Mid-Day Breakouts Report - Tuesday, October 16th, 2018

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 16TH, 2018
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DOW 25592.12 341.57 (1.35%) | NASDAQ 7572.34 141.6 (1.91%) | S&P 500 2793.74 42.95 (1.56%)

Time of Screening : 10/16/2018 12:27:19 PM Report Released : 10/16/2018 1:11:28 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
AB - NYSE - Finance-Investment Mgmt Alliancebernstein Hld Lp	$30.50	+0.60 2.01%	$30.59	$31.24	-2.37%	335,479 136.37%	246,000
Most Recent Note for AB - 10/16/2018 12:31:34 PM Tested its 200 DMA line ($28.20) with damaging volume-driven losses last week and it is rebounding above its 50 DMA line ($30.11) with today's impressive 3rd consecutive volume-driven gain. Noted with caution in the 9/14/18 mid-day and prior mid-day reports - "Earnings increases were above the +25% minimum guideline (C criteria) in the Mar and Jun '18 quarters however sales revenues growth has not been strong or accelerating. Annual earning growth has been steady."
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ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$257.11	+19.10 8.02%	$257.95	$277.61	-7.39%	4,758,121 154.48%	3,080,000
Most Recent Note for ADBE - 10/16/2018 12:33:03 PM Rebounding near its 50 DMA line ($260) which may act as resistance. Found support near its 200 DMA line ($234) last week after a damaging streak of 7 consecutive losses. Noted with caution at its all-time high in the 9/14/18 mid-day report - "Reported Aug '18 quarterly earnings +57% on +24% sales revenues. Strong quarterly earnings increases well above the +25% minimum guideline (C criteria) with solid sales revenues growth, however, its 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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ASRV - NASDAQ - BANKING - Regional - Northeast Banks Ameriserv Financial Inc	$4.45	+0.14 3.31%	$4.46	$4.55	-2.14%	33,959 141.50%	24,000
Most Recent Note for ASRV - 10/16/2018 12:34:54 PM Rebounding above its 50 DMA line with today's 4th consecutive gain. Reported improved earnings increases in recent quarterly comparisons through Sep '18, but with sub par sales revenues growth. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$759.42	-27.58 -3.50%	$782.90	$797.89	-4.82%	196,510 70.18%	280,000
Most Recent Note for AZO - 10/16/2018 12:36:34 PM Testing support near its 50 DMA line ($763). Reported earnings +22% on +1% sales revenues for the quarter ended Aug 31, 2018 versus the year ago period. It has shown strong annual earnings (A criteria) growth, but quarterly increases have been below the minimum +25% guideline for the C criteria. It is already heavily owned by mutual funds.
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BDX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Becton Dickinson & Co	$241.54	+3.23 1.36%	$241.54	$265.87	-9.15%	776,987 87.89%	884,000
Most Recent Note for BDX - 10/16/2018 12:39:39 PM Pulled back from its all-time high nearly testing support at its 200 DMA line ($236). Reported earnings increases below the +25% minimum guideline (C criteria) in quarterly comparisons through Jun '18. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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BSTC - NASDAQ - Medical-Biomed/Biotech Biospecifics Technologie	$61.95	+0.98 1.61%	$62.00	$62.50	-0.88%	24,666 70.47%	35,000
Most Recent Note for BSTC - 10/16/2018 12:41:37 PM Perched at its 52-week high with today's 4th consecutive gain marked by increasing volume. Found support above its 50 DMA line while consolidating since last noted in the 9/13/18 mid-day reports - "Fundamental concerns remain. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons."
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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$79.38	+1.06 1.35%	$80.17	$90.21	-12.01%	19,109 86.86%	22,000
Most Recent Note for FSV - 10/16/2018 12:42:44 PM Since noted with caution in the 8/17/18 it slumped from its all-time high and violated its 50 DMA line. The Mar and Jun '18 quarters had earnings increases above the +25% minimum guideline (C criteria). Prior comparisons were sub par.
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HRS - NYSE - TELECOMMUNICATIONS - Communication Equipment Harris Corp	$172.77	-0.48 -0.28%	$175.50	$174.29	-0.87%	843,214 122.38%	689,000
Most Recent Note for HRS - 10/16/2018 12:44:20 PM Perched at its 52-week high following M&A news. Last noted in the 10/12/12 mid-day report - "Sales revenues and earnings history are below are fact-based investment system's guidelines. To satisfy the C criteria, current earnings per share should be up +25% or more and in the most ideal cases accelerating impressively in the most recent 3-4 quarterly comparisons."
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$319.80	+6.39 2.04%	$320.90	$372.61	-14.17%	813,052 90.34%	900,000
Most Recent Note for ILMN - 10/16/2018 12:46:00 PM Sputtering since it violated its 50 DMA line with a big gap down 10/05/18 during a damaging streak of losses marked by volume. Wedged higher with most gains lacking great volume conviction after noted with caution in the 8/17/18 mid-day report - "Reported earnings +74% on +25% sales revenues for the Jun '18 quarter, its 3rd strong quarterly comparison. Prior comparisons were well below with +25% minimum earnings guideline (C criteria) and negative versus the year ago periods."
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MBTF - NASDAQ - BANKING - Regional - Northeast Banks M B T Financial Corp	$11.79	-0.03 -0.25%	$11.98	$12.49	-5.61%	87,805 146.34%	60,000
Most Recent Note for MBTF - 10/16/2018 12:46:34 PM Perched near its 52-week high following a big volume-driven gain on M&A news. Reported earnings +31% on +7% sales revenues for the Jun '18 quarter. Prior comparisons showed lackluster sales revenues growth and earnings increases below the +25% minimum guideline (C criteria) making it not a match with the fact-based investment system's fundamental guidelines.
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PGR - NYSE - INSURANCE - Property & Casualty Insurance Progressive Corp Ohio	$69.21	+2.97 4.48%	$70.18	$72.02	-3.90%	2,891,251 98.11%	2,947,000
Most Recent Note for PGR - 10/16/2018 12:50:11 PM Found prompt support near its 50 DMA line ($67.88) after damaging volume-driven losses. Reported Sep '18 earnings +313% on +25% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SACH - AMEX - Finance-Mortgage REIT Sachem Capital Corp	$4.36	+0.11 2.49%	$4.36	$4.64	-6.12%	42,756 89.08%	48,000
Most Recent Note for SACH - 10/16/2018 12:56:24 PM Limited history for this REIT since its $5 IPO in Feb '17. Minuscule quarterly sales revenues in the $3 million area leave fundamental concerns.
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SEND - NYSE - INTERNET - Content Sendgrid Inc	$34.82	+3.89 12.58%	$35.03	$38.66	-9.93%	9,560,901 1,143.65%	836,000
Most Recent Note for SEND - 10/16/2018 1:00:38 PM Still faces some near-term resistance due to overhead supply up to the $$38 level. Rebounding above its 50 DMA line ($34.25) with today's gap up and big volume-driven gain helping its outlook to improve. It found support above its 200 DMA line ($28.46) after dropped from the Featured Stocks list on 10/10/18.
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SNFCA - NASDAQ - INSURANCE - Life Insurance Security Natl Finl Cl A	$5.68	-0.05 -0.87%	$5.69	$5.90	-3.73%	40,539 337.83%	12,000
Most Recent Note for SNFCA - 10/16/2018 1:02:29 PM Hovering near its 52-week high but it faces additional resistance due to overhead supply. Erratic sales revenues and earnings history is not a match with the fact-based investment system's fundamental guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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TDY - NYSE - DIVERSIFIED SERVICES - Technical Services Teledyne Tech Inc	$226.77	+5.82 2.63%	$227.01	$250.87	-9.61%	131,483 94.59%	139,000
Most Recent Note for TDY - 10/16/2018 1:05:06 PM Slumped below its 50 DMA line ($237) with volume-driven losses last week while retreating from its all-time high. Earnings increases were above the +25% minimum guideline in the 5 latest quarterly comparisons through Jun '18. Fundamental concerns remain. Annual earnings (A criteria) history has not been strong and steady.
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$268.99	+8.74 3.36%	$271.50	$272.07	-1.13%	2,788,424 108.41%	2,572,000
Most Recent Note for UNH - 10/16/2018 1:09:07 PM It has not formed a sound base, yet gapped up today rebounding above its 50 DMA line ($264) and challenging its all-time high. Reported earnings +28% on +12% sales revenues for the quarter ended Sep 30, 2018 versus the year ago period. That marked the 3rd consecutive comparison above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and steady.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$73.14	+0.84 1.16%	$74.08	$73.47	-0.45%	372,448 74.79%	498,000
Most Recent Note for WING - 10/16/2018 1:11:22 PM Hitting another new all-time high with today's 3rd consecutive volume-driven gain. Showed bullish action since noted in the 8/06/18 mid-day report -- "Reported earnings +35% on +17% sales revenues for the Jun '18 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history is a concern and it completed Secondary Offerings on 8/09/16 and 3/08/16 after its $17 IPO on 6/12/15."
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