Mid-Day Breakouts Report - Thursday, May 24th, 2012

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 24TH, 2012
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DOW 12450.55 -45.56 (-0.36%) | NASDAQ 2834.74 -15.07 (-0.53%) | S&P 500 1313.99 -4.87 (-0.37%)

Time of Screening : 5/24/2012 11:50:24 AM Report Released : 5/24/2012 12:40:39 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
ALXN - NASDAQ Alexion Pharmaceuticals	$92.61	+2.04 2.25%	$92.61	1,130,785 81.25% of 50 DAV 50 DAV is 1,391,800	$95.01 -2.53%	5/1/2012	$91.73	PP = $95.11 MB = $99.87
Most Recent Note - 5/24/2012 11:57:56 AM Y - Consolidating above its 50 DMA line today, and its color code is changed to yellow while no new pivot point is cited. Faces resistance in the $94-95 area, yet its technical stance and outlook improved with a gap up on news that Alexion will replace Motorola Mobility Holdings Inc in the S&P 500 Index at Thursday's close. Recent lows define near-term chart support well above its 200 DMA line. The M criteria remains an overriding concern until a follow-through day from at least one of the major averages confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2012. Click here.
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ARBA -	$44.97	-0.03 -0.07%	$45.00	2,002,962 116.98% of 50 DAV 50 DAV is 1,712,200	$45.48 -1.12%	4/27/2012	$38.53	PP = $37.24 MB = $39.10
Most Recent Note - 5/24/2012 11:58:22 AM G - Holding its ground today following a considerable gain on 5/22/12 with heavy volume on news it will be bought by SAP in a $4.3 billion deal. The stock quickly got extended from its prior base after a quiet consolidation above chart support at its 50 DMA line and prior highs. >>> The latest Featured Stock Update with an annotated graph appeared on 4/30/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARSD - NYSE - Oil&Gas-Refining/Mktg Arabian American Devlpmt	$10.13	+0.00 0.00%	$10.45	$10.95	-7.49%	114,488 127.63%	89,700
Most Recent Note for ARSD - 5/24/2012 12:05:31 PM The 3 latest quarterly comparisons (Sep and Dec '11, and Mar '12) showed big sales revenues and earnings increases over the year-ago periods, now satisfying the C criteria. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Rebounded from below its 50 DMA line after enduring distributional pressure since last noted in the 4/17/12 mid-day report - "The prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines."
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BTN - AMEX - CONSUMER DURABLES - Photographic Equipment & Suppl Ballantyne Strong Inc	$6.26	-0.09 -1.37%	$6.29	$6.48	-3.35%	149,483 126.36%	118,300
Most Recent Note for BTN - 5/24/2012 12:09:07 PM Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Quarterly and annual earnings history has been erratic and not a match with the fact-based investment system's guidelines. Consensus estimates are calling for its FY '12 earnings to drop -15%, adding another fundamental concern.
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CBRL - NASDAQ - LEISURE - Restaurants Cracker Barrl Old Cnt St	$59.50	+1.23 2.11%	$59.98	$61.89	-3.86%	168,997 80.94%	208,800
Most Recent Note for CBRL - 5/24/2012 12:12:02 PM Tallying a 2nd consecutive gain today with above average volume, rallying unhindered by overhead supply. Hit a new 52-week high on 5/22/12 but closed with a loss after a "negative reversal". Reported earnings +48% on +4% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Prior quarterly comparisons were sub par with respect to the C criteria. Made steady progress and found support near its 50 DMA line in recent months, and no overhead supply remains to act as resistance. It survived but failed to impress since last noted in the 11/22/10 mid-day report - "Rallying above a multi-month downward trendline after finding support at its 200 DMA line in August. Earnings and sales revenues growth has been sluggish in recent quarterly comparisons and it has a slow but steady annual earnings (A criteria) history."
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$39.68	+0.01 0.03%	$40.66	$41.96	-5.43%	9,346,002 76.13%	12,277,000
Most Recent Note for EBAY - 5/24/2012 12:14:03 PM Found support at its 50 DMA line again and stayed above prior highs in the $38 area while consolidating following a considerable gap up and volume-driven gain on 4/19/12 for new 52-week and multi-year highs. The 4/23/12 mid-day report noted - "No resistance remains due to overhead supply, however sub par fundamentals remain a concern. Earnings increases have been below the fact-based system's +25% minimum guideline in the past 8 quarterly comparisons versus the year ago period through Mar '12. Still growing since FY '09 marked the first downturn in its strong annual earnings history (the A criteria)."
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EFC - NYSE - BANKING - Savings & Loans Ellington Financial	$21.30	+0.02 0.08%	$21.30	$22.31	-4.55%	17,272 69.09%	25,000
Most Recent Note for EFC - 5/24/2012 12:14:26 PM Still holding its ground in a tight range since the 5/15/12 mid-day report noted - "Reported earnings +3%* on -1% sales revenues for the quarter ended March 31, 2012 versus the year ago period following stronger increases in prior comparisons."*
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IHS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services I H S Inc Cl A	$102.74	+0.94 0.92%	$103.25	$103.25	-0.49%	221,254 66.46%	332,900
Most Recent Note for IHS - 5/24/2012 12:16:06 PM Inched to new 52-week highs with today's 4th consecutive gain. Last noted in the 5/14/12 mid-day report - "Quarterly earnings increases have been less the +25%* minimum guideline while sales revenues increases have been improving. It has maintained a great annual earnings (A criteria) track record."*
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$140.17	-1.30 -0.92%	$140.52	$152.31	-7.97%	470,521 125.91%	373,700
Most Recent Note for NVO - 5/24/2012 12:17:54 PM Churned heavy volume while its 50 DMA line acted as a resistance level in the past week. Perched -8.1% off its all-time high. Its 3 latest quarterly comparisons through Mar '12 had earnings increases below the +25% guideline (not meeting the C criteria). It went through a deep consolidation below its 200 DMA line then rebounded since noted in the 7/28/11 mid-day report. - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 204 in Mar '11, a reassuring sign concerning the I criteria."
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PATK - NASDAQ - Bldg-Mobile/Mfg & RV Patrick Industries Inc	$13.91	+0.56 4.19%	$14.00	$14.47	-3.87%	116,196 65.54%	177,300
Most Recent Note for PATK - 5/24/2012 12:20:15 PM Perched near its 52-week high today after finding support above its 50 DMA line during the recent consolidation. Recently 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 in April 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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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$63.74	+0.82 1.30%	$64.38	$64.38	-0.99%	1,260,958 119.71%	1,053,300
Most Recent Note for PETM - 5/24/2012 12:21:47 PM Up again today, adding to its considerable gap up gain with heavy volume for a new 52-week high on the prior session, blasting from below its 50 DMA line after damaging distributional losses. Reported earnings +39% on +9% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Current earnings per share have been up +25% or more in 3 of the past 4 comparisons, which is good concerning the C criteria. However, quarterly sales revenues increases in the +6-9% are below the robust growth guidelines of the investment system, while sales should be up +18-25% or more or showing great acceleration over prior quarters.
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$22.70	+0.10 0.44%	$22.89	$24.06	-5.65%	1,161,899 62.44%	1,860,900
Most Recent Note for PWR - 5/24/2012 12:25:19 PM Consolidating above its 50 DMA line and only -5.4% off its 52-week high. Quarterly and annual earnings history (C and A criteria) are not a match with the fact-based system's guidelines.
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SAIA - NASDAQ - TRANSPORTATION - Trucking Saia Inc	$21.60	+0.73 3.50%	$21.83	$21.83	-1.05%	111,086 61.71%	180,000
Most Recent Note for SAIA - 5/24/2012 12:27:54 PM Hitting another new 52-week high with today's 4th consecutive gain, and no resistance remains due to overhead supply. Held its ground stubbornly after a recent streak of gains backed by above average volume. Prior mid-day reports repeatedly noted - "Recent quarterly comparisons showed strong earnings increases satisfying the C criteria. Its annual earnings (A criteria) history has been erratic and not a match with the fact-based investment system's guidelines."
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$124.53	+0.23 0.19%	$124.98	$125.20	-0.54%	757,603 59.33%	1,276,900
Most Recent Note for SHW - 5/24/2012 12:30:30 PM Perched near its 52-week high today after 4 consecutive gains. During its recent consolidation it found support above its 50 DMA line following a streak of 6 consecutive losses since a "negative reversal" at its 52-week high. The 5/08/12 mid-day report and subsequent reports repeatedly noted - "Quarterly and annual earnings (C and A criteria) increases have not been strong and steady enough to meet the guidelines."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$37.54	+0.58 1.56%	$37.75	$39.31	-4.52%	230,858 66.99%	344,600
Most Recent Note for TCBI - 5/24/2012 12:32:46 PM Consolidating -4.6% off its 52-week high today and above its 50 DMA line. Reported earnings +126% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Last noted in the 5/11/12 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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TRIB - NASDAQ - DRUGS - Diagnostic Substances Trinity Biotech Plc Adr	$11.18	+0.03 0.27%	$11.24	$11.75	-4.85%	30,337 65.38%	46,400
Most Recent Note for TRIB - 5/24/2012 12:34:06 PM Still consolidating above prior highs and its 50 DMA line in the $11 area that define chart support. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Repeatedly noted in prior mid-day reports - "Annual earnings (A criteria) showed steady increases since a downturn in FY '08. This Ireland-based firm hailing from the Medical - Products industry group is not a match with the winning models from the book, 'How To Make Money In Stocks'. The past 8 quarterly earnings comparisons through Mar '12 were below the +25% minimum guideline of the fact-based investment system."
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TTC - NYSE - MANUFACTURING - Small Tools & Accessories Toro Co	$72.38	+4.27 6.27%	$72.47	$73.98	-2.16%	181,220 100.79%	179,800
Most Recent Note for TTC - 5/24/2012 12:37:52 PM Considerable gain today with above average volume, rallying from below its 50 DMA line to new 52-week and all-time highs. It faces no resistance due to overhead supply. Reported earnings +20% on +9% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Last noted in the 4/17/12 mid-day report - "Quarterly and annual earnings history is below the fact-based system's guidelines."
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$56.00	+0.64 1.15%	$56.74	$59.71	-6.22%	3,694,483 57.96%	6,374,000
Most Recent Note for UNH - 5/24/2012 12:40:17 PM Consolidating below its 50 DMA line which may now act as resistance. Reported earnings +7% on +7% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Earnings history is not a match with the fact-based system's guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 3/13/06.
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THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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