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 MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 23RD, 2012
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DOW 13075.24 29.1 (0.22%) | NASDAQ 3059.99 -3.33 (-0.11%) | S&P 500 1395.34 2.56 (0.18%)
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Time of Screening :
3/23/2012 12:09:08 PM Report Released :
3/23/2012 1:20:27 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
ACN
- NYSE
Accenture Plc
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$64.13
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+0.61
0.96%
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$64.48
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2,882,944
81.58% of 50 DAV
50 DAV is 3,533,900
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$64.48
-0.54%
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3/23/2012 |
$64.13
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PP = $63.76
MB = $66.95 |
Most Recent Note - 3/23/2012 12:24:48 PM
Y - Inching into new all-time high territory this week while overcoming mild distributional pressure. Technically it is a bit extended after breaking out from an earlier base on 3/05/12. Color code is changed to yellow with pivot point cited based on its 7/07/11 high plus 10 cents. A convincing volume-driven gain above the pivot point cited may trigger a new (or add-on) technical buy signal. Reported earnings +29% on +12% sales revenues for the quarter ended February 29, 2012 and 3 of the 4 most recent quarterly comparisons show encouraging earnings increases above the +25% minimum guideline, however sales revenues increases show deceleration. Annual earnings (A criteria) growth has been good. Increasing ownership by top-rated funds (I criteria) is reassuring, however it is already heavily owned by the institutional crowd.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2008. Click here.
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LULU
- NASDAQ
Lululemon Athletica
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$76.06
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+0.11
0.14%
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$76.65
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1,854,134
88.07% of 50 DAV
50 DAV is 2,105,300
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$76.66
-0.79%
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1/10/2012 |
$60.97
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PP = $59.46
MB = $62.43 |
Most Recent Note - 3/23/2012 1:01:37 PM
G - Reported +59% earnings on +51% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Holding its ground today after another volume-driven gain for a new all-time high. It is extended from any sound base, and its 50 DMA line defines near-term chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/21/2012. Click here.
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RGR
- NYSE
Sturm Ruger & Co Inc
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$47.82
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-0.11
-0.23%
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$48.66
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239,850
84.10% of 50 DAV
50 DAV is 285,200
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$48.66
-1.73%
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3/22/2012 |
$46.49
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PP = $46.78
MB = $49.12 |
Most Recent Note - 3/23/2012 1:09:05 PM
Y - Holding its ground today. Featured in yellow in the prior mid-day report with pivot point cited based on its 52-week high plus 10 cents after a 5-week flat base pattern. It found support above its 50 DMA line while consolidating since hitting its old high on 2/22/12, and its considerable gap up gain with more than 4 times average volume helped it hit a new 52-week high and trigger a technical buy signal. Reported earnings +80% on +45% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Its 3 latest quarterly comparisons showed strong earnings increases well above the +25% minimum guideline while sales revenues showed impressive acceleration. It also has a good annual earnings (A criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2012. Click here.
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TNGO
- NASDAQ
Tangoe Inc
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$18.93
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-0.20
-1.05%
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$19.23
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341,273
89.20% of 50 DAV
50 DAV is 382,600
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$19.90
-4.87%
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2/13/2012 |
$15.39
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PP = $16.51
MB = $17.34 |
Most Recent Note - 3/23/2012 1:14:43 PM
G - Perched just -4.8% off its 52-week high today and working on a base-on-base type pattern. Consolidating above prior highs in the $16 area and its 50 DMA line defining support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2012. Click here.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AE
- AMEX - Oil&Gas-Refining/Mktg
Adams Res & Energy Inc
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$60.73 |
+1.83
3.11%
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$60.73
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$60.95
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-0.36% |
19,091
91.34%
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20,900
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Most Recent Note for AE - 3/23/2012 12:26:13 PM
Hitting a new 52-week high today while adding to its recent spurt of volume-driven gains. Fundamentals remain a concern, as was the case when this thinly-traded AMEX listed stock was noted in the 6/23/08 mid-day report - "Questionable annual earnings history (the A criteria) but recent quarterly comparisons show better sales revenues and earnings increases."
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CKEC
- NASDAQ - MEDIA - Movie Production, Theaters
Carmike Cinemas Inc
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$13.16 |
+0.40
3.13%
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$13.16
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$13.16
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0.00% |
53,102
67.73%
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78,400
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Most Recent Note for CKEC - 3/23/2012 12:26:53 PM
Perched at its 52-week high today and adding to a recent spurt of volume-driven gains. Strong action came in recent weeks as the company provided encouraging guidance and received an analyst upgrade, however prior mid-day reports repeatedly noted - "Fundamentals still are not a match with the investment system's guidelines. It survived but failed to impress since noted in the 10/14/09 mid-day report - 'Poor annual earnings history.'"
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CMN
- NYSE - HEALTH SERVICES - Medical Instruments & Supplies
Cantel Medical Corp
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$24.14 |
-0.35
-1.43%
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$24.50
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$24.88
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-2.97% |
77,310
74.84%
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103,300
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Most Recent Note for CMN - 3/23/2012 12:29:10 PM
Recently inching to new 52-week highs with a spurt of volume-driven gains. Last noted in the 3/09/12 mid-day report - "Do not be confused by a 3:2 share split impacting prices effective 2/02/12. Reported earnings +32% on +20% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Its annual earnings (the A criteria) history has been strong in recent years, however the prior 7 quarterly comparisons through Oct '11 showed earnings increases below the +25% guideline. This Medical - Systems/Equipment firm survived but failed to impress since dropped from the Featured Stocks list on 4/15/05."
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DAR
- NYSE - Agricultural Operations
Darling International
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$17.75 |
+0.19
1.08%
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$17.80
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$19.62
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-9.53% |
607,186
69.02%
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879,700
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Most Recent Note for DAR - 3/23/2012 12:33:59 PM
Reported earnings +14% on +90% sales revenues for the quarter ended December 31, 2012 versus the year ago period. Went through a deep consolidation below its 200 DMA line and it has recently been rebounding toward its 52 week high hit around the time when it was last noted in the 5/31/11 mid-day report - "It completed a 1/28/11 Public Offering. Sales and earnings history are below the investment system's guidelines. It put up 2 consecutive quarters of robust sales revenues and earnings increases following a downturn and negative comparisons in prior quarters and in FY '09. "
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DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$46.94 |
+0.80
1.73%
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$47.49
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$47.49
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-1.16% |
1,320,099
79.07%
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1,669,500
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Most Recent Note for DG - 3/23/2012 12:35:24 PM
Small gap up gain today, getting more extended from a sound base. The 3/22/12 mid-day report noted - "Reported earnings +38% on +20% sales revenues for the quarter ended January 31, 2012 versus the year ago period, showing encouraging acceleration in sequential quarterly sales and earnings increases. Its fundamentals (C & A criteria) are now resembling past great winners, and patient investors may watch for secondary buy points to possibly develop and be noted. Gapped up today and hit a new all-time high with another volume-driven gain. Secondary Offerings were completed on 9/08/11 and on 12/07/11. Its 50 DMA line acted as a support level throughout its ongoing advance, however it is too extended from any sound base pattern to meet the fact-based system's technical guidelines for buy candidates. "
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DHI
- NYSE - Bldg-Resident/Comml
D R Horton Inc
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$15.45 |
+0.03
0.19%
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$15.53
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$16.45
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-6.08% |
8,023,115
102.51%
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7,826,900
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Most Recent Note for DHI - 3/23/2012 12:37:38 PM
Consolidating above prior highs and above its 50 DMA line after recently rallying to new 52-week highs with a spurt of volume-driven gains. The 3/09/12 mid-day report noted - "Fundamentals are not a match with the fact-based investment system's guidelines. It survived but failed to impress since dropped from the Featured Stocks list on 7/06/05."
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$48.88 |
+0.44
0.91%
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$49.97
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$49.97
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-2.18% |
1,099,397
65.62%
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1,675,300
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Most Recent Note for DKS - 3/23/2012 12:40:43 PM
Hitting yet another new 52-week and all-time high today with its 5th consecutive gain while on track for its 11th consecutive weekly gain. Reported earnings +16% on +6% sales revenues for the quarter ended January 31, 2012 versus the year ago period. It slumped below its 50 and 200 DMA lines then rebounded since 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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DSW
- NYSE - RETAIL - Apparel Stores
D S W Inc
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$53.88 |
-1.09
-1.98%
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$54.40
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$57.06
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-5.57% |
650,190
142.34%
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456,800
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Most Recent Note for DSW - 3/23/2012 12:43:25 PM
Small gap down today. Reported earnings +24% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Recently encountering distributional pressure near its all-time highs, meanwhile no resistance remains due to overhead supply. Prior mid-day reports noted - "Recent quarterly comparisons and earnings had improved greatly, but the Oct '11 period showed earnings +11% on +8% sales revenues, below the guidelines of the fact-based system, and a downturn in FY '08 & '09 annual earnings (A criteria) history is another fundamental flaw."
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FL
- NYSE - RETAIL - Apparel Stores
Foot Locker Inc
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$30.59 |
-0.60
-1.92%
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$31.17
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$31.33
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-2.36% |
1,344,081
69.62%
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1,930,500
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Most Recent Note for FL - 3/23/2012 12:50:06 PM
Perched at its 52-week high today, extended from any sound base pattern. Held its ground stubbornly as it gradually 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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GEL
- NYSE - ENERGY - Oil & Gas Pipelines
Genesis Energy Lp
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$30.81 |
-1.16
-3.61%
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$30.85
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$33.81
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-8.89% |
1,827,783
760.63%
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240,300
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Most Recent Note for GEL - 3/23/2012 12:53:34 PM
Gapped down today testing support at its 50 DMA line after discounting a new Public Offering of 5 million units. recent quarterly comparisons showed improving sales revenues and earnings increases but its prior quarterly and annual earnings history has been erratic and not match with the investment system's guidelines.
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INVN
- NYSE - ELECTRONICS - Scientific & Technical Instrum
Invensense Inc
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$21.31 |
+1.04
5.13%
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$21.55
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$21.72
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-1.89% |
1,044,038
69.92%
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1,493,100
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Most Recent Note for INVN - 3/23/2012 12:55:13 PM
Challenging its 52-week high today and gradually making progress above the prior chart high since finding support at its 50 DMA line. It hails from the Electronics - Semiconductor Manufacturing group which has recently shown better leadership (L criteria). The brief recent consolidation was not recognized as a sound base pattern, and prior mid-day reports noted - "Its 11/16/11 IPO was priced at $8 per share, and the firm's limited history is a concern. "
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KORS
- NYSE - RETAIL - Apparel Stores
Michael Kors Hldgs Ltd
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$47.52 |
-1.20
-2.46%
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$47.59
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$50.69
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-6.25% |
12,751,747
669.49%
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1,904,700
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Most Recent Note for KORS - 3/23/2012 12:57:18 PM
Small gap down today after pricing the previously proposed Secondary Offering. Consolidating near its all-time high without forming a new sound base pattern since prior mid-day reports noted - "Limited history is a concern and it is extended from any sound base pattern, up considerably from its 12/15/11 IPO priced at $20."
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MNTX
- NASDAQ - Machinery-Gen Industrial
Manitex International
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$7.51 |
+0.21
2.88%
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$7.65
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$7.86
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-4.45% |
54,428
60.54%
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89,900
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Most Recent Note for MNTX - 3/23/2012 1:03:39 PM
This low-priced stock is perched near its 52-week high after a recent spurt of volume-driven gains. Reported earnings +13% on +24% for the quarter ended December 31, 2011 versus the year ago period. Last noted in the 2/27/12 mid-day report - "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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PCLN
- NASDAQ - INTERNET - Internet Software & Services
Priceline.com Inc
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$713.82 |
+1.83
0.26%
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$717.17
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$717.17
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-0.47% |
523,511
57.92%
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903,800
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Most Recent Note for PCLN - 3/23/2012 1:04:57 PM
Hitting yet another new 52-week high today, getting more extended from any sound base pattern. Reported earnings 58% on +35% sales revenues for the quarter ended December 31, 2011 versus the year ago period. No base has formed since noted in the 3/07/12 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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PHM
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
Pulte Group Inc
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$8.97 |
-0.15
-1.64%
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$9.01
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$9.69
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-7.43% |
13,436,612
104.23%
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12,891,100
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Most Recent Note for PHM - 3/23/2012 1:07:10 PM
Down today, testing support at its 50 DMA line again. Last noted in the 2/15/12 mid-day report - "It survived but failed to impress since last noted on 11/08/05 when dropped from the Featured Stocks list. Earnings history is not a match with the fact-based investment system."
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RYAAY
- NASDAQ - TRANSPORTATION - Regional Airlines
Ryanair Hldgs Plc Adr
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$34.43 |
+0.17
0.50%
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$34.48
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$35.13
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-1.99% |
198,952
65.38%
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304,300
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Most Recent Note for RYAAY - 3/23/2012 1:10:38 PM
Consolidating in a tight range for the past 8 weeks and perched above its 50 DMA line just -1.7% from its 52-week high today. 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."
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SIM
- AMEX - METALS & MINING - Steel & Iron
Grupo Simec Sab Cv Ads
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$9.16 |
+0.00
0.00%
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$9.24
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$9.74
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-5.95% |
18,384
65.42%
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28,100
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Most Recent Note for SIM - 3/23/2012 1:12:46 PM
Pulling back from its 52-week high hit earlier this week after recently rallying with volume-driven gains. No resistance remains due to overhead supply. Prior mid-day reports noted - "Quarterly and annual earnings history is not a match with the guidelines for the C & A criteria."
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WDC
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Western Digital Corp
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$42.54 |
+0.48
1.14%
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$42.59
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$42.66
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-0.28% |
2,705,833
67.08%
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4,033,800
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Most Recent Note for WDC - 3/23/2012 1:17:32 PM
Up again today following an impressive volume-driven gain for a new 52-week high on the prior session. The 2/29/12 mid-day report noted - "Quarterly and annual earnings history is below the investment system's guidelines. Results have been erratic since a previously noted downturn in FY '09 earnings damaged its previously good annual (A criteria) growth history."
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WTS
- NYSE - MANUFACTURING - Industrial Equipment & Compone
Watts Water Technologies
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$40.22 |
+0.33
0.83%
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$40.22
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$42.00
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-4.24% |
188,188
83.34%
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225,800
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Most Recent Note for WTS - 3/23/2012 1:19:42 PM
Holding its ground today above its 50 DMA line. Recently wedged to new 52-week highs without great volume conviction behind its small gains. The 2/22/12 mid-day report noted - "The Sep and Dec '11 quarterly comparisons showed improving sales revenues and earnings increases. Prior quarterly comparisons showed sub par results and its annual earnings (A criteria) history has not been strong and steady."
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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.
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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
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