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 MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 7TH, 2011
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DOW 11178.13 54.8 (0.49%) | NASDAQ 2474.67 -32.15 (-1.28%) | S&P 500 1164.73 -0.24 (-0.02%)
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Time of Screening :
10/7/2011 12:03:51 PM Report Released :
10/7/2011 12:34:14 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CHL
- NYSE - TELECOMMUNICATIONS - Wireless Communications
China Mobile Ltd Adr
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$46.59 |
-2.80
-5.67%
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$47.52
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$53.87
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-13.51% |
1,305,835
64.49%
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2,024,900
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Most Recent Note for CHL - 10/7/2011 12:06:49 PM
Gapped down today and violated its 200 DMA line. Last noted in the 9/27/11 mid-day report - "It has a sub par earnings and sales revenues growth history. Large supply of 4 billion shares outstanding would typically make a stock unlikely to be a big mover unless there was immense institutional buying demand."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DLTR
- NASDAQ - RETAIL - Discount, Variety Stores
Dollar Tree Inc
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$77.59 |
+1.14
1.48%
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$79.23
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$79.35
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-2.22% |
1,125,198
63.13%
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1,782,400
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Most Recent Note for DLTR - 10/7/2011 12:14:34 PM
Holding its ground near its 52-week high after wedging higher without great volume conviction this week. Tight closes in on its weekly graph have formed a "3-weeks tight" type pattern while volume totals have recently cooled. However, it is a riskier "late-stage" setup and the M criteria remains a concern until a follow-through day from at least one of the major averages confirms a new rally. Reported earnings +26% on +12% sales for the quarter ended July 31, 2011 versus the year ago period. Prior mid-day reports noted - "Good annual earnings history and quarterly earnings increases above the +25% meet the investment system's C and A guidelines, however sales revenues have shown just steady increases in the +12-14% range."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ITC
- NYSE - UTILITIES - Electric Utilities
I T C Holdings Corp
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$71.21 |
-2.44
-3.31%
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$73.65
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$78.89
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-9.74% |
801,594
219.67%
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364,900
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Most Recent Note for ITC - 10/7/2011 12:16:45 PM
Slumping under its 50 DMA and sinking near its 200 DMA line today. It hit its all-time high on 9/30/11 as the mid-day report noted - "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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NUAN
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Nuance Communications
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$21.80 |
-0.10
-0.43%
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$22.10
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$22.93
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-4.93% |
2,172,225
80.32%
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2,704,300
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Most Recent Note for NUAN - 10/7/2011 12:21:11 PM
Perched within striking distance of its 52-week high recent volume-driven gains. Earnings history is below the guidelines of the fact-based system. It failed to make progress then badly slumped and violated its 50 and 200 DMA lines with damaging volume-driven losses since noted in the 5/17/11 mid-day report - "It survived but failed to impress since last noted when weak action prompted it to be dropped from the Featured Stocks list on 12/12/07."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PSMT
- NASDAQ - RETAIL - Drug Stores
Pricesmart Inc
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$69.55 |
+3.17
4.78%
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$71.75
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$75.16
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-7.46% |
266,467
79.40%
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335,600
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Most Recent Note for PSMT - 10/7/2011 12:27:31 PM
Rebounded impressively this week after violating its 50 DMA line with Monday's damaging loss. Choppy trading in recent weeks is not recognized as a sound base pattern. Damaging losses backed by above average volume in the past week raised concerns and triggered technical sell signals. Based on weak action it was dropped from the Featured Stocks list on 10/03/11.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SIMO
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
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$13.20 |
+0.71
5.68%
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$13.35
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$14.00
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-5.71% |
330,926
59.28%
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558,200
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Most Recent Note for SIMO - 10/7/2011 12:29:33 PM
Perched within close striking distance of its 52-week high today. Reported earnings +233% on +59% sales revenues for the quarter ended June 30, 2011 versus the year ago period. It slumped near its 200 DMA line during a deep consolidation since noted in the 5/27/11 mid-day report - "Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 7/26/07."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$25.36 |
+1.57
6.60%
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$25.68
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$25.68
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-1.25% |
479,769
141.36%
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339,400
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Most Recent Note for STMP - 10/7/2011 12:33:19 PM
Hitting another new 52-week high with today's 4th consecutive gain backed by above average volume since finding support above its 50 DMA line. It is extended from its prior base following an earlier "breakaway gap" on 7/29/11 while prior mid-day reports have repeatedly 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UL
- NYSE - FOOD & BEVERAGE - Food - Major Diversified
Unilever Plc
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$31.69 |
-0.16
-0.50%
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$31.74
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$34.55
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-8.28% |
1,461,669
67.25%
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2,173,600
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Most Recent Note for UL - 10/7/2011 12:33:56 PM
Prior mid-day reports noted - "Annual and quarterly earnings history have been below guidelines."
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A N
S L
I M
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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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