Mid-Day Breakouts Report - Friday, October 18th, 2013

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 18TH, 2013
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DOW 15370.91 -0.74 (0.00%) | NASDAQ 3899.35 36.2 (0.94%) | S&P 500 1740.47 7.32 (0.42%)

Time of Screening : 10/18/2013 12:06:14 PM Report Released : 10/18/2013 1:07:28 PM
Price is: Above 52W High and Less Than 52W High but within 10% of the 52 Week High
Volume Is: At least 85% 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
BITA - NYSE Bitauto Hldgs Ltd Ads	$24.62	-0.84 -3.30%	$25.97	697,289 103.24% of 50 DAV 50 DAV is 675,400	$25.48 -3.38%	9/24/2013	$16.40	PP = $17.31 MB = $18.18
Most Recent Note - 10/18/2013 12:18:39 PM G - Hit another new high today then reversed into the red following 5 consecutive gains. It may go on to produce more climactic gains, however it is very extended from its prior base. Prior highs in the $18 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 10/2/2013. Click here.
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EGOV - NASDAQ N I C Inc	$25.17	+2.13 9.24%	$25.17	417,215 144.47% of 50 DAV 50 DAV is 288,800	$24.15 4.22%	10/18/2013	$25.17	PP = $23.66 MB = $24.84
Most Recent Note - 10/18/2013 12:33:45 PM Y - Color code is changed to yellow with pivot point based on its 10/02/13 high. Volume-driven gain today is a technical breakout from a "double bottom" base formed since last noted in the 8/20/13 mid-day report with caution - "Reported earnings +78% on +27% sales revenues for the Jun '13 quarter, marking its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). However, blue triangles beside the quarterly and annual earnings figures within the datagraphs used by CANSLIM.net experts indicate pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison). EGOV found support at its 200 DMA line during its consolidation while building a cup-with-handle base since last noted in the 4/01/13 mid-day report with caution - No resistance remains due to overhead supply. Quarterly and annual earnings (C and A criteria) history has not been strong and steady, and it is fundamentally not a good match with the guidelines of the fact-based investment system.'" >>> The latest Featured Stock Update with an annotated graph appeared on 7/3/2006. Click here.
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NOAH - NYSE Noah Holdings Ltd Ads	$20.94	-1.65 -7.30%	$22.99	919,065 126.61% of 50 DAV 50 DAV is 725,900	$22.80 -8.16%	10/15/2013	$19.10	PP = $18.33 MB = $19.25
Most Recent Note - 10/18/2013 12:53:01 PM G - Touched another new 52-week high today then reversed into the red following an impressive streak of volume-driven gains. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. Prior highs in the $18 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 10/15/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$57.07	+11.14 24.25%	$60.00	$49.26	15.85%	4,812,442 656.45%	733,100
Most Recent Note for ALGN - 10/18/2013 12:10:28 PM Reported +62% earnings on +21% sales revenues for the Sep '13 quarter, but fundamental concerns remain. Gapped up today for a new 52-week high after rebounding above its 50 DMA line on the prior session. Recent mid-day reports cautioned members - "The past 5 quarterly comparisons through Jun '13 have been below the +25%* minimum earnings guideline (C criteria)."*
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ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$28.70	+2.02 7.57%	$28.70	$27.80	3.23%	236,278 128.97%	183,200
Most Recent Note for ANIK - 10/18/2013 12:14:27 PM Powering to a new 52-week high with today's 3rd consecutive gain. Found support at its 50 DMA line during its consolidation since last noted with caution near its prior high in the 8/05/13 mid-day report - "Reported earnings +54% on +6% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline for a 3rd consecutive quarterly comparison (C criteria). Prior mid-day reports cautioned - 'Sub par sales revenues growth hints at no great demand for new (N criteria) products or services, and its up and down annual earnings (A criteria) history leaves fundamental concerns. In the past year it went through a deep consolidation below its 200 DMA line then rebounded impressively and recently topped its 2012 high ($17.70).'"
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BCPC - NASDAQ - CHEMICALS - Agricultural Chemicals Balchem Corp	$58.49	+1.35 2.36%	$58.88	$57.26	2.15%	63,263 102.53%	61,700
Most Recent Note for BCPC - 10/18/2013 12:16:45 PM This high-ranked Chemicals - Specialty firm is hitting new 52-week and all-time highs. Found support when consolidating near its 50 DMA line. The 10/10/13 mid-day report cautioned - "It maintained a good annual earnings (A criteria) history, however, recent quarterly comparisons through Jun '13 show sub par sales revenues and earnings growth leaving fundamental concerns regarding the C criteria."
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BIDU - NASDAQ - INTERNET - Internet Information Providers Baidu Inc Ads	$161.85	+8.02 5.22%	$162.68	$161.48	0.23%	3,950,710 122.54%	3,224,000
Most Recent Note for BIDU - 10/18/2013 12:17:38 PM Gapped up today hitting a new 52-week high. Within range to possibly challenge 2011 all-time highs at $165. While tallying volume-driven gains recent mid-day reports cautioned members - "Fundamentals have deteriorated with earnings increases reported below the +25% minimum guideline (C criteria) in the Mar (+15%) and Jun '13 (-1%) quarterly comparisons versus the year ago periods while still maintaining very strong sales revenues growth. History includes a great annual earnings (A criteria) track record. After noted on 8/06/11 when it was dropped from the Featured Stocks list it subsequently went through a deep consolidation below its 200 DMA line before rebounding."
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CECE - NASDAQ - Pollution Control Ceco Environmental	$18.80	+0.26 1.40%	$19.14	$18.65	0.80%	207,900 141.72%	146,700
Most Recent Note for CECE - 10/18/2013 12:19:08 PM Hitting another new 52-week high with above average volume behind today's 8th consecutive gain, getting very extended from its prior base. Reported earnings +100% on +28% sales revenues for the Jun '13 quarter. Found support above its 200 DMA line during its consolidation since noted in the 8/08/13 mid-day report with caution - "Quarterly comparisons through Mar '13 showed good earnings increases, but the ongoing lack of sales revenues growth and its erratic annual earnings (A criteria) history remain fundamental flaws."
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CMG - NYSE - LEISURE - Restaurants Chipotle Mexican Grill	$496.01	+56.94 12.97%	$497.70	$447.65	10.80%	1,267,496 410.33%	308,900
Most Recent Note for CMG - 10/18/2013 12:21:17 PM Reported earnings +17% on +18% sales revenues for the Sep '13 quarter. Gapped up today, making its 3rd consecutive mid-day report appearance and powering to new all-time highs. Found support at its 50 DMA line and made gradual progress since noted in the 7/22/13 mid-day report with caution - "Reported earnings below the +25% minimum for the 4 latest quarterly comparisons through Jun '13, not satisfying the C criteria. Its annual earnings (A criteria) history has been very strong and steady. Faces additional resistance due to overhead supply up through the $442 level."
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EFII - NASDAQ - WHOLESALE - Computers Wholesale Electronics For Imaging	$34.47	+0.63 1.86%	$39.83	$34.21	0.76%	584,249 251.18%	232,600
Most Recent Note for EFII - 10/18/2013 12:23:00 PM Off early highs following a considerable gap up gain for a new 52-week high. Reported earnings +39% on +16% sales revenues for the Sep '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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EXPO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Exponent Inc	$75.90	+0.90 1.20%	$76.83	$75.02	1.17%	24,825 92.29%	26,900
Most Recent Note for EXPO - 10/18/2013 12:35:56 PM Up today for a 3rd consecutive gain with above average volume, hitting new 52-week highs. Reported earnings +10% on +3% sales revenues for the quarter ended Sep 30, 2013 versus the year ago period. Prior quarterly comparisons were not a match with the investment system's minimum guidelines for buy candidates. Last noted in the 7/24/12 mid-day report - "It survived but failed to impress since weak technical action was noted and it was dropped from the Featured Stocks list on 6/11/08."
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FNSR - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Finisar Corporation	$25.62	+1.34 5.52%	$26.08	$25.00	2.48%	3,127,737 160.88%	1,944,200
Most Recent Note for FNSR - 10/18/2013 12:37:03 PM Gapped up today hitting a new 52-week high, clearing an orderly base pattern. Traded in a tight range since the 9/06/13 mid-day report cautioned members - "Quarterly and annual earnings history (C and A criteria) history has not been strong and steady."
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FRC - NYSE - BANKING - Savings & Loans First Republic Bank	$49.76	+0.41 0.83%	$50.00	$49.35	0.83%	723,927 93.40%	775,100
Most Recent Note for FRC - 10/18/2013 12:38:05 PM Rallying from support at its 50 DMA line to hit another new 52-week high with today's 3rd consecutive gain. Reported earnings +19% on +8% sales revenues for the Sep '13 quarter, below the +25% minimum guideline. Noted in prior mid-day reports with caution - "Recent quarterly comparisons showed earnings increases above the +25% minimum earnings (C criteria) guideline. Its annual earnings (A criteria) history has been up and down, not matching the fact-based investment system's guidelines."
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$58.49	+0.47 0.81%	$59.10	$59.39	-1.52%	81,607 90.98%	89,700
Most Recent Note for HURN - 10/18/2013 12:42:04 PM Wedging higher this week with gains lacking great volume conviction, approaching its 52-week high with no resistance remaining due to overhead supply. Tallied volume-driven gains when the 10/11/13 mid-day report cautioned members - "Found support near its 50 DMA line during its consolidation, holding its ground after spiking abruptly higher for a new 52-week high after reporting earnings +103% on +18% sales revenues for the Jun '13 quarter. Quarterly sales revenues and earnings increases satisfy the C criteria. Its annual earnings (A criteria) history is not a good match with the guidelines of the fact-based system. It survived but failed to impress since dropped from the Featured Stocks list on 8/15/2007."
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LOW - NYSE - RETAIL - Home Improvement Stores Lowes Companies Inc	$47.81	-1.22 -2.48%	$48.48	$49.17	-2.78%	6,825,130 93.19%	7,323,500
Most Recent Note for LOW - 10/18/2013 12:43:34 PM Quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based system (C and A criteria).
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LVS - NYSE - LEISURE - Resorts & Casinos Las Vegas Sands Corp	$72.17	+1.20 1.69%	$73.07	$71.00	1.65%	4,869,008 110.62%	4,401,700
Most Recent Note for LVS - 10/18/2013 12:44:13 PM Hitting yet another new 52-week high with today's 8th consecutive gain. Held its ground stubbornly and rose further since noted in the 9/10/13 mid-day report with caution - "Sales and earnings improved in the Jun '13 quarterly comparison, but its prior earnings history is below guidelines. Survived but failed to impress since dropped from the Featured Stocks list on 2/26/07."
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MCRI - NASDAQ - LEISURE - Resorts & Casinos Monarch Casino & Resort	$22.00	+1.09 5.21%	$22.12	$21.00	4.76%	84,540 139.50%	60,600
Most Recent Note for MCRI - 10/18/2013 12:46:35 PM Hitting a new 52-week high with above average volume behind today's 8th consecutive gain. Reported earnings +236% on +17% sales revenues for the Jun '13 quarter. It formed a sound base since last noted in the 8/12/13 mid-day report with caution - "Earnings increases above the +25% minimum in the 3 latest quarterly comparisons through Mar '13 satisfy the C criteria. Its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
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MNTX - NASDAQ - Machinery-Gen Industrial Manitex International	$13.19	+0.75 6.03%	$13.29	$13.14	0.38%	226,251 239.67%	94,400
Most Recent Note for MNTX - 10/18/2013 12:49:52 PM Powering to a new 52-week high today with its 3rd consecutive volume-driven gain clearing a 7-month base. Reported earnings +10% on +19% sales revenues for the Jun '13 quarter raising fundamental concerns since dropped from the Featured Stocks list when last noted on 4/18/13.
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MYL - NASDAQ - DRUGS - Drugs - Generic Mylan Inc	$38.76	-0.95 -2.39%	$39.86	$40.55	-4.41%	3,543,273 85.82%	4,128,800
Most Recent Note for MYL - 10/18/2013 12:51:48 PM Hovering near its 52-week high. Held its ground stubbornly and made gradual progress since last noted in the 9/10/13 mid-day report with caution - "Reported earnings +13%* on +1% sales revenues for the Jun '13 quarter. Quarterly results were below the +25% minimum earnings increase for the past 3 quarters."*
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NQ - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Nq Mobile Inc Ads	$24.13	-0.31 -1.29%	$25.56	$24.60	-1.93%	4,758,489 133.73%	3,558,200
Most Recent Note for NQ - 10/18/2013 12:56:14 PM Reversed into the red after early gains today following a volume-driven gain for a new 52-week high on the prior session. Endured distributional pressure yet found support near its 50 DMA line recently. 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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ORLY - NASDAQ - RETAIL - Auto Parts Stores O Reilly Automotive Inc	$133.38	-1.81 -1.34%	$135.56	$135.62	-1.65%	506,030 86.57%	584,500
Most Recent Note for ORLY - 10/18/2013 12:57:34 PM Pulling back today after rallying from an orderly base previously noted. Recent mid-day reports cautioned members - "Reported earnings +37% on +10% sales revenues for the quarter ended June 30, 2013 versus the year ago period. Quarterly earnings increases were below the +25% guideline in the 4 prior quarterly comparisons, not satisfying the C criteria. Annual earnings (A criteria) history has been strong."
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POL - NYSE - CHEMICALS - Synthetics Polyone Corp	$31.45	+0.90 2.95%	$31.76	$30.96	1.58%	414,168 108.48%	381,800
Most Recent Note for POL - 10/18/2013 12:59:17 PM Gapped up today for a new 52-week high and 3rd consecutive volume-driven gain. Found support near its 50 DMA line again since last noted in the 9/20/13 mid-day report with caution - "Reported earnings +23% on +37% sales revenues for the Jun '13 quarter. Prior earnings history for this Chemicals - Plastics firm is not a match with the fact-based investment system's guidelines."
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$222.49	+6.71 3.11%	$223.48	$219.47	1.38%	1,280,518 115.71%	1,106,700
Most Recent Note for PXD - 10/18/2013 1:00:11 PM Hitting another new high, adding to an impressive streak of volume-driven gains with no resistance remaining due to overhead supply. Prior mid-day reports cautioned members repeatedly - "Reported earnings +90% on +29% sales revenues for the quarter ended June 30, 2013 versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history has been below the fact-based investment system's guidelines."
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SAPE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Sapient Corporation	$15.56	-0.11 -0.67%	$15.83	$16.15	-3.68%	832,479 119.11%	698,900
Most Recent Note for SAPE - 10/18/2013 1:02:18 PM Holding its ground recently near its 50 DMA line and perched within close range of its 52-week high. Forming an orderly base since last noted with caution in the 8/08/13 mid-day report - "Reported earnings +50% on +13% sales revenues for the Jun '13 quarter but fundamental concerns remain. Quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines."
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SHLO - NASDAQ - METALS & MINING - Steel & Iron Shiloh Industries Inc	$14.85	+0.14 0.95%	$14.91	$14.74	0.75%	45,674 98.65%	46,300
Most Recent Note for SHLO - 10/18/2013 1:03:14 PM Hitting yet another new 52-week high with above average volume behind today's 11th gain in the span of 12 sessions. The 10/15/13 mid-day report cautioned members - "Three of the past 4 quarterly comparisons through Jul '13 showed earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady."
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UEIC - NASDAQ - CONSUMER DURABLES - Electronic Equipment Universal Electronics	$37.46	+0.81 2.21%	$37.71	$36.73	1.99%	80,798 109.78%	73,600
Most Recent Note for UEIC - 10/18/2013 1:05:22 PM Powering to new 52-week and multi-year highs with today's 3rd consecutive gain on ever-increasing volume. Found support near its 50 DMA line. That important short-term average acted as support during its consolidation since noted in the 8/13/13 mid-day report with caution - "Reported earnings +15%* on +17% sales revenues for the Jun '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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WGO - NYSE - AUTOMOTIVE - Recreational Vehicles Winnebago Industries Inc	$28.91	+0.29 1.01%	$29.78	$29.50	-2.00%	295,350 111.03%	266,000
Most Recent Note for WGO - 10/18/2013 1:07:06 PM No overhead supply remains to act as resistance while rallying new 52-week highs with considerable volume-driven gains this week. Found support above its 200 DMA line during its consolidation since noted in the 8/05/13 mid-day report with caution - "Earnings history has been erratic and is not a match with the fact-based investment system's guidelines (C and A criteria)."
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