Mid-Day Breakouts Report - Thursday, June 20th, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 20TH, 2019
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DOW 26656.84 152.84 (0.58%) | NASDAQ 8035.44 48.12 (0.60%) | S&P 500 2945.72 19.26 (0.66%)

Time of Screening : 6/20/2019 12:07:56 PM Report Released : 6/20/2019 12:56:22 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$298.02	+6.81 2.34%	$299.87	$292.00	2.06%	2,394,665 95.94%	2,496,000
Most Recent Note for ADBE - 6/20/2019 12:09:09 PM Gapped up for a 2nd consecutive session today hitting a new all-time high. The prior mid-day report noted - "Its 200 DMA line acted as support during the recent consolidation. Reported May '19 quarterly earnings +10% on +25% sales revenues, its 2nd consecutive quarterly earnings increase below the +25% minimum guideline (C criteria) with solid sales revenues growth. Annual earnings history (A criteria) included a downturn in FY '13 and '14, a flaw in regard to the fact-based investment system's fundamental guidelines."
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ANIP - NASDAQ - Medical-Biomed/Biotech A N I Pharmaceuticals	$78.00	+3.61 4.85%	$78.00	$74.82	4.25%	143,452 111.20%	129,000
Most Recent Note for ANIP - 6/20/2019 12:10:44 PM Hitting a new 52-week high with today's 4th consecutive volume-driven gain. Reported earnings -2% on +14% sales revenues for the Mar '19 quarter. After rebounding from a deep consolidation, the 4/18/19 mid-day report cautioned members - "Reported earnings +22% on +21% sales revenues for the Dec '18 quarter, its 3rd consecutive quarterly earnings increase below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history showed steady improvement since FY '13."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$84.49	+0.64 0.76%	$85.44	$98.76	-14.45%	27,473 78.49%	35,000
Most Recent Note for BBSI - 6/20/2019 12:13:42 PM The 6/19/19 mid-day report cautioned members - "Fundamental concerns remain. Sales revenues have been waning and its earnings history has not been strong and steady."
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DRI - NYSE - LEISURE - Restaurants Darden Restaurants Inc	$117.90	+0.49 0.42%	$118.00	$125.33	-5.93%	2,044,263 151.76%	1,347,000
Most Recent Note for DRI - 6/20/2019 12:18:04 PM Quarterly earnings for the period ended May 31, 2019 rose +27% on +4% sales revenues versus the year ago period. Prior earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) and sub par sales revenues growth has been noted as a concern. A "negative reversal" was noted on 9/20/18. It has been sputtering and enduring distributional pressure since wedging to touch a new all-time high on 5/21/19.
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FAF - NYSE - INSURANCE - Surety & Title Insurance First American Finl Corp	$55.36	+1.16 2.14%	$55.40	$58.29	-5.03%	412,171 68.81%	599,000
Most Recent Note for FAF - 6/20/2019 12:21:35 PM Gapped up today rebounding above its 50 DMA line. Found support at its 200 DMA line after a gap down and big volume-driven loss when last noted with caution in the 5/28/19 mid-day report - "Fundamental concerns remain. Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system guidelines."
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FDS - NYSE - COMPUTER SOFTWARE & SERVICES - Information & Delivery Service Factset Research Sys Inc	$301.58	-0.47 -0.16%	$305.38	$304.05	-0.81%	256,566 73.10%	351,000
Most Recent Note for FDS - 6/20/2019 12:22:44 PM Perched at its all-time high. Prior mid-day reports repeatedly cautioned members - "Reported earnings +14% on +6% sales revenues for the Feb '19 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Sales revenues and earnings history below guidelines."
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FLY - NYSE - Comml Svcs-Leasing Fly Leasing Ltd	$17.00	-0.04 -0.21%	$17.25	$17.24	-1.42%	182,665 83.03%	220,000
Most Recent Note for FLY - 6/20/2019 12:24:56 PM Recent volume-driven gains challenged its 2013 high. Prior mid-day reports repeatedly cautioned members - "Recent quarterly comparisons through Mar '19 showed very strong earnings increases, but this Ireland-based firm in the aircraft leasing business has a prior history that has been erratic. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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IIPR - AMEX - Finance-Property REIT Innovative Industrial Properties	$134.83	+9.52 7.60%	$137.78	$125.67	7.29%	453,102 121.48%	373,000
Most Recent Note for IIPR - 6/20/2019 12:28:06 PM Gapped up today for yet another new all-time high with its 7th consecutive gain backed volume, very extended from any sound base. Prior highs in the $91-93 area define near-term support above its 50 DMA line ($88). Prior mid-day reports 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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JBSS - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Sanfilippo John B & Son	$80.05	+1.15 1.46%	$80.75	$83.57	-4.21%	35,131 68.88%	51,000
Most Recent Note for JBSS - 6/20/2019 12:32:52 PM Consolidating since it spiked to a new all-time high 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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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Merit Medical Systems	$61.31	+0.14 0.22%	$61.93	$66.34	-7.59%	291,055 74.63%	390,000
Most Recent Note for MMSI - 6/20/2019 12:37:28 PM Reported earnings +19% on +17% sales revenues for the Mar '19 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been improving after a downturn in FY '12-13 raised fundamental concerns. Completed a new Public offering on 7/25/18.
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OFG - NYSE - BANKING - Money Center Banks O F G Bancorp	$20.91	-0.98 -4.48%	$22.21	$22.06	-5.21%	213,170 80.75%	264,000
Most Recent Note for OFG - 6/20/2019 12:40:39 PM There was a "negative reversal" today after hitting another new 52-week high following 3 consecutive volume-driven gains. The 2 prior mid-day reports cautioned members - "Reported earnings +40% on 11% sales revenues for the quarter ended March 31, 2019 versus the year ago period, its 2nd strong quarter with earnings above the +25% minimum earnings guideline (C criteria). Up and down annual earnings history raises concerns with respect to the A criteria of the fact-based investment system's guidelines."
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OMCL - NASDAQ - COMPUTER HARDWARE - Computer Based Systems Omnicell Inc	$90.59	+3.93 4.54%	$90.70	$86.97	4.17%	245,133 83.95%	292,000
Most Recent Note for OMCL - 6/20/2019 12:42:28 PM Hitting new 52-week and all-time highs with today's 4th consecutive volume-driven gain. Reported earnings +110% on +11% sales revenues for the Mar '19 quarter. Found support at its 200 DMA line during the consolidation since noted in the 3/21/19 mid-day report with caution - "Prior quarterly earnings increases were also above the +25% minimum guideline (C criteria), however, its sales revenues growth has not been strong and steady. Annual earnings (A criteria) history included a downturn in FY '17, a flaw concerning the fundamental guidelines of the fact-based investment system."
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OTEX - NASDAQ - INTERNET - Internet Software & Services Open Text Corp	$42.08	+0.74 1.78%	$42.34	$41.57	1.21%	746,630 140.87%	530,000
Most Recent Note for OTEX - 6/20/2019 12:45:18 PM Hitting new 52-week and all-time highs with today's 3rd consecutive volume-driven gain. Found support near its 50 DMA line and recently wedged higher. Prior mid-day reports cautioned members - "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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POST - NYSE - FOOD & BEVERAGE - Processed & Packaged Goods Post Holdings Inc	$103.94	-1.48 -1.40%	$106.25	$113.73	-8.61%	330,542 65.85%	502,000
Most Recent Note for POST - 6/20/2019 12:48:58 PM Sputtering below its 50 DMA line in recent weeks and today's loss has it slumping toward the prior low and its 200 DMA line defining near-term support in the $100-101 area. The 5/06/19 mid-day report last cautioned members - "Weak action came after it reported earnings +21% on -13% sales revenues for the Mar '19 quarter, a 2nd quarter of waning sales revenues versus the year ago period. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been erratic, not strong and steady."
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RHT - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Red Hat Inc	$188.57	+0.57 0.30%	$188.73	$189.14	-0.30%	1,028,698 69.98%	1,470,000
Most Recent Note for RHT - 6/20/2019 12:50:25 PM Due to report earnings news. Held its ground and made gradual progress since a gap up 10/29/18 on M&A news with IBM. Reported earnings +26% on +14% sales revenues for the Feb '19 quarter. Prior quarterly earnings (C criteria) history is not a great match guidelines of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady.
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SLP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Simulations Plus Inc	$28.91	+1.19 4.29%	$29.09	$27.79	4.03%	49,359 96.78%	51,000
Most Recent Note for SLP - 6/20/2019 12:51:58 PM Hitting new all-time highs with today's 4th consecutive gain backed by ever-increasing volume. Reported earnings +9% on +15% sales revenues for the Feb '19 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Quarterly sales revenues have been in the $6-8 million range, rather minuscule for publicly traded companies. Has a new CEO effective 6/26/18.
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SSFN - NASDAQ - Banks-Northeast Stewardship Finl Corp	$15.38	-0.07 -0.45%	$15.41	$15.52	-0.90%	112,606 137.32%	82,000
Most Recent Note for SSFN - 6/20/2019 12:53:10 PM Gapped up on 6/07/19 following M&A news. 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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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$59.25	+0.15 0.25%	$59.65	$59.86	-1.02%	94,132 77.16%	122,000
Most Recent Note for WNS - 6/20/2019 12:54:36 PM India-based Commercial Services - Outsourcing firm has been hovering in a tight range near its all-time high, stubbornly holding its ground following volume-driven gains. 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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WTS - NYSE - MANUFACTURING - Industrial Equipment & Compone Watts Water Technologies	$89.88	+0.08 0.09%	$91.15	$93.35	-3.72%	92,621 69.12%	134,000
Most Recent Note for WTS - 6/20/2019 12:56:17 PM Rebounding near its all-time high, but fundamental concerns remain. Went through a deep consolidation since noted with caution in the 8/03/18 mid-day report - "Prior quarterly comparisons showed sub par results and its annual earnings (A criteria) history has not been strong and steady."
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