Mid-Day Breakouts Report - Wednesday, May 15th, 2019

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 15TH, 2019
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DOW 25664.74 132.69 (0.52%) | NASDAQ 7816.77 82.28 (1.06%) | S&P 500 2853.1 18.69 (0.66%)

Time of Screening : 5/15/2019 12:16:02 PM Report Released : 5/15/2019 1:27:24 PM
Price is: Above 52W High and Less Than 52W High but within 15% 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
GLOB - NYSE Globant SA	$82.29	+1.13 1.39%	$82.29	137,301 64.16% of 50 DAV 50 DAV is 214,000	$85.70 -3.98%	2/15/2019	$69.35	PP = $70.00 MB = $73.50
Most Recent Note - 5/15/2019 12:41:59 PM G - Its 50 DMA line ($76.52) defines important support above the prior high ($74). Violations would raise concerns and trigger technical sell signals. Reported earnings +32% on +22% sales revenues for the quarter ended March 31st, 2019 versus the year ago period, continuing its strong earning track record. >>> The latest Featured Stock Update with an annotated graph appeared on 5/7/2019. Click here.
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NXST - NASDAQ Nexstar Broadcasting Grp	$105.44	+0.43 0.41%	$105.71	367,064 70.18% of 50 DAV 50 DAV is 523,000	$119.93 -12.08%	5/1/2019	$115.33	PP = $120.03 MB = $126.03
Most Recent Note - 5/15/2019 1:15:06 PM G - A rebound above the 50 DMA line is needed for its outlook to improve. Slumped below its 50 DMA line ($110) recently raising greater concerns and triggering a technical sell signal. Reported earnings +14% on +2% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 4/4/2019. Click here.
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TPL - NYSE Texas Pacific Land Trust	$850.01	+25.95 3.15%	$852.54	9,127 60.85% of 50 DAV 50 DAV is 15,000	$915.66 -7.17%	5/15/2019	$850.01	PP = $915.76 MB = $961.55
Most Recent Note - 5/15/2019 1:27:16 PM Y - Color code is changed to yellow with new pivot point cited based on its 4/11/19 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported earnings +222% on +219% sales revenues for the Mar '19 quarter continuing its strong earnings track record. Abruptly retreated from its all-time high yet found support near its 50 DMA line ($803) in recent weeks. Went through a deep consolidation below its 200 DMA line and rebounded impressively since 10/22/18 when dropped from the Featured Stocks list. >>> The latest Featured Stock Update with an annotated graph appeared on 10/12/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADES - NASDAQ - CHEMICALS - Specialty Chemicals Advanced Emissions Solutions Inc.	$13.31	-0.07 -0.52%	$13.50	$13.52	-1.55%	129,154 60.07%	215,000
Most Recent Note for ADES - 5/15/2019 12:18:27 PM Perched near multi-year highs after testing its 200 DMA line in recent weeks and finding prompt support. Quarterly and annual earnings history has been erratic.
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ALLE - NYSE - Security/Sfty Allegion plc Adr	$99.56	+0.16 0.16%	$100.00	$102.39	-2.76%	598,183 81.72%	732,000
Most Recent Note for ALLE - 5/15/2019 12:20:37 PM Perched at its all-time high. Reported earnings +10% on +7% sales revenues for the Mar '19 quarter. Noted in prior mid-day reports - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines, leaving fundamental concerns."
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ARCE - NASDAQ - Computer Sftwr-Edu/Media Arco Platform Ltd	$37.19	-1.49 -3.85%	$38.40	$40.00	-7.03%	46,626 69.59%	67,000
Most Recent Note for ARCE - 5/15/2019 12:22:49 PM Holding its ground since hitting a new high with a big volume-driven gain on 5/08/19, and prior mid-day reports cautioned members - "Perched near its all-time high after a spurt of volume-driven gains. Reported earnings +144% on +48% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $17.50 IPO on 9/26/18."
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ATKR - NYSE - Bldg-Constr Prds/Misc Atkore International Grp	$24.50	-0.27 -1.09%	$24.71	$28.67	-14.54%	189,013 65.18%	290,000
Most Recent Note for ATKR - 5/15/2019 12:24:46 PM Pulling back since it gapped up on 5/07/19 rallying toward previously stubborn resistance in the $27-28 range when the mid-day report noted - "Quarterly comparisons through Mar '19 showed earnings increases above the +25% minimum guideline (C criteria), but sequential comparisons have shown deceleration in its sales revenues growth rate."
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CHD - NYSE - CONSUMER NON-DURABLES - Cleaning Products Church & Dwight Inc	$73.45	+0.98 1.35%	$73.45	$74.99	-2.05%	1,638,289 122.53%	1,337,000
Most Recent Note for CHD - 5/15/2019 12:26:21 PM Reported earnings +11% on +4% sales revenues for the Mar '19 quarter. Encountering distributional pressure in recent weeks not far from its all-time high. Prior mid-day reports cautioned members - "Its earnings growth history is below guidelines of the fact-based investment system."
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CHMG - NASDAQ - Banks-Northeast Chemung Financial Corp	$48.74	-0.24 -0.49%	$48.77	$53.99	-9.72%	6,562 59.65%	11,000
Most Recent Note for CHMG - 5/15/2019 12:27:15 PM Earnings history has been erratic and sales revenues growth has been sub par.
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CLCT - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Collectors Universe Inc	$21.05	+0.17 0.81%	$21.19	$21.08	-0.14%	51,463 100.91%	51,000
Most Recent Note for CLCT - 5/15/2019 12:27:59 PM Prior mid-day reports noted - "Recent quarters Mar '19 and Dec '18 showed great earnings increases, but its prior sales and earnings history has been erratic and below guidelines."
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CMCSA - NASDAQ - MEDIA - CATV Systems Comcast Corp Cl A	$42.56	-0.35 -0.82%	$42.92	$43.96	-3.18%	12,620,289 74.43%	16,956,000
Most Recent Note for CMCSA - 5/15/2019 12:28:28 PM Perched near its 52-week and all-time highs. Reported earnings +17% on +18% sales revenues for the Mar '19 quarter. The 3 prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$155.46	-2.61 -1.65%	$155.99	$167.56	-7.22%	4,572,959 97.46%	4,692,000
Most Recent Note for CRM - 5/15/2019 12:29:36 PM Retreating below its 50 DMA line toward the 200 DMA line. Noted with caution in prior mid-day reports - "Wedged higher in recent weeks with gains lacking great volume conviction. Reported earnings +23% on +26% sales for the Jan '19 quarter. This Computer Software -Enterprise firm broke a streak of 6 consecutive quarterly earnings comparisons above the +25% minimum guideline (C criteria). After a downturn in FY '14 annual earnings (A criteria) it has shown strong growth. Large supply of 765 million shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 2,561 top-rated funds (I criteria)."
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CSCO - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Cisco Systems Inc	$52.56	+0.54 1.04%	$52.71	$57.53	-8.64%	11,577,940 59.53%	19,449,000
Most Recent Note for CSCO - 5/15/2019 12:30:03 PM Slumping well below its 50 DMA line toward prior highs in the $49 area. Prior mid-day reports recently cautioned members - "Fundamentals (C and A criteria) remain a concern today, as when noted in the 2/12/13 mid-day report."
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CYBR - NASDAQ - COMPUTER SOFTWARE and SERVICES - Security Software and Services Cyber-Ark Software Ltd	$126.35	+3.35 2.72%	$128.22	$133.49	-5.35%	828,967 94.42%	878,000
Most Recent Note for CYBR - 5/15/2019 12:30:44 PM Tested support at its 50 DMA line and touched a new all-time high on the prior session. Reported earnings +75% on +34% sales revenues for the Mar '19 quarter, its 4th strong quarter. Fundamental concerns were noted due to its up and down annual earnings history (A criteria) since its $16 IPO on 9/24/14. This Israel-based Computer Software - Security firm completed a new Public Offering on 6/10/15 after a Secondary Offering on 3/11/15.
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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$34.84	+0.96 2.82%	$35.50	$34.50	0.98%	84,660 63.18%	134,000
Most Recent Note for DAVA - 5/15/2019 12:34:32 PM Hitting a new high with today's volume-driven gain. Held its ground stubbornly after completing a Secondary Offering on 4/17/19 and spiking to new 52-week highs with volume-driven gains. Fundamental concerns remain and prior mid-day reports cautioned members - "Limited history is a concern for this UK-based Computer - tech Services firm since it completed its $20 IPO on 7/27/18."
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ERIE - NASDAQ - INSURANCE - Property & Casualty Insurance Erie Indemnity Co	$201.89	+5.51 2.81%	$201.90	$209.33	-3.55%	66,506 57.83%	115,000
Most Recent Note for ERIE - 5/15/2019 12:36:43 PM Getting extended from a recent base. This Insurance - Brokers firm reported earnings +14% on +4% sales revenues for the Mar '19 quarter, the 2nd consecutive quarter below the +25% minimum earnings guideline (C criteria). Annual earnings history has been slow and steady, not a great match with the fact-based investment system.
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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$86.71	+0.64 0.74%	$86.71	$90.21	-3.88%	20,500 68.33%	30,000
Most Recent Note for FSV - 5/15/2019 12:38:15 PM Rebounding above its 50 DMA line ($86.93) with today's gain. The 5/10/19 mid-day report last noted - "Mar '19 quarterly earnings increased +20% on +14% sales revenues, and prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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HZNP - NASDAQ - Medical-Biomed/Biotech Horizon Pharma Inc	$26.77	-0.18 -0.67%	$26.93	$29.44	-9.07%	1,075,796 65.16%	1,651,000
Most Recent Note for HZNP - 5/15/2019 1:07:30 PM Sputtering near its 50 DMA line after challenging its 52-week high last week. Completed a new Public Offering on 3/06/19. Reported earnings +933% on +25% sales revenues for the Mar '19 quarter, its 3rd strong quarterly comparison versus the year ago period. 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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JBSS - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Sanfilippo John B & Son	$77.84	+0.57 0.73%	$78.00	$83.57	-6.86%	32,579 74.04%	44,000
Most Recent Note for JBSS - 5/15/2019 1:07:58 PM Spiked to new 52-week and all-time highs with a considerable volume-driven gain on 5/02/19. Prior mid-day reports cautioned members - "Quarterly earnings comparisons through Mar '19 were not strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) is also a concern."
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JCOM - NASDAQ - INTERNET - Internet Software & Services J 2 Global Inc	$84.00	-0.84 -0.99%	$85.20	$91.58	-8.28%	473,148 137.94%	343,000
Most Recent Note for JCOM - 5/15/2019 1:09:55 PM Slumped below its 50 DMA line this week with volume-driven losses after recently challenging its all-time high. Reported earnings +15% on +7% sales revenues for the Mar '19 quarter. Prior quarterly comparisons also showed earnings increases below the +25% minimum guidelines (C criteria).
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MTD - NYSE - ELECTRONICS - Scientific & Technical Instrum Mettler Toledo Intl Inc	$710.17	-12.51 -1.73%	$720.00	$762.90	-6.91%	95,578 69.26%	138,000
Most Recent Note for MTD - 5/15/2019 1:10:31 PM Retreated below its 50 DMA line ($723) with heavy volume behind big losses after recently wedging up to new multi-year highs. Reported earnings +10% on +3% sales revenues for the Mar '19 quarter and fundamentals remain a concern. Sales revenues and earnings history has not been strong and steady enough to solidly satisfy fundamental guidelines.
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NOVT - NASDAQ - Elec-Scientific/Msrng Novanta Inc	$82.37	+1.31 1.61%	$82.50	$89.78	-8.26%	91,694 60.33%	152,000
Most Recent Note for NOVT - 5/15/2019 1:12:18 PM Big volume-driven loss violated its 50 DMA line ($84.88) when noted in the 5/07/19 mid-day report - "Reported earnings +13% on +7% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). Deceleration in its sales revenues growth rate was previously noted as a concern, fundamentally. Made choppy progress since dropped from the Featured Stocks list on 10/05/18."
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$40.04	+0.32 0.81%	$40.15	$40.49	-1.11%	379,161 83.33%	455,000
Most Recent Note for OTEX - 5/15/2019 1:15:55 PM Reported earnings +19% on +5% sales revenues for the Mar '19 quarter and fundamental concerns remain, Sub par sales revenues growth and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Choppy action continued since dropped from the Featured Stocks list on 2/02/15.
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$222.69	-4.17 -1.84%	$225.45	$260.63	-14.56%	683,441 62.53%	1,093,000
Most Recent Note for PANW - 5/15/2019 1:18:43 PM A prompt rebound above the 50 DMA line ($241) is needed for its outlook to improve. Fundamentals remain strong. Recently violated prior lows in the $230-231 area as broader market weakness (M criteria) raised greater concerns and it was dropped from the Featured Stocks list on 5/13/19.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$143.83	+2.89 2.05%	$144.00	$149.85	-4.02%	277,258 67.46%	411,000
Most Recent Note for RACE - 5/15/2019 1:20:04 PM Reported earnings +11% on +3% sales revenues for the Mar '19 quarter. Rallying toward its 52-week high with a spurt of volume-driven gains. Went through a deep consolidation below its 200 DMA line since noted with caution in the 10/08/18 mid-day report. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and waning sales revenues is a concern, fundamentally. Limited history since its $52 IPO in Oct '15. Up and down annual earnings (A criteria) history is not a great match with the fact-based investment system's guidelines.
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TDG - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Transdigm Group Inc	$449.09	-18.37 -3.93%	$465.30	$489.95	-8.34%	367,270 109.96%	334,000
Most Recent Note for TDG - 5/15/2019 1:21:13 PM Violating its 50 DMA line with today's big volume-driven loss. Reported earnings +11% on +28% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain, yet it made choppy progress since dropped from the Featured Stocks list on 11/18/16.
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