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 MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 8TH, 2012
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DOW 13601.09 -9.06 (-0.07%) | NASDAQ 3116.43 -19.76 (-0.63%) | S&P 500 1458.22 -2.71 (-0.19%)
Time of Screening : 10/8/2012 11:51:22 AM         Report Released : 10/8/2012 3:46:41 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
$638.33 -14.26
-2.19%
$647.56 $705.07 -9.47% 11,051,002
72.70%
15,201,700
Most Recent Note for AAPL - 10/8/2012 11:54:21 AM
Violated its 50 DMA line and closed near the session low with a loss on above average volume on the prior session, then it gapped down today suffering more damage while slumping under its April highs. Last noted in the 9/27/12 mid-day report - "Encountered distributional pressure this week, retreating from its all-time high. Reported earnings +20% on +23% sales for the Jun '12 quarter, sequentially decelerating and below the +25% minimum earnings guideline of the fact-based system. Companies currently on the 'Featured Stocks' list are the most ideal candidates fitting the fact-based investment system's guidelines before becoming too heavily owned by the institutional crowd."
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AN - NYSE - SPECIALTY RETAIL - Auto Dealerships
Autonation Inc
$47.63 +1.10
2.36%
$47.71 $47.71 -0.17% 360,733
69.90%
516,100
Most Recent Note for AN - 10/8/2012 11:55:45 AM
Hitting another new 52-week high today, adding to its streak of gains. Found support at its 50 DMA line during its consolidation since noted when there was a negative reversal following the 7/19/12 mid-day report - "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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ANV - AMEX - METALS & MINING - Gold
Allied Nevada Gold Corp
$39.05 -0.40
-1.01%
$39.42 $40.95 -4.64% 459,858
60.98%
754,100
Most Recent Note for ANV - 10/8/2012 11:57:15 AM
Near its 52-week high today, holding its ground stubbornly after a recent streak of 9 consecutive weekly gains. Prior mid-day reports noted - "There is overhead supply up through the $45 area which may act as resistance. Earnings in the 3 latest quarters through Jun '12 were above the +25% guideline but its prior history has been erratic and not a match with the fact-based system's guidelines. It rallied many-fold in price from a low near $1.50 in Nov '08, and it completed a Public Offering of shares along the way on 8/14/09 near $8.50."
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ASH - NYSE - ENERGY - Oil & Gas Refining & Marketing
Ashland Inc
$70.62 -2.38
-3.26%
$71.42 $78.27 -9.77% 487,907
60.83%
802,100
Most Recent Note for ASH - 10/8/2012 12:00:24 PM
Gapped down today. Since violating its 50 DMA line with a damaging loss on heavy volume when last noted on 9/25/12 its 50 DMA line has acted as resistance. Reported earnings +104% on +28% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Prior mid-day reports noted - "The Dec '11 and Mar '12 quarters showed earnings increases above the +25% minimum guideline after a streak of sub par quarterly earnings increases. Annual earnings (A criteria) have improved since a downturn in FY '08."
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BSET - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures
Bassett Furniture Inds
$12.91 +0.33
2.62%
$13.09 $13.09 -1.38% 37,037
90.78%
40,800
Most Recent Note for BSET - 10/8/2012 12:04:10 PM
Hit a new 52-week high today then reversed into the red. When recently inching to new highs prior mid-day reports noted - "Earnings history is not a match with the fact-based system's guidelines."
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CLMT - NASDAQ - ENERGY - Oil &; Gas Refining &; Marketing
Calumet Spclty Pdt Ptnrs
$32.43 -1.25
-3.71%
$33.60 $33.96 -4.51% 404,076
96.92%
416,900
Most Recent Note for CLMT - 10/8/2012 12:06:20 PM
Down today with above average volume while retreating from its 52-week high. Found support above prior highs in the $27 area and rallied further since noted in the 8/29/12 mid-day report - "Recent quarterly comparisons through Jun '12 showed improved sales and earnings, but its erratic annual earnings history (bad A criteria) is a concern."
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GPI - NYSE - SPECIALTY RETAIL - Auto Dealerships
Group I Automotive Inc
$65.45 +2.23
3.53%
$65.72 $65.72 -0.41% 176,629
70.23%
251,500
Most Recent Note for GPI - 10/8/2012 12:11:01 PM
Hitting a new 52-week high today with its 6th consecutive gain. Reported earnings +21% on +29% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Annual earnings (A criteria) history has not been strong and steady.
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GUID - NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services
Guidance Software Inc
$11.95 +0.35
3.02%
$12.16 $12.16 -1.73% 78,159
110.39%
70,800
Most Recent Note for GUID - 10/8/2012 12:13:19 PM
Hitting a new 52-week high with above average volume behind today's gap up and 5th consecutive gain. Reported strong earnings for the Mar and Jun '12 quarterly comparisons and found support at its 200 DMA line during its deep consolidation since noted in the 2/17/12 mid-day report - "Recent quarters (Sep & Dec '11) show sales and earnings improving, but prior history is below the fact-based system's guidelines."

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LEN - NYSE - Bldg-Resident/Comml
Lennar Corp Cl A
$37.76 -0.16
-0.42%
$38.06 $38.27 -1.33% 3,171,655
63.20%
5,018,400
Most Recent Note for LEN - 10/8/2012 12:14:25 PM
Prior mid-day reports noted - "Recent quarterly comparisons show greatly improved sales revenues and earnings increases, however its poor annual earnings history (A criteria) is a fundamental flaw. It survived but failed to impress since dropped from the Featured Stocks list on 5/01/05."

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LNDC - NASDAQ - CHEMICALS - Synthetics
Landec Corporation
$11.00 -0.24
-2.14%
$11.14 $12.20 -9.84% 166,968
94.01%
177,600
Most Recent Note for LNDC - 10/8/2012 12:16:07 PM
Encountering distributional pressure near its 52-week high following a negative reversal on 9/27/12, and it is extended from any sound base after a spurt of volume-driven gains. Prior mid-day reports noted - "Found support above its 50 DMA line while recently consolidating. Showed strong earnings increases in the Nov '11, Feb and May '12 quarters above the +25% guideline satisfying the C criteria. Its up and down annual earnings (A criteria) history is a concern. This low-priced stock is not a match with the fact-based investment system's guidelines. It survived but failed to impress since noted in the 9/28/07 mid-day report - 'Technically broke out this week with gains on volume but it has a questionable sales and earnings history.'"
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MDAS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
Medassets Inc
$17.46 -0.69
-3.80%
$18.14 $18.29 -4.54% 382,229
62.10%
615,500
Most Recent Note for MDAS - 10/8/2012 12:18:00 PM
Retreating today from the new 52-week high hit on the prior session with a small volume-driven gain. Faces resistance up through the $24 area due to many months of trading at higher levels during 2009-11. Prior mid-day reports noted - "Reported earnings +22% on +11% sales revenues for the Jun '12 quarter, below the +25% guidelines, raising fundamental concerns."
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PETM - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Petsmart Inc
$69.90 +1.49
2.18%
$70.40 $72.75 -3.92% 991,485
73.69%
1,345,400
Most Recent Note for PETM - 10/8/2012 12:19:28 PM
Rebounding above its 50 DMA line today after sputtering in recent weeks while enduring distributional pressure. It was noted in the 8/16/12 mid-day report when it gapped up hitting a new 52-week high following a late stage 8-week "double bottom" base pattern - "Reported earnings +31% on +9% sales revenues for the quarter ended July 31, 2012 versus the year ago period. Current earnings per share have been up +25% or more in 3 of the past 4 comparisons, which is good concerning the C criteria. However, quarterly sales revenues increases in the +8-9% are below the robust growth guidelines of the investment system, while sales should be up +18-25% or more or showing great acceleration over prior quarters."
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SAND - AMEX - METALS & MINING - Gold
Sandstorm Gold Ltd
$15.25 +0.52
3.53%
$15.43 $15.43 -1.17% 1,017,913
189.38%
537,500
Most Recent Note for SAND - 10/8/2012 12:20:30 PM
Hitting yet another new 52-week high with today's 3rd consecutive volume-driven gain adding to a recent spurt. Prior mid-day reports noted - "Recent quarterly comparisons show strong sales and earnings increases, but its limited history (A criteria) is a concern."
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SIM - AMEX - METALS & MINING - Steel & Iron
Grupo Simec Sab Cv Ads
$12.87 +0.06
0.47%
$12.89 $12.89 -0.16% 20,299
61.51%
33,000
Most Recent Note for SIM - 10/8/2012 12:22:35 PM
Perched at its 52-week high today after 8 consecutive gains. Prior mid-day reports noted - "Recently rallied with volume-driven gains, and now it faces no resistance due to overhead supply. Quarterly and annual earnings history is not a match with the guidelines for the C & A criteria."
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SNFCA - NASDAQ - INSURANCE - Life Insurance
Security Natl Finl Cl A
$5.42 +0.06
1.16%
$5.49 $5.87 -7.63% 22,641
63.24%
35,800
Most Recent Note for SNFCA - 10/8/2012 12:25:03 PM
Recent quarterly comparisons through Jun '12 showed improving sales revenues and earnings increases, but its prior earnings history has been erratic and not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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TRIB - NASDAQ - DRUGS - Diagnostic Substances
Trinity Biotech Plc Adr
$14.16 +0.17
1.22%
$14.33 $14.33 -1.19% 82,960
95.80%
86,600
Most Recent Note for TRIB - 10/8/2012 12:26:30 PM
Hit another new 52-week high today. Held its ground stubbornly after a streak of 6 consecutive volume-driven gains. Found support in recent months when trading near its 50 DMA line. Reported earnings +12% on +7% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Prior mid-day reports repeatedly noted - "Consolidating above prior highs and its 50 DMA line in the $11 area that define chart support. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Annual earnings (A criteria) showed steady increases since a downturn in FY '08. This Ireland-based firm hailing from the Medical - Products industry group is not a match with the winning models from the book, 'How To Make Money In Stocks'. The past 8 quarterly earnings comparisons through Mar '12 were below the +25% minimum guideline of the fact-based investment system."
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XXIA - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
I X I A
$16.52 -0.13
-0.75%
$17.19 $17.40 -5.09% 305,330
62.86%
485,700
Most Recent Note for XXIA - 10/8/2012 12:29:24 PM
Perched near its 52-week high today, consolidating following a big volume-driven breakout gain on 10/04/12. Prior mid-day reports noted - "Its Jun '12 quarterly results marked its first earnings increase above the +25% minimum guideline in the past 5 quarterly comparisons. It survived but failed to impress since dropped from the Featured Stocks list on 9/20/05."

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