Mid-Day Breakouts Report - Friday, July 19th, 2013

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 19TH, 2013
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DOW 15518.17 -30.37 (-0.20%) | NASDAQ 3580.63 -30.65 (-0.85%) | S&P 500 1687.88 -1.49 (-0.09%)

Time of Screening : 7/19/2013 12:23:10 PM Report Released : 7/19/2013 1:10:45 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

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
ATHN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Athenahealth Inc	$109.30	-5.71 -4.96%	$113.57	$116.18	-5.92%	1,290,765 272.08%	474,400
Most Recent Note for ATHN - 7/19/2013 12:28:02 PM Pulling back from its 52-week high with a gap down today after reporting a loss of 8 cents per share versus earnings of 24 cents per share on +41% sales for the quarter ended June 30 versus the year ago period. Following a 7/12/13 "breakaway gap" and considerable volume-driven gains the 7/16/13 mid-day report cautioned - "Reported earnings +124% on +30% sales for the Mar '13 quarter. Quarterly earnings growth has been erratic, not strong and steady enough to meet the guidelines for the C criteria of the fact-based investment system."
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BERY - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Berry Plastics Group Inc	$23.34	-0.65 -2.71%	$23.83	$24.27	-3.83%	683,596 94.02%	727,100
Most Recent Note for BERY - 7/19/2013 12:29:33 PM Gapped down today. On the prior session it rebounded toward its 52-week high from below its 50 DMA line after pricing yet another Secondary Offering. Fundamental concerns remain. Completed a Secondary Offering on 4/19/13 and then rallied to new 52-week highs since noted in the 3/13/13 mid-day report with caution - "There was a 'negative reversal' at its 52-week high on 2/20/13 and it is extended from any sound base. Limited history is a concern. It has rallied since its $16* IPO on 10/04/13"*
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EFII - NASDAQ - WHOLESALE - Computers Wholesale Electronics For Imaging	$30.06	-0.31 -1.00%	$31.57	$31.57	-4.80%	208,084 87.47%	237,900
Most Recent Note for EFII - 7/19/2013 12:33:56 PM Volume is running at an above average pace today after gapping up for a new 52-week high then reversing into the red. Reported earnings +27% on +10% sales revenues for the Jun '13 quarter but fundamental concerns remain. Quarterly earnings and sales revenues showed sub par increases in quarterly comparisons through Mar '13. Its annual earnings (A criteria) history included a loss in FY '09. It survived but failed to impress since noted in the 5/05/11 mid-day report with caution - "Fundamentally, earnings have not been strong and steady enough to meet the fact-based investment system guidelines."
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$899.11	-11.57 -1.27%	$902.95	$928.00	-3.11%	4,686,276 205.13%	2,284,500
Most Recent Note for GOOG - 7/19/2013 12:35:59 PM Gapped down today testing support near its 50 DMA line after reporting earnings -6% on +19% sales revenues for the Jun '13 quarter. Last noted with caution in the 6/20/13 mid-day report - "Reported earnings +15% on +31% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Quarterly earnings increases have been below the +25% minimum earnings guideline leaving fundamental concerns (C criteria). It survived but failed to impress since dropped from the Featured Stocks list on 1/16/08."
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IGT - NYSE - ELECTRONICS - Diversified Electronics Intl Game Technology	$18.93	-1.24 -6.15%	$19.79	$20.25	-6.52%	3,184,165 93.70%	3,398,400
Most Recent Note for IGT - 7/19/2013 12:44:52 PM Gapped down today, abruptly retreating from the new 52-week high hit on the prior session following a streak of volume-driven gains. Reported earnings +33% on +11% sales for the Mar '13 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) makes it not a match with the fact-based investment system.
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IRG - NASDAQ - LEISURE - Restaurants Ignite Restaurant Group	$19.26	-0.46 -2.31%	$19.81	$21.28	-9.52%	61,226 83.99%	72,900
Most Recent Note for IRG - 7/19/2013 12:46:24 PM Testing support at its 50 DMA line with today's 6th consecutive loss. It remains perched near its 52-week high with no resistance remaining due to overhead supply, however prior mid-day reports cautioned - "This Retail - Restaurant firm's earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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LION - NASDAQ - BANKING - Savings & Loans Fidelity Southern Corp	$14.49	+0.55 3.95%	$14.79	$14.79	-2.03%	107,515 134.73%	79,800
Most Recent Note for LION - 7/19/2013 12:48:55 PM Hitting a new 52-week high with today's volume-driven gain. Found support near its 50 DMA line since completing a Public Offering on 6/05/13. Reported earnings +38% on +27% sales revenues for the Jun '13 quarter. Prior mid-day reports cautioned - "Quarterly earnings increases through the Mar '13 period have been above the +25% minimum guideline (C criteria), but its erratic annual earnings (A criteria) history is not a match with the fact-based investment system guidelines."
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NXPI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Nxp Semiconductors N V	$32.89	-0.20 -0.60%	$32.98	$33.94	-3.09%	2,222,674 96.55%	2,302,100
Most Recent Note for NXPI - 7/19/2013 12:55:33 PM Consolidating after recently wedging to a new 52-week high with gains lacking volume conviction. No overhead supply remains to act as resistance. Completed Secondary Offerings on 2/04/13 and 3/08/13 and then went through a deep consolidation undercutting its 200 DMA line before rebounding. Quarterly and annual earnings (C and A criteria) have not shown strong steady growth and are below the investment system guidelines.
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OSTK - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Overstock.com Inc	$32.87	-2.10 -6.01%	$35.50	$35.60	-7.67%	543,192 125.19%	433,900
Most Recent Note for OSTK - 7/19/2013 12:57:53 PM Retreating from its 52-week high today following a considerable gap up and volume-driven gain on the prior session. The 7/18/13 mid-day report cautioned - "Reported earnings of 15 cents per share versus 2 cents per share (up +650%) on +22% sales revenues for the June '13 quarter. Held its ground stubbornly at its 50 DMA line again since last noted in the 7/01/13 mid-day report. Made great progress after a streak of consecutive gains starting with considerable gap up gains 4/18/13 and 4/19/13 backed by very heavy volume. It may be an interesting turnaround story, however its erratic annual earnings history (A criteria) is not a match with the fact-based investment system's guidelines."
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PLUS - NASDAQ - FINANCIAL SERVICES - Credit Services Eplus Inc	$62.98	-0.54 -0.85%	$63.50	$66.99	-5.99%	21,478 82.29%	26,100
Most Recent Note for PLUS - 7/19/2013 1:01:28 PM Consolidating in a tight range near its 52-week and all-time highs, extended from prior highs in the $49 area. Prior mid-day reports cautioned - "Earnings history is not a good match with the fact-based system's guidelines (C criteria) after a sub par Dec '12 quarter. Lackluster +8% sales revenues increases in the 2 latest comparisons hints that there is no great demand for new (N criteria) products or services coupled with the stock's rise to new highs."
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REV - NYSE - CONSUMER NON-DURABLES - Personal Products Revlon Inc	$24.33	-0.04 -0.16%	$24.35	$25.24	-3.61%	42,714 79.25%	53,900
Most Recent Note for REV - 7/19/2013 1:04:02 PM Volume totals have been cooling while holding its ground near its 52-week high. Prior mid-day reports cautioned - "Sales and earnings history has not been strong and steady enough to meet the investment system guidelines."
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RGA - NYSE - INSURANCE - Life Insurance Reinsurance Grp Of Amer	$66.93	-6.37 -8.69%	$67.85	$73.32	-8.72%	1,234,447 249.89%	494,000
Most Recent Note for RGA - 7/19/2013 1:05:27 PM Considerable gap down today testing its 50 DMA line after reporting a big loss versus earnings in the year ago period ended June 30.
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RUTH - NASDAQ - LEISURE - Restaurants Ruths Hospitality Group	$12.52	-0.61 -4.65%	$12.53	$13.76	-9.02%	320,697 118.73%	270,100
Most Recent Note for RUTH - 7/19/2013 1:07:05 PM Gapped down today again testing support at its 50 DMA line. Prior mid-day reports cautioned - "Reported earnings +67% on +7% sales revenues for the Mar '13 quarter. Sub par sales revenues growth and annual earnings (A criteria) history were previously noted as concerns. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied."
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SQI - NASDAQ - INTERNET - Internet Software & Services Sciquest Inc	$25.01	+0.01 0.04%	$25.17	$26.00	-3.81%	103,374 106.35%	97,200
Most Recent Note for SQI - 7/19/2013 1:07:44 PM Undercut its 50 DMA line and then rebounded near its 52-week high since noted in the 5/28/13 mid-day report with caution - "Quarterly comparison in Mar '13 showed +60%* earnings on +43% sales revenues. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."*
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UEIC - NASDAQ - CONSUMER DURABLES - Electronic Equipment Universal Electronics	$30.06	-0.17 -0.56%	$30.23	$32.40	-7.22%	80,608 110.88%	72,700
Most Recent Note for UEIC - 7/19/2013 1:10:34 PM Holding its ground stubbornly near its 52-week high. Made gradual progress to multi-year highs since last noted in the 5/28/13 mid-day report with caution - "Hitting a new 52-week high but it faces additional resistance up through the $30 level. Reported earnings +37% on +11% sales revenues for the Mar '13 quarter. Prior quarterly comparisons were sub par, not a match with the fact-based investment system's guidelines (C criteria)."
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