Mid-Day Breakouts Report - Tuesday, May 29th, 2018

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 29TH, 2018
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DOW 24340.59 -412.5 (-1.67%) | NASDAQ 7373.36 -60.49 (-0.81%) | S&P 500 2688.77 -32.56 (-1.20%)

Time of Screening : 5/29/2018 12:02:45 PM Report Released : 5/29/2018 12:53:53 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
HTHT - NASDAQ China Lodging Group Ads	$42.02	-0.79 -1.85%	$42.75	1,686,314 82.42% of 50 DAV 50 DAV is 2,046,000	$44.29 -5.13%	5/15/2018	$34.52	PP = $41.57 MB = $43.65
Most Recent Note - 5/29/2018 12:24:18 PM Y - Consolidating near its all-time high. Prior highs in the $40-41 area define initial support to watch on pullbacks. Do not be confused by the 4:1 split impacting share prices (Price Featured, Pivot Point and Max Buy were updated to account for the split). >>> The latest Featured Stock Update with an annotated graph appeared on 5/15/2018. Click here.
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SPLK - NASDAQ Splunk Inc	$108.58	-1.68 -1.52%	$110.41	1,347,484 79.12% of 50 DAV 50 DAV is 1,703,000	$119.00 -8.76%	5/8/2018	$113.14	PP = $112.76 MB = $118.40
Most Recent Note - 5/29/2018 12:44:39 PM Y - Pulling back toward its 50 DMA line ($106.34) with 3 consecutive volume-driven losses, enduring distributional pressure. Prior high in the $108 area also defines near term support where more damaging losses would raise greater concerns. Last week it reported a loss of 7 cents per share on +37% sales revenues versus a loss of 9 cents per share for the year ago period ended April 30th. Wedging gains above the stock's pivot point recently were noted when below the +40% above average volume needed to trigger a proper technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABMD - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Abiomed Inc	$390.55	-3.73 -0.95%	$394.39	$403.45	-3.20%	640,276 124.57%	514,000
Most Recent Note for ABMD - 5/29/2018 12:03:43 PM Powered to new all-time highs, and it is extended from any sound base. Noted in prior mid-day reports - "Recently found support when testing its 50 DMA line. Reported Mar '18 quarterly earnings +100% on +40% sales revenues. The past 6 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Downturn in FY '14 annual earnings (A criteria) history is a concern, but growth rate afterward has been great."
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ASGN - NYSE - Comml Svcs-Staffing ASGN Incorporated	$76.71	-1.57 -2.01%	$77.82	$86.13	-10.94%	267,063 85.32%	313,000
Most Recent Note for ASGN - 5/29/2018 12:05:12 PM Reported earnings +36% on +9% sales revenues for the Mar '18 quarter, but prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria) with sub par sales revenues growth. Completed a Public Offering on 9/14/12. Annual earnings (A criteria) growth has been improving following a downturn in FY '09.
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CADE - NYSE - Banks-West/Southwest Cadence Bancorp	$29.64	-0.40 -1.33%	$29.97	$30.50	-2.82%	679,490 76.26%	891,000
Most Recent Note for CADE - 5/29/2018 12:05:34 PM Hovering near its 52-week high. Found prompt support after undercutting its 50 DMA line on 5/22/18 as it completed yet another Secondary Offering. 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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CHFN - NASDAQ - BANKING - Savings & Loans Charter Financial Corp	$24.44	-0.76 -3.02%	$25.11	$25.64	-4.68%	71,821 73.29%	98,000
Most Recent Note for CHFN - 5/29/2018 12:05:43 PM Perched at its 52-week high following 4/25/18 M&A news. Reported earnings +55% on +21% sales revenues for the Mar '18 quarter. Prior earnings history is not a good match with the fundamental guidelines of the fact-based investment system.
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CPRT - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Copart Inc	$55.13	+0.88 1.62%	$55.55	$56.78	-2.91%	1,044,595 74.99%	1,393,000
Most Recent Note for CPRT - 5/29/2018 12:06:11 PM Encountered distributional pressure last week as it pulled back from its all-time high. Reported earnings +41% on +28% sales revenues for the Apr '18 quarter, its 2nd strong quarterly comparison versus the year ago period. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '13.
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CVTI - NASDAQ - TRANSPORTATION - Trucking Covenant Transport Grp	$29.51	-0.85 -2.80%	$30.00	$33.36	-11.54%	281,309 152.06%	185,000
Most Recent Note for CVTI - 5/29/2018 12:07:11 PM Sputtering below its 50 DMA line and near its 200 DMA line. Prior mid-day reports noted - "Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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ENV - NYSE - FINANCIAL SERVICES - Diversified Investments Envestnet Inc	$54.40	-0.35 -0.64%	$55.00	$60.28	-9.75%	203,883 69.35%	294,000
Most Recent Note for ENV - 5/29/2018 12:08:46 PM A rebound above the 50 DMA line ($55.61) is needed for its outlook to improve. Found support last week at its 200 DMA line ($52.33). Recent weakness came after it reported +48% earnings on +25% sales revenues for the Mar '18 quarter, its 5th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria).
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FLT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Fleetcor Technologies	$194.06	-8.06 -3.99%	$201.05	$213.74	-9.21%	759,626 138.11%	550,000
Most Recent Note for FLT - 5/29/2018 12:10:51 PM Recently met stubborn resistance in the $212-213 area then slumped below its 50 DMA line ($203.53), and today's big loss is undercutting prior lows in the $194-196 area raising greater concerns. Reported earnings +28% on +13% sales revenues for the Mar '18 quarter. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Sales revenues growth rate has shown sequential deceleration while +30%, +19%, +18%, and +13% in the Jun, Sep, Dec '17 and Mar '18 quarters, respectively. Annual earnings history (A criteria) has been strong, a good match with the fact-based investment system's guidelines.
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$93.47	+2.58 2.84%	$95.87	$93.55	-0.09%	538,551 194.42%	277,000
Most Recent Note for HEI - 5/29/2018 12:12:13 PM Gapped up and hit another new all-time high today. Held its ground and made gradual progress after the 2/28/18 mid-day report noted - "Reported earnings +29% on +18% sales revenues for the Jan '18 quarter. Showing encouraging sequential acceleration but fundamental concerns remain with respect to the C criteria."
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HLI - NYSE - Finance-Invest Bnk/Bkrs Houlihan Lokey Inc	$49.29	-0.87 -1.72%	$50.19	$52.81	-6.67%	138,726 70.42%	197,000
Most Recent Note for HLI - 5/29/2018 12:14:59 PM Found support above its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 3/28/18. Completed a new Public Offering on 3/12/18. Reported earnings +10% on -5% sales revenues for the Mar '18 quarter, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria).
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JP - NYSE - Finance-Investment Mgmt Jupai Holdings Ltd Ads	$25.42	+2.53 11.05%	$26.66	$29.00	-12.34%	421,424 292.66%	144,000
Most Recent Note for JP - 5/29/2018 12:27:07 PM Gapped up today nearly challenging its 52-week high. Reported Mar '18 quarterly earnings +30% on +29% sales revenues. Deceleration in sales revenues and earnings growth rate in sequential quarterly comparisons is a concern although results have been above the +25% minimum earnings guideline (C criteria). Limited and choppy history is a concern since this China-based Finance - Investment Management firm's $9.49 IPO in July 2015.
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KMG - NYSE - ENERGY - Independent Oil & Gas K M G Chemicals Inc	$67.02	+1.41 2.15%	$67.67	$70.60	-5.07%	168,073 161.61%	104,000
Most Recent Note for KMG - 5/29/2018 12:28:27 PM Consolidating near its all-time high with little resistance remaining due to overhead supply. Completed a new Public Offering on 10/20/17. Reported Jan '18 quarterly earnings +82% on +44% sales revenues, marking the 5th consecutive quarter with an earnings increase meeting the fact-based investment system's +25% minimum guideline (C criteria). Fundamental concerns remain and it was noted with caution in prior mid-day reports - "Prior downturn in FY '13 and '14 earnings is a flaw concerning the A criteria."
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KORS - NYSE - RETAIL - Apparel Stores Michael Kors Hldgs Ltd	$68.28	-0.36 -0.52%	$69.12	$70.00	-2.46%	1,420,154 74.94%	1,895,000
Most Recent Note for KORS - 5/29/2018 12:29:33 PM Perched within close striking distance of its 52-week high. Due to report earnings news. Noted with caution in prior mid-day reports - "Reported +8% earnings on +6% revenues for the Dec '17 quarter, and fundamental concerns remain. Recovering after a very deep consolidation since dropped from the Featured Stocks list on 6/23/14."
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LH - NYSE - HEALTH SERVICES - Medical Laboratories & Researc Laboratory Corp Of Amer	$178.80	-3.34 -1.83%	$182.23	$184.33	-3.00%	736,917 101.64%	725,000
Most Recent Note for LH - 5/29/2018 12:31:43 PM Reported Mar '18 quarterly financial results with earnings +31% on +18% sales revenues. Prior quarterly earnings increases were below the +25% minimum guideline. Perched near its all-time high hit on the prior session with a volume-driven gain.
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MU - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Micron Technology Inc	$62.91	+1.56 2.53%	$63.98	$63.42	-0.81%	39,719,627 74.28%	53,475,000
Most Recent Note for MU - 5/29/2018 12:32:42 PM Touched a new 52-week high with today's volume-driven gain. Reported earnings +213% on +58% sales revenues for the Feb '18 quarter. Found support above its 200 DMA line during consolidations since noted with caution in the 1/10/18 mid-day report - "Recent quarters through Nov '17 show sales and earnings increasing greatly, however its prior quarterly and annual earnings history has been erratic and below the fact-based system's guidelines."
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$20.71	+0.16 0.80%	$20.95	$20.80	-0.41%	354,224 70.00%	506,000
Most Recent Note for PGTI - 5/29/2018 12:33:50 PM Perched at its 52-week and all-time high after volume-driven gains. Reported earnings +171% on +24% sales revenues for the Mar '18 quarter, but fundamental concerns remain. Earnings history is not a great match with the fact-based investment system's guidelines (C and A criteria).
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RACE - NYSE - Auto Manufacturers Ferrari NV	$126.96	-4.23 -3.22%	$129.11	$141.56	-10.31%	367,861 95.05%	387,000
Most Recent Note for RACE - 5/29/2018 12:36:02 PM Undercut its prior high ($131) and pulled back to its 50 DMA line ($126) with a volume-driven loss today. Reported earnings +37% on +16% sales revenues for the Mar '18 quarter, and three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). 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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SBCF - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Seacoast Banking Corp Fl	$30.58	-1.09 -3.43%	$31.13	$32.03	-4.54%	362,286 104.11%	348,000
Most Recent Note for SBCF - 5/29/2018 12:39:18 PM Gapped down today retreating from its 52-week high. Reported earnings +54% on +34% sales revenues for the Mar '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It made gradual progress after dropped from the Featured Stocks list on 8/10/17.
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SCVL - NASDAQ - RETAIL - Apparel Stores Shoe Carnival Inc	$32.47	+0.67 2.10%	$33.18	$31.90	1.78%	282,855 106.34%	266,000
Most Recent Note for SCVL - 5/29/2018 12:40:56 PM Gapped up the prior session for a considerable volume-driven gain and hit another new all-time high with today's early gain. Reported earnings +73% on +2% sales revenues for the Apr '18 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and sub par sales revenues growth is a concern. Up and down annual earnings (A criteria) history.
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$23.09	-0.97 -4.03%	$23.99	$25.30	-8.74%	3,371,515 115.42%	2,921,000
Most Recent Note for STM - 5/29/2018 12:45:47 PM Pulling back today after perched within close striking distance of its 52-week high. Found support at its 200 DMA line during its orderly consolidation. 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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TEAM - NASDAQ - Comp Sftwr-Spec Enterprs Atlassian Corp Plc	$62.07	-0.88 -1.39%	$62.50	$66.00	-5.96%	940,149 65.98%	1,425,000
Most Recent Note for TEAM - 5/29/2018 12:52:12 PM This Australia -based software developer rebounded above its 50 DMA line and recently wedged to new highs with gains lacking great volume conviction. Reported earnings +25% on +40% sales revenues for the Mar '18 quarter. Fundamentals are not a great match with the fact-based investment system's guidelines. Limited history since its $21 IPO on 12/10/15.
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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$17.95	-0.05 -0.28%	$18.15	$18.65	-3.75%	25,094 209.12%	12,000
Most Recent Note for TRNS - 5/29/2018 12:52:46 PM Hit new all-time highs with volume-driven gains last week. Prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) history and sub par sales revenues growth rate is not a match with the fact-based investment system's guidelines."
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ZTO - NYSE - Transportation-Logistics ZTO Express (Cayman) Inc	$20.90	+1.60 8.29%	$21.70	$19.30	8.29%	12,109,634 495.89%	2,442,000
Most Recent Note for ZTO - 5/29/2018 12:53:44 PM Gapped up hitting new 52-week and all-time highs with heavy volume behind today's 13th consecutive gain. Reported strong earnings increases above the +25% minimum guideline (C criteria) in the Dec '17 and Mar '18 quarters. Concerns remains as prior history is limited, and earnings growth was not strong and steady after its $19.50 IPO in October 2016.
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