Mid-Day Breakouts Report - Thursday, May 12th, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 12TH, 2011
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DOW 12686.91 56.88 (0.45%) | NASDAQ 2859.81 14.75 (0.52%) | S&P 500 1348.24 6.16 (0.46%)

Time of Screening : 5/12/2011 11:58:24 AM Report Released : 5/12/2011 2:00:59 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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...

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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ASMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M International Adr	$44.15	-0.45 -1.01%	$44.25	$45.40	-2.75%	69,921 66.28%	105,500
Most Recent Note for ASMI - 5/12/2011 12:02:13 PM Hit a new 52-week high on the prior session with a solid gain on above average volume, after recently rallying clear of resistance due to overhead supply. It found support above prior highs in the $41 area during its recent consolidation. The 5/11/11 and prior mid-day reports noted - "Recent quarters show sales and earnings improving but prior history is below the fact-based system's guidelines. Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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BCPC - NASDAQ - CHEMICALS - Agricultural Chemicals Balchem Corp	$41.81	+0.61 1.48%	$41.81	$41.65	0.38%	87,216 95.01%	91,800
Most Recent Note for BCPC - 5/12/2011 12:13:53 PM Disciplined investors may watch for a sound base to possibly develop and be noted. This high-ranked Chemicals - Specialty firm is currently extended from any sound base and hitting new 52-week and all-time highs today. Recent quarterly comparisons show gradual sales revenues acceleration and it has maintained a strong annual earnings history, with earnings growth satisfying the C and A criteria. Reported earnings +25% on +22% sales revenues for the quarter ended March 31, 2011 versus the year ago period.
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CATM - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cardtronics Inc	$21.67	+0.44 2.07%	$21.86	$21.86	-0.87%	240,800 95.56%	252,000
Most Recent Note for CATM - 5/12/2011 12:27:40 PM Produced strong earnings increases above the +25% guideline in quarterly comparisons and strong annual earnings (C and A criteria) growth, but sales revenues increases in the +6-8% range for the past 4 quarterly comparisons through March '11 show no great growth in demand for its products and services. No overhead supply remains to hinder its progress, however it is getting extended from a sound base pattern. Found great support near its 50 DMA line since the previously noted technical breakout from a base on 2/11/11. Secondary Offerings were completed on 3/31/10 and on 8/18/10.
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CCK - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Crown Holdings Inc	$41.36	+0.78 1.92%	$41.58	$41.58	-0.53%	932,404 66.30%	1,406,300
Most Recent Note for CCK - 5/12/2011 12:32:59 PM Technically it broke out with a solid volume-driven gain on 5/10/11, and it hit another new 52-week high today. It faces no resistance due to overhead supply. The 5/04/11 mid-day report noted - "Rallying toward its 52-week high from below its 50 DMA line today with its 5th consecutive gain. It has shown strong steady annual earnings growth (good A criteria) however sales revenues have not grown in recent years while quarterly earnings results were mostly below the +25% guideline. It survived but failed to impress since long ago noted in the 7/18/08 mid-day report and earlier reports. "
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CRS - NYSE - METALS & MINING - Steel & Iron Carpenter Technology	$52.34	+1.78 3.52%	$52.65	$53.23	-1.67%	302,582 65.28%	463,500
Most Recent Note for CRS - 5/12/2011 12:37:42 PM Held its ground stubbornly and rose further with above average volume behind additional gains since a "breakaway gap" on 4/26/11. As noted in prior mid-day reports - "Downturn in FY '09 and FY '10 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines."
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EXLS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Exlservice Holdings Inc	$24.12	-0.05 -0.21%	$24.30	$24.74	-2.51%	44,840 58.23%	77,000
Most Recent Note for EXLS - 5/12/2011 12:40:52 PM Holding its ground in a tight range near its 52-week high since last noted in the 5/04/11 mid-day report after considerable gains with heavy volume. Recent quarterly comparisons (C criteria) showed mostly impressive sales and earnings increases, including a +38% earnings increase on +34% for the March 2011 period, but results for the quarter ended Dec 31, 2010 were below guidelines. A downturn in its FY '08 earnings was also previously noted as a flaw with respect to the A criteria of the fact-based investment system.
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics F E I Co	$39.00	+0.90 2.36%	$39.00	$39.49	-1.24%	237,996 68.04%	349,800
Most Recent Note for FEIC - 5/12/2011 1:03:27 PM Concern were previously noted because its annual earnings (A criteria) history was up and down, yet recent fundamental and technical action has been a better match for winning models of the fact-based investment system. It is clear of all resistance due to overhead supply, however it is extended from its recent base after spiking to new 52-week highs and now above multi-year highs (above its 2007 high) this week with a spurt of volume-driven gains. Disciplined investors may watch for sound buy points to develop and be noted in the weeks ahead if the broader market (M criteria) rally continues. Sales revenues and earnings increases (C criteria) have shown impressive acceleration in recent quarterly comparisons.
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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$21.63	-0.02 -0.09%	$21.66	$22.18	-2.48%	159,379 71.73%	222,200
Most Recent Note for GIB - 5/12/2011 1:17:17 PM Held its ground near its 50 DMA line during its ongoing ascent and churning above average volume in recent weeks while remaining perched near its 52-week high. Since last noted in the 1/27/11 mid-day report it reported earnings +43% on +24% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarterly comparisons show sales revenues accelerating and earnings increases above the +25% minimum guideline versus the year earlier, making it a better match with the winning models of the fact-based investment system.
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$43.84	+0.16 0.37%	$43.84	$45.92	-4.53%	20,527 64.35%	31,900
Most Recent Note for GRC - 5/12/2011 1:22:30 PM Perched at its 52-week high today after volume-driven gains noted in a recent mid-day reports. Challenging its 2008 all-time high ($46.50) this week. Fundamental concerns were previously noted - "Downturn in FY '09 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines although recent quarterly comparisons show sales and earnings improving."
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LABL - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers Multi Color Corp	$22.44	+0.68 3.13%	$22.44	$22.89	-1.97%	23,666 71.93%	32,900
Most Recent Note for LABL - 5/12/2011 1:24:30 PM Gapped up again today, rallying for another considerable volume-driven gain and technically breaking out to a new 52-week high. No overhead supply remains to act as resistance. The 5/11/11 mid-day report noted - "Recent quarterly comparisons showed stronger sales and earnings increases. However, its prior earnings history is has not been strong and steady enough to match the fact-based investment system guidelines."
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NL - NYSE - Hsehold/Office Furniture N L Industries	$17.63	-0.31 -1.71%	$17.88	$18.37	-4.01%	28,243 64.19%	44,000
Most Recent Note for NL - 5/12/2011 1:25:53 PM Hovering near its 52-week high today, extended from any sound base after a spurt of volume-driven gains. Recent mid-day reports repeatedly noted - "Earnings and sales revenues history is below the fact-based investment system's guidelines."
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ROST - NASDAQ - RETAIL - Apparel Stores Ross Stores Inc	$82.25	+1.17 1.44%	$83.11	$83.11	-1.03%	1,119,592 92.98%	1,204,100
Most Recent Note for ROST - 5/12/2011 1:28:54 PM Hit another new all-time high today, steadily rising with no resistance due to overhead supply. After a considerable gap up gain it was most recently noted in the 5/05/11 mid-day report - "Recent quarterly comparisons have shown sub par sales revenues and earnings increases, yet it has maintained a strong annual earnings history (A criteria) and has earned very high ranks. Sales revenues increases were +14%, +8%, +7%, and +8% respectively in the April, June, October '10 and Jan '11 comparisons versus the year ago periods, while earnings increases were +61%, +30%, +21%, and +18% respectively."
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RTEC - NYSE - ELECTRONICS - Scientific & Technical Instrum Rudolph Technologies Inc	$12.55	+0.06 0.48%	$12.69	$12.70	-1.18%	239,729 87.52%	273,900
Most Recent Note for RTEC - 5/12/2011 1:31:04 PM Today's 8th consecutive small gain helped it inch up with above average volume for yet another new 52-week high. Recent mid-day report repeatedly noted - "No overhead supply remains to act as resistance. Reported earnings +136% on +25% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarters showed much better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth has been erratic and below guidelines of the fact-based investment system. Consensus estimates for -1% earnings in FY '11 are a concern."
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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Monotype Imaging Hldgs	$15.25	+0.08 0.53%	$15.25	$15.49	-1.55%	194,761 114.63%	169,900
Most Recent Note for TYPE - 5/12/2011 1:49:45 PM Holding it ground today following a 5/11/11 gap up and technical breakout from an orderly base for a new 52-week high. It posted 6 gains with above average volume in the span of 7 sessions, a sign of institutional accumulation after finding prompt support near its 50 DMA line. It is clear of resistance due to overhead supply and may be on course to challenge its 2007-2008 all-time highs. However, its annual earnings history included a downturn in FY '09, a flaw with respect to the A criteria. The latest 3 quarterly comparisons through Mar '11 show sales revenues and earnings improving versus the year ago period(s) after a patch of negative comparisons.
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VIV - NYSE - TELECOMMUNICATIONS - Wireless Communications Telefonica Brasil S.A.	$41.50	+1.37 3.41%	$41.67	$43.52	-4.64%	769,169 66.34%	1,159,500
Most Recent Note for VIV - 5/12/2011 1:55:42 PM Recently found prompt support after undercutting its 50 DMA line during its consolidation since spiking to new highs. A streak of volume-driven gains to new highs and choppy action has followed after the 3/29/11 mid-day report last noted - "Telesp, the Brazilian fixed-line telecom unit of Spain's Telefonica, will take over mobile carrier Vivo in a share swap announced last week after rallying to a new 52-week high with 6 consecutive gains. Prior mid-day reports noted - 'This Brazilian Telecom - Wireless Services firm spiked to new 52-week and multi-year highs with a recent spurt of volume-driven gains. No overhead supply remains to act as resistance. Quarterly comparisons have shown strong earnings increases (good C criteria) history. FY '11 earnings estimates call for only +4% growth, and the Telecom Services - Foreign group has a poor Relative Strength rating of 21.'"
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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Virtusa Corp	$18.82	+0.56 3.07%	$18.82	$19.89	-5.38%	60,171 97.21%	61,900
Most Recent Note for VRTU - 5/12/2011 1:59:51 PM No overhead supply remains to act as resistance as it hit a new 52-week with a considerable volume-driven gain today. It is challenging its 2007 all-time high ($19.97) after technically rallying from a very orderly base-on-base type pattern. Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons. Prior mid-day reports noted - "Its earnings history has been below the investment system's guidelines."
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