5/11/2012 12:06:10 PM - Considerable gain today challenging its 52-week high after forming an orderly base. Rallying from its 50 DMA line this week, its first test of that short-term average since its technical breakout on 3/14/12. Reported earnings +32% on +9% sales revenues for the quarter ended February 29, 2012 versus the year ago period. Quarterly earnings increases have been above the +25% guideline (good C criteria) in the past 8 comparisons, however sales revenues increases have been in the 7-10% range over the past year. A downturn in FY '08 and FY '09 earnings is a flaw concerning the A criteria.
5/9/2012 12:04:33 PM - Consolidating near its 50 DMA line today, its first test of that short-term average since its technical breakout on 3/14/12. It failed to make any progress since last noted in the 4/09/12 mid-day report - "Reported earnings +32% on +9% sales revenues for the quarter ended February 29, 2012 versus the year ago period. Quarterly earnings increases have been above the +25% guideline in the past 8 comparisons, however sales revenues increases have been in the 7-10% range over the past year. A downturn in FY '08 and FY '09 earnings is a flaw concerning the A criteria."
4/9/2012 12:09:25 PM - Holding its ground today following a considerable gap up gain on the prior session with heavy volume for a new 52-week and all-time high. It is extended from prior highs in the $63 area. Technically, it broke out with a volume-driven gain on 3/14/12, and it has been rising with no resistance due to overhead supply. Reported earnings +32% on +9% sales revenues for the quarter ended February 29, 2012 versus the year ago period. Quarterly earnings increases have been above the +25% guideline in the past 8 comparisons, however sales revenues increases have been in the 7-10% range over the past year. A downturn in FY '08 and FY '09 earnings is a flaw concerning the A criteria.
4/5/2012 12:21:04 PM - Considerable gap up gain today for a new 52-week and all-time high, getting extended from prior highs in the $63 area. Technically it broke out with a volume-driven gain on 3/14/12, and it has been rising with no resistance due to overhead supply. Reported earnings +32% on +9% sales revenues for the quarter ended February 29, 2012 versus the year ago period. Quarterly earnings increases have been above the +25% guideline in the past 8 comparisons, however sales revenues increases have been in the 7-10% range over the past year. A downturn in FY '08 and FY '09 earnings is a flaw concerning the A criteria. Top-rated funds owning its shares fell from 1,257 in Dec '11 to 1,094 in Mar '12, not a reassuring sign concerning the I criteria.
1/4/2012 12:28:22 PM - Gains have lacked great volume conviction since its damaging gap down noted in the 12/22/11 mid-day report, violating its 50 DMA line and prior lows and slumping near its 200 DMA line. The 11/10/11 mid-day report noted - "Pulling back from a new 52-week high hit after wedging to new highs this week without great volume conviction behind its recent gains. There is no remaining resistance due to overhead supply. Reported earnings +33% on +8% sales revenues for the quarter ended August 31, 2011 versus the year ago period. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since noted in the 6/24/11 mid-day report - 'Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.'"
12/22/2011 12:09:59 PM - Damaging gap down today, violating its 50 DMA line and prior lows while slumping toward its 200 DMA line. Last noted in the 11/10/11 mid-day report - "Pulling back from a new 52-week high hit after wedging to new highs this week without great volume conviction behind its recent gains. There is no remaining resistance due to overhead supply. Reported earnings +33% on +8% sales revenues for the quarter ended August 31, 2011 versus the year ago period. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since noted in the 6/24/11 mid-day report - 'Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.'"
11/10/2011 12:17:52 PM - Pulling back from a new 52-week high hit after wedging to new highs this week without great volume conviction behind its recent gains. There is no remaining resistance due to overhead supply. Reported earnings +33% on +8% sales revenues for the quarter ended August 31, 2011 versus the year ago period. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since noted in the 6/24/11 mid-day report - "Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria."
9/22/2011 12:48:26 PM - Hovering near its 52-week high and bucking a negative market today. There is no remaining resistance due to overhead supply. Reported earnings +33% on +8% sales revenues for the quarter ended August 31, 2011 versus the year ago period. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since noted in the 6/24/11 mid-day report - "Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria."
9/16/2011 12:26:51 PM - Hit a new 52-week high today, and there is no remaining resistance due to overhead supply. It had slumped near its 200 DMA line and found support near that important long-term average during its consolidation since last noted in the 6/24/11 mid-day report - "Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria."
6/24/2011 12:28:59 PM - Challenging its 52-week high today. Gapped up on 6/23/11, rising above its 50 DMA line with a 4th consecutive gain on ever-increasing volume, working up through resistance due to overhead supply. Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.
6/23/2011 12:03:09 PM - Gapped up today, rising above its 50 DMA line with a 4th consecutive gain on ever-increasing volume, working up through resistance due to overhead supply. Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.
6/21/2011 11:57:31 AM - Consolidating below its 50 DMA line with resistance up through $57 due to overhead supply. Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.
4/19/2011 11:51:07 AM - Holding its ground and inching higher following its 4/07/11 breakaway gap. No resistance remains due to overhead supply. Quarterly earnings increases have been above the +25% guideline in the past 6 comparisons, however sales revenues increases have been in the 11-13% range over the past year. A downturn in FY '09 earnings is a flaw concerning the A criteria.