Mid-Day Breakouts Report - Tuesday, August 29th, 2017

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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 29TH, 2017
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DOW 21824.06 15.66 (0.07%) | NASDAQ 6292.77 9.75 (0.16%) | S&P 500 2441.74 -2.5 (-0.10%)

Time of Screening : 8/29/2017 12:27:54 PM Report Released : 8/29/2017 1:30:56 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
AVGO - NASDAQ Broadcom Inc	$243.00	-0.25 -0.10%	$244.58	1,718,717 69.16% of 50 DAV 50 DAV is 2,485,000	$259.36 -6.31%	8/24/2017	$252.44	PP = $256.89 MB = $269.73
Most Recent Note - 8/29/2017 12:34:23 PM G - Prior low ($238.70) on 8/11/17) defines the next technical support level to watch. Volume-driven losses violated its 50 DMA line ($246) raising concerns and triggering a technical sell signal. Reported earnings +42% on +18% sales revenues for the Jul '17 quarter. Volume and volatility often increase near earnings news. It was highlighted in the 8/24/17 mid-day report - "Subsequent volume-driven gains above the pivot and for new highs may trigger a technical buy signal. Prior quarterly and annual earnings history (C and A criteria) is a good match with the fact-based investment system's fundamental guidelines." See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2017. Click here.
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ESNT - NYSE Essent Group Ltd	$36.98	-1.15 -3.02%	$37.90	431,179 71.86% of 50 DAV 50 DAV is 600,000	$41.44 -10.76%	7/3/2017	$38.05	PP = $39.60 MB = $41.58
Most Recent Note - 8/29/2017 12:57:54 PM G - Today's 4th consecutive loss has it violating its 50 DMA line ($38.20) raising concerns and triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook. Completed a new Public Offering on 8/08/17. Prior lows ($36.71 on 8/11/17) and its 200 DMA line define near-term support in the $34-35 area. >>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2017. 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	$145.03	-2.87 -1.94%	$147.10	$157.41	-7.86%	262,254 90.43%	290,000
Most Recent Note for ABMD - 8/29/2017 12:31:54 PM Pulling back from its all-time high, violating its 50 DMA line ($146.98) with a gap down today. Wedged higher with gains lacking great volume conviction since last noted with caution in the 7/27/17 mid-day report - "Reported Jun '17 quarterly earnings +55% on +29% sales revenues. The past 3 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '14."
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BABA - NYSE - INTERNET - Internet Software & Services Alibaba Group Holding Limited	$168.96	+0.66 0.39%	$169.18	$177.00	-4.54%	12,124,573 67.95%	17,844,000
Most Recent Note for BABA - 8/29/2017 12:35:54 PM Perched near its 52-week high, very extended from any sound base. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Jun '17 quarterly earnings +60% on +53% sales revenues, its 4th quarterly comparison well above the +25% minimum guideline (C criteria). Completed its $88 IPO on 9/19/14. Owned already by 2,615 top-rated funds. The fact-based investment system's guidelines suggest finding stocks when beginning to attract institutional interest.
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BBY - NYSE - RETAIL - Electronics Stores Best Buy Co Inc	$55.84	-6.63 -10.61%	$58.85	$63.32	-11.81%	21,719,621 646.22%	3,361,000
Most Recent Note for BBY - 8/29/2017 12:40:36 PM Gapped down today for a considerable loss on higher volume violating its 50 DMA line. Last noted with caution in the 7/20/17 mid-day report - "Completed a bearish 'island reversal' pattern as it gapped down on 7/20/17 after the 'breakaway gap' for a new all-time high on 5/25/17. Sales revenues growth history is below the guidelines of the fact-based investment system. Annual earning (A criteria) growth has not been strong and steady."
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CTLT - NYSE - DRUGS - Biotechnology Catalent, Inc	$40.61	+5.25 14.85%	$41.37	$38.73	4.85%	2,682,125 266.88%	1,005,000
Most Recent Note for CTLT - 8/29/2017 12:44:23 PM Gapped up hitting a new all-time high with today's big volume-driven gain. Reported earnings +25% on +16% sales revenues for the Jun '17 quarter. Up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines. Completed Secondary Offerings on 6/02/15 and 3/03/15, up from its $21 IPO on 7/31/14.
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CVCO - NASDAQ - MATERIALS & CONSTRUCTION - Manufactured Housing Cavco Industries Inc	$134.00	-0.15 -0.11%	$134.60	$143.10	-6.36%	27,722 74.92%	37,000
Most Recent Note for CVCO - 8/29/2017 12:51:08 PM This Building - Mobile/Manufacturing&RV firm has not formed a sound base and slumped since noted with caution in the 8/08/17 mid-day report at its 52-week high. Rebounded above its 50 DMA line on the prior session with a volume-driven gain after recently re-testing its prior highs in the $121 area. Reported earnings +113% on +12% sales revenues for the Jun '17 quarter, its 3rd consecutive strong quarter. Annual earnings (A criteria) growth has been very good after an abrupt downturn in FY '13.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$27.55	-0.10 -0.36%	$27.70	$27.65	-0.36%	61,907 96.73%	64,000
Most Recent Note for DSGX - 8/29/2017 12:52:05 PM Hovering at its 52-week high following an impressive streak of gains. Prior mid-day reports cautioned - "Earnings rose by +13% on +11% sales revenues for the Apr '17 quarter and fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) are not a match with the fact-based investment system."
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IXYS - NASDAQ - ELECTRONICS - Semiconductor - Specialized I X Y S Corp	$22.38	-0.03 -0.11%	$22.45	$22.50	-0.56%	1,118,465 242.09%	462,000
Most Recent Note for IXYS - 8/29/2017 12:59:08 PM Gapped up on the prior session for a considerable gain and new 52-week high on M&A news. Littelfuse, Inc. (LFUS) and IXYS Corporation (IXYS) announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. Prior mid-day reports noted - "Prior quarterly and annual earnings history (C and A criteria) is below the fact-based system's guidelines."
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LFUS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Littelfuse Inc	$175.64	+1.38 0.79%	$177.11	$188.60	-6.87%	93,938 68.57%	137,000
Most Recent Note for LFUS - 8/29/2017 1:00:29 PM Finding prompt support near its 50 DMA line after M&A news. Littelfuse, Inc. (LFUS) and IXYS Corporation (IXYS) announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. Prior mid-day reports noted - "This Electronic - Parts firm reported earnings +46% on +15% sales revenues for the Jun '17 quarter. Three of the past 4 quarterly comparisons have been above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been a great match with the guidelines of the fact-based investment system's guidelines."
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LGND - NASDAQ - DRUGS - Drug Manufacturers - Other Ligand Pharmaceuticals	$125.46	+1.27 1.02%	$126.07	$129.94	-3.45%	156,685 67.54%	232,000
Most Recent Note for LGND - 8/29/2017 1:00:59 PM Reported earnings +91% on +43% sales revenues for the Jun '17 quarter, but fundamental concerns remain. Rebounding toward prior highs after a deep consolidation since noted with caution in the 7/20/16 mid-day report.
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$56.36	-0.58 -1.01%	$57.70	$62.00	-9.10%	119,613 102.23%	117,000
Most Recent Note for MGPI - 8/29/2017 1:03:43 PM Retreating from its all-time high and testing its 50 DMA line ($55.39). Prior mid-day reports cautioned members - "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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NOAH - NYSE - FINANCIAL SERVICES - Asset Management Noah Holdings Ltd Ads	$29.57	-1.03 -3.37%	$30.42	$33.05	-10.53%	152,088 67.90%	224,000
Most Recent Note for NOAH - 8/29/2017 1:06:44 PM Violated its 50 DMA line ($30.39), pulling back toward prior highs in the $29 area. Reported earnings +12% on +6% sales revenues for the Jun '17 quarter, and prior quarterly comparisons were below the +25% minimum earnings (C criteria) guideline. It was dropped from the Featured Stocks list on 12/10/13.
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NVEE - NASDAQ - Comml Svcs-Consulting N V 5 Holdings Inc	$46.35	+1.30 2.89%	$46.35	$46.45	-0.22%	28,049 75.81%	37,000
Most Recent Note for NVEE - 8/29/2017 1:09:25 PM Found support at its 50 DMA line in recent weeks and rallied to new highs with volume-driven gains. Last noted in the 8/10/17 mid-day report - "Reported earnings +47% on +50% sales revenues for the Jun '17 quarter, but the 4 prior quarters were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 9/13/16."
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NVR - NYSE - MATERIALS & CONSTRUCTION - Residential Construction N V R Inc	$2,635.00	-35.00 -1.31%	$2,677.77	$2,775.52	-5.06%	17,360 69.44%	25,000
Most Recent Note for NVR - 8/29/2017 1:10:49 PM Last noted with caution in the 7/21/17 mid-day report - "Reported earnings +60% on +11% sales revenues for the Jun '17 quarter, but prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) have been improving since a downturn in FY '11 caused concerns."
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PNTR - NASDAQ - Security/Sfty Pointer Telocation Ltd	$14.30	-0.40 -2.72%	$14.35	$15.90	-10.06%	39,317 70.21%	56,000
Most Recent Note for PNTR - 8/29/2017 1:12:15 PM Powered to new multi-year high with a spurt of volume-driven gains. Did not form a sound base pattern. Prior mid-day reports cautioned members -"Reported improved sales revenues and earnings increases in the Mar and Jun '17 quarters, but prior earnings increases (C and A criteria) have not been strong and steady."
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Q - NYSE - TELECOMMUNICATIONS - Telecom Services - Domestic Quintiles Transnational	$96.88	+1.33 1.39%	$97.33	$99.95	-3.07%	1,357,871 72.77%	1,866,000
Most Recent Note for Q - 8/29/2017 1:13:55 PM Gapped up on 8/25/17 hitting a new all-time high on news it was being added to the S&P 500 Index. Prior mid-day reports cautioned members - "Reported earnings +17% on +53% sales revenues for the Jun '17 quarter and fundamental concerns remain. Completed Secondary Offerings on 7/31/15, 5/14/15, 11/06/14, and 3/12/14."
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RTN - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense - Major Raytheon Company	$181.49	+3.25 1.82%	$182.05	$181.05	0.24%	1,124,831 86.39%	1,302,000
Most Recent Note for RTN - 8/29/2017 1:16:38 PM This Aerospace/Defense firm gapped up today hitting a new all-time high with volume running at an above average pace. Stubbornly held its ground while volume totals cooled since last noted in the 8/10/17 mid-day report - "Reported earnings +28% on +4% sales revenues for the Jun '17 quarter. Prior quarterly and annual earnings (C and A criteria) history and its sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines."
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SAIA - NASDAQ - TRANSPORTATION - Trucking Saia Inc	$53.48	-0.18 -0.33%	$53.75	$58.00	-7.80%	157,457 88.46%	178,000
Most Recent Note for SAIA - 8/29/2017 1:18:02 PM Found prompt support near its 50 DMA line. Last noted in the 7/31/17 mid-day report - "Reported earnings +31% on +15% sales revenues for the Jun '17 quarter. Prior quarters showed sub par sales revenues increases and earnings not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been erratic and not a match with the fact-based investment system's guidelines."
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SGC - NASDAQ - Comml Svcs-Outsourcing Superior Group of Companies	$21.95	+0.16 0.73%	$22.57	$23.33	-5.92%	80,003 470.61%	17,000
Most Recent Note for SGC - 8/29/2017 1:21:23 PM Met resistance near prior highs as it rebounded above its 50 DMA line ($22.01) with today's early volume-driven gain. Noted with caution in prior mid-day reports - "Reported earnings +32% on +1% sales revenues for the Jun '17 quarter, and fundamental concerns remain. Shares split 2:1 effective 2/05/15. Quarterly and annual earnings history (C and A criteria) has not been strong and steady enough to meet the fact-based investment system's guidelines."
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SP - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc SP Plus Corp	$36.95	-0.45 -1.20%	$37.60	$38.55	-4.15%	227,568 125.73%	181,000
Most Recent Note for SP - 8/29/2017 1:26:33 PM Since last noted with caution in the 4/26/17 mid-day report it went through a deep consolidation, found support near its 200 DMA line, completed a Secondary Offering (6/23/17) and gradually rebounded. Reported Jun '17 earnings +56% on +3% sales revenues versus the year ago period. Prior 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 fundamental guidelines.
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SUPV - NYSE - Banks-Foreign Grupo Superviel Cl B Ads	$20.82	+0.37 1.81%	$20.86	$22.10	-5.79%	229,352 87.54%	262,000
Most Recent Note for SUPV - 8/29/2017 1:27:17 PM Perched near its all-time high following a streak of gains after reporting Jun '17 earnings +92% on +24% sales revenues versus the year ago period. Fundamentals are sub par and limited history is a concern. Up from its $11 IPO on 5/19/16.
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TRHC - NASDAQ - Computer Sftwr-Medical Tabula Rasa Healthcare	$21.86	+1.65 8.16%	$21.88	$20.28	7.79%	126,937 123.24%	103,000
Most Recent Note for TRHC - 8/29/2017 1:30:50 PM Hitting a new high, getting very extended from any sound base. Recent quarters through Jun '17 showed very strong sales revenues and earnings increases well above the +25% minimum earnings guideline (C criteria) Limited annual earnings (A criteria) history is a concern since its $12 IPO on 9/26/16.
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