Mid-Day Breakouts Report - Thursday, October 7th, 2010

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 7TH, 2010
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DOW 10919.44 -48.21 (-0.44%) | NASDAQ 2376.83 -3.83 (-0.16%) | S&P 500 1153.71 -6.26 (-0.54%)

Time of Screening : 10/7/2010 12:02:52 PM Report Released : 10/7/2010 1:34:03 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...

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
NEM - NYSE Newmont Mining Corp	$62.70	-2.03 -3.13%	$65.17	5,095,579 82.12% of 50 DAV 50 DAV is 6,205,300	$65.50 -4.28%	8/31/2010	$61.32	PP = $63.48 MB = $66.65
Most Recent Note - 10/7/2010 1:01:57 PM Y - Loss today with higher volume raises concerns, sinking under its pivot point again after stalling just shy of its best-ever close. While leadership in the Mining - Gold/Silver/Gems group (L criteria) is a nice reassurance, its Relative Strength rank (81) and RS line have been waning for several weeks. It churned a lot of volume but made little price progress since first featured in a Stock Bulletin on 6/22/10 (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2010. Click here.
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SHOO - NASDAQ Steven Madden Limited	$43.87	+0.82 1.90%	$44.42	476,671 106.88% of 50 DAV 50 DAV is 446,000	$44.42 -1.24%	9/15/2010	$38.94	PP = $40.27 MB = $42.28
Most Recent Note - 10/7/2010 1:18:50 PM G - Touched another new 52-week high today. Prior highs in the $40 area define chart support to watch now. Color code was changed to green after getting extended more than +5% above its prior highs. >>> The latest Featured Stock Update with an annotated graph appeared on 9/29/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$7.47	+0.45 6.47%	$7.49	$7.50	-0.34%	265,447 237.22%	111,900
Most Recent Note for ACET - 10/7/2010 12:14:38 PM Rallying to a new 52-week high with today's big gain on heavy volume leading to a technical breakout. This low-priced stock has an up and down annual earnings (A criteria) history. Recent quarterly comparisons show improving sales revenues and earnings after a streak of 5 negative comparisons.
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ADTN - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Adtran Inc	$35.50	-0.55 -1.53%	$36.58	$36.85	-3.66%	536,091 60.08%	892,300
Most Recent Note for ADTN - 10/7/2010 12:19:14 PM Enduring some distributional pressure, it negatively reversed on the prior session after hitting a new 52 week high. No overhead supply remains to act as resistance. It has been recently noted in mid-day reports - "Extended from a sound and very bullish base-on-base chart pattern it cleared in recent weeks. Recent quarters show improving sales and earnings increases after negative comparisons in '09. Annual earnings (A criteria) have been up and down and below the guidelines of the fact-based system's guidelines."
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AEM - NYSE - METALS & MINING - Gold Agnico Eagle Mines Ltd	$71.63	-2.52 -3.40%	$74.37	$74.43	-3.76%	2,071,351 99.81%	2,075,300
Most Recent Note for AEM - 10/7/2010 12:21:37 PM Pulling back today, it was noted in the 10/06/10 mid-day report - "Rallying near its 52 week high toward multi-year highs. Recent quarterly sales revenues and earning increases have been very strong after a streak of negative comparisons. Its annual earnings (A criteria) history has also been up and down, not strong and steady. See the high-ranked leaders in the Mining - Gold/Silver/Gems group (L criteria) currently listed on the Featured Stocks page."
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BCPC - NASDAQ - CHEMICALS - Agricultural Chemicals Balchem Corp	$31.12	-0.54 -1.71%	$31.86	$31.97	-2.66%	86,355 78.50%	110,000
Most Recent Note for BCPC - 10/7/2010 12:23:59 PM Extended from prior highs in the $28 area, consolidating after recent volume-driven gains. Noted in recent mid-day reports - "It has a good annual earnings (A criteria) history, but quarterly earnings growth in the 2 latest comparisons (Mar and Jun '10 versus the year ago periods) was below the +25% guideline. Sales revenues increases have been sub par but improving."
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BORN - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill China New Borun Corp Ads	$12.35	+1.13 10.07%	$12.43	$12.43	-0.64%	697,383 114.12%	611,100
Most Recent Note for BORN - 10/7/2010 12:25:33 PM Gapped up and hit a new 52-week high today. Noted in the 10/01/10 mid-day report - "This Chinese Beverages - Alcoholic firm has shown strong sales and earnings increases. While it faces no resistance, recent action has been erratic and it is extended from any sound base after its $7.00 IPO on 6/11/10. Wider intra-day swings in recent sessions may be considered signs of uncertainty."
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DAVE - NASDAQ - LEISURE - Restaurants Famous Dave's Of America	$10.34	+0.21 2.05%	$10.44	$10.44	-0.96%	32,614 134.77%	24,200
Most Recent Note for DAVE - 10/7/2010 12:28:38 PM Gapped up and hit another new 52-week high today after a technical breakout and strong finish on the prior session. Noted in the 9/29/10 mid-day report - "Having built another long base since last noted on 4/12/10 in the mid-day report after rising from an orderly 10-month flat base with multiple gains backed by above average volume - 'Sales and earning history are below the investment system's guidelines.'"
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DD - NYSE - CHEMICALS - Chemicals - Major Diversified Dupont De Nemours & Co	$45.90	+0.03 0.07%	$46.05	$46.02	-0.26%	3,707,848 57.58%	6,439,600
Most Recent Note for DD - 10/7/2010 12:33:03 PM Hovering near its 52-week high today, its stubbornly held its ground and inched higher since noted in the 9/17/10 mid-day report - "Recent quarterly comparisons show impressive sales and earnings increases, however its annual earnings (A criteria) history has not shown the strong steady growth required under the fact-based system's guidelines. Its 906 million shares outstanding make is an unlikely sprinter. Most of the biggest winning model stocks had a small supply (S criteria) of 30 million shares or less."
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EC - NYSE - ENERGY - Independent Oil & Gas Ecopetrol Sa Adr	$44.89	-1.43 -3.09%	$46.53	$46.57	-3.61%	265,622 116.14%	228,700
Most Recent Note for EC - 10/7/2010 12:36:36 PM Hit another new all-time high today then reversed into the red. After a recent streak of volume-driven gains its is well above its 50 DMA line. Noted in recent mid-day reports - "Very extended from a sound base after clearing resistance at the $30 level. Colombian Oil and Gas - Integrated firm reported strong sales and earnings increases for the quarter ended June 30, 2010 versus the year earlier period. Recent quarterly comparisons have shown great improvement, but its prior quarterly and annual earnings history has been below guidelines of the fact-based system."
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FSRV - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Firstservice Corp	$25.89	+0.16 0.61%	$25.98	$25.98	-0.36%	22,240 100.63%	22,100
Most Recent Note for FSRV - 10/7/2010 12:38:36 PM This Canadian Real Estate firm inched higher again to yet another new 52 week high today, adding to its recent streak of volume-driven gains. Noted in recent mid-day reports - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$49.63	-1.15 -2.26%	$50.98	$51.99	-4.54%	671,861 58.88%	1,141,000
Most Recent Note for ILMN - 10/7/2010 12:44:39 PM Pulling back on light volume since noted in 10/05/10 mid-day report - "No overhead supply remains to hinder its progress after gapping up today for a considerable gain, hitting new 52-week and multi-year highs. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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MCRS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Micros Systems Inc	$42.75	+0.03 0.07%	$42.91	$43.67	-2.11%	407,431 97.78%	416,700
Most Recent Note for MCRS - 10/7/2010 12:53:01 PM Perched near its 52-week high, enduring mild distributional pressure and stubbornly holding its ground above prior chart highs in the $37-38 area while steadily rising since its 8/27/10 breakaway gap. No overhead supply remains to act as resistance. Noted in prior mid-day reports - "Its recent quarterly comparisons showed improving sales revenues and earnings increases after a streak of negative comparisons. It sank as lows as $13.34 from $29.91 when it was dropped from the Featured Stocks list on 5/01/08."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$19.62	-0.57 -2.82%	$20.22	$20.57	-4.62%	286,185 139.67%	204,900
Most Recent Note for OPLK - 10/7/2010 1:07:10 PM Enduring distributional pressure, pulling back toward prior highs. Previously noted a gap up gain on 9/30/10 with very heavy volume as it cleared its latest base and hit 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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SAPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Sapient Corporation	$12.10	-0.21 -1.71%	$12.38	$12.69	-4.65%	623,441 64.56%	965,700
Most Recent Note for SAPE - 10/7/2010 1:17:19 PM Gains with above average volume helped it recently rally to new multi-year highs, however its quarterly and annual earnings (C and A criteria) track record falls below guidelines of the fact-based system. Based on weak action it was dropped from the Featured Stocks list on 9/29/08 at $7.06 and subsequently fell to $3.25 before rebounding (see here).
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$14.49	-0.12 -0.82%	$14.93	$15.24	-4.92%	19,541 81.76%	23,900
Most Recent Note for SILC - 10/7/2010 1:23:50 PM This Israeli manufacturer of Computer- Networking devices is extended from any sound base. It has stubbornly held its ground after recent volume-driven gains, consolidating since hitting another new 52-week high when noted in the 10/05/10 mid-day report - "Sales and earnings history are below the fact-based investment system's guidelines."
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SSL - NYSE - ENERGY - Independent Oil & Gas Sasol Ltd Adr	$47.13	-0.60 -1.26%	$48.16	$48.16	-2.14%	216,313 83.87%	257,900
Most Recent Note for SSL - 10/7/2010 1:25:08 PM Hit another new 52-week high today then reversed into the red. Noted in the mid-day report on 10/06/10 - "Adding to a recent streak of gains into new high ground. This big South-African Oil and Gas - Refining/Marketing firm's sales revenues and earnings increases improved in the 2 most recent quarters after a streak of 4 negative quarterly comparisons."
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TRMB - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Trimble Navigation Ltd	$34.92	+0.19 0.55%	$35.11	$36.10	-3.27%	346,822 60.30%	575,200
Most Recent Note for TRMB - 10/7/2010 1:29:35 PM Today marks the first time it has been noted since 10/29/07. Recent comparisons show improving sales revenues and earnings, but its quarterly and annual earnings growth (C and A criteria) has been below guidelines of the fact-based investment system. No overhead supply remains to hinder its progress.
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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$28.30	+0.23 0.82%	$28.30	$28.35	-0.18%	97,330 62.43%	155,900
Most Recent Note for WES - 10/7/2010 1:33:23 PM Since last noted in the 8/10/10 mid-day report it found support near its 50 DMA line in August and has been steadily inching to new 52-week highs with consistent small gains. This Master Limited Partnership's quarterly earnings and sales revenues growth history are below guidelines of the investment system.
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