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 MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 22ND, 2012
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DOW 12625.99 52.42 (0.42%) | NASDAQ 2875.78 16.69 (0.58%) | S&P 500 1329.88 4.37 (0.33%)
Time of Screening : 6/22/2012 11:46:07 AM         Report Released : 6/22/2012 12:41:20 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
Max Buy
CERN - NASDAQ
Cerner Corp
$80.01 +0.31
0.39%
$80.51 849,524
59.18% of 50 DAV
50 DAV is 1,435,600
$88.32
-9.41%
6/7/2012 $78.36 PP = $84.20
MB = $88.41
Most Recent Note - 6/22/2012 12:02:58 PM
Y - Halted its slide above its 50 DMA line today. It slumped below its pivot point raising concerns with above average volume behind 2 consecutive losses which negated its recent breakout. Disciplined investors always limit losses if ever a stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
ECHO - NASDAQ
Echo Global Logistics
$18.98 +0.53
2.87%
$19.16 153,052
188.49% of 50 DAV
50 DAV is 81,200
$0.00

6/22/2012 $18.98 PP = $19.48
MB = $20.45
Most Recent Note - 6/22/2012 12:14:07 PM
Y - Faces little resistance due to overhead supply while rallying within close striking distance of its 52-week high today with another volume-driven gain. Color code is changed to yellow with new pivot point cited based on its 2/16/12 high plus 10 cents. A volume-driven gain above its pivot point may trigger a technical buy signal. 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 3/28/12 when it was dropped from the Featured Stocks list.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/23/2012. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Align Technology Inc
$31.97 -0.84
-2.56%
$33.09 $0.00 0.00% 937,475
86.79%
1,080,200
Most Recent Note for ALGN - 6/22/2012 11:47:30 AM
Pulling back from its 52-week high with above average volume behind a 3rd consecutive loss today after a streak of 6 consecutive gains. The 6/18/12 mid-day report noted - "Rallying from a 'double bottom' base today after finding support near its 50 DMA line during its consolidation since noted when it gapped up on 4/24/12 for a considerable gain and new 52-week and all-time highs. Reported earnings +29% on +29% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The prior quarterly comparison (Dec '11) also showed strong sales and earnings increases following 4 previous quarters with earnings increases below the +25% minimum guideline. Its annual earnings (A criteria) history has been good following a downturn in FY '08."
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ARSD - NYSE - Oil&Gas-Refining/Mktg
Arabian American Devlpmt
$10.25 -0.15
-1.44%
$10.43 $0.00 0.00% 73,944
61.67%
119,900
Most Recent Note for ARSD - 6/22/2012 11:49:32 AM
Holding its ground in a tight range in recent weeks near its 50 DMA line and perched within striking distance of its 52-week high. Last noted in the 6/11/12 mid-day report - "The 3 latest quarterly comparisons (Sep and Dec '11, and Mar '12) showed big sales revenues and earnings increases over the year-ago periods, now satisfying the C criteria. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Rebounded from below its 50 DMA line after enduring distributional pressure since noted in the 4/17/12 mid-day report - 'The prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.'"
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ASH - NYSE - ENERGY - Oil & Gas Refining & Marketing
Ashland Inc
$67.75 +0.45
0.67%
$69.00 $69.99 -3.20% 488,803
64.58%
756,900
Most Recent Note for ASH - 6/22/2012 11:57:53 AM
Consolidating above prior highs after volume-driven gains this week for a new 52-week high. No resistance remains due to overhead supply. The Dec '11 and Mar '12 quarters showed earnings increases above the +25% minimum guideline after a streak of sub par quarterly earnings increases. Annual earnings (A criteria) have improved since a downturn in FY '08.
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CAMP - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Calamp Corp
$7.88 +0.16
2.07%
$7.89 $0.00 -3.20% 162,158
70.72%
229,300
Most Recent Note for CAMP - 6/22/2012 11:59:39 AM
This low-priced stock is consolidating near its 52-week high following a streak of 9 consecutive volume-driven gains. It rose from a previously noted 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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DISCA - NASDAQ - MEDIA - Broadcasting - TV
Discovery Com Cl A
$52.81 +0.33
0.63%
$53.00 $0.00 -3.20% 938,120
59.46%
1,577,800
Most Recent Note for DISCA - 6/22/2012 12:09:36 PM
Rebounding from a slump below its 50 DMA line following damaging losses with heavy volume. Reported earnings +16% on +16% sales revenues for the Mar '12 quarter. Earnings had been above the +25% guideline in prior quarterly comparisons and its annual earnings history has been strong. In 4 of the past 8 quarters there are blue triangles beside the earnings figure on the chart service used by our experts - which indicates pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). Ownership by top-rated funds rose from 884 in Sep '11 to 890 in Mar '12.
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services
Encore Capital Group Inc
$29.13 +0.70
2.46%
$29.59 $0.00 -3.20% 87,634
69.06%
126,900
Most Recent Note for ECPG - 6/22/2012 12:16:35 PM
Rallying toward its 52-week high today. The 6/20/12 mid-day report noted - "Earnings increases were above the +25% guideline in the Dec '11 and Mar '12 quarterly comparisons after 3 consecutive quarterly comparisons with earnings increases just under that minimum guideline. Went through a deep consolidation below its 200 DMA line since noted in the 6/09/11 mid-day report - 'Completed a Secondary Offering on 3/01/11 since noted in the 2/16/11 mid-day report after a breakaway gap helped it clear a previously noted 9 month long base. This Financial Services - Misc firm's quarterly earnings and annual earnings (C and A criteria) history has not been strong and steady.'"
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FEIC - NASDAQ - ELECTRONICS - Diversified Electronics
F E I Co
$47.26 -1.55
-3.18%
$49.15 $0.00 -3.20% 213,662
65.40%
326,700
Most Recent Note for FEIC - 6/22/2012 12:21:21 PM
Pulling back near its 50 DMA line today following a recent rally challenging its 52-week high. It rebounded impressively after the previously noted technical sell signal and since weak action and deteriorating fundamentals prompted it to be dropped from the Featured Stocks list on 5/15/12. Reported earnings +17% on +10% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Concerns were raised by its 2 consecutive quarters below the +25% minimum guideline for earnings growth.
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HEOP - NASDAQ - BANKING - Regional - Pacific Banks
Heritage Oaks Bancorp
$5.99 +0.25
4.36%
$6.00 $0.00 -3.20% 76,537
225.11%
34,000
Most Recent Note for HEOP - 6/22/2012 12:25:12 PM
Hitting a new 52-week high today. Quarterly and annual earnings history (C and A criteria) has been erratic and below 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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IHS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services
I H S Inc Cl A
$105.57 +3.73
3.66%
$106.00 $0.00 -3.20% 1,863,925
468.21%
398,100
Most Recent Note for IHS - 6/22/2012 12:27:39 PM
Gapped up today after pricing the previously noted Secondary Offering near its 52-week high following a streak of 7 consecutive gains marked by above average volume. Prior mid-day reports noted - "Quarterly earnings increases have been less the +25% minimum guideline while sales revenues increases have been improving. It has maintained a great annual earnings (A criteria) track record."
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INOD - NASDAQ - INTERNET - Internet Software & Services
Innodata Inc
$7.04 +0.10
1.44%
$7.09 $0.00 -3.20% 100,017
147.08%
68,000
Most Recent Note for INOD - 6/22/2012 12:30:06 PM
Inching to yet another new 52-week high today with above average volume behind an 8th consecutive gain. Rallied above prior resistance in the $6 area while prior mid-day reports repeatedly noted - "Reported earnings of 13 cents per share versus 1 cent per share with sales revenues up +71% for the latest quarter ended March 31, 2012 versus the year ago period. Its recent quarterly comparisons (through Dec '11) showed improving sales growth and big earnings increases. A loss in FY '10 and erratic annual earnings history (A criteria) leave fundamental concerns as it does not match the investment system's guidelines."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks
Texas Capital Bancshares
$39.09 -0.07
-0.18%
$39.28 $42.08 -7.11% 257,309
61.25%
420,100
Most Recent Note for TCBI - 6/22/2012 12:31:55 PM
Holding its ground today following a "negative reversal" on the prior session after hitting a new 52-week high. Reported earnings +126% on +32% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Recent quarters showed strong earnings increases versus the year earlier that satisfy the C criteria. Its annual earnings (A criteria) history included a downturn in FY '08 & '09 that raised fundamental concerns with respect to the guidelines of the fact-based investment system."

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UNP - NYSE - TRANSPORTATION - Railroads
Union Pacific Corp
$113.98 -1.48
-1.28%
$114.55 $119.82 -4.87% 1,584,841
57.75%
2,744,100
Most Recent Note for UNP - 6/22/2012 12:36:12 PM
Pulling back from new 52-week and all-time highs hit this week with a 3rd consecutive loss today. Reported earnings +39% on +14% sales revenues for the quarter ended March 31, 2012 versus the year ago period, marking a 2nd consecutive quarter with earnings above the +25% minimum guideline. This Transportation - Rail firm's prior quarterly comparisons showed earnings increases below the +25% guideline and its annual earnings (A criteria) history had a downturn in FY '09.

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THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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