Mid-Day Breakouts Report - Wednesday, November 7th, 2012

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 7TH, 2012
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DOW 12947.69 -297.91 (-2.25%) | NASDAQ 2940.19 -71.74 (-2.38%) | S&P 500 1397.32 -31.07 (-2.18%)

Time of Screening : 11/7/2012 11:54:57 AM Report Released : 11/7/2012 12:50:43 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
CFNL - NASDAQ Cardinal Financial Corp	$15.82	-0.30 -1.83%	$16.05	94,389 78.59% of 50 DAV 50 DAV is 120,100	$16.21 -2.44%	8/17/2012	$12.84	PP = $13.31 MB = $13.98
Most Recent Note - 11/7/2012 12:01:58 PM G - Perched near its 52-week high today, holding its ground stubbornly after getting extended from its prior base. Prior high ($14.79 on 9/24/12) defines initial support to watch above its 50 DMA line on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2012. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACET - NASDAQ - CHEMICALS - Specialty Chemicals Aceto Corp	$9.92	-0.28 -2.75%	$10.05	$10.20	-2.75%	96,121 97.88%	98,200
Most Recent Note for ACET - 11/7/2012 11:57:45 AM Holding its ground near its 52-week high since last noted in the 11/01/12 mid-day report - "Found support near its 200 DMA line while consolidating in recent months. Reported sales revenues -8% and yet it grew earnings +31% for the Jun '12 quarter. This low-priced stock has an up and down annual earnings (A criteria) history."
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AMGN - NASDAQ - DRUGS - Biotechnology Amgen Inc	$84.73	-2.56 -2.93%	$86.90	$89.95	-5.80%	3,571,294 84.32%	4,235,600
Most Recent Note for AMGN - 11/7/2012 11:59:18 AM Trading down and dipping below its 50 DMA line today. Reported earnings +19% on +10% sales revenues for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria). Prior mid-day reports noted - "It has a slow and steady annual earnings (A criteria) history. The Mar and Jun '12 quarterly comparisons showed sales revenues and earnings acceleration, however it is not a match with the fact-based investment system's fundamental guidelines."
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BKE - NYSE - RETAIL - Apparel Stores Buckle Inc	$48.87	+1.25 2.62%	$49.50	$50.00	-2.26%	585,149 214.42%	272,900
Most Recent Note for BKE - 11/7/2012 12:00:53 PM Approaching its 52-week high today while adding to a spurt of volume-driven gains. Sales and earnings history is below the fact-based investment system guidelines. It survived but failed to impress since it was dropped from the Featured Stocks list on 10/10/08. Traded up as much as +37.15% after first featured in the 4/16/08 CANSLIM.net Mid-Day BreakOuts Report (read here)."
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CI - NYSE - Medical-Managed Care Cigna Corp	$52.04	-1.27 -2.38%	$52.85	$53.75	-3.18%	1,838,504 82.64%	2,224,600
Most Recent Note for CI - 11/7/2012 12:05:11 PM Perched near its 52-week high today. Reported strong sales and earnings increases for the Sep '12 quarter, however the Medical- Managed Care firm's prior sales revenues and earnings history (C criteria) is not a match with the investment system's guidelines.
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CYH - NYSE - HEALTH SERVICES - Hospitals Community Health System	$30.33	+1.65 5.75%	$32.70	$32.70	-7.25%	3,881,603 349.19%	1,111,600
Most Recent Note for CYH - 11/7/2012 12:05:54 PM Gapped up today and hit a new 52-week high. Prior mid-day reports noted - "Reported earnings +0% on +9% sales revenues for the Sep '12 quarter versus the year ago period. Additional overhead supply exists to act as resistance up through the $42 area. Quarterly earnings increases have been below the +25% guideline. It survived but failed to impress since last noted after dropped from Featured Stocks list on 2/08/06."
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EGBN - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Eagle Bancorp Inc	$20.65	-0.35 -1.67%	$21.25	$21.56	-4.22%	53,470 75.63%	70,700
Most Recent Note for EGBN - 11/7/2012 12:09:25 PM Completed a new Public Offering on 10/29/12 after rallying with above average volume from its 50 DMA line to new 52-week highs. Reported earnings +47% on +21% sales revenues for the quarter ended Sep 30, 2012 versus the year ago period. This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons, however its annual earnings (A criteria) history included a downturn in FY '07 - 09 and has not been strong and steady.
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FBC - NYSE - BANKING - Savings & Loans Flagstar Bancorp Inc	$15.50	-0.50 -3.13%	$16.00	$16.22	-4.44%	246,344 85.60%	287,800
Most Recent Note for FBC - 11/7/2012 12:10:37 PM Hovering near its 52-week high today following 6 consecutive gains. Prior mid-day reports noted - "Earnings history is not a match with the fact-based investment system's guidelines. Recent quarters show improving sales and earnings following a severe downturn and massive losses in FY '07 through FY '11."
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FNF - NYSE - INSURANCE - Surety & Title Insurance Fidelity Natl Finl Inc	$22.36	+0.01 0.04%	$22.44	$23.27	-3.91%	2,600,069 102.59%	2,534,500
Most Recent Note for FNF - 11/7/2012 12:11:39 PM Consolidating above its 50 DMA line. The 11/06/12 mid-day report noted - "Reported earnings above the +25% minimum guideline (C criteria) in the Mar, Jun, and Sep '12 quarterly comparisons versus the year ago periods, however its prior quarterly and annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$38.42	+0.91 2.43%	$38.71	$39.18	-1.94%	807,299 133.75%	603,600
Most Recent Note for GNRC - 11/7/2012 12:12:51 PM Reported earnings +4% on +26% sales for the Sep '12 quarter, well below the +25% minimum earnings guideline (C criteria) of the fact-based system. Holding its ground following a recent streak of 8 consecutive gains into new 52-week high territory with volume running at an above average pace. Found support at its 200 DMA line during its consolidation since noted in the 8/02/12 mid-day report - "Gapped up today and hit new 52-week and all-time highs with above average volume behind its gain while clearing prior resistance in the $23 area. Reported earnings +41% on +48% sales revenues for the Jun '12 quarter. It has earned high ranks and no resistance remains to hinder its progress. Consensus estimates for FY '12 and '13 earnings +7% and 0%, respectively, and its low P/E valuation suggest that the outlook for future growth is a concern."
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HCA - NYSE - HEALTH SERVICES - Hospitals H C A Holdings Inc	$33.40	+2.47 7.99%	$33.95	$34.32	-2.68%	11,637,285 416.48%	2,794,200
Most Recent Note for HCA - 11/7/2012 12:14:59 PM Gapped up today, nearly challenging its 52-week high. Found support above its 200 DMA line during its consolidation since last noted in the 10/15/12 mid-day report - "It faces additional resistance due to overhead supply. Earnings increases above the +25% minimum guideline satisfy the C criteria and its strong annual earnings (A criteria) history also helped it earn high ranks. Increasing ownership by top-rated funds is reassuring concerning the I criteria."
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HVT - NYSE - RETAIL - Home Furnishing Stores Haverty Furniture Inc	$15.48	-0.04 -0.26%	$15.60	$15.65	-1.09%	54,649 106.32%	51,400
Most Recent Note for HVT - 11/7/2012 12:16:06 PM Still hovering near its 52-week high today following a spurt of volume-driven gains. Prior mid-day reports noted - "Sales and earnings history remains below guidelines of the fact-based investment system."
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IEC - AMEX - Elec-Contract Mfg I E C Electronics Corp	$6.83	-0.05 -0.73%	$6.91	$7.35	-7.07%	23,800 85.30%	27,900
Most Recent Note for IEC - 11/7/2012 12:17:23 PM Encountered distributional pressure since last noted in the 10/23/12 mid-day report - "It faces resistance due to overhead supply up through the $9 level. It has earned high ranks and has a strong annual earnings (A criteria) history. Quarterly comparisons show mostly strong earnings increases, but sales revenues growth has been decelerating, +28%, +18%, +8%, and +4% in the Sep, Dec '11, Mar and Jun '12 periods, respectively."
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M - NYSE - RETAIL - Department Stores Macy's Inc	$40.86	-0.53 -1.27%	$41.98	$42.17	-3.12%	4,461,094 92.40%	4,828,100
Most Recent Note for M - 11/7/2012 12:21:40 PM Challenging its 52-week high today following 4 consecutive gains. Reported earnings +13% on +4% sales revenues for the quarter ended October 31, 2012 versus the year ago period, below the +25% minimum earnings guideline (C criteria). Found support at its 200 DMA line in recent months. Recent quarterly comparisons showed lackluster sales revenues growth and its prior earnings history (including a downward turn in FY '09 earnings) makes it a sub par candidate.
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$60.00	-2.58 -4.12%	$61.99	$65.00	-7.69%	247,498 171.87%	144,000
Most Recent Note for MANH - 11/7/2012 12:23:02 PM Still holding its ground since gapping up for a new 52-week high on 10/17/12 with a considerable volume-driven gain when noted - "Reported earnings +12% on +12% sales revenues for the quarter ended September 30, 2012 versus the year ago period, below the +25% minimum earnings guideline for a 2nd consecutive quarterly comparison. A dip in its FY '09 earnings has been noted as a flaw concerning the A criteria making it not a solid match with the fact-based system's guidelines."
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MED - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Medifast Inc	$29.20	+0.09 0.31%	$29.96	$29.96	-2.54%	99,481 78.09%	127,400
Most Recent Note for MED - 11/7/2012 12:24:29 PM Hit another new 52-week high today following a gap up on the prior session for a considerable volume-driven gain. The 11/06/12 mid-day report noted - "Reported earnings +44% on +20% sales revenues for the Sep '12 quarter. Prior quarterly earnings (C criteria) comparisons have shown sub par earnings growth versus the year ago periods, and its annual earnings (A criteria) history included a slight downturn in FY '11."
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MYGN - NASDAQ - DRUGS - Diagnostic Substances Myriad Genetics	$29.71	-0.94 -3.06%	$30.57	$31.80	-6.57%	687,168 112.76%	609,400
Most Recent Note for MYGN - 11/7/2012 12:26:53 PM Pulling back today following a considerable volume-driven gain for a new 52-week high on the prior session. Found support at its 200 DMA line during its consolidations since last noted in the 5/02/12 mid-day report - "Quarterly and annual earnings history has not been strong and steady, falling short of the guidelines for the C & A criteria even though it has earned high ranks."
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PRGO - NYSE - DRUGS - Drug Related Products Perrigo Co Plc	$109.20	-6.17 -5.35%	$110.80	$120.78	-9.59%	1,651,894 298.77%	552,900
Most Recent Note for PRGO - 11/7/2012 12:31:07 PM Gapped down today and traded under its 200 DMA line at earlier lows. Reported earnings +15% on +7% sales revenues for the quarter ended September 30, 2012 versus the year ago period. It was dropped from the Featured Stocks list on 2/13/12 when noted - "Reported earnings +14% on +17% sales revenues for the quarter ended December 31, 2011 versus the year ago period, raising fundamental concerns with earnings below the +25% minimum guideline."
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PSMT - NASDAQ - RETAIL - Drug Stores Pricesmart Inc	$78.97	-4.94 -5.89%	$82.71	$86.00	-8.17%	101,425 108.71%	93,300
Most Recent Note for PSMT - 11/7/2012 12:33:07 PM Down considerably today with higher volume, slumping near its 50 DMA line. Reported earnings +38% on +15% sales revenues for the Aug '12 quarter. The 4 prior quarterly comparisons showed earnings below the +25% minimum guideline. Since noted in the 4/05/12 mid-day report it went on to hit new highs then went through a deep consolidation below its 200 DMA line before rebounding again to new highs last week.
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SLM - NASDAQ - FINANCIAL SERVICES - Credit Services S L M Corp	$16.89	-0.86 -4.85%	$17.12	$17.99	-6.11%	2,941,201 94.98%	3,096,500
Most Recent Note for SLM - 11/7/2012 12:35:15 PM Gapped down today. Quarterly and annual earnings history has not been a match with the fact-based investment system's guidelines (C and A criteria).
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SWHC - NASDAQ - CONSUMER DURABLES - Sporting Goods Smith & Wesson Hldg Corp	$10.19	+0.73 7.66%	$10.48	$11.24	-9.39%	4,532,660 199.99%	2,266,400
Most Recent Note for SWHC - 11/7/2012 12:37:51 PM Gapped up today, rebounding back above its 50 DMA line yet still -9.1% off its 52-week high. Reported earnings +600% on +48% sales revenues for the quarter ended July 31, 2012 versus the year ago period. It undercut its 50 DMA line then rebounded twice since noted in the 7/30/12 mid-day report - "Its earnings in the quarter ended April 30, 2012 showed a +125% increase on +26% sales revenues versus the year ago period. Its quarterly and annual earnings history has not been strong and steady since noted in the 10/30/07 mid-day report."
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THC - NYSE - HEALTH SERVICES - Hospitals Tenet Healthcare Corp	$26.69	+1.74 6.95%	$27.14	$27.20	-1.89%	4,158,378 170.29%	2,441,900
Most Recent Note for THC - 11/7/2012 12:41:34 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Found support at its 50 DMA line during its consolidation and its shares reverse split 1:4 since last noted in the 10/04/12 mid-day report - "Annual earnings history (A criteria) has improved in recent years, but lackluster sales revenues and earnings in the Mar and Jun '12 quarters leaves fundamental concerns. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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TMH - NYSE - HEALTH SERVICES -Healthcare Information Service Team Health Hldgs Inc	$29.49	+0.82 2.86%	$30.00	$30.00	-1.70%	672,937 132.55%	507,700
Most Recent Note for TMH - 11/7/2012 12:43:09 PM Hit a new 52-week high with today's 8th consecutive gain after testing support at its 200 DMA line. No overhead supply remains to act as resistance. Completed a Secondary Offering on 3/02/11. Reported earnings +29% on +22% sales revenues for the Sep '12 period. Earnings increases were below the +25% minimum guideline (C criteria) in the 3 prior quarterly comparisons.
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VRTS - NASDAQ - FINANCIAL SERVICES - Asset Management Virtus Investment Ptnrs	$103.20	-1.85 -1.76%	$104.15	$105.30	-1.99%	27,563 89.78%	30,700
Most Recent Note for VRTS - 11/7/2012 12:44:16 PM Pulling back from its 52-week high today following 8 consecutive gains. It is extended from any sound base. The 11/01/12 mid-day report noted - "Recent quarterly comparisons shown greatly improved earnings and sales revenues. Prior earnings history is below the fact-based system's guidelines."
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WFM - NASDAQ - RETAIL - Grocery Stores Whole Foods Market Inc	$96.25	-1.75 -1.79%	$97.27	$101.86	-5.51%	1,158,601 94.55%	1,225,400
Most Recent Note for WFM - 11/7/2012 12:50:21 PM Fundamentals remain strong (C and A criteria) while consolidating -5.5% off its 52-week high today, sputtering near its 50 DMA line. Due to report earnings after the session's close. Poor market conditions (M criteria) are an overriding concern until the major averages are back in a new confirmed rally. It found support above its 200 DMA line and rebounded impressively after it was dropped from the Featured Stocks list on 7/20/12.
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