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 MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 23RD, 2012
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DOW 12983.29 44.54 (0.34%) | NASDAQ 2948.57 15.4 (0.53%) | S&P 500 1361.91 4.25 (0.31%)
Time of Screening : 2/23/2012 11:38:17 AM         Report Released : 2/23/2012 1:07:20 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
Max Buy
CTRX - NASDAQ
Catamaran Corp
$68.24 +4.71
7.41%
$68.74 665,410
199.82% of 50 DAV
50 DAV is 333,000
$68.74
-0.73%
2/23/2012 $68.24 PP = $66.05
MB = $69.35
Most Recent Note - 2/23/2012 12:58:18 PM
Y - Color code is changed to yellow with new pivot point based on its 1/19/12 high plus 10 cents. Reported earnings +71% on +162% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Gapped up today for a considerable volume-driven gain, rallying above the new pivot point cited. Recently found support above prior highs in the $60 area and its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/20/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
MELI - NASDAQ
Mercadolibre Inc
$96.68 -1.04
-1.06%
$96.78 387,820
80.23% of 50 DAV
50 DAV is 483,400
$101.84
-5.07%
2/6/2012 $97.09 PP = $95.58
MB = $100.36
Most Recent Note - 2/23/2012 12:33:20 PM
Y - Up from the early session lows today. Consolidating near 52-week and all-time high territory with no resistance remaining due to overhead supply. Its 50 DMA line ($88.23 now) defines near-term chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/6/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
TNGO - NASDAQ
Tangoe Inc
$18.70 +0.65
3.60%
$19.15 228,398
79.36% of 50 DAV
50 DAV is 287,800
$19.15
-2.35%
2/13/2012 $15.39 PP = $16.51
MB = $17.34
Most Recent Note - 2/23/2012 12:59:20 PM
G - Gain today has getting more extended from its prior base. Found support near prior highs in the $16 area during the pullback following its technical breakout last week.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ANSS - NASDAQ - Computer Sftwr-Design
Ansys Inc
$63.32 -2.69
-4.08%
$64.64 $66.21 -4.36% 741,833
272.33%
272,400
Most Recent Note for ANSS - 2/23/2012 11:42:14 AM
Gapped down today from a new all-time high hit on the prior session. Reported earnings +5% on +19% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior earnings increases had been near the +25% minimum guideline in recent quarterly comparisons and it maintained a steady annual earnings (A criteria) growth history. It survived but failed to impress since dropped from the Featured Stocks list on 9/17/09.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
$63.12 +0.64
1.02%
$63.16 $63.22 -0.16% 150,264
110.08%
136,500
Most Recent Note for ASPS - 2/23/2012 11:42:56 AM
Hitting yet another new all-time high while on track today for an 8th consecutive volume-driven gain. Found support at its 50 DMA line on its pullback after it technically broke out of a previously noted orderly base pattern. Noted in prior mid-day reports - " Quarterly earnings increases have been mostly strong and backed by solid sales revenues increases, but the -16% earnings in its Jun '11 quarter is a flaw concerning the C criteria. This Luxembourg-based Financial Services firm's small supply (S criteria) of only 16.2 million shares in the public float can contribute to greater volatility in the event of institutional buying or selling. ASPS was dropped from the Featured Stocks list on 10/07/10 then violated its 200 DMA with a streak of volume-driven losses, and it subsequently rebounded back above its 200 DMA and 50 DMA lines."

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AUY - NYSE - METALS & MINING - Gold
Yamana Gold Inc
$18.05 +0.67
3.83%
$18.07 $18.06 -0.06% 6,899,445
100.94%
6,835,200
Most Recent Note for AUY - 2/23/2012 11:47:33 AM
Reported earnings +9% on +6% sales for the quarter ended December 31, 2011 versus the year ago period, below the +25% minimum earnings guideline for buy candidates. A 3rd consecutive gain today helped it touch a new 52-week high, rising above prior resistance in the $17-18 area. Recently found support above its 50 DMA line, and prior mid-day reports noted - "Quarterly sales revenues and earnings increases in the 5 latest comparisons through Sep 30, 2011 were well above the +25% guideline satisfying the C criteria. The downturn in FY '09 earnings is a fundamental flaw concerning the A criteria. With respect to the I criteria, the number of top rated funds owning its shares rose from 799 in Jun '11 to 913 in Dec '11. It survived but failed to impress since 4/23/2008 when it was dropped from the Featured Stocks list and subsequently fell from $13 to $3 over the next 6 months. First it had traded up as much as +25.4% after it was first featured at $15.89 in the February 2008 CANSLIM.net News (read here)."
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BKE - NYSE - RETAIL - Apparel Stores
Buckle Inc
$44.38 -0.71
-1.57%
$44.80 $47.97 -7.48% 333,499
105.91%
314,900
Most Recent Note for BKE - 2/23/2012 11:50:14 AM
Consolidating within striking distance of prior highs in the $46-47 area that were a stubborn resistance level. Earnings and sales growth has remained sub par since noted in the 7/07/11 mid-day report - "Sales and earnings history is below the fact-based investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/10/08. Traded up as much as +37.15% after first featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here)."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Blackbaud Inc
$32.48 +0.48
1.50%
$32.96 $32.96 -1.46% 488,505
270.19%
180,800
Most Recent Note for BLKB - 2/23/2012 11:52:36 AM
Reported earnings +8% on +11% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior mid-day reports noted - "Its earnings and sales history remain below guidelines, leaving fundamental concerns."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CACC - NASDAQ - FINANCIAL SERVICES - Credit Services
Credit Acceptance Corp
$100.03 +2.58
2.65%
$100.75 $100.75 -0.71% 20,177
80.07%
25,200
Most Recent Note for CACC - 2/23/2012 12:00:33 PM
Recently wedging to new 52-week and all-time highs with gains lacking great volume conviction since its big gap up gain on 2/03/12. Quarterly and annual earnings history has been strong and satisfies the C & A criteria, however the 3 recent quarters' earnings increases, sequentially, decelerated to the minimum +25% level in the Dec '11 comparison. Rebounded from a deep consolidation below its 200 DMA line since noted 8/05/11 - "Based on weak action it will be dropped from the Featured Stocks list tonight."
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati
Continental Res Inc
$95.50 +2.93
3.17%
$97.19 $97.19 -1.74% 1,543,681
117.68%
1,311,800
Most Recent Note for CLR - 2/23/2012 12:01:54 PM
Hitting new 52-week and all-time highs again today with its 8th consecutive volume-driven gain. The 2/16/12 mid-day report noted - "Quarterly and annual earnings (A criteria) history has been erratic and not a match with the investment system's guidelines. Completed a new Public Offering on 3/03/11 and rebounded from a deep consolidation below its 200 DMA line since last noted in the 3/22/11 mid-day report."
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CXO - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati
Concho Resources Inc
$111.24 -4.76
-4.10%
$113.52 $116.82 -4.78% 1,250,714
148.88%
840,100
Most Recent Note for CXO - 2/23/2012 12:04:39 PM
Gapped down today, pulling back from its all-time high after a spurt of gains backed by slightly above average volume. The 1/25/12 mid-day report noted - "Challenging its Dec '11 high and approaching its 52-week high with above average volume behind today's 3rd consecutive gain. The latest quarterly comparisons showed great sales and earnings increases satisfying the C criteria. A downturn in its FY '09 earnings is a flaw concerning the A criteria."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services
Chart Industries Inc
$65.03 +2.74
4.40%
$65.43 $65.43 -0.61% 335,269
82.42%
406,800
Most Recent Note for GTLS - 2/23/2012 12:13:47 PM
Hitting new 52-week and all-time highs today with a 5th consecutive gain. Last noted in the 2/07/12 mid-day report - "Encountering distributional pressure this week. It went through a deep consolidation after dropped from the Featured Stocks list on 9/05/08. It has rebounded impressively, especially since its Nov '10 breakout, and it may be an interesting turnaround story now, however the downturn in FY '09 and FY '10 earnings is a flaw with respect to the A criteria of the fact-based investment system. Its small supply of shares outstanding (the S criteria) can contribute to greater volatility, especially if institutional investors rush in or out."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
HSTM - NASDAQ - INTERNET - Internet Service Providers
Healthstream Inc
$21.86 -0.69
-3.04%
$22.71 $23.19 -5.72% 226,667
112.71%
201,100
Most Recent Note for HSTM - 2/23/2012 12:15:21 PM
Pulling back today following a considerable gap up gain for a new 52-week high noted on the prior session, blasting out of a "double bottom" base well above a prior base pattern which may be considered a riskier late-stage base. Reported earnings +40% on +24% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Concerns were noted in the 12/21/11 mid-day report - "On 11/18/11 it priced the previously announced new Public Offering of 3.3 million shares at $16.25. Held its ground and made recent progress above prior highs after the previously noted 10/21/11 gap up from a cup-with-handle type base. Earnings improved by more than +25% in recent quarterly comparisons (Mar, Jun, Sep '11) satisfying the C criteria, but its annual (A criteria) earnings history included a downturn in FY '10, a flaw with respect to the fact-based investment system's guidelines."
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IHG - NYSE - LEISURE - Lodging
Intercontinental Hotels
$22.14 +0.04
0.18%
$22.15 $22.68 -2.38% 373,737
109.34%
341,800
Most Recent Note for IHG - 2/23/2012 12:16:36 PM
Reported earnings +42% on +4% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Rebounded near its 52-week high with an 8-week winning streak. Prior mid-day reports repeatedly noted - "Recent quarterly comparisons (through Sep '11) showed improved sales revenues and earnings growth but its prior earnings history (A criteria) is below guidelines of the fact-based system."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
INTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Intuit Inc
$58.97 -1.95
-3.20%
$60.00 $62.33 -5.39% 2,838,968
139.22%
2,039,200
Most Recent Note for INTU - 2/23/2012 12:24:57 PM
Pulling back today following a considerable volume-driven gain for new 52-week and all-time highs on the prior session. Reported earnings +59% on +16% for the quarter ended January 31, 2012 versus the year ago period. Its recently quarterly comparisons showed earnings and sales revenues improving, but results have been erratic, not strong and steady earnings increases above the +25% minimum guideline. It has a good annual earnings (A criteria) history.
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MNTX - NASDAQ - Machinery-Gen Industrial
Manitex International
$6.75 +0.13
1.96%
$7.00 $7.00 -3.57% 94,587
115.63%
81,800
Most Recent Note for MNTX - 2/23/2012 12:35:58 PM
The 2 prior mid-day reports noted this low-priced stock at new 52-week highs after a spurt of volume-driven gains - "Recent quarterly comparisons (through Sep '11) showed better earnings and sales revenues increases but its prior earnings history is not a match with the investment system guidelines."
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PLL - NYSE - MANUFACTURING - Diversified Machinery
Pall Corp
$62.84 -0.37
-0.59%
$63.30 $64.55 -2.65% 862,613
102.22%
843,900
Most Recent Note for PLL - 2/23/2012 12:39:12 PM
Rebounded from its early session lows after slumping near its 50 DMA line again. Wedged to new highs without great volume conviction behind any gains since last noted in the 1/05/12 mid-day report - "Little resistance remains due to overhead supply after recovering from a deep correction below its 50 & 200 DMA lines in recent months. Quarterly earnings increases were below the +25% guideline in the Apr, Jul, and Oct '11 quarters reported since noted in the 4/15/11 mid-day report - 'Its annual earnings (A criteria) history has not been strong and steady, considering a downturn in FY '09 earnings.'"
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PRA - NYSE - INSURANCE - Property & Casualty Insurance
Proassurance Corp
$87.87 +3.06
3.60%
$87.94 $88.46 -0.67% 123,946
88.22%
140,500
Most Recent Note for PRA - 2/23/2012 12:46:59 PM
Spiking to another new 52-week high today with a 5th consecutive gain. A volume-driven gain on 2/01/12 helped it break out from the orderly base-on-base type pattern after last noted in the 1/12/12 mid-day report. Recently rallied above its 2008 high ($71.16) to reach new all-time high territory. Annual earnings (A criteria) history has been steady but estimates are calling for -34% earnings for FY '12. Quarterly comparisons show 2 of the past 4 earnings increases above the +25% minimum guideline through Dec '11 but sub par sales revenues growth is a concern.

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RIC - AMEX - METALS & MINING - Gold
Richmont Mines Inc
$12.46 +0.40
3.32%
$12.50 $13.40 -7.01% 378,530
115.58%
327,500
Most Recent Note for RIC - 2/23/2012 12:52:30 PM
Reported earnings +20% on +24% sales revenues for the quarter ended December 31, 2011 versus the year ago period, its weakest quarterly comparison in nearly 2 years. Prior mid-day reports noted - "Earnings history is below the investment system guidelines."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
RYAAY - NASDAQ - TRANSPORTATION - Regional Airlines
Ryanair Hldgs Plc Adr
$33.57 +0.07
0.21%
$33.69 $35.13 -4.44% 230,595
78.46%
293,900
Most Recent Note for RYAAY - 2/23/2012 12:53:19 PM
Consolidating -4.6% from its 52-week high. Prior mid-day reports noted - "Quarterly earnings increases in recent comparisons through Dec '11 showed improvement over the year ago period(s) the growth. A downturn in FY '09 is a flaw in its annual earnings (A criteria) history."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
TXRH - NASDAQ - LEISURE - Restaurants
Texas Roadhouse Inc
$17.39 -0.01
-0.06%
$17.48 $18.40 -5.49% 659,050
90.06%
731,800
Most Recent Note for TXRH - 2/23/2012 1:01:56 PM
Volume-driven gains have it approaching its 52-week high. Fundamentals are not a match with the fact-based system's guidelines. It survived but failed to impress since last 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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WIRE - NASDAQ - Electrical-Power/Equipmt
Encore Wire Corp
$29.99 +0.48
1.63%
$30.05 $30.05 -0.20% 93,473
142.06%
65,800
Most Recent Note for WIRE - 2/23/2012 1:06:33 PM
Recently rallying to new 52-week highs with volume-driven gains, and no overhead supply remains to hinder its progress now. It survived but failed to impress since last noted in the 5/03/11 mid-day report - "Pulling back today following a considerable 'breakaway gap' last week. Erratic earnings history makes it a questionable candidate, fundamentally."
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THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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