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 MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 11TH, 2012
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DOW 12522.68 -31.52 (-0.25%) | NASDAQ 2847.15 -11.27 (-0.39%) | S&P 500 1323.13 -2.53 (-0.19%)
Time of Screening : 6/11/2012 11:53:35 AM         Report Released : 6/11/2012 12:39:13 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
Max Buy
UA - NYSE
Under Armour Inc Cl A
$106.43 +3.12
3.02%
$107.15 1,089,343
114.03% of 50 DAV
50 DAV is 955,300
$107.15
-0.67%
2/15/2012 $85.77 PP = $84.86
MB = $89.10
Most Recent Note - 6/11/2012 12:38:56 PM
G - Gapped up today and hit another new 52-week and all-time high following a strong finish on the prior session. Previously noted - "No resistance remains due to overhead supply. Fundamental concerns remain after a slightly sub par earnings increase in the Dec '11 quarter."
>>> The latest Featured Stock Update with an annotated graph appeared on 5/29/2012. 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
$10.09 +0.01
0.10%
$10.25 $10.95 -7.85% 72,428
66.57%
108,800
Most Recent Note for ARSD - 6/11/2012 12:00:06 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 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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CAMP - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Calamp Corp
$7.05 +0.24
3.52%
$7.28 $7.28 -3.16% 293,483
173.97%
168,700
Most Recent Note for CAMP - 6/11/2012 12:01:21 PM
This low-priced stock gapped up again today hitting another new 52-week high, rising from a 4-week "square box" base during which it pulled back and found support at its 50 DMA line. Reported earnings +200% on +30% sales revenues for the quarter ended February 29, 2012 versus the year ago period. A volume-driven breakout 4/02/12 was previously noted in the 4/10/12 mid-day report when it was also noted - "Earnings history is not a match with the investment system's guidelines."

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CYBX - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Cyberonics Inc
$40.87 +0.02
0.05%
$41.30 $42.17 -3.08% 187,078
88.08%
212,400
Most Recent Note for CYBX - 6/11/2012 12:03:37 PM
Perched near its 52-week high today. Consolidating above prior highs following 2 consecutive volume-driven gains last week, rebounding from a dip just below its 50 DMA line. The 6/06/12 mid-day report noted - "Important near-term support is at prior lows in the $36 area. Reported earnings +46% on +13% sales revenues for the quarter ended April 30, 2012 versus the year ago period, marking 3 consecutive quarterly earnings comparisons above the +25% guideline (meeting C criteria). Its annual earnings (A criteria) history included a dip in FY '11 earnings that leaves fundamental concerns with respect to the fact-based investment system's guidelines."
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EFC - NYSE - BANKING - Savings & Loans
Ellington Financial
$21.09 +0.26
1.25%
$21.15 $22.16 -4.83% 28,943
92.47%
31,300
Most Recent Note for EFC - 6/11/2012 12:04:21 PM
Consolidating above its 50 DMA line after recent distributional action. Prior mid-day reports 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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EW - NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Edwards Lifesciences Cp
$89.10 +0.87
0.99%
$89.95 $91.50 -2.62% 682,652
61.28%
1,113,900
Most Recent Note for EW - 6/11/2012 12:08:17 PM
Little resistance remains due to overhead supply while perched only -2.7% off its 52-week and all-time highs. Earnings increases in the past 4 quarterly comparisons through Mar '12 were well below the +25% minimum guideline. It survived after a deep correction below its 200 DMA line, but it failed to impress since dropped from the Featured Stocks list on 7/22/11.
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IHG - NYSE - LEISURE - Lodging
Intercontinental Hotels
$23.35 +0.00
0.00%
$23.64 $24.85 -6.04% 261,996
69.88%
374,900
Most Recent Note for IHG - 6/11/2012 12:09:17 PM
Consolidating above its 50 DMA line and within -6.0% of its 52-week high today. Reported earnings +8% on +3% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The 5/11/12 mid-day report noted - "Its prior earnings history (A criteria) is below guidelines of the fact-based system."
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INMD - NASDAQ - Medical-Systems/Equip
Inmode Ltd
$13.68 +2.34
20.63%
$13.85 $13.85 -1.23% 1,255,505
6,036.08%
20,800
Most Recent Note for INMD - 6/11/2012 12:12:18 PM
Gapped up today from below its 50 DMA line and hit a new 52-week high after it agreed to be Acquired by Sagard Capital Partners for $169.5 Million. Earnings improved +38% on +10% sales revenues in the Mar '12 quarterly comparison, making it 3 consecutive quarters with earnings increases above the +25% guideline for the C criteria. Last noted in the 5/11/12 mid-day report - "The low-priced stock hailing from the Medical - Services industry group has questionable fundamentals after a lackluster growth rate in recent years (A criteria). It showed promising technical action in recent months as it rallied to multi-year highs."
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INOD - NASDAQ - INTERNET - Internet Software & Services
Innodata Inc
$6.06 +0.00
0.00%
$6.37 $6.37 -4.87% 107,150
247.46%
43,300
Most Recent Note for INOD - 6/11/2012 12:16:46 PM
Reversed into the red after early gains for a new 52-week high today. It has encountered stubborn resistance in the $6 area and found support near its 50 DMA line when consolidating. Reported earnings of 13 cents per share versus 1 cent per share with sales revenues up +71% for the latest quarter ended March 31, 2012 versus the year ago period. 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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INWK - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Innerworkings Inc
$12.31 -0.87
-6.60%
$13.35 $13.35 -7.79% 150,619
60.83%
247,600
Most Recent Note for INWK - 6/11/2012 12:19:07 PM
Pulling back today following a breakout for a new 52-week high on 6/08/12 with a considerable gain clearing an orderly base pattern. It traded back and forth near its 50 DMA line since noted in the 3/29/12 mid-day report - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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KONA - NASDAQ - LEISURE - Restaurants
Kona Grill Inc
$8.80 +0.05
0.57%
$8.90 $8.90 -1.12% 72,181
78.89%
91,500
Most Recent Note for KONA - 6/11/2012 12:20:52 PM
Inching further into new 52-week high territory today with a 3rd consecutive gain backed by above average volume. Prior mid-day reports noted - "Recent quarterly comparisons through Mar '12 showed good earnings versus year ago losses, however sub par sales revenues growth (+9% in the 2 latest quarters) is a concern. FY '11 marked its first profitable year after many years of operating losses. Low-priced stocks are discouraged from consideration as buy candidates under the fact-based investment system unless all key criteria are solidly satisfied."
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KONG - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Kongzhong Corp Ads
$7.80 +0.09
1.17%
$7.88 $7.88 -1.02% 82,651
97.35%
84,900
Most Recent Note for KONG - 6/11/2012 12:22:08 PM
Perched at its 52-week high today adding to a spurt of volume-driven gains. Tallied 5 consecutive weekly gains, however it faces additional overhead supply that may act as resistance. Prior 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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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line
Mellanox Technologies
$65.27 +3.63
5.89%
$68.26 $68.26 -4.38% 770,333
142.65%
540,000
Most Recent Note for MLNX - 6/11/2012 12:27:53 PM
Gapped up today and hit a new 52-week high after a 7-week consolidation above its 50 DMA line. Reported earnings +113% on +61% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Its streak of 3 strong quarterly earnings comparisons now satisfies the C criteria. A downturn in FY '09 earnings is a small flaw in its annual earnings (A criteria) history. Gapped up on 4/17/12 for a new all-time high following an analyst upgrade."
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SCLN - NASDAQ - DRUGS - Drug Manufacturers - Other
Sciclone Pharmaceuticals
$6.96 +0.02
0.29%
$7.07 $7.07 -1.56% 269,459
58.02%
464,400
Most Recent Note for SCLN - 6/11/2012 12:29:34 PM
This low-priced stock touched a new 52-week high today, inching higher with no resistance remaining due to overhead supply. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied. The Dec '11 and Mar '12 quarterly comparisons showed strong sales revenues and earnings increases above the +25% minimum guideline, but prior quarters showed sub par earnings growth. Its annual earnings history has been good following losses in FY '08 and prior years.
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SYNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Synacor Inc
$13.80 +0.41
3.06%
$14.55 $15.00 -8.00% 574,314
64.41%
891,600
Most Recent Note for SYNC - 6/11/2012 12:32:47 PM
Hovering near its 52-week high today. Consolidating since its high was hit when last noted in the 5/31/12 mid-day report - "This low-priced stock is up from its 2/10/12 IPO at $5.00. It did not form a sound base pattern and its limited history is a concern."
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SYPR - NASDAQ - ELECTRONICS - Printed Circuit Boards
Sypris Solutions Inc
$6.35 +0.13
2.09%
$6.50 $6.50 -2.31% 69,499
170.34%
40,800
Most Recent Note for SYPR - 6/11/2012 12:34:28 PM
Touched a new 52-week high today then reversed into the red. During a spurt of volume-driven gains prior mid-day reports noted - "Recent quarterly comparisons showed earnings versus year ago losses. Its annual earnings (A criteria) history has been poor, including years of losses. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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TCAP - NYSE - FINANCIAL SERVICES - Credit Services
Triangle Capital Corp
$21.04 +0.15
0.72%
$21.34 $21.46 -1.96% 192,316
109.08%
176,300
Most Recent Note for TCAP - 6/11/2012 12:35:57 PM
Pulling back from its 52-week high today after 4 consecutive gains backed by above average volume. Prior mid-day reports noted - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks
Texas Capital Bancshares
$38.80 +0.01
0.03%
$40.13 $40.13 -3.31% 274,445
76.92%
356,800
Most Recent Note for TCBI - 6/11/2012 12:37:37 PM
Off earlier highs after hitting a new 52-week high today while on track for its 4th consecutive gain. Reported earnings +126% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "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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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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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