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 MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 6TH, 2012
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DOW 12770.77 -192.04 (-1.48%) | NASDAQ 2909.44 -41.04 (-1.39%) | S&P 500 1344 -20.33 (-1.49%)
Time of Screening : 3/6/2012 11:48:26 AM         Report Released : 3/6/2012 1:15:36 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
Max Buy
ECHO - NASDAQ
Echo Global Logistics
$17.95 -0.11
-0.58%
$17.99 102,117
137.25% of 50 DAV
50 DAV is 74,400
$19.38
-7.40%
2/22/2012 $18.50 PP = $18.63
MB = $19.56
Most Recent Note - 3/6/2012 12:11:24 PM
Y - Slumping near its 50 DMA line today following 2 damaging volume-driven gaps down in the past week. Gaps down are considered signs of distributional pressure. It has slumped below its pivot point, raising concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/23/2012. Click here.
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SHFL -

$17.07 +2.50
17.16%
$17.49 2,244,706
499.16% of 50 DAV
50 DAV is 449,700
$17.49
-2.40%
3/6/2012 $17.07 PP = $15.25
MB = $16.01
Most Recent Note - 3/6/2012 1:12:04 PM
Y - Reported earnings +56% on +28% sales revenues for the quarter ended January 31, 2012 versus the year ago period. The 3 latest quarterly comparisons showed strong earnings increases (C criteria) and its annual earnings growth (A criteria) has been strong after FY '09. Gapped up and hit new 52-week and multi-year highs today with heavy volume behind its gain after the previously noted advanced "3-weeks tight" base pattern. Color code is changed to yellow with pivot point based on its 2/17/12 high plus 10 cents. No resistance remains due to overhead supply.

There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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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
$531.25 -1.91
-0.36%
$533.69 $548.21 -3.09% 16,165,749
103.91%
15,557,800
Most Recent Note for AAPL - 3/6/2012 11:51:08 AM
Following 7 consecutive gains it is pulling back from its all-time high. It could go on to produce more climactic gains, however, this well-known tech leader is very extended from any sound base pattern, making it a risky candidate. Prior notes acknowledged the considerable rally since the previously noted "breakaway gap" on 1/25/12 from an advanced "3-weeks tight" base pattern. Members may use the "View All Notes" link to review the prior notes and any detailed analysis with annotated graphs previously published for any stock.
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ABCO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Advisory Board Company
$81.28 -1.03
-1.25%
$82.50 $82.97 -2.04% 137,121
120.81%
113,500
Most Recent Note for ABCO - 3/6/2012 11:53:21 AM
Encountering mild distributional pressure following volume-driven gains to new 52-week highs last week. When rallying back above its 50 DMA line it was noted in the 2/14/12 mid-day report - "Earnings and sales growth improved in the Sep and Dec '11 quarters but its prior earnings history has been below the guidelines of the fact-based investment system."
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AKRX - NASDAQ - DRUGS - Drug Manufacturers - Other
Akorn Inc
$11.86 -0.73
-5.76%
$12.50 $13.09 -9.43% 1,432,559
105.53%
1,357,500
Most Recent Note for AKRX - 3/6/2012 11:56:33 AM
Undercut its 50 DMA line earlier, then rebounded above that short-term average. Reported earnings -78% on +77% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Noted in prior mid-day reports -"Recent quarterly comparisons show strong sales revenues and earnings increases, however it does not have a strong annual earnings history (A criteria not satisfied) matching the models of past great winners identified using the fact-based investment system."
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ASGN - NYSE - Comml Svcs-Staffing
ASGN Incorporated
$13.61 -0.34
-2.44%
$13.83 $14.50 -6.14% 193,552
91.99%
210,400
Most Recent Note for ASGN - 3/6/2012 11:57:17 AM
Still holding its ground in a tight range since its 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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BDE - NASDAQ - ENERGY - Oil &; Gas Drilling &; Explorati
Black Diamond Inc
$8.69 -0.24
-2.69%
$8.89 $9.34 -6.96% 134,405
123.08%
109,200
Most Recent Note for BDE - 3/6/2012 12:00:44 PM
Reported earnings -23% on +6% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Completed a new Public Offering on 2/16/12. It survived but failed to impress since dropped from the Featured Stocks list on 5/01/08.
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CBI - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Chicago Bridge & Iron Co
$43.00 -2.25
-4.96%
$44.63 $47.74 -9.94% 870,320
103.58%
840,200
Most Recent Note for CBI - 3/6/2012 12:03:28 PM
Slumped to its 50 DMA line today, encountering distributional pressure. Last noted in the 2/27/12 mid-day report when hitting another new 52-week high - "Fundamentals remain a concern. Sales revenues and earnings history are below the investment system's guidelines."
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CHSP - NYSE - Finance-Property REIT
Chesapeake Lodging Tr
$17.69 -0.30
-1.67%
$17.90 $18.18 -2.70% 733,143
580.48%
126,300
Most Recent Note for CHSP - 3/6/2012 12:05:04 PM
Enduring distributional pressure today. The 3/05/12 mid-day report noted - "Limited history is a concern although recent quarterly comparisons have shown strong sales revenues and earnings increases versus the year ago periods. This REIT has rebounded near its prior highs in the $19-20 area after a deep slump well below its 200 DMA line."
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
$46.12 +0.55
1.21%
$47.42 $47.42 -2.74% 2,501,271
154.41%
1,619,900
Most Recent Note for DKS - 3/6/2012 12:07:59 PM
Hit another new 52-week and all-time high today with its 4th consecutive volume-driven gain while on track for its 9th consecutive weekly gain. Reported earnings +16% on +6% sales revenues for the quarter ended January 31, 2012 versus the year ago period. It slumped below its 50 and 200 DMA lines then rebounded since noted in the 11/28/11 mid-day report - "It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and sales revenues increases have not been especially strong."
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FL - NYSE - RETAIL - Apparel Stores
Foot Locker Inc
$29.51 +0.10
0.34%
$29.53 $30.06 -1.83% 1,464,512
76.44%
1,915,900
Most Recent Note for FL - 3/6/2012 12:15:17 PM
Still perched near its 52-week high today. Held its ground stubbornly as it gradually advanced into new high territory since noted in the 12/22/11 mid-day report after it found support near its 50 DMA line - "Quarterly results showed strong earnings increases but sales revenues growth has been sub par and its annual earnings (A criteria) history is not a good match with the investment system's guidelines."
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JAH - NYSE - CONSUMER NON-DURABLES - Rubber & Plastics
Jarden Corp
$37.13 +1.37
3.83%
$37.35 $37.50 -0.99% 1,460,688
192.86%
757,400
Most Recent Note for JAH - 3/6/2012 12:19:07 PM
Gapped up today challenging its 52-week and multi-year highs. Fundamentals are below the fact-based investment system's guidelines. It survived but failed to impress since last noted in the 5/15/07 mid-day report.

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JAZZ - NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
$49.22 -2.11
-4.11%
$49.68 $53.10 -7.31% 1,397,132
146.71%
952,300
Most Recent Note for JAZZ - 3/6/2012 12:21:59 PM
Small gap down today, encountering distributional pressure after inching to new all-time highs last week. Its 97 Relative Strength rank is well above the 80+ guideline for buy candidates, however its Relative Strength line had been plotted higher in September '11. Its 50 DMA line defines support to watch. Prior mid-day reports noted - "Poor technical action prompted it to be dropped from the Featured Stocks list on 10/03/11, and it subsequently found support near its 200 DMA line during its deep consolidation. Its annual earnings (A criteria) history is limited, however quarterly comparisons have shown strong sales revenues and earnings (good C criteria) increases and its FY '10 earnings followed losses in prior years."
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OILT - NYSE - ENERGY - Oil & Gas Pipelines
Oiltanking Partners Lp
$30.18 -1.48
-4.67%
$31.31 $32.93 -8.35% 45,878
123.33%
37,200
Most Recent Note for OILT - 3/6/2012 12:24:33 PM
Today's 5th consecutive loss has it testing its 50 DMA line. Quarterly earnings and sales revenues have not shown strong and steady increases.
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OKS - NYSE - ENERGY - Oil &; Gas Pipelines
Oneok Partners Lp
$57.30 -0.85
-1.46%
$57.80 $61.58 -6.95% 367,972
82.56%
445,700
Most Recent Note for OKS - 3/6/2012 12:25:47 PM
Down again today, slumping to its 50 DMA line. Gapped down for a loss with heavy volume on 2/28/12 after announcing a proposed Public Offering while perched at its 52-week high. It had been stubbornly holding its ground following recent volume-driven gains. Recent quarterly comparisons show impressive sales revenues and earnings acceleration, however prior mid-day reports noted- "This MLP's earnings history has been below the guidelines of the fact-based system."
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OSIS - NASDAQ - Aerospace/Defense
O S I Systems Inc
$59.32 -0.51
-0.85%
$59.40 $60.33 -1.67% 93,431
83.87%
111,400
Most Recent Note for OSIS - 3/6/2012 12:28:00 PM
Still stubbornly holding its ground. Its considerable volume-driven gain for a new 52-week high technically cleared a "square box" base when noted in the 2/27/12 mid-day report - "Found support and remained above its 50 DMA line last week after it was dropped from the Featured Stocks list. Earnings increase below the +25% minimum earnings guideline in the Dec '11 quarter was noted as a fundamental concern. The most ideal buy candidates have not shown flaws in their latest earnings results."
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PAA - NYSE - ENERGY - Oil & Gas Pipelines
Plains All Amer Pipe
$79.37 -2.99
-3.63%
$79.65 $84.48 -6.05% 2,824,566
539.04%
524,000
Most Recent Note for PAA - 3/6/2012 12:32:18 PM
This Master Limited Partnership (MLP) gapped down today after proposing a new Public Offering. Last week it wedged to new 52-week highs without great volume conviction. Recent quarterly comparisons show sales revenues and earnings acceleration above the +25% guideline, but annual earnings (A criteria) growth history has not been strong and steady.
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles
Polaris Industries Inc
$63.37 -2.14
-3.27%
$65.18 $70.31 -9.87% 578,109
76.22%
758,500
Most Recent Note for PII - 3/6/2012 12:33:54 PM
Slumping near its 50 DMA line today while on track for a 3rd consecutive loss with above average volume. Reported earnings +15% on +26% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Found support near its 200 DMA line again during its consolidation since noted in the 10/31/11 mid-day report - "Reported earnings +38% on +26% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Sales and earnings increases improved in recent quarterly comparisons (good C criteria), but its annual earnings (A criteria) history has been up and down and below the guidelines of the fact-based system."
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PKT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Procera Networks Inc
$19.02 -0.98
-4.90%
$19.77 $20.90 -9.00% 172,997
76.45%
226,300
Most Recent Note for PKT - 3/6/2012 12:38:18 PM
Churning above average volume without making meaningful price progress, a sign it is encountering distributional pressure since hitting a new 52-week high on 2/22/12 when the mid-day report noted - "Prior highs in the $18 area define support above its 50 DMA line. Reported earnings +200% on +108% sales revenues for the quarter ended December 31, 2011 versus the year ago period. It slumped under its 50 DMA line then rebounded to new highs since last noted in the 12/14/11 mid-day report - 'Following several years of operating losses (bad A criteria) it has shown strong sales revenues increases and produced solid earnings versus year-ago losses for the quarterly comparisons in Mar, Jun, and Sep '11.'"
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QLTY - NASDAQ - TRANSPORTATION - Trucking
Quality Distribution Inc
$12.84 -0.84
-6.14%
$13.13 $14.00 -8.29% 104,341
90.65%
115,100
Most Recent Note for QLTY - 3/6/2012 12:43:49 PM
Gapped down today. Encountering distributional pressure after recently reaching a new 52-week high. Earnings increases have been strong in recent quarterly comparisons while sales revenues have been in the +7-10% range. Rebounded from a deep slump below its 200 DMA line in the interim since last noted in the 8/15/11 mid-day report - "No overhead supply remains to act as resistance. Completed an additional Public Offering on 2/03/11. It may be an interesting turn-around story, and recent quarters earnings increases were strong, however sales revenues increases in the +10-12% range have been below the fact-based investment system's guidelines."
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RL - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Ralph Lauren Corp Cl A
$170.50 -6.25
-3.54%
$174.39 $178.47 -4.47% 732,133
78.82%
928,900
Most Recent Note for RL - 3/6/2012 12:46:14 PM
Gapped down today, slumping near 4-week lows with a loss on above average volume. It held its ground stubbornly since its considerable "breakaway gap" for new 52-week and all-time highs when the 2/08/12 mid-day report noted - "Reported earnings +3% on +17% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior quarterly comparisons were not consistently strong and above the +25% guidelines, however it has maintained a good annual earnings (A criteria) history."
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TRGP - NYSE - ENERGY - Oil & Gas Refining & Marketing
Targa Resources Corp
$44.27 -0.51
-1.14%
$44.46 $48.28 -8.31% 163,600
81.72%
200,200
Most Recent Note for TRGP - 3/6/2012 1:14:30 PM
Recently enduring distributional pressure, pulling back from its new 52-week high hit last week. Prior mid-day reports noted - "It found support above its 50 and 200 DMA lines when recently consolidating. The June and September quarters showed improving sales revenues and earnings increases but its prior earnings history is not a match with the investment system's guidelines."
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