Mid-Day Breakouts Report - Tuesday, June 11th, 2013

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 11TH, 2013
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DOW 15221.08 -17.51 (-0.11%) | NASDAQ 3460 -13.77 (-0.40%) | S&P 500 1636.85 -5.96 (-0.36%)

Time of Screening : 6/11/2013 11:58:45 AM Report Released : 6/11/2013 1:05:44 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
AMBA - NASDAQ Ambarella Inc	$18.00	+0.60 3.45%	$18.21	1,181,848 124.87% of 50 DAV 50 DAV is 946,500	$18.21 -1.15%	5/6/2013	$15.31	PP = $16.10 MB = $16.91
Most Recent Note - 6/11/2013 12:07:34 PM G - Trading above average volume behind today's 3rd consecutive gain and hitting a new 52-week high. Reported strong earnings and revenues increases for the April '13 quarter. Recent lows and its 50 DMA line ($14.69 now) define important chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 5/29/2013. Click here.
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RRTS - NYSE Roadrunner Trans Systems	$27.34	-1.24 -4.35%	$27.83	159,205 72.80% of 50 DAV 50 DAV is 218,700	$28.62 -4.49%	4/3/2013	$22.77	PP = $23.75 MB = $24.94
Most Recent Note - 6/11/2013 12:51:41 PM G - Up from earlier lows after a gap down today following an analyst downgrade, retreating from a new all-time high hit on the prior session. Fundamental concerns were raised by its sub par earnings increase in the Mar '13 quarter, below the +25% minimum guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 6/4/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$54.87	+1.16 2.16%	$55.07	$56.91	-3.58%	1,533,506 57.69%	2,658,000
Most Recent Note for ABC - 6/11/2013 12:00:40 PM Rebounding above its 50 DMA line with a considerable gain today. Last noted in the 4/26/13 mid-day report - "Abruptly retreated from its 52-week high hit earlier this week. Reported earnings +4% on +4% sales revenues for the Mar '13 quarter. Fundamental concerns remain, and it was repeatedly noted in prior mid-day reports with caution - 'Earnings and sales revenues growth has been below guidelines.'"
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ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$12.86	-0.18 -1.38%	$12.91	$13.47	-4.53%	87,504 68.31%	128,100
Most Recent Note for ACET - 6/11/2013 12:02:54 PM Consolidating near its 52-week high hit with additional volume-driven gains since last noted in the 5/28/13 mid-day report with caution - "Found support above its 200 DMA line during its recent consolidation. Reported earnings +89% on +24% sales revenues for the Mar '13 quarter, but prior quarters have not shown strong and steady sales and earnings increases. This low-priced stock has an up and down annual earnings (A criteria) history."
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ADUS - NASDAQ - Medical-Outpnt/Hm Care Addus Homecare Corp	$18.82	+0.70 3.86%	$18.85	$18.90	-0.42%	99,704 63.47%	157,100
Most Recent Note for ADUS - 6/11/2013 12:03:42 PM Perched at its 52-week high today. Prior mid-day reports cautioned - "Reported earnings +54%* on +7% sales revenues for the Mar '13 quarter. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."*
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AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alliance Fiber Optic	$23.08	+0.24 1.05%	$23.13	$23.13	-0.22%	47,665 63.22%	75,400
Most Recent Note for AFOP - 6/11/2013 12:05:07 PM Touching yet another new 52-week high today. Prior mid-day reports repeatedly noted - "Extended from any sound base. Powered higher after recently raising guidance for its 2nd quarter. 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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BLOX - NYSE - COMPUTER HARDWARE - Networking & Communication Dev Infoblox Inc	$27.51	+0.80 3.00%	$27.52	$27.52	-0.04%	508,533 83.65%	607,900
Most Recent Note for BLOX - 6/11/2013 12:13:13 PM Technically it broke out on 5/24/13, then held its ground and rallied further into new high territory with volume-driven gains. Strong sales revenues and solid earnings increases in the Oct '12, Jan and Apr '13 quarterly comparisons versus the year ago periods satisfy the C criteria. Up and down annual earnings (A criteria) is a concern. Limited and erratic history is a concern since it completed a Secondary Offering on 10/04/12.
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C - NYSE - BANKING - Money Center Banks Citigroup Inc	$50.48	-1.45 -2.79%	$50.85	$53.56	-5.75%	25,663,511 88.84%	28,885,800
Most Recent Note for C - 6/11/2013 12:14:29 PM Consolidating -6.2% off its 52-week high. The 5/23/13 mid-day report cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Sales revenues have waned in recent years."
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CCUR - NASDAQ - COMPUTER HARDWARE - Computer Based Systems Concurrent Computer Corp	$7.97	+0.02 0.19%	$8.12	$8.45	-5.74%	66,518 67.67%	98,300
Most Recent Note for CCUR - 6/11/2013 12:16:45 PM Making its 3rd consecutive mid-day report appearance today, volume-driven gap up gains cleared prior highs and it is perched within close striking distance of its 52-week high. Noted in prior mid-day reports with caution - "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."
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CFI - NYSE - MANUFACTURING - Textile Manufacturing Culp Inc	$18.09	-0.41 -2.22%	$18.42	$18.50	-2.22%	24,305 75.95%	32,000
Most Recent Note for CFI - 6/11/2013 12:18:12 PM Consolidating today after a volume-driven gain for a new 52-week high on the prior session while rallying from an orderly base. Noted in prior mid-day reports with caution - "Fundamentals remain a concern. Erratic sales and earnings history, below guidelines of the investment system."
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CI - NYSE - Medical-Managed Care Cigna Corp	$70.04	+1.04 1.51%	$70.04	$70.31	-0.38%	1,297,987 70.68%	1,836,500
Most Recent Note for CI - 6/11/2013 12:21:28 PM Hitting yet another new 52-week high today. Found support near its 50 DMA line on a brief pullback since last noted in the 5/22/13 mid-day report with caution - "It is extended from any sound base. Reported earnings +39% on +21% sales revenues for the Mar '13 quarter, marking a 3rd consecutive quarter this Medical- Managed Care firm has posted earnings above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been slow and steady since a downturn in FY '08. Consensus estimates for earnings growth +8% and +7% in FY '13 and 14, respectively, may be cause for some concern."
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CSPI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services C S P Inc	$9.05	-0.14 -1.52%	$9.20	$9.43	-4.03%	29,945 84.83%	35,300
Most Recent Note for CSPI - 6/11/2013 12:22:57 PM Holding its ground today following a spike to a new 52-week high on the prior session after gapping up for a considerable volume-driven gain. Found support at its 200 DMA line during its consolidation since noted in the 2/12/13 mid-day report with caution amid news headlines concerning a North & Webster $7.00 per share all-cash offer - "Earnings history is not a match with the fact-based investment system's guidelines (C & A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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IMOS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Chipmos Technologies Ltd	$18.92	+0.38 2.05%	$19.60	$19.60	-3.47%	602,455 138.34%	435,500
Most Recent Note for IMOS - 6/11/2013 12:26:45 PM Off earlier highs, it traded above its 2012 high with today's early volume-driven gain. Held its ground in a very tight trading range since last noted in the 5/20/13 mid-day report with caution - "Fundamental concerns remain, however, as this Taiwanese Electronics firm's earnings history has been erratic since long ago noted in the 4/18/11 mid-day report with caution - 'The investment system discourages low-priced stocks unless all criteria are solidly satisfied. Recent quarterly comparisons show better sales and earnings, but large losses in FY '08 and '09 are a flaw concerning the A criteria.'"
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LBY - AMEX - CONSUMER DURABLES - Housewares & Accessories Libbey Inc	$22.85	+0.17 0.75%	$23.30	$23.14	-1.25%	113,244 155.34%	72,900
Most Recent Note for LBY - 6/11/2013 12:33:30 PM Annual earnings (A criteria) history has been up and down. Earnings increases have been strong in recent quarterly comparisons. However, flat sales revenues indicates no growth in demand for any new products, which is bad concerning N criteria. Hitting a new 52-week high with above average volume behind today's 4th consecutive gain.
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MCRI - NASDAQ - LEISURE - Resorts & Casinos Monarch Casino & Resort	$16.01	+0.27 1.68%	$16.20	$16.25	-1.48%	129,755 182.24%	71,200
Most Recent Note for MCRI - 6/11/2013 12:35:49 PM Perched at its 52-week high, stubbornly holding its ground following a spurt of volume-driven gains as it rallied above multi-year resistance in the $13 area. Prior mid-day reports cautioned - "Earnings increases above the +25% minimum in the 3 latest quarterly comparisons through Mar '13 satisfy the C criteria. Its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
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OAS - NYSE - Oil&Gas-U S Expl&Prod Oasis Petroleum Inc	$40.45	+0.05 0.12%	$40.94	$41.40	-2.29%	876,145 61.36%	1,427,800
Most Recent Note for OAS - 6/11/2013 12:46:16 PM A volume-driven gain on 6/07/13 helped it reach a new 52-week high and no resistance remains due to overhead supply. Quarterly comparisons through Mar '13 show greatly improved sales revenues and earnings increases versus the year-ago periods. Its annual earnings (A criteria) history showed losses through FY '10, while growth in recent years makes it a better match with the investment system's guidelines. The Oil & Gas US Exploration/Production group has a mediocre 52 Relative Strength Rating which is a concern with respect to the L criteria, however other companies in the group are showing reassuring strength.
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OCN - NYSE - BANKING - Savings & Loans Ocwen Financial Corp	$45.34	+1.48 3.37%	$45.80	$45.80	-1.00%	1,442,227 62.40%	2,311,400
Most Recent Note for OCN - 6/11/2013 12:47:34 PM Hitting a new 52-week high today. Found prompt support near prior highs and above its 50 DMA line during its recent consolidation. Prior mid-day reports repeatedly noted - "Reported very strong earnings and sales revenues increases for the Mar '13 quarter and Jun, Sep, Dec '12 quarters satisfying the C criteria (above the +25% minimum earnings guideline). Found support above its 200 DMA line during its consolidation since noted in the 2/28/13 mid-day report with caution. Its up and down annual earnings (A criteria) history leaves fundamental concerns."
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POWR - NYSE - DIVERSIFIED SERVICES - Business/Management Services Powersecure Intl Inc	$15.34	-0.36 -2.29%	$15.65	$16.15	-5.02%	141,747 72.39%	195,800
Most Recent Note for POWR - 6/11/2013 12:48:55 PM Holding its ground today after gapping up for another new 52-week high on the prior session. The 6/06/13 mid-day report cautioned - "Recent quarters show sales revenues and earnings improving, but this Electrical - Power/Equipment firm's quarterly and annual earnings (C and A criteria) history fall below the fact-based investment system's guidelines."
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RFIL - NASDAQ - ELECTRONICS - Diversified Electronics R F Industries Ltd	$7.23	-0.07 -0.96%	$7.26	$7.35	-1.63%	37,686 60.01%	62,800
Most Recent Note for RFIL - 6/11/2013 12:50:00 PM Holding its ground today after gapping up for a new 52-week high on the prior session and rising from an orderly base pattern. Reported strong sales revenues and earnings increases for the Jan '13 quarter. Prior mid-day reports cautioned - "It faces no resistance due to overhead supply. Recent quarterly comparisons through Oct '12 showed stronger sales revenues increases and greatly improved earnings. Annual earnings history (A criteria) has been up and down, not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$34.49	-0.11 -0.32%	$34.91	$34.91	-1.20%	39,290 68.21%	57,600
Most Recent Note for SILC - 6/11/2013 12:54:05 PM Hovering at its 52-week high, extended from any sound base. Promptly rebounded after a brief 50 DMA line violation in April. This Israeli manufacturer of Computer - Networking devices faces no resistance due to overhead supply. Prior mid-day reports cautioned - "Reported strong sales and earnings increases for the Mar '13 and Dec '12 quarters, accelerating after a streak of sub par quarterly earnings comparisons (bad C criteria). Concerning the A criteria, there was a downturn in FY '09, also making it not a good match with the fact-based investment system's fundamental guidelines."
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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$121.01	-0.14 -0.12%	$121.27	$130.99	-7.62%	470,960 60.89%	773,400
Most Recent Note for TM - 6/11/2013 12:55:20 PM Found support near its 50 DMA line last week, and now -8% from its 52-week high after enduring heavy distributional pressure in recent weeks. Reported earnings +127% on -10% sales revenues for the Mar '13 quarter. Cleared an orderly 8-week flat base when noted in the 4/08/13 mid-day report with caution - "Erratic earnings history is not a match with the fact-based investment system's guidelines."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Take-Two Interactv Sftwr	$17.24	+0.70 4.24%	$17.35	$17.54	-1.70%	2,023,133 115.54%	1,751,000
Most Recent Note for TTWO - 6/11/2013 12:58:13 PM Still perched near its 52-week high and challenging its 2011 high. Showed greatly improved sales revenues and earnings versus year-ago losses in recent quarterly comparisons through Mar '13. However, fundamental concerns remain with respect to the C and A criteria, as was the case when noted in the 5/25/11 mid-day report with caution - "Recent quarters show sales and earnings improving but prior history has been erratic and below the fact-based system's guidelines."
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TYPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Monotype Imaging Hldgs	$23.89	-0.50 -2.07%	$24.24	$24.49	-2.47%	90,893 62.99%	144,300
Most Recent Note for TYPE - 6/11/2013 1:00:12 PM Holding its ground today after hitting a new 52-week high on the prior session with average volume behind its gain while rising from an orderly base. Reported earnings +36% on +22% sales revenues for the Mar '13 quarter. Found support near its 50 DMA line during its consolidation since noted in the 3/28/13 mid-day report with caution - "Clear of resistance due to overhead supply. It is extended from any base. Reported earnings above the +25% minimum earnings guideline (C criteria) in the 2 latest quarterly reports through Dec '12. Annual earnings history included a downturn in FY '09, a flaw with respect to the A criteria."
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$238.77	+0.46 0.19%	$238.77	$248.89	-4.07%	28,592 61.36%	46,600
Most Recent Note for VRTS - 6/11/2013 1:02:45 PM Perched only -5.4% off its 52-week high after encountering some distributional pressure in recent weeks. Very extended from any sound base, yet it showed mostly bullish action since last noted in the 3/20/13 mid-day report with caution - "Recent quarterly comparisons show greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines."
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WWW - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear Wolverine World Wide Inc	$52.46	-0.91 -1.71%	$52.89	$54.25	-3.30%	280,777 67.49%	416,000
Most Recent Note for WWW - 6/11/2013 1:05:18 PM Consolidating near its 52-week high and all-time highs. Quarterly and annual earnings history (C and A criteria) is below the guidelines of the fact-based investment system.
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