Mid-Day Breakouts Report - Monday, October 22nd, 2018

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 22ND, 2018
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DOW 25264.18 -180.16 (-0.71%) | NASDAQ 7464.05 15.02 (0.20%) | S&P 500 2758.72 -9.06 (-0.33%)

Time of Screening : 10/22/2018 12:28:24 PM Report Released : 10/22/2018 1:04:09 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	$29.92	-0.35 -1.14%	$30.37	$31.24	-4.24%	184,243 70.86%	260,000
Most Recent Note for AB - 10/22/2018 12:33:02 PM Found prompt support above its 200 DMA line ($28.29) and it is consolidating near its 50 DMA line ($30.18). Noted with caution in 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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BRO - NYSE - INSURANCE - Insurance Brokers Brown & Brown Inc	$29.27	+0.42 1.44%	$29.30	$31.55	-7.24%	658,506 66.45%	991,000
Most Recent Note for BRO - 10/22/2018 12:34:34 PM Found prompt support near its 200 DMA line. Last noted in the 7/25/18 mid-day report - "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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BSTC - NASDAQ - Medical-Biomed/Biotech Biospecifics Technologie	$63.50	+1.01 1.62%	$63.55	$65.00	-2.31%	30,249 81.75%	37,000
Most Recent Note for BSTC - 10/22/2018 12:35:24 PM Perched at its 52-week high with today's 3rd consecutive gain. Recent gains were marked by above average volume. Found support above its 50 DMA line while consolidating since noted with caution 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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IPG - NYSE - MEDIA - Advertising Agencies Interpublic Group Of Cos	$24.78	+0.13 0.53%	$25.10	$26.01	-4.73%	3,766,698 84.91%	4,436,000
Most Recent Note for IPG - 10/22/2018 12:37:56 PM Reported earnings +30% on +4% sales revenues for the Sep '18 quarter and fundamental concerns remain. Noted with caution in prior mid-day reports - "Prior quarterly sales revenues and earnings comparisons (C criteria) and its annual earnings (A criteria) history has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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IQV - NYSE - Medical-Research Eqp/Svc Iqvia Holdings Inc	$125.61	-1.28 -1.01%	$135.48	$132.24	-5.01%	1,258,925 121.75%	1,034,000
Most Recent Note for IQV - 10/22/2018 12:39:56 PM Today there was a "negative reversal" after hitting a new 52-week high and it slumped below its 50 DMA line ($126). Quarterly earnings increases through Sep '18 have not been strong and steady above the +25% minimum guideline (C criteria) and its sales revenues growth rate has been sub par. Completed Secondary Offerings on 5/26/17, 9/15/17, 11/29/17, 5/16/18 and 6/14/18. Its $40 IPO was in May 2013.
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JEC - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Jacobs Engineering Group	$76.67	+4.39 6.07%	$77.75	$78.32	-2.11%	992,984 98.41%	1,009,000
Most Recent Note for JEC - 10/22/2018 12:42:40 PM Found support near prior highs in the $72 area recently and it gapped up above its 50 DMA line today approaching its 52-week high. Three of the past 4 quarterly reports through Jun '18 showed solid earnings increases above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history has been below the fact-based investment system's guidelines.
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KWR - NYSE - CHEMICALS - Specialty Chemicals Quaker Chemical	$186.20	-2.31 -1.23%	$188.33	$204.49	-8.94%	38,712 67.92%	57,000
Most Recent Note for KWR - 10/22/2018 12:44:17 PM Sputtering below its 50 DMA line ($188.15) with today's loss. Pulled back from its 52-week high with losses backed by above average volume. Reported earnings +26% on +10% sales revenues for the Jun '18 quarter but fundamental concerns remain. Noted in prior mid-day reports with caution - "Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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MATX - NYSE - Transportation-Ship Matson Inc	$36.74	+0.65 1.80%	$36.74	$40.60	-9.51%	210,930 104.42%	202,000
Most Recent Note for MATX - 10/22/2018 12:48:03 PM Violated its 50 DMA line following volume-driven losses while retreating. Noted with caution while perched at its 52-week high in the 10/05/18 mid-day report - "Reported earnings +38% on +9% sales revenues for the Jun '18 quarter, but fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) have been erratic while sales revenues growth has been sub par, not indicative of a new product or service (N criteria) in great demand."
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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Merit Medical Systems	$62.42	-0.30 -0.48%	$63.35	$66.34	-5.91%	273,684 72.98%	375,000
Most Recent Note for MMSI - 10/22/2018 12:49:31 PM Consolidating near prior highs and above its 50 DMA line since a gap up on 10/02/18 hitting a new all-time high. Completed a new Public offering on 7/25/18. Prior mid-day reports cautioned members - "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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NOW - NYSE - Computer Sftwr-Enterprse Servicenow Inc	$180.16	+3.01 1.70%	$180.72	$206.30	-12.67%	1,401,033 70.79%	1,979,000
Most Recent Note for NOW - 10/22/2018 12:53:04 PM Still testing support at its 200 DMA line ($174). Dropped from the Featured Stocks list on 10/10/18 due to technical weakness, it now faces resistance due to overhead supply up to the $206 level. A rebound above the 50 DMA line ($190) is needed for its outlook to improve. Earnings news is due Wednesday after the market close. Volume and volatility often increase near earnings news.
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SKM - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign S K Telecom Co Ltd Ads	$27.60	+0.12 0.44%	$27.97	$28.97	-4.73%	432,168 93.34%	463,000
Most Recent Note for SKM - 10/22/2018 12:54:08 PM Perched within striking distance of its 52-week high with today's 5th consecutive gain. Fundamental concerns remain. This South Korean Telecom Services firm was noted with caution in prior mid-day reports - "Quarterly and annual earnings (C and A criteria) history is not a match with the investment system's guidelines."
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UDR - NYSE - REAL ESTATE - REIT - Residential U D R Inc	$38.99	-0.40 -1.02%	$39.38	$41.04	-5.00%	919,190 66.90%	1,374,000
Most Recent Note for UDR - 10/22/2018 12:54:47 PM Recently slumped below its 50 DMA line with damaging volume-driven losses. Sales revenues and earnings history for this REIT is not a match with the fact-based investment system's fundamental guidelines.
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UHS - NYSE - HEALTH SERVICES - Hospitals Universal Health Svcs B	$125.77	-0.02 -0.02%	$127.25	$132.64	-5.18%	452,589 75.31%	601,000
Most Recent Note for UHS - 10/22/2018 1:01:17 PM Reported earnings +27% on +3% sales revenues for the Jun '18 quarter, but prior quarters were below the +25% minimum guideline (C criteria).
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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$48.73	+0.04 0.08%	$49.01	$54.38	-10.39%	110,337 87.57%	126,000
Most Recent Note for WNS - 10/22/2018 1:04:03 PM India-based Commercial Services - Outsourcing firm has been consolidating near its 200 DMA line ($48.43). Sputtering since last noted with caution in the 7/19/18 mid-day report while violating its 50 DMA line - "Reported improved sales revenues and earnings increases in the Dec '17, Mar and Jun '18 quarters. Prior quarterly earnings were not strong and steady 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."
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