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 MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 9TH, 2011
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DOW 10997.92 -297.89 (-2.64%) | NASDAQ 2463.79 -65.35 (-2.58%) | S&P 500 1155.37 -30.53 (-2.57%)
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Time of Screening :
9/9/2011 12:01:51 PM Report Released :
9/9/2011 12:52:34 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 |
JCOM
- NASDAQ
J 2 Global Inc
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$30.69
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-1.08
-3.40%
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$31.45
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502,666
129.85% of 50 DAV
50 DAV is 387,100
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$32.64
-5.97%
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8/8/2011 |
$30.38
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PP = $29.31
MB = $30.78 |
Most Recent Note - 9/9/2011 12:27:01 PM
G - Gapped down today, now slumping -7.4% off its 52-week high. Previous highs in the $30-31 area define initial chart support to watch.
>>> 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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$65.17
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-1.53
-2.29%
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$67.51
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176,777
63.70% of 50 DAV
50 DAV is 277,500
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$68.05
-4.23%
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8/30/2011 |
$63.01
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PP = $62.37
MB = $65.49 |
Most Recent Note - 9/9/2011 12:32:38 PM
G - Hovering near its "max buy" level today, slightly extended from its prior base. On its pullback following last week's technical breakout the prior highs acted as support. A subsequent close under its old high close ($61.54 on 8/03/11) would completely negate the recent technical breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2011. Click here.
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ACC
- NYSE - REAL ESTATE - REIT - Residential
Amer Campus Communities
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$38.86 |
-0.63
-1.60%
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$39.26
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$39.80
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-2.36% |
464,622
62.07%
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748,600
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Most Recent Note for ACC - 9/9/2011 12:03:14 PM
Earnings history is not a match with the fact-based investment system's guidelines.
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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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$17.09 |
-0.30
-1.74%
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$17.47
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$17.47
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-2.19% |
9,026,903
75.84%
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11,903,300
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Most Recent Note for AUY - 9/9/2011 12:05:17 PM
Holding its ground near its 52-week high today, on track for a 6th consecutive weekly gain and 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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A N
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BJ
- NYSE - Retail-Discount&Variety
BJs Wholesale Club Hldgs
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$50.95 |
+0.04
0.08%
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$51.00
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$52.46
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-2.88% |
2,040,166
64.61%
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3,157,800
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Most Recent Note for BJ - 9/9/2011 12:06:02 PM
Consolidating in tight range since 6/29/11 news it is to be acquired by Leonard Green Partners and CVC for $51.25 per shares. Unimpressive sales growth and annual earnings history (A criteria) are concerns, while its latest quarterly earnings increase of +26% on +10% sales revenues for the April '11 period was its first comparison above the +25% earnings guideline in years.
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CPA
- NYSE - TRANSPORTATION - Regional Airlines
Copa Holdings Sa
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$66.91 |
-0.90
-1.33%
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$67.84
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$70.56
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-5.17% |
164,311
58.96%
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278,700
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Most Recent Note for CPA - 9/9/2011 12:06:35 PM
Reported earnings +52% on +41% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Found support above its 200 DMA line during its consolidation since noted in the 7/11/11 mid-day report - "Sales revenues and earnings have improved in the 2 most recent quarterly comparisons (Dec '10 and Mar '11) after a streak of negative or weak comparisons. This Panama-based airline is at its 52-week high and within close striking distance of its 2007 all-time high ($73.33). Annual earnings (the A criteria) growth has been good, and increasing institutional ownership (the I criteria) is an encouraging sign."
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DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$34.43 |
-0.57
-1.63%
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$34.92
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$37.13
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-7.27% |
15,452,286
853.76%
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1,809,900
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Most Recent Note for DG - 9/9/2011 12:09:12 PM
Abruptly pulling back with above average volume behind losses after reaching a new 52-week high on Wednesday. Recently cleared resistance in the $35 area may now act as a support level. 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 8/29/11 the mid-day report 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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$22.72 |
-0.01
-0.04%
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$22.98
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$23.14
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-1.82% |
498,277
120.12%
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414,800
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Most Recent Note for DLLR - 9/9/2011 12:10:49 PM
Consolidating above its 50 and 200 DMA lines and perched within close striking distance of its 52-week high. Noted in prior mid-day reports - "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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GFI
- NYSE - METALS & MINING - Gold
Gold Fields Ltd Adr
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$16.93 |
+0.31
1.87%
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$17.07
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$18.70
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-9.47% |
2,873,683
60.85%
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4,722,600
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Most Recent Note for GFI - 9/9/2011 12:12:44 PM
Consolidating above its 50 and 200 DMA lines, still perched -9.5% off its 52-week high. The company's recent sales revenues and earnings history has improved, but its up and down annual earnings (A criteria) history is a fundamental concern.
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HITK
- NASDAQ - DRUGS - Drugs - Generic
Hi Tech Pharmacal
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$30.42 |
-0.50
-1.62%
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$31.44
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$32.83
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-7.34% |
114,590
59.43%
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192,800
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Most Recent Note for HITK - 9/9/2011 12:18:58 PM
Gains this week helped it approach its 52-week high, but it has not formed a sound base pattern. Recent quarterly comparisons have shown strong sales revenues and earnings increases (good C criteria). Losses in FY '07 & '08 are a flaw concerning the investment system's A criteria, and consensus estimates call for earnings -8% in FY '12 and -9% in FY '13.
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IAG
- NYSE - METALS & MINING - Gold
Iamgold Corp
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$22.47 |
-0.43
-1.88%
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$23.16
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$23.38
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-3.89% |
2,369,102
86.83%
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2,728,400
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Most Recent Note for IAG - 9/9/2011 12:20:34 PM
Perched within close striking distance of its 52-week high today. 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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ITC
- NYSE - UTILITIES - Electric Utilities
I T C Holdings Corp
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$72.57 |
-1.43
-1.93%
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$73.53
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$77.26
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-6.07% |
192,069
57.96%
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331,400
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Most Recent Note for ITC - 9/9/2011 12:25:36 PM
Slumping to its 50 DMA line today. This Utility -Electric Power firm undercut its 200 DMA line in early August then rebounded and impressively rallied to reach a new 52-week high before retreating. Prior mid-day reports cautioned - "Fundamentals are below the C and A criteria (earnings growth guidelines)."
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MCD
- NYSE - LEISURE - Restaurants
Mcdonalds Corp
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$84.68 |
-3.93
-4.44%
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$86.46
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$91.22
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-7.17% |
8,696,979
120.06%
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7,244,100
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Most Recent Note for MCD - 9/9/2011 12:28:45 PM
Gapped down today, violating its 50 DMA line, slumping -7.5% off its 52-week high hit on 8/30/11. In prior mid-day reports it was repeatedly noted - "The global burger giant's stock is viewed as a "safe haven" and longtime favorite for some institutional investors, however, with 1.04 billion shares outstanding it is unlikely to be a sprinter capable of many-fold price increases. Earnings increases in the quarterly comparisons have not met the +25% minimum guideline, and sales revenues increases have been sub par."
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RIC
- AMEX - METALS & MINING - Gold
Richmont Mines Inc
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$11.79 |
-0.24
-2.00%
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$12.13
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$12.13
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-2.80% |
353,729
73.11%
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483,800
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Most Recent Note for RIC - 9/9/2011 12:37:13 PM
Perched near its all-time high today, extended from prior highs in the $10 area after a spurt of volume-driven gains. 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
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$19.25 |
+0.68
3.66%
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$20.19
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$20.19
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-4.66% |
249,167
158.30%
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157,400
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Most Recent Note for STMP - 9/9/2011 12:38:28 PM
Touched a new 52-week high today, and it has been holding its ground stubbornly 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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TAC
- NYSE - UTILITIES - Electric Utilities
Transalta Corp
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$21.93 |
-0.52
-2.32%
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$22.29
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$22.80
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-3.82% |
28,105
65.67%
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42,800
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Most Recent Note for TAC - 9/9/2011 12:39:55 PM
Consolidating since hitting its 52-week high last week. Prior mid-day reports 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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TJX
- NYSE - RETAIL - Discount, Variety Stores
T J X Cos Inc
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$52.01 |
-1.00
-1.89%
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$52.99
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$56.78
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-8.40% |
2,216,545
60.86%
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3,642,000
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Most Recent Note for TJX - 9/9/2011 12:41:28 PM
Consolidating below its 50 DMA line and slumping near its 200 DMA line. Prior mid-day reports noted - "Quarterly and annual earnings history has been below the fact-based investment system's guidelines."
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ULTA
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Ulta Salon Cosm & Frag
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$66.21 |
+6.45
10.78%
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$66.82
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$68.80
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-3.77% |
2,019,427
251.14%
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804,100
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Most Recent Note for ULTA - 9/9/2011 12:50:00 PM
Considerable gap up gain today with heavy volume helped it blast above its 50 DMA line after reporting earnings +52% on +23% sales revenues for the quarter ended July 31, 2011 versus the year ago period. It has not formed a sound base pattern, yet it is quickly rebounding following a deep consolidation near its 200 DMA line after it was dropped from the Featured Stocks list on 8/04/11. It rallied +200% since first featured in yellow at $22.81 in the 3/12/10 mid-day report.
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UN
- NYSE - FOOD & BEVERAGE - Food - Major Diversified
Unilever N V Ny Shrs
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$31.29 |
-0.85
-2.64%
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$31.86
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$34.27
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-8.70% |
2,774,441
77.55%
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3,577,500
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Most Recent Note for UN - 9/9/2011 12:51:43 PM
Gapped down today and slumped under its 200 DMA line. Prior mid-day reports repeatedly noted - "Annual and quarterly earnings history have been below guidelines."
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WPZ
- NYSE - CHEMICALS - Specialty Chemicals
Williams Partners Lp
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$53.77 |
+0.28
0.52%
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$54.36
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$56.61
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-5.02% |
289,279
89.45%
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323,400
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Most Recent Note for WPZ - 9/9/2011 12:52:15 PM
This MLP rebounded after slumping back to its 200 DMA line in recent weeks while enduring damaging distributional action. Prior mid-day reports noted - "Sales and earnings history (fundamentals) are been below guidelines of the fact-based 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.
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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