DaVita Inc. (DVA) - NYSE: Solid gains on Friday on nearly four times its average volume, closing up +3% and at the session highs. This comes after recently breaking out on Sept 5th when shares quickly pulled back to the 50 DMA. The two above average volume down days on 9/11 and 9/14 were noted to current Premium Members as - "issues of technical weakness. A close below the 50 DMA would be a concern, and a break below the recent lows a more serious matter." That weakness has now been negated at this point. DR Horton Inc. (DHI) - NYSE: Closes at a new multi-year high on Friday after blasting higher the week previous with volume-backed gains of +3.5%/+48% and 3.3%/+86% respectively. Did first breakout on Tuesday, Sept 4th (as noted - "Looks poised to breakout as soon as Tuesday") For those who bought, any above average volume declines would be a sign of technical weakness and your first support area is now at the highs of the previous base near $19.25. Cubist Pharmaceuticals Inc. (CBST) - Nasdaq: Made a cup-with-handle breakout on 8/24 that has held up very well. Was most recently highlighted in our special report "Top 10 Highest-Ranked Technical Set-Ups"™ that was released on August 4th. Continues trading in a steady uptrend and makes a new all-time high close again this week on above average volume. Any above average volume declines or a break below the upward trend would be the first concern. The Valspar Corporation (VAL) - NYSE: Continues charging higher since breaking out on Sept 6th on above average volume. As previously noted - "8/9 volume advance was initially buyable. Still looks poised to breakout." Biogen Idec Inc. (BIIB) - Nasdaq: - No real concerns since breaking out and triggering our technical buy signal. Continues trading at new all-time highs. As previously noted - "Clear breakout on Thursday [9/6] with a close near the session highs +3.8%. Should be at the top of your watch list."
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