Mid-Day Breakouts Report - Thursday, July 28th, 2016

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 28TH, 2016
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DOW 18400.26 -71.91 (-0.39%) | NASDAQ 5141.77 1.96 (0.04%) | S&P 500 2163.03 -3.55 (-0.16%)

Time of Screening : 7/28/2016 12:08:17 PM Report Released : 7/28/2016 1:22:40 PM
Price is: Above 52W High and Less Than 52W High but within 12% 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
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
FBHS - NYSE Fortune Brands Hme & Sec	$64.22	+2.46 3.98%	$64.47	1,401,466 77.43% of 50 DAV 50 DAV is 1,810,000	$62.84 2.20%	6/22/2016	$57.71	PP = $60.08 MB = $63.08
Most Recent Note - 7/28/2016 12:46:48 PM Y - Volume is running at an above average pace while hitting new highs above its "max buy" level after gapping up. Reported earnings +39% on +11% sales revenues for the Jun '16 quarter. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 7/11/2016. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$49.30	-3.28 -6.24%	$53.49	$54.96	-10.30%	178,681 146.46%	122,000
Most Recent Note for ANIK - 7/28/2016 12:10:25 PM Reported earnings +13% on +16% sales revenues, below the +25% minimum earnings guideline (C criteria). Violating its 50 DMA line with today's big volume-driven loss. Wedged to new highs with gains lacking great volume conviction after noted with caution in the 5/12/16 mid-day report - "Reported earnings +96% on +44% sales revenues for the Mar '16 quarter. Prior quarterly comparisons have not shown strong and steady sales revenues and earnings growth. Up and down annual earnings (A criteria) is a fundamental flaw."
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$24.20	+0.54 2.26%	$24.79	$24.45	-1.04%	13,710,095 127.90%	10,719,000
Most Recent Note for BSX - 7/28/2016 12:11:47 PM Reported Jun '16 quarterly earnings +23% on +15% sales revenues and hit a new 52-week high today. Fundamental concerns remain. Prior quarterly comparisons showed sub par sales revenues and earnings increases below the fact-based investment system's guidelines.
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CAB - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Cabelas Inc	$51.51	-2.32 -4.31%	$53.83	$54.84	-6.07%	781,259 125.60%	622,000
Most Recent Note for CAB - 7/28/2016 12:14:36 PM Reported earnings +5% on +11% sales revenues for the Jun '16 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). This Retail - Leisure Products firm has failed to impress since last noted with caution in the 7/17/13 mid-day report - "Below the robust revenues growth levels expected under the fact-based investment system."
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$19.52	-0.15 -0.76%	$20.28	$20.13	-3.03%	95,781 239.45%	40,000
Most Recent Note for CLFD - 7/28/2016 12:17:47 PM Matched its 52-week high today then reversed into the red. Reported earnings +14% on +19% sales revenues for the Jun '16 quarter. The 4 prior quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria). While consolidating within striking distance of its high prior mid-day reports cautioned members - "Up and down annual earnings (A criteria) history is not a match with the fact-based system's fundamental guidelines."
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CRY - NYSE - HEALTH SERVICES - Specialized Health Services Cryolife Inc	$14.30	+0.25 1.78%	$14.30	$14.25	0.35%	163,912 77.68%	211,000
Most Recent Note for CRY - 7/28/2016 12:19:08 PM Gapped up on 7/26/16 from support at its 50 DMA line, hitting new multi-year highs with big volume-driven gains. Accelerating sales revenues growth and strong earnings increases above the +25% minimum guideline (C criteria) for the 3 latest quarterly comparisons through Jun '16, however, its annual earnings (A criteria) history has been up and down, not strong and steady.
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CSGP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Costar Group Inc	$212.45	-10.26 -4.61%	$218.00	$224.79	-5.49%	166,063 112.97%	147,000
Most Recent Note for CSGP - 7/28/2016 12:26:34 PM Gapped down today testing support at its 50 DMA line, retreating after wedging to new 52-week and multi-year highs. No resistance remains due to overhead supply. Prior mid-day reports cautioned - "Quarterly and annual (C and A criteria) history are not a match with the fact-based investment system's fundamental guidelines."
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DTE - NYSE - UTILITIES - Electric Utilities D T E Energy Co	$97.30	+0.07 0.07%	$97.68	$100.45	-3.14%	694,765 80.04%	868,000
Most Recent Note for DTE - 7/28/2016 12:29:19 PM Rallied for new highs since last noted with caution in the 2/10/16 mid-day report - "This Detroit, Michigan-based Utility firm's prior earnings history has been below the fact-based investment system's guidelines (C and A criteria)."
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EFX - NYSE - DIVERSIFIED SERVICES - Business/Management Services Equifax Inc	$133.23	-2.15 -1.59%	$135.44	$136.97	-2.73%	619,750 95.20%	651,000
Most Recent Note for EFX - 7/28/2016 12:33:06 PM Churning above average volume for a 3rd consecutive session while pulling back from new all-time highs. Fundamental concerns remain after it reported earnings +24% on +20% sales revenues for the Jun '16 quarter. Undercut its 50 DMA line then found prompt support and rallied further since last noted with caution in the 6/10/16 mid-day report - "Prior comparisons were also below the +25% minimum earnings guideline (C criteria)."
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EIG - NYSE - Insurance-Prop/Cas/Titl Employers Holdings Inc	$29.33	-2.64 -8.26%	$31.56	$32.03	-8.43%	249,156 148.31%	168,000
Most Recent Note for EIG - 7/28/2016 12:35:29 PM Encountering distributional pressure as it retreats from its 52-week high, testing its 50 DMA line with today's gap down and volume-driven loss. Reported Jun '16 earnings -12% on +6% sales revenues and fundamental concerns remain. Prior mid-day reports cautioned - "Quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines."
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$125.52	+2.18 1.77%	$128.33	$125.00	0.42%	44,323,773 220.33%	20,117,000
Most Recent Note for FB - 7/28/2016 12:41:31 PM Hitting new all-time highs (N criteria) with today's 2nd consecutive volume-driven gain. Reported earnings +94% on +59% sales revenues for the Jun '16 quarter, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Impressive annual earnings history (A criteria). Large supply of shares outstanding (S criteria) and already heavily owned by 3,309 top-rated mutual funds, rather than a small supply and onl0y beginning to attract the interest of institutional investors (I criteria).
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$36.81	-3.50 -8.67%	$38.20	$41.20	-10.67%	680,978 172.84%	394,000
Most Recent Note for FN - 7/28/2016 12:50:07 PM Gapped down today, slumping back into the previously noted base and testing support near its 50 DMA line which acted as support during its ongoing ascent. Noted with caution in the 7/25/16 mid-day report - "The Dec '15 and Mar '16 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."
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GPN - NYSE - DIVERSIFIED SERVICES - Business/Management Services Global Payments Inc	$76.38	-2.05 -2.61%	$78.47	$79.93	-4.44%	1,182,181 93.01%	1,271,000
Most Recent Note for GPN - 7/28/2016 12:52:23 PM Pulling back from its 52-week high with higher volume following recent gains lacking great volume conviction. Reported earnings +14% on +6% sales revenues for the May'16 quarter and fundamental concerns remain. The 4/20/16 mid-day report last cautioned members - "Sales revenues and earnings increases in prior quarterly comparisons have not been strong and steady above the +25% minimum guideline (C criteria). It has a steady annual earnings history (A criteria)."
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GRUB - NYSE - INTERNET - Content GrubHub Inc	$38.72	+7.98 25.96%	$39.29	$36.31	6.64%	9,762,402 529.70%	1,843,000
Most Recent Note for GRUB - 7/28/2016 12:57:52 PM Gapped up today rallying toward prior highs with a considerable volume-driven gain. Reported earnings +35% on +37% sales revenues for the Jun '16 quarter, but prior quarterly earnings were below the +25% minimum guideline (C criteria). Went through a deep consolidation since last noted following a "negative reversal" in the 4/09/15 mid-day report - "Completed a new Public Offering on 9/03/14 and went through a long consolidation before showing more bullish action in recent weeks. Reported strong quarterly earnings increases through the Dec '14 quarter meeting the C criteria. Limited annual earnings (A criteria) history is a concern."
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IGT - NYSE - ELECTRONICS - Diversified Electronics Intl Game Technology	$20.27	-0.68 -3.25%	$20.88	$21.18	-4.30%	933,535 94.78%	985,000
Most Recent Note for IGT - 7/28/2016 12:59:12 PM Pulling back from a new 52-week high following a streak of 7 consecutive gain. Noted with caution in prior mid-day reports - "Faces resistance due to overhead supply up through the $24 level. Prior quarterly earnings history is not a match with the fact-based investment system's guidelines (C criteria)."
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IHC - NYSE - INSURANCE - Life Insurance Independence Holding Co	$17.16	-0.22 -1.27%	$17.38	$19.15	-10.39%	33,345 238.18%	14,000
Most Recent Note for IHC - 7/28/2016 1:01:34 PM Pulling back near its 50 DMA line and prior highs defining important near-term support. Recently rallied from an orderly base with gains backed by above average volume for new 52-week highs, but it was last noted with caution in the 6/27/16 mid-day report - "Quarterly and annual earnings and sales revenues growth history is not a match with the fact-based investment system's guidelines."
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KNL - NYSE - CONSUMER DURABLES - Electronic Equipment Knoll Inc	$24.69	-0.92 -3.59%	$25.66	$25.68	-3.86%	240,761 87.23%	276,000
Most Recent Note for KNL - 7/28/2016 1:03:38 PM Undercut its 50 DMA line then quietly rebounded near prior highs nearly challenging its 52-week high. Last noted with caution in the 6/15/16 mid-day report - "Reported earnings +44% on +7% sales for the Mar '16 quarter. Sub par sales growth remains a fundamental concern and prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) is a flaw with respect to the fact-based investment system."
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LITE - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Lumentum Holdings Inc	$29.98	-0.95 -3.07%	$30.39	$31.41	-4.55%	767,270 88.70%	865,000
Most Recent Note for LITE - 7/28/2016 1:04:34 PM Perched near its all-time high following volume-driven gains after favorable analyst coverage. Noted with caution in prior mid-day reports - "Reported earnings +191% on +16% sales revenues for the Mar '16 quarter but fundamental concerns remain. Quarterly sales and earnings history is not a match with the fact-based investment system's fundamental guidelines."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$20.08	+2.27 12.75%	$20.13	$17.84	12.56%	1,700,957 386.58%	440,000
Most Recent Note for LOGI - 7/28/2016 1:07:07 PM Gapped up today for a considerable volume-driven gain hitting new multi-year highs. Reported earnings +5% on +7% sales revenues for the Jun '16 quarter. Prior quarterly sales revenues growth has been sub par and its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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LOGM - NASDAQ - INTERNET - Internet Software & Services Logmein Inc	$84.47	+0.85 1.02%	$85.19	$86.40	-2.23%	864,276 301.14%	287,000
Most Recent Note for LOGM - 7/28/2016 1:09:21 PM Hit new 52-week and all-time highs with a big "breakaway gap" on the prior session. The 7/27/16 mid-day report cautioned members - "Reported earnings +40% on +20% sales revenues for the Jun '16 quarter but fundamental concerns remain. Its up and down annual earnings history (A criteria) is not a match with the fact-based investment system's guidelines."
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NTGR - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Netgear Inc	$51.83	+2.93 5.99%	$52.53	$50.27	3.10%	413,579 138.32%	299,000
Most Recent Note for NTGR - 7/28/2016 1:12:16 PM Hitting new 52-week and all-time highs with today's volume-driven gain. Reported earnings +148% on +8% sales revenues for the Jun '16 quarter. Prior earnings (A criteria) and sales revenues growth history is not a match with the fact-based investment system's guidelines.
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$59.76	-3.04 -4.84%	$60.54	$63.25	-5.52%	394,704 142.49%	277,000
Most Recent Note for OTEX - 7/28/2016 1:14:05 PM Reported earnings +2% on +0% sales revenues for the Jun '16 quarter. Gapped down today testing its 50 DMA line ($59.44). That important short-term average acted as support during its consolidation since noted with caution in the 6/21/16 mid-day report - "Reported earnings +21% on -2% sales revenues for the Mar '16 quarter and fundamental concerns remain, Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 2/02/15."
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$21.88	-0.23 -1.04%	$22.10	$22.40	-2.33%	4,267,153 90.21%	4,730,000
Most Recent Note for PHM - 7/28/2016 1:15:03 PM Recently rallied near 52-week and multi-year highs with a streak of volume-driven gains. Prior mid-day reports cautioned members - "It may be an interesting turnaround story, but fundamentals are not a match with the fact-based investment system's guidelines. It survived but failed to impress since 11/08/05 when dropped from the Featured Stocks list."
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ROCK - NASDAQ - METALS & MINING - Steel & Iron Gibraltar Industries Inc	$34.48	-1.21 -3.39%	$35.35	$36.60	-5.79%	329,174 142.50%	231,000
Most Recent Note for ROCK - 7/28/2016 1:16:55 PM Rebounded from early lows following a gap down today. Reported Jun '16 earnings +84% on +4% sales revenues. Prior mid-day reports cautioned members - "Fundamental concerns remain. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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SPB - NYSE - Consumer Prod-Specialty Spectrum Brands Hldgs	$125.25	+6.75 5.69%	$125.80	$122.52	2.22%	405,061 139.68%	290,000
Most Recent Note for SPB - 7/28/2016 1:18:36 PM Gapped up and rallied to a new 52-week high today. Found prompt support after undercutting its 50 DMA line recently. Reported earnings +22% on +6% sales revenues for the Jun '16 quarter. Fundamental concerns remain since noted with caution in the 4/28/16 mid-day report - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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SRDX - NASDAQ - CHEMICALS - Specialty Chemicals Surmodics Inc	$26.57	+1.39 5.52%	$26.84	$27.68	-4.01%	70,042 111.18%	63,000
Most Recent Note for SRDX - 7/28/2016 1:19:46 PM Recently rallying near multi-year highs. Quarterly earnings increases through Jun '16 have not been strong and steady above the +25% minimum guideline (C criteria).
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TXRH - NASDAQ - LEISURE - Restaurants Texas Roadhouse Inc	$47.39	+1.45 3.15%	$47.48	$49.00	-3.30%	536,543 80.44%	667,000
Most Recent Note for TXRH - 7/28/2016 1:22:38 PM Found support after testing its 50 DMA line with a gap down on 7/26/16 while abruptly retreating from new 52-week and all-time highs. Reported earnings +20% on +12% sales revenues for the Mar '16 quarter. Fundamental concerns remain, and prior mid-day reports repeatedly cautioned members - "Prior quarterly comparisons showed earnings increases below the +25%* minimum guideline (C criteria)."*
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