Mid-Day Breakouts Report - Wednesday, February 15th, 2012

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 15TH, 2012
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DOW 12784.96 -93.32 (-0.72%) | NASDAQ 2932.71 0.88 (0.03%) | S&P 500 1345.29 -5.21 (-0.39%)

Time of Screening : 2/15/2012 11:58:04 AM Report Released : 2/15/2012 1:32:38 PM
Price is: Above 52W High and Less Than 52W High but within 8% of the 52 Week High
Volume Is: At least 75% of 50 Day Average at the time of the screening.
More details about this report...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
RAX - NYSE Rackspace Hosting Inc	$55.29	-0.16 -0.29%	$55.45	2,110,950 112.53% of 50 DAV 50 DAV is 1,875,900	$56.94 -2.90%	2/2/2012	$46.69	PP = $45.55 MB = $47.83
Most Recent Note - 2/15/2012 12:55:28 PM G - Reported earnings +80% on +32% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Holding its ground today following a considerable gap up gain with very heavy volume on the prior session, spiking to a new all-time high and getting more extended from the previously noted orderly flat base. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2012. Click here.
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RRTS - NYSE Roadrunner Trans Systems	$18.27	+0.60 3.40%	$18.44	249,725 200.74% of 50 DAV 50 DAV is 124,400	$18.44 -0.92%	2/10/2012	$17.40	PP = $17.50 MB = $18.38
Most Recent Note - 2/15/2012 1:00:35 PM Y - Gapped up today and it has above average volume behind its gain while surging to a new 52-week high near its "max buy" level. Prior highs in the $17 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/13/2012. Click here.
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TNGO - NASDAQ Tangoe Inc	$16.76	-0.93 -5.26%	$17.89	371,852 177.07% of 50 DAV 50 DAV is 210,000	$17.88 -6.26%	2/13/2012	$15.39	PP = $16.51 MB = $17.34
Most Recent Note - 2/15/2012 1:16:43 PM Y - Erasing a large part of the prior session's big gain with a loss today on heavy volume. Color code is changed to yellow while pulling back near its prior high which define initial support to watch. Due to report earnings after the close today, and volume and volatility often increase near earnings news. TNGO was featured in yellow in the 2/13/12 mid-day report (read here) with a pivot point cited based on its 52-week high plus 10 cents. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2012. Click here.
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UA - NYSE Under Armour Inc Cl A	$85.77	+1.02 1.20%	$86.87	1,141,682 92.62% of 50 DAV 50 DAV is 1,232,600	$87.40 -1.86%	2/15/2012	$85.77	PP = $84.86 MB = $89.10
Most Recent Note - 2/15/2012 1:24:43 PM Y - Found support near its 200 DMA line and recently rebounded near its 52-week high. Color code is changed to yellow with new pivot point cited based on its 12/02/11 high while working on a 16-week "double bottom" base pattern. Fundamentals remained strong through the Dec '11 quarterly comparison and it has formed a sound base since it was dropped from the Featured Stocks list on 12/22/11. >>> The latest Featured Stock Update with an annotated graph appeared on 12/22/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$524.22	+14.76 2.90%	$525.32	$525.32	-0.21%	17,136,139 141.16%	12,139,700
Most Recent Note for AAPL - 2/15/2012 11:59:07 AM This well-known tech leader may produce more climactic gains, however it is extended from any sound base after having rallied considerably since the "breakaway gap" on 1/25/12 from an advanced "3-weeks tight" base pattern, hitting new all-time highs.
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ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$11.49	+0.28 2.50%	$11.62	$11.67	-1.54%	58,243 114.65%	50,800
Most Recent Note for ANIK - 2/15/2012 12:01:40 PM Today's gain has it challenging its 52-week high after stubbornly holding its ground since noted in the 2/07/12 mid-day report - "Quarterly and annual earnings history has been below the investment system's guidelines. Considerable volume-driven gain on the prior session helped it rally toward its 52-week high."
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ASGN - NYSE - Comml Svcs-Staffing ASGN Incorporated	$13.67	+0.00 0.00%	$13.95	$13.95	-2.01%	237,984 117.64%	202,300
Most Recent Note for ASGN - 2/15/2012 12:05:18 PM Holding its ground today following a considerable volume-driven gain for a new 52-week high. The 2/14/12 mid-day report noted - "Rising clear of all resistance due to overhead supply. Strong sales revenues and earnings increases versus the year earlier periods in recent quarterly comparisons (through Dec '11) satisfy the C criteria. Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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ASUR - NASDAQ - Computer Sftwr-Enterprse Asure Software Inc	$8.32	+0.35 4.33%	$8.39	$8.95	-7.04%	18,843 88.05%	21,400
Most Recent Note for ASUR - 2/15/2012 12:08:28 PM Sales and earnings history is not a match with the fact-based system's guidelines. Low-priced stocks are not considerable under the fact-based system unless all key criteria are solidly satisfied.
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CMCSA - NASDAQ - MEDIA - CATV Systems Comcast Corp Cl A	$28.68	+1.43 5.25%	$29.05	$29.05	-1.27%	20,069,262 134.10%	14,965,500
Most Recent Note for CMCSA - 2/15/2012 12:15:19 PM The 3 latest quarterly comparisons (through Dec '11) showed sales revenues increases above the year ago periods by +50% and the Jun and Dec comparisons showed earnings increases above the +25% guideline. Gapped up today for a new 52-week high. With a streak of 7 consecutive weekly gains it has rebounded from a deep consolidation below its 200 DMA line since noted in the 5/04/11 mid-day report - "Gapped up today for another new 52-week high then reversed into the red. Annual earnings (A criteria) history has been strong and steady but quarterly earnings increases have been under the +25% guideline for the past 7 quarterly comparisons through March '11."
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CMCSK - NASDAQ - MEDIA - CATV Systems Comcast Corp Cla Special	$27.83	+1.68 6.42%	$28.02	$28.02	-0.68%	5,175,571 147.62%	3,506,100
Most Recent Note for CMCSK - 2/15/2012 12:21:41 PM The 3 latest quarterly comparisons (through Dec '11) showed sales revenues increases above the year ago periods by +50% and the Jun and Dec comparisons showed earnings increases above the +25% guideline. Gapped up today for a new 52-week high. Ownership by top-rated funds has waned from 648 in Mar '11 to 622 in Dec '11, a disconcerting sign concerning the I criteria. It has rebounded from a deep consolidation below its 200 DMA line since noted in the prior reports - "Annual earnings (A criteria) growth has been strong but its quarterly sales revenues and earnings increases have been below the +25%* guideline."*
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CPIX - NASDAQ - Medical-Ethical Drugs Cumberland Pharma Inc	$7.50	-0.18 -2.34%	$7.69	$8.02	-6.48%	30,718 78.97%	38,900
Most Recent Note for CPIX - 2/15/2012 12:23:09 PM Pulling back today following a spurt of volume-driven gains. The 2/13/12 mid-day report noted - "Quarterly earnings increases in recent comparisons have shown great improvement however the sub par sales revenues growth and annual earnings (A criteria) history is not a good match with the fact-based investment system's guidelines. Technically the low-priced stock broke out last week."
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CW - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Curtiss-Wright Corp	$38.60	-2.22 -5.44%	$40.00	$41.91	-7.90%	354,006 168.82%	209,700
Most Recent Note for CW - 2/15/2012 12:27:09 PM Gapped down today, abruptly pulling back from its 52-week high hit on the prior session. Fundamentals are not a match with winning models of the fact-based system. It survived but failed to impress since last noted in the 10/26/07 mid-day report - "Its earnings and sales growth history are below guidelines. Recently rallied above its prior 2007 high in the $49 area."
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FTI - NYSE - ENERGY - Oil & Gas Equipment & Services F M C Technologies Inc	$51.00	-2.77 -5.15%	$52.58	$55.19	-7.59%	4,007,281 169.87%	2,359,000
Most Recent Note for FTI - 2/15/2012 12:31:53 PM Reported earnings +17% on +30% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period. Gapped down today violating its 50 DMA line and dipping under prior lows in the $50 area. It encountered resistance near prior highs in the $55 area since last noted in the 12/08/11 mid-day report - "Sales revenues and earnings were above the +25% guideline for the quarter ended September 30, 2011 but its prior earnings history is not a match with the investment system's guidelines. It plunged from $58 to $20 in 4 months after weak technical action prompted it to be dropped from the Featured Stocks list on 8/01/2008, serving as an example of why investors should limit all losses at 7-8%. It broke down shortly after its appearance as a promising looking buy candidate in the July 2008 issue of CANSLIM.net News (see here)."
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GCO - NYSE - RETAIL - Apparel Stores Genesco Inc	$69.35	+4.54 7.01%	$69.45	$69.45	-0.14%	307,550 111.88%	274,900
Most Recent Note for GCO - 2/15/2012 12:34:31 PM Considerable gain for a new 52-week high with above average volume after gapping up today. Last noted in the 1/10/12 mid-day report - "Reported earnings +57% on +33% sales revenues for the quarter ended October 31, 2011 versus the year ago period. Found bullish support near its 50 DMA line on pullbacks since noted prior mid-day reports - 'Recent quarterly comparisons showed stronger increases in sales revenues and improved earnings but its annual earnings (A criteria) history has not met the fact-based investment system's guidelines.'"
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$21.66	+0.21 0.98%	$21.83	$23.48	-7.75%	311,768 95.90%	325,100
Most Recent Note for IHG - 2/15/2012 12:35:39 PM Reported earnings +42% on +4% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Rebounded near its 52-week high with an 8-week winning streak. Prior mid-day reports noted - "Recent quarterly comparisons (through Sep '11) showed improved sales revenues and earnings growth but its prior earnings history (A criteria) is below guidelines of the fact-based system."
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INOD - NASDAQ - INTERNET - Internet Software & Services Innodata Inc	$5.96	+0.30 5.30%	$6.03	$6.03	-1.16%	73,894 207.57%	35,600
Most Recent Note for INOD - 2/15/2012 12:36:50 PM Up today with above average volume. The 2/14/12 mid-day report noted - "Rallied last week with gains on heavy volume that lifted this low-priced stock to a new 52-week high. Its recent quarterly comparisons (through Dec '11) showed improving sales growth and big earnings increases. A loss in FY '10 and erratic annual earnings history (A criteria) leave fundamental concerns as it does not match the investment system's guidelines."
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INWK - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Innerworkings Inc	$11.83	+0.05 0.42%	$12.00	$12.24	-3.35%	315,074 185.34%	170,000
Most Recent Note for INWK - 2/15/2012 12:39:23 PM Perched near its 52-week high today, holding its ground stubbornly while enduring distributional pressure after a recent streak of small gains. Prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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LPSN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Liveperson Inc	$15.32	+0.36 2.37%	$15.44	$15.59	-1.76%	375,381 112.19%	334,600
Most Recent Note for LPSN - 2/15/2012 12:42:46 PM Spiked to a new 52-week high with 2 considerable gains backed by heavy volume. Quarterly earnings increases were well short of the +25% minimum guideline in the Sep and Dec '11 quarters. It survived but failed to impress since last noted in the 12/16/10 mid-day report - "On 12/06/10 it broke out from a flat base above its 50 DMA line and a previous cup shaped base. Quarterly earnings per share have been below the +25% guideline and its annual earnings (A criteria) history has been erratic, including a decrease in FY '08 earnings versus the year earlier."
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$9.25	+0.17 1.85%	$9.31	$9.31	-0.67%	10,225,698 82.94%	12,329,500
Most Recent Note for PHM - 2/15/2012 12:49:12 PM Held its ground and inched higher with volume-driven gains since last noted in the 2/06/12 mid-day report - "It survived but failed to impress since last noted on 11/08/05 when dropped from the Featured Stocks list. Earnings history is not a match with the fact-based investment system."
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REX - NYSE - Energy-Alternative/Other Rex American Resources	$29.19	+0.68 2.37%	$29.32	$29.78	-1.99%	51,368 135.89%	37,800
Most Recent Note for REX - 2/15/2012 12:56:52 PM Hitting another new 52-week high today with a 3rd consecutive volume-driven gain. Held its ground stubbornly and continued to rally into new high territory since noted in the 1/17/12 mid-day report - "Quarterly and annual earnings history (C & A criteria) has not been a match with the fact-based investment system's guidelines."
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TAL - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Tal International Group	$37.87	-0.43 -1.12%	$38.24	$38.63	-1.97%	317,380 96.94%	327,400
Most Recent Note for TAL - 2/15/2012 1:09:16 PM Pulling back today following a considerable volume-driven gain on the prior session to reach a new 52-week high. Completed an additional Public Offering on 3/31/11. Went through a deep consolidation below its 200 DMA line and reported strong (but decelerating) sales revenues and earnings increases in the Jun, Sep, and Dec '11 quarterly comparisons since noted in the 4/04/11 mid-day report - "Recently found great support above its 50 DMA line while enduring some distributional pressure. Recent quarterly comparisons show improving sales and earnings but it annual earnings (A criteria) growth history has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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TAST - NASDAQ - LEISURE - Restaurants Carrols Restaurant Group	$12.46	+0.27 2.21%	$12.65	$12.33	1.05%	47,768 80.96%	59,000
Most Recent Note for TAST - 2/15/2012 1:11:05 PM Hitting new 52-week highs with 3 consecutive gains backed by ever-increasing volume. Held its ground stubbornly above prior highs after a recent spurt of volume-driven gains. Prior mid-day reports repeatedly noted - "Sales and earnings history is below the investment system's guidelines. Its 50 DMA line and 200 DMA lines recently converged. No overhead supply remains to act as resistance."
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TNH - NYSE - CHEMICALS - Agricultural Chemicals Terra Nitrogen Co Lp	$237.25	+13.09 5.84%	$237.25	$239.79	-1.06%	69,681 119.32%	58,400
Most Recent Note for TNH - 2/15/2012 1:18:16 PM Hitting yet another new 52-week high today while adding to a recent spurt of volume-driven gains. Reported earnings +179% on +49% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Recent gains cleared the old high that it hit when noted in the 8/31/11 mid-day report - "Reported earnings +78% on +19% sales revenues for the quarter ended June 30, 2011 versus the year ago period and recent quarters were strong, but its up and down annual earnings (questionable A) history remains a fundamental concern. There is a small supply of only 4.26 million shares in its float, which can contribute to greater price volatility in the event of institutional buying or selling."
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VMI - NYSE - MANUFACTURING - Farm & Construction Machinery Valmont Industries Inc	$112.72	+2.63 2.39%	$114.55	$116.02	-2.84%	254,672 220.69%	115,400
Most Recent Note for VMI - 2/15/2012 1:27:55 PM Volume-driven gain today has it rising from the previously noted 7-month cup shaped base. Recent quarterly comparisons showed improved earnings increases satisfying the C criteria, however its annual earnings (A criteria) included a downturn in FY '10. It survived but failed to impress since it was dropped from the Featured Stocks list on 7/02/08.
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VPFG - NASDAQ - BANKING - Savings & Loans Viewpoint Financial Grp	$14.57	+0.11 0.76%	$14.65	$14.99	-2.80%	117,680 95.99%	122,600
Most Recent Note for VPFG - 2/15/2012 1:29:47 PM Holding its ground following a 2/10/12 gap up to a new 52-week high. The mid-day report on 2/13/12 noted - "Reported earnings -6%* on -10% sales for the quarter ended September 30, 2011 versus the year ago period, below the fact-based investment system's +25% earnings guideline."*
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WCG - NYSE - HEALTH SERVICES - Health Care Plans Wellcare Health Plans	$69.86	+6.90 10.96%	$71.54	$71.54	-2.35%	1,437,069 277.64%	517,600
Most Recent Note for WCG - 2/15/2012 1:32:07 PM Reported earnings +203% on +18% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period. Gapped up today for a considerable gain and new 52-week high. Noted in prior mid-day reports - "Reported earnings +142% on +11% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Leadership in the Medical - Managed Care industry group (L criteria) has contributed greatly to its recent performance. Recent quarterly comparisons show improving sales revenues and big earnings improvements, but its annual earnings (A criteria) history is below the investment system guidelines. "
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