Mid-Day Breakouts Report - Wednesday, April 10th, 2019

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, APRIL 10TH, 2019
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DOW 26137.24 -13.34 (-0.05%) | NASDAQ 7943.4 34.12 (0.43%) | S&P 500 2885.34 7.14 (0.25%)

Time of Screening : 4/10/2019 12:16:28 PM Report Released : 4/10/2019 1:11:39 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
ENV - NYSE Envestnet Inc	$66.14	+0.05 0.08%	$66.53	389,585 137.18% of 50 DAV 50 DAV is 284,000	$67.52 -2.04%	3/15/2019	$66.05	PP = $64.90 MB = $68.15
Most Recent Note - 4/10/2019 12:38:04 PM Y - Enduring distributional pressure recently yet still hovering near its all-time high. Stalled after its technical breakout was noted on 3/15/19. More damaging losses below the recent low ($63.34 on 3/27/19) would raise greater concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2019. Click here.
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FTNT - NASDAQ Fortinet Inc	$89.76	+2.45 2.81%	$89.93	1,504,994 85.46% of 50 DAV 50 DAV is 1,761,000	$94.37 -4.88%	4/10/2019	$89.76	PP = $88.70 MB = $93.14
Most Recent Note - 4/10/2019 12:46:01 PM Y - Color code is changed to yellow with pivot point cited based on its 2/25/19 high plus 10 cents. Today's volume-driven gain has it rising from a flat base during which its 50 DMA line ($83.77) acted as support. Faces little resistance due to overhead supply up to the $94 level. Reported Dec '18 earnings +84% on +22% sales revenues, its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have been improving since FY '14, also helping it better match with the fact-based investment system's guidelines. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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GLOB - NYSE Globant SA	$78.09	+1.72 2.25%	$80.50	267,671 131.86% of 50 DAV 50 DAV is 203,000	$77.63 0.59%	2/15/2019	$69.35	PP = $70.00 MB = $73.50
Most Recent Note - 4/10/2019 12:47:24 PM G - Hitting yet another new all-time high with today's 3rd volume-driven gain in the span of 4 sessions. Found support at its 50 DMA line ($70.42) and above prior lows in the $66-67 area. Violations would raise concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 3/26/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$30.53	+0.41 1.36%	$30.56	$32.21	-5.22%	807,794 100.60%	803,000
Most Recent Note for BOOT - 4/10/2019 12:19:16 PM Gapped up on 4/05/19 and hit a new 52-week high with a volume-driven gain but prior mid-day reports cautioned members - "Completed a Secondary Offerings on 5/21/18 and 1/17/18. Earnings rose +43% on +13% sales revenues for the Dec '18 quarter versus the year-ago period. Fundamental concerns remain because of an erratic annual earnings (A criteria) history."
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$12.06	+0.86 7.71%	$12.45	$11.80	2.24%	104,451 174.09%	60,000
Most Recent Note for CODA - 4/10/2019 12:20:25 PM This thinly-traded Aerospace/Defense firm is hitting a new high with above average volume behind today's 3rd consecutive gain. Prior mid-day reports noted - "Reported earnings of 12 cents per share while sales revenues were $5.8 million for the Jan '19 quarter, versus a 2 cent per share loss on $3.1 million in sales for the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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CPRT - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Copart Inc	$65.09	+0.85 1.32%	$65.56	$67.08	-2.97%	1,329,607 98.20%	1,354,000
Most Recent Note for CPRT - 4/10/2019 12:22:09 PM Challenging its 52-week and all-time highs with today's volume-driven gain. Held its ground and made gradual progress since last noted in the 2/22/19 mid-day report with caution - "Reported earnings +11% on +6% sales revenues for the Jan '19 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '13."
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CSGP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Costar Group Inc	$478.94	+3.58 0.75%	$479.51	$487.39	-1.73%	128,445 66.90%	192,000
Most Recent Note for CSGP - 4/10/2019 12:24:49 PM Volume totals have been cooling while hovering near its all-time high. Last noted with caution in the 3/04/19 mid-day report - "Bullish action came after it reported earnings +125% on +24% sales revenues for the Dec '18 quarter, its 4th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '15. Return On Equity at 11% is below the 17% guideline of the fact-based investment system. Completed a new Public Offering on 9/29/17."
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DAL - NYSE - TRANSPORTATION - Major Airlines Delta Air Lines Inc	$57.59	+0.64 1.12%	$58.97	$61.32	-6.08%	8,750,789 110.64%	7,909,000
Most Recent Note for DAL - 4/10/2019 12:26:28 PM Reported earnings +28% on +5% sales revenues for the Mar '19 quarter. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). Fundamental concerns remain. Sub par sales revenues growth rate reveals no great demand for new (N criteria) products or services.
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DLA - AMEX - CONSUMER NON-DURABLES - Textile - Apparel Clothing Delta Apparel Inc	$23.26	-0.33 -1.40%	$23.74	$24.99	-6.92%	16,342 77.82%	21,000
Most Recent Note for DLA - 4/10/2019 12:31:06 PM Recently sputtering below its 50 DMA line ($23.70). Stalled after noted with caution in the 2/12/19 mid-day report when it had impressively rallied through all overhead supply - "Reported strong quarterly earnings increases in the Dec and Sep '18 quarters, but prior comparisons versus the year ago periods have not been strong and steady above the +25% guideline (C criteria). Annual earnings (A criteria) history has been up and down."
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DRE - NYSE - REAL ESTATE - REIT - Diversified/Industrial Duke Realty Corp	$30.53	+0.13 0.41%	$30.68	$31.07	-1.75%	1,416,802 68.81%	2,059,000
Most Recent Note for DRE - 4/10/2019 12:31:50 PM This REIT has rebounded and is hovering near its 52-week high. Earnings increases were below the +25% minimum guideline (C criteria) in quarterly comparisons through Dec '18.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$39.51	+0.31 0.79%	$39.99	$39.16	0.89%	514,290 547.12%	94,000
Most Recent Note for DSGX - 4/10/2019 12:33:07 PM Perched at its 52-week high with an impressive streak of 13 consecutive gains. Rebounded impressively from a deep consolidation below its 200 DMA line. Reported Jan '19 quarterly earnings +11% on +12% sales revenues, and fundamental concerns remain. Prior quarterly earnings (C criteria) are not a match with the fact-based investment system.
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ENTG - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Entegris Inc	$39.31	+0.13 0.32%	$39.39	$40.17	-2.15%	1,326,374 65.15%	2,036,000
Most Recent Note for ENTG - 4/10/2019 12:36:28 PM Perched within close striking distance of its all-time high after a finding support above its 50 DMA line during the consolidation since last noted with caution in the 3/01/19 mid-day report - "Reported earnings +12% on +15% sales revenues for the Dec '18 quarter versus the year-ago period, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady after a downturn in FY '12."
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EXPO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Exponent Inc	$57.22	+1.15 2.05%	$57.29	$58.42	-2.05%	159,750 82.77%	193,000
Most Recent Note for EXPO - 4/10/2019 12:39:05 PM Finding support above its 50 DMA line. Consolidating in a tight range since noted with caution in the 3/07/19 mid-day report - "Reported earnings +25% on +4% sales revenues for the quarter ended December 31, 2018 versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history and its sub par sales revenues growth rate is not a match with the investment system's minimum guidelines for buy candidates. Perched near its all-time high. Share price was impacted by a 2-1 split on 6/08/18."
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FIX - NYSE - MATERIALS & CONSTRUCTION - General Contractors Comfort Systems U S A	$54.16	+0.26 0.48%	$54.25	$59.83	-9.48%	159,381 75.54%	211,000
Most Recent Note for FIX - 4/10/2019 12:42:14 PM Consolidating above its 50 and 200 DMA lines. Reported earnings +49% on +28% sales revenues for the Dec '18 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline with strong sales revenues growth. Annual earnings were flat for FY '17 just matching the year earlier (A criteria), and also included a downturn in FY '14.
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GTN - NYSE - MEDIA - Broadcasting - TV Gray Television Inc	$24.31	+1.10 4.74%	$24.42	$23.45	3.67%	1,246,517 124.90%	998,000
Most Recent Note for GTN - 4/10/2019 12:50:16 PM Hitting a new all-time high with today's big volume-driven gain but fundamental concerns remain. Formed an orderly flat base since last noted in the 3/11/19 mid-day report - "Bullish action came after it reported earnings +165% on +40% sales revenues for the Dec '18 quarter, its 2nd strong quarterly comparison. Annual earnings (A criteria) history has been strong after a downturn in FY '15. Completed new Public Offerings on 12/01/17 and 3/25/15."
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$28.36	+0.52 1.87%	$28.57	$32.00	-11.38%	86,263 98.03%	88,000
Most Recent Note for NVMI - 4/10/2019 12:54:30 PM This Semiconductor Equipment firm headquartered in Israel is rebounding after a deep consolidation below its 200 DMA line since last noted with caution in the 4/11/18 mid-day report. Reported Dec '18 earnings +31% on +10% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a downturn in FY '12 followed by flat numbers in FY '13.
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PCMI - NASDAQ - Wholesale-Electronics P C M Inc	$38.64	+0.99 2.63%	$39.69	$38.40	0.63%	150,582 69.07%	218,000
Most Recent Note for PCMI - 4/10/2019 12:56:10 PM Hitting a new all-time high with today's volume-driven gain. Held its ground stubbornly after prior mid-day reports repeatedly cautioned members - "Fundamental concerns remain due to its up and down annual earnings (A criteria) history. Reported earnings of 57 cents per share on +4% sales revenues for the quarter ended Dec 31, 2018 versus earnings of 3 cents per share in the year ago period. Recent quarterly comparisons through Sep '18 showed greatly improved earnings increases but sub par sales revenues growth."
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PSB - NYSE - REAL ESTATE - REIT - Diversified/Industrial P S Business Parks Inc	$148.31	+0.63 0.42%	$148.80	$159.51	-7.02%	119,487 120.69%	99,000
Most Recent Note for PSB - 4/10/2019 12:57:32 PM Gapped down on 4/05/19 and 3 consecutive volume-driven losses led it to slump below its 50 DMA line ($150.59). Fundamental concerns remain. Noted with caution in prior mid-day reports - "This REIT's quarterly and annual earnings history (C & A criteria) is not a match with the investment system's guidelines."
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SACH - AMEX - Finance-Mortgage REIT Sachem Capital Corp	$4.53	-0.02 -0.44%	$4.60	$4.77	-5.03%	126,716 124.23%	102,000
Most Recent Note for SACH - 4/10/2019 12:57:56 PM Perched near its 52-week high. Found prompt support and managed a "positive reversal" on 4/02/19 after undercutting its 50 DMA line ($4.42). Reported earnings -8% for the Dec '18 quarter versus the year ago period. Fundamental concerns remain and prior mid-day reports repeatedly cautioned members - "Limited history for this REIT since its $5 IPO in Feb '17. Minuscule quarterly sales revenues in the $3 million area leave fundamental concerns."
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SVBI - NASDAQ - Finance-Savings & Loan Severn Bancorp Inc (Md)	$8.82	-0.35 -3.86%	$9.16	$9.94	-11.31%	23,906 79.69%	30,000
Most Recent Note for SVBI - 4/10/2019 1:00:48 PM This thinly-traded Finance - Savings & Loan is abruptly slumping below its 50 DMA line ($8.89) and testing its 200 DMA line ($8.73) with higher volume behind today's big loss. Repeatedly noted with caution in recent mid-day reports - "Hovering near its 52-week high following a spurt of volume-driven gains. Earnings increases in recent quarterly comparisons through Dec '18 have been above the +25% minimum guideline (C criteria) with strong sales revenues growth. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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TER - NYSE - ELECTRONICS - Semiconductor Equipment & Mate Teradyne Inc	$43.82	+0.12 0.26%	$43.97	$45.80	-4.33%	1,377,473 66.32%	2,077,000
Most Recent Note for TER - 4/10/2019 1:01:21 PM The 4/09/19 mid-day report noted - "Reported earnings +37% on +8% sales revenues for the Dec '18 quarter, but prior quarterly comparison were not strong and steady above the +25% minimum earnings guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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TPL - NYSE - Real Estate Dvlpmt/Ops Texas Pacific Land Trust	$854.64	+6.64 0.78%	$874.31	$877.97	-2.66%	13,441 84.01%	16,000
Most Recent Note for TPL - 4/10/2019 1:05:57 PM Rebounding near its all-time high today after a deep consolidation below its 200 DMA line since last noted on 10/22/18 when dropped from the Featured Stocks list. It did not form a sound base. Reported earnings +117% on +133% sales revenues for the Dec '18 quarter continuing its strong earnings track record.
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VEEV - NYSE - Computer Sftwr-Medical Veeva Systems Inc Cl A	$136.40	+4.52 3.43%	$136.97	$132.65	2.83%	1,010,407 76.49%	1,321,000
Most Recent Note for VEEV - 4/10/2019 1:07:11 PM Reported earnings +88% on +25% sales revenues for the Jan '19 quarter. Hitting another new all-time high today. Patient investors may watch for a pullback, new base, or secondary buy point to possibly develop and be noted in the weeks ahead. Made steady progress and stubbornly held its ground since noted in the 1/15/19 mid-day report - "Rebounded above its 50 DMA line with a streak of gains. Reported earnings rose +80% on +27 sales revenues for the Oct '18 quarter, marking its 3rd strong quarter with earnings above the +25% minimum guideline (C criteria). Progress has been choppy since dropped from the Featured Stocks list on 9/21/17."
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VRSN - NASDAQ - INTERNET - Internet Software & Services Verisign Inc	$189.46	+0.44 0.23%	$190.29	$190.25	-0.42%	426,379 72.39%	589,000
Most Recent Note for VRSN - 4/10/2019 1:09:55 PM Perched at its 52-week high. Reported earnings +65% on +4% sales revenues for the Dec '18 quarter and sub par sales revenues growth remains a concern. Stubbornly held its ground and made gradual progress since noted in the 12/12/18 mid-day report with caution - "Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain."
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WWE - NYSE - LEISURE - General Entertainment World Wrestling Entmnt	$93.47	+2.43 2.67%	$94.68	$97.69	-4.32%	847,108 97.93%	865,000
Most Recent Note for WWE - 4/10/2019 1:11:35 PM Challenging its 52-week and all-time high with a spurt of gains marked by above average volume. Found support near its 50 DMA line ($86.60) in recent months. Reported greatly improved earnings in the 7 latest quarterly comparisons through Dec '18. Annual earnings (A criteria) history has improved after a downturn in FY '12-13 and loss in FY '14.
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