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 MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 2ND, 2011
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DOW 11324.53 -169.04 (-1.47%) | NASDAQ 2502.95 -43.08 (-1.69%) | S&P 500 1184.43 -19.99 (-1.66%)
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Time of Screening :
9/2/2011 12:06:19 PM Report Released :
9/2/2011 12:41:49 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...
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 |
MG
- NYSE
Mistras Group Inc
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$19.34
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-0.86
-4.26%
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$19.53
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101,214
62.48% of 50 DAV
50 DAV is 162,000
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$20.82
-7.11%
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8/10/2011 |
$17.89
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PP = $17.58
MB = $18.46 |
Most Recent Note - 9/2/2011 12:28:04 PM
G - Up from early lows today following 2 consecutive losses with above average volume that were indicative of distributional pressure. Previous resistance in the $17-18 area defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2011. Click here.
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SEC |
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A N
S L
I M
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PSMT
- NASDAQ
Pricesmart Inc
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$63.35
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-1.03
-1.60%
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$63.81
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188,297
68.90% of 50 DAV
50 DAV is 273,300
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$68.05
-6.91%
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8/30/2011 |
$63.01
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PP = $62.37
MB = $65.49 |
Most Recent Note - 9/2/2011 12:35:20 PM
Y - Up from earlier lows after a gap down today. On the prior session there was a "negative reversal" for a loss on higher volume after reaching a new 52-week high. Prior highs near $62 define initial chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2011. Click here.
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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 |
ABX
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$53.80 |
+2.13
4.12%
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$53.98
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$55.74
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-3.48% |
6,355,991
69.43%
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9,154,000
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Most Recent Note for ABX - 9/2/2011 12:08:01 PM
Gapped up today, rallying within -3.7% of its 52-week high. Leadership in the Mining - Gold/Silver/gems group (L criteria) is very reassuring. Its annual earnings (A criteria) history has been up and down, however recent quarterly comparisons showed strong sales and earnings growth.
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A N
S L
I M
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AUY
- NYSE - METALS & MINING - Gold
Yamana Gold Inc
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$16.91 |
+0.83
5.16%
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$16.92
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$16.89
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0.11% |
7,431,533
64.69%
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11,488,000
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Most Recent Note for AUY - 9/2/2011 12:10:48 PM
Gapped up today and hit a new 52-week high, on track for its 5th consecutive weekly gain. It has recently wedged higher, but it is extended from any sound base following 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 861 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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ECOL
- NASDAQ - MATERIALS & CONSTRUCTION - Waste Management
U S Ecology Inc
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$17.25 |
-0.62
-3.47%
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$17.59
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$18.85
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-8.49% |
59,507
78.09%
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76,200
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Most Recent Note for ECOL - 9/2/2011 12:12:25 PM
Gapped down today, sinking near its 50 DMA line. Last noted in the 8/08/11 mid-day report - "The 3 latest quarterly comparisons through Jun '11 showed strong sales and earnings increases, but its prior quarterly and annual earnings (A criteria) history has been below the investment system guidelines."
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$108.33 |
+4.74
4.58%
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$108.48
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$114.50
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-5.39% |
664,501
69.57%
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955,100
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Most Recent Note for GOLD - 9/2/2011 12:15:38 PM
Gapped up today, and it has been consolidating after spiking to a new all-time high last week. This UK-headquartered firm in the Mining - Gold/Silver/Gems group recently tallied 9 consecutive weekly gains and it has no overhead supply remaining to act as resistance. Prior mid-day reports repeatedly noted - "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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I M
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JAZZ
- NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
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$42.70 |
+0.95
2.28%
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$43.21
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$44.05
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-3.06% |
502,135
57.85%
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868,000
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Most Recent Note for JAZZ - 9/2/2011 12:22:05 PM
Holding its ground after reaching a new all-time high this week following a choppy 5-week consolidation that was not recognized as a sound base pattern. There is no overhead supply remaining to act as resistance. Reported earnings +193% on +59% sales revenues for the quarter ended June 30, 2011. Technically it found support near prior highs during its quiet consolidation after noted in the 7/14/11 mid-day report when rising from a cup-with-handle pattern. FY '10 was its first ever profitable year, while the A criteria calls for a strong 3-5 year earnings growth history. Recent quarterly comparisons showed greatly improved sales revenues and earnings increases. The Medical - Ethical Drugs firm rose 80-fold from its low of $0.52 in April 2009. Ownership by top-rated funds rose from 117 in Jun '10 to 244 in Jun '11, a reassuring sign concerning the I criteria.
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LQDT
- NASDAQ - INTERNET - Internet Software &; Services
Liquidity Services Inc
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$30.49 |
-0.81
-2.59%
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$31.26
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$31.83
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-4.21% |
564,733
187.99%
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300,400
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Most Recent Note for LQDT - 9/2/2011 12:23:55 PM
Holding its ground following a considerable volume-driven gain on the prior session. It blasted to new 52-week and all-time highs on news it will buy operations from Jacobs Trading for up to $170 Million. LQDT slumped below its 50 DMA line since last noted in the 8/03/11 mid-day report when hitting its prior high -"Its sub par fundamentals are below the investment system guidelines. On 2/28/08 it was dropped from the CANSLIM.net Featured Stocks list and fundamentals subsequently turned south."
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NEM
- NYSE - METALS & MINING - Gold
Newmont Mining Corp
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$64.42 |
+1.95
3.12%
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$64.48
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$65.50
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-1.65% |
4,704,781
61.75%
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7,619,600
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Most Recent Note for NEM - 9/2/2011 12:32:44 PM
Small gap up today amid widespread strength and leadership (L criteria) in the Mining - Gold/Silver/Gems group. Earnings history over the past 3 quarterly comparisons is not a match with the fact-based investment system's guidelines. Prior mid-day reports noted - "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
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$13.53 |
+0.04
0.30%
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$13.76
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$13.79
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-1.89% |
3,180,502
83.01%
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3,831,300
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Most Recent Note for NGD - 9/2/2011 12:33:32 PM
Still stubbornly holding its ground perched at its 52-week high today with no resistance remaining due to overhead supply. It is extended from prior highs in the $11 area that define chart support 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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RIC
- AMEX - METALS & MINING - Gold
Richmont Mines Inc
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$11.05 |
-0.05
-0.45%
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$11.51
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$11.51
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-4.00% |
629,598
141.51%
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444,900
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Most Recent Note for RIC - 9/2/2011 12:36:30 PM
Touched another new high today. Held its ground after technically breaking out on 8/30/11 with a considerable volume-driven gain 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 old 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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SJR
- NYSE - MEDIA - CATV Systems
Shaw Communications Cl B
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$21.57 |
-0.52
-2.35%
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$21.65
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$23.24
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-7.19% |
121,076
59.64%
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203,000
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Most Recent Note for SJR - 9/2/2011 12:39:03 PM
Gapped down today, under its 50 DMA line and falling toward its 200 DMA line. The 8/21/11 mid-day report noted - "Good annual earnings (A criteria) history, but its quarter ended May 31, 2011 was the first comparison in 6 quarters to finally show an earnings increase above the +25% guideline. Ownership by top-rated funds fell from 546 in Sep '10 to 514 in Jun '11."
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TAC
- NYSE - UTILITIES - Electric Utilities
Transalta Corp
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$22.56 |
-0.13
-0.57%
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$22.70
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$22.80
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-1.05% |
33,444
80.98%
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41,300
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Most Recent Note for TAC - 9/2/2011 12:40:24 PM
Hit a new 52-week high on the prior session and it is hovering near its high today. Prior mid-day reports repeatedly 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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UGP
- NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Ultrapar Participaco Adr
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$17.83 |
-0.34
-1.87%
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$18.10
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$18.96
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-5.96% |
282,067
89.29%
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315,900
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Most Recent Note for UGP - 9/2/2011 12:41:28 PM
Perched within close striking distance of its 52-week high today. The 9/01/11 mid-day report noted - "Rebounded in recent weeks from below 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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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.
Any recommendation contained in this report may not
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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are the property of their respective owners, and are
likewise used for identification purposes only.
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