Mid-Day Breakouts Report - Thursday, June 21st, 2018

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 21ST, 2018
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DOW 24492.48 -165.32 (-0.67%) | NASDAQ 7739.59 -41.92 (-0.54%) | S&P 500 2758.63 -8.69 (-0.31%)

Time of Screening : 6/21/2018 12:14:17 PM Report Released : 6/21/2018 1:28:15 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
ENV - NYSE Envestnet Inc	$58.45	-0.25 -0.43%	$58.80	218,613 65.14% of 50 DAV 50 DAV is 335,600	$60.28 -3.04%	6/15/2018	$57.85	PP = $60.37 MB = $63.39
Most Recent Note - 6/21/2018 12:29:49 PM Y - Encountering some distributional pressure and churning above average volume while perched near its all-time high. Members were reminded - "Subsequent volume-driven gains for new highs may clinch a more convincing technical buy signal. See the latest FSU analysis for more details and a new annotated graph." >>> The latest Featured Stock Update with an annotated graph appeared on 6/19/2018. Click here.
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LOB - NASDAQ Live Oak Bancshares, Inc.	$31.45	-0.05 -0.16%	$31.60	77,205 72.83% of 50 DAV 50 DAV is 106,000	$31.65 -0.63%	5/21/2018	$29.35	PP = $30.15 MB = $31.66
Most Recent Note - 6/21/2018 12:54:40 PM Y - Rallied near its "max buy" level with 4 consecutive volume-driven gains after testing support at its 50 DMA line ($29.34). Bullish action recently triggered a technical buy signal. Prior lows in the $26-27 area define important near term support. Recently reported earnings +63% on +42% for the Mar '18 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 5/23/2018. Click here.
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NFLX - NASDAQ Netflix Inc	$418.33	+1.57 0.38%	$423.21	11,754,554 127.24% of 50 DAV 50 DAV is 9,238,000	$419.47 -0.27%	5/24/2018	$348.85	PP = $338.92 MB = $355.87
Most Recent Note - 6/21/2018 1:13:20 PM G - Churning heavy volume today while perched at its all-time high. Disciplined investors avoid chasing stocks extended more that +5% above a sound base pattern. Its 50 DMA line ($342) and prior highs in the $338-333 area define important support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 5/24/2018. Click here.
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SEND - NYSE Sendgrid Inc	$31.11	+0.73 2.40%	$31.40	572,319 107.78% of 50 DAV 50 DAV is 531,000	$32.03 -2.87%	6/20/2018	$30.72	PP = $32.13 MB = $33.74
Most Recent Note - 6/21/2018 1:19:53 PM Y - Adding to an impressive spurt of volume-driven gains above its 50 DMA line and very little resistance remains. New pivot point cited was based on its 3/12/18 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are still needed to trigger a proper new (or add-on) technical buy signal. Recent lows in the $23-24 area define important support to watch on pullbacks. Showed resilience since it completed a new Public Offering and Secondary Offering on 4/05/18. >>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2018. Click here.
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SUPN - NASDAQ Supernus Pharmaceuticals	$57.68	-0.38 -0.65%	$61.10	886,692 114.12% of 50 DAV 50 DAV is 777,000	$59.05 -2.33%	6/20/2018	$58.05	PP = $59.15 MB = $62.11
Most Recent Note - 6/21/2018 1:27:23 PM Y - Erased much of its early gain after hitting a new high today. New pivot point was cited based on its 5/16/18 high plus 10 cents. Gains and a close above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Stayed well above its 50 DMA line ($52.13) and prior highs in the $49-50 area during an orderly consolidation. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMCX - NASDAQ - MEDIA - CATV Systems Amc Networks Inc	$64.97	-2.45 -3.63%	$66.11	$69.02	-5.87%	730,050 87.96%	830,000
Most Recent Note for AMCX - 6/21/2018 12:16:20 PM Pulling back this week after rallying to reach a new 52-week high with big volume-driven gains last week. Prior mid-day reports cautioned members - "Fundamental concerns remain due to sub par sales revenues growth. After a downturn in FY '14 earnings its annual earnings (A criteria) history for this Leisure - Movies Related firm has improved."
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AMSWA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software American Software Inc A	$15.56	+0.40 2.64%	$15.56	$15.16	2.64%	45,982 77.94%	59,000
Most Recent Note for AMSWA - 6/21/2018 12:17:42 PM Hitting yet another new 52-week high with today's 7th consecutive gain with above average volume. Reported earnings above the +25% minimum guideline (C criteria) in the 3 latest quarterly comparisons through Jan '18 versus the year ago periods. Prior quarterly and annual earnings (A criteria) history and its sub par sales revenues growth falls short of the fact-based investment system's guidelines.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$205.74	+0.24 0.12%	$206.95	$216.90	-5.15%	556,393 70.97%	784,000
Most Recent Note for ASML - 6/21/2018 12:19:23 PM Dutch Electronics - Semiconductor Equipment firm is consolidating above its 50 DMA line after quietly touching a new all-time high last week. Prior mid-day reports cautioned - "Reported Mar '18 quarterly earnings +38% on +35% sales revenues, its 7th consecutive strong quarterly comparison more than +25% versus the the year ago period (C criteria). Its annual earnings (A criteria) growth history has not been strong and steady, leaving fundamental concerns regarding the strict guidelines of the fact-based investment system."
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COBZ - NASDAQ - BANKING - Regional - Southwest Banks Cobiz Financial Inc	$22.04	-0.05 -0.23%	$22.20	$23.48	-6.13%	150,408 65.11%	231,000
Most Recent Note for COBZ - 6/21/2018 12:21:03 PM Retreated from multi-year highs, consolidating above prior highs and its 50 DMA line following 6/18/18 M&A news. Reported earnings +55% on +13% sales revenues for the Mar '18 quarter but prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history also is not a good match with the investment system's guidelines.
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COTV - NYSE - Comml Svcs-Healthcare Cotiviti Holdings Inc	$44.15	+0.05 0.11%	$44.15	$45.97	-3.96%	895,359 128.27%	698,000
Most Recent Note for COTV - 6/21/2018 12:22:21 PM Gapped up on 6/19/18 and it is perched within close striking distance of its all-time high. The prior mid-day report cautioned members - "Reported earnings +21% on +37% sales revenues for the Mar '18 quarter. Fundamental concerns remain. It has earned good ranks, however prior quarterly sales revenues and earnings increases have been below the +25% guideline (C criteria)."
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$39.05	-0.65 -1.64%	$39.90	$40.09	-2.59%	180,827 73.21%	247,000
Most Recent Note for ENSG - 6/21/2018 12:24:00 PM Perched at its all-time high, extended from any sound base. Wedged higher since noted in the 6/08/18 mid-day report - "The 2 most recent quarters through Mar '18 showed earnings increases above the +25% minimum guideline. Prior quarterly and annual earnings (C and A criteria) growth history has been below the investment system's guidelines."
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FBNK - NASDAQ - Banks-Northeast First Conn Bancorp Inc	$31.60	+0.00 0.00%	$31.70	$31.78	-0.57%	119,135 105.43%	113,000
Most Recent Note for FBNK - 6/21/2018 12:35:06 PM Perched at its all-time high following a gap up on 6/19/18 M&A news. Reported earnings +19% on +12% sales revenues for the Mar '18 quarter, below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '13 earnings.
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FNGN - NASDAQ - FINANCIAL SERVICES - Asset Management Financial Engines Inc	$44.90	+0.08 0.18%	$44.90	$44.95	-0.11%	567,285 65.58%	865,000
Most Recent Note for FNGN - 6/21/2018 12:35:51 PM Gapped up on 4/30/18 following M&A news. Reported earnings +42% on +12% sales revenues for the Mar '18 quarter, its 2nd quarterly comparison above the +25% minimum guideline (C criteria).
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FUNC - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First United Corp	$23.25	-0.25 -1.06%	$23.60	$24.32	-4.40%	24,640 102.67%	24,000
Most Recent Note for FUNC - 6/21/2018 12:37:35 PM Consolidating above its prior high, holding its ground following a streak of 5 consecutive gains marked by volume. Prior mid-day reports noted - "Reported great earnings increases for the Dec '17 and Mar '18 quarter. Prior quarterly and annual earnings and its sub par sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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GOOS - NYSE - Apparel-Clothing Mfg Canada Goose Hldgs Cl A	$63.25	-0.75 -1.17%	$63.63	$68.75	-8.00%	2,812,993 245.46%	1,146,000
Most Recent Note for GOOS - 6/21/2018 12:40:30 PM Proposed a Secondary Offering on the prior session at its all-time high following an impressive streak of 9 consecutive gains, very extended from any sound base. Reported earnings per share of 9 cents versus a loss of 14 cents per share for the Mar '18 quarter on +144% sales revenues versus the year ago period. When rallying from an orderly base it was noted in the 5/15/18 mid-day report - "Reported strong sales revenues and earnings increases in the Sep and Dec '17 quarters. Limited history is a concern. Rose considerably since it completed its $17 IPO on 3/16/17 and a Secondary Offering on 6/27/17."
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$35.41	-0.18 -0.51%	$35.86	$35.88	-1.31%	57,080 85.19%	67,000
Most Recent Note for GRC - 6/21/2018 12:43:07 PM Perched at its 52-week high following a streak of 8 consecutive gains. Reported earnings above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Mar '18 but fundamental concerns remain. Sub par sales revenues growth and its up and down annual earnings (A criteria) earnings makes it fall below the fact-based investment system's fundamental guidelines.
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ICLR - NASDAQ - Medical-Research Eqp/Svc ICON plc	$135.57	-0.97 -0.71%	$136.90	$136.93	-0.99%	144,078 70.28%	205,000
Most Recent Note for ICLR - 6/21/2018 12:46:24 PM Recently wedging to new all-time highs with gains lacking great volume conviction. Reported earnings +10% on +7% sales revenues for the Mar '18 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with sub par sales revenues growth. Found support near its 200 DMA line during its consolidation since noted in the 11/10/17 mid-day report - "Sub par sales revenues growth remains a concern, fundamentally, because it reveals no great demand for new products or services (N criteria). Annual earnings history (A criteria) has been improving after downturn in FY '10 and '11. It was dropped from the Featured Stocks list on 10/06/08."
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INTC - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Intel Corp	$52.51	-0.95 -1.78%	$54.53	$57.60	-8.84%	25,024,968 97.03%	25,792,000
Most Recent Note for INTC - 6/21/2018 12:50:43 PM Sputtering below its 50 DMA line with a negative reversal for another volume-driven loss today. Wedged higher with gains lacking great volume conviction after noted in the 4/27/18 mid-day report - "Reported earnings +32% on +9% sales revenues for the quarter ended March 31, 2018 versus the year ago period, marking the 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). Annual earnings history steadily improved after a downturn in FY '12-13."
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MED - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Medifast Inc	$163.11	-13.42 -7.60%	$177.81	$179.52	-9.14%	457,575 243.39%	188,000
Most Recent Note for MED - 6/21/2018 1:04:46 PM Abruptly retreating from its all-time high with a big volume-driven loss today after getting very extended from any sound base. Reported very strong Mar '18 and Dec '17 quarterly earnings increases, but prior quarterly comparisons were below the +25% sales minimum guideline (C criteria). Showing encouraging sequential acceleration in its sales revenues growth versus the year ago periods. Annual earnings (A criteria) history has strong after a downturn in FY '14 and '15.
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MGA - NYSE - AUTOMOTIVE - Auto Parts Magna Intl Inc	$62.83	-0.64 -1.01%	$63.39	$67.47	-6.88%	747,147 73.18%	1,021,000
Most Recent Note for MGA - 6/21/2018 1:08:01 PM Slumped from its 52-week high testing its 50 DMA line. Reported earnings +20% on +21% sales revenues for the Mar '18 quarter. Fundamental concerns remain.
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MU - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Micron Technology Inc	$60.14	+1.19 2.02%	$61.83	$64.66	-6.99%	43,571,453 88.70%	49,123,000
Most Recent Note for MU - 6/21/2018 1:11:42 PM Hovering near its all-time high with volume-totals cooling in recent weeks. Reported earnings +94% on +40% sales revenues for the May '18 quarter. Recent quarters have shown strong sales revenues and earnings increasing greatly, however its prior quarterly and annual earnings history (A criteria) has been erratic and below the fact-based system's guidelines.
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PRLB - NYSE - MANUFACTURING - Small Tools & Accessories Proto Labs Inc	$132.80	-0.40 -0.30%	$134.55	$136.40	-2.64%	97,966 69.98%	140,000
Most Recent Note for PRLB - 6/21/2018 1:15:53 PM Stubbornly holding its ground after rallying from an orderly base last week. The 6/18/18 mid-day report noted - "Reported earnings +39% on +34% sales revenues for the Apr '18 quarter, its 2nd strong quarter. Prior quarters were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have been up and down. It was dropped from the Featured Stocks list on 12/05/13."
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PUB - NASDAQ - BANKING - Regional - Southwest Banks People's Utah Bancorp	$38.30	+0.50 1.32%	$38.30	$38.53	-0.60%	35,000 109.38%	32,000
Most Recent Note for PUB - 6/21/2018 1:17:28 PM Perched at its 52-week high with today's 3rd consecutive volume-driven gain. Last noted in the 6/07/18 mid-day report with caution - "Found support near its 50 and 200 DMA lines in recent months. Reported earnings +36% on +40% sales revenues for the Mar '18 quarter, but fundamental concerns remain. Quarterly and annual earnings (C and A criteria) history for this Bank holding firm is not a match with the fact-based investment system's guidelines."
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SIRI - NASDAQ - MEDIA - Broadcasting - Radio Sirius X M Holdings Inc	$7.18	-0.33 -4.39%	$7.30	$7.70	-6.75%	13,572,116 85.28%	15,915,000
Most Recent Note for SIRI - 6/21/2018 1:22:24 PM Gapped down today, abruptly retreating from its 52-week high after getting very extended from any sound base. Quarterly comparisons through Mar '18 showed waning sales revenues growth which is cause for some concern. Quarterly comparisons have not shown strong and steady earnings growth, however its annual earnings (A criteria) history has been strong. Made a choppy advance that included a dip below its 200 DMA line after dropped from the Featured Stocks list on 5/03/17.
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SRI - NYSE - AUTOMOTIVE - Auto Parts Stoneridge Inc	$36.37	+0.77 2.16%	$36.44	$35.66	1.99%	265,078 97.81%	271,000
Most Recent Note for SRI - 6/21/2018 1:23:43 PM Gapped up on the prior session and hitting another new all-time high today. Held its ground stubbornly since noted in the 5/15/18 mid-day report - "Reported earnings +32% on +11% sales revenues for the Mar '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria), and fundamental concerns remain. Annual earnings (A criteria) history has not been strong and steady and its fundamentals are below guidelines of the fact-based investment system."
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$23.82	-0.47 -1.92%	$24.01	$26.43	-9.89%	2,461,741 81.57%	3,018,000
Most Recent Note for STM - 6/21/2018 1:25:00 PM Testing support at its 50 DMA line with today's 5th consecutive loss from its 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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TCMD - NASDAQ - Medical-Products Tactile Systems Tech	$53.42	-1.85 -3.35%	$56.06	$57.60	-7.26%	232,636 94.57%	246,000
Most Recent Note for TCMD - 6/21/2018 1:28:11 PM Consolidating near its 52-week high, extended from any sound base. Reported a loss of one cent per share on +35% sales revenues, versus a loss of 9 cents per share for the year ago quarter ended March 31. The 3 prior quarterly comparisons through Dec '17 were above the +25% minimum earnings guideline (C criteria). Increasing institutional ownership interest (I criteria) is a reassuring sign. Completed a new Public Offering on 9/13/17. Annual earnings history is limited since its $10 IPO in 2016.
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