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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 22ND, 2010
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Indices NYSE Nasdaq
DOW  +26.33 11,559.49 +0.23% Volume 784,470,790 -3% Volume 1,614,048,026 -4%
NASDAQ +3.87 2,671.48 +0.15% Advancers 1,876 59% Advancers 1,409 50%
S&P 500 +4.24 1,258.84 +0.34% Decliners 1,182 37% Decliners 1,259 45%
Russell 2000 +0.07 790.59 +0.01% 52 Wk Highs 215   52 Wk Highs 211  
S&P 600 +0.24 420.34 +0.06% 52 Wk Lows 15   52 Wk Lows 26  

Major Averages Continue Quiet Upward Drift

The major stock averages added to their year-end advance in quiet trading. Volume totals cooled from the prior session's totals, again suggesting that there was no increase in buying demand coming from the institutional crowd. Advancing issues beat decliners by 3-2 on the NYSE and by 7-6 on the Nasdaq. Of the 28 high-ranked leaders currently listed on the Featured Stocks Page only 6 issues posted gains, clearly contrasting with the bullish bias in the market overall.  A total of 84 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the total of 100 issues on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. 

 

The holiday mood is still casting a positive glow on Wall Street, although the tone is muted. The price of oil closed above $90 a barrel for the first time in two years after the Energy Department reported a greater-than-expected decline in U.S. stockpiles of crude. Economic reports and corporate results painted a mixed picture. The government said gross domestic product grew 2.6% in the third quarter. While that is up from the government's prior estimate, analysts had been looking for more. November existing home sales gained +5.6%, also less than forecast.

Financial shares were some of the session's best performing issues, and JP Morgan Chase & Co (JPM +2.8%) added 8 points to the Dow. Walgreen Co (WAG +5.5%) jumped after earnings beat expectations. Nike Inc. (NKE -5.7%) fell on disappointing orders.

PICTURED: The S&P 500 was up for the fifth day in a row, and has closed higher in 11 of the past 12 sessions.


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.


Strength In Financial Indexes Helps Underpin Rally

Financial shares post more gain on Wednesday as the Broker/Dealer Index ($XBD +0.78%) and Bank Index ($BKX +1.91%) underpinned the major averages' rally again. The Healthcare Index ($HMO +0.79%) and the Biotechnology Index ($BTK +1.00%) posted decent gains. With oil's rise above the $90 per barrel threshold energy-related shares only had a slightly positive bias as the Oil Services Index ($OSX +0.06%) and Integrated Oil Index ($XOI +0.36%) seeped higher. Meanwhile, the Gold & Silver Index ($XAU -0.75%) was a standout laggard. The Retail Index ($RLX -0.07%) held its ground, and the tech sector showed a slightly negative bias as the Networking Index ($NWX -0.38%), Internet Index ($IIX -0.23%), and Semiconductor Index ($SOX +0.03%) failed to contribute to the major averages' rally effort.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.91%) is making more headway above its 50-day and 200-day moving average (DMA) lines after beginning December below both important moving averages. It is still -11% off its April recovery peak.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  242.22 +0.14 +0.06% +24.27%
Healthcare $HMO  1,698.85 +13.25 +0.79% +15.34%
Integrated Oil $XOI  1,189.90 +4.31 +0.36% +11.39%
Semiconductor $SOX  413.09 +0.13 +0.03% +14.78%
Networking $NWX  280.93 -1.08 -0.38% +21.58%
Internet $IIX  312.48 -0.73 -0.23% +33.62%
Broker/Dealer $XBD  121.57 +0.94 +0.78% +5.67%
Retail $RLX  511.98 -0.37 -0.07% +24.53%
Gold & Silver $XAU  219.15 -1.65 -0.75% +30.25%
Bank $BKX  52.26 +0.98 +1.91% +22.36%
Biotech $BTK  1,309.15 +12.92 +1.00% +38.96%


Consolidating Following +43% Rally Since September Breakout

Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$1.08 or +3.23% to $34.49) posted a solid gain today with above average volume, rallying up from its 50-day moving average (DMA) line - which is a classic support level chart readers always watch closely. Subsequent deterioration below it or the most recent chart low ($32.01 on 12/15/10) would raise concerns and trigger technical sell signals. Losses in recent weeks marked by heavier volume hurt its Accumulation/Distribution rating which has slumped from a B+ to a D- (see red circle) since its last appearance in this FSU section on 11/01/10 with detailed analysis and an annotated graph under the headline "Recent Lows and 50-Day Average Define Support to Watch". The number of top-rated funds with an ownership interest has grown from 278 funds in Dec '09 to 377 funds as of Sep '10 which is an encouraging sign of increasing institutional interest (the I criteria). (NOTE: Prior notes on this and other stocks cited top-rated US funds, and now our source is including foreign funds and hedge funds in their totals reported). Management's 36% ownership stake (after the latest offering) still keeps the company's directors very motivated to look after and build shareholder value.

ULTA has traded up as much as +41.27% from $26.36 when it was featured in the 9/03/10 mid-day report (read here) and its strong close with 6 times average volume confirmed a fresh technical buy signal. This high-ranked leader in the Retail - Specialty group has strong quarterly earnings increases above the +25% guideline in the 4 latest comparisons (satisfies the C criteria). 

 


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  
$151.96 -0.94
-0.61%

$152.02

670,002
111.76% of 50 DAV
50 DAV is 599,500
$153.79
-1.19%
12/10/2010 $139.87 PP = $145.46
MB = $152.73
Most Recent Note - 12/21/2010 2:28:00 PM
Y - Gapped up today for a considerable gain and new all-time high, yet volume is not particularly heavy. As previously noted - "A gain into new high territory with great volume conviction may trigger a new (or add-on) buy signal. Recent lows in the $133 area define important chart support to watch."
>>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$22.15 -0.43
-1.90%

$22.65

1,009,283
41.28% of 50 DAV
50 DAV is 2,445,000
$24.28
-8.77%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 12/22/2010 5:40:20 PM
G - After today's loss on light volume it is perched -8.7% off its 52-week high. It has been consolidating very near its 50 DMA line and an upward trendline defining support above recent lows in the $20.60 area. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/14/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$100.50 -0.75
-0.74%

$101.93

5,157,661
46.64% of 50 DAV
50 DAV is 11,057,600
$115.04
-12.64%
12/10/2010 $108.00 PP = $115.14
MB = $120.90
Most Recent Note - 12/21/2010 6:43:20 PM
G - Small gain on lighter volume today after a positive reversal on the prior session. A rebound above its 50 DMA line and prior low ($103.11 on 11/16/10) could help its outlook improve, but meanwhile it faces resistance due to months of overhead supply and the path of least resistance may lead to a deeper consolidation toward its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$61.47 -0.08
-0.13%

$61.50

11,763
52.05% of 50 DAV
50 DAV is 22,600
$63.45
-3.12%
11/22/2010 $59.97 PP = $62.00
MB = $65.10
Most Recent Note - 12/20/2010 6:17:50 PM
Y - Still hovering in a very tight range only -3.3% off its 52-week high. See the latest FSU analysis for details and an annotated graph..
>>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. Click here.

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CIS - NYSE
Camelot Info Systems Ads
COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service  
$24.45 +1.05
4.49%

$24.65

520,798
131.05% of 50 DAV
50 DAV is 397,400
$24.89
-1.77%
11/26/2010 $18.93 PP = $19.72
MB = $20.71
Most Recent Note - 12/22/2010 5:15:24 PM
G - After gapping down today it rebounded for a positive reversal, closing only 23 cents below its best ever close. Recently completed a Secondary Offering and found support near prior highs in the $19.50 area, but it has not formed a sound new base following its 11/29/10 breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. 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
CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$231.78 -2.58
-1.10%

$234.61

541,290
50.45% of 50 DAV
50 DAV is 1,072,900
$262.78
-11.80%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 12/22/2010 5:53:45 PM
Y - Consolidating above its 50 DMA line which defines important near-term support along with its recent chart low ($221.41 on 12/14/10). Color code was changed to yellow after its pullback to its 10-week moving average, but a new pivot point was not cited as it has not formed a sound new base. See the latest FSU section analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/17/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$84.31 -2.71
-3.11%

$86.63

2,035,425
110.28% of 50 DAV
50 DAV is 1,845,700
$87.88
-4.06%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 12/22/2010 1:38:32 PM
G - Not near any sound base, yet stubbornly holding its ground near all-time highs. See the latest FSU analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2010. Click here.

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EZCH - NASDAQ
Ezchip Semiconductor Ltd
ELECTRONICS - Semiconductor - Specialized  
$28.30 -0.24
-0.84%

$28.72

175,237
63.54% of 50 DAV
50 DAV is 275,800
$29.73
-4.81%
12/2/2010 $27.53 PP = $26.00
MB = $27.30
Most Recent Note - 12/17/2010 5:40:21 PM
G - This week it spent some time dipping under its "max buy" level while consolidating above prior chart highs in the $26 area that define an important technical support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$28.01 -0.27
-0.95%

$28.75

434,951
124.84% of 50 DAV
50 DAV is 348,400
$28.29
-0.99%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 12/21/2010 4:45:34 PM
G - Hit and closed at a new 52-week high today with a solid gain on average volume. Recently noted - "Stubbornly holding its ground after recent volume-driven gains, extended from a sound base pattern. Its 50 DMA line defines important support."
>>> 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  
$136.17 -0.47
-0.34%

$137.00

1,373,340
45.18% of 50 DAV
50 DAV is 3,039,600
$143.75
-5.27%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 12/17/2010 5:43:11 PM
G - Gain today with heavier volume after halting its slide on the prior session. Repeatedly noted as extended from any sound base pattern. Its 50 DMA line defines chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. 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
FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$71.89 -1.14
-1.56%

$73.39

509,204
63.25% of 50 DAV
50 DAV is 805,100
$74.34
-3.30%
11/26/2010 $69.10 PP = $70.17
MB = $73.68
Most Recent Note - 12/22/2010 5:43:10 PM
Y - Still consolidating above prior highs, only -3.3% off its all-time high. Volume totals have been cooling since its technical breakout on 12/02/10 from an advanced "3-weeks tight" pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$65.64 -0.16
-0.24%

$67.10

113,358
54.95% of 50 DAV
50 DAV is 206,300
$67.01
-2.04%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 12/22/2010 5:45:27 PM
G - Touched a new high after a strong start today, but it reversed into the red for the close for a small loss on light volume. Prior highs in the $62 define initial chart support to watch above its 50 DMA line. Its Relative Strength rank has slumped to 74, below the 80+ guideline.
>>> 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  
$26.48 -0.11
-0.41%

$26.87

418,881
72.23% of 50 DAV
50 DAV is 579,900
$29.80
-11.14%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 12/22/2010 5:51:04 PM
G - Its 6th consecutive loss today led to further deterioration below the previously noted low ($26.47 on 11/29/10), raising greater concerns. Gains above its 50 DMA line are needed for its outlook to improve. Meanwhile its short-term average may act as resistance. It will be dropped from the Featured Stocks list tonight based on technical weakness and concerns raised by the weaker sales and earnings increases previously noted following its latest quarterly report.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/10/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$50.70 +0.23
0.46%

$50.77

49,612
24.66% of 50 DAV
50 DAV is 201,200
$55.50
-8.65%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 12/21/2010 6:46:05 PM
G - Posted a small gain today with average volume. Recent losses violated a steep upward trendline defining initial support to watch, yet it remains above its 50 DMA line while it is extended from any sound base. It recently appeared ready to challenge its all-time high near $55 from 2004.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$71.70 -1.81
-2.46%

$73.44

1,238,061
75.34% of 50 DAV
50 DAV is 1,643,300
$74.60
-3.89%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 12/22/2010 1:46:15 PM
G - Pulling back today without great volume conviction, still perched near its all-time high. There is no near-term chart support while it is extended from its 50 DMA line (now $52.81).
>>> The latest Featured Stock Update with an annotated graph appeared on 12/1/2010. 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
MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$64.28 +0.13
0.20%

$65.28

49,869
82.56% of 50 DAV
50 DAV is 60,400
$64.61
-0.51%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 12/21/2010 6:36:26 PM
G - Recent gain with above average volume reconfirmed bullish action it showed earlier. See the latest FSU section analysis for details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$41.57 +0.47
1.14%

$41.96

128,218
158.10% of 50 DAV
50 DAV is 81,100
$41.96
-0.93%
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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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$185.35 -0.89
-0.48%

$189.76

4,167,631
67.30% of 50 DAV
50 DAV is 6,192,300
$206.80
-10.37%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 12/21/2010 2:31:35 PM
G - Gain today without great volume conviction while consolidating just above its 50 DMA line. Concerns were raised after recent negative reversals and noted distributional pressure, and it violated an upward trendline connecting its July - November lows.
>>> 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  
$55.05 -0.26
-0.47%

$55.40

2,172,713
34.52% of 50 DAV
50 DAV is 6,293,300
$57.96
-5.02%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 12/20/2010 3:13:43 PM
G - Gapped up today after an analyst upgrade, still consolidating above its 50 DMA line and working on a new base. Recent chart lows define support to watch below that important short-term average line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$31.66 -0.10
-0.31%

$31.88

14,019,007
43.29% of 50 DAV
50 DAV is 32,380,500
$32.27
-1.89%
12/7/2010 $29.05 PP = $29.92
MB = $31.42
Most Recent Note - 12/20/2010 3:19:38 PM
G - Rising its "max buy" level and poised today for its best close of 2010. After its prior gain with volume nearly 3 times average its color code was changed to green. On 12/17/10 it gapped up after reporting earnings +31% on +47% sales revenues for the quarter ended November 30, 2010 versus the year ago period.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. 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
PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$38.68 -0.59
-1.50%

$39.45

928,108
61.64% of 50 DAV
50 DAV is 1,505,600
$41.47
-6.73%
11/29/2010 $33.96 PP = $36.04
MB = $37.84
Most Recent Note - 12/22/2010 4:49:58 PM
G - Consolidating -6.7% off its all-time high, extended from its prior base. The old high in the $36 area nearly coincides with its 50 DMA line, defining important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$30.67 -0.67
-2.14%

$31.71

1,128,429
58.06% of 50 DAV
50 DAV is 1,943,500
$32.69
-6.18%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 12/22/2010 4:53:17 PM
G - Volume totals have been cooling while stubbornly holding its ground since hitting its 12/10/10 all-time high. No resistance remains 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  
$58.36 +0.60
1.03%

$58.50

664,542
62.17% of 50 DAV
50 DAV is 1,068,900
$58.68
-0.55%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 12/22/2010 5:37:29 PM
G - Small gain today with light volume, finishing 13 cents below its best 2010 close. It is extended from its latest base after wedging to highs without great volume conviction. Prior chart highs and its 50 DMA line define important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$44.37 -1.78
-3.86%

$46.37

266,962
73.56% of 50 DAV
50 DAV is 362,900
$47.69
-6.96%
11/23/2010 $44.61 PP = $44.95
MB = $47.20
Most Recent Note - 12/22/2010 5:25:50 PM
G - Closed near the session low today, slumping amid widespread weakness Retail/Apparel stocks. The slump back below its old high closes raised concerns, and its 50 DMA line and recent lows define important support to watch, where violations would raise more serious concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$36.43 -1.22
-3.24%

$37.79

6,764,110
64.98% of 50 DAV
50 DAV is 10,410,100
$42.34
-13.96%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 12/22/2010 5:30:40 PM
G - Loss today on light volume led to its lowest close since 11/29/10, testing prior chart highs in the $36-37 area previously noted as initial support above its 50 DMA line. Gains in recent weeks lacked volume conviction while distributional pressure has been an ongoing concern since its negative reversal at an all-time high on 12/07/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/8/2010. 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
UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$54.49 -2.91
-5.07%

$57.25

1,001,311
135.72% of 50 DAV
50 DAV is 737,800
$60.14
-9.39%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 12/22/2010 1:35:48 PM
G - Down today for a considerable loss with volume increasing while slumping toward last week's low. The recent chart low ($53.60) and its 50 DMA line ($52.37 now) define important support levels to watch.
>>> 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  
$34.49 +1.08
3.23%

$34.70

692,223
119.43% of 50 DAV
50 DAV is 579,600
$37.24
-7.38%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 12/22/2010 5:03:45 PM
G - Solid gain today with above average volume, rallying up from its 50 DMA line -which is a classic support level chart readers always watch closely. Subsequent deterioration below it or the most recent chart low ($32.01 on 12/15/10) would raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/22/2010. Click here.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$34.82 -0.68
-1.92%

$35.79

592,320
88.30% of 50 DAV
50 DAV is 670,800
$41.06
-15.20%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 12/22/2010 5:35:43 PM
G - The longer it remains below its 50 DMA line, the worse the outlook gets, and any violation of its recent low ($33.71 on 12/15/10) would raise greater concerns and trigger additional sell signals. It has been enduring worrisome distributional pressure and its Relative Strength has slumped since it completed a Public Offering on 11/23/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/9/2010. Click here.

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