Mid-Day Breakouts Report - Wednesday, November 24th, 2010

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 24TH, 2010
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DOW 11170.86 134.49 (1.22%) | NASDAQ 2541.96 47.01 (1.88%) | S&P 500 1196.17 15.44 (1.31%)

Time of Screening : 11/24/2010 12:18:33 PM Report Released : 11/24/2010 1:22:01 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
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
ULTA - NASDAQ Ulta Salon Cosm & Frag	$34.69	+1.21 3.61%	$34.74	398,597 86.22% of 50 DAV 50 DAV is 462,300	$34.88 -0.55%	9/3/2010	$26.36	PP = $25.89 MB = $27.18
Most Recent Note - 11/24/2010 1:20:22 PM G - Today's 3rd consecutive gain helped it hit a new 52-week high, approaching its all-time high of $35.63 from Nov '07. Meanwhile, its 50 DMA line defines initial support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AME - NYSE - MANUFACTURING - Industrial Electrical Equipmen Ametek Inc	$57.90	+1.29 2.28%	$57.99	$57.99	-0.15%	443,024 86.09%	514,600
Most Recent Note for AME - 11/24/2010 12:21:40 PM Hitting another new 52 week high and multi-year high today. Based on weak technical action it was dropped from the Featured Stocks list on 9/04/08, then subsequently slumped from $44 to $24 before rebounding. Annual earnings history (A criteria) is below guidelines. While the 2 most recent quarterly earnings increases were above the +25% guideline, prior comparisons versus the year ago periods were negative.
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AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$176.70	+8.50 5.05%	$177.39	$177.39	-0.39%	6,119,696 93.77%	6,526,200
Most Recent Note for AMZN - 11/24/2010 12:24:51 PM Gapped up today for a new 52-week high. It found prompt support near its 50 DMA line during its consolidation since last noted in the 10/22/10 mid-day report - "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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BKI - NYSE - Computer Sftwr-Financial Black Knight Inc	$20.10	+0.57 2.92%	$20.25	$20.25	-0.74%	308,616 100.17%	308,100
Most Recent Note for BKI - 11/24/2010 12:34:49 PM Hitting another new all-time high today following a brief consolidation since going on to trade above its 2007 high after it was last noted in the 11/02/10 mid-day report - "Recent quarterly comparisons showed strong earnings increases, but lackluster sales revenues growth and its erratic annual earnings (A criteria) history fall short of the investment system's guidelines."
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$143.74	+1.24 0.87%	$144.18	$144.15	-0.29%	2,544,542 75.85%	3,354,800
Most Recent Note for CRM - 11/24/2010 12:39:02 PM Up yet again today, steadily rising following an 11/19/10 "breakaway gap" to new all-time highs. Sales revenues have shown acceleration, however earnings per share increases in the 3 latest quarters were in the 0-14% range, below the investment system guidelines. After its 10/06/10 violation of its 50 DMA line and sputtering earnings growth raised concerns, this Computer Software -Enterprise firm was dropped from the Featured Stocks list.
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CRR - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Carbo Ceramics Inc	$95.74	+2.67 2.87%	$96.46	$96.46	-0.75%	178,931 77.56%	230,700
Most Recent Note for CRR - 11/24/2010 12:40:38 PM Hit another new all-time high today, and there is no overhead supply to act as resistance. It has been making meaningful price progress since last noted in the 10/28/10 mid-day report. Recent quarterly results showed great earnings and sales increases versus the year ago period. Prior quarterly and annual earnings (A criteria) history is below guidelines.
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CSTR - NASDAQ - Banks-Southeast Capstar Financial Hldgs	$66.18	+2.09 3.26%	$66.74	$66.74	-0.84%	1,249,704 84.55%	1,478,100
Most Recent Note for CSTR - 11/24/2010 12:44:30 PM Rising to new highs this week, posting its 4th consecutive gain today after stubbornly holding its ground above prior highs and making progress 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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DE - NYSE - MANUFACTURING - Farm & Construction Machinery Deere & Co	$76.04	-0.31 -0.40%	$77.36	$79.66	-4.55%	5,319,390 130.97%	4,061,600
Most Recent Note for DE - 11/24/2010 12:48:54 PM Consolidating above its 50 DMA line, enduring some distributional pressure. Earnings have been up by better than +25% in the 3 most recent quarters and sales revenues increases have shown acceleration. A big streak of negative comparisons and downward turn in its FY '09 annual earnings (A criteria) are concerns with respect to the investment system guidelines.
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MDR - NYSE - ENERGY - Oil & Gas Equipment & Services Mcdermott Intl	$18.39	+0.90 5.15%	$18.49	$18.53	-0.76%	2,482,424 96.57%	2,570,500
Most Recent Note for MDR - 11/24/2010 12:55:39 PM Hit a new 52-week high today. Fundamentals are below guidelines, yet as noted in the 11/10/10 mid-day report - "It has shown recent technical strength. It was noted in the 6/02/08 mid-day report - 'Challenging prior chart highs in the $63 area, it briefly traded above them to new all-time highs today before reversing. Sub par fundamentals in latest quarterly financial report.'"
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OPEN - NASDAQ - INTERNET - Internet Software & Services Opentable Inc	$71.82	-1.15 -1.58%	$76.39	$76.39	-5.98%	945,715 130.59%	724,200
Most Recent Note for OPEN - 11/24/2010 12:57:47 PM Following 5 consecutive volume-driven gains it hit a new 52-week high today then reversed into the red. Its 50 DMA line defines important support. Prior mid-day reports noted -"Reported 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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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$33.06	+0.43 1.32%	$33.13	$33.13	-0.21%	47,198 76.74%	61,500
Most Recent Note for PSMT - 11/24/2010 1:00:18 PM Recently inching higher for new 52-week highs and multi-year highs, extended from a sound base. It formed base-on-base type patterns and was noted in prior mid-day reports - "Sales revenues and earnings growth history are below the guidelines."
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ROLL - NASDAQ - MANUFACTURING - Machine Tools &; Accessories R B C Bearings Inc	$37.15	+1.11 3.08%	$37.35	$37.35	-0.54%	45,749 82.13%	55,700
Most Recent Note for ROLL - 11/24/2010 1:02:03 PM Hit a new 52-week high today. The 11/19/10 mid-day report noted - "While recent quarters showed some improvement, its sales and earnings history has been erratic and below the guidelines, as was the case when noted in the 10/29/07 mid-day report."
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SIG - NYSE - SPECIALTY RETAIL - Jewelry Stores Signet Jewelers Ltd	$40.22	+0.59 1.49%	$41.01	$41.01	-1.93%	598,016 114.41%	522,700
Most Recent Note for SIG - 11/24/2010 1:04:47 PM Up again today, extended from any sound base after a considerable gap up on 11/23/10 was noted in the mid-day report - "Hitting new 52-week highs with above average volume behind a streak of gains. Quarterly comparisons show a lack of sales revenues growth and its prior quarterly and annual earnings history has been below guidelines of the investment system."
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SODA - NASDAQ - CONSUMER DURABLES - Appliances Sodastream Intl Ltd	$41.80	+2.94 7.57%	$42.73	$43.37	-3.62%	1,064,863 75.67%	1,407,200
Most Recent Note for SODA - 11/24/2010 1:09:43 PM This Israeli maker of home beverage carbonation systems gapped up today and hit another new high. It has rallied considerably since its 11/03/10 IPO at $20 per share. Its limited history makes it a questionable choice under the fact-based system, especially after its considerable spike higher this week.
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TGA - NASDAQ - ENERGY - Independent Oil & Gas Transglobe Energy Corp	$16.77	+1.32 8.54%	$15.90	$16.88	-0.65%	576,713 157.44%	366,300
Most Recent Note for TGA - 11/24/2010 1:11:03 PM Gain on heavy volume today for another new all-time high. This Canadian Oil/Gas - Exploration/Production firm is very extended from any sound base. As previously noted - "Its earnings history has been erratic and below guidelines of the fact-based system."
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TIF - NYSE - SPECIALTY RETAIL - Jewelry Stores Tiffany & Co	$61.20	+2.93 5.03%	$61.00	$61.54	-0.55%	4,594,312 230.40%	1,994,100
Most Recent Note for TIF - 11/24/2010 1:13:02 PM Gapped up today with heavy volume behind gains this week lifting it well above its 2007 all-time high. The well-known Retail/Wholesale Jewelry firm was noted for the first time in three years in the 11/16/10 mid-day report day report - "Sales revenues and earnings growth have been improving in recent quarters, but prior quarters and its annual earnings (A criteria) history fall below the investment system's guidelines."
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TRS - NASDAQ - MANUFACTURING - Diversified Trimas Corp	$19.40	+0.37 1.94%	$19.22	$19.55	-0.77%	190,801 86.69%	220,100
Most Recent Note for TRS - 11/24/2010 1:15:46 PM Inching steadily to new all-time highs in recent weeks with gains mostly lacking great volume conviction. It has a history of healthy base-on-base type patterns over the past year and faces no overhead supply. It is extended from any sound base pattern and up more than 15-fold from a low below $1.00 in March '09. Earnings history (A criteria) is below guidelines of the fact-based system.
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TTM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Tata Motors Ltd Ads	$35.73	+3.23 9.94%	$34.88	$36.36	-1.73%	3,231,433 189.78%	1,702,700
Most Recent Note for TTM - 11/24/2010 1:18:42 PM Considerable gain today with heavy volume, poised for a new all-time high close. Recent wider than usual intra-day price swings were noted as signs of uncertainty. Recent mid-day reports noted - "No overhead supply exists. It rebounded remarkably from its March 2009 lows near $3, and it is extended from any sound base after steadily rallying to new highs above its 2006-2007 highs since August. This India-based maker of automobiles had a loss in FY '09 that marred its previously good annual earnings (A criteria) history. Its latest quarterly comparisons show great improvement in sales revenues and earnings versus year ago losses."
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ZBRA - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Zebra Tech Corp Cl A	$37.26	+0.23 0.62%	$37.71	$38.83	-4.04%	184,343 76.17%	242,000
Most Recent Note for ZBRA - 11/24/2010 1:21:46 PM Consolidating since last noted on 11/04/10 in the mid-day report as it gapped up for a new 52-week high. It steadily rallied since noted in the 9/30/10 mid-day report - "Extended from prior highs in the $31* area. Recent quarters show sales and earnings improving after a streak of negative comparisons."*
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