Mid-Day Breakouts Report - Wednesday, July 9th, 2014

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 9TH, 2014
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DOW 16942.3 35.68 (0.21%) | NASDAQ 4409.91 18.49 (0.42%) | S&P 500 1968.56 4.85 (0.25%)

Time of Screening : 7/9/2014 12:03:50 PM Report Released : 7/9/2014 12:37:30 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALK - NYSE - TRANSPORTATION - Regional Airlines Alaska Air Group Inc	$96.43	-0.36 -0.37%	$98.90	$100.98	-4.51%	457,699 64.10%	714,000
Most Recent Note for ALK - 7/9/2014 12:06:22 PM Found support at its 50 DMA line on the prior session. Prior mid-day reports repeatedly cautioned - "Reported earnings +106% on +8% sales revenues for the Mar '14 quarter, 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Prior quarterly earnings history is not a match with the fact-based investment system's guidelines, however since a severe downturn in FY '08 it has a strong annual earnings (A criteria) growth history."
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BMA - NYSE - BANKING - Foreign Regional Banks Banco Macro Sa Ads	$41.00	+2.06 5.28%	$41.64	$41.20	-0.50%	246,372 110.98%	222,000
Most Recent Note for BMA - 7/9/2014 12:07:42 PM Rallying to a new 52-week high with today's volume-driven gain. This Argentina-based bank found support near its 50 DMA line and rallied since noted with caution in the 6/11/14 mid-day report - "It has a good annual earnings (A criteria) history. Reported earnings +65% on +12% sales revenues for the Mar '14 quarter, a 2nd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria)."
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CBPO - NASDAQ - DRUGS - Biotechnology China Biologic Products	$49.86	+0.28 0.56%	$49.86	$51.55	-3.28%	70,787 102.59%	69,000
Most Recent Note for CBPO - 7/9/2014 12:09:38 PM Rallied to a new 52-week high with a considerable volume-driven gain on the prior session. Rebounded above its 50 DMA line with a big volume-driven gain as it completed a new Public Offering on 6/27/14. Prior mid-day reports repeatedly cautioned members - "Reported earnings +24% on +4% sales revenues for the Mar '14 quarter and fundamental concerns remain. Earnings increases have been below the +25% minimum necessary to satisfy the C criteria. Waning annual earnings increases in FY '10 and '11 were noted as a flaw concerning the A criteria."
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CELG - NASDAQ - DRUGS - Drug Manufacturers - Major Celgene Corp	$86.97	+1.25 1.46%	$87.50	$90.50	-3.90%	3,816,770 75.79%	5,036,000
Most Recent Note for CELG - 7/9/2014 12:14:00 PM Rebounding toward its 52-week high today after a bout of distributional pressure on the prior session. Fundamental concerns remain as the 3 latest quarterly earnings comparisons through Mar '14 were below the +25% minimum guideline (C criteria). It undercut its 200 DMA line during its consolidation then rebounded since dropped from the Featured Stocks list on 1/30/14.
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$600.00	+13.41 2.29%	$602.00	$622.90	-3.68%	261,979 59.41%	441,000
Most Recent Note for CMG - 7/9/2014 12:15:37 PM Making its 2nd consecutive mid-day report appearance perched near its 52-week high. There was an ugly "negative reversal" when noted with caution in the 4/17/14 mid-day report - "Reported earnings +30% on +21% sales revenues for the Dec '13 quarter, but fundamental concerns remain. Reported earnings below the +25% minimum for the 5 prior quarterly comparisons, not satisfying the C criteria. Its annual earnings (A criteria) history has been very strong and steady."
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CNOB - NASDAQ - Banks-Northeast ConnectOne Bancorp Inc	$19.54	+0.27 1.37%	$19.58	$21.27	-8.13%	78,787 87.54%	90,000
Most Recent Note for CNOB - 7/9/2014 12:16:44 PM Enduring distributional pressure after challenging its 52-week high when last noted with caution in the 7/02/14 mid-day report - "Fundamental concerns remain. Through Mar '14 its earnings history is not a match with the fact-based investment system's guidelines."
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GGAL - NASDAQ - BANKING - Money Center Banks Grupo Finan Galicia Adr	$16.38	+0.67 4.26%	$16.49	$15.90	3.02%	477,952 75.15%	636,000
Most Recent Note for GGAL - 7/9/2014 12:19:15 PM Hitting a new 52-week high for a 2nd consecutive session. Prior mid-day reports repeatedly cautioned - "Reported earnings +70% on +8% sales revenues for the Mar '14 quarter but fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history is below the fact-based system's guidelines."
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KLAC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate K L A Tencor Corp	$74.81	+0.72 0.97%	$75.01	$75.07	-0.35%	1,349,969 96.29%	1,402,000
Most Recent Note for KLAC - 7/9/2014 12:21:09 PM Making its 2nd consecutive mid-day report appearance perched at its 52-week high following a streak of gains marked by volume. The 7/08/14 mid-day report 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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LGIH - NASDAQ - Bldg-Resident/Comml L G I Homes Inc	$18.80	-0.21 -1.10%	$19.04	$20.83	-9.75%	111,992 105.65%	106,000
Most Recent Note for LGIH - 7/9/2014 12:23:58 PM Pulling back with higher volume behind today's 3rd consecutive loss after challenging its 52-week high. Prior mid-day reports repeatedly cautioned members - "It has not formed a sound base pattern, but faces very little resistance due to overhead supply. Limited history is a concern, yet it is up from its 11/07/13 IPO at $11. Quarterly earnings increases through the Mar '14 quarter have been above the +25% minimum guideline (C criteria)."
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LUV - NYSE - TRANSPORTATION - Regional Airlines Southwest Airlines Co	$26.93	+0.23 0.84%	$27.65	$27.83	-3.25%	3,465,323 58.47%	5,927,000
Most Recent Note for LUV - 7/9/2014 12:25:12 PM Perched near its 52-week high after finding support at its 50 DMA line following volume-driven losses. Reported earnings +157% on +2% sales revenues for the Mar '14 quarter but fundamental concerns remain. Made gradual progress since noted in the 1/29/14 mid-day report with caution - "Extended from any sound base. Reported earnings +267% on +6% sales revenues for the Dec '13 quarter, but fundamental concerns remain. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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NTL - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign Nortel Inversora Sa Adr	$23.97	+0.26 1.10%	$24.40	$26.37	-9.10%	19,964 105.07%	19,000
Most Recent Note for NTL - 7/9/2014 12:26:09 PM Tested support at its 50 DMA line again since last noted with caution in the 6/26/14 mid-day report - "Reported earnings -25% on -21% sales revenues for the Mar '14 quarter. This thinly traded Argentinian Telecom Services firm is perched at its 52-week high following a streak of gains. Quarterly sales revenues and earnings history is not a match with the fact-based investment system's guidelines."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$45.18	-0.27 -0.59%	$45.32	$48.42	-6.69%	988,920 110.87%	892,000
Most Recent Note for NVO - 7/9/2014 12:27:16 PM Enduring distributional pressure this week while consolidating above its 50 DMA line, perched within striking distance of its 52-week high. Prior mid-day reports cautioned members - "Reported earnings +18% on +9% sales revenues for the Mar '14 quarter, a 3rd consecutive quarterly comparison with earnings below the +25% guideline (C criteria). It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm has seen the number of top-rated funds owning its shares fall from 216 in Jun '13 to 208 in Mar '14, not a good sign concerning the I criteria."
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SLXP - NASDAQ - DRUGS - Drug Related Products Salix Pharmaceuticals	$132.01	-5.26 -3.83%	$133.96	$141.81	-6.91%	1,795,682 164.44%	1,092,000
Most Recent Note for SLXP - 7/9/2014 12:31:35 PM No resistance remains due to overhead supply, yet it has been enduring distributional pressure following a considerable gap up and volume-driven gain on 7/01/14 for a new 52-week high. Prior mid-day reports cautioned members - "Reported earnings +67% on +90% sales revenues for the quarter ended March 31, 2014 versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been erratic and is not a match with the fact-based investment system's guidelines."
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SPIL - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Siliconware Prec Ind Adr	$8.29	-0.59 -6.64%	$8.80	$9.08	-8.70%	1,942,281 310.76%	625,000
Most Recent Note for SPIL - 7/9/2014 12:34:15 PM Gapped down today abruptly retreating with heavy volume, reversing from its new 52-week high hit when last noted with caution in the 7/07/14 mid-day report - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). It survived but failed to impress since dropped from the Featured Stocks list on 7/27/07."
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$22.37	-0.20 -0.89%	$22.49	$22.88	-2.23%	5,818,407 64.50%	9,021,000
Most Recent Note for TSM - 7/9/2014 12:37:18 PM Retreating from its 52-week high with above average volume behind today's 3rd consecutive small loss while no resistance remains due to overhead supply. Reported earnings +15% on +10% sales revenues for the Mar '14 quarter, below the +25% minimum earnings guideline (C criteria). Prior mid-day reports cautioned members - "Fundamentally it does not meet the investment system guidelines because prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady."
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