Mid-Day Breakouts Report - Tuesday, May 28th, 2013

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 28TH, 2013
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DOW 15450.47 147.37 (0.96%) | NASDAQ 3497.86 38.72 (1.12%) | S&P 500 1664.81 15.09 (0.91%)

Time of Screening : 5/28/2013 12:08:17 PM Report Released : 5/28/2013 1:01:34 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
AMBA - NASDAQ Ambarella Inc	$16.53	+1.04 6.71%	$16.63	880,545 120.64% of 50 DAV 50 DAV is 729,900	$17.90 -7.65%	5/6/2013	$15.31	PP = $16.10 MB = $16.91
Most Recent Note - 5/28/2013 12:18:01 PM Y - Rebounding back above its pivot point with above average volume behind its solid gain today. Friday's close below its old high close ($15.66 on 3/28/13) had raised concerns by completely negating its recent breakout. >>> The latest Featured Stock Update with an annotated graph appeared on 5/6/2013. Click here.
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MRLN - NASDAQ Marlin Business Services	$23.87	+0.50 2.14%	$23.95	19,262 78.62% of 50 DAV 50 DAV is 24,500	$25.97 -8.09%	3/15/2013	$22.29	PP = $23.18 MB = $24.34
Most Recent Note - 5/28/2013 12:43:33 PM Y - Trading further above its 50 DMA line with today's 3rd consecutive gain backed by ever-increasing volume. The rebound above that important short-term average on Friday helped its technical stance and outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 5/23/2013. Click here.
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VRX - NYSE Valeant Pharmaceuticals	$91.30	+6.83 8.09%	$96.25	8,222,656 573.69% of 50 DAV 50 DAV is 1,433,300	$96.25 -5.14%	4/30/2013	$60.24	PP = $76.66 MB = $80.49
Most Recent Note - 5/28/2013 1:01:20 PM G- Volume is running well above average behind today's 2nd consecutive big gain and its color code was changed to green after rallying beyond its "max buy" level. Prior reports cautioned - "Sub par earnings for the Mar '13 quarter below the +25%* minimum guideline (C criteria) raised fundamental concerns."* >>> The latest Featured Stock Update with an annotated graph appeared on 5/17/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$12.02	+0.16 1.35%	$12.23	$12.23	-1.72%	118,691 107.90%	110,000
Most Recent Note for ACET - 5/28/2013 12:13:46 PM Hit another new 52-week high today. Rallied in the past few weeks with volume-driven gains since it found support above its 200 DMA line during its recent consolidation. Reported earnings +89% on +24% sales revenues for the Mar '13 quarter, but prior quarters have not shown strong and steady sales and earnings increases. This low-priced stock has an up and down annual earnings (A criteria) history.
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ADUS - NASDAQ - Medical-Outpnt/Hm Care Addus Homecare Corp	$17.20	+0.94 5.76%	$17.99	$17.99	-4.41%	117,930 79.57%	148,200
Most Recent Note for ADUS - 5/28/2013 12:15:22 PM Hit a new 52-week high today. Reported earnings +54% on +7% sales revenues for the Mar '13 quarter. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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AIN - NYSE - MANUFACTURING - Textile Manufacturing Albany Intl Corp Cl A	$31.88	-0.12 -0.38%	$32.77	$32.95	-3.25%	104,955 94.55%	111,000
Most Recent Note for AIN - 5/28/2013 12:17:13 PM Consolidating after rallying above previously stubborn resistance in the $30 area. As it was beginning to rally from a "double bottom" base the 5/03/13 mid-day report cautioned - "Earnings increases improved in the Dec '12 and Mar '13 quarters but sub par sales revenues growth is a concern. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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AMWD - NASDAQ - MATERIALS & CONSTRUCTION - Lumber, Wood Production American Woodmark Corp	$37.15	+1.18 3.28%	$37.35	$37.35	-0.54%	128,048 121.95%	105,000
Most Recent Note for AMWD - 5/28/2013 12:19:35 PM Hitting another new 52-week high with today's 4th consecutive volume-driven gain. Reported earnings versus a loss for the year-ago quarter ended January 31st. Found support when consolidating near its 50 DMA line recently, and technically it broke out and finished strong after noted in the 2/04/13 mid-day report with caution - "Earnings history is not a match with the fact-based investment system's guidelines. It survived but failed to impress since dropped from the Featured Stocks list on 1/31/05."
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BOFI - NASDAQ - BANKING - Savings & Loans B O F I Holding Inc	$42.53	+0.89 2.14%	$43.53	$43.53	-2.30%	101,213 96.03%	105,400
Most Recent Note for BOFI - 5/28/2013 12:21:02 PM Perched at its 52-week high. Prior mid-day reports recently noted - "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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CLRO - NASDAQ - Telecom-Infrastructure ClearOne Inc	$9.70	+0.22 2.32%	$9.81	$9.81	-1.12%	34,426 82.95%	41,500
Most Recent Note for CLRO - 5/28/2013 12:22:27 PM Hit a new 52-week high with today's 8th consecutive small gain. The 5/20/13 mid-day report cautioned - "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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CSTE - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials CaesarStone Sdot-Yam Ltd	$29.05	+0.65 2.27%	$29.90	$29.90	-2.86%	284,654 104.15%	273,300
Most Recent Note for CSTE - 5/28/2013 12:26:43 PM Touched another new 52-week high with today's 4th consecutive gain. Volume-driven gains helped it recently rebound after undercutting its 50 DMA line during its latest consolidation. Reported earnings +19% on +13% sales revenues for the Mar '13 quarter, below the +25% minimum guideline (C criteria). Last noted in the 4/02/13 mid-day report with caution - "Lackluster sales revenues growth and limited history since its 3/23/12 IPO at $11* leaves concerns."*
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CVI - NYSE - ENERGY - Oil and Gas Refining and Marketing C V R Energy Inc	$71.28	+3.38 4.98%	$71.71	$71.71	-0.60%	879,138 160.34%	548,300
Most Recent Note for CVI - 5/28/2013 12:27:48 PM Hitting another new 52-week high today. Undercut its 50 DMA line during its latest consolidation then rebounded to new highs since noted 1/24/13 mid-day report. The 5/20/13 mid-day report cautioned - "Quarterly comparisons through Mar '13 show earnings increases satisfying the C criteria. Abrupt downturn in FY '10 earnings is a flaw concerning the A criteria, as its annual earnings history has been erratic and below the fact-based system's guidelines."
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EFII - NASDAQ - WHOLESALE - Computers Wholesale Electronics For Imaging	$28.27	+1.36 5.05%	$28.30	$28.30	-0.11%	274,417 109.20%	251,300
Most Recent Note for EFII - 5/28/2013 12:31:30 PM Volume is running at an above average pace today after gapping up for a new 52-week high. Quarterly earnings and sales revenues showed sub par increases in the recent quarterly comparisons through Mar '13. Its annual earnings (A criteria) history included a loss in FY '09. It survived but failed to impress since last noted in the 5/05/11 mid-day report with caution - "Fundamentally, earnings have not been strong and steady enough to meet the fact-based investment system guidelines."
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EGHT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Eight By Eight Inc	$7.93	+0.11 1.41%	$8.00	$8.10	-2.10%	539,936 95.85%	563,300
Most Recent Note for EGHT - 5/28/2013 12:32:49 PM Holding its ground near its 52-week high following an impressive "positive reversal" after a 5/23/13 gap down tested support at 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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GRA - NYSE - CHEMICALS - Specialty Chemicals Grace W R & Co	$82.96	+2.93 3.66%	$83.61	$83.61	-0.78%	436,283 82.91%	526,200
Most Recent Note for GRA - 5/28/2013 12:34:50 PM Gapped up today and hit a new 52-week high. Rebounded after undercutting its 50 DMA line when last noted with caution in the 4/10/13 mid-day report after gapping down - "Reported earnings +25% on -3% sales for the Dec '12 quarter. Prior quarterly comparisons showed sub par earnings increases (C criteria). A downturn in FY '09 was noted previously as a flaw that makes its annual earnings (A criteria) history fall short of the investment system's guidelines."
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HTZ - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services Hertz Global Holdings	$26.17	+0.97 3.85%	$26.45	$26.45	-1.06%	6,385,135 79.93%	7,988,900
Most Recent Note for HTZ - 5/28/2013 12:36:00 PM Gapped up today and hit a new 52-week high after holding its ground stubbornly well above its 50 DMA line. Completed another Secondary Offering on 3/08/13. Reported earnings +320% on +24% sales for the Mar '13 quarter. Completed a Secondary Offering on 12/12/12 and made steady progress. Earnings history in recent quarterly comparisons improved (C criteria) but a downturn in FY '08 and '09 earnings is a flaw concerning the fact-based investment system's A criteria.
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IRG - NASDAQ - LEISURE - Restaurants Ignite Restaurant Group	$19.03	+0.38 2.01%	$19.14	$20.42	-6.83%	72,554 102.05%	71,100
Most Recent Note for IRG - 5/28/2013 12:37:02 PM Encountered mild distributional pressure last week after wedging to a new 52-week high with recent gains lacking great volume conviction. The 5/24/13 mid-day report cautioned - "This Retail - Restaurant firm's earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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LABL - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers Multi Color Corp	$29.83	-0.24 -0.80%	$30.56	$30.56	-2.39%	41,813 106.94%	39,100
Most Recent Note for LABL - 5/28/2013 12:41:16 PM Reversed into the red after early gains today. Perched near 52-week and multi-year highs, recently 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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NNI - NYSE - FINANCIAL SERVICES - Credit Services Nelnet Inc	$39.56	+1.06 2.75%	$39.98	$39.98	-1.05%	63,385 79.13%	80,100
Most Recent Note for NNI - 5/28/2013 12:45:18 PM Hitting yet another new 52-week high today. Held its ground and made steady progress since rising from an orderly flat base when last noted in the 5/14/13 mid-day report with caution - "Fundamental concerns remain. Found prompt support near its 50 DMA line and made gradual progress since noted in the 12/17/12 mid-day report with caution - 'Recent quarters showed earnings increases below the +25% minimum guideline with sub par sales revenues growth, which reveals no great growth in demand for its services.'"
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PTP - NYSE - INSURANCE - Property & Casualty Insurance Platinum Underwriters	$57.59	+0.16 0.28%	$57.95	$59.50	-3.21%	769,910 292.08%	263,600
Most Recent Note for PTP - 5/28/2013 12:46:23 PM Churning heavy volume in recent weeks while 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 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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SPA - NYSE - ELECTRONICS - Scientific & Technical Instrum Sparton Corp	$16.19	+0.30 1.89%	$16.30	$16.30	-0.67%	21,844 82.12%	26,600
Most Recent Note for SPA - 5/28/2013 12:48:42 PM Hit a new 52-week high with above average volume behind today's 9th gain in the span of 10 sessions. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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SQI - NASDAQ - INTERNET - Internet Software & Services Sciquest Inc	$23.58	-0.28 -1.17%	$24.58	$26.00	-9.31%	121,709 89.10%	136,600
Most Recent Note for SQI - 5/28/2013 12:52:12 PM Consolidating near its 50 DMA line today, encountering distributional pressure in recent weeks after wedging to new 52-week highs with gains lacking great volume conviction. Quarterly comparison in Mar '13 showed +60% earnings on +43% sales revenues. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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TARO - NYSE - DRUGS - Drug Manufacturers - Other Taro Pharmaceutical Inds	$59.78	-0.64 -1.06%	$61.09	$64.24	-6.94%	20,036 91.07%	22,000
Most Recent Note for TARO - 5/28/2013 12:54:35 PM On Friday it gapped down for a damaging loss with above average volume, and it is slumping below its 50 DMA line today after showing some resilience near that important short-term average. Reported earnings +7% on +14% sales revenues for the Mar '13 quarter, below the fact-based investment system's guidelines. The Israel-based Medical - Generic Drugs firm faced no resistance due to overhead supply when noted in the 5/14/13 mid-day report with caution - "Rallying from an orderly flat base pattern above its 50 DMA line. Reported earnings +40% on +25% sales revenues for the Dec '12 quarter, a solid improvement following its previously noted sub par results for the Sep '12 quarter (below the +25% minimum guideline for the C criteria). The number of top-rated funds owning its shares from 2 in Mar '12 to 20 as of Mar '13, a reassuring sign concerning the I criteria."
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TBBK - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Bancorp Inc	$14.24	+0.11 0.78%	$14.57	$14.57	-2.26%	99,876 95.67%	104,400
Most Recent Note for TBBK - 5/28/2013 12:59:22 PM Hitting a new 52-week high with today's volume-driven gain, rising from a base-on-base type pattern. Reported strong earnings for the Mar '13 quarter, continuing its recent history of solid increases versus the year ago period(s). Completed a new Public Offering on 12/18/12. Noted with caution in prior mid-day reports - "Quarterly earnings increases above the +25% guideline satisfy the C criteria. Its annual earnings (A criteria) history has been steadily improving after an abrupt downturn and loss in FY '08. Low-priced stocks are discouraged from consideration under the fact-based investment system."
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UEIC - NASDAQ - CONSUMER DURABLES - Electronic Equipment Universal Electronics	$27.58	+0.90 3.38%	$27.78	$27.78	-0.72%	152,233 240.12%	63,400
Most Recent Note for UEIC - 5/28/2013 1:00:52 PM Hitting another new 52-week high with today's volume-driven gain. Held its ground stubbornly since last noted in the 5/15/13 mid-day report with caution - "Hitting a new 52-week high but it faces additional resistance up through the $30 level. Reported earnings +37% on +11% sales revenues for the Mar '13 quarter. Prior quarterly comparisons were sub par, not a match with the fact-based investment system's guidelines (C criteria)."
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