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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 24TH, 2010
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +150.91 11,187.28 +1.37% Volume 829,137,540 -19% Volume 1,644,671,107 -14%
NASDAQ +48.17 2,543.12 +1.93% Advancers 2,489 80% Advancers 2,089 76%
S&P 500 +17.62 1,198.35 +1.49% Decliners 509 16% Decliners 556 20%
Russell 2000 +16.60 736.53 +2.31% 52 Wk Highs 147   52 Wk Highs 185  
S&P 600 +8.96 391.98 +2.34% 52 Wk Lows 10   52 Wk Lows 41  

TODAY'S SPECIAL NOTICE

Happy Thanksgiving Day!
On behalf of the team at Gruneisen Growth Corp which operates the CANSLIM.net website under license with Investor's Business Daily, Inc, we sincerely wish you and your loved ones a very happy and healthy holiday season!  We are very thankful for your ongoing interest in our services designed to help you with the fact-based investment system, and we wish you the utmost in investing success. Peace!


Major Averages Rose And New Highs List Expanded But Volume Cooled

Tuesday's famine on Wall Street was followed by a modest feast on Wednesday as advancers led decliners by 5-1 on the NYSE and by 7-2 on the Nasdaq.  However, the indices' gains did not meet the guidelines for a solid follow through day as both major exchanges saw lighter volume totals, as many might have expected ahead of Thanksgiving Day. There was a great expansion in leadership as a total of 114 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up considerably from a total of 30 issues on the prior session.  New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. All 29 of the high-ranked leaders currently listed on the Featured Stocks Page posted gains, with Verifone Systems Inc (PAY +3.89%) the biggest gainer among them, and not a single decliner.

The stock market enjoyed a sharp rally ignited by encouraging economic reports. Initial jobless claims dropped to the lowest weekly level since July 2008. A reading of consumer sentiment by the University of Michigan increased to the highest level in five months. Consumer spending rose in October for a fifth month as incomes rebounded. The positive data pushed weaker reports on new home sales and durable goods orders to the back burner.

Oil prices jumped more than $2 per barrel as the market anticipated higher demand and a stronger economy.  Retail stocks were especially strong as Amazon.com Inc (AMZN +5.2%) was among those that hit an all-time high on optimism ahead of the holiday shopping season. Guess? Inc (GES +10.5%) and Tiffany & Co (TIF +5.2%) both delivered higher-than-expected profits and raised their forecasts. 

On Friday the US exchanges will close at 1PM EST, wrapping up this holiday-shortened week marked by global events that are giving Wall Street the jitters. The major averages showed encouraging resilience since fighting broke out between North and South Korea. Additionally, stocks have shrugged off the bad news as Federal Reserve officials raised their unemployment projections for the next two years, and lowered their outlook for growth in 2011. Concerns that Europe's debt crisis will spread are still looming. Financial stocks continued to slump after recent FBI raids and an investigation into possible insider trading widened, while more hedge funds appeared to be implicated.

Wednesday marked Day 6 of the new rally attempt. At its low on Tuesday the Dow Jones Industrial Average flirted with last week's lows and briefly traded under its 50-day moving average line. The S&P 500 Index narrowly avoided undercutting its 11/16/10 low, keeping its new rally effort intact. Unless last their Day 1 lows are undercut the possibility remains open for the major averages to produce a solid follow through day of gains on higher volume to reconfirm the rally. Disciplined investors will watch for a new confirmed rally with a follow-through day (FTD) gain of at least +1.8% from one or more of the major averages with higher volume and an expansion in leadership (new highs). A strong FTD would suggest that another sustainable advance may be at hand.  Patience is called for before new buying efforts are justified. The latest correction could continue as more strong leaders may falter, prompting investors into reducing exposure rather than accumulating more shares. Keep your focus on the action in the major averages and high-ranked leaders to know that your investment portfolio is in proper step, and carefully manage you stock holdings on a case by case basis with quick reflexes if selling becomes necessary.

PICTURED: The S&P 400 Mid-cap Index beat the other major averages to new recovery highs as it reached a new 2010 high


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 Tech Sector Help Spearhead Major Indices Gains

The major averages' gains were underpinned by a solid gain for the Retail Index ($RLX +2.57%) heading into Black Friday, coupled with unanimous gains across the tech sector including the Semiconductor Index ($SOX +2.69%), Networking Index ($NWX +2.31%), Internet Index ($IIX +2.42%), and Biotechnology Index ($BTK +1.53%).  Financial shares also contributed as the Broker/Dealer Index ($XBD +1.81%) and Bank Index ($BKX +1.17%) showed a positive bias, although trading remained quiet in those influential groups.    Strength in energy-related issues boosted the Integrated Oil Index ($XOI +1.42%) and Oil Services Index ($OSX +1.90%). Wednesday's smallest gains came from the defensive groups including the Healthcare Index ($HMO +0.47%) and Gold & Silver Index ($XAU +0.48%).

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +2.57%) is rallying near its 2010 peak, an encouraging sign that the consumer is alive and kicking as the holiday shopping season is about to hit full stride.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  226.88 +4.22 +1.90% +16.40%
Healthcare $HMO  1,659.29 +7.77 +0.47% +12.65%
Integrated Oil $XOI  1,114.72 +15.57 +1.42% +4.35%
Semiconductor $SOX  398.71 +10.44 +2.69% +10.78%
Networking $NWX  267.69 +6.06 +2.31% +15.85%
Internet $IIX  306.70 +7.24 +2.42% +31.15%
Broker/Dealer $XBD  111.91 +1.99 +1.81% -2.73%
Retail $RLX  496.93 +12.46 +2.57% +20.87%
Gold & Silver $XAU  213.51 +1.01 +0.48% +26.90%
Bank $BKX  45.04 +0.52 +1.17% +5.46%
Biotech $BTK  1,175.08 +17.67 +1.53% +24.73%


Netflix Perched At Highs After Late Stage Breakout

Netflix Inc (NFLX +$1.06 or +0.56% to $188.77) is perched at all-time highs after a gap up gain with above average volume on 11/22/10. NFLX had been noted as a riskier "late stage" set-up, and the gap up gain amounted to a new (or add-on) technical buy signal. However, a follow-through day from at least one of the major averages is also needed as a confirmation of a new rally since recent concerns were raised about the M criteria.  Keep in mind that 3 out of 4 stocks tend to go in the same direction as the major averages. 

Following its last appearance in this FSU section on 10/01/10 with an annotated graph under the headline "Negative Reversal After Getting Extended" its volume totals cooled while it consolidated above prior highs and stayed well above its 50-day moving average line. A bullish gap up on 10/21/10 and additional big gains backed by heavy volume followed, helping it reach new 52-week highs. After 11/09/10 a new pivot point was cited and it was color coded yellow again and noted - "Formed an advanced "ascending base" type pattern marked by 3 pullbacks in the 10-20% range since its earlier technical breakout (on 8/10/10) from a double bottom base."

Technically it met the guidelines to trigger a proper buy signal again this week, aside from the M criteria being an overriding concern that discourages any new buying efforts. Late stage bases are also considered risker and more failure prone candidates, providing another cause for greater caution and sound trading discipline.  Investors should always limit losses by selling shares at any time a stock falls more than 7% from your buy price. In this case, a clear upward trendline connecting its July - November lows defines an important initial chart support level above its 50-day moving average (DMA) line. Violations would raise concerns and trigger technical sell signals.


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
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$141.24 +1.52
1.09%

$142.35

609,050
93.04% of 50 DAV
50 DAV is 654,600
$145.36
-2.83%
11/4/2010 $142.35 PP = $143.63
MB = $150.81
Most Recent Note - 11/23/2010 5:27:48 PM
Y - Down today amid widespread weakness. Confirming gains to new highs on heavy volume would be a reassuring sign of institutional demand. Meanwhile, a recent low ($133.38 on 10/27/10) defines support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$23.82 +0.56
2.40%

$23.98

2,319,681
92.50% of 50 DAV
50 DAV is 2,507,800
$24.28
-1.90%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/23/2010 4:24:54 PM
G - Gapped down today amid widespread market weakness. On the prior session it had rallied to a new all-time high, eclipsing its 2007 best for the first time. Its 50 DMA line and an upward trendline connecting May - November lows define support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$109.00 +2.69
2.53%

$109.50

7,176,325
58.30% of 50 DAV
50 DAV is 12,308,400
$115.04
-5.25%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 11/23/2010 5:05:58 PM
G - Consolidating above its 50 DMA line, extended from a sound base pattern. Noted as a riskier "late stage" candidate after ongoing coverage.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$61.30 +1.45
2.42%

$61.30

27,993
105.63% of 50 DAV
50 DAV is 26,500
$63.45
-3.39%
11/22/2010 $59.97 PP = $62.00
MB = $65.10
Most Recent Note - 11/24/2010 4:18:54 PM
Y - Climbed further above its 50 DMA line today with a 6th consecutive gain, leaving it perched only -3.7% off its 52-week high. Currently building on a "double bottom" type base pattern, its 11/16/10 low ($54.12) defines initial support above its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$250.19 +6.29
2.58%

$250.50

957,124
115.76% of 50 DAV
50 DAV is 826,800
$244.10
2.49%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 11/24/2010 3:52:29 PM
G - Gapped up today for a 4th consecutive gain and yet another new all-time high. It is extended from any sound base pattern. Its 50 DMA line (now $196) defines the nearest chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/28/2010. 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
CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$48.03 +1.62
3.49%

$48.24

1,488,230
72.81% of 50 DAV
50 DAV is 2,043,900
$53.16
-9.65%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 11/24/2010 3:55:32 PM
G - Rallied above its 50 DMA line today, helping its outlook improve. Gains lacked volume conviction after losses with above average volume raised concerns, and subsequent losses below its recent low ($45.05 on 11/16/10) would raise greater concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/22/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$71.41 +2.34
3.39%

$71.47

1,305,058
108.44% of 50 DAV
50 DAV is 1,203,500
$69.79
2.32%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/24/2010 3:51:13 PM
G - Today's 6th consecutive gain marks yet another new all-time high. Extended from its latest sound base, its prior highs and its 50 DMA line define the nearest chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$24.95 +0.34
1.38%

$24.95

151,842
50.06% of 50 DAV
50 DAV is 303,300
$25.65
-2.73%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/23/2010 5:18:57 PM
G - Stubbornly holding its ground with volume totals cooling while consolidating in a tight range near its all-time high. Prior highs in the $22-23 area define chart support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$132.55 +3.41
2.64%

$133.70

2,105,832
75.92% of 50 DAV
50 DAV is 2,773,900
$132.20
0.26%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 11/23/2010 5:26:03 PM
G - Consolidating at all-time highs, extended from any sound base pattern. Prior highs in the $112 area define initial chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. Click here.

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FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$68.89 +1.62
2.41%

$68.95

707,539
89.89% of 50 DAV
50 DAV is 787,100
$70.07
-1.68%
10/20/2010 $54.12 PP = $55.61
MB = $58.39
Most Recent Note - 11/23/2010 5:11:59 PM
G - Stubbornly holding its ground in a tight range, extended from any sound base. An upward trendline connecting its July-October lows defines support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. 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
HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$64.03 +1.66
2.66%

$64.06

152,894
70.43% of 50 DAV
50 DAV is 217,100
$62.91
1.78%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 11/24/2010 4:06:15 PM
Y - No resistance remains due to overhead supply after today's gap up gain above its pivot point for a new 52-week high. Light volume behind its 5th consecutive gain was below the +50% above average volume minimum necessary 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 11/19/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$27.70 +0.36
1.32%

$27.93

268,265
37.74% of 50 DAV
50 DAV is 710,800
$29.80
-7.05%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/24/2010 4:06:44 PM
G - Hovering -7% off its 52-week high, and volume totals are still cooling while consolidating above its 50 DMA line which acted as support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$24.31 +0.21
0.87%

$24.44

516,434
74.08% of 50 DAV
50 DAV is 697,100
$24.14
0.70%
10/26/2010 $17.29 PP = $19.55
MB = $20.53
Most Recent Note - 11/24/2010 4:07:18 PM
G - Posted a 5th consecutive gain today with below average volume for a new 52-week high. Extended from its latest base, its prior chart highs in the $19 area define initial chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$51.01 +1.19
2.39%

$51.84

211,816
96.63% of 50 DAV
50 DAV is 219,200
$51.75
-1.43%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 11/24/2010 4:08:42 PM
G - Posted a 6th consecutive gain today with near average volume while hitting and closing at new 52-week highs. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. Click here.

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LFT - NYSE
Longtop Financl Tech Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$41.13 +0.84
2.08%

$41.37

260,368
47.47% of 50 DAV
50 DAV is 548,500
$42.86
-4.04%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/24/2010 4:12:44 PM
Y - Perched only -4.5% off its all-time high after a small gap up gain today. Volume totals have been cooling while consolidating above support near its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. 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
LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$53.88 +0.45
0.84%

$54.30

771,763
71.47% of 50 DAV
50 DAV is 1,079,800
$54.77
-1.62%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 11/24/2010 4:14:03 PM
G - It is extended from its prior base after 7 consecutive gains. Prior highs in the $46-48 area define chart support to watch along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$60.97 +1.94
3.29%

$61.41

47,468
81.70% of 50 DAV
50 DAV is 58,100
$63.94
-4.64%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 11/24/2010 3:49:50 PM
Y - Perched near its best ever close. Its 50 DMA line has been repeatedly noted as a very important support level. It stalled after hitting its all-time high on 11/04/10, yet held its ground stubbornly above its short-term average.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$37.58 +1.07
2.93%

$37.72

53,014
62.52% of 50 DAV
50 DAV is 84,800
$36.90
1.84%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 11/24/2010 4:00:05 PM
G - Rallied to a new all-time high with today's 5th consecutive gain on light volume. It is extended from any sound base, and its 50 DMA line recently has been a reliable support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. Click here.

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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$188.77 +1.06
0.56%

$191.83

4,028,496
73.14% of 50 DAV
50 DAV is 5,508,000
$192.10
-1.73%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/24/2010 4:28:46 PM
Y - Perched at all-time highs after a gap up gain with above average volume on 11/22/10. NFLX had been noted as a riskier "late stage" set-up, and the gap up gain amounted to a new (or add-on) technical buy signal. However, a follow-through day from at least one of the major averages is also needed as a confirmation of a new rally since recent concerns were raised about the M criteria.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$51.39 +0.54
1.06%

$51.61

6,253,060
80.84% of 50 DAV
50 DAV is 7,735,100
$57.96
-11.34%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 11/23/2010 5:10:09 PM
G - Small loss today on light volume led to a close just below its 50 DMA line and prior highs. On 11/19/10 it was noted - "It has not formed a sound base, and the weakness suggests that it may be due for a longer and deeper consolidation."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. 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
ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$27.74 +0.55
2.02%

$27.88

34,964,655
90.17% of 50 DAV
50 DAV is 38,778,300
$29.82
-6.98%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 11/23/2010 5:01:16 PM
G- Color code is changed to green after it sank below its DMA line and under the latest chart low today, raising concerns amid widespread market weakness. Gains above its short-term average are needed for its outlook to improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$35.00 +1.31
3.89%

$35.00

1,525,321
111.10% of 50 DAV
50 DAV is 1,372,900
$35.94
-2.62%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 11/24/2010 3:57:31 PM
G - Considerable gain today with near average volume. It has the look of an advanced "ascending base" pattern after an impressive rally from its 7/26/10 breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$28.60 +0.89
3.21%

$28.65

1,316,389
49.12% of 50 DAV
50 DAV is 2,680,100
$29.35
-2.56%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 11/24/2010 3:48:05 PM
G - Perched -3% away from its all-time high with no resistance remaining due to overhead supply, but it is extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2010. Click here.

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ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$54.49 +0.43
0.80%

$54.92

788,477
49.87% of 50 DAV
50 DAV is 1,581,200
$55.00
-0.93%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 11/24/2010 4:22:24 PM
Y - Finished today at its second-best close of 2010 after small gain without great volume conviction. Confirming gains on heavy volume coupled with a follow-through day from at least one of the major market averages (M criteria) could help trigger a new (or add-on) technical buy signal. Meanwhile, its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$45.04 +0.43
0.96%

$45.92

311,511
88.15% of 50 DAV
50 DAV is 353,400
$45.58
-1.18%
11/23/2010 $44.61 PP = $44.95
MB = $47.20
Most Recent Note - 11/23/2010 8:14:00 PM
Y - Color code is changed to yellow with new pivot point cited. No resistance remains due to overhead supply, and above average volume was behind today's 5th consecutive gain as it hit and closed at new 2010 highs. Recently found support above its 50 DMA line and prior chart highs in the $40 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. 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
SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$35.64 +0.12
0.34%

$36.24

7,450,686
80.55% of 50 DAV
50 DAV is 9,250,000
$37.20
-4.19%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/24/2010 4:20:28 PM
G - Small gain today with light volume for its second-best close ever. Last week's lows define support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$56.58 +1.06
1.91%

$56.43

948,176
124.07% of 50 DAV
50 DAV is 764,200
$55.81
1.38%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/24/2010 4:16:32 PM
G - Volume was above average today as it posted a 7th consecutive gain for a new 52-week high. The high-ranked Apparel - Clothing firm is very extended from any sound base and well above support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$34.47 +0.99
2.96%

$34.74

663,675
143.56% of 50 DAV
50 DAV is 462,300
$33.50
2.90%
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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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$37.67 +0.93
2.53%

$37.24

415,877
64.69% of 50 DAV
50 DAV is 642,900
$38.43
-1.98%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 11/24/2010 4:31:48 PM
G - No overhead supply remains, and had today's gain ended the week here it would have finished with its best ever weekly close. A positive reversal at its 50 DMA line on 11/17/10 was an indication of prompt support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. Click here.

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