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 DAILY AFTER-MARKET UPDATE
Tuesday, August 05, 2008 | 7:47PM

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Indices       NYSE       Nasdaq    
Dow +331.62 11,615.77 +2.94%   Volume 5,514,274,000 +22% Volume 2,429,716,750 +19%
Nasdaq +64.27 2,349.83 +2.81% Advancers  2,526 73% Advancers  1,964 66%
S&P 500 +35.87 1,284.88 +2.87% Decliners  862 25% Decliners  912 30%
Russ. 2000 +16.90 721.04 +2.40% 52 Wk Highs 55   52 Wk Highs 61  
S&P 600 +10.90 378.45 +2.97% 52 Wk Lows 114   52 Wk Lows 115  

 CLOSING  MARKET COMMENTARY  
Major Averages Tally Solid Gains on Higher Volume

The major averages rallied for the first time in four days while crude oil plunged below $119 a barrel, easing inflationary concerns. Tuesday's volume totals were reported higher on the Nasdaq exchange and on the NYSE compared to the prior session totals. Advancers outnumbered decliners by almost a 3-to-1 ratio on the NYSE and by more than a 2-to-1 ratio on the Nasdaq exchange. There were 24 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page; up from the 15 issues that appeared on the prior session. It was a reassuring sign to see an expansion of leadership, as a fresh crop of new breakouts is a key element necessary to any sustainable rally. However, the total number of stocks making new 52-week lows still outnumbered stocks making new 52-week highs on both exchanges.

Charts courtesy www.stockcharts.com

A slew of financial stocks rallied on Tuesday which helped the major averages enjoy their largest gains since last week's follow-through day. Oil skidded for a second straight day and sliced below $119 a barrel on speculation that demand may wane due to slower economic growth. Crude oil has lost nearly -20% since its closing record in early July.  Corn, platinum, and gold were among some of the other commodities that got hit on Tuesday, which also helped ease inflation concerns.

The Institute for Supply Management (ISM) released a stronger-than-expected reading of its service index. The ISM's non-manufacturing index fell in July for a second straight month as a decline in new orders overshadowed an improvement in employment. The Tempe, Arizona based firm said its index rose to 49.5, from 48.2 in June. Even though the reading was stronger than the Street's estimates it was below the boom/bust level of 50.  The service sector currently comprises over 75% of the economy.

On the earnings front, the average company in the S&P 500 is on pace for a fourth consecutive quarter of declining profits, which is the longest such stretch since 2002. Sub prime credit woes and record high energy prices have contributed to the lackluster results. According to Bloomberg.com , nearly 400 companies that released earnings through Monday were down -20% from the year-earlier quarter. Two of the weakest performing sectors were financial stocks and companies that rely on discretionary consumer spending. Interestingly, excluding financial companies, S&P 500 profits rose +4.2% from the year-earlier quarter.

At 2:13 EST, the Federal Reserve announced they are leaving rates steady at +2%. This was largely "expected" as nearly every economist on the Street was looking for the Fed to hold rates steady. Futures are pricing in a +49% chance of no increases through October, up from +23% last month. One Fed member, Richard Fisher, dissented and preferred that the Fed raise rates to combat inflation. More importantly, stocks barely moved after the committee said inflation has been high and risks are significant, but then the major averages managed to keep climbing higher towards the close. 

PICTURED: The Nasdaq Composite's big gain on higher volume was a reassuring sign of heavier buying demand coming from the institutional crowd, meanwhile the tech-heavy index remains trading under its 50-day moving average (DMA) line.

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
Influential Financial and Retail Group Gains Lead Rally

The Bank ($BKX +5.48%) and Broker/Dealer ($XBD +4.63%) indexes posted big gains as the highly influential financial group helped the major averages rally.  The tech sector was also strong as the Internet ($DOT +3.55%), Networking ($NWX +2.93%), and Semiconductor ($SOX +3.13%) indexes rallied for considerable gains.  The Healthcare ($HMO +3.37%) group outpaced the Biotechnology Index ($BTK +1.66%). Commodity linked groups were clear laggards, but even the Integrated Oil Index ($XOI +1.00%) gained some ground and the Oil Services Index ($OSX +0.17%) finished the session slightly higher, but the Gold & Silver Index ($XAU -4.99%) dove for almost a -5% loss. 

Charts courtesy www.stockcharts.com

PICTURED 1: The Broker/Dealer Index rallied back above its 50-day moving average (DMA) line.

Charts courtesy www.stockcharts.com

PICTURED 2: The Bank Index rallied for a big gain today, closing further above its 50 DMA line and ending near the session highs.

Charts courtesy www.stockcharts.com

PICTURED 3: The Retail Index ($RLX +5.41%) also blasted higher and closed above its 50 DMA line.  All of the above indices are highly influential on the major averages, so the technical improvements are reassuring signs that the market's health (the M criteria) is improving.

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

Industry Index Symbol Close Change % Change YTD % Change
Bank $BKX   69.88  +3.63  +5.48%  -20.15% 
Retail $RLX   369.35  +18.95  +5.41%  -9.28% 
Broker/Dealer $XBD   155.74  +6.89  +4.63%  -23.49% 
Internet $DOT   258.90  +8.87  +3.55%  -8.31% 
Healthcare $HMO   1,485.95  +48.45  +3.37%  -29.85% 
Semiconductor $SOX   350.33  +10.63  +3.13%  -14.03% 
Networking $NWX   214.74  +6.11  +2.93%  -17.71% 
Biotech $BTK   851.56  +13.87  +1.66%  +8.67% 
Integrated Oil $XOI   1,281.50  +12.74  +1.00%  -17.99% 
Oil Services $OSX   290.25  +0.49  +0.17%  -4.07% 
Gold & Silver $XAU   147.14  -7.73  -4.99%  -15.11% 


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.

Sun Falls After Giving Disappointing Guidance

A very important technical tool that savvy investors have learned to incorporate in their technical analysis is the 50-day moving average (DMA) line.  The 50 DMA line plays a pivotal role relative to a stock's price.  If the price of a stock is above its 50 DMA then odds are that its 50 DMA will act as formidable support.  Conversely, if the price is below its 50 DMA then the moving average acts as resistance.  Healthy stocks sometimes trade under their 50 DMA lines briefly, but usually a strong candidate will promptly bounce and repair a 50 DMA violation. When a stock has violated its 50 DMA line and then lingers beneath it, the stock's outlook gets worse and worse as it spends a greater period of time trading under that important short-term average line. Once the 50 DMA line starts sloping downward it should also be acknowledged that the stock has been struggling for a while, and it might be time to reduce exposure and look for places to put that money to work in stronger buy candidates.

Sun Hydraulics Inc. (SNHY  -$4.32 or -14.50% to $34.12) sliced below its 50 DMA line with a considerable loss on very heavy volume today after its latest earnings report's accompanying guidance clearly disappointed investors.  This stock encountered resistance near the upper limit of its trading channel - mentioned in the August 2008 Investing for the New Millennium article (read here). The weak action serves as a reminder for all investors to stay especially watchful near earnings announcements and disciplined by always limiting losses per the 7-8% sell rule, never holding a stock if it falls more than that much from your purchase price. Fundamental news often has an immediate impact. It was then noted on 8/04/08 when falling back into its prior base and near its 50 DMA line, raising concerns. Recently it had appeared in yellow in the Wednesday July 30, 2008 Mid Day Breakouts Report (read here) with an updated $41.59 pivot point and a $43.67 maximum buy price and the following note: "Y - Gain today with above average volume for a new all-time high. Its color code is changed to yellow with new pivot point and max buy levels noted. High-ranked company in the Machinery - Gen Industrial group with strong quarterly and annual earnings increases (good C & A criteria). It has rebounded impressively since weak technical action prompted its removal from the Featured Stocks list on 6/27/08. Featured in yellow in the 5/12/08 CANSLIM.net Mid-Day BreakOuts Report (read here). See the Featured Stock Update section of the 5/12/08 CANSLIM.net After Market Update for detailed analysis and an annotated graph (read here)."  The stock negated its latest breakout and has steadily fallen over the past few sessions.

The company increased its earnings in the latest quarter by +50% while sales jumped +19% versus the same period in the previous year. the company still sports strong ranks; an Earnings Per Share (EPS) rating of 95, and a Relative Strength (RS) rating of 96.  More serious concerns would be raised by further weakness leading to a close under its recent chart lows near the $31 area and its 200 DMA line.  SNHY 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.

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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 Tuesday, August 05, 2008 at 4:35:00 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
TYL - NYSE
Tyler Technologies Inc
COMPUTER SOFTWARE & SERVICES - Information Technology Service
 
$15.45 +0.09 216713
(103.84%)
7/25/2008 $17.10 PP = $16.25
Y

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MB = $17.06
Most Recent Note - 8/5/2008 8:10:23 PM
Y - Halted its slide today at its 50 DMA line after 5 consecutive losses pressured it back under prior chart highs in the $16 area. Its 50 DMA line may now act as support. Featured in the 7/25/08 CANSLIM.net Mid-Day BreakOuts Report with an annotated graph (read here) as it spiked to a new 52-week high, rising from a long flat base on heavy volume after its latest strong earnings report. See the Featured Stock Update section of the 7/31/08 CANSLIM.net After Market Update for detailed analysis and an annotated graph (read here). Good annual and quarterly earnings history (good C & A criteria) and sales increases are showing acceleration. Increasing ownership by top-rated funds is good concerning the I criteria. Return on Equity at +13% is under the +17% guideline. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major
 
$76.07 +2.95 5472279
(109.32%)
10/27/2006 $50.85 PP = $75.54
Y

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MB = $79.32
Most Recent Note - 8/5/2008 7:35:56 PM
Y - Gain today on average volume for a new high close. Just featured in the August, 2008 CANSLIM.net News (see here). Look for the stock to confirm a new technical buy signal by breaking out to new all-time highs and closing above its $75.54 pivot point (meets the N criteria) with gains on at least the minimum +50% above average volume or heavier volume in the coming days and weeks. CELG is currently trading just below its $75.54 pivot point and is in the process of forming the right side of a long 10 month base. The stock has managed to stay near its highs even as the broader market suffered losses in recent weeks. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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SYMC - NASDAQ
Symantec Corp
COMPUTER SOFTWARE & SERVICES - Application Software
 
$22.13 +0.63 14929438
(104.81%)
1/1/2003 $10.28 PP = $22.05
Y

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MB = $23.15
Most Recent Note - 8/5/2008 7:34:48 PM
Y - Gain on average volume today for a new high close, quietly rising above prior chart highs that have been a stubborn resistance level in the $21-22 area. Gapped up above its 50 DMA line on 7/31/08 with a considerable gain on above average volume after reporting its latest strong quarter. Color code was changed to yellow based on healthier action as it approaches its pivot point. Recently found support above its 200 DMA line. Just featured in the July 2008 CANSLIM.net News (see here). A new technical buy signal would be triggered by gains above its $22.05 pivot point on heavy volume. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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SNHY - NASDAQ
Sun Hydraulics Inc
MANUFACTURING - Industrial Equipment & Compone
 
$34.12 -4.32 1106208
(589.66%)
5/27/2005 $15.53 PP = $41.59
Y

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MB = $43.67
Most Recent Note - 8/5/2008 7:33:56 PM
Y - See the Featured Stock Update section of this evening's CANSLIM.net After Market Update for analysis and an annotated graph (read here). Diving for another considerable loss today after reporting quarterly earnings and giving lower guidance, violating its 50 DMA line and triggering technical sell signals. Previously noted on 8/04/08 when falling back into its prior base and near its 50 DMA line, raising concerns. It encountered resistance near the upper limit of its trading channel - mentioned in the August 2008 Investing for the New Millennium article (read here). Its small supply of shares (the S criteria) outstanding contributes to its volatility. Recently featured in the 7/30/08 CANSLIM.net Mid-Day BreakOuts Report (read here) with a gain on above average volume for a new all-time high. Its color code was changed to yellow with new pivot point and max buy levels noted. High-ranked company in the Machinery - Gen Industrial group with strong quarterly and annual earnings increases (good C & A criteria). It had rebounded impressively since weak technical action prompted its removal from the Featured Stocks list on 6/27/08 after earlier appearances.

- Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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CNQR - NASDAQ
Concur Technologies Inc
COMPUTER SOFTWARE & SERVICES - Technical & System Software
 
$42.88 +1.88 2112346
(241.47%)
5/19/2008 $39.38 PP = $40.04
Y

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MB = $42.04
Most Recent Note - 8/5/2008 7:31:34 PM
Y - Solid gain today with above average volume for a new high close. Featured in yellow again in the 7/29/2008 CANSLIM.net Mid-Day Breakouts Report (read here) following its 7/29/08 breakaway gap to a new 52-week high. American Express bought 13% of the company for $251M as the companies entered an exclusive alliance. Good annual earnings history and 4 consecutive quarterly reports have shown sales revenues and earnings increases both above the +25% guideline (good C and A criteria). Number of top-rated funds owning an interest rose from 94 in Jun '07 to 163 in Mar '08, helping satisfy the I criteria. See the Featured Stock Update section of the 6/3/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
APEI - NASDAQ
American Public Educ Inc
DIVERSIFIED SERVICES - Education & Training Services
 
$44.54 +1.90 281215
(189.88%)
7/30/2008 $45.01 PP = $45.04
Y

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MB = $47.29
Most Recent Note - 8/5/2008 7:28:54 PM
Y - Considerable gain today on above average volume, rallying back toward its pivot point. It formed a 6-month cup shaped pattern. This high-ranked leader has shown strong quarterly sales revenues and earnings growth. Featured in the 7/30/08 CANSLIM.net Mid-Day BreakOuts Report (read here) - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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UTHR - NASDAQ
United Therapeutics Corp
DRUGS - Drug Manufacturers - Other
 
$115.98 +2.23 851417
(164.11%)
8/5/2008 $114.85 PP = $110.08
Y

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MB = $115.58
Most Recent Note - 8/5/2008 2:36:22 PM
Y - Perched near 52-week and all-time highs since considerable gains with above average volume on 7/31/08 helped it rise clear of all resistance due to overhead supply out of a cup-with-handle pattern about 8 months long. Sales and earnings growth improved greatly in the latest quarterly comparisons, however its up and down annual earnings (the A criteria) history remains of some a concern. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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IIVI - NASDAQ
Ii-Vi Incorporated
ELECTRONICS - Scientific & Technical Instrum
 
$39.85 +2.70 1143854
(472.47%)
8/5/2008 $41.80 PP = $41.30
Y

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MB = $43.37
Most Recent Note - 8/5/2008 2:05:06 PM
Y - Today's breakaway gap above prior chart highs in the $41 area follows its report of another solid quarter while guiding higher. This high-ranked leader has a good annual earnings growth history and its most recent quarterly comparisons show acceleration in its earnings per share and sales revenues growth (good C & A criteria). Increasing institutional ownership interest is another reassurance concerning the I criteria.

- Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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TISI - NASDAQ
Team Inc
DIVERSIFIED SERVICES - Technical Services
 
$34.43 -2.62 494108
(286.27%)
12/18/2007 $34.00 PP = $38.60
Y

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MB = $40.53
Most Recent Note - 8/5/2008 12:38:05 PM
Y - Down considerably today, now -13% off its high and testing near its 50 DMA line. Its small supply of shares (the S criteria) outstanding can contribute to greater volatility. Technically, a buy signal has not been triggered by heavy volume gains above the pivot point noted. See the 8/04/08 analysis and an annotated graph (read here) which followed its appearance in yellow in the 7/30/08 CANSLIM.net Mid-Day BreakOuts Report (read here) while challenging all-time highs after a 7-month saucer shaped pattern. Previously noted its gap higher on 7/24/08 after reporting latest quarter results, and negative reversal with support promptly showing up on the pullback near its 50 & 200 DMA lines. Mostly strong quarterly sales revenues and earnings increases and good annual earnings growth history. Based on the small earnings increase reported for the period ended February 29, 2008 (+15%, under the +25% guideline) and erratic technical action it was dropped from the Featured Stocks list on 4/1/08. First featured in the 12/18/07 CANSLIM.net Mid-Day BreakOuts Report (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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EBIX - NASDAQ
EBIX Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
 
$100.17 +0.27 20609
(149.34%)
3/2/2008 $76.00 PP = $99.10
Y

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MB = $104.06
Most Recent Note - 8/4/2008 5:59:09 PM
Y - Perched near all-time highs after recently reporting strong quarterly results and announcing a 3:1 stock split. Its color code was changed to yellow with new pivot point and max buy levels noted. As previously noted, "Its small supply of shares and very light trading volumes could lead dramatic price volatility, especially if the institutional crowd rushes in or out." See the Featured Stock Update section of the 6/17/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). 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). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
 
$47.66 +1.29 593463
(78.88%)
4/21/2008 $49.56 PP = $53.15
Y

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MB = $55.81
Most Recent Note - 8/4/2008 5:39:22 PM
Y - Fell today on lighter volume for a 4th consecutive loss, closing just above its recent chart lows and its 200 DMA line, a very important longer-term average. Recently featured in yellow in the 7/22/08 CANSLIM.net Mid-Day Breakouts Report (read here) and covered in greater detail in the Featured Stock Update section of the 7/25/08 CANSLIM.net After Market Update with an annotated graph (read here). Decent annual earnings history (the A criteria) and quarterly earnings increases were above the +25% guideline (good C). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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MATK - NASDAQ
Martek Biosciences Corp
DRUGS - Biotechnology
 
$36.57 +0.13 378639
(67.93%)
5/29/2008 $37.48 PP = $36.90
Y

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MB = $38.75
Most Recent Note - 8/4/2008 5:31:59 PM
Y - Today was its third consecutive loss on light volume since hitting a new 52 week high. It may be forming a handle after an 8-week cup shaped pattern during which it dipped and rose back above its 50 DMA line. See the Featured Stock Update section of the 7/30/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 5/29/08 CANSLIM.net Mid-Day BreakOuts Report (read here) as it hit new multi-year highs with a considerable gain with volume running at an above average pace. Featured in the August 2004 issue of CANSLIM.net News, but it later fell out of favor and was dropped from the Featured Stocks list, making it a "turn around story" now. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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BKE - NYSE
Buckle Inc
RETAIL - Apparel Stores
 
$49.88 +1.66 621771
(129.81%)
4/16/2008 $48.75 PP = $51.55
Y

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MB = $54.13
Most Recent Note - 8/4/2008 5:20:32 PM
Y - Considerable loss today on above average volume, falling back toward its 50 DMA line. It negatively reversed on 7/23/08 after hitting an all-time high. See the Featured Stock Update section of the 7/17/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Impressively rose above its 50 DMA line on 7/16/08. Featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Good annual earnings history and quarterly earnings increases have been above the +25% guideline in 4 of the past 5 comparisons versus the year earlier (good C & A criteria). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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IBM - NYSE
Intl Business Machines
COMPUTER HARDWARE - Diversified Computer Systems
 
$128.87 +1.31 6967209
(86.65%)
4/17/2008 $122.94 PP = $131.03
Y

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MB = $137.58
Most Recent Note - 8/1/2008
Y - Volume has been drying up while it forms a handle after an 8-week cup shaped pattern. Its color code was changed to yellow with new pivot point and max buy levels noted. Gains above its 50 DMA line were recently noted as a very encouraging technical improvement as it challenged prior highs. See the Featured Stock Update section of the 6/26/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Appeared on 4/20/08 in the CANSLIM.net Special Report Series (Part 3) - Expansion in Leadership Gives Rally a Better Footing (read here). Its annual earnings growth has been slow but steady and quarterly earnings increases have shown acceleration, however sales revenue growth has been lackluster and below guidelines.
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ANSS - NASDAQ
Ansys Inc
COMPUTER SOFTWARE & SERVICES - Technical & System Software
 
$45.43 +0.06 1138317
(88.99%)
2/7/2005 $17.10 PP = $46.05
Y

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MB = $48.35
Most Recent Note - 8/1/2008
Y - Falling back toward its 50 DMA line today and a solid gain on heavy volume helped it rally above that important short term average on 7/31/08. Found support recently near prior chart highs in the $42 area and above its 200 DMA line, and any subsequent breach of those lows could complete an ominous head-and-shoulders top. Held its ground above the longer-term average after an early-July violation of its 50 DMA line was noted as a technical sell signal. Featured in the June 2008 issue of CANSLIM.net News (see here). ANSS information updated in greater detail in the Featured Stock Update section of the 7/28/08 CANSLIM.net After Market Update with an annotated graph (read here). High ranks and strong earnings history (good C and A criteria). Increasing ownership by top-rated funds, rising from 153 in Dec '06 to 246 in June '08, satisfies 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
ACN - NYSE
Accenture Ltd Cl A
DIVERSIFIED SERVICES - Business/Management Services
 
$41.28 -0.12 2286975
(67.11%)
7/30/2008 $41.92 PP = $42.14
Y

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MB = $44.25
Most Recent Note - 8/1/2008
Y - Just featured in the August, 2008 CANSLIM.net News (see here). Perched within close striking distance of its 52-week highs after basing above its 50 DMA line on the right side of a 9-month cup-with-handle type pattern. Watch for a new proper technical buy signal to be triggered with convincing gains on high volume before initiating any new positions. You are wise to wait for that blast of buying as proof institutional demand (the I criteria) is truly present and capable of leading to a sustained advance. Recently featured in the 7/30/2008 CANSLIM.net Mid-Day Breakouts Report (read here). Good annual and quarterly earnings increases (good C & A criteria).
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GHM - AMEX
Graham Corp
MANUFACTURING - Metal Fabrication
 
$94.94 +3.96 313590
(137.54%)
5/13/2008 $64.27 PP = $64.99
G

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MB = $68.24
Most Recent Note - 8/5/2008 7:41:03 PM
G - Solid gain today with above average volume, and it is extended from a sound base. Gapped up on 8/01/08 for a new all-time high after reporting strong quarterly results, raising its dividend, and setting a 2:1 stock split. Bounced after a pullback to prior chart highs in the $76 area and its 50 DMA line which acted as recent support. Traded up more than +60% since featured at $64.27 in the 5/13/08 CANSLIM.net Mid-Day BreakOuts Report (read here). See the Featured Stock Update section of the 5/30/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Strong quarterly sales revenues and earnings (good C criteria) increases. Small supply of shares outstanding (the S criteria) may contribute to greater volatility, especially if institutional investors rush in or out. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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WGOV - NASDAQ
Woodward Governor Co
MANUFACTURING - Industrial Electrical Equipmen
 
$46.84 +2.21 656984
(93.40%)
5/15/2008 $38.01 PP = $42.87
G

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MB = $45.01
Most Recent Note - 8/5/2008 7:39:10 PM
G - Gain today on average volume for a new high close. Prior chart highs should act as support now above the $42 area. See the Featured Stock Update section of the 8/01/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Its color code was changed to green after rising above its max buy level. Gapped up on 7/22/08 for a considerable gain following strong earnings news, raised guidance, and analyst upgrades. It was color coded yellow again in the 7/22/08 CANSLIM.net Mid-Day BreakOuts Report with new pivot point and max buy levels noted (read here). High-ranked leader has a good annual earnings history (good A criteria) and quarterly earnings increases have been above the +25% guideline (good C criteria). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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ENS - NYSE
Enersys
MANUFACTURING - Industrial Electrical Equipmen
 
$32.81 +1.13 962777
(101.89%)
5/12/2008 $27.22 PP = $28.35
G

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MB = $29.77
Most Recent Note - 8/5/2008 7:37:29 PM
G - Encountering resistance as it rises near its 50 DMA line. The Featured Stock Update section of the 7/24/08 CANSLIM.net After Market Update included a detailed analysis with annotated graph (read here). Triggered a technical buy signal on 5/13/08 by trading above its pivot point with volume nearly triple its average pace, indicative of institutional buying demand (the I criteria) as it hit new all-time highs (the N criteria). Traded up as much as +38.5% since featured in yellow for the first time in the 5/12/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Earnings and sales improved nicely and showed good acceleration in the last 3 quarterly comparisons. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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TTES - NASDAQ
T Three Energy Services
ENERGY - Oil & Gas Equipment & Services
 
$59.03 -1.98 355221
(141.24%)
4/15/2008 $52.41 PP = $52.58
G

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MB = $55.21
Most Recent Note - 8/5/2008 7:33:54 PM
G - Fell further below its 50 DMA line today with a loss on heavier volume, approaching recent chart lows in the $57 area that now are important support to watch above its 200 DMA line. 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. See the Featured Stock Update section of the 4/28/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
SDA - NYSE
Sadia Sa Adr
FOOD & BEVERAGE - Food - Major Diversified
 
$22.97 +0.96 652282
(97.59%)
4/24/2008 $20.95 PP = $20.61
G

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MB = $21.64
Most Recent Note - 8/5/2008 7:32:36 PM
G - Gapped up today and closed above its 50 DMA line. See the 7/18/08 Featured Stock Update Section for a detailed analysis (read here). Found recent support near its 200 DMA line and recovered back above its Nov '07 chart highs in the $21 area. Negatively reversed on 5/29/08 for a loss on heavy volume after hitting a new all-time high, and subsequent weakness led to a violation of the previously noted upward trendline, raising concerns. 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. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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FLS - NYSE
Flowserve Corp
MANUFACTURING - Diversified Machinery
 
$118.77 -4.99 1402673
(171.48%)
2/28/2008 $106.18 PP = $112.42
G

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MB = $118.04
Most Recent Note - 8/5/2008 7:06:06 PM
G - Third loss today on above average volume in a 4 session losing streak, encountering distributional pressure since promptly falling back into its prior base and sinking under its 50 DMA line, negatively reversing after gapping up on 7/31/08 for a new high following strong earnings and guidance. Previously noted as it "promptly reversed into its prior base after its 7/21/08 gain with slightly above average volume helped it rally to a new high above resistance at prior chart highs in the $140 area." It had rebounded impressively since it triggered a technical sell signal on 7/03/08 with a considerable loss on heavy volume. See the Featured Stock Update section of the 7/03/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). 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.

- Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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MANT - NASDAQ
Mantech International
COMPUTER SOFTWARE & SERVICES - Business Software & Services
 
$58.05 -0.51 404715
(169.83%)
4/1/2008 $46.84 PP = $54.08
G

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MB = $56.78
Most Recent Note - 8/5/2008 2:11:26 PM
G - Gapped up on 8/04/08, rallying for a considerable gain with above average volume. Color code was changed to green after getting extended from an ideal buy point. The high-ranked leader in the Computer - Tech Services group recently reported another strong quarter and was previously noted that it had "no resistance remaining due to overhead supply". See the Featured Stock Update section of the 6/25/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 4/01/08 CANSLIM.net Mid-Day BreakOuts Report after it gapped up (read here). Sales and earnings in recent quarterly comparisons show stronger increases, and its annual growth has been steady. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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BMI - NYSE
Badger Meter Inc
ELECTRONICS - Scientific & Technical Instrum
 
$49.70 +0.20 0
(0.00%)
4/16/2008 $47.70 PP = $47.50
G

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MB = $49.88
Most Recent Note - 8/5/2008 1:52:47 PM
G - Consolidating above prior chart highs that recently acted as support, and in healthy shape above its 50 DMA line. See the Featured Stock Update section of the 7/29/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). A considerable 7/21/08 gain on heavy volume helped it break out from an orderly base-on-base type pattern after reporting better than expected earnings and sales increases in the latest quarter ended June 30, 2008. However, the improvement in earnings and sales versus the year ago period was under the +25% guideline, leaving concerns about the fundamentals. Highlighted in a 6/05/08 newspaper article (read here). Featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report when breaking out of a cup-with-handle type pattern (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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AFAM - NASDAQ
Almost Family Inc
HEALTH SERVICES - Home Health Care
 
$37.00 +3.43 590302
(343.00%)
5/21/2008 $24.27 PP = $23.22
G

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MB = $24.38
Most Recent Note - 8/5/2008 1:50:38 PM
G - Gapped up today for a considerable gain and another new all-time high after reporting better than expected results for the quarter ended June 30, 2008. It has traded up +60.88% since featured in a 6/04/08 CANSLIM.net Stock Bulletin with detailed analysis and an annotated graph (read here). It has shown very strong technical action since announcing plans on 6/19/08 to buy Patient Care for $45.2 million. First featured in the 5/21/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Good annual and quarterly earnings increases meet the C & A criteria. Its small supply of shares outstanding could contribute to greater volatility, especially if institutional investors rush in or out. Group strength has been improving with leadership from AMED and USPH provide some reassurance with respect to the L criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
 
$41.80 -4.39 1055472
(224.38%)
9/19/2007 $31.30 PP = $42.69
G

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MB = $44.82
Most Recent Note - 8/5/2008 1:45:38 PM
G - Violated its 50 DMA line today, triggering a technical sell signal with its second consecutive considerable loss. Reported a strong quarter and gapped up on 7/31/08 for a new all-time high following a short consolidation (not a base of adequate length) above support at its 50 DMA line and above prior chart highs in the $42 area. See the Featured Stock Update section of the 7/21/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). 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). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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MVL - NYSE
Marvel Entertainment Inc
MEDIA - Movie Production, Theaters
 
$31.19 -4.07 5484913
(376.84%)
5/1/2008 $28.69 PP = $29.08
G

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MB = $30.53
Most Recent Note - 8/5/2008 12:10:15 PM
G - Without great volume conviction behind any of its gains since 6/24/08, today's considerable loss on high volume stands out that much more as a clear sign of distribution or institutional selling pressure. After reporting strong sales and earnings increases for the period ended June 30, 2008 it gapped down and violated its 50 DMA line, a technical sell signal. The next important technical support is at prior resistance in the $29-30 area just above its 200 DMA line which it held above at its July lows - see the 7/16/08 analysis with annotated graph (read here). Previously noted technical sell signals when it violated its 50 DMA line on 6/30/08, also breaching an upward trendline connecting recent chart lows. Also noted its negative reversal on 6/11/08 at all-time highs well above its max buy level. It gapped up on 5/05/08 after reporting its latest quarterly results which were noted as below the +25% guideline, but stronger than expected. First featured in the May 2008 issue of CANSLIM.net News (read here).
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WHG - NYSE
Westwood Holdings Group
FINANCIAL SERVICES - Asset Management
 
$47.50 +1.51 30558
(103.94%)
7/11/2008 $44.16 PP = $42.60
G

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MB = $44.73
Most Recent Note - 8/4/2008 5:51:45 PM

G - Consolidating above prior chart highs in the $43 area and its 50 DMA line that are key support. Recently encountered distributional pressure after getting extended from a sound base. Some concerns were raised by its latest quarterly financial results, which showed deceleration, but came in near guidelines. See the Featured Stock Update section of the 7/15/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in yellow in the 7/11/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Recently found support near its 50 DMA line on pullbacks after rising from a long flat base. Very small supply of shares could contribute to great volatility if the institutional crowd rushes in or out.

- Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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CEL - NYSE
Cellcom Israel Ltd
TELECOMMUNICATIONS - Telecom Services - Foreign
 
$32.56 +0.93 221495
(98.53%)
7/8/2008 $36.17 PP = $36.79
G

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MB = $38.63
Most Recent Note - 8/4/2008 5:26:28 PM
G - Gapped down today and violated its 200 DMA line with a loss on above average volume, raising more concerns and triggering a technical sell signal. Color code was changed to green since recent deterioration pressured it from its highs. It was featured in the 7/08/08 CANSLIM.net Mid-Day BreakOuts Report (read here). See the Featured Stock Update section of the 7/14/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). It has strong quarterly earnings increases above the +25% guideline (good C criteria) and accelerating sales revenues growth. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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CEDC - NASDAQ
Central European Dist Cp
WHOLESALE - Basic Materials Wholesale
 
$69.07 -0.82 1737686
(205.18%)
4/1/2008 $58.19 PP = $62.62
G

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MB = $65.75
Most Recent Note - 8/4/2008 5:24:35 PM
G - Loss on light volume today, falling back under its 50 DMA line. Gapped up 5/01/08, breaking into new high territory (the N criteria) with a gain above its $62.62 pivot point confirming a new technical buy signal. 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 at $58.19 in the April 2008 CANSLIM.net News with detailed technical information and an annotated chart (read here). See the Featured Stock Update section of the 6/13/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
ATVI - NASDAQ
Activision Blizzard Inc
COMPUTER SOFTWARE & SERVICES - Multimedia & Graphics Software
 
$34.61 +0.45 3827545
(72.05%)
5/9/2008 $30.07 PP = $28.04
G

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MB = $29.44
Most Recent Note - 8/4/2008 4:34:30 PM
G - Loss today on near average volume, sinking below its 50 DMA line again, raising concerns. Gapped up on 7/15/08, rising well above its 50 DMA line with a considerable gain on near twice its average daily volume, a bullish indication of heavy institutional (the I criteria) buying demand. Trading temporarily under the ticker symbol ATVID since the merger with Vivendi Games was completed effective 7/10/2008 (see Press Release here). Retested and found prompt support at its December '07 highs. See the Featured Stock Update section of the 5/19/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in yellow in the 5/09/08 CANSLIM.net Mid-Day BreakOuts Report (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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FLIR - NASDAQ
Flir Systems Inc
ELECTRONICS - Scientific & Technical Instrum
 
$38.74 +0.88 1559396
(60.84%)
3/8/2005 $16.50 PP = $35.64
G

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MB = $37.42
Most Recent Note - 8/4/2008 3:25:37 PM
G - Gapped down today, falling further below its 50 DMA line after recently violating that important support level. Recent losses on above average volume were noted as it triggered technical sell signals. The Featured Stock Update section of the 6/27/08 CANSLIM.net After Market Update included analysis and an annotated graph (read here). The number of top rated funds owning an interest rose from 159 in Jun '07 to 204 in Mar '08. Strong quarterly and annual earnings history satisfies the C & A criteria. Featured in yellow in the 5/22/08 CANSLIM.net Mid-Day BreakOuts Report (read here). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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PTNR - NASDAQ
Partner Communicatns Ads
TELECOMMUNICATIONS - Telecom Services - Foreign
 
$21.22 +0.69 287773
(163.51%)
3/14/2008 $22.91 PP = $24.05
G

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MB = $25.25
Most Recent Note - 8/4/2008 3:23:16 PM
G - Third consecutive loss on above average volume, sinking further below its 200 DMA line while approaching prior chart lows in the $19-20 area. Color code was changed to green since recent deterioration has pressured it from its highs. Encountered resistance at its 50 DMA line after its 7/10/08 violation triggered a technical sell signal. See the Featured Stock Update section of the 6/05/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 5/21/08 CANSLIM.net Mid-Day Breakouts Report (read here). Good quarterly and annual earnings (C & A criteria) growth. Earnings increases have been greater than +25% in 7 of its 8 most recent quarterly comparisons versus the year earlier. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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PDE - NYSE
Pride International Inc
ENERGY - Oil & Gas Equipment & Services
 
$37.26 +0.27 1987504
(81.06%)
4/15/2008 $38.68 PP = $37.34
G

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MB = $39.21
Most Recent Note - 8/4/2008 3:21:49 PM
G - Down considerably today, violating its 200 DMA line and raising concerns by deteriorating under its July '07 highs in the $40 area, triggering additional technical sell signals. See the Featured Stock Update section of the 7/22/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Struggling since it violated its 50 DMA line and upward trendline on 7/02/08, triggering technical sell signals. Negatively reversed on 6/30/08 after hitting a new all-time high with unimpressive volume. Featured at $38.68 in the 4/15/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Strong quarterly and annual earnings increases satisfy C & A criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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CMP - NYSE
Compass Minerals Intl
CHEMICALS - Specialty Chemicals
 
$65.22 +0.56 1033581
(148.16%)
6/3/2008 $77.35 PP = $76.39
G

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MB = $80.21
Most Recent Note - 8/4/2008 3:17:09 PM
G - Considerable loss today after encountering resistance near its 50 DMA line and recent chart highs. Found recent support in the $61 area. Big 7/23 and 7/24 losses with above average volume raised concerns and triggered technical sell signals. See the Featured Stock Update section of the 6/10/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 6/03/08 CANSLIM.net Mid-Day BreakOuts Report (read here) and closed that session with a gain on nearly twice average volume, rising from a 6-week base that included a bounce near its 50 DMA line support. Showed solid sales and earnings increases in the 3 latest quarterly comparisons after 4 prior lackluster reports, yet it has a good annual earnings history (good A criteria). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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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
EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other
 
$17.75 +0.49 771507
(104.71%)
7/8/2008 $14.80 PP = $14.98
G

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MB = $15.73
Most Recent Note - 8/4/2008
G - Consolidating near all-time highs since its negative reversal on 7/24/08. See the Featured Stock Update section of the 7/11/08 CANSLIM.net After Market Update for more details and an annotated graph (read here). Prior chart highs near its pivot point are now an important support level to watch. Featured in the 7/08/08 CANSLIM.net Mid-Day BreakOuts Report (read here) and ended near the session high with a second consecutive big gain on above average volume for a new 52-week high. Accelerating sales revenues growth and steady earnings growth above the +25% guideline in the 3 latest quarterly comparisons (good C criteria) versus the year earlier with a great annual earnings history (good A criteria). - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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WAB - NYSE
Wabtec
AUTOMOTIVE - Auto Parts
 
$54.25 +0.54 1043729
(123.61%)
1/24/2006 $29.38 PP = $42.09
G

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MB = $44.19
Most Recent Note - 8/1/2008 4:14:34 PM
G - Sitting perched quietly near all-time highs, extended from a sound base after multiple gains on above average volume including several gaps up, indicative of institutional buying demand (the I criteria). See the Featured Stock Update section of 7/23/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). Featured in the 4/24/08 CANSLIM.net Mid-Day BreakOuts Report (read here). Good annual earnings history and steady quarterly earnings increases above the +25% guideline satisfy the C and A criteria. - Kenneth J. Gruneisen, CAN SLIM® Certified, Registered Principal, Source Capital Group, Inc. (Members FINRA, SIPC)
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BABY - NASDAQ
Natus Medical Inc
HEALTH SERVICES - Medical Appliances & Equipment
 
$24.26 +0.25 268432
(55.18%)
12/21/2007 $19.22 PP = $20.07
G

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MB = $21.07
Most Recent Note - 8/1/2008 2:55:48 PM
G - Considerable gain today for new all-time highs, building on recent gains after reporting strong quarterly results on 7/31/08. Found support near its 50 DMA line, but it has not made exceptional progress since triggering a technical buy signal on 5/01/08. See the Featured Stock Update section of the 6/19/08 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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ICLR - NASDAQ
Icon Plc Ads
DIVERSIFIED SERVICES - Research Services
 
$82.72 +0.94 167304
(136.69%)
4/24/2007 $45.50 PP = $71.22
G

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MB = $74.78
Most Recent Note - 8/1/2008 4:52:38 AM
G - Consolidating since its 7/22/08 gap up for considerable gain on heavy volume for a new all-time high, rising from an upward wedging flat base above is 50 DMA line. Reported strong earnings, raised guidance, and also set a 2:1 stock split. Color code was changed to green as it got extended above its earlier pivot point. See the Featured Stock Update section of the 7/09/08 CANSLIM.net After Market Update for analysis and an annotated graph (read here). First featured in yellow at $45.50 in 4/24/2007 CANSLIM.net Mid-Day Breakouts Report (read here).
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  ABBREVIATION KEY
 L= Leader | ET = Extended | BO = Break Out (new) | BV = Big Volume | F = Fundamentals C = Current Quarterly Earnings Comparisons | A = Annual Earnings Comparisons | S = Shares Outstanding | I = Institutional Ownership | PP = Pivot Point | MB = Maximum Buy Price Under the Guidelines | DGO = Daily Graphs Online®




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