Mid-Day Breakouts Report - Thursday, October 23rd, 2014

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 23RD, 2014
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DOW 16707.34 246.02 (1.49%) | NASDAQ 4454.02 71.17 (1.62%) | S&P 500 1954.43 27.32 (1.42%)

Time of Screening : 10/23/2014 11:56:34 AM Report Released : 10/23/2014 1:33:21 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
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
ALXN - NASDAQ Alexion Pharmaceuticals	$184.01	+10.74 6.20%	$184.88	981,665 84.99% of 50 DAV 50 DAV is 1,155,000	$185.43 -0.77%	10/23/2014	$184.01	PP = $185.53 MB = $194.81
Most Recent Note - 10/23/2014 12:10:22 PM Y - Color code is changed to yellow with pivot point cited based on its 2/25/14 high plus 10 cents. Volume-driven gains for new highs may trigger a technical buy signal. Gapped up today, clearing a prior high and approaching its 52-week high. Reported earnings +53% on +38% sales revenues for the Sep '14 quarter, continuing its strong earnings history. Found support at its 200 DMA line during its long consolidation since last noted in the 3/21/14 mid-day report - "Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Fundamentals remain strong with respect to the quarterly and annual earnings (C and A criteria) history." >>> The latest Featured Stock Update with an annotated graph appeared on 9/26/2012. Click here.
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EPAM - NYSE Epam Systems Inc	$45.21	+2.13 4.94%	$45.68	343,640 90.19% of 50 DAV 50 DAV is 381,000	$46.70 -3.19%	10/23/2014	$45.21	PP = $46.09 MB = $48.39
Most Recent Note - 10/23/2014 12:54:25 PM Y - Color code is changed to yellow with pivot point cited based on its 6/09/14 high plus 10 cents. Challenging its prior highs and approaching its 52-week high with today's gain. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported earnings +33% on +31% sales revenues for the Jun '14 quarter, a 3rd consecutive quarter with earnings above the +25% guideline, making it a better match concerning the C criteria. Completed Secondary Offerings 8/30/13 and 9/17/13. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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ILMN - NASDAQ Illumina Inc	$190.00	+5.18 2.80%	$190.86	1,159,703 95.69% of 50 DAV 50 DAV is 1,212,000	$188.98 0.54%	10/22/2014	$188.77	PP = $182.27 MB = $191.38
Most Recent Note - 10/23/2014 12:57:19 PM Y - Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Triggered a technical buy signal and it was highlighted in yellow in the 10/22/14 mid-day report (read here) with pivot point cited based on its 9/04/14 high in a "double bottom" base pattern. Considerable volume-driven gain hit a new 52-week high while 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. See the latest FSU analysis for more details and annotated graphs. >>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2014. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALK - NYSE - TRANSPORTATION - Regional Airlines Alaska Air Group Inc	$48.80	+2.03 4.34%	$49.52	$50.49	-3.35%	1,111,586 87.25%	1,274,000
Most Recent Note for ALK - 10/23/2014 12:00:08 PM Rebounded above its 50 DMA line with volume-driven gains this week approaching its 52-week high. Shares split 2:1 on 7/10/14. Reported earnings +32% on -6% sales revenues for the Sep '14 quarter. Quarterly earnings comparisons have been above the +25% minimum earnings guideline (C criteria), however, sub par sales revenues increases hint that there is no great demand for new (N criteria) products or services. After a severe downturn in FY '08 it has shown strong annual earnings (A criteria) growth.
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BCR - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Bard C R Inc	$154.25	+6.27 4.24%	$156.18	$154.16	0.06%	448,715 89.21%	503,000
Most Recent Note for BCR - 10/23/2014 12:14:42 PM Hitting new 52-week and all-time highs after gapping up today. Recently found support near its 200 DMA line. Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines. Sub par sales revenues growth hints at no new (N criteria) product or service in great demand.
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BSET - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Bassett Furniture Inds	$17.05	+0.01 0.06%	$17.19	$17.40	-2.01%	51,372 214.05%	24,000
Most Recent Note for BSET - 10/23/2014 12:16:02 PM Perched at its 52-week high and recently challenging its 2013 high with considerable volume-driven gains. Prior mid-day reports cautioned members - "Erratic earnings history is not a match with the fact-based system's guidelines."
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CELG - NASDAQ - DRUGS - Drug Manufacturers - Major Celgene Corp	$100.34	+5.58 5.89%	$100.55	$96.85	3.60%	4,006,895 84.78%	4,726,000
Most Recent Note for CELG - 10/23/2014 12:36:25 PM Hitting new 52-week and all-time highs with today's considerable gap up gain backed by above average volume. Prior mid-day report cautioned members - "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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CLW - NYSE - MANUFACTURING - Packaging & Containers Clearwater Paper Corp	$66.84	+1.75 2.69%	$70.77	$72.94	-8.37%	184,331 127.12%	145,000
Most Recent Note for CLW - 10/23/2014 12:38:31 PM Off earlier highs following a gap up gain today which challenged its 52-week high. Reported earnings +341% while sales revenues rose +5% in the quarter ended September 30, 2014 versus the year ago period. Concerns remain as noted with caution in prior mid-day reports - "Erratic annual earnings (A criteria) is another fundamental concern."
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CTAS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cintas Corp	$71.24	+0.89 1.27%	$71.37	$71.72	-0.67%	587,007 98.33%	597,000
Most Recent Note for CTAS - 10/23/2014 12:41:39 PM Found support at its 50 DMA line during its consolidation, holding its ground since last noted in the 9/30/14 mid-day report as it gapped up for a considerable volume-driven gain and new all-time high. Reported earnings +26% on +0% sales revenues for the Aug '14 quarter, and fundamental concerns remain.
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DPS - NYSE - FOOD & BEVERAGE - Beverages - Soft Drinks Dr Pepper Snapple Group	$68.29	+2.86 4.37%	$69.35	$65.77	3.83%	1,226,838 78.79%	1,557,000
Most Recent Note for DPS - 10/23/2014 12:43:55 PM Gapped up today for a considerable volume-driven gain hitting new 52-week and all-time highs. Found prompt support at its 50 DMA line during its consolidation since last noted with caution in the 7/24/14 mid-day report - "Sales revenues and earnings history has been below the guidelines of the fact-based investment system."
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HNH - NASDAQ - MANUFACTURING - Metal Fabrication Handy & Harman Ltd	$31.71	+0.49 1.57%	$31.98	$32.55	-2.58%	54,791 171.22%	32,000
Most Recent Note for HNH - 10/23/2014 12:55:27 PM Hitting a new 52-week high today. No resistance remains due to overhead supply. Noted with caution in prior mid-day reports - "Prior quarters showed sub par sales and earnings increases versus the year earlier. Annual earnings (A criteria) growth has not been strong and steady. Fundamentally below guidelines of the fact-based investment system."
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KNL - NYSE - CONSUMER DURABLES - Electronic Equipment Knoll Inc	$19.48	+0.13 0.67%	$19.50	$20.10	-3.08%	157,728 113.47%	139,000
Most Recent Note for KNL - 10/23/2014 12:59:40 PM Perched near its 52-week high following a spurt of volume-driven gains. Recent quarterly comparisons through Sep '14 showed earnings increases above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) is a flaw with respect to the fact-based investment system.
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KNX - NYSE - TRANSPORTATION - Trucking Knight Transportation	$28.10	+0.35 1.26%	$28.60	$30.51	-7.90%	488,738 75.77%	645,000
Most Recent Note for KNX - 10/23/2014 1:00:20 PM Reversed into the red on the prior session 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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LEG - NYSE - CONSUMER DURABLES - Home Furnishings & Fixtures Leggett & Platt Inc	$37.20	+1.80 5.08%	$37.28	$36.06	3.16%	805,758 87.01%	926,000
Most Recent Note for LEG - 10/23/2014 1:03:13 PM Hitting new 52-week highs with today's considerable volume-driven gain. Reported earnings +31% on +14% sales for the Sep '14 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth is cause for concern, fundamentally, as it reveals no great demand for a new (N criteria) product or service. Prior mid-day reports cautioned members - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines (C and A criteria).
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LRCX - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Lam Research Corp	$75.27	+3.40 4.73%	$76.12	$77.35	-2.69%	1,788,150 97.50%	1,834,000
Most Recent Note for LRCX - 10/23/2014 1:05:27 PM Rebounded above its 50 DMA line this week and it is challenging its 52-week high with today's considerable volume-driven gain. Reported earnings +19% on +14% sales revenues for the Sep '14 quarter. Prior mid-day reports cautioned members - "Recent quarters through Jun '14 showed better sales and earnings increases satisfying the C criteria. Its annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system. It survived but did little to impress since 12/23/06 when dropped from the Featured Stocks list."
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$37.13	+1.15 3.20%	$37.62	$40.79	-8.97%	483,138 88.65%	545,000
Most Recent Note for MANH - 10/23/2014 1:07:16 PM Approaching its 52-week high with today's 9th consecutive gain. Rebounded after slumping below its 200 DMA line during its consolidation since 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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NP - NYSE - CONSUMER NON-DURABLES - Paper & Paper Products Neenah Paper Inc	$57.92	+1.66 2.95%	$57.95	$57.50	0.73%	53,734 88.09%	61,000
Most Recent Note for NP - 10/23/2014 1:09:29 PM Hitting a new 52-week high with today's 4th consecutive gain backed by above average volume. Reported earnings +13% on +9% sales revenues for the Jun '14 quarter. Prior mid-day reports cautioned - "Fundamentals are a concern after sub par earnings (C criteria)."
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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$67.31	+2.04 3.13%	$68.44	$70.03	-3.88%	13,059 108.83%	12,000
Most Recent Note for NVEC - 10/23/2014 1:12:45 PM Approaching its 52-week high, it gapped up today rebounding above its 50 DMA line. Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines. It survived but failed to impress since dropped from the Featured Stocks list on 10/19/09. NVEC had traded up as much as +88% after first being featured in yellow at $33.85 on 3/13/09 in the mid-day report (read here).
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ORLY - NASDAQ - RETAIL - Auto Parts Stores O Reilly Automotive Inc	$167.72	+10.36 6.58%	$169.13	$160.78	4.32%	836,350 135.77%	616,000
Most Recent Note for ORLY - 10/23/2014 1:14:58 PM Gapped up today hitting new 52-week and all-time highs. Reported earnings +22% on +9% sales revenues for the Sep '14 quarter. Found support at its 200 DMA line the rebounded with volume-driven gains since noted with caution in the 10/15/14 mid-day report - "Reported earnings +21% on +8% sales revenues for the Jun '14 quarter, a 3rd consecutive comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong."
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$52.02	-2.21 -4.08%	$53.80	$58.71	-11.39%	430,884 174.45%	247,000
Most Recent Note for OTEX - 10/23/2014 1:19:58 PM Reported earnings +41% on +40% sales revenues for the Sep '14 quarter, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's fundamental guidelines. Gapped down today, encountering more distributional pressure after meeting resistance at its 50 DMA line. Found support recently at prior highs in the $52 area.
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SGC - NASDAQ - Comml Svcs-Outsourcing Superior Group of Companies	$23.77	+2.20 10.19%	$24.00	$22.94	3.61%	18,796 187.96%	10,000
Most Recent Note for SGC - 10/23/2014 1:25:24 PM Powering to a new 52-week high with today's considerable gap up and volume-driven gain following Sep '14 earnings news. Fundamental concerns remain. Found support near its 50 DMA line during its consolidation since last noted with caution in the 8/14/14 mid-day report - "Prior quarterly and annual earnings increases (C and A criteria) have not been strong and steady enough to meet the fact-based investment system's guidelines."
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UA - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Under Armour Inc Cl A	$66.38	+0.33 0.50%	$67.40	$73.42	-9.59%	5,940,365 234.33%	2,535,000
Most Recent Note for UA - 10/23/2014 1:27:14 PM Encountered resistance at its 50 DMA line this week. Due to fundamental and technical deterioration it was dropped from the Featured Stocks list on 10/01/14.
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USLM - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials United States Lime&Mnrls	$63.92	+0.63 1.00%	$64.50	$68.50	-6.69%	9,868 98.68%	10,000
Most Recent Note for USLM - 10/23/2014 1:28:58 PM 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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VASC - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Vascular Solutions	$27.43	+0.03 0.11%	$27.98	$28.23	-2.83%	48,704 79.84%	61,000
Most Recent Note for VASC - 10/23/2014 1:30:42 PM Reported earnings +5% on +14% sales revenues for the Sep '14 quarter, below the +25% minimum guideline (C criteria). Perched at its 52-week high today while on track for a 7th consecutive volume-driven 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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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$73.33	+0.57 0.78%	$74.11	$79.81	-8.12%	203,279 99.65%	204,000
Most Recent Note for WES - 10/23/2014 1:33:04 PM Reported earnings +39% on +31% sales revenues for the Jun '14 quarter but fundamental concerns remain. Rebounded near its 50 DMA line after slumping well below its 200 DMA line during its consolidation since last noted with caution in the 9/19/14 mid-day report - "Completed new Public Offerings on 12/03/13 and 5/14/13. This Master Limited Partnership's quarterly earnings and sales revenues growth history are below guidelines of the fact-based investment system."
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