Mid-Day Breakouts Report - Friday, July 20th, 2012

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 20TH, 2012
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DOW 12826.89 -116.7 (-0.90%) | NASDAQ 2932.59 -33.31 (-1.12%) | S&P 500 1364.08 -12.43 (-0.90%)

Time of Screening : 7/20/2012 11:52:04 AM Report Released : 7/20/2012 1:48:10 PM
Price is: Above 52W High and Less Than 52W High but within 7% 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
CFNL - NASDAQ Cardinal Financial Corp	$12.85	-0.15 -1.15%	$12.98	64,882 85.04% of 50 DAV 50 DAV is 76,300	$13.21 -2.73%	7/20/2012	$12.85	PP = $12.41 MB = $13.03
Most Recent Note - 7/20/2012 12:35:33 PM Y - It has earned high ranks and matches favorably with the C and A criteria. Recently wedging into new high territory with gains lacking great volume conviction. Careful investors may consider a tactic they teach in the Certification called "pyramiding" to let market action dictate buying efforts. It made only limited progress since clearing prior highs weeks ago with gains backed by slightly above average volume. 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
ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$33.34	+1.64 5.17%	$33.77	$35.56	-6.24%	2,159,642 182.22%	1,185,200
Most Recent Note for ALGN - 7/20/2012 12:00:23 PM Rallying back above its 50 DMA line today with a 2nd consecutive volume-driven gain. It has not formed a sound base pattern. Little resistance remains due to overhead supply. Earnings rose +70% on +21% sales revenues for the quarter ended June 30, 2012 versus the year ago period, marking a 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been good following a downturn in FY '08. Patient and disciplined investors may watch for a proper base to form while it continues consolidating.
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ATHN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Athenahealth Inc	$96.45	+9.27 10.63%	$96.50	$97.07	-0.64%	1,149,562 240.65%	477,700
Most Recent Note for ATHN - 7/20/2012 12:05:58 PM Reported earnings +9% on +33% sales revenues for the quarter ended June 30, 2012 versus the prior session. Earnings were also below the +25% guideline int the 2 prior quarterly comparisons. Despite sub par fundamentals it rebounded impressively from deeper lows after dropped from the Featured Stock on 10/03/11. Today's gain has it hitting a new 52-week and all-time high.
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$26.69	-0.06 -0.22%	$26.83	$27.54	-3.09%	595,761 120.97%	492,500
Most Recent Note for BGS - 7/20/2012 12:12:24 PM Rebounded and rallied into positive territory today after early weakness tested support near its 50 DMA line. Perched near its 52-week high while building on a 5-week base above prior highs. No overhead supply remains to act as resistance. Reported earnings +27% on +15% sales revenues for the quarter ended Jun 30, 2012 versus the year ago period. 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 only quarterly comparison with earnings below the +25% minimum guideline in years. 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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CNO - NYSE - INSURANCE - Accident & Health Insurance C N O Financial Group	$7.79	-0.23 -2.87%	$7.98	$8.36	-6.82%	1,135,606 71.49%	1,588,500
Most Recent Note for CNO - 7/20/2012 12:38:07 PM Pulling back after quietly touching a new 52-week high this week. Quarterly and annual earnings history are 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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EAT - NYSE - LEISURE - Restaurants Brinker International	$32.28	-1.54 -4.55%	$33.26	$33.98	-5.00%	964,907 66.43%	1,452,500
Most Recent Note for EAT - 7/20/2012 12:45:00 PM Gapped down today, retreating from a new 52-week high hit on the prior session and sinking toward support at its 50 DMA line. It recently wedged from a base-on-base type pattern formed following a considerable "breakaway gap" on 4/23/12 since it was last noted in the 3/08/12 mid-day report - "Sales history is below guidelines. Quarterly sales should be up +18-25%* or more or accelerating impressively."*
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$44.12	+0.17 0.39%	$44.60	$44.60	-1.08%	9,171,290 68.29%	13,429,200
Most Recent Note for EBAY - 7/20/2012 12:49:22 PM Edging higher today, adding to the prior session's gap up gain and hitting new 52-week highs. It quickly rebounded from below its 50 DMA line after finding support above previously noted 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. Reported earnings +17% on +23% sales revenues for the Jun '12 quarter. Prior mid-day reports 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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EW - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Edwards Lifesciences Cp	$102.64	-0.18 -0.18%	$105.00	$105.00	-2.25%	773,336 76.61%	1,009,500
Most Recent Note for EW - 7/20/2012 12:50:19 PM Reversed into the red after early gains today touched new 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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HAIN - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Hain Celestial Group	$54.58	-2.10 -3.71%	$56.00	$58.31	-6.40%	456,541 72.70%	628,000
Most Recent Note for HAIN - 7/20/2012 12:52:01 PM Gapped down today, retreating to its 50 DMA line from a new 52-week high it quietly touched this week. 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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HOMB - NASDAQ - BANKING - Regional - Southeast Banks Home Bancshares Inc	$29.80	-0.20 -0.67%	$30.16	$31.68	-5.93%	72,216 113.01%	63,900
Most Recent Note for HOMB - 7/20/2012 12:56:10 PM Reported earnings +22% on +7% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Technically, it pulled back near prior highs and its 50 DMA line defining support. Noted in prior mid-day reports - "Lackluster sales revenues growth is a concern."
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NCR - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service N C R Corp	$23.41	-1.03 -4.21%	$24.50	$25.00	-6.36%	1,924,295 134.10%	1,435,000
Most Recent Note for NCR - 7/20/2012 1:04:55 PM Pulling back today with above average volume following a "negative reversal" after touching a new 52-week high on the prior session. Volume-driven gains included a recent gap up as it broke out from a noted cup-with-handle base pattern. Reported earnings +25% on +11% sales revenues for the quarter ended June 30, 2012 versus the year ago prior. This marks its 2nd quarter with an earnings increase above the +25% minimum guideline, improving from sub par earnings increases in the 2 prior quarterly comparisons (Sep and Dec '11). Annual earnings (A criteria) history has been up and down and included a downturn in FY '09.
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$23.07	+1.14 5.20%	$23.07	$23.36	-1.24%	164,655 64.09%	256,900
Most Recent Note for NTCT - 7/20/2012 1:06:59 PM Hitting a new 52-week high today with another considerable volume-driven gain after gapping up from support at its 200 DMA line. Faces additional resistance due to overhead supply up through the $27 level. Reported earnings +46% on +21% sales revenues for the quarter ended June 30, 2012 versus the year ago period, its 2nd consecutive quarter with earnings above the +25% minimum guideline after 3 sub par comparisons. It encountered stubborn resistance in the $22 area in recent months. Prior mid-day reports noted - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$147.11	-1.27 -0.86%	$147.67	$152.31	-3.41%	295,744 65.04%	454,700
Most Recent Note for NVO - 7/20/2012 1:08:35 PM Rebounded above its 50 DMA line in recent weeks and it is now consolidating in a tight trading range for the past few weeks, today perched only -3.3% off its all-time high. Its 3 latest quarterly comparisons through Mar '12 had earnings increases below the +25% guideline (not meeting the C criteria). It went through a deep consolidation below its 200 DMA line then rebounded since noted in the 7/28/11 mid-day report. - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 204 in Mar '11, a reassuring sign concerning the I criteria."
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PRGO - NYSE - DRUGS - Drug Related Products Perrigo Co Plc	$113.48	-1.28 -1.12%	$114.10	$119.29	-4.87%	463,649 68.74%	674,500
Most Recent Note for PRGO - 7/20/2012 1:18:42 PM Consolidating for a few weeks after rallying into higher territory since last noted in the 6/14/12 mid-day report while hitting new 52-week and all-time highs. Prior highs in the $108 area and its 50 DMA line define chart support while it may be forming a base-on-base pattern, but it needs more time to build a new base of sufficient length. It has proven resilient since dropped from the Featured Stocks list on 2/13/12 when noted - "Reported earnings +14% on +17% sales revenues for the quarter ended December 31, 2011 versus the year ago period, raising fundamental concerns with earnings below the +25% minimum guideline."
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RNET - NASDAQ - Telecom-Infrastructure Rignet Inc	$18.56	-0.20 -1.04%	$18.65	$19.49	-4.80%	36,672 67.79%	54,100
Most Recent Note for RNET - 7/20/2012 1:19:57 PM Pulling back today for a 3rd consecutive loss. The 7/18/12 mid-day report noted - "Recently wedged to new 52-week highs with gains lacking volume conviction. Earnings history is not a match with the C and A criteria."
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$131.75	-0.68 -0.51%	$132.97	$133.97	-1.66%	883,458 57.87%	1,526,600
Most Recent Note for SHW - 7/20/2012 1:21:38 PM Holding its ground today following a "positive reversal" on the prior session after dipping under its 50 DMA line but overcoming distributional pressure. During a recent consolidation it found support above its 50 DMA line. Earnings increases were above the +25% minimum guideline in the 2 last quarterly comparisons through Jun '12. Prior mid-day reports 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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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$56.55	+1.73 3.16%	$57.73	$58.87	-3.94%	238,471 64.04%	372,400
Most Recent Note for SSYS - 7/20/2012 1:29:18 PM Perched near its 52-week high today, holding its ground following considerable volume-driven gains while it again rebounded from below its 50 DMA line and broke out. Due to report earnings on 8/01/12 for the latest quarter ended Jun 30, 2012. Prior mid-day reports in July have repeatedly noted - "Quarterly earnings increases above the +25% guideline in the 3 most recent comparisons satisfy the C criteria. A downward turn in its FY '09 earnings is an obvious flaw with respect to the investment system's A criteria. It is an interesting turn around story with a small supply of only 20.6 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in our monthly newsletter and special reports."
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TRIP - NASDAQ - INTERNET - Internet Information Providers TripAdvisor Inc	$45.85	+0.75 1.65%	$46.40	$47.81	-4.11%	1,049,069 59.79%	1,754,700
Most Recent Note for TRIP - 7/20/2012 1:33:31 PM Held its ground above its 50 DMA line while consolidating and wedging higher with gains lacking volume conviction in recent weeks. Last noted in the 5/16/12 mid-day report shortly after a considerable gap up (5/02/12) gain for a new 52-week high - "Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."
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TXRH - NASDAQ - LEISURE - Restaurants Texas Roadhouse Inc	$18.01	-0.56 -3.02%	$18.28	$19.35	-6.93%	863,755 120.28%	718,100
Most Recent Note for TXRH - 7/20/2012 1:36:25 PM Gapped down today, trading under its 50 DMA line but up from earlier lows, encountering some distributional pressure. Last noted in the 6/08/12 mid-day report - "Fundamentals are not a match with the fact-based system's guidelines. It survived but failed to impress since noted in the 11/02/10 mid-day report - 'Sales revenues growth and earning growth has mostly been slow and steady since last noted in the 7/05/05 mid-day report.'"
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UNP - NYSE - TRANSPORTATION - Railroads Union Pacific Corp	$119.64	-3.13 -2.55%	$122.35	$123.56	-3.17%	1,741,945 66.02%	2,638,600
Most Recent Note for UNP - 7/20/2012 1:38:16 PM Pulling back today, abruptly retreating from the new 52-week and all-time highs hit on the prior session. No resistance remains due to overhead supply. The 7/19/12 mid-day report noted - "Reported earnings +32% on +7% sales revenues for the quarter ended June 30, 2012 versus the year ago period, marking a 3rd consecutive quarter with earnings above the +25% minimum guideline. This Transportation - Rail firm's prior quarterly comparisons showed earnings increases below the +25% guideline and its annual earnings (A criteria) history had a downturn in FY '09."
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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Ultratech Inc	$33.36	-0.35 -1.04%	$34.19	$34.19	-2.43%	180,390 101.23%	178,200
Most Recent Note for UTEK - 7/20/2012 1:41:14 PM Reversed into the red after early gains today following a strong finish and technical breakout on the prior session, hitting a new 52-week high. Recently rebounded from a slump below its 50 DMA line. Reported earnings +14% on +10% sales revenues for the quarter ended June 30, 2012. It has been consolidating in an orderly fashion, building a new flat base pattern. It was noted in the 4/20/12 mid-day report after breaking out of a sound base pattern and clearing prior highs in the $30 area with a volume-driven gain - "Faces limited resistance due to overhead supply while now challenging its 52-week high. Quarterly comparisons through Mar '12 show sales revenues and earnings increases decelerating, and its prior history included a drastic downturn in FY '09 which is a flaw concerning the A criteria of the fact-based system."
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VRSN - NASDAQ - INTERNET - Internet Software & Services Verisign Inc	$43.77	-0.23 -0.52%	$43.99	$45.10	-2.95%	1,313,835 67.59%	1,943,900
Most Recent Note for VRSN - 7/20/2012 1:43:06 PM Perched near its 52-week high, consolidating above prior highs in the $43 area after recently encountering distributional pressure. It had rebounded to new highs after slumping below its 50 DMA line since noted in the 4/27/12 mid-day report - "Recent quarterly comparisons show strong earnings increases, but its annual earnings (A criteria) history has been up and down and is not a match with the investment system's guidelines."
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WAL - NYSE - BANKING - Regional - Pacific Banks Western Alliance Bancorp	$9.00	-0.25 -2.72%	$9.51	$9.60	-6.27%	198,276 70.51%	281,200
Most Recent Note for WAL - 7/20/2012 1:45:00 PM Pulling back with higher volume today, retreating after touching a new 52-week high this week. Found support above prior highs after recently rallying from an orderly base, but it undercut prior lows and is slumping near its 50 DMA line now. Reported earnings +200% on +6% sales revenues for the latest quarter ended March 31, 2012 versus the year ago period. During April it was noted in several mid-day reports - "Quarterly and annual earnings history are not a match with the fact-based investment system's guidelines."
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WTFC - NASDAQ - BANKING - Regional - Midwest Banks Wintrust Financial Corp	$37.00	+0.19 0.52%	$37.91	$37.91	-2.40%	364,903 169.41%	215,400
Most Recent Note for WTFC - 7/20/2012 1:47:55 PM Touched a new 52-week high earlier today while on track for a 6th consecutive gain. Recent quarterly earnings increases have been above the +25% minimum guideline (C criteria) however sales revenues growth has not been strong and its annual earnings (A criteria) history included a downturn in FY '10 and has been up and down.
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