Mid-Day Breakouts Report - Monday, July 23rd, 2012

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MIDDAY BREAKOUTS REPORT - MONDAY, JULY 23RD, 2012
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DOW 12676.88 -145.69 (-1.14%) | NASDAQ 2880.91 -44.39 (-1.52%) | S&P 500 1344.67 -17.99 (-1.32%)

Time of Screening : 7/23/2012 12:07:16 PM Report Released : 7/23/2012 1:05:27 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

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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$597.53	-6.77 -1.12%	$599.62	$644.00	-7.22%	9,844,361 65.96%	14,923,700
Most Recent Note for AAPL - 7/23/2012 12:10:17 PM Due to report earnings on Tuesday, and now perched -7.3% off its all-time high. It was noted in recent mid-day reports - "Prior notes acknowledged the well-known tech leader's considerable rally since the 'breakaway gap' on 1/25/12 from an advanced '3-weeks tight' base pattern. Companies currently on the 'Featured Stocks' list are the most ideal candidates fitting the fact-based investment system's guidelines before becoming too heavily owned by the institutional crowd."
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AMSG - NASDAQ - HEALTH SERVICES - Hospitals Amsurg Corp	$30.12	-0.67 -2.18%	$30.51	$32.17	-6.37%	139,243 94.66%	147,100
Most Recent Note for AMSG - 7/23/2012 12:12:54 PM Retreating from its 52 week high today with a 2nd consecutive loss with above average volume, trading near prior highs in the $29 area that define chart support just above its 50 DMA line. The 6/08/12 mid-day report noted - "Earnings and sales revenues increases were strong in the Mar '12 quarter, but for at least 7 prior comparisons its results were sub par."
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ASH - NYSE - ENERGY - Oil & Gas Refining & Marketing Ashland Inc	$65.96	-3.35 -4.83%	$67.84	$70.30	-6.17%	579,592 75.87%	763,900
Most Recent Note for ASH - 7/23/2012 12:14:59 PM Gapped down today and slumped below its 50 DMA line. In recent weeks it hovered near its 52-week high with no resistance remaining due to overhead supply. Last noted in the 6/27/12 mid-day report - "The Dec '11 and Mar '12 quarters showed earnings increases above the +25% minimum guideline after a streak of sub par quarterly earnings increases. Annual earnings (A criteria) have improved since a downturn in FY '08."
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$28.00	+0.65 2.38%	$28.00	$28.00	0.00%	313,189 60.81%	515,000
Most Recent Note for BGS - 7/23/2012 12:17:28 PM Trading up to a new 52-week high today following a positive reversal on the prior session after finding support near its 50 DMA line. Rising from a 5-week base above prior highs and 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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BOFI - NASDAQ - BANKING - Savings & Loans B O F I Holding Inc	$20.39	-0.05 -0.24%	$20.43	$20.67	-1.35%	30,608 59.20%	51,700
Most Recent Note for BOFI - 7/23/2012 12:19:54 PM Hovering near its 52-week and all-time highs today. Wedged higher in recent weeks without great volume conviction behind gains and it stubbornly held its ground since last noted in the 6/25/12 mid-day report - "Recently held its ground in a tight trading range above its 50 DMA line. Completed a new Public Offering on 12/07/11. There are 8.8 million shares reportedly in the publicly traded float now. Quarterly and annual earnings history are not a match with the C & A criteria but it has earned high ranks."
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CYNO - NASDAQ - Medical-Systems/Equip Cynosure Inc	$21.20	-0.25 -1.17%	$21.51	$23.00	-7.83%	58,327 78.82%	74,000
Most Recent Note for CYNO - 7/23/2012 12:21:51 PM Built a cup-with-handle type base pattern while consolidating since last noted in the 5/03/12 mid-day report - "Now rebounding near its 52-week high. It survived but failed to impress since dropped from the Featured Stocks list on 11/7/07. Its Dec '11 and Mar '12 quarters showed earnings after years of losses, but while it is an interesting turn around story, the fundamentals are not a match with the fact based system's guidelines."
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$43.48	-1.37 -3.05%	$43.81	$45.48	-4.40%	10,029,435 74.01%	13,550,900
Most Recent Note for EBAY - 7/23/2012 12:28:51 PM Holding its ground since its 7/19/12 gap up gain for a new 52-week high. Quickly rebounded from below its 50 DMA line after finding support above prior highs in the $38 area. 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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EXPO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Exponent Inc	$53.13	-1.72 -3.14%	$53.80	$55.78	-4.75%	24,847 65.73%	37,800
Most Recent Note for EXPO - 7/23/2012 12:34:07 PM Gapped down today, reversing from last week's new 52-week high. Reported earnings +31% on +14% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Prior quarterly comparisons were not a match with the investment system's minimum guidelines for buy candidates. Prior mid-day report noted - "It survived but failed to impress since weak technical action was noted and it was dropped from the Featured Stocks list on 6/11/08."
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HOMB - NASDAQ - BANKING - Regional - Southeast Banks Home Bancshares Inc	$29.62	-0.22 -0.74%	$29.83	$31.68	-6.50%	50,200 76.29%	65,800
Most Recent Note for HOMB - 7/23/2012 12:36:14 PM The 7/20/12 mid-day report noted - 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. Lackluster sales revenues growth is a concern."
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KONG - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Kongzhong Corp Ads	$7.69	-0.36 -4.47%	$8.04	$8.18	-5.99%	96,586 82.69%	116,800
Most Recent Note for KONG - 7/23/2012 12:39:14 PM Pulled back to its 50 DMA line today, yet it remains perched only -5% off its 52-week high. Recently holding its ground after a spurt of volume-driven gains. Faces additional overhead supply that may act as resistance, and 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	$87.82	-1.42 -1.59%	$88.88	$96.50	-8.99%	659,510 77.73%	848,500
Most Recent Note for MLNX - 7/23/2012 12:43:55 PM It may go on to produce more climactic gains, yet it is pulling back again today, consolidating following a huge 7/19/12 gap up gain for a new high after reporting earnings +267% on +111% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Did not form a sound new base pattern, yet found prompt support after a streak of losses capped by a violation of its 50 DMA line triggered a technical sell signal. Weak action had prompted it to be dropped from the Featured Stocks list on 7/17/12.
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MON - NYSE - CHEMICALS - Specialty Chemicals Monsanto Co	$85.01	-2.51 -2.87%	$86.13	$87.77	-3.14%	2,027,081 60.00%	3,378,300
Most Recent Note for MON - 7/23/2012 12:47:18 PM It made progress since last noted in the 7/02/12 mid-day report, but it gapped down today, reversing from its 52-week high following a streak of 6 consecutive gains. Previously noted in the 8/29/11 mid-day report - "Earnings history has been erratic and below the fact-based system's guidelines. Ownership by top-rated funds fell from 2,411 in Jun '10 to 2,203 as of Mar '11. This large (534.7 million shares outstanding) agricultural firm survived but failed to impress since long ago noted in the 6/03/08 mid-day report."
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RNF - NYSE - CHEMICALS - Agricultural Chemicals Rentech Nitrogen Ptnr Lp	$28.89	-0.84 -2.83%	$29.46	$31.34	-7.82%	329,220 93.13%	353,500
Most Recent Note for RNF - 7/23/2012 12:52:35 PM Up from earlier lows today, yet pulling back on above average volume from 52-week highs hit last week. Prior mid-day reports noted as it posted gains with above average volume - "Fundamentals remain strong. Technically, it did not form a sound base pattern, yet rebounded impressively from a deep consolidation below its 50 DMA line. It was dropped from the Featured Stocks list on 5/10/12 due to damaging technical action."
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SCL - NYSE - CHEMICALS - Specialty Chemicals Stepan Co	$96.22	-1.39 -1.42%	$97.90	$98.00	-1.82%	29,286 75.09%	39,000
Most Recent Note for SCL - 7/23/2012 12:56:21 PM Pulling back today from new 52-week highs hit last week while wedging above stubborn resistance in the $92-93 area. Due to report earnings on Wednesday, July 25, 2012 before the open. 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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SQI - NASDAQ - INTERNET - Internet Software & Services Sciquest Inc	$16.75	-0.20 -1.18%	$16.93	$18.30	-8.47%	250,609 162.84%	153,900
Most Recent Note for SQI - 7/23/2012 1:02:09 PM Pulling back near its 50 DMA line today, and encountering distributional pressure in recent weeks. Rallied to nearly challenge its 52-week high after last noted in the 6/13/12 mid-day report - "Quarterly comparisons through Mar '12 showed sub par earnings increases, not a match with the fact-based investment system's guidelines. Rising from a long flat base with several gains in recent weeks backed by above average volume."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$55.58	-1.06 -1.86%	$56.70	$58.87	-5.58%	236,089 63.21%	373,500
Most Recent Note for SSYS - 7/23/2012 1:03:13 PM Still perched near its 52-week high today, up from the session's earlier lows. 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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VRSN - NASDAQ - INTERNET - Internet Software & Services Verisign Inc	$41.85	-1.34 -3.10%	$42.13	$45.10	-7.21%	1,961,226 99.43%	1,972,500
Most Recent Note for VRSN - 7/23/2012 1:05:08 PM Gapped down today near its 50 DMA line, undercutting prior highs in the $43 area. Prior mid-day reports noted - "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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