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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 26TH, 2012
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DOW 13149.9 59.18 (0.45%) | NASDAQ 3039.83 10.2 (0.34%) | S&P 500 1393.17 2.48 (0.18%)
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Time of Screening :
4/26/2012 11:44:59 AM Report Released :
4/26/2012 1:26:02 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
CELG
- NASDAQ
Celgene Corp
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$74.32
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-3.59
-4.61%
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$75.98
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3,992,224
148.50% of 50 DAV
50 DAV is 2,688,400
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$80.42
-7.59%
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2/2/2012 |
$74.16
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PP = $75.21
MB = $78.97 |
Most Recent Note - 4/26/2012 12:09:02 PM
G - Reported earnings +30% on +13% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Volume and volatility often increase near earnings news. It gapped down today, violating its 50 DMA line and triggering a technical sell signal. Only a prompt rebound above its 50 DMA line would help its outlook improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/26/2012. Click here.
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SWI
- NYSE
Solarwinds Inc
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$45.15
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+7.33
19.39%
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$46.38
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2,332,573
228.44% of 50 DAV
50 DAV is 1,021,100
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$46.38
-2.65%
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4/26/2012 |
$45.15
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PP = $42.32
MB = $44.44 |
Most Recent Note - 4/26/2012 1:19:45 PM
Y - Reported earnings +43% on +39% sales revenues for the quarter ended March 31, 2012 versus the year ago period. It held its ground stubbornly after violating its 50 DMA line when a damaging loss with above average volume triggered technical sell signals on 4/10/12 and it was dropped from the Featured Stocks list. Earnings below the +25% guideline for the Dec '11 quarter (+21%) had also raised fundamental concerns at that time, however the stock's resilience and impressive acceleration means that 3 of the past 4 quarterly comparisons are now above the minimum guideline concerning the C criteria. Its annual earnings (A criteria) history has been strong. Color code is changed to yellow with pivot point based on its 3/26/12 high plus 10 cents after a short flat base or "square box" base pattern. The volume-driven gain to new highs triggered a new buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2012. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AAP
- NYSE - RETAIL - Auto Parts Stores
Advance Auto Parts Inc
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$88.96 |
-0.68
-0.76%
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$92.60
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$92.60
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-3.93% |
1,026,954
100.55%
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1,021,300
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Most Recent Note for AAP - 4/26/2012 11:54:37 AM
Touched new 52-week and all-time highs today then reversed into the red after trying to rally from an orderly flat base above its 50 DMA line. Quarterly and annual earnings history has been strong and satisfies the C criteria, but lackluster sales revenues growth is a flaw. Reported earnings +58% on +5% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Last noted in the 2/21/12 mid-day report - "Recent quarterly comparisons showed strong earnings, however sub par sales revenues growth has been a concern while increases have been in the +7-11% range. Autozone Inc (AZO) and similar players (MNRO & ORLY) in the auto-repair arena have been noted in recent months while consumers have been fixing their old cars instead of buying new cars they cannot afford."
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AZO
- NYSE - RETAIL - Auto Parts Stores
Autozone Inc
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$385.20 |
+2.37
0.62%
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$395.12
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$395.12
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-2.51% |
440,413
112.12%
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392,800
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Most Recent Note for AZO - 4/26/2012 11:57:20 AM
Hit a new 52-week high today, trying to rally from an orderly flat base formed above its 50 DMA while staying in a tight trading range since early March. Last noted in the 4/10/12 mid-day report - "Reported earnings +24% on +9% sales revenues for the quarter ended January 31, 2012 versus the year ago period. It has shown strong annual earnings (A criteria) growth while its quarterly increases have been borderline with the minimum +25% guideline for the C criteria. It is already heavily owned by mutual funds. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership."
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CAB
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Cabelas Inc
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$37.07 |
-3.73
-9.14%
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$41.61
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$41.61
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-10.91% |
1,227,776
151.43%
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810,800
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Most Recent Note for CAB - 4/26/2012 12:05:57 PM
Reversed into the red and tested its 50 DMA line after starting the session with a gap up following a volume-driven gain to a new 52-week high on the prior session. Reported earnings +60% on +6% sales revenues for the quarter ended March 31, 2012 versus the year ago period. This Retail - Leisure Products firm has earned high ranks, and its annual earnings (A criteria) growth has improved since a slight downturn in FY '08. Quarterly sales revenues have shown sub par increases in the +5-7% range while earnings in the 3 most recent comparisons were near or above the +25% minimum guideline.
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CRUS
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Cirrus Logic Inc
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$25.73 |
+2.64
11.43%
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$26.73
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$26.73
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-3.74% |
7,601,966
362.48%
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2,097,200
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Most Recent Note for CRUS - 4/26/2012 12:15:04 PM
Considerable gap up today for new 52-week and multi-year highs. Reported earnings +64% on +21% sales revenues for the quarter ended March 31, 2012 versus the year ago period. It gapped up on the prior session while rebounding from below its 50 DMA line. That short-term average was recently violated when last noted suffering a 2nd consecutive loss on above average volume in the 4/20/12 mid-day report - "It survived but failed to impress since last noted on 3/18/11 when dropped from the Featured Stocks list."
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EQIX
- NASDAQ - Finance-Property REIT
Equinix Inc
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$164.24 |
+14.77
9.88%
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$170.87
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$170.87
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-3.88% |
2,812,805
243.45%
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1,155,400
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Most Recent Note for EQIX - 4/26/2012 12:21:07 PM
Gapped up for a new 52-week high today. Found support above its 50 DMA line when recently pulling back after a considerable spurt of volume-driven gains. Its brief consolidation since last noted on 4/04/12 was not a sound base pattern of sufficient length. Reported earnings +34% on +25% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Ownership by top-rated funds (I criteria) has generally been on the rise, however prior mid-day reports noted - "Earnings history has been erratic. There are fundamental concerns due to pre-tax, non-recurring items included in the past 8 quarterly reports. This is indicated by blue triangles in the earnings per share box on the chart service used by CANSLIM.net experts."
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HSY
- NYSE - FOOD & BEVERAGE - Confectioners
Hershey Company
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$66.67 |
+0.07
0.11%
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$66.70
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$67.00
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-0.49% |
1,278,693
96.29%
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1,328,000
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Most Recent Note for HSY - 4/26/2012 12:25:07 PM
Reported earnings +32% on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior quarterly comparisons showed sub par sales and earnings increases below the C criteria guidelines. Its annual earnings (A criteria) history has also been unimpressive.
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HXL
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Hexcel Corp
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$27.73 |
+0.10
0.36%
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$28.00
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$28.01
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-1.00% |
822,119
89.29%
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920,700
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Most Recent Note for HXL - 4/26/2012 12:27:32 PM
Holding its ground today following 2 small gap ups and volume-driven gains for new 52-week and all-time highs. The Aerospace/Defense firm reported earnings +56% on +21% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The 4/13/12 mid-day report noted - "Perched within close striking distance of its August 2007 all-time high with little overhead supply remaining to act as resistance. Reported earnings +65% on +14% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior mid-day reports noted - 'Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines.'"
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INOD
- NASDAQ - INTERNET - Internet Software & Services
Innodata Inc
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$5.76 |
+0.06
1.05%
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$6.10
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$6.24
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-7.69% |
107,181
212.24%
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50,500
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Most Recent Note for INOD - 4/26/2012 12:30:19 PM
Up today with above average volume, perched within close striking distance of its 52-week high. Encountered stubborn resistance in the $6 area and found support near its 50 DMA line when consolidating since last noted in the 2/15/12 mid-day report - "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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LL
- NYSE - RETAIL - Home Improvement Stores
Lumber Liquidators Hldgs
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$26.67 |
+1.64
6.55%
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$26.70
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$27.00
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-1.22% |
530,389
84.20%
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629,900
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Most Recent Note for LL - 4/26/2012 12:35:37 PM
Gapped up today and hit a new 52-week high. Reported earnings +45% on +18% sales revenues for the quarter ended March 31, 2012 versus the year ago period. As previously noted, the Sep and Dec '11 quarterly comparisons showed improving sales revenues and earnings increases. Now its 3 consecutive strong quarterly earnings increases (above the +25% minimum) satisfy the C criteria. Annual earnings (A criteria) growth stalled after FY '09, raising fundamental concerns based on the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/10 after a "negative reversal" on 4/26/10 marked its all-time high.
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LSTR
- NASDAQ - TRANSPORTATION - Trucking
Landstar System Inc
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$54.54 |
-2.90
-5.04%
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$57.39
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$59.02
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-7.60% |
467,440
144.00%
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324,600
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Most Recent Note for LSTR - 4/26/2012 12:38:46 PM
Violating its 50 DMA line today, encountering more worrisome distributional pressure. Reported earnings +33% on +13% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The 4/25/12 mid-day report noted - "Due to report earnings on Thursday, April 26th, and volume and volatility often increase near earnings news. Last noted in the 3/02/12 mid-day report while pulling back from its 52-week high after a streak of volume-driven gains - 'Quarterly earnings increases above the +25% guideline in at least the past 8 quarterly comparisons through Dec '11 satisfy the C criteria and sales revenues increases have shown recent acceleration from sub par levels. A downturn in FY '09 earnings is a flaw concerning the A criteria. It survived but failed to impress since last noted in the 3/22/06 mid-day report.'"
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MEOH
- NASDAQ - CHEMICALS - Specialty Chemicals
Methanex Corp
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$33.48 |
+1.19
3.69%
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$34.20
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$34.90
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-4.07% |
368,205
103.34%
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356,300
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Most Recent Note for MEOH - 4/26/2012 12:41:58 PM
Considerable gain today, rallying from near its 50 DMA line and again challenging its 52-week high and previously stubborn resistance near $34. Reported earnings +5% on +8% sales revenues for the Mar '12 quarter, below the investment system's guidelines. Last noted in the 4/12/12 mid-day report - "Quarterly comparisons in recent years have shown strong-but-decelerating sales revenues increases, meanwhile earnings increases have been strong enough to satisfy the C criteria. It survived but failed to impress since noted in the 11/01/10 mid-day report - 'Recent quarters show strong sales and earnings increases, but its prior earnings history has been erratic and below guidelines.'"
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ODFL
- NASDAQ - TRANSPORTATION - Trucking
Old Dominion Fght Lines
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$44.70 |
-4.01
-8.23%
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$47.09
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$49.30
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-9.33% |
734,878
205.56%
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357,500
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Most Recent Note for ODFL - 4/26/2012 12:44:33 PM
Gapped down today and violated its 50 DMA line with a damaging loss. Reported earnings +44% on +18% sales revenues for the Mar '12 quarter. Built an orderly base above its 50 DMA line since noted in the 3/19/12 mid-day report - "Perched at its 52-week high today after recently wedging further from any sound base. No resistance remains due to overhead supply. Recent quarterly comparisons show strong sales revenues increases, and earnings increases above the +25% guideline easily satisfy the C criteria. As noted in prior mid-day reports - 'A downward turn in FY '08 and '09 earnings (A criteria) is a fundamental flaw.'"
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ORLY
- NASDAQ - RETAIL - Auto Parts Stores
O Reilly Automotive Inc
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$98.91 |
+2.29
2.37%
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$104.81
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$104.81
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-5.63% |
2,200,901
235.87%
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933,100
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Most Recent Note for ORLY - 4/26/2012 12:52:06 PM
Hitting new 52-week and all-time highs today after a gap up, but it is very extended from any sound base while on track for a 15th weekly gain in the span of 16 weeks. Reported earnings +37% on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly earnings increases showed encouraging acceleration above the +25% guideline in the 3 latest quarterly comparisons, now satisfying the C criteria. Sales revenues have been in the +5-13% range in the past 8 quarterly comparisons versus the year ago periods. Several auto-parts firms are showing concurrent leadership and are noted in the mid-day report today, and encouraging sign of group leadership (L criteria). This has been a common theme whenever economic conditions pressure more consumers into repairing their clunkers rather than buying new cars they cannot afford. Its annual earnings (A criteria) history has been improving since a slight downturn in FY '08.
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PATK
- NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
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$12.10 |
+3.16
35.35%
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$12.85
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$13.30
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-9.02% |
537,993
499.99%
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107,600
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Most Recent Note for PATK - 4/26/2012 12:56:46 PM
Considerable gap up and volume-driven gain today nearly challenged its 52-week high. Reported earnings of 63 cents per share in the quarter ended March 31, 2012 versus a penny in the year ago period. Held its ground at its 50 DMA line during its choppy consolidation after an impressive spurt of volume-driven gains. Prior mid-day reports noted - "Fundamentally it is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration as buy candidates unless all key criteria are solidly satisfied."
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PHM
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
Pulte Group Inc
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$9.15 |
+0.45
5.17%
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$9.35
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$9.69
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-5.57% |
10,803,707
90.40%
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11,951,300
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Most Recent Note for PHM - 4/26/2012 12:59:11 PM
Up today, rebounding back above its 50 DMA line, helping its technical stance improve. It had slumped below its short-term average during its consolidation since last noted in the 3/23/12 mid-day report and prior reports - "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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RYAAY
- NASDAQ - TRANSPORTATION - Regional Airlines
Ryanair Hldgs Plc Adr
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$33.49 |
+0.39
1.18%
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$33.51
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$37.12
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-9.78% |
287,795
107.43%
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267,900
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Most Recent Note for RYAAY - 4/26/2012 1:01:24 PM
Sputtering below its 50 DMA line in recent weeks and -9.2% off its 52-week high today. Prior mid-day reports noted - "Quarterly earnings increases in recent comparisons through Dec '11 showed improvement over the year ago period(s) the growth. A downturn in FY '09 is a flaw in its annual earnings (A criteria) history."
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STMP
- NASDAQ - Retail-Internet
Stamps.com Inc
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$30.37 |
+2.07
7.31%
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$32.49
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$33.73
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-9.96% |
796,838
223.08%
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357,200
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Most Recent Note for STMP - 4/26/2012 1:07:40 PM
Gapped up today yet it is off the session highs after reporting earnings +42% on +24% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The Dec '11 comparison showed earnings growth below the +25% minimum guideline and it was dropped from the Featured Stocks list on 2/14/12 based on the fundamental and technical concerns noted. It found support above its 200 DMA line after subsequently violating its 50 DMA line, and it has recently been working on a rebound.
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TCBI
- NASDAQ - BANKING - Regional - Southwest Banks
Texas Capital Bancshares
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$36.78 |
+2.00
5.74%
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$37.76
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$37.76
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-2.61% |
355,885
111.42%
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319,400
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Most Recent Note for TCBI - 4/26/2012 1:21:17 PM
Solid volume-driven gain today for a new 52-week high. Reported earnings +126% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Last noted in the 2/10/12 mid-day report - "Recent quarters showed strong earnings increases versus the year earlier that satisfy the C criteria. Its annual earnings (A criteria) history included a downturn in FY '08 & '09 that raised fundamental concerns with respect to the guidelines of the fact-based investment system."
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TWC
- NYSE - MEDIA - CATV Systems
Time Warner Cable Inc
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$79.73 |
-2.43
-2.95%
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$83.64
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$83.64
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-4.68% |
1,828,294
114.98%
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1,590,100
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Most Recent Note for TWC - 4/26/2012 1:24:14 PM
Reported earnings +29% on +6% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Sales revenues growth has been sub par an in the +4-6% range while its quarterly and annual earnings history has not been a match with the fact-based investment system's guidelines. Pulling back today with above average volume and testing support at its 50 DMA line again.
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TYL
- NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Tyler Technologies Inc
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$41.04 |
+0.23
0.56%
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$41.61
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$41.61
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-1.37% |
114,138
82.71%
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138,000
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Most Recent Note for TYL - 4/26/2012 1:25:48 PM
Inching to new 52-week highs this week after consolidating above its 50 DMA line. Reported earnings +0% on +13% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Last noted in the 3/21/12 mid day report - "It survived but failed to impress, and fundamentals today are below guidelines. The Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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THESE ARE NOT BUY RECOMMENDATIONS!
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