Mid-Day Breakouts Report - Wednesday, May 18th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 18TH, 2011
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DOW 12479.58 -68.79 (-0.55%) | NASDAQ 2783.21 0.9 (0.03%) | S&P 500 1328.98 -0.49 (-0.04%)

Time of Screening : 5/18/2011 11:58:24 AM Report Released : 5/18/2011 1:40:39 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...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

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
ABB - NYSE - MANUFACTURING - Industrial Electrical Equipmen A B B Ltd	$26.25	+0.03 0.11%	$26.30	$27.58	-4.82%	2,666,302 104.76%	2,545,200
Most Recent Note for ABB - 5/18/2011 12:03:29 PM Consolidating above prior highs and its 50 DMA line defining support in the $24-25 area. Recent mid-day reports noted - "Quarterly and annual (C & A criteria) earnings and sales revenues history has not been strong and steady. Large supply of 2.28 billion outstanding shares could make it a stodgy and slow performer."
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AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance Amtrust Financial Svcs	$20.77	+0.10 0.48%	$20.99	$20.99	-1.05%	76,016 57.76%	131,600
Most Recent Note for AFSI - 5/18/2011 12:04:38 PM Inching higher today for an 9th consecutive gain and another new 52-week high. Volume-driven gains in the past 3 weeks helped it gradually rise from an orderly base pattern since the 5/05/11 mid-day report noted - "Group RS rating currently is D, not reassuring concerning the L criteria. Earnings increase of +46% for the Mar '11 quarter was the first comparison in more than 2 years with a better than +25% increase."
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DAR - NYSE - Agricultural Operations Darling International	$17.87	+0.67 3.90%	$17.87	$18.09	-1.22%	787,331 77.36%	1,017,800
Most Recent Note for DAR - 5/18/2011 12:10:46 PM Up today, getting more extended from its prior base following recently noted gap up gains with above average volume for new 52-week highs. Prior mid-day reports noted - "Breaking out of an orderly base-on-base type pattern after finding support near prior highs and its 50 DMA line. It completed a 1/28/11 Public Offering. Sales and earnings history are below the investment system's guidelines. It put up 2 consecutive quarters of robust sales revenues and earnings increases following a downturn and negative comparisons in prior quarters and in FY '09. "
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$30.70	-0.10 -0.32%	$30.97	$31.85	-3.61%	91,162 84.57%	107,800
Most Recent Note for ECPG - 5/18/2011 12:12:55 PM Hovering near its 52-week high after volume-driven gains, stubbornly holding its ground. Last noted in the 5/11/11 mid-day report - "Completed a Secondary Offering on 3/01/11 since noted in the 2/16/11 mid-day report after a breakaway gap helped it clear a previously noted 9 month long base. This Financial Services - Misc firm's quarterly earnings and annual earnings (C and A criteria) history has not been strong and steady."
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MDCO - NASDAQ - DRUGS - Drug Manufacturers - Other Medicines Company	$16.91	+0.21 1.26%	$17.17	$17.73	-4.62%	209,426 71.14%	294,400
Most Recent Note for MDCO - 5/18/2011 12:29:48 PM Hovering -4.4% off its 52-week high today, consolidating above its 50 DMA line while building on a long base-on-base type pattern. Last noted in the 2/23/11 mid-day report - "Recent quarters showed better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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SMP - NYSE - AUTOMOTIVE - Auto Parts Standard Motor Prod Cl A	$14.68	+0.14 0.96%	$14.70	$14.89	-1.41%	71,486 61.84%	115,600
Most Recent Note for SMP - 5/18/2011 12:39:56 PM Recent quarterly comparisons showed great earnings increases, but prior to its March '11 quarter sales revenues increases were below guidelines and its annual earnings (A criteria) history included a loss in FY '08 leaving fundamental concerns. Technically it has been wedging above prior resistance in the $14 area to challenge its 2009 highs.
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TNAV - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Telenav Inc	$15.08	+0.40 2.72%	$15.20	$15.47	-2.52%	336,104 202.84%	165,700
Most Recent Note for TNAV - 5/18/2011 1:06:51 PM Hovering near its 52-week high following a recent spurt of volume-driven gains. It held its ground stubbornly and continued rising since noted in the 4/29/11 mid-day report - "No resistance remains due to overhead supply after its 5/13/10 IPO and choppy history. Reported earnings +42% on +27% sales revenues for the quarter ended March 31, 2011 versus the year ago period, satisfying the C criteria with 3 consecutive quarters of earnings increases above the +25% guideline. The lack of leadership (L criteria) in the Telecom Services - Wireless and its lack of a strong annual earnings (A criteria) history are concerns."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Take-Two Interactv Sftwr	$17.10	+1.23 7.75%	$17.50	$17.50	-2.29%	6,101,017 428.02%	1,425,400
Most Recent Note for TTWO - 5/18/2011 1:08:56 PM Holding its ground today after technically breaking out to a new 52-week high on the prior session with a considerable gain on heavy volume. Found support near its 50 DMA line during an orderly 13-week flat base. Prior mid-day reports have noted - "Recent quarters show sales and earnings improving but prior history has been erratic and below the fact-based system's guidelines."
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TYL - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Tyler Technologies Inc	$24.20	+0.07 0.29%	$24.30	$25.19	-3.93%	80,522 66.00%	122,000
Most Recent Note for TYL - 5/18/2011 1:10:47 PM Quietly holding its ground above its 50 DMA line and just -3.6% off its 52-week high. Recent mid-day report appearances noted - "It survived but failed to impress, and fundamentals today are below guidelines. This previously featured Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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UFS - NYSE - MANUFACTURING - Paper & Packaging Domtar Corp	$102.64	-0.39 -0.38%	$103.00	$105.82	-3.01%	747,233 103.00%	725,500
Most Recent Note for UFS - 5/18/2011 1:12:22 PM Stubbornly holding its ground with volume totals cooling while perched near its 52-week high following a streak of volume-driven gains. It is extended from any sound base pattern. No resistance is remaining due to overhead supply. Prior mid-day reports have noted - "Recent quarters showed much better earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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VHI - NYSE - CHEMICALS - Specialty Chemicals Valhi Inc	$35.21	+0.51 1.47%	$35.92	$36.00	-2.19%	19,440 70.69%	27,500
Most Recent Note for VHI - 5/18/2011 1:14:01 PM Stubbornly holding its ground and inching to new 52-week highs without great volume conviction behind its recent gains. The 5/04/11 mid-day report noted - "Prior earnings history has been erratic and below the investment system guidelines."
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VIA - NASDAQ - MEDIA - Entertainment - Diversified Viacom Inc Cl A	$58.02	+0.12 0.21%	$58.09	$60.28	-3.75%	34,421 112.86%	30,500
Most Recent Note for VIA - 5/18/2011 1:16:46 PM Volume totals have been cooling while stubbornly holding its ground near its all-time high. Prior mid-day reports noted - "No resistance remains due to overhead supply. Earnings history has been erratic and below the fact-based investment system's guidelines."
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WAG - NYSE - RETAIL - Drug Stores Walgreen Company	$44.30	-0.82 -1.82%	$44.99	$45.24	-2.08%	6,256,302 97.53%	6,414,600
Most Recent Note for WAG - 5/18/2011 1:19:52 PM Pulling back quietly, yesterday's loss broke a streak of 6 consecutive gains for new 52-week highs. Recent mid-day reports noted - "Quarterly sales revenues and earnings increases and its annual earnings history are below the fact-based investment system's guidelines."
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WAT - NYSE - ELECTRONICS - Scientific & Technical Instrum Waters Corp	$95.98	-1.19 -1.22%	$97.03	$100.00	-4.02%	632,767 98.70%	641,100
Most Recent Note for WAT - 5/18/2011 1:21:34 PM Holding its ground stubbornly near its 52-week and all-time high, extended from any sound base. Recent mid-day reports noted - "Quarterly earnings increases have been gradually improving and were above the +25%* guideline in the latest period ended March 31, 2011."*
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WCG - NYSE - HEALTH SERVICES - Health Care Plans Wellcare Health Plans	$49.62	-1.18 -2.32%	$50.62	$51.66	-3.95%	498,288 96.79%	514,800
Most Recent Note for WCG - 5/18/2011 1:23:43 PM Perched at its 52-week high after a recent spurt of volume-driven gains. Prior mid-day reports noted - "Earnings and sales revenues history is below the investment system guidelines."
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WLP - NYSE - HEALTH SERVICES - Health Care Plans Wellpoint Inc	$79.98	-0.78 -0.97%	$80.60	$81.80	-2.22%	2,495,945 82.03%	3,042,900
Most Recent Note for WLP - 5/18/2011 1:32:35 PM Hovering near its 52-week high today, extended from any sound base, making its second mid-day report appearance in span of a week. Long ago noted in the 1/20/10 mid-day report - "Widespread leadership (L criteria) in the healthcare group prompted the recent appearances of other HMOs. There are fundamental flaws for many large HMOs because earnings and sales revenues have been erratic and sub par with respect to the investment criteria. Policy makers can be expected to have an impact with their legislative maneuvering."
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WTW - NASDAQ - Insurance-Brokers Willis Towers Watson Plc	$80.68	-1.72 -2.09%	$82.81	$83.60	-3.49%	1,135,432 97.15%	1,168,800
Most Recent Note for WTW - 5/18/2011 1:37:35 PM It made a considerable advance this year and is perched near its all-time high, extended from any sound base pattern. The 2 prior mid-day reports noted - "Reported earnings +72% on +30% sales revenues for the quarter ended March 31, 2011 versus the year ago period, but its prior earnings and sales revenues growth history has been below the investment system's guidelines."
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XLNX - NASDAQ - ELECTRONICS - Semiconductor - Specialized Xilinx Inc	$35.28	-0.09 -0.25%	$35.32	$36.49	-3.32%	4,627,857 95.08%	4,867,200
Most Recent Note for XLNX - 5/18/2011 1:40:15 PM Up today, now trading only -1.0% off its 52-week high. The 5/17/11 mid-day report noted - "It had slumped under its 200 DMA line since last noted in the 7/22/10 mid-day report, then rallied to new 52-week highs earlier this year. Earnings increases in recent quarterly comparisons have been above the +25% guideline, however its annual earnings (A criteria) and prior results have not been strong and steady. XLNX has a large supply of 261.1 million shares outstanding."
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