Mid-Day Breakouts Report - Thursday, October 31st, 2013

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 31ST, 2013
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DOW 15608.75 -10.01 (-0.06%) | NASDAQ 3935.64 5.02 (0.13%) | S&P 500 1763.54 0.23 (0.01%)

Time of Screening : 10/31/2013 11:57:43 AM Report Released : 10/31/2013 1:34:55 PM
Price is: Above 52W High and Less Than 52W High but within 8% 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
FLT - NYSE Fleetcor Technologies	$117.44	+10.28 9.59%	$120.51	956,518 125.31% of 50 DAV 50 DAV is 763,300	$114.16 2.87%	8/19/2013	$99.01	PP = $100.97 MB = $106.02
Most Recent Note - 10/31/2013 12:35:24 PM G - Gapped up from support near its 50 DMA line and hit a new 52-week high with today's considerable volume-driven gain. Endured distributional pressure in recent weeks and has not formed a sound base. Reported earnings +30% on +20% sales revenues for the Sep '13 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2013. Click here.
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KORS - NYSE Michael Kors Hldgs Ltd	$76.90	-1.08 -1.38%	$77.17	2,582,258 78.45% of 50 DAV 50 DAV is 3,291,400	$78.83 -2.45%	8/6/2013	$69.66	PP = $66.28 MB = $69.59
Most Recent Note - 10/31/2013 12:42:20 PM G - Small gap down today after trading heavy volume behind recent gains but making limited price progress versus prior highs in the $78 area, noted as signs it has been enduring distributional pressure. Recent low ($70.59 on 10/09/13) defines the next important near-term support area below its 50 DMA line ($74.74 now). >>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2013. Click here.
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LOPE - NASDAQ Grand Canyon Education	$47.35	-0.54 -1.13%	$48.27	330,421 88.40% of 50 DAV 50 DAV is 373,800	$50.48 -6.20%	6/19/2013	$31.47	PP = $34.17 MB = $35.88
Most Recent Note - 10/31/2013 12:47:31 PM G - Perched near its all-time high today following a gap up on the prior session for a considerable volume-driven gain. Reported earnings +17% on +14% sales revenues for the Sep '13 quarter, its 2nd quarterly comparison with an earnings increase below the +25% minimum guideline (C criteria). Repeatedly noted - "Fundamental concerns remain while technical action has been reassuring." >>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2013. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANIK - NASDAQ - DRUGS - Biotechnology Anika Therapeutics Inc	$28.55	+1.88 7.05%	$31.03	$29.33	-2.66%	377,669 217.30%	173,800
Most Recent Note for ANIK - 10/31/2013 12:05:39 PM Hitting a new 52-week high with today's considerable volume-driven gain and no overhead supply remains to act as resistance. Reported earnings +200% on +20% sales revenues for the Sep '13 quarter, above the +25% minimum earnings guideline for a 4th consecutive quarterly comparison (C criteria). Its up and down annual earnings (A criteria) history leaves fundamental concerns. Recently found support near its 50 DMA line. In the past year it went through a deep consolidation below its 200 DMA line then rebounded impressively and topped its 2012 high ($17.70).
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AOS - NYSE - CONSUMER DURABLES - Electronic Equipment Smith A O Corp	$52.01	+1.72 3.42%	$52.65	$51.52	0.95%	479,675 90.86%	527,900
Most Recent Note for AOS - 10/31/2013 12:07:47 PM Gapped up today hitting another new 52-week high. Held its ground stubbornly following its 10/21/13 gap up for a considerable volume-driven gain. Found support at its 50 DMA line recently. Reported earnings +46% on +16 sales for the Sep '13 quarter, and quarterly earnings increases above the +25% minimum guideline satisfy the C criteria. Prior mid-day reports cautioned - "Its annual earnings history (A criteria) has not been strong and steady."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$84.98	-0.98 -1.13%	$85.71	$86.00	-1.19%	27,462 85.29%	32,200
Most Recent Note for BBSI - 10/31/2013 12:10:18 PM Holding its ground at its new 52-week high today following a gap up and considerable volume-driven gain on the prior session. Tested support at its 50 DMA line with a volume-driven loss on Tuesday. Reported earnings +49% on +33% sales revenues for the Sep '13 quarter, but fundamental concerns remain. Prior mid-day reports cautioned members - "Its annual earnings history (A criteria) has not been strong and steady enough to be a match with the fact-based system's guidelines, considering the drastic downturn in FY '08 and '09 earnings."
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BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$20.86	+0.01 0.05%	$20.99	$21.13	-1.28%	38,280 125.92%	30,400
Most Recent Note for BELFB - 10/31/2013 12:13:49 PM Perched at its 52-week high following a considerable gap up gain on the prior session. Showed better sales revenues and earnings increases in the Jun and Sep '13 quarterly comparisons but prior 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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BWLD - NASDAQ - LEISURE - Restaurants Buffalo Wild Wings Inc	$143.00	+1.78 1.26%	$143.99	$143.90	-0.63%	277,433 85.89%	323,000
Most Recent Note for BWLD - 10/31/2013 12:17:24 PM Following a considerable gap up gain for another new 52-week high backed by above average volume on the prior session, on track today for a 5th consecutive gain into new high territory. Reported earnings +67% on +28% sales revenues for the Sep '13 quarter but fundamental concerns remain. Held its ground stubbornly and rallied since noted with caution in the 10/02/13 mid-day report - "Reported earnings +42% on +28% sales revenues for the quarter ended June 30, 2013 versus the year ago period. Quarterly earnings increases were below the +25% minimum guideline (C criteria) in 5 prior quarterly comparisons versus the year ago periods. Annual earnings (A criteria) history has been strong."
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BYI - NYSE - Leisure-Gaming/Equip Bally Technologies Inc	$74.76	+1.54 2.10%	$78.03	$76.30	-2.02%	635,786 154.43%	411,700
Most Recent Note for BYI - 10/31/2013 12:20:38 PM Gapped up today and hit a new 52-week high, yet it is well off earlier highs. Reported earnings +25% on just +6% sales revenues for the Sep '13 quarter. Rebounded from below its 50 DMA line since last noted in the 10/07/13 mid-day report with caution - "Quarterly comparisons show strong earnings increases meeting the C criteria however a downturn in FY '10 and '11 earnings is a flaw concerning the annual earnings history (A criteria) of the fact-based investment system."
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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$85.41	+2.57 3.10%	$85.99	$86.54	-1.31%	69,486 130.37%	53,300
Most Recent Note for DXPE - 10/31/2013 12:23:11 PM Reported earnings +24% on +14% sales revenues for the Sep '13 quarter. Perched at its 52-week high today after holding its ground and making steady progress since the 10/10/13 mid-day report last cautioned members - "Reported earnings +13% on +18% sales revenues for the quarter ended June 30, 2013 versus the year ago period, below the +25% minimum guideline necessary to satisfy the C criteria. Its up and down annual earnings (A criteria) history is also a concern. Based on weak action it was dropped from the Featured Stocks list on 10/03/08 and fundamentals deteriorated afterward while it slumped from above $21 to as low as $8.57 before rebounding."
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ECPG - NASDAQ - FINANCIAL SERVICES - Credit Services Encore Capital Group Inc	$49.09	-1.42 -2.81%	$50.51	$50.92	-3.59%	288,532 138.32%	208,600
Most Recent Note for ECPG - 10/31/2013 12:25:22 PM Perched at 52-week and all-time highs. Held its ground and rallied further since last noted in the 10/10/13 mid-day report with caution due to fundamental concerns - "Reported earnings +2% on +11% sales revenues for the Jun '13 quarter marking its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). It survived but failed to impress since dropped from the Featured Stocks list on 10/08/12."
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$50.47	+1.46 2.98%	$50.58	$54.83	-7.95%	122,184,547 157.75%	77,454,800
Most Recent Note for FB - 10/31/2013 12:33:38 PM Gapped down today then managed a "positive reversal" after dipping near its 50 DMA line. After its considerable "breakaway gap" on 7/25/13 it steadily advanced. Disciplined investors may watch for a sound base to possibly form and be noted in the weeks ahead, meanwhile it is very extended from any sound base. Reported earnings +108% on +60% sales revenues for the Sep '13 quarter versus the year ago period, its 2nd quarterly comparison with earnings above the +25% minimum. Sequential acceleration in quarterly sales and earnings increases helps it look like a better match with the fact-based investment system's winning models.
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HAR - NYSE - CONSUMER DURABLES - Electronic Equipment Harman Intl Industries	$81.23	+9.21 12.79%	$81.48	$74.65	8.81%	1,376,118 214.65%	641,100
Most Recent Note for HAR - 10/31/2013 12:37:32 PM Considerable gap up and volume-driven gain today for a new 52-week high. Reported earnings +20% on +17% sales revenues for the Sep '13 quarter and fundamental concerns remain. Prior mid-day reports cautioned members - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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HBI - NYSE - Apparel-Clothing Mfg Hanesbrands Inc	$69.11	+5.36 8.40%	$69.35	$65.60	5.34%	806,086 121.42%	663,900
Most Recent Note for HBI - 10/31/2013 12:40:21 PM Reported earnings +11% on -2% sales revenues for the Sep '13 quarter. Today's considerable "breakaway gap" for a new 52-week high may interest purely technical traders, however it was repeatedly noted with caution in prior mid-day reports -"Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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KS - NYSE - MANUFACTURING - Paper & Packaging Kapstone Paper&Packaging	$51.94	+6.27 13.73%	$53.08	$50.10	3.67%	455,332 145.94%	312,000
Most Recent Note for KS - 10/31/2013 12:44:25 PM Considerable gap up gain today with above average volume while rallying for new 52-week and all-time highs. Reported earnings +156% on +74% sales revenues for the Sep '13 quarter but fundamental concerns remain. The 9/16/13 mid-day report cautioned members - "Reported earnings +14%* on +7% sales revenues for the Jun '13 quarter. Earnings history is below guidelines of the fact-based investment system."*
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MA - NYSE - Finance-CrdtCard/PmtPr Mastercard Inc Cl A	$728.08	+2.40 0.33%	$734.62	$737.83	-1.32%	518,623 91.37%	567,600
Most Recent Note for MA - 10/31/2013 12:50:43 PM Perched at 52-week and all-time highs today while churning above average volume. Reported earnings +18% on +16% sales for the Sep '13 quarter, and prior earnings comparisons have been below the +25% minimum earnings guideline (C criteria). Found support when consolidating near its 50 DMA line and showed bullish action since throughout its ongoing advance this year.
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MEOH - NASDAQ - CHEMICALS - Specialty Chemicals Methanex Corp	$57.89	+2.78 5.04%	$58.83	$57.17	1.26%	629,884 140.13%	449,500
Most Recent Note for MEOH - 10/31/2013 12:53:25 PM Hitting new 52-week highs with today's considerable volume-driven gain, extended from any sound base. Reported earnings +221% on +25% sales for the Sep '13 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum (C criteria), however fundamental concerns remain. Prior mid-day reports cautioned - "Earnings growth history is not a good match with the fact-based investment system's C and A criteria."
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MYL - NASDAQ - DRUGS - Drugs - Generic Mylan Inc	$37.70	-0.71 -1.85%	$38.12	$40.55	-7.03%	4,059,303 100.02%	4,058,300
Most Recent Note for MYL - 10/31/2013 12:56:38 PM Sputtering near its 50 DMA line today while enduring more distributional pressure. Reported earnings -1% on -2% sales revenues for the Sep '13 quarter. Slumping with volume-driven losses since last noted in the 10/18/13 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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OCN - NYSE - BANKING - Savings & Loans Ocwen Financial Corp	$59.12	+0.07 0.12%	$59.86	$60.18	-1.76%	2,207,767 149.44%	1,477,400
Most Recent Note for OCN - 10/31/2013 1:02:42 PM Hovering near its 52-week high churning heavy volume today while trading in a wider-than usual intra-day range. Reported earnings +19% on +128% sales revenues for the Sep '13 quarter, below the +25% minimum earnings guideline (C criteria). Ownership by top-rated funds fell from 512 in Mar '13 to 481 in Sep '13, not a reassuring trend concerning the I criteria. Found support at its 50 DMA line on pullbacks and made gradual progress since last noted with caution in the 6/14/13 mid-day report - "Reported very strong earnings and sales revenues increases for the Mar '13 quarter and Jun, Sep, Dec '12 quarters satisfying the C criteria (above the +25% minimum earnings guideline). Found support above its 200 DMA line during its consolidation since noted in the 2/28/13 mid-day report with caution. Its up and down annual earnings (A criteria) history leaves fundamental concerns."
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ROG - NYSE - CONSUMER NON-DURABLES - Rubber & Plastics Rogers Corp	$61.46	+0.37 0.61%	$61.84	$61.50	-0.07%	164,555 166.39%	98,900
Most Recent Note for ROG - 10/31/2013 1:04:40 PM Hitting a new 52-week high today with its 2nd consecutive volume-driven gain. Reported earnings +17% on +11% sales revenues for the Sep '13 quarter, and fundamental concerns remain. Prior mid-day reports cautioned - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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SBUX - NASDAQ - LEISURE - Specialty Eateries Starbucks Corp	$81.09	+0.26 0.32%	$81.27	$81.08	0.01%	5,002,393 130.69%	3,827,700
Most Recent Note for SBUX - 10/31/2013 1:14:36 PM Hit new 52-week and all-time highs today, and on track for a 9th consecutive weekly gain. Reported earnings +30% on +13% sales revenues for the quarter ended September 30, 2013 versus the year ago period. That marked the 2nd consecutive quarterly comparison with an earnings increase above the +25% minimum guideline (C criteria). The Retail - Restaurants firm has a large supply of 751.4 million shares (S criteria) outstanding and is already owned by 1,800 top-rated funds (I criteria), not making it match well with the guidelines of the fact-based investment system.
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SHLO - NASDAQ - METALS & MINING - Steel & Iron Shiloh Industries Inc	$15.94	+0.80 5.28%	$15.98	$15.23	4.66%	69,087 94.00%	73,500
Most Recent Note for SHLO - 10/31/2013 1:16:53 PM Hitting yet another new 52-week high with above average volume behind today's considerable gain. Held its ground stubbornly after a recent streak of volume-driven gains for new highs. Prior mid-day reports repeatedly 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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SMP - NYSE - AUTOMOTIVE - Auto Parts Standard Motor Prod Cl A	$39.21	+4.54 13.09%	$39.99	$38.05	3.05%	183,869 126.11%	145,800
Most Recent Note for SMP - 10/31/2013 1:22:06 PM Hitting a new 52-week high with today's considerable volume-driven gain. Reported earnings +8% on -4% sales revenues for the quarter ending Sep 30, 2013, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Volume and volatility often increase near earnings news. Found support above its 200 DMA line during its consolidation since last noted with caution in the 8/06/13 mid-day report. This high-ranked firm in the Auto/Truck - Replacement Parts industry's annual earnings (A criteria) history has been strong since a loss in FY '08.
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THRM - NASDAQ - AUTOMOTIVE - Auto Parts Gentherm Inc	$21.94	+1.17 5.63%	$21.99	$21.57	1.72%	453,869 194.88%	232,900
Most Recent Note for THRM - 10/31/2013 1:29:31 PM Powering into new 52-week and all-time high territory today with a considerable gain backed by great volume conviction. Reported earnings +120% on +21% sales revenues for the Sep '13 quarter. That marked its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Fundamental concerns remain after a drastic downturn in FY '08 and '09 earnings (A criteria).
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TRIP - NASDAQ - INTERNET - Internet Information Providers TripAdvisor Inc	$83.81	+3.59 4.48%	$84.64	$83.00	0.98%	1,855,943 88.73%	2,091,700
Most Recent Note for TRIP - 10/31/2013 1:34:37 PM Hitting a new 52-week high today after a gap up. Reported earnings -2% on +20% sales revenues for the Sep '13 quarter, below the +25% minimum earnings guideline (C criteria) raising greater fundamental concerns. Rebounded after violating its 50 DMA line with volume-driven losses in early-October. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports repeatedly cautioned members - "Fundamentals remain a concern."
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