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 MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 4TH, 2010
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DOW 10724.25 -105.43 (-0.97%) | NASDAQ 2336.76 -33.99 (-1.43%) | S&P 500 1134.1 -12.14 (-1.06%)
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Time of Screening :
10/4/2010 11:53:42 AM Report Released :
10/4/2010 1:03:32 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 |
ASPS
- NASDAQ
Altisource Ptf Sltns Sa
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$30.40
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-0.24
-0.78%
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$30.68
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77,570
65.08% of 50 DAV
50 DAV is 119,200
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$31.35
-3.03%
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9/23/2010 |
$28.36
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PP = $28.90
MB = $30.35 |
Most Recent Note - 10/4/2010 11:59:58 AM
G - Quietly consolidating since last noted on 9/30/10 - "Patient and disciplined investors may watch for light volume pullbacks while avoiding chasing stocks extended more than +5% above prior highs. This Luxembourg-based Financial Services firm has been strong since featured 9/23/10 in the mid-day report. "
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EBIX
- NASDAQ
Ebix Inc
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$23.89
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+0.66
2.82%
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$24.13
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320,825
60.26% of 50 DAV
50 DAV is 532,400
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$24.60
-2.91%
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9/23/2010 |
$21.78
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PP = $22.74
MB = $23.88 |
Most Recent Note - 10/4/2010 12:07:34 PM
G - Holding its ground stubbornly following a streak of consecutive gains with heavy volume. Perched near all-time highs, it could go on to produce more climactic gains, but it is extended from an ideal base. Recent highs near $20 define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FFIV
- NASDAQ
F 5 Networks Inc
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$104.24
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+0.95
0.92%
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$106.66
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927,668
57.68% of 50 DAV
50 DAV is 1,608,400
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$107.30
-2.85%
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6/16/2010 |
$74.50
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PP = $74.10
MB = $77.81 |
Most Recent Note - 10/4/2010 12:08:53 PM
G - Holding its ground near all-time highs, recently enduring some distributional pressure. A steep upward trendline connecting July-August lows defines an initial chart support level above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UFPT
- NASDAQ
U F P Tech Inc
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$12.61
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+0.12
0.95%
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$12.88
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62,681
123.15% of 50 DAV
50 DAV is 50,900
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$12.88
-2.14%
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9/16/2010 |
$11.20
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PP = $11.69
MB = $12.27 |
Most Recent Note - 10/4/2010 12:48:03 PM
G - Hit another new 52-week high today, and its color code is changed to green after rallying beyond its "max buy" level. Its most recent gain helped trigger a technical buy signal while volume was +180% above average. No resistance remains due to overhead supply. With only 6.21 million shares outstanding (S criteria) any institutional buying or selling can lead to great price volatility. Few institutional investors (I criteria) own its shares, but the number of top-rated funds has increased from 6 in Sep '09 to 10 in Jun '10.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2010. Click here.
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Company Profile |
SEC |
News |
Chart | C
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 |
CEO
- NYSE - ENERGY - Independent Oil & Gas
C N O O C Ltd Adr
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$202.55 |
+6.16
3.14%
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$204.74
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$204.74
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-1.07% |
203,839
101.67%
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200,500
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Most Recent Note for CEO - 10/4/2010 12:01:55 PM
This Chinese Oil and Gas Exploration/Production firm gapped up today for a new 52-week high. Held its ground stubbornly and continued to rally since last noted in the 9/13/10 mid-day report - "Spiking toward its 2008-2007 highs in the $206-218 area."
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SEC |
News |
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A N
S L
I M
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IDCC
- NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Interdigital Inc
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$29.75 |
-0.44
-1.46%
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$30.66
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$30.66
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-2.97% |
320,327
75.51%
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424,200
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Most Recent Note for IDCC - 10/4/2010 12:18:34 PM
Following volume-driven gains last week, it hit yet another new 52-week high today, then reversed into the red. Recent quarterly comparisons showed strong earnings (C criteria) and sales revenues increases, but its annual earnings (A criteria) history has not been strong and steady.
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SEC |
News |
Chart | C
A N
S L
I M
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JOSB
- NASDAQ - RETAIL - Apparel Stores
Jos A Bank Clothiers Inc
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$43.14 |
+0.06
0.14%
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$43.77
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$44.12
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-2.22% |
304,547
85.16%
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357,600
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Most Recent Note for JOSB - 10/4/2010 12:26:11 PM
It has formed a long flat and very orderly base and is perched only -2% off its 52-week high today. The $43-44 area has been a stubborn resistance level. The Retail - Clothing/Shoe firm has a good annual earnings (the A criteria) history. In 3 of the past 4 quarters its earnings increases were above the +25% guideline, however with sales revenues growth only in the +8-12% range.
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SEC |
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A N
S L
I M
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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$97.01 |
-2.26
-2.28%
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$97.50
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$99.75
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-2.75% |
193,497
94.30%
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205,200
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Most Recent Note for NVO - 10/4/2010 12:27:36 PM
This Denmark-based Medical - Ethical Drug firm gapped down today, following last week's surge to new all-time highs. Noted recently and in a few of July's mid-day reports - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. Quarterly comparisons show sales and earnings increases mostly below guidelines of the fact-based investment system."
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A N
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I M
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OPLK
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Oplink Communications
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$19.47 |
-0.28
-1.42%
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$19.91
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$20.44
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-4.75% |
177,555
92.09%
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192,800
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Most Recent Note for OPLK - 10/4/2010 12:29:39 PM
Holding its ground after a gap up gain on 9/30/10 with very heavy volume while clearing its latest base and reaching new multi-year highs. Noted in prior mid-day reports - "Sales revenues rose +9% and +20% in the Mar and Jun '10 quarters after a streak of negative comparisons, meanwhile it has produced earnings increases well above the +25% guideline in 4 consecutive quarterly comparisons, satisfying the C criteria. Annual earnings (A criteria) have not grown steadily, yet it has earned high ranks."
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A N
S L
I M
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RVBD
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Riverbed Technology Inc
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$47.29 |
-0.01
-0.02%
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$48.15
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$48.21
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-1.91% |
1,165,639
66.37%
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1,756,400
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Most Recent Note for RVBD - 10/4/2010 12:30:54 PM
Hit another new 52-week high today. Noted in recent mid-day reports, it remains- "Extended from any sound base after rallying from support above its 50 DMA line. The San Francisco, CA-based firm in the Computer-Networking industry is a strong turn-around story, but the downward turn in FY '08 hurts its annual earnings (A criteria) track record."
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A N
S L
I M
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TRS
- NASDAQ - MANUFACTURING - Diversified
Trimas Corp
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$15.05 |
-0.48
-3.10%
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$15.68
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$15.69
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-4.09% |
172,161
76.62%
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224,700
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Most Recent Note for TRS - 10/4/2010 12:39:38 PM
Today it is abruptly reversing the prior session's volume-driven gain. It has a history of healthy base-on-base type patterns over the past year. Noted in prior mid-day reports - "It is up more than 10-fold from a low below $1.00 in March '09. Quarterly and annual sales and earnings history is below guidelines of the fact-based system."
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A N
S L
I M
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WIT
- NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Wipro Ltd Adr
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$15.39 |
-0.25
-1.60%
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$15.81
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$15.81
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-2.66% |
334,347
80.12%
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417,300
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Most Recent Note for WIT - 10/4/2010 12:58:09 PM
Pulling back today after spiking to a new 52-week high and technically breaking out on the prior session. No overhead supply remains to act as resistance, but it has a large supply of 2.44 Billion shares outstanding, making it not a likely sprinter. Recent quarterly comparisons showed earnings increases above the +25% guideline, satisfying the C criteria. Sales revenues increases in the +10-21% are an improvement after a patch of weaker or negative comparisons. Its annual earnings (A criteria) history has also been mostly strong and steady. This Indian IT firm was was dropped from the Featured Stocks list on 2/28/07 and it subsequently sank from $17.51 to as low as $5.04 before rebounding.
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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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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