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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 22ND, 2014
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DOW 16564.12 -50.69 (-0.31%) | NASDAQ 4410.84 -8.64 (-0.20%) | S&P 500 1938.54 -2.74 (-0.14%)
Time of Screening : 10/22/2014 12:00:47 PM         Report Released : 10/22/2014 1:29:14 PM
Price is: Above 52W High and Less Than 52W High but within 12% 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
AFSI - NASDAQ
Amtrust Financial Svcs
$50.65 +0.70
1.40%
$51.08 609,085
87.64% of 50 DAV
50 DAV is 695,000
$50.00
1.30%
10/17/2014 $45.24 PP = $46.02
MB = $48.32
Most Recent Note - 10/22/2014 12:06:41 PM
G - Rallying further above its "max buy" level with today's 5th consecutive volume-driven gain. Finished at the session high with a gap up and considerable volume-driven gain on the prior session triggering a technical buy signal. Prior highs in the $46-47 area define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/17/2014. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
ILMN - NASDAQ
Illumina Inc
$188.77 +9.22
5.14%
$188.98 1,479,600
125.82% of 50 DAV
50 DAV is 1,176,000
$185.00
2.04%
10/22/2014 $188.77 PP = $182.27
MB = $191.38
Most Recent Note - 10/22/2014 12:56:46 PM
Y - Color code is changed to yellow with pivot point cited based on its 9/04/14 high in a "double bottom" base pattern. Adding another considerable volume-driven gain to its winning streak and hitting a new 52-week high today, clearing previously stubborn resistance in the $182-185 area. Reported earnings +71% on +35% sales revenues for the Sep '14 quarter, its 2nd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration.

>>> The latest Featured Stock Update with an annotated graph appeared on 6/12/2009. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ABAX - NASDAQ - DRUGS - Diagnostic Substances
Abaxis Inc
$51.40 +2.04
4.13%
$52.50 $53.98 -4.78% 147,152
79.97%
184,000
Most Recent Note for ABAX - 10/22/2014 12:04:36 PM
The past 2 quarterly comparisons through Sep '14 showed earnings increases above the +25% minimum guideline (C criteria), but prior quarters showed waning sales and earnings versus the year-ago periods. This Medical - Systems/Equipment firm has not shown a strong and steady annual earnings (A criteria) history, which is a fundamental flaw with respect to the fact-based investment system's guidelines.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
AKRX - NASDAQ - DRUGS - Drug Manufacturers - Other
Akorn Inc
$42.56 +1.27
3.08%
$45.25 $41.40 2.81% 2,565,374
212.72%
1,206,000
Most Recent Note for AKRX - 10/22/2014 12:08:57 PM
Reported earnings +79% on +96% sales revenues for the Jun '14 quarter but fundamental concerns remain. Tallying considerable volume-driven gap up gains this week while hitting new 52-week highs. Prior mid-day reports cautioned - "Reported earnings +23% on +23% sales revenues for the Mar '14 quarter and prior quarterly earnings increases were sub par. Found support at its 200 DMA line during its deep consolidation. Annual earnings history (A criteria) is not a match with the models of past great winners identified using the fact-based investment system."

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APH - NYSE - ELECTRONICS - Diversified Electronics
Amphenol Corp Cl A
$47.23 -2.44
-4.91%
$48.27 $52.97 -10.84% 1,183,266
84.82%
1,395,000
Most Recent Note for APH - 10/22/2014 12:10:59 PM
Gapped down today again undercutting its 200 DMA line following its Sep '14 earnings report. Noted with caution in prior mid-day reports - "Reported earnings +15% on +16% sales revenues for the Jun '14 quarter. Quarterly and annual earnings history is not a match with the investment system's fundamental guidelines (C and A criteria)."
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BABY - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment
Natus Medical Inc
$31.64 -0.61
-1.89%
$33.20 $32.44 -2.47% 350,032
131.59%
266,000
Most Recent Note for BABY - 10/22/2014 12:13:42 PM
Hit a new 52-week high today then reversed into the red. Reported earnings +33% on +5% sales revenues for the Jun '14 quarter and fundamental concerns remain. The lack of sales revenues growth indicates no great demand for any new (N criteria) products or services. Its up and down annual earnings (A criteria) history is cause for concern.
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BRCM - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Broadcom Corp Cl A
$40.08 +2.75
7.37%
$40.68 $41.65 -3.77% 6,823,770
124.41%
5,485,000
Most Recent Note for BRCM - 10/22/2014 12:16:02 PM
Gapped up today rebounding above its 50 DMA line toward its 52-week high. Earnings history is not a match with the fundamental guidelines (C and A criteria) of the fact-based investment system.
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CBPO - NASDAQ - DRUGS - Biotechnology
China Biologic Products
$54.27 +2.16
4.15%
$55.94 $58.00 -6.43% 45,732
103.94%
44,000
Most Recent Note for CBPO - 10/22/2014 12:23:01 PM
Challenging its 52-week high with today's 6th consecutive gain, facing very little resistance due to overhead supply. Completed a new Public Offering on 6/27/14. Reported earnings +32% on +12% sales revenues for the Jun '14 quarter, but fundamental concerns remain. Earnings increases have been near or above the +25% minimum (C criteria) guideline in the 3 latest quarterly comparisons, however a downturn in FY '10 earnings is a flaw concerning the A criteria.

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CELG - NASDAQ - DRUGS - Drug Manufacturers - Major
Celgene Corp
$95.37 +0.40
0.42%
$96.85 $96.50 -1.17% 3,811,944
82.67%
4,611,000
Most Recent Note for CELG - 10/22/2014 12:26:15 PM
Hit new 52-week and all-time highs with today's 4th consecutive gain backed by above average volume. Found support above its 200 DMA line and rebounded quickly after damaging volume-driven losses. Reported earnings +18% on +17% sales revenues for the Jun '14 quarter, its 4th consecutive earnings comparison below the +25% minimum guideline (C criteria). It undercut its 200 DMA line during its consolidation then rebounded since dropped from the Featured Stocks list on 1/30/14.
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CMG - NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
$616.04 +8.49
1.40%
$619.50 $697.93 -11.73% 532,609
130.54%
408,000
Most Recent Note for CMG - 10/22/2014 12:30:12 PM
Gapped down on the prior session for a damaging volume-driven loss, slumping toward its 200 DMA line. Reported +56% earnings on +31% sales revenues for the Sep '14 quarter but fundamental concerns remain. Noted with caution in 3 prior Oct '14 mid-day reports - "Reported earnings +23% on +29% sales revenues for the Jun '14 quarter. Fundamental concerns remain, as quarterly earnings were below the +25% minimum in 3 of the past 4 prior quarterly comparisons, not satisfying the C criteria. Its annual earnings (A criteria) history has been very strong and steady."

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CSL - NYSE - Diversified Operations
Carlisle Cos Inc
$85.12 -0.65
-0.76%
$86.25 $88.36 -3.67% 265,261
80.87%
328,000
Most Recent Note for CSL - 10/22/2014 12:31:50 PM
Rebounded toward its 52-week high with a considerable gap up gain above its 50 DMA line in the prior session. Reported earnings +28% on +13% sales for the Sep '14 quarter. Prior comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.

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DFS - NYSE - DIVERSIFIED SERVICES - Business/Management Services
Discover Financial Svcs
$62.15 -2.23
-3.46%
$62.25 $65.98 -5.80% 3,505,525
164.42%
2,132,000
Most Recent Note for DFS - 10/22/2014 12:34:49 PM
Retreated from near its 52-week high and violated its 50 DMA line with a gap down and volume-driven loss today. Reported earnings +14% on +6% sales revenues for the Sep '14 quarter. Last noted with caution in the 9/17/14 mid-day report - "Its sales and earnings growth history is below the investment system's guidelines."
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EQM - NYSE - ENERGY - Oil & Gas Pipelines
E Q T Midstream Partners
$91.15 +2.03
2.28%
$91.33 $102.51 -11.08% 174,658
83.97%
208,000
Most Recent Note for EQM - 10/22/2014 12:36:35 PM
Rebounding above its 50 DMA line with today's 7th consecutive volume-driven gain. Reported earnings +37% on +21% sales revenues for the Jun '14 quarter, an improvement after 2 sub par quarterly earnings comparisons. On 9/18/14 it was dropped from the Featured Stocks list.
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GPK - NYSE - CONSUMER NON-DURABLES - Packaging & Containers
Graphic Packaging Hldg
$11.63 +0.48
4.30%
$11.77 $13.02 -10.68% 4,270,937
103.54%
4,125,000
Most Recent Note for GPK - 10/22/2014 12:40:51 PM
Finding support at its 200 DMA line after recent volume-driven losses. Reported earnings +42% on -10% sales revenues for the Sep '14 quarter. Completed another Secondary Offering on 5/21/14, and Secondary Offerings on 2/13/14, 11/21/13, 6/03/13, 3/21/13 and on 12/12/12. Waning quarterly sales revenues indicates no great demand for new (N criteria) products or services. Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied.
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KNX - NYSE - TRANSPORTATION - Trucking
Knight Transportation
$28.32 -0.44
-1.53%
$30.51 $28.92 -2.07% 552,306
89.95%
614,000
Most Recent Note for KNX - 10/22/2014 12:59:27 PM
Reversed into the red today after hitting another new 52-week high following 6 consecutive volume-driven gains. Found recent support at its 50 DMA line and prior highs in the $26 area. Reported earnings +63% on +13% sales revenues for the Sep '14 quarter, but fundamental concerns remain. Prior mid-day reports repeatedly cautioned members - "Reported earnings +29% on +8% sales revenues for the Jun '14 quarter, but prior quarterly comparisons had earnings below the +25% minimum guideline (C criteria)."

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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Manhattan Associates Inc
$36.25 +1.32
3.76%
$36.99 $40.79 -11.14% 627,515
120.44%
521,000
Most Recent Note for MANH - 10/22/2014 1:02:58 PM
Rebounded after slumping below its 200 DMA line during its consolidation since last noted with caution at its 52-week high in the 3/18/14 mid-day report. Reported earnings +23% on +17% sales revenues for the Sep '14 quarter, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). After a downturn in its FY '09 earnings (A criteria) it has shown strong earnings growth.
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OTEX - NASDAQ - INTERNET - Internet Software & Services
Open Text Corp
$55.00 -0.38
-0.69%
$55.61 $58.71 -6.32% 245,009
101.24%
242,000
Most Recent Note for OTEX - 10/22/2014 1:04:48 PM
Encountering resistance near its 50 DMA line today following 3 consecutive volume-driven gains. Found support recently at prior highs in the $52 area. Repeatedly noted with caution in prior mid-day reports - "Reported earnings +46% on +42% sales revenues for the Jun '14 quarter, but fundamental concerns remain. Fundamentals are not a match with the C criteria. Earnings increased above the +25% minimum earnings guideline in only 2 of the past 4 quarterly comparisons. It survived but failed to impress since dropped from the Featured Stocks list on 8/05/11."
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PII - NYSE - AUTOMOTIVE - Recreational Vehicles
Polaris Industries Inc
$145.53 -3.55
-2.38%
$150.68 $152.88 -4.81% 953,427
149.21%
639,000
Most Recent Note for PII - 10/22/2014 1:07:20 PM
Challenged its 52-week high with early gains today then reversed into the red and slumped back below its 50 DMA line. Quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '09.
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R - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services
Ryder System Inc
$84.91 -2.15
-2.47%
$87.00 $93.87 -9.54% 937,102
185.56%
505,000
Most Recent Note for R - 10/22/2014 1:09:23 PM
Reported earnings +12% on +3% sales revenues for the Sep '14 quarter and fundamental concerns remain. Last noted in the 10/09/14 mid-day report with caution - "Quarterly earnings increases have been below the +25% minimum guideline (C criteria)."

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RHI - NYSE - DIVERSIFIED SERVICES - Staffing & Outsourcing Service
Robert Half Intl Inc
$51.24 +1.87
3.79%
$53.03 $53.08 -3.47% 1,542,347
201.35%
766,000
Most Recent Note for RHI - 10/22/2014 1:13:00 PM
Gapped up today for a 2nd consecutive big gain on heavy volume, but it is well off the session's early highs after challenging its 52-week high. Reported earnings +31% on +14% sales revenues for the Sep '14 quarter but fundamental concerns remain. Last noted with caution in the 7/24/14 mid-day report - "Reported earnings +20% on +10% sales revenues for the Jun '14 quarter and prior quarterly earnings were also below the +25% minimum guideline (C criteria)."

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RUSHA - NASDAQ - SPECIALTY RETAIL - Auto Dealerships
Rush Enterprises Cl A
$34.44 -0.01
-0.03%
$35.58 $37.49 -8.14% 144,652
112.13%
129,000
Most Recent Note for RUSHA - 10/22/2014 1:15:23 PM
Encountering resistance at its 50 DMA line today while rebounding from its 200 DMA line. Endured distributional pressure since last noted with caution in the 9/24/14 mid-day report - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
$29.79 +3.31
12.50%
$30.22 $30.11 -1.06% 1,134,974
248.90%
456,000
Most Recent Note for SMCI - 10/22/2014 1:20:17 PM
Gapped up today and hit a new 52-week high. Rallied from its 200 DMA line to reach new high territory with an impressive streak of 8 consecutive gains. Reported earnings +109% on +43% sales revenues for the Sep '14 quarter, and quarterly earnings increases satisfy the C criteria. Prior mid-day reports cautioned members - "Annual earnings history (A criteria) has been up and down."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
STE - NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Steris Corp
$58.18 +1.50
2.65%
$58.58 $58.15 0.05% 388,713
88.34%
440,000
Most Recent Note for STE - 10/22/2014 1:21:26 PM
Gapped up today and rallied to a new 52-week high with its 3rd consecutive gain. Prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
UTL - NYSE - UTILITIES - Diversified Utilities
Unitil Corp
$34.23 +0.28
0.82%
$34.29 $34.84 -1.75% 38,256
78.07%
49,000
Most Recent Note for UTL - 10/22/2014 1:23:15 PM
The Utility - Diversified firm's quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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VASC - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Vascular Solutions
$27.78 +0.63
2.30%
$28.23 $28.21 -1.54% 121,726
221.32%
55,000
Most Recent Note for VASC - 10/22/2014 1:24:43 PM
Reported earnings +5% on +14% sales revenues for the Sep '14 quarter, below the +25% minimum guideline (C criteria). Hit a new 52-week high with today's 6th consecutive gain. Prior mid-day reports cautioned members - "Fundamentals are still not a match with the fact-based investment system's guidelines".

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YHOO - NASDAQ - INTERNET - Internet Information Providers
Yahoo! Inc
$42.54 +2.36
5.87%
$42.88 $44.01 -3.34% 43,915,078
115.74%
37,944,000
Most Recent Note for YHOO - 10/22/2014 1:28:59 PM
Reported earnings +53% on +1% sales for the Sep '14 quarter. Gapped up today challenging its 52-week high with a considerable volume-driven gain. There was a "negative reversal" on 9/15/14 after an impressive spurt of volume-driven gains and it tested support at its 200 DMA line during its consolidation since last noted with caution in the 9/19/14 mid-day report - "Waning sales revenues history makes it not a good match with the fact-based investment system's guidelines as it reveals no great demand for new (N criteria) products or services."

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THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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