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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 22ND, 2013
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DOW 15483.66 95.54 (0.62%) | NASDAQ 3511.51 9.39 (0.27%) | S&P 500 1679.81 10.65 (0.64%)
Time of Screening : 5/22/2013 11:48:09 AM         Report Released : 5/22/2013 12:51:05 PM
Price is: Above 52W High and Less Than 52W High but within 10% of the 52 Week High
Volume Is: At least 75% 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
LOPE - NASDAQ
Grand Canyon Education
$32.96 +0.16
0.49%
$34.07 351,960
92.40% of 50 DAV
50 DAV is 380,900
$34.07
-3.26%
5/10/2013 $29.03 PP = $27.28
MB = $28.64
Most Recent Note - 5/22/2013 12:37:56 PM
G - Adding to its spurt of volume-driven gains with today's 7th consecutive gain, getting very extended from prior highs. Gains of greater than +20% in the first 2-3 weeks following its "breakaway gap" suggest holding for a minimum of 8 week under the fact-based investment system's rules. Prior highs in the $27 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/10/2013. 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
$20.34 +2.94
16.90%
$20.49 $20.49 -0.73% 190,548
447.30%
42,600
Most Recent Note for AFOP - 5/22/2013 11:51:52 AM
Gapped up today and rallied for a considerable gain into new 52-week high territory after raising guidance for its 2nd quarter. Getting very extended from any sound base and it was noted in the prior mid-day reports repeatedly with caution - "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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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized
A R M Holdings Plc Ads
$47.35 +0.11
0.23%
$47.53 $50.56 -6.35% 1,443,419
75.59%
1,909,500
Most Recent Note for ARMH - 5/22/2013 11:54:37 AM
Rebounded from early lows back into positive territory today following a considerable loss with above average volume on the prior session while retreating from its 52-week high. The 5/21/13 mid-day report cautioned - "Reported earnings +50% on +22% sales for the Mar '13 quarter. Held its ground stubbornly above prior highs after gapping up from below its 50 DMA line on 4/23/13. In only 2 of the 4 prior quarterly comparisons the earnings increase was above the +25% minimum earnings guideline (C criteria). Previously noted downturn in its FY '09 earnings hurt its annual earnings history (A criteria) of the fact-based investment system."
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AXP - NYSE - FINANCIAL SERVICES - Credit Services
American Express Co
$76.86 +1.75
2.33%
$77.01 $77.01 -0.19% 4,223,531
82.96%
5,091,000
Most Recent Note for AXP - 5/22/2013 11:58:31 AM
This well known Finance - Credit Card Payment Processing firm is hitting new 52-week highs with today's 4th consecutive gain. Quarterly earnings (C criteria) and sales revenues increases have been sub par, not a match with the fact-based investment system's guidelines.
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BABY - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Natus Medical Inc
$14.69 -0.42
-2.78%
$15.18 $15.18 -3.23% 198,451
162.66%
122,000
Most Recent Note for BABY - 5/22/2013 12:02:28 PM
Retreating today following a considerable volume-driven gain on the prior session for a new 52-week high. The 3 latest quarterly comparisons through Mar '13 showed earnings increases above the +25% minimum guideline (C criteria), but its up and down annual earnings (A criteria) history is cause for concern. It survived but failed to impress since dropped from the Featured Stocks list on 10/07/08.
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BAH - NYSE - Comml Svcs-Consulting
Booz Allen Hamilton Cl A
$18.07 +1.10
6.48%
$18.74 $19.23 -6.03% 467,455
182.03%
256,800
Most Recent Note for BAH - 5/22/2013 12:05:22 PM
Spiking to new 52-week and all-time highs today with its 5th consecutive gain backed by ever increasing volume. Fundamental concerns remain, however, as when last noted in the 8/15/12 mid-day report noted - "Earnings history for this Commercial Services - Consulting firm is not a match with the fact-based investment system's guidelines."

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BRP - NASDAQ - Insurance-Brokers
BRP Group inc
$24.00 +0.75
3.23%
$24.00 $26.10 -8.05% 205,856
82.91%
248,300
Most Recent Note for BRP - 5/22/2013 12:08:55 PM
Rebounding above its 50 DMA line with today's 2nd consecutive gain backed by above average volume. Showed improved sales revenues and earnings increases in the Dec '12 and Mar '13 quarters, but its prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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CI - NYSE - Medical-Managed Care
Cigna Corp
$68.79 +1.19
1.76%
$69.20 $69.20 -0.59% 1,439,800
76.81%
1,874,600
Most Recent Note for CI - 5/22/2013 12:10:52 PM
Touched a new 52-week high today. It is extended from any sound base. Reported earnings +39% on +21% sales revenues for the Mar '13 quarter, marking a 3rd consecutive quarter this Medical- Managed Care firm has posted earnings above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been slow and steady since a downturn in FY '08. Consensus estimates for earnings growth +8% and +7% in FY '13 and 14, respectively, may be cause for some concern.
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CREE - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Cree Inc
$63.33 +3.48
5.81%
$63.51 $63.51 -0.28% 2,156,510
92.18%
2,339,500
Most Recent Note for CREE - 5/22/2013 12:11:58 PM
Gapped up and hit another new 52-week high today. Held its ground stubbornly and wedged higher since last noted in the 5/03/13 mid-day report with caution - "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. 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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DL - NYSE - Consumer Svcs-Education
China Distance Educ Ads
$6.15 -0.10
-1.55%
$6.27 $6.60 -6.77% 28,130
135.24%
20,800
Most Recent Note for DL - 5/22/2013 12:14:40 PM
Perched at its 52-week high today following a spurt of volume-driven gains and technical breakout from an orderly base earlier this week. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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FLO - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods
Flowers Foods Inc
$34.58 +1.38
4.15%
$34.59 $36.25 -4.61% 738,141
105.72%
698,200
Most Recent Note for FLO - 5/22/2013 12:18:30 PM
This maker of bakery products is rallying today with above average volume for a possible new high close following a streak of 4 consecutive losses after a "negative reversal" at its 52-week high when last noted in the 5/16/13 mid-day report with caution - "Reported stronger sales revenues and earnings increases in the Dec '12 and Mar '13 quarters, but prior quarterly comparisons and its annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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GME - NYSE - RETAIL - Electronics Stores
Gamestop Corp Cl A
$36.46 -0.32
-0.87%
$37.40 $39.87 -8.55% 2,483,379
79.25%
3,133,500
Most Recent Note for GME - 5/22/2013 12:21:37 PM
Pulling back from its 52-week high with today's 3rd consecutive loss. It rallied considerably since breaking out above prior resistance at $27-28 when last noted in the 4/01/13 mid-day report with caution - "Fundamentals are below the investment system's guidelines. It survived but failed to impress since noted on 1/16/08 as it was dropped from the Featured Stocks list."
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HD - NYSE - RETAIL - Home Improvement Stores
Home Depot Inc
$81.31 +2.60
3.30%
$81.38 $81.47 -0.20% 6,921,813
101.88%
6,794,200
Most Recent Note for HD - 5/22/2013 12:23:21 PM
Making its 2nd consecutive mid-day report appearance and hitting another new 52-week high after gapping up for a 2nd consecutive session backed by above volume, getting more extended from any sound base. The 5/21/13 mid-day report cautioned - "Reported earnings +28% on +7% sales revenues for the quarter ended April 30, 2013 versus the year ago period, a 2nd consecutive quarterly comparison with an earnings increase above the +25% minimum guideline (C criteria). Sales revenues increases in quarterly comparisons versus the year ago periods have not been especially strong. Annual earnings (A criteria) increases have been improving after a downturn in FY '08 - FY '10, a flaw with respect to the fact-based system's guidelines."
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HXL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Hexcel Corp
$34.47 +0.23
0.67%
$35.12 $35.12 -1.85% 614,768
101.11%
608,000
Most Recent Note for HXL - 5/22/2013 12:26:18 PM
Tallying a 4th consecutive gain today for new 52-week and all-time highs. The Aerospace/Defense firm reported earnings +10% on +4% sales revenues for the quarter ended March 31, 2013 versus the year ago period, marking its 3rd consecutive quarterly earnings comparison below the fact-based investment system's +25% minimum earnings guideline (C criteria).
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JPM - NYSE - BANKING - Money Center Banks
J P Morgan Chase & Co
$54.72 +1.70
3.21%
$54.96 $54.96 -0.44% 24,014,896
101.29%
23,708,800
Most Recent Note for JPM - 5/22/2013 12:32:12 PM
Gapped up for a 2nd consecutive session hitting new 52-week highs, clearing a base-on-base pattern. Undercut its 50 DMA line and found support near prior highs in the $46 area then rebounded since last noted in the 3/15/13 mid-day report with caution. Reported earnings +34% on -5% sales revenues for the Mar '13 quarter. Prior quarterly results were erratic and sales revenues growth has been sub par, indicating that there has been no great demand for new (N criteria) products or services. Prior mid-day reports cautioned - "Earnings history is not a match with the fact-based investment system."
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LABL - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
Multi Color Corp
$30.00 +0.86
2.95%
$30.26 $30.26 -0.86% 49,578
135.09%
36,700
Most Recent Note for LABL - 5/22/2013 12:34:49 PM
Tallying a 4th consecutive gain today for new 52-week and multi-year highs, rallying with no resistance remaining due to overhead supply. Managed an impressive "positive reversal" after the 5/21/13 mid-day report cautioned - "Reported earnings +30% on +5% sales revenues for the quarter ended March 31, 2013 versus the year ago period, a 2nd consecutive quarter with an earnings increase above the fact-based investment system's +25% minimum guideline (C criteria) following sub par results in the prior 5 quarterly comparisons. It survived but failed to impress since dropped from the Featured Stocks list on 11/30/11."
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MEAS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Measurement Specialties
$44.93 -0.66
-1.45%
$45.54 $47.46 -5.33% 38,687
93.90%
41,200
Most Recent Note for MEAS - 5/22/2013 12:40:23 PM
Pulling back from its 52-week high with today's 3rd consecutive loss. Found support at its 50 DMA line during its ascent this year. Held its ground stubbornly and rallied considerably since last noted in the 4/18/13 mid-day report with caution - "Reported +13% earnings on +7% sales revenues for the Dec '12 quarter. Its annual earnings (A criteria) history is below guidelines of the fact-based system. Fundamentals deteriorated after it was dropped from the Featured Stocks list on 12/14/2007. It subsequently fell from $23.15 to as low as $2.30. Its impressive rebound makes it an interesting turnaround story."
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MX - NYSE - MANUFACTURING - Diversified Machinery
Magnachip Semiconductor
$18.33 +0.94
5.41%
$18.57 $18.57 -1.29% 582,878
114.42%
509,400
Most Recent Note for MX - 5/22/2013 12:45:49 PM
Reported earnings +212% on +16% sales revenues for the Mar '13 quarter. Technically breaking out and powering to a new 52-week high with today's 3rd consecutive volume-driven gain, rallying from support at its 50 DMA line. Additional chart support is at prior highs in the $14 area now coinciding with its 200 DMA line. Completed a Secondary Offering on 2/05/13. Up and down annual earnings (A criteria) history leaves fundamental concerns for disciplined investors.

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PTP - NYSE - INSURANCE - Property & Casualty Insurance
Platinum Underwriters
$57.94 -0.01
-0.02%
$58.10 $59.50 -2.62% 564,553
226.46%
249,300
Most Recent Note for PTP - 5/22/2013 12:48:14 PM
Consolidating in a tight range near its 52-week high and above support at its 50 DMA line. Held its ground despite enduring distributional pressure after wedging higher with gains lacking great volume conviction since last noted in the 4/19/13 mid-day report with caution - "Its earnings and sales revenues history is not a match with the fact-based system's guidelines."
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PUK - NYSE - INSURANCE - Life Insurance
Prudential Plc Adr
$36.25 -0.31
-0.85%
$36.45 $36.77 -1.41% 314,620
111.85%
281,300
Most Recent Note for PUK - 5/22/2013 12:49:03 PM
Still perched near its 52-week high, stubbornly holding its ground. Found recent support while consolidating near its 50 DMA line and prior highs in the $31 area. Prior mid-day reports cautioned - "Earnings history for this well known Insurance - Life firm is not a match with the fact-based investment system's guidelines."
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