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 MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 30TH, 2010
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DOW 10092.41 -58.24 (-0.57%) | NASDAQ 2140.42 -13.21 (-0.61%) | S&P 500 1059.67 -4.92 (-0.46%)
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Time of Screening :
8/30/2010 12:21:18 PM Report Released :
8/30/2010 1:13:58 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 |
ARUN
- NASDAQ
Aruba Networks Inc
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$18.12
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-0.27
-1.47%
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$18.70
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1,354,475
79.53% of 50 DAV
50 DAV is 1,703,200
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$18.70
-3.10%
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8/30/2010 |
$18.12
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PP = $18.51
MB = $19.44 |
Most Recent Note - 8/30/2010 12:36:43 PM
Y - Pulling back today after a considerable gain on Friday following another strong quarterly earnings report. Technically, its 8/27/10 gain with heavy volume helped it rise to a new 52-week high on the right side of a 5-week base during which its 50 DMA line acted as a support level. Color code is changed to yellow. Confirming gains and a follow-through day for the major averages (M criteria) would be reassuring signs, especially since its prior highs may act as resistance. It rebounded impressively since dropped from the Featured Stocks list on 5/06/10 as it and the broader market endured heavy distributional pressure.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FOSL
- NASDAQ
Fossil Group Inc
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$48.19
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+2.18
4.74%
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$49.50
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1,243,589
144.13% of 50 DAV
50 DAV is 862,800
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$49.50
-2.65%
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8/10/2010 |
$45.54
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PP = $42.69
MB = $44.82 |
Most Recent Note - 8/30/2010 12:39:10 PM
G - Trading up considerably today for a new high, posting its 7th consecutive gain with ever increasing volume, reacting positively to news its board approved a stock buyback plan.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HS
-
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$20.29
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-0.21
-1.02%
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$20.58
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403,725
71.62% of 50 DAV
50 DAV is 563,700
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$20.58
-1.41%
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8/27/2010 |
$19.91
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PP = $19.75
MB = $20.74 |
Most Recent Note - 8/30/2010 12:42:00 PM
Y - Pulling back today following a considerable gap up gain on 8/27/10 after announcing news that it will acquire Bravo Health for $545 million. Rallied from a short flat base as it was featured in the mid-day report (read here) and then went on to close strong and hit a new 52-week high with more than 3 times average volume behind its gain. It found support above its 50 and 200 DMA lines during its light volume pullback following an earlier (7/29/10) breakout. The M criteria remains a concern until a follow-through day emerges. Quarterly and annual earnings comparisons have showed strong +25%. or greater increases (good C and A criteria) history.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MRX
-
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$27.47
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+0.54
2.01%
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$27.80
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722,958
62.69% of 50 DAV
50 DAV is 1,153,300
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$28.15
-2.42%
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8/12/2010 |
$26.88
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PP = $26.71
MB = $28.05 |
Most Recent Note - 8/30/2010 1:07:49 PM
Y - Rallying today near its 52-week high with little resistance remaining due to overhead supply. The high-ranked Medical - Ethical Drugs firm found support recently while consolidating near prior chart highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2010. 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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$22.93
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+0.13
0.57%
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$23.18
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2,830,906
61.36% of 50 DAV
50 DAV is 4,613,700
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$23.18
-1.08%
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8/25/2010 |
$21.40
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PP = $21.99
MB = $23.09 |
Most Recent Note - 8/30/2010 1:13:33 PM
Y - Hit another new all-time high today, trading near its "max buy" level. Its gain on 8/26/10 with +69% above average volume helped it trigger a technical buy signal and close above the pivot point cited in the 8/25/10 mid-day report. The M criteria is a concern until a follow-through day confirms a new rally.
>>> 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 |
AHGP
- NASDAQ - METALS &; MINING - Nonmetallic Mineral Mining
Alliance Holdings Gp Lp
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$40.44 |
+0.95
2.41%
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$40.44
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$39.82
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1.56% |
29,945
64.96%
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46,100
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Most Recent Note for AHGP - 8/30/2010 12:25:56 PM
Hitting a new 52-week high and all-time high today, it formed a short base-on-base type pattern since last noted on 7/26/10. Latest quarter ended June 30, 2010 showed better sales and earnings increases versus the year earlier, but prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady. Noted in earlier mid-day reports - "its fundamentals have remained below the guidelines of the investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IPGP
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
I P G Photonics Corp
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$23.25 |
+1.19
5.39%
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$23.28
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$23.39
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-0.60% |
119,850
80.76%
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148,400
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Most Recent Note for IPGP - 8/30/2010 12:48:10 PM
Hit a new 52-week high with a considerable gain today. Held its ground and rallied higher with heavy volume since noted in mid-day reports in early August - "Sales and earnings showed great improvement in the June 30, 2010 ended quarter. Its prior history has been erratic and below guidelines of the fact-based system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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JKS
- NYSE - ENERGY - Other
Jinkosolar Hldg Co Ads
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$25.87 |
+0.69
2.74%
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$26.45
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$26.80
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-3.47% |
378,622
159.62%
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237,200
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Most Recent Note for JKS - 8/30/2010 12:51:05 PM
Poised for another new all-time high close today following big gains on heavy volume in recent weeks. Noted in recent mid-day reports -"Extended from any sound base and well up from its $11 IPO on 5/14/10 after a streak of consecutive gains. Limited sales and earnings history is below guidelines. "
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MCRS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Micros Systems Inc
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$39.25 |
-0.19
-0.48%
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$39.64
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$40.04
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-1.97% |
231,475
67.88%
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341,000
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Most Recent Note for MCRS - 8/30/2010 1:03:47 PM
Holding its ground today. It hit a new 52-week high and multi-year high with its breakaway gap, leaving it clear of all overhead supply as it was noted in the 8/27/10 mid-day report - "Its recent quarterly comparisons showed improving sales revenues and earnings increases after a streak of negative comparisons. It sank as lows as $13.34 from $29.91 when it was dropped from the Featured Stocks list on 5/01/08."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MSB
- NYSE - FINANCIAL SERVICES - Diversified Investments
Mesabi Trust
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$26.35 |
+1.30
5.19%
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$26.49
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$27.50
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-4.18% |
151,557
100.17%
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151,300
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Most Recent Note for MSB - 8/30/2010 1:11:17 PM
Perched near its 52-week high today, rebounding after a bout of distributional pressure since recent mid-day report appearances. When recently rising from a cup-with-handle type base pattern it was noted - "The 2 latest quarters showed better increases but prior quarters and annual earnings history has been below guidelines of the fact-based investment system."
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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.
We are not an investment advisor, hence it does
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
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
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likewise used for identification purposes only.
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