Mid-Day Breakouts Report - Wednesday, October 20th, 2010

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 20TH, 2010
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DOW 11125.87 147.25 (1.34%) | NASDAQ 2462.43 25.48 (1.05%) | S&P 500 1181.74 15.84 (1.36%)

Time of Screening : 10/20/2010 12:47:42 PM Report Released : 10/20/2010 1:55:59 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

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	$312.75	+3.26 1.05%	$314.25	$319.00	-1.96%	14,666,880 77.07%	19,031,400
Most Recent Note for AAPL - 10/20/2010 12:52:00 PM Trading up today after finishing up from early lows on the prior session following a gap down. Results for the quarter ended September 30, 2010 were very strong. Technically, 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 stay abreast of the best buy candidates under the fact-based investment system.
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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$20.67	+0.39 1.92%	$21.19	$21.15	-2.27%	1,864,298 283.89%	656,700
Most Recent Note for ALGN - 10/20/2010 12:57:05 PM Gapped up today and touched a new 52-week high. While recently consolidating, in prior mid-day reports it was noted -"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 47), which is bad news concerning the L criteria."
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BGCP - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa B G C Partners Inc Cl A	$6.86	+0.22 3.31%	$6.95	$6.97	-1.58%	535,799 120.73%	443,800
Most Recent Note for BGCP - 10/20/2010 1:02:50 PM Hit a new 52-week high today following a 6-month cup shaped base on top of a prior base which it was clearing when last noted in the 3/04/10 mid-day report. The 3 latest quarterly comparisons show earnings increases above the +25% guideline, but this Finance - Investment Bankers/Brokers firm's prior quarterly and annual earnings history (A criteria) fall below the investment system guidelines.
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CYD - NYSE - MANUFACTURING - Diversified Machinery China Yuchai Intl Ltd	$20.84	+1.04 5.25%	$20.95	$21.90	-4.84%	241,749 111.20%	217,400
Most Recent Note for CYD - 10/20/2010 1:18:23 PM Endured distributional pressure on 10/19/10, pulling back from its new 52-week high. It found support near its 200 DMA line since it was last noted in the 4/30/10 mid-day report. Once again, no overhead supply remains to act as resistance, but the $22 area acted as a resistance level in the past. This Singapore-based maker of diesel engines for trucks and busses in China also went through a deep correction since noted in the mid-day report on 1/12/10. - "Up and down annual earnings (A criteria) leaves fundamental concerns."
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$86.29	+2.88 3.45%	$86.63	$86.60	-0.36%	2,066,637 129.10%	1,600,800
Most Recent Note for ETN - 10/20/2010 1:21:31 PM Hitting another new 52-week high with a considerable gain today following a negative reversal on the prior session. Recent quarters show improving sales and earnings, however in the 10/19/10 mid-day report it was noted - "Erratic sales and earnings history is a concern."
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FSRV - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Firstservice Corp	$25.17	-0.07 -0.28%	$25.30	$26.40	-4.66%	48,126 161.50%	29,800
Most Recent Note for FSRV - 10/20/2010 1:23:06 PM This Canadian Real Estate firm has been recently churning lots of volume and looking distributional while pulling back from its 52 week high toward prior highs . A streak of volume-driven gains was noted in recent mid-day reports as it was observed - "Historic earnings and sales revenues have been below guidelines of the fact-based investment system."
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GPOR - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati Gulfport Energy Corp	$16.14	+0.28 1.78%	$16.33	$16.80	-3.92%	215,585 92.96%	231,900
Most Recent Note for GPOR - 10/20/2010 1:24:03 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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KWR - NYSE - CHEMICALS - Specialty Chemicals Quaker Chemical	$37.69	+1.08 2.95%	$37.85	$38.16	-1.23%	130,268 111.63%	116,700
Most Recent Note for KWR - 10/20/2010 1:27:47 PM Approaching its 52-week high today after a gap up. Earnings news is due on Wednesdays, October 27, 2010. Now near its prior peak when it was last noted in the 8/02/10 mid-day report - "With no overhead supply remaining to act as resistance, it is on the right side of a 15-week cup shaped pattern, and today marks its 3rd consecutive gain backed by above average volume. Its up and down annual earnings (A criteria) is a concern. Since last noted in the 4/26/10 mid-day report its Mar and Jun '10 comparisons showed solid sales revenues and earnings increases versus the year ago period like the previously noted, 'Big increases in the quarter ended Dec 31, 2009.'"
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LNN - NYSE - MANUFACTURING - Farm & Construction Machinery Lindsay Corporation	$56.38	+7.08 14.36%	$56.81	$56.81	-0.76%	410,611 240.69%	170,600
Most Recent Note for LNN - 10/20/2010 1:31:38 PM Considerable gain today with heavy volume for a new 52-week high following strong earnings results. Considerable gains with above average volume helped it clear a cup-with-handle type base pattern while in recent mid-day reports it was noted - "Recent quarters showed improvements, its sales revenues and earnings growth history (C and A criteria) remain below guidelines of the fact-based investment system."
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LPSN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Liveperson Inc	$8.83	+0.16 1.79%	$8.95	$8.99	-1.84%	274,305 80.46%	340,900
Most Recent Note for LPSN - 10/20/2010 1:33:15 PM It is still churning near its 52-week high after mid-day reports recently noted - "Quarterly earnings per share have been below the +25%* guideline and its annual earnings (A criteria) history has been erratic, including a decrease in FY '08 earnings versus the year earlier."*
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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$70.47	+0.84 1.21%	$70.84	$70.98	-0.72%	106,860 79.27%	134,800
Most Recent Note for MIDD - 10/20/2010 1:34:05 PM Earnings and sales growth history below guidelines.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$101.13	+10.14 11.14%	$101.30	$102.62	-1.45%	1,079,681 499.85%	216,000
Most Recent Note for NVO - 10/20/2010 1:40:36 PM Headlines are swirling over FDA approval of certain drugs while this Denmark-based Medical - Ethical Drug firm is having a wild week with 2 big gaps down followed by a big gap up today. The latest action is indicative of prompt institutional support near its prior chart highs and 50 DMA line. Noted in recent 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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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$75.92	+0.84 1.12%	$76.41	$78.71	-3.54%	1,555,919 95.48%	1,629,500
Most Recent Note for PH - 10/20/2010 1:42:40 PM Holding its ground today after a "breakaway gap" for a new 52-week high was noted on the prior session. It 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. This giant machinery firm did not do much since it was noted in the 11/08/07 mid-day report.
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SJI - NYSE - UTILITIES - Gas Utilities South Jersey Industries	$50.42	+0.18 0.36%	$50.59	$50.99	-1.12%	113,551 84.68%	134,100
Most Recent Note for SJI - 10/20/2010 1:44:11 PM Holding its ground near its 52-week high after its recent rally following a 10-week consolidation. Latest quarter showed better sales revenues and earnings increases, but this gas utility firm's prior history has been below guidelines.
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SLH - NYSE - REAL ESTATE - REIT - Hotel/Motel Solera Holdings Inc	$45.55	+1.41 3.18%	$45.66	$45.66	-0.25%	314,114 76.41%	411,100
Most Recent Note for SLH - 10/20/2010 1:46:55 PM Considerable gain today for new 52-week high. In the 9/22/10 mid-day report it was noted - "No overhead supply remains to act as resistance. It has a strong annual earnings (A criteria) history and showed very strong earnings per share increases in recent quarters, but its sub par sales revenues growth is a concern."
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ST - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Sensata Technologies Hdg	$20.95	-0.13 -0.62%	$21.35	$21.35	-1.87%	405,666 157.72%	257,200
Most Recent Note for ST - 10/20/2010 1:52:21 PM Strong quarterly earnings and sales increases satisfy the C criteria. It has formed a 6-month cup shaped base with no handle and has not convincingly cleared its prior resistance level in the $21 area. Prior to its $18 IPO on 3/11/10 its showed operating losses (not a good A criteria).
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SYNT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Syntel Inc	$47.99	+0.20 0.42%	$48.09	$49.63	-3.30%	70,638 82.81%	85,300
Most Recent Note for SYNT - 10/20/2010 1:53:45 PM Consolidating near its 52 week high, enduring some distributional pressure. Noted in recent mid-day reports - "Sales revenues improved in recent quarterly comparisons but its earnings history does not match favorably with the C and A criteria."
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VAR - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Varian Medical Systems	$61.56	+0.16 0.26%	$62.00	$62.60	-1.66%	998,070 99.03%	1,007,800
Most Recent Note for VAR - 10/20/2010 1:55:37 PM Encountering mild distributional pressure, yet staying perched near its 52-week high. In the 9/27/10 mid-day report it was noted - "Recently rallied from a near 6-month base. Sales revenues and earnings increases have been below guidelines in its quarterly comparisons while it has maintained a slow and steady annual earnings history."
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