Mid-Day Breakouts Report - Wednesday, June 6th, 2012

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 6TH, 2012
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DOW 12356.17 228.22 (1.88%) | NASDAQ 2837.65 59.54 (2.14%) | S&P 500 1310.49 24.99 (1.94%)

Time of Screening : 6/6/2012 11:52:21 AM Report Released : 6/6/2012 1:14:13 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
DG - NYSE Dollar General Corp	$48.50	+1.74 3.72%	$48.59	13,546,335 448.72% of 50 DAV 50 DAV is 3,018,900	$49.50 -2.02%	5/7/2012	$48.51	PP = $47.69 MB = $50.07
Most Recent Note - 6/6/2012 12:15:42 PM G - Gapped up today, rallying from its 50 DMA line again. Proposed another Secondary Offering on 6/04/12, its 4th Secondary Offering since September '11. Reported earnings +31% on +13% sales revenues for the quarter ended April 30, 2012 versus the year ago period. The broader market (M criteria) has yet to confirm a new rally, however, and without a solid follow-through day from at least one of the major averages all new buying efforts are discouraged under the fact-based investment system. >>> The latest Featured Stock Update with an annotated graph appeared on 5/9/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AIRM - NASDAQ - TRANSPORTATION - Air Services, Other Air Methods Corp	$86.80	-0.62 -0.71%	$88.49	$94.95	-8.58%	45,940 64.25%	71,500
Most Recent Note for AIRM - 6/6/2012 11:55:38 AM Pulling back -8.6% off its 52-week high today and slumping below its 50 DMA line with a 6th consecutive loss. Earnings and sales revenues improved in the Mar '12 quarter following sub par results in the Sep and Dec '11 comparisons since last noted in the 7/20/11 mid-day report - "Sales and earnings growth history has been erratic and below guidelines."
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ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$25.57	+0.52 2.08%	$25.65	$26.97	-5.19%	383,107 72.16%	530,900
Most Recent Note for ALLT - 6/6/2012 12:00:47 PM Rebounded above its 50 DMA line and it is perched -5.4% off its 52-week high today. Its technical stance has improved, however its choppy 6-week consolidation is not an orderly base pattern. It has shown resilience since weak action prompted it to be dropped from the Featured Stocks list on 5/18/12.
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$24.72	+0.62 2.57%	$24.89	$24.89	-0.68%	331,784 90.87%	365,100
Most Recent Note for BGS - 6/6/2012 12:03:04 PM Gapped up today and hit a new 52-week high with another volume-driven gain and No overhead supply remains to act as resistance. Reported earnings +30% on +20% sales revenues for the quarter ended Mar 31, 2012 versus the year ago period. Its report of earnings +7% on +6% sales revenues for the quarter ended Dec 31, 2011 versus the year ago period marked its first quarterly comparison with earnings below the +25% minimum guideline in years. Prior mid-day reports noted - "Its earnings history has been strong, but the lack of sales revenues growth raises concerns that there is not great or growing demand for a new (N criteria) product or services."
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CHDN - NASDAQ - LEISURE - Gaming Activities Churchill Downs Inc	$59.78	+0.47 0.79%	$60.01	$63.18	-5.38%	111,793 162.25%	68,900
Most Recent Note for CHDN - 6/6/2012 12:07:33 PM Finding support near its 50 DMA line and perched just -5.2% off its 52-week high today. Little resistance remains due to overhead supply. Reported earnings of 8 cents per share versus a year ago loss with sales revenues up only +5% for the quarter ended March 31, 2012. Prior mid-day reports noted - "Quarterly sales revenues show deceleration in comparisons through Dec '11 while earnings improved over year ago figures. Its annual earnings (A criteria) history has not been strong and steady."
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CYBX - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Cyberonics Inc	$38.84	+1.00 2.64%	$39.59	$40.29	-3.60%	123,639 64.13%	192,800
Most Recent Note for CYBX - 6/6/2012 12:12:13 PM Gain today has it rebounding above its 50 DMA line. Important near-term support is at prior lows in the $36 area. Reported earnings +46% on +13% sales revenues for the quarter ended April 30, 2012 versus the year ago period, marking 3 consecutive quarterly earnings comparisons above the +25% guideline (meeting C criteria). Its annual earnings (A criteria) history included a dip in FY '11 earnings that leaves fundamental concerns with respect to the fact-based investment system's guidelines.
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EFC - NYSE - BANKING - Savings & Loans Ellington Financial	$20.47	+0.08 0.40%	$20.62	$22.20	-7.78%	18,240 58.09%	31,400
Most Recent Note for EFC - 6/6/2012 12:29:35 PM Consolidating near its 50 DMA line after recent distributional action. Prior mid-day reports noted - "Reported earnings +3%* on -1% sales revenues for the quarter ended March 31, 2012 versus the year ago period following stronger increases in prior comparisons."*
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KONA - NASDAQ - LEISURE - Restaurants Kona Grill Inc	$8.16	-0.11 -1.31%	$8.32	$8.32	-1.92%	76,880 89.50%	85,900
Most Recent Note for KONA - 6/6/2012 12:34:02 PM Holding its ground today near its 52-week high. Prior mid-day reports noted - "Recent quarterly comparisons through Mar '12 showed good earnings versus year ago losses, however sub par sales revenues growth (+9% in the 2 latest quarters) is a concern. FY '11 marked its first profitable year after many years of operating losses. Low-priced stocks are discouraged from consideration as buy candidates under the fact-based investment system unless all key criteria are solidly satisfied."
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KONG - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Kongzhong Corp Ads	$7.56	-0.05 -0.66%	$7.64	$7.67	-1.43%	63,056 80.53%	78,300
Most Recent Note for KONG - 6/6/2012 12:34:46 PM Hovering at its 52-week high today while on track for a 5th consecutive weekly gain. It faces additional overhead supply that may act as resistance. Prior mid-day reports noted - "Earnings history is not a match with the fact-based investment system. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Mellanox Technologies	$61.91	+3.91 6.74%	$62.50	$67.20	-7.87%	434,944 84.28%	516,100
Most Recent Note for MLNX - 6/6/2012 12:38:32 PM Consolidating since last noted when pulling back following a considerable gap up and volume-driven gain to a new high. Reported earnings +113% on +61% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Its streak of 3 strong quarterly earnings comparisons now satisfies the C criteria. A downturn in FY '09 earnings is a small flaw in its annual earnings (A criteria) history. Gapped up on 4/17/12 for a new all-time high following an analyst upgrade. It is now very extended from any sound base pattern."
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NICE - NASDAQ - Computer Sftwr-Security Nice Ltd Adr	$37.70	+0.62 1.68%	$37.87	$40.04	-5.84%	144,896 66.10%	219,200
Most Recent Note for NICE - 6/6/2012 12:39:49 PM Rallying toward its 50 DMA line which may act as resistance. The 5/10/12 mid-day report noted - "Quarterly and annual earnings history is not a good match with the C and A criteria. It survived but failed to impress since last noted in the 9/13/07 mid-day report."
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NSM - NYSE - FINANCIAL SERVICES - Credit Services Nationstar Mtg Hldgs Inc	$18.82	-0.98 -4.95%	$19.36	$20.36	-7.56%	412,616 100.47%	410,700
Most Recent Note for NSM - 6/6/2012 12:42:02 PM Pulling back from its 52-week high hit on the prior session, gapping down today. Recent spurt of gains backed by above average volume leaves it extended from any sound base pattern, up from its $14 IPO on 3/08/12. Limited history is a concern.
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OABC - NASDAQ - BANKING - Regional - Southwest Banks Omniamerican Bancorp	$20.04	+0.41 2.09%	$20.13	$20.71	-3.24%	29,231 85.47%	34,200
Most Recent Note for OABC - 6/6/2012 12:43:26 PM Rebounded above its 50 DMA line with today's 3rd consecutive gain. No resistance remains due to overhead supply. Prior mid-day reports noted - "Recent quarters showed better earnings versus the year earlier, however unimpressive sales revenues growth suggests no great demand for new (N criteria) products or services."
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QCOR - NASDAQ - DRUGS - Biotechnology Questcor Pharmaceuticals	$43.97	+2.95 7.19%	$44.50	$46.84	-6.13%	1,445,348 81.63%	1,770,700
Most Recent Note for QCOR - 6/6/2012 12:49:53 PM Faces previously stubborn resistance at prior highs in the $46 area while tallying a considerable gain today. Reported earnings +205% on +161% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Strong prior quarterly comparisons with solid sales revenues and earnings increases satisfy the C criteria of the fact-based system. Downward turn in its FY '09 earnings was previously noted as a flaw concerning the A criteria. Rallied nearly 4-fold from its February 2011 lows in the $12 area.
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RGLD - NASDAQ - METALS & MINING - Gold Royal Gold Inc	$79.80	+2.24 2.88%	$80.55	$83.87	-4.86%	917,645 100.60%	912,200
Most Recent Note for RGLD - 6/6/2012 12:51:40 PM Tallying a 4th consecutive gain with above average volume today. Recently rallying from below its 200 DMA line with volume-driven gains, rebounding toward its 52-week high and previously stubborn resistance in the $83 area. The 9/22/11 mid-day report noted- "Several leaders in the recently strong Mining - Gold/Silver/Gems group (L criteria) are perched near all-time highs with no resistance remaining to hinder their progress. Its up and down annual earnings (A criteria) history does not meet the investment system guidelines, but recent quarterly comparisons showed mostly strong sales revenues and earnings increases versus the year ago period."
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$126.29	-1.99 -1.55%	$127.74	$130.25	-3.04%	1,669,087 119.77%	1,393,600
Most Recent Note for SHW - 6/6/2012 12:53:28 PM Perched near its 52-week high today, enduring distributional pressure. During a recent consolidation it found support above its 50 DMA line. The 5/08/12 mid-day report and subsequent reports repeatedly noted - "Quarterly and annual earnings (C and A criteria) increases have not been strong and steady enough to meet the guidelines."
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SNI - NYSE - MEDIA - CATV Systems Scripps Ntwrks Intr Cl A	$54.44	+0.66 1.23%	$54.64	$55.35	-1.64%	720,469 62.05%	1,161,100
Most Recent Note for SNI - 6/6/2012 12:55:54 PM Consolidating within close striking distance of its 52-week high while building a short flat base above its 50 DMA line. Prior mid-day reports noted - "Fundamentals are below guidelines of the investment system. Reported earnings +18%* on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period."*
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SYPR - NASDAQ - ELECTRONICS - Printed Circuit Boards Sypris Solutions Inc	$5.90	+0.00 0.00%	$6.05	$6.40	-7.81%	30,932 83.15%	37,200
Most Recent Note for SYPR - 6/6/2012 12:56:51 PM Perched near its 52-week high today after a spurt of volume-driven gains. Prior mid-day reports noted - "Recent quarterly comparisons showed earnings versus year ago losses. Its annual earnings (A criteria) history has been poor, including years of losses. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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TCAP - NYSE - FINANCIAL SERVICES - Credit Services Triangle Capital Corp	$20.77	+0.31 1.52%	$20.84	$21.00	-1.10%	102,579 60.31%	170,100
Most Recent Note for TCAP - 6/6/2012 12:59:04 PM Hitting a new 52-week high, gapping up today following a strong finish on the prior session. Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines.
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TYL - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Tyler Technologies Inc	$38.10	+0.41 1.09%	$38.16	$41.61	-8.44%	118,926 77.33%	153,800
Most Recent Note for TYL - 6/6/2012 1:01:00 PM Consolidating below its 50 DMA line since gapping down below that important short term average immediately after last noted in the 5/03/12 mid-day report - "Reported earnings +0% on +13% sales revenues for the quarter ended March 31, 2011 versus the year ago period. It survived but failed to impress, and fundamentals today are below guidelines. The Computer-Tech Services firm was dropped from the Featured Stocks list on 9/24/08 due to technical weakness."
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$96.73	+9.35 10.70%	$97.17	$97.89	-1.19%	1,868,281 198.63%	940,600
Most Recent Note for ULTA - 6/6/2012 1:10:15 PM Considerable gap up and volume-driven gain today helped it hit a new 52-week high after reporting earnings +46% on +23% sales revenues for the quarter ended April 30, 2012 versus the year ago period. The choppy 8-week consolidation is not considered an orderly base, however no resistance remains due to overhead supply. Completed a Secondary Offering on 5/10/12 and it had been encountering resistance below its 50 DMA line since last noted on 5/08/12 when it was dropped from the Featured Stocks list.
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UNFI - NASDAQ - WHOLESALE - Food Wholesale United Natural Foods Inc	$52.60	+1.40 2.73%	$52.60	$53.99	-2.57%	162,860 60.66%	268,500
Most Recent Note for UNFI - 6/6/2012 1:11:27 PM Up today for a 3rd consecutive volume-driven gain, trading at its 52-week high. Its 50 DMA line acted as a support level recently along with earlier highs in the $48-49 area. Reported earnings +23% on +15% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Quarterly earnings increases have been below the +25% minimum guideline.
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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$16.78	+1.10 7.02%	$16.90	$17.16	-2.21%	463,369 77.81%	595,500
Most Recent Note for WWWW - 6/6/2012 1:13:52 PM Gapped up today for a new 52-week high with no resistance remaining due to overhead supply. Held its ground recently above its 50 DMA line while consolidating after it proposed a Secondary Offering on 5/07/12, shortly after rallying from a deep one-year cup-with-handle base pattern. The 5/03/12 mid-day report noted- "Reported earnings +67% on +132% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Its Dec '11 comparison +17% was previously noted as its weakest earnings increase in more than 5 quarterly comparisons and below the +25% minimum guideline. Its annual earnings (A criteria) growth history included a downturn in FY '09 raising additional concerns with regard to the fundamental guidelines of the fact-based investment system."
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