Mid-Day Breakouts Report - Friday, June 8th, 2012

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 8TH, 2012
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DOW 12475.11 14.15 (0.11%) | NASDAQ 2844.98 13.96 (0.49%) | S&P 500 1316.11 1.12 (0.09%)

Time of Screening : 6/8/2012 11:55:29 AM Report Released : 6/8/2012 12:37:28 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALGT - NASDAQ - TRANSPORTATION - Regional Airlines Allegiant Travel Company	$65.39	+2.06 3.25%	$65.69	$65.69	-0.46%	100,270 58.71%	170,800
Most Recent Note for ALGT - 6/8/2012 11:59:32 AM Hit another new 52-week high today. The 5/25/12 mid-day report noted - "Quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's guidelines."
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AMSG - NASDAQ - HEALTH SERVICES - Hospitals Amsurg Corp	$28.62	+0.66 2.36%	$28.83	$29.78	-3.90%	319,313 242.82%	131,500
Most Recent Note for AMSG - 6/8/2012 11:58:44 AM Earnings and sales revenues increases were strong in the Mar '12 quarter, but for at least 7 prior comparisons its results were sub par. Rallying near its 52 week high today.
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AWK - NYSE - Utility-Water Supply American Water Works Co	$34.35	+0.03 0.09%	$34.37	$35.00	-1.86%	839,119 106.30%	789,400
Most Recent Note for AWK - 6/8/2012 12:04:28 PM This Utility - Water Supply firm has a steady annual earnings (A criteria) history. Lack of sales revenues growth indicates no increase in demand for its products/services even while earnings in the Dec '11 and Mar '12 periods were above the +25% guideline. Touched a new 52-week high this week then encountered some distributional pressure.
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BBNK - NASDAQ - BANKING - Regional - Pacific Banks Bridge Capital Holdings	$15.18	-0.04 -0.26%	$15.25	$15.92	-4.65%	18,881 64.44%	29,300
Most Recent Note for BBNK - 6/8/2012 12:05:22 PM Still 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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CAMP - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Calamp Corp	$6.93	+1.09 18.66%	$7.00	$7.00	-1.00%	573,649 376.66%	152,300
Most Recent Note for CAMP - 6/8/2012 12:08:41 PM This low-priced stock gapped up and hit a new 52-week high today, rising from a 4-week "square box" base during which it pulled back and found support at its 50 DMA line. Reported earnings +200% on +30% sales revenues for the quarter ended February 29, 2012 versus the year ago period. A volume-driven breakout 4/02/12 was previously noted in the 4/10/12 mid-day report when it was also noted - "Earnings history is not a match with the investment system's guidelines."
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CMN - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Cantel Medical Corp	$25.30	+0.50 2.02%	$25.46	$25.55	-0.98%	53,657 76.87%	69,800
Most Recent Note for CMN - 6/8/2012 12:10:19 PM Challenging its 52-week high with today's gain. On the prior session it gapped up 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. Prior mid-day reports noted - "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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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$78.92	-1.34 -1.67%	$82.18	$86.50	-8.76%	255,943 63.48%	403,200
Most Recent Note for CPA - 6/8/2012 12:12:36 PM Slumping below its 50 DMA line which has acted as resistance this week. Last noted in the 5/10/12 mid-day report when it hit a new 52-week high - "Reported earnings +10% on +29% sales revenues for the quarter ended March 31, 2012 versus the year ago period. That marks 2 quarterly comparisons with earnings below the +25% guideline since dropped from the Featured Stocks list on 9/30/11."
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CYBX - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Cyberonics Inc	$41.52	+0.13 0.31%	$42.17	$42.17	-1.54%	121,835 58.43%	208,500
Most Recent Note for CYBX - 6/8/2012 12:15:51 PM Hit another new 52-week high today then reversed into the red following 2 consecutive volume-driven gains, 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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INWK - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Innerworkings Inc	$12.87	+1.10 9.35%	$13.23	$13.23	-2.72%	254,155 102.56%	247,800
Most Recent Note for INWK - 6/8/2012 12:19:56 PM Hit a new 52-week high with a considerable gain today, clearing an orderly base pattern. It traded back and forth near its 50 DMA line since last noted in the 3/29/12 mid-day report - "Recent quarterly comparisons show strong sales revenues and earnings increases but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines. The Commercial Services - Document Management firm is from a low-ranked group on the 197 Industry Groups list, whereas the strongest leaders typically are found in the top quartile of groups."
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NSM - NYSE - FINANCIAL SERVICES - Credit Services Nationstar Mtg Hldgs Inc	$18.89	+0.31 1.67%	$19.01	$20.36	-7.22%	539,966 126.10%	428,200
Most Recent Note for NSM - 6/8/2012 12:21:15 PM Paused this week after 4 consecutive weekly gains. 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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PFBC - NASDAQ - BANKING - Regional - Pacific Banks Preferred Bank Los Angls	$12.60	-0.04 -0.32%	$12.69	$13.35	-5.62%	24,273 100.72%	24,100
Most Recent Note for PFBC - 6/8/2012 12:22:17 PM Making a 2nd consecutive mid-day report appearance. Found support near its 50 DMA line during its consolidation since 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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SCL - NYSE - CHEMICALS - Specialty Chemicals Stepan Co	$92.54	+0.70 0.76%	$94.11	$94.11	-1.67%	31,380 96.26%	32,600
Most Recent Note for SCL - 6/8/2012 12:25:11 PM Touched a new 52-week high today, still trading near previously stubborn resistance in the $92 area. Found support near its 50 DMA line since noted in the 2/29/12 mid-day report - "This thinly traded Chemicals- Specialty firm's quarterly and annual earnings history (C & A criteria) is not a match with the fact-based investment system's guidelines."
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SSNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S S & C Technologies	$23.46	-0.01 -0.04%	$23.54	$24.58	-4.56%	100,016 64.57%	154,900
Most Recent Note for SSNC - 6/8/2012 12:28:13 PM Consolidating near its 50 DMA line today. No overhead supply remains to hinder its progress. Fundamentals are not a match with the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong but the past 7 quarterly comparisons through Mar '12 showed earnings increases below the +25% minimum guideline for buy candidates.
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TCAP - NYSE - FINANCIAL SERVICES - Credit Services Triangle Capital Corp	$21.29	+0.35 1.67%	$21.35	$21.35	-0.28%	102,374 59.14%	173,100
Most Recent Note for TCAP - 6/8/2012 12:29:35 PM Hitting another new 52-week high with today's 4th consecutive gain. The 6/06/12 mid-day report noted - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines."
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TFM - NASDAQ - RETAIL - Grocery Stores The Fresh Market Inc	$55.01	-0.34 -0.61%	$55.70	$59.10	-6.92%	251,483 66.13%	380,300
Most Recent Note for TFM - 6/8/2012 12:33:12 PM Pulling back from its 52-week high, consolidating after volume-driven gains last week including a considerable gap up on 5/30/12 from below its 50 DMA line. A downturn in FY '11 earnings is a flaw concerning the A criteria. The M criteria argues against new buying efforts in all stocks until a new confirmed rally with a solid follow through day from at least one of the major averages. Reported earnings +33% on +23% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Now 3 of the company's past 4 quarterly comparisons showed earnings above the +25% minimum satisfying the C criteria. A downturn in its FY '11 earnings is a flaw with respect to the A criteria, making it not a good match with the fact-based system's guidelines.
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TXRH - NASDAQ - LEISURE - Restaurants Texas Roadhouse Inc	$17.77	+0.16 0.91%	$17.79	$19.35	-8.17%	552,964 65.45%	844,900
Most Recent Note for TXRH - 6/8/2012 12:35:31 PM Consolidating above its 50 DMA line and above prior highs, encountering some distributional pressure following a consider gap up gain on 5/01/12 for a new 52-week high. Fundamentals are not a match with the fact-based system's guidelines. It survived but failed to impress since noted in the 11/02/10 mid-day report - "Sales revenues growth and earning growth has mostly been slow and steady since last noted in the 7/05/05 mid-day report."
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WMT - NYSE - RETAIL - Discount, Variety Stores Wal-Mart Stores	$67.82	+1.95 2.96%	$67.85	$67.92	-0.15%	7,125,871 61.30%	11,623,700
Most Recent Note for WMT - 6/8/2012 12:37:04 PM Considerable gain today for a new 52-week high while also on track for a 5th consecutive weekly gain. It survived but failed to impress since noted in the 11/08/11 mid-day report - "The world's largest retailer's sales revenues and earnings increases in quarterly comparisons do not meet the fact-based system's guidelines, meanwhile its annual earnings growth has been slow but steady."
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