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 MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 31ST, 2013
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DOW 15330.37 5.84 (0.04%) | NASDAQ 3492.15 0.85 (0.02%) | S&P 500 1652.89 -1.52 (-0.09%)
Time of Screening : 5/31/2013 12:06:26 PM         Report Released : 5/31/2013 12:51:42 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
AL - NYSE
Air Lease Corp Cl A
$28.16 +0.70
2.55%
$28.31 2,827,301
613.96% of 50 DAV
50 DAV is 460,500
$31.00
-9.16%
5/9/2013 $30.95 PP = $29.38
MB = $30.85
Most Recent Note - 5/31/2013 12:14:02 PM
G - Rebounding toward its 50 DMA line after pricing a Secondary Offering. It violated important support at its 50 DMA line with volume-driven losses raising concerns and triggering technical sell signals this week, and only a prompt rebound above its 50 DMA would help its outlook improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2013. 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
$21.75 +0.46
2.16%
$21.75 $21.75 0.00% 44,958
77.25%
58,200
Most Recent Note for AFOP - 5/31/2013 12:10:51 PM
Perched at its 52-week high and tallying its 4th consecutive gain, extended from any sound base. Powered higher after recently raising guidance for its 2nd quarter, however, prior mid-day reports repeatedly cautioned - "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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BOFI - NASDAQ - BANKING - Savings & Loans
B O F I Holding Inc
$46.91 +0.54
1.16%
$47.33 $47.33 -0.89% 108,532
94.21%
115,200
Most Recent Note for BOFI - 5/31/2013 12:14:49 PM
Spiking to new 52-week highs with above average volume behind today's 6th 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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BWS - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Brown Shoe Company Inc
$21.32 -0.17
-0.79%
$21.70 $21.80 -2.20% 285,973
83.79%
341,300
Most Recent Note for BWS - 5/31/2013 12:15:48 PM
Perched at its 52-week high today following 3 consecutive gains backed by above average volume. It rallied from a long and orderly base during which it found support at its 200 DMA line. Prior mid-day reports cautioned - "Earnings and sales revenues growth history is below the guidelines of the fact-based investment system."
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CCIX - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Coleman Cable Inc
$18.81 +0.35
1.90%
$19.67 $19.67 -4.37% 121,638
120.08%
101,300
Most Recent Note for CCIX - 5/31/2013 12:18:55 PM
Volume-driven gain for a new 52-week high today. Held its ground stubbornly in recent weeks after considerable volume-driven gains. Found support at its 50 DMA line during its consolidation since noted in the 4/08/13 mid-day report with caution - "This company hailing from the Electrical - Power/Equipment group has an erratic earnings history (C and A criteria) below the fact-based investment system's guidelines."
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment
Clearfield Inc
$8.35 +0.25
3.07%
$8.35 $8.35 -0.01% 40,861
104.50%
39,100
Most Recent Note for CLFD - 5/31/2013 12:23:20 PM
Gain today for another new 52-week high and matching its 2011 high. Held its ground stubbornly after a recent streak of volume-driven gains. Rallied above earlier chart highs from an orderly flat base, and worked up through resistance due to overhead supply, however prior mid-day reports repeatedly cautioned - "Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based system's fundamental guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."

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EGHT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Eight By Eight Inc
$8.14 +0.20
2.52%
$8.17 $8.17 -0.37% 717,215
126.34%
567,700
Most Recent Note for EGHT - 5/31/2013 12:25:39 PM
Hitting a new 52-week high today, rising from a cup-with-handle base pattern. There was 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 and prior mid-day reports cautioned - "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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GNRC - NYSE - Electrical-Power/Equipmt
Generac Hldgs Inc
$40.29 +0.50
1.26%
$40.37 $41.40 -2.68% 672,362
83.78%
802,500
Most Recent Note for GNRC - 5/31/2013 12:28:06 PM
Rising within close striking distance of its 52-week high with today's 6th consecutive gain backed by ever increasing volume. Reported earnings +26% on +36% sales for the Mar '13 quarter, but the 2 prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) of the fact-based system. Consensus estimates calling for FY '13 earnings growth of +8% and FY '14 at 0%, and its currently low P/E valuation (0.8 X SP) suggest a timid outlook for future growth, which is cause for concern.
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GPK - NYSE - CONSUMER NON-DURABLES - Packaging & Containers
Graphic Packaging Hldg
$7.73 -0.23
-2.89%
$7.78 $8.12 -4.80% 1,748,779
81.85%
2,136,500
Most Recent Note for GPK - 5/31/2013 12:29:45 PM
Small gap down today testing support at its 50 DMA line. Completed Secondary Offerings on 3/21/13 and on 12/12/12. Last noted in the 3/26/13 mid-day report with caution - "Quarterly sales and earnings increases (C criteria) have been below the guidelines of the fact-based investment system. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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IBN - NYSE - BANKING - Money Center Banks
Icici Bank Ltd Adr
$45.25 -1.63
-3.47%
$45.63 $48.44 -6.60% 903,841
75.15%
1,202,700
Most Recent Note for IBN - 5/31/2013 12:31:36 PM
Gapped down today, slumping toward its 50 DMA line. Found support at its 200 DMA line during its consolidation then rebounded to new highs since last noted with caution in the 2/04/13 mid-day report - "This India-based bank's sales revenues and earnings have not shown strong or steady quarterly and annual growth or acceleration."
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JAZZ - NASDAQ - DRUGS - Biotechnology
Jazz Pharmaceuticals Plc
$69.00 +0.56
0.82%
$70.00 $70.00 -1.43% 647,041
78.28%
826,600
Most Recent Note for JAZZ - 5/31/2013 12:36:41 PM
Getting extended from prior highs in the $60 area after a recent spurt of volume-driven gains. Disciplined investors may watch for a secondary buy point or new base to possibly develop and be noted in the weeks ahead. Completed a Secondary Offering on 3/05/13. Fundamentals (C and A criteria) remain strong and it showed resilience at its 200 DMA line and rebounded since dropped from the Featured Stocks list on 4/01/13.
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KKD - NYSE - LEISURE - Restaurants
Krispy Kreme Doughnuts
$16.68 +2.42
16.97%
$16.92 $16.92 -1.42% 5,440,005
486.80%
1,117,500
Most Recent Note for KKD - 5/31/2013 12:39:51 PM
Gapped up today for a considerable gain and new 52-week high. Reported earnings +43% on +11% sales for the Apr '13 quarter. Recent quarters show earnings improving, but without especially strong sales revenues acceleration.
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LGF - NYSE - MEDIA - Movie Production, Theaters
Lions Gate Entertainment
$30.34 +2.31
8.24%
$30.53 $30.57 -0.75% 2,958,062
220.93%
1,338,900
Most Recent Note for LGF - 5/31/2013 12:42:01 PM
Rallying further into new 52-week high territory with a considerable volume-driven gain today. Noted in prior mid-day reports with caution - "Recent quarterly comparisons 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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MX - NYSE - MANUFACTURING - Diversified Machinery
Magnachip Semiconductor
$18.53 -0.26
-1.36%
$19.00 $19.07 -2.81% 391,016
75.85%
515,500
Most Recent Note for MX - 5/31/2013 12:44:15 PM
Perched at its 52-week high, holding its ground after 4 consecutive volume-driven gains when last noted in the 5/23/13 mid-day report with caution - "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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SCI - NYSE - DIVERSIFIED SERVICES - Personal Services
Service Corp Intl
$18.22 +0.03
0.16%
$18.34 $19.59 -6.99% 1,102,780
108.64%
1,015,100
Most Recent Note for SCI - 5/31/2013 12:48:05 PM
Holding its ground since a considerable gap up and volume-driven gain on 5/29/13 for a new 52-week high on news it will merge with Stewart Enterprises (STEI). Stubbornly held its ground and made gradual progress since 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
$55.40 +2.36
4.45%
$55.48 $55.72 -0.57% 81,217
115.37%
70,400
Most Recent Note for SHOS - 5/31/2013 12:48:59 PM
Hitting yet another new 52-week high with today's 9th consecutive gain, getting more 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 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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TRS - NASDAQ - MANUFACTURING - Diversified
Trimas Corp
$32.56 -0.38
-1.15%
$32.81 $33.16 -1.81% 136,977
80.10%
171,000
Most Recent Note for TRS - 5/31/2013 12:51:30 PM
Hovering near its 52-week and all-time highs. Reported earnings +13% on +14% sales revenues for the Mar '13 quarter. Completed a Secondary Offering on 3/01/12 and noted in prior mid-day reports with caution - "Reported strong earnings and sales revenues increases for the Dec '12 quarter but fundamental concerns remain. No resistance remains due to overhead supply. Quarterly earnings increases below the +25% minimum earnings growth guideline are a concern with respect to the C criteria."
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