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 MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 30TH, 2011
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DOW 11524.15 -15.1 (-0.13%) | NASDAQ 2558.03 -4.08 (-0.16%) | S&P 500 1207.14 -2.94 (-0.24%)
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Time of Screening :
8/30/2011 12:49:51 PM Report Released :
8/30/2011 1:46:57 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 |
FCFS
- NASDAQ
FirstCash Holdings Inc
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$46.98
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+1.68
3.71%
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$47.18
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193,205
60.41% of 50 DAV
50 DAV is 319,800
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$47.80
-1.72%
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5/31/2011 |
$42.00
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PP = $40.23
MB = $42.24 |
Most Recent Note - 8/30/2011 1:07:21 PM
G - Challenging its 52-week high with today's gain, but it has not formed a sound base pattern. Recently found support near its 50 DMA line. Prior lows near $37-38 define additional chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2011. Click here.
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A N
S L
I M
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JCOM
- NASDAQ
J 2 Global Inc
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$32.50
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+1.70
5.52%
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$32.64
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548,445
160.69% of 50 DAV
50 DAV is 341,300
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$32.64
-0.43%
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8/8/2011 |
$30.38
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PP = $29.31
MB = $30.78 |
Most Recent Note - 8/30/2011 1:11:26 PM
G - Color code was changed to green again after quickly rallying well above its "max buy" level and hitting a new 52-week high with today's volume-driven gain. Prior highs in the $30-31 area which were a resistance level now define initial chart support on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2011. Click here.
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A N
S L
I M
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PSMT
- NASDAQ
Pricesmart Inc
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$63.01
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+1.21
1.96%
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$64.56
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197,103
77.11% of 50 DAV
50 DAV is 255,600
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$64.56
-2.40%
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8/30/2011 |
$63.01
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PP = $62.37
MB = $65.49 |
Most Recent Note - 8/30/2011 1:34:29 PM
Y - Hit a new 52-week high with today's 3rd consecutive gain. Color code is changed to yellow again. A strong volume-driven close above its new pivot point cited may clear a "square box" based formed over the past 5 weeks. PSMT rebounded promptly after undercutting prior chart lows and slumping below its 50 DMA line when last noted on 8/08/11, and its recent resilience prompts its return to the Featured Stocks list today.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2011. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CERN
- NASDAQ - Computer Sftwr-Medical
Cerner Corp
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$67.24 |
+0.79
1.19%
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$67.87
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$68.12
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-1.29% |
814,521
59.01%
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1,380,400
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Most Recent Note for CERN - 8/30/2011 12:53:35 PM
Within close striking distance of its 52-week high today with no overhead supply to act as resistance. It had slumped to its 200 DMA line since noted in the 8/01/11 mid-day report following a considerable 7/29/11 volume-driven gain for a new all-time high. Reported earnings +26% on +15% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its quarterly sales revenues and earnings per share track record has been borderline or below the investment system's minimum guidelines. The number of top-rated funds owning its shares rose from 850 in Dec '10 to 968 in Jun '11, and it is already heavily owned by the institutional crowd. This Computer Software - Medical firm has a great annual earnings (A criteria) history.
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DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$35.91 |
+2.12
6.27%
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$36.13
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$36.13
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-0.61% |
2,706,845
171.24%
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1,580,700
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Most Recent Note for DG - 8/30/2011 1:01:10 PM
Gapped up today and hit a new 52-week high, clearing prior chart resistance in the $35 area. Reported earnings +24% on +11% sales revenues for the quarter ended July 31, 2011 versus the prior session. When rebounding above its 50 DMA line on the prior session it was noted - "Sales revenues and earnings increases in the Jan '11 and Apr '11 quarterly comparisons versus the year ago periods were borderline or below the investment system guidelines."
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DLLR
- NASDAQ - FINANCIAL SERVICES - Credit Services
D F C Global Corp
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$22.88 |
+0.81
3.67%
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$23.14
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$23.14
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-1.13% |
390,006
100.21%
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389,200
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Most Recent Note for DLLR - 8/30/2011 1:03:09 PM
Challenging its 52-week high with today's third consecutive gain. Rallied above its 50 and 200 DMA lines with a considerable gain when last noted in the 8/26/11 mid-day report. It slumped below those important moving averages during its consolidation after noted in the 7/07/11 mid-day report when trading within 25 cents of its 52-week high - "Completed an additional Public Offering on 4/07/11. Earnings and sales history is below the guidelines of the fact-based system."
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DLTR
- NASDAQ - RETAIL - Discount, Variety Stores
Dollar Tree Inc
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$74.32 |
+0.50
0.68%
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$74.50
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$74.72
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-0.54% |
1,133,403
76.99%
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1,472,100
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Most Recent Note for DLTR - 8/30/2011 1:05:12 PM
Hit another new 52-week high with today's volume-driven gain, adding to its recent spurt of gains following choppy action in recent weeks, not a sound looking base pattern. Reported earnings +26% on +12% sales for the quarter ended July 31, 2011 versus the year ago period. Prior mid-day reports noted - "Good annual earnings history and quarterly earnings increases above the +25% meet the investment system's C and A guidelines, however sales revenues have shown just steady increases in the +12-14% range."
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ITC
- NYSE - UTILITIES - Electric Utilities
I T C Holdings Corp
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$76.99 |
+0.11
0.14%
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$77.26
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$77.26
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-0.35% |
210,221
67.88%
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309,700
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Most Recent Note for ITC - 8/30/2011 1:08:51 PM
This Utility -Electric Power firm undercut its 200 DMA line 3 weeks ago, then rebounded and impressively rallied to reach a new 52-week high with volume-driven gains. It has been wedging higher this week, but prior mid-day reports cautioned - "Fundamentals are below the C and A criteria (earnings growth guidelines)."
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LABL
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
Multi Color Corp
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$26.90 |
+0.07
0.26%
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$27.00
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$28.00
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-3.93% |
54,923
86.09%
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63,800
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Most Recent Note for LABL - 8/30/2011 1:12:12 PM
Still holding its ground near its 52-week high today. Reported earnings +65% on +36% sales revenues for the quarter ended June 30, 2011. No overhead supply remains to act as resistance, however prior mid-day reports noted - "Prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines."
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LG
- NYSE - UTILITIES - Gas Utilities
Laclede Group Inc
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$39.24 |
+0.03
0.07%
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$39.30
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$39.99
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-1.88% |
66,648
58.21%
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114,500
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Most Recent Note for LG - 8/30/2011 1:15:35 PM
Volume driven gain on the prior session helped it clear prior chart highs and approach its 52-week high. It survived but failed to impress since last noted in the 10/31/08 mid-day report - "Gains with near average volume this week helped it rally to a new all-time high, and it has traded up for 9 consecutive months. Wild whipsaw action in the past few weeks is a sign of uncertainty, and cause for concern. This gas distributing utility company has an unimpressive annual earnings (the A criteria) history, however its recent quarterly comparisons show accelerating sales revenues and earnings."
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MNRO
- NASDAQ - RETAIL - Auto Parts and Sercices
Monro Muffler Brake
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$40.94 |
+1.54
3.91%
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$41.15
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$41.15
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-0.51% |
478,908
138.49%
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345,800
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Most Recent Note for MNRO - 8/30/2011 1:19:17 PM
Up again today for another new all-time high following considerable volume-driven gains. It has been rallying with no resistance remaining due to overhead supply. Prior reports repeatedly noted - "Reported earnings +14% on +4% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Not a good match, fundamentally, with the investment system's winning models. It and similar players in the auto-repair arena have shown recent strength while consumers are fixing their old cars and holding off on new car purchases. Its annual earnings (A criteria) growth rate has been good in recent years. But in 6 of its 8 most recent quarterly earnings comparisons there are blue triangles beside the earnings figure on the chart service used by our experts - which indicates pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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NGD
- AMEX - METALS & MINING - Gold
New Gold Inc
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$13.58 |
+0.37
2.76%
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$13.61
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$13.69
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-0.84% |
3,250,770
88.99%
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3,653,000
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Most Recent Note for NGD - 8/30/2011 1:21:17 PM
Perched at its 52-week high today with no resistance remaining due to overhead supply. It is extended from prior chart highs in the $11 area following a spurt of volume-driven gains. 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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PRGO
- NYSE - DRUGS - Drug Related Products
Perrigo Co Plc
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$96.93 |
+3.32
3.55%
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$97.29
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$97.29
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-0.37% |
550,478
78.55%
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700,800
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Most Recent Note for PRGO - 8/30/2011 1:25:27 PM
Hit a new all-time high today. Previous mid-day reports cautioned - "Its choppy action is not a sound base pattern." It has been mostly wedging higher without great volume conviction since last noted in the 8/21/11 mid-day report - "Reported earnings +32% on +14% sales revenues for the quarter ended June 30, 2011 versus the year ago period, beating estimates and raising guidance. Also announced that it expects to issue $350 million of notes in its fiscal second quarter pursuant to its existing Master Note Purchase Agreement. It found prompt support at its 200 DMA line after it was dropped from the Featured Stocks list on 8/08/11. Its choppy action is not a sound base pattern."
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RGR
- NYSE - CONSUMER DURABLES - Sporting Goods
Sturm Ruger & Co Inc
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$35.13 |
+1.02
2.99%
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$35.83
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$35.83
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-1.95% |
288,744
126.59%
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228,100
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Most Recent Note for RGR - 8/30/2011 1:35:29 PM
Hitting yet another new 52-week high today with its 6th consecutive gain backed by above average volume. Repeatedly noted in recent mid-day reports - "Earnings history is below guidelines. Extended from any sound base."
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RIC
- AMEX - METALS & MINING - Gold
Richmont Mines Inc
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$10.38 |
+0.92
9.73%
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$10.42
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$10.62
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-2.26% |
588,399
145.82%
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403,500
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Most Recent Note for RIC - 8/30/2011 1:38:28 PM
Considerable volume-driven gain today for a new 52-week high. Leadership in the Mining - Gold/Silver/Gems group (L criteria) has helped it rally among numerous other gold mining firms showing recent strength. Its 52-week high was hit when noted in the 4/29/11 mid-day report - "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
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$22.12 |
-0.32
-1.43%
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$22.16
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$22.60
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-2.12% |
27,074
67.52%
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40,100
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Most Recent Note for TAC - 8/30/2011 1:39:06 PM
Still hovering within close striking distance of its 52-week high. Holding its ground above its 50 DMA and 200 DMA lines since the 8/22/11 mid-day report noted - "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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TDY
- NYSE - DIVERSIFIED SERVICES - Technical Services
Teledyne Tech Inc
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$53.86 |
-0.06
-0.11%
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$54.28
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$55.00
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-2.07% |
124,327
59.15%
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210,200
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Most Recent Note for TDY - 8/30/2011 1:42:45 PM
Rebounding near its 52-week high again after slumping briefly below its 200 DMA line a couple of times since last noted in the 8/05/11 mid-day report - "Earnings increases and sales revenues growth in the Mar and Jun '11 quarters showed improvement but its prior quarterly and annual earnings history has been below the investment system guidelines after a downward turn in FY '09 earnings."
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TNH
- NYSE - CHEMICALS - Agricultural Chemicals
Terra Nitrogen Co Lp
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$193.67 |
+5.16
2.74%
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$197.69
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$197.69
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-2.03% |
89,183
107.32%
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83,100
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Most Recent Note for TNH - 8/30/2011 1:44:29 PM
Hitting yet another new 52-week high and all-time high today, adding to its impressive streak of volume-driven gains. Recent mid-day reports 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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UN
- NYSE - FOOD & BEVERAGE - Food - Major Diversified
Unilever N V Ny Shrs
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$33.31 |
-0.35
-1.04%
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$33.43
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$34.27
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-2.80% |
2,510,639
76.38%
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3,287,100
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Most Recent Note for UN - 8/30/2011 1:46:34 PM
Perched within close striking distance of its 52-week high and volume totals have been cooling while consolidating above its 50 DMA line. Prior mid-day reports noted - "Annual and quarterly earnings history have been below guidelines."
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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
an offer or solicitation on our part with respect to
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