Mid-Day Breakouts Report - Thursday, September 22nd, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 22ND, 2011
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DOW 10755.4 -369.44 (-3.32%) | NASDAQ 2460.25 -77.94 (-3.07%) | S&P 500 1133.14 -33.62 (-2.88%)

Time of Screening : 9/22/2011 12:27:40 PM Report Released : 9/22/2011 1:24:06 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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

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
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
AAPL - NASDAQ Apple Inc	$402.91	-9.23 -2.24%	$409.82	16,659,944 74.83% of 50 DAV 50 DAV is 22,262,600	$422.86 -4.72%	9/16/2011	$399.14	PP = $404.60 MB = $424.83
Most Recent Note - 9/22/2011 12:30:52 PM Y - Pulling back near its prior highs and pivot point amid widespread market weakness today. Recent rally to a new all-time high was not marked by very heavy volume. It is already heavily owned by the institutional crowd, and ownership by top-rated funds fell from 4,367 in Mar '11 to 4,345 in Jun '11. >>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2011. Click here.
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CELG - NASDAQ Celgene Corp	$62.33	-1.47 -2.30%	$62.54	3,394,807 83.38% of 50 DAV 50 DAV is 4,071,300	$65.86 -5.36%	9/16/2011	$61.21	PP = $62.59 MB = $65.72
Most Recent Note - 9/22/2011 12:50:18 PM Y - Trading near the session high after a gap down today amid widespread market weakness. It abruptly pulled back near previously stubborn resistance in the $62 area which may act as a support level. >>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2011. Click here.
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DMND - NASDAQ Diamond Foods Inc	$90.35	-1.57 -1.70%	$91.73	232,946 76.60% of 50 DAV 50 DAV is 304,100	$96.13 -6.02%	9/13/2011	$75.57	PP = $80.16 MB = $84.17
Most Recent Note - 9/22/2011 12:59:58 PM G - Holding its ground near its all-time high today, extended from its latest sound base pattern. Prior highs in the $80 area define initial chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2011. Click here.
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V - NYSE Visa Inc Cl A	$88.53	-2.89 -3.16%	$90.00	4,090,085 68.75% of 50 DAV 50 DAV is 5,948,900	$94.75 -6.56%	9/20/2011	$93.91	PP = $90.93 MB = $95.48
Most Recent Note - 9/22/2011 1:20:12 PM Y - Up from earlier lows after a gap down today amid widespread market weakness. It raised concerns by abruptly diving back into its prior base and testing support at its 50 DMA line. See the latest FSU analysis for more details and an annotated daily graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABT - NYSE - DRUGS - Drug Manufacturers - Major Abbott Laboratories	$50.35	-1.39 -2.69%	$50.99	$54.24	-7.17%	5,106,054 60.43%	8,449,500
Most Recent Note for ABT - 9/22/2011 12:32:15 PM Gapped down today violating its 50 DMA line and testing its 200 DMA line. Sub par sales and earnings history.
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AGN - NYSE - DRUGS - Drug Manufacturers - Other Allergan Inc	$80.50	-0.95 -1.17%	$81.30	$85.74	-6.11%	1,551,991 75.82%	2,047,000
Most Recent Note for AGN - 9/22/2011 12:33:40 PM Reported earnings +13% on +14% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Rebounded in recent weeks to challenge its 52-week high after undercutting its 200 DMA line during its consolidation since noted in the 6/22/11 mid-day report - "It has shown steady annual earnings growth, but quarterly earnings and sales increases have repeatedly been reported below guidelines through the Mar '11 quarter."
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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$316.66	-6.13 -1.90%	$320.37	$333.99	-5.19%	287,740 67.77%	424,600
Most Recent Note for AZO - 9/22/2011 12:36:01 PM Pulling back today for a 3rd consecutive loss after steadily rallying into new high territory and getting extended from any sound base. It was noted in recent mid-day reports after testing support near its 200 DMA line in August - "Reported +28% earnings on +9% sales revenues for the quarter ended April 30, 2011. Its 4 latest quarterly comparisons (C criteria) showed earnings increases above the +25% minimum guideline while sales revenues increases were in the +1-13% range and gradually accelerating. It is heavily owned by mutual funds already, yet top-rated funds owning shares rose from 1,051 in Dec '10 to 1,118 in Jun '11, a somewhat reassuring sign concerning the I criteria. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership."
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BBBY - NASDAQ - RETAIL - Home Furnishing Stores Bed Bath & Beyond Inc	$58.18	+0.70 1.22%	$59.19	$60.91	-4.48%	3,182,944 110.66%	2,876,300
Most Recent Note for BBBY - 9/22/2011 12:48:26 PM Hovering near its 52-week high and bucking a negative market today. There is no remaining resistance due to overhead supply. Reported earnings +33% on +8% sales revenues for the quarter ended August 31, 2011 versus the year ago period. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since noted in the 6/24/11 mid-day report - "Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria."
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BJ - NYSE - Retail-Discount&Variety BJs Wholesale Club Hldgs	$51.02	-0.03 -0.06%	$51.07	$52.46	-2.74%	1,375,129 63.99%	2,149,000
Most Recent Note for BJ - 9/22/2011 12:49:00 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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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$328.51	-4.74 -1.42%	$334.74	$346.78	-5.27%	944,721 95.14%	993,000
Most Recent Note for CMG - 9/22/2011 12:52:12 PM Holding its ground after reaching a new all-time high this week with volume-driven gains. Found support above its 200 DMA line during its consolidation since fundamental concerns prompted it to be dropped from the Featured Stocks list on 8/02/11. Reported earnings per share +12% on +22% sales revenues for the quarter ended June 30, 2011 versus the year ago period, marking its 2nd consecutive quarterly comparison with earnings below the +25% guideline.
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CMS - NYSE - UTILITIES - Diversified Utilities C M S Energy Corp	$19.40	-0.66 -3.29%	$19.96	$20.83	-6.87%	2,468,227 73.22%	3,370,900
Most Recent Note for CMS - 9/22/2011 12:57:04 PM Pulling back abruptly to its 50 DMA line with 2 consecutive losses after rallying and hitting a new 52-week high this week. Sales revenues show minimal growth and its quarterly earnings were only better than the +25% guideline in 1 of the past 3 quarterly comparisons versus the year ago periods.
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DG - NYSE - RETAIL - Discount, Variety Stores Dollar General Corp	$36.65	-0.43 -1.16%	$37.54	$38.59	-5.03%	1,560,321 63.29%	2,465,400
Most Recent Note for DG - 9/22/2011 12:59:00 PM Consolidating well above prior chart highs after reaching a new 52-week high last week following a Secondary Offering completed on 9/08/11. 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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ITC - NYSE - UTILITIES - Electric Utilities I T C Holdings Corp	$74.95	-1.75 -2.28%	$75.30	$78.78	-4.86%	189,039 58.33%	324,100
Most Recent Note for ITC - 9/22/2011 1:06:06 PM Small gap down today after wedging up on light volume to hit new all-time highs this week. 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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PRA - NYSE - INSURANCE - Property & Casualty Insurance Proassurance Corp	$69.97	-0.08 -0.11%	$70.81	$73.39	-4.66%	112,796 62.39%	180,800
Most Recent Note for PRA - 9/22/2011 1:07:27 PM Consolidating near its 50 DMA line still today, and now perched only -4.5% off its 52-week high. Prior mid-day reports noted - "Recently rallied above its 2008 high ($71.16) to reach new all-time high territory. Annual earnings (A criteria) history has been steady but estimates are calling for -15% earnings for FY '11. Quarterly comparisons show earnings increases near the +25% guideline but sub par sales growth is a concern."
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RGLD - NASDAQ - METALS & MINING - Gold Royal Gold Inc	$77.71	-3.01 -3.73%	$78.61	$83.87	-7.34%	606,544 62.67%	967,800
Most Recent Note for RGLD - 9/22/2011 1:12:28 PM Gapped down today, yet it is well up from earlier lows. Some resistance exists up through the $83 area due to overhead supply after trading higher in recent weeks. Recent mid-day reports noted - "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. 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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RL - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Ralph Lauren Corp Cl A	$143.76	-3.07 -2.09%	$145.10	$154.62	-7.02%	1,643,812 108.63%	1,513,200
Most Recent Note for RL - 9/22/2011 1:16:46 PM Gapped down today amid widespread market weakness, pulling back near prior resistance in the $141 area which it recently had cleared with the help of a few volume-driven gains. It had promptly rebounded after undercutting its prior lows and its 200 DMA line when last noted in the 8/17/11 mid-day report - "Reported earnings +57% on +32% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Prior quarterly comparisons were not consistently strong and above the +25% guidelines, however it has maintained a good annual earnings (A criteria) history."
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$55.70	-0.79 -1.40%	$57.04	$59.72	-6.73%	2,424,277 61.77%	3,924,800
Most Recent Note for TJX - 9/22/2011 1:18:44 PM Pulling back for a 2nd session since hitting a new 52-week high with a considerable streak of 7 consecutive gains marked by above average volume. On 9/16/11 it cleared an orderly base during which it found support above its 200 DMA line, yet the mid-day report noted - "Quarterly and annual earnings history has been below the fact-based investment system's guidelines."
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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$34.86	-1.04 -2.90%	$35.18	$37.48	-6.99%	238,502 93.20%	255,900
Most Recent Note for WES - 9/22/2011 1:21:56 PM Slumping below its 50 and testing its 200 DMA line after a gap down today. The new Public Offering completed on 9/20/11 came after just challenging its all-time high on the prior session. This Master Limited Partnership's quarterly earnings and sales revenues growth history are below guidelines of the fact-based investment system.
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WPZ - NYSE - CHEMICALS - Specialty Chemicals Williams Partners Lp	$53.94	-1.67 -2.99%	$55.60	$57.32	-5.91%	222,432 63.50%	350,300
Most Recent Note for WPZ - 9/22/2011 1:23:45 PM This MLP is pulling back today following a negative reversal after reaching a new all-time high on the prior session. 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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