Mid-Day Breakouts Report - Wednesday, November 2nd, 2011

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 2ND, 2011
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DOW 11780.6 122.64 (1.05%) | NASDAQ 2618.83 11.87 (0.46%) | S&P 500 1230.6 12.32 (1.01%)

Time of Screening : 11/2/2011 12:18:11 PM Report Released : 11/2/2011 2:12:21 PM
Price is: Above 52W High and Less Than 52W High but within 8% of the 52 Week High
Volume Is: At least 57.5% 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AKRX - NASDAQ - DRUGS - Drug Manufacturers - Other Akorn Inc	$9.66	-0.24 -2.38%	$10.00	$10.35	-6.71%	796,992 68.15%	1,169,400
Most Recent Note for AKRX - 11/2/2011 12:25:02 PM This low-priced firm in the pharmaceuticals business hit a new high on the prior session, rising from a 6-week "V" shaped consolidation. Recent quarterly comparisons show strong sales revenues and earnings increases, however it does not have a strong annual earnings history (A criteria not satisfied) matching the models of past great winners identified using the fact-based investment system.
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ANSS - NASDAQ - Computer Sftwr-Design Ansys Inc	$54.13	+1.19 2.25%	$54.80	$57.50	-5.86%	373,781 78.97%	473,300
Most Recent Note for ANSS - 11/2/2011 12:29:15 PM It has survived but failed to impress since dropped from the Featured Stocks list on 9/17/09. Due to report earnings on November 3rd. Prior earnings increases have been just below the +25% guideline in recent quarterly comparisons. It has maintained a steady annual earnings (A criteria) growth history.
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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen Altisource Ptf Sltns Sa	$41.85	+1.41 3.49%	$41.87	$41.87	-0.05%	72,204 100.98%	71,500
Most Recent Note for ASPS - 11/2/2011 12:34:36 PM Rallying into new all-time high territory with a recent spurt of volume-driven gains. Technically, it broke out with a considerable gain on 10/27/11. Quarterly earnings increases have been mostly strong and backed by solid sales revenues increases, but the -16% earnings in its Jun '11 quarter is a flaw concerning the C criteria. This Luxembourg-based Financial Services firm's small supply (S criteria) of only 16.2 million shares in the public float can contribute to greater volatility in the event of institutional buying or selling. ASPS was dropped from the Featured Stocks list on 10/07/10 then violated its 200 DMA with a streak of volume-driven losses, and it subsequently rebounded back above its 200 DMA and 50 DMA lines.
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BGS - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods B & G Foods Inc	$21.16	+0.37 1.78%	$21.52	$21.83	-3.06%	296,717 75.39%	393,600
Most Recent Note for BGS - 11/2/2011 12:36:20 PM Perched near its 52-week high today following volume-driven gains on news of an agreement to acquire Culver Specialty Brands, including Mrs. Dash, from Unilever. No overhead supply remains to act as resistance. It had slumped under its 200 DMA during its consolidation since noted in the 7/06/11 mid-day report - "Its earnings history has been strong, but the lack of sales revenues growth raises concerns that there is not great or growing demand for a new (N criteria) product or services."
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BIRT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Actuate Corp	$6.50	+0.45 7.44%	$6.55	$6.76	-3.85%	206,452 70.99%	290,800
Most Recent Note for BIRT - 11/2/2011 12:38:22 PM Earnings history for this low-priced Computer Software - Enterprise firm has been below the fact-based investment system's guidelines.
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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$68.55	+0.45 0.66%	$69.16	$72.86	-5.92%	220,348 65.70%	335,400
Most Recent Note for CPA - 11/2/2011 12:41:10 PM Still perched near its 52-week high today, however its choppy consolidation is not considered to be a sound base pattern. The rebound above its 50 DMA line helped its outlook improve. Due to report earnings on November 9th. It promptly repaired a recent violation of its 200 DMA line after it was dropped from the Featured Stocks list on 9/30/11.
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CVLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Commvault Systems Inc	$44.16	-0.62 -1.38%	$45.75	$47.56	-7.15%	434,075 71.76%	604,900
Most Recent Note for CVLT - 11/2/2011 12:43:47 PM Approaching its 52-week high after a deep 4-month consolidation. The Jun and Sep '11 quarters showed better than +25% increases in sales revenues and earnings, but prior comparisons showed sub par fundamentals. It had slumped below its 200 DMA line while encountering distributional pressure after wedging to new all-time highs without great volume conviction following the 6/28/11 mid-day report which noted - "Based on poor technical action it was dropped from the Featured Stocks list on 7/13/10. It has rebounded impressively since, yet its fundamental characteristics today are not a match for the fact-based system at all. Disciplined investors avoid the temptation to get in 'early' and may review earlier notes and observe that CVLT did not trigger a technical buy signal after it had been featured in the 7/06/10 mid-day report."
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DISCA - NASDAQ - MEDIA - Broadcasting - TV Discovery Com Cl A	$43.67	+1.40 3.31%	$44.11	$45.81	-4.67%	2,032,704 110.86%	1,833,600
Most Recent Note for DISCA - 11/2/2011 12:56:07 PM Ownership by top-rated funds fell from 988 in Mar '11 to 942 in Sep '11. Little resistance remains due to overhead supply up through the $45 area. Sales revenues increases and earnings have shown acceleration in recent quarterly comparisons while earnings were above the +25% guideline. However, in 5 of the past 8 quarters (through Sep 2011) there are blue triangles beside the earnings figure on the chart service used by our experts - which indicates pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$23.43	+0.20 0.86%	$23.47	$24.26	-3.42%	128,667 64.66%	199,000
Most Recent Note for GNRC - 11/2/2011 12:59:09 PM Inching into new high territory with a recent spurt of small volume-driven gains above prior resistance in the $21 area. Sales and earnings increases in the Sep '11 quarter improved, but its prior history has been below the fact-based investment system's guidelines.
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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$115.20	+4.92 4.46%	$117.24	$117.24	-1.74%	670,030 78.91%	849,100
Most Recent Note for GOLD - 11/2/2011 1:04:30 PM Gapped up today and touched a new all-time high after a sloppy 6-week consolidation. No overhead supply remains to act as resistance. This UK-headquartered firm in the Mining - Gold/Silver/Gems group showed very strong sales revenues and earnings increases in the Mar, Jun, and Sep '11 quarterly comparisons much greater than the +25% minimum guideline following sub par Dec '10 quarterly results. Up and down annual earnings (A criteria) history is a concern.
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INT - NYSE - WHOLESALE - Basic Materials Wholesale World Fuel Services Corp	$40.92	+2.13 5.49%	$41.26	$42.15	-2.92%	643,590 112.07%	574,300
Most Recent Note for INT - 11/2/2011 1:09:46 PM Perched within close striking distance of its 52-week high today with little overhead supply remaining to act as resistance. Its annual earnings history (A criteria) has been great. Quarterly earnings rose +26% on +91% sales revenues for the quarter ended September 30, 2011 versus the year ago period. The 3 prior quarterly comparisons showed earnings increases below the +25% guideline but recently accelerating. Ownership by top-rated funds fell from 495 in Mar '11 to 449 in Sep '11.
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MA - NYSE - Finance-CrdtCard/PmtPr Mastercard Inc Cl A	$357.51	+23.21 6.94%	$364.80	$364.80	-2.00%	1,736,885 123.52%	1,406,100
Most Recent Note for MA - 11/2/2011 1:18:27 PM Gapped up today and touched a new all-time high after reporting earnings +43% on +27% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Rebounded impressively and no overhead supply remains to act as resistance, but its 6-week "V" shaped consolidation is not recognized as a sound new base pattern. Damaging losses recently triggered technical sell signals and it was dropped from the Featured Stocks list on 10/04/11.
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$41.93	+0.42 1.01%	$42.02	$42.91	-2.28%	101,003 63.52%	159,000
Most Recent Note for MANH - 11/2/2011 1:21:30 PM Holding its ground near its 52-week high while churning above average volume for the past week. Big gains on heavy volume (10/18 & 10/19) helped it break out from a previously noted 13-week base. It rallied clear of all resistance due to overhead supply. The Jun and Sep '11 quarters showed great fundamental improvement. Prior quarterly and annual earnings (C and A criteria) results have been up and down, not showing strong and steady growth matching the fact-based system's guidelines.
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$81.72	+2.42 3.05%	$82.42	$87.32	-6.41%	1,258,509 59.55%	2,113,300
Most Recent Note for MCK - 11/2/2011 1:43:07 PM Technically it broke out from a "double bottom" base with a big gap up gain on 10/26/11. It has a steady annual earnings (A criteria) history, however the Mar and Sep '11 quarters were the only periods with earnings increases above the +25% minimum guideline in the span of at least 8 quarterly comparisons. Sales revenues increases have been limited to the +8-10% range. Ownership by top-rated funds has been waning this year.
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RATE - NYSE - INTERNET - Internet Information Providers Bankrate Inc	$19.96	+0.17 0.86%	$20.48	$20.48	-2.54%	169,445 79.55%	213,000
Most Recent Note for RATE - 11/2/2011 1:51:33 PM Hit another new all-time high with today's 6th consecutive gain. Recent quarterly comparisons showed strong sales revenues increases and solid earnings versus year ago losses. Limited history since its 6/17/11 IPO is cause for concern and its annual earnings (A criteria) is not a match with the fact-based investment system's guidelines.
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REXX - NASDAQ - Oil&Gas-U S Expl&Prod Rex Energy Corp	$15.65	+1.42 10.00%	$16.15	$16.50	-5.13%	1,062,328 94.78%	1,120,800
Most Recent Note for REXX - 11/2/2011 1:54:32 PM Recent quarterly comparisons showed greatly improved sales revenues and earnings results after losses in FY '08 -'10 (bad A criteria). Erratic price action in recent weeks is not a sound base pattern, yet it has rallied clear of all resistance due to overhead supply.
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized Silicon Motion Tech Ads	$18.13	+2.36 14.97%	$18.25	$18.58	-2.42%	1,891,427 314.50%	601,400
Most Recent Note for SIMO - 11/2/2011 1:57:48 PM Gapped up today for a considerable gain and another new 52-week high. Stubbornly held its ground following recent volume-driven gains, rising with no overhead supply to act as resistance. Reported earnings +138% on +73% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Recent quarterly comparisons show greatly improved sales revenues and earnings increases. Its annual earnings (A criteria) growth has not been strong and steady, and included a loss in FY '09, so it is fundamentally below guidelines of the fact-based investment system. It survived but failed to impress since dropped from the Featured Stocks list on 7/26/07.
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VRSK - NASDAQ - DIVERSIFIED SERVICES - research Verisk Analytics Cl A	$35.75	+2.03 6.01%	$36.00	$36.00	-0.71%	1,067,716 153.01%	697,800
Most Recent Note for VRSK - 11/2/2011 2:07:18 PM Hit a new 52-week and all-time high today after reporting earnings +25% on +18% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Prior comparisons were just under the +25% earnings guideline while it showed slight sales and earnings acceleration, and its annual earnings (A criteria) history is good. No resistance remains due to overhead supply as it is inching above multi-month resistance in the $35 area.
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WCG - NYSE - HEALTH SERVICES - Health Care Plans Wellcare Health Plans	$51.89	+4.26 8.94%	$52.00	$55.75	-6.92%	739,182 122.22%	604,800
Most Recent Note for WCG - 11/2/2011 2:11:06 PM Gapped up today, approaching its 52-week high. Reported earnings +142% on +11% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Leadership in the Medical - Managed Care industry group (L criteria) has contributed greatly to its recent performance. Recent quarterly comparisons show improving sales revenues and big earnings improvements, but its annual earnings (A criteria) history is below the investment system guidelines.
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WPC - NYSE - REAL ESTATE - Property Management/Developmen W P Carey Inc Reit	$40.30	+1.70 4.40%	$40.60	$42.72	-5.66%	34,627 67.76%	51,100
Most Recent Note for WPC - 11/2/2011 2:12:04 PM The 10/27/11 mid-day report noted - "Showed stronger sales revenues and earnings increases in the Mar and Jun '11 quarters, and it is due to report earnings on Tuesday, November 8th. Its annual earnings (A criteria) history has been below the fact-based investment system's guidelines."
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