Mid-Day Breakouts Report - Friday, June 1st, 2012

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 1ST, 2012
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DOW 12187.14 -206.31 (-1.66%) | NASDAQ 2766.38 -61.3 (-2.17%) | S&P 500 1287.2 -23.13 (-1.77%)

Time of Screening : 6/1/2012 11:45:32 AM Report Released : 6/1/2012 12:31:07 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
ARBA -	$44.90	-0.03 -0.07%	$44.93	983,288 249.69% of 50 DAV 50 DAV is 393,800	$45.48 -1.28%	4/27/2012	$38.53	PP = $37.24 MB = $39.10
Most Recent Note - 6/1/2012 11:47:47 AM G - Holding its ground since 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 latest Featured Stock Update with an annotated graph appeared on 4/30/2012. Click here.
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COO - NYSE Cooper Companies Inc	$83.58	-1.60 -1.88%	$84.38	292,252 69.22% of 50 DAV 50 DAV is 422,200	$89.31 -6.42%	3/9/2012	$83.05	PP = $81.02 MB = $85.07
Most Recent Note - 6/1/2012 11:52:21 AM G - Slumping under its 50 DMA line today, raising concerns with a 3rd consecutive loss. Consolidating near prior highs in the $83-84 area, an important near-term support level where more damaging losses may trigger worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 5/18/2012. Click here.
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DG - NYSE Dollar General Corp	$48.45	-0.46 -0.94%	$48.96	1,654,633 59.05% of 50 DAV 50 DAV is 2,802,300	$49.50 -2.12%	5/7/2012	$48.51	PP = $47.69 MB = $50.07
Most Recent Note - 6/1/2012 11:54:38 AM Y - Pulling back today from new all-time highs hit this week after 3 consecutive gains. No resistance remains due to overhead supply. The broader market (M criteria) has yet to confirm a new rally, however, and without a solid follow-through day from at least one of the major averages all new buying efforts are discouraged under the fact-based investment system. >>> The latest Featured Stock Update with an annotated graph appeared on 5/9/2012. Click here.
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NTES - NASDAQ Netease Inc Adr	$60.46	-1.90 -3.05%	$62.80	563,705 75.91% of 50 DAV 50 DAV is 742,600	$63.07 -4.14%	3/19/2012	$56.18	PP = $55.10 MB = $57.86
Most Recent Note - 6/1/2012 12:05:25 PM G - Pulling back today after 3 consecutive gains to within close striking distance of its 52-week high. It has not formed a sound base pattern. 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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WFM - NASDAQ Whole Foods Market Inc	$86.83	-1.78 -2.01%	$88.48	1,047,696 61.08% of 50 DAV 50 DAV is 1,715,400	$91.50 -5.10%	5/3/2012	$90.28	PP = $86.45 MB = $90.77
Most Recent Note - 6/1/2012 12:25:45 PM G - Encountered distributional pressure this week while rebounding toward its 52-week high. Recently found prompt support near its 50 DMA line but damaging losses negated the latest technical breakout after it stalled following its considerable "breakaway gap" on 5/03/12. >>> The latest Featured Stock Update with an annotated graph appeared on 5/11/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$23.40	-0.68 -2.82%	$23.98	$24.64	-5.03%	204,995 57.83%	354,500
Most Recent Note for BGS - 6/1/2012 11:49:25 AM Pulling back today after a volume-driven gain on the prior session challenged its 52-week high. Reported earnings +30% on +20% sales revenues for the quarter ended Mar 31, 2012 versus the year ago period. Its report of earnings +7% on +6% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period marked its first quarterly comparison with earnings below the +25% minimum guideline in years. Very little overhead supply remains to act as resistance up through the $24 area. Prior mid-day reports noted - "Its earnings history has been strong, but the lack of sales revenues growth raises concerns that there is not great or growing demand for a new (N criteria) product or services."
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HAIN - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Hain Celestial Group	$53.26	-2.23 -4.02%	$55.40	$57.42	-7.25%	369,510 67.37%	548,500
Most Recent Note for HAIN - 6/1/2012 11:59:46 AM Pulling back from its 52-week high with a 3rd consecutive loss today. Previously noted as very extended from any sound base pattern. Reported earnings +50% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Earnings were above the +25% minimum guideline in 3 of the past 4 quarterly comparisons satisfying the C criteria, however fundamental concerns remain regarding its annual earnings (A criteria) history. Prior mid-day reports noted- "Recent quarterly comparisons show sales revenues and earnings improvements helping it better satisfy the C criteria, but a downturn in FY '09 and FY '10 is a flaw with respect to the A criteria."
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KONG - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Kongzhong Corp Ads	$6.75	-0.22 -3.16%	$6.93	$7.14	-5.46%	65,195 88.70%	73,500
Most Recent Note for KONG - 6/1/2012 12:01:10 PM The 5/25/12 and 5/30/12 mid-day reports noted - "Earnings history is not a match with the fact-based investment system. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$98.70	-3.57 -3.49%	$103.43	$104.82	-5.84%	59,412 59.71%	99,500
Most Recent Note for MIDD - 6/1/2012 12:02:28 PM Slumping under its 50 DMA line today. Still consolidating only -5.8% off 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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MO - NYSE - CONSUMER NON-DURABLES - Tobacco Products Altria Group Inc	$31.84	-0.35 -1.09%	$32.09	$32.62	-2.39%	5,862,233 65.80%	8,908,700
Most Recent Note for MO - 6/1/2012 12:04:16 PM Perched near its 52-week high, pulling back toward its 50 DMA line today. The 5/31/12 mid-day report noted - "Quarterly earning have been well below the +25%* minimum guideline (C criteria) for at least the past 8 quarterly comparisons through Mar '12."*
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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$62.80	-1.64 -2.55%	$64.19	$64.82	-3.12%	883,231 74.06%	1,192,600
Most Recent Note for PETM - 6/1/2012 12:07:50 PM Pulling back today for a 3rd consecutive loss after a volume-driven rally for new 52-week highs. Recently blasted higher from below its 50 DMA line after damaging distributional losses. Prior mid-day reports noted - "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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PKI - NYSE - Medical-Research Eqp/Svc Perkinelmer Inc	$26.00	-0.60 -2.26%	$26.10	$28.24	-7.93%	800,644 83.36%	960,500
Most Recent Note for PKI - 6/1/2012 12:09:04 PM Encountered resistance at its 50 DMA line this week and slumped to -7.9% off its 52-week high today. Prior mid-day reports noted - "Quarterly and annual earnings history is not good match with the fact-based system's guidelines. Recent quarterly earnings comparisons showed deceleration and the Mar '12 period came in just below the +25% minimum earnings increase."
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$126.09	-3.56 -2.74%	$128.22	$130.25	-3.20%	991,625 75.08%	1,320,800
Most Recent Note for SHW - 6/1/2012 12:12:14 PM Pulling back today from a new 52-week high hit on the prior session. During its recent consolidation it found support above its 50 DMA line following a streak of 6 consecutive losses after a "negative reversal" on 5/10/12. 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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SLXP - NASDAQ - DRUGS - Drug Related Products Salix Pharmaceuticals	$51.41	-0.41 -0.78%	$51.76	$53.99	-4.79%	492,313 63.99%	769,400
Most Recent Note for SLXP - 6/1/2012 12:15:05 PM Building on an orderly 10-week base pattern, holding its ground since last noted on 5/08/12 when it gapped up above its 50 DMA line. Reported earnings +97% on +34% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Little resistance remains up through the $54 level. Prior mid-day reports noted - "Quarterly comparisons through Dec '11 showed strong sales revenues and earnings increases satisfying the C criteria, however its prior earnings history has been erratic and is not a match with the fact-based investment system's guidelines."
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SSNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S S & C Technologies	$23.30	-0.28 -1.19%	$23.33	$24.58	-5.21%	113,871 78.10%	145,800
Most Recent Note for SSNC - 6/1/2012 12:16:37 PM Consolidating near its 50 DMA line today, enduring recent distributional pressure. Prior mid-day reports noted - "No overhead supply remains to hinder its progress. Fundamentals are not a match with the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong but the past 6 quarterly comparisons through Dec '11 showed earnings increases below the +25% minimum guideline for buy candidates."
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TFM - NASDAQ - RETAIL - Grocery Stores The Fresh Market Inc	$57.49	-0.63 -1.08%	$58.29	$59.10	-2.72%	217,491 63.71%	341,400
Most Recent Note for TFM - 6/1/2012 12:18:13 PM Perched at its 52-week today after volume-driven gains this week including a considerable gap up on 5/30/12 from below its 50 DMA line. A downturn in FY '11 earnings is a flaw concerning the A criteria. The M criteria argues against new buying efforts in all stocks until a new confirmed rally with a solid follow through day from at least one of the major averages. The 5/30/12 mid-day report noted - "Reported earnings +33% on +23% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Now 3 of the company's past 4 quarterly comparisons showed earnings above the +25% minimum satisfying the C criteria. It had slumped below its 50 DMA line while consolidating from highs hit since last noted in the 4/13/12 mid-day report - 'Quarterly and annual earnings increases (C & A criteria) are not a match with the fact-based system's guidelines.'"
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TWTC - NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic T W Telecom Inc	$23.26	+0.07 0.30%	$23.49	$23.79	-2.23%	2,223,674 234.19%	949,500
Most Recent Note for TWTC - 6/1/2012 12:20:24 PM Churning heavy volume in recent weeks without making meaningful price progress, action which indicates that it has been encountering distributional pressure. Found support above its 50 DMA line during its latest consolidation. The 5/03/12 mid-day report noted - "Hit a new 52-week high today with a 2nd consecutive volume-driven gain, rising from 12-month cup-with-handle base pattern. Reported earnings +63% on +8% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Sales revenues growth has been slow and steady in the +8% range while its 4 prior quarterly comparisons showed no growth in earnings."
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UMBF - NASDAQ - BANKING - Regional - Southwest Banks U M B Financial Corp	$47.25	-1.52 -3.12%	$48.01	$49.24	-4.04%	119,376 69.69%	171,300
Most Recent Note for UMBF - 6/1/2012 12:22:07 PM Perched within close striking distance of its 52-week high, but pulling back today. A streak of volume-driven gains helped it recently rally from support at its 50 DMA line. It has formed a base-on-base pattern since the 4/24/12 mid-day report noted - "Today's volume-driven gain is clearing a 9-month long cup-with-handle base pattern. Reported earnings +51% on +12% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior earnings and sales increases have not met the fact-based investment system's guidelines for the C and A criteria although it has earned good ranks."
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WMT - NYSE - RETAIL - Discount, Variety Stores Wal-Mart Stores	$65.60	-0.22 -0.33%	$65.88	$66.66	-1.59%	6,378,555 57.69%	11,056,200
Most Recent Note for WMT - 6/1/2012 12:28:29 PM Perched at its new 52-week high today after a spurt of volume-driven gains. It survived but failed to impress since last noted in the 11/08/11 mid-day report - "The world's largest retailer's sales revenues and earnings increases in quarterly comparisons do not meet the fact-based system's guidelines, meanwhile its annual earnings growth has been slow but steady."
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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$15.75	-0.17 -1.07%	$16.01	$16.43	-4.14%	344,689 61.08%	564,300
Most Recent Note for WWWW - 6/1/2012 12:30:45 PM Held its ground recently above its 50 DMA line while consolidating and it is just -4.9% off its 52-week high today 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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