Mid-Day Breakouts Report - Thursday, June 7th, 2012

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 7TH, 2012
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DOW 12493.8 79.01 (0.64%) | NASDAQ 2851.41 6.69 (0.24%) | S&P 500 1320.47 5.34 (0.41%)

Time of Screening : 6/7/2012 11:48:56 AM Report Released : 6/7/2012 12:44:00 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	$48.64	-0.06 -0.12%	$49.49	2,154,853 62.67% of 50 DAV 50 DAV is 3,438,400	$49.50 -1.74%	5/7/2012	$48.51	PP = $47.69 MB = $50.07
Most Recent Note - 6/7/2012 12:06:45 PM G - Found support near its 50 DMA line and today it is perched at its 52-week and all-time highs. Completed another Secondary Offering on 6/05/12, 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	$89.91	+3.07 3.54%	$89.95	$94.95	-5.31%	54,527 75.84%	71,900
Most Recent Note for AIRM - 6/7/2012 11:50:40 AM Rebounding above its 50 DMA line with today's gain following a streak of 6 consecutive losses. Earnings and sales revenues improved in the Mar '12 quarter following sub par results in the Sep and Dec '11 comparisons since noted in the 7/20/11 mid-day report - "Sales and earnings growth history has been erratic and below guidelines."
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BBNK - NASDAQ - BANKING - Regional - Pacific Banks Bridge Capital Holdings	$15.23	-0.19 -1.23%	$15.39	$15.92	-4.33%	18,383 64.73%	28,400
Most Recent Note for BBNK - 6/7/2012 11:53:42 AM Perched near its 52-week high today while building on an orderly 6-week base above its 50 DMA line. The 5/14/12 mid-day report noted bullish action in recent months but warned - "Recent quarterly comparisons show improved earnings and sales growth but its annual earnings history (A criteria) has been erratic and below the fact-based system's guidelines."
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$24.90	+0.23 0.93%	$25.07	$25.07	-0.68%	230,320 61.16%	376,600
Most Recent Note for BGS - 6/7/2012 11:55:26 AM Hitting another new 52-week high today with volume running at an above average pace behind its 4th consecutive gain. 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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CMN - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cantel Medical Corp	$24.00	+1.63 7.29%	$24.10	$25.55	-6.07%	39,307 58.15%	67,600
Most Recent Note for CMN - 6/7/2012 11:59:46 AM Gapped up today for a considerable gain, rebounding from below its 50 DMA line and rising above the mid-point of a "double bottom" base pattern. Reported earnings +58% on +18% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Last noted in the 3/26/12 mid-day report - "Do not be confused by a 3:2 share split impacting prices effective 2/02/12. Reported earnings +32% on +20% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Its annual earnings (the A criteria) history has been strong in recent years, however the prior 7 quarterly comparisons through Oct '11 showed earnings increases below the +25% guideline. This Medical - Systems/Equipment firm survived but failed to impress since dropped from the Featured Stocks list on 4/15/05."
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CYBX - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Cyberonics Inc	$41.37	+1.80 4.55%	$41.43	$41.43	-0.14%	121,887 61.81%	197,200
Most Recent Note for CYBX - 6/7/2012 12:02:21 PM Hit a new 52-week high today with a 2nd consecutive volume-driven gain, rebounding from a dip just below its 50 DMA line this week. The 6/06/12 mid-day report noted - "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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DF - NYSE - FOOD & BEVERAGE - Dairy Products Dean Foods Company	$16.13	+0.23 1.45%	$16.27	$16.27	-0.86%	2,237,909 66.88%	3,346,000
Most Recent Note for DF - 6/7/2012 12:04:53 PM Inching to new 52-week highs since last noted after holding its ground stubbornly above prior highs following a recent spurt of volume-driven gains. Its rally included a gap up on 5/09/12 after reporting earnings +121% on +5% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day report noted - "Strong earnings increases in the 3 latest quarterly comparisons satisfy the C criteria, but its sales revenues growth has been sub par. Annual earnings turned down in FY '10 and '11, creating a flaw concerning the A criteria."
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DSW - NYSE - RETAIL - Apparel Stores D S W Inc	$57.97	-0.68 -1.16%	$59.97	$61.99	-6.48%	339,140 71.68%	473,100
Most Recent Note for DSW - 6/7/2012 12:11:59 PM Consolidating near prior highs after finding support at its 50 DMA line. Prior mid-day reports had last noted its considerable gap up gain for a new 52-week high that left it facing no resistance due to overhead supply. Reported earnings +13% on +11% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Prior mid-day reports noted - "Reported earnings +24% on +10% sales revenues for the quarter ended January 31, 2012 versus the year ago period. Recent quarterly comparisons and earnings had improved greatly, but the Oct '11 period showed earnings +11% on +8% sales revenues, below the guidelines of the fact-based system, and a downturn in FY '08 & '09 annual earnings (A criteria) history is another fundamental flaw."
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ECHO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Echo Global Logistics	$17.76	+0.14 0.79%	$17.96	$19.38	-8.36%	53,029 71.08%	74,600
Most Recent Note for ECHO - 6/7/2012 12:16:39 PM Faces previously stubborn resistance in the $18-19 area. Its fundamentals remain strong with respect to the C and A criteria. Found support above its 200 DMA line and it rebounded above its 50 DMA line in recent weeks since last noted on 3/28/12 when it was dropped from the Featured Stocks list.
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FDS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Factset Research Sys Inc	$104.92	-1.68 -1.58%	$108.00	$109.20	-3.92%	277,727 75.76%	366,600
Most Recent Note for FDS - 6/7/2012 12:19:25 PM Up from the session's early lows after undercutting its 50 DMA line and recent chart lows. Fundamentals remain a concern as quarterly earnings increases have remained below the +25% minimum guideline since last noted in the 4/01/11 mid-day report - "Sales revenues and earnings history below guidelines."
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FLXS - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Flexsteel Industries Inc	$19.95	+0.00 0.00%	$20.18	$22.00	-9.32%	17,658 73.88%	23,900
Most Recent Note for FLXS - 6/7/2012 12:20:57 PM Consolidating near its 50 DMA line which has been acting as support. The 5/23/12 mid-day report noted - "Quarterly and annual earnings history is not a match with the fact-based investment system guidelines."
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HD - NYSE - RETAIL - Home Improvement Stores Home Depot Inc	$51.31	+0.71 1.40%	$51.62	$52.88	-2.97%	9,219,289 84.05%	10,968,900
Most Recent Note for HD - 6/7/2012 12:23:28 PM Rebounding from below its 50 DMA line this week with volume-driven gains. Reported earnings +30% on +6% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Last noted in the 5/15/12 mid-day report - "Quarterly and annual earnings (C and A criteria) have not met the fact-based investment system's guidelines."
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KONA - NASDAQ - LEISURE - Restaurants Kona Grill Inc	$8.39	+0.21 2.57%	$8.50	$8.50	-1.29%	75,257 86.60%	86,900
Most Recent Note for KONA - 6/7/2012 12:25:09 PM Inching into new 52-week high territory this week with gains lacking great volume conviction. 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	$7.55	+0.13 1.75%	$7.66	$7.67	-1.56%	68,805 84.84%	81,100
Most Recent Note for KONG - 6/7/2012 12:26:55 PM Perched at its 52-week high today adding to a spurt of volume-driven gains. On track for a 5th consecutive weekly gain, however 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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LPSN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Liveperson Inc	$18.26	+0.46 2.58%	$18.53	$18.53	-1.46%	266,593 81.80%	325,900
Most Recent Note for LPSN - 6/7/2012 12:28:26 PM Gapped up and hit a new 52-week high today. When trying to rally from a "double bottom" base pattern the 5/29/12 mid-day report noted - "Reported earnings +0% on +21% sales revenues for the Mar '12 quarter. Quarterly earnings increases were well short of the +25% minimum guideline in the Sep and Dec '11 quarters. It survived but failed to impress since noted in the 12/16/10 mid-day report - 'On 12/06/10 it broke out from a flat base above its 50 DMA line and a previous cup shaped base. Quarterly earnings per share have been below the +25% guideline and its annual earnings (A criteria) history has been erratic, including a decrease in FY '08 earnings versus the year earlier.'"
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$47.22	+1.07 2.32%	$47.69	$51.00	-7.41%	140,688 107.48%	130,900
Most Recent Note for MANH - 6/7/2012 12:30:10 PM Rebounding toward its 50 DMA line which may act as resistance while consolidating -8.3% off its 52-week high today. Reported earnings +48% on +28% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "The Jun, Sep, and Dec '11 quarters showed great fundamental improvement with strong earnings satisfying the C criteria. A dip in its FY '09 earnings has been noted as a flaw concerning the A criteria making it not a solid match with the fact-based system's guidelines."
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PFBC - NASDAQ - BANKING - Regional - Pacific Banks Preferred Bank Los Angls	$12.50	-0.16 -1.26%	$12.69	$13.35	-6.37%	13,900 59.15%	23,500
Most Recent Note for PFBC - 6/7/2012 12:32:18 PM Found support near its 50 DMA line during its consolidation since last noted in the 5/10/12 mid-day report - "Earnings history has been erratic and below the guidelines of the fact-based system."
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RGLD - NASDAQ - METALS & MINING - Gold Royal Gold Inc	$76.85	-1.83 -2.33%	$78.75	$83.87	-8.37%	712,149 75.51%	943,100
Most Recent Note for RGLD - 6/7/2012 12:33:28 PM Pulling back today after tallying 4 consecutive gains with above average volume. 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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SCLN - NASDAQ - DRUGS - Drug Manufacturers - Other Sciclone Pharmaceuticals	$6.85	+0.20 3.01%	$6.91	$6.97	-1.72%	383,209 84.65%	452,700
Most Recent Note for SCLN - 6/7/2012 12:41:56 PM This low-priced stock is perched within close striking distance of its 52-week high with no resistance remaining due to overhead supply. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied. The Dec '11 and Mar '12 quarterly comparisons showed strong sales revenues and earnings increases above the +25% minimum guideline, but prior quarters showed sub par earnings growth. Its annual earnings history has been good following losses in FY '08 and prior years.
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UNFI - NASDAQ - WHOLESALE - Food Wholesale United Natural Foods Inc	$51.40	-0.60 -1.15%	$53.10	$53.99	-4.80%	163,068 58.59%	278,300
Most Recent Note for UNFI - 6/7/2012 12:43:48 PM Pulling back today following 3 consecutive volume-driven gains for a new 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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