Mid-Day Breakouts Report - Friday, March 2nd, 2012

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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 2ND, 2012
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DOW 12967.96 -12.34 (-0.10%) | NASDAQ 2992.15 3.18 (0.11%) | S&P 500 1371.82 -2.27 (-0.17%)

Time of Screening : 3/2/2012 11:41:02 AM Report Released : 3/2/2012 12:54:58 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
ECHO - NASDAQ Echo Global Logistics	$18.95	+0.35 1.88%	$19.00	45,910 67.32% of 50 DAV 50 DAV is 68,200	$19.38 -2.22%	2/22/2012	$18.50	PP = $18.63 MB = $19.56
Most Recent Note - 3/2/2012 12:17:47 PM Y - Following a gap down with heavy volume on 2/29/12 it is stubbornly holding its ground just -2.3% off 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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RAX - NYSE Rackspace Hosting Inc	$55.40	+2.83 5.38%	$55.65	1,491,614 76.76% of 50 DAV 50 DAV is 1,943,200	$56.94 -2.70%	2/2/2012	$46.69	PP = $45.55 MB = $47.83
Most Recent Note - 3/2/2012 12:51:25 PM G - Considerable gain today, rallying near its best-ever close and on track for its 6th consecutive weekly gain. Repeatedly noted following a considerable 2/14/12 gap up gain with very heavy volume - "Too extended from the previous base to be considered an ideal buy candidate under the fact-based investment system's guidelines." >>> The latest Featured Stock Update with an annotated graph appeared on 2/16/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABCO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Advisory Board Company	$81.04	-1.11 -1.35%	$82.19	$82.97	-2.33%	66,986 59.12%	113,300
Most Recent Note for ABCO - 3/2/2012 11:44:45 AM Volume-driven gains lifted it to new 52-week highs this week. When rallying back above its 50 DMA line it was noted in the 2/14/12 mid-day report - "Earnings and sales growth improved in the Sep and Dec '11 quarters but its prior earnings history has been below the guidelines of the fact-based investment system."
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AMSWA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software American Software Inc A	$9.51	+0.32 3.48%	$9.60	$9.84	-3.35%	69,219 68.60%	100,900
Most Recent Note for AMSWA - 3/2/2012 11:50:32 AM Rallying from support near its 200 DMA line back above its 50 DMA line and to within -4% of its 52-week high with today's 2nd consecutive volume-driven gain. Reported earnings +38% on +25% sales revenues for the quarter ended January 31, 2012 versus the year ago period. It had encountered distributional pressure and slumped from its old high since last noted in the 1/10/12 mid-day report - "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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ASNA - NASDAQ - RETAIL - Apparel Stores Ascena Retail Group Inc	$41.24	+2.29 5.88%	$43.00	$43.00	-4.09%	2,097,919 281.22%	746,000
Most Recent Note for ASNA - 3/2/2012 11:56:14 AM Considerable gap up today for its 5th consecutive gain and hitting a new 52-week high. Reported earnings +42% on +15% sales revenues for the quarter ended January 31, 2012 versus the year ago period. The 3 prior quarterly comparisons were clearly below the minimum +25% earnings guideline, missing the C criteria. Annual earnings (A criteria) history has been up and down, not steady and strong.
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BANR - NASDAQ - BANKING - Savings & Loans Banner Corporation	$20.41	-0.59 -2.81%	$20.89	$21.20	-3.73%	86,098 80.92%	106,400
Most Recent Note for BANR - 3/2/2012 11:57:51 AM Pulling back today from its 52-week high touched on the prior session. The 2/28/12 mid-day report noted - "Sales and earnings history is not a match with the fact-based investment system's guidelines."
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CALL - NASDAQ - Telecom-Infrastructure Magicjack Vocal Tec Ltd	$22.78	+1.29 6.00%	$23.99	$23.99	-5.04%	516,742 179.86%	287,300
Most Recent Note for CALL - 3/2/2012 11:58:46 AM Hitting yet another new 52-week high today while adding to its impressive streak of volume-driven gains. Prior mid-day reports noted - "Sales revenues and earnings history is not a match with the fact-based investment system's guidelines. Erratic price action in the past week indicates uncertainty while it proposed a new Public Offering on 12/09/11 and a 2:1 split impacted its share price effective 12/19/11."
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CKSW - NASDAQ - INTERNET - Internet Software & Services Clicksoftware Technologs	$11.38	-0.12 -1.04%	$11.51	$11.55	-1.47%	70,300 58.98%	119,200
Most Recent Note for CKSW - 3/2/2012 12:03:21 PM Volume-driven gains this week helped it break out of a 9-month base pattern, technically clear of all resistance due to overhead supply. Its 50 DMA line acted as support since noted in the 2/10/12 mid-day report - "Reported earnings +114% on +30% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior mid-day reports noted - 'Earnings rose +89% on +32% sales revenues for the latest quarter ended September 30, 2011 versus the year ago period. Prior quarterly and annual earnings (A criteria) history has been below the investment system's guidelines. Guidelines also suggest avoiding low priced stocks unless all key criteria are solidly satisfied. This Israeli Computer Software - Enterprise firm survived but failed to impress since noted in the 7/23/09 mid-day report.'"
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CMCSK - NASDAQ - MEDIA - CATV Systems Comcast Corp Cla Special	$28.71	-0.01 -0.02%	$28.96	$28.98	-0.95%	2,309,633 62.37%	3,703,000
Most Recent Note for CMCSK - 3/2/2012 12:06:34 PM Stubbornly held its ground and inched higher since its previously noted 2/15/12 gap up for a new 52-week high. The 3 latest quarterly comparisons (through Dec '11) showed sales revenues increases above the year ago periods by +50% and the Jun and Dec comparisons showed earnings increases above the +25% guideline. Ownership by top-rated funds has waned from 647 in Mar '11 to 638 in Dec '11, a disconcerting sign concerning the I criteria. It has rebounded from a deep consolidation below its 200 DMA line since noted in the prior reports - "Annual earnings (A criteria) growth has been strong but its quarterly sales revenues and earnings increases have been below the +25%* guideline."*
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CMT - AMEX - CONSUMER NON-DURABLES - Rubber & Plastics Core Mlding Technologies	$9.60	+0.08 0.84%	$9.65	$9.82	-2.24%	15,183 70.29%	21,600
Most Recent Note for CMT - 3/2/2012 12:08:18 PM Holding its ground after encountering distributional pressure following its recent rebound near its 52-week high. It has been challenging previously stubborn resistance in the high $9 area with a spurt of volume-driven gains. Went through a consolidation below its 200 DMA line since noted in the 11/15/11 mid-day report - "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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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$46.31	+0.97 2.14%	$46.85	$46.85	-1.15%	1,142,489 71.99%	1,587,100
Most Recent Note for DKS - 3/2/2012 12:13:30 PM Small gap up today for new 52-week and all-time highs while on track for its 8th consecutive weekly gain. It slumped below its 50 and 200 DMA lines then rebounded since last noted in the 11/28/11 mid-day report - "It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and sales revenues increases have not been especially strong."
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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$39.90	+0.60 1.53%	$40.32	$40.32	-1.04%	61,585 72.54%	84,900
Most Recent Note for DXPE - 3/2/2012 12:16:02 PM Today's 3rd consecutive volume-driven gain has it hitting a new 52-week high after consolidating in a tight range for the past 4 weeks above its 50 DMA line and prior highs. No resistance remains due to overhead supply. Reported earnings +56% on +29% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Prior mid-day reports noted - "Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding."
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FL - NYSE - RETAIL - Apparel Stores Foot Locker Inc	$29.23	-0.29 -0.98%	$30.06	$30.06	-2.76%	3,665,140 192.78%	1,901,200
Most Recent Note for FL - 3/2/2012 12:21:01 PM Reversed into the red today after inching up and touching another new 52-week. Held its ground stubbornly and advanced into new high territory since noted in the 12/22/11 mid-day report after it found support near its 50 DMA line - "Quarterly results showed strong earnings increases but sales revenues growth has been sub par and its annual earnings (A criteria) history is not a good match with the investment system's guidelines."
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GCO - NYSE - RETAIL - Apparel Stores Genesco Inc	$73.55	+2.91 4.12%	$74.91	$74.91	-1.82%	427,990 137.84%	310,500
Most Recent Note for GCO - 3/2/2012 12:24:24 PM Gapped up today for a new 52-week high after reporting earnings +48% on +29% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Recent quarterly comparisons showed strong increases in sales revenues and improved earnings but its annual earnings (A criteria) history has not met the fact-based investment system's guidelines.
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HEES - NASDAQ - MANUFACTURING - Industrial Equipment & Components H & E Equipment Svcs Inc	$20.59	+1.10 5.64%	$20.61	$20.63	-0.19%	402,046 239.88%	167,600
Most Recent Note for HEES - 3/2/2012 12:31:18 PM Up today for a 2nd consecutive volume-driven gain after reporting its 3rd consecutive quarter with solid sales revenues increases and earnings versus year-ago losses. It had been consolidating since the 2/08/12 mid-day report noted - "Quarterly and annual earnings history are not a good match with the fact-based investment system."
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KED - NYSE - Finance-Investment Mgmt Kayne Anderson Engy Dvlp	$24.05	-0.10 -0.41%	$24.25	$24.50	-1.84%	47,697 73.49%	64,900
Most Recent Note for KED - 3/2/2012 12:31:50 PM Consolidating near its 52-week high and churning above average volume without making progress 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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LSTR - NASDAQ - TRANSPORTATION - Trucking Landstar System Inc	$54.45	-0.89 -1.61%	$54.80	$55.69	-2.23%	227,260 83.18%	273,200
Most Recent Note for LSTR - 3/2/2012 12:36:52 PM Small gap down today, pulling back from its 52-week high after a streak of volume-driven gains. Quarterly earnings increases above the +25% guideline in at least the past 8 quarterly comparisons through Dec '11 satisfy the C criteria and sales revenues increases have shown recent acceleration from sub par levels. A downturn in FY '09 earnings is a flaw concerning the A criteria. It survived but failed to impress since last noted in the 3/22/06 mid-day report.
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MR - NYSE - HEALTH SERVICES - Medical Appliances &; Equipment Mindray Medical Intl Ads	$32.15	+0.17 0.54%	$32.20	$32.29	-0.42%	703,754 132.28%	532,000
Most Recent Note for MR - 3/2/2012 12:40:57 PM Rallying to new 52 week highs with a streak of 3 consecutive volume-driven gains. Additional overhead supply remains to act as resistance up through the $40 area. Fundamentals remain below the fact-based investment system's guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 1/16/08.
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PCLN - NASDAQ - INTERNET - Internet Software & Services Priceline.com Inc	$642.07	+4.75 0.75%	$645.95	$645.95	-0.60%	519,279 62.94%	825,100
Most Recent Note for PCLN - 3/2/2012 12:43:14 PM Reported earnings 58% on +35% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Inching higher following the considerable gap up gain with heavy volume for a new 52-week high when noted in the 2/28/12 mid-day report - "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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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$55.50	+0.05 0.09%	$55.80	$56.39	-1.58%	558,373 69.54%	802,900
Most Recent Note for PETM - 3/2/2012 12:44:27 PM After recently inching to new 52-week highs it tested its 50 DMA line following a gap down on the prior session. Reported earnings +18% on +8% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Noted in prior mid-day reports - "Quarterly sales revenues increases in the +6-8% are below the robust growth guidelines of the investment system. Its earnings and sales revenues showed improvement in the recent quarterly comparisons but its growth history is below the fundamental guidelines of the investment system. Current earnings per share should be up +25% or more and the past 3 or 4 comparisons in many cases accelerating in recent quarters. Quarterly sales should also be up +18-25% or more or accelerating over prior quarters."
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PKT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Procera Networks Inc	$20.00	+0.30 1.52%	$20.29	$20.90	-4.31%	132,835 61.16%	217,200
Most Recent Note for PKT - 3/2/2012 12:46:39 PM Holding its ground stubbornly since hitting a new 52-week high on 2/22/12 when the mid-day report noted - "Prior highs in the $18 area define support above its 50 DMA line. Reported earnings +200% on +108% sales revenues for the quarter ended December 31, 2011 versus the year ago period. It slumped under its 50 DMA line then rebounded to new highs since last noted in the 12/14/11 mid-day report - 'Following several years of operating losses (bad A criteria) it has shown strong sales revenues increases and produced solid earnings versus year-ago losses for the quarterly comparisons in Mar, Jun, and Sep '11.'"
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