Mid-Day Breakouts Report - Tuesday, October 23rd, 2018

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 23RD, 2018
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DOW 24942 -375.41 (-1.48%) | NASDAQ 7347.9 -120.73 (-1.62%) | S&P 500 2701.5 -54.38 (-1.97%)

Time of Screening : 10/23/2018 12:16:48 PM Report Released : 10/23/2018 1:37:07 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
AJG - NYSE - INSURANCE - Insurance Brokers Gallagher Arthur J & Co	$71.31	-1.41 -1.94%	$71.87	$76.49	-6.77%	498,087 71.77%	694,000
Most Recent Note for AJG - 10/23/2018 12:19:53 PM Quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria). Insurance firm's annual earnings (A criteria) history has been steady.
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ASRV - NASDAQ - BANKING - Regional - Northeast Banks Ameriserv Financial Inc	$4.29	+0.01 0.14%	$4.31	$4.55	-5.81%	23,229 101.00%	23,000
Most Recent Note for ASRV - 10/23/2018 12:18:09 PM Sputtering below its 50 DMA line since last noted with caution in the 10/16/18 mid-day report - "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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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$11.12	+1.43 14.76%	$11.25	$11.48	-3.14%	354,240 169.49%	209,000
Most Recent Note for AUDC - 10/23/2018 12:22:54 PM This Israel-based Telecom firm gapped up today challenging prior highs with an impressive volume-driven gain. Reported earnings +90% on +14% sales revenues for the Sep '18 quarter, its 7th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Sales revenues growth rate improved in recent quarters, an encouraging sign.
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BFAM - NASDAQ - DIVERSIFIED SERVICES - Personal Services Bright Horizns Fam Solns	$111.98	-2.19 -1.92%	$113.11	$120.07	-6.74%	126,887 66.43%	191,000
Most Recent Note for BFAM - 10/23/2018 12:24:30 PM Sputtering below its 50 DMA line. The 8/03/18 mid-day report last cautioned members - "Reported earnings +18% on +10% sales revenues for the quarter ended June 30, 2018 versus the year ago period. Priced another Secondary Offering on 3/27/18. Has a new CEO as of 1/01/18. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Completed Secondary Offerings on 11/19/15, 8/11/15, 5/29/15, 12/11/14, 3/26/14 and 6/12/13."
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BRO - NYSE - INSURANCE - Insurance Brokers Brown & Brown Inc	$27.91	-1.22 -4.19%	$28.69	$31.55	-11.54%	764,535 73.87%	1,035,000
Most Recent Note for BRO - 10/23/2018 12:28:10 PM Gapped down today again testing support near its 200 DMA line ($27.85). Reported earnings +15% on +12% sales revenues for the Sep '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	$64.15	-0.28 -0.43%	$65.00	$65.00	-1.31%	37,842 97.03%	39,000
Most Recent Note for BSTC - 10/23/2018 12:35:40 PM Perched at its 52-week high following gains 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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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$130.79	-10.52 -7.44%	$134.53	$148.24	-11.77%	2,351,682 193.71%	1,214,000
Most Recent Note for CNC - 10/23/2018 12:44:35 PM Gapped down today retreating further below its 50 DMA line and undercutting prior lows. Reported earnings +33% on +36% sales revenues for the Sep '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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COLM - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Clothing Columbia Sportswear Co	$86.92	-0.31 -0.36%	$87.86	$95.58	-9.06%	184,444 78.15%	236,000
Most Recent Note for COLM - 10/23/2018 12:46:52 PM Consolidating near its 200 DMA line. Last noted with caution in the 8/15/18 mid-day report - "Reported Jun '18 quarterly earnings of 16 cents per share versus a loss of 13 cents per share on +21% sales revenues over the year ago period. Fundamental concerns remain, as this Portland, OR based Apparel - Clothing Mfg firm's prior quarterly earnings increases were below the +25% minimum guideline (C criteria) and sales revenues growth rate is not a match with the fact-based investment system's guidelines."
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CP - NYSE - TRANSPORTATION - Railroads Canadian Pacific Railway	$197.50	-5.08 -2.51%	$199.46	$224.19	-11.91%	478,166 76.51%	625,000
Most Recent Note for CP - 10/23/2018 12:47:29 PM Slumped below its 50 DMA line with recent volume-driven losses. Reported earnings +42% on +19% sales for the Sep '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and sales revenues growth was sub par. Annual earnings (A criteria) growth has been steady.
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DNKN - NASDAQ - LEISURE - Restaurants Dunkin' Brands Group Inc	$71.63	-0.85 -1.17%	$72.24	$77.13	-7.13%	518,111 76.64%	676,000
Most Recent Note for DNKN - 10/23/2018 12:52:00 PM Sputtering below its 50 DMA line ($73.16) but still perched near its all-time high. Due to report earnings news before the open on 10/25/18. Volume and volatility often increase near earnings news. Noted with caution in the 9/04/18 mid-day report - "Reported earnings +31% on +5% sales revenues for the Jun '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with ongoing sub par sales revenues growth also a fundamental concern.
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ESSA - NASDAQ - Finance-Savings & Loan Essa Bancorp Inc	$16.19	-0.02 -0.12%	$16.21	$16.80	-3.63%	8,051 80.51%	10,000
Most Recent Note for ESSA - 10/23/2018 12:58:01 PM Quietly hovering within striking distance of its 52-week and all-time highs. Recent quarterly comparisons through Jun '18 showed encouraging sales revenues acceleration, and 3 of the past 4 earnings increases were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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HRS - NYSE - TELECOMMUNICATIONS - Communication Equipment Harris Corp	$169.21	-2.49 -1.45%	$172.87	$175.50	-3.59%	574,229 72.50%	792,000
Most Recent Note for HRS - 10/23/2018 12:59:05 PM Perched near its 52-week high following M&A news. Noted in prior mid-day reports - "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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IQV - NYSE - Medical-Research Eqp/Svc Iqvia Holdings Inc	$118.83	-7.63 -6.03%	$124.47	$135.48	-12.29%	1,188,548 110.05%	1,080,000
Most Recent Note for IQV - 10/23/2018 1:03:16 PM Slumping further below its 50 DMA line ($126) and undercutting prior lows, it gapped down today following a noted "negative reversal" at its 52-week high on the prior session as the mid-day report cautioned members - "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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IR - NYSE - MANUFACTURING - Diversified Machinery Ingersoll-Rand Co Cl A	$90.28	-2.72 -2.92%	$91.61	$105.76	-14.64%	1,280,638 80.59%	1,589,000
Most Recent Note for IR - 10/23/2018 1:06:02 PM Enduring more damaging distributional pressure this week and violating its 200 DMA line. Noted with caution near its high in the 9/19/18 mid-day report - "Reported Jun '18 quarterly earnings +24% on +11% sales revenues. Prior quarterly earnings were below the +25% minimum guideline (C criteria) while sales revenues growth showed encouraging acceleration."
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KMG - NYSE - ENERGY - Independent Oil & Gas K M G Chemicals Inc	$74.01	-0.23 -0.31%	$74.15	$79.35	-6.73%	248,824 75.40%	330,000
Most Recent Note for KMG - 10/23/2018 1:06:59 PM Gapped up on M&A news 8/15/18 and it has been hovering near its all-time high. Completed a new Public Offering on 10/20/17. Reported Jul '18 quarterly earnings +83% on +27% sales revenues, marking the 7th consecutive quarter with an earnings increase meeting the fact-based investment system's +25% minimum guideline (C criteria). Prior downturn in FY '13 and '14 earnings is a flaw concerning the A criteria.
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$75.51	-4.81 -5.99%	$77.35	$88.08	-14.27%	2,148,008 86.61%	2,480,000
Most Recent Note for NTAP - 10/23/2018 1:09:12 PM Slumping near its 200 DMA line ($72.48). Reported earnings +73% on +12% sales revenues for the Jul '18 quarter. Wedged higher then endured distributional pressure since last noted with caution in the 8/16/18 mid-day report - "Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down."
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NXST - NASDAQ - MEDIA - Broadcasting - TV Nexstar Broadcasting Grp	$76.99	-2.40 -3.02%	$78.29	$89.75	-14.22%	354,109 87.43%	405,000
Most Recent Note for NXST - 10/23/2018 1:15:12 PM Recent quarterly comparisons through Jun '18 showed strong earnings increases above the +25% minimum guideline (C criteria) versus the year ago periods, however, sequential comparisons showed worrisome deceleration in its sales revenues growth. Consolidating above its 200 DMA line. Completed Secondary Offerings on 11/29/12 and 2/08/13.
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PLAY - NASDAQ - Retail-Restaurants Dave & Buster's Ent Inc	$57.32	-1.03 -1.77%	$58.26	$67.05	-14.51%	777,459 84.60%	919,000
Most Recent Note for PLAY - 10/23/2018 1:17:38 PM Fundamentals are not a match with the fact-based investment system, although earnings improved +42% in the Jul '18 quarter on +14% sales revenues. Longtime readers may recall that it was dropped from the Featured Stocks list on 7/28/17 after slumping below its 50-day moving average (DMA) line triggering technical sell signals.
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PRAH - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc PRA Health Sciences, Inc	$97.37	-2.78 -2.78%	$99.91	$112.88	-13.74%	327,192 71.60%	457,000
Most Recent Note for PRAH - 10/23/2018 1:19:23 PM Sputtering below is 50 DMA line in recent weeks. Wedged higher after last noted with caution in the 8/07/18 mid-day report - "Reported earnings +27% on +35% sales revenues for the Jun '18 quarter, its 5th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). It completed yet another Secondary Offering on 8/09/17, and prior Secondary Offerings on 3/04/16, 5/04/16, and 11/15/16."
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ROLL - NASDAQ - MANUFACTURING - Machine Tools &; Accessories R B C Bearings Inc	$146.11	-0.54 -0.37%	$149.35	$158.18	-7.63%	63,951 69.51%	92,000
Most Recent Note for ROLL - 10/23/2018 1:21:21 PM Rebounding near its 50 DMA line ($148) which may act as resistance after damaging volume-driven losses. Fundamental concerns remain and prior mid-day reports cautioned members - "Prior sales and earnings history has been below the guidelines of the fact-based investment system."
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SKM - NYSE - TELECOMMUNICATIONS - Telecom Services - Foreign S K Telecom Co Ltd Ads	$27.33	-0.26 -0.94%	$27.46	$28.97	-5.66%	334,211 70.96%	471,000
Most Recent Note for SKM - 10/23/2018 1:22:57 PM Perched within striking distance of its 52-week high today following 5 consecutive gains with ever-increasing volume. 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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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$218.02	-7.75 -3.43%	$221.86	$249.95	-12.77%	1,173,194 90.87%	1,291,000
Most Recent Note for TMO - 10/23/2018 1:24:28 PM Suffering more damaging volume-driven losses and testing its 200 DMA line ($219.43) with today's 5th consecutive loss. Noted with caution at its all-time high in the 10/01/18 mid-day report - "Reported earnings +20% on +22% sales revenues for the Jun '18 quarter. Quarterly comparisons had earnings growth below the +25% minimum guideline (C criteria). Sales and earnings history are below guidelines of the fact-based investment system."
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UAL - NYSE - TRANSPORTATION - Major Airlines United Continental Hldgs	$84.80	-3.82 -4.31%	$87.61	$91.39	-7.22%	2,157,231 67.97%	3,174,000
Most Recent Note for UAL - 10/23/2018 1:26:03 PM Consolidating near its 50 DMA line ($86.23). Prior mid-day reports repeatedly noted - "Reported earnings +36% on +11% sales revenues for the Sep '18 quarter. Sub par sales revenues growth with erratic quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$260.05	-2.14 -0.82%	$261.93	$272.81	-4.68%	1,919,757 68.66%	2,796,000
Most Recent Note for UNH - 10/23/2018 1:29:39 PM Sputtering below its 50 DMA line ($265) with today's 5th consecutive loss. Hit a new all-time high with a considerable volume-driven gain when last noted in the 10/16/18 mid-day report - "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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WDFC - NASDAQ - CHEMICALS - Specialty Chemicals W D 40 Co	$158.84	-7.37 -4.43%	$165.50	$184.25	-13.79%	40,107 65.75%	61,000
Most Recent Note for WDFC - 10/23/2018 1:31:31 PM Endured distributional pressure in recent weeks and slumped well below its 50 DMA line ($169) which may act as resistance while trying to rebound. Halted its slide well above its 200 DMA line ($145). Reported earnings +52% on +6% sales revenues for the Aug '18 quarter but fundamental concerns remain. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria).
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$68.48	-1.69 -2.40%	$69.89	$75.58	-9.40%	375,886 74.43%	505,000
Most Recent Note for WING - 10/23/2018 1:35:32 PM There was a "negative reversal" at its all-time high and today's 5th consecutive volume-driven loss has it nearly testing the 50 DMA line ($67.27). Prior mid-day reports noted - "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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WST - NYSE - Medical-Supplies West Pharmaceutical Svcs	$110.78	-3.05 -2.68%	$112.97	$125.09	-11.44%	242,577 76.28%	318,000
Most Recent Note for WST - 10/23/2018 1:37:00 PM Sputtering below its 50 DMA line. Reported earnings +32% on +13% sales revenues for the Jun '18 quarter but fundamental concerns remain. Last noted in the 9/21/16 mid-day report - "Sales revenues and earnings increases in prior quarterly comparisons were not a good match with the fact-based investment system's guidelines (C criteria)."
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