Mid-Day Breakouts Report - Monday, August 22nd, 2011

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MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 22ND, 2011
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DOW 10877.81 60.16 (0.56%) | NASDAQ 2351.32 9.48 (0.40%) | S&P 500 1127.42 3.89 (0.35%)

Time of Screening : 8/22/2011 12:17:28 PM Report Released : 8/22/2011 12:41:01 PM
Price is: Above 52W High and Less Than 52W High but within 10% of the 52 Week High
Volume Is: At least 57.5% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABX - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$52.35	+1.57 3.08%	$52.78	$55.74	-6.09%	7,145,305 82.42%	8,669,300
Most Recent Note for ABX - 8/22/2011 12:18:51 PM Gapped up today, rallying within -6% of its 52-week high. Its annual earnings (A criteria) history has been up and down while recent quarterly comparisons showed strong sales and earnings growth. Recent leadership in the Mining - Gold/Silver/gems group (L criteria) is very reassuring.
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$15.94	+0.43 2.77%	$16.18	$16.18	-1.48%	7,986,998 76.07%	10,499,100
Most Recent Note for AUY - 8/22/2011 12:19:59 PM Hitting another new 52-week high today. Wedged higher last week without great volume conviction following its prior volume-driven gains above stubborn resistance in the $13 area. Quarterly sales revenues and earnings increases in the 4 latest comparisons through June 30, 2011 were well above the +25% guideline satisfying the C criteria. The downturn in FY '09 earnings is a fundamental flaw concerning the A criteria. With respect to the I criteria, the number of top rated funds owning its shares fell from 911 in Mar '11 to 860 in Jun '11. It survived but failed to impress since 4/23/2008 when it was dropped from the Featured Stocks list and subsequently fell from $13 to $3 over the next 6 months. First it had traded up as much as +25.4% after it was first featured at $15.89 in the February 2008 CANSLIM.net News (read here).
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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$291.90	+0.48 0.16%	$297.69	$302.00	-3.34%	268,020 69.27%	386,900
Most Recent Note for AZO - 8/22/2011 12:20:52 PM Rallying further above its 50 DMA line today after recently testing support near its 200 DMA line. Reported +28% earnings on +9% sales revenues for the quarter ended April 30, 2011. Its 4 latest quarterly comparisons (C criteria) showed earnings increases above the +25% minimum guideline while sales revenues increases were in the +1-13% range and gradually accelerating. It is heavily owned by mutual funds already, yet top-rated funds owning shares rose from 1,051 in Dec '10 to 1,111 in Jun '11, a somewhat reassuring sign concerning the I criteria. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership.
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CHL - NYSE - TELECOMMUNICATIONS - Wireless Communications China Mobile Ltd Adr	$49.96	+1.04 2.13%	$50.52	$53.87	-7.26%	1,582,887 83.11%	1,904,600
Most Recent Note for CHL - 8/22/2011 12:21:55 PM Gapped up today and traded above its July high. It has a sub par earnings and sales revenues growth history. Large supply of 4 billion shares outstanding would typically make a stock unlikely to be a big mover unless there was immense institutional buying demand.
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$20.13	+0.74 3.82%	$20.16	$20.23	-0.49%	3,251,639 70.83%	4,591,000
Most Recent Note for EGO - 8/22/2011 12:24:17 PM Rallying today with reassuring strength in the Mining - Gold/Silver/Gems group (L criteria) helping it rise within -1% of its 2011 high. Last noted in the 8/19/11 mid-day report - "Adding to a recent spurt of volume-driven gains that are helping it approach its 2010 all-time high of $20.23. It survived but failed to impress since it was dropped from the Featured Stocks list on 8/19/10. Reported earnings +40% on +22% sales revenues for the latest quarter ended June 30, 2011, but the 3 prior quarterly comparisons showed earnings increases below the +25% guideline concerning the C criteria."
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GG - NYSE - METALS & MINING - Gold Goldcorp Inc	$54.04	+2.39 4.63%	$54.44	$56.20	-3.84%	5,291,835 69.27%	7,639,400
Most Recent Note for GG - 8/22/2011 12:25:51 PM Gapped up today, rallying within -3.7% of its 52-week high. It rebounded above its 50 DMA line with volume-driven gains after a recent slump below its 200 DMA line since last noted in the 7/18/11 mid-day report - "Recent quarterly comparisons show impressive sales revenues increases and earnings acceleration. It annual earnings (A criteria) history has not been strong and steady over the past 5 years. It was long ago (5/18/06) dropped from the Featured Stocks list."
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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$113.19	+3.20 2.91%	$113.42	$113.42	-0.20%	909,916 103.79%	876,700
Most Recent Note for GOLD - 8/22/2011 12:26:50 PM Gapped up today and hit a new all-time high. The 8/19/11 mid-day report noted - "Making its 3rd consecutive mid-day report appearance, this UK-headquartered firm in the Mining - Gold/Silver/Gems group is on track for a 9th consecutive weekly gain, hitting new all-time highs with no overhead supply remaining to act as resistance. Sales revenues and earnings increases in the Mar '11 and Jun '11 quarterly comparisons have been much greater than the +25% minimum guideline following sub par Dec '10 quarterly results. Up and down annual earnings (A criteria) history is also a concern."
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NEM - NYSE - METALS & MINING - Gold Newmont Mining Corp	$63.06	+2.98 4.96%	$63.55	$65.50	-3.73%	5,756,246 80.15%	7,181,500
Most Recent Note for NEM - 8/22/2011 12:30:39 PM Considerable gain today, rallying within close striking distance of its 2010 high ($65.50) level that may act as resistance. It sputtered below its 200 DMA line for several months while slumping after it was dropped from the Featured Stocks list on 11/16/10.
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NGD - AMEX - METALS & MINING - Gold New Gold Inc	$12.91	+0.44 3.53%	$13.00	$13.00	-0.69%	2,749,441 79.88%	3,441,900
Most Recent Note for NGD - 8/22/2011 12:30:56 PM The 8/19/11 mid-day report noted - "Hit another new 52-week high as it gapped up today after inching higher this week, rising with no resistance remaining due to overhead supply. Found support near its 200 DMA during its consolidation since noted in the 3/21/11 mid-day report - 'Recent quarterly comparisons show sales revenues and earnings increases but its up and down annual earnings (A criteria) history leaves fundamental concerns.'"
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ORLY - NASDAQ - RETAIL - Auto Parts Stores O Reilly Automotive Inc	$61.64	+0.57 0.93%	$62.45	$66.52	-7.34%	1,050,674 60.20%	1,745,400
Most Recent Note for ORLY - 8/22/2011 12:31:11 PM Encountering resistance near its 50 DMA line after a slump below its 200 DMA line since noted in the 7/06/11 mid-day report - "Perched at its 52-week high today after a recent spurt of volume-driven gains helped it rally above prior highs in the $61-63 area. Quarterly earnings increases decelerated to below the +25% range in the Mar '11 quarter while sales revenues have been in the +5-13% range in the past 7 quarterly comparisons versus the year ago periods. Several auto-parts firms are showing concurrent leadership, which is a common theme whenever economic conditions pressure more consumers into repairing their clunkers rather than buying new cars they cannot afford. Its annual earnings history has been sluggish (A criteria)."
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RGLD - NASDAQ - METALS & MINING - Gold Royal Gold Inc	$72.95	+2.95 4.21%	$73.78	$73.78	-1.12%	675,116 89.75%	752,200
Most Recent Note for RGLD - 8/22/2011 12:32:56 PM Gapped up today amid widespread leadership (L criteria) in the Mining - Gold/Silver/Gems group, hitting a new all-time high with no resistance remaining to hinder its progress. The 8/12/11 mid-day report noted - "Its up and down annual earnings (A criteria) history does not meet the investment system guidelines, but recent quarterly comparisons showed mostly strong sales revenues and earnings increases versus the year ago period."
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RGR - NYSE - CONSUMER DURABLES - Sporting Goods Sturm Ruger & Co Inc	$29.68	+0.18 0.60%	$31.00	$31.00	-4.26%	235,669 119.33%	197,500
Most Recent Note for RGR - 8/22/2011 12:33:52 PM Touched a new 52-week high today. The 8/19/11 mid-day report noted - "Earnings history is below guidelines. Extended from any sound base."
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RIC - AMEX - METALS & MINING - Gold Richmont Mines Inc	$9.96	+0.62 6.64%	$10.10	$10.16	-1.97%	688,755 197.86%	348,100
Most Recent Note for RIC - 8/22/2011 12:34:40 PM Gapped up today, trading within -2% of its 52-week high. Volume-driven gains helped it recently rally above prior resistance in the $9 area. Its 52-week high was hit when noted in the 4/29/11 mid-day report - "Extended from any sound base pattern after numerous volume-driven gains in the past 2 months. Recent quarterly comparisons show sales revenues and earnings improvement, but its prior earnings history is below the investment system guidelines."
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TAC - NYSE - UTILITIES - Electric Utilities Transalta Corp	$21.69	+0.03 0.14%	$22.15	$22.60	-4.03%	36,474 96.49%	37,800
Most Recent Note for TAC - 8/22/2011 12:34:56 PM Quarterly and annual earnings history for this electric utility firm has been below the guidelines of the fact-based investment system.
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$86.60	+1.82 2.15%	$87.80	$95.04	-8.88%	214,663 58.11%	369,400
Most Recent Note for TDG - 8/22/2011 12:37:38 PM Gapped up today, but its remains below its 50 and 200 DMA lines after 2 damaging losses with above average volume. It was noted in the 7/01/11 mid-day report when hitting new 52-week and all-time highs with multiple gains backed by above average volume above prior resistance in the $85 area - "No resistance remaining due to overhead supply. Recent earnings increases have been just below the +25% guideline in quarterly comparisons through March '11 while sales revenues increases showed acceleration following a streak of weak or negative comparisons. In recent years it has rebounded and rallied to new highs following a deep consolidation after it was dropped from the Featured Stocks list 1/17/08."
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$159.73	+0.34 0.21%	$164.87	$176.47	-9.49%	54,930 67.81%	81,000
Most Recent Note for TNH - 8/22/2011 12:38:11 PM Hovering near its 52-week high, consolidating following a streak of volume-driven gains. The 8/18/11 mid-day report noted - "Repeatedly noted as extended from any sound base pattern. Found support near its 50 DMA line and well above prior chart resistance on its recent pullback. Reported earnings +78% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period and recent quarters were strong, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling."
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UGP - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Ultrapar Participaco Adr	$17.28	+0.25 1.47%	$17.37	$18.96	-8.86%	166,929 60.02%	278,100
Most Recent Note for UGP - 8/22/2011 12:39:57 PM Consolidating near its 50 DMA and 200 DMA lines after damaging distributional losses in prior weeks, it has not formed a sound base pattern. This Brazilian Oil and Gas - Refining/Marketing firm showed strong sales and earning increases in recent quarterly comparisons versus the year ago period. Its annual earnings (A criteria) growth has steadily improved since a downturn in FY '07.
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UL - NYSE - FOOD & BEVERAGE - Food - Major Diversified Unilever Plc	$33.71	+0.66 2.00%	$34.36	$34.55	-2.43%	1,777,539 98.41%	1,806,300
Most Recent Note for UL - 8/22/2011 12:40:27 PM Gapped up today. Hit new 52-week highs last week with gap up gains while rebounding from a previously noted dip below its 50 and 200 DMA lines. Prior mid-day reports noted - "Annual and quarterly earnings history have been below guidelines."
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UN - NYSE - FOOD & BEVERAGE - Food - Major Diversified Unilever N V Ny Shrs	$33.64	+0.96 2.94%	$34.16	$34.25	-1.78%	4,163,491 135.47%	3,073,300
Most Recent Note for UN - 8/22/2011 12:40:47 PM Gapped up today. Hit new 52-week highs last week after rallying with gap up gains while rebounding from a previously noted dip below its 50 and 200 DMA lines. Prior mid-day reports noted - "Annual and quarterly earnings history have been below guidelines."
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