Mid-Day Breakouts Report - Wednesday, May 29th, 2013

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 29TH, 2013
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DOW 15270.27 -139.12 (-0.90%) | NASDAQ 3457.8 -31.09 (-0.89%) | S&P 500 1645.46 -14.6 (-0.88%)

Time of Screening : 5/29/2013 11:56:16 AM Report Released : 5/29/2013 1:08:01 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
EQM - NYSE E Q T Midstream Partners	$49.51	-0.84 -1.66%	$50.96	144,186 153.72% of 50 DAV 50 DAV is 93,800	$51.72 -4.26%	4/25/2013	$40.16	PP = $40.84 MB = $42.88
Most Recent Note - 5/29/2013 12:20:32 PM G - Churning above average volume today while retreating after a "negative reversal" on the prior session broke a streak of 8 consecutive small gains. It is extended from its latest base and well above its 50 DMA line defining important near-term chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 5/16/2013. Click here.
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FLT - NYSE Fleetcor Technologies	$86.02	+1.67 1.98%	$86.29	717,950 79.55% of 50 DAV 50 DAV is 902,500	$87.01 -1.14%	5/29/2013	$86.02	PP = $85.66 MB = $89.94
Most Recent Note - 5/29/2013 12:32:33 PM Y- Color code is changed to yellow with new pivot point cited based on its 5/03/13 high while now rising from an advanced "3-weeks tight" base. It may go on to produce more climactic gains, however this is a riskier "late-stage" base. Hit a new 52-week high with today's 4th consecutive gain on ever-increasing volume. Its 50 DMA line defines support where a violation would raise concerns and trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 5/8/2013. Click here.
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VRX - NYSE Valeant Pharmaceuticals	$90.76	-1.10 -1.20%	$93.40	1,533,992 84.63% of 50 DAV 50 DAV is 1,812,500	$96.25 -5.70%	4/30/2013	$60.24	PP = $76.66 MB = $80.49
Most Recent Note - 5/29/2013 1:03:56 PM G- Perched at its all-time high following 2 consecutive volume-driven gains, extended from prior highs. Announced plans to buy Bausch & Lomb for $8.7 billion. 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
ADVS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Advent Software Inc	$32.18	-0.18 -0.56%	$32.26	$32.42	-0.74%	106,355 61.26%	173,600
Most Recent Note for ADVS - 5/29/2013 11:59:58 AM Holding its ground with volume totals cooling while perched at 52-week and multi-year highs since last noted with caution in the 5/17/13 mid-day report after 3 consecutive volume-driven gains - "Earnings increases improved in the Dec '12 and Mar '13 quarters but with sales revenues growth only in the +6-7% range. Prior history is not a match with the fact-based investment system's guidelines (C criteria), although it has a good annual earnings (A criteria) history and it has earned high ranks."
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AGYS - NASDAQ - Computer-Integrated Syst Agilysys Inc	$11.38	-0.44 -3.72%	$11.72	$11.96	-4.85%	30,770 70.57%	43,600
Most Recent Note for AGYS - 5/29/2013 12:06:28 PM Consolidating above its 50 DMA line and -4.8% off its 52-week high. It stalled but held its ground since last noted in the 4/23/13 mid-day report with caution - "Quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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ARLP - NASDAQ - METALS & MINING - Nonmetallic Mineral Mining Alliance Res Partners Lp	$73.45	-3.30 -4.30%	$75.96	$78.50	-6.44%	48,087 59.29%	81,100
Most Recent Note for ARLP - 5/29/2013 12:10:29 PM Fundamental concerns remain with respect to both the C criteria and the A criteria. Rebounding toward 52-week and multi-year highs following a deep consolidation below its 200 DMA line since last noted with caution in the 1/19/12 mid-day report - "This MLP in the Energy - Coal industry has an annual earnings (A criteria) history that has been strong following a downturn in FY '08. Its +12% earnings increase for the Jun '11 quarter was below the +25% guideline of the fact-based investment system, however most recent quarterly comparisons showed strong sales revenues and earnings increases."
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BOFI - NASDAQ - BANKING - Savings & Loans B O F I Holding Inc	$44.82	+2.02 4.72%	$44.91	$44.91	-0.20%	125,017 115.97%	107,800
Most Recent Note for BOFI - 5/29/2013 12:11:33 PM Spiking to new 52-week highs with above average volume behind today's 4th consecutive gain. 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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BX - NYSE - FINANCIAL SERVICES - Asset Management Blackstone Group Lp	$22.28	-0.82 -3.55%	$23.20	$23.80	-6.39%	3,146,066 62.88%	5,003,200
Most Recent Note for BX - 5/29/2013 12:12:54 PM Found support above its 50 DMA line and prior highs after losses with above average volume last week, action indicative of distributional pressure. 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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CAB - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Cabelas Inc	$66.65	-0.93 -1.38%	$67.69	$72.54	-8.12%	480,014 72.85%	658,900
Most Recent Note for CAB - 5/29/2013 12:16:10 PM Consolidating near its 52-week high and above its 50 DMA line. Reported earnings +75% on +29% sales revenues for the Mar '13 quarter, an improvement following 2 prior quarterly comparisons below the +25% minimum earnings guideline (C criteria). This Retail - Leisure Products firm went through a deep consolidation and undercut its 200 DMA line then rebounded since noted in the 9/19/12 mid-day report with caution -"Below the robust revenues growth levels expected under the fact-based investment system."
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CVI - NYSE - ENERGY - Oil and Gas Refining and Marketing C V R Energy Inc	$69.04	-1.34 -1.90%	$71.79	$72.32	-4.54%	538,971 98.23%	548,700
Most Recent Note for CVI - 5/29/2013 12:18:02 PM Holding its ground at its 52-week high and making its 2nd consecutive mid-day report appearance. Undercut its 50 DMA line during its latest consolidation then rebounded to new highs since noted 1/24/13 mid-day report. Prior mid-day reports have 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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FFG - NYSE - INSURANCE - Life Insurance F B L Financial Group	$41.16	-0.45 -1.08%	$41.50	$42.07	-2.16%	36,803 112.55%	32,700
Most Recent Note for FFG - 5/29/2013 12:22:38 PM Perched at its 52-week high following a considerable volume-driven gain on the prior session. Reported earnings +39% on +5% sales revenues for the quarter ended March 31, 2013 versus the year ago period. This life insurance firm's quarterly sales revenues and earnings increases have not been strong and steady, and its up and down annual earnings (A criteria) history is a concern.
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FFNW - NASDAQ - Finance-Savings & Loan First Finl Northwest Inc	$9.89	-0.01 -0.10%	$10.12	$10.14	-2.47%	108,382 140.76%	77,000
Most Recent Note for FFNW - 5/29/2013 12:24:52 PM Perched at its 52-week high, holding its ground stubbornly since last noted in the 5/21/13 mid-day report with caution - "Sales revenues have been waning, not growing, indicating no great demand for its new products or services. 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. Held its ground stubbornly and rallied further since its technical breakout on 5/03/13 with a considerable volume-driven gain."
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MHK - NYSE - MANUFACTURING - Textile Manufacturing Mohawk Industries Inc	$113.57	-3.06 -2.62%	$115.68	$120.70	-5.91%	437,187 60.73%	719,900
Most Recent Note for MHK - 5/29/2013 12:35:01 PM Testing support at its 50 DMA line. Consolidating from the 52-week high (N criteria) hit when last noted in the 5/14/13 mid-day report with caution as it tallied its 6th consecutive gain - "Recent quarterly earnings increases through Mar '13 were above the +25% minimum guideline (C criteria), however lackluster sales revenues growth in the +2-6% range hints that there is no great demand for new (N criteria) products or services."
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NOAH - NYSE - FINANCIAL SERVICES - Asset Management Noah Holdings Ltd Ads	$13.60	-1.02 -6.98%	$14.33	$14.64	-7.10%	129,609 115.31%	112,400
Most Recent Note for NOAH - 5/29/2013 12:36:30 PM Pulling back today after powering to another new 52-week high on the prior session with a considerable volume-driven gain. Prior mid-day reports repeatedly cautioned - "This Chinese provider of investment products reported earnings +217% on +94% sales revenues for the Mar '13 quarter. The low-priced shares undercut the 50 DMA line during its consolidation then rebounded and rallied impressively since noted in the 2/28/13 mid-day report with caution - 'Additional resistance remains due to overhead supply. Reported strong sales revenues and earnings increases in the Sep and Dec '12 quarters, but its prior earnings history is not a match with the fact-based investment system's guidelines.'"
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PBH - NYSE - CONSUMER NON-DURABLES - Personal Products Prestige Brands Holdings	$29.41	-0.27 -0.91%	$29.74	$35.21	-16.47%	163,449 59.92%	272,800
Most Recent Note for PBH - 5/29/2013 12:39:02 PM Consolidating in a tight range following a "negative reversal" on 5/16/13 after hitting a new 52-week high. Prior mid-day reports cautioned - "No resistance remains due to overhead supply, however it is extended from any sound base pattern. Reported earnings +38% on +15% sales revenues for the Mar '13 quarter, marking its 5th consecutive quarter with earnings above the +25% minimum guideline (C criteria) following 3 sub par quarterly comparisons. Its annual earnings (A criteria) history has not been especially strong, and consensus estimates are calling for FY '14 earnings +7% and FY '15 earnings +9%."
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PCH - NASDAQ - CONSUMER NON-DURABLES - Paper & Paper Products Potlatch Corp	$47.03	-2.12 -4.30%	$48.84	$51.48	-8.65%	155,404 72.93%	213,100
Most Recent Note for PCH - 5/29/2013 12:41:07 PM This REIT has abruptly slumped -8.1% off its 52-week high with today's 5th consecutive loss. The 5/15/13 mid-day report cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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SCI - NYSE - DIVERSIFIED SERVICES - Personal Services Service Corp Intl	$18.95	+1.33 7.55%	$19.59	$19.59	-3.27%	4,732,215 583.29%	811,300
Most Recent Note for SCI - 5/29/2013 12:45:42 PM Considerable gap up and volume-driven gain for a new 52-week high today. Stubbornly held its ground and made gradual progress since last noted in the 4/25/13 mid-day report when also tallying a considerable volume-driven gain for a new high - "Reported earnings +40% on +8% sales revenues for the Mar '13 quarter. Prior mid-day reports cautioned - 'Quarterly earnings increases have been below the +25% guideline and sales revenues increases were only in the +3-7% range. Its annual earnings (A criteria) history also falls short of the fundamental guidelines of the investment system.'"
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SHOS - NASDAQ - RETAIL - Discount, Variety Stores Sears Hometown & Outlet	$51.80	+1.80 3.60%	$52.21	$52.21	-0.79%	63,405 103.94%	61,000
Most Recent Note for SHOS - 5/29/2013 12:50:07 PM Hitting a new 52-week high with today's 7th consecutive gain, extended from prior highs in the $46 area. Quarterly comparisons through Jan '13 showed sub par sales revenues growth while its strong earnings increases showed worrisome deceleration. Undercut its 50 DMA line during its consolidation then rebounded to new highs since last noted in the 3/04/13 mid-day report with caution - "Annual earnings history (A criteria) is not a match with the fact-based investment system's guidelines."
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SLM - NASDAQ - FINANCIAL SERVICES - Credit Services S L M Corp	$24.04	+1.06 4.61%	$26.17	$26.17	-8.14%	6,649,152 229.32%	2,899,500
Most Recent Note for SLM - 5/29/2013 12:52:49 PM Gapped up today and hit a new 52-week high with a volume-driven gain. Technically, it broke out in February and made gradual progress since. Last noted in the 11/07/12 mid-day report with caution - "Quarterly and annual earnings history has not been a match with the fact-based investment system's guidelines (C and A criteria)."
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SPF - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Standard Pacific Corp	$9.05	-0.47 -4.94%	$9.50	$9.97	-9.23%	3,373,694 64.86%	5,201,700
Most Recent Note for SPF - 5/29/2013 12:55:18 PM Trading near its 50 DMA line with today's loss while still retreating from its 52-week high after completing a Secondary Offering on 5/15/13. Prior mid-day reports cautioned - Earnings increases above the +25% minimum guideline (C criteria) in recent quarterly comparisons are encouraging, but a downturn in FY '11 earnings is a flaw concerning the A criteria. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Its earnings history has been erratic and is not a match with the fact-based system's guidelines."
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USCR - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials U S Concrete Inc	$16.08	-0.17 -1.05%	$16.47	$16.68	-3.60%	22,779 61.73%	36,900
Most Recent Note for USCR - 5/29/2013 1:00:35 PM Perched near its 52-week high today. Undercut its 50 DMA line during its consolidation and then rebounded and showed bullish action since last noted in the 1/23/13 mid-day report with caution - "Earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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WETF - NASDAQ - FINANCIAL SERVICES - Asset Management Wisdomtree Investments	$12.99	-0.28 -2.11%	$13.27	$14.13	-8.07%	932,356 60.46%	1,542,000
Most Recent Note for WETF - 5/29/2013 1:05:47 PM Consolidating near its 52-week high after testing support at its 50 DMA line last week. Prior mid-day reports cautioned - "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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YHOO - NASDAQ - INTERNET - Internet Information Providers Yahoo! Inc	$25.56	-0.51 -1.96%	$26.04	$27.68	-7.66%	10,453,447 59.78%	17,486,400
Most Recent Note for YHOO - 5/29/2013 1:07:42 PM Encountering distributional pressure while retreating from its 52-week high toward its 50 DMA line. Prior mid-day reports cautioned - "Reported earnings +41%* on -7% sales revenues for the Mar '13 quarter.* Lackluster sales revenues growth history makes it not a good match with the fact-based investment system's guidelines as it reveals no great demand for new (N criteria) products or services. Recently making a little progress above multi-year resistance in the $19 area, and it found support near its upward sloping 50 DMA line."
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