Mid-Day Breakouts Report - Tuesday, December 20th, 2011

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MIDDAY BREAKOUTS REPORT - TUESDAY, DECEMBER 20TH, 2011
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DOW 12089.31 323.05 (2.75%) | NASDAQ 2597.77 74.63 (2.96%) | S&P 500 1239.43 34.08 (2.83%)

Time of Screening : 12/20/2011 12:10:57 PM Report Released : 12/20/2011 1:50:26 PM
Price is: Above 52W High and Less Than 52W High but within 10% 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
V - NYSE Visa Inc Cl A	$99.92	+1.34 1.36%	$99.98	3,099,751 58.43% of 50 DAV 50 DAV is 5,305,100	$100.48 -0.56%	10/24/2011	$94.21	PP = $94.85 MB = $99.59
Most Recent Note - 12/20/2011 1:48:22 PM G - Inching higher today into new all-time high territory. Color code is changed to green as it is getting extended from its prior base and trading above its "max buy" level. Prior highs in the $95 area and its 50 DMA line define chart support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2011. 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	$9.20	+0.16 1.76%	$9.20	$9.20	-0.01%	60,058 67.03%	89,600
Most Recent Note for AMSWA - 12/20/2011 12:25:14 PM Inching to a new 52-week high today. No overhead supply remains to act as resistance. Reported earnings +71% on +22% sales for the quarter ended October 31, 2011 versus the year ago period. Found support near its 50 and 200 DMA lines when consolidating since 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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CBM - NYSE - CHEMICALS - Specialty Chemicals Cambrex Corp	$7.51	+0.03 0.40%	$7.65	$7.84	-4.21%	147,364 112.23%	131,300
Most Recent Note for CBM - 12/20/2011 12:33:28 PM Perched near its 52-week high after a noted spurt of 13 gains in the span of 15 sessions. This low-priced Medical - Products firm has steadily worked its way higher with above average volume behind its small gains, and it stubbornly held its ground while repeatedly noted in prior mid-day reports- "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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DXPE - NASDAQ - WHOLESALE - Industrial Equipment Wholesale D X P Enterprises Inc	$32.35	+1.78 5.82%	$32.35	$32.35	0.00%	53,348 70.85%	75,300
Most Recent Note for DXPE - 12/20/2011 1:22:27 PM Held its ground in a tight range well above resistance in the $27 area and it has rallied to a new 52-week high today. Reported earnings +53% on +21% sales revenues for the quarter ended September 30, 2011 versus the year ago period. No resistance remains due to overhead supply. From its prior high it went through a deep consolidation below its 200 DMA line since noted in the 8/02/11 mid-day report - "Recent quarterly earnings increases above the +25% guideline satisfy the C criteria, but its up and down annual earnings (A criteria) history is 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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ENB - NYSE - ENERGY - Oil & Gas Pipelines Enbridge Inc	$36.12	+1.00 2.85%	$36.18	$36.25	-0.36%	403,971 61.24%	659,600
Most Recent Note for ENB - 12/20/2011 1:24:12 PM Rising near its 52-week high today with no resistance remaining due to overhead supply. Found support near its 50 DMA line again recently. On 11/23/11 it completed a $450 million Offering of Preferred Shares. Prior mid-day reports noted - "Earnings and sales history are below fact-based investment system's guidelines for this Canadian Utility -Gas Distribution firm."
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FARO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Faro Technologies Inc	$45.23	+0.91 2.05%	$45.46	$49.89	-9.34%	66,118 65.72%	100,600
Most Recent Note for FARO - 12/20/2011 1:27:13 PM Hovering -8.4% off its 52-week high today, consolidating above support at its 50 DMA line. Reported earnings +171% on +43% sales revenues for the quarter ended September 30, 2011 versus the year ago period. Fundamentals do not meet guidelines of the fact-based investment system, especially after a loss in FY '09. It was noted 10/30/07 -"Questionable annual earnings history (not a strong A)."
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FL - NYSE - RETAIL - Apparel Stores Foot Locker Inc	$23.09	+0.13 0.57%	$23.38	$25.50	-9.45%	1,680,347 64.03%	2,624,200
Most Recent Note for FL - 12/20/2011 1:28:47 PM Consolidating near its 50 DMA line which defines chart support to watch. The 11/28/11 mid-day report noted - "Quarterly results showed strong earnings increases but sales revenues growth has been sub par and its annual earnings (A criteria) history is not a good match with the investment system's guidelines."
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FTK - NYSE - Oil&Gas-Machinery/Equip Flotek Industries Inc	$9.74	+0.59 6.44%	$9.82	$10.77	-9.57%	732,985 61.51%	1,191,600
Most Recent Note for FTK - 12/20/2011 1:29:49 PM Still perched just -9.1% off its 52-week high. Prior mid-day reports noted - "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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HSTM - NASDAQ - INTERNET - Internet Service Providers Healthstream Inc	$18.00	+0.77 4.47%	$18.09	$18.30	-1.64%	168,006 144.71%	116,100
Most Recent Note for HSTM - 12/20/2011 1:31:56 PM Rising near its 52-week high today after a forming a "square box" type base pattern. Prior mid-day reports noted - "On 11/18/11 it priced the previously announced new Public Offering of 3.3 million shares at $16.25. Held its ground and made recent progress above prior highs after the previously noted 10/21/11 gap up from a cup-with-handle type base. Earnings improved by more than +25% in recent quarterly comparisons (Mar, Jun, Sep '11) satisfying the C criteria, but its annual (A criteria) earnings history included a downturn in FY '10, a flaw with respect to the fact-based investment system's guidelines."
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OKS - NYSE - ENERGY - Oil &; Gas Pipelines Oneok Partners Lp	$57.74	+1.40 2.48%	$57.74	$59.87	-3.56%	234,589 89.27%	262,800
Most Recent Note for OKS - 12/20/2011 1:34:11 PM Powering up to a new 52-week high today with another considerable volume-driven gain. Recent quarterly comparisons show impressive sales revenues and earnings acceleration. Noted in prior mid-day reports - "This MLP's earnings history has been below the guidelines of the fact-based system."
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PRIM - NASDAQ - DIVERSIFIED SERVICES - Technical Services Primoris Services Corp	$14.84	+0.24 1.64%	$14.90	$15.90	-6.67%	127,475 81.30%	156,800
Most Recent Note for PRIM - 12/20/2011 1:35:26 PM Still hovering near its 52-week high today. Held its ground above its 50 DMA line while consolidating since noted in the 11/14/11 mid-day report - "Reported earnings +111% on +63% sales revenues for the quarter ended September 30, 2011 versus the year ago period. It rallied from a 17-week cup shaped base during which it found support near its 200 DMA line. Recent quarterly comparisons showed strong sales and earnings increases. A downturn in FY '10 earnings is a flaw concerning the A criteria making it not a good match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the growing power and energy sectors."
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ROST - NASDAQ - RETAIL - Apparel Stores Ross Stores Inc	$47.58	+1.33 2.88%	$47.79	$47.90	-0.67%	769,085 63.12%	1,218,500
Most Recent Note for ROST - 12/20/2011 1:37:15 PM Still perched at its 52-week high today. There was a 2:1 share split effective 12/16/11, and it recently found support at its 50 DMA line while prior mid-day reports noted - "Reported earnings +24% on +9% sales revenues for the quarter ended October 31, 2011 versus the year ago period, just below the investment system's +25% minimum guidelines. Found support near its 200 DMA line during its deep consolidation since noted in the 7/07/11 mid-day report - 'Recent quarterly comparisons have shown sub par sales revenues and earnings increases, yet it has maintained a strong annual earnings history (A criteria) and has earned very high ranks.'"
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SPPI - NASDAQ - DRUGS - Drug Manufacturers - Major Spectrum Pharmaceuticals	$14.42	-0.21 -1.40%	$15.00	$15.22	-5.29%	825,826 83.91%	984,200
Most Recent Note for SPPI - 12/20/2011 1:38:33 PM Perched at its 52-week high today while making its 3rd consecutive mid-day report appearance. Prior mid-day reports repeatedly 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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SXL - NYSE - ENERGY - Oil & Gas Pipelines Sunoco Logistics Ptnr Lp	$36.83	+0.59 1.63%	$37.14	$37.98	-3.03%	114,251 129.54%	88,200
Most Recent Note for SXL - 12/20/2011 1:39:04 PM This MLP is still hovering near its all-time high and staying above its 50 DMA line since the previously noted "negative reversal" occurred. Its shares split 3:1 on 12/05/11. 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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TAST - NASDAQ - LEISURE - Restaurants Carrols Restaurant Group	$11.49	+0.64 5.90%	$11.71	$11.71	-1.88%	44,148 85.56%	51,600
Most Recent Note for TAST - 12/20/2011 1:42:07 PM Spiking to another new 52-week high today. Rallied to new high territory with a recent spurt of volume-driven gains, yet prior mid-day reports noted - "Sales and earnings history is below the investment system's guidelines. Its 50 DMA line and 200 DMA lines recently converged. No overhead supply remains to act as resistance."
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TMK - NYSE - INSURANCE - Accident & Health Insurance Torchmark Corp	$42.33	+0.72 1.73%	$42.42	$45.37	-6.70%	1,020,724 70.52%	1,447,500
Most Recent Note for TMK - 12/20/2011 1:43:36 PM Quarterly sales and earnings history has not been a match with the investment system's fundamental guidelines.
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TNGO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical and System Software Tangoe Inc	$15.33	+0.40 2.68%	$15.64	$15.79	-2.91%	87,234 78.66%	110,900
Most Recent Note for TNGO - 12/20/2011 1:45:09 PM Gain today has it poised for a best-ever close and challenging its 52-week high. Recent quarterly comparisons showed strong sales revenues and earnings increases. Prior mid-day reports noted - "Limited history is a concern, and it is up considerably from its $10* IPO on 7/27/11."*
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