Mid-Day Breakouts Report - Thursday, June 6th, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 6TH, 2019
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DOW 25593.28 53.71 (0.21%) | NASDAQ 7566.19 -9.29 (-0.12%) | S&P 500 2829.54 3.39 (0.12%)

Time of Screening : 6/6/2019 12:15:20 PM Report Released : 6/6/2019 12:55:48 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
VEEV - NYSE Veeva Systems Inc Cl A	$161.66	+3.57 2.26%	$161.78	751,002 60.32% of 50 DAV 50 DAV is 1,245,000	$159.80 1.16%	5/30/2019	$154.32	PP = $145.80 MB = $153.09
Most Recent Note - 6/6/2019 12:53:19 PM G - Color code is changed to green while making more progress above its "max buy" level since rallying from an advanced "3 weeks tight" base. Reported earnings +52% on +25% sales revenues for the Apr '19 quarter, marking its 5th strong quarter with earnings above the +25% minimum guideline (C criteria). Disciplined investors will note that no new buying efforts are to be made during market corrections (M criteria) under the fact-based investment system's rules. Watch for a confirmed rally with a follow-through day first. >>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$40.41	+0.40 0.99%	$40.47	$41.00	-1.45%	4,304,733 52.52%	8,197,000
Most Recent Note for BSX - 6/6/2019 12:18:13 PM Rallying within close striking distance of its 52-week high. Reported Mar '19 quarterly earnings +6% on +5% sales revenues and fundamental concerns remain. Earnings increases have not been strong and steady above the fact-based investment system's guidelines.
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CASY - NASDAQ - RETAIL - Super/Mini Markets Caseys General Stores	$132.88	+1.73 1.32%	$133.26	$138.45	-4.02%	182,219 65.55%	278,000
Most Recent Note for CASY - 6/6/2019 12:20:41 PM Found support while consolidating near its 200 DMA line, and still perched near its all-time high. Last noted in the 3/13/19 mid-day report with caution - "Reported earnings +135% on +0% sales revenues for the Jan '19 quarter. Fundamental concerns remain. Annual earnings (A criteria) history has been up and down, not a match with the fundamental guidelines of the fact-based system."
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CIEN - NYSE - Telecom-Fiber Optics Ciena Corporation	$44.99	+9.11 25.39%	$45.43	$45.70	-1.55%	11,417,577 487.10%	2,344,000
Most Recent Note for CIEN - 6/6/2019 12:24:23 PM Gapped up today for a considerable gain challenging its 52-week high. Reported earnings +109% on +18% sales revenues for the Apr '19 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Found support near its 200 DMA line during the consolidation since last noted with caution in the 3/06/19 mid-day report - "Annual earnings (A criteria) history has not been strong and steady."
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CRVL - NASDAQ - Comml Svcs-Healthcare Corvel Corp	$78.17	+0.87 1.13%	$78.75	$78.00	0.22%	48,753 73.87%	66,000
Most Recent Note for CRVL - 6/6/2019 12:25:06 PM Powering to new all-time highs with today's 3rd consecutive volume-driven gain. Reported earnings +34% on +5% sales revenues for the Mar '19 quarter. Three of the past 4 comparisons had earnings above the +25% minimum guideline (C criteria). Sub par sales revenues growth is a concern. Annual earnings history (A criteria) has not been strong and steady enough to meet the investment system's guidelines. Shares split 2:1 effective 6/27/13.
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CY - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Cypress Semiconductor	$22.18	+0.07 0.32%	$22.24	$22.43	-1.11%	10,340,373 131.31%	7,875,000
Most Recent Note for CY - 6/6/2019 12:25:45 PM Gapped up on 6/03/19 hitting a new 52-week high on M&A news. Reported earnings +0% on -7% sales revenues for the Mar '19 quarter. Prior mid-day reports cautioned members - "Recent quarters through Dec '18 showed deceleration in earnings increases and mostly sub par sales revenues growth below the investment system's fundamental guidelines."
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ELS - NYSE - Finance-Property REIT Equity Lifestyle Pptys	$122.15	-1.08 -0.88%	$123.40	$123.33	-0.96%	300,498 56.27%	534,000
Most Recent Note for ELS - 6/6/2019 12:26:43 PM Perched at its all-time high. Noted with caution in prior mid-day reports - "Earnings history for this REIT is not a match with the fact-based investment system's guidelines."
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FLT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Fleetcor Technologies	$244.78	-6.88 -2.73%	$252.66	$276.89	-11.60%	2,266,918 413.67%	548,000
Most Recent Note for FLT - 6/6/2019 12:27:51 PM Slumping further below its 50 DMA line with volume-driven losses. Traded in a wide intra-day range when noted with caution in the 5/08/19 mid-day report - "Reported earnings +7% on +6% sales revenues for the Mar '19 quarter, its 3rd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA then rebounded and rose into new high territory since dropped from the Featured Stocks list on 10/19/18."
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HRS - NYSE - TELECOMMUNICATIONS - Communication Equipment Harris Corp	$197.30	-0.40 -0.20%	$198.23	$197.99	-0.35%	494,344 54.09%	914,000
Most Recent Note for HRS - 6/6/2019 12:30:52 PM Reported earnings +30% on +11% sales revenues for the Mar '19 quarter. Hit another new all-time high today after 5 consecutive gains. Made steady progress since last noted in the 5/02/19 - "Earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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IIPR - AMEX - Finance-Property REIT Innovative Industrial Properties	$89.79	-2.22 -2.41%	$96.60	$93.24	-3.70%	460,976 124.59%	370,000
Most Recent Note for IIPR - 6/6/2019 12:34:40 PM There was a "negative reversal" today after hitting a new all-time high. Formed an orderly 11-week base and found support near its 50 DMA line. The 4/09/19 mid-day report last cautioned members - "Limited history for this REIT remains a concern. Completed its $20 IPO in Dec 2016 and additional Public Offerings on 1/18/18 and 10/04/18."
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KL - NYSE - Mining-Gold/Silver/Gems Kirkland Lake Gold Ltd	$38.07	+0.23 0.61%	$39.04	$39.39	-3.35%	802,933 53.39%	1,504,000
Most Recent Note for KL - 6/6/2019 12:35:26 PM Hitting another new 52-week high today following 5 consecutive gains backed above average volume. Found support near its 50 DMA line. Reported strong earnings increases with strong sales revenues growth in the 5 latest quarterly comparisons through Mar '19. Chairman Eric Sprott retired effective 5/07/19. Limited history is a concern for this Canada-based Mining - Gold/Silver/Gems firm.
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LGIH - NASDAQ - Bldg-Resident/Comml L G I Homes Inc	$73.74	+1.69 2.35%	$75.49	$73.20	0.74%	160,242 56.82%	282,000
Most Recent Note for LGIH - 6/6/2019 12:38:59 PM The Building - Residential/Commercial firm is perched within striking distance of its all-time high after a deep consolidation and rebound since last noted with caution in the 5/08/18 mid-day report. Reported earnings -34% on +3% sales revenues for the Mar '19 quarter, and the 2 prior comparisons were below the +25% minimum guideline (C criteria).
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NCBS - NASDAQ - Banks-Midwest Nicolet Bankshares Inc	$60.54	+0.63 1.05%	$61.00	$63.37	-4.47%	15,743 65.60%	24,000
Most Recent Note for NCBS - 6/6/2019 12:40:00 PM Hovering near its 50 DMA line and perched within striking distance of its 52-week high. Reported earnings +12% on +7% sales revenues for the Mar '19 quarter and fundamental concerns remain. Prior earnings history has been erratic and not satisfying the C criteria.
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$40.72	+0.61 1.52%	$40.76	$41.13	-1.00%	275,230 55.38%	497,000
Most Recent Note for OTEX - 6/6/2019 12:41:13 PM Found support near its 50 DMA line after last noted with caution in the 5/16/19 mid-day report - "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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SYF - NYSE - Finance-Savings & Loan Synchrony Financial	$33.89	-0.18 -0.53%	$34.33	$36.08	-6.07%	2,861,669 57.63%	4,966,000
Most Recent Note for SYF - 6/6/2019 12:43:14 PM Consolidating near its 50 DMA line ($33.72) which acted as support after volume-driven losses. Prior mid-day reports noted - "Quarterly earnings increases have been above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history."
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TPB - NYSE - Tobacco Turning Point Brands Inc	$53.47	+1.41 2.71%	$53.70	$54.29	-1.51%	72,863 50.95%	143,000
Most Recent Note for TPB - 6/6/2019 12:48:37 PM Hovering near its all-time high, it found support above its 50 DMA line during an orderly consolidation. This Tobacco firm reported earnings +23% on +24% sales revenues for the Mar '19 quarter, breaking a streak of 3 consecutive quarterly comparisons with earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong.
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TSS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services Total System Services	$125.91	-0.02 -0.02%	$125.91	$125.93	-0.02%	1,008,085 52.07%	1,936,000
Most Recent Note for TSS - 6/6/2019 12:48:51 PM Gapped up hitting new all-time highs on 5/28/19 M&A news with Global Payments (GPN). Prior mid-day reports noted - "Reported earnings +6% on +5% sales revenues for the Mar '19 quarter. The 4 prior quarterly comparisons had earnings above the +25% minimum (C criteria) but each with waning sales revenues versus the year ago periods."
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$234.76	+2.46 1.06%	$234.88	$234.00	0.32%	969,587 55.31%	1,753,000
Most Recent Note for TTD - 6/6/2019 12:50:49 PM Hitting a new high with today's 3rd consecutive volume-driven gain. It did not form a sound base yet rebounded above the 50 DMA line ($204) with big volume-driven gains this week helping its outlook improve. Showed resilience since dropped from the Featured Stocks list on 5/13/19 amid widespread market weakness. Reported earnings +44% on +41% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. Patient investors may watch for a new base to be noted and for a follow-through day from the broader market (M criteria).
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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$57.90	+1.24 2.19%	$57.99	$57.56	0.59%	91,815 78.47%	117,000
Most Recent Note for WNS - 6/6/2019 12:54:58 PM India-based Commercial Services - Outsourcing firm is hitting a new all-time high with today's 4th consecutive volume-driven gain. Found support at its 50 DMA line in prior weeks. Reported earnings +16% on +4% sales revenues for the Mar '19 quarter. Went through a deep consolidation and rebounded after noted with caution in the 11/13/18 mid-day report - "Fundamental concerns remain due to deceleration in sales revenues growth rate in sequential quarterly comparisons. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system."
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ZTS - NYSE - Medical-Ethical Drugs Zoetis Inc	$109.58	+1.08 1.00%	$110.36	$109.36	0.20%	1,635,351 80.96%	2,020,000
Most Recent Note for ZTS - 6/6/2019 12:55:35 PM Hitting new 52-week and all-time highs with today's 4th consecutive volume-driven gain. Reported earnings +17% on +7% sales revenues for the Mar '19 quarter, its 2nd consecutive quarterly earnings increase below the +25% minimum guideline (C criteria). Sales revenues growth rate has been mostly slow and steady. Annual earnings (A criteria) history has been steady.
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