Mid-Day Breakouts Report - Wednesday, May 16th, 2018

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 16TH, 2018
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DOW 24760.01 53.6 (0.22%) | NASDAQ 7399.13 47.5 (0.65%) | S&P 500 2723.55 12.1 (0.45%)

Time of Screening : 5/16/2018 12:30:50 PM Report Released : 5/16/2018 1:02:08 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
CHDN - NASDAQ Churchill Downs Inc	$313.05	+15.35 5.16%	$314.60	155,013 150.50% of 50 DAV 50 DAV is 103,000	$301.60 3.80%	5/14/2018	$285.80	PP = $285.80 MB = $300.09
Most Recent Note - 5/16/2018 12:43:25 PM G - Color code is changed to green after quickly rallying above its "max buy" level and getting extended from the previously noted base. Highlighted in yellow in the 5/14/18 mid-day report with pivot point cited based on its 4/26/18 high after an advanced "3-weeks tight" base pattern (read here). Its up and down annual earnings (A criteria) history was previously noted as a concern with regard to the strict fact-based investment system's guidelines. Its small supply of only 13.5 million shares (S criteria) outstanding can contribute to greater price volatility in the event of institutional buying or selling. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/14/2018. Click here.
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HTHT - NASDAQ China Lodging Group Ads	$171.53	+2.03 1.19%	$173.76	625,511 112.50% of 50 DAV 50 DAV is 556,000	$171.37 0.09%	5/15/2018	$138.07	PP = $166.29 MB = $174.60
Most Recent Note - 5/16/2018 12:49:36 PM Y - Holding its ground today while on track for a 9th consecutive gain. Finished strong on the prior session after highlighted in yellow with new pivot point cited based on its 1/22/18 high plus 10 cents. The strong finish above the pivot point clinched a convincing new technical buy signal. Found support at its 200 DMA line and rebounded after dropped from the Featured Stocks list on 3/27/18. See the latest FSU analysis for more detailed analysis and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/15/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
APPF - NASDAQ - Computer Sftwr-Enterprse Appfolio Inc	$58.20	+1.15 2.02%	$58.30	$57.65	0.95%	122,547 95.00%	129,000
Most Recent Note for APPF - 5/16/2018 12:33:19 PM Extended from prior highs and hitting another new all-time high with today's volume-driven gain. Held its ground stubbornly after a steak of volume-driven gains and prior mid-day reports noted - "The past 5 quarterly comparisons through Mar '18 showed earnings with solid sales revenues growth in the +32-38% range. After years of losses it had a profitable FY '17, but limited annual earnings (A criteria) history is a concern. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead."
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ARCB - NASDAQ - Transportation-Truck Arcbest Corp	$48.95	+2.00 4.26%	$49.25	$49.20	-0.51%	264,085 86.59%	305,000
Most Recent Note for ARCB - 5/16/2018 12:34:20 PM Perched at its 52-week high and challenging its all-time high after big volume-driven gains and a 10-day winning streak. Quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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BGSF - AMEX - Comml Svcs-Staffing B G Staffing Inc	$21.07	+0.49 2.38%	$21.10	$22.49	-6.31%	42,820 133.81%	32,000
Most Recent Note for BGSF - 5/16/2018 12:34:38 PM Consolidating after a recent rally to a new all-time high. Reported earnings +80% on +18% sales revenues for the Mar '18 quarter. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) and its annual earnings (A criteria) growth has not been strong and steady. Completed a new Public Offering on 5/27/16.
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BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$25.46	+3.50 15.94%	$26.25	$22.17	14.84%	5,143,957 1,148.20%	448,000
Most Recent Note for BOOT - 5/16/2018 12:38:10 PM Reported earnings +100% on +5% sales revenues for the Mar '18 quarter but fundamental concerns remain. Gapped up today hitting another new 52-week high after prior volume-driven gains. Completed a Secondary Offering on 1/17/18. Sub par sales revenues growth and erratic annual earnings (A criteria) history.
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CADE - NYSE - Banks-West/Southwest Cadence Bancorp	$29.52	+0.15 0.51%	$29.58	$30.50	-3.21%	584,646 135.02%	433,000
Most Recent Note for CADE - 5/16/2018 12:39:52 PM Consolidating near its all-time high, above prior highs and its 50 DMA line. Noted with caution in prior mid-day reports - "Completed a Secondary Offering on 2/08/18. Reported earnings +48% on +21% sales revenues for the Mar '18 quarter but fundamental concerns remain. Limited history is a concern since its $20 IPO on 4/13/17 and Secondary Offering 11/09/17."
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CAL - NYSE - RETAIL - Apparel Stores Caleres Inc	$35.91	+1.30 3.76%	$36.35	$36.00	-0.25%	289,831 74.89%	387,000
Most Recent Note for CAL - 5/16/2018 12:42:04 PM Recently challenging multi-year highs. The 4/20/18 mid-day report cautioned members - "Reported earnings +45% on +10% sales revenues growth for the Jan '18 quarter, but fundamental concerns remain. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria) and sales revenues growth has been sub par."
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CTS - NYSE - Elec-Semiconductor Mfg C T S Corp	$31.20	+0.55 1.79%	$31.30	$31.95	-2.35%	82,036 82.86%	99,000
Most Recent Note for CTS - 5/16/2018 12:45:29 PM Perched near its 52-week high, extended from any sound base. Reported earnings +31% on +13% sales revenues for the Mar '18 quarter, its 2nd quarterly earnings increase above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is a flaw with respect to the fact-based investment system's guidelines.
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CVGW - NASDAQ - FOOD & BEVERAGE - Farm Products Calavo Growers Inc	$95.45	+1.75 1.87%	$96.05	$98.85	-3.44%	154,538 102.34%	151,000
Most Recent Note for CVGW - 5/16/2018 12:47:41 PM Perched near its all-time high, finding prompt support near its 50 DMA line since last noted in the 4/06/18 mid-day report - "Reported earnings +59% on +9% sales revenues for the quarter ended January 31, 2018 versus the year ago period. Fundamental concerns remain. Quarterly sales revenues and earnings history has not been steady, and its up and down annual earnings (A criteria) history is a concern. Increasing ownership by top-rated funds (I criteria) is a reassuring sign."
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IDXX - NASDAQ - DRUGS - Diagnostic Substances Idexx Laboratories Inc	$201.44	-7.48 -3.58%	$206.00	$217.89	-7.55%	770,218 168.17%	458,000
Most Recent Note for IDXX - 5/16/2018 12:52:07 PM Testing support near its 50 DMA line again with today's volume-driven loss. Gapped up for a big volume driven gain on 5/04/18 and hit another new all-time high before reversing into the red when last noted in the 5/07/18 mid-day report - "Reported earnings +31% on +16% sales revenues for the Mar '18 quarter. Prior earnings history has not been a great match with the fact-based investment system's guidelines."
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LGND - NASDAQ - DRUGS - Drug Manufacturers - Other Ligand Pharmaceuticals	$190.00	+4.63 2.50%	$190.03	$186.73	1.75%	231,046 70.87%	326,000
Most Recent Note for LGND - 5/16/2018 12:54:31 PM Hitting a new all time high with above average volume behind today's 6th consecutive gain. Rebounded above its 50 DMA line when last noted in the 5/09/18 mid-day report. Reported earnings +172% on +92% sales revenues for the Mar '18 quarter, its 4th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Fundamental concerns remain because its 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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MCFT - NASDAQ - Leisure-Products Mastercraft Boat Holdings Inc	$30.02	+1.07 3.70%	$30.42	$29.07	3.27%	223,491 148.99%	150,000
Most Recent Note for MCFT - 5/16/2018 12:56:47 PM Held its ground stubbornly and rose with additional volume-driven gains for all-time highs after a gap up on 5/11/18. Found support recently near its 50 DMA line and above its 200 DMA line. Reported Mar '18 earnings +100% on +60% sales revenues, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and had sub par sales revenues growth, so fundamental concerns remain. Completed a Secondary Offering on 12/08/16. Limited history is a concern since its $10 IPO on 7/17/15.
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NICE - NASDAQ - Computer Sftwr-Security Nice Ltd Adr	$103.18	+0.91 0.89%	$104.10	$102.35	0.81%	129,513 74.01%	175,000
Most Recent Note for NICE - 5/16/2018 12:57:15 PM This Israel-based Computer Software - Security firm has been inching to new all-time highs with a streak of 7 consecutive volume-driven gains. Reported earnings +16% on +10% sales revenues for the Mar '18 quarter, and fundamental concerns remain. Prior quarterly earnings history is not a good match with the C criteria.
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REDU - NASDAQ - Consumer Svcs-Education Rise Education	$17.83	+0.08 0.45%	$18.00	$18.60	-4.14%	129,104 112.26%	115,000
Most Recent Note for REDU - 5/16/2018 12:58:57 PM Limited history is a concern for this China-based Commercial Services - Education firm. Completed its $14.50 IPO on 10/20/17.
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STBZ - NASDAQ - Banks-Southeast State Bank Financial Crp	$33.97	+0.21 0.62%	$34.06	$34.43	-1.34%	592,087 384.47%	154,000
Most Recent Note for STBZ - 5/16/2018 12:59:10 PM Following M&A news on 5/14/18 it is perched at its all-time high, extended from any sound base. Reported strong sales revenues and earnings increases in the Dec '17 and Mar '18 quarters. Prior history is not a great match with the fact-based investment system's fundamental guidelines.
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$23.76	-0.51 -2.09%	$24.27	$25.30	-6.07%	2,934,777 99.86%	2,939,000
Most Recent Note for STM - 5/16/2018 12:59:29 PM Found support at its 200 DMA line during its orderly consolidation and it is perched within close striking distance of its 52-week high. Noted in prior mid-day reports - "This Switzerland-based manufacturer of Semiconductor products reported earnings +133% on +22% sales revenues for the Mar '18 quarter, adding to a streak of strong quarterly earnings increases above the +25% minimum (C criteria) with encouraging sales revenues acceleration. Annual earnings (A criteria) history has been erratic and not a great match with the guidelines of the fact-based investment system."
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$82.66	+2.44 3.04%	$83.13	$80.97	2.09%	1,619,531 142.69%	1,135,000
Most Recent Note for TTD - 5/16/2018 1:00:33 PM There was a big "breakaway gap" on 5/11/18 followed by more volume-driven gains for new 52-week highs. Quarterly earnings increases and sales revenues growth through the Mar '18 quarter has been strong versus year-ago periods. Went through a choppy consolidation above and below its 200 DMA line since noted in the 2/26/18 mid-day report - "Limited history is a concern. Rallied considerably and completed Secondary Offerings on 2/28/17 and 5/24/17 since its Sep '16 IPO at $18."
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TTGT - NASDAQ - Comml Svcs-Advertising Techtarget Inc	$24.29	+0.67 2.84%	$24.40	$24.12	0.70%	205,968 83.73%	246,000
Most Recent Note for TTGT - 5/16/2018 1:00:53 PM Extended from any sound base. Reported earnings +267% on +16% sales revenues for the Mar '18 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria) as sales revenues have shown encouraging acceleration. Fundamental concerns remain due to its up and down annual earnings (A criteria) history which is not a match with the fact-based investment system's guidelines.
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WHD - NYSE - Oil&Gas-Machinery/Equip Cactus Inc	$35.72	+1.41 4.11%	$36.39	$35.23	1.39%	306,533 84.44%	363,000
Most Recent Note for WHD - 5/16/2018 1:01:47 PM Hitting a new high with today's 9th consecutive gain, extended from any sound base. Limited history is a concern while it has rallied from its $19 IPO on 2/08/18.
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