Mid-Day Breakouts Report - Monday, June 17th, 2013

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 17TH, 2013
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DOW 15234.65 164.47 (1.09%) | NASDAQ 3463.03 39.47 (1.15%) | S&P 500 1643.25 16.52 (1.02%)

Time of Screening : 6/17/2013 12:09:54 PM Report Released : 6/17/2013 1:02:58 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
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	$17.96	+0.49 2.82%	$18.06	794,144 80.46% of 50 DAV 50 DAV is 987,000	$18.21 -1.36%	5/6/2013	$15.31	PP = $16.10 MB = $16.91
Most Recent Note - 6/17/2013 12:18:29 PM G - Wedging higher without especially heavy volume behind today's 3rd consecutive gain. Tallied 8 consecutive weekly gains. Recent lows and its 50 DMA line ($14.87 now) define important chart support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2013. Click here.
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EQM - NYSE E Q T Midstream Partners	$50.86	+1.54 3.12%	$51.58	108,035 94.19% of 50 DAV 50 DAV is 114,700	$51.72 -1.66%	4/25/2013	$40.16	PP = $40.84 MB = $42.88
Most Recent Note - 6/17/2013 12:24:34 PM G - Gapped up for a 2nd consecutive considerable gain with volume running at an above average pace while challenging its 52-week high. Recent low and its 50 DMA line define important near-term support in the $45 area. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2013. Click here.
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PRAA - NASDAQ Portfolio Recovery Assoc	$162.19	+7.13 4.60%	$163.87	71,698 100.14% of 50 DAV 50 DAV is 71,600	$163.87 -1.03%	5/1/2013	$130.77	PP = $127.88 MB = $134.27
Most Recent Note - 6/17/2013 12:53:47 PM G - Hitting a new all-time high with above average volume behind today's 4th consecutive gain, rallying with no resistance due to overhead supply. Its 50 DMA line defines important chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADUS - NASDAQ - Medical-Outpnt/Hm Care Addus Homecare Corp	$20.15	+0.48 2.44%	$20.69	$20.69	-2.61%	116,085 84.12%	138,000
Most Recent Note for ADUS - 6/17/2013 12:13:10 PM Hitting another new 52-week high with today's 6th consecutive gain, getting more extended from any sound base. Prior mid-day reports repeatedly 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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ADVS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Advent Software Inc	$33.91	+1.06 3.23%	$34.54	$35.00	-3.11%	321,870 154.89%	207,800
Most Recent Note for ADVS - 6/17/2013 12:11:19 PM Perched at multi-year highs, churning above average volume for a 3rd consecutive session. Prior mid-day reports repeatedly cautioned - "Earnings increases improved in the Dec '12 and Mar '13 quarters but with sales revenues growth only in the +6-7% range. Prior history is not a match with the fact-based investment system's guidelines (C criteria), although it has a good annual earnings (A criteria) history and it has earned high ranks."
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AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alliance Fiber Optic	$23.31	+0.70 3.10%	$23.57	$24.02	-2.96%	178,377 207.17%	86,100
Most Recent Note for AFOP - 6/17/2013 12:14:52 PM Following a "negative reversal" at its 52-week high on 6/12/13 it has been consolidating and stubbornly holding its ground. 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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AGYS - NASDAQ - Computer-Integrated Syst Agilysys Inc	$13.74	+0.13 0.96%	$13.80	$14.24	-3.51%	70,559 117.21%	60,200
Most Recent Note for AGYS - 6/17/2013 12:16:39 PM Holding its ground following a considerable gap up and volume-driven gain on 6/12/13 for another new 52-week high. It tallied volume-driven gains and held its ground stubbornly since noted in the 6/04/13 mid-day report with caution - "Quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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CBRL - NASDAQ - LEISURE - Restaurants Cracker Barrl Old Cnt St	$94.41	-1.53 -1.59%	$96.74	$100.01	-5.60%	109,391 79.44%	137,700
Most Recent Note for CBRL - 6/17/2013 12:20:36 PM Pulling back from its 52-week and all-time highs with today's 6th consecutive loss. The 6/03/13 mid-day report cautioned - "Quarterly earnings comparisons are sub par with respect to the C criteria and sales revenues increases have been lackluster. It has a slow but steady annual earnings (A criteria) history."
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$13.07	+1.42 12.19%	$13.59	$13.59	-3.83%	282,555 430.07%	65,700
Most Recent Note for CLFD - 6/17/2013 12:22:36 PM Hitting yet another new 52-week high with today's considerable volume-driven gain. Bullish action has continued since it blasted above its 2011 high when noted in the 5/31/13 mid-day report with caution - "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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HOMB - NASDAQ - BANKING - Regional - Southeast Banks Home Bancshares Inc	$21.15	+0.54 2.62%	$21.15	$22.15	-4.51%	125,888 92.50%	136,100
Most Recent Note for HOMB - 6/17/2013 12:26:51 PM Reported earnings +19% on +8% sales for the Mar '13 quarter, marking its 6th consecutive quarter with earnings growth below the +25% minimum guideline (C criteria). Technically, it is consolidating above its 50 DMA line forming a short new base.
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$44.29	+0.21 0.47%	$44.62	$46.12	-3.98%	84,021 79.04%	106,300
Most Recent Note for HURN - 6/17/2013 12:31:39 PM Recent quarterly sales revenues and earnings increases through Mar '13 showed improvement, satisfying the C criteria in the 3 latest comparisons. Prior quarters and its annual earnings (A criteria) history are not a good match with the guidelines of the fact-based system. Consolidating -4% off its 52-week high, above support at its 50 DMA line. It survived but failed to impress since dropped from the Featured Stocks list on 8/15/2007.
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INVN - NYSE - ELECTRONICS - Scientific & Technical Instrum Invensense Inc	$14.43	-0.22 -1.50%	$14.88	$15.96	-9.59%	1,856,000 96.11%	1,931,100
Most Recent Note for INVN - 6/17/2013 12:36:25 PM Reported strong sales and earnings increases in the Dec '12 and Mar '13 quarters, but fundamental concerns remain and it faces resistance due to overhead supply up through the $22 level. Went through a deep consolidation below its 50 and 200 DMA lines since last noted with caution in the 3/23/12 mid-day report - "The brief recent consolidation was not recognized as a sound base pattern, and prior mid-day reports noted - 'Its 11/16/11 IPO was priced at $8 per share, and the firm's limited history is a concern. "
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IRBT - NASDAQ - CONSUMER DURABLES - Electronic Equipment Irobot Corp	$38.00	+3.00 8.57%	$38.16	$38.54	-1.40%	800,963 180.23%	444,400
Most Recent Note for IRBT - 6/17/2013 12:41:02 PM Hitting a new 52-week high today with a gap up and solid gain backed by above average volume, rallying clear of all overhead supply. Fundamental concerns remain as when last noted in the 5/14/13 mid-day report with caution - "Quarterly and annual earnings increases (C and A criteria) have not been strong and steady, falling short of the fact-based investment system's guidelines."
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LBY - AMEX - CONSUMER DURABLES - Housewares & Accessories Libbey Inc	$24.01	+0.36 1.52%	$24.36	$24.36	-1.44%	103,516 121.50%	85,200
Most Recent Note for LBY - 6/17/2013 12:42:33 PM Hitting another new 52-week high with above average volume behind today's 8th consecutive gain. The 6/11/13 mid-day report cautioned - "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."
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LION - NASDAQ - BANKING - Savings & Loans Fidelity Southern Corp	$12.54	+0.24 1.95%	$12.59	$13.81	-9.20%	159,958 302.95%	52,800
Most Recent Note for LION - 6/17/2013 12:44:07 PM Finding support at its 50 DMA line since completing a Public Offering on 6/05/13. Prior mid-day reports cautioned - "Quarterly earnings increases through the Mar '13 period have been above the +25% minimum guideline (C criteria), but its erratic annual earnings (A criteria) history is not a match with the fact-based investment system guidelines."
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MCRI - NASDAQ - LEISURE - Resorts & Casinos Monarch Casino & Resort	$16.17	+0.17 1.06%	$16.20	$16.25	-0.49%	58,292 76.40%	76,300
Most Recent Note for MCRI - 6/17/2013 12:44:44 PM Perched at its 52-week high, still 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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NEOG - NASDAQ - DRUGS - Diagnostic Substances Neogen Corp	$55.15	+0.60 1.10%	$55.66	$57.14	-3.48%	49,528 81.46%	60,800
Most Recent Note for NEOG - 6/17/2013 12:49:16 PM Consolidating near all-time highs and above its 50 DMA line. Reported earnings +23% on +14% sales revenues for the Feb '13 quarter. Fundamentals are a concern due to sub par earnings increases below the +25% minimum guideline (C criteria) in prior quarterly comparisons and its up and down annual earnings (A criteria) history. It survived but failed to impress since dropped from the Featured Stocks list on 1/21/11.
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NGVC - NYSE - RETAIL - Grocery Stores Nat Grocers Vit Cottage	$30.81	+1.81 6.24%	$31.00	$31.00	-0.61%	166,631 127.30%	130,900
Most Recent Note for NGVC - 6/17/2013 12:52:12 PM Gapped up today hitting a new 52-week high, rising from a short "square box" base formed above its prior base and support at its 50 DMA line. On 5/10/13 the mid-day report noted - "Technically breaking out from a short flat base above prior highs. No resistance remains due to overhead supply. Reported earnings +27% on +25% sales revenues for the Mar '13 quarter. Prior mid-day reports cautioned - 'Limited history since its $15 IPO on 7/25/12 is a concern. Sales revenues grew by +28% over the year ago period in the past 4 quarterly comparisons through Dec '12. However, its earnings history has not been strong and steady and is not a good match with the fact-based investment system's guidelines (C and A criteria)."
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SCI - NYSE - DIVERSIFIED SERVICES - Personal Services Service Corp Intl	$17.93	+0.12 0.67%	$17.99	$19.59	-8.47%	1,063,703 91.87%	1,157,800
Most Recent Note for SCI - 6/17/2013 12:54:43 PM Consolidating in a tight range 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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SPSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S P S Commerce Inc	$54.30	+2.00 3.82%	$54.43	$55.89	-2.84%	84,547 132.73%	63,700
Most Recent Note for SPSC - 6/17/2013 12:56:26 PM Challenging its 52-week high with today's volume-driven gain, extended from any sound base. Reported earnings +33% on +44% sales revenues for the Mar '13 quarter, making 6 consecutive quarters with earnings increases above the +25% minimum guideline (C criteria). Prior mid-day reports cautioned - "Completed a new Public Offering on 9/06/12. A downturn in its FY '11 earnings is a flaw concerning the annual earnings (A criteria) history, making it not a match with the fact-based investment system's guidelines."
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STKL - NASDAQ - MANUFACTURING - Diversified Machinery Sunopta Inc	$7.90	+0.08 0.96%	$8.01	$8.25	-4.24%	159,339 77.92%	204,500
Most Recent Note for STKL - 6/17/2013 12:58:55 PM Perched near its 52-week high with today's 3rd consecutive gain. Found support at its 50 DMA line again on a pullback last week. Prior mid-day reports cautioned - "Recent quarterly comparisons through Dec '12 showed improving sales and earnings increases, but fundamental concerns remain following a downturn in FY '11 earnings. Not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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TRS - NASDAQ - MANUFACTURING - Diversified Trimas Corp	$35.19	+1.53 4.55%	$35.19	$35.47	-0.79%	154,358 91.72%	168,300
Most Recent Note for TRS - 6/17/2013 1:00:20 PM Hitting new 52-week and all-time highs with today's considerable gain backed by above average volume. Reported earnings +13% on +14% sales revenues for the Mar '13 quarter. Completed a Secondary Offering on 3/01/13 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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WYNN - NASDAQ - LEISURE - Gaming Activities Wynn Resorts Ltd	$139.92	+4.78 3.54%	$140.25	$144.99	-3.50%	1,198,091 92.84%	1,290,500
Most Recent Note for WYNN - 6/17/2013 1:02:43 PM Recently found support at its 50 DMA line. Earnings history has been erratic and below guidelines of the fact-based investment system (C and A criteria) leaving fundamental concerns. Prior mid-day reports noted - "Based on weak technical action it was dropped from the Featured Stocks list 11/8/07 and subsequently fell from $136 to as low as $14.50 in March '09 before rebounding. Traded up +43% after it was featured in the 8/26/07 Special Report titled 'Stocks That Should Now Be On Your Watch List' with annotated graphs and commentary including our detailed CANSLIM.net Profile, What To Look For And What To Look Out For, and Technical Analysis summaries (read here)."
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