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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 26TH, 2010
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DOW 10042.5 -17.56 (-0.17%) | NASDAQ 2135.74 -5.8 (-0.27%) | S&P 500 1055.54 0.21 (0.02%)
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Time of Screening :
8/26/2010 12:25:40 PM Report Released :
8/26/2010 1:02:28 PM
Price is:
Above 52W High and Less Than 52W High
but within 5% 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(50 DAV) |
52 Wk Hi
% From Hi |
Date
Featured |
Price
Featured |
Pivot Point |
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Max Buy |
CRM
- NYSE
Salesforce.com Inc
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$111.84
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-0.35
-0.31%
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$113.22
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1,697,115
66.97% of 50 DAV
50 DAV is 2,534,200
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$114.15
-2.02%
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6/2/2010 |
$88.44
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PP = $89.60
MB = $94.08 |
Most Recent Note - 8/26/2010 12:30:07 PM
G - It is extended from any sound base, still holding its ground stubbornly since gapping up on 8/20/10 for a considerable gain and new all-time high.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EGO
- NYSE
Eldorado Gold Corp
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$19.27
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+0.29
1.53%
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$19.48
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3,562,334
85.90% of 50 DAV
50 DAV is 4,147,100
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$19.48
-1.07%
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8/19/2010 |
$18.25
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PP = $19.17
MB = $20.13 |
Most Recent Note - 8/26/2010 12:32:37 PM
Y - Gapped up today and rallied above its pivot point after a solid gain with +48% above average volume on the prior session for this Canada-based mining firm. EGO was featured in the 8/19/10 mid-day report with a pivot point based on its 52-week high plus ten cents.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PAY
- NYSE
Paymentus Holdings
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$23.99
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-0.33
-1.36%
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$24.73
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1,235,528
113.29% of 50 DAV
50 DAV is 1,090,600
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$25.04
-4.19%
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8/25/2010 |
$24.30
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PP = $23.74
MB = $24.93 |
Most Recent Note - 8/26/2010 12:45:59 PM
Y - Pulling back to today after a gap up gain for a new 52-week high on the prior session following better than expected results. For the quarter ended July 31, 2010 its earnings per share rose +38% on +24% sales revenues versus the year ago period. Recent quarters showed strong earnings and sales revenues accelerating after a streak of negative comparisons. As noted in the 8/25/10 mid-day report (read here) when rising from a cup-with-handle base - "Long ago, based on disappointing fundamental news and very weak technical action, it was dropped from the Featured Stocks list on 12/3/2007 as it gapped down for a considerable loss after the company said it would restate its earnings for the past three quarters, with the added warning that revelations of deeper problems may follow. It has rebounded impressively and is now clear of overhead supply after a powerful technical breakout with 6 times average volume, however the M criteria is now arguing against new buying efforts until a new follow-through day occurs from at least one of the major averages."
>>> The latest Featured Stock Update with an annotated graph appeared on 12/18/2008. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SLW
- NYSE
Silver Wheaton Corp
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$22.32
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+0.83
3.84%
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$22.46
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4,650,832
102.84% of 50 DAV
50 DAV is 4,522,200
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$22.46
-0.65%
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8/25/2010 |
$21.40
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PP = $21.99
MB = $23.09 |
Most Recent Note - 8/26/2010 1:01:47 PM
Y - Gapped up today, rallying to a new all-time high above the pivot point cited in the 8/25/10 mid-day report. Detailed analysis was included in the Featured Stock Update section of yesterday's After Market Update. It was noted - "No overhead supply remains to hinder its upward progress, yet the $21 area has been a stubborn resistance level. This Canada-based firm in the Mining - Gold/Silver/Gems industry had a downward turn in FY '08 earnings (A criteria has been noted as a concern). Current leadership in the group (L criteria) is helping most firms in the group show strength. Its 3 latest quarterly comparisons showed solid sales and earnings increases (good criteria) after 4 prior reports with negative comparisons versus the year ago period."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
INTU
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Intuit Inc
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$42.80 |
+0.20
0.47%
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$43.25
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$44.85
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-4.57% |
2,824,389
73.82%
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3,826,000
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Most Recent Note for INTU - 8/26/2010 12:34:04 PM
Holding its ground near its 52-week high after a considerable gap up gain on 8/20/10. Its recently quarterly comparisons showed earnings growth below guidelines while sales revenues have gradually accelerated. It has a good annual earnings (A criteria) history.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Gartner Inc
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$28.53 |
+0.05
0.18%
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$28.75
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$28.80
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-0.94% |
437,405
60.73%
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720,300
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Most Recent Note for IT - 8/26/2010 12:37:20 PM
Holding its ground in a tight trading range while trading above average volume has been noted as "churning" distributional action since last noted in recent mid-day reports -"Consolidating above prior highs in the $26 area that now define a support level. It technically broke out on 8/10/10 with a considerable gain on 4 times average volume for a new 52-week high and new multi-year high. Recent quarterly comparisons show improving sales revenues and earnings after a streak of negative comparisons and a downward turn in its FY '09 earnings. Its has rebounded impressively, but its fundamentals are below the fact-based system's guidelines. Results deteriorated badly as it slumped after it was dropped from the Featured Stocks list on 10/02/08."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ITC
- NYSE - UTILITIES - Electric Utilities
I T C Holdings Corp
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$59.27 |
+0.00
0.00%
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$59.50
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$59.50
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-0.39% |
167,679
65.35%
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256,600
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Most Recent Note for ITC - 8/26/2010 12:39:50 PM
Rallied to a new 52-week high with a gain backed by above average volume. Noted in the 8/26/10 mid-day report. Fundamentals are below the C and A criteria (earnings growth guidelines).
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SEC |
News |
Chart | C
A N
S L
I M
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NI
- NYSE - UTILITIES - Diversified Utilities
Nisource Inc
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$17.07 |
+0.17
1.01%
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$17.09
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$17.15
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-0.47% |
1,923,212
68.96%
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2,789,000
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Most Recent Note for NI - 8/26/2010 12:41:58 PM
Consolidating in a tight range for several weeks, now perched very near its 52-week high. Noted in the 8/25/10 mid-day report - "Erratic sales revenues and earnings history is below guidelines of the fact-based investment system."
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SEC |
News |
Chart | C
A N
S L
I M
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RHT
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Red Hat Inc
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$34.24 |
+0.99
2.98%
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$34.75
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$34.75
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-1.47% |
2,638,637
90.44%
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2,917,400
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Most Recent Note for RHT - 8/26/2010 12:48:37 PM
Hit a new 52-week high today with a 5th consecutive gain since finding support near its 50 DMA line recently. Note in prior mid-day reports -"This Computer Software - Desktop firm has formed a long and orderly base in recent months while finding great support near its 200 DMA line. Quarterly and annual earnings history are below guidelines of the fact-based investment system."
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A N
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I M
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
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