Mid-Day Breakouts Report - Monday, October 22nd, 2012

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 22ND, 2012
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DOW 13318.77 -24.74 (-0.19%) | NASDAQ 3010.14 4.52 (0.15%) | S&P 500 1430.31 -2.88 (-0.20%)

Time of Screening : 10/22/2012 12:06:34 PM Report Released : 10/22/2012 12:58:12 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
ULTI - NASDAQ Ultimate Software Group	$95.77	-0.64 -0.66%	$96.42	131,091 90.85% of 50 DAV 50 DAV is 144,300	$106.40 -9.99%	8/27/2012	$98.36	PP = $99.19 MB = $104.15
Most Recent Note - 10/22/2012 12:57:44 PM G - Up from today's earlier lows following 5 consecutive losses. Raised concerns as it undercut prior lows in the $96 area after violating its 50 DMA line, triggering technical sell signals. A rebound above its 50 DMA line is needed for its outlook to improve >>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGU - NYSE - CHEMICALS - Agricultural Chemicals Agrium Inc	$106.13	+1.73 1.66%	$106.97	$107.01	-0.82%	926,094 95.57%	969,000
Most Recent Note for AGU - 10/22/2012 12:14:57 PM Announced a $900 Million Substantial Issuer bid. It has been churning above average volume near its 52-week high for the past week while not making meaningful price progress, considered a sign of distributional pressure. Reported earnings +20% on +10% sales for the Jun '12 quarter. Prior mid-day reports noted - "Recent quarters showed improving sales and earnings but its prior history is below guidelines of the fact-based investment system. Based on weak technical action it was dropped from the Featured Stocks list 7/25/08, and it subsequently dropped from $84.18 to $22.08 before rebounding."
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AGX - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Argan Inc	$16.67	-0.08 -0.48%	$17.24	$18.15	-8.15%	71,487 133.87%	53,400
Most Recent Note for AGX - 10/22/2012 12:15:49 PM Above average volume has been behind losses while retreating from its 52-week high and testing its 50 DMA line. Prior mid-day reports repeatedly noted - "Showed much better sales revenues and earnings increases in the Jan, Apr, and Jul '12 quarters, but the Building -Heavy Construction firm is not a match with the fact-based investment system's guidelines."
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BCEI - NYSE - ENERGY Bonanza Creek Energy Inc	$24.10	+0.38 1.60%	$24.67	$25.00	-3.60%	226,596 84.49%	268,200
Most Recent Note for BCEI - 10/22/2012 12:17:45 PM Held its ground above its 50 DMA line while consolidating since last noted in the 9/25/12 mid-day report - "Enduring distributional pressure. Consolidating near prior highs in the $22 area after recently rallying to new 52-week highs from a deep cup shaped base. Showed strong sales revenues and earnings increases in the Mar and Jun '12 quarters, but its prior earnings history has been erratic and not a match with the fact-based investment system's guidelines."
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CFX - NYSE - MANUFACTURING - Diversified Machinery Colfax Corp	$35.50	-0.20 -0.56%	$35.97	$37.64	-5.69%	528,814 78.56%	673,100
Most Recent Note for CFX - 10/22/2012 12:19:56 PM Encountering distributional pressure after recently rebounding near its 52-week high. Went through a deep consolidation below its 200 DMA line since noted after completing a Public Offering on 2/28/12. Reported earnings +21% on +460% sales for the quarter ended June 30, 2012 versus the year ago period. Quarterly earnings increases have been below the +25% minimum guideline in the past 3 comparisons, and the downward turn in FY '09 and FY '10 earnings (A criteria) was previously noted as a concern.
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CSTE - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials CaesarStone Sdot-Yam Ltd	$15.64	+0.74 4.97%	$16.10	$16.24	-3.69%	70,334 190.61%	36,900
Most Recent Note for CSTE - 10/22/2012 12:22:42 PM Trading up near its 52-week high. Bullish action has continued since last noted in the 9/20/12 mid-day report - "Earnings history is not a match with the fact-based investment system's guidelines."
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CYT - NYSE - CHEMICALS - Specialty Chemicals Cytec Industries Inc	$68.05	+1.02 1.52%	$68.37	$70.07	-2.88%	516,002 99.52%	518,500
Most Recent Note for CYT - 10/22/2012 12:25:16 PM Churning above average volume in recent weeks while consolidating near its 50 DMA line. Prior mid-day reports noted - "Quarterly earnings increases have been above the +25%* guideline (C criteria) for this Chemicals - Specialty firm, however its annual earnings (A criteria) history has not been strong and steady."*
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DF - NYSE - FOOD & BEVERAGE - Dairy Products Dean Foods Company	$18.60	+0.30 1.64%	$19.17	$19.17	-2.97%	5,251,147 130.87%	4,012,500
Most Recent Note for DF - 10/22/2012 12:28:36 PM Rallying to another new 52-week high today with a 4th consecutive volume-driven gain from below its 50 DMA line. 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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EQM - NYSE - ENERGY - Oil & Gas Pipelines E Q T Midstream Partners	$30.26	+0.17 0.56%	$31.06	$31.06	-2.58%	264,775 267.45%	99,000
Most Recent Note for EQM - 10/22/2012 12:33:36 PM This MLP in the Natural Gas business is off earlier highs after touching a new 52-week high today. Consolidated in a tight trading range for the past 2 weeks after a pullback tested support at its 50 DMA line. Prior mid-day reports noted - "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	$44.25	+0.60 1.37%	$44.25	$44.45	-0.45%	163,261 660.98%	24,700
Most Recent Note for HMST - 10/22/2012 12:36:12 PM Perched at its 52-week high today following a spurt of volume-driven gains, extended from any sound base. Prior mid-day reports noted - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system."
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NTCT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Netscout Systems Inc	$25.00	-0.17 -0.68%	$25.41	$26.59	-5.98%	198,978 85.91%	231,600
Most Recent Note for NTCT - 10/22/2012 12:39:07 PM The 10/18/12 mid-day report -"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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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$169.67	+1.67 0.99%	$170.06	$170.06	-0.23%	320,065 112.19%	285,300
Most Recent Note for NVO - 10/22/2012 12:41:39 PM Making a 2nd consecutive mid-day report appearance while tallying a 2nd consecutive gain with above average volume for a new all-time high. Found support near its 50 DMA line when recently consolidating. Its 4 latest quarterly comparisons through Jun '12 had earnings increases below the +25% guideline (not meeting the C criteria). It went through a deep consolidation below its 200 DMA line then rebounded since noted in the 7/28/11 mid-day report. - "It has earned high ranks after demonstrating strong steady annual earnings (A criteria) growth. This Denmark-based Medical - Ethical Drug firm also has seen the number of top-rated funds owning its shares rise from 152 in Mar '10 to 204 in Mar '11, a reassuring sign concerning the I criteria."
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PATK - NASDAQ - Bldg-Mobile/Mfg & RV Patrick Industries Inc	$19.26	-0.59 -2.97%	$20.00	$20.33	-5.26%	113,436 87.73%	129,300
Most Recent Note for PATK - 10/22/2012 12:45:11 PM Retreating from its new 52-week high hit last week. Considerable volume-driven gains helped it rally from a previously noted cup shaped base. Prior mid-day reports noted - "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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PNRA - NASDAQ - LEISURE - Specialty Eateries Panera Bread Co Cl A	$162.17	+0.32 0.19%	$163.87	$175.26	-7.47%	428,331 115.55%	370,700
Most Recent Note for PNRA - 10/22/2012 12:47:59 PM Trading below its 50 DMA line today after violating that important short-term average on the prior session and slumping under old highs ($165 area) with a damaging loss on nearly 3 times average volume. When retreating abruptly from its 52-week high with a small gap down the 10/05/12 mid-day report noted - "It made limited progress but stubbornly held its ground since technically breaking out on 9/12/12, and prior highs in the $165 area may act as support on pullbacks. Reported earnings +27% on +18% sales revenues for the quarter ended June 30, 2012 versus the year ago period. In 3 of the past 4 comparisons earnings increases were above the +25% threshold to satisfy the C criteria. Its annual earnings (A criteria) history has shown steady growth since a small dip in FY '07 earnings. The stock is heavily owned (percentage-wise) by funds relative to its management's small 5% reported ownership. Top-rated funds owning an interest increased from 469 in Mar '12 to 505 in Sep '12. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication it has been under accumulation in the past 50 days."
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PTP - NYSE - INSURANCE - Property & Casualty Insurance Platinum Underwriters	$45.35	+0.92 2.07%	$45.62	$45.99	-1.39%	116,488 81.98%	142,100
Most Recent Note for PTP - 10/22/2012 12:49:33 PM Holding its ground following a considerable gap up and volume-driven gain for new 52-week and multi-year highs on 10/18/12. Worked its way up through overhead supply to the $45 area since 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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