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 DAILY AFTER-MARKET UPDATE
Monday, May 12, 2008 | 6:58PM

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Indices       NYSE       Nasdaq    
Dow +130.43 12,876.31 +1.02%   Volume 3,328,972,750 -5% Volume 1,783,843,000 +4%
Nasdaq +42.97 2,488.49 +1.76% Advancers  2,386 69% Advancers  1,995 66%
S&P 500 +15.30 1,403.58 +1.10% Decliners  960 28% Decliners  879 29%
Russ. 2000 +13.18 733.23 +1.83% 52 Wk Highs 69   52 Wk Highs 65  
S&P 600 +6.14 385.56 +1.62% 52 Wk Lows 71   52 Wk Lows 96  

 CLOSING  MARKET COMMENTARY  
Retailers' Encouraging Sales Data Helps Major Averages Rally Further

The major averages bounced nicely on Monday after finding support near their prior chart highs. Advancers led decliners by greater than a 2-to-1 ratio on the NYSE and Nasdaq exchanges while volume, an important indicator of institutional activity, was reported lighter on the NYSE and very near but just above the prior session total on the Nasdaq exchange. There were 38 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, which was lower than the 46 on the prior session. The number of stocks making new 52-week lows still outnumbered stocks making new 52-week highs, narrowly on the NYSE, and by a wider margin on the Nasdaq exchange.  It would be an encouraging sign of healthy market leadership to see an expansion in the new highs list in the days ahead.

Charts courtesy www.stockcharts.com

Last week, the major averages encountered resistance after rallying near their respective 200-day moving average (DMA) lines, and they pulled back towards support (formerly resistance). On Monday, the bulls showed up and defended support while sending stocks higher, which is considered a healthy sign. A slew of stronger-than-expected results from some of the country's largest retailers helped lift stocks. In addition, the world's largest bond insurer said that it has enough reserves to cover the securities it guarantees, helping allay concerns that the credit crunch will intensify.

The Retail ($RLX +2.74%) group was among the day's strongest industry groups (see the Industry Group Watch section of tonight's report for an in depth analysis) which were buoyed higher by stronger than expected sales. Shares of Wal-Mart Stores (WMT +1.47%), Macy's Inc (M +3.27%), Anntaylor Stores Corp (ANN +16.05%), Buckle Inc. (BKE +1.75%), Nike (NKE +0.72%) and several other high profile retailers enjoyed healthy gains on the news.

MBIA Inc.(MBI +4.45%) rallied for the first time in nearly a week after the bond insurer said it has "ample liquidity" and will not have to raise additional capital. This helped a slew of financial stocks to rally, many of them recovering from Friday's heavy American International Group, Inc. (AIG -4.74%) related sell-off. It was very encouraging to see a nice handful of stocks breakout of sound bases on Monday. Research-In-Motion Ltd. (RIMM +6.93%), Apple Inc.(AAPL +2.57%), Excel Maritime Carriers (EXM +11.89%), and Sun Hydraulics Inc. (SNHY +7.10%) all surged on heavy volume. Watching how market leaders perform on a day-to-day basis is an excellent way to ascertain the underlying health of the market.

PICTURED: The S&P 500 Index bounced with a gain on lighter volume after pulling back near support at prior chart highs.

Adam Sarhan,  Contributing Writer, www.CANSLIM.net


Adam Sarhan is a Registered Representative and Vice President of Investments with Source Capital Group (Member FINRA,SIPC) and offers a suite of services for individual and institutional investors. Mr. Sarhan earned a BA and MA in Political Science from Florida Atlantic University and he is well versed in capital markets. In addition, Mr. Sarhan completed the CAN SLIM® Masters Program presented by Investor's Business Daily. Investors with a significant financial interest may inquire about opening an account by calling the office locally at 954-785-1990 or 1-888-237-8399 or emailing to asarhan@sourcegrp.com. Further information is always available upon request. Contact us if you know anyone that may have an interest in receiving this or any of our other products.
asarhan@sourcegrp.com

The recommendations made by CAN SLIM
® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Source Capital Group, Inc. 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. Source Capital Group, Inc. is a FIRNA/SIPC member firm.

 INDUSTRY  GROUP  WATCH  
The commentary and table below will show you important industry and/or sector information through today's close. Tracking certain areas or sectors for leadership characteristics helps you to find individual stocks with the "L" in CAN SLIM® - Leaders in a leading group

Retail Index Bounces Near 50 Day Moving Average

Financial shares helped underpin the major averages advance on Monday as the Bank ($BKX +2.04%) and Broker/Dealer ($XBD +2.53%) indexes posted solid gains.  The tech sector had a positive bias while the Networking ($NWX +1.71%) and Internet ($DOT +1.72%) indexes outpaced the Semiconductor ($SOX +1.16%) and Biotechnology ($BTK +0.89%) indexes.  The energy group was mixed as the Oil Services Index ($OSX -1.42%) fell while the Integrated Oil ($XOI +0.90%) rose modestly.  There were minor losses for the Gold & Silver Index ($XAU -0.38%) and the Healthcare ($HMO -0.14%) group.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +2.74%) bounced after a pullback to its 50-day moving average line.  It was helped by encouraging sales reports from a number of high-profile retailers.

- by Kenneth J. Gruneisen, Founder & Contributing Writer, www.CANSLIM.net

Industry Index Symbol Close Change % Change YTD % Change
Retail $RLX   405.89  +10.84  +2.74%  -0.31% 
Broker/Dealer $XBD   175.56  +4.34  +2.53%  -13.75% 
Bank $BKX   82.68  +1.65  +2.04%  -5.52% 
Internet $DOT   275.15  +4.65  +1.72%  -2.55% 
Networking $NWX   236.63  +3.97  +1.71%  -9.32% 
Semiconductor $SOX   403.12  +4.62  +1.16%  -1.07% 
Integrated Oil $XOI   1,533.20  +13.72  +0.90%  -1.88% 
Biotech $BTK   754.77  +6.66  +0.89%  -3.68% 
Healthcare $HMO   1,471.54  -1.99  -0.14%  -30.53% 
Gold & Silver $XAU   178.95  -0.68  -0.38%  +3.24% 
Oil Services $OSX   327.77  -4.73  -1.42%  +8.34% 


FEATURED  STOCKS UPDATE  

Latest Notes on All Featured Stocks | Recently Featured Stock Updates

The stocks below have been recently featured by CANSLIM.net. Our experts monitor these stocks and post updates on noteworthy action here.

Twice Average Volume Behind Gain to New Highs

Volume is a vital component of technical analysis.  Prudent investors that incorporate volume into their stock analysis have often benefited several fold. Ideally, healthy stocks will more often tend to rise on higher volume and pullback on lighter volume.  Volume is a great proxy for institutional sponsorship.  Conversely, high volume declines can be ominous, as this usually signals distribution and further price deterioration are more likely to follow.

Sun Hydraulics Inc. (SNHY +$2.63 or +7.10% to $39.68), surged to a new record high today with a considerable gain on two times average volume. The healthy action, indicative of institutional buying demand (the I criteria), helped this high-ranked leader appear in yellow in the CANSLIM.net MidDay Breakouts Report (read here) with a new $36.60 pivot point and a $38.43 maximum buy price and the following note: "Y - High-ranked company in the Machinery - Gen Industrial group reaching new all-time highs today. Showed strong quarterly earnings increases. Patience may allow disciplined investors to accumulate shares on light volume pullbacks toward prior chart highs. Technically broke out on 5/06/08 from an orderly flat base as well, and now it is a bit extended from that earlier base."  The company increased its earnings in the latest quarter by +30% while sales jumped +20% versus the same period in the previous year. SNHY sports strong ranks; an Earnings Per Share (EPS) rating of 95, and a Relative Strength (RS) rating of 98.  The number of top-rated funds owning an interest rose from 30 in Jun '07 to 53 in Mar '08, which shows increasing institutional demand (the I criteria). Concerns would be raised by any weakness leading to a close under its old chart highs near $36.50 area which would have the effect of technically negating its latest breakout. Always limit losses per the 7-8% sell rule, and never hold a stock if it falls more than that from your purchase price. 

This stock was first featured on Friday, May 27, 2005 in the CANSLIM.net Mid Day Breakouts Report (read here) with a split adjusted $15.24 pivot point and a $16 maximum buy price. Initially, the stock rallied nearly +50% before encountering some resistance and then pulling back and triggering technical sell signals. The stock spent the next 2 years building a new base before breaking out again in May 2007. A few months later, the stock topped out in July 2007 and began building its latest 10-month base. Last week it cleared an orderly flat base with big volume gains on May 6, 2008 which alllowed it to challenge prior chart highs in the $36-38 area.

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- by Kenneth J. Gruneisen, Founder & Contributing Writer, www.CANSLIM.net

Kenneth J. Gruneisen -  Has successfully completed the CAN SLIM® Certification Program.  Mr. Gruneisen is a Registered Principal and manages a Source Capital Group Member FINRA,SIPC) branch office offering personalized assistance. Investors with a significant financial interest in equities may inquire about opening an account by calling the office locally at (954) 785-1990 or 1-888-237-8399 or emailing to kgruneisen@sourcegrp.com  Further information is always available upon request. Contact us if you know anyone that may have an interest in receiving this or any of our other reports.

The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Source Capital Group, Inc. 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. Source Capital Group, Inc. is a FINRA/SIPC member firm.

  Y - Today's better buy candidates based on the CAN SLIM® investment system and  highlighted by our staff of experts.   G - Previously featured in this report as yellow and now may no longer be buyable under the guidelines.

NOTE : ADDED FEATURES: Click the company name to view each selection's CANSLIM.net Stock Profile including a full summary of recent and previous analysis by our experts. On the CANSLIM.net Featured Stocks Page you can now click the column headings to alternately sort all currently Featured Stocks in ascending/descending order.
Daily Graphs Online Denotes link to Daily Graphs Online®


Last Updated Monday, May 12, 2008 at 4:40:00 PM by Kenneth Gruneisen and the expert staff at CANSLIM.net

Export to Excel (Most recent data)

Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
VMI - NYSE
Valmont Industries Inc
MANUFACTURING - Farm & Construction Machinery
 
$110.51 +2.56 240130
(63.08%)
4/17/2008 $103.69 PP = $99.23
Y

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MB = $104.19
Most Recent Note - 5/12/2008 6:05:47 PM
Y - Gain on light volume for a second consecutive new high close. Recently found support above its prior chart highs ($99-100). Featured in the 4/17/08 CANSLIM.net Mid-Day BreakOuts Report as it posted early gains for new all-time highs after its latest strong earnings news, but negatively reversed (read here). See the Featured Stock Update section of 5/2/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Deterioration leading to a close back in its prior base would raise concerns by negating its breakout. Ahead of its latest earnings report it technically broke out 4/16/08 with a considerable gain on well above average volume. Strong earnings history satisfies the C and A criteria.
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TDY - NYSE
Teledyne Tech Inc
DIVERSIFIED SERVICES - Technical Services
 
$58.28 +0.52 171666
(50.48%)
6/14/2005 $33.83 PP = $57.31
Y

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MB = $60.18
Most Recent Note - 5/12/2008 6:03:36 PM
Y - Volume is drying up while it continues consolidating in a tight range above support at prior chart highs in the $57 area, still trading below its max buy price. See the Featured Stock Update section of 4/29/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Considerable gain with heavy volume on 4/23/08 helped it blast to its prior chart highs in the $57 area after reporting its latest quarterly financials. Earnings growth in the 2 latest quarters has improved by above the +25% guideline (good C criteria) and it has a good annual earnings (A criteria). See Featured Stock Update section in tonight's report for a detailed analysis.
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SNHY - NASDAQ
Sun Hydraulics Inc
MANUFACTURING - Industrial Equipment & Compone
 
$39.68 +2.63 285435
(204.61%)
5/27/2005 $23.33 PP = $36.60
Y

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MB = $38.43
Most Recent Note - 5/12/2008 6:01:53 PM
Y - Closed strong after featured in yellow earlier today in the CANSLIM.net Mid-Day BreakOuts Report (read here). See the Featured Stock Update section of this evening's CANSLIM.net After Market Update for detailed analysis and an annotated graph (read here). High-ranked company in the Machinery - Gen Industrial group reaching new all-time highs. Showed strong quarterly earnings increases. Patience may allow disciplined investors to accumulate shares on light volume pullbacks toward prior chart highs. Technically broke out on 5/06/08 from an orderly flat base as well, and now it is a bit extended from that earlier base.


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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software & Services
 
$138.86 +0.23 1438004
(96.74%)
11/9/2007 $101.48 PP = $129.34
Y

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MB = $135.81
Most Recent Note - 5/12/2008 5:46:16 PM
Y - It dipped intra-day to under its max buy level before closing the session higher, demonstrating how patience may allow for accumulation on light volume pullbacks as previously noted. Its earnings growth rate has been stellar - satisfying the C and A criteria. Gapped up on 5/09/08 after reporting solid sales and earnings increases for the latest quarter ended March 31, 2008 and providing stronger guidance. Technically, the breakaway gap was a solid buy signal, blasting well above its latest pivot point by more than its +5% max buy level. Breakaway gaps have been recognized as one exception where, in bullish market environments, stocks may be bought as much as +10% above a stock's pivot point. The usual sell discipline applies. Confirming group leadership (the L criteria) came from Google after its latest earnings report. See the Featured Stock Update section of the 4/14/08 CANSLIM.net After Market Update for analysis and an annotated graph demonstrating how it found great support in recent weeks near its 50 DMA line, an important short term average where healthy stocks typically find support from institutional investors (read here). Its 4/18/08 gap up was a previously noted bullish technical indication of institutional accumulation (the I criteria) during its latest base. PCLN has traded up as much as +50% above the pivot point noted when featured in the 11/09/07 CANSLIM.net Mid-Day BreakOuts Report (read here).
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ORB - NYSE
Orbital Sciences Corp
AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
 
$26.64 +0.26 374107
(49.22%)
5/1/2007 $20.87 PP = $26.05
Y

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MB = $27.35
Most Recent Note - 5/12/2008 5:41:56 PM
Y - Still quietly consolidating above prior chart highs in the $26 area, which is now an important chart support level. Heavy volume on 4/17/08 helped it blast to a new all-time high after its latest earnings report, however there are fundamental concerns, as its +21% increase over the March 31, 2007 results is below the +25% guideline. The Featured Stock Update section of the 3/18/08 CANSLIM.net After Market Update included analysis and an annotated graph (read here). Featured in the May 2007 edition of the CANSLIM.net News (read here) while it was trading above its pivot point of $20.37 and below its maximum buy price of $21.38.
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances
 
$25.06 -0.62 14351
(33.22%)
2/21/2008 $27.25 PP = $27.74
Y

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MB = $29.13
Most Recent Note - 5/12/2008 5:40:51 PM
Y - Quietly hovering near support at its 200 DMA line, and just above prior chart lows that were previously noted as important levels to watch. It gapped down on 4/14/08 and violated its 50 DMA line, raising concerns. Considerable gains on +50% above average volume or more are needed to help it rally above its pivot point and trigger a new technical buy signal. See the Featured Stock Update section of the 3/24/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). It has failed to make headway and pulled back since featured in the 2/21/08 CANSLIM.net Mid-Day BreakOuts Report (read here) and later that afternoon in a more detailed CANSLIM.net Stock Bulletin (read here). It has shown steady annual earnings growth and its quarterly earnings increases have been borderline, but not especially impressive (for the C and A criteria) in respect to the system's +25% guideline.
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MANT - NASDAQ
Mantech International
COMPUTER SOFTWARE & SERVICES - Business Software & Services
 
$46.92 +0.32 141665
(53.78%)
4/1/2008 $46.84 PP = $47.58
Y

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MB = $49.96
Most Recent Note - 5/12/2008 5:38:25 PM
Y - Positively reversed today after dipping to its 50 DMA line. Concerns were raised after it recently fell back into its prior base. Featured in the 4/01/08 CANSLIM.net Mid-Day BreakOuts Report after it gapped up (read here). An annotated graph was included with more extensive details in that evening's CANSLIM.net After Market Update (read here). Sales and earnings in recent quarterly comparisons show stronger increases, and its annual growth has been steady.
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ICLR - NASDAQ
Icon Plc Ads
DIVERSIFIED SERVICES - Research Services
 
$72.96 -0.05 88810
(48.56%)
4/24/2007 $45.50 PP = $71.22
Y

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MB = $74.78
Most Recent Note - 5/12/2008 5:31:25 PM
Y - Quietly consolidating in a tight range above prior chart highs in the $70 area that are an initial support level. It blasted to a new high after a positive reversal on 4/29/08 following reporting earnings per share +33% and sales +48%. Color code was changed to yellow again on 5/01/08 with new pivot point and max buy levels noted. Stock was covered in the Featured Stock Update section of the 3/19/08 CANSLIM.net After Market Update (read here). Gapped up on 2/21/08 from a base-on-base type pattern after its latest strong earnings report. First featured in yellow at $45.50 in 4/24/2007 CANSLIM.net Mid-Day Breakouts Report (read here).
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IBM - NYSE
Intl Business Machines
COMPUTER HARDWARE - Diversified Computer Systems
 
$125.24 +1.18 8649290
(99.55%)
4/17/2008 $122.94 PP = $119.89
Y

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MB = $125.88
Most Recent Note - 5/12/2008 5:29:04 PM
Y - Gain on average volume today for a new high close. Recently consolidating above prior highs in the $120 area, forming a "3 weeks tight" type pattern. Analysis with an annotated chart appeared on 4/20/08 in the CANSLIM.net Special Report Series (Part 3) - Expansion in Leadership Gives Rally a Better Footing (see here). Gains on 4/17/08 and 4/18/08 with above average volume lifted it to a new 52-week high, approaching its max buy level. Quarterly earnings increases have shown acceleration however sales revenue growth has been lackluster and below guidelines. This is a technically strong big-cap stock and its annual earnings growth has been slow but steady. Institutional ownership by top funds has been increasing, a nice reassurance for the I criteria.
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HOS - NYSE
Hornbeck Offshore Svcs
TRANSPORTATION - Shipping
 
$47.00 -1.04 683296
(97.85%)
2/21/2008 $44.83 PP = $49.18
Y

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MB = $51.64
Most Recent Note - 5/12/2008 5:27:59 PM
Y - Recently finding support near its 50 DMA, but its gap down on 5/01/08 triggered technical sell signals after it reported earnings. Increasing ownership interest by top-rated funds has been reassuring concerning the I criteria. See the Featured Stock Update section of the 3/27/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured on 2/21/2008 as early gains on high volume had it nearly challenging prior chart highs in the $47 area after reporting stronger earnings and sales revenues increases for the latest quarter ended Dec 31, 2007 (read here). This high-ranked leader has a small supply of shares outstanding. It has a good annual earnings growth history (good A criteria).
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
GTLS - NASDAQ
Chart Industries Inc
ENERGY - Oil & Gas Equipment & Services
 
$39.00 +0.92 383252
(70.35%)
9/19/2007 $31.30 PP = $38.07
Y

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MB = $39.97
Most Recent Note - 5/12/2008 5:25:31 PM
Y - Found support near its 50 DMA line since it got hit on 5/01/08. After reporting quarterly result it triggered technical sell signals then promptly bounced after testing near its 200 DMA and March lows. Previously, strong confirming gains on 4/15/08 and 4/16/08 triggered a new technical buy signal as it rose above its pivot point on more than double its average volume. Featured in yellow at $37.66 in the 4/15/08 CANSLIM.net Mid-Day BreakOuts Report (read here). First featured at $31.30 in the 9/19/07 in the CANSLIM.net Mid-Day Breakouts Report (read here).
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GFA - NYSE
Gafisa S A Ads
MATERIALS & CONSTRUCTION - Residential Construction
 
$42.90 +1.53 1772307
(177.92%)
2/28/2008 $40.79 PP = $42.85
Y

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MB = $44.99
Most Recent Note - 5/12/2008 5:23:57 PM
Y - Color code is changed to yellow based on the latest pullback. Gain today with +78% above average volume helped it rally above its pivot point again after finding support near its prior chart highs in the $40 area. Featured in the 5/01/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Found support near its 50 & 200 DMA lines, but based on weak technical action it was dropped from the Featured Stocks list on 3/19/08. Originally featured in the 2/28/08 CANSLIM.net Mid-Day BreakOuts Report (read here).
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GEF - NYSE
Greif Inc Cl A
CONSUMER NON-DURABLES - Packaging & Containers
 
$67.26 +2.90 284612
(79.88%)
12/21/2007 $65.98 PP = $68.53
Y

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MB = $71.96
Most Recent Note - 5/12/2008 5:02:19 PM
Y - Considerable gain today on light volume helped it rally and close above its 50 DMA after recently finding support near its 200 DMA line. See the Featured Stock Update section of the 4/09/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Its 3/25/08 gain above its pivot point with +52% above average volume was just above the minimum volume guideline for a proper technical buy signal. Decelerating sales revenues growth rate is a concern. Featured in the 1/31/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Hails from the high-ranked Containers group, which is reassuring concerning the L criteria.
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FSLR - NASDAQ
First Solar Inc
ELECTRONICS - Semiconductor - Broad Line
 
$284.84 +0.34 2266485
(46.67%)
4/15/2008 $286.19 PP = $291.59
Y

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MB = $306.17
Most Recent Note - 5/12/2008 5:00:34 PM
Y - Consolidating on light volume above its 50 DMA line since hitting highs near $300. It traded heavy volume on 4/30/08 after reporting another quarter of triple digit earnings and sales growth, however it encountered resistance and reversed from intra-day highs, failing to close above its pivot point for a convincing new technical buy signal. Featured in the 4/15/08 CANSLIM.net Mid-Day BreakOuts Report (read here). High-ranked leader has shown very strong sales revenues and earnings increases.
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ENS - NYSE
Enersys
MANUFACTURING - Industrial Electrical Equipmen
 
$27.28 +0.64 1145218
(263.57%)
5/12/2008 $27.22 PP = $28.35
Y

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MB = $29.77
Most Recent Note - 5/12/2008 4:34:36 PM
Y - Featured in yellow for the first time in today's CANSLIM.net Mid-Day BreakOuts Report (read here). High-ranked leader challenging prior chart highs in the $28 area with little resistance now remaining due to overhead supply. Earnings and sales improved nicely and showed good acceleration in the last 3 quarterly comparisons.
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
CEDC - NASDAQ
Central European Dist Cp
WHOLESALE - Basic Materials Wholesale
 
$65.54 +1.74 422282
(60.32%)
4/1/2008 $58.19 PP = $62.62
Y

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MB = $65.75
Most Recent Note - 5/12/2008 4:29:41 PM
Y - Light volume gain today for a close near its max buy level. Holding its ground well since gapping up 5/01/08, breaking into new high territory (the N criteria) after reporting solid earnings and raising guidance, producing a gain that confirmed a new technical buy signal by breaking out above its $62.62 pivot point. The small supply of outstanding shares (the S criteria) could lead to dramatic price volatility, especially if the institutional crowd rushes in or out. Featured in the April 2008 CANSLIM.net News with detailed technical information and an annotated chart (read here).
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BKE - NYSE
Buckle Inc
RETAIL - Apparel Stores
 
$50.50 +0.87 214306
(44.10%)
4/16/2008 $48.75 PP = $48.55
Y

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MB = $50.98
Most Recent Note - 5/12/2008 4:23:17 PM
Y - Gain today on quiet volume for a new high close. Support is at an upward trendline and its 50 DMA line in the $46 area. See the Featured Stock Update section of the 4/21/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Good annual earnings history (good A criteria) and quarterly earnings increases have been above the +25% guideline in 3 of the past 4 comparisons versus the year earlier. Sales revenues increases have been pretty good, but not meeting the +25% guideline.
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BAP - NYSE
Credicorp Ltd
BANKING - Foreign Regional Banks
 
$80.61 -0.29 396718
(113.15%)
12/12/2007 $76.47 PP = $80.49
Y

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MB = $84.51
Most Recent Note - 5/12/2008 4:22:24 PM
Y - Reported solid earnings news but suffered an analyst downgrade and gapped down on 5/08/08, dipping under prior chart highs in the $80 area before rebounding and continuing to close above that important support level. Recently featured in 4/24/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Based on weak technical action it was previously dropped from the Featured Stocks list 1/25/08. It held up well above its 200 DMA line and repaired the recent technical damage with a gap up on 4/01/08 above its 50 DMA line. It was previously featured in the 12/12/07 CANSLIM.net Mid-Day BreakOuts Report (read here). Earnings and sales growth has been strong in the past 4 quarters and on an annual basis (good C and A criteria).
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BABY - NASDAQ
Natus Medical Inc
HEALTH SERVICES - Medical Appliances & Equipment
 
$21.10 +0.18 309108
(114.78%)
12/21/2007 $19.22 PP = $20.07
Y

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MB = $21.07
Most Recent Note - 5/12/2008 4:19:53 PM
Y - Consolidating above its pivot point and near its max buy level now, this high-ranked leader triggered a new technical buy signal on 5/01/08 with above average volume conviction while rallying to a new 52-week high following solid earnings and better guidance for 2008. On April 29, 2008 it filed for an additional $150 million stock offering, and the company completed a small offering on 4/04/08 raising approximately $13 million. See the Featured Stock Update section of the 4/11/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). The Featured Stock Update section of the 12/21/07 CANSLIM.net After Market Update included detailed analysis and an annotated graph after it triggered a technical buy signal, rising on heavy volume to new highs from a flat base 8 months long (read here).
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ATVI - NASDAQ
Activision Inc
COMPUTER SOFTWARE & SERVICES - Multimedia & Graphics Software
 
$30.90 -0.74 8324631
(192.56%)
5/9/2008 $30.07 PP = $28.04
Y

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MB = $29.44
Most Recent Note - 5/12/2008 4:17:00 PM
Y - Gapped down today for a loss on above average volume. Featured in yellow in the 5/09/08 CANSLIM.net Mid-Day BreakOuts Report (read here) and covered in greater detail with an annotated graph in that evening's CANSLIM.net After-Market Update (read here). Hit new multi-year highs after a breakaway gap following its latest report showing very strong quarterly sales and earnings increases for the quarter ended March 31, 2008, helped by its new Guitar Hero video game.
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
AME - NYSE
Ametek Inc
MANUFACTURING - Industrial Electrical Equipmen
 
$50.23 +1.07 369346
(67.66%)
4/21/2008 $49.56 PP = $48.55
Y

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MB = $50.98
Most Recent Note - 5/12/2008 4:13:32 PM
Y - Second best close, still consolidating in a "3 weeks tight" type pattern with volume drying up while holding its ground above prior chart highs in the $48 area. Featured in yellow in the 4/21/08 CANSLIM.net Mid-Day BreakOuts Report (read here) after a breakaway gap up to new all-time highs came following better than expected earnings news and raised guidance. Decent annual earnings history (the A criteria) and quarterly earnings increases were above the +25% guideline for 3 of the past 4 financial reports (good C).
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WFT - NYSE
Weatherford Intl Ltd
ENERGY - Oil & Gas Equipment & Services
 
$84.74 -1.26 3898722
(84.06%)
4/1/2008 $72.47 PP = $72.91
G

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MB = $76.56
Most Recent Note - 5/12/2008 6:10:25 PM
G - It is currently too extended from a sound base to be considered buyable under the guidelines, and its latest quarter showed earnings increasing under the +25% guideline, raising some concerns. It rallied with multiple up days on above average volume, rising above its pivot point from a 7-month flat base. It traded up more than +20% since featured at $72.47 in the April 2008 CANSLIM.net News with detailed technical information and an annotated chart (read here).
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WAB - NYSE
Wabtec
AUTOMOTIVE - Auto Parts
 
$45.80 +1.45 628005
(113.11%)
1/24/2006 $29.38 PP = $42.09
G

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MB = $44.19
Most Recent Note - 5/12/2008 6:08:14 PM
G - Color code is changed to green today after gains lifted it above its max buy price to new all-time highs. Recently featured in the 4/24/08 CANSLIM.net Mid-Day BreakOuts Report (read here). See the Featured Stock Update section of 4/30/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Good annual earnings history and steady quarterly earnings increases above the +25% guideline satisfy the C and A criteria.
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TTES - NASDAQ
T Three Energy Services
ENERGY - Oil & Gas Equipment & Services
 
$62.95 +4.12 282916
(139.09%)
4/15/2008 $52.41 PP = $52.58
G

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MB = $55.21
Most Recent Note - 5/12/2008 6:04:34 PM
G - Considerable gain on above average volume today to new all-time highs. Recently found support on a pullback near its pivot point and prior chart highs ($52-53). See the Featured Stock Update section of 4/28/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). This Oil&Gas - Field Services firm produced great earnings growth in recent years (good A criteria), and 7 of its past 8 quarterly earnings increases were above the +25% guideline. Featured in yellow at $52.41 in the 4/15/08 CANSLIM.net Mid-Day BreakOuts Report (read here) as considerable gains on above average volume helped it rally above its pivot point.
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SDA - NYSE
Sadia Sa Adr
FOOD & BEVERAGE - Food - Major Diversified
 
$22.38 +1.11 831976
(132.46%)
4/24/2008 $20.95 PP = $20.61
G

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MB = $21.64
Most Recent Note - 5/12/2008 5:58:08 PM
G - Gain today on above average volume after a pullback near support at prior chart highs in the $21 area. See the Featured Stock Update section of the 5/08/09 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured on 4/24/08 in the CANSLIM.net Mid-Day BreakOuts Report (read here). Technically broke out on 4/23/08 with well above average volume helping it rise above previous chart resistance. Sales revenues growth and earnings growth in the few most recent quarterly financial reports (the C criteria) shows impressive acceleration in this Brazilian food processing firm.


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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
PDE - NYSE
Pride International Inc
ENERGY - Oil & Gas Equipment & Services
 
$44.86 +0.40 3793489
(108.31%)
4/15/2008 $38.68 PP = $37.34
G

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MB = $39.21
Most Recent Note - 5/12/2008 5:48:11 PM
G - Positively reversed for a gain on average volume, closing the session at a new all-time high. Extended above prior chart highs since bouncing near support at prior chart highs in the $40 area. See the Featured Stock Update section of 4/25/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). This high-ranked leader is still trading well above its max buy level. Featured at $38.68 in the 4/15/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Technically it cleared its $37.34 pivot point with its recent gains backed by above average volume meeting guidelines. Strong quarterly and annual earnings increases satisfy C & A criteria.
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OTEX - NASDAQ
Open Text Corp
INTERNET - Internet Software & Services
 
$37.76 +1.78 684284
(104.18%)
12/1/2007 $35.29 PP = $35.84
G

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MB = $37.63
Most Recent Note - 5/12/2008 5:42:47 PM
G - Rallied after a pullback near prior chart highs in the $35-36 area. Negatively reversed after hitting a new high on 5/07/08. It triggered a technical buy signal on 4/30/08 as it surged from a 5-month base, rallying above its pivot point on very heavy turnover after reporting latest quarterly results. See the Featured Stock Update section of the 4/24/2008 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here). The high-ranked leader has been talked about as an acquisition candidate, a point noted in a 4/10/08 "New America" column in the paper (read here). Good annual and quarterly earnings increases and high ranks.
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MVL - NYSE
Marvel Entertainment Inc
MEDIA - Movie Production, Theaters
 
$34.60 +0.94 1914744
(187.81%)
5/1/2008 $28.69 PP = $29.08
G

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MB = $30.53
Most Recent Note - 5/12/2008 5:39:58 PM
G - Gain today on above average volume for a new all-time high, currently trading above its max buy price. It gapped up on 5/05/08 after reporting latest quarter results which were noted as below the +25% guideline, but stronger than expected. Sentiment has been helped by recent success of its new Iron Man movie. First featured in the May 2008 issue of CANSLIM.net News (read here).
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MA - NYSE
Mastercard Inc Cl A
DIVERSIFIED SERVICES - Business/Management Services
 
$290.26 +3.41 2319932
(70.01%)
10/31/2007 $184.95 PP = $222.35
G

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MB = $233.47
Most Recent Note - 5/12/2008 5:37:31 PM
G - Still trading in a tight range and stubbornly holding its gains, currently extended from its prior base, not buyable under guidelines. This high-ranked leader reported strong quarterly results on 4/29/08 and blasted higher. Updated on 3/23/08 in the Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through (read here). Traded up as much as +58.7% since first featured in the November 2007 issue of CANSLIM.net News (read here). Number of top-rated funds owning an interest rose from 156 in Jun '07 to 274 in Mar '08, a strong sign of institutional buying demand (the I criteria).
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KEX - NYSE
Kirby Corp
TRANSPORTATION - Shipping
 
$57.47 +0.79 638115
(77.71%)
3/18/2008 $50.74 PP = $50.26
G

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MB = $52.77
Most Recent Note - 5/12/2008 5:35:15 PM
G - Holding its ground, still basing in a tight range above support at its 50 DMA line, and encountering stubborn resistance near $60. Latest quarterly earnings per share up +48%, and sales increased +21%. First featured at $50.74 in the 3/18/08 CANSLIM.net Mid-Day BreakOuts Report after a gap up and considerable gain on very heavy volume to a new all-time high following its latest strong earnings report and raised guidance (read here). Good annual earnings history and its 4 latest quarterly earnings increases were above the +25% guideline good C & A criteria).
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
ISRG - NASDAQ
Intuitive Surgical Inc
HEALTH SERVICES - Medical Appliances & Equipment
 
$291.24 +2.14 427583
(38.74%)
7/27/2004 $20.68 PP = $359.69
G

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MB = $377.67
Most Recent Note - 5/12/2008 5:34:22 PM
G - Color code is changed to green while it continues quietly trading just above its 200 DMA line. Holding its ground since gapping down on 4/18/08 after its latest earnings news, when it violated its 50 DMA line and triggering a technical sell signal. Concerns were also raised because of deterioration under prior chart highs in the $315 area. A proper buy signal was not triggered on or after its appearances in yellow in the 4/10/08 CANSLIM.net Mid-Day BreakOuts Report (read here) and in the Featured Stock Update section of the 4/10/08 CANSLIM.net After Market Update with detailed analysis and an annotated graph (read here). It has high-ranks based on strong quarterly sales revenues and earnings increases (good C criteria). This stock has traded up more than 13-fold since it was first featured in yellow in CANSLIM.net report on August 18, 2004.
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FLS - NYSE
Flowserve Corp
MANUFACTURING - Diversified Machinery
 
$123.60 +2.34 670990
(76.80%)
2/28/2008 $106.18 PP = $112.42
G

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MB = $118.04
Most Recent Note - 5/12/2008 4:58:12 PM
G - Holding its gains with volume drying up again since gapping up on 4/29/08 after its latest earnings news, where earnings per share rose +159% and sales jumped +24% in the latest quarter ended March 31, 2008. See the Featured Stock Update section of the 4/04/08 CANSLIM.net After Market Update for details and an annotated graph (read here). Violation of prior high closes in the $115 area or a breach of its 50 DMA line would raise concerns and trigger technical sell signals. Featured in the 2/28/08 CANSLIM.net Mid-Day BreakOuts Report (read here). It has a history of strong quarterly earnings and sales revenues increases.
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FCN - NYSE
F T I Consulting Inc
DIVERSIFIED SERVICES - Business/Management Services
 
$60.88 +0.11 1046679
(106.89%)
12/28/2007 $61.88 PP = $62.53
G

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MB = $65.66
Most Recent Note - 5/12/2008 4:55:22 PM
G - Small gain today halted a streak of six consecutive losses. Raised concerns recently and triggered technical sell signals by closing under prior chart highs in the $63 area. Also trading below its 50 DMA line, both of which were levels previously noted as technical support to watch. See the Featured Stock Update section of the 5/06/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Gapped up on 2/29/08 for a considerable gain on very heavy volume after it reported better than expected earnings results and gave FY '08 earnings and revenues guidance above Street expectations. The quarter ended Dec 31, 2007 had only a +20% earnings per share increase, giving cause for concern. Featured in the 12/28/07 CANSLIM.net Mid-Day BreakOuts Report (read here). Increasing institutional ownership, with the number of top rated funds owning shares rising from 96 in Dec '06 to 171 in Mar '08, satisfying the I criteria. Completed an additional share offering on 10/03/07.
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EXPO - NASDAQ
Exponent Inc
DIVERSIFIED SERVICES - Business/Management Services
 
$32.39 +0.60 83119
(55.30%)
1/31/2008 $30.86 PP = $30.91
G

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MB = $32.46
Most Recent Note - 5/12/2008 4:36:09 PM
G - Posted 2 consecutive light volume gains since halting its slide near prior chart highs in the $30-31 area that were noted as an important technical support level. It sliced below its 50 DMA line on 5/07/08, raising concerns. Gapped up on 4/15/08 after reporting its latest quarterly earnings news, promptly repairing a prior 50 DMA line violation. See the Featured Stock Update section of the 4/02/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Number of top rated funds owning an interest rose from 39 in Mar '07 to 48 in Mar '08, helping satisfy the I criteria. First featured at $30.86 in the 1/31/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Solid quarterly earnings increases (good C criteria).
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EBIX - NASDAQ
EBIX Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
 
$92.99 -0.50 7944
(98.07%)
3/2/2008 $76.00 PP = $77.60
G

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MB = $81.48
Most Recent Note - 5/12/2008 4:32:19 PM
G - Holding its recent gains stubbornly, extended way above its max buy price and not buyable under guidelines now. Its considerable gain on 4/22/08 helped it rise above its pivot point with volume more than triple its average daily trading total, triggering a proper technical buy signal. First featured at $76.00 in the March 2008 CANSLIM.net News (read here). The Featured Stock Update section of the 3/28/08 CANSLIM.net After Market Update provided a detailed analysis and an annotated graph (read here). Its small supply of shares and very light trading volumes could lead dramatic price volatility, especially if the institutional crowd rushes in or out.
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts & Casinos
 
$62.74 -2.18 842216
(95.63%)
10/29/2007 $56.35 PP = $63.10
G

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MB = $66.26
Most Recent Note - 5/12/2008 4:31:38 PM
G - Backpedaling since gapping down on 5/07/08, pulling back towards prior chart highs near $63, an important support level. See the Featured Stock Update section of the 5/07/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Recently featured in the May 2008 issue of CANSLIM.net News (read here).
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CSX - NYSE
C S X Corp
TRANSPORTATION - Railroads
 
$63.99 +0.75 2797986
(49.52%)
4/16/2008 $60.47 PP = $58.91
G

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MB = $61.86
Most Recent Note - 5/12/2008 4:30:42 PM
G - Consolidating on light volume after recently hitting new all-time highs well above its max buy level. See the Featured Stock Update section of the 5/1/2008 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Healthy action since it gapped up and was featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report rising from a "3-weeks tight" type of chart pattern (read here). Widespread strength in the Transportation - Rail group is a nice reassurance of leadership (good L criteria). Better than +25% earnings increases in the 2 latest quarters help satisfy the C criteria, however sales revenues growth rate remains below guidelines. It has a decent annual earnings history (good A criteria).
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CE - NYSE
Celanese Corp
CHEMICALS - Chemicals - Major Diversified
 
$48.13 +1.78 1978875
(145.61%)
4/24/2008 $43.89 PP = $44.87
G

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MB = $47.11
Most Recent Note - 5/12/2008 4:27:42 PM
G - Color code is changed to green after further gains today on +45% above average volume lifted it beyond its max buy level. High-ranked company in a group with a lot of leadership, featured in the 4/24/04 CANSLIM.net Mid-Day BreakOuts Report (read here). It recently traded to new multi-year highs above $45 with gains on above average volume. Technically, it broke out on 4/22/08 with gains on sufficient volume to trigger a buy signal. Two latest quarterly earnings comparisons showed +25% or greater increases over the year earlier period, satisfying the C criteria.
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BMI - AMEX
Badger Meter Inc
ELECTRONICS - Scientific & Technical Instrum
 
$51.80 +0.68 107269
(81.20%)
4/16/2008 $47.70 PP = $47.50
G

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MB = $49.88
Most Recent Note - 5/12/2008 4:25:31 PM
G - Volume is drying up while it is consolidating in a tight range above support at prior chart highs in the $47 area. See the Featured Stock Update section of the 4/23/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Any close below its earlier high close ($46.73 on 4/02/08) would raise concerns and trigger a technical sell signal. Featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report when breaking out of a cup-with-handle type pattern (read here). It gapped up and hit a new all-time high after reporting strong sales and earnings increases in the latest quarter ended Mar 31, 2008, however prior sales revenues growth was lackluster.
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AXYS - NASDAQ
Axsys Technologies Inc
MANUFACTURING - Industrial Electrical Equipmen
 
$57.17 +0.65 121947
(92.59%)
4/24/2008 $50.44 PP = $52.49
G

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MB = $55.11
Most Recent Note - 5/12/2008 4:18:24 PM
G- Gain today on light volume for its best ever close, above its max buy level. Recently reported another strong quarter. Its sales revenues growth has shown acceleration and earnings growth rates have improved considerably in the past 4 quarters (well above the +25% guideline) to satisfy the C criteria, and it recently raised guidance. Annual earnings history has been up and down, which is less than ideal concerning the A criteria). Small 8.56 million share float. Number of top-rated funds owning an interest has increased from 25 in Jun '07 to 44 in Mar '08, satisfying the I criteria.
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Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
(% DAV)
Date when First Featured Price when First Featured Latest Pivot Point
Featured
Status Resources
Latest Max Buy Price
ARD - NYSE
Arena Resources Inc
ENERGY - Independent Oil & Gas
 
$49.62 -0.21 651997
(103.62%)
3/22/2007 $47.09 PP = $45.45
G

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MB = $47.72
Most Recent Note - 5/12/2008 4:14:46 PM
G - Second best close ever. It has high ranks, a good annual earnings growth history, and very solid quarterly sales revenues and earnings increases (the C criteria), along with increasing institutional ownership (the I criteria) and reassuring group leadership (the L criteria). It has rallied beyond its max buy level after bouncing near its 50 DMA line, finding prompt support after it fell back into its prior base with a considerable loss on 5/01/08 with heavy volume. See the 4/22/08 CANSLIM.net Stock Bulletin for detailed analysis and an annotated graph (read here). Featured in the 4/21/08 CANSLIM.net Mid-Day BreakOuts Report (read here) after it gapped up, breaking out of a near 4 month base.
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JST - AMEX
Jinpan International Ltd
ELECTRONICS - Diversified Electronics
 
$42.45 +2.50 119340
(147.88%)
10/11/2007 $29.57 PP = $31.54
G

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MB = $33.12
Most Recent Note - 5/12/2008 12:56:03 PM
G - Gapped up today, adding to recent gains that have lifted it well above its max buy level. See the Featured Stock Update section of the 4/07/08 CANSLIM.net After Market Update for details and an annotated graph (read here). Traded up as much as +57.8% since featured at $27.42 in the March 2008 CANSLIM.net News with detailed technical information and an annotated chart (read here).
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  ABBREVIATION KEY
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