CTC Media, Inc (CTCM $3.05 or +12.65% to $27.16) blasted into new high territory today, finishing with a considerable gain on trading that was over three times its average volume. This stock was first featured in today's CANSLIM.net Mid Day Breakouts Report (read here) with a $25.59 pivot point.  CTCM was featured as it was rising above its pivot point, yet before it had risen above the $26.87 "max buy" price. It finished the session beyond that guideline level 5% above the pivot. CTCM sports a healthy 99 EPS rating, however it does have some shortcomings which are concerns.  First, it resides in the Media- radio/TV group which is ranked 121 out of 197 industry groups, excluding it from the top quartile guideline. Another concern is that it is a relatively new issue with a limited trading history. And a third factor, which was also noted in the CANSLIM.net Mid-Day Breakouts Report, is that this stock is a foreign company based in Russia. All of those factors could present pitfalls, so they offer reasons for investors to be very selective and disciplined.  However, Monday's technical action was undeniably impressive.  It is important not to "chase" a stock, because once a stock rises above the "maximum buy price" the risk of a shake out balloons.  If you buy stocks too extended from the ideal buy point (closest to the pivot point), a normal retracement in the stock might force you to employ the 7-8% loss cutting rule more often.