Mid-Day Breakouts Report - Wednesday, December 22nd, 2010

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, DECEMBER 22ND, 2010
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DOW 11561.88 28.72 (0.25%) | NASDAQ 2671.6 3.99 (0.15%) | S&P 500 1258.92 4.32 (0.34%)

Time of Screening : 12/22/2010 12:15:12 PM Report Released : 12/22/2010 1:29:02 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
NEOG - NASDAQ Neogen Corp	$41.27	+0.17 0.41%	$41.29	81,748 100.80% of 50 DAV 50 DAV is 81,100	$41.96 -1.64%	9/1/2010	$30.79	PP = $30.49 MB = $32.01
Most Recent Note - 12/22/2010 1:09:48 PM G - Higher volume without meaningful price progress in the past week is a sign of distributional pressure while it has continued to hover near all-time highs, stubbornly holding its ground. It has been noted repeatedly as extended from any sound base after steadily advancing. Its 50 DMA line has been a reliable support level. >>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$11.31	-0.12 -1.05%	$11.78	$11.78	-3.99%	166,109 120.89%	137,400
Most Recent Note for ALLT - 12/22/2010 12:22:13 PM Holding its ground after hitting a new 52-week high today. Repeatedly noted as extended from any sound base after recent volume-driven gains. Prior mid-day reports noted -"Recent quarterly comparisons show sales increases in the +33-36% range while it has been reporting earnings versus year ago losses. This low-priced Israeli Computer - Networking firm does not have a good annual earnings history (A criteria)."
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ALTR - NASDAQ - Computer Sftwr-Design Altair Engineering Cl A	$36.00	+0.19 0.53%	$36.05	$38.14	-5.61%	6,510,754 76.81%	8,476,000
Most Recent Note for ALTR - 12/22/2010 12:26:05 PM A gap down today led to a pullback near its 50 DMA line, yet it has quickly rebounded for a positive reversal. It has steadily advanced since last noted in the 10/01/10 mid-day report - "Strong leadership (L criteria) in the Semiconductor industry has recently helped many tech firms with sub par fundamentals reach new 52-week highs. ALTR has shown great sales revenues and earnings (C criteria) acceleration in recent quarterly comparisons versus the year-ago period. Its annual earnings (A criteria) history is below the guidelines of the fact-based system."
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ANEN - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Anaren Inc	$21.01	+0.04 0.19%	$21.36	$21.78	-3.54%	44,585 76.87%	58,000
Most Recent Note for ANEN - 12/22/2010 12:29:01 PM Perched near its 52-week high today after a recent bout of distribution. It steadily rose since last noted in the 12/01/10 mid-day report - "Recent quarterly financial reports show sales and earnings growth improving, but lackluster prior quarters and its up and down annual (A criteria) earnings history fall below the fact-based investment system guidelines. It was noted in the 7/13/09 mid-day report - 'Went through a deep correction after it was dropped from the Featured Stocks list on 10/03/06.'"
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$20.69	+0.91 4.59%	$21.03	$21.03	-1.63%	5,836,716 201.63%	2,894,800
Most Recent Note for ARMH - 12/22/2010 12:42:43 PM Gapped up today for a new 52-week high after breaking out from a cup-with-handle type base with a considerable gap up gain on heavy volume on the prior session. Today's gain helped it rise, after a healthy consolidation, above the high that it hit when it was last noted in the 9/24/10 mid-day report -"No resistance remaining after recent volume-driven gains, and noted in recent mid-day reports - 'After basing above its 50 DMA line for about 5 weeks since gapping up on 7/23/10. Recent quarters show improving sales and earnings however its prior comparisons and annual earnings history (A criteria) are below the guidelines of the fact based investment system.'"
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ASMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M International Adr	$33.45	+0.87 2.67%	$33.63	$33.63	-0.54%	70,484 90.25%	78,100
Most Recent Note for ASMI - 12/22/2010 12:44:19 PM Gapped up today for another new 52-week high, and briefly traded above its 2008 high ($33.60). The 12/21/10 mid-day report noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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BSQR - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software B Square Corp	$8.22	+0.14 1.73%	$8.56	$8.87	-7.33%	167,596 115.66%	144,900
Most Recent Note for BSQR - 12/22/2010 12:45:35 PM Hovering near its 52-week high after last week's considerable gains on heavy volume. Prior mid-day reports noted it as - "Extended from any sound base after a streak of volume-driven gains. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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CYD - NYSE - MANUFACTURING - Diversified Machinery China Yuchai Intl Ltd	$32.36	+1.24 3.98%	$32.45	$32.45	-0.28%	474,890 102.61%	462,800
Most Recent Note for CYD - 12/22/2010 12:49:42 PM Hitting yet another new 52-week high with above average volume behind another considerable gain today after gapping up for a 3rd consecutive session. It found support above prior chart highs and its 50 DMA line during its consolidation since noted in the prior mid-day reports - "Reported earnings +38%* on -3% sales revenues for the quarter ended September 30, 2010 versus the year ago period."* Prior 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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IXYS - NASDAQ - ELECTRONICS - Semiconductor - Specialized I X Y S Corp	$12.02	+0.05 0.42%	$12.06	$12.38	-2.91%	86,768 83.75%	103,600
Most Recent Note for IXYS - 12/22/2010 12:53:44 PM Perched near its 52-week high. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines.
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$20.18	+0.63 3.21%	$20.24	$20.24	-0.31%	4,651,610 129.83%	3,582,900
Most Recent Note for JBL - 12/22/2010 12:57:38 PM Gapped up today after a considerable gap up gain on 12/21/10 for a new 52-week high. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. JBL was last noted in the 3/27/06 mid-day report with cautionary remarks, and it subsequently fell to as low as $3.10 before rebounding impressively last year.
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KKD - NYSE - LEISURE - Restaurants Krispy Kreme Doughnuts	$7.70	-0.32 -3.99%	$7.86	$8.14	-5.41%	908,855 105.83%	858,800
Most Recent Note for KKD - 12/22/2010 1:00:12 PM Gapped down today after hitting a new 52-week high with the prior session's considerable volume-driven gain. The 12/21/10 mid-day report noted it as - "Extended from a sound base. Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$7.54	+0.34 4.72%	$7.72	$7.72	-2.33%	598,254 171.81%	348,200
Most Recent Note for MERC - 12/22/2010 1:06:11 PM Gapped up today and hit a new 52-week high. It found support above prior highs and its 50 DMA line since the 12/02/10 mid-day report noted - "Recent quarterly comparisons showed improved sales and earnings but its erratic earnings history falls below the investment system guidelines. This low-priced stock technically broke out on 11/02/10 with a gap up gain on heavy volume. It is perched near its 52-week high today. As previously noted, low-priced stocks are riskier candidates which are discouraged from being considered buy candidates the investment system guidelines."
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MGA - NYSE - AUTOMOTIVE - Auto Parts Magna Intl Inc	$51.87	-0.71 -1.35%	$52.77	$52.91	-1.97%	916,847 86.93%	1,054,700
Most Recent Note for MGA - 12/22/2010 1:07:18 PM Hit a new 52-week high on the prior session and it is pulling back today. Recent mid-day reports noted - "Hovering near its 52-week high. Leadership in the group has been a factor in its recent strength. Its earnings history is below guidelines. Shares split 2:1* on 11/26/10."*
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NNBR - NASDAQ - MANUFACTURING - Machine Tools & Accessories N N Inc	$11.61	+0.15 1.31%	$11.71	$11.71	-0.85%	131,380 103.61%	126,800
Most Recent Note for NNBR - 12/22/2010 1:11:04 PM Holding its ground stubbornly and inching to new 52-week highs following considerable gains with above average volume in the past week. Noted in prior mid-day reports - "Recent quarterly comparisons show improving sales and earnings after big losses in FY '09."
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$7.96	+0.06 0.76%	$8.20	$8.20	-2.92%	269,855 115.52%	233,600
Most Recent Note for NVMI - 12/22/2010 1:13:49 PM Touched another new 52-week high today. This low-priced Semiconductor Equipment firm headquartered in Israel was noted in prior mid-day reports - "Recent quarterly comparisons showed sales and earnings improving, but its prior earnings history has been quite erratic and below the investment system's guidelines."
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PRGS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Progress Software Corp	$44.11	+2.94 7.14%	$45.23	$45.23	-2.48%	666,685 282.61%	235,900
Most Recent Note for PRGS - 12/22/2010 1:16:44 PM Hit a new 52-week high with today's considerable volume-driven gain. It has steadily advanced and stubbornly held its ground since the 10/15/10 mid-day report noted - "Rallying to a new 52-week and multi-year high. Earnings increases above the +25% guideline in the 3 latest quarterly comparisons are a reassuring sign and helped it earn high ranks. However, sales revenues increases in the +6-9% range over the recent period fall below the fact-based investment system's guidelines for robust growth in demand typical of a hot new (N criteria) product or service. On 12/20/2005 it was dropped from the CANSLIM.net Featured Stocks list."
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STKL - NASDAQ - MANUFACTURING - Diversified Machinery Sunopta Inc	$8.17	-0.29 -3.43%	$8.27	$8.83	-7.47%	879,313 203.64%	431,800
Most Recent Note for STKL - 12/22/2010 1:18:42 PM Rebounding from this session's early lows which tested support at a prior chart high. The 12/21/10 mid-day report noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Reversed into the red today after first touching a new 52-week high following a streak of 9 consecutive gains with ever-increasing volume."
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TIBX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Tibco Software Inc	$20.62	-0.56 -2.64%	$22.08	$22.08	-6.61%	4,424,649 194.28%	2,277,500
Most Recent Note for TIBX - 12/22/2010 1:28:31 PM Hit a new 52-week high today and then reversed into the red while trading heavy volume following its report of earnings +35% on +23% sales revenues for the quarter ended November 30, 2010. It now has a streak of 4 quarterly comparisons with +25% earnings (good C criteria) increases with good sales revenues growth. It also has a good annual earnings (A criteria) history, and leadership (L criteria) in the Computer Software - Database group is reassuring. In recent months it wedged into new high territory without great volume conviction and it did not form a sound new base pattern, yet found support above its 50 DMA line since last noted on 9/28/10 following its considerable 9/24/10 gap up gain when it was noted - "Patient investors may watch for a sound base to form and offer ideal secondary buy points."
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