Mid-Day Breakouts Report - Wednesday, July 13th, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 13TH, 2011
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DOW 12594.43 147.55 (1.19%) | NASDAQ 2817.48 35.57 (1.28%) | S&P 500 1329.71 16.07 (1.22%)

Time of Screening : 7/13/2011 12:04:48 PM Report Released : 7/13/2011 1:22:02 PM
Price is: Above 52W High and Less Than 52W High but within 10% of the 52 Week High
Volume Is: At least 75% 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
PRGO - NYSE Perrigo Co Plc	$92.89	+2.42 2.67%	$93.70	520,260 102.39% of 50 DAV 50 DAV is 508,100	$93.70 -0.86%	7/13/2011	$92.89	PP = $92.40 MB = $97.02
Most Recent Note - 7/13/2011 1:08:54 PM Y - Hit a new 52-week high today after a small gap up, rising from an orderly saucer shaped 11-week base with a shorter than 1-week handle. Color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. A strong volume-driven gain and close above its pivot may trigger a technical buy signal, however it is considered a riskier late-stage setup. Last noted in the 5/03/11 mid-day report - "Disciplined investors may watch for secondary buy points to possibly develop and be noted. Found support at its 50 DMA line, and made steady progress following its 1/20/11 breakaway gap'. Found support near its 200 DMA line since noted on 11/09/10 when it was dropped from the Featured Stocks list - 'Reported its smallest percentage earnings increase in 5 quarters, after +73%, +56%, +52%, +42%, in the Sept '09, Dec '09, Mar '10, and Jun '10 quarters respectively versus the year ago periods, its earnings were up just +23% for the latest quarter ended September 30, 2010.'" >>> The latest Featured Stock Update with an annotated graph appeared on 11/9/2010. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Allot Communications Ltd	$18.05	+0.56 3.18%	$18.60	$18.74	-3.70%	216,635 114.08%	189,900
Most Recent Note for ALLT - 7/13/2011 12:09:44 PM Challenging its 52-week high today after holding its ground since its considerable 6/28/11 breakout gain with above average volume. Its choppy consolidation prior to the breakout included slumps well below its 50 DMA line. No overhead supply remains to act as resistance. It has rallied nearly 14-fold in price from its March '09 low. Recent quarters showed sales revenues and earnings improving, however it was noted in prior mid-day reports - "This low-priced Israeli Computer - Networking firm does not have a good annual earnings history (A criteria)."
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CRS - NYSE - METALS & MINING - Steel & Iron Carpenter Technology	$56.40	+0.25 0.45%	$56.85	$59.04	-4.47%	417,215 77.41%	539,000
Most Recent Note for CRS - 7/13/2011 12:14:18 PM Since last noted in the 6/21/11 mid-day report after it announced a definitive merger agreement on 6/20/11 with Latrobe Specialty Metals Inc it priced a Debt Offering and rallied to new 52-week highs. It is now consolidating. It built an orderly base-on-base pattern since a "breakaway gap" on 4/26/11. Prior mid-day reports noted - "Downturn in FY '09 and FY '10 earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines."
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$40.76	+1.55 3.95%	$40.85	$42.97	-5.14%	1,593,897 91.33%	1,745,300
Most Recent Note for DKS - 7/13/2011 12:18:12 PM Found support near its 200 DMA line during its recent consolidation. Last noted in the 5/11/11 mid-day report as it wedged to a new all-time high - "It has earned high ranks, but its annual earnings (A criteria) history has been below guidelines and sales revenues increases have not been especially strong."
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ESL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Esterline Technologies	$78.67	-2.72 -3.34%	$81.02	$82.28	-4.39%	445,368 248.12%	179,500
Most Recent Note for ESL - 7/13/2011 12:25:18 PM Churning heavy volume for a 3rd consecutive session without making meaningful price progress, a sign it is encountering distributional pressure. It recently wedged to new 52-week highs without great volume conviction, and 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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FC - NYSE - CONSUMER NON-DURABLES - Office Supplies Franklin Covey Company	$11.46	+0.06 0.53%	$11.60	$11.60	-1.21%	31,397 88.44%	35,500
Most Recent Note for FC - 7/13/2011 12:26:53 PM Perched at 52-week and all-time highs following a spurt of volume-driven gains. It stubbornly held its ground, extended from prior chart highs since last noted in the 7/07/11 mid-day report - "Recent quarterly comparisons show sales revenues and earnings improving, but its annual earnings (A criteria) history has not been strong and steady."
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GSM - NASDAQ - METALS & MINING - Steel & Iron Globe Specialty Metals	$25.12	+1.52 6.44%	$25.67	$25.67	-2.14%	891,284 113.84%	782,900
Most Recent Note for GSM - 7/13/2011 12:33:09 PM Gapped up today and volume is running at an above average pace while hitting new 52-week and all-time highs. Technically, it is rising from an orderly cup-with handle type base pattern, trading above prior stubborn resistance in the $24 area. The number of top-rated funds (the I criteria) owning its shares fell from 241 in Dec '10 to 226 in Mar '11, but the numbers had previously been on the rise. The 7/05/11 mid-day report noted - "Found support near prior lows in the $20 area and stayed well above its 200 DMA line during its orderly consolidation since reaching its all-time high in April. Recent quarterly comparisons showed greatly improved sales revenues and earnings but its annual earnings history (A criteria) has not been showing steady strong growth."
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MAA - NYSE - REAL ESTATE - REIT - Diversified/Industrial Mid America Apt Cmmntys	$70.52	+0.32 0.45%	$70.70	$71.90	-1.92%	217,938 79.74%	273,300
Most Recent Note for MAA - 7/13/2011 12:42:11 PM Hovering at its all-time high following a recent streak of 10 consecutive gains. This REIT has a history of slow steady earnings.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$298.81	+7.54 2.59%	$304.79	$304.79	-1.96%	4,008,192 92.17%	4,348,600
Most Recent Note for NFLX - 7/13/2011 12:54:24 PM This well-known online movie services firm gapped up for a small gain and another new all-time highs today. It is extended from any sound base yet could rally for more climactic gains. It rallied 8-fold since first featured in yellow at $37.13 in the 1/29/09 mid-day report (read here). It has maintained high ranks and its earnings history satisfies the C and A criteria, however recent mid-day reports have noted - "Choppy action has made it challenging to make a proper entry since NFLX was previously dropped from the Featured Stocks page on 3/03/11, yet it has made impressive progress."
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NGD - AMEX - METALS & MINING - Gold New Gold Inc	$11.39	+0.66 6.15%	$11.44	$11.95	-4.69%	3,453,716 106.05%	3,256,700
Most Recent Note for NGD - 7/13/2011 12:56:59 PM Small gap up today, rallying within -5% of challenging its 52-week high with little resistance remaining due to overhead supply. Found support near its 200 DMA during its consolidation since last noted in the 3/21/11 mid-day report - "Recent quarterly comparisons show sales revenues and earnings increases but its up and down annual earnings (A criteria) history leaves fundamental concerns."
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OZRK - NASDAQ - BANKING - Regional - Southeast Banks Bank Of The Ozarks Inc	$53.14	+1.16 2.23%	$53.31	$55.42	-4.11%	68,062 75.54%	90,100
Most Recent Note for OZRK - 7/13/2011 1:00:11 PM Consolidating since its negative reversal on 7/07/11 after hitting a new 52-week high. It had steadily inched higher since the 6/17/11 mid-day report noted- "Annual earnings (A criteria) has been mostly slow and steady. Recent quarterly comparisons showed better than +25%* earnings increases while sales revenues growth was not strong and consistent."*
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SHOO - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Steven Madden Limited	$40.41	+0.16 0.39%	$40.53	$58.01	-30.35%	332,963 92.85%	358,600
Most Recent Note for SHOO - 7/13/2011 1:11:27 PM Still perched near its 52-week high today, clear of all resistance. Found support after undercutting its 50 DMA line while consolidating since 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	$26.81	+0.49 1.86%	$26.92	$27.00	-0.70%	155,669 92.77%	167,800
Most Recent Note for TCBI - 7/13/2011 1:15:55 PM Challenging its 52-week high today after an orderly 14-week saucer shaped base. Prior mid-day reports noted - "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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TNAV - NASDAQ - TELECOMMUNICATIONS - Wireless Communications Telenav Inc	$20.65	+0.82 4.11%	$21.50	$21.50	-3.98%	276,347 76.40%	361,700
Most Recent Note for TNAV - 7/13/2011 1:19:46 PM Hitting another new 52-week high today, it is extended from any sound base pattern after a recent spurt of volume-driven gains. Found support well above its 50 DMA line during its consolidation from a prior high which it hit when noted in the 6/06/11 mid-day report - "No resistance remains due to overhead supply after its 5/13/10 IPO and choppy history. Reported earnings +42% on +27% sales revenues for the quarter ended March 31, 2011 versus the year ago period, satisfying the C criteria with 3 consecutive quarters of earnings increases above the +25% guideline. The lack of leadership (L criteria) in the Telecom Services - Wireless and its lack of a strong annual earnings (A criteria) history are concerns."
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WWW - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear Wolverine World Wide Inc	$39.42	-0.32 -0.79%	$40.86	$43.36	-9.10%	910,191 267.86%	339,800
Most Recent Note for WWW - 7/13/2011 1:21:39 PM Found prompt support after a damaging gap down on the prior session, rebounding back to close above its 50 DMA line. Prior mid-day reports noted - "Sales revenues and earnings history is below the guidelines of the fact-based system."
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