Mid-Day Breakouts Report - Thursday, July 19th, 2012

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 19TH, 2012
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DOW 12919.37 10.67 (0.08%) | NASDAQ 2970.45 27.86 (0.95%) | S&P 500 1375.42 2.64 (0.19%)

Time of Screening : 7/19/2012 11:29:15 AM Report Released : 7/19/2012 12:16:25 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

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
AN - NYSE - SPECIALTY RETAIL - Auto Dealerships Autonation Inc	$42.79	+0.34 0.80%	$43.72	$43.72	-2.13%	407,895 57.78%	705,900
Most Recent Note for AN - 7/19/2012 11:34:03 AM Hitting a new 52-week high today with a 3rd consecutive gain. Recent quarterly comparisons showed improving sales revenues and earnings increases, but the Jun '12 quarter was the first earnings increase above the +25% guideline after 3 sub par quarters. Its annual earnings (A criteria) history included a downturn in FY '08, considered a flaw in its fundamentals under the fact-based investment system.
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AOS - NYSE - CONSUMER DURABLES - Electronic Equipment Smith A O Corp	$50.83	-1.26 -2.42%	$51.30	$52.90	-3.91%	354,037 80.37%	440,500
Most Recent Note for AOS - 7/19/2012 11:35:17 AM Pulling back today after hitting a new 52-week high on the prior session with a considerable volume-driven gain, distancing itself from prior resistance in the $49 area. Quarterly comparisons have shown good sales revenues growth and earnings increases above the +25% minimum guideline, but its annual earnings history (A criteria) has not been strong and steady.
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ASR - NYSE - TRANSPORTATION - Air Services, Other Grupo Aeroportuario Adr	$84.05	+4.58 5.76%	$84.88	$84.88	-0.98%	59,694 77.83%	76,700
Most Recent Note for ASR - 7/19/2012 11:36:18 AM Considerable gain today for a new 52-week high, its 5th consecutive gain. Went through a deep consolidation below its 50 DMA line then rebounded since noted in the 5/11/12 mid-day report - "Earnings and sales growth has not been strong and steady in past quarterly comparisons, and its up and down annual earnings history (A criteria) is below the investment system's guidelines."
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BRLI - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc Bio Reference Labs Inc	$26.37	-0.86 -3.16%	$27.25	$28.28	-6.75%	150,925 65.99%	228,700
Most Recent Note for BRLI - 7/19/2012 11:37:36 AM It has maintained a good annual earnings history (A criteria) and quarterly earnings increases were above the +25% minimum guideline in the 2 latest comparisons through Apr '12 while other comparisons were borderline or below the guideline. It rebounded from its 200 DMA to multi-year resistance in the $24-25 area and recently wedged into new high territory without great volume conviction behind its gains. It survived but failed to impress since dropped from the Featured Stocks list on 7/02/10.
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CTBI - NASDAQ - BANKING - Regional - Southeast Banks Community Trust Bancorp	$34.60	-0.33 -0.94%	$35.26	$35.26	-1.87%	27,203 62.82%	43,300
Most Recent Note for CTBI - 7/19/2012 11:39:12 AM Touched a new 52-week high today then reversed into the red. Lack of sales revenues growth indicates no great increase in demand for new products and services. Annual earnings (A criteria) history has been up and down.
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CVS - NYSE - RETAIL - Drug Stores C V S Caremark Corp	$46.18	-2.27 -4.68%	$47.13	$48.69	-5.16%	13,500,793 185.60%	7,274,100
Most Recent Note for CVS - 7/19/2012 11:40:42 AM Gapped down today, abruptly reversing from new 52-week and all-time highs after recently wedging to new high territory without great volume conviction behind a streak of consecutive small gains. Prior mid-day reports noted - "Fundamental (earnings growth) concerns still apply through its Mar '12 quarterly results after the Retail - Drug Store firm reported earnings +14% on +20% sales revenues versus the year ago period. It survived but failed to impress since long ago noted in the 5/06/08 mid-day report - 'Earnings growth below guidelines.'"
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$43.98	+3.52 8.70%	$44.44	$44.44	-1.04%	19,049,337 147.16%	12,945,000
Most Recent Note for EBAY - 7/19/2012 11:41:45 AM Gapped up today hitting a new 52-week high, rebounding from a pullback below its 50 DMA line. Stayed above prior highs in the $38 area while consolidating following a considerable gap up and volume-driven gain on 4/19/12 for new 52-week and multi-year highs. The 4/23/12 mid-day report noted - "No resistance remains due to overhead supply, however sub par fundamentals remain a concern. Earnings increases have been below the fact-based system's +25% minimum guideline in the past 8 quarterly comparisons versus the year ago period through Mar '12. Still growing since FY '09 marked the first downturn in its strong annual earnings history (the A criteria)."
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ESRX - NASDAQ - HEALTH SERVICES - Specialized Health Services Express Scripts Hldg Co	$58.69	+1.00 1.73%	$59.50	$59.50	-1.36%	6,728,367 117.56%	5,723,300
Most Recent Note for ESRX - 7/19/2012 11:44:04 AM Touched a new 52-week high today. Its total shares outstanding of 484.8 million makes it an unlikely sprinter. It has a great annual earnings history (A criteria) and no overhead supply to act as resistance. Quarterly earnings and sales revenues comparisons have not shown strong and steady +25% or greater increases versus the year ago periods, leaving fundamental concerns.
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HBNC - NASDAQ - BANKING - Regional - Northeast Banks Horizon Bancorp In	$27.50	+2.25 8.91%	$28.15	$28.15	-2.31%	13,791 59.70%	23,100
Most Recent Note for HBNC - 7/19/2012 11:46:05 AM Hit a new 52-week high today. Quarterly comparisons show earnings increases above the +25% guideline but sub par sales revenues growth and its up and down annual earnings (A criteria ) history are fundamental flaws.
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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Mellanox Technologies	$94.31	+27.93 42.08%	$95.55	$95.55	-1.30%	3,601,459 519.54%	693,200
Most Recent Note for MLNX - 7/19/2012 11:52:26 AM Huge gap up gain for a new high today came after reporting earnings +267% on +111% sales revenues for the quarter ended June 30, 2012 versus the year ago period. It found prompt support on the prior session after a violation of its 50 DMA line had triggered a technical sell signal. It did not form a sound new base pattern, and weak action had prompted it to be dropped from the Featured Stocks list on 7/17/12.
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NCR - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service N C R Corp	$24.56	+0.05 0.20%	$25.00	$25.00	-1.76%	1,138,700 81.52%	1,396,800
Most Recent Note for NCR - 7/19/2012 11:53:43 AM Hit another new 52-week high today with a 5th consecutive gain. Volume-driven gains included a recent gap up as it broke out from a cup-with-handle base pattern. Rebounded from a slump below its 50 DMA line since noted in the 4/20/12 mid-day report - "Reported earnings +42% on +18% sales revenues for the quarter ended March 31, 2012 versus the year ago period, improving from sub par earnings increases in the 2 prior quarterly comparisons (Sep and Dec '11). Annual earnings (A criteria) history included a downturn in FY '09 and earnings have been up and down."
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$22.19	+2.53 12.87%	$22.45	$22.49	-1.33%	235,059 94.17%	249,600
Most Recent Note for NTCT - 7/19/2012 11:56:34 AM Challenging its 52-week high today with a considerable volume-driven gain after gapping up from support at its 200 DMA line. Reported earnings +46% on +21% sales revenues for the quarter ended June 30, 2012 versus the year ago period, its 2nd consecutive quarter with earnings above the +25% minimum guideline after 3 sub par comparisons. It encountered stubborn resistance in the $22 area in recent months. Prior mid-day reports noted - "Quarterly sales revenues and earnings are below the investment system guidelines. Based on weak action it was dropped from the Featured Stocks list on 9/15/08, soon after featured in the September 2008 issue of CANSLIM.net News (see here). First featured in the August '07 CANSLIM.net News (read here)."
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PTP - NYSE - INSURANCE - Property & Casualty Insurance Platinum Underwriters	$40.06	+0.94 2.40%	$40.21	$40.21	-0.37%	129,245 60.28%	214,400
Most Recent Note for PTP - 7/19/2012 11:58:07 AM Hit a new 52-week high today but it still faces some overhead supply up through the $45 area. Earnings history is not a match with the fact-based system's guidelines.
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SHW - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Sherwin-Williams Co	$125.09	-2.56 -2.01%	$128.53	$133.97	-6.63%	1,823,968 123.83%	1,473,000
Most Recent Note for SHW - 7/19/2012 12:00:31 PM Trading under its 50 DMA line today after enduring distributional pressure. During a recent consolidation it found support above its 50 DMA line. Earnings increases were above the +25% minimum guideline in the 2 last quarterly comparisons through Jun '12. Prior mid-day reports noted - "Quarterly and annual earnings (C and A criteria) increases have not been strong and steady enough to meet the guidelines."
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SSYS - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Stratasys Ltd	$57.26	-1.31 -2.24%	$58.87	$58.87	-2.73%	259,936 72.22%	359,900
Most Recent Note for SSYS - 7/19/2012 12:01:14 PM Pulling back today following a considerable volume-driven gain for a new 52-week high on the prior session, rebounding from below its 50 DMA line with a streak of 4 consecutive gains. Prior mid-day reports noted - "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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SWKS - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Skyworks Solutions Inc	$29.00	+2.36 8.86%	$29.75	$29.75	-2.52%	8,226,599 202.45%	4,063,500
Most Recent Note for SWKS - 7/19/2012 12:07:41 PM Hit a new 52-week high today after gapping up. Reported earnings -8% on +9% sales revenues for the quarter ended June 30, 2012 versus the year ago period, its 3rd consecutive quarter with earnings below the +25% minimum guideline. There is no overhead supply to hinder its progress.
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SYNT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Syntel Inc	$59.11	+0.53 0.90%	$64.63	$64.63	-8.54%	150,356 155.97%	96,400
Most Recent Note for SYNT - 7/19/2012 12:11:30 PM Off earlier highs after touching a new 52-week high today. Reported earnings +58% on +14% sales revenues for the quarter ended June 30, 2012 versus the year ago period. That marks 3 consecutive quarters satisfying the C criteria. Its slight downturn in earnings in FY '10 is a minor flaw concerning the A criteria.
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UNP - NYSE - TRANSPORTATION - Railroads Union Pacific Corp	$121.97	+3.37 2.84%	$123.35	$123.35	-1.12%	2,338,589 90.36%	2,588,200
Most Recent Note for UNP - 7/19/2012 12:12:24 PM Hitting new 52-week and all-time highs today with no resistance remaining due to overhead supply. Reported earnings +32% on +7% sales revenues for the quarter ended June 30, 2012 versus the year ago period, marking a 3rd consecutive quarter with earnings above the +25% minimum guideline. This Transportation - Rail firm's prior quarterly comparisons showed earnings increases below the +25% guideline and its annual earnings (A criteria) history had a downturn in FY '09.
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UTEK - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Ultratech Inc	$31.58	+0.81 2.63%	$32.04	$33.33	-5.25%	160,656 95.63%	168,000
Most Recent Note for UTEK - 7/19/2012 12:14:30 PM Rallying near its 52-week high today, rebounding from a slump below its 50 DMA line. Reported earnings +14% on +10% sales revenues for the quarter ended June 30, 2012. It has been consolidating in an orderly fashion, building a new flat base pattern. It was noted in the 4/20/12 mid-day report after breaking out of a sound base pattern and clearing prior highs in the $30 area with a volume-driven gain - "Faces limited resistance due to overhead supply while now challenging its 52-week high. Quarterly comparisons through Mar '12 show sales revenues and earnings increases decelerating, and its prior history included a drastic downturn in FY '09 which is a flaw concerning the A criteria of the fact-based system."
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VASC - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Vascular Solutions	$13.09	+0.06 0.46%	$13.35	$13.75	-4.80%	29,390 60.35%	48,700
Most Recent Note for VASC - 7/19/2012 12:15:25 PM Pulling back today after volume-driven gains challenging its 52-week and multi-year highs. Fundamentals are still not a match with the fact-based investment system's guidelines. Survived but failed to impress since noted in the 8/08/11 mid-day report - "Gapped down today, pulling back from its 52-week high hit last week. Annual earnings (A criteria) history has been good. The 2 latest quarterly comparisons versus the year ago period showed sales revenues increases in the +14-17% range with earnings per share increases in the +25-44% range. Ownership by top-rated funds fell from 124 in Dec '10 to 116 in Jun '11, whereas increasing institutional interest (I criteria) is clearly desired."
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WNR - NYSE - ENERGY - Oil & Gas Refining & Marketing Western Refining Inc	$24.07	-0.02 -0.08%	$24.69	$25.76	-6.56%	1,428,321 67.06%	2,130,000
Most Recent Note for WNR - 7/19/2012 12:16:10 PM Hovering near its 52-week high today. Prior mid-day reports noted - "Earnings history has shown improvement in recent quarterly comparisons, but its annual earnings (A criteria) has been below the guidelines of the fact-based system."
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