Mid-Day Breakouts Report - Wednesday, January 18th, 2012

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 18TH, 2012
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DOW 12562.22 80.15 (0.64%) | NASDAQ 2759.86 31.78 (1.16%) | S&P 500 1304.48 10.81 (0.84%)

Time of Screening : 1/18/2012 12:14:01 PM Report Released : 1/18/2012 1:30:15 PM
Price is: Above 52W High and Less Than 52W High but within 7% of the 52 Week High
Volume Is: At least 57.5% 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
OSIS - NASDAQ O S I Systems Inc	$53.28	+2.78 5.50%	$53.77	60,414 62.54% of 50 DAV 50 DAV is 96,600	$53.95 -1.24%	11/1/2011	$42.07	PP = $45.57 MB = $47.85
Most Recent Note - 1/18/2012 1:13:43 PM G - Gapped up today, rallying for a considerable gain and new all-time highs, getting more extended from its prior base. Reported news of a six-year agreement for $400 million to provide turnkey screening services to Mexico's tax collection authority. Due to report earnings before the open on Tuesday, January 24th. Its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AME - NYSE - MANUFACTURING - Industrial Electrical Equipmen Ametek Inc	$45.23	-0.27 -0.59%	$45.58	$47.00	-3.77%	360,939 60.79%	593,700
Most Recent Note for AME - 1/18/2012 12:19:39 PM Encountering some distributional pressure this week after a spurt of gains helped it rally to again challenge its 52-week high. Slumped way below its 200 DMA line during its deep consolidation since last noted in the 7/26/11 mid-day report - "The 3 most recent quarterly earnings increases were above the +25% guideline, but prior comparisons versus the year ago periods were negative. Based on weak technical action it was dropped from the Featured Stocks list on 9/04/08, then subsequently slumped from $44 to $24 before rebounding. Downturn in FY '09 earnings (A criteria) makes it fall below guidelines."
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BAP - NYSE - BANKING - Foreign Regional Banks Credicorp Ltd	$112.30	+1.75 1.58%	$112.39	$113.99	-1.48%	213,795 95.32%	224,300
Most Recent Note for BAP - 1/18/2012 12:22:26 PM Fundamentals remain a concern today. Last noted in the 10/22/10 mid-day report - "This Peru-based Bank has a good annual earnings (the A criteria) history, however recent quarterly sales revenues comparisons have been essentially flat and earnings growth has decelerated to below the fact-based investment system's guidelines. Based on weak technical action it was removed from the Featured Stocks list on 7/08/08. Noted in several June 2010 mid-day reports that it rebounded impressively from deep lows in the $30 area."
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CBM - NYSE - CHEMICALS - Specialty Chemicals Cambrex Corp	$7.99	+0.25 3.23%	$8.12	$8.12	-1.60%	332,121 111.79%	297,100
Most Recent Note for CBM - 1/18/2012 12:24:33 PM Gain today has it hitting yet another new 52-week high with above average volume. This low-priced Medical - Products firm steadily worked its way higher with above average volume behind its small gains while repeatedly noted in prior mid-day reports- "Sales revenues increases showed modest acceleration in recent quarterly comparisons while earnings improved. Annual earnings (A criteria) history has not been strong and steady. Low-priced stocks are discouraged from consideration as buy candidates under the fact-based system unless all key criteria are solidly satisfied."
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CKSW - NASDAQ - INTERNET - Internet Software & Services Clicksoftware Technologs	$10.31	+0.14 1.38%	$10.33	$10.94	-5.76%	62,108 70.34%	88,300
Most Recent Note for CKSW - 1/18/2012 12:27:21 PM Perched within close striking distance of its 52 week high following previously noted volume-driven gains after finding support near its 50 DMA line. Prior mid-day reports noted - "Earnings rose +89% on +32% sales revenues for the latest quarter ended September 30, 2011 versus the year ago period. Prior quarterly and annual earnings (A criteria) history has been below the investment system's guidelines. Guidelines also suggest avoiding low priced stocks unless all key criteria are solidly satisfied. This Israeli Computer Software - Enterprise firm survived but failed to impress since noted in the 7/23/09 mid-day report."
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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$44.25	-0.24 -0.54%	$44.88	$44.88	-1.40%	288,808 60.50%	477,400
Most Recent Note for CNC - 1/18/2012 12:30:29 PM Rallying into new high territory with a recent spurt of volume-driven gains. Quarterly sales and earning increases have been up and down and its annual earnings history is also a concern, so the C & A criteria are not a match with the fact-based system's guidelines. This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 7/27/05.
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CZNC - NASDAQ - Banks-Northeast Citizens & Northern Corp	$20.00	+0.07 0.35%	$20.00	$20.00	0.00%	24,200 117.48%	20,600
Most Recent Note for CZNC - 1/18/2012 12:33:31 PM Hitting a new 52-week high today with its 6th consecutive gain with ever-increasing volume. Consolidated in a tight range for nearly 4 weeks above prior resistance in the $17 area defining near-term chart support, however prior mid-day reports noted - "Unimpressive annual earnings (A criteria) history and lack of sales revenues growth are fundamental concerns."
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EC - NYSE - ENERGY - Independent Oil & Gas Ecopetrol Sa Adr	$49.83	+0.67 1.36%	$49.99	$49.99	-0.32%	262,689 80.88%	324,800
Most Recent Note for EC - 1/18/2012 12:35:46 PM Found support near prior resistance in the $46 area then rallied to new all-time highs since last noted in the 1/13/12 mid-day report - "The Colombian Oil and Gas - Integrated firm reported a +128% earnings increase for the latest quarter ended September 30, 2011 on +56% sales revenues versus the year earlier period. Prior quarterly comparisons have shown great improvement, however a downturn in FY '09 earnings was previously noted as a flaw in its earnings history (A criteria) since public trading began in September 2008."
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Faro Technologies Inc	$56.01	+2.97 5.60%	$56.49	$56.49	-0.85%	245,513 276.79%	88,700
Most Recent Note for FARO - 1/18/2012 12:37:56 PM Spiking considerably higher for another new 52-week high today, adding to the recent spurt of volume-driven gains. Prior mid-day reports noted - "Reported earnings +171% on +43% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Fundamentals do not meet guidelines of the fact-based investment system, especially after a loss in FY '09. It was noted 10/30/07 -'Questionable annual earnings history (not a strong A).'"
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FAST - NASDAQ - RETAIL - Home Improvement Stores Fastenal Co	$45.21	-1.58 -3.38%	$46.11	$47.59	-5.00%	2,998,365 145.74%	2,057,300
Most Recent Note for FAST - 1/18/2012 12:43:42 PM Gapped down today, reversing from the new 52-week high hit on the prior session and breaking a 4 session winning streak. It is extended from its prior highs in the $37 area after mostly bullish action and a strong +36% earnings increase on +22% sales revenues for the quarter ended December 31, 2011 versus the year ago period, results reported since last noted in the 11/03/11 mid-day report - "Recent quarterly comparisons show sales revenues and earnings increases improving, but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/01/08."
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FUL - NYSE - CHEMICALS - Specialty Chemicals Fuller H B Co	$25.99	+0.53 2.08%	$26.05	$26.05	-0.23%	213,648 60.42%	353,600
Most Recent Note for FUL - 1/18/2012 12:46:44 PM Hitting a new 52-week high with today's 9th consecutive gain. Noted in prior mid-day reports - "Perched within striking distance of its 52-week high. The May and August '11 quarters showed improved sales revenues and earnings increases but the prior quarterly and annual earnings history has been below the fact-based investment system's guidelines."
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$30.05	+0.42 1.42%	$30.06	$30.50	-1.48%	138,467 59.66%	232,100
Most Recent Note for GNRC - 1/18/2012 12:49:04 PM Stubbornly holding its ground and wedging to new 52-week highs without great volume conviction behind gains since last noted in the 1/09/12 mid-day report - "Found support above prior highs and its 50 DMA line when consolidating since rallying above prior resistance in the $21 area. Sales and earnings increases in the Sep '11 quarter improved, but its prior history has been below the fact-based investment system's guidelines."
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$201.50	+1.05 0.52%	$202.18	$202.18	-0.34%	260,593 62.63%	416,100
Most Recent Note for GWW - 1/18/2012 12:52:07 PM Hitting another new 52-week high today with its 10th consecutive gain. Found support near its 50 DMA line and continued higher since noted in the 10/18/11 mid-day report - "Reported earnings +26% on +11% sales revenues for the quarter ended Sept 30, 2011 versus the year ago period. Sales revenues have been in the +11-12% range and it has shown decelerating earnings increases over the past 3 comparisons through Sep '11 versus the year ago period(s). The prior growth history for this Retail/Wholesale Building Products firm included a downturn in FY '09 which raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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HALO - NASDAQ - Medical-Biomed/Biotech Halozyme Therapeutics	$10.47	+0.16 1.55%	$10.65	$10.65	-1.69%	492,126 78.90%	623,700
Most Recent Note for HALO - 1/18/2012 12:54:56 PM Hitting another new 52-week high today, rallying with above average volume behind its gains after an orderly consolidation above prior highs and its 50 DMA line. Insider buying reported in November was previously noted as an encouraging sign. Prior mid-day reports noted - "The June and September '11 quarters showed great sales revenues increases and earnings versus year ago losses. Years of ongoing operating losses make it not a match with the investment system's guidelines."
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INTC - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Intel Corp	$25.41	+0.37 1.46%	$25.45	$25.92	-1.99%	29,197,620 58.57%	49,846,900
Most Recent Note for INTC - 1/18/2012 12:59:18 PM Consolidating after rebounding to new 52-week highs without great volume behind recent gains from below its 50 DMA line. Endured distributional pressure after last noted in the 12/12/11 mid-day report - "Reported earnings +33% on +28% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines."
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$47.77	+1.13 2.42%	$47.99	$49.14	-2.79%	528,742 73.17%	722,600
Most Recent Note for JAZZ - 1/18/2012 1:03:05 PM Overcame early weakness today and managed a positive reversal. Holding its ground near all-time highs following volume-driven gains into new high territory. The 1/12/12 mid-day report noted - "Prior resistance in the $46-47 area may now act as a support level. 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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MR - NYSE - HEALTH SERVICES - Medical Appliances &; Equipment Mindray Medical Intl Ads	$29.54	+0.61 2.11%	$29.56	$31.21	-5.35%	464,295 94.99%	488,800
Most Recent Note for MR - 1/18/2012 1:09:46 PM Rallying higher today after holding its ground above prior chart highs, now trading -4.8% off its 52 week high. Fundamentals remain below the fact-based investment system's guidelines. It was noted on 3/02/10 - "Still below its multi-year highs in the $44-45 area. Earnings and sales increases in recent comparisons have been below guidelines. It has a good annual earnings (A criteria) history. Based on weak technical action it was dropped from the Featured Stocks list on 1/16/08."
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NGLS - NYSE - ENERGY - Oil & Gas Refining & Marketing Targa Resources Prtnrs	$38.65	-0.93 -2.35%	$38.85	$39.84	-2.99%	1,831,304 649.17%	282,100
Most Recent Note for NGLS - 1/18/2012 1:12:06 PM Small gap down today, pulling back from the new 52-week high which it quietly touched on Friday. Found support above prior stubborn resistance in the $36 area that defines chart support along with its 50 DMA line. Reported earnings +121% on +41% above average volume for the quarter ended September 30, 2011 versus the year ago period. Prior mid-day reports noted - "This MLP showed big earnings in the Mar and Jun '11 quarters but its prior earnings history has been erratic and below the fact-based investment system's guidelines."
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OZRK - NASDAQ - BANKING - Regional - Southeast Banks Bank Of The Ozarks Inc	$29.92	-0.25 -0.83%	$30.32	$31.25	-4.26%	188,386 70.56%	267,000
Most Recent Note for OZRK - 1/18/2012 1:15:26 PM Pulling back from its 52-week high, enduring mild distributional pressure. It went through a deep correction below its 50 & 200 DMA lines then rebounded impressively since noted in the 7/13/11 mid-day report - "Annual earnings (A criteria) has been mostly slow and steady. Recent quarterly comparisons showed better than +25%* earnings increases while sales revenues growth was not strong and consistent."*
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SNX - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synnex Corp	$35.42	+0.44 1.26%	$35.73	$36.72	-3.54%	312,802 138.16%	226,400
Most Recent Note for SNX - 1/18/2012 1:21:11 PM Approaching its 52-week high with today's gain adding to a recent spurt of volume-driven gains. Last noted in the 1/12/12 mid-day report - "No resistance remaining due to overhead supply. Reported earnings +32% on +15% sales revenues for the quarter ended November 30, 2011 versus the year ago period. Sales revenues increases have shown sequential deceleration, and the 3 prior quarterly earnings comparisons showed growth just below the minimum +25% investment system guideline."
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TAST - NASDAQ - LEISURE - Restaurants Carrols Restaurant Group	$11.18	+0.09 0.81%	$11.46	$11.89	-5.97%	54,959 103.70%	53,000
Most Recent Note for TAST - 1/18/2012 1:22:36 PM Hovering -5.8% off its 52-week high today, holding 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	$189.80	+0.07 0.04%	$193.00	$199.50	-4.86%	47,340 89.15%	53,100
Most Recent Note for TNH - 1/18/2012 1:24:46 PM It encountered distributional pressure last week, yet volume driven gains this week have it again perched within striking distance of its 52-week high. Reported earnings +179% on +49% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Its high was 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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UNP - NYSE - TRANSPORTATION - Railroads Union Pacific Corp	$110.11	+0.61 0.56%	$111.32	$112.52	-2.14%	1,900,969 74.46%	2,553,100
Most Recent Note for UNP - 1/18/2012 1:27:01 PM Holding its ground near its 52-week high after recently wedging higher without great volume conviction behind its gains. It reported earnings +44% on +17% sales revenues for the quarter ended Dec 31, 2010 versus the year ago period in the interim since the 10/21/10 mid-day report noted - "Recent quarterly comparisons show improving sales and earnings after a streak of 4 consecutive negative comparisons. This Transportation - Rail firm's up and down annual earnings (A criteria) is below the fact-based investment system's guidelines."
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VOXX - NASDAQ - WHOLESALE - Electronics Wholesale Voxx Intl Corp Cl A	$11.96	+0.07 0.59%	$12.25	$12.25	-2.37%	134,904 107.58%	125,400
Most Recent Note for VOXX - 1/18/2012 1:30:02 PM Up yet again today, touching a new 52-week high. Held its ground stubbornly since a considerable gap up gain noted on 1/10/12 for a new 52-week high, rallying unhindered by overhead supply. Reported earnings +105% on +27% sales revenues for the quarter ended November 30, 2011 versus the year ago period. Prior mid-day reports noted - "Recent quarterly comparisons showed sales revenues and earnings increases improving but its prior earnings history has been erratic and not a good match with the fact-based investment system's guidelines."
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