Mid-Day Breakouts Report - Thursday, May 23rd, 2013

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 23RD, 2013
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DOW 15304.9 -2.27 (-0.01%) | NASDAQ 3456.55 -6.75 (-0.19%) | S&P 500 1650.44 -4.91 (-0.30%)

Time of Screening : 5/23/2013 12:02:33 PM Report Released : 5/23/2013 1:22:27 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
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
NSM - NYSE Nationstar Mtg Hldgs Inc	$43.13	+0.16 0.36%	$43.51	995,211 79.22% of 50 DAV 50 DAV is 1,256,200	$46.91 -8.07%	5/7/2013	$39.71	PP = $42.34 MB = $44.46
Most Recent Note - 5/23/2013 1:02:26 PM Y - Color code is changed to yellow while it has shown resilience and rebounded into positive territory after gapping down today following a damaging loss with above average volume with a weak finish on the prior session. Prior highs in the $42 area define initial chart support to watch. Disciplined investors alway limit losses by selling any stock that falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 5/7/2013. 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	$19.56	+0.54 2.84%	$19.65	$20.49	-4.54%	54,624 112.86%	48,400
Most Recent Note for AFOP - 5/23/2013 12:04:27 PM Trading up today following a considerable gap up gain for a new 52-week high on the prior session after raising guidance for its 2nd quarter. It is very extended from any sound base. 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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ALKS - NASDAQ - Medical-Biomed/Biotech Alkermes Plc	$31.96	+0.21 0.66%	$32.16	$33.04	-3.27%	1,049,549 75.26%	1,394,500
Most Recent Note for ALKS - 5/23/2013 12:09:01 PM Rebounded into positive territory following a gap down today. Perched near its 52-week high following a brief and orderly consolidation. Reported earnings +233% on +25% sales revenues for the Mar '13 quarter versus the year ago period, but fundamental concerns remain. Prior mid-day reports cautioned- "Earnings history is not a match with the fact-based investment system's guidelines."
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AMCX - NASDAQ - MEDIA - CATV Systems Amc Networks Inc	$65.94	-1.11 -1.66%	$66.86	$70.65	-6.67%	486,176 82.19%	591,500
Most Recent Note for AMCX - 5/23/2013 12:12:33 PM Perched near its 52-week high, it found support near its 50 DMA line while making gradual progress since its technical breakout in Oct '12. Prior mid-day reports cautioned - "Earnings history for this Leisure - Movies Related firm is not a match with the fact-based investment system's guidelines."
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BKE - NYSE - RETAIL - Apparel Stores Buckle Inc	$53.48	-3.66 -6.41%	$55.29	$57.22	-6.54%	291,745 113.65%	256,700
Most Recent Note for BKE - 5/23/2013 12:14:15 PM Gapped down today, abruptly retreating from its 52-week high following an impressive spurt of volume-driven gains. Prior mid-day reports repeatedly cautioned - "Sales and earnings history is below the fact-based investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/10/08. Traded up as much as +37.15% after first featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here)."
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BKH - NYSE - UTILITIES - Electric Utilities Black Hills Corp	$47.04	-1.57 -3.23%	$48.17	$50.52	-6.89%	196,493 91.26%	215,300
Most Recent Note for BKH - 5/23/2013 12:17:37 PM Abruptly retreating from its 52-week high and falling near its 50 DMA line with today's 3rd consecutive loss on ever-increasing volume. Made further progress into new high territory after noted in Mar and April mid-day reports with caution - "The earnings history for this Utility - Diversified firm is not a match with the fact-based investment system's guidelines (C and A criteria)."
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BOFI - NASDAQ - BANKING - Savings & Loans B O F I Holding Inc	$40.63	+1.38 3.52%	$41.04	$41.84	-2.89%	90,351 89.37%	101,100
Most Recent Note for BOFI - 5/23/2013 12:27:57 PM Found support at its 50 DMA line and it is now perched only -3.3% off its 52-week high, enduring mild distributional pressure in recent weeks. Quarterly earnings increases in 3 of the past 4 comparisons through Mar '13 have been above the +25% minimum guideline (C criteria). It has earned high ranks, however a downturn in its FY '11 earnings is a flaw with respect to the A criteria. The Finance - Savings & Loan industry currently has a 36 Group Relative Strength Rating, however some Finance firms are providing leadership. There are 11.9 million shares reportedly in the publicly traded float, and the small supply (S criteria) of shares can contribute to greater price volatility upon any institutional buying or selling.
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BX - NYSE - FINANCIAL SERVICES - Asset Management Blackstone Group Lp	$22.26	-0.12 -0.54%	$22.34	$23.80	-6.47%	5,179,450 102.53%	5,051,400
Most Recent Note for BX - 5/23/2013 12:31:53 PM Pulled back near its 50 DMA line with above average volume behind its 4th consecutive loss, yet it erased much of the session's early loss. 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 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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C - NYSE - BANKING - Money Center Banks Citigroup Inc	$50.25	-0.75 -1.47%	$50.36	$52.89	-4.99%	24,208,491 83.75%	28,904,000
Most Recent Note for C - 5/23/2013 12:34:05 PM Up from earlier lows after a small gap down today following a negative reversal on the prior session at its 52-week high. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Sales revenues have waned in recent years.
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DPZ - NYSE - Retail-Restaurants Dominos Pizza Inc	$58.35	+1.74 3.07%	$58.65	$59.00	-1.10%	699,959 124.97%	560,100
Most Recent Note for DPZ - 5/23/2013 12:36:11 PM Gapped up today and it has been hovering near its 52-week high since a spurt of volume-driven gains after again finding support at its 50 DMA line. Reported earnings +26% on +9% sales revenues for the Mar '13 quarter. Prior mid-day reports repeatedly cautioned - "Fails to meet the fundamental guidelines of the fact-based system. Reported earnings +23% on +8% sales revenues for the Dec '12 quarter. Reported earnings +23% on +0% sales revenues for the Sep '12 quarter. The Mar and Jun '12 quarters showed sub par earnings (below the +25% minimum earnings guideline of the fact-based investment system's C criteria) with waning sales revenues. Annual earnings (A criteria) showed a downturn in FY '07 and '08."
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EGHT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Eight By Eight Inc	$7.62	+0.25 3.39%	$7.69	$7.94	-4.03%	690,891 130.46%	529,600
Most Recent Note for EGHT - 5/23/2013 12:38:42 PM Managed a positive reversal after a gap down today tested support near its 50 DMA line. Reported earnings +25% on +18% sales revenues for the Mar '13 quarter, but fundamental concerns remain. Found support at its 200 DMA line during the choppy consolidation since noted in the 12/18/12 mid-day report with caution - "Prior earnings history has not been strong and steady, leaving some fundamental concerns. Low-priced stocks are discouraged from consideration under the fact-based investment system unless all key criteria are solidly satisfied."
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GEL - NYSE - ENERGY - Oil & Gas Pipelines Genesis Energy Lp	$52.74	-1.57 -2.89%	$53.79	$54.91	-3.95%	217,861 80.78%	269,700
Most Recent Note for GEL - 5/23/2013 12:44:02 PM Gapped down from its 52-week high hit on the prior session. Reported earnings +4% on +19% sales revenues for the Mar '13 quarter. Fundamental concerns remain, as it has not produced earnings growth satisfying the C criteria. Rallied into new high territory recently after its consolidation tested support at its 200 DMA line. The 3/23/12 mid-day report cautioned - "Gapped down today testing support at its 50 DMA line after discounting a new Public Offering of 5 million units. Recent quarterly comparisons showed improving sales revenues and earnings increases but its prior quarterly and annual earnings history has been erratic and not match with the investment system's guidelines."
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GMCR - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Green Mtn Coffee Roastrs	$73.90	-2.35 -3.08%	$74.35	$81.70	-9.55%	4,992,033 132.84%	3,757,900
Most Recent Note for GMCR - 5/23/2013 12:46:04 PM Encountering mild distributional pressure this week and retreating from its 52-week high. Upon its considerable "breakaway gap" noted on 5/09/13 and in recent mid-day reports members were repeatedly cautioned - "There may be additional resistance up through the $115 level due to old overhead supply. Earnings increases have been above the +25% minimum guideline (C criteria) in the 3 latest quarterly comparisons through Mar '13. Decelerating sales revenues increases are cause for concern as it reported sales +127%, +91%, +102%, +37%, +21%, +33%, +16% and +14% in the Jun, Sep, Dec '11, Mar, Jun, Sep, Dec '12, and Mar '13 quarters, respectively."
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GME - NYSE - RETAIL - Electronics Stores Gamestop Corp Cl A	$35.95	-0.30 -0.83%	$36.80	$39.87	-9.83%	3,718,783 115.09%	3,231,300
Most Recent Note for GME - 5/23/2013 12:46:53 PM Pulling back from its 52-week high with above average volume behind today's 4th consecutive loss. It rallied considerably since breaking out above prior resistance at $27-28 when 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	$78.65	-1.04 -1.30%	$79.25	$81.56	-3.56%	5,420,671 77.42%	7,001,900
Most Recent Note for HD - 5/23/2013 12:48:52 PM Making its 3rd consecutive mid-day report appearance, pulling back today after 2 consecutive gap up gains backed by above volume for new 52-week highs. It is extended from any sound base. Prior mid-day reports 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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LGF - NYSE - MEDIA - Movie Production, Theaters Lions Gate Entertainment	$27.43	+0.88 3.31%	$27.50	$27.98	-1.97%	995,351 75.74%	1,314,200
Most Recent Note for LGF - 5/23/2013 12:50:48 PM Managed a positive reversal after gapping down today. Found support above its 50 DMA line and rallied further into new 52-week high territory since last noted in the 4/23/13 mid-day report with caution - "Recent quarterly comparisons through Dec '12 showed greatly improved sales revenues and earnings versus year ago losses. Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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LL - NYSE - RETAIL - Home Improvement Stores Lumber Liquidators Hldgs	$85.64	-2.37 -2.69%	$86.84	$90.92	-5.81%	626,896 93.47%	670,700
Most Recent Note for LL - 5/23/2013 12:54:48 PM Gapped down today, retreating from its 52-week high. Stubbornly held its ground and rose further since last noted in the 4/25/13 mid-day report - "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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MX - NYSE - MANUFACTURING - Diversified Machinery Magnachip Semiconductor	$17.80	+0.07 0.39%	$17.92	$18.75	-5.07%	424,527 80.72%	525,900
Most Recent Note for MX - 5/23/2013 12:58:03 PM Making its 2nd consecutive mid-day report appearance, it touched a new 52-week high on the prior session and it is poised for a 4th consecutive volume-driven gain. Rallied from support at its 50 DMA line, and additional chart support is at prior highs in the $14 area now coinciding with its 200 DMA line. Reported earnings +212% on +16% sales revenues for the Mar '13 quarter. 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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OCN - NYSE - BANKING - Savings & Loans Ocwen Financial Corp	$41.05	-0.55 -1.32%	$41.25	$44.87	-8.51%	2,515,700 112.29%	2,240,300
Most Recent Note for OCN - 5/23/2013 1:04:04 PM Pulling back from its 52-week high with above average volume behind today's 3rd consecutive loss. Prior mid-day reports repeatedly noted - "Reported very strong earnings and sales revenues increases for the Mar '13 quarter and Jun, Sep, Dec '12 quarters satisfying the C criteria (above the +25% minimum earnings guideline). Found support above its 200 DMA line during its consolidation since noted in the 2/28/13 mid-day report with caution. Its up and down annual earnings (A criteria) history leaves fundamental concerns."
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$32.61	-0.06 -0.18%	$32.84	$34.30	-4.93%	50,726 96.44%	52,600
Most Recent Note for SILC - 5/23/2013 1:05:28 PM Stubbornly holding its ground near its 52-week high, extended from any sound base. Promptly rebounded after a brief 50 DMA line violation in April. This Israeli manufacturer of Computer - Networking devices faces no resistance due to overhead supply. Prior mid-day reports cautioned - "Reported strong sales and earnings increases for the Mar '13 and Dec '12 quarters, accelerating after a streak of sub par quarterly earnings comparisons (bad C criteria). Concerning the A criteria, there was a downturn in FY '09, also making it not a good match with the fact-based investment system's fundamental guidelines."
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SMTC - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Semtech Corporation	$34.29	-2.04 -5.62%	$36.00	$37.38	-8.27%	1,418,687 287.47%	493,500
Most Recent Note for SMTC - 5/23/2013 1:12:12 PM Up from earlier lows below its 50 DMA line, it gapped down for a 2nd consecutive loss with above average volume following a negative reversal at its 52-week high after 9 consecutive gains. Reported earnings +70% on +39% sales revenues for the quarter ended April 30, 2013 versus the year ago period, its 2nd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Prior quarterly earnings comparisons were sub par. Its annual earnings (A criteria) history included a downturn in FY '09 and results were up and down in years prior.
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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$122.96	-4.88 -3.82%	$122.96	$130.99	-6.13%	780,690 123.68%	631,200
Most Recent Note for TM - 5/23/2013 1:13:59 PM Gapped down today, abruptly retreating from another new 52-week high hit on the prior session while enduring distributional pressure. Reported earnings +127% on -10% sales revenues for the Mar '13 quarter. Stubbornly held its ground and made steady progress since clearing an orderly 8-week flat base it was noted in the 4/08/13 mid-day report with caution - "Erratic earnings history is not a match with the fact-based investment system's guidelines."
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WETF - NASDAQ - FINANCIAL SERVICES - Asset Management Wisdomtree Investments	$12.83	-0.47 -3.53%	$12.87	$14.13	-9.20%	3,088,479 208.15%	1,483,800
Most Recent Note for WETF - 5/23/2013 1:22:14 PM Up from earlier lows testing its 50 DMA line following a gap down today after a "negative reversal" at its 52-week high on the prior session. Stubbornly held its ground and rallied further since last noted in the 4/29/13 mid-day report with caution. - "Reported earnings of 6 cents per share versus 1 cent per share on +53% sales revenues for the quarter ended March 31, 2013 versus the year ago period. Held its ground stubbornly above its 50 DMA line and made gradual progress since noted with caution in the 3/22/13 mid-day report - 'Completed a Secondary Offering on 11/14/12 and rebounded impressively to prior highs with its recent rally. Limited earnings history is a concern. Low-priced stocks are discouraged from consideration under the fact-based investment system.'"
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