Mid-Day Breakouts Report - Tuesday, May 29th, 2012

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 29TH, 2012
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DOW 12551.29 96.46 (0.77%) | NASDAQ 2849.32 11.79 (0.42%) | S&P 500 1327.63 9.81 (0.74%)

Time of Screening : 5/29/2012 11:44:23 AM Report Released : 5/29/2012 12:18:17 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
NTES - NASDAQ Netease Inc Adr	$60.40	+3.14 5.48%	$60.40	471,571 64.03% of 50 DAV 50 DAV is 736,500	$63.07 -4.23%	3/19/2012	$56.18	PP = $55.10 MB = $57.86
Most Recent Note - 5/29/2012 12:14:51 PM G - Rebounding back above its 50 DMA line today. Recent lows near the $55 area define important chart support to watch where a violation may trigger a worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$25.42	+1.53 6.40%	$25.68	$26.97	-5.75%	663,975 138.07%	480,900
Most Recent Note for ALLT - 5/29/2012 11:51:04 AM Rebounded above its 50 DMA line last week and today's gain with above average volume has it rallying within -6.9% of its 52-week high. Its technical stance has improved, however it has not formed a sound base pattern since weak action prompted it to be dropped from the Featured Stocks list on 5/18/12.
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$415.11	+14.69 3.67%	$417.90	$442.40	-6.17%	370,293 59.94%	617,800
Most Recent Note for CMG - 5/29/2012 11:53:10 AM Gain today has it challenging its 50 DMA line which may act as resistance, and it faces additional resistance due to overhead supply up through the $442 level. Last noted in the 4/20/12 mid-day report - "Reported earnings +35% on +26% sales revenues for the quarter ended March 31, 2012, improving from the 2 prior quarterly comparisons (Sep and Dec '11) which were borderline with the C criteria's minimum guideline of +25% earnings increases. Its annual earnings (A criteria) history has been very strong and steady."
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CPRT - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Copart Inc	$27.30	+0.24 0.89%	$27.50	$27.50	-0.73%	523,719 124.61%	420,300
Most Recent Note for CPRT - 5/29/2012 11:57:22 AM Found support near its 50 DMA line again on the latest pullback and it faces no resistance due to overhead supply while perched at its 52-week high today. Reported earnings +209% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. The 12/13/11 mid-day report noted - "Its history of steady annual earnings growth (A criteria) was marred by a downturn in FY '09 earnings."
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CRUS - NASDAQ - ELECTRONICS - Semiconductor - Specialized Cirrus Logic Inc	$29.20	+1.75 6.38%	$29.30	$28.99	0.72%	1,743,065 71.25%	2,446,400
Most Recent Note for CRUS - 5/29/2012 12:01:32 PM Up today for new 52-week and multi-year highs, rising from a "square box" base pattern above prior highs and above support at its 50 DMA line. Reported earnings +64% on +21% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior quarterly comparisons were borderline or well below the fact-based investment system's earnings growth guidelines. Earlier gaps up came while rebounding from below its 50 DMA line. Last noted in the 4/27/12 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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DORM - NASDAQ - AUTOMOTIVE - Auto Parts Dorman Products Inc	$48.99	+0.95 1.98%	$49.47	$52.12	-6.01%	30,572 61.14%	50,000
Most Recent Note for DORM - 5/29/2012 12:03:29 PM Hovering -6.7% off its 52-week and all-time highs today. Trading near its 50 DMA line after encountering distributional pressure that negated a short-lived breakout since noted in the 5/11/12 mid-day report - "It has earned high ranks however its earnings history is not a good match with the fact-based system's guidelines. Went through a long consolidation and slumped below its 200 DMA line from the old high which was hit when noted in the 12/07/10 mid-day report - 'Extended from prior chart highs in the $25-26 area. It rallied from an inverse-head-and-shoulders type pattern since finding support at its 200 DMA following the previously noted 'breakaway gap' on 4/27/10. Leadership in the Auto/Truck - Replacement Parts group (L criteria) is a reassuring sign. The C criteria is satisfied as recent quarterly comparisons show earnings increases above the +25% guideline on +15%-20% better sales versus the year ago period. Its up and down annual earnings history (A criteria) is a concern.'"
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EFC - NYSE - BANKING - Savings & Loans Ellington Financial	$21.43	+0.02 0.07%	$21.53	$22.20	-3.49%	45,812 174.85%	26,200
Most Recent Note for EFC - 5/29/2012 12:03:49 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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FELE - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Franklin Electric Co	$51.62	+1.31 2.60%	$52.13	$53.75	-3.96%	95,488 107.90%	88,500
Most Recent Note for FELE - 5/29/2012 12:07:35 PM Small gap up today, rising further above its 50 DMA line while working on an orderly base pattern since February. Its annual earnings (A criteria) history has been up and down, not strong and steady as the A guidelines suggest. Earnings increases have been above the +25% minimum guideline for 7 of the past 8 quarterly comparisons through Mar '12.
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FRC - NYSE - BANKING - Savings & Loans First Republic Bank	$32.71	-0.15 -0.44%	$33.14	$34.75	-5.88%	575,317 76.42%	752,800
Most Recent Note for FRC - 5/29/2012 12:08:38 PM Quarterly and annual earnings (C and A criteria) history has been below the fact-based investment system's guidelines. Consolidating near its 50 DMA line and perched within striking distance of its 52-week high.
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LPSN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Liveperson Inc	$17.33	+0.30 1.76%	$17.65	$17.65	-1.81%	239,379 80.01%	299,200
Most Recent Note for LPSN - 5/29/2012 12:10:52 PM Touched a new 52-week high today, trying to rally from a "double bottom" base pattern. Reported earnings +0% on +21% sales revenues for the Mar '12 quarter. Last noted in the 3/07/12 mid-day report - "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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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$103.40	+0.78 0.76%	$104.47	$104.82	-1.35%	56,914 58.43%	97,400
Most Recent Note for MIDD - 5/29/2012 12:12:01 PM Still consolidating near its all-time high. The 5/18/12 mid-day report noted - "Recent quarterly comparisons show improving sales and earnings, but its growth history is below the guidelines of the fact-based system."
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NSM - NYSE - FINANCIAL SERVICES - Credit Services Nationstar Mtg Hldgs Inc	$19.42	+1.74 9.84%	$19.49	$19.49	-0.36%	680,020 179.28%	379,300
Most Recent Note for NSM - 5/29/2012 12:13:49 PM Hitting another new 52-week high with a considerable gain today backed by above average volume. Extended from any sound base after a recent streak of volume-driven gains, it is up from its $14 IPO on 3/08/12. Limited history is a concern.
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PATK - NASDAQ - Bldg-Mobile/Mfg & RV Patrick Industries Inc	$13.87	-0.02 -0.14%	$14.25	$14.47	-4.15%	160,815 89.64%	179,400
Most Recent Note for PATK - 5/29/2012 12:15:49 PM Still 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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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$15.96	+0.67 4.35%	$16.07	$16.43	-2.89%	352,820 68.88%	512,200
Most Recent Note for WWWW - 5/29/2012 12:18:07 PM Holding its ground recently above its 50 DMA line and its gain today has it just -3.7% off its 52-week high with no resistance remaining due to overhead supply. It proposed a Secondary Offering on 5/07/12, shortly after rallying from a deep one-year cup-with-handle base pattern when noted in the 5/03/12 mid-day report - "Reported earnings +67% on +132% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Its Dec '11 comparison +17% was previously noted as its weakest earnings increase in more than 5 quarterly comparisons and below the +25% minimum guideline. Its annual earnings (A criteria) growth history included a downturn in FY '09 raising additional concerns with regard to the fundamental guidelines of the fact-based investment system."
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