Mid-Day Breakouts Report - Monday, January 9th, 2012

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MIDDAY BREAKOUTS REPORT - MONDAY, JANUARY 9TH, 2012
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DOW 12374.72 14.8 (0.12%) | NASDAQ 2675.93 1.71 (0.06%) | S&P 500 1278.96 1.15 (0.09%)

Time of Screening : 1/9/2012 12:11:13 PM Report Released : 1/9/2012 1:33:42 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
ALXN - NASDAQ Alexion Pharmaceuticals	$74.82	+0.37 0.50%	$76.20	774,834 65.88% of 50 DAV 50 DAV is 1,176,100	$76.20 -1.81%	11/30/2011	$68.66	PP = $70.52 MB = $74.05
Most Recent Note - 1/9/2012 12:25:45 PM G - Color code is changed to green after rallying beyond its "max buy" level for new all-time highs today with volume running at an above average pace for a 3rd consecutive session. The prior gain above its pivot point had +53% above average volume, meeting the investment system guidelines for a technical buy signal. Its 50 DMA line defines near-term support above prior lows in the $62 area. >>> The latest Featured Stock Update with an annotated graph appeared on 12/12/2011. Click here.
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CELG - NASDAQ Celgene Corp	$68.45	+1.23 1.83%	$68.85	3,896,535 116.05% of 50 DAV 50 DAV is 3,357,700	$69.26 -1.17%	12/20/2011	$66.68	PP = $68.35 MB = $71.77
Most Recent Note - 1/9/2012 12:43:28 PM Y - Powering higher with above average volume today, near its 52-week high and within striking distance of its best-ever close. Volume-driven gains above the pivot point cited may help to confirm a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2011. Click here.
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ISRG - NASDAQ Intuitive Surgical Inc	$450.55	-9.91 -2.15%	$459.76	222,324 72.80% of 50 DAV 50 DAV is 305,400	$474.50 -5.05%	12/20/2011	$442.43	PP = $449.16 MB = $471.62
Most Recent Note - 1/9/2012 1:10:28 PM Y - Pulling back again today, enduring mild distributional pressure while churning near its all-time high. Previously noted, "Recent gains above its pivot point have lacked the volume needed to trigger a proper new (or add-on) technical buy signal. Important support is defined by its 50 DMA line." >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2011. Click here.
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OSIS - NASDAQ O S I Systems Inc	$50.64	+0.77 1.54%	$51.06	105,935 98.91% of 50 DAV 50 DAV is 107,100	$51.06 -0.82%	11/1/2011	$42.07	PP = $45.57 MB = $47.85
Most Recent Note - 1/9/2012 1:17:41 PM G - Wedging higher again with today's 5th consecutive small gain, getting extended from its prior base. Its 50 DMA line and recent chart lows near $45 define important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2011. Click here.
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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	$423.50	+1.10 0.26%	$427.75	$427.75	-0.99%	7,713,465 59.70%	12,920,100
Most Recent Note for AAPL - 1/9/2012 12:18:35 PM Quietly wedging to new 52-week and all-time highs today, rising from a 12-week saucer shaped base while on track for a 5th consecutive small gain without great volume conviction. Found support at its 200 DMA line and gradually rebounded since dropped from the Featured Stocks list on 11/18/11.
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ALOG - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Analogic Corp	$59.06	+0.33 0.56%	$59.40	$59.40	-0.57%	37,500 60.88%	61,600
Most Recent Note for ALOG - 1/9/2012 12:21:06 PM Inching to new 52-week high territory after a 9-month reverse-head-and-shoulders base pattern. Earnings history is not a match with the fact-based system's guidelines.
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AMSWA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software American Software Inc A	$9.56	-0.14 -1.44%	$9.78	$9.78	-2.25%	65,391 67.97%	96,200
Most Recent Note for AMSWA - 1/9/2012 12:26:44 PM Inching to new 52-week high territory, it has been repeatedly noted in prior mid-day reports - "No overhead supply remains to act as resistance. Reported earnings +71% on +22% sales for the quarter ended October 31, 2011 versus the year ago period. Found support near its 50 and 200 DMA lines when consolidating since noted in the 11/11/11 mid-day report - 'The 2 latest quarterly comparisons (Apr and Jul '11) showed better sales revenues and earnings increases but prior quarters and its annual earnings (A criteria) history fall short of the fact-based investment system's guidelines. Low-priced stocks are considered riskier candidates and typically should be avoided unless all key criteria are solidly satisfied.'"
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ARII - NASDAQ - TRANSPORTATION - Railroads American Railcar Inds	$28.43	+1.47 5.45%	$28.49	$28.74	-1.08%	68,554 84.32%	81,300
Most Recent Note for ARII - 1/9/2012 12:30:08 PM Earnings history has been erratic, not a match with the investment system's guidelines. Challenging its 52-week high today after breaking out from a reverse-head-and-shoulders pattern on the prior session.
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ATLS - NYSE - ENERGY - Oil & Gas Drilling & Explorati Atlas Energy Lp	$27.28	+0.43 1.60%	$27.68	$27.68	-1.45%	238,035 72.73%	327,300
Most Recent Note for ATLS - 1/9/2012 12:32:48 PM Making a 3rd mid-day report appearance of the New Year and inching to new 52-week high territory with today's 10th consecutive small gain from support at its 50 DMA line. Prior mid-day reports noted - "Its annual earnings history (A criteria) has been erratic and below the fact-based system's guidelines. It survived but failed to impress since last noted in the 4/11/08 mid-day report."
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BEAV - NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services B/E Aerospace Inc	$40.82	+1.03 2.59%	$41.00	$42.85	-4.74%	567,418 66.50%	853,200
Most Recent Note for BEAV - 1/9/2012 12:38:15 PM Today's 5th consecutive gain has it approaching its 52-week high. Since last noted in the 7/26/11 mid-day report after rallying above prior resistance in the $39-40 area, it subsequently went through a deep correction below its 50 & 200 DMA lines. Reported +56% earnings on +28% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Prior reports noted - "Recent quarterly comparisons showed sales revenues and earnings increases sequentially accelerating, but a downturn in FY '09 earnings is a flaw with respect to the A criteria of the investment system."
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CBM - NYSE - CHEMICALS - Specialty Chemicals Cambrex Corp	$7.71	-0.19 -2.41%	$7.95	$7.99	-3.50%	222,983 83.89%	265,800
Most Recent Note for CBM - 1/9/2012 12:39:50 PM Holding its ground today after spiking to a new 52-week high with a volume-driven gain on the prior session. This low-priced Medical - Products firm steadily worked its way higher with above average volume behind its small gains, while repeatedly noted in prior mid-day reports- "Sales revenues increases showed modest acceleration in recent quarterly comparisons while earnings improved. Annual earnings (A criteria) history has not been strong and steady. Low-priced stocks are discouraged from consideration as buy candidates under the fact-based system unless all key criteria are solidly satisfied."
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$336.98	-11.97 -3.43%	$349.49	$352.63	-4.44%	436,459 80.25%	543,900
Most Recent Note for CMG - 1/9/2012 12:45:29 PM No resistance remains due to overhead supply, yet it is pulling back today with volume picking up from the prior session total. Prior mid-day reports noted while inching to new all-time highs - "Recently wedging higher without great volume conviction behind its gains. Found support above its 200 DMA while consolidating since noted in the 10/31/11 mid-day report - 'Reported earnings +25% on +24% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Found support well above its 200 DMA line during its consolidation since fundamental concerns prompted it to be dropped from the Featured Stocks list on 8/02/11. Reported earnings per share +12% on +22% sales revenues for the quarter ended June 30, 2011 versus the year ago period, marking its 2nd consecutive quarterly comparison with earnings below the +25% guideline. To satisfy the C criteria a company should show earnings increases above +25% in the past 3 or 4 quarterly comparisons or show impressive sequential acceleration in recent earnings increases, rather than being up and down with results that are lackluster and only borderline with the minimum guideline.'"
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EQIX - NASDAQ - Finance-Property REIT Equinix Inc	$106.75	+1.83 1.74%	$107.34	$107.50	-0.70%	384,093 57.75%	665,100
Most Recent Note for EQIX - 1/9/2012 12:49:47 PM Today's gain has it challenging its 52-week high hit on the session before it was last noted in the 7/29/11 mid-day report - "Churning heavy volume this week while challenging multi-year highs. Earnings history has been erratic. Showing solid quarterly sales revenues increases. Ownership by top rated funds fell from 746 in Sep '10 to 579 in June '11. There are fundamental concerns due to pre-tax, non-recurring items included in the past 8 quarterly reports. This is indicated by blue triangles in the earnings per share box on the chart service used by CANSLIM.net experts."
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Faro Technologies Inc	$47.93	+0.92 1.95%	$47.96	$49.89	-3.94%	52,990 69.82%	75,900
Most Recent Note for FARO - 1/9/2012 12:51:57 PM Hovering -3.2% off its 52-week high today, consolidating above support at its 50 DMA line. Last noted in the 12/20/11 mid-day report - "Reported earnings +171% on +43% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Fundamentals do not meet guidelines of the fact-based investment system, especially after a loss in FY '09. It was noted 10/30/07 -'Questionable annual earnings history (not a strong A).'"
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FUL - NYSE - CHEMICALS - Specialty Chemicals Fuller H B Co	$23.88	+0.18 0.76%	$24.09	$25.41	-6.02%	223,715 62.56%	357,600
Most Recent Note for FUL - 1/9/2012 12:53:25 PM Holding its ground and churning heavy volume since last noted in the 1/03/12 mid-day report - "Perched within striking distance of its 52-week high. The May and August '11 quarters showed improved sales revenues and earnings increases but the prior quarterly and annual earnings history has been below the fact-based investment system's guidelines."
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$28.47	+0.82 2.97%	$28.70	$29.06	-2.03%	165,746 69.47%	238,600
Most Recent Note for GNRC - 1/9/2012 12:56:08 PM Stubbornly holding its ground in a tight trading range since last noted in the 12/16/11 mid-day report - "Found support above prior highs and its 50 DMA line when consolidating since rallying above prior resistance in the $21 area. Sales and earnings increases in the Sep '11 quarter improved, but its prior history has been below the fact-based investment system's guidelines."
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$626.47	-23.55 -3.62%	$647.00	$670.25	-6.53%	3,074,462 110.11%	2,792,200
Most Recent Note for GOOG - 1/9/2012 1:05:54 PM Technically it has not triggered any recent buy signals from any sound base pattern and it gapped down today for a considerable loss. Based on weak technical action it was dropped from the Featured Stocks list on 1/16/08, and its fundamentals subsequently turned south while it went through a deep correction. However, 3 of the 4 latest quarterly comparisons through September '11 have shown better sales revenues and earnings increases above the +25% minimum guideline and its annual earnings history remains strong, making it a good match concerning the C and A criteria.
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$46.71	+1.32 2.91%	$46.89	$47.88	-2.44%	544,883 78.06%	698,000
Most Recent Note for JAZZ - 1/9/2012 1:14:25 PM Following a considerable gap up gain on the prior session today's 4th consecutive volume-driven gain has it probing new high territory above previous resistance in the $46-47 area. Poor technical action prompted it to be dropped from the Featured Stocks list on 10/03/11, and it subsequently found support near its 200 DMA line during its deep consolidation. Its annual earnings (A criteria) history is limited, however quarterly comparisons have shown strong sales revenues and earnings (good C criteria) increases and its FY '10 earnings followed losses in prior years.
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OZRK - NASDAQ - BANKING - Regional - Southeast Banks Bank Of The Ozarks Inc	$30.69	+0.31 1.02%	$30.95	$30.95	-0.84%	216,808 84.72%	255,900
Most Recent Note for OZRK - 1/9/2012 1:19:55 PM Perched near its 52-week high. It went through a deep correction below its 50 & 200 DMA lines then rebounded impressively since last noted in the 7/13/11 mid-day report - "Annual earnings (A criteria) has been mostly slow and steady. Recent quarterly comparisons showed better than +25%* earnings increases while sales revenues growth was not strong and consistent."*
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RAVN - NASDAQ - ELECTRONICS - Printed Circuit Boards Raven Industries	$68.80	+2.44 3.68%	$69.20	$69.30	-0.72%	153,059 269.47%	56,800
Most Recent Note for RAVN - 1/9/2012 1:24:36 PM Churning into new 52-week and all-time high territory with today's 5th consecutive gain. The latest quarter ended October 31, 2011 showed -3% earnings (bad C criteria) with +9% sales revenues versus the year ago period. A downward turn in FY '10 earnings is a flaw with respect to the annual earnings history (A criteria) guidelines.
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$32.17	+0.40 1.26%	$32.50	$32.50	-1.02%	244,896 69.16%	354,100
Most Recent Note for TCBI - 1/9/2012 1:27:17 PM Today it touched another new 52-week high. Found support at its 50 DMA line on pullbacks then rallied higher since noted in the 10/28/11 mid-day report - "No overhead supply remains to hinder its progress. Rebounded from a slump below its 50 and 200 DMA lines while consolidating since noted in the 7/25/11 mid-day report following a 'breakaway gap' for a new 52-week high. Reported earnings +124% on +13% sales revenues for the quarter ended September 30, 2011. Recent quarters showed strong earnings increases versus the year earlier that satisfy the C criteria. Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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TISI - NYSE - DIVERSIFIED SERVICES - Technical Services Team Inc	$30.20	+0.25 0.83%	$30.39	$31.00	-2.58%	137,292 134.07%	102,400
Most Recent Note for TISI - 1/9/2012 1:28:54 PM Hovering near its 52-week high, holding its ground following a recent streak of 5 consecutive small gains. Reported earnings +23% on +19% sales for the quarter ended November 30, 2011 versus the year ago period. Prior mid-day reports noted - "Recent quarterly comparisons showed improving sales revenues and earnings increases. A downturn in FY '10 earnings is a flaw with respect to the A criteria. Fundamentals are below guidelines now. Based on weak action it was dropped from the Featured Stocks list on 10/03/08."
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TRGP - NYSE - ENERGY - Oil & Gas Refining & Marketing Targa Resources Corp	$39.63	-1.16 -2.84%	$40.42	$41.75	-5.08%	242,691 112.72%	215,300
Most Recent Note for TRGP - 1/9/2012 1:30:13 PM Gapped down today, pulling back from the 52-week high hit last week. Prior mid-day reports repeatedly noted - "It found support above its 50 and 200 DMA lines when recently consolidating. The June and September quarters showed improving sales revenues and earnings increases but its prior earnings history is not a match with the investment system's guidelines."
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UAN - NYSE - Agricultural Chemicals C V R Partners Lp	$28.53	+0.90 3.26%	$29.06	$29.06	-1.82%	363,134 153.35%	236,800
Most Recent Note for UAN - 1/9/2012 1:31:47 PM Hitting another new 52-week high today. Repeatedly noted in prior mid-day reports during a streak of 9 consecutive gains with ever-increasing volume - "Limited history is a concern and its choppy consolidation in recent months is not a sound base pattern after rallying considerably from its 4/08/11 IPO priced at $16. Quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria."
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VOXX - NASDAQ - WHOLESALE - Electronics Wholesale Voxx Intl Corp Cl A	$8.98	+0.06 0.67%	$9.39	$9.39	-4.37%	75,292 83.10%	90,600
Most Recent Note for VOXX - 1/9/2012 1:33:23 PM Hit a new 52-week high today. Last noted in the 12/23/11 mid-day report - "Recent quarterly comparisons showed sales revenues and earnings increases improving but its prior earnings history has been erratic and not a good match with the fact-based investment system's guidelines."
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