FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, April 18th, 2012

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AFTER MARKET UPDATE - WEDNESDAY, APRIL 18TH, 2012

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Indices				NYSE			Nasdaq
DOW	-82.79	13,032.75	-0.63%	Volume	720,971,400	+2%	Volume	1,544,340,090	+4%
NASDAQ	-11.37	3,031.45	-0.37%	Advancers	971	31%	Advancers	743	29%
S&P 500	-5.64	1,385.14	-0.41%	Decliners	2,016	65%	Decliners	1,737	67%
Russell 2000	-7.31	803.32	-0.90%	52 Wk Highs	50		52 Wk Highs	55
S&P 600	-4.16	450.59	-0.91%	52 Wk Lows	42		52 Wk Lows	50

TODAY'S SPECIAL NOTICE

Do not miss the "Ken's Mailbag Q&A" included near the bottom of this report below the Featured Stock Update table. Many members have voiced positive comments concerning this occasional inter-active feature with our Certified Expert, and we hope these informative exchanges may be helpful to all members.

Indices Pulled Back on Slightly Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The three major averages collectively pulled back on Wednesday after the prior session's big gains. The volume totals were reported slightly higher than the prior session totals on the NYSE and on the Nasdaq exchange, a discouraging sign of more selling pressure (termed "distribution") by the institutional crowd. Breadth was negative as decliners led advancers by more than 2-1 on both the NYSE and on the Nasdaq exchange. The total number of stocks hitting new 52-week highs still outnumbered new 52-week lows on both the NYSE and on the Nasdaq exchange. There were 32 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 48 stocks. The session concluded with gains for 18 of the 33 high-ranked companies currently included on the Featured Stocks Page.

Stocks slid at the open of trade as market participants responded to weakness among Europe's major bourses. Renewed concerns about Spain's financial health continued to linger and weigh on sentiment.

Crude oil futures contracts closed pit trade with the energy component priced at $102.67 per barrel after a -1.5% loss. Oil prices had actually pared losses in the minutes that immediately followed a bearish weekly inventory report. Oilfield services outfit Halliburton Co (HAL +4.62%) was a standout in the space, thanks largely to a positive response to its better-than-expected earnings report.

Better-than-expected bottom line results helped both Seagate Technology (STX +3.84%) and Yahoo! Inc (YHOO +3.20%). Meanwhile, International Business Machines Corp (IBM -3.53%) and Intel Corp (INTC -1.83%) bested what Wall Street had expected of their earnings results, but neither attracted buyers. Their weakness weighed on the tech sector.

The major averages' (M criteria) rally continues to be sustained by a healthy crop of high ranked stocks providing market leadership (stocks making new 52-week highs). Any additional technical deterioration in the major averages' charts below their 50-day moving average lines and latest lows would raise greater concerns. On a case-by-case basis, eliminating any stocks showing signs of fundamental or technical weakness is precisely how the fact-based system helps investors raise cash and avoid setbacks during any market downturn.

PICTURED: The S&P 500 Index recently made a stand near its 50-day moving average (DMA) line.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. 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.

Financial, Tech, and Commodity-Linked Groups Created a Drag
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.62%) and Broker/Dealer Index ($XBD -0.56%) ended with small losses on Wednesday as financial stocks created a slight drag on the major averages. The Networking Index ($NWX -1.52%), Biotechnology Index ($BTK -1.09%), and the Semiconductor Index ($SOX -0.87%) each lost ground, meanwhile the Internet Index ($IIX +0.09%) was a standout as it finished essentially flat. The Gold & Silver Index ($XAU -0.65%) and Integrated Oil Index ($XOI -0.48%) edged lower while the Oil Services Index ($OSX +0.20%) posted a small gain. The Retail Index ($RLX +0.35%) edged higher and the Healthcare Index ($HMO -0.11%) inched lower.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.52%) is below its 50-day moving average (DMA) line which is now acting as a resistance level.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	230.53	+0.45	+0.20%	+6.59%
Healthcare	$HMO	2,592.78	-2.98	-0.11%	+13.64%
Integrated Oil	$XOI	1,210.30	-5.83	-0.48%	-1.53%
Semiconductor	$SOX	419.51	-3.69	-0.87%	+15.11%
Networking	$NWX	239.07	-3.68	-1.52%	+11.11%
Internet	$IIX	324.17	+0.30	+0.09%	+15.06%
Broker/Dealer	$XBD	99.68	-0.56	-0.56%	+19.71%
Retail	$RLX	625.07	+2.15	+0.35%	+19.47%
Gold & Silver	$XAU	165.96	-1.08	-0.65%	-8.13%
Bank	$BKX	48.19	-0.30	-0.62%	+22.37%
Biotech	$BTK	1,328.11	-14.62	-1.09%	+21.69%

Strong Earnings and Perched in Tight Range Near All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report. The most relevant factors are noted in the report which alerts prudent CANSLIM oriented investors to place the issue in their watch list. After doing any necessary backup research, the investor is prepared to act after the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover) but before it gets too extended from a sound base. In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list. Disciplined investors know to buy as near as possible to the pivot point and avoid chasing stocks after they have rallied more than +5% above their pivot point. It is crucial to always limit losses whenever any stock heads the wrong direction, and disciplined investors sell if a struggling stock ever falls more than -7% from their purchase price.

Vmware Inc (VMW +$0.80 or +0.72% to $111.29) posted a gain today with nearly twice its average volume. It was highlighted in yellow in the mid-day report earlier today (read here) with pivot point cited based on its 52-week high plus 10 cents after a few very tight closes on its weekly chart while also finding support at its 10-week moving average (WMA) line. It found support at its 50-day moving average (DMA) line last week while retreating from its 52 week high after recently wedging up without especially great volume conviction behind its gains. A volume-driven gain into new high territory would help it trigger a proper technical buy signal from an advanced "3-weeks tight" type base pattern.

Volume and volatility often increase near earnings news. The 4/11/12 mid-day report noted - "Due to report earnings on Wednesday, April 18th. The past 8 quarterly comparisons through Dec '11 have shown strong earnings per share and sales revenues increases versus the year ago periods. A slight downturn in its FY '09 earnings is a small flaw with respect to the A criteria of the fact-based system." After today's close it reported stronger than consensus earnings and raised its yearly guidance. Still, disciplined investors would watch and wait for a convincing breakout before any new buying efforts are justifiable under the fact-based investment system. Without a fresh sign of heavy institutional accumulation there is not a strong argument that it is capable of making a sustained and meaningful advance.

The number of top-rated funds owning its shares rose from 711 in Jun '11 to 827 in Mar '12, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 also offers an unbiased indication its shares have been under accumulation over the past 50 days.

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
ACN - NYSE Accenture Plc DIVERSIFIED SERVICES - Business/Management Services	$63.56	-0.62 -0.97%	$63.95	3,650,623 111.42% of 50 DAV 50 DAV is 3,276,500	$65.89 -3.54%	3/23/2012	$64.13	PP = $63.76
								MB = $66.95
Most Recent Note - 4/17/2012 5:35:28 PM Y - Solid gain today with higher volume, rebounding back above its pivot point. Found support near prior highs in the $62-63 area and stayed well above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 3/23/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ADS - NYSE Alliance Data Sys Corp COMPUTER SOFTWARE and SERVICES - Information and Delivery Service	$127.34	-0.30 -0.24%	$127.77	950,911 155.99% of 50 DAV 50 DAV is 609,600	$128.44 -0.86%	1/17/2012	$108.24	PP = $107.43
								MB = $112.80
Most Recent Note - 4/17/2012 5:36:29 PM G - No resistance remains due to overhead supply and it hit a new all-time high today with above average volume behind its gain after a brief consolidation above its 50 DMA line. Fundamental concerns were raised by earnings reported +9%, well below the +25% minimum guideline, for the latest quarter ended December 31, 2011 versus the year-ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 2/29/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ALLT - NASDAQ Allot Communications Ltd COMPUTER SOFTWARE andamp; SERVICES - Technical andamp; System Software	$24.31	+0.38 1.59%	$24.48	242,719 50.76% of 50 DAV 50 DAV is 478,200	$24.96 -2.60%	3/13/2012	$19.72	PP = $18.91
								MB = $19.86
Most Recent Note - 4/18/2012 1:37:19 PM G - Volume totals have been cooling while stubbornly holding its ground, a sign that few are exiting, while it remains perched near its 52-week high. Its latest consolidation has been brief, yet it may be forming an advanced "3-weeks tight" base well above its 50 DMA line and prior highs near $18-19 that define support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/19/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$90.36	+0.65 0.72%	$91.21	677,307 52.32% of 50 DAV 50 DAV is 1,294,500	$95.01 -4.89%	3/12/2012	$87.87	PP = $87.73
								MB = $92.12
Most Recent Note - 4/16/2012 7:02:56 PM G - Testing support at its 50 DMA line today, which nearly coincides with its latest pivot point cited, after encountering recent distributional pressure. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
BODY - NASDAQ Body Central Corp RETAIL - Catalog andamp; Mail Order Houses	$27.76	+0.08 0.29%	$27.87	153,210 77.26% of 50 DAV 50 DAV is 198,300	$29.49 -5.87%	4/18/2012	$27.44	PP = $29.59
								MB = $31.07
Most Recent Note - 4/18/2012 1:41:04 PM Y - Hovering near its 50 DMA line today, finding support near that important short-term average. Color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. Volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Subsequent damaging losses below its recent lows would raise more serious concerns and trigger additional sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 3/13/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
CDNS - NASDAQ Cadence Design Systems COMPUTER SOFTWARE and SERVICES - Technical and System Software	$11.75	-0.04 -0.30%	$11.79	1,823,390 63.28% of 50 DAV 50 DAV is 2,881,300	$12.60 -6.79%	2/3/2012	$11.66	PP = $11.15
								MB = $11.71
Most Recent Note - 4/18/2012 1:42:38 PM G - Still lingering below its 50 DMA line which may now act as resistance. Last week's low ($11.20 on 4/10/12) defines important near-term support level above its 200 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 3/28/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$78.88	-0.29 -0.37%	$79.62	2,069,392 77.11% of 50 DAV 50 DAV is 2,683,700	$80.42 -1.91%	2/2/2012	$74.16	PP = $75.21
								MB = $78.97
Most Recent Note - 4/18/2012 1:45:31 PM G - Volume totals have been cooling while still stubbornly holding its ground and dipping below its "max buy" level briefly during the past week. Its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/26/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
COO - NYSE Cooper Companies Inc HEALTH SERVICES - Medical Instruments and Supplies	$84.93	+0.77 0.91%	$85.00	467,000 110.87% of 50 DAV 50 DAV is 421,200	$84.82 0.13%	3/9/2012	$83.05	PP = $81.02
								MB = $85.07
Most Recent Note - 4/18/2012 1:51:04 PM Y - Inching higher today with below average volume, trading at its 52-week high and near its "max buy" level. Wedging higher with no resistance remaining, but not showing signs of institutional accumulation since its big 4/05/12 gain on high volume. Its Relative Strength rating has improved to 84 now, better than the 80+ guideline for buy candidates. >>> The latest Featured Stock Update with an annotated graph appeared on 3/9/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
DISH - NASDAQ Dish Network Corp Cl A CONSUMER DURABLES - Electronic Equipment	$30.75	-1.08 -3.39%	$31.86	6,475,163 262.33% of 50 DAV 50 DAV is 2,468,300	$35.64 -13.72%	3/7/2012	$30.83	PP = $30.10
								MB = $31.61
Most Recent Note - 4/18/2012 1:27:09 PM G - Violated its 50 DMA line and slumping near its pivot point with a damaging loss today on above average volume raising concerns. A prompt show of support near that important short-term average would help its outlook, but a weak finish and further deterioration would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 3/14/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FEIC - NASDAQ F E I Co ELECTRONICS - Diversified Electronics	$47.45	-0.74 -1.54%	$47.96	257,173 81.56% of 50 DAV 50 DAV is 315,300	$49.92 -4.95%	12/7/2011	$41.41	PP = $42.35
								MB = $44.47
Most Recent Note - 4/18/2012 2:04:49 PM G - Volume totals have been cooling while consolidating above its 50 DMA line. The latest quarterly report showed +21% earnings for the Dec '11 quarter, below the +25% minimum guideline for earnings growth. >>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
GNC - NYSE G N C Holdings Inc RETAIL - Drug Stores	$35.17	+0.46 1.33%	$35.43	1,813,995 113.13% of 50 DAV 50 DAV is 1,603,400	$36.10 -2.58%	1/19/2012	$28.99	PP = $29.60
								MB = $31.08
Most Recent Note - 4/17/2012 3:46:35 PM G - Posting a solid gain today on higher volume, rallying after a pullback near its 50 DMA line, important support to watch on pullbacks. It completed Secondary Offerings on 10/25/11 and 3/13/12 after making steady progress following its 4/01/11 IPO. >>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
HLF - NYSE Herbalife Ltd DRUGS - Nutrition and Weight Management	$70.93	+1.10 1.58%	$71.45	1,209,813 89.27% of 50 DAV 50 DAV is 1,355,300	$72.11 -1.64%	4/18/2012	$71.19	PP = $72.21
								MB = $75.82
Most Recent Note - 4/18/2012 2:03:02 PM Y - Color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents after forming an orderly flat base of sufficient length. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Consolidating above its 50 DMA line, important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/13/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ISRG - NASDAQ Intuitive Surgical Inc HEALTH SERVICES - Medical Appliances and Equipment	$584.52	+38.99 7.15%	$594.89	1,413,211 537.34% of 50 DAV 50 DAV is 263,000	$554.13 5.48%	12/20/2011	$442.43	PP = $449.16
								MB = $471.62
Most Recent Note - 4/18/2012 12:38:03 PM G - Gapped up today, rallying from support at its 10-week moving average (WMA) line for a considerable volume-driven gain after reporting earnings +35% on +28% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Color code remains green yet some may consider it a secondary buy point up to +5% above the latest high, and it also can be labeled a "breakaway gap" from a late-stage "3-weeks tight" base, an advanced base pattern. While it may produce more climactic gains, disciplined investors always limit losses if any stock falls -7% from their purchase price. It is on track for a 10th consecutive weekly gain. >>> The latest Featured Stock Update with an annotated graph appeared on 3/1/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$74.78	-0.13 -0.17%	$75.33	1,228,014 62.30% of 50 DAV 50 DAV is 1,971,200	$77.13 -3.05%	1/10/2012	$60.97	PP = $59.46
								MB = $62.43
Most Recent Note - 4/16/2012 12:16:07 PM G - Holding its ground since a damaging loss on 4/10/12 violated a previously noted upward trendline connecting January-March lows. Its 50 DMA line defines the next important support level to watch. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MA - NYSE Mastercard Inc Cl A DIVERSIFIED SERVICES - Business/Management Services	$436.70	-1.73 -0.39%	$440.97	520,790 62.11% of 50 DAV 50 DAV is 838,500	$443.80 -1.60%	3/12/2012	$419.86	PP = $428.67
								MB = $450.10
Most Recent Note - 4/16/2012 5:48:34 PM Y - Pulled back with lighter volume today following a prior gain on near average volume, not a fresh sign of institutional buying demand. Its 50 DMA line defines near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$90.56	-1.98 -2.14%	$92.27	897,846 184.51% of 50 DAV 50 DAV is 486,600	$104.50 -13.34%	2/6/2012	$97.09	PP = $95.58
								MB = $100.36
Most Recent Note - 4/16/2012 1:48:05 PM G - Color code is changed to green while slumping below its 50 DMA line toward the recent low ($91.38 on 3/06/12) that defines the next important support area to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/29/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MG - NYSE Mistras Group Inc DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services	$23.48	-0.59 -2.45%	$24.21	105,752 97.92% of 50 DAV 50 DAV is 108,000	$26.24 -10.52%	3/22/2012	$24.96	PP = $26.34
								MB = $27.66
Most Recent Note - 4/17/2012 5:38:04 PM G - Found support near its 50 DMA line and posted a gain today with light volume. Subsequent gains above its recent chart highs are needed to help its technical stance improve. Remained below the new pivot point cited in the 3/22/12 mid-day report based on its 52-week high plus 10 cents, not triggering a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 4/2/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MKTX - NASDAQ Marketaxess Holdings Inc FINANCIAL SERVICES - Investment Brokerage - Nationa	$36.12	-0.33 -0.91%	$36.46	116,289 37.32% of 50 DAV 50 DAV is 311,600	$37.95 -4.82%	3/8/2012	$35.80	PP = $35.52
								MB = $37.30
Most Recent Note - 4/16/2012 1:59:56 PM Y - Gapped up today, rallying within close striking distance of its best-ever close. Color code is changed to yellow based on its impressive resilience after finding prompt support. Rebounded above its 50 DMA line after an intra-day violation on 4/12/12 and loss with heavy volume raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$59.69	+1.85 3.20%	$59.90	783,135 114.73% of 50 DAV 50 DAV is 682,600	$60.47 -1.29%	3/19/2012	$56.18	PP = $55.10
								MB = $57.86
Most Recent Note - 4/17/2012 5:50:42 PM Y - Up today on higher but below average volume, rallying to a strong close near its "max buy" level. Last week's low and prior highs in the $55 area define important near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/27/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$58.25	+1.02 1.78%	$58.75	1,574,105 77.81% of 50 DAV 50 DAV is 2,023,000	$59.43 -1.99%	2/2/2012	$46.69	PP = $45.55
								MB = $47.83
Most Recent Note - 4/17/2012 5:52:05 PM G - Up today with higher but below average volume. Extended from its prior base and consolidating above its 50 DMA line which defines important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/10/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
RGR - NYSE Sturm Ruger & Co Inc CONSUMER DURABLES - Sporting Goods	$51.46	+1.44 2.88%	$51.85	466,211 126.83% of 50 DAV 50 DAV is 367,600	$53.29 -3.43%	3/22/2012	$46.49	PP = $46.78
								MB = $49.12
Most Recent Note - 4/18/2012 1:52:17 PM G - Still holding its ground within close striking distance of its best-ever close. Found prompt support after a pullback near its prior high in the $46 area previously noted as support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
RRTS - NYSE Roadrunner Trans Systems TRANSPORTATION - Air Delivery and Freight Service	$17.28	-0.08 -0.46%	$17.40	34,325 30.19% of 50 DAV 50 DAV is 113,700	$18.59 -7.05%	2/10/2012	$17.40	PP = $17.50
								MB = $18.38
Most Recent Note - 4/18/2012 1:54:41 PM G - Sputtering near its 50 DMA line today. After finding recent support, any subsequent deterioration below the prior low ($16.65 on 4/10/12) would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 4/9/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SHFL - NASDAQ Shuffle Master Inc MANUFACTURING - Diversified Machinery	$16.94	+0.02 0.12%	$17.01	188,079 28.82% of 50 DAV 50 DAV is 652,700	$18.77 -9.75%	3/6/2012	$17.07	PP = $15.25
								MB = $16.01
Most Recent Note - 4/18/2012 1:57:37 PM G - Volume totals have been cooling while recently consolidating above its 50 DMA line. Last week's low and its short-term average define important near-term chart support to watch. It is -9.5% off its 52-week high today, extended from any sound base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SXCI - NASDAQ S X C Health Solutions COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$89.36	+9.10 11.33%	$89.58	13,458,607 3,120.47% of 50 DAV 50 DAV is 431,300	$81.67 9.42%	2/23/2012	$68.24	PP = $66.05
								MB = $69.35
Most Recent Note - 4/18/2012 1:03:08 PM G - Gapped up today for a considerable gain and yet another new 52-week high on news it will acquire and merge with Catalyst Health Solutions Inc (CHSI). It is extended from its prior base and well above its 50 DMA line defining support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/6/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$120.20	+1.07 0.90%	$121.45	447,776 104.82% of 50 DAV 50 DAV is 427,200	$121.48 -1.05%	2/29/2012	$120.10	PP = $118.93
								MB = $124.88
Most Recent Note - 4/17/2012 5:56:43 PM Y - Rising from its 50 DMA line and it finished today at a best-ever close but its gain came with below average volume. Volume-driven gains for a new high close would be an encouraging sign of fresh institutional buying demand that could lead to a meaningful advance. Meanwhile, deterioration below prior lows ($110.60 on 3/20/12) would trigger a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 3/30/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
TIBX - NASDAQ Tibco Software Inc COMPUTER SOFTWARE and SERVICES - Business Software and Services	$34.20	+1.04 3.14%	$34.67	13,545,495 546.19% of 50 DAV 50 DAV is 2,480,000	$33.69 1.51%	3/30/2012	$31.01	PP = $31.25
								MB = $32.81
Most Recent Note - 4/18/2012 1:03:53 PM G - Up today with volume running at an above average pace while getting further extended from its previous base. Color code was changed to green after rising beyond the cited "max buy" level. An upward trendline connecting its December, March, and April lows defines an initial support level to watch above additional support at prior highs in the $31 area and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 4/5/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
TNGO - NASDAQ Tangoe Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$19.40	-0.06 -0.31%	$19.70	371,477 59.28% of 50 DAV 50 DAV is 626,700	$20.05 -3.24%	3/27/2012	$19.35	PP = $20.00
								MB = $21.00
Most Recent Note - 4/16/2012 5:44:08 PM G - Gapped up today and challenged its 52-week high then reversed into the red for a small loss with below average volume. Found prompt support after recent violations of its 50 DMA line triggered technical sell signals following a 3/20/12 Public Offering. >>> The latest Featured Stock Update with an annotated graph appeared on 4/3/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
TSCO - NASDAQ Tractor Supply Co SPECIALTY RETAIL - Specialty Retail, Other	$99.66	+0.53 0.53%	$99.81	867,270 115.24% of 50 DAV 50 DAV is 752,600	$99.39 0.27%	1/12/2012	$79.12	PP = $75.58
								MB = $79.36
Most Recent Note - 4/17/2012 5:32:58 PM G - Hovering at its all-time high today, very extended from its prior base. Its 50 DMA line defines support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/17/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$97.02	+0.63 0.65%	$97.66	537,659 59.14% of 50 DAV 50 DAV is 909,100	$99.35 -2.34%	2/15/2012	$85.77	PP = $84.86
								MB = $89.10
Most Recent Note - 4/17/2012 5:44:52 PM G - Volume totals have been cooling while consolidating above its 50 DMA line. Prior gains above its pivot point did not have volume sufficient to trigger a proper technical buy signal, and recent losses on higher volume (near average, but above prior session totals) indicate mild distributional pressure while working on a possible new base-on-base pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 4/4/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
UBNT - NASDAQ Ubiquiti Networks Inc TELECOMMUNICATIONS - Diversified Communication Serv	$32.30	-0.89 -2.68%	$33.17	329,046 96.35% of 50 DAV 50 DAV is 341,500	$35.32 -8.55%	4/12/2012	$33.89	PP = $34.07
								MB = $35.77
Most Recent Note - 4/16/2012 1:51:18 PM Y - Pulling back today from high today from an all-time high hit on the prior session. Its color code was changed to yellow with new pivot point cited based on its 3/26/12 high plus 10 cents after forming an advanced "ascending base" pattern marked by 3 pullbacks of 10-20% following its previous breakout. A volume-driven gain did not yet trigger a proper new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 3/21/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$95.56	+1.10 1.16%	$96.33	521,412 76.58% of 50 DAV 50 DAV is 680,900	$95.85 -0.30%	1/11/2012	$71.97	PP = $75.80
								MB = $79.59
Most Recent Note - 4/16/2012 1:54:07 PM G - Touched a new high today then reversed into the red. Its 50 DMA line defines support to watch well above its prior highs in the $75 area. >>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
V - NYSE Visa Inc Cl A DIVERSIFIED SERVICES - Business/Management Services	$121.78	-0.30 -0.25%	$122.48	2,119,840 60.38% of 50 DAV 50 DAV is 3,510,800	$123.68 -1.54%	3/12/2012	$116.53	PP = $119.46
								MB = $125.43
Most Recent Note - 4/16/2012 5:39:38 PM Y - Pulled back today with a loss on above average volume. Friday's gain backed by +49% above average volume technically confirmed a buy signal. Its 50 DMA line defines support to watch well above prior highs in the $103-104 area. >>> The latest Featured Stock Update with an annotated graph appeared on 3/7/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
VMW - NYSE Vmware Inc Cl A COMPUTER SOFTWARE andamp; SERVICES - Technical andamp; System Software	$111.29	+0.80 0.72%	$112.48	2,882,459 203.65% of 50 DAV 50 DAV is 1,415,400	$115.19 -3.39%	4/18/2012	$110.04	PP = $115.29
								MB = $121.05
Most Recent Note - 4/18/2012 5:35:22 PM Y - Reported better than consensus earnings for the quarter ended March 31, 2012 versus the year ago after the close today. It was featured in the mid-day report (read here) highlighted in yellow with a pivot point cited based on its 52-week high plus 10 cents after a few very tight closes on its weekly chart while also finding support at its 10-week moving average. Found support at its 50 DMA line last week while retreating from its 52 week high after recently wedging up without especially great volume conviction behind its gains. Volume and volatility often increase near earnings news. The 4/11/12 mid-day report noted - "Due to report earnings on Wednesday, April 18th. The past 8 quarterly comparisons through Dec '11 have shown strong earnings per share and sales revenues increases versus the year ago periods. A slight downturn in its FY '09 earnings is a small flaw with respect to the A criteria of the fact-based system." See the latest FSU analysis for more details and a new annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/18/2012. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M

Subscriber Question:

April 16, 2012

Dear Ken,

I upgraded my membership about a month ago, and I observe that most of the breakouts and leaders are above or near their 52 wk highs How often do you find qualifying stocks that are lower in their climb up the right side, not so near the years high? IBD recommends looking for stocks that are in lower stage bases.

Thanks so much for your time. Dave

Ken's Response:

April 18, 2012

Dear Dave,

Thanks for writing in with your questions. It is suggested by the creator of the fact-based system and they teach in the Certification that the best buy candidates are usually found while trading within 10% of their 52-week highs without a lot of "overhead supply" to hinder their upward progress. Especially after a strong first quarter like 2012 has begun with, we can safely conclude that any stocks that might be "lower in their climb up the right side" as you have described are lagging stocks, not leading the current rally. As a result, they may have lower Relative Strength ratings and they might not even be strong enough candidates to be included in the current Leaders List.

In other market environments, such as after a market correction and the start of a new confirmed uptrend, there may indeed be a far greater likelihood of seeing CANSLIM.net reports identifying stocks which have just formed first stage bases.

We appreciate any suggestions you may have on how we can improve our services. Please use the inquiry form if you have any other questions about the upgraded services we provide. We always say around here that if one person asks a question there were probably 20 other members who had the same question, but they were too busy and didn't take time to ask!

We wish you the utmost success with the fact-based investment system we support.

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

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