Mid-Day Breakouts Report - Monday, July 2nd, 2012

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MIDDAY BREAKOUTS REPORT - MONDAY, JULY 2ND, 2012
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DOW 12820.76 -59.33 (-0.46%) | NASDAQ 2941.21 6.04 (0.21%) | S&P 500 1359.55 -2.61 (-0.19%)

Time of Screening : 7/2/2012 11:52:59 AM Report Released : 7/2/2012 12:58:28 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
CTRX - NASDAQ Catamaran Corp	$102.68	+3.47 3.50%	$104.79	849,819 82.53% of 50 DAV 50 DAV is 1,029,700	$104.79 -2.01%	6/14/2012	$94.71	PP = $100.60 MB = $105.63
Most Recent Note - 7/2/2012 12:53:34 PM Y - Gapped up today and hit a new 52-week high with higher volume behind its gain. No resistance remains due to overhead supply, and strong close above its pivot point may clinch a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2012. Click here.
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GNC - NYSE G N C Holdings Inc	$40.49	+1.29 3.29%	$41.13	2,039,370 84.32% of 50 DAV 50 DAV is 2,418,600	$41.95 -3.48%	6/29/2012	$39.20	PP = $40.00 MB = $42.00
Most Recent Note - 7/2/2012 12:16:02 PM Y - Trading above the pivot point cited based upon its 5/29/12 high with today's gain. A strong finish with at least +40% above average volume may confirm a new technical buy signal from a 10-week "double bottom" type base. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2012. Click here.
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GPX - NYSE G P Strategies Corp	$18.50	+0.03 0.16%	$18.70	35,799 63.03% of 50 DAV 50 DAV is 56,800	$18.70 -1.07%	6/29/2012	$18.01	PP = $18.15 MB = $19.06
Most Recent Note - 7/2/2012 12:18:24 PM Y - Holding its ground perched at its high today. Finished above the pivot point and closed near the session high with a large gain backed by +132% above average volume triggering a technical buy signal after featured in the 6/29/12 mid-day report (read here) and noted - "It cleared a valid base earlier this week with volume-driven gains and no overhead supply remains. Quarterly earnings increases above the +25% guideline in the 8 latest quarterly comparisons through Dec '11 satisfy the C criteria. Recent cluster of Insider buying in May-Jun looks similar to that which was reported in Nov, Dec, and Jan as it rose toward and above prior resistance in the $14 area. Prior reports cautioned - 'Recent quarterly comparisons show improving sales revenues and earnings increases but its annual earnings (A criteria) history falls below the investment system's guidelines.'" There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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MLNX - NASDAQ Mellanox Technologies	$72.35	+1.53 2.16%	$73.62	418,909 66.61% of 50 DAV 50 DAV is 628,900	$74.27 -2.59%	6/18/2012	$70.90	PP = $67.30 MB = $70.67
Most Recent Note - 7/2/2012 12:32:27 PM G - Perched near its all-time high, extended from its prior base. Recent chart lows define near-term support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 6/25/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AIRM - NASDAQ - TRANSPORTATION - Air Services, Other Air Methods Corp	$99.63	+1.38 1.40%	$102.10	$102.10	-2.42%	71,364 76.65%	93,100
Most Recent Note for AIRM - 7/2/2012 11:56:27 AM Hitting another new 52-week high today while adding to its streak of volume-driven gains. It rebounded after a recent slump below its 50 DMA line. Earnings and sales revenues improved in the Mar '12 quarter following sub par results in the Sep and Dec '11 comparisons. Prior mid-day reports noted - "Sales and earnings growth history has been erratic and below guidelines."
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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$34.50	+1.04 3.11%	$34.86	$35.15	-1.85%	860,635 74.84%	1,150,000
Most Recent Note for ALGN - 7/2/2012 12:00:48 PM Found support above its 50 DMA line while consolidating. Earnings rose +29% on +29% sales revenues for the quarter ended March 31, 2012 versus the year ago period, and the Dec '11 period showed strong sales and earnings increases. The 4 previous quarters showed 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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AZZ - NYSE - MANUFACTURING - Industrial Equipment & Compone A Z Z Incorporated	$63.28	+2.02 3.30%	$63.59	$63.59	-0.49%	93,860 135.44%	69,300
Most Recent Note for AZZ - 7/2/2012 12:04:38 PM Hitting a new high today, adding to its prior gains after gapping up for a new all-time high. Reported earnings +36% on +11% sales revenues for the quarter ended May 31, 2012 versus the year ago period. Prior earnings history is not a good match with the C or A criteria of the fact-based investment system. It survived but failed to impress since last noted in the 7/27/11 mid-day report.
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BANR - NASDAQ - BANKING - Savings & Loans Banner Corporation	$21.83	-0.08 -0.37%	$21.98	$22.97	-4.96%	139,334 98.61%	141,300
Most Recent Note for BANR - 7/2/2012 12:08:03 PM Rebounding within -4.9% of its 52-week high. In recent weeks it found support at its 200 DMA line. Prior mid-day reports cautioned investors - "Sales and earnings history is not a match with the fact-based investment system's guidelines."
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BRLI - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc Bio Reference Labs Inc	$27.13	+0.85 3.22%	$27.39	$27.39	-0.97%	141,620 60.01%	236,000
Most Recent Note for BRLI - 7/2/2012 12:10:08 PM It has maintained a good annual earnings history (A criteria) however quarterly earnings increases were only above the +25% minimum guideline in 2 of the past 7 comparisons through Apr '12 while other comparisons were borderline or below the guideline. It rebounded from its 200 DMA to multi-year resistance in the $24-25 area and recently wedged into new high territory without great volume conviction behind its gains. It survived but failed to impress since dropped from the Featured Stocks list on 7/02/10.
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BYI - NYSE - Leisure-Gaming/Equip Bally Technologies Inc	$46.55	-0.11 -0.24%	$47.27	$49.32	-5.62%	305,513 60.28%	506,800
Most Recent Note for BYI - 7/2/2012 12:13:13 PM Perched -6.1% off its 52-week high today. Recent quarterly comparisons through Mar '12 showed encouraging sales revenues and earnings acceleration. Prior mid-day reports noted - "Quarterly and annual earnings history has been below the guidelines of the fact-based investment system."
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IHG - NYSE - LEISURE - Lodging Intercontinental Hotels	$24.35	+0.25 1.04%	$24.43	$24.85	-2.01%	394,543 88.80%	444,300
Most Recent Note for IHG - 7/2/2012 12:20:48 PM Found support near its 50 DMA line and it has recently encountered resistance in the $25 area. Reported earnings +8% on +3% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Its prior earnings history (A criteria) is below guidelines of the fact-based system."
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LL - NYSE - RETAIL - Home Improvement Stores Lumber Liquidators Hldgs	$33.21	-0.58 -1.72%	$34.56	$34.56	-3.91%	486,540 73.07%	665,900
Most Recent Note for LL - 7/2/2012 12:24:56 PM Today's early gain helped it hit another new 52-week high, and it recently wedged higher without great volume conviction behind its gains. Reported earnings +45% on +18% sales revenues for the quarter ended March 31, 2012 versus the year ago period. The Sep and Dec '11 quarterly comparisons showed improving sales revenues and earnings increases. Now its 3 consecutive strong quarterly earnings increases (above the +25% minimum) satisfy the C criteria. Annual earnings (A criteria) growth stalled after FY '09, raising fundamental concerns based on the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/10 after a "negative reversal" on 4/26/10.
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LOPE - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Grand Canyon Education	$20.94	+0.00 0.00%	$21.18	$21.19	-1.18%	338,920 79.90%	424,200
Most Recent Note for LOPE - 7/2/2012 12:28:09 PM Perched at its 52-week high with today's 7th consecutive gain. Prior mid-day reports noted - "It found support near its 200 DMA line while forming an orderly base pattern in recent months. Additional overhead supply remains to act as resistance up through the $28 level. Reported earnings +52% on +15% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly earnings increases in the past 4 comparisons have been above the +25% guideline concerning the C criteria. It has also maintained a good annual earnings (A criteria) history while it survived but failed to impress since dropped from the Featured Stocks list on 6/14/10."
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MGAM - NASDAQ - LEISURE - Gaming Activities Multimedia Games Hldg Co	$14.14	+0.14 1.00%	$14.33	$14.51	-2.55%	293,942 105.58%	278,400
Most Recent Note for MGAM - 7/2/2012 12:30:04 PM Rising near its 52-week high with a 2nd consecutive volume-driven gain. It formed a base-on base pattern above its 50 DMA line since noted in the 5/03/12 mid-day report when there was a "considerable breakaway gap". Reported great earnings +500% and sales increases +31% for the Mar '12 quarter. Reported earnings of 14 cents per share versus a year-ago loss of 5 cents per share for the quarter ended December 31st. Its earnings history has been erratic, and prior reports noted "Earnings history is below the fact-based investment system's guidelines."
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MON - NYSE - CHEMICALS - Specialty Chemicals Monsanto Co	$83.72	+0.94 1.14%	$83.87	$83.94	-0.26%	2,108,530 64.62%	3,263,100
Most Recent Note for MON - 7/2/2012 12:34:49 PM Trading within close striking distance of its 52-week high today. Last noted in the 8/29/11 mid-day report - "Earnings history has been erratic and below the fact-based system's guidelines. Ownership by top-rated funds fell from 2,411 in Jun '10 to 2,203 as of Mar '11. This large (534.7 million shares outstanding) agricultural firm survived but failed to impress since long ago noted in the 6/03/08 mid-day report."
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OMN - NYSE - CHEMICALS - Specialty Chemicals Omnova Solutions Inc	$7.71	+0.17 2.25%	$7.79	$7.97	-3.26%	149,192 63.76%	234,000
Most Recent Note for OMN - 7/2/2012 12:37:54 PM Reported earnings -11% on -2% sales revenues for the quarter ended May 31, 2012 versus the year ago period. It survived but failed to impress since last noted in the 10/13/09 mid-day report - "Its lack of sales revenues growth and erratic earnings history are fundamental concerns."
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PNW - NYSE - UTILITIES - Electric Utilities Pinnacle West Capital	$51.84	+0.10 0.19%	$52.19	$52.30	-0.88%	489,615 61.55%	795,500
Most Recent Note for PNW - 7/2/2012 12:39:42 PM The Utility - Electric Power firm's quarterly and annual earnings (C and A criteria) history has not been strong and steady.
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PSEC - NASDAQ - FINANCIAL SERVICES - Credit Services Prospect Capital Corp	$11.49	+0.10 0.88%	$11.53	$11.53	-0.35%	878,671 66.31%	1,325,000
Most Recent Note for PSEC - 7/2/2012 12:42:15 PM Quarterly and annual earnings history has not been strong and steady, so it is not a match with the fact-based investment system's guidelines.
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QCOR - NASDAQ - DRUGS - Biotechnology Questcor Pharmaceuticals	$51.70	-1.54 -2.89%	$54.17	$54.30	-4.79%	1,354,640 69.40%	1,951,800
Most Recent Note for QCOR - 7/2/2012 12:45:11 PM Hovering near its 52-week high today, extended from prior highs. It has hardly looked back since a considerable volume-driven gain on 6/12/12 helped it break out above previously stubborn resistance in the $46 area. Reported earnings +205% on +161% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Strong prior quarterly comparisons with solid sales revenues and earnings increases satisfy the C criteria of the fact-based system. Downward turn in its FY '09 earnings was previously noted as a flaw concerning the A criteria. Rallied 4-fold from its February 2011 lows in the $12 area.
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STZ - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Constellation Brands A	$27.60	+0.54 2.00%	$27.63	$28.08	-1.71%	4,168,886 143.18%	2,911,600
Most Recent Note for STZ - 7/2/2012 12:47:05 PM Up further today following a considerable gap up gain for a new 52-week high on the prior session. Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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SWHC - NASDAQ - CONSUMER DURABLES - Sporting Goods Smith & Wesson Hldg Corp	$8.40	+0.10 1.14%	$8.50	$8.62	-2.55%	1,228,993 85.93%	1,430,300
Most Recent Note for SWHC - 7/2/2012 12:51:00 PM Challenging its 52-week high today, adding to its considerable gap up and volume-driven gain from Friday. Its earnings in the quarter ended April 30, 2012 showed a +125% increase on +26% sales revenues versus the year ago period. Its quarterly and annual earnings history has not been strong and steady since last noted in the 10/30/07 mid-day report.
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SYPR - NASDAQ - ELECTRONICS - Printed Circuit Boards Sypris Solutions Inc	$7.06	+0.09 1.29%	$7.13	$7.14	-1.12%	73,382 69.10%	106,200
Most Recent Note for SYPR - 7/2/2012 12:54:09 PM Hit yet another new 52-week high today. Prior mid-day reports noted - "Recent quarterly comparisons showed earnings versus year ago losses. Its annual earnings (A criteria) history has been poor, including years of losses. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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TRIB - NASDAQ - DRUGS - Diagnostic Substances Trinity Biotech Plc Adr	$12.03	+0.03 0.25%	$12.10	$12.10	-0.58%	27,631 58.91%	46,900
Most Recent Note for TRIB - 7/2/2012 12:55:19 PM Still churning higher than average volume at its 52-week high without making very meaningful price progress, previously noted as a sign of distributional pressure after building a base-on-base pattern. Prior mid-day reports noted - "Consolidating above prior highs and its 50 DMA line in the $11 area that define chart support. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Repeatedly noted in prior mid-day reports - 'Annual earnings (A criteria) showed steady increases since a downturn in FY '08. This Ireland-based firm hailing from the Medical - Products industry group is not a match with the winning models from the book, 'How To Make Money In Stocks'. The past 8 quarterly earnings comparisons through Mar '12 were below the +25% minimum guideline of the fact-based investment system.'"
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WAB - NYSE - AUTOMOTIVE - Auto Parts Wabtec	$78.40	+0.39 0.50%	$79.44	$82.90	-5.43%	198,085 60.86%	325,500
Most Recent Note for WAB - 7/2/2012 12:58:08 PM Found support at its 200 DMA line during its consolidation since last noted in the 4/25/12 mid-day report when there was no resistance remaining due to overhead supply - "Its annual earnings (A criteria) history has not been strong and steady, yet the 4 latest quarterly earnings increases above the +25% guideline (Mar, Jun, Sep, Dec '11) satisfied the C criteria. It survived but failed to impress since it was dropped from the Featured Stocks list on 9/17/08."
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