08/27/2009 Mid-Day Breakouts Report

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08/27/2009 Mid-Day Breakouts Report
Thursday, August 27, 2009 / CANSLIM.net

Dow 9,544.05 +0.53 (+0.01%) | Nasdaq 2,008.49 -15.94 (-0.79%) | S&P 500 1,024.09 -4.03 (-0.39%)

ABOUT

THIS

REPORT

Time of Screening : 12:03PM
Price is: Above 52W High and Less Than 52W High but within 10%
Volume Is: At least 57.5% of 50 Day Average at the time of the screening.

At around mid-way through each trading day we run a screen against our database of high-ranked stocks, searching for possible buy candidates that are trading at or near their 52-week high on above average volume. The results of that screen are split into the two sections you see below. The first, titled "TODAY's FEATURED STOCKS" shows stocks that CANSLIM.net's experts have recently identified as among the most strong CANSLIM-based buy candidates to consider. Stocks highlighted in yellow are the most timely and noteworthy, so particular attention and prompt action may be appropriate. The second section, titled "TODAY's BREAKOUT SCREEN" shows the remainder of stocks meeting today's screen parameters. Our experts have reviewed and included notes on these stocks as well, but found that they may not match up as favorably with O'Neil's guidelines in the book "How to Make Money in Stocks".

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Y - Today's better buy candidates highlighted by our staff of experts.

G - Previously featured in this report as yellow and now may no longer be buyable under the guidelines.

TODAY'S	FEATURED	STOCKS	To View Current Notes and Data on Featured Stocks -> Featured Stocks Page
NONE OF CANSLIM.NET'S FEATURED STOCKS MET TODAY'S SCREENING CRITERIA

TODAY'S

BREAKOUT

SCREEN

To Perform a Your Own Customized Screen of our Leaders List -> Screening Tool

This second section, titled "TODAY's BREAKOUT SCREEN" shows the remainder of stocks meeting today's screen parameters. Our experts have reviewed and included notes on these stocks as well, but found that they may not match up as favorably with O'Neil's guidelines in the book "How to Make Money in Stocks".

Symb.	Co. Name	Price	Chg.	52 W High	% From High	Vol.	DAV	% of DAV	Resources

WIT NYSE	Wipro Ltd Ads COMPUTER SOFTWARE & SERVICES - Business Software & Services	$16.08	-$0.02	$16.34	-1.59%	245709	418000	58.78%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Perched at its 52-week high. After years of steady earnings growth, recent quarterly comparisons show no growth. This Indian IT firm was was dropped from the Featured Stocks list on 2/28/07 and it subsequently sank from $17.51 to as low as $5.04 before rebounding. View All Notes for WIT

PNCL NASDAQ	Pinnacle Airlines TRANSPORTATION - Regional Airlines	$6.89	+$0.02	$7.49	-8.01%	84987	91600	92.78%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Airline has a poor annual earnings history (the A criteria). It has no sound base, having soared from a March low of $0.97. There is overhead supply up to the $20 level which may act as resistance. View All Notes for PNCL

MED AMEX	Medifast Inc SPECIALTY RETAIL - Specialty Retail, Other	$18.35	-$0.65	$19.57	-6.23%	535774	676400	79.21%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
It is very extended from any sound base and pulling back today from its 52-week high after a 7 session winning streak on ever-increasing volume. Its 50 DMA line served as a key support level during a sharp pullback in June. Recent quarterly sales and earnings increases (the C criteria) have shown strong acceleration, yet its up and down annual earnings history (the A criteria) is a fundamental concern. View All Notes for MED

CHS NYSE	Chico's Fas Inc RETAIL - Apparel Stores	$13.06	-$0.20	$13.34	-2.10%	3560627	5452100	65.31%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
It has rebounded impressively from its November 2008 lows, having stopped the bleeding in recent quarters, but its fundamentals are a concern still. On 3/8/2006 this company hailing from the Retail - Clothing Shoe industry group was dropped from the Featured Stocks list and its fundamentals went south in the years since. It fell -95.6% from the $39.60 (its 200 DMA line at the time) level cited in notes as "the final sell signal " after earlier sell signals. Chicos Fas Inc first rose +155% in the 15 month period following its appearance in the December 2003 issue of CANSLIM.net News (read here). View All Notes for CHS

GFA NYSE	Gafisa S A Ads MATERIALS &; CONSTRUCTION - Residential Construction	$30.61	-$1.12	$32.31	-5.26%	1098852	679500	161.71%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Fundamentals are now below guidelines of the investment system. Based on weak technical action it was dropped from the Featured Stocks list on 6/19/08 and it subsequently fell from $35 to $5 before the year's end. The stock has rebounded impressively from its lows after its Dec '08 and Mar '09 quarterly earnings slumped below year ago comparisons. View All Notes for GFA

SXCI NASDAQ	S X C Health Solution COMPUTER SOFTWARE & SERVICES - Healthcare Information Service	$44.15	-$0.01	$44.67	-1.16%	172883	270300	63.96%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
It has been steadily wedging higher since its 8/06/09 "breakaway gap" to multi-year highs with a considerable gain on very heavy volume. The 7/15/09 mid-day report included a note - "gain on above average volume, rising from a flat base-on-base type pattern during which it found support above its 50 DMA line. Recently reported another quarter of huge sales and earnings increases, helped by acquisitions rather than organic growth. Its up and down annual earnings history (the A criteria) is a concern." View All Notes for SXCI

MDAS NASDAQ	Medassets Inc COMPUTER SOFTWARE & SERVICES - Healthcare Information Service	$23.00	-$0.46	$23.81	-3.40%	321129	528500	60.76%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Holding its ground stubbornly since it spiked up on 8/25/09 near all-time highs with a big gain on heavy volume. Earnings comparisons have been flat in the 2 latest quarterly comparisons, raising fundamental concerns. View All Notes for MDAS

GLP NYSE	Global Partners Lp WHOLESALE - Basic Materials Wholesale	$21.81	-$1.38	$24.00	-9.13%	35110	31200	112.53%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Today's loss on above average volume has it pulling back toward prior chart highs and important support at its 50 DMA line. Sales and earnings history is below guidelines of the investment system. Insider buying at highs in recent weeks is an encouraging sign. View All Notes for GLP

MAIL NASDAQ	Incredimail Ltd COMPUTER SOFTWARE & SERVICES - Business Software & Services	$9.45	-$0.30	$9.97	-5.22%	93378	94100	99.23%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
The Israel-based developer of email software has rallied impressively from its November '08 lows under $2, approaching multi-year highs in the $9-10 area. There is no sound base. This low priced Computer Software - Education/Entertainment firm has made several other appearances in this mid-day screen in August since it was first noted in the 8/07/09 mid-day report that "recent quarters showed great earnings improvement, but it has an erratic annual earnings (the A criteria) history." View All Notes for MAIL

WCRX NASDAQ	Warner Chilcott Plc DRUGS - Drug Manufacturers - Other	$21.02	-$0.56	$22.94	-8.37%	918095	1564300	58.69%	C A N S L I M, StockTalk, News, Chart, SEC, Zacks Reports
Three of its four latest quarters showed better than +25% earnings increases over the year ago period, however its sales revenues growth has been sub par. Holding its ground since gaps up on 8/24/09 and 8/25/09 helped it blast to new all-time highs after announcing a deal to buy Procter & Gamble Co's prescription drug business for $3.1 Billion (read here). View All Notes for WCRX

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