Mid-Day Breakouts Report - Tuesday, February 28th, 2012

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MIDDAY BREAKOUTS REPORT - TUESDAY, FEBRUARY 28TH, 2012
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DOW 13004.7 23.23 (0.18%) | NASDAQ 2985.14 18.98 (0.64%) | S&P 500 1371.49 3.9 (0.29%)

Time of Screening : 2/28/2012 11:49:30 AM Report Released : 2/28/2012 12:47:39 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
ECHO - NASDAQ Echo Global Logistics	$19.01	+0.31 1.66%	$19.31	73,151 118.18% of 50 DAV 50 DAV is 61,900	$19.38 -1.91%	2/22/2012	$18.50	PP = $18.63 MB = $19.56
Most Recent Note - 2/28/2012 12:10:45 PM Y - Up today with above average volume behind its gain, challenging its all-time high with no resistance remaining due to overhead supply. It has been consolidating below its "max buy" level after breaking out from a large cup shaped base. >>> The latest Featured Stock Update with an annotated graph appeared on 2/23/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$11.26	+0.37 3.41%	$11.55	$11.67	-3.50%	46,514 88.94%	52,300
Most Recent Note for ANIK - 2/28/2012 11:52:58 AM Holding its ground within close striking distance of its 52-week high. Appeared in 4 prior mid-day reports this February noted - "Quarterly and annual earnings history has been below the investment system's guidelines."
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ATLS - NYSE - ENERGY - Oil & Gas Drilling & Explorati Atlas Energy Lp	$27.41	+0.47 1.74%	$27.47	$27.86	-1.62%	367,326 77.79%	472,200
Most Recent Note for ATLS - 2/28/2012 11:55:48 AM Today's 5th consecutive gain has it rising near its 52-week high and challenging previously stubborn resistance in the $27 area. Noted in prior mid-day reports - "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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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$374.73	+8.64 2.36%	$377.78	$377.78	-0.81%	458,604 129.11%	355,200
Most Recent Note for AZO - 2/28/2012 12:00:31 PM Gapped up today hitting another new 52-week high with a volume-driven gain, extended from any sound base. Reported earnings +24% on +9% sales revenues for the quarter ended January 31, 2012 versus the year ago period. It has shown strong annual earnings (A criteria) growth while its quarterly increases have been borderline with the minimum +25% guideline for the C criteria. It is heavily owned by mutual funds already, yet top-rated funds owning shares rose from 878 in Dec '10 to 1,093 in Dec '11, a reassuring sign concerning the I criteria. While consumers are fixing their old cars and holding off on new car purchases, AZO and similar players in the auto-repair arena have shown some leadership.
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BANR - NASDAQ - BANKING - Savings & Loans Banner Corporation	$20.20	+0.28 1.41%	$20.25	$20.88	-3.26%	82,770 83.35%	99,300
Most Recent Note for BANR - 2/28/2012 12:01:49 PM Sales and earnings history is not a match with the fact-based investment system's guidelines.
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$23.94	+0.46 1.96%	$24.00	$24.64	-2.84%	357,781 101.07%	354,000
Most Recent Note for BGS - 2/28/2012 12:03:14 PM Consolidating above its 50 DMA line within -2.9% of its 52-week high. Reported earnings +7% on +6% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period, the first quarterly comparison with earnings below the +25% minimum guideline in years. Very little overhead supply remains to act as resistance. Prior mid-day reports noted - "Its earnings history has been strong, but the lack of sales revenues growth raises concerns that there is not great or growing demand for a new (N criteria) product or services."
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CMT - AMEX - CONSUMER NON-DURABLES - Rubber & Plastics Core Mlding Technologies	$9.76	+0.16 1.67%	$9.76	$9.82	-0.61%	21,547 106.67%	20,200
Most Recent Note for CMT - 2/28/2012 12:07:03 PM Recently rebounded near its 52-week high and previously stubborn resistance in the $9 area with a spurt of volume-driven gains. Went through a consolidation below its 200 DMA line since last noted in the 11/15/11 mid-day report noted - "Recent quarters show sales revenues and earnings improving but its annual earnings (A criteria) history is not a good match with the fact-based investment system."
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services Chart Industries Inc	$67.66	+2.28 3.49%	$68.49	$68.74	-1.57%	872,496 199.38%	437,600
Most Recent Note for GTLS - 2/28/2012 12:13:37 PM Touched a new 52-week high today while on track for its 3rd volume-driven gain in the span of 4 sessions including a previously noted "negative reversal". 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."
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JAZZ - NASDAQ - DRUGS - Biotechnology Jazz Pharmaceuticals Plc	$51.26	+0.71 1.40%	$52.10	$52.10	-1.61%	1,056,101 118.60%	890,500
Most Recent Note for JAZZ - 2/28/2012 12:20:05 PM Up today with volume running at a slightly above average pace while touching another new all-time high. Its 98 Relative Strength rank is well above the 80+ guideline for buy candidates, however its Relative Strength line had been plotted higher in September '11. Its 50 DMA line defines support to watch. 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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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$25.06	+1.62 6.91%	$25.18	$27.51	-8.91%	423,808 118.81%	356,700
Most Recent Note for LAD - 2/28/2012 12:21:31 PM Found support near its 50 DMA line again and it is rebounding toward its 52-week high. It went through a deep consolidation below its 200 DMA then rebounded impressively since 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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LOPE - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Grand Canyon Education	$17.82	-0.70 -3.78%	$18.05	$18.60	-4.19%	419,563 105.98%	395,900
Most Recent Note for LOPE - 2/28/2012 12:23:22 PM Small gap down today after touching a new 52-week high on the prior session. It has formed an orderly flat base pattern since 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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OKS - NYSE - ENERGY - Oil &; Gas Pipelines Oneok Partners Lp	$59.01	-2.22 -3.63%	$59.15	$61.58	-4.17%	3,844,258 1,178.50%	326,200
Most Recent Note for OKS - 2/28/2012 12:24:59 PM Gapped down for a loss with heavy volume today, retreating from its 52-week high hit on the prior session. It had been stubbornly holding its ground following recent volume-driven gains. Recent quarterly comparisons show impressive sales revenues and earnings acceleration, however prior mid-day reports noted- "This MLP's earnings history has been below the guidelines of the fact-based system."
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OSIS - NASDAQ - Aerospace/Defense O S I Systems Inc	$59.65	-0.16 -0.27%	$60.33	$60.33	-1.13%	80,678 77.06%	104,700
Most Recent Note for OSIS - 2/28/2012 12:26:11 PM Holding its ground today following a considerable volume-driven gain for a new 52-week high on the prior session, technically rising from a square box base. The 2/27/12 mid-day report noted - "Found support and remained above its 50 DMA line last week after it was dropped from the Featured Stocks list. Earnings increase below the +25% minimum earnings guideline in the Dec '11 quarter was noted as a fundamental concern. The most ideal buy candidates have not shown flaws in their latest earnings results."
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PCLN - NASDAQ - INTERNET - Internet Software & Services Priceline.com Inc	$635.30	+43.76 7.40%	$637.88	$637.88	-0.40%	1,896,194 232.09%	817,000
Most Recent Note for PCLN - 2/28/2012 12:32:33 PM Reported earnings 58% on +35% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Considerable gap up gain with heavy volume today for a new 52-week high. Technically, it broke out on 2/13/12 with a volume-driven gain, and now it is getting extended from its prior base. Fundamentals have remained strong since dropped from the Featured Stocks list on 9/29/11. Patient investors may watch for secondary buy points to possibly develop and be noted.
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SLXP - NASDAQ - DRUGS - Drug Related Products Salix Pharmaceuticals	$49.45	+3.31 7.17%	$50.54	$50.54	-2.16%	1,258,750 176.12%	714,700
Most Recent Note for SLXP - 2/28/2012 12:37:16 PM Volume-driven gain today helped it touch anew 52-week high. Quarterly comparisons through Dec '11 showed strong sales revenues and earnings increases satisfying the C criteria, however its prior earnings history has been erratic and is not a match with the fact-based investment system's guidelines.
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TAST - NASDAQ - LEISURE - Restaurants Carrols Restaurant Group	$11.70	-0.16 -1.35%	$11.76	$12.65	-7.51%	123,893 213.24%	58,100
Most Recent Note for TAST - 2/28/2012 12:38:25 PM Up from earlier lows following a gap down and violation of its 50 DMA line. Prior mid-day reports repeatedly noted - "Sales and earnings history is below the investment system's guidelines. Its 50 DMA line and 200 DMA lines recently converged. No overhead supply remains to act as resistance."
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TECD - NASDAQ - WHOLESALE - Computers Wholesale Tech Data Corp	$54.09	-3.35 -5.83%	$56.00	$59.29	-8.77%	461,980 127.90%	361,200
Most Recent Note for TECD - 2/28/2012 12:41:03 PM Gapped down today, abruptly reversing from the new 52-week high hit on the prior session. While posting a 3rd consecutive gain the 2/27/12 mid-day report noted - "No resistance remains due to overhead supply. Earnings history is not a match with the fact-based investment system's guidelines."
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TRS - NASDAQ - MANUFACTURING - Diversified Trimas Corp	$24.93	-0.24 -0.95%	$25.28	$27.09	-7.97%	161,141 108.73%	148,200
Most Recent Note for TRS - 2/28/2012 12:43:58 PM Pulling back today following a considerable gain with above average volume on the prior session. While approaching its 52-week high, the 2/27/12 mid-day report noted - "Reported earnings +14% on +22% sales revenues for the quarter ended December 31, 2011 versus the year ago period, below the +25% minimum earnings growth guideline. Completed a Secondary Offering on 4/20/11 as it technically broke out above prior highs in the $22-23 area that defined stubborn resistance when last noted - 'Recent quarterly comparisons show sales and earnings improving, but prior history is below the fact-based system's guidelines. It is up more than 20-fold from a low below $1.00 in March '09.'"
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URS - NYSE - DIVERSIFIED SERVICES - Technical Services U R S Corp	$44.69	-1.47 -3.18%	$45.16	$47.28	-5.48%	840,803 140.37%	599,000
Most Recent Note for URS - 2/28/2012 12:46:56 PM Up from earlier lows after a gap down today. Pulling back from its 52 week high touched since last noted in the 2/22/12 mid-day report while adding to a recent spurt of volume-driven gains - "Its annual earnings (the A criteria) growth has been slow and steady, but below the investment system's guidelines. Street estimates for earnings in FY '11 & '12 are also mediocre."
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