Mid-Day Breakouts Report - Tuesday, September 6th, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, SEPTEMBER 6TH, 2011
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DOW 11054.61 -185.65 (-1.65%) | NASDAQ 2443.56 -36.77 (-1.48%) | S&P 500 1154.76 -19.21 (-1.64%)

Time of Screening : 9/6/2011 12:06:58 PM Report Released : 9/6/2011 1:36:46 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	$53.53	+0.66 1.25%	$54.96	$55.74	-3.96%	8,565,343 93.02%	9,208,100
Most Recent Note for ABX - 9/6/2011 12:09:22 PM Today's 3rd consecutive gain has it rallying within close striking distance of its 52-week high. Leadership in the Mining - Gold/Silver/gems group (L criteria) is a reassuring sign. Recent quarterly comparisons showed strong sales and earnings growth, however its annual earnings (A criteria) history has been up and down.
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$16.87	+0.04 0.24%	$17.44	$17.44	-3.27%	10,578,523 91.46%	11,565,900
Most Recent Note for AUY - 9/6/2011 12:11:51 PM Today's 3rd consecutive gain helped it hit another new 52-week high. It has tallied 5 consecutive weekly gains and it is extended from any sound base pattern. 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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DEO - NYSE - FOOD & BEVERAGE - Beverages - Brewers Diageo Plc Ads	$78.09	-2.45 -3.04%	$78.45	$85.53	-8.70%	756,178 91.89%	822,900
Most Recent Note for DEO - 9/6/2011 12:16:50 PM It is trading below its closely coinciding 50 DMA and 200 DMA lines after a gap down today. Annual earnings (A criteria) history has been below the fact-based system's guidelines, and its quarterly comparisons have not shown strong sales revenues and earnings increases matching the winning models from the book "How to Make Money in Stocks".
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$21.27	+0.42 2.01%	$22.12	$22.12	-3.84%	4,246,675 90.37%	4,699,000
Most Recent Note for EGO - 9/6/2011 12:18:56 PM Hitting new 2011 and all-time highs with today's 5th consecutive gain, rallying amid recent strength in the Mining - Gold/Silver/Gems group (L criteria). Prior mid-day reports noted - "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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FIZZ - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks National Beverage Corp	$15.55	-0.11 -0.70%	$15.67	$16.60	-6.32%	38,379 69.53%	55,200
Most Recent Note for FIZZ - 9/6/2011 12:28:07 PM Pulling back near its 50 DMA line today after spiking to a new 52-week high with recent volume-driven gains. Prior mid-day reports noted - "Fundamentals are still sub par today. Quarterly sales revenues increases in the +1-6% range for the past 8 comparisons versus the year ago period are an indication there has not been great growth in demand for its products."
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GG - NYSE - METALS & MINING - Gold Goldcorp Inc	$54.62	-0.09 -0.16%	$56.07	$56.20	-2.81%	4,714,151 60.74%	7,761,300
Most Recent Note for GG - 9/6/2011 12:29:42 PM Challenging its 52-week high with today's 3rd consecutive gain. It rebounded above its 50 DMA line with volume-driven gains after a recent slump below its 200 DMA line since 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	$110.20	+2.20 2.04%	$113.31	$114.50	-3.76%	1,092,716 113.56%	962,200
Most Recent Note for GOLD - 9/6/2011 12:35:02 PM Gapped up today. It has recently been consolidating after spiking to a new all-time high and tallying 9 consecutive weekly gains. It has no overhead supply remaining to act as resistance. This UK-headquartered firm in the Mining - Gold/Silver/Gems group appeared in 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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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$147.15	-1.25 -0.84%	$148.09	$161.21	-8.72%	414,181 61.66%	671,700
Most Recent Note for GWW - 9/6/2011 12:37:30 PM Consolidating today near its 50 DMA line and just above its 200 DMA line. Prior mid-day reports noted - "No overhead supply remains to act as resistance. Sales revenues have been +12-19% and earnings increases above the +25% guideline for the past 4 comparisons through Mar '11 versus the year ago period(s). The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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IAG - NYSE - METALS & MINING - Gold Iamgold Corp	$22.10	+0.68 3.17%	$22.15	$23.38	-5.47%	1,997,976 74.57%	2,679,200
Most Recent Note for IAG - 9/6/2011 12:45:45 PM Trading up near a prior high and -5.3% off its 52-week high with today's 3rd consecutive gain. The 3 latest quarterly reports through Jun '11 showed great increases in sales revenues and earnings over the year ago periods, but its prior performance had been erratic. It survived but failed to impress since late 2009 when it was noted - "Completed an additional stock offering on 3/10/09 following an impressive rally from its $2.22* October bottom."*
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$31.01	+0.96 3.18%	$31.44	$31.83	-2.59%	215,524 68.73%	313,600
Most Recent Note for LQDT - 9/6/2011 12:46:55 PM Holding its ground following a considerable volume-driven gain on 9/01/11. 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 had slumped below its 50 DMA line since 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	$64.36	+0.19 0.30%	$65.77	$65.77	-2.14%	6,264,550 81.26%	7,709,700
Most Recent Note for NEM - 9/6/2011 12:53:11 PM Touched a new all-time high today amid widespread strength and leadership (L criteria) in the Mining - Gold/Silver/Gems group. Prior mid-day reports noted - "Earnings history over the past 3 quarterly comparisons is not a match with the fact-based investment system's guidelines. 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	$13.45	-0.10 -0.74%	$13.91	$13.91	-3.31%	3,973,529 102.42%	3,879,800
Most Recent Note for NGD - 9/6/2011 12:54:14 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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PRGO - NYSE - DRUGS - Drug Related Products Perrigo Co Plc	$89.90	+0.03 0.03%	$90.18	$97.29	-7.60%	445,556 60.38%	737,900
Most Recent Note for PRGO - 9/6/2011 12:58:16 PM Consolidating near its 50 DMA line now after a positive reversal following a gap down. It is -7% off its 52-week high, and that old high was hit on 11/30/11 as the mid-day report 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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RGLD - NASDAQ - METALS & MINING - Gold Royal Gold Inc	$80.38	+1.41 1.78%	$82.98	$82.98	-3.14%	718,450 87.28%	823,200
Most Recent Note for RGLD - 9/6/2011 12:59:32 PM It hit yet another new all-time high today. Several leaders in the recently strong Mining - Gold/Silver/Gems group (L criteria) are perched near all-time highs with no resistance remaining to hinder their progress. RGLD was noted in prior mid-day reports - "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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RIC - AMEX - METALS & MINING - Gold Richmont Mines Inc	$10.95	-0.27 -2.41%	$11.44	$11.51	-4.87%	376,448 82.70%	455,200
Most Recent Note for RIC - 9/6/2011 1:02:46 PM Perched near its all-time 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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STMP - NASDAQ - Retail-Internet Stamps.com Inc	$18.51	-0.73 -3.79%	$18.92	$19.95	-7.22%	128,286 85.47%	150,100
Most Recent Note for STMP - 9/6/2011 1:06:52 PM Pulling back from its 52-week high following considerable gains last week with above average volume. There was a brief consolidation above prior highs after an earlier "breakaway gap" on 7/29/11. Prior mid-day reports noted - "Earnings increased by +125% on +26% sales revenues for the quarter ended June 30, 2011. Showing impressive sequential acceleration in recent quarterly comparisons, but prior quarterly comparisons showed lackluster sales revenues increases well below the +25% guideline, leaving some fundamental concerns."
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SXL - NYSE - ENERGY - Oil & Gas Pipelines Sunoco Logistics Ptnr Lp	$83.00	-1.59 -1.88%	$83.55	$91.03	-8.82%	85,049 116.35%	73,100
Most Recent Note for SXL - 9/6/2011 1:09:43 PM This MLP is slumping below its 50 and 200 DMA lines. It recently rebounded above both moving averages after damaging distribution pressured it to 2011 lows. Quarterly and annual earnings growth (C and A criteria) have been below the fact-based investment system's guidelines.
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TAC - NYSE - UTILITIES - Electric Utilities Transalta Corp	$21.87	-0.44 -1.97%	$22.00	$22.80	-4.08%	33,264 79.39%	41,900
Most Recent Note for TAC - 9/6/2011 1:13:29 PM Pulling back near its 50 DMA line after a gap down today. Hit its 52-week high last week as the 9/02/11 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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TRP - NYSE - UTILITIES - Foreign Utilities Transcanada Corp	$42.55	-0.48 -1.12%	$42.57	$45.09	-5.63%	460,946 59.44%	775,500
Most Recent Note for TRP - 9/6/2011 1:14:18 PM Still consolidating near its 50 DMA line today. Prior mid-day reports noted - "Rebounded back above its 50 and 200 DMA lines after enduring damaging distribution in early-August. Worrisome pattern of lower highs and lower lows in recent months remains a concern, technically. Fundamentally, its quarterly and annual earnings history has been below the investment system guidelines."
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UGP - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Ultrapar Participaco Adr	$17.13	-0.58 -3.27%	$17.38	$18.96	-9.65%	274,422 84.96%	323,000
Most Recent Note for UGP - 9/6/2011 1:16:17 PM Gapped down under its 50 DMA line today. It was perched within close striking distance of its 52-week high after a gap up as 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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UN - NYSE - FOOD & BEVERAGE - Food - Major Diversified Unilever N V Ny Shrs	$32.49	-0.98 -2.93%	$32.75	$34.27	-5.19%	2,394,112 70.20%	3,410,200
Most Recent Note for UN - 9/6/2011 1:27:11 PM Gapped down under its 50 DMA line today, slumping -5.2% off its 52-week high. Prior mid-day reports repeatedly noted - "Annual and quarterly earnings history have been below guidelines."
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VIFL - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Food Technology Service	$7.49	-0.04 -0.48%	$7.93	$7.93	-5.55%	27,607 129.61%	21,300
Most Recent Note for VIFL - 9/6/2011 1:35:58 PM Perched near its 52-week high today after a recent spurt of volume-driven gains helped it rally from its 200 DMA line. This low-priced company hailing from the Agricultural Operations industry group has shown minuscule quarterly revenues (less than one million) even though recent comparisons show improved sales revenues and earnings increases. Prior sales revenues and earnings history has been erratic and below the fact-based investment system's guidelines.
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