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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 28TH, 2012
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DOW 13115.05 -82.68 (-0.63%) | NASDAQ 3095.51 -24.84 (-0.80%) | S&P 500 1401.85 -10.67 (-0.76%)
Time of Screening : 3/28/2012 11:50:02 AM         Report Released : 3/28/2012 12:50:05 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
Max Buy
ALLT - NASDAQ
Allot Communications Ltd
$22.15 -0.74
-3.22%
$23.30 398,712
107.70% of 50 DAV
50 DAV is 370,200
$23.30
-4.92%
3/13/2012 $19.72 PP = $18.91
MB = $19.86
Most Recent Note - 3/28/2012 11:52:13 AM
G - Reversed into the red today after early gains for another new 52-week high. It is extended from its prior base. Disciplined investors do not chase extended stocks and always limit losses if ever any stock falls more than -7% from their purchase price. Prior highs near $18-19 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/19/2012. Click here.
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ALXN - NASDAQ
Alexion Pharmaceuticals
$89.16 -4.34
-4.64%
$93.83 2,219,666
175.91% of 50 DAV
50 DAV is 1,261,800
$95.01
-6.16%
3/12/2012 $87.87 PP = $87.73
MB = $92.12
Most Recent Note - 3/28/2012 11:53:46 AM
G - Pulling back today with above average volume, enduring distributional pressure after inching to a new all-time high on Monday. Support to watch is at its 50 DMA line ($82.97).
>>> The latest Featured Stock Update with an annotated graph appeared on 2/24/2012. 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
$74.93 +5.04
7.21%
$74.93 $73.93 1.35% 49,611
215.70%
23,000
Most Recent Note for AE - 3/28/2012 11:51:05 AM
Hitting yet another new 52-week high today, adding to its recent spurt of volume-driven gains. It has the look of a "climax run" and is very extended from any sound base pattern. 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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ARSD - NYSE - Oil&Gas-Refining/Mktg
Arabian American Devlpmt
$9.45 -0.42
-4.26%
$10.06 $10.09 -6.34% 64,342
130.51%
49,300
Most Recent Note for ARSD - 3/28/2012 11:56:31 AM
Pulling back today after technically rallying on the prior session with above average volume from a "double bottom" base and challenging its 52-week high. The 3/27/12 mid-day report noted - "The 2 latest quarterly comparisons (Sep and Dec '11) showed big sales revenues and earnings increases over the year-ago periods. The prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines."
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CACC - NASDAQ - FINANCIAL SERVICES - Credit Services
Credit Acceptance Corp
$101.01 -1.50
-1.46%
$103.06 $107.09 -5.68% 20,429
67.42%
30,300
Most Recent Note for CACC - 3/28/2012 11:57:55 AM
Pulling back from a new all-time high hit Monday. Found support above its 50 DMA line and near prior highs then rallied to new 52-week and all-time highs, showing mostly bullish action since its big gap up gain on 2/03/12, but it did not form a sound base pattern. Noted in prior mid-day reports - "Quarterly and annual earnings history has been strong and satisfies the C & A criteria, however the 3 recent quarters' earnings increases, sequentially, decelerated to the minimum +25% level in the Dec '11 comparison. Rebounded from a deep consolidation below its 200 DMA line since noted 8/05/11 - 'Based on weak action it will be dropped from the Featured Stocks list tonight.'"
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CHDN - NASDAQ - LEISURE - Gaming Activities
Churchill Downs Inc
$56.43 -0.65
-1.14%
$57.34 $60.00 -5.95% 23,865
68.19%
35,000
Most Recent Note for CHDN - 3/28/2012 12:00:36 PM
Consolidating above its 50 DMA line and perched -6.3% off its 52-week high with little resistance remaining due to overhead supply. The 3/14/12 mid-day report noted - "Quarterly sales revenues show deceleration in comparisons through Dec '11 while earnings improved over year ago figures. Its annual earnings (A criteria) history has not been strong and steady."
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CKEC - NASDAQ - MEDIA - Movie Production, Theaters
Carmike Cinemas Inc
$13.71 +0.01
0.07%
$13.75 $13.75 -0.29% 86,188
100.45%
85,800
Most Recent Note for CKEC - 3/28/2012 12:02:22 PM
Hit yet another new 52-week high today, adding to a recent spurt of volume-driven gains, getting very extended from any sound base pattern. 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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CPA - NYSE - TRANSPORTATION - Regional Airlines
Copa Holdings Sa
$79.70 +1.39
1.77%
$80.31 $80.31 -0.76% 304,598
89.43%
340,600
Most Recent Note for CPA - 3/28/2012 12:05:29 PM
Hit another new 52-week high today, making more progress following a big volume-driven gain on 3/26/12. Found support above its 50 DMA line while consolidating under prior chart highs since noted in the 2/21/12 mid-day report - "Reported earnings +3% on +23% sales revenues for the quarter ended December 31, 2011 versus the year ago period and went through a consolidation below its 200 DMA line again since noted in the 11/08/11 mid-day report - Its choppy consolidation is not considered to be a sound base pattern. The rebound above its 50 DMA line helped its outlook improve. Due to report earnings on November 9th. It promptly repaired a recent violation of its 200 DMA line after it was dropped from the Featured Stocks list on 9/30/11.'"
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DG - NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
$45.71 -0.04
-0.09%
$46.15 $47.59 -3.95% 10,644,877
588.15%
1,809,900
Most Recent Note for DG - 3/28/2012 12:08:14 PM
Pulling back with above average volume behind today's 2nd consecutive loss after proposing a Secondary Offering on 3/26/12 while perched at an all-time high, extended from any sound base. Prior mid-day reports 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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DORM - NASDAQ - AUTOMOTIVE - Auto Parts
Dorman Products Inc
$49.81 -0.25
-0.50%
$50.35 $50.85 -2.05% 35,954
90.56%
39,700
Most Recent Note for DORM - 3/28/2012 12:15:06 PM
Holding its ground today following volume driven gains for new 52-week and all-time highs this week, clearing all resistance. Found support above its 50 DMA line during its orderly consolidation since noted in the 2/22/12 mid-day report - "It has earned high ranks however its earnings history is not a good match with the fact-based system's guidelines. Went through a long consolidation and slumped below its 200 DMA line from the old high which was hit when noted in the 12/07/10 mid-day report - 'Extended from prior chart highs in the $25-26 area. It rallied from an inverse-head-and-shoulders type pattern since finding support at its 200 DMA following the previously noted 'breakaway gap' on 4/27/10. Leadership in the Auto/Truck - Replacement Parts group (L criteria) is a reassuring sign. The C criteria is satisfied as recent quarterly comparisons show earnings increases above the +25% guideline on +15%-20% better sales versus the year ago period. Its up and down annual earnings history (A criteria) is a concern.'"
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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
$43.50 -0.97
-2.18%
$44.70 $45.90 -5.23% 53,486
63.15%
84,700
Most Recent Note for DXPE - 3/28/2012 12:19:19 PM
Pulling back from its 52-week high hit on Monday with a volume-driven gain. Bullish action has continued since last noted in the 3/02/12 mid-day report after rallying from a tight 4-week consolidation 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. 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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FXCM - NYSE - Financial Svcs-Specialty
F X C M Inc Cl A
$13.42 -0.07
-0.52%
$13.53 $14.30 -6.15% 241,707
64.37%
375,500
Most Recent Note for FXCM - 3/28/2012 12:22:54 PM
Quarterly comparisons show sales revenues and earnings not meeting the guidelines of the fact-based investment system. Recent spurt of gains helped it rally from below its 50 & 200 DMA lines, rising near previously stubborn resistance in the $14-15 area.
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HCKT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Hackett Group Inc
$6.08 -0.01
-0.16%
$6.21 $6.21 -2.09% 102,702
59.30%
173,200
Most Recent Note for HCKT - 3/28/2012 12:25:33 PM
Today it is holding its ground after spiking to new 52-week highs with 2 consecutive volume-driven gains. It was noted in the 3/26/12 mid-day report while clearing prior highs hit at around the time it was noted in 6/28/11 mid-day report - "Low-priced Computer -Tech Services firm's earnings history has not been strong and steady."
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IACI - NASDAQ - INTERNET - Internet Software & Services
I A C/Interactivecorp
$48.99 -1.34
-2.66%
$49.66 $51.05 -4.04% 1,121,795
112.17%
1,000,100
Most Recent Note for IACI - 3/28/2012 12:29:40 PM
Gapped down today after quietly touching a new 52-week high this week and a "negative reversal" on the prior session. No overhead supply remains to act as resistance. Reported earnings +169% on +32% sales revenues for the quarter ended December 31, 2011 versus the year ago period since noted in the 11/07/11 mid-day report - "Recent quarters show good sales revenues increases and strong earnings increases satisfying the C criteria, however its annual earnings (A criteria) history has been up and down, not a match with the fact-based system's guidelines."
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INWK - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Innerworkings Inc
$11.95 +0.29
2.49%
$12.05 $12.24 -2.37% 348,498
147.86%
235,700
Most Recent Note for INWK - 3/28/2012 12:31:10 PM
Up today with higher volume while trading within close striking distance of its 52-week high. Held its ground while enduring distributional pressure in recent weeks while prior mid-day reports noted - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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MAIN - NYSE - LEISURE - Restaurants
Main Street Capital Corp
$24.44 -0.01
-0.04%
$24.87 $25.67 -4.79% 140,625
63.43%
221,700
Most Recent Note for MAIN - 3/28/2012 12:36:02 PM
Consolidating since last noted in the 3/19/12 mid-day report at its all-time high - "It has steadily advanced in recent weeks and it is extended from any sound base. Last noted in the 1/31/12 mid-day report - 'Technically it broke out on 11/30/11 with a volume-driven gain and it has been wedging to new 52-week and all-time highs in recent weeks with small gains lacking great volume conviction. It completed Public Offerings on 3/22/11 and 10/19/11. Quarterly comparisons have shown strong sales revenues and earnings increases satisfying the C criteria. A downturn in FY '09 earnings is a flaw concerning the A criteria.'"
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PATK - NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
$12.07 +0.36
3.03%
$12.15 $12.15 -0.70% 64,492
92.00%
70,100
Most Recent Note for PATK - 3/28/2012 12:36:42 PM
Hit yet another new 52-week high today, adding to an impressive spurt of volume-driven gains. Prior mid-day reports noted - "Technically it is extended from prior chart highs, too far from any sound base. Fundamentally it is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration as buy candidates unless all key criteria are solidly satisfied."
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles
Polaris Industries Inc
$73.12 -0.66
-0.89%
$73.74 $73.96 -1.14% 469,081
58.77%
798,200
Most Recent Note for PII - 3/28/2012 12:40:18 PM
Holding its ground today near its 52-week high after 3 consecutive volume-driven gains. Recently found support near its 50 DMA line. Prior mid-day reports noted - "Reported earnings +15% on +26% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Its annual earnings (A criteria) history has been up and down and below the guidelines of the fact-based system.'"
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PVH - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
P V H Corp
$89.03 -0.78
-0.87%
$92.40 $92.40 -3.65% 1,417,357
198.62%
713,600
Most Recent Note for PVH - 3/28/2012 12:43:47 PM
Churning above average volume today at its 52-week high, extended from any sound base pattern. Reported earnings +27% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Prior mid-day reports noted - "Its FY '09 and FY '10 earnings dipped after showing great annual earnings growth in prior years. Earnings rose +13% on +9% sales revenues for the quarter ended October 31, 2011 versus the year ago period, below the investment system's guidelines concerning the C criteria."
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RATE - NYSE - INTERNET - Internet Information Providers
Bankrate Inc
$24.99 +0.27
1.09%
$25.49 $25.95 -3.70% 515,975
135.36%
381,200
Most Recent Note for RATE - 3/28/2012 12:49:20 PM
Rising near its 52-week high today with a 4th consecutive gain on ever-increasing volume, rebounding this week from below its 50 DMA line. Reported earnings +111% on +47% sales revenues for the quarter ended December 31, 2011 versus the year ago period. Traded up from its 6/17/11 IPO and completed a Secondary offering on 12/06/11. Recent quarterly comparisons showed strong sales revenues increases and solid earnings versus year ago losses. Its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.

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