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 MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 21ST, 2010
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DOW 11140.7 32.73 (0.29%) | NASDAQ 2457.9 0.51 (0.02%) | S&P 500 1180.24 2.07 (0.18%)
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Time of Screening :
10/21/2010 12:04:28 PM Report Released :
10/21/2010 1:09:22 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...
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 |
CMG
- NYSE
Chipotle Mexican Grill
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$182.30
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+1.55
0.86%
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$182.99
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526,752
86.41% of 50 DAV
50 DAV is 609,600
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$184.47
-1.18%
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9/1/2010 |
$158.31
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PP = $155.52
MB = $163.30 |
Most Recent Note - 10/21/2010 12:25:27 PM
G - Holding its ground near all-time highs, extended from a sound base pattern. Earnings news is due after the close today. Its 50 DMA line (now $165.86) defines chart support above its prior highs in the $155 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2010. Click here.
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A N
S L
I M
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NFLX
- NASDAQ
Netflix Inc
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$171.72
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+18.57
12.13%
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$174.94
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10,315,376
184.13% of 50 DAV
50 DAV is 5,602,200
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$174.94
-1.84%
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8/10/2010 |
$124.05
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PP = $124.00
MB = $130.20 |
Most Recent Note - 10/21/2010 12:51:12 PM
G - Hit a new high today while trading heavy volume after a considerable gap up gain following strong earnings news for the quarter ended September 30, 2010. NFLX has not formed a sound base pattern and is trading near prior highs that were marked by an ugly "negative reversal" on 9/30/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2010. Click here.
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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 |
ALGN
- NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Align Technology Inc
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$20.85 |
-0.23
-1.09%
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$21.40
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$21.40
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-2.57% |
711,553
105.29%
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675,800
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Most Recent Note for ALGN - 10/21/2010 12:13:31 PM
Perched at its new 52-week high. 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 46), which is bad news concerning the L criteria."
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A N
S L
I M
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AMZN
- NASDAQ - INTERNET - Internet Software & Services
Amazon.com Inc
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$164.18 |
+5.51
3.47%
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$166.13
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$166.13
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-1.17% |
4,931,753
84.02%
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5,869,700
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Most Recent Note for AMZN - 10/21/2010 12:16:53 PM
Gapped up today and hit a new high. While posting a big gain with heavy volume, in the 10/15/10 mid-day report it was noted - "Fundamentals remain very strong with respect to the C and A criteria, and technically there is no resistance remaining due to overhead supply. It is ideal for investors watchlists, however the short consolidation in recent weeks does not appear to be a sound base pattern, while in time it may form a proper base. Based on weak action it was dropped from the Featured Stocks list on 5/06/10, and after a subsequent trip below its 200 DMA line it recently rallied to new all-time highs. AMZN was featured in the 4/23/10 mid-day report (read here) while it was encountering distributional pressure following strong results for the March 31, 2010 quarter."
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A N
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I M
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BGCP
- NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa
B G C Partners Inc Cl A
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$6.97 |
+0.09
1.31%
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$7.09
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$7.09
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-1.69% |
476,844
108.45%
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439,700
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Most Recent Note for BGCP - 10/21/2010 12:18:35 PM
Inched up to another new 52-week high today, making a second consecutive mid-day report appearance 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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CATM
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
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$16.50 |
+0.17
1.04%
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$16.60
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$16.60
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-0.60% |
314,739
82.80%
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380,100
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Most Recent Note for CATM - 10/21/2010 12:20:16 PM
Touched a new high today then reversed into the red. In the 10/18/10 mid-day report it was noted - "Inching higher from stubborn resistance in the $15 area, and no overhead supply remains to hinder its progress. For the quarter ended June 30, 2010 it reported +53% earnings on +7% sales versus the year ago period, continuing its solid earnings trend. Sales revenues were reported in the -4% to +11% range for the past 7 comparisons, however, leaving fundamental concerns. It found support well above its 200 DMA line but endured heavy distribution since noted in the mid-day report on 4/30/10 following a Secondary Offering completed 3/31/10. Another Secondary Offering was just completed on 8/18/10."
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I M
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CRR
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Carbo Ceramics Inc
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$84.22 |
-0.36
-0.43%
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$85.65
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$85.65
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-1.67% |
245,242
94.54%
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259,400
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Most Recent Note for CRR - 10/21/2010 12:30:32 PM
Hitting new all-time highs today and on the prior session while it posted a big gain on heavy volume. Earnings news is due on 10/28/10. Its June 30, 2010 quarterly results showed great earnings and sales increases versus the year ago period. Prior quarterly and annual earnings history is below guidelines. Last noted in the 10/03/05 mid-day report.
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CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$22.50 |
+1.48
7.04%
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$22.65
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$22.74
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-1.06% |
444,933
197.75%
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225,000
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Most Recent Note for CYD - 10/21/2010 12:33:35 PM
Considerable gains with heavy volume for a second consecutive session helped it hit a new 52-week high today. The 10/20/10 mid-day report noted - "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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FDS
- NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Factset Research Sys Inc
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$87.89 |
-0.27
-0.31%
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$89.46
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$89.46
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-1.75% |
355,787
99.69%
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356,900
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Most Recent Note for FDS - 10/21/2010 12:35:13 PM
Hit a new all-time high today. The 9/24/10 mid-day report noted - "Sales revenues and earnings history below guidelines."
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GRA
- NYSE - CHEMICALS - Specialty Chemicals
Grace W R & Co
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$30.41 |
+0.86
2.91%
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$31.05
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$31.05
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-2.06% |
1,000,767
196.73%
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508,700
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Most Recent Note for GRA - 10/21/2010 12:41:11 PM
Finally hit a new 52-week high today while posting a second consecutive gain backed by heavy volume. It slumped below its 200 DMA since the "negative reversal" on 4/30/10 was noted in the 5/04/10 mid-day report and we then observed - "Its erratic quarterly and annual sales and earnings history fall short of the investment system's guidelines."
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KSU
- NYSE - TRANSPORTATION - Railroads
Kansas City Southern
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$41.81 |
-0.41
-0.97%
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$42.84
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$42.87
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-2.47% |
928,712
77.67%
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1,195,700
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Most Recent Note for KSU - 10/21/2010 12:44:14 PM
Hit new 52-week high this week with strength in the Transportation - Rail group a contributing factor. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09. The latest quarters for Mar and Jun '10 showed strong increases in sales and earnings after negative comparisons in the prior 5 quarters.
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LNN
- NYSE - MANUFACTURING - Farm & Construction Machinery
Lindsay Corporation
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$58.59 |
+0.81
1.40%
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$59.59
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$59.59
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-1.68% |
421,699
239.87%
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175,800
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Most Recent Note for LNN - 10/21/2010 12:47:53 PM
Posting another gain with heavy volume for a new 52-week high today following strong earnings results for the period ended August 31, 2010 and a considerable gain with above average volume on the prior session. It cleared 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
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$9.39 |
+0.21
2.29%
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$9.72
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$9.72
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-3.40% |
495,700
141.91%
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349,300
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Most Recent Note for LPSN - 10/21/2010 12:49:59 PM
Hitting new 52-week highs today and on the prior session with above average volume behind its gains. In mid-day reports it was 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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SLH
- NYSE - REAL ESTATE - REIT - Hotel/Motel
Solera Holdings Inc
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$45.83 |
+0.30
0.66%
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$46.23
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$46.23
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-0.87% |
551,411
134.39%
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410,300
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Most Recent Note for SLH - 10/21/2010 12:55:00 PM
Considerable gains this week for new 52-week highs have been backed by above average volume. Recent mid-day reports 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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UNP
- NYSE - TRANSPORTATION - Railroads
Union Pacific Corp
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$84.29 |
-1.50
-1.75%
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$84.96
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$87.32
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-3.47% |
4,161,737
143.96%
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2,890,800
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Most Recent Note for UNP - 10/21/2010 1:03:16 PM
Churning a lot of volume, a sign of distributional pressure while consolidating since noted in recent mid-day reports as it hit new 52-week highs - "Recent quarterly comparisons show improving sales and earnings after a streak of 4 consecutive negative comparisons. This Transportation - Rail firm's up and down annual earnings (A criteria) is below the fact-based investment system's guidelines."
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WYNN
- NASDAQ - LEISURE - Gaming Activities
Wynn Resorts Ltd
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$104.26 |
+3.10
3.06%
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$107.36
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$107.36
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-2.89% |
2,918,776
101.79%
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2,867,400
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Most Recent Note for WYNN - 10/21/2010 1:05:24 PM
Hit a new 52-week high after a gap up today. Due to report earnings news on 11/02/10. Noted in the recent mid-day reports after 5 months of base building in the $71-95 range - "Its latest quarterly comparisons showed improving sales and earnings but its prior earnings history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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XRX
- NYSE - CONSUMER DURABLES - Business Equipment
Xerox Corp
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$11.24 |
+0.15
1.35%
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$11.39
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$11.72
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-4.10% |
10,601,539
85.84%
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12,349,700
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Most Recent Note for XRX - 10/21/2010 1:08:55 PM
Approaching its 52-week high while working on a 6-month cup shaped base pattern. Its 3 latest quarterly comparisons show solid sales and earning increases after a streak of negative comparisons. Its annual earnings (A criteria) history is below guidelines. XRX was last noted in the mid-day report on 11/03/06.
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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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