Mid-Day Breakouts Report - Wednesday, April 24th, 2013

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, APRIL 24TH, 2013
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DOW 14690.56 -28.9 (-0.20%) | NASDAQ 3260.4 -8.93 (-0.27%) | S&P 500 1578.95 0.17 (0.01%)

Time of Screening : 4/24/2013 11:43:48 AM Report Released : 4/24/2013 12:57:21 PM
Price is: Above 52W High and Less Than 52W High but within 6% 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
CELG - NASDAQ Celgene Corp	$121.86	-4.14 -3.29%	$124.69	2,015,966 65.29% of 50 DAV 50 DAV is 3,087,600	$128.52 -5.18%	3/27/2013	$113.24	PP = $115.54 MB = $121.32
Most Recent Note - 4/24/2013 11:59:59 AM G - Gapped down today, retreating from a new all-time high hit on the prior session before reversing into the red. It is extended from any sound base. Its 50 DMA line ($111.45 now) defines important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2013. 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	$15.28	+1.00 7.00%	$15.39	$15.39	-0.71%	52,268 225.29%	23,200
Most Recent Note for AFOP - 4/24/2013 11:46:12 AM Spiking to new 52-week highs today with a 3rd consecutive volume-driven gain, getting more extended from any sound base. This Sunnyvale, CA based Telecom - Fiber Optics firm showed better increases in sales and earnings for the Sep, Dec '12, and Mar '13 quarters versus the year ago period, above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been below the fact-based investment system's guidelines.
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AOS - NYSE - CONSUMER DURABLES - Electronic Equipment Smith A O Corp	$74.76	+1.40 1.91%	$75.19	$75.20	-0.59%	252,397 69.47%	363,300
Most Recent Note for AOS - 4/24/2013 11:47:15 AM Gapped up for a 2nd consecutive session today hitting new 52-week highs after rebounding above its 50 DMA line. Reported earnings +41% on +9% sales for the Mar '13 quarter, but prior mid-day reports cautioned - "Its annual earnings history (A criteria) has not been strong and steady."
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$45.17	-1.15 -2.48%	$45.64	$46.87	-3.63%	1,659,634 88.77%	1,869,600
Most Recent Note for ARMH - 4/24/2013 11:48:51 AM Pulling back today following a considerable gap up on the prior session from below its 50 DMA line, rallying for a considerable volume-driven gain and hitting a new 52-week high. The 4/23/13 mid-day report cautioned - "Reported earnings +18% on +25% sales for the Dec '12, and only 1 quarter of the 4 prior quarterly comparisons came in with an earnings increase above the +25% minimum earnings guideline (C criteria). There was a downturn in its FY '09 earnings, and its annual earnings history (A criteria) was previously noted as below the guidelines of the fact-based investment system."
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AVY - NYSE - Office Supplies Mfg Avery Dennison Corp	$41.33	+0.04 0.10%	$42.48	$43.64	-5.29%	981,113 110.64%	886,800
Most Recent Note for AVY - 4/24/2013 11:52:48 AM Consolidating near its 50 DMA line. In recent weeks reached new 52-week and multi-year highs. Last noted in the 2/14/13 - "Erratic earnings history is not a match with the fact-based investment system's fundamental guidelines."
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BX - NYSE - FINANCIAL SERVICES - Asset Management Blackstone Group Lp	$20.31	+0.04 0.20%	$20.37	$21.46	-5.36%	3,301,740 64.78%	5,097,100
Most Recent Note for BX - 4/24/2013 11:57:36 AM Consolidating above its 50 DMA line. Reported earnings +164% on +31% sales revenues for the Mar '13 quarter, but fundamental concerns remain due to its erratic earnings history. When rallying above its 2011 high into new high territory it was last noted in 3/13/13 mid-day report with caution - "Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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COR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Coresite Realty Corp	$36.09	-1.59 -4.22%	$38.01	$38.23	-5.60%	330,776 164.65%	200,900
Most Recent Note for COR - 4/24/2013 12:02:35 PM Retreating from its 52-week high hit on the prior session. Reported earnings +14% on +17% sales revenues for the Mar '13 quarter. Last noted in the 3/25/13 mid-day report with caution. Earnings increases in recent quarterly comparisons through Dec '12 have been below or near the +25% minimum earnings guideline. Extended from any sound base pattern, perched at its 52-week high with no resistance remaining due to overhead supply.
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CREE - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Cree Inc	$55.75	-1.94 -3.36%	$56.47	$58.00	-3.88%	4,793,494 200.62%	2,389,300
Most Recent Note for CREE - 4/24/2013 12:07:05 PM Pulling back today from the new 52-week high hit on the prior session after a streak of 3 consecutive gains. Reported earnings +70% on +23% sales revenues for the Mar '13 quarter, but fundamental concerns remain. Found support at its 50 DMA line during its latest consolidation. Prior mid-day reports cautioned - "It faces additional resistance due to overhead supply. Fundamentally, its quarterly and annual earnings (C and A criteria) have been below guidelines of the fact-based investment system."
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DCO - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Ducommun Inc	$21.92	-0.22 -0.99%	$22.31	$22.60	-3.01%	40,725 64.13%	63,500
Most Recent Note for DCO - 4/24/2013 12:07:20 PM Still hovering near its 52-week high. Noted in prior mid-day reports repeatedly with caution - "It faces additional resistance due to overhead supply. Erratic quarterly earnings and sales revenues and its up and down annual earnings history leave fundamental concerns (C and A criteria)."
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HAS - NASDAQ - CONSUMER DURABLES - Toys & Games Hasbro Inc	$46.79	-0.97 -2.03%	$47.70	$48.46	-3.45%	1,159,927 79.81%	1,453,300
Most Recent Note for HAS - 4/24/2013 12:09:19 PM Holding its ground perched at its 52-week high following a streak of 4 consecutive gains. As was the case when last noted in the 10/18/10 mid-day report with caution - "Quarterly sales revenues and earnings comparisons have been below guidelines for this toymaker."
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$62.75	+0.31 0.50%	$63.06	$63.82	-1.68%	850,312 71.07%	1,196,400
Most Recent Note for ILMN - 4/24/2013 12:12:48 PM Gapped up on the prior session for a new 52-week high. Reported earnings +28% on +21% sales for the Mar '13 quarter, but fundamental concerns remain after sub par results in the Dec '12 quarter. Went through a consolidation below its 50 DMA line then rebounded to new highs since last noted in the 12/20/12 mid-day report with caution - "Quarterly and annual earnings history (C and A criteria) remains a concern although it reported better increases in the Sep '12 quarter. Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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KOF - NYSE - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Femsa Sab Ads	$171.25	-7.41 -4.15%	$179.05	$181.35	-5.57%	69,271 73.07%	94,800
Most Recent Note for KOF - 4/24/2013 12:14:49 PM Retreating from all-time highs with above average volume behind today's considerable loss. Last noted in the 3/05/13 mid-day report with caution - "Reported better earnings increases in the Sep and Dec '12 quarters after many quarters showed sub par sales revenues and earnings increases. It made impressive progress since last noted in the 9/28/10 mid-day report with caution - 'No resistance remains due to overhead supply. Its annual earnings (A criteria) history has not been strong and steady and the recent quarterly comparison showed deceleration as for the quarter ended June 30, 2010 it reported +18% earnings on +7% sales revenues.'"
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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$45.47	-0.46 -1.00%	$49.12	$49.12	-7.43%	446,994 149.65%	298,700
Most Recent Note for LAD - 4/24/2013 12:18:37 PM Hit a new all-time high with today's considerable early gain then pulled back. On track for a 5th consecutive gain after finding support near its 50 DMA line. It has earned high ranks and has no resistance remaining due to overhead supply. Reported strong earnings and sales revenues increases for the Mar '13. This Retail/Wholesale - Automobile firm's sales revenues and earnings showed improvement in recent quarterly comparisons. It annual earnings history (A criteria) has been improving impressively after a dramatic downturn in FY '07 and '08 earnings.
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LL - NYSE - RETAIL - Home Improvement Stores Lumber Liquidators Hldgs	$80.00	+9.51 13.49%	$80.00	$80.70	-0.87%	1,696,377 242.83%	698,600
Most Recent Note for LL - 4/24/2013 12:25:40 PM Gapped up today and hit another new 52-week high with a considerable volume-driven gain following a short consolidation. Found support at its 50 DMA line recently. Reported earnings +97% on +23% sales revenues for the quarter ended March 31, 2013 versus the year ago period. Strong quarterly earnings increases (above the +25% minimum) satisfy the C criteria. Annual earnings (A criteria) growth stalled after FY '09 through FY '11, previously noted as a concern.
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MDCI - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Medical Action Ind Inc	$6.90	+0.19 2.83%	$6.90	$7.05	-2.13%	46,548 58.62%	79,400
Most Recent Note for MDCI - 4/24/2013 12:27:27 PM Hitting another new 52-week high with today's 2nd consecutive volume-driven gain. The 4/23/13 mid-day report cautioned - "Fundamental concerns remain with respect to the fact-based investment system's C and A criteria (earnings history). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. It survived but failed to impress since long ago noted in the 12/17/09 mid-day report with caution - 'Its lack of sales revenue growth and a substantial downturn in earnings in FY '09 are fundamental concerns. Gapped down today, pulling back from its 52-week high. A streak of gains in 12 of the past 13 sessions was marked by above average volume as it broke out above resistance in the mid-$14 area.'"
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MKTX - NASDAQ - FINANCIAL SERVICES - Investment Brokerage - Nationa Marketaxess Holdings Inc	$41.58	+1.61 4.03%	$42.13	$42.75	-2.74%	328,814 96.34%	341,300
Most Recent Note for MKTX - 4/24/2013 12:30:43 PM Gapped up today approaching its 52-week high. Reported earnings +14% on +9% sales revenues for the Mar '13 quarter, well below the +25% minimum earnings guideline. Undercut its 50 DMA line during its consolidation then rebounded since last noted in the 2/26/13 mid-day report with caution - "Fundamentals have deteriorated with sub par earnings in the Jun and Sep '12 quarters reported since weak action prompted it to be dropped from the Featured Stocks list on 5/04/12."
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$46.40	+1.31 2.91%	$47.84	$48.62	-4.57%	799,349 133.42%	599,100
Most Recent Note for MTH - 4/24/2013 12:33:40 PM Rebounding toward its 52-week high with today's 4th consecutive gain after finding support near its 200 DMA line. Undercut its 50 DMA line during its consolidation since last noted in the 3/19/13 mid-day report with caution - "It may be an interesting turnaround story, but fundamental flaws make it not a match with the fact-based investment system's guidelines today. It survived but failed to impress since noted on 10/05/05 as it was dropped from our Featured Stocks list after having more than doubled since featured in earlier reports."
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OSTK - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Overstock.com Inc	$18.95	+0.04 0.21%	$19.00	$19.25	-1.56%	168,778 93.56%	180,400
Most Recent Note for OSTK - 4/24/2013 12:39:06 PM Perched at its 52-week high today, holding its ground stubbornly following considerable gap up gains backed by heavy volume last week. Reported earnings +167% on +19% sales revenues for the Mar '13 quarter. Found support near its 200 DMA line during its consolidation since noted in the 1/25/13 mid-day report - "Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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PKG - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Packaging Cp Of America	$45.77	+0.24 0.53%	$46.81	$46.81	-2.22%	542,781 57.72%	940,400
Most Recent Note for PKG - 4/24/2013 12:40:41 PM Perched at its 52-week high today on track for a 4th consecutive gain. The 4/23/13 mid-day report cautioned - "Recently found support at its 50 DMA line. Reported earnings +48% on +12% sales for the Mar '13 quarter. Quarterly earnings increases have been above the +25% minimum guideline (C criteria) but backed by sub par sales revenues growth, and its annual earnings (A criteria) history is not a good match with the fact-based investment system."
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RUTH - NASDAQ - LEISURE - Restaurants Ruths Hospitality Group	$9.80	+0.11 1.14%	$9.80	$10.10	-2.97%	134,225 63.05%	212,900
Most Recent Note for RUTH - 4/24/2013 12:42:18 PM Found support at its 50 DMA line on the latest pullback after forming an orderly base pattern. Reported earnings +100% on +15% sales revenues for the Dec '12 quarter. Found support at its 50 DMA line after clearing a 9 month base when noted in the 1/09/13 mid-day report with caution - "Recent quarters through Sep '12 showed better earnings increases but with sub par sales revenues growth. Its annual earnings (A criteria) history has not been strong and steady. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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SMFG - NYSE - BANKING - Money Center Banks Sumitomo Mitsui Finl Adr	$9.10	+0.03 0.33%	$9.10	$9.55	-4.71%	7,332,134 364.87%	2,009,500
Most Recent Note for SMFG - 4/24/2013 12:42:34 PM Still perched near its 52-week high. Prior mid-day reports cautioned - "Earnings history has been erratic and not a match with the fact-based investment system."
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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$81.50	+0.86 1.07%	$82.10	$84.55	-3.61%	1,590,987 59.92%	2,655,300
Most Recent Note for TMO - 4/24/2013 12:45:18 PM Hovering near its 52-week high. Reported earnings +17% on +4% sales revenues for the Mar '13 quarter, the 4th consecutive quarterly comparison with earnings growth below the +25% minimum guideline (C criteria) . Found support at its 50 DMA line when consolidating, then rallied to new highs since noted in the 12/11/12 mid-day report - "Sales and earnings history are below guidelines of the fact-based investment system."
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TREE - NASDAQ - Finance-Mrtg&Rel Svc Lendingtree Inc.	$19.62	-0.01 -0.05%	$19.89	$19.89	-1.36%	13,900 62.05%	22,400
Most Recent Note for TREE - 4/24/2013 12:48:31 PM Perched at its 52-week high after recently wedging higher with gains lacking great volume conviction. When rallying to new highs with above average volume the 3/14/13 mid-day report cautioned - "Found support near prior highs in the $16* area during its orderly base-on-base pattern. 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	$53.15	-0.09 -0.17%	$54.53	$54.53	-2.53%	1,554,745 60.17%	2,583,900
Most Recent Note for WDC - 4/24/2013 12:51:16 PM Touched a new 52-week high today then reversed into red. Its 50 DMA line and prior chart highs in the $44-45 area acted as support since 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). Its up and down annual earnings (A criteria) growth history is a fundamental concern.
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WRLD - NASDAQ - FINANCIAL SERVICES - Credit Services World Acceptance Corp	$88.06	-3.34 -3.65%	$91.31	$92.63	-4.93%	106,653 93.47%	114,100
Most Recent Note for WRLD - 4/24/2013 12:54:57 PM Retreating from its 52-week high following a spurt of 5 consecutive gains. The 4/23/13 mid-day report cautioned - "Reported earnings +22% on +10% sales revenues for the quarter ended Dec 31, 2012 versus the year ago period. Prior quarterly comparisons have not shown earnings increases steadily above the +25% minimum (C criteria) earnings growth guideline."
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WX - NYSE - DRUGS - Drug Manufacturers - Other Wuxi Pharmatech Inc Ads	$17.81	+0.06 0.34%	$17.92	$18.79	-5.22%	441,834 154.87%	285,300
Most Recent Note for WX - 4/24/2013 12:56:46 PM This Chinese Medical/Dental Services firm has been consolidating above its 50 DMA line. Fundamental concerns remain since last noted in the 12/13/12 mid-day report with cautioned - "It faces additional resistance due to overhead supply up through the $19-20 area. Earnings history is not a match with the fact-based investment system's guidelines, with the 3 latest quarterly comparisons through Sep '12 showing earnings increases below the +25% guideline (C criteria)."
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