Mid-Day Breakouts Report - Tuesday, March 26th, 2013

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MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 26TH, 2013
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DOW 14526.91 79.16 (0.55%) | NASDAQ 3241.9 6.6 (0.20%) | S&P 500 1558.83 7.14 (0.46%)

Time of Screening : 3/26/2013 11:49:52 AM Report Released : 3/26/2013 12:46:28 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
AMBA - NASDAQ Ambarella Inc	$15.31	+1.18 8.35%	$15.33	704,389 311.54% of 50 DAV 50 DAV is 226,100	$15.33 -0.13%	3/26/2013	$15.31	PP = $14.83 MB = $15.57
Most Recent Note - 3/26/2013 11:59:13 AM Y - Color code is changed to yellow with pivot point based on its 3/08/13 high plus 10 cents. Gapped up for a 2nd consecutive session rallying for considerable gains with heavy volume. Hitting a new 52 week high today, rising from a cup-with-high-handle base. Reported earnings +80% on +28% sales revenues for the Jan '13 quarter. 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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MNTX - NASDAQ Manitex International	$12.53	+0.08 0.64%	$13.08	137,183 78.57% of 50 DAV 50 DAV is 174,600	$13.14 -4.64%	3/20/2013	$11.29	PP = $12.05 MB = $12.65
Most Recent Note - 3/26/2013 12:29:07 PM Y - Reversed from the session's early highs which had it again briefly trading above the "max buy" level. A considerable gain with heavy volume cleared its pivot point and triggered a technical buy signal on the prior session. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. >>> The latest Featured Stock Update with an annotated graph appeared on 3/20/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alliance Fiber Optic	$12.79	+0.47 3.81%	$12.82	$12.91	-0.94%	25,152 111.79%	22,500
Most Recent Note for AFOP - 3/26/2013 11:53:05 AM Challenging its 52-week high with a volume-driven gain today. Undercut its 50 DMA line and then rebounded during its consolidation from the highs since last noted in the 2/11/13 mid-day report with caution - "This Sunnyvale, CA based Telecom - Fiber Optics firm showed better increases in sales and earnings for the Sep and Dec '12 quarters versus the year ago period. Prior quarterly and annual earnings (A criteria) history has been below the fact-based investment system's guidelines."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$50.83	-0.69 -1.34%	$51.56	$51.74	-1.76%	32,871 60.54%	54,300
Most Recent Note for BBSI - 3/26/2013 12:01:30 PM Recently wedged to new 52-week highs with small gains lacking great volume conviction. It is extended from any sound base. Last noted in the 3/13/13 mid-day report with caution - "It showed stronger sales and earnings increases in the Jun, Sep, and Dec '12 quarterly comparisons satisfying the C criteria. Its annual earnings history (A criteria) has not been strong and steady enough to be a match with the fact-based system's guidelines, considering the drastic downturn in FY '08 and '09 earnings."
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CSV - NYSE - DIVERSIFIED SERVICES - Personal Services Carriage Services Inc	$20.85	+0.09 0.43%	$21.00	$21.00	-0.71%	81,214 65.55%	123,900
Most Recent Note for CSV - 3/26/2013 12:03:27 PM Inching to yet another new 52-week high today. Held its ground stubbornly after an impressive streak of volume-driven gains, and it is very extended from any sound base. Repeatedly noted in mid-day reports with caution - "Quarterly earnings increases (C criteria) have not been strong and steady enough to meet the fact-based investment system's guidelines."
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ECHO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Echo Global Logistics	$21.65	-0.04 -0.18%	$22.25	$22.25	-2.70%	165,112 103.78%	159,100
Most Recent Note for ECHO - 3/26/2013 12:07:42 PM Hit a new 52-week high today and then reversed into the red. Volume-driven gains in the past week helped it technically break out above the $20 area which was a stubborn resistance level in recent months. Reported earnings below the +25% minimum guideline (C criteria) in the Sep and Dec '12 quarterly comparisons versus the year ago periods. It survived but failed to impress since dropped from the Featured Stocks list on 7/24/12.
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FCFS - NASDAQ - Finance-Consumer Loans FirstCash Holdings Inc	$56.90	+1.41 2.53%	$57.02	$57.02	-0.22%	96,778 62.68%	154,400
Most Recent Note for FCFS - 3/26/2013 12:09:43 PM Recently wedging into new all-time high territory with gains lacking great volume conviction. Reported earnings +35% on +24% sales revenues for the Dec '12 quarter, however, fundamentals are sub par today with earnings increases reported below the +25% minimum guideline (C criteria) in the 3 prior quarterly comparisons. It survived but failed to impress since dropped from the Featured Stocks list on 9/23/11.
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GPK - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Graphic Packaging Hldg	$7.41	+0.16 2.21%	$7.43	$7.88	-5.96%	1,353,702 80.14%	1,689,200
Most Recent Note for GPK - 3/26/2013 12:11:53 PM Halted its slide near its 50 DMA line following a recent streak of 6 consecutive losses. Completed Secondary Offerings on 3/21/13 and on 12/12/12. Prior mid-day reports cautioned - "Quarterly sales and earnings increases (C criteria) have been below the guidelines of the fact-based investment system. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction Goldfield Corp	$5.25	-0.19 -3.49%	$5.60	$5.67	-7.41%	1,462,680 126.90%	1,152,600
Most Recent Note for GV - 3/26/2013 12:15:11 PM Reported strong sales revenues and earnings increases in the Dec '12 quarter but fundamental concerns remain. Retreating with heavy volume behind today's loss after hitting a new 52-week high with a volume-driven gain on the prior session. The 3/25/13 mid-day report cautioned - "Getting very extended from any sound base pattern. Showed much better sales revenues increases and earnings versus year ago losses in recent quarterly comparisons through Sep '12. Fundamentals fall short of the C and A criteria of the fact-based investment system. Low-priced stocks are discouraged from consideration unless solidly satisfying all key criteria."
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IBCP - NASDAQ - BANKING - Regional - Midwest Banks Independent Bank Corp Mi	$7.23	+0.56 8.39%	$7.24	$7.25	-0.28%	116,493 136.57%	85,300
Most Recent Note for IBCP - 3/26/2013 12:16:11 PM Challenging its 52-week high with a volume-driven gain today. Prior mid-day reports repeatedly cautioned - "Erratic sales revenues and earnings history in quarterly comparisons and its poor annual earnings history make it not a match with the guidelines (C and A criteria) of the fact-based investment system. Low-priced stocks are discouraged from consideration under the fact-based investment system unless all key criteria are solidly satisfied."
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LGF - NYSE - MEDIA - Movie Production, Theaters Lions Gate Entertainment	$23.73	+0.54 2.33%	$23.99	$23.99	-1.08%	1,006,942 77.06%	1,306,700
Most Recent Note for LGF - 3/26/2013 12:17:08 PM Hitting another new 52-week high today, getting more extended from any sound base pattern. Held its ground stubbornly and steadily rose since noted in the 2/12/13 mid-day report with caution - "Recent quarterly comparisons through Dec '12 showed greatly improved sales revenues and earnings versus year ago losses. Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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LL - NYSE - RETAIL - Home Improvement Stores Lumber Liquidators Hldgs	$70.25	+1.28 1.86%	$71.72	$71.72	-2.05%	479,552 67.17%	713,900
Most Recent Note for LL - 3/26/2013 12:20:03 PM Hitting yet another new 52-week high today with a volume-driven gain. Found support at its 50 DMA line on a pullback after recently rallying from an orderly 12-week base pattern. Reported earnings +67% on +21% sales revenues for the quarter ended December 31, 2012 versus the year ago period. Prior mid-day reports cautioned - "Strong quarterly earnings increases (above the +25% minimum) satisfy the C criteria. Annual earnings (A criteria) growth stalled after FY '09, raising fundamental concerns based on the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/10 after a 'negative reversal' on 4/26/10."
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LNDC - NASDAQ - CHEMICALS - Synthetics Landec Corporation	$13.09	-0.01 -0.08%	$13.43	$13.43	-2.53%	140,214 81.95%	171,100
Most Recent Note for LNDC - 3/26/2013 12:23:58 PM Due to report earnings for the quarter ended Feb 28, 2013 after the close. Holding its ground today following a gap up and considerable volume-driven gain for a new 52-week high on the prior session. Undercut its 50 DMA line during its consolidation and then rebounded since noted with caution near its prior high in the 1/15/13 mid-day report - "Showed strong earnings increases in the Nov '12 quarter and prior quarters were above the +25% guideline satisfying the C criteria. Its up and down annual earnings (A criteria) history remains a concern, so it is not a match with the fact-based investment system's guidelines. It survived but failed to impress since noted in the 9/28/07 mid-day report - 'Technically broke out this week with gains on volume but it has a questionable sales and earnings history.'"
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MCBC - NASDAQ - BANKING - Regional - Midwest Banks Macatawa Bank Corp	$5.51	+0.11 2.04%	$5.58	$6.10	-9.67%	91,710 61.22%	149,800
Most Recent Note for MCBC - 3/26/2013 12:26:01 PM Encountered distributional pressure since last noted in the 3/14/13 mid-day report at its 52-week high tallying a 4th consecutive volume-driven gain. Prior mid-day reports 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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NTWK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Netsol Technologies Inc	$13.12	+0.80 6.49%	$13.24	$13.25	-0.98%	278,579 90.04%	309,400
Most Recent Note for NTWK - 3/26/2013 12:30:25 PM Hitting a new 52-week high today following a brief consolidation. Noted in recent mid-day reports 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	$12.92	+0.10 0.78%	$12.97	$13.48	-4.15%	38,818 57.59%	67,400
Most Recent Note for OKSB - 3/26/2013 12:31:59 PM Trading near its 50 DMA line today. Consolidating 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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RFIL - NASDAQ - ELECTRONICS - Diversified Electronics R F Industries Ltd	$6.80	+0.05 0.74%	$7.02	$7.09	-4.09%	75,517 60.80%	124,200
Most Recent Note for RFIL - 3/26/2013 12:33:02 PM Perched at its 52-week high today and making its 3rd consecutive mid-day report appearance with its 3rd consecutive volume-driven gain. Reported strong sales revenues and earnings increases for the Jan '13 quarter. Found support at its 50 DMA line during its consolidation since noted in the 1/24/12 mid-day report with caution - "It faces no resistance due to overhead supply. Recent quarterly comparisons through Oct '12 showed stronger sales revenues increases and greatly improved earnings. Annual earnings history (A criteria) has been up and down, not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied.""
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SALM - NASDAQ - MEDIA - Broadcasting - Radio Salem Communications A	$8.30	+0.13 1.59%	$8.39	$8.40	-1.19%	44,725 87.18%	51,300
Most Recent Note for SALM - 3/26/2013 12:34:31 PM Perched at its 52-week high today while on track for a 7th consecutive volume-driven gain. Prior mid-day reports cautioned - "Recent quarterly comparisons through Dec '12 show strong earnings increases but with sub par sales revenues increases in the +4-6% range, not showing growth indicative of great demand for a hot new (N criteria) product or service. Up and down annual history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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SIRO - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Sirona Dental Systems	$71.76	+1.82 2.60%	$72.15	$73.98	-3.00%	223,682 67.37%	332,000
Most Recent Note for SIRO - 3/26/2013 12:37:09 PM Finding support at its 50 DMA line today after a streak of 9 small losses in the prior 10 sessions. Reported earnings +8% on +6% sales revenues for the Dec '12 quarter. Last noted in the 2/20/13 mid-day report with caution - "Quarterly comparisons have shown sub par sales revenues and earnings increases. It survived but failed to impress since last noted when dropped from the Featured Stocks list on 5/20/10."
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STX - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Seagate Technology	$36.12	+1.40 4.03%	$36.48	$37.94	-4.80%	5,237,390 80.21%	6,529,700
Most Recent Note for STX - 3/26/2013 12:39:50 PM This Computer- Data Storage firm found support near its 200 DMA line during its consolidation since gapping down on 1/29/13 when last noted in the mid-day report with caution - "Reported +5% earnings on +15% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria). It went through another deep consolidation including a trip below its 200 DMA line since last noted in the 8/10/12 mid-day report with caution - 'Its erratic earnings history is below the guidelines of the investment system. On 5/16/2006 it was dropped from the CANSLIM.net Featured Stocks list.'"
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TG - NYSE - CONSUMER NON-DURABLES - Rubber & Plastics Tredegar Corp	$31.52	+0.95 3.09%	$31.89	$31.89	-1.18%	75,344 84.09%	89,600
Most Recent Note for TG - 3/26/2013 12:40:40 PM Hitting yet another new 52-week high today while adding to a recent spurt of gains marked by above average volume. Prior mid-day reports repeatedly 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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WDC - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Western Digital Corp	$49.15	+1.87 3.96%	$49.97	$51.00	-3.63%	1,980,051 61.17%	3,237,200
Most Recent Note for WDC - 3/26/2013 12:44:54 PM Finding support at its 50 DMA line today, it is perched within close striking distance of its 52-week high. Prior chart highs in the $44-45 area acted as support since last noted in the 1/29/13 mid-day report with caution. Reported earnings +38% on +92% sales revenues for the Dec '12 quarter, and recent quarterly earnings increases easily satisfy the +25% minimum guideline (C criteria). Prior mid-day reports cautioned - "Rallying to a new 52-week high and trading above its 2010 high with a volume-driven gain. 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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WOR - NYSE - METALS & MINING - Steel & Iron Worthington Industries	$30.57	+0.81 2.74%	$30.84	$30.84	-0.86%	473,174 116.34%	406,700
Most Recent Note for WOR - 3/26/2013 12:46:08 PM Hitting another new 52-week high today with above average volume behind its 5th consecutive gain. Found support at its 50 DMA line while consolidating since noted in the 1/04/13 mid-day report with caution - "Reported better earnings in the Aug and Nov '12 quarters however its earnings history is not a match with the fact-based investment system's guidelines (C & A criteria)."
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