Mid-Day Breakouts Report - Thursday, July 5th, 2012

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 5TH, 2012
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DOW 12913.39 -30.43 (-0.24%) | NASDAQ 2979.17 3.09 (0.10%) | S&P 500 1368.62 -5.4 (-0.39%)

Time of Screening : 7/5/2012 11:48:53 AM Report Released : 7/5/2012 12:55:51 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	$98.84	+1.98 2.04%	$101.68	1,205,907 114.85% of 50 DAV 50 DAV is 1,050,000	$104.79 -5.68%	6/14/2012	$94.71	PP = $100.60 MB = $105.63
Most Recent Note - 7/5/2012 12:39:46 PM Y - Churning above average volume today while off the session's earlier highs above its pivot point. Reversed and closed in the red after trading up on the 2 prior sessions, and the "negative reversals" were noted as signs of distributional pressure. 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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MLNX - NASDAQ Mellanox Technologies	$76.79	+1.77 2.36%	$77.69	415,981 71.17% of 50 DAV 50 DAV is 584,500	$77.69 -1.16%	6/18/2012	$70.90	PP = $67.30 MB = $70.67
Most Recent Note - 7/5/2012 12:12:05 PM G - Today's 4th consecutive gain helped it hit another new all-time high, getting more 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$610.17	+10.85 1.81%	$614.20	$644.00	-5.25%	9,868,148 59.97%	16,455,200
Most Recent Note for AAPL - 7/5/2012 11:56:45 AM Rallying toward its prior highs after consolidating below its 50 DMA line since last noted in the 4/25/12 mid-day report when it had reported another hugely profitable quarter ended March 31, 2012 versus the year ago period and gapped up for a considerable gain. Prior notes acknowledged the well-known tech leader's considerable rally since the 'breakaway gap' on 1/25/12 from an advanced '3-weeks tight' base pattern. Companies currently on the 'Featured Stocks' list are the most ideal candidates fitting the fact-based investment system's guidelines before becoming too heavily owned by the institutional crowd.
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ALG - NYSE - MANUFACTURING - Farm & Construction Machinery Alamo Group Inc	$32.13	+0.25 0.78%	$32.23	$34.23	-6.13%	32,926 72.52%	45,400
Most Recent Note for ALG - 7/5/2012 11:58:55 AM Consolidating above its 50 DMA line. Reported earnings +19% on +11% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Prior mid-day reports noted - "Earnings increases improved in recent quarters, but sales revenues increases have been below guidelines and its annual earnings (A criteria) history has been up and down."
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AZZ - NYSE - MANUFACTURING - Industrial Equipment & Compone A Z Z Incorporated	$66.38	-0.51 -0.76%	$67.20	$67.20	-1.22%	46,949 63.88%	73,500
Most Recent Note for AZZ - 7/5/2012 11:59:55 AM Holding its ground today following a spurt of volume-driven gains after gapping up last week for a new all-time high. The 7/02/12 mid-day report noted - "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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BKR - NYSE - Oil&Gas-Machinery/Equip Baker Hughes Co Cl A	$25.95	-0.48 -1.82%	$26.45	$27.43	-5.40%	37,311 114.80%	32,500
Most Recent Note for BKR - 7/5/2012 12:02:15 PM Small supply of shares outstanding (the S criteria) may contribute to greater price volatility. Its quarterly and annual earnings history (C and A criteria) has not been a match with the investment system's fundamental requirements.
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DORM - NASDAQ - AUTOMOTIVE - Auto Parts Dorman Products Inc	$25.85	-0.11 -0.40%	$25.95	$26.06	-0.83%	93,493 61.43%	152,200
Most Recent Note for DORM - 7/5/2012 12:03:56 PM Now less than -1% off its 52-week high and facing no overhead supply to act as resistance. Distributional pressure negated a short-lived breakout in May. Reported earnings +21% on +10% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Shares split 2:1 effective 6/18/12. It has earned high ranks however its earnings history is not a good match with the fact-based system's guidelines.
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$30.05	-0.04 -0.12%	$30.19	$31.72	-5.28%	95,824 60.04%	159,600
Most Recent Note for ECPG - 7/5/2012 12:06:59 PM Rallying toward its 52-week high and 2011 high ($33.16), it was noted in prior mid-day reports - "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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IDXX - NASDAQ - DRUGS - Diagnostic Substances Idexx Laboratories Inc	$96.67	-0.87 -0.89%	$97.69	$98.38	-1.74%	159,064 58.35%	272,600
Most Recent Note for IDXX - 7/5/2012 12:08:22 PM Recent volume-driven gains helped it rally to new all-time highs with no resistance remaining due to overhead supply. The 2/24/12 mid-day report noted - "Earnings history has been below the fact-based investment system's guidelines."
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IT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Gartner Inc	$46.60	+1.35 2.98%	$46.69	$46.69	-0.19%	442,905 78.96%	560,900
Most Recent Note for IT - 7/5/2012 12:11:19 PM Hitting new 52-week and all-time highs today with above average volume behind its 4-day streak of gains from its 50 DMA line. Prior mid-day reports noted - "Reported earnings +16% on +12% sales revenues for the quarter ended March 31 2012 versus the year ago period, marking its 2nd consecutive quarterly comparison with earnings increasing below the +25% minimum guideline. A downward turn in its FY '09 earnings is a concern with respect to the A criteria of the fact-based system's guidelines. It survived and rebounded in recent years after deteriorating badly after it was dropped from the Featured Stocks list on 10/02/08."
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MOFG - NASDAQ - BANKING - Regional - Southwest Banks Midwestone Financial Grp	$21.70	-0.18 -0.82%	$21.94	$22.20	-2.25%	18,015 63.21%	28,500
Most Recent Note for MOFG - 7/5/2012 12:16:29 PM Perched near its all-time high with no resistance remaining due to overhead supply. Quarterly earnings increases have been above the +25% guideline, however sales revenues have not been growing. Its annual earnings (A criteria) history has not been strong and steady.
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NWS - NASDAQ - MEDIA - Entertainment - Diversified News Corporation Cl B	$22.60	-0.30 -1.31%	$22.68	$23.09	-2.12%	3,669,923 108.45%	3,384,100
Most Recent Note for NWS - 7/5/2012 12:18:26 PM Holding its ground after recently breaking out to new 52-week highs with volume-driven gains. It slumped to its 200 DMA line and found support then rebounded since noted in the 5/11/12 mid-day report - "Gapped up on the prior session after reporting earnings +42% on +2% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly and annual sales revenues and earnings history is not a match with the fact-based system's guidelines."
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PCOM - NASDAQ - Leisure-Services Points International Ltd	$12.46	+0.27 2.22%	$12.68	$13.07	-4.66%	48,006 96.98%	49,500
Most Recent Note for PCOM - 7/5/2012 12:22:52 PM Rebounding toward its 52-week high following a consolidation below its 50 DMA line. The recent pullback below its short-term average tested a prior resistance level since last noted in the 5/04/12 mid-day report - "Reported earnings of 4 cents per share versus a year ago loss of 1 cent per share while sales revenues were -2% for the quarter ended March 31, 2012. Technically, this low-priced stock broke out with volume-driven gains on 4/12/12 and 4/13/12 clearing prior resistance in the $11 area, and no resistance remains due to overhead supply. Strong earnings increases in the Jun, Sep, and Dec '11 quarterly comparisons were above the +25% minimum guideline, satisfying the C criteria. Annual earnings (A criteria) history improved in recent years, but it has not been strong and steady."
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PSEC - NASDAQ - FINANCIAL SERVICES - Credit Services Prospect Capital Corp	$11.69	-0.01 -0.09%	$11.81	$11.87	-1.52%	1,132,526 84.13%	1,346,200
Most Recent Note for PSEC - 7/5/2012 12:24:13 PM Hovering at its 52-week high today. Prior mid-day reports noted - "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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ROST - NASDAQ - RETAIL - Apparel Stores Ross Stores Inc	$67.01	+4.23 6.74%	$67.36	$69.46	-3.53%	2,132,623 90.63%	2,353,100
Most Recent Note for ROST - 7/5/2012 12:26:42 PM Considerable gain after gapping up today. Found support near its 50 DMA line after recently encountering distributional pressure. Prior mid-day reports noted - "Reported earnings +26% on +14% sales revenues for the quarter ended April 30, 2012 versus the year ago period. The 3 prior quarterly earnings comparisons were just below the investment system's +25% minimum guidelines (C criteria). It has maintained a strong annual earnings history (A criteria) and has earned very high ranks."
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SSNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S S & C Technologies	$26.49	+0.63 2.44%	$26.56	$26.56	-0.26%	139,380 72.67%	191,800
Most Recent Note for SSNC - 7/5/2012 12:29:34 PM Hitting a new 52-week high with today's 7th consecutive gain. Prior mid-day reports noted - "No overhead supply remains to hinder its progress. Fundamentals are not a match with the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong but the past 7 quarterly comparisons through Mar '12 showed earnings increases below the +25% minimum guideline for buy candidates."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$53.55	+2.31 4.50%	$53.71	$54.96	-2.57%	247,713 68.33%	362,500
Most Recent Note for SSYS - 7/5/2012 12:33:47 PM Consolidating -3.8% off its 52-week high today with a 4th consecutive gain, rebounding from below its 50 DMA line. Last noted in the 5/09/12 mid-day report - "Quarterly earnings increases above the +25% guideline in the 3 most recent comparisons satisfy the C criteria. A downward turn in its FY '09 earnings is an obvious flaw with respect to the investment system's A criteria. It is an interesting turn around story with a small supply of only 20.6 million shares (S criteria) outstanding. Longtime members may recall that SSYS was long ago (2003) featured in our monthly newsletter and special reports."
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SWHC - NASDAQ - CONSUMER DURABLES - Sporting Goods Smith & Wesson Hldg Corp	$8.96	+0.01 0.06%	$9.00	$9.00	-0.50%	860,593 57.86%	1,487,400
Most Recent Note for SWHC - 7/5/2012 12:35:50 PM Holding its ground stubbornly, perched at its 52-week high following considerable volume-driven gains. Prior mid-day reports noted - "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 noted in the 10/30/07 mid-day report."
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SYPR - NASDAQ - ELECTRONICS - Printed Circuit Boards Sypris Solutions Inc	$7.32	-0.21 -2.79%	$7.63	$7.63	-4.06%	84,430 75.79%	111,400
Most Recent Note for SYPR - 7/5/2012 12:40:59 PM Reversed into the red after touching yet another new 52-week high today. Prior mid-day reports repeatedly 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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TCAP - NYSE - FINANCIAL SERVICES - Credit Services Triangle Capital Corp	$23.13	+0.06 0.26%	$23.30	$24.27	-4.70%	163,248 74.51%	219,100
Most Recent Note for TCAP - 7/5/2012 12:42:40 PM Recently reversed from a new 52-week high. It held its ground and rallied to new high territory since noted in the 6/11/12 mid-day report - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines."
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$44.20	+1.70 4.00%	$44.63	$44.63	-0.96%	3,884,099 67.25%	5,775,800
Most Recent Note for TJX - 7/5/2012 12:43:29 PM Found support when consolidating near its 50 DMA line recently, and today it gapped up and hit a new 52-week high. Reported earnings +41% on +11% sales revenues for the quarter ended April 30, 2012 versus the year ago period. Despite the better earnings increase in the latest quarterly comparison, prior mid-day reports noted- "Quarterly and annual earnings history has been below the fact-based investment system's guidelines."
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TRIB - NASDAQ - DRUGS - Diagnostic Substances Trinity Biotech Plc Adr	$11.86	-0.14 -1.17%	$12.08	$12.14	-2.31%	56,829 123.54%	46,000
Most Recent Note for TRIB - 7/5/2012 12:48:44 PM Made limited progress yet held its ground stubbornly while several mid-day reports since May repeatedly 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. 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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UNF - NYSE - DIVERSIFIED SERVICES - Business/Management Services Unifirst Corp	$66.93	+0.01 0.01%	$67.28	$67.37	-0.65%	77,458 104.11%	74,400
Most Recent Note for UNF - 7/5/2012 12:49:48 PM Holding its ground today following 3 consecutive gains with above average volume, making progress above prior highs in the $62 area which had defined a stubborn resistance area. In the 6/28/12 mid-day report it was noted - "Considerable gap up and volume-driven gain on the prior session to a new 52-week high. Unimpressive quarterly and annual earnings history falls below the fundamental guidelines concerning the C and A criteria. "
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WAB - NYSE - AUTOMOTIVE - Auto Parts Wabtec	$78.00	-0.44 -0.56%	$78.65	$82.90	-5.91%	225,037 70.35%	319,900
Most Recent Note for WAB - 7/5/2012 12:54:21 PM Little overhead supply remains to act as resistance. Prior mid-day reports repeatedly noted - "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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WWWW - NASDAQ - INTERNET - Internet Information Providers Web.com Group Inc	$19.56	+0.85 4.55%	$19.72	$19.72	-0.80%	468,579 57.51%	814,800
Most Recent Note for WWWW - 7/5/2012 12:55:11 PM Up again today for another new 52-week high, rallying with no resistance remaining due to overhead supply. Found support at its 50 DMA line while consolidating after it proposed a Secondary Offering on 5/07/12, shortly after rallying from a deep one-year cup-with-handle base pattern. Prior mid-day reports noted- "Reported earnings +67% on +132% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Its Dec '11 comparison +17% was previously noted as its weakest earnings increase in more than 5 quarterly comparisons and below the +25% minimum guideline. Its annual earnings (A criteria) growth history included a downturn in FY '09 raising additional concerns with regard to the fundamental guidelines of the fact-based investment system."
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