Mid-Day Breakouts Report - Monday, December 5th, 2011

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MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 5TH, 2011
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DOW 12167.12 147.85 (1.23%) | NASDAQ 2668.9 41.97 (1.60%) | S&P 500 1264.54 20.26 (1.63%)

Time of Screening : 12/5/2011 11:51:58 AM Report Released : 12/5/2011 12:32:21 PM
Price is: Above 52W High and Less Than 52W High but within 5% 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

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
MELI - NASDAQ Mercadolibre Inc	$91.08	+5.74 6.73%	$92.29	511,178 76.82% of 50 DAV 50 DAV is 665,400	$92.73 -1.78%	12/5/2011	$91.08	PP = $92.83 MB = $97.47
Most Recent Note - 12/5/2011 12:14:01 PM Y - Challenging its 52-week high today and its color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. Went through a deep consolidation below its 50 and 200 DMA lines since dropped from the Featured Stocks list on 6/13/11. Earnings history has remained strong, satisfying the C and A criteria. >>> The latest Featured Stock Update with an annotated graph appeared on 6/3/2011. Click here.
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MG - NYSE Mistras Group Inc	$24.86	+1.25 5.29%	$25.24	149,034 71.96% of 50 DAV 50 DAV is 207,100	$25.24 -1.51%	10/28/2011	$22.49	PP = $23.61 MB = $24.79
Most Recent Note - 12/5/2011 12:19:59 PM Y - Up today and hitting a new 52-week high, rallying near its "max buy" level. A strong close with sufficient volume may trigger a proper technical buy signal. Its 50 DMA line and prior highs acted as support. >>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2011. Click here.
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ULTA - NASDAQ Ulta Salon Cosm & Frag	$73.55	-0.64 -0.86%	$75.70	616,896 58.29% of 50 DAV 50 DAV is 1,058,400	$75.70 -2.84%	12/2/2011	$72.88	PP = $75.79 MB = $79.58
Most Recent Note - 12/5/2011 12:30:58 PM Y - Touching a new 52-week high today. No resistance remains due to overhead supply and it may be working on a late-stage "square box" type base pattern. Its fundamentals (C and A criteria) remain strong. Color code is changed to yellow with new pivot point based on its 52-week high plus 10 cents. >>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2011. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMSWA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software American Software Inc A	$8.88	-0.03 -0.34%	$9.10	$9.10	-2.42%	63,872 71.29%	89,600
Most Recent Note for AMSWA - 12/5/2011 11:54:41 AM Hit another new 52-week high today and no overhead supply remains to act as resistance. Found support near its 50 and 200 DMA lines when consolidating since last noted in the 11/11/11 mid-day report - "The 2 latest quarterly comparisons (Apr and Jul '11) showed better sales revenues and earnings increases but prior quarters and its annual earnings (A criteria) history fall short of the fact-based investment system's guidelines. Low-priced stocks are considered riskier candidates and typically should be avoided unless all key criteria are solidly satisfied."
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ASPS - NASDAQ - REAL ESTATE - Property Management/Developmen Altisource Ptf Sltns Sa	$48.03	-0.07 -0.15%	$48.25	$48.24	-0.44%	41,848 59.27%	70,600
Most Recent Note for ASPS - 12/5/2011 11:55:08 AM Inching steadily higher for yet another new high today. Prior mid-day reports noted - "Rallied to 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	$23.46	+0.61 2.68%	$23.64	$23.64	-0.75%	300,988 75.00%	401,300
Most Recent Note for BGS - 12/5/2011 11:56:19 AM Hit a new 52-week high today. Last noted in the 11/02/11 mid-day report 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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BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Blackbaud Inc	$30.07	+0.44 1.48%	$30.16	$30.39	-1.05%	114,294 64.65%	176,800
Most Recent Note for BLKB - 12/5/2011 11:58:51 AM Found support near its 50 and 200 DMA lines when consolidating recently. Perched near its 52-week high today while extending its winning streak to 4 consecutive gains. Its earnings and sales history remain below guidelines, leaving fundamental concerns. Last noted in the 9/28/09 mid-day report.
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CBM - NYSE - CHEMICALS - Specialty Chemicals Cambrex Corp	$7.18	+0.08 1.13%	$7.25	$7.25	-0.97%	153,574 116.96%	131,300
Most Recent Note for CBM - 12/5/2011 12:01:00 PM Touched another new 52-week high today. This low-priced Medical - products firm was last noted in the 11/30/11 mid-day report- "Sales revenues increases showed modest acceleration in recent quarterly comparisons while earnings improved. Annual earnings (A criteria) history has not been strong and steady. Low-priced stocks are discouraged from consideration as buy candidates under the fact-based system unless all key criteria are solidly satisfied."
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DG - NYSE - RETAIL - Discount, Variety Stores Dollar General Corp	$40.78	+0.84 2.10%	$41.25	$41.25	-1.14%	1,779,728 74.22%	2,397,900
Most Recent Note for DG - 12/5/2011 12:03:52 PM Touching a new 52-week high today. A Secondary Offering was completed on 9/08/11. its 50 DMA line recently acted as a support level. Reported earnings +28% on +12% sales revenues for the quarter ended October 31, 2011 versus the year ago period. When rebounding above its 50 DMA line on 8/29/11 the mid-day report noted - "Sales revenues and earnings increases in the Jan '11 and Apr '11 quarterly comparisons versus the year ago periods were borderline or below the investment system guidelines."
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FTK - NYSE - Oil&Gas-Machinery/Equip Flotek Industries Inc	$10.29	+0.67 6.93%	$10.35	$10.77	-4.49%	1,207,811 101.36%	1,191,600
Most Recent Note for FTK - 12/5/2011 12:05:40 PM Approaching its 52-week high. Earnings history has been erratic, so while it may be an interesting turn-around story it is not a match with the investment system's guidelines.
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HRL - NYSE - FOOD & BEVERAGE - Meat Products Hormel Foods Co	$29.38	+0.39 1.35%	$29.41	$30.50	-3.67%	717,902 67.41%	1,064,900
Most Recent Note for HRL - 12/5/2011 12:06:42 PM Testing important support at its 50 DMA and 200 DMA lines. Noted in prior mid-day reports - "Quarterly and annual earnings history (C and A criteria) are below guidelines of the fact-based investment system."
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ITC - NYSE - UTILITIES - Electric Utilities I T C Holdings Corp	$77.59	+3.81 5.16%	$81.90	$81.90	-5.26%	976,391 234.43%	416,500
Most Recent Note for ITC - 12/5/2011 12:09:10 PM Hit a new 52-week high after gapping up today for a considerable gain. Found support near its 200 DMA line recently. Prior mid-day reports noted - "This Utility -Electric Power firm undercut its 200 DMA line in early August then rebounded and impressively rallied to reach a new 52-week high before retreating. Prior mid-day reports cautioned - "Fundamentals are below the C and A criteria (earnings growth guidelines).'"
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MOV - NYSE - CONSUMER DURABLES - Recreational Goods, Other Movado Group Inc	$19.07	+0.43 2.31%	$19.34	$19.34	-1.40%	107,178 83.08%	129,000
Most Recent Note for MOV - 12/5/2011 12:20:41 PM Up again today hitting another new 52-week high with its 4th consecutive volume-driven gain. Went through another deep consolidation way below its 50 and 200 DMA lines since noted in the 6/03/11 mid-day report - "Perched above its 50 DMA line today after challenging stubborn resistance in the $17 area with a volume-driven gap up gain on the prior session. Sales revenues and earnings have not shown strong steady increases, and a loss in FY '10 is a flaw in the annual earnings (A criteria) history."
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NSR - NYSE - TELECOMMUNICATIONS - Diversified Communication Serv Neustar Inc	$33.48	-0.85 -2.48%	$33.93	$34.73	-3.60%	364,622 58.80%	620,100
Most Recent Note for NSR - 12/5/2011 12:21:44 PM Perched near its 52-week high. Bullish action has continued since it gapped up on 10/12/11 after reporting +21% earnings on +8% sales revenues for the quarter ended September 30, 2011 versus the year ago period and announcing plans to acquire Targus Information Corp for $650 million. The 10/04/11 mid-day report noted - "Quarterly and annual earnings (C and A criteria) history is not a good match with the fact-based system's guidelines."
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SPPI - NASDAQ - DRUGS - Drug Manufacturers - Major Spectrum Pharmaceuticals	$14.93	+0.89 6.34%	$14.94	$14.94	-0.07%	777,114 78.96%	984,200
Most Recent Note for SPPI - 12/5/2011 12:22:24 PM Hit another new 52-week high today. Prior mid-day reports noted - "Recent volume-driven gains helped it rally up the right side of a deep 15-week cup shaped base. After years of operating losses (bad A criteria) it has reported solid earnings backed by huge sales revenues increases versus much smaller revenues and year-ago losses in the 3 latest quarterly comparisons through Sep '11. "
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TGE - NYSE - Oil&Gas-Transprt/Pipelne Tallgrass Energy Lp	$8.58	+0.21 2.51%	$8.76	$8.76	-2.05%	200,797 240.48%	83,500
Most Recent Note for TGE - 12/5/2011 12:23:15 PM Touching a new 52-week high today with its 7th consecutive gain since retesting support at its 200 DMA line.
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TRGP - NYSE - ENERGY - Oil & Gas Refining & Marketing Targa Resources Corp	$37.72	+0.35 0.94%	$38.14	$38.14	-1.10%	152,427 77.02%	197,900
Most Recent Note for TRGP - 12/5/2011 12:28:38 PM Hit a new 52-week high today with its 6th consecutive gain. The 12/02/11 mid-day report noted - "It found support above its 50 and 200 DMA lines when recently consolidating. The June and September quarters showed improving sales revenues and earnings increases but its prior earnings history is not a match with the investment system's guidelines."
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