Mid-Day Breakouts Report - Tuesday, October 19th, 2010

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 19TH, 2010
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DOW 11019.27 -124.42 (-1.12%) | NASDAQ 2450.55 -30.11 (-1.21%) | S&P 500 1173.44 -11.27 (-0.95%)

Time of Screening : 10/19/2010 12:12:32 PM Report Released : 10/19/2010 1:43:16 PM
Price is: Above 52W High and Less Than 52W High but within 7% of the 52 Week High
Volume Is: At least 75% 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
BIDU - NASDAQ Baidu Inc Ads	$101.96	-1.44 -1.40%	$102.38	8,609,984 87.14% of 50 DAV 50 DAV is 9,880,600	$107.19 -4.88%	9/17/2010	$85.73	PP = $88.42 MB = $92.84
Most Recent Note - 10/19/2010 12:48:15 PM G - A solid gain with above average volume fell short of a new high close by only 42 cents on the prior session. After 3 very tight weekly closes, the nearest support is prior highs and its 50 DMA line in the $88-90 area. Due to report earnings on Thursday, 10/21/10. >>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.
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SLW - NYSE Silver Wheaton Corp	$26.57	-1.33 -4.77%	$27.40	5,230,370 85.51% of 50 DAV 50 DAV is 6,116,400	$28.39 -6.41%	8/25/2010	$21.40	PP = $21.99 MB = $23.09
Most Recent Note - 10/19/2010 1:29:42 PM G - Gapped down today amid widespread losses in the Mining - Gold/Silver/Gems group. Now trading -7% off its 52 week high, its 50 DMA line defines chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$312.15	-5.85 -1.84%	$313.77	$319.00	-2.15%	28,115,958 151.48%	18,560,300
Most Recent Note for AAPL - 10/19/2010 12:25:56 PM Trading up from early lows after gapping down today following its latest strong earnings results for the quarter ended September 30, 2010. It is extended from its April-June highs after a streak of 10 consecutive gains. If a proper base forms AAPL may be added to the Featured Stocks list again. Members should regularly review that page of most action-worthy ideas to find the best buy candidates.
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ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$7.68	+0.05 0.66%	$7.78	$7.78	-1.29%	108,343 76.35%	141,900
Most Recent Note for ACET - 10/19/2010 12:27:02 PM Still hovering near its 52-week high. Noted in recent mid-day reports - "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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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$20.27	-0.73 -3.48%	$20.89	$21.05	-3.71%	546,061 84.01%	650,000
Most Recent Note for ALGN - 10/19/2010 12:34:38 PM Consolidating from its 52-week high above prior chart highs in the $20 area after the previously noted 7-month cup shaped pattern. Recent quarterly comparisons (C criteria) show strong sales and earnings increases with impressive acceleration, but its annual earnings (A criteria) history has been erratic. The Medical - Supplies group is currently low ranked (Group RS rating is 48), which is bad news concerning the L criteria.
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CBST - NASDAQ - DRUGS - Drug Manufacturers - Other Cubist Pharmaceuticals	$23.87	-1.38 -5.47%	$24.18	$25.48	-6.32%	1,607,257 323.46%	496,900
Most Recent Note for CBST - 10/19/2010 12:49:29 PM Gapped down today. Sales and earnings history are below guidelines of the fact-based system.
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DAR - NYSE - Agricultural Operations Darling International	$9.80	-0.22 -2.20%	$9.91	$10.19	-3.83%	384,170 84.75%	453,300
Most Recent Note for DAR - 10/19/2010 12:51:46 PM Holding its ground after a recent streak of volume-driven gains to a new 52-week high. Sales and earnings history are below the investment system's guidelines.
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EC - NYSE - ENERGY - Independent Oil & Gas Ecopetrol Sa Adr	$47.18	-1.01 -2.10%	$47.66	$48.79	-3.30%	398,789 161.13%	247,500
Most Recent Note for EC - 10/19/2010 12:58:57 PM Small gap down today from an all-time high. After a recent streak of volume-driven gains it 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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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$84.95	+0.65 0.77%	$85.25	$85.25	-0.35%	1,493,928 93.22%	1,602,600
Most Recent Note for ETN - 10/19/2010 1:00:44 PM Hit a new 52-week high today. Erratic sales and earnings history is a concern.
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$16.05	-0.35 -2.13%	$16.41	$16.80	-4.46%	224,860 100.16%	224,500
Most Recent Note for GPOR - 10/19/2010 1:07:51 PM Consolidating and holding its ground stubbornly after a gap up on 10/15/10 for a new 52-week high. Recent mid-day report appearances have followed a long hiatus. It was dropped from the Featured Stocks list on 11/8/07, very soon after it had been featured in the October '07 CANSLIM.net News (read here). Interestingly, it completed another Public Offering on 5/14/10 and at least one other offering following the three that are visible on its chart in the old report. Cynical analysts might ask how many times this OK-based Oil/Gas firm might "go to the well" for more investor money.
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$21.77	+0.31 1.42%	$21.83	$21.99	-1.00%	252,783 100.99%	250,300
Most Recent Note for NTCT - 10/19/2010 1:09:52 PM Hovering near new multi-year highs after recent gains lacking great volume conviction. No overhead supply remains to act as resistance. Noted in recent mid-day reports - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$19.67	-1.10 -5.30%	$20.42	$20.88	-5.80%	296,599 116.86%	253,800
Most Recent Note for OPLK - 10/19/2010 1:14:07 PM Gapped down today, enduring more distributional pressure. Pulling back toward prior highs, today's gap down creates an "island reversal" type pattern formed after the gap up gain on 9/30/10 with very heavy volume. 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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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$75.82	+3.40 4.69%	$78.71	$78.71	-3.67%	3,311,608 203.62%	1,626,400
Most Recent Note for PH - 10/19/2010 1:20:34 PM This giant machinery firm did not do much since it was last noted in the 11/08/07 mid-day report. A "breakaway gap" today for a new 52-week high looks good technically, but its annual earnings history (A criteria) has not been strong and steady for the last 3-5 years. Recent earnings and sales improved substantially following negative quarterly comparisons versus the year-ago periods.
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles Polaris Industries Inc	$72.94	+3.42 4.92%	$73.00	$73.24	-0.41%	831,334 254.78%	326,300
Most Recent Note for PII - 10/19/2010 1:22:48 PM Considerable gain with heavy volume today for a new 52-week high. Surging this week after noted in recent mid-day report when it quietly touched new highs - "Following a 5-month flat base during which its 200 DMA line acted as support. It has been consolidating since gapping up on 4/20/10 and 4/21/10 with powerful gains on heavy volume. The 2 latest quarterly comparisons show improving sales and earnings increases, but its prior quarterly results and annual earnings (A criteria) history are below guidelines."
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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$62.44	-3.01 -4.59%	$62.85	$66.65	-6.32%	2,027,198 84.86%	2,388,800
Most Recent Note for RIO - 10/19/2010 1:25:02 PM Gapped down today, consolidating this week up after surging to new 52-week highs. Recent quarters showed improving sales revenues and earnings after a bad streak of negative quarterly comparisons versus the year ago period. Since it was noted on 4/22/08 a downturn in its FY '09 earnings has marred its previously good annual earnings (A criteria) history.
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$15.50	-0.33 -2.08%	$15.98	$16.22	-4.44%	26,177 112.35%	23,300
Most Recent Note for SILC - 10/19/2010 1:26:21 PM This Israeli manufacturer of Computer- Networking devices hit a new 52-week high this week and stubbornly held its ground after recent volume-driven gains. Noted in recent mid-day reports - "Sales and earnings history are below the fact-based investment system's guidelines."
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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$8.90	-0.55 -5.82%	$9.06	$9.48	-6.12%	1,497,830 119.31%	1,255,400
Most Recent Note for SVM - 10/19/2010 1:31:45 PM Gapped down today. Noted in recent mid-day reports - "This low-priced Canadian mining company's considerable gain today with heavy volume for a new 52-week high may catch the eye of some technical traders. Its 4 latest quarterly comparisons show strong sales revenues and earnings increases following negative comparisons in the prior 4 quarters. Last noted in the 5/13/10 mid-day report after a then recent surge to new highs, then it subsequently slumped below its 200 DMA line before rebounding impressively. Poor annual earnings (A criteria) history is a fundamental concern."
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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$38.50	-0.16 -0.41%	$38.51	$40.53	-5.01%	571,507 77.01%	742,100
Most Recent Note for TSCO - 10/19/2010 1:42:36 PM Today marks its first time noted since the mid-day report on 2/28/06. Recent quarterly comparisons show strong earnings (good C criteria) with sales revenues gradually accelerating from +2-13%. It is quietly consolidating toward its 50 DMA line after recently rallying to a new all-time high. It was long ago featured in the June '03 CANSLIM.net News.
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UGP - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Ultrapar Participaco Adr	$62.20	-1.21 -1.91%	$62.26	$66.14	-5.96%	65,212 75.65%	86,200
Most Recent Note for UGP - 10/19/2010 1:34:29 PM Enduring mild distributional pressure after a steady streak of gains to new 52-week highs. It is still well above its 50 DMA line and extended from any sound base. Noted in prior mid-day reports - "This Brazilian Oil and Gas - Refining/Marketing firm showed strong sales and earning increases in recent quarterly comparisons versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady."
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