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AFTER MARKET UPDATE - MONDAY, JULY 2ND, 2012
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Indices NYSE Nasdaq
DOW  -8.70 12,871.39 -0.07% Volume 736,113,780 -33% Volume 1,746,801,260 -6%
NASDAQ +16.18 2,951.23 +0.55% Advancers 2,157 69% Advancers 1,606 62%
S&P 500 +3.35 1,365.51 +0.25% Decliners 903 29% Decliners 906 35%
Russell 2000 +9.45 807.94 +1.18% 52 Wk Highs 259   52 Wk Highs 155  
S&P 600 +3.74 449.18 +0.84% 52 Wk Lows 5   52 Wk Lows 29  

TODAY'S SPECIAL NOTICE

The mid-day and after-market reports will be published earlier than normal because the US market will have an early closing (1PM EST) on Tuesday, July 3rd.  The market will be closed Wednesday , July 4th!  We sincerely wish you a very happy Independence Day! 

Be sure to take time to watch the Q2 2012 WEBCAST which is now available "ON DEMAND" -
CLICK HERE


Major Averages End Mixed After Manufacturing Data Disappoints

Monday's session led to a mixed close for the major averages. The market recovered from its early lows with defensive sectors advancing to offset a retreat by economically sensitive stocks.  The volume totals were reported much lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive on the NYSE as advancers led decliners by more than a 2-1 ratio, and advancers led decliners by nearly a 2-1 ratio on the Nasdaq exchange. The total number of new 52-week highs swelled, solidly leading new 52-week lows on the NYSE and on the Nasdaq exchange, and the new lows total on the NYSE slumped into the single digits again. There were 106 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 86 stocks. At the session's close there were gains for 15 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

The major averages declined after a report showed manufacturing activity unexpectedly contracted in June. Materials and industrials were the worst performing sectors on session. Shares of E. I. du Pont de Nemours and Company (DD -2.25%) and Caterpillar Inc (CAT -1.45%) retreated. Disappointment in the manufacturing data offset news on the M&A front. Lincare Holdings Inc (LNCR +21.52%) jumped after Germany's Linde agreed to acquire the company for $3.8 billion. Amylin Pharmaceuticals Inc (AMLN +8.88%) advanced after Bristol-Meyers Squibb Co (BMY +0.28%) offered $5.3 billion to purchase the diabetes drug maker. Micron Technology Inc (MU +3.80%) rose after agreeing to buy bankrupt Japanese chipmaker Elpida Memory for $2.5 billion. Shares of Best Buy Inc (BBY +5.92%) climbed on reports the company's founder is close to making a bid for the electronics retailer.

Treasuries extended their gains following a report that showed the ISM manufacturing index fell to 49.7 in June from 53.5 in May. The 10-year was up 1/2 a point to yield 1.59%.  European markets closed higher on speculation of additional easing measures by the region's central banks. The FTSE added +1.3% in London while the DAX gained +1.2% in Frankfurt. Asian markets closed mixed. The Nikkei slipped -0.1% in Tokyo while the Shanghai Composite gained less than +0.1%

Friday's considerable volume-driven gains for the major averages with higher volume and a huge expansion in leadership (stocks making new 52-week highs) has reconfirmed a new upward trend concerning the M criteria. New buying efforts are again encouraged under the fact-based system only in worthy buy candidates with strong fundamental and technical characteristics matching all key investment criteria. The best buy candidates identified by CANSLIM.net's experts are always viewable on the Featured Stocks page that summarizes all high-ranked leaders which have been shown in recent reports as particularly noteworthy and action worthy. As always, disciplined investors avoid chasing extended stocks, and they limit losses if any stock ever falls more than -7% from its purchase price.

You can watch the Q2 2012 WEBCAST which is now available "ON DEMAND" - CLICK HERE (upgraded members only). Upgraded members now get access to these informative *Quarterly Webcasts included at no additional cost. (*Previously sold separately at $99 per webcast.)  Links to archived webcasts and all prior reports are on the Premium Member Homepage

PICTURED: The Dow Jones Industrial Average was down 8 points on lighter volume Monday. It rallied above its 50-day moving average (DMA) line with a +2.2% gain on higher volume Friday.


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.


Retail and Financial Indexes Posted Small Gains

A positive finish for the Retail Index ($RLX +0.40%) and modest gains for the Broker/Dealer Index ($XBD +0.31%) and Bank Index ($BKX +0.63%) helped offset weakness elsewhere on Monday. There was little net change for the Semiconductor Index ($SOX -0.17%), Internet Index ($IIX -0.12%), and the Networking Index ($NWX -0.00%). Commodity-linked groups were also very quiet as the Gold & Silver Index ($XAU +0.11%), Oil Services Index ($OSX -0.11%), and Integrated Oil Index ($XOI +0.13%) hugged the flat line. Meanwhile, the Healthcare Index ($HMO -1.58%) was a clear laggard.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +2.65%) tallied a solid gain as it rallied near its 2012 high..


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  201.14 -0.22 -0.11% -7.00%
Healthcare $HMO  2,193.22 -35.29 -1.58% -3.87%
Integrated Oil $XOI  1,167.01 +1.47 +0.13% -5.05%
Semiconductor $SOX  384.79 -0.67 -0.17% +5.58%
Networking $NWX  211.69 -0.00 -0.00% -1.61%
Internet $IIX  300.62 -0.37 -0.12% +6.70%
Broker/Dealer $XBD  88.09 +0.27 +0.31% +5.79%
Retail $RLX  617.37 +2.49 +0.40% +18.00%
Gold & Silver $XAU  157.71 +0.17 +0.11% -12.69%
Bank $BKX  46.08 +0.29 +0.63% +17.01%
Biotech $BTK  1,508.19 +38.99 +2.65% +38.18%


Volume Was Lighter Than Required For Technical Buy Signal

Vitamin Shoppe Inc (VSI +$1.14 or +2.08% to $56.07) was up today with below average volume for a best-ever close and a new 52-week high. A new pivot point was recently cited based on its 6/22/12 high after forming an 8-week cup-with-handle base. The minimum threshold for gains above a stock's pivot to clinch a proper new (or add-on) technical buy signal is at least +40% above average, and it is preferable for breakouts to be backed by even greater volume. Without great volume conviction driving a breakout, it is less likely that a stock will continue much higher for a meaningful advance.

VSI was last shown in this FSU section on 6/04/12 with an annotated graph under the headline, " Consolidating Above 50-Day Moving Average and Prior Highs". During its consolidation it found support near its 50-day moving average (DMA) line. Support to watch was defined by that important short-term average and its old highs in the $48 area. Fundamentally, it has earned high ranks after showing strong quarterly and annual earnings increases satisfying the C and A criteria. The number of top-rated funds owning its shares rose from 288 in Jun '11 to 333 in Mar '12, a reassuring sign concerning the I criteria. Leadership (L criteria) in the Retail - Specialty group, which has earned a 94 Group Relative Strength Rating, is a reassuring sign. Vitamin Shoppe has 29.4 million shares outstanding. That small supply is not a bad thing, but could contribute to greater price volatility. However, historic studies have shown that once companies have grown their supply (S criteria) of shares outstanding to hundreds of millions, or even billions of shares outstanding, they are less likely candidates to be "above average" gainers. 


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
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$103.83 +4.53
4.56%

$104.38

2,252,349
102.74% of 50 DAV
50 DAV is 2,192,200
$99.70
4.14%
5/1/2012 $91.73 PP = $95.11
MB = $99.87
Most Recent Note - 7/2/2012 4:13:39 PM
G - Gain with near average volume today led to a rally above its "max buy" level and its color code is changed to green. Prior highs in the $95 area define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/29/2012. Click here.

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ASPS - NASDAQ
Altisource Ptf Sltns Sa
REAL ESTATE - Property Management/Developmen  
$75.65 +2.42
3.30%

$75.94

132,678
96.56% of 50 DAV
50 DAV is 137,400
$73.23
3.30%
6/5/2012 $60.01 PP = $63.00
MB = $66.15
Most Recent Note - 7/2/2012 4:14:20 PM
G - Hit another new 52-week high today with a gain on near average volume. Previously noted - "Prior highs in the $65 area define initial support to watch on pullbacks, meanwhile it is getting extended from its prior base."
>>> The latest Featured Stock Update with an annotated graph appeared on 6/5/2012. Click here.

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CERN - NASDAQ
Cerner Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$82.72 +0.06
0.07%

$83.54

1,401,414
90.58% of 50 DAV
50 DAV is 1,547,200
$88.32
-6.34%
6/7/2012 $78.36 PP = $84.20
MB = $88.41
Most Recent Note - 6/29/2012 5:44:17 PM
G - Considerable gap up gain with above average volume, rebounding above its 50 DMA line and helping its technical stance, however it has not formed a proper base since negating its prior breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2012. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$32.26 +0.29
0.89%

$32.50

11,753,256
82.01% of 50 DAV
50 DAV is 14,331,200
$31.99
0.83%
6/11/2012 $29.94 PP = $30.98
MB = $32.53
Most Recent Note - 6/29/2012 5:46:49 PM
Y - Posted a big gain today with above average volume for a new 52-week high and finished at the session high, rallying unhindered by overhead supply and approaching its "max buy" level.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2012. Click here.

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CSTR - NASDAQ
Coinstar Inc
DIVERSIFIED SERVICES - Personal Services  
$68.65 -0.01
-0.01%

$69.50

1,059,388
96.95% of 50 DAV
50 DAV is 1,092,700
$69.74
-1.56%
6/26/2012 $64.05 PP = $67.00
MB = $70.35
Most Recent Note - 6/29/2012 5:49:11 PM
Y - Gapped up today and posted a gain with +42% above average volume, near the bare minimum volume threshold, yet finishing above its pivot point confirming a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/26/2012. Click here.

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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
DG - NYSE
Dollar General Corp
RETAIL - Discount, Variety Stores  
$54.73 +0.34
0.63%

$55.02

2,317,300
61.20% of 50 DAV
50 DAV is 3,786,600
$55.30
-1.03%
5/7/2012 $48.51 PP = $47.69
MB = $50.07
Most Recent Note - 6/29/2012 5:49:58 PM
G - Hovering near its all-time high, extended from its prior base. Completed another Secondary Offering on 6/05/12, its 4th Secondary Offering since September '11.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/12/2012. Click here.

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ECHO - NASDAQ
Echo Global Logistics
DIVERSIFIED SERVICES - Business/Management Services  
$19.45 +0.39
2.05%

$19.48

251,860
240.10% of 50 DAV
50 DAV is 104,900
$19.38
0.36%
6/22/2012 $18.98 PP = $19.48
MB = $20.45
Most Recent Note - 6/29/2012 5:51:18 PM
Y - Gapped up today and posted a gain with +89% above average volume. Faces little resistance due to overhead supply while perched within close striking distance of its 52-week high. Disciplined investors may watch for a volume-driven gain above its pivot point to trigger a technical buy signal before action is justified under the fact-based system.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2012. Click here.

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EXPE - NASDAQ
Expedia Inc
INTERNET - Internet Information Providers  
$49.19 +1.12
2.33%

$49.52

3,526,989
75.03% of 50 DAV
50 DAV is 4,701,000
$50.66
-2.90%
4/27/2012 $41.80 PP = $35.57
MB = $37.35
Most Recent Note - 7/2/2012 4:16:24 PM
G - Rallying further above its 50 DMA line, it finished -2.9% off its 52-week high with a gain on below average volume today. It is extended from its prior highs in the $43 area and its 50 DMA line which define support.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2012. Click here.

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GNC - NYSE
G N C Holdings Inc
RETAIL - Drug Stores  
$41.08 +1.88
4.80%

$41.63

4,192,910
173.36% of 50 DAV
50 DAV is 2,418,600
$41.95
-2.07%
6/29/2012 $39.20 PP = $40.00
MB = $42.00
Most Recent Note - 7/2/2012 12:16:02 PM
Y - Trading above the pivot point cited based upon its 5/29/12 high with today's gain. A strong finish with at least +40% above average volume may confirm a new technical buy signal from a 10-week "double bottom" type base.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2012. Click here.

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GPX - NYSE
G P Strategies Corp
DIVERSIFIED SERVICES - Education and Training Services  
$18.77 +0.30
1.62%

$18.82

75,364
132.68% of 50 DAV
50 DAV is 56,800
$18.49
1.51%
6/29/2012 $18.01 PP = $18.15
MB = $19.06
Most Recent Note - 7/2/2012 12:18:24 PM
Y - Holding its ground perched at its high today. Finished above the pivot point and closed near the session high with a large gain backed by +132% above average volume triggering a technical buy signal after featured in the 6/29/12 mid-day report (read here) and noted - "It cleared a valid base earlier this week with volume-driven gains and no overhead supply remains. Quarterly earnings increases above the +25% guideline in the 8 latest quarterly comparisons through Dec '11 satisfy the C criteria. Recent cluster of Insider buying in May-Jun looks similar to that which was reported in Nov, Dec, and Jan as it rose toward and above prior resistance in the $14 area. Prior reports cautioned - 'Recent quarterly comparisons show improving sales revenues and earnings increases but its annual earnings (A criteria) history falls below the investment system's guidelines.'"

There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below

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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
MLNX - NASDAQ
Mellanox Technologies
ELECTRONICS - Semiconductor - Broad Line  
$72.32 +1.50
2.12%

$73.62

730,840
116.21% of 50 DAV
50 DAV is 628,900
$74.27
-2.63%
6/18/2012 $70.90 PP = $67.30
MB = $70.67
Most Recent Note - 7/2/2012 12:32:27 PM
G - Perched near its all-time high, extended from its prior base. Recent chart lows define near-term support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/25/2012. Click here.

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N - NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services  
$54.52 -0.25
-0.46%

$54.89

337,246
61.50% of 50 DAV
50 DAV is 548,400
$54.80
-0.51%
6/20/2012 $51.83 PP = $51.88
MB = $54.47
Most Recent Note - 6/29/2012 6:05:36 PM
G - Finished near the session high as a solid gain today lifted it above its "max buy" level, and its color code is changed to green. No resistance remains due to overhead supply.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2012. Click here.

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NSM - NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services  
$22.40 +0.88
4.09%

$22.58

963,538
132.52% of 50 DAV
50 DAV is 727,100
$21.64
3.51%
6/27/2012 $20.29 PP = $20.46
MB = $21.48
Most Recent Note - 7/2/2012 4:18:52 PM
G - Hit yet another new 52-week high today with a 4th consecutive gain lifting it well above its "max buy" level. Disciplined investors do not chase extended stocks more than +5% above their pivot point. Prior highs in the $20 area define important support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2012. Click here.

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NTES - NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers  
$59.01 +0.16
0.27%

$59.69

642,008
87.55% of 50 DAV
50 DAV is 733,300
$65.54
-9.96%
3/19/2012 $56.18 PP = $55.10
MB = $57.86
Most Recent Note - 6/29/2012 6:09:21 PM
G - Small gain on light volume today, still sputtering below its 50 DMA line which has acted as resistance after a damaging violation triggered a technical sell signal. Gains above its 50 DMA line are needed for its technical stance and outlook to be considered favorable again. Found support near prior lows in the $55 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/19/2012. Click here.

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SWI - NYSE
Solarwinds Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$43.84 +0.28
0.64%

$44.24

771,920
70.62% of 50 DAV
50 DAV is 1,093,000
$48.64
-9.87%
4/26/2012 $45.15 PP = $42.32
MB = $44.44
Most Recent Note - 6/29/2012 6:10:40 PM
G - Gapped up today yet it remains below its 50 DMA line. A rebound above that short-term average would help its technical stance. The previously noted 6/04/11 low ($41.24) defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/15/2012. Click here.

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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
SXCI - NASDAQ
S X C Health Solutions
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$96.98 -2.23
-2.25%

$104.79

2,193,057
212.98% of 50 DAV
50 DAV is 1,029,700
$103.97
-6.72%
6/14/2012 $94.71 PP = $100.60
MB = $105.63
Most Recent Note - 7/2/2012 12:53:34 PM
Y - Gapped up today and hit a new 52-week high with higher volume behind its gain. No resistance remains due to overhead supply, and strong close above its pivot point may clinch a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2012. Click here.

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TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$131.95 -2.35
-1.75%

$136.34

714,299
126.49% of 50 DAV
50 DAV is 564,700
$134.43
-1.84%
6/18/2012 $127.00 PP = $132.79
MB = $139.43
Most Recent Note - 6/29/2012 6:14:41 PM
Y - Today's gain above its pivot point was backed by only +32% above average volume, below the minimum threshold need to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2012. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$21.56 +0.25
1.17%

$21.60

344,697
62.98% of 50 DAV
50 DAV is 547,300
$23.05
-6.46%
6/27/2012 $21.70 PP = $23.15
MB = $24.31
Most Recent Note - 6/29/2012 6:17:46 PM
Y - Rebounded above its 50 DMA line today with a gap up gain backed by above average volume indicative of institutional support near that important short-term average. Color code is changed to yellow again based on its resilience. Gains above the pivot point backed by +40% above average volume or greater could trigger a new technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/28/2012. Click here.

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VSI - NYSE
Vitamin Shoppe Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$56.07 +1.14
2.08%

$56.62

469,464
92.12% of 50 DAV
50 DAV is 509,600
$55.35
1.30%
6/29/2012 $54.93 PP = $55.03
MB = $57.78
Most Recent Note - 7/2/2012 5:24:43 PM
Y - Gain today with below average volume led to its best-ever close and a new 52-week high above the new pivot point cited based on its 6/22/12 high after forming an 8-week cup-with-handle base. Volume was not sufficient to trigger a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/2/2012. Click here.

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WFM - NASDAQ
Whole Foods Market Inc
RETAIL - Grocery Stores  
$94.63 -0.69
-0.72%

$95.23

1,872,424
91.71% of 50 DAV
50 DAV is 2,041,700
$97.25
-2.69%
6/13/2012 $89.90 PP = $91.60
MB = $96.18
Most Recent Note - 6/29/2012 6:24:00 PM
Y - Hovering near its 52-week high today with no resistance remaining due to overhead supply. Its prior highs in the $91.50 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/13/2012. Click here.

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