Mid-Day Breakouts Report - Monday, October 24th, 2011

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 24TH, 2011
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DOW 11904.53 95.74 (0.81%) | NASDAQ 2696.73 59.27 (2.25%) | S&P 500 1251.85 13.6 (1.10%)

Time of Screening : 10/24/2011 12:13:29 PM Report Released : 10/24/2011 2:48:48 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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...

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
ISRG - NASDAQ Intuitive Surgical Inc	$426.90	+11.27 2.71%	$429.44	272,399 60.56% of 50 DAV 50 DAV is 449,800	$429.44 -0.59%	10/19/2011	$424.69	PP = $415.29 MB = $436.05
Most Recent Note - 10/24/2011 1:57:43 PM Y - Hitting a new all-time today after holding its ground since its 10/19/11 gap up gain on heavy volume triggered a technical buy signal. Prior highs define important support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 10/19/2011. Click here.
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OPNT -	$45.64	+2.96 6.94%	$45.75	301,444 187.35% of 50 DAV 50 DAV is 160,900	$45.92 -0.61%	10/11/2011	$38.45	PP = $42.02 MB = $44.12
Most Recent Note - 10/24/2011 2:11:16 PM G - Blasted beyond its "max buy" level with today's 3rd consecutive gain backed by ever increasing volume and its color code is changed to green after getting extended from its prior base. Triggered a technical buy signal with its volume-driven gain on 10/21, ten days after it was first featured in yellow. Due to report earnings on Wednesday, November 9th. >>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACC - NYSE - REAL ESTATE - REIT - Residential Amer Campus Communities	$39.52	+0.31 0.79%	$39.70	$41.09	-3.82%	814,357 67.95%	1,198,400
Most Recent Note for ACC - 10/24/2011 12:18:10 PM Wedging higher recently without great volume conviction behind its gains after rebounding above its 50 DMA line. Now perched within close striking distance of its all-time high, this REIT was noted in prior mid-day reports - "Earnings history is not a match with the fact-based investment system's guidelines."
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AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance Amtrust Financial Svcs	$25.21	+1.18 4.91%	$25.21	$25.21	0.00%	156,188 66.35%	235,400
Most Recent Note for AFSI - 10/24/2011 12:24:49 PM With today's 3rd consecutive gain it is rising from an 8-week cup shaped base during which it found support well above its 200 DMA line. Due to report earnings on November 1st, it last reported earnings +41% on +31% sales revenues for the quarter ended June 30, 2011 versus the year ago period, and prior mid-day reports noted - "Earnings increase of +46%* for the Mar '11 quarter was the first comparison in more than 2 years with a better than +25% increase."*
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AMSWA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software American Software Inc A	$8.15	+0.30 3.82%	$8.21	$8.95	-8.94%	62,177 59.33%	104,800
Most Recent Note for AMSWA - 10/24/2011 12:32:46 PM The 2 latest quarterly comparisons (Apr and Jun '11) showed better sales revenues and earnings increases but prior quarters and its annual earnings (A criteria) history fall short of the fact-based investment system's guidelines. Low-priced stocks are considered riskier candidates and typically should be avoided unless all key criteria are solidly satisfied.
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ATVI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia & Graphics Software Activision Blizzard Inc	$13.53	+0.04 0.26%	$13.59	$13.59	-0.48%	4,664,127 58.34%	7,995,300
Most Recent Note for ATVI - 10/24/2011 12:34:44 PM Hit another new 52-week high today after a solid volume-driven gains on the 2 prior sessions. The 2 latest quarterly comparisons (Mar and Jun '11) show improving sales revenues and earnings increases, and it is due to report the September ended period's results on November 8th. Noted in the 10/20/11 mid-day report - "It survived but failed to impress since it was dropped from the Featured Stocks list on 10/02/08."
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BCE - NYSE - TELECOMMUNICATIONS - Telecom Services - Domestic B C E Inc	$39.09	+0.00 0.00%	$39.54	$40.49	-3.46%	486,676 58.36%	833,900
Most Recent Note for BCE - 10/24/2011 12:36:52 PM This Canadian Telecom Services - Foreign firm's sales revenues and earnings growth history is below guidelines of the fact-based investment system.
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$64.80	+1.92 3.05%	$64.90	$69.52	-6.79%	311,853 68.52%	455,100
Most Recent Note for BWLD - 10/24/2011 12:42:07 PM Rallying up from support at its 200 DMA line with today's 3rd consecutive gain. Reported earnings +30% on +31% sales revenues for the latest quarter ended September 30, 2011 versus the year ago period. It made a stand above the "neckline" defined by its prior low after mid-day reports recently noted - "It has the look of an ominous head-and-shoulders pattern formed over the past 5 months. Reported earnings +16% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007."
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$340.78	+7.29 2.19%	$341.98	$346.78	-1.73%	607,214 61.24%	991,500
Most Recent Note for CMG - 10/24/2011 12:54:01 PM Rising within close striking distance of its all-time high today following a gap up gain with heavy volume on the prior session after it reported earnings +25% on +24% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Found support well above its 200 DMA line during its consolidation since fundamental concerns prompted it to be dropped from the Featured Stocks list on 8/02/11. Reported earnings per share +12% on +22% sales revenues for the quarter ended June 30, 2011 versus the year ago period, marking its 2nd consecutive quarterly comparison with earnings below the +25% guideline. To satisfy the C criteria a company should show earnings increases above +25% in the past 3 or 4 quarterly comparisons or show impressive sequential acceleration in recent earnings increases, rather than being up and down with results that are lackluster and only borderline with the minimum guideline.
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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$69.91	+1.85 2.72%	$69.94	$72.86	-4.05%	208,717 61.77%	337,900
Most Recent Note for CPA - 10/24/2011 1:27:27 PM Rallying near its 52-week high today, however its choppy consolidation is not considered to be a sound base pattern. The rebound above its 50 DMA line helped its outlook improve. It promptly repaired a recent violation of its 200 DMA line after it was dropped from the Featured Stocks list on 9/30/11.
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EFSC - NASDAQ - BANKING - Regional - Midwest Banks Enterprise Finl Services	$15.81	+0.34 2.17%	$15.93	$15.93	-0.78%	31,380 70.20%	44,700
Most Recent Note for EFSC - 10/24/2011 1:30:03 PM Hitting a new 52-week high today, it recently has been wedging higher without great volume conviction behind its gains. Completed a Public Offering on 5/18/11 and built a long flat based since noted in the 5/31/11 mid-day report - "Recent quarters show improvement versus year ago losses. Its earnings history has been erratic and below the investment system's guidelines."
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EGOV - NASDAQ - INTERNET - Internet Software & Services N I C Inc	$13.39	+0.65 5.10%	$13.57	$13.80	-2.97%	181,787 71.09%	255,700
Most Recent Note for EGOV - 10/24/2011 1:33:11 PM Approaching its 52-week high with today's considerable gain. It went through a consolidation below its 200 DMA line since hitting its prior high when last noted in the 5/28/11 mid-day report - "Perched at 52-week and multi-year highs today, extended from any sound base pattern. No resistance remains due to overhead supply. Recent quarters showed much better earnings increases with lackluster sales revenues increases versus the year earlier. It found great support near its 50 DMA line while consolidating after the 1/26/11 mid-day report noted - 'Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.'"
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FIZZ - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks National Beverage Corp	$16.94	+0.34 2.05%	$17.00	$17.00	-0.35%	38,659 70.55%	54,800
Most Recent Note for FIZZ - 10/24/2011 1:35:11 PM Hit a new 52-week high today. It has recently been wedging higher without great volume conviction since rebounding above its 50 DMA line when last noted in the 10/04/11 mid-day report - "Fundamentals are still sub par today. Quarterly sales revenues increases in the +1-6% range for the past 8 comparisons versus the year ago period are an indication there has not been great growth in demand for its products."
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HSTM - NASDAQ - INTERNET - Internet Service Providers Healthstream Inc	$15.05	-0.20 -1.31%	$15.50	$15.50	-2.90%	157,858 169.74%	93,000
Most Recent Note for HSTM - 10/24/2011 1:40:02 PM Holding its ground today. As previously noted, it gapped up on 10/21/11 rising from a cup-with-handle type base and hit a new 52-week high. Earnings improved in recent quarterly comparisons (Mar and Jun '11) and it is due to report the latest period's results on Tuesday, October 25th. Prior mid-day reports noted - "Prior quarterly and annual (C and A criteria) has been below the fact-based investment system guidelines."
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HUM - NYSE - HEALTH SERVICES - Health Care Plans Humana Inc	$79.42	+3.13 4.10%	$81.49	$84.32	-5.81%	1,856,342 100.96%	1,838,600
Most Recent Note for HUM - 10/24/2011 1:44:19 PM Gapped up today challenging prior highs and its 52-week high. Strength and leadership (L criteria) in the HMO group is a reassuring sign. Last noted in the 7/07/11 mid-day report - "Sub par sales revenues and quarterly earnings increases raise fundamental concerns. Its annual earnings history is marred by a downturn in FY '08 earnings after years of steady growth."
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HXL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Hexcel Corp	$24.94	+0.06 0.24%	$25.62	$25.68	-2.88%	1,032,367 91.26%	1,131,200
Most Recent Note for HXL - 10/24/2011 1:46:55 PM Challenging its 52-week high with today's 3rd consecutive gain with ever-increasing volume. Last noted in the 9/28/11 mid-day report - "Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines."
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IFF - NYSE - CHEMICALS - Specialty Chemicals Intl Flavors & Fragrance	$60.55	-0.69 -1.13%	$60.83	$66.29	-8.66%	632,507 71.40%	885,900
Most Recent Note for IFF - 10/24/2011 1:47:52 PM Sales revenues and earnings history is below the guidelines of the fact-based system.
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ITC - NYSE - UTILITIES - Electric Utilities I T C Holdings Corp	$71.76	-1.59 -2.17%	$72.83	$78.89	-9.04%	238,525 63.67%	374,600
Most Recent Note for ITC - 10/24/2011 1:58:38 PM Slumping further below 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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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$41.20	+0.42 1.03%	$41.43	$41.74	-1.29%	102,082 75.17%	135,800
Most Recent Note for MANH - 10/24/2011 1:59:19 PM Still holding its ground at its 52-week high today after big gains on heavy volume last week helped it break out from a 13-week base. It rallied clear of all resistance due to overhead supply. Quarterly and annual earnings increases (C and A criteria) have been up and down, not showing strong and steady growth matching the fact-based system's guidelines.
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NUAN - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Nuance Communications	$26.07	+0.80 3.17%	$26.15	$26.23	-0.61%	3,712,605 103.57%	3,584,700
Most Recent Note for NUAN - 10/24/2011 2:00:45 PM Earnings history is below the guidelines of the fact-based system. It priced a $600 million convertible debenture offering last week, and gapped up for a second consecutive session today for another new 52-week high. It is unhindered by resistance after clearing all overhead supply with its impressive rebound. 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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RL - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Ralph Lauren Corp Cl A	$158.21	+7.47 4.96%	$158.96	$159.37	-0.73%	928,420 62.25%	1,491,400
Most Recent Note for RL - 10/24/2011 2:13:05 PM Hitting a new 52-week high today. Again promptly rebounded after undercutting its 200 DMA line briefly since last noted in the 9/30/11 mid-day report - "Reported earnings +57% on +32% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Prior quarterly comparisons were not consistently strong and above the +25% guidelines, however it has maintained a good annual earnings (A criteria) history."
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SBH - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Sally Beauty Holdings	$19.46	+0.66 3.51%	$19.50	$19.56	-0.51%	1,065,459 97.28%	1,095,200
Most Recent Note for SBH - 10/24/2011 2:14:47 PM Hitting another new all-time high today while adding to its recent spurt of gains backed by above average volume, rising from an orderly base pattern. Completed a Secondary Offering of 18 million shares priced at $16.75 on 10/12/11. The beauty supplies distributor and retailer itself received no proceeds related to the sale. Prior mid-day reports noted - "Quarterly earnings growth has been strong but its sales revenues increases and annual earnings (A criteria) history in the past 3-5* years were not especially strong."*
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized Silicon Motion Tech Ads	$16.77	+0.77 4.81%	$17.00	$17.00	-1.35%	359,621 64.32%	559,100
Most Recent Note for SIMO - 10/24/2011 2:15:08 PM Gapped up again today for another new 52-week high. Stubbornly held its ground following recent volume-driven gains, rising with no overhead supply to act as resistance. Due to report earnings on Tuesday, November 1st. 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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SWM - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Schweitzer Mauduit Intl	$69.11	+9.55 16.03%	$69.22	$71.50	-3.34%	421,906 249.21%	169,300
Most Recent Note for SWM - 10/24/2011 2:20:32 PM This maker of cigarette paper and tobacco products gapped up today on news it has resolved an intellectual property dispute with specialty paper company Delfortgroup over fire-safe cigarette paper and agreed to a licensing agreement with the company. Last noted in the 10/12/10 mid-day report - "Quarterly and annual earnings history are not a match with the fact-based system's guidelines."
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SXL - NYSE - ENERGY - Oil & Gas Pipelines Sunoco Logistics Ptnr Lp	$99.45	+1.94 1.99%	$100.00	$100.00	-0.55%	108,954 137.92%	79,000
Most Recent Note for SXL - 10/24/2011 2:21:50 PM This MLP hit a new 52-week high today then reversed into the red. It rebounded from below both moving averages since noted in the 9/06/11 mid-day report - "Quarterly and annual earnings growth (C and A criteria) have been below the fact-based investment system's guidelines."
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TDC - NYSE - COMPUTER SOFTWARE & SERVICES - Technical &; System Software Teradata Corp	$56.68	+1.18 2.12%	$56.77	$62.71	-9.62%	1,772,254 82.92%	2,137,300
Most Recent Note for TDC - 10/24/2011 2:25:06 PM Consolidating above its 50 and 200 DMA lines and just -10.1% off its all-time high today. It rallied to new high ground then slumped well below its 200 DMA line and subsequently rebounded since last noted in the 6/24/11 mid-day report- "Sales revenues and earnings history remain below guidelines of the investment system."
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TSCO - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Tractor Supply Co	$73.73	+0.27 0.37%	$73.97	$73.97	-0.33%	564,330 74.08%	761,800
Most Recent Note for TSCO - 10/24/2011 2:27:00 PM Inching up for another new 52-week high today, adding to last week's considerable gains with heavy volume after reporting earnings +45% on +18% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Since noted in the 9/30/11 mid-day report it found support near its 200 DMA line, but its choppy consolidation is not recognized as a sound base pattern. Reported earnings +18% on +11% sales revenues for the quarter ended June 30, 2011 versus the year ago period, below the investment system's guidelines, however its quarterly and annual earnings history (C and A criteria) has otherwise been strong enough to be considered a worthy candidate under the fact-based investment system. TSCO was long ago featured in the June '03 CANSLIM.net News.
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VFC - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing V F Corp	$137.07	+4.38 3.30%	$139.64	$139.64	-1.84%	1,110,371 103.98%	1,067,900
Most Recent Note for VFC - 10/24/2011 2:28:46 PM Found support at its 50 DMA line when last noted in the 10/04/11 mid-day report and today's gain has it hitting a new all-time high. Noted in prior mid-day reports - "Quarterly and annual earnings history has been below the guidelines of the fact-based investment system."
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