Mid-Day Breakouts Report - Friday, July 12th, 2013

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 12TH, 2013
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DOW 15439.51 -21.41 (-0.14%) | NASDAQ 3580.79 2.49 (0.07%) | S&P 500 1674.48 -0.54 (-0.03%)

Time of Screening : 7/12/2013 12:19:50 PM Report Released : 7/12/2013 1:51:37 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.
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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
SSNC - NASDAQ S S & C Technologies	$36.87	+0.82 2.28%	$37.72	372,324 80.31% of 50 DAV 50 DAV is 463,600	$37.72 -2.25%	7/11/2013	$35.80	PP = $34.54 MB = $36.27
Most Recent Note - 7/12/2013 1:43:16 PM G - Gapped up again today, rallying above its "max buy" level and its color code is changed to green while getting extended from its prior base. Cleared the pivot point based on its 5/08/13 high plus 10 cents cited in the 7/11/13 mid-day report (read here) and triggered a technical buy signal while rising from an orderly base above its 50 DMA line with a considerable gain backed by +124% above average volume. Completed another Secondary Offering on 5/09/13. Noted in the 5/20/13 mid-day report - "The high-ranked Computer Software - Financial firm completed previously noted Secondary Offerings on 3/14/13 and on 7/19/12. The past 4 quarterly comparisons through Mar '13 showed earnings increases above the +25% minimum guideline (C criteria) for buy candidates and its annual earnings (A criteria) history has been strong." 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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YNDX - NASDAQ Yandex N V Class A	$30.63	+0.24 0.79%	$31.11	1,510,445 64.49% of 50 DAV 50 DAV is 2,342,200	$31.11 -1.54%	7/10/2013	$29.29	PP = $29.59 MB = $31.07
Most Recent Note - 7/12/2013 1:51:16 PM Y - Hit another new 52-week high with today's 6th consecutive gain. Its gain with +130% above average volume triggered a technical buy signal while rallying above its pivot point on the prior session. When challenging its prior high an annotated weekly graph was included in the 7/10/13 mid-day report (read here) and it was covered in greater detail with an annotated daily graph in that evening's Featured Stock Update (FSU) section of the After Market Update. >>> The latest Featured Stock Update with an annotated graph appeared on 7/10/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Alliance Data Sys Corp	$190.43	+2.82 1.50%	$191.35	$191.35	-0.48%	551,548 75.97%	726,000
Most Recent Note for ADS - 7/12/2013 12:22:45 PM Hitting new 52-week highs with volume driven gains while rising from an orderly base, Found support near its 50 DMA line during its consolidation since last noted in the 6/12/13 mid-day report with caution - "Earnings increases in the 6 latest quarterly reports through Mar '13) have been below the +25% minimum earnings guideline of the fact-based investment system. Fundamental and technical deterioration led to it being dropped from the Featured Stocks list on 5/21/12, yet it has since proven resilient."
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AEIS - NASDAQ - ELECTRONICS - Diversified Electronics Advanced Energy Inds	$21.86	+0.26 1.20%	$22.01	$22.01	-0.68%	352,209 106.22%	331,600
Most Recent Note for AEIS - 7/12/2013 12:24:46 PM Hitting another new 52-week high with today's 6th consecutive gain backed by ever-increasing volume. The 7/11/13 mid-day report cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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AFOP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alliance Fiber Optic	$30.44	+0.34 1.13%	$30.94	$32.34	-5.88%	224,076 119.32%	187,800
Most Recent Note for AFOP - 7/12/2013 12:25:56 PM Perched at its 52-week high today adding another volume-driven gain and getting more extended from the previously noted "ascending base" pattern. Found support above its 50 DMA line during the pullback since noted in the 6/18/13 mid-day report with caution - "Extended from any sound base. Powered higher after recently raising guidance for its 2nd quarter. This Sunnyvale, CA based Telecom - Fiber Optics firm showed better increases in sales and earnings for the Sep, Dec '12, and Mar '13 quarters versus the year ago period, above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been below the fact-based investment system's guidelines."
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ALK - NYSE - TRANSPORTATION - Regional Airlines Alaska Air Group Inc	$61.59	+2.03 3.41%	$61.88	$68.00	-9.43%	676,176 60.79%	1,112,300
Most Recent Note for ALK - 7/12/2013 12:29:09 PM Rebounding above its 50 DMA line with a streak of 4 consecutive volume-driven gains. Reported earnings +59% on +9% sales revenues for the March '13 quarter, its 2nd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Found support while consolidating above its 200 DMA line during its consolidation since last noted in the 5/20/13 mid-day report with caution - "Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$20.06	+0.16 0.80%	$20.16	$20.16	-0.50%	70,692 73.10%	96,700
Most Recent Note for ANIK - 7/12/2013 12:30:59 PM Hitting new 52-week highs with 4 consecutive volume-driven gains. Recently topped its 2012 high ($17.70). Prior mid-day reports repeatedly cautioned - "Reported strong results above the +25% minimum earnings guideline for 2 consecutive quarterly comparisons (C criteria) through Mar '13, but prior quarterly and annual earnings (A criteria) history leaves fundamental concerns. It went through a deep consolidation below its 200 DMA line then rebounded since last noted near its 2012 high in the 4/24/12 mid-day report."
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BEAV - NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services B/E Aerospace Inc	$68.30	+0.22 0.32%	$68.72	$68.67	-0.54%	576,717 68.16%	846,100
Most Recent Note for BEAV - 7/12/2013 12:32:22 PM Perched at its 52-week high with today's 7th consecutive gain on ever-increasing volume. Rebounded promptly after violating its 50 DMA line in recent weeks. The 4/23/13 mid-day report and prior reports cautioned - "Reported +24% earnings on +13% sales revenues for the quarter ended March 31, 2013 versus the year ago period, marking its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). A downturn in FY '09 earnings is a flaw with respect to the A criteria of the investment system."
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CBOE - NASDAQ - Financial Svcs-Specialty C B O E Holdings Inc	$47.40	+0.11 0.23%	$47.89	$48.00	-1.25%	643,101 106.95%	601,300
Most Recent Note for CBOE - 7/12/2013 12:33:32 PM Holding its ground perched at 52-week and all-time highs following a recent streak of gains backed by above average volume, extended from any sound base. Prior mid-day reports repeatedly noted - "Earnings history is not a match with the fact-based investment system's guidelines (C criteria)."
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CFI - NYSE - MANUFACTURING - Textile Manufacturing Culp Inc	$18.25	-0.02 -0.11%	$18.44	$18.69	-2.35%	21,467 58.98%	36,400
Most Recent Note for CFI - 7/12/2013 12:38:45 PM Perched near its 52-week high. Made little progress and found support at its 50 DMA line while consolidating since last noted in the 6/11/13 mid-day report with caution - "Fundamentals remain a concern. Erratic sales and earnings history, below guidelines of the investment system."
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CWCO - NASDAQ - UTILITIES - Foreign Utilities Consolidated Water Co	$12.37	+0.43 3.61%	$12.40	$12.40	-0.23%	74,915 94.00%	79,700
Most Recent Note for CWCO - 7/12/2013 12:41:16 PM Tallying solid gains for new 52-week highs this week with average or above average volume, extended from any sound base. Prior mid-day reports cautioned - "Water Utility firm's earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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DEST - NASDAQ - RETAIL - Apparel Stores Destination Maternity Cp	$29.43	+0.44 1.52%	$29.49	$30.33	-2.97%	58,053 80.07%	72,500
Most Recent Note for DEST - 7/12/2013 12:42:59 PM Perched at its 52-week high today on track for a 9th consecutive gain. After enduring recent distributional pressure it promptly repaired a 50 DMA line violation, then rallied from an orderly base-on-base type pattern. Fundamental concerns remain as when noted in the 1/24/13 mid-day report with caution- "This Retail - Apparel/Shoes/Acc firm's sales revenues in the past 2 quarters through Sep '12 were below the respective year ago periods, indicating no new growth in demand for its products or services (bad N criteria). Its small supply (S criteria) of only 12 million shares in the float could contribute to greater price volatility. Quarterly earnings history (C criteria) has not been strong, and its up and down annual earnings (A criteria) history is also a concern."
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EGHT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Eight By Eight Inc	$8.79	+0.05 0.56%	$8.90	$8.90	-1.24%	571,127 77.57%	736,300
Most Recent Note for EGHT - 7/12/2013 12:46:16 PM Wedging to new 52-week highs with small gains lacking great volume conviction. Held its ground stubbornly and made limited progress since rising from a cup-with-handle base pattern when last noted in the 5/31/13 mid-day report with caution - "Prior earnings history has not been strong and steady, leaving some fundamental concerns. Low-priced stocks are discouraged from consideration under the fact-based investment system unless all key criteria are solidly satisfied."
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GPS - NYSE - RETAIL - Apparel Stores Gap Inc Del	$45.08	+0.32 0.71%	$45.37	$45.37	-0.64%	2,206,202 61.69%	3,576,300
Most Recent Note for GPS - 7/12/2013 12:49:25 PM Hitting new 52-week highs with today's 9th consecutive small gain. Found support above its 50 DMA line since last noted in the 6/07/13 mid-day report with caution - "Reported earnings +54% on +7% sales revenues for the Apr '13 quarter, a 4th consecutive quarter with earnings above the +25% minimum guideline (C criteria) but with sub par sales revenues increases. A downturn in FY '12 is a flaw in its annual earnings history (A criteria) so it is not a match with the investment system's guidelines."
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$76.67	+0.67 0.88%	$78.24	$78.24	-2.01%	783,881 59.02%	1,328,200
Most Recent Note for ILMN - 7/12/2013 12:54:09 PM Hit a new 52-week high today and it is perched within close striking distance of its all-time high of $79.40 hit in 2011. Reported earnings +28% on +21% sales for the Mar '13 quarter, but fundamental concerns remain. Found support above its 50 DMA line during its consolidation since last noted in the 4/24/13 mid-day report with caution - "Quarterly and annual earnings history (C and A criteria) remains a concern... Sales revenues and earnings growth slumped below guidelines after it was dropped from the Featured Stocks list on 6/17/09. It had just been featured in the May 2009 issue of CANSLIM.net News (read here)."
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$55.15	+0.01 0.02%	$55.85	$55.90	-1.34%	18,676,643 81.52%	22,911,300
Most Recent Note for JPM - 7/12/2013 12:59:37 PM Hovering near its 52-week highs. Found prompt support near its 50 DMA line and prior highs in the $51 area, however recent gains have lacked great volume conviction - action termed "wedging" while forming another base-on-base pattern. Prior mid-day reports cautioned - "Reported earnings +34% on -5% sales revenues for the Mar '13 quarter. Prior quarterly results were erratic and sales revenues growth has been sub par, indicating that there has been no great demand for new (N criteria) products or services. Earnings history is not a match with the fact-based investment system."
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JRN - NYSE - MEDIA - Publishing - Newspapers Journal Communications	$8.72	+0.16 1.87%	$8.96	$8.96	-2.68%	183,406 76.58%	239,500
Most Recent Note for JRN - 7/12/2013 1:01:08 PM Hitting yet another new 52-week high with today's 9th consecutive gain. Making steady progress after technically breaking out with volume-driven gains since clearing resistance in the $7.00 area. Prior mid-day reports cautioned - "Recent quarterly comparisons through Mar '13 showed strong earnings increases satisfying the C criteria. Its up and down annual earnings (A criteria) history 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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MDSO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Medidata Solutions Inc	$79.95	+0.12 0.15%	$80.23	$81.49	-1.89%	112,625 61.98%	181,700
Most Recent Note for MDSO - 7/12/2013 1:04:00 PM Hovering at its 52-week high, stubbornly holding its ground. Found support above its 50 DMA line during its consolidation and then rallied further since last noted in the 5/21/13 mid-day report with caution - "Fundamentals do not match the guidelines of the investment system. Reported earnings +59% on +26% sales revenues for the Mar '13 quarter. Prior quarterly and annual earnings (C and A criteria) growth has not been strong or steady."
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OPLK - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Oplink Communications	$19.61	+0.32 1.66%	$19.67	$19.96	-1.75%	43,156 62.91%	68,600
Most Recent Note for OPLK - 7/12/2013 1:06:54 PM Hitting a new 52-week high with today's considerable gain. Recent quarters through Mar '13 showed much better earnings increases but with sub par sales revenues growth in the 0-4% range 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.
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PDFS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software P D F Solutions Inc	$20.17	+0.69 3.54%	$20.20	$20.20	-0.15%	173,481 189.18%	91,700
Most Recent Note for PDFS - 7/12/2013 1:13:49 PM Gapped up today for another new 52-week high after a technical breakout on the prior session cleared an orderly base-on-base pattern. The Computer Software - Design industry group has a low 19 Group Relative Strength Rating, however strength from other individual issues is an encouraging sign concerning the L criteria. The 7/11/13 and prior mid-day reports noted - "No overhead supply remains to act as resistance. Reported earnings +38% on +17% sales revenues for the Mar '13 quarter. The 6 latest quarterly comparisons showed improved sales revenues growth and earnings increases above the +25% minimum guideline (C criteria), but its annual earnings (A criteria) history has not been strong and steady."
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PKG - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Packaging Cp Of America	$52.35	+0.66 1.28%	$52.66	$52.66	-0.59%	545,773 67.50%	808,600
Most Recent Note for PKG - 7/12/2013 1:17:38 PM Undercut its 50 DMA line on the prior session then managed a "positive reversal" and rallied to new 52-week highs, rising from an orderly flat base. It gapped up today after a strong finish. Prior mid-day reports cautioned - "Recently found support at its 50 DMA line. Reported earnings +48% on +12% sales for the Mar '13 quarter. Quarterly earnings increases have been above the +25% minimum guideline (C criteria) but backed by sub par sales revenues growth, and its annual earnings (A criteria) history is not a good match with the fact-based investment system."
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QCOR - NASDAQ - DRUGS - Biotechnology Questcor Pharmaceuticals	$49.47	+1.18 2.44%	$49.71	$53.85	-8.13%	1,219,659 57.69%	2,114,100
Most Recent Note for QCOR - 7/12/2013 1:25:08 PM Reported earnings +25% on +41% sales for the Mar '13 quarter, right at the minimum earnings guideline concerning the C criteria, showing worrisome deceleration in sequential sales revenues and earnings comparisons. Abruptly retreated and went through a very deep consolidation below its 200 DMA line then rebounded impressively since last noted in the 7/09/12 mid-day report when hitting a new 52-week high -"Getting more extended from prior highs. It 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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QDEL - NASDAQ - DRUGS - Diagnostic Substances Quidel Corp	$28.35	+0.16 0.57%	$28.39	$28.52	-0.60%	136,724 81.24%	168,300
Most Recent Note for QDEL - 7/12/2013 1:30:56 PM Perched at its 52-week high after overcoming some distributional pressure. Showed strong sales revenues and earning increases in the Dec '12 and Mar '13 quarters, but prior earnings history has been erratic. Undercut its 200 DMA line when consolidating and then rebounded and rallied for new highs since last noted in the 4/05/12 mid-day report with caution - "Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based system's guidelines."
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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$257.71	+9.84 3.97%	$261.65	$283.99	-9.25%	757,989 74.47%	1,017,900
Most Recent Note for REGN - 7/12/2013 1:36:38 PM Rebounding above its 50 DMA line with a streak of 4 consecutive gains. Powered further into new 52-week high territory with no overhead supply to act as resistance and then went through a deep consolidation since last noted in the 5/01/13 mid-day report with caution - "Earnings history is not a match with the investment system's fundamental guidelines."
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TXRH - NASDAQ - LEISURE - Restaurants Texas Roadhouse Inc	$25.28	-0.01 -0.04%	$25.49	$25.99	-2.73%	482,962 83.47%	578,600
Most Recent Note for TXRH - 7/12/2013 1:44:54 PM Churning above average volume this week while perched at its 52-week high, holding its ground stubbornly and still staying above its 50 DMA line. Prior mid-day reports cautioned - "The 3 latest quarterly comparisons through Mar '13 showed earnings increases below the +25%* minimum guideline (C criteria). Fundamental concerns remain..."*
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