Mid-Day Breakouts Report - Tuesday, July 24th, 2018

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MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 24TH, 2018
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DOW 25215.3 171.01 (0.68%) | NASDAQ 7878.61 36.74 (0.47%) | S&P 500 2820.64 13.66 (0.49%)

Time of Screening : 7/24/2018 11:23:56 AM Report Released : 7/24/2018 12:11:20 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
PYPL - NASDAQ PayPal Holdings, Inc	$91.06	+1.82 2.04%	$92.35	5,470,522 76.94% of 50 DAV 50 DAV is 7,110,000	$89.60 1.63%	7/23/2018	$89.24	PP = $87.55 MB = $91.93
Most Recent Note - 7/24/2018 12:00:27 PM Y - Gapped up today hitting a new all-time high. Posted a solid gain on the prior session backed by +65% above average volume, hitting a new all-time high, indicative of institutional buying demand. Due to report earnings news on 7/25/18. Volume and volatility often increase near earnings news. A valid secondary buy point exists up to 5% above the prior high ($87.55 on 6/21/18) since finding support at the 10 WMA line following a prior breakout. The 50 DMA line ($84.13) defines near-term support above the prior low ($80.16 on 6/28/18). >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$8.81	+0.64 7.86%	$9.07	$8.43	4.53%	401,240 933.12%	43,000
Most Recent Note for AUDC - 7/24/2018 11:30:13 AM This Israel-based Telecom firm gapped up today hitting a new 52-week high with a considerable volume-driven gain. Reported earnings +75% on +12% sales revenues for the Jun '18 quarter, its 6th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Sales revenues growth rate improved in recent quarters but is not a great match with the fact-based system's fundamental guidelines.
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BGSF - AMEX - Comml Svcs-Staffing B G Staffing Inc	$26.50	+1.89 7.68%	$27.35	$24.86	6.60%	149,159 191.23%	78,000
Most Recent Note for BGSF - 7/24/2018 11:30:52 AM Hitting a new 52-week high with today's 6th consecutive gain. Completed a new Public Offering on 5/25/18. Prior mid-day reports cautioned members - "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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BRO - NYSE - INSURANCE - Insurance Brokers Brown & Brown Inc	$28.73	-0.87 -2.94%	$28.79	$29.78	-3.53%	819,645 102.46%	800,000
Most Recent Note for BRO - 7/24/2018 11:32:09 AM Gapped down today, retreating from its 52-week high and retesting support near its 50 DMA line. Reported earnings +29% on +1% sales revenues for the Jun '18 quarter. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria). Fundamentals are not a match with the fact-based investment system's guidelines.
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CDNS - NASDAQ - Computer Sftwr-Design Cadence Design Systems	$46.08	+0.93 2.06%	$46.55	$46.00	0.17%	1,142,257 59.80%	1,910,000
Most Recent Note for CDNS - 7/24/2018 11:34:43 AM Gapped up today and hit a new all-time high. Reported earnings +32% on +8% sales revenues for the Jun '18 quarter. Fundamental concerns remain due to sub par sales revenues growth and because prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been steady.
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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$129.51	-6.61 -4.86%	$133.90	$136.29	-4.97%	1,411,036 99.44%	1,419,000
Most Recent Note for CNC - 7/24/2018 11:36:54 AM Gapped down today retreating from its all-time high. Reported earnings +13% on +19% sales revenues for the Jun '18 quarter. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Completed a new Public Offering on 5/03/18. Shares split 2-1 effective 2/20/15. Annual earnings history (A criteria) improved following a downturn for FY '09 and '10.
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CSX - NYSE - TRANSPORTATION - Railroads C S X Corp	$69.39	-0.89 -1.27%	$70.89	$70.43	-1.48%	2,991,287 59.85%	4,998,000
Most Recent Note for CSX - 7/24/2018 11:38:28 AM Posted 5 consecutive gains and touched another new all-time high today. Found prompt support near its 50 DMA line. Reported earnings +58% on +6% sales revenues for the Jun '18 quarter. Prior quarterly and annual earnings history (C and A criteria) has not been strong and steady.
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$214.23	+3.32 1.57%	$216.20	$211.62	1.23%	11,511,340 69.01%	16,681,000
Most Recent Note for FB - 7/24/2018 11:41:17 AM Gapped up today hitting another new high after recently wedging to new all-time highs with gains lacking great volume conviction. Due to report earnings news on 7/25/18. Reported earnings +63% on +49% sales revenues for the Mar '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Impressive annual earnings history (A criteria). Not a good match with most winning models of the fact-based investment system because of its large supply of shares outstanding (S criteria) and it is heavily owned by 3,958 top-rated mutual funds. That can be problematic in cases where sentiment shifts due to news events. Stocks with a small supply and just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal.
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$1,253.05	+47.55 3.94%	$1,266.00	$1,206.49	3.86%	1,752,439 126.71%	1,383,000
Most Recent Note for GOOG - 7/24/2018 11:42:43 AM Gapped up today hitting a new all-time high. Reported earnings +19% on +26% sales revenues for the Jun '18 quarter, below the +25% minimum earnings guideline (C criteria). This large-cap company is already heavily owned by 3,416 top-rated institutional investors (I criteria).
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GOOGL - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl A	$1,260.01	+49.01 4.05%	$1,275.00	$1,221.59	3.15%	2,780,139 160.05%	1,737,000
Most Recent Note for GOOGL - 7/24/2018 11:43:35 AM Gapped up today hitting a new all-time high. Reported earnings +19% on +26% sales revenues for the Jun '18 quarter, below the +25% minimum earnings guideline (C criteria). This large-cap company is already heavily owned by 4,183 top-rated institutional investors (I criteria).
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ICLR - NASDAQ - Medical-Research Eqp/Svc ICON plc	$140.90	+0.02 0.01%	$142.13	$141.48	-0.41%	151,133 74.45%	203,000
Most Recent Note for ICLR - 7/24/2018 11:44:03 AM Prior mid-day reports noted - "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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INDB - NASDAQ - BANKING - Regional - Northeast Banks Independent Bank Corp Ma	$90.15	-0.50 -0.55%	$91.05	$95.00	-5.11%	53,981 59.98%	90,000
Most Recent Note for INDB - 7/24/2018 11:44:48 AM Gapped up on the prior session hitting new all-time highs, quickly getting extended from any sound base. The 2 latest quarterly earnings increases through Jun '18 were above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history has been steady.
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MDSO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service Medidata Solutions Inc	$79.47	-8.81 -9.98%	$84.50	$88.87	-10.58%	1,488,856 262.12%	568,000
Most Recent Note for MDSO - 7/24/2018 11:49:43 AM Violating its 50 DMA line ($80.81) with today's big volume-driven loss, abruptly retreating from its all-time high. Reported earnings +43% on +15% sales revenues for the Jun '18 quarter. The 3 latest quarterly comparisons have been in the +24% to +43% range, near or above the +25% minimum earnings guideline (C criteria).
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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Merit Medical Systems	$59.20	+3.00 5.34%	$61.18	$56.85	4.13%	533,042 130.33%	409,000
Most Recent Note for MMSI - 7/24/2018 11:51:08 AM Gapped up today hitting new 52-week and all-time highs. Found support while consolidating near its 50 DMA line in recent weeks. Reported earnings +19% on +21% sales revenues for the Jun '18 quarter, its 4th consecutive quarterly comparison below 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.
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MTRN - NYSE - METALS & MINING - Industrial Metals & Minerals Materion Corp	$58.05	+2.30 4.13%	$58.35	$57.45	1.04%	64,330 81.43%	79,000
Most Recent Note for MTRN - 7/24/2018 11:54:29 AM Hitting a new 52-week high with today's big gain, and approaching its all-time high ($61.82 in 2007). Three of the past 4 quarterly comparisons through Mar '18 were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings history (A criteria) is a concern.
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OFLX - NASDAQ - Metal Proc & Fabrication Omega Flex Inc	$90.43	+2.83 3.23%	$90.52	$89.00	1.61%	13,742 76.34%	18,000
Most Recent Note for OFLX - 7/24/2018 11:57:20 AM Hitting new 52-week and all-time highs today. Reported earnings +57% on +13% sales revenues for the Jun '18 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$23.34	+2.04 9.59%	$25.15	$22.35	4.44%	836,324 185.44%	451,000
Most Recent Note for PGTI - 7/24/2018 11:59:12 AM Gapped up today hitting a new all-time high with a big volume-driven gain on M&A news. Stubbornly held its ground after noted in the 5/29/18 mid-day report - "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	$134.13	-2.36 -1.73%	$135.03	$149.85	-10.49%	341,258 88.18%	387,000
Most Recent Note for RACE - 7/24/2018 12:01:29 PM Gapped down on the prior session violating its 50 DMA line ($137), and slumping further today. Prior mid-day reports noted - "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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RBB - NASDAQ - Finance-Savings & Loan R B B Bancorp	$31.23	-1.30 -4.00%	$32.46	$33.62	-7.11%	44,491 68.45%	65,000
Most Recent Note for RBB - 7/24/2018 12:04:04 PM Pulling back from its all-time high and undercutting its 50 DMA line ($31.44) with above average volume behind today's big loss. Reported earnings -13% on +21% sales revenues for the Jun '18 quarter. Last noted with caution in the 4/25/18 mid-day report - "Limited history remains a concern, while it has rallied since its $23 IPO on 7/26/17. Fundamentals are not a match (C and A criteria) with the fact-based investment system's guidelines."
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TRU - NYSE - Financial Svcs-Specialty TransUnion	$73.79	-1.66 -2.20%	$75.95	$75.99	-2.90%	654,763 68.92%	950,000
Most Recent Note for TRU - 7/24/2018 12:05:54 PM Pulling back today, retreating from its all-time high with a 2nd consecutive volume-driven loss. Reported earnings +32% on +19% sales revenues for the Jun '18 quarter. Three of the 4 latest quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria). Completed another Secondary Offering on 3/07/18. Completed Secondary Offerings on 10/31/17, 8/02/17, 4/28/17, 9/08/16, 6/07/16, and 3/09/16. Limited history is a concern since it completed its $23 IPO on 6/25/15.
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TSC - NASDAQ - CONSUMER NON-DURABLES - Personal Products TriState Capital Hld Inc	$29.75	+0.30 1.02%	$30.10	$29.50	0.85%	78,585 58.21%	135,000
Most Recent Note for TSC - 7/24/2018 12:06:26 PM Hitting new 52-week and all-time highs with today's 5th consecutive gain. The 3 latest quarterly earnings reports through Jun '18 have been above the +25% minimum guideline (C criteria). and sales revenues growth has been strong. Annual earnings (A criteria) history has been good.
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VBTX - NASDAQ - BANKING - Regional - Southwest Banks Veritex Holdings, Inc	$31.29	-1.48 -4.52%	$32.07	$33.08	-5.41%	837,050 454.92%	184,000
Most Recent Note for VBTX - 7/24/2018 12:10:01 PM Gapped down today and undercut its 50 DMA line ($31.58) with a volume-driven loss, retreating from its all-time high. Reported earnings +74% on +131% sales revenues for the Jun '18 quarter, its 2nd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history. It was dropped from the Featured Stocks list on 4/12/17.
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WP - NYSE - Finance-CrdtCard/PmtPr Worldpay Inc Cl A	$84.37	-3.33 -3.80%	$87.02	$87.71	-3.81%	2,192,942 108.83%	2,015,000
Most Recent Note for WP - 7/24/2018 12:11:17 PM Pulling back from its all-time high and testing its 50 DMA line ($83.02) with today's big volume-driven loss. Reported earnings +19% on -8% sales revenues for the Mar '18 quarter versus the year ago period. Prior quarterly comparisons showed stronger earnings increases with sales revenues up in the +12-13% range.
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