Mid-Day Breakouts Report - Monday, February 6th, 2012

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MIDDAY BREAKOUTS REPORT - MONDAY, FEBRUARY 6TH, 2012
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DOW 12825.52 -36.71 (-0.29%) | NASDAQ 2902.23 -3.43 (-0.12%) | S&P 500 1342.8 -2.1 (-0.16%)

Time of Screening : 2/6/2012 12:16:01 PM Report Released : 2/6/2012 1:14:55 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

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
MELI - NASDAQ Mercadolibre Inc	$97.09	+0.39 0.40%	$98.75	359,560 67.45% of 50 DAV 50 DAV is 533,100	$98.75 -1.68%	2/6/2012	$97.09	PP = $95.58 MB = $100.36
Most Recent Note - 2/6/2012 12:58:47 PM Y - Color code is changed to yellow with new pivot point cited based on its 12/06/11 high plus 10 cents after an 8-week cup shaped base without a handle. Reversed into the red after touching a new all-time high today following 3 consecutive gains with above average volume. Technically it broke out on 2/03/12 with its volume-driven gain and strong close. Found support at its 200 DMA line and rebounded since weak action prompted it to be dropped from the Featured Stocks list on 12/30/11. >>> The latest Featured Stock Update with an annotated graph appeared on 12/30/2011. Click here.
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SWI - NYSE Solarwinds Inc	$34.66	+0.00 0.00%	$36.99	1,324,620 138.38% of 50 DAV 50 DAV is 957,200	$36.99 -6.30%	1/26/2012	$32.36	PP = $33.78 MB = $35.47
Most Recent Note - 2/6/2012 1:13:39 PM Y - Gapped up today for another new high then reversed into the red. The prior session's gain with nearly 3 times average volume triggered a technical buy signal. No resistance remains due to overhead supply. >>> The latest Featured Stock Update with an annotated graph appeared on 1/26/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABMD - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Abiomed Inc	$22.49	+1.52 7.22%	$22.49	$22.44	0.22%	439,050 130.83%	335,600
Most Recent Note for ABMD - 2/6/2012 12:19:37 PM Hit a new 52-week high with today's 5th consecutive volume-driven gain. Earnings history is not a match with the investment system's guidelines.
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$69.04	-1.26 -1.79%	$69.48	$71.22	-3.06%	687,108 152.15%	451,600
Most Recent Note for BWLD - 2/6/2012 12:23:29 PM Small gap down today after rallying to new 52-week and all-time highs with a streak of 4 consecutive gains. Tested support at its 200 DMA line recently and rallied back. Noted in prior mid-day reports - "Reported earnings +30% on +31% sales revenues for the latest quarter ended September 30, 2011 versus the year ago period. It made a stand above the "neckline" defined by its prior low after mid-day reports noted - 'It has the look of an ominous head-and-shoulders pattern formed over the past 5 months. Reported earnings +16% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. The company has a strong annual earnings history (A criteria). The C criteria has not been well satisfied by +25% earnings increases in quarterly comparisons. Blue triangles beside the quarterly earnings figure in at least the past 8 comparisons indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). The restaurant operator survived but failed to impress as it went through several long and very deep corrections since it was dropped from the CANSLIM.net Featured Stocks List on 8/15/2007.'"
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CFX - NYSE - MANUFACTURING - Diversified Machinery Colfax Corp	$33.48	+0.22 0.66%	$34.07	$34.12	-1.88%	1,149,597 128.45%	895,000
Most Recent Note for CFX - 2/6/2012 12:24:50 PM Perched near its all-time high, it formed an advanced "3-weeks tight" base pattern and held its ground at its 50 DMA line during its consolidation. Noted in prior mid-day reports - "The 3 latest quarterly comparisons through Sep '11 showed strong sales revenues and earnings increases with impressive acceleration, however the downward turn in FY '09 and FY '10 earnings (A criteria) is a concern."
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CMN - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cantel Medical Corp	$22.37	-0.60 -2.61%	$23.08	$23.51	-4.85%	48,122 57.63%	83,500
Most Recent Note for CMN - 2/6/2012 12:25:56 PM Pulling back today from the new 52-week high hit on the prior session after 4 consecutive volume-driven gains. Do not be confused by a 3:2 share split impacting prices effective 2/02/12 when reviewing. Reported earnings +21% on +30% sales revenues for the quarter ended October 31, 2011 versus the year ago period and it found support near its 50 & 200 DMA lines during its consolidation since noted in the 11/01/11 mid-day report - "Its annual earnings (the A criteria) history has been strong in recent years, however the past 6 quarterly comparisons through July '11 showed earnings increases below the +25% guideline. This Medical - Systems/Equipment firm survived but failed to impress since dropped from the Featured Stocks list on 4/15/05."
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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$45.79	-0.49 -1.06%	$46.39	$47.39	-3.38%	276,955 57.70%	480,000
Most Recent Note for CNC - 2/6/2012 12:27:08 PM Perched near its 52-week high today. Held its ground after a recent spurt of volume-driven gains, and prior mid-day reports noted - "Quarterly sales and earning increases have been up and down and its annual earnings history is also a concern, so the C & A criteria are not a match with the fact-based system's guidelines. This previously featured stock was dropped from the CANSLIM.net Featured Stocks list on 7/27/05."
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CVCO - NASDAQ - MATERIALS & CONSTRUCTION - Manufactured Housing Cavco Industries Inc	$53.16	+0.40 0.76%	$54.10	$54.11	-1.76%	24,165 91.88%	26,300
Most Recent Note for CVCO - 2/6/2012 12:30:01 PM Holding its ground today following a considerable gain on the prior session with average volume for a new 52-week high. Recent quarterly comparisons show improved sales revenues and earnings. Its prior earnings history included a loss in FY '09 and it is not a match with the fact-based investment system's guidelines.
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CVLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Commvault Systems Inc	$51.14	-1.14 -2.18%	$51.42	$52.80	-3.14%	357,441 64.91%	550,700
Most Recent Note for CVLT - 2/6/2012 12:32:07 PM Following a gap down on 2/01/12 that led to a dip below its 50 DMA line it managed a positive reversal and subsequently rose to a new 52-week high. Reported earnings +23% on +24% sales revenues for the quarter ended December 31, 2011 versus the year ago period. The Jun and Sep '11 quarters showed better than +25% increases in sales revenues and earnings, but prior comparisons showed sub par fundamentals. It had slumped below its 200 DMA line while encountering distributional pressure after wedging to new all-time highs without great volume conviction following the 6/28/11 mid-day report which noted - "Based on poor technical action it was dropped from the Featured Stocks list on 7/13/10. It has rebounded impressively since, yet its fundamental characteristics today are not a match for the fact-based system at all. Disciplined investors avoid the temptation to get in 'early' and may review earlier notes and observe that CVLT did not trigger a technical buy signal after it had been featured in the 7/06/10 mid-day report."
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EXXI - NASDAQ - Oil&Gas-U S Expl&Prod Energy Xxi Ltd	$36.84	+1.59 4.51%	$36.85	$37.20	-0.97%	936,973 106.18%	882,400
Most Recent Note for EXXI - 2/6/2012 12:33:35 PM Up for a 4th consecutive session today, rallying with above average volume within close striking distance of its 52-week high. Prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases versus the year ago period, but its annual earnings (A criteria) history has been erratic."
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GILD - NASDAQ - DRUGS - Biotechnology Gilead Sciences Inc	$55.63	+0.94 1.71%	$55.90	$55.60	0.05%	6,491,911 63.16%	10,278,700
Most Recent Note for GILD - 2/6/2012 12:35:14 PM Up again today for a new 52-week high after a considerable gap up on the prior session clinched its 7th consecutive weekly gain . Earnings increases have been below the +25% guidelines in the past 7 quarterly comparisons through Dec '11. It survived but failed to impress since weak technical action was noted and it was dropped from the Featured Stocks list on 1/22/08.
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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$118.86	+2.69 2.32%	$119.73	$120.73	-1.55%	535,633 96.16%	557,000
Most Recent Note for GOLD - 2/6/2012 12:38:11 PM Since finding support near its 50 DMA line it has wedged upward without great volume conviction to within close striking distance of its 52-week high. This UK-headquartered firm in the Mining - Gold/Silver/Gems group showed very strong sales revenues and earnings increases in the Mar, Jun, Sep, and Dec '11 quarterly comparisons much greater than the +25% minimum guideline following sub par Dec '10 quarterly results. Up and down annual earnings (A criteria) history is a concern.
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INVN - NYSE - ELECTRONICS - Scientific & Technical Instrum Invensense Inc	$18.10	+0.89 5.16%	$18.37	$18.37	-1.48%	617,068 103.90%	593,900
Most Recent Note for INVN - 2/6/2012 12:39:03 PM Touched yet another new 52-week high today. Wider than usual intra-day swings in recent weeks were noted as indicative of uncertainty. It hails from the Electronics - Semiconductor Manufacturing group which has recently shown better leadership (L criteria). Prior mid-day reports cautiously noted - "Its 11/16/11 IPO was priced at $8 per share, and the firm's limited history is a concern. "
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$50.48	+2.47 5.13%	$50.93	$50.93	-0.89%	950,274 122.49%	775,800
Most Recent Note for JAZZ - 2/6/2012 12:41:45 PM Up today with volume running at an above average pace while hitting another new all-time high. Stayed in a tight trading range in recent weeks. Multiple gains with above average volume without making meaningful price progress indicated recent distributional pressure. Prior mid-day reports noted - "Prior resistance in the $46-47 area may now act as a support level. 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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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$25.37	+0.42 1.68%	$25.42	$25.42	-0.20%	264,448 80.23%	329,600
Most Recent Note for LAD - 2/6/2012 12:46:14 PM Touched a new 52-week high with today's 4th consecutive volume-driven gain, rising from a orderly base pattern during which it found support near its 50 DMA line. It went through a deep consolidation below its 200 DMA then rebounded impressively since last noted in the 7/27/11 mid-day report - "Sales revenues and earnings showed improvement in recent quarterly comparisons, but its prior earnings history (A criteria) has not been strong and steady."
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LKFN - NASDAQ - BANKING - Regional - Midwest Banks Lakeland Financial Corp	$26.14	-0.57 -2.13%	$26.66	$27.50	-4.95%	33,095 60.95%	54,300
Most Recent Note for LKFN - 2/6/2012 12:49:10 PM Perched near its 52-week high today after finding recent support at its 50 DMA line. Found support at its 200 DMA line during an abrupt pullback from prior highs after the previously noted breakout from a 15-week cup shaped based without a handle. Last noted in the 12/16/11 mid-day report -"Sales revenues have shown no growth in recent quarterly comparisons and its prior earnings history has not met the fact-based investment system's guidelines."
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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$40.28	+0.11 0.27%	$40.96	$40.96	-1.66%	285,909 80.29%	356,100
Most Recent Note for LQDT - 2/6/2012 12:51:42 PM Up again today for a 4th consecutive gain, touching new 52-week and all-time highs. It has not formed a sound base pattern. After a gap down on 2/01/12 it managed an impressive positive reversal to close above its 50 DMA line for the first time in more than a week. Reported earnings +85% on +41% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Quarterly earnings increases have been above the +25% guideline satisfying the C criteria. Its annual earnings had a downward turn in FY '09 which has been not has been noted as a flaw concerning the A criteria.
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PEB - NYSE - Finance-Property REIT Pebblebrook Hotel Tr	$23.41	+0.05 0.21%	$23.43	$23.47	-0.26%	218,512 65.25%	334,900
Most Recent Note for PEB - 2/6/2012 12:59:43 PM Today it remains perched at its all-time high. During a prior streak of gains toward its historic highs the mid-day report noted - "This REIT that invests in hotels has an erratic earnings history."
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$8.25	-0.05 -0.60%	$8.52	$8.52	-3.17%	7,796,620 65.04%	11,987,200
Most Recent Note for PHM - 2/6/2012 1:01:48 PM It survived but failed to impress since last noted on 11/08/05 when dropped from the Featured Stocks list. Earnings history is not a match with the fact-based investment system.
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PNRA - NASDAQ - LEISURE - Specialty Eateries Panera Bread Co Cl A	$157.08	+2.12 1.37%	$158.78	$158.78	-1.07%	325,186 84.75%	383,700
Most Recent Note for PNRA - 2/6/2012 1:04:04 PM Recently wedging up with above average volume but not truly great volume conviction behind its gains while hitting new 52-week and all-time highs. The 1/17/12 mid-day report noted - "Reported earnings +29% on +22% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Its annual earnings (A criteria) history has shown steady growth since a small dip in FY '07 earnings. Sales revenues increases showed modest acceleration over the Mar, Jun, and Sep quarterly comparisons versus the year-ago period and earnings increases have been above the +25% guideline with respect to the C criteria. The stock is heavily owned (percentage-wise) by funds relative to its management's small 5% reported ownership. Top-rated funds owning an interest decreased from 482 in Mar '11 to 460 in Dec '11, which is not good news concerning the I criteria."
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$105.66	+1.27 1.22%	$105.82	$106.84	-1.10%	1,005,370 60.47%	1,662,500
Most Recent Note for PXD - 2/6/2012 1:08:58 PM Hit a new 52-week high today and no resistance remains due to overhead supply. Showed impressive earnings increases in recent quarters, however its annual earnings history has been up and down and included a loss in FY '09 (bad A criteria). Went through a deep consolidation below its 200 DMA line and completed a new Public Offering (on 11/08/11) since last noted in the 4/20/11 mid-day report.
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RGR - NYSE - CONSUMER DURABLES - Sporting Goods Sturm Ruger & Co Inc	$43.89	+1.02 2.38%	$44.37	$44.37	-1.08%	126,030 65.06%	193,700
Most Recent Note for RGR - 2/6/2012 1:09:58 PM Hit yet another new 52-week high with today's 5th consecutive gain. Reported earnings +81% on +38% sales revenues for the quarter ended September 30, 2011 versus the year ago period. It went through a long base building period including a trip well below its 50 DMA line since hitting its old high on 8/31/11 when it was noted in the mid-day report - "Earnings history is below guidelines. Extended from any sound base."
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ROP - NYSE - MANUFACTURING - Diversified Machinery Roper Industries Inc	$94.20	+0.34 0.36%	$94.35	$96.91	-2.80%	357,907 69.42%	515,600
Most Recent Note for ROP - 2/6/2012 1:10:39 PM Holding its ground since the 2/02/12 mid-day report noted - "Gapped down today, reversing from its 52-week and all-time highs hit on the prior session with a loss on heavy volume. Reported earnings +12% on +9% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior quarters showed sales and earnings improving but it was noted previously that its annual earnings (A criteria) history is below the fact-based system's guidelines."
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SAVE - NASDAQ - TRANSPORTATION - Regional Airlines Spirit Airlines Inc	$19.04	-0.17 -0.88%	$19.49	$19.49	-2.31%	390,649 75.39%	518,200
Most Recent Note for SAVE - 2/6/2012 1:11:50 PM Perched at its 52-week high today after 6 consecutive gains with above average volume. Completed a Secondary Offering on 1/20/12 and subsequent gains backed by above average volume helped it rebound above its 50 DMA line. Noted in prior mid-day reports - "Limited earnings history and trading history since its 5/26/11 IPO at $12* is a concern."*
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YUM - NYSE - LEISURE - Restaurants Yum! Brands Inc	$63.55	-0.29 -0.45%	$64.07	$64.75	-1.85%	1,994,106 59.61%	3,345,300
Most Recent Note for YUM - 2/6/2012 1:14:44 PM This Louisville, KY based fast food giant is holding its ground after inching steadily into new all-time high territory. The 1/05/12 mid-day report repeated prior fundamental concerns as it was again noted - "Sales and earnings are well below guidelines of the fact-based investment system."
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