Mid-Day Breakouts Report - Thursday, July 21st, 2011

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 21ST, 2011
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DOW 12739.06 167.15 (1.33%) | NASDAQ 2837.16 22.93 (0.81%) | S&P 500 1345.45 19.61 (1.48%)

Time of Screening : 7/21/2011 12:01:07 PM Report Released : 7/21/2011 1:48:49 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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
FCFS - NASDAQ FirstCash Holdings Inc	$43.09	+1.43 3.43%	$43.22	123,987 65.64% of 50 DAV 50 DAV is 188,900	$44.84 -3.90%	5/31/2011	$42.00	PP = $40.23 MB = $42.24
Most Recent Note - 7/21/2011 12:30:02 PM G - Small gap up today, rallying above its "max buy" level and its color code was changed to green. Reported earnings +45% on +27% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Prior highs in the $40-42 area define initial support areas to watch along with its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/18/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$386.63	-0.22 -0.06%	$390.06	$396.27	-2.43%	10,783,561 72.34%	14,907,700
Most Recent Note for AAPL - 7/21/2011 12:02:12 PM Holding its ground today after a gap up on the prior session for yet another new all-time high after reporting very strong earnings +122% on +82% sales revenues for the quarter ended June 30, 2011 versus the year ago period. With the second largest market cap of all publicly traded firms, AAPL does not fit the mold of a small growth firm unknown by the institutional crowd. It has a stellar earnings track record that solidly satisfies the C and A criteria. After its last appearance on 8/09/10 in the Featured Stock Update section (with detailed notes and an annotated graph) it was noted in multiple mid-day reports through 2010 as it rallied to new all-time highs, and it was also noted a handful of times earlier this year.
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ADS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Alliance Data Sys Corp	$95.90	-3.53 -3.55%	$100.00	$100.00	-4.10%	782,844 99.16%	789,500
Most Recent Note for ADS - 7/21/2011 12:05:21 PM Pulling back today from its 52-week and all-time high following 2 considerable volume-driven gains. The 7/19/11 mid-day report noted - "It has a good annual earnings (A criteria) history. Only one of its past 3 quarterly comparisons through Mar '11 showed an earnings per share increase greater than the +25% minimum increase expected under the investment system's guidelines."
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AVD - NYSE - CHEMICALS - Agricultural Chemicals American Vanguard Corp	$13.91	+0.20 1.46%	$14.18	$14.25	-2.39%	179,310 88.24%	203,200
Most Recent Note for AVD - 7/21/2011 12:10:10 PM Hovering near its 52-week high today with no resistance remaining due to overhead supply. Stubbornly held its ground forming a base on base type pattern following its 6/23/11 technical breakout. Prior mid-day reports repeatedly noted - "Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons after a downturn and loss in FY '09. Erratic earnings history makes it, fundamentally, below the investment system guidelines."
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CBI - NYSE - MATERIALS & CONSTRUCTION - General Contractors Chicago Bridge & Iron Co	$41.21	+0.38 0.94%	$41.58	$42.49	-3.01%	694,383 61.50%	1,129,000
Most Recent Note for CBI - 7/21/2011 12:12:07 PM Approaching its 52-week high, it found support near its 200 DMA line during its consolidation since last noted in the 4/27/11 mid-day report - "Sales revenues and earnings history are below the investment system's guidelines."
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CSH - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Cash America Intl Inc	$57.17	+1.03 1.83%	$59.45	$59.74	-4.30%	219,716 77.91%	282,000
Most Recent Note for CSH - 7/21/2011 12:21:02 PM Rallying near its all-time high today, extended from any sound base. Reported earnings +28% on +14% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Earnings increases have been strong on an annual basis (A criteria), however quarterly comparisons through Mar '11 had sales revenues and earnings increases below the fact-based investment system's guidelines.
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CTRX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Catamaran Corp	$62.66	+1.09 1.77%	$66.40	$66.40	-5.63%	534,092 167.95%	318,000
Most Recent Note for CTRX - 7/21/2011 1:38:39 PM Gapped up and hit another new 52-week and all-time high today amid strength in medical services stocks after news of a merger between Medco Health Solutions Inc. (MHS) and Express Scripts (ESRX). Found support near prior highs during its consolidation since last noted in the 7/06/11 mid-day report - "Extended from a sound base, yet it faces no resistance due to overhead supply. Ownership by top-rated funds has been increasing, rising from 453 in Jun '10 to 579 in Mar '11, a reassuring sign concerning the I criteria. Reported earnings +27% on +143% sales revenues for the quarter ended March 31, 2011 versus the year ago period. The 3 prior quarterly comparisons showed earnings increases below the +25% guideline."
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DTLK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Datalink Corporation	$9.07	+1.16 14.61%	$9.73	$9.73	-6.83%	1,412,711 1,048.78%	134,700
Most Recent Note for DTLK - 7/21/2011 12:25:03 PM Considerable breakaway gap today for a new 52-week high after reporting earnings +217% on +26% sales revenues for the quarter ended June 30, 2011 versus the year ago period. Its annual earnings (A criteria) growth has not been strong and steady, with a downturn in FY '09 earnings a flaw making it fundamentally below guidelines of the fact-based investment system.
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DV - NYSE - Computer Sftwr-Spec Enterprs DoubleVerify	$64.92	-1.63 -2.45%	$66.85	$66.85	-2.89%	509,481 70.09%	726,900
Most Recent Note for DV - 7/21/2011 12:26:26 PM Strength in education-related stocks is a nice reassurance concerning the L criteria. Pulling back today after gains with above average volume this week helped it rally further above prior resistance. The 7/20/11 mid-day report noted - "Decelerating quarterly sales revenues and earnings growth is a cause for concern, especially with the Mar '11 period's increases shy of the +25% guideline and continuing a sequential series of weaker quarterly comparisons."
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$33.82	+0.64 1.93%	$34.99	$35.35	-4.33%	13,363,534 100.93%	13,240,800
Most Recent Note for EBAY - 7/21/2011 12:27:38 PM Gapped up today, challenging its 52-week high. It has been recovering from a slump under its 200 DMA line occurring since noted in the 5/10/11 mid-day report - "Sales revenues and earnings have shown increases below the fact-based system guidelines in quarterly comparisons versus the year ago period. Its FY '09 marked the first downturn in its strong annual earnings history (the A criteria). Perched within close striking distance of its 52-week high."
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FC - NYSE - CONSUMER NON-DURABLES - Office Supplies Franklin Covey Company	$11.90	+0.12 1.02%	$12.15	$12.15	-2.06%	27,129 70.83%	38,300
Most Recent Note for FC - 7/21/2011 12:29:31 PM Touched another new 52-week and all-time highs today. Following a spurt of volume-driven gains it stubbornly holding its ground, extended from prior chart highs. Prior mid-day reports noted - "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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FMC - NYSE - Chemicals-Agricultural F M C Corp	$91.79	+2.64 2.96%	$92.15	$92.15	-0.39%	597,398 105.55%	566,000
Most Recent Note for FMC - 7/21/2011 12:33:08 PM Rallying from a cup-with-handle type base to a new all-time high after gapping up today. Annual earnings history (A criteria) includes a downturn in FY '09 and through Mar '11 its quarterly sales revenues and earnings increases have been less than stellar. Last noted in the 12/02/10 mid-day report - "Sales revenues growth rate has been unimpressive."
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GSM - NASDAQ - METALS & MINING - Steel & Iron Globe Specialty Metals	$24.65	+0.26 1.07%	$25.00	$25.67	-3.97%	550,927 65.59%	840,000
Most Recent Note for GSM - 7/21/2011 12:34:47 PM Churned above average volume while not making meaningful price progress, a sign of distributional pressure, yet stubbornly holding its ground since its 7/13/11 gap up and volume-driven gain for new 52-week and all-time highs. Technically, it formed an orderly cup-with handle type base pattern and it has been trading just above prior stubborn resistance in the $24 area. The number of top-rated funds (the I criteria) owning its shares fell from 242 in Dec '10 to 228 in Mar '11, but the numbers had previously been on the rise. Prior mid-day reports 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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HAL - NYSE - ENERGY - Oil & Gas Equipment & Services Halliburton Company	$56.61	+1.34 2.42%	$57.00	$57.00	-0.68%	8,299,595 70.42%	11,786,600
Most Recent Note for HAL - 7/21/2011 12:39:05 PM Hitting a new 52-week and reach a new all-time high today. Holding its ground and rising since it broke out above prior resistance in the $51 area. Recent quarters showed much better sales and earnings increases versus the year earlier. A downturn in FY '09 earnings is a flaw (A criteria), so it is fundamentally below guidelines of the fact-based investment system.
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HURC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Hurco Companies Inc	$34.54	-0.09 -0.26%	$34.97	$34.97	-1.23%	44,706 88.88%	50,300
Most Recent Note for HURC - 7/21/2011 12:43:51 PM Touched a new 52-week high today. Held its ground near prior highs and above its 50 DMA line during its consolidation since last noted in the 7/05/11 mid-day report - "Earnings history has not been a good match with the fact-based investment system's winning models."
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HXL - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Hexcel Corp	$24.01	+0.18 0.76%	$24.39	$24.39	-1.56%	570,782 73.48%	776,800
Most Recent Note for HXL - 7/21/2011 12:47:15 PM Hitting another new 52-week high today, getting more extended. Ever-increasing volume was behind 4 consecutive gains since finding support near prior resistance in the $22 area while consolidating following an earlier streak of gains for new highs. Prior mid-day reports noted - "Recent quarterly comparisons show strong earnings increases and sales revenues growth accelerating, but its annual earnings (A criteria) history has been up and down and below the fact-based investment system's guidelines."
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$407.72	+10.25 2.58%	$409.46	$409.76	-0.50%	284,663 95.62%	297,700
Most Recent Note for ISRG - 7/21/2011 1:04:26 PM Rallying further today after a considerable "breakaway gap" on the prior session for a new all-time high, quickly getting extended from prior highs. Reported earnings +33% on +21% sales revenues for the quarter ended June 30, 2011 versus the year ago period, improving from slightly sub par increases of +22% earnings on +18% sales revenues for the Mar '11 quarter. Small supply (S criteria) of only 39.3 million shares can lead to greater volatility. Based on weak action it was dropped from the Featured Stocks list on 5/07/10 and went through a long deep consolidation.
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KSU - NYSE - TRANSPORTATION - Railroads Kansas City Southern	$61.02	+1.96 3.32%	$61.50	$62.78	-2.80%	897,308 96.32%	931,600
Most Recent Note for KSU - 7/21/2011 1:10:14 PM Found support near its 50 DMA line this week and now rallying back toward its 52-week and all-time highs with more volume-driven gains. Prior mid-day reports noted - "Reported earnings +32% on +12% sales revenues for the quarter ended March 31, 2011 versus the year ago period. Its annual earnings history (A criteria) is marred by a terrible downturn in FY '09."
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MNRO - NASDAQ - RETAIL - Auto Parts and Sercices Monro Muffler Brake	$37.52	+0.47 1.27%	$37.74	$38.48	-2.49%	206,221 73.44%	280,800
Most Recent Note for MNRO - 7/21/2011 1:16:19 PM Wide intra-day range today after reporting earnings +14% on +4% sales revenues for the quarter ended June 30, 2011 versus the year ago period, not a good match, fundamentally, with the investment system's winning models. Perched at its all-time high, rebounding promptly following a gap down today. The 7/06/11 mid-day report noted - "It went through a long consolidation and traded below its 200 DMA line in the interim since last noted in the 10/15/10 mid-day report - 'Not near a sound base, yet no resistance remains due to overhead supply. It and similar players in the auto-repair arena have shown recent strength while consumers are fixing their old cars and holding off on new car purchases. Earnings and sales revenues increases have been much stronger in recent quarterly comparisons. While the C criteria may be sufficiently satisfied, its annual earnings (A criteria) growth rate has been not especially strong. Additionally, in 6 of its 8 most recent quarterly earnings comparisons there are blue triangles beside the earnings figure on the chart service used by our experts - which indicates 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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MYRG - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction M Y R Group Inc	$25.86	-0.14 -0.54%	$26.30	$26.54	-2.56%	107,077 78.73%	136,000
Most Recent Note for MYRG - 7/21/2011 1:17:38 PM Approaching its 52-week high with today's 8th consecutive gain. The 7/19/11 mid-day report noted - "Earnings and sales revenues growth history is below the guidelines of the fact-based system."
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NR - NYSE - ENERGY - Oil & Gas Equipment & Services Newpark Resources Inc	$9.75	+0.46 4.95%	$9.85	$10.00	-2.50%	991,505 78.63%	1,260,900
Most Recent Note for NR - 7/21/2011 1:19:25 PM Gapped up today following an analyst upgrade, challenging its 52-week high. Sales revenues and earnings increases in recent quarterly comparisons improved, but a downturn and loss in FY '09 is a flaw concerning the A criteria of the investment system. It survived but failed to impress since last noted in the 8/14/08 mid-day report.
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ONE - NYSE - FINANCIAL SERVICES - Credit Services Higher One Hldgs Inc	$20.99	+0.47 2.29%	$21.50	$21.97	-4.46%	318,864 83.67%	381,100
Most Recent Note for ONE - 7/21/2011 1:29:01 PM Rising from a 7-month cup shaped base without a handle, approaching its 52-week high while on track for its 8th consecutive weekly gain. The high-ranked Finance - Credit Card /Payment Processing firm serves higher education institutions. Quarterly sales revenues and earnings increases have been above the +25% guideline, however sequential deceleration in its quarterly comparisons is a concern.
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PVH - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing P V H Corp	$74.80	+0.87 1.18%	$75.86	$75.86	-1.40%	644,796 59.42%	1,085,200
Most Recent Note for PVH - 7/21/2011 1:32:03 PM Holding its ground and rising after volume-driven gains last week helped it technically break out above stubborn resistance in the $72 area and hit a new 52-week high. Its FY '09 and FY '10 earnings dipped after showing great annual earnings growth in prior years, yet recent quarterly comparisons have show strong sales revenues increases and good earnings growth following a streak of negative comparisons. It was noted in the 4/26/10 mid-day report after the company announced pricing of an offering of 5 million shares near all-time highs to raise funds to acquire Tommy Hilfiger brand. Its annual earnings (A criteria) history showed a downturn in FY '09 and FY '10, making it not meet the guidelines of the fact-based system.
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TCBI - NASDAQ - BANKING - Regional - Southwest Banks Texas Capital Bancshares	$29.22	+2.32 8.62%	$29.48	$29.48	-0.88%	591,038 336.97%	175,400
Most Recent Note for TCBI - 7/21/2011 1:41:30 PM Today's "breakaway gap" for a considerable volume-driven gain and a new 52-week high follows a previously noted 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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VRTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Virtusa Corp	$21.11	+0.13 0.62%	$21.79	$21.79	-3.12%	81,414 87.45%	93,100
Most Recent Note for VRTU - 7/21/2011 1:44:25 PM Hit a new 52-week high and all-time today with a volume-driven gain. No overhead supply remains to act as resistance. The 7/07/11 mid-day report noted - "Recent quarterly comparisons show sales revenues and earnings improving after a streak of negative comparisons. Annual earnings (A criteria) history has not been especially strong and included a downturn in FY '09."
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WAT - NYSE - ELECTRONICS - Scientific & Technical Instrum Waters Corp	$98.37	+2.01 2.09%	$99.16	$100.00	-1.63%	362,268 60.81%	595,700
Most Recent Note for WAT - 7/21/2011 1:47:16 PM Consolidating in the $90-100 range building an orderly base for the past 3 months since its considerable 4/26/11 gap up to a new 52-week and all-time high. Last noted in the 6/07/11 mid-day report - "Quarterly earnings increases have been gradually improving and were above the +25%* guideline in the latest period ended March 31, 2011."*
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WCG - NYSE - HEALTH SERVICES - Health Care Plans Wellcare Health Plans	$54.13	+1.06 2.00%	$55.65	$55.75	-2.91%	418,062 74.38%	562,100
Most Recent Note for WCG - 7/21/2011 1:48:18 PM Challenging its 52-week high with today's 3rd consecutive gain. Leadership in the Medical - Managed Care industry group (L criteria) has contributed greatly to its recent performance. Noted in prior mid-day reports - "Earnings and sales revenues history is below the investment system guidelines."
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