Mid-Day Breakouts Report - Wednesday, May 16th, 2012

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 16TH, 2012
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DOW 12653.76 21.84 (0.17%) | NASDAQ 2892.94 -0.82 (-0.03%) | S&P 500 1331.99 1.33 (0.10%)

Time of Screening : 5/16/2012 12:11:09 PM Report Released : 5/16/2012 1:22:28 PM
Price is: Above 52W High and Less Than 52W High but within 7% 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
TSCO - NASDAQ Tractor Supply Co	$98.51	+1.33 1.37%	$98.61	494,345 59.97% of 50 DAV 50 DAV is 824,300	$0.00	5/1/2012	$98.38	PP = $101.30 MB = $106.37
Most Recent Note - 5/16/2012 1:16:44 PM Y - Still consolidating above its 50 DMA line which recently acted as support. Volume-driven gains to new highs did not trigger a new (or add-on) technical buy signal in recent weeks. Market conditions (M criteria) also argue against new buying efforts until a new confirmed rally with a solid follow-through day by at least one of the major averages. >>> The latest Featured Stock Update with an annotated graph appeared on 4/17/2012. Click here.
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V - NYSE Visa Inc Cl A	$117.53	+1.14 0.98%	$118.20	2,148,955 63.41% of 50 DAV 50 DAV is 3,389,100	$125.35 -6.24%	3/12/2012	$116.53	PP = $119.46 MB = $125.43
Most Recent Note - 5/16/2012 1:18:48 PM G - Still consolidating below its 50 DMA line which has acted as a resistance level after the technical violation on 5/03/12. The longer it lingers below its 50 DMA line the worse its outlook becomes. >>> The latest Featured Stock Update with an annotated graph appeared on 3/7/2012. Click here.
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VSI - NYSE Vitamin Shoppe Inc	$53.14	+0.26 0.49%	$53.25	265,728 58.22% of 50 DAV 50 DAV is 456,400	$0.00	4/25/2012	$47.77	PP = $48.46 MB = $50.88
Most Recent Note - 5/16/2012 1:19:33 PM G - Still hovering near its 52-week high today. Volume totals have been cooling while holding its ground following considerable volume-driven gains last week bucking a broadly negative market. It is extended from its prior base. >>> The latest Featured Stock Update with an annotated graph appeared on 4/25/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABCO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Advisory Board Company	$94.58	+0.44 0.47%	$94.64	$98.33	-3.81%	114,336 92.58%	123,500
Most Recent Note for ABCO - 5/16/2012 12:18:29 PM Hovering near its 52-week high today, slightly extended from prior highs in the $90 area. Recently reported earnings +44% on +33% sales revenues for the Mar '12 quarter, marking a 3rd consecutive quarterly comparison with earnings increasing above the +25% guideline (C criteria). Its up and down annual earnings (A criteria) history is a concern.
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ABMD - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Abiomed Inc	$24.38	+0.64 2.70%	$26.17	$26.17	-6.84%	1,036,931 245.02%	423,200
Most Recent Note for ABMD - 5/16/2012 12:33:35 PM Encountering distributional pressure after gapping up today and hitting a new 52-week high. Reported earnings versus year-ago losses or minuscule earnings in the 3 latest quarterly comparisons through Mar '12. Following years of losses it has produced earnings in its FY '12, however consensus estimates for FY '13 are calling for earnings -20%. Noted in prior mid-day reports - "Earnings history is not a match with the investment system's guidelines."
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APOG - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials Apogee Enterprises	$15.87	+0.08 0.51%	$15.99	$0.00	-6.84%	115,338 82.74%	139,400
Most Recent Note for APOG - 5/16/2012 12:34:19 PM Still holding its ground near its 52-week high today following considerable volume-driven gains last week. The 5/01/12 mid-day report noted - "It may be an interesting turnaround story, but a loss for FY '11 is a flaw with respect to the A criteria which calls for a strong 3-5* year span of solid earnings growth."*
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BUD - NYSE - FOOD & BEVERAGE - Beverages - Brewers Anheuser-Busch Inbev Adr	$70.14	-0.69 -0.97%	$70.65	$0.00	-6.84%	1,526,629 113.42%	1,346,000
Most Recent Note for BUD - 5/16/2012 12:35:47 PM Consolidating further below its 50 DMA line with above average volume behind today's 3rd consecutive loss. Prior mid-day reports noted - "Quarterly comparisons have not shown strong and steady sales revenues and earnings increases."
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CLB - NYSE - ENERGY - Oil & Gas Equipment & Services Core Laboratories Nv	$138.99	+2.43 1.78%	$141.05	$0.00	-6.84%	449,087 101.74%	441,400
Most Recent Note for CLB - 5/16/2012 12:40:06 PM It has not formed a sound base, yet it found support at its 50 DMA line and extended its rally from prior highs in the $120 area since last noted in the 4/19/12 mid-day report - "Quarterly sales revenues and earnings growth has been in line with the investment system's guidelines concerning the C criteria. Annual earnings growth has been strong following a dip in its FY '09 earnings."
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CMCSK - NASDAQ - MEDIA - CATV Systems Comcast Corp Cla Special	$28.59	+0.12 0.42%	$28.79	$0.00	-6.84%	1,781,693 57.80%	3,082,300
Most Recent Note for CMCSK - 5/16/2012 12:49:52 PM Trading below its 50 DMA line recently, and its prior low ($28.22 on 4/10/12) defines important near-term support. Comcast Corp Cl A (CMCSA) is currently included on the Featured Stocks list, however it has sputtered since featured in yellow in the 5/02/12 mid-day report. There is no great difference in the two classes of its shares, particularly from the standpoint of the fact-based investment system.
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CORE - NASDAQ - WHOLESALE - Food Wholesale Core Mark Holdings Co	$43.22	+0.36 0.84%	$43.35	$43.35	-0.30%	28,316 58.38%	48,500
Most Recent Note for CORE - 5/16/2012 12:52:18 PM Holding its ground and edging higher since last week's abrupt surge to new 52-week highs with volume-driven gains helping it rally from support at its 200 DMA line. The 5/10/12 mid-day report noted - "Strong quarterly earnings increases above the +25% guideline in the 3 latest comparisons through Mar '12 satisfy the C criteria, but its annual earnings (A criteria) history has been up and down."
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DF - NYSE - FOOD & BEVERAGE - Dairy Products Dean Foods Company	$14.61	-0.24 -1.62%	$14.81	$14.88	-1.81%	1,983,442 79.27%	2,502,000
Most Recent Note for DF - 5/16/2012 12:54:50 PM Perched at its 52-week high today following a recent spurt of volume-driven gains. Last week's rally included a gap up on 5/09/12 after reporting earnings +121% on +5% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Strong earnings increases in the 3 latest quarterly comparisons satisfy the C criteria, but its sales revenues growth has been sub par. Annual earnings turned down in FY '10 and '11, creating a flaw concerning the A criteria."
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$50.13	+0.08 0.16%	$51.00	$0.00	-1.81%	1,209,824 73.48%	1,646,400
Most Recent Note for DKS - 5/16/2012 12:56:36 PM Encountering resistance after gapping up on 5/15/12, rebounding above its 50 DMA line following a streak of 8 consecutive losses. Reported earnings +50% on +15% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Prior mid-day reports noted - "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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EQIX - NASDAQ - Finance-Property REIT Equinix Inc	$163.23	+0.17 0.10%	$165.82	$0.00	-1.81%	663,271 59.07%	1,122,800
Most Recent Note for EQIX - 5/16/2012 12:59:20 PM Consolidating above its 50 DMA line since the 4/26/12 gap up for a new 52-week high. The 4/26/12 mid-day report noted - "Found support above its 50 DMA line when recently pulling back after a considerable spurt of volume-driven gains. Its brief consolidation since last noted on 4/04/12 was not a sound base pattern of sufficient length. Reported earnings +34% on +25% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Ownership by top-rated funds (I criteria) has generally been on the rise, however prior mid-day reports noted - 'Earnings history has been erratic. There are fundamental concerns due to pre-tax, non-recurring items included in the past 8 quarterly reports. This is indicated by blue triangles in the earnings per share box on the chart service used by CANSLIM.net experts.'"
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FRC - NYSE - BANKING - Savings & Loans First Republic Bank	$33.80	+0.88 2.67%	$34.10	$0.00	-1.81%	565,509 75.15%	752,500
Most Recent Note for FRC - 5/16/2012 1:01:48 PM Quarterly and annual earnings (C and A criteria) history has been below the fact-based investment system's guidelines. Its gain today has it perched within close striking distance of its 52-week high.
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HIBB - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Hibbett Sports Inc	$58.91	-0.64 -1.07%	$59.55	$0.00	-1.81%	327,182 99.00%	330,500
Most Recent Note for HIBB - 5/16/2012 1:02:42 PM Still holding its ground near its 52-week high today after encountering recent distributional pressure. It is extended from prior resistance near the $50 level. Prior mid-day reports noted - "Reported earnings +34% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Annual earnings (A criteria) history has been improving since a downturn in FY '08. Sales revenues increases have been in the +4-11% range (sub par) while earnings increases have been above the +25% guideline in the 4 latest quarterly comparisons (good C criteria) versus the year ago periods."
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LL - NYSE - RETAIL - Home Improvement Stores Lumber Liquidators Hldgs	$29.79	+1.18 4.12%	$30.12	$0.00	-1.81%	354,421 58.43%	606,600
Most Recent Note for LL - 5/16/2012 1:05:16 PM Today's gain helped it hit another new 52-week high. The 4/27/12 mid-day report noted - "Reported earnings +45% on +18% sales revenues for the quarter ended March 31, 2012 versus the year ago period. As previously noted, the Sep and Dec '11 quarterly comparisons showed improving sales revenues and earnings increases. Now its 3 consecutive 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 marked its all-time high."
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MNTX - NASDAQ - Machinery-Gen Industrial Manitex International	$10.20	+0.03 0.29%	$10.32	$0.00	-1.81%	87,627 73.33%	119,500
Most Recent Note for MNTX - 5/16/2012 1:07:04 PM This low-priced stock is perched near its 52-week high today, pulling back after volume-driven gains while rallying from its 50 DMA line. Reported earnings +175% on +35% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The 3/23/12 mid-day report noted -"Reported earnings +13% on +24% sales revenues for the quarter ended December 31, 2011 versus the year ago period. 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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NSM - NYSE - FINANCIAL SERVICES - Credit Services Nationstar Mtg Hldgs Inc	$16.53	+0.43 2.67%	$16.84	$16.84	-1.84%	634,610 105.66%	600,600
Most Recent Note for NSM - 5/16/2012 1:09:11 PM Hit another new 52-week high today with its 5th consecutive volume-driven gain. It is up from its $14 IPO on 3/08/12. Limited history is a concern.
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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Petsmart Inc	$58.24	+0.61 1.06%	$58.58	$0.00	-1.84%	744,440 86.02%	865,400
Most Recent Note for PETM - 5/16/2012 1:10:51 PM Rebounding above its 50 DMA line this week and perched within close striking distance of its 52-week high today. Reported earnings +18% on +8% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Noted in prior mid-day reports - "Quarterly sales revenues increases in the +6-8% are below the robust growth guidelines of the investment system. Its earnings and sales revenues showed improvement in the recent quarterly comparisons but its growth history is below the fundamental guidelines of the investment system. Current earnings per share should be up +25% or more and the past 3 or 4 comparisons in many cases accelerating in recent quarters. Quarterly sales should also be up +18-25% or more or accelerating over prior quarters."
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RMD - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Resmed Inc	$33.11	-0.92 -2.70%	$33.63	$0.00	-1.84%	720,072 73.77%	976,100
Most Recent Note for RMD - 5/16/2012 1:13:11 PM Consolidating within striking distance of its 52-week and all-time highs since last noted in the 4/30/12 mid-day report - "Reported +11% sales revenues and +29% earnings for the quarter ended March 31, 2012 versus the year ago period. The prior 5 quarterly comparisons showed sub par sales revenues and earnings increases. Its annual earnings (A criteria) growth history has been strong since a downturn in FY '08."
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TRIP - NASDAQ - INTERNET - Internet Information Providers TripAdvisor Inc	$43.50	+0.85 1.99%	$43.84	$0.00	-1.84%	1,351,770 65.75%	2,055,900
Most Recent Note for TRIP - 5/16/2012 1:14:30 PM Consolidating since last noted in the 5/02/12 mid-day report after a considerable gap up gain for a new 52-week high. Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. It was noted in the 4/27/12 mid-day report after a gap up - "Amid widespread strength in travel-related companies. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."
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WPP - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Wausau Paper Corp	$9.50	-0.02 -0.21%	$9.63	$0.00	-1.84%	149,962 69.33%	216,300
Most Recent Note for WPP - 5/16/2012 1:22:05 PM This low-priced firm from the Paper - Paper Products industry has a quarterly and annual earnings (C and A criteria) earnings history that is not a match with the winning models of the fact-based investment system.
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