Mid-Day Breakouts Report - Wednesday, July 3rd, 2013

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 3RD, 2013
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DOW 14959.94 27.53 (0.18%) | NASDAQ 3437.08 3.68 (0.11%) | S&P 500 1611.8 -2.28 (-0.14%)

Time of Screening : 7/3/2013 11:16:06 AM Report Released : 7/3/2013 11:44:32 AM
Price is: Above 52W High and Less Than 52W High but within 10% of the 52 Week High
Volume Is: At least 40% of 50 Day Average at the time of the screening.
More details about this report...

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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alliance Fiber Optic	$24.37	+0.64 2.70%	$24.53	$24.53	-0.65%	99,278 71.78%	138,300
Most Recent Note for AFOP - 7/3/2013 11:17:12 AM Hitting another new 52-week high with above average volume behind today's 3rd consecutive considerable gain, rallying after forming an "ascending base" pattern. Found support above its 50 DMA line during the pullback since noted in the 6/18/13 mid-day report with caution - "Extended from any sound base. Powered higher after recently raising guidance for its 2nd quarter. This Sunnyvale, CA based Telecom - Fiber Optics firm showed better increases in sales and earnings for the Sep, Dec '12, and Mar '13 quarters versus the year ago period, above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been below the fact-based investment system's guidelines."
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BSET - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Bassett Furniture Inds	$15.91	-0.39 -2.39%	$16.39	$16.78	-5.18%	14,593 50.15%	29,100
Most Recent Note for BSET - 7/3/2013 11:18:53 AM Holding its ground after hitting a new 52-week high with above average volume behind a solid gain on 7/01/13. Rebounded after finding support at its 200 DMA line during its consolidation from new highs hit since noted in the 3/11/13 mid-day report with caution. Erratic earnings history is not a match with the fact-based system's guidelines.
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COG - NYSE - ENERGY - Independent Oil & Gas Cabot Oil & Gas Corp	$70.54	-0.59 -0.83%	$71.42	$74.23	-4.97%	745,883 40.06%	1,861,700
Most Recent Note for COG - 7/3/2013 11:26:39 AM Perched near 52-week and all-time highs. Sales and earnings history showed improvement in recent quarterly comparisons through Mar '13. Its annual earnings (A criteria) history was not strong and steady enough to meet the guidelines.
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ENV - NYSE - FINANCIAL SERVICES - Diversified Investments Envestnet Inc	$25.57	+0.15 0.59%	$26.10	$27.74	-7.82%	87,222 47.56%	183,400
Most Recent Note for ENV - 7/3/2013 11:28:46 AM Holding its ground today. Gapped down on the prior session, abruptly retreating from a new 52-week high after 3 consecutive gains backed by above average volume. Prior mid-day reports cautioned - "Getting very extended from any sound base. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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IIIN - NASDAQ - METALS & MINING - Steel & Iron Insteel Industries Inc	$17.83	+0.23 1.31%	$17.83	$19.37	-7.95%	46,452 65.24%	71,200
Most Recent Note for IIIN - 7/3/2013 11:29:28 AM Consolidating near its 50 DMA line and above prior highs after recently encountering distributional pressure. Noted in prior mid-day reports with caution - "This Mount Airy, NC-based maker of steel wire reinforcements and prestressed concrete strands has an erratic earnings history that is not a match with the fact-based investment system's guidelines (C and A criteria). Lack of sales revenues growth indicates no great demand for new (N criteria) products or services."
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JRN - NYSE - MEDIA - Publishing - Newspapers Journal Communications	$7.52	+0.00 0.00%	$7.56	$7.78	-3.34%	114,941 50.97%	225,500
Most Recent Note for JRN - 7/3/2013 11:31:08 AM Churning above average volume and making gradual progress after technically breaking out with recent volume-driven gains clearing resistance in the $7.00 area. Prior mid-day reports cautioned - "Recent quarterly comparisons through Mar '13 showed strong earnings increases satisfying the C criteria. Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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MSG - NASDAQ - LEISURE - Sporting Activities Madison Square Garden Co	$60.48	+0.82 1.37%	$60.61	$63.44	-4.67%	209,929 49.69%	422,500
Most Recent Note for MSG - 7/3/2013 11:34:13 AM Finding support near its 50 DMA line and perched just -5% off its 52-week high. Prior highs in the $58 area acted as support during its consolidation since last noted in the 5/21/13 mid-day report - "Reported earnings +23% on +3% sales revenues for the Mar '13 quarter. Sub par sales revenues increases indicate no great growth in demand for new products or services (N criteria) while the stock is at new highs, and prior mid-day reports repeatedly cautioned - 'Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.'"
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PNFP - NASDAQ - BANKING - Regional - Southeast Banks Pinnacle Financial Prtnr	$26.74	-0.12 -0.45%	$26.77	$27.33	-2.16%	49,667 43.57%	114,000
Most Recent Note for PNFP - 7/3/2013 11:36:36 AM Perched at its 52-week high after a spurt of gains from an orderly base above support at its 50 DMA line. Reported earnings +86% on +6% sales revenues for the quarter ended March 31, 2013 versus the year ago period. Recent quarterly earnings increases met the +25% minimum earnings guideline but sub par sales revenues growth and its up and down annual earnings (A criteria) history is a concern. Earnings history has been erratic and it is not a match with the fact-based system.
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PVTB - NASDAQ - BANKING - Regional - Midwest Banks Privatebancorp Inc	$22.77	+0.32 1.43%	$22.82	$23.05	-1.21%	185,577 40.54%	457,800
Most Recent Note for PVTB - 7/3/2013 11:37:51 AM Rallying for new 52-week highs with a spurt of volume-driven gains after finding support at its 50 DMA line. Reported very big earnings increases in the Dec '12 and Mar '13 quarterly comparisons but with only +3-5% sales revenues. Underwriters helped it complete a $125 Million Subordinated Debt Offering and a new Public Offering of $75 Million in Common Stock when noted in the 10/16/12 mid-day report with caution - "Reported earnings +93% on +2% sales revenues for the quarter ended September 30, 2012 versus the year ago period. Prior quarterly comparisons showed better earnings increases on sub par sales. Its annual earnings history (A criteria) has not been strong and steady."
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SPA - NYSE - ELECTRONICS - Scientific & Technical Instrum Sparton Corp	$17.52	+0.04 0.23%	$17.53	$17.89	-2.07%	23,961 45.73%	52,400
Most Recent Note for SPA - 7/3/2013 11:39:06 AM Prior highs acted as support on the last pullback. Perched at its 52-week high today following an impressive streak of gains. Prior mid-day reports cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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TMH - NYSE - HEALTH SERVICES -Healthcare Information Service Team Health Hldgs Inc	$38.54	-0.80 -2.03%	$38.99	$42.42	-9.15%	406,663 64.53%	630,200
Most Recent Note for TMH - 7/3/2013 11:40:29 AM Violated its 50 DMA line as it gapped down today for a 3rd consecutive loss. Prior mid-day reports cautioned - "Retreating from new highs hit last week after churning heavy volume. Reported earnings +19% on +20% sales for the Mar '13 quarter, below the +25% minimum earnings guideline (C criteria). Completed yet another Secondary Offering on 2/12/13 and prior mid-day reports noted Secondary Offerings on 12/19/12, 9/12/12, and 6/29/12. Showed bullish action since rallying above the $30 area that acted as recent resistance in prior months after testing support at its 200 DMA line."
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TW - NASDAQ - Financial Svcs-Specialty Tradeweb Markets Cl A	$81.43	-2.06 -2.47%	$83.15	$83.84	-2.87%	283,999 90.62%	313,400
Most Recent Note for TW - 7/3/2013 11:41:19 AM Pulling back today from new 52-week highs hit this week with volume-driven gains. Recently found support at its 50 DMA line. Fundamental concerns remain with respect to the C and A criteria as when noted in the 11/09/11 mid-day report with caution - "Quarterly and annual earning increases have not been strong and steady like the fundamentally superior candidates and winning models in the book, 'How To Make Money In Stocks'."
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UHS - NYSE - HEALTH SERVICES - Hospitals Universal Health Svcs B	$66.28	-1.93 -2.83%	$67.55	$71.54	-7.35%	532,306 74.44%	715,100
Most Recent Note for UHS - 7/3/2013 11:42:17 AM Gapped down today, slumping back below its 50 DMA line. Last noted in the 4/29/13 mid-day report with caution - "Quarterly and annual earnings growth (C and A criteria) and sales revenues growth remain below the guidelines. It survived but failed to impress since last noted with caution in the 5/20/10 mid-day report - 'Recently rallied on M&A news it agreed to acquire Psychiatric Solutions (PSYS).'"
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USCR - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials U S Concrete Inc	$15.34	-0.23 -1.48%	$15.56	$16.75	-8.42%	37,673 44.01%	85,600
Most Recent Note for USCR - 7/3/2013 11:43:23 AM Down today while on track for a 4th consecutive small loss, slumping below its 50 DMA line again. Noted in recent mid-day reports repeatedly with caution - "Earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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WSBF - NASDAQ - BANKING - Savings & Loans Waterstone Financial Inc	$10.99	-0.01 -0.08%	$11.04	$11.20	-1.86%	31,770 106.97%	29,700
Most Recent Note for WSBF - 7/3/2013 11:44:13 AM Perched at its 52-week high today following 3 consecutive volume-driven gains. Held its ground in a tight range following a breakout on 6/07/13 rising from a long and orderly flat base. Prior mid-day reports cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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