Mid-Day Breakouts Report - Tuesday, July 12th, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 12TH, 2011
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DOW 12547.46 41.7 (0.33%) | NASDAQ 2797.05 -5.57 (-0.20%) | S&P 500 1324.23 4.74 (0.36%)

Time of Screening : 7/12/2011 12:13:14 PM Report Released : 7/12/2011 2:55:05 PM
Price is: Above 52W High and Less Than 52W High but within 7% 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
ULTA - NASDAQ Ulta Salon Cosm & Frag	$64.41	-0.55 -0.85%	$64.81	584,615 66.26% of 50 DAV 50 DAV is 882,300	$68.80 -6.38%	1/6/2011	$36.12	PP = $37.34 MB = $39.21
Most Recent Note - 7/12/2011 1:24:13 PM G - Perched near its all-time high today, extended from any sound base pattern and well above its 50 DMA line. It may produce more climactic gains, but disciplined investors avoid chasing extended stocks. >>> The latest Featured Stock Update with an annotated graph appeared on 6/20/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BLL - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Ball Corp	$39.50	-0.42 -1.05%	$39.74	$40.55	-2.59%	849,609 61.16%	1,389,200
Most Recent Note for BLL - 7/12/2011 12:20:34 PM It is perched near its 52-week and all-time high, consolidating after a streak of 9 consecutive gains to new high territory. Steady annual earnings (A criteria) history, however its Mar '11 quarter was the first earnings increase above the +25% guideline in the past 5 comparisons versus the year ago period.
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CF - NYSE - CHEMICALS - Agricultural Chemicals C F Industries Holdings	$148.53	+3.67 2.53%	$152.24	$158.42	-6.24%	2,559,280 105.72%	2,420,700
Most Recent Note for CF - 7/12/2011 12:23:12 PM Consolidating above its 50 DMA line. It stalled and endured distributional pressure since last noted in the 6/09/11 mid-day report after rallying to a new 52-week high - "This high-ranked leader's earnings and sales revenues showed great increases in recent quarterly comparisons, however it lacks a good steady annual earnings growth history (the A criteria)."
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ESL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Esterline Technologies	$81.96	+0.00 0.00%	$82.11	$82.11	-0.18%	192,068 107.00%	179,500
Most Recent Note for ESL - 7/12/2011 12:27:40 PM Holding its ground after a volume-driven gain for another new 52-week high on the prior session. Prior mid-day reports noted - "Recent quarterly comparisons show slight sales revenues acceleration and better earnings increases, but a downturn in FY '09 earnings is a flaw concerning the A criteria of the fact-based investment system. Sales revenues and earnings history make the fundamentals questionable for this aerospace/defense firm."
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FAST - NASDAQ - RETAIL - Home Improvement Stores Fastenal Co	$34.99	-1.01 -2.81%	$35.99	$36.80	-4.92%	2,109,314 117.38%	1,797,000
Most Recent Note for FAST - 7/12/2011 12:30:02 PM Enduring distributional pressure, pulling back toward prior resistance in the $34 area. Recent gains backed by above average volume helped it hit new 52-week highs, yet prior mid-day reports noted - "Recent quarterly comparisons show sales revenues and earnings increases improving, but a downturn in FY '09 earnings is a flaw with respect to the A criteria. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/01/08."
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FRD - AMEX - METALS & MINING - Steel & Iron Friedman Inds Inc	$11.03	+0.02 0.18%	$11.19	$11.76	-6.21%	12,515 57.67%	21,700
Most Recent Note for FRD - 7/12/2011 12:33:51 PM Hovering near its 52-week high after a 6/28/11 breakaway gap following strong results for the quarter ended March 31, 2011. Recent quarters show big sales and earnings increases but its prior earnings history has been erratic (downturn in FY '10) and below the fact-based system's guidelines.
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MASC - NASDAQ - MANUFACTURING - Metal Fabrication Material Sciences Corp	$8.04	+0.71 9.73%	$8.18	$8.31	-3.21%	250,223 414.96%	60,300
Most Recent Note for MASC - 7/12/2011 12:36:16 PM Considerable volume-driven gain today helped it to touch a new 52-week high. Last noted in the 6/02/11 mid-day report - "Prior quarterly comparisons 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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PEGA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Pegasystems Inc	$44.83	-0.80 -1.75%	$45.07	$47.14	-4.90%	165,083 72.88%	226,500
Most Recent Note for PEGA - 7/12/2011 1:00:46 PM Pulling back this week, enduring mild distributional pressure after a streak of 13 consecutive gains for new 52-week and all-time highs. Its quarterly and annual earnings history has not been strong and steady enough to meet the investment system's guidelines. Based on fundamental and technical weakness it was dropped from the Featured Stocks list on 4/23/10.
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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$59.00	+1.31 2.27%	$59.77	$61.04	-3.34%	152,647 69.23%	220,500
Most Recent Note for PSMT - 7/12/2011 1:02:14 PM Hovering near its 52-week high, stubbornly holding its ground after an impressive spurt of volume-driven gains. It was noted in the 6/27/11 mid-day report after rising from a 7-week base-on-base type pattern with no resistance due to overhead supply - "The high-ranked Retail firm found support above its 50 DMA line and prior highs in the $40 area during its recent consolidation. Recent quarterly comparisons show earnings increases above the +25% guideline versus the year earlier and encouraging sequential acceleration in its sales revenues increases. Blue triangles beside the yearly earnings numbers in each year from 2005-2009 on the data service used by our experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison)."
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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Qualcomm Inc	$56.62	-1.62 -2.78%	$58.59	$59.84	-5.38%	10,630,996 83.79%	12,687,200
Most Recent Note for QCOM - 7/12/2011 1:05:16 PM Considerable loss today, slumping near its 50 DMA line and -6% off its 52-week high. Reported earnings +46% on +46% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Prior earnings history is below the fact-based investment system's guidelines and a dip in its FY '09 earnings is a flaw with respect to the A criteria.
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SHOO - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Steven Madden Limited	$40.41	+0.18 0.45%	$40.47	$58.01	-30.34%	209,477 58.42%	358,600
Most Recent Note for SHOO - 7/12/2011 1:18:16 PM Perched near its 52-week high today, clear of all resistance. Found support after undercutting its 50 DMA line while consolidating since last noted in the 5/31/11 mid-day report - "Below guidelines earnings +15% on +26% sales revenues for the quarter ended March 31, 2011 versus the year ago period raised concerns. Stayed well above prior highs in the $46-47 and its 50 DMA line during its pullbacks after volume-driven gains helped it clear the previously noted cup-with-handle base formed. SHOO was dropped from the Featured Stocks list on 1/21/11 and it found support near its 200 DMA line then rebounded impressively."
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$26.42	+0.34 1.30%	$26.51	$27.00	-2.15%	101,088 60.24%	167,800
Most Recent Note for TCBI - 7/12/2011 1:20:40 PM Perched -2.3% off its 52-week high today after an orderly 14-week saucer shaped base. Last noted in the 6/17/11 mid-day report - "Reported earnings +48% on +9% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Recent quarters showed better sales and earnings increases versus the year earlier. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system. It survived but failed to impress since last noted in the 2/07/05 mid-day report."
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VHI - NYSE - CHEMICALS - Specialty Chemicals Valhi Inc	$56.39	-2.13 -3.64%	$57.35	$60.00	-6.02%	28,581 70.75%	40,400
Most Recent Note for VHI - 7/12/2011 1:25:14 PM Hovering near 52-week and all-time highs, consolidating after a streak of 6 consecutive gains backed by above average volume. Prior mid-day reports noted - "Prior earnings history has been erratic and below the investment system guidelines."
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VMW - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Vmware Inc Cl A	$101.16	-0.98 -0.95%	$103.24	$105.47	-4.09%	1,267,260 63.88%	1,983,900
Most Recent Note for VMW - 7/12/2011 1:27:06 PM This Computer-Software firm has recently been churning above average volume without making meaningful price progress after reaching a new 52 week high last week. No overhead supply remains to act as resistance, however it has not triggered a technical buy signal with a powerful breakout from a proper base pattern. The past 5 quarterly comparisons through Mar '11 have shown strong earnings per share and sales revenues increases versus the year ago periods. A slight downturn in its FY '09 earnings is a small flaw with respect to the A criteria of the fact-based system.
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VOCS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Tech Services Vocus Inc	$31.46	-0.32 -1.01%	$31.98	$33.70	-6.65%	99,752 58.85%	169,500
Most Recent Note for VOCS - 7/12/2011 1:29:54 PM Hovering above prior resistance in the $30 area following volume-driven gains last week helped it rally to a new 52-week high. Last noted in the 4/29/11 mid-day report - "Fundamentals are below the investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 1/7/08."
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