Mid-Day Breakouts Report - Friday, July 15th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 15TH, 2011
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DOW 12441.39 4.27 (0.03%) | NASDAQ 2781.94 19.27 (0.70%) | S&P 500 1312.08 3.21 (0.25%)

Time of Screening : 7/15/2011 12:18:14 PM Report Released : 7/15/2011 1:30:38 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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

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
BCPC - NASDAQ - CHEMICALS - Agricultural Chemicals Balchem Corp	$44.32	+1.19 2.75%	$44.55	$44.94	-1.39%	99,549 101.06%	98,500
Most Recent Note for BCPC - 7/15/2011 12:36:02 PM It did not form a sound base pattern, and gains in recent weeks lacked great volume conviction until today's volume-driven spike to another new high. Since last noted in the 5/12/11 mid-day report this high-ranked Chemicals - Specialty firm found support near its 50 DMA line and then wedged to new 52-week and all-time highs. Recent quarterly comparisons show gradual sales revenues acceleration and it has maintained a strong annual earnings history, with earnings growth satisfying the C and A criteria. Reported earnings +25% on +22% sales revenues for the quarter ended March 31, 2011 versus the year ago period.
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CHKP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services Check Point Sftware Tech	$56.29	-0.30 -0.53%	$56.98	$58.57	-3.89%	1,626,975 104.27%	1,560,400
Most Recent Note for CHKP - 7/15/2011 12:41:18 PM Pulling back -3.8% off its 52-week high today, enduring mild distributional pressure after a recent streak of small gains into new high territory. Prior mid-day reports noted - "This Israel-based Computer Software - Security firm has earned high ranks and has a history of steady sales revenues and earnings increases (not showing acceleration) below the fact-based investment system's minimum guidelines."
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CI - NYSE - Medical-Managed Care Cigna Corp	$52.21	+0.15 0.29%	$52.77	$52.77	-1.06%	1,894,041 69.96%	2,707,400
Most Recent Note for CI - 7/15/2011 12:42:44 PM Touched a new 52-week high today. Prior mid-day reports noted - "Strength in the Medical- Managed Care group, a leading (L criteria) industry group, has helped it rally. Sales revenues and earnings history are below the investment system's guidelines."
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FC - NYSE - CONSUMER NON-DURABLES - Office Supplies Franklin Covey Company	$11.43	+0.02 0.18%	$11.46	$11.60	-1.47%	23,052 62.47%	36,900
Most Recent Note for FC - 7/15/2011 12:45:17 PM Perched at 52-week and all-time highs following a spurt of volume-driven gains, stubbornly holding its ground, extended from prior chart highs. Prior mid-day reports noted - "Recent quarterly comparisons show sales revenues and earnings improving, but its annual earnings (A criteria) history has not been strong and steady."
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FRD - AMEX - METALS & MINING - Steel & Iron Friedman Inds Inc	$11.69	-0.01 -0.09%	$11.69	$11.76	-0.60%	15,300 69.55%	22,000
Most Recent Note for FRD - 7/15/2011 12:48:27 PM Holding its ground today, after touching a new 52-week high on the prior session by trading a penny above the 6/28/11 session high. On 6/28/11 a "breakaway gap" followed strong results for the quarter ended March 31, 2011. Prior mid-day reports noted - "Recent quarters show big sales and earnings increases but its prior earnings history has been erratic (downturn in FY '10) and below the fact-based system's guidelines."
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GPX - NYSE - DIVERSIFIED SERVICES - Education & Training Services G P Strategies Corp	$14.10	+0.19 1.37%	$14.26	$14.34	-1.67%	43,905 83.79%	52,400
Most Recent Note for GPX - 7/15/2011 12:50:00 PM Hovering in a tight range near its 52-week high for the past 3 weeks after finding support near its 50 DMA line. It has formed a choppy base pattern. Prior mid-day reports noted - "Recent quarterly comparisons show improving sales revenues and earnings increases but its annual earnings (A criteria) history falls below the investment system's guidelines."
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$55.42	+0.17 0.31%	$55.58	$57.98	-4.42%	80,970 63.91%	126,700
Most Recent Note for HEI - 7/15/2011 12:53:33 PM Consolidating near prior highs in the $66 area that may act as support. It wedged to new all-time highs without great volume conviction since last noted in the 6/17/11 mid-day report - "Recent quarters showed improving sales revenues and earnings but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since weak technical action prompted it to be dropped from the Featured Stocks list on 1/17/08."
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HP - NYSE - ENERGY - Oil & Gas Drilling & Explorati Helmerich & Payne Inc	$69.65	+2.67 3.98%	$69.88	$70.47	-1.17%	833,464 57.84%	1,440,900
Most Recent Note for HP - 7/15/2011 12:55:54 PM Its 3 latest quarterly earnings increases were above the +25% guideline, but its annual earnings (A criteria) history has been below the investment system guidelines. Quiet gains in recent weeks have it now perched just -1.5% off its 52-week high.
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ICUI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies I C U Medical Inc	$45.73	-0.06 -0.13%	$45.98	$45.98	-0.54%	97,418 137.99%	70,600
Most Recent Note for ICUI - 7/15/2011 1:08:46 PM No resistance remains due to overhead supply. It gapped up on the prior session hitting a new 52-week high, rising from an orderly base with triple its average daily volume total. Quarterly earnings increases have been above the +25% guideline in the past 4 comparisons through Mar '11 versus the year ago period. Its annual earnings (A criteria) history has been slow and steady in recent years, and Street estimates call for growth in the +9-10% range for FY '11 and FY '12. Ownership by top-rated funds has been nearly unchanged in the past year. It survived by failed to impress since last noted in the 7/09/09 mid-day report.
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JBHT - NASDAQ - TRANSPORTATION - Trucking Hunt J B Trans Svcs Inc	$47.50	-0.21 -0.44%	$47.66	$49.12	-3.30%	1,156,167 149.16%	775,100
Most Recent Note for JBHT - 7/15/2011 1:10:14 PM The 7/14/11 mid-day report noted - "Recent quarterly comparisons showed strong earnings increases and sales revenues increases in the +16-22 range. Its annual earnings (A criteria) history has been below the guidelines of the fact-based investment system. It has formed a saucer-with-handle base pattern. "
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KEG - NYSE - ENERGY - Oil & Gas Drilling & Explorati Key Energy Services Inc	$19.35	+0.20 1.04%	$19.50	$19.70	-1.78%	2,406,172 85.06%	2,828,800
Most Recent Note for KEG - 7/15/2011 1:13:39 PM Hovering near its 52-week high after volume-driven gains in recent weeks helped it reach a new 52-week high. It found support near its 50 DMA during its consolidation since last noted in the 5/03/11 mid-day report -"Pulling back following a considerable breakaway gap on 4/29/11. Earnings history has been erratic and below guidelines."
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NEOG - NASDAQ - DRUGS - Diagnostic Substances Neogen Corp	$46.30	-0.10 -0.22%	$46.92	$47.92	-3.38%	53,480 59.82%	89,400
Most Recent Note for NEOG - 7/15/2011 1:19:38 PM Quietly perched near its all-time high today after wedging to new highs in recent weeks without great volume conviction. Found support at its 50 DMA during its consolidation since last noted in the 6/01/11 mid-day report - "Clear of all resistance due to overhead supply, it technically broke out from an orderly base pattern with a considerable 5/31/11 gain with above average volume. Reported earnings +24% for the quarter ended February 28, 2011 versus the year ago period, a tiny notch below the +25% guideline following 4 consecutive quarters with increases above that minimum threshold. It was dropped from the Featured Stocks list on 1/21/11. "
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PTEN - NASDAQ - ENERGY - Oil & Gas Drilling & Explorati Patterson-Uti Energy Inc	$33.34	+1.77 5.61%	$33.49	$33.49	-0.45%	1,899,118 62.49%	3,039,000
Most Recent Note for PTEN - 7/15/2011 1:21:28 PM Hit a new 52-week high today. Recently rebounding from a consolidation below its 50 DMA line, it was noted in prior mid-day reports - "Recent quarters showed much better sales and earnings increases versus the year earlier. 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. It survived but failed to impress since noted on 2/15/06."
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PVH - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing P V H Corp	$73.37	+0.57 0.78%	$73.92	$73.92	-0.74%	1,041,007 98.34%	1,058,600
Most Recent Note for PVH - 7/15/2011 1:27:52 PM Volume-driven gains this week helped it technically break out above stubborn resistance in the $72 area and hit a new 52-week high. Its FY '10 earnings dipped after showing great annual earnings growth in prior years, yet recent quarterly comparisons have show strong sales revenues increases and good earnings growth following a streak of negative comparisons. It was noted in the 4/26/10 mid-day report after the company announced pricing of an offering of 5 million shares near all-time highs to raise funds to acquire Tommy Hilfiger brand. Its annual earnings (A criteria) history showed a downturn in FY '09 and FY '10, making it not meet the guidelines of the fact-based system.
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REV - NYSE - CONSUMER NON-DURABLES - Personal Products Revlon Inc	$18.96	-0.23 -1.20%	$19.33	$19.33	-1.91%	66,509 68.42%	97,200
Most Recent Note for REV - 7/15/2011 1:28:32 PM Still perched at its 52-week high today after a recent spurt of volume-driven gains. Prior mid-day reports have noted - "Sales and earnings history has not been strong and steady enough to meet the investment system guidelines."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$26.45	+0.18 0.69%	$26.91	$27.00	-2.04%	107,876 62.57%	172,400
Most Recent Note for TCBI - 7/15/2011 1:30:19 PM Churning above average volume without making meaningful price progress after touching a new 52-week high last week following an orderly 14-week saucer shaped base. Prior mid-day reports noted - "Reported earnings +48% on +9% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarters showed better sales and earnings increases versus the year earlier. 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. It survived but failed to impress since last noted in the 2/07/05 mid-day report."
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