CANSLIM.net Profile: MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. Its enterprise solutions comprise hotel information systems, restaurant information systems, and specialty retail information systems. The company also provides system installation, operator and manager training, on-site hardware maintenance, customized software development, application software support, credit card software support, systems configuration, network support, and professional consulting services, as well as software-hosting capabilities. In addition, it sells spare parts, printer ribbons, paper, printer cartridges, other consumable media supplies, network products, and printers through direct sales offices, dealers, and distributors, as well as telephone and POS depot. MICROS Systems operates in the United States, Europe, the Pacific Rim, and Latin America. The company was founded in 1977. It was formerly known as Picos Manufacturing, Inc. and changed its name to MICROS Systems, Inc. in 1978. MICROS Systems is headquartered in Columbia, Maryland. MCRS sports a strong Earnings Per Share (EPS) rating of a 96 and a very healthy Relative Strength (RS) rating of 94. The company has managed to increase its earnings by above the +25% guideline in the past few quarterly comparisons versus the year earlier helping satisfy the C criteria. Steady years of strong earnings increases satisfy the A criteria. The number of high ranked funds have increased from 164 in March '07 to 173 in December '07 which helps satisfy the I criteria. Return on equity is 19%, above the 17% guideline. However, MCRS resides in the Computer - Integrated Systems group which is currently ranked 94th out of the 197 Industry Groups covered in the paper, placing it outside the much preferred top quartile. Strength in other similar stocks in the group would be a help for it to satisfy the L criteria and overcome this shortfall.

What to Look For and What to Look Out For: Look for MCRS to trigger a technical buy signal, which could come if it rallies and closes above its pivot point with gains backed by at least 1.56 million shares. Volume needs to be at least +50% above average behind considerable gains to trigger a proper technical buy signal - the high volume behind a breakout's gains is a critical sign of institutional buying demand (the I criteria) . It would be very encouraging to see MCRS trigger a technical buy signal and continue rallying to fresh highs on heavy volume in the days and weeks to come. However, if volume fails to meet the minimum guidelines and the stock does not trade above its pivot point then a proper technical buy signal would not be triggered. Its 50-day moving average (DMA) line is the next nearby support level of importance chart-wise, and violations would lead to further downside testing. Avoid chasing this issue above its maximum buy price of $38.11, where it would be too extended from a sound price base. As always, it is of the utmost importance to sell a stock if it drops 7-8% below your purchase price.

Technical Analysis: Since its big gap up gain on 10/26/07 with heavy volume, Micros began building its latest base. During the 5-months it consolidated a very healthy advance, and the stock exerpienced a sharp sell in January when the broader market tanked. It sank under its 200-day moving average (DMA) line, but it stayed well above its June 2007 lows and soon recovered above its important longer-term average with gains backed by very heavy volume. Its 2/01/08 gap up gain was a sign of heavyy institutional buying demand (the I criteria) during its base building process. MCRS has recovered nicely and is currently perched -4.5% below its all-time highs. This is best illustrated by the stock's 94 Relative Strength rating and the fact that its relative strength line is leading the way into new high territory.

Micros Systems Inc
Ticker Symbol: MCRS (NASDAQ)	Industry Group: Computer - Integrated Systems	Shares Outstanding: 81,200,000
Price: $35.81 3/20/2008	Day's Volume: 1,990,300 3/20/2008	Shares in Float: 78,800,000
52 Week High: $37.49 11/30/2007	50-Day Average Volume: 1,038,000	Up/Down Volume Ratio: 1.4
Pivot Point: $36.30 2/14/2008 high plus .10	Pivot Point +5% = Max Buy Price: $38.11	Web Address: http://www.micros.com/

MCRS - Strong & Steady Annual Earnings Increases Satisfy A Criteria - Friday, March 21, 2008