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 MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 24TH, 2012
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DOW 13005.88 21.19 (0.16%) | NASDAQ 2969.91 12.93 (0.44%) | S&P 500 1368.27 4.81 (0.35%)
Time of Screening : 2/24/2012 11:50:20 AM         Report Released : 2/24/2012 12:59:31 PM
Price is: Above 52W High and Less Than 52W High but within 6% 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
Max Buy
CTRX - NASDAQ
Catamaran Corp
$69.12 +1.76
2.61%
$69.60 244,802
69.86% of 50 DAV
50 DAV is 350,400
$70.78
-2.35%
2/23/2012 $68.24 PP = $66.05
MB = $69.35
Most Recent Note - 2/24/2012 12:53:25 PM
Y - Hit another new all-time high with today's 4th consecutive volume-driven gain. Reported earnings +71% on +162% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Triggered a new (or add-on) technical buy signal this week while rallying above the new pivot point cited. Prior highs in the $66 area define initial support to watch on pullbacks.
>>> 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
$98.32 +1.32
1.36%
$101.88 878,344
175.49% of 50 DAV
50 DAV is 500,500
$101.88
-3.49%
2/6/2012 $97.09 PP = $95.58
MB = $100.36
Most Recent Note - 2/24/2012 12:35:03 PM
Y - Reported earnings +31% on +39% sales revenues for the quarter ended December 31, 2011 versus the year ago period. The results missed the consensus estimates yet remained above the investment system's fundamental guidelines. It touched new 52-week and all-time highs with today's volume-driven gain and it has no resistance remaining due to overhead supply. Its 50 DMA line 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
MKTX - NASDAQ
Marketaxess Holdings Inc
$33.54 +0.08
0.24%
$33.63 277,027
117.38% of 50 DAV
50 DAV is 236,000
$35.42
-5.31%
10/28/2011 $29.79 PP = $31.05
MB = $32.60
Most Recent Note - 2/24/2012 12:38:26 PM
G - Consolidating near its all-time high, extended from any sound base. Found prompt support near its 50 DMA line after it completed a Secondary Offering of 3.6 million shares of common stock by selling stockholders on 2/22/12.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/24/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
TDG - NYSE
Transdigm Group Inc
$117.27 +0.20
0.17%
$119.41 236,892
68.23% of 50 DAV
50 DAV is 347,200
$118.83
-1.31%
1/10/2012 $98.83 PP = $102.83
MB = $107.97
Most Recent Note - 2/24/2012 12:57:45 PM
G - Still hovering near its all-time high, stubbornly holding its ground, on the cusp of completing an advanced "3-weeks tight" base pattern. Prior highs near $102 define the initial support level to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/10/2012. 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
ACIW - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
A C I Worldwide Inc
$39.96 +0.64
1.63%
$40.18 $40.18 -0.55% 247,793
70.24%
352,800
Most Recent Note for ACIW - 2/24/2012 11:54:42 AM
Reported earnings -13% on -4% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Hitting new 52-week highs today with its 4th consecutive volume-driven gain. Prior mid-day reports noted - "Working on the right side of a 6-month cup shaped base, challenging its 52-week high while on track today for a 6th consecutive gain and 4th straight weekly gain. Recent quarterly comparisons show modest sales revenues growth and improved earnings versus year-ago losses and weaker earnings. Annual earnings (A criteria) growth has been good since a loss in FY '07."
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ARII - NASDAQ - TRANSPORTATION - Railroads
American Railcar Inds
$30.50 +0.53
1.75%
$31.00 $32.12 -5.04% 91,141
86.31%
105,600
Most Recent Note for ARII - 2/24/2012 11:57:48 AM
Consolidating after surging to new 52-week highs with a spurt of volume-driven gains. Technically it found support above its 50 DMA line on pullbacks after it broke out from a reverse-head-and-shoulders pattern on 1/06/12. Prior mid-day reports noted - "Earnings history has been erratic, not a match with the investment system's guidelines."

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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen
Altisource Ptf Sltns Sa
$65.49 +1.50
2.34%
$65.71 $65.71 -0.33% 96,572
70.34%
137,300
Most Recent Note for ASPS - 2/24/2012 11:58:40 AM
Hitting yet another new all-time high while on track today for a 9th 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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BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Blackbaud Inc
$32.75 +0.26
0.80%
$33.36 $33.36 -1.83% 115,983
58.81%
197,200
Most Recent Note for BLKB - 2/24/2012 11:59:22 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  
CAB - NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Cabelas Inc
$35.75 +1.41
4.11%
$35.75 $35.77 -0.06% 533,454
96.61%
552,200
Most Recent Note for CAB - 2/24/2012 12:02:44 PM
Held its ground stubbornly and rose further into new high territory with more gains backed by above average volume. Reported earnings +23% on +5% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Noted in prior mid-day reports - "Steadily advancing since it broke out of a base-on-base type pattern on 1/24/11. Previously noted after a technical breakout in the 11/03/10 mid-day report -'The old high for this Retail - Leisure Products firm had been hit when it last appeared in several early-May mid-day reports noted - Annual earnings (A criteria) and quarterly sales revenues have not shown strong and steady growth.'"

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CBI - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Chicago Bridge & Iron Co
$46.03 -0.22
-0.47%
$46.86 $46.86 -1.76% 629,941
77.28%
815,100
Most Recent Note for CBI - 2/24/2012 12:05:12 PM
Hitting a new 52-week high today. Fundamentals remain a concern since last noted in the 1/27/12 mid-day report and prior reports - "Sales revenues and earnings history are below the investment system's guidelines."
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati
Continental Res Inc
$92.90 -2.03
-2.14%
$95.95 $97.19 -4.41% 1,038,696
76.18%
1,363,500
Most Recent Note for CLR - 2/24/2012 12:07:02 PM
Perched at its 52-week and all-time highs today after a streak of 8 consecutive volume-driven gains. Prior mid-day reports 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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CSTR - NASDAQ - Banks-Southeast
Capstar Financial Hldgs
$60.17 +1.39
2.36%
$60.73 $60.84 -1.10% 954,256
62.98%
1,515,200
Most Recent Note for CSTR - 2/24/2012 12:10:39 PM
Challenging its 52-week high today. Held its ground since last noted in the 2/08/12 mid-day report - "It faces some resistance due to additional overhead supply up through the $67 level. Quarterly comparisons show strong sales revenues and earnings increases (C criteria), and its annual earnings (A criteria) history has been good."
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services
Chart Industries Inc
$65.87 -0.34
-0.51%
$68.44 $68.44 -3.76% 446,384
107.28%
416,100
Most Recent Note for GTLS - 2/24/2012 12:17:07 PM
Reversed into the red after hitting another new all-time high today following 5 consecutive gains. Prior mid-day reports noted - "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  
IDXX - NASDAQ - DRUGS - Diagnostic Substances
Idexx Laboratories Inc
$88.00 -0.10
-0.11%
$88.47 $89.50 -1.68% 148,670
60.12%
247,300
Most Recent Note for IDXX - 2/24/2012 12:20:14 PM
Earnings history has been below the fact-based investment system's guidelines. Recently wedged to new high territory with gains lacking great volume conviction. Today it is hovering near its all-time high with no resistance remaining due to overhead supply.
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IHG - NYSE - LEISURE - Lodging
Intercontinental Hotels
$22.27 +0.18
0.81%
$22.40 $22.68 -1.81% 351,198
97.34%
360,800
Most Recent Note for IHG - 2/24/2012 12:21:12 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  
INWK - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Innerworkings Inc
$11.58 -0.12
-1.03%
$11.70 $12.24 -5.39% 118,669
64.18%
184,900
Most Recent Note for INWK - 2/24/2012 12:22:56 PM
Hovering near its 52-week high, holding its ground while enduring distributional pressure in recent weeks. Prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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JAZZ - NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
$51.48 +2.91
5.99%
$51.69 $51.69 -0.41% 656,364
75.97%
864,000
Most Recent Note for JAZZ - 2/24/2012 12:28:12 PM
Up today with volume running at a slightly above average pace while touching another new all-time high. Stayed in a tight trading range in recent weeks while trading above average volume without making meaningful price progress, action indicative of distributional pressure. Prior resistance in the $46-47 area acted as a support level. Prior mid-day reports noted - "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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KED - NYSE - Finance-Investment Mgmt
Kayne Anderson Engy Dvlp
$23.82 +0.02
0.08%
$23.93 $24.50 -2.78% 32,956
58.12%
56,700
Most Recent Note for KED - 2/24/2012 12:30:54 PM
Holding its ground near its 52-week high since a negative reversal on 2/21/12. It is extended from the previous orderly base pattern. Prior mid-day reports noted - "Erratic earnings history. Its quarterly sales revenues and earnings improved in recent comparisons, yet they remain minuscule. It has been building an orderly base for the past few months with support being found near its 200 DMA line."
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LOPE - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services
Grand Canyon Education
$18.21 +0.38
2.13%
$18.44 $18.49 -1.51% 283,603
74.16%
382,400
Most Recent Note for LOPE - 2/24/2012 12:33:29 PM
It has formed an orderly flat base pattern since last noted in the 1/17/12 mid-day report when capping a streak of 12 consecutive gains - "Quarterly earnings increases have not been strong and steady enough to meet the fact-based investment system guidelines. It survived but failed to impress since dropped from the Featured Stocks list on 6/14/10."
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MNST - NASDAQ - MEDIA - Advertising Agencies
Monster Beverage Corp
$55.20 +0.33
0.60%
$56.96 $56.96 -3.09% 1,413,297
90.85%
1,555,600
Most Recent Note for MNST - 2/24/2012 12:43:38 PM
Touched a new high today, wedging into new high territory without great volume conviction behind its recent gains. Do not be confused by a 2:1 split impacting its share prices as of 2/16/12. Strong annual earnings (A criteria) history. Recent quarterly comparisons through Sep '11 showed decelerating sales revenues and earnings increases, however for the quarter ended December 31, 2011 versus the year ago period its earnings improved by +35% on +29% sales revenues.
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PNRA - NASDAQ - LEISURE - Specialty Eateries
Panera Bread Co Cl A
$152.01 -0.18
-0.12%
$152.14 $160.88 -5.51% 303,358
60.54%
501,100
Most Recent Note for PNRA - 2/24/2012 12:44:57 PM
Consolidating above its 50 DMA line since a damaging 2/08/12 loss with heavy volume, abruptly pulling back from the all-time high. Reported earnings +17% on +16% sales revenues for the quarter ended December 31, 2011 versus the year ago period. 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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SGY - NYSE - ENERGY - Independent Oil & Gas
Stone Energy Corp
$35.01 +0.82
2.40%
$35.47 $35.94 -2.59% 545,684
60.22%
906,100
Most Recent Note for SGY - 2/24/2012 12:49:11 PM
Challenging is 52-week high with gains this week lacking great volume conviction. The 4 latest quarterly comparisons through Dec '11 showed strong earnings increases (good C criteria) backed by solid sales revenues growth. Its annual earnings (A criteria) has been up and down and rather erratic.

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WCG - NYSE - HEALTH SERVICES - Health Care Plans
Wellcare Health Plans
$70.63 +3.52
5.25%
$70.97 $71.54 -1.27% 471,045
79.23%
594,500
Most Recent Note for WCG - 2/24/2012 12:58:43 PM
Reported earnings +203% on +18% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period. Held its ground following a considerable 2/15/12 gap up gain for a new 52-week high. Noted in prior mid-day reports - "Reported earnings +142% on +11% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Leadership in the Medical - Managed Care industry group (L criteria) has contributed greatly to its recent performance. Recent quarterly comparisons show improving sales revenues and big earnings improvements, but its annual earnings (A criteria) history is below the investment system guidelines. "
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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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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