Mid-Day Breakouts Report - Wednesday, March 20th, 2013

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 20TH, 2013
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DOW 14510.84 55.02 (0.38%) | NASDAQ 3242.94 13.84 (0.43%) | S&P 500 1556.21 7.87 (0.51%)

Time of Screening : 3/20/2013 11:44:12 AM Report Released : 3/20/2013 12:52:31 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
MNTX - NASDAQ Manitex International	$11.29	+0.63 5.91%	$11.40	171,418 112.41% of 50 DAV 50 DAV is 152,500	$11.95 -5.52%	3/20/2013	$11.29	PP = $12.05 MB = $12.65
Most Recent Note - 3/20/2013 12:16:12 PM Y - Color code is changed to yellow while building on a choppy 7-week base with pivot point cited based on its 2/06/13 high plus 10 cents. Subsequent volume-driven gains above the pivot point cited are needed to trigger a technical buy signal before action may be justified under the fact-based system. This low-priced stock is rallying within striking distance of its 52-week high today. Found support while consolidating above its 50 DMA line in recent weeks after a spurt of volume-driven gains. Reported earnings +78% on +55% sales revenues for the quarter ended December 31, 2012 versus the year ago period, marking its 4th consecutive quarter with earnings increasing by well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has improved since a downturn in FY '08 and '09 earnings. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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VRX - NYSE Valeant Pharmaceuticals	$73.73	+2.29 3.21%	$74.67	860,561 69.64% of 50 DAV 50 DAV is 1,235,800	$74.67 -1.26%	12/20/2012	$60.24	PP = $61.21 MB = $64.27
Most Recent Note - 3/20/2013 12:52:11 PM G - Hitting yet another new high with today's 3rd consecutive gain, getting very extended from the secondary buy point noted earlier. The 50 DMA line and recent low ($64.05 on 2/21/13) define important support areas to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$50.22	+0.16 0.32%	$50.45	$52.15	-3.70%	1,375,272 60.95%	2,256,500
Most Recent Note for ABC - 3/20/2013 11:46:56 AM Perched at 52-week and multi-year highs today. Fundamental concerns remain, yet it made steady progress and stubbornly held its ground since last noted in the 12/11/12 mid-day report with caution - "Earnings and sales revenues growth has been below guidelines."
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AL - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services Air Lease Corp Cl A	$28.82	+0.06 0.21%	$28.90	$29.87	-3.52%	334,501 68.86%	485,800
Most Recent Note for AL - 3/20/2013 11:51:21 AM Tallied 11 consecutive weekly gains and no overhead supply remains to act as resistance while perched near its all-time high today. Disciplined investors may watch for a secondary buy point or new base to potentially develop and be noted in the weeks ahead, meanwhile it has not formed a sound base since noted in 2 recent mid-day reports - "Earnings history has been strong and is a good match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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CCIX - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Coleman Cable Inc	$14.80	-0.17 -1.14%	$15.27	$15.27	-3.08%	39,988 60.13%	66,500
Most Recent Note for CCIX - 3/20/2013 11:53:06 AM Hit another new 52-week high today then reversed into the red. Extended from any sound base after an impressive spurt of volume-driven gains. The 2 prior mid-day reports cautioned - "This company hailing from the Electrical - Power/Equipment group has an erratic earnings history (C and A criteria) below the fact-based investment system's guidelines."
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CSTE - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials CaesarStone Sdot-Yam Ltd	$25.05	-0.02 -0.08%	$25.75	$25.75	-2.72%	54,492 85.95%	63,400
Most Recent Note for CSTE - 3/20/2013 11:55:20 AM Hovering at its 52-week high today following a volume-driven gain on the prior session while attempting to rise from a short "square box" type base pattern. The 3/19/13 mid-day report noted - "Reported earnings +68% on +14% sales revenues for the Dec '12 quarter marking its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). Found support well above its 50 DMA line during its recent consolidation. Lackluster sales revenues growth and limited history since its 3/23/12 IPO at $11 leaves concerns."
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ITRN - NASDAQ - WHOLESALE - Electronics Wholesale Ituran Location & Contrl	$15.64	+0.15 0.97%	$15.83	$16.70	-6.35%	25,780 101.90%	25,300
Most Recent Note for ITRN - 3/20/2013 11:59:09 AM Gapped down on the prior session, enduring distributional pressure following a recent spurt of volume-driven gains. Earnings history is not a match with the fact-based investment system's guidelines (C criteria) and sub par sales revenues growth indicates no great demand for any new (N criteria) products or services.
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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$43.20	+1.79 4.32%	$43.24	$43.24	-0.09%	3,962,952 97.03%	4,084,300
Most Recent Note for LEN - 3/20/2013 12:01:02 PM Touched a new 52-week high today with a gain backed by above average volume. Rebounded from a slump below its 50 DMA line during its consolidation since last noted in the 1/15/13 mid-day report with caution - "Recent quarterly comparisons show greatly improved sales revenues and earnings increases, however its poor annual earnings history (A criteria) is a fundamental flaw. It survived but failed to impress since dropped from the Featured Stocks list on 5/01/05."
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NTWK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Netsol Technologies Inc	$12.64	+0.91 7.76%	$12.73	$12.81	-1.32%	419,851 150.00%	279,900
Most Recent Note for NTWK - 3/20/2013 12:19:03 PM Gapped up for a 2nd consecutive session today, rebounding toward its 52-week high following a brief consolidation. Last noted in the 3/08/13 mid-day report with caution - "It faces additional resistance due to overhead supply. Reported greatly improved sales and earnings increases in the 3 latest quarterly comparisons through Dec '12, but its prior earnings history (A criteria) has been erratic and is not a match with the fact-based investment system's fundamental guidelines."
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OKSB - NASDAQ - BANKING - Savings & Loans Southwest Bancorp Okla	$12.69	-0.27 -2.08%	$13.01	$13.48	-5.86%	39,157 58.10%	67,400
Most Recent Note for OKSB - 3/20/2013 12:20:58 PM Dipping below its 50 DMA line today. While consolidating it has remained well above prior highs in recent weeks. Waning sales revenues are a concern, as it reported sales -19%, -21%, -20%, and -16% in the Mar, Jun, Sep, and Dec '12 quarters, respectively. Noted in prior mid-day reports with caution - "Earnings history for this Banks - West/Southwest firm is not a match with the fact-based investment system's guidelines."
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OMAB - NASDAQ - TRANSPORTATION - Air Services Grupo Aero Cent Nort Ads	$29.69	-0.50 -1.66%	$31.66	$31.66	-6.22%	23,296 67.92%	34,300
Most Recent Note for OMAB - 3/20/2013 12:24:38 PM Hit another new 52-week high then reversed into the red. Rallied from an orderly flat base last week with a volume-driven gain. However, fundamental concerns remain, as when last noted in the 2/11/13 mid-day report with caution- "Quarterly and annual earnings (C and A criteria) history are below the guidelines."
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$7.79	+0.24 3.18%	$7.87	$7.87	-1.02%	264,676 140.41%	188,500
Most Recent Note for PGTI - 3/20/2013 12:27:12 PM Hitting yet another new 52-week high today, adding to its impressive spurt of volume-driven gains. Prior mid-day reports repeatedly cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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SAIA - NASDAQ - TRANSPORTATION - Trucking Saia Inc	$35.65	+0.02 0.06%	$35.86	$36.77	-3.05%	83,613 59.64%	140,200
Most Recent Note for SAIA - 3/20/2013 12:28:35 PM Hovering near its 52-week high today, stubbornly holding its ground following a streak of 6 consecutive volume-driven gains. Reported earnings +120% on +5% sales revenues for the Dec '12 quarter. Stubbornly held its ground and rallied since noted in the 1/30/13 mid-day report with caution - "Recent quarterly comparisons showed strong earnings increases satisfying the C criteria, however sales revenues increases showed worrisome deceleration, +13%, +11%, +8%, and +4% in the Dec '11, Mar, Jun, and Sep '12 quarters, respectively. Its annual earnings (A criteria) history has been erratic and not a match with the fact-based investment system's guidelines."
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SPSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S P S Commerce Inc	$39.45	+0.06 0.15%	$39.78	$41.32	-4.53%	45,487 69.87%	65,100
Most Recent Note for SPSC - 3/20/2013 12:32:19 PM Consolidating above its 50 DMA line today and perched only -4.7% off its 52-week high. Completed a new Public Offering on 9/06/12. The 5 most current quarterly comparisons through Dec '12 showed improved sales revenues and earnings increases above the +25% guideline (C criteria). Encountered stubborn resistance in the $41 area since last noted in the 12/19/12 mid-day report with caution - "A downturn in its FY '11 earnings is a flaw concerning the annual earnings (A criteria) history, making it not a match with the fact-based investment system's guidelines."
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SXI - NYSE - CONGLOMERATES - Conglomerates Standex Intl Corp	$55.04	-0.06 -0.11%	$55.26	$57.64	-4.51%	21,717 64.44%	33,700
Most Recent Note for SXI - 3/20/2013 12:33:41 PM Finding support near its 50 DMA line since a small gap down on Monday, retreating from its 52-week high. Prior mid-day reports repeatedly cautioned - Reported earnings +11% on +9% sales revenues for the quarter ended Dec 31, 2012 versus the year ago period. Its sales and earnings history in recent quarterly comparisons has shown growth borderline or below the fact-based investment system's guidelines."
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TARO - NYSE - DRUGS - Drug Manufacturers - Other Taro Pharmaceutical Inds	$58.85	+0.08 0.14%	$59.24	$59.24	-0.66%	60,182 248.69%	24,200
Most Recent Note for TARO - 3/20/2013 12:38:28 PM On track for its 8th consecutive weekly gain and perched at its 52-week high today. Churning above average volume in recent weeks while holding its ground stubbornly and gradually rising. Last noted in the 2/22/13 mid-day report with caution - "Reported earnings +40% on +25% sales revenues for the Dec '12 quarter, a solid improvement following its previously noted sub par results for the Sep '12 quarter (below the +25% minimum guideline for the C criteria). It faces no resistance due to overhead supply. The number of top-rated funds owning its shares from 2 in Mar '12 to 19 as of Dec '12, a reassuring sign concerning the I criteria. Found support above its 200 DMA line during its 9-month consolidation since noted in the 4/12/12 mid-day report when hitting its 52-week high - 'The thinly traded stock has rallied 3-fold in the past year, finding support at its 50 DMA line throughout its ongoing advance. The Israel-based Medical - Generic Drugs firm reportedly is owned by only 1 top-rated fund. Recent quarterly comparisons through Dec '11 showed impressive acceleration in sales revenues and earnings increases satisfying the C criteria.'"
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TG - NYSE - CONSUMER NON-DURABLES - Rubber & Plastics Tredegar Corp	$29.32	+0.84 2.95%	$29.34	$29.52	-0.68%	47,571 57.87%	82,200
Most Recent Note for TG - 3/20/2013 12:40:15 PM Hitting another new 52-week high today while adding to a recent spurt of gains marked by above average volume. The 3/15/13 mid-day report cautioned - "Showed better earnings increases in the Sep and Dec '12 quarters but its earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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TMH - NYSE - HEALTH SERVICES -Healthcare Information Service Team Health Hldgs Inc	$35.59	+1.57 4.61%	$35.88	$35.88	-0.81%	749,696 102.42%	732,000
Most Recent Note for TMH - 3/20/2013 12:46:19 PM Hitting a new 52-week high with today's volume-driven gain, rising from an orderly 6-week base. Completed yet another Secondary Offering on 2/12/13 and prior mid-day reports noted Secondary Offerings on 12/19/12, 9/12/12, and 6/29/12. Reported earnings +26% on +18% sales revenues for the Dec '12 period, above the +25% minimum guideline (C criteria) for only its 2nd consecutive quarterly comparison. Showed bullish action since rallying above the $30 area that acted as recent resistance in prior months after testing support at its 200 DMA line.
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UFI - NYSE - MANUFACTURING - Textile Manufacturing Unifi Inc	$18.99	+0.61 3.32%	$19.18	$19.30	-1.61%	42,996 65.94%	65,200
Most Recent Note for UFI - 3/20/2013 12:46:57 PM Extended from any base and hitting yet another new 52-week high with today's 7th consecutive volume-driven gain. Technically, its "breakaway gap" on 2/19/13 cleared a better than 3-month base during which it found prompt support near its 200 DMA line. Prior mid-day reports repeatedly cautioned - "Erratic sales revenues and earnings history in quarterly comparisons and its up and down annual earnings history make it not a match with the guidelines (C and A criteria) of the fact-based investment system."
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$182.64	+2.14 1.19%	$182.99	$191.34	-4.55%	46,227 104.82%	44,100
Most Recent Note for VRTS - 3/20/2013 12:50:04 PM Perched only -3.8% off its 52-week high hit last week after encountering some distributional pressure. Very extended from any sound base. Bullish action has continued since noted in the 1/30/13 mid-day report with caution - "Recent quarterly comparisons show greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines."
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