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 MIDDAY BREAKOUTS REPORT - MONDAY, SEPTEMBER 16TH, 2013
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DOW 15531.22 155.16 (1.01%) | NASDAQ 3732.55 10.47 (0.28%) | S&P 500 1702.79 14.8 (0.88%)
Time of Screening : 9/16/2013 12:03:24 PM         Report Released : 9/16/2013 1:21:04 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
Max Buy
AVG - NYSE
A V G Technologies N.V.
$24.20 +0.95
4.08%
$24.46 1,181,224
154.41% of 50 DAV
50 DAV is 765,000
$0.00

9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/16/2013 12:14:49 PM
Y - Gapped up today, rallying with a volume-driven gain above the pivot point based on its 8/06/13 high plus 10 cents noted in the 9/13/13 mid-day report (read here). Hitting a new 52-week high after it formed a 6-week flat base above its 50 DMA line. More details and an annotated graph were included on 9/13/13 in the latest FSU analysis under the headline, "Rallying Near Pivot Point With Greater Volume Conviction".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.
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EGBN - NASDAQ
Eagle Bancorp Inc
$27.48 -0.05
-0.18%
$28.24 75,154
107.98% of 50 DAV
50 DAV is 69,600
$0.00

9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/16/2013 12:24:38 PM
Y - Color code is changed to yellow with a new pivot point based on its 7/25/13 high plus 10 cents. Gapped up today and hit a new 52-week high, briefly trading above its pivot point, then reversing into the red. Reported earnings +33% on +15% sales revenues for the Jun '13 quarter. Found support at its 50 DMA line again since last noted in the 7/26/13 mid-day report - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years."
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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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ALG - NYSE - MANUFACTURING - Farm & Construction Machinery
Alamo Group Inc
$46.57 -0.13
-0.28%
$47.33 $0.00 0.00% 28,872
109.78%
26,300
Most Recent Note for ALG - 9/16/2013 12:05:36 PM
Perched within close striking distance of its 52-week high. Found support while consolidating in an orderly fashion above both its 50 DMA line and prior highs in the $44 area defining near-term support. Reported earnings +26% on +7% sales revenues for the quarter ended June 30, 2013 versus the year ago period. Fundamental concerns remain. Prior mid-day reports repeatedly noted - "Earnings increases improved in recent quarters, but sales revenues increases have been below guidelines and its annual earnings (A criteria) history has been up and down."
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EGHT - NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Eight By Eight Inc
$9.49 -0.20
-2.01%
$9.81 $0.00 0.00% 453,255
77.84%
582,300
Most Recent Note for EGHT - 9/16/2013 12:27:32 PM
Held its ground stubbornly and wedged higher with gains lacking great volume conviction since last noted in the 9/03/13 mid-day report with caution - "Powering to a new 52-week high with a solid gain backed by above average volume. Held its ground stubbornly and made gradual progress since rising from a cup-with-handle base pattern. Prior mid-day reports cautioned members - '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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FF - NYSE - CHEMICALS - Specialty Chemicals
Futurefuel Corp
$18.09 +0.49
2.78%
$18.34 $0.00 0.00% 99,769
80.52%
123,900
Most Recent Note for FF - 9/16/2013 12:31:08 PM
Hitting new 52-week and all-time highs today, rising from a 6-week flat base formed above its 50 DMA line. Prior mid-day reports cautioned - "Reported greatly improved earnings in the Mar and Jun '13 quarters but with sub par sales revenues growth. Fundamental concerns remain with respect to the C and A criteria. Erratic sales revenues and earnings history is below the investment system guidelines."
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IGTE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Igate Corp
$27.28 -0.78
-2.78%
$28.86 $0.00 0.00% 220,582
83.36%
264,600
Most Recent Note for IGTE - 9/16/2013 12:33:51 PM
Hit another new 52-week high today then reversed into the red following a streak of 7 consecutive gains with ever-increasing volume. Reported better than +25% earnings (C criteria) in the past 4 quarterly comparisons through Jun '13 but with sub par sales revenues growth in the +1-6% range, not indicative of great demand for a new (N criteria) product or service. It survived but failed to impress since 12/01/10 when technical damage prompted it to be dropped from the Featured Stocks list.
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ITRN - NASDAQ - WHOLESALE - Electronics Wholesale
Ituran Location & Contrl
$18.42 -0.07
-0.36%
$18.70 $0.00 0.00% 42,279
126.58%
33,400
Most Recent Note for ITRN - 9/16/2013 12:35:23 PM
Consolidating in a tight trading range near its 52-week high and above its 50 DMA line since last noted in the 8/14/13 mid-day report with caution - "Reported earnings +28% on +15% sales revenues for the Jun '13 quarter but fundamental concerns remain. Found support near its 50 DMA line and then rallied to new high territory with volume-driven gains since noted in the 5/07/13 mid-day report with caution - 'Earnings history is not a match with the fact-based investment system's guidelines (C criteria) and sub par sales revenues growth indicates no great demand for any new (N criteria) products or services.'"

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KS - NYSE - MANUFACTURING - Paper & Packaging
Kapstone Paper&Packaging
$48.22 +3.08
6.82%
$48.99 $0.00 0.00% 658,608
217.36%
303,000
Most Recent Note for KS - 9/16/2013 12:37:23 PM
Gapped up today for a considerable gain with heavy volume while hitting new 52-week and all-time highs. Reported earnings +14% on +7% sales revenues for the Jun '13 quarter. Earnings history is below guidelines of the fact-based investment system.
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LRN - NYSE - Consumer Svcs-Education
Stride Inc
$35.50 -0.72
-1.99%
$36.69 $0.00 0.00% 212,120
86.12%
246,300
Most Recent Note for LRN - 9/16/2013 12:43:12 PM
Consolidating in a tight trading range following a considerable "breakaway gap" for a new 52-week high on 8/29/13. Technically, it faces no resistance due to overhead supply. Reported earnings +20% on +19% sales revenues for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria). Prior quarterly comparisons and its annual earnings (A criteria) history are not a match with the fact-based system's fundamental guidelines.
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NQ - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Nq Mobile Inc Ads
$22.18 +0.34
1.56%
$22.95 $0.00 0.00% 2,463,997
100.88%
2,442,500
Most Recent Note for NQ - 9/16/2013 12:44:40 PM
Found support while consolidating above its 50 DMA line, and now hitting new 52-week highs with above average volume behind today's 4th consecutive gain. Stalled after its considerable gap up gain on 8/13/13 and it did not form a sound base pattern of sufficient length since noted in prior mid-day reports with caution - "Patient investors may watch for a secondary buy point or new base to potentially form and be noted in the coming weeks. Quarterly sales and earnings comparisons have shown great increases percentage-wise in recent quarterly comparisons through Jun '13 satisfying the C criteria. Annual earnings (A criteria) has also been strong. This Chinese Computer Software - Security firm is perched at new 52-week and all-time highs, very extended from any sound base after an impressive rally in the past month. The stock got off to a poor start from its 5/05/11 IPO priced at $12."

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ODFL - NASDAQ - TRANSPORTATION - Trucking
Old Dominion Fght Lines
$44.59 -1.54
-3.34%
$46.78 $0.00 0.00% 904,499
207.64%
435,600
Most Recent Note for ODFL - 9/16/2013 12:47:15 PM
Hit a new 52-week high today then reversed into the red and tested near its 50 DMA line. No resistance remains due to overhead supply. Reported earnings +21% on +8% sales revenues for the Jun '13 quarter versus the year ago period. Last noted in the 5/21/13 mid-day report with caution - "Prior quarterly comparisons did not show strong steady increases above the +25% minimum earnings guideline (C criteria), and a downward turn in FY '07 - '09 earnings (A criteria) is a fundamental flaw."
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PKG - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products
Packaging Cp Of America
$58.46 +3.91
7.17%
$60.19 $0.00 0.00% 2,383,607
316.97%
752,000
Most Recent Note for PKG - 9/16/2013 1:04:01 PM
Today's "breakaway gap" for a considerable gain and new 52-week high is backed by heavy volume while rising from an orderly flat base, albeit a "late stage" base. Found support when consolidating above its 50 DMA line since last noted with caution in the 7/17/13 mid-day report - "Reported earnings +45% on +12% sales revenues for the Jun '12 quarter, continuing its strong track record of quarterly earnings increases above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history is not a good match with the fact-based investment system."
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RKT - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products
Rock Tenn Co Cl A
$124.55 +5.88
4.95%
$125.43 $0.00 0.00% 457,978
90.53%
505,900
Most Recent Note for RKT - 9/16/2013 1:05:55 PM
Recently found support at its 50 DMA line during its consolidation since last noted in the 7/24/13 mid-day report. Gapped up today hitting a new 52-week high with a volume-driven gain. Reported earnings +127% on +6% sales revenues for the Jun '13 quarter. Prior quarterly comparisons showed sub par sales revenues and earnings increases and its annual earnings (A criteria) history has been up and down.
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SPA - NYSE - ELECTRONICS - Scientific & Technical Instrum
Sparton Corp
$23.84 +0.83
3.61%
$24.39 $0.00 0.00% 41,197
86.91%
47,400
Most Recent Note for SPA - 9/16/2013 1:07:16 PM
Hitting another new 52-week high today. Held its ground and rallied in recent weeks including a "breakaway gap" on 9/04/13. Reported strong sales revenues and earnings increases for the Jun '13 quarter but fundamental concerns remain. Prior mid-day reports cautioned members - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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TARO - NYSE - DRUGS - Drug Manufacturers - Other
Taro Pharmaceutical Inds
$68.50 -1.74
-2.48%
$70.29 $0.00 0.00% 27,017
127.44%
21,200
Most Recent Note for TARO - 9/16/2013 1:10:22 PM
Pulling back from its 52-week high with a loss on above average volume today. Reported earnings -6% on -4% sales revenues for the Jun '13 quarter, below the +25% minimum guideline (C criteria). The Israel-based Medical - Generic Drugs firm faced no resistance due to overhead supply when noted in prior mid-day reports with caution. The number of top-rated funds owning its shares from 2 in Mar '12 to 23 as of Jun '13, a reassuring sign concerning the I criteria.
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UA - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing
Under Armour Inc Cl A
$76.87 -1.63
-2.08%
$78.38 $0.00 0.00% 1,489,748
117.51%
1,267,800
Most Recent Note for UA - 9/16/2013 1:12:20 PM
Pulling back from its 52-week high with today's 3rd consecutive loss following a considerable spurt of volume-driven gains. Made gradual progress since a considerable "breakaway gap" on 7/25/13 with heavy volume. Reported earnings +167% on +23% sales revenues for the quarter ended June 30, 2013. Prior quarterly comparisons have been erratic and not a match with the investment system's +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA line then rebounded impressively since dropped from the Featured Stocks list on 6/27/12.
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Ulta Salon Cosm & Frag
$118.69 +1.16
0.99%
$119.16 $0.00 0.00% 562,458
78.88%
713,100
Most Recent Note for ULTA - 9/16/2013 1:20:38 PM
Trading up today following a considerable "breakaway gap" on the prior session for new 52-week highs. Reported earnings +20% in Apr '13 and +30% in Jul '13 versus the year ago quarterly periods. The below +25% results missed the minimum earnings guideline (C criteria), yet 3 of the past 4 quarterly comparisons were above that minimum. Relative Strength rank has improved to an 84 rating. Went through a deep consolidation below its 200 DMA line then rebounded impressively since dropped from the Featured Stocks list on 1/07/13.
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