Mid-Day Breakouts Report - Thursday, June 23rd, 2016

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 23RD, 2016
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DOW 17957.62 176.79 (0.99%) | NASDAQ 4890.79 57.47 (1.19%) | S&P 500 2106.88 21.43 (1.03%)

Time of Screening : 6/23/2016 12:09:38 PM Report Released : 6/23/2016 12:57:40 PM
Price is: Above 52W High and Less Than 52W High but within 15% 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
FBHS - NYSE Fortune Brands Hme & Sec	$57.13	-0.03 -0.05%	$57.73	602,172 58.22% of 50 DAV 50 DAV is 1,034,300	$59.98 -4.75%	6/22/2016	$57.71	PP = $60.08 MB = $63.08
Most Recent Note - 6/23/2016 12:24:31 PM Y - Encountered distributional pressure on the prior session after highlighted in yellow with pivot point based on its 4/21/16 high plus 10 cents. Members were reminded - "It needs subsequent volume-driven gains above the pivot point to trigger a technical buy signal. Strong earnings increases through the Mar '16 quarter helped it better match with the fact-based investment system's fundamental guidelines. See the latest FSU analysis for more details and a new annotated graph." >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2016. Click here.
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PATK - NASDAQ Patrick Industries Inc	$57.80	+1.66 2.96%	$57.83	76,571 58.01% of 50 DAV 50 DAV is 132,000	$56.84 1.69%	5/24/2016	$53.45	PP = $50.68 MB = $53.21
Most Recent Note - 6/23/2016 12:40:39 PM G - Rallying further into new 52-week high territory with today's 4th consecutive gain, getting extended from any sound base. Prior highs define near term support in the $50 area along with its 50 DMA line ($50.28). >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2016. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACN - NYSE - DIVERSIFIED SERVICES - Business/Management Services Accenture Plc	$118.12	-0.91 -0.76%	$118.54	$120.78	-2.20%	1,264,092 66.08%	1,913,000
Most Recent Note for ACN - 6/23/2016 12:13:43 PM Consolidating above its 50 DMA line. Fundamentals are not a match with the fact-based investment system's guidelines. It was dropped from the Featured Stocks list on 5/31/12.
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AHH - NYSE - Finance-Property REIT Armada Hoffler Ppty Inc	$12.98	+0.01 0.08%	$13.15	$13.23	-1.89%	171,453 74.22%	231,000
Most Recent Note for AHH - 6/23/2016 12:14:22 PM Prior mid-day reports cautioned members - "Rebounded and rallied to new highs since its gap down 12/04/15 when completing a new Public Offering. Reported earnings +32% on +27% sales revenues for the Mar '16 quarter, but fundamental concerns remain. Annual earnings (A criteria) history is not strong and steady."
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ALRM - NASDAQ - Security/Sfty Alarm.Com Holdings, Inc	$24.56	+2.04 9.06%	$24.68	$25.33	-3.04%	260,745 140.19%	186,000
Most Recent Note for ALRM - 6/23/2016 12:15:58 PM Stalled after touching a new 52-week high with volume-driven gains when last noted with caution in the 6/20/16 mid-day report - "Reported earnings +50% on +28% sales revenues for the Mar '16 quarter. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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BWFG - NASDAQ - BANKING - Regional - Northeast Banks Bankwell Financial Group, Inc	$21.73	+0.31 1.45%	$21.87	$22.61	-3.89%	11,412 81.51%	14,000
Most Recent Note for BWFG - 6/23/2016 12:20:39 PM Quarterly earnings and sales revenues growth through Mar '16 has been strong. This thinly traded Bank holding company found support near its 50 DMA line during its recent consolidation. It stalled after rallying to touch a new all-time high on 5/16/16.
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CCF - AMEX - CONSUMER NON-DURABLES - Paper & Paper Products Chase Corp	$62.45	-0.25 -0.40%	$62.70	$64.57	-3.28%	25,976 112.94%	23,000
Most Recent Note for CCF - 6/23/2016 12:21:55 PM Perched near its 52-week high following volume-driven gains. Prior mid-day reports cautioned members - "Reported earnings +56% on +5% sales revenues for the Feb '16 quarter. Prior earnings increases were below the +25% minimum guideline (C criteria). Sub par sales revenues growth hints that there is not great demand for any new (N criteria) products or services. Annual earnings (A criteria) history has been improving after a downturn in FY '09."
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FONR - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Fonar Corp	$21.66	+0.89 4.30%	$21.76	$21.38	1.32%	41,741 94.87%	44,000
Most Recent Note for FONR - 6/23/2016 12:26:50 PM Hitting another new 52-week high today while adding to an impressive spurt of volume-driven gains. Prior mid-day reports cautioned - "Faces additional resistance due to overhead supply. Reported better earnings increases in the Dec '15 and Mar '16 quarters but fundamental concerns remain. Prior quarterly earnings (C criteria) history is not a good match with the fact-based investment system's guidelines."
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FSB - NYSE - BANKING - Regional - Southeast Banks Franklin Financial Network Inc	$33.36	+1.07 3.31%	$33.39	$33.26	0.30%	46,002 80.71%	57,000
Most Recent Note for FSB - 6/23/2016 12:30:35 PM Held its ground but made limited progress since noted in the 6/06/16 mid-day report - "Challenging prior resistance in the $33 area. Limited history remains a concern since its 3/26/15 IPO. Reported earnings +87% on +50% sales revenues for the Mar '16 quarter, and prior quarterly comparisons were strong."
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GWRE - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Guidewire Software Inc	$62.52	+1.87 3.08%	$62.58	$64.78	-3.49%	342,316 88.00%	389,000
Most Recent Note for GWRE - 6/23/2016 12:32:39 PM Repeatedly noted with caution in prior mid-day reports - "Perched within striking distance of its 52-week high. Showed improved sales and earnings increases in the Jan and Apr '16 quarters but fundamental concerns remain. Earnings history has been erratic and not satisfying the C criteria."
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HBP - NASDAQ - WHOLESALE - Building Materials Wholesale Huttig Building Products	$5.59	+0.15 2.76%	$5.64	$5.70	-1.93%	123,754 152.78%	81,000
Most Recent Note for HBP - 6/23/2016 12:33:12 PM Hovering at multi-year highs following volume-driven gains. Prior mid-day reports repeatedly cautioned members - "Quarterly and annual earnings history and sales revenues growth is not 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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KLAC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate K L A Tencor Corp	$74.82	+0.52 0.70%	$75.06	$74.47	0.47%	584,853 68.40%	855,000
Most Recent Note for KLAC - 6/23/2016 12:34:24 PM Reported earnings +37% on -4% sales revenues for the Mar '16 quarter and fundamental concerns remain. Consolidating since 10/21/15 M&A news with Lam Research. Sales revenues growth has been sub par and prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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LFVN - NASDAQ - Cosmetics/Personal Care Lifevantage Corp	$14.17	+0.55 4.04%	$14.22	$14.71	-3.67%	96,169 94.28%	102,000
Most Recent Note for LFVN - 6/23/2016 12:35:21 PM Encountered distributional pressure recently yet still hovering near its 52-week high following a spurt of volume-driven gains. Prior mid-day reports repeatedly cautioned - "Showed improved earnings increases in the Dec '15 and Mar '16 quarterly comparisons, but fundamental concerns remain."
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LOAN - NASDAQ - Finance-Commercial Loans Manhattan Bridge Capital	$5.10	+0.14 2.82%	$5.10	$5.12	-0.39%	44,492 185.38%	24,000
Most Recent Note for LOAN - 6/23/2016 12:36:29 PM Making its 3rd consecutive mid-day report appearance hitting new highs with volume-driven gains. Completed a new Public Offering on 5/22/15. Mar '16 marked its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '11. The Finance - Commercial Loans industry group has a mediocre Group Relative Strength Rating of 45, and the lack of leadership (L criteria) in the group is cause for concern. It has a very small supply of only 4.5 million shares (S criteria) in the public float. The fact-based investment system's guidelines say that low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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MNRK - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Monarch Financial Hldgs	$19.89	+0.37 1.90%	$19.97	$19.99	-0.50%	26,577 106.31%	25,000
Most Recent Note for MNRK - 6/23/2016 12:37:54 PM Challenging its 52-week high with today's 4th consecutive gain. Reported earnings +17% on -3% sales revenues for the Mar '16 quarter. Prior mid-day reports repeatedly cautioned members - "Reported earnings +17% on +6% sales revenues for the Dec '15 quarter, below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has not been strong and steady. There are only 11.9 million shares outstanding in this thinly traded firm hailing from the Banks - Southeast group. Owned by 38 top-rated funds as of Dec '15, up from 8 in Sep '12."
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PLAY - NASDAQ - Retail-Restaurants Dave & Buster's Ent Inc	$46.46	+0.30 0.65%	$46.96	$48.79	-4.78%	636,059 83.47%	762,000
Most Recent Note for PLAY - 6/23/2016 12:42:15 PM Consolidating near all-time highs since last noted with caution in the 6/09/16 mid-day report - "Reported earnings +57% on +18% sales revenues for the Apr '16 quarter. Completed a Secondary Offering on 10/01/15. Following its $16 IPO on 10/10/14 it completed Secondary Offerings on 2/05/15 and 5/27/15. Reported 12 cents per share in earnings versus a year-ago loss of 6 cents per share for the Oct '15 quarter. Showed strong earnings increases above the +25% minimum guideline (C criteria) in quarterly comparisons through Jul '15."
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SFST - NASDAQ - Banks-Southeast Southern First Bancshrs	$24.73	+0.80 3.34%	$24.75	$25.98	-4.81%	14,588 132.62%	11,000
Most Recent Note for SFST - 6/23/2016 12:47:15 PM Found prompt support and managed a "positive reversal" after gapping down today and undercutting its 200 DMA line. Technical action was bearish in the past 2 weeks. The 6/21/16 mid-day report noted - "Quarterly and annual earnings history (C and A criteria) has been good."
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SRDX - NASDAQ - CHEMICALS - Specialty Chemicals Surmodics Inc	$24.00	+0.65 2.78%	$24.00	$27.68	-13.29%	35,960 65.38%	55,000
Most Recent Note for SRDX - 6/23/2016 12:48:11 PM The 6/20/16 mid-day report cautioned members - "Quarterly earnings increases through Mar '16 have not been strong and steady above the +25%* minimum guideline (C criteria)."*
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SRI - NYSE - AUTOMOTIVE - Auto Parts Stoneridge Inc	$16.31	+0.19 1.18%	$16.40	$16.99	-4.00%	146,661 74.83%	196,000
Most Recent Note for SRI - 6/23/2016 12:49:32 PM Hovering near its 52-week high, consolidating above its 50 DMA line. The 5/31/16 mid-day report cautioned - "Reported earnings +82% on +0% sales revenues for the Mar '16 quarter and fundamental concerns remain. Recent quarters show no meaningful growth in sales revenues while it produced far better earnings versus year ago losses. Annual earnings (A criteria) history has not been strong and steady and its fundamentals are below guidelines of the fact-based investment system."
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THO - NYSE - AUTOMOTIVE - Recreational Vehicles Thor Industries Inc	$66.14	+0.87 1.33%	$66.46	$69.76	-5.19%	314,850 60.55%	520,000
Most Recent Note for THO - 6/23/2016 12:51:17 PM Found support near its 50 DMA line in recent weeks. Prior mid-day reports repeatedly cautioned members - "Reported earnings +27% on +9% sales revenues for the Apr '16 quarter. Recent quarters showed improved sales revenues and earnings increases, but its prior history is not a good match with the fact-based investment system's fundamental guidelines."
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UFPI - NASDAQ - MATERIALS & CONSTRUCTION - Lumber, Wood Production Universal Forest Prods	$90.71	+3.17 3.62%	$91.47	$89.67	1.16%	156,078 98.78%	158,000
Most Recent Note for UFPI - 6/23/2016 12:52:31 PM Hitting a new all-time high today. Noted with caution in prior mid-day reports - "Reported earnings +86% on +8% sales revenues for the Mar '16 quarter. Sub par sales revenues growth rate hints at no great demand for new products or services (N criteria). Fundamental concerns remain. It survived but failed to impress since 7/14/06 when dropped from the Featured Stocks list."
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WGO - NYSE - AUTOMOTIVE - Recreational Vehicles Winnebago Industries Inc	$23.37	+0.42 1.83%	$23.85	$24.73	-5.50%	276,377 135.48%	204,000
Most Recent Note for WGO - 6/23/2016 12:55:01 PM Rallied near its 52-week high with volume-driven gains this week, but faces resistance due to overhead supply. Last noted in the 11/11/13 mid-day report with caution - "Earnings history has been erratic and is not a match with the fact-based investment system's guidelines (C and A criteria)."
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WSBF - NASDAQ - BANKING - Savings & Loans Waterstone Financial Inc	$15.30	+0.17 1.12%	$15.31	$15.14	1.06%	36,823 75.15%	49,000
Most Recent Note for WSBF - 6/23/2016 12:57:09 PM Quarterly earnings increases through Mar '16 have been above the +25% guideline (C criteria). Last noted with caution in the 2/12/16 mid-day report - "Sub par sales revenues growth and its up and down annual earnings (A criteria) history are not a match with the fact-based investment system's guidelines."
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