Mid-Day Breakouts Report - Friday, November 4th, 2011

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MIDDAY BREAKOUTS REPORT - FRIDAY, NOVEMBER 4TH, 2011
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DOW 11897.04 -147.69 (-1.23%) | NASDAQ 2683.7 -14.15 (-0.52%) | S&P 500 1245.76 -15.39 (-1.22%)

Time of Screening : 11/4/2011 12:01:04 PM Report Released : 11/4/2011 1:31:17 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
AFSI - NASDAQ - INSURANCE - Property &; Casualty Insurance Amtrust Financial Svcs	$26.81	+0.05 0.19%	$27.00	$27.00	-0.70%	151,509 63.85%	237,300
Most Recent Note for AFSI - 11/4/2011 12:04:27 PM Up today for a 3rd consecutive gain with volume running at an above average pace while rising into new all-time high territory. Found support above prior highs during its consolidation since the previously noted 10/24/11 gain helped it rise from an 8-week cup shaped base during which it found support well above its 200 DMA line. Reported earnings +5% on +38% sales revenues for the quarter ended September 30, 2011 versus the year ago period, below the +25% earnings guideline.
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ARMH - NASDAQ - ELECTRONICS - Semiconductor - Specialized A R M Holdings Plc Ads	$30.87	+1.40 4.75%	$30.97	$32.18	-4.09%	3,573,792 87.90%	4,065,600
Most Recent Note for ARMH - 11/4/2011 12:12:00 PM Previously noted in a few September 2011 mid-day reports that since noted in the 2/15/11 mid-day report it has been consolidating. Gapped up today, and little resistance remains after clearing prior chart highs, now approaching its 52-week high. Quarterly results showed strong earnings increases for the past 7 comparisons versus the year ago period through Sep '11, however sales revenues increases have shown sequential deceleration. There was a downturn in its FY '09 earnings, and its annual earnings history (A criteria) was previously noted as below the guidelines of the fact-based investment system.
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CDNS - NASDAQ - Computer Sftwr-Design Cadence Design Systems	$11.06	-0.06 -0.54%	$11.11	$11.38	-2.81%	2,396,469 69.98%	3,424,500
Most Recent Note for CDNS - 11/4/2011 12:13:42 PM Stubbornly holding its ground near its high since last noted in the 10/27/11 mid-day report - "Gapped up today and hit a new 52-week high. The 3 latest quarterly comparisons (Mar, Jun, Sep '11) show strong sales revenues increases and earnings increases above the +25% guideline satisfying the C criteria. Losses in FY '08 and '09 are a flaw concerning its annual earnings history (A criteria)."
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CRVL - NASDAQ - Comml Svcs-Healthcare Corvel Corp	$50.94	-1.82 -3.45%	$52.23	$54.64	-6.77%	30,191 95.84%	31,500
Most Recent Note for CRVL - 11/4/2011 12:20:02 PM Consolidating following a volume-driven gain on 10/27/11 that helped it hit a new 52-week high. Fundamentals are not strong, as was the case when last noted in the 3/23/11 mid-day report - "Quarterly and annual earnings history (C and A criteria) has not been strong and steady enough to meet the investment system's guidelines."
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CVLT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Commvault Systems Inc	$45.86	+0.06 0.13%	$46.12	$47.56	-3.57%	372,667 61.84%	602,600
Most Recent Note for CVLT - 11/4/2011 12:21:32 PM A spurt of small gains has it 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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EGOV - NASDAQ - INTERNET - Internet Software & Services N I C Inc	$13.67	-0.23 -1.65%	$14.00	$14.48	-5.59%	270,294 91.66%	294,900
Most Recent Note for EGOV - 11/4/2011 12:33:03 PM Perched near its 52-week high today, holding its ground with volume totals cooling after considerable volume-driven gains. Reported earnings +22% on +12% sales revenues for the quarter ended September 30, 2011 versus the year earlier. Quarterly and annual earnings (A criteria) history has not been strong and steady while sales revenues increases have been in the +12-14% range, not a good match with the guidelines of the fact-based investment system.
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$24.01	-0.72 -2.91%	$24.99	$25.35	-5.29%	120,593 58.31%	206,800
Most Recent Note for GNRC - 11/4/2011 12:34:09 PM Perched at all-time highs after a spurt of 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	$116.90	-1.90 -1.60%	$118.60	$119.10	-1.85%	519,894 62.96%	825,700
Most Recent Note for GOLD - 11/4/2011 12:38:23 PM Perched at its all-time high after wedging to new high ground this week without great volume conviction following 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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QCOM - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Qualcomm Inc	$55.68	-0.38 -0.68%	$55.86	$59.84	-6.95%	10,057,755 58.27%	17,260,900
Most Recent Note for QCOM - 11/4/2011 1:19:01 PM Volume-driven gains this week helped it rebound from below its 50 and 200 DMA lines. Reported earnings +18% on +39% sales revenues for the quarter ended September 30, 2011 versus the year ago period, below the fact-based investment system's +25% earnings guideline. Previously noted downturn in its FY '09 earnings is a flaw with respect to the A criteria.
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RATE - NYSE - INTERNET - Internet Information Providers Bankrate Inc	$20.40	-0.18 -0.87%	$20.88	$20.99	-2.80%	164,879 73.15%	225,400
Most Recent Note for RATE - 11/4/2011 1:20:24 PM Holding its ground at its all-time high today after 7 consecutive gains. 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	$16.81	+0.20 1.20%	$17.11	$17.11	-1.75%	812,474 69.17%	1,174,600
Most Recent Note for REXX - 11/4/2011 1:21:37 PM Touched another new 52-week high with today's 3rd consecutive volume-driven gain. The 11/02/11 mid-day report noted - "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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SBUX - NASDAQ - LEISURE - Specialty Eateries Starbucks Corp	$44.28	+2.86 6.90%	$44.48	$44.69	-0.92%	8,497,844 112.17%	7,575,600
Most Recent Note for SBUX - 11/4/2011 1:23:26 PM Gapped up today and hit a new 52-week high. Reported earnings +0% on +7% sales revenues for the quarter ended September 30, 2011 versus the year ago period. The Retail - Restaurants firm is not a good match with the guidelines of the fact-based investment system.
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SXL - NYSE - ENERGY - Oil & Gas Pipelines Sunoco Logistics Ptnr Lp	$98.70	+0.88 0.90%	$98.75	$101.95	-3.19%	49,931 57.86%	86,300
Most Recent Note for SXL - 11/4/2011 1:25:41 PM This MLP is holding its ground since reaching another new 52-week high then reversing into the red on 11/02/11. Earnings improved in the Jun and Sep '11 comparisons, but prior history has been sub par. It rebounded from below its 50 and 200 DMA lines and steadily climbed since noted in the 9/06/11 mid-day report - "Quarterly and annual earnings growth (C and A criteria) have been below the fact-based investment system's guidelines."
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VRSK - NASDAQ - DIVERSIFIED SERVICES - research Verisk Analytics Cl A	$37.43	+0.00 0.00%	$37.45	$38.28	-2.22%	550,336 74.99%	733,900
Most Recent Note for VRSK - 11/4/2011 1:28:05 PM Up today for a 3rd consecutive gain with above average volume and yet another new 52-week and all-time high. Technically it broke out after reporting earnings +25% on +18% sales revenues for the quarter ended September 30, 2011 versus the year ago period, but the 11/02/11 mid-day report cautioned - "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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