Mid-Day Breakouts Report - Thursday, October 18th, 2012

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 18TH, 2012
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DOW 13556.39 -0.61 (0.00%) | NASDAQ 3077.53 -26.59 (-0.86%) | S&P 500 1459.26 -1.65 (-0.11%)

Time of Screening : 10/18/2012 12:03:29 PM Report Released : 10/18/2012 1:14:59 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
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
BRLI - NASDAQ Bio Reference Labs Inc	$32.03	+0.03 0.09%	$32.11	273,418 92.72% of 50 DAV 50 DAV is 294,900	$32.86 -2.53%	10/3/2012	$30.90	PP = $30.25 MB = $31.76
Most Recent Note - 10/18/2012 12:20:56 PM G - Churning above average volume without making meaningful price progress, yet still holding its ground stubbornly. Prior highs in the $30 area define initial chart support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2012. Click here.
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ULTA - NASDAQ Ulta Salon Cosm & Frag	$95.49	-0.85 -0.88%	$96.71	1,109,862 146.09% of 50 DAV 50 DAV is 759,700	$103.52 -7.76%	9/4/2012	$93.17	PP = $98.52 MB = $103.45
Most Recent Note - 10/18/2012 1:13:56 PM G - Color code is changed to green while encountering distributional pressure and sputtering near its 50 DMA line. Its Relative Strength Rating has slumped to 77, below the 80+ minimum rank for ideal buy candidates under the fact-based investment system. The latest FSU analysis discussed its waning Relative Strength under the headline "Relative Strength Line Did Not Provide Confirmation - Friday, October 05, 2012". >>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Alliance Data Sys Corp	$142.86	+4.06 2.93%	$143.49	$144.74	-1.30%	951,505 185.30%	513,500
Most Recent Note for ADS - 10/18/2012 12:08:43 PM Rallying back within close striking distance of its 52-week high today after finding support at its 50 DMA line following distributional pressure last week. Earnings increases in the 4 latest quarterly reports (Dec '11, Mar, Jun and Sep '12) have been below the +25% minimum earnings guideline of the fact-based investment system. Fundamental and technical deterioration led to it being dropped from the Featured Stocks list on 5/21/12, yet it has since proven resilient.
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AOS - NYSE - CONSUMER DURABLES - Electronic Equipment Smith A O Corp	$58.87	+1.12 1.94%	$59.30	$60.00	-1.88%	308,191 75.48%	408,300
Most Recent Note for AOS - 10/18/2012 12:11:29 PM Trading up today after a gap up and volume-driven gain for a new 52-week high on the prior session. The 10/17/12 mid-day report noted - "Reported earnings +22% on +12% sales revenues for the Sep '12 quarter, below the C criteria's +25% minimum guideline, and its annual earnings history (A criteria) has not been strong and steady."
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BECN - NASDAQ - MATERIALS &; CONSTRUCTION - General Building Materials Beacon Roofing Supply	$30.60	+0.85 2.86%	$30.62	$30.80	-0.65%	482,583 90.29%	534,500
Most Recent Note for BECN - 10/18/2012 12:16:05 PM Today's 4th consecutive gain has it rallying within close striking distance of its 52-week high after finding recent support near its 50 DMA line. No overhead supply remains to act as resistance. Reported earnings +22% on +4% sales revenues for the Jun '12 quarter, below the +25% minimum earnings guideline. Prior mid-day reports noted - " Downturn in FY '10 earnings is a flaw concerning the A criteria of the fact-based investment system's guidelines. It survived but failed to impress since noted in the 5/01/2009 mid-day report - 'Its up and down annual earnings history (the A criteria) is a concern.'"
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BIIB - NASDAQ - DRUGS - Biotechnology Biogen Idec Inc	$149.09	-4.69 -3.05%	$152.49	$157.18	-5.15%	963,259 106.84%	901,600
Most Recent Note for BIIB - 10/18/2012 12:18:28 PM Gapped down for a loss today, retreating with above average volume near its 50 DMA line and recent lows. Last noted in the 9/26/12 mid-day report - "Reported earnings +34% on +18% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Prior quarterly (C criteria) earnings and sales growth history has been below the guidelines of the fact-based investment system. Its annual earnings (A criteria) history has been good."
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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$85.97	-1.66 -1.89%	$87.99	$94.81	-9.32%	472,067 110.48%	427,300
Most Recent Note for BWLD - 10/18/2012 12:25:11 PM Since last noted in the 3/26/12 mid-day report at its 52-week high it went through a deep consolidation below its 200 DMA line and then rebounded in recent months. The company has a strong annual earnings history (A criteria), however earnings increases have been below the +25% minimum guideline (C criteria) in the Mar and Jun '12 quarterly comparisons versus the year ago periods.
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DF - NYSE - FOOD & BEVERAGE - Dairy Products Dean Foods Company	$17.86	+0.90 5.31%	$18.23	$18.23	-2.03%	6,401,429 146.73%	4,362,800
Most Recent Note for DF - 10/18/2012 12:28:06 PM Rebounded above its 50 DMA line on the prior session and hit a new 52-week high today with a 2nd consecutive volume-driven gain. Reported earnings +100% on -5% sales revenues for the quarter ended June 30, 2012 versus the year ago period. It went through a deep consolidation since noted in the 6/07/12 mid-day report - "Strong earnings increases in the 3 latest quarterly comparisons satisfy the C criteria, but its sales revenues growth has been sub par. Annual earnings turned down in FY '10 and '11, creating a flaw concerning the A criteria."
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$50.26	+2.06 4.26%	$50.45	$50.64	-0.76%	19,187,740 186.05%	10,313,400
Most Recent Note for EBAY - 10/18/2012 12:32:52 PM Rallying with above average volume today and trading within close striking distance of its 52-week high. Rebounding after distributional pressure led to a recent violation of its 50 DMA line. 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. Reported earnings +15% on +15% sales revenues for the Sep '12 quarter. Growing again after FY '09 marked the first downturn in its strong annual earnings history (the A criteria).
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EQM - NYSE - ENERGY - Oil & Gas Pipelines E Q T Midstream Partners	$30.05	-0.06 -0.20%	$30.10	$30.72	-2.18%	74,330 77.75%	95,600
Most Recent Note for EQM - 10/18/2012 12:35:39 PM Consolidating in a tight trading range for the past 2 weeks after a pullback tested support at its 50 DMA line. Limited history is a concern and it has traded up considerably since its 6/27/12 IPO at $21.
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HMST - NASDAQ - BANKING - Regional - Southwest Banks HomeStreet Inc	$43.14	+0.67 1.58%	$43.14	$44.18	-2.35%	29,232 126.00%	23,200
Most Recent Note for HMST - 10/18/2012 12:37:17 PM Hitting another new 52-week high today with a 3rd consecutive gain adding to its recent spurt of volume-driven gains. The 10/16/12 mid-day report noted - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system."
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HOLI - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Hollysys Automation Tech	$10.70	+0.13 1.23%	$10.78	$11.34	-5.64%	379,734 213.81%	177,600
Most Recent Note for HOLI - 10/18/2012 12:38:19 PM The China-based firm is rising within -5.9% of its 52-week high today, however additional overhead supply remains to act as resistance up through the $18 level. Recent quarters through Jun '12 showed mostly strong earnings increases.
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$25.26	+1.64 6.94%	$26.31	$26.59	-5.00%	482,785 246.57%	195,800
Most Recent Note for NTCT - 10/18/2012 12:45:18 PM Reported earnings +42% on +16% sales revenues for the quarter ended September 30, 2012 versus the year ago period, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). Gapped up today, rebounding from below its 50 DMA line toward its 52-week and multi-year highs which acted as stubborn resistance in the $26-27 area. Rallied from support at its 200 DMA line in recent months and worked its way up through resistance due to overhead supply.
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PATK - NASDAQ - Bldg-Mobile/Mfg & RV Patrick Industries Inc	$20.08	+0.66 3.40%	$20.33	$20.33	-1.23%	134,518 109.90%	122,400
Most Recent Note for PATK - 10/18/2012 12:47:43 PM Touched another new 52-week high with today's 3rd consecutive gain. Found support above prior highs in the $15 area during its consolidation since noted in the 10/02/12 mid-day report when reversing after considerable volume-driven gains helped it rally from a previously noted cup shaped base - "No overhead supply remains to act as resistance. Recent quarterly comparisons showed solid sales revenues and earnings increases, but its annual earnings (A criteria) history has not been strong and steady. Fundamentally it is not a match with the fact-based investment system's guidelines."
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles Polaris Industries Inc	$87.11	+1.83 2.15%	$87.43	$89.13	-2.26%	1,336,191 190.21%	702,500
Most Recent Note for PII - 10/18/2012 12:51:27 PM Today's 6th consecutive gain has it rallying with higher above average volume and hitting new 52-week and all-time highs. Reported earnings +40% on +21% sales revenues for the quarter ended September 30, 2012 versus the year ago period. The past 3 quarterly comparisons now show earnings increases above the +25% minimum guideline (C criteria), however its annual earnings (A criteria) history has been up and down, leaving some fundamental concerns.
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PTP - NYSE - INSURANCE - Property & Casualty Insurance Platinum Underwriters	$45.67	+2.37 5.47%	$45.99	$45.99	-0.70%	233,203 180.22%	129,400
Most Recent Note for PTP - 10/18/2012 12:53:52 PM Gapped up today hitting new 52-week and multi-year highs. It worked its way up through overhead supply up through the $45 area since last noted in the 7/19/12 mid-day report - "Earnings history is not a match with the fact-based system's guidelines."
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QGEN - NASDAQ - DRUGS - Biotechnology Qiagen Nv	$18.34	-0.25 -1.34%	$18.72	$19.41	-5.51%	571,600 97.24%	587,800
Most Recent Note for QGEN - 10/18/2012 12:56:00 PM Consolidating -5.7% off its 52-week high today, it recently rebounded after a brief 50 DMA line violation. Prior mid-day reports noted - "It faces additional resistance due to overhead supply up through the $22 area. Quarterly sales revenues and earnings growth history is not a match with the fact-based investment system's guidelines."
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SBGI - NASDAQ - MEDIA - Broadcasting - TV Sinclair Broadcast Group	$12.91	-0.01 -0.08%	$12.95	$13.33	-3.15%	515,349 123.38%	417,700
Most Recent Note for SBGI - 10/18/2012 1:00:19 PM Rising within -3.4% of its 52-week high with a 7 session spurt of gains. Reported strong increases in sales revenues and earnings in the Mar and Jun '12 quarters, but fundamental concerns remain. It went through another deep correction below its 50 & 200 DMA lines since last noted in the 1/05/12 mid-day report - "Its earnings and sales history are below guidelines."
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SIRO - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Sirona Dental Systems	$55.40	-1.71 -2.99%	$56.25	$59.18	-6.39%	620,411 144.62%	429,000
Most Recent Note for SIRO - 10/18/2012 1:02:14 PM Gapped down today and undercut its 50 DMA line, yet it is well above the session's earlier lows. Last noted in the 8/20/12 mid-day report - "Quarterly comparisons have shown sub par sales revenues and earnings increases. It survived but failed to impress since last noted when dropped from the Featured Stocks list on 5/20/10."
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SNA - NYSE - MANUFACTURING - Small Tools & Accessories Snap On Inc	$77.25	+3.00 4.04%	$78.27	$78.27	-1.30%	644,808 252.08%	255,800
Most Recent Note for SNA - 10/18/2012 1:12:10 PM Gapped up today and hit a new 52-week high. Reported earnings +9% on +3% sales revenues for the Sep '12 quarter, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria) while sales revenues increases have only been in the +3-7% range. A downturn in FY '09 earnings (A criteria) history is also a fundamental concern.
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WAC - NYSE - FINANCIAL SERVICES - Credit Services Walter Investment Mgmt	$42.99	+0.34 0.80%	$43.17	$44.12	-2.56%	3,904,181 1,043.62%	374,100
Most Recent Note for WAC - 10/18/2012 1:14:37 PM Trading up again today for another considerable volume-driven gain, rising near its 52-week high. On 10/15/12 it announced plans to sell 4.5 million shares of its common stock and also offer $265 million in convertible senior subordinated notes. It was noted at its 52-week high in the 10/04/12 mid-day report - "Extended from any sound base after its spurt of volume-driven gains helped it rally from a 13 month base. This REIT which invests in sub-prime, non-conforming and other credit-sensitive residential loans had a drastic downturn in annual earnings in prior years and its erratic earnings history raises fundamental concerns. However, it has earned stellar ranks and its recent quarterly comparisons showed huge sales revenues and earnings increases versus the year ago periods."
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