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 MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 22ND, 2010
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DOW 11121.36 -25.21 (-0.23%) | NASDAQ 2475.07 15.4 (0.63%) | S&P 500 1181.95 1.69 (0.14%)
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Time of Screening :
10/22/2010 12:20:07 PM Report Released :
10/22/2010 1:15:03 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...
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 |
BIDU
- NASDAQ
Baidu Inc Ads
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$107.40
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+4.92
4.80%
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$109.32
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21,905,415
211.84% of 50 DAV
50 DAV is 10,340,600
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$109.34
-1.77%
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9/17/2010 |
$85.73
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PP = $88.42
MB = $92.84 |
Most Recent Note - 10/22/2010 12:43:00 PM
G - Gapped up today and hit a new all-time high with another gain backed by above average volume. Gains from its previously identified base were not substantial enough for its 3 very tight weekly closes to be considered an advanced "3-weeks tight" type pattern being cleared now, yet it may go on to produce more climactic gains. The nearest support is prior highs and its 50 DMA line in the $88-90 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.
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I M
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CMG
- NYSE
Chipotle Mexican Grill
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$202.57
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+23.32
13.01%
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$203.70
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2,267,254
371.92% of 50 DAV
50 DAV is 609,600
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$203.98
-0.69%
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9/1/2010 |
$158.31
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PP = $155.52
MB = $163.30 |
Most Recent Note - 10/22/2010 12:47:23 PM
G - Considerable gap up gain with heavy volume today for a new all-time high following another strong earnings report. Its 50 DMA line 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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$169.46
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-3.23
-1.87%
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$171.48
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5,016,437
89.54% of 50 DAV
50 DAV is 5,602,200
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$174.94
-3.13%
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8/10/2010 |
$124.05
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PP = $124.00
MB = $130.20 |
Most Recent Note - 10/22/2010 12:58:37 PM
G - Holding its ground today after a considerable gap up gain on 10/21/10 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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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ALB
- NYSE - CHEMICALS - Synthetics
Albemarle Corp
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$49.74 |
+1.38
2.85%
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$51.08
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$51.15
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-2.76% |
949,812
120.75%
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786,600
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Most Recent Note for ALB - 10/22/2010 12:26:25 PM
Gapped up today and hit a new 52-week high and new multi-year high. Recently noted in the 10/01/10 mid-day report as it challenged old highs in the $46 area that defines a stubborn resistance level in the past. Quarterly results showed stronger sales and earnings increases in Mar, Jun, and Sept '10 after a downward turn and negative comparisons in recent years (bad A criteria).
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AMZN
- NASDAQ - INTERNET - Internet Software & Services
Amazon.com Inc
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$169.14 |
+4.17
2.53%
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$169.62
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$169.62
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-0.28% |
10,547,235
179.69%
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5,869,700
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Most Recent Note for AMZN - 10/22/2010 12:35:23 PM
Up with heavy volume today for a second consecutive new high. Earnings were up +13% on +39% sales revenues in the latest quarter ended September 30, 2010, which is a new flaw with respect to the C criteria. Technically there is no resistance remaining due to overhead supply. 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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BAP
- NYSE - BANKING - Foreign Regional Banks
Credicorp Ltd
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$123.18 |
-0.59
-0.48%
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$124.42
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$129.00
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-4.51% |
217,667
74.93%
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290,500
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Most Recent Note for BAP - 10/22/2010 12:37:15 PM
Hovering near all-time highs this week. It made steady progress since noted in June-July mid-day reports - "This Peru-based Bank has a good annual earnings (the A criteria) history, however recent quarterly sales revenues comparisons have been essentially flat and earnings growth has decelerated to below the fact-based investment system's guidelines. Based on weak technical action it was removed from the Featured Stocks list on 7/08/08. Noted in several June 2010 mid-day reports that it rebounded impressively from deep lows in the $30 area."
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BJRI
- NASDAQ - LEISURE - Restaurants
B J S Restaurants Inc
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$33.35 |
+4.48
15.52%
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$34.49
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$34.49
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-3.31% |
881,133
498.38%
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176,800
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Most Recent Note for BJRI - 10/22/2010 12:45:22 PM
The restaurant company's quarterly earnings show recent acceleration, but its prior history comes in below the investment system's strict guidelines. Considerable gain today with heavy volume for a new 52-week high and new all-time high.
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CYD
- NYSE - MANUFACTURING - Diversified Machinery
China Yuchai Intl Ltd
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$23.86 |
+0.42
1.80%
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$24.02
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$24.18
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-1.32% |
405,989
180.44%
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225,000
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Most Recent Note for CYD - 10/22/2010 12:48:47 PM
Considerable gains this week with heavy volume helped it hit new 52-week highs and clear stubborn resistance. Recent mid-day reports 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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DORM
- NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
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$33.97 |
-0.69
-1.99%
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$34.65
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$34.76
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-2.27% |
41,919
75.80%
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55,300
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Most Recent Note for DORM - 10/22/2010 12:50:30 PM
Pulling back from its 52-week high hit on the prior session. It steadily rose after recent mid-day reports noted - "Extended from prior chart highs in the $25-26 area. It rallied from an inverse-head-and-shoulders type pattern since finding support at its 200 DMA following the previously noted 'breakaway gap' on 4/27/10. Leadership in the Auto/Truck - Replacement Parts group (L criteria) is a reassuring sign. The C criteria is satisfied as recent quarterly comparisons show earnings increases above the +25% guideline on +15%-20% better sales versus the year ago period. Its up and down annual earnings history (A criteria) is a concern."
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EC
- NYSE - ENERGY - Independent Oil & Gas
Ecopetrol Sa Adr
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$47.68 |
+0.10
0.21%
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$48.00
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$48.79
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-2.28% |
164,084
63.97%
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256,500
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Most Recent Note for EC - 10/22/2010 12:51:11 PM
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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GDI
- NYSE - Machinery-Gen Industrial
Gardner Denver Holdings
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$59.24 |
+2.82
5.00%
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$61.92
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$61.92
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-4.33% |
526,108
187.76%
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280,200
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Most Recent Note for GDI - 10/22/2010 12:53:04 PM
Gapped up today and hit a new all-time high. Its latest quarterly earnings improved above the +25% guideline but its prior history has been below guidelines.
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GRA
- NYSE - CHEMICALS - Specialty Chemicals
Grace W R & Co
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$31.70 |
-0.03
-0.09%
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$32.46
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$32.46
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-2.34% |
454,693
89.38%
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508,700
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Most Recent Note for GRA - 10/22/2010 12:54:00 PM
Finally hitting new 52-week highs this week while posting consecutive gains 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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INFA
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Informatica Corp
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$38.81 |
+2.04
5.55%
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$38.95
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$39.05
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-0.61% |
1,088,616
87.47%
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1,244,500
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Most Recent Note for INFA - 10/22/2010 12:57:21 PM
Considerable gain today following a solid report for the quarter ended September 30, 2010, challenging its 52-week high after a short consolidation above its 50 DMA line. This Redwood City, CA-based Computer Software - Database firm gapped up on 7/23/10 and was noted in prior mid-day reports - "Technically its considerable gain is a 'breakaway gap' following a choppy 4-month basing period. Fundamentally, it showed more impressive acceleration in its sales revenues and earnings increases for the quarter ended June 30, 2010. Prior quarterly earnings and sales increases have been borderline and below the minimum guidelines leaving fundamental concerns, yet it has maintained a steady annual earnings (A criteria) history."
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NTCT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Netscout Systems Inc
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$23.14 |
+1.50
6.93%
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$23.15
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$23.22
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-0.34% |
238,343
93.84%
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254,000
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Most Recent Note for NTCT - 10/22/2010 1:00:21 PM
Considerable gain today for a new 52-week high. 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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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$359.52 |
+15.82
4.60%
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$360.89
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$361.66
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-0.59% |
656,969
57.75%
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1,137,600
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Most Recent Note for PCLN - 10/22/2010 1:03:12 PM
Wedging to another new all-time high today without great volume conviction. Since its "breakaway gap" on 8/04/10 it has not built an orderly new base and afforded disciplined investors ideal buy points under the investment system guidelines. It was noted in several August mid-day reports - "No overhead supply remains to act as resistance after clearing its deep 3-month consolidation. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and subsequently fell from $225 to $173 before beginning its impressive rebound."
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PNRA
- NASDAQ - LEISURE - Specialty Eateries
Panera Bread Co Cl A
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$93.43 |
+3.77
4.20%
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$93.67
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$93.98
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-0.59% |
281,957
69.96%
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403,000
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Most Recent Note for PNRA - 10/22/2010 1:06:11 PM
Gain today for a new 52-week high while on track for a 10th consecutive weekly gain. Its annual earnings results showed a small downturn in '07, which is a minor flaw concerning the A criteria which calls for 3-5 years of steady earnings growth. Quarterly sales and earnings increases are not solidly meeting the guidelines with respect to the C criteria, while certainly "above average" as its 93 Earnings Per Share (EPS) rank currently suggests. Top-rated funds owning an interest decreased from 200 in Mar '09 to 155 in Sep '10, which is not good news concerning the I criteria. The stock is somewhat heavily owned (percentage-wise) by funds relative to its management's small 6% reported ownership.
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RVBD
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service
Riverbed Technology Inc
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$55.27 |
+9.40
20.49%
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$55.44
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$55.72
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-0.81% |
5,694,860
251.87%
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2,261,000
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Most Recent Note for RVBD - 10/22/2010 1:13:06 PM
Considerable gap up gain today, blasting above its 2007 all-time high ($52) following another strong earnings report showing impressive acceleration. Noted in recent September - October mid-day reports - "Extended from any sound base after rallying from support above its 50 DMA line. The San Francisco, CA-based firm in the Computer-Networking industry is a strong turn-around story, but the downward turn in FY '08 hurts its annual earnings (A criteria) track record."
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SILC
- NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev
Silicom Ltd
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$15.65 |
-0.03
-0.19%
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$16.20
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$16.22
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-3.51% |
50,195
210.02%
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23,900
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Most Recent Note for SILC - 10/22/2010 1:13:45 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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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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