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 MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 18TH, 2012
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DOW 12741.29 -25.88 (-0.20%) | NASDAQ 2885.75 12.95 (0.45%) | S&P 500 1341.77 -1.07 (-0.08%)
Time of Screening : 6/18/2012 11:57:11 AM         Report Released : 6/18/2012 12:33:57 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...

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
CERN - NASDAQ
Cerner Corp
$86.40 +3.76
4.55%
$86.75 1,815,560
141.21% of 50 DAV
50 DAV is 1,285,700
$0.00

6/7/2012 $78.36 PP = $84.20
MB = $88.41
Most Recent Note - 6/18/2012 12:06:35 PM
Y - Hitting a new high today with a solid volume-driven gain above its pivot point triggering a new (or add-on) technical buy signal. No resistance remains due to overhead supply.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2012. Click here.
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MLNX - NASDAQ
Mellanox Technologies
$70.90 +4.17
6.25%
$71.95 766,291
130.17% of 50 DAV
50 DAV is 588,700
$0.00

6/18/2012 $70.90 PP = $67.30
MB = $70.67
Most Recent Note - 6/18/2012
Y - Gapped up today, hitting a 52-week high, rising from an 9-week cup-shaped base without a handle. Color code is changed to yellow with pivot point cited based on its 4/19/12 high plus 10 cents. It stayed well above its 50 DMA line during the latest consolidation. Reported earnings +113% on +61% sales revenues for the quarter ended March 31, 2012 versus the year ago period. 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. Top-rated funds owning its shares rose from 108 in Jun '11 to 177 in Mar '12 a reassuring sign concerning the I criteria.

There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ACIW - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
A C I Worldwide Inc
$41.83 +1.28
3.16%
$43.00 $43.00 -2.72% 312,342
98.47%
317,200
Most Recent Note for ACIW - 6/18/2012 11:59:31 AM
Hit a new high today, rallying from a new base above the previously noted 6-month cup shaped base. Reported earnings +211% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. It had reported earnings -13% on -4% sales revenues for the quarter ended December 31, 2011 versus the year ago period, creating a flaw concerning the C criteria. Consensus estimates call for earnings +8% in FY '12, yet its annual earnings (A criteria) growth has been improving nicely since a loss in FY '07.
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ALG - NYSE - MANUFACTURING - Farm & Construction Machinery
Alamo Group Inc
$31.61 +0.22
0.70%
$31.80 $0.00 -2.72% 33,280
81.37%
40,900
Most Recent Note for ALG - 6/18/2012 12:00:29 PM
Holding its ground near its 50 DMA line. Reported earnings +19% on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Earnings increases improved in recent quarters, but sales revenues increases have been below guidelines and its annual earnings (A criteria) history has been up and down."
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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Align Technology Inc
$33.39 +1.65
5.20%
$33.93 $34.29 -2.62% 1,110,549
120.67%
920,300
Most Recent Note for ALGN - 6/18/2012 12:02:01 PM
Rallying from a "double bottom" base today after finding support near its 50 DMA line during its consolidation since noted when it gapped up on 4/24/12 for a considerable gain and new 52-week and all-time highs. Reported earnings +29% on +29% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The prior quarterly comparison (Dec '11) also showed strong sales and earnings increases following 4 previous quarters with earnings increases below the +25% minimum guideline. Its annual earnings (A criteria) history has been good following a downturn in FY '08.
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BIIB - NASDAQ - DRUGS - Biotechnology
Biogen Idec Inc
$141.76 +1.75
1.25%
$142.67 $0.00 -2.62% 961,161
76.05%
1,263,900
Most Recent Note for BIIB - 6/18/2012 12:03:20 PM
Hitting a new 52-week high with today's 5th consecutive gain. It was last noted in the 5/18/12 mid-day report - "Reported earnings -2% on +7% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Earnings and sales growth history is below the guidelines of the fact-based investment system, still. It survived but failed to impress since noted in October 2007 mid-day reports after a huge gap up on news if had interested buyers including Carl Icahn."
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CAMP - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Calamp Corp
$7.80 +0.33
4.42%
$7.89 $7.89 -1.14% 273,187
140.31%
194,700
Most Recent Note for CAMP - 6/18/2012 12:05:06 PM
This low-priced stock is hitting yet another new 52-week high with an 7th consecutive volume-driven gain after rising from the previously noted 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
$44.54 +2.02
4.75%
$44.70 $0.00 -1.14% 290,296
129.37%
224,400
Most Recent Note for CYBX - 6/18/2012 12:07:51 PM
Hitting another new 52-week high today with a 6th consecutive volume-driven gain, getting extended from prior highs. Stayed above prior highs while consolidating following recent volume-driven gains, 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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EBAY - NASDAQ - INTERNET - Internet Software & Services
Ebay Inc
$42.17 +1.50
3.69%
$42.25 $42.25 -0.19% 10,993,682
81.69%
13,457,400
Most Recent Note for EBAY - 6/18/2012 12:09:30 PM
Hitting a new 52-week high today, rising from an orderly flat base. Found support at its 50 DMA line again recently 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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INOD - NASDAQ - INTERNET - Internet Software & Services
Innodata Inc
$6.30 -0.01
-0.16%
$6.35 $6.44 -2.17% 47,074
89.16%
52,800
Most Recent Note for INOD - 6/18/2012 12:10:48 PM
Perched at its 52-week high with above average volume behind today's 5th consecutive gain after a negative reversal when noted in the 6/11/12 mid-day report - "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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KONG - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Kongzhong Corp Ads
$8.01 +0.01
0.13%
$8.12 $8.12 -1.35% 129,289
135.95%
95,100
Most Recent Note for KONG - 6/18/2012 12:12:03 PM
Inching to another new 52-week high today, recently holding its ground after a spurt of volume-driven gains. Tallied 6 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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QCOR - NASDAQ - DRUGS - Biotechnology
Questcor Pharmaceuticals
$49.85 +1.16
2.38%
$51.42 $51.42 -3.05% 1,611,656
83.15%
1,938,200
Most Recent Note for QCOR - 6/18/2012 12:20:01 PM
Hitting another new high today, getting extended from prior highs. A previously noted considerable volume-driven gain on 6/12/12 helped it break out above previously stubborn resistance in the $46 area. Reported earnings +205% on +161% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Strong prior quarterly comparisons with solid sales revenues and earnings increases satisfy the C criteria of the fact-based system. Downward turn in its FY '09 earnings was previously noted as a flaw concerning the A criteria. Rallied 4-fold from its February 2011 lows in the $12 area.
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SCL - NYSE - CHEMICALS - Specialty Chemicals
Stepan Co
$91.60 -1.50
-1.61%
$92.32 $0.00 -3.05% 32,420
92.89%
34,900
Most Recent Note for SCL - 6/18/2012 12:20:57 PM
Hovering near its 52-week high today, still trading near previously stubborn resistance in the $92 area. Found support near its 50 DMA line since noted in the 2/29/12 mid-day report - "This thinly traded Chemicals- Specialty firm's quarterly and annual earnings history (C & A criteria) is not a match with the fact-based investment system's guidelines."
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SYPR - NASDAQ - ELECTRONICS - Printed Circuit Boards
Sypris Solutions Inc
$6.60 +0.16
2.48%
$6.73 $0.00 -3.05% 138,969
260.24%
53,400
Most Recent Note for SYPR - 6/18/2012 12:21:35 PM
Perched at its 52-week high today, adding to its streak of gains backed by above average volume. 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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TWTC - NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic
T W Telecom Inc
$25.06 +0.13
0.52%
$25.11 $0.00 -3.05% 1,068,369
92.52%
1,154,700
Most Recent Note for TWTC - 6/18/2012 12:23:18 PM
Trading above average volume in recent weeks while making gradual progress above prior resistance in the $22-23 area. 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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