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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 3RD, 2010
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DOW 11168.51 -20.21 (-0.18%) | NASDAQ 2525.3 -8.22 (-0.32%) | S&P 500 1189.49 -4.08 (-0.34%)
Time of Screening : 11/3/2010 12:11:29 PM         Report Released : 11/3/2010 2:10:14 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
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
Max Buy
SVR -

$30.50 +0.00
0.00%
$30.53 1,213,361
85.21% of 50 DAV
50 DAV is 1,423,900
$31.25
-2.40%
9/22/2010 $23.60 PP = $23.87
MB = $25.06
Most Recent Note - 11/3/2010 1:54:43 PM
G - Holding its ground after a considerable gain on 10/28/10 after news Carlyle Group will buy Syniverse Technologies for $31 per share. Color code was changed to green after spiking above its "max buy" level.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/22/2010. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Alliance Fiber Optic
$10.90 -0.10
-0.91%
$10.99 $11.00 -0.91% 114,900
455.95%
25,200
Most Recent Note for AFOP - 11/3/2010 12:13:18 PM
The 11/01/10 mid-day report noted - "It has been inching higher after a 10/22/10 technical breakout and follow-through gain with above average volume. This Sunnyvale, CA based Telecom - Fiber Optics firm showed big increases in sales and earnings for the Jun and Sept '10 quarters versus the year ago period. Prior quarterly and annual earnings (A criteria) history has been below the fact-based investment system's guidelines."
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AGN - NYSE - DRUGS - Drug Manufacturers - Other
Allergan Inc
$72.78 -1.75
-2.35%
$73.75 $74.94 -2.88% 2,776,217
151.59%
1,831,400
Most Recent Note for AGN - 11/3/2010 12:20:59 PM
Gapped down today from its 52-week high. It continued rallying after a "breakaway gap" on 10/18/10 allowed it to rise above multi-year resistance in the $69-70 area. It has shown steady annual earnings growth, but quarterly earnings and sales increases have repeatedly been reported below guidelines through the Sep '10 quarter.
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AIMC - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Altra Industrial Motion
$15.95 -0.05
-0.31%
$16.14 $16.15 -1.24% 93,158
96.94%
96,100
Most Recent Note for AIMC - 11/3/2010 12:26:38 PM
Recent quarters showed better sales and earnings, and technically it broke out of an orderly base on the prior session and touched a new 52-week high. Base was formed in the interim since last noted in the 5/06/10 mid-day report - "Fundamentals are below guidelines of the fact-based system and slumped badly since it was dropped from the Featured Stocks list on 9/24/08."
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BBD - NYSE - BANKING - Foreign Regional Banks
Banco Bradesco Sa Adr
$22.00 -0.30
-1.35%
$22.20 $22.38 -1.70% 9,353,327
101.31%
9,232,200
Most Recent Note for BBD - 11/3/2010 12:30:12 PM
This Brazilian bank rallied back near its 52-week high this week after a 2-week consolidation. Extended from a sound base now, it broke out from a base-on-base type pattern with a solid 9/13/10 gain. The Banks -Foreign industry group's current Group Relative Strength rating is 95, and leadership is reassuring concerning the L criteria. Recent quarterly comparisons show earnings increases above the +25% guideline, but a downward turn in its FY '09 earnings hurts is annual earnings (A criteria) track record.

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CAB - NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Cabelas Inc
$22.17 +0.10
0.45%
$22.66 $22.68 -2.25% 593,673
170.25%
348,700
Most Recent Note for CAB - 11/3/2010 12:37:05 PM
Considerable gain on the prior session with heavy volume helped it hit a new 52-week high and then rally further in today's early session. The old high for this Retail - Leisure Products firm had been hit when it last appeared in several early-May mid-day reports noted - "Annual earnings (A criteria) and quarterly sales revenues have not shown strong and steady growth."

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CATM - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cardtronics Inc
$17.32 +0.54
3.22%
$17.82 $17.82 -2.81% 396,003
129.62%
305,500
Most Recent Note for CATM - 11/3/2010 12:40:05 PM
Hit another new high today. It reported +12% earnings on +6% sales revenues for the quarter ended September 30, 2010. Recent mid-day reports 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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CSTR - NASDAQ - Banks-Southeast
Capstar Financial Hldgs
$59.33 +0.02
0.03%
$60.85 $60.85 -2.50% 1,288,415
86.46%
1,490,200
Most Recent Note for CSTR - 11/3/2010 12:46:13 PM
Stubbornly held its ground since the 11/01/10 mid-day report noted - "Gapped up today and hit a new 52-week high following a big breakaway gap up from a long "double bottom" pattern with very heavy volume on the prior session. Today's gain helped it trade above the high reached when it was last noted in the 6/03/10 mid-day report after it had steadily climbed following a powerful "breakaway gap" on 4/30/10 to new multi-year highs. In the interim it found support at its 200 DMA line. Recent quarterly comparisons showed mostly strong sales revenues and earnings increases (C criteria), but its annual earnings (A criteria) history is below guidelines of the fact-based system."
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CTIB - NASDAQ - CONSUMER DURABLES - Toys & Games
C T I Industries Corp
$9.47 +0.57
6.40%
$9.57 $9.51 -0.42% 22,587
99.94%
22,600
Most Recent Note for CTIB - 11/3/2010 12:48:28 PM
Hit another new 52-week high today and then reversed most of its early gain. Technically it broke out on 11/01/10 from a cup-with-handle type pattern. Prior mid-day reports noted - "Quarterly and annual earnings history have not been consistently strong, falling short of the guidelines for the C and A criteria."
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DORM - NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
$39.47 +1.27
3.32%
$39.93 $39.93 -1.15% 87,124
139.18%
62,600
Most Recent Note for DORM - 11/3/2010 12:50:15 PM
Hit a new 52-week high again today, steadily rallying 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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DSW - NYSE - RETAIL - Apparel Stores
D S W Inc
$35.01 +1.43
4.24%
$35.94 $35.94 -2.60% 583,514
152.83%
381,800
Most Recent Note for DSW - 11/3/2010 12:53:43 PM
Gains this week with above average volume heled it clear its 52-week high. The old high was reached when the 4/27/10 mid-day report noted - "Sales and earnings improved nicely for a 2nd consecutive quarter, but its prior quarterly and annual earnings history has been below the guidelines."
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HOLI - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Hollysys Automation Tech
$13.75 +0.64
4.88%
$13.76 $13.77 -0.15% 561,318
192.89%
291,000
Most Recent Note for HOLI - 11/3/2010 1:01:00 PM
Only had 4 down sessions in the past 29 trading days and hit new 52-week and new multi-year highs with a considerable gain today. No overhead supply remains to act as resistance. Recent quarters showed improving sales and earnings but its prior quarterly and annual earnings history has been below guidelines of the fact-based system.
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IDCC - NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Interdigital Inc
$34.37 -0.11
-0.32%
$34.71 $34.90 -1.52% 401,278
85.40%
469,900
Most Recent Note for IDCC - 11/3/2010 1:12:59 PM
Holding its ground stubbornly and rising after its 10/28/10 gap up for a considerable gain and new 52-week high. It reported +14% earnings on +22% sales revenues for the quarter ended September 30, 2010. Gains earlier last week with above average volume helped it inch to new 52-week highs. Volume totals had been drying up while trading in a tight range since the 10/04/10 mid-day report noted - "Recent quarterly comparisons showed strong earnings (C criteria) and sales revenues increases, but its annual earnings (A criteria) history has not been strong and steady."

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ININ - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Interactive Intelligence
$26.37 -0.61
-2.26%
$27.69 $27.72 -4.87% 148,007
116.91%
126,600
Most Recent Note for ININ - 11/3/2010 1:15:33 PM
Revered into the red after hitting another new 52-week high today. As it posted a considerable gain, the 11/02/10 mid-day report noted - "Reported +19% earnings on +26% sales revenues for the quarter ended September 30, 2010. After topping its October 2009 highs it was noted in recent mid-day reports - 'No overhead supply remains to hinder its progress. Recent quarterly comparisons showed sales revenues accelerating from flat or single digit percentages up to the +18-19% range in the Mar and Jun '10 quarters , but its earnings rose only +8% in the quarter ended June 30, 2010. The downward turn in its FY '08 earnings (bad A criteria) is a concern. Weak technical action prompted its removal from the Featured Stocks list on 1/7/08, shortly after it had been featured in the December 2007 issue of CANSLIM.net News (read here).'"
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JKS - NYSE - ENERGY - Other
Jinkosolar Hldg Co Ads
$37.15 +1.82
5.15%
$38.80 $38.90 -4.50% 1,557,906
174.81%
891,200
Most Recent Note for JKS - 11/3/2010 1:17:37 PM
Considerable gain for a 3rd consecutive session with heavy volume and another new 52-week high today. Recently found support near its 50 DMA line, and it proposed to raise $95.5 Million via an additional Public Offering announced on 10/26/10. That will increase its currently small supply (S criteria) of only 21.7 million shares outstanding. Noted in prior mid-day reports -"Well up from its $11 IPO on 5/14/10 after a streak of consecutive gains. Limited sales and earnings history is below guidelines. "
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MGLN - NASDAQ - HEALTH SERVICES - Hospitals
Magellan Health Services
$47.96 -1.73
-3.48%
$49.87 $50.08 -4.23% 241,146
84.85%
284,200
Most Recent Note for MGLN - 11/3/2010 1:19:49 PM
Enduring some recent distributional pressure near its 52-week and new multi-year highs, and wider intra-day swings indicate uncertainty. No resistance remains due to overhead supply. The number of top-rated funds owning its shares fell from 128 in Sep '09 to 119 in Sep '10, not a reassuring sign concerning the I criteria. Annual earnings (A criteria) history has been up and down since the company reorganized (01/06/04). Recent quarterly earnings increases (C criteria) have been well above the +25% guideline. Sales revenues increases in the +17-18% range in the Mar and Jun '10 periods were an improvement from prior lackluster comparisons, yet it just reported a +12% sales revenues increase for the quarter ended September 30, 2010.
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ODFL - NASDAQ - TRANSPORTATION - Trucking
Old Dominion Fght Lines
$28.09 +0.26
0.93%
$28.39 $28.51 -1.47% 1,024,498
203.03%
504,600
Most Recent Note for ODFL - 11/3/2010 1:22:31 PM
Hovering near its 52-week high following a technical breakout on 10/27/10, stubbornly holding its ground. Recent quarterly comparisons show improving sales and earnings after a streak of 5 negative comparisons and a downward turn annual earnings (A criteria).
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OPEN - NASDAQ - INTERNET - Internet Software & Services
Opentable Inc
$67.77 +6.37
10.37%
$72.19 $72.20 -6.14% 2,936,148
612.21%
479,600
Most Recent Note for OPEN - 11/3/2010 1:31:30 PM
Gapped up today, touching a new 52-week high after reporting earnings +188% on +44% sales revenues for the quarter ended September 30, 2010 versus the year ago period. It could go on to produce more climactic gains. Found support near its 50 DMA line recently but did not form a sound base pattern of sufficient length since last noted in the 9/20/10 mid-day report - "The C criteria is satisfied as earnings and sales revenues increases have been strong the 4 latest quarterly comparisons versus the year ago period. It got off to a very volatile start after its 5/11/09 IPO at $20, and it slumped for more than 4 months after it completed a Secondary Offering on 9/23/09. The company's management still owns a 32% stake in its shares and top-rated funds owning shares rose from 50 in Sep '09 to 79 in Jun '10."
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PLT - NYSE - TELECOMMUNICATIONS - Processing Systems & Products
Plantronics Inc
$38.02 +2.10
5.85%
$38.40 $38.41 -1.02% 338,120
83.16%
406,600
Most Recent Note for PLT - 11/3/2010 1:37:55 PM
Hit a new 52-week high today, and it held its ground above prior highs after technically breaking out with its 10/12/10 and 10/13/10 gains with above average volume. Recent its quarterly earnings increases have been well above the +25% guideline. Sequentially, recent comparisons showed sales revenues growth deceleration and its annual earnings (A criteria) has been up and down.

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SCOR - NASDAQ - DIVERSIFIED SERVICES - Research Services
Comscore Inc
$23.54 -0.73
-3.01%
$24.47 $24.47 -3.80% 163,922
102.97%
159,200
Most Recent Note for SCOR - 11/3/2010 1:41:14 PM
It has formed a base-on-base type pattern since last noted in the mid-day report on 9/22/10, and it is pulling back today after wedging to new 52-week highs this week without great volume conviction. Noted in prior mid-day reports - "Annual and quarterly earnings history are below guidelines."

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SNCR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Synchronoss Technologies
$25.89 +3.50
15.63%
$26.48 $26.48 -2.23% 907,579
709.60%
127,900
Most Recent Note for SNCR - 11/3/2010 1:46:15 PM
Today's considerable "breakaway gap" follows strong earnings news and at least one analyst upgrade. Touched a new 52-week high when noted in the mid-day report yesterday - "With its 3rd consecutive gain backed by above average volume, topping its peak reached when previously noted in the 5/04/10 mid-day report. It subsequently slumped well below its 200 DMA line before rebounding impressively. Annual earnings (A criteria) history is below guidelines of the fact-based system, marred by a downturn in FY '08. Recently showing better sales and earnings +25% or more in the 4 last comparisons (good C criteria) following a streak of negative comparisons."
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SVM - NYSE - METALS & MINING - Silver
Silvercorp Metals Inc
$9.69 -0.31
-3.10%
$10.09 $10.10 -4.06% 1,309,472
90.87%
1,441,100
Most Recent Note for SVM - 11/3/2010 1:54:28 PM
Perched at its 52-week high, recent mid-day reports noted- "This low-priced Canadian mining company's considerable gain 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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TISI - NYSE - DIVERSIFIED SERVICES - Technical Services
Team Inc
$21.46 +0.70
3.37%
$21.58 $21.58 -0.56% 90,355
112.38%
80,400
Most Recent Note for TISI - 11/3/2010 1:56:21 PM
Fundamentals are below guidelines now. Based on weak action it was dropped from the Featured Stocks list on 10/03/08.
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TRMB - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Trimble Navigation Ltd
$37.21 +1.63
4.58%
$37.64 $37.64 -1.14% 622,891
111.45%
558,900
Most Recent Note for TRMB - 11/3/2010 2:01:36 PM
It gapped up today for a new 52-week high. No overhead supply remains to hinder its progress, and it stubbornly held its ground since its 10/07/10 mid-day report appearance. Recent comparisons (June and September) show improving sales revenues and earnings with encouraging acceleration. Prior quarterly and annual earnings growth (C and A criteria) has been below guidelines of the fact-based investment system.
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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Monotype Imaging Hldgs
$10.80 +0.08
0.75%
$10.89 $10.90 -0.92% 109,142
126.32%
86,400
Most Recent Note for TYPE - 11/3/2010 2:02:55 PM
Challenging its 52-week high following a considerable gap up gain on the prior session. Sales and earnings history are below the fact-based system's guidelines.
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VSI - NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Vitamin Shoppe Inc
$28.91 +0.51
1.80%
$28.98 $29.90 -3.31% 130,789
101.94%
128,300
Most Recent Note for VSI - 11/3/2010 2:06:00 PM
Endured distributional pressure but recently found support above its 50 DMA line since last noted on 10/15/10 while hovering near its 52-week high. A long consolidation followed its negative reversal on 6/28/10 when noted in the mid-day report - "Sales revenues increases have been steadily in the +9-13% range for the past year and a half, not showing strong growth or acceleration indicative of great growth in demand for its products or services. A Secondary Offering on 5/19/10 followed its 10/28/09 reorganization."
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WYNN - NASDAQ - LEISURE - Gaming Activities
Wynn Resorts Ltd
$109.97 -2.60
-2.31%
$111.85 $113.96 -3.50% 2,967,677
102.16%
2,905,000
Most Recent Note for WYNN - 11/3/2010 2:09:57 PM
Pulling back today after hitting a new 52-week high on the prior session. Reported earnings +18% on +30% sales revenues for the quarter ended September 30, 2010 versus the year ago period. Noted in mid-October mid-day reports when breaking out 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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