Mid-Day Breakouts Report - Monday, October 30th, 2017

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 30TH, 2017
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DOW 23341.47 -92.72 (-0.40%) | NASDAQ 6689.37 -11.89 (-0.18%) | S&P 500 2572.61 -8.46 (-0.33%)

Time of Screening : 10/30/2017 12:16:59 PM Report Released : 10/30/2017 2:04:16 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
ANET - NYSE Arista Networks, Inc	$196.18	+0.53 0.27%	$200.82	519,180 87.85% of 50 DAV 50 DAV is 591,000	$196.68 -0.25%	10/27/2017	$195.65	PP = $196.37 MB = $206.19
Most Recent Note - 10/30/2017 12:50:35 PM Y - Gapped up and hit another new high today then erased the gain and dipped into the red. Gains have recently lacked great volume conviction after it formed an advanced "3-weeks tight" base. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($184) defines near-term support to watch on pullbacks. Fundamentals remain very strong. Due to report earnings for the Sep '17 quarter after U.S. markets close on Thursday, November 2nd. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 10/16/2017. Click here.
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AVGO - NASDAQ Broadcom Inc	$261.19	+8.29 3.28%	$262.20	2,604,892 98.26% of 50 DAV 50 DAV is 2,650,900	$259.36 0.71%	10/30/2017	$261.19	PP = $259.46 MB = $272.43
Most Recent Note - 10/30/2017 12:59:39 PM Y - Powering to new 52-week and all-time highs with today's 2nd consecutive volume-driven gain. Color code is changed to yellow with new pivot point cited based on its 8/24/17 high plus 10 cents. A gain above the pivot point backed by at least +40% above average volume is needed to trigger a proper new (or add-on) technical buy signal. Prior session's gain above its 50 DMA line ($246) helped its outlook improve, however its current Relative Strength rating of 78 remains below the 80+ minimum guideline for buy candidates. Subsequent losses below the recent low ($231.53 on 9/25/17) would raise serious concerns and trigger a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 10/17/2017. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$167.03	+3.98 2.44%	$168.07	$164.94	1.27%	28,649,548 105.84%	27,068,000
Most Recent Note for AAPL - 10/30/2017 12:43:12 PM Rallying to new all-time highs with big volume-driven gains. Rebounded from a slump below its 50 DMA line, and it was last noted with caution in the 9/22/17 mid-day report - "Reported earnings +18% on +7% sales for the Jun '17 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based system. Companies currently on the 'Featured Stocks' list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$236.00	+0.06 0.03%	$243.27	$239.83	-1.60%	743,806 77.64%	958,000
Most Recent Note for ALGN - 10/30/2017 12:43:52 PM Gapped up on the prior session hitting a new all-time high. Reported +60% earnings on +38% sales revenues for the Sep '17 quarter, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and growth rate acceleration. Annual earnings (A criteria) had a downturn in FY '15 raising fundamental concerns.
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ALSN - NYSE - Auto/Truck-Original Eqp Allison Transmission Hld	$43.52	+0.58 1.35%	$43.54	$43.15	0.86%	1,494,145 81.29%	1,838,000
Most Recent Note for ALSN - 10/30/2017 12:47:12 PM Hitting new all-time highs with today's 9th consecutive gain. Prior quarterly and annual earnings history has not been strong and steady, failing to meet the fact-based investment system's fundamental guidelines.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$177.64	-1.29 -0.72%	$178.84	$179.28	-0.91%	1,063,397 129.52%	821,000
Most Recent Note for ASML - 10/30/2017 12:52:06 PM Perched at its all-time high. The 10/23/17 mid-day report noted - "Held its ground following an impressive streak of gains. Reported Sep '17 earnings +48% on +42% sales revenues, its 5th consecutive strong quarterly comparison versus the the year ago period(s). Prior highs in the $155 area define initial support to watch on pullbacks. Its annual earnings (A criteria) growth has not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."
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BIDU - NASDAQ - INTERNET - Internet Information Providers Baidu Inc Ads	$237.36	-2.01 -0.84%	$244.55	$274.97	-13.68%	2,167,678 80.40%	2,696,000
Most Recent Note for BIDU - 10/30/2017 1:04:05 PM Reported improved sales and earnings increases in the Jun and Sep '17 quarters but fundamental concerns remain. Gapped down on the prior session, and it is slumping well below its 50 DMA line today with another volume-driven loss. Went through a long and deep consolidation and rebounded to hit new highs since dropped from the Featured Stocks list on 1/16/15
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CACC - NASDAQ - FINANCIAL SERVICES - Credit Services Credit Acceptance Corp	$293.06	-5.94 -1.99%	$299.92	$299.77	-2.24%	292,091 160.49%	182,000
Most Recent Note for CACC - 10/30/2017 1:07:02 PM Pulling back from a new 52-week high today following 3 consecutive volume-driven gains. Due to report Sep '17 quarterly results after the session's close. Reported earnings +19% on +16% sales revenues for the quarter ended June 30, 2017 versus the year ago period. Prior quarterly comparisons were not strong and steady above the investment system's +25% minimum earnings guideline (C criteria).
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CGNX - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Cognex Corp	$123.01	-2.39 -1.91%	$126.00	$125.59	-2.06%	439,835 75.31%	584,000
Most Recent Note for CGNX - 10/30/2017 1:10:42 PM Made gradual progress since last noted in the 8/02/17 mid-day report with caution. Due to report earnings for the Sep '17 quarter after the session's close. The 8/02/17 mid-day report last cautioned members - "Reported earnings +19% on +17% sales revenues for the Jun '17 quarter, below the +25% minimum (C criteria) earnings guideline of the fact-based investment system."
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CIFS - NASDAQ - Finance-Investment Mgmt China Internet Nationwide Financial Services Inc	$41.05	+0.91 2.26%	$41.98	$41.88	-1.99%	349,819 193.27%	181,000
Most Recent Note for CIFS - 10/30/2017 1:11:22 PM Spiking to new highs with a 9th consecutive volume-driven gain, very extended from any sound base. Prior mid-day reports cautioned members - "Limited earnings history for this China-based Financial firm is a fundamental concern (A criteria)."
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DAIO - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Data I O Corp	$12.22	+0.24 2.00%	$12.74	$12.14	0.66%	444,638 411.70%	108,000
Most Recent Note for DAIO - 10/30/2017 1:19:06 PM Hitting new 52-week and all-time highs with today's gain following a considerable gap up and volume-driven gain on the prior session. Recent quarterly comparisons through Sep '17 showed strong sales revenues and earnings increases versus the year ago periods. Its annual earnings (A criteria) history has not been strong and steady, failing to meet the fact-based investment system's fundamental guidelines.
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$178.95	+1.07 0.60%	$180.69	$178.21	0.41%	15,236,738 108.63%	14,026,000
Most Recent Note for FB - 10/30/2017 1:25:53 PM Hitting a new all-time high today with a 2nd consecutive volume-driven gain. Due to report Sep '17 earnings after the close on Wednesday, November 1st. Reported earnings +69% on +45% sales revenues for the Jun '17 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). It is also heavily owned by 3,823 top-rated mutual funds. That can be problematic in cases where sentiment shifts due to news events. Stocks with a small supply just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal.
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HLG - NASDAQ - Consumer Svcs-Education Hailiang Educatkion Group Inc Ads	$24.80	+0.12 0.49%	$26.68	$25.01	-0.84%	51,705 178.29%	29,000
Most Recent Note for HLG - 10/30/2017 1:26:42 PM Hitting new all-time highs with today's 5th consecutive gain. Prior quarterly and annual earnings history has not been strong and steady, failing to meet the fact-based investment system's fundamental guidelines .
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INTC - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Intel Corp	$44.68	+0.28 0.63%	$45.19	$45.00	-0.71%	21,934,743 94.60%	23,186,000
Most Recent Note for INTC - 10/30/2017 1:28:45 PM Gapped up on the prior session hitting a new 52-week high. Reported earnings +26% on +2% sales revenues for the quarter ended Sep 30, 2017 versus the year ago period. Last noted with caution in the 4/18/12 mid-day report - "Quarterly and annual earnings history is not a match with the fact-based investment system's guidelines."
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KMG - NYSE - ENERGY - Independent Oil & Gas K M G Chemicals Inc	$55.50	+0.36 0.65%	$55.65	$61.10	-9.17%	94,863 82.49%	115,000
Most Recent Note for KMG - 10/30/2017 1:40:06 PM Consolidating after completing a new Public Offering on 10/20/17, it abruptly retreated after challenging its all-time high. Prior mid-day reports cautioned members - "Little resistance remains due to overhead supply. Reported Jul '17 quarterly earnings +82% on +28% sales revenues, marking the 3rd 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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LPLA - NASDAQ - Finance-Invest Bnk/Bkrs L P L Financial Holdings	$49.34	-0.54 -1.08%	$49.75	$53.92	-8.49%	577,208 89.49%	645,000
Most Recent Note for LPLA - 10/30/2017 1:43:33 PM Enduring distributional pressure, slumping near its 50 DMA line $49.60). Reported earnings +57% on +5% sales revenues for the quarter ended Sep 30, 2017 versus the year ago period. Prior quarters also had sub par sales revenues growth and were not strong and steady above the +25% minimum earnings guideline (C criteria).
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MA - NYSE - Finance-CrdtCard/PmtPr Mastercard Inc Cl A	$149.29	+0.77 0.52%	$151.48	$148.52	0.52%	2,549,006 79.71%	3,198,000
Most Recent Note for MA - 10/30/2017 1:44:36 PM Hitting another new all-time high with today's 7th consecutive gain. Prior mid-day reports cautioned members - "Fundamental concerns remain. Reported earnings +15% on +13% sales revenues for the Jun '17 quarter. Prior earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria)."
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MHO - NYSE - MATERIALS & CONSTRUCTION - Residential Construction M I Homes Inc	$33.03	+1.20 3.75%	$33.49	$31.85	3.69%	786,994 332.06%	237,000
Most Recent Note for MHO - 10/30/2017 1:45:13 PM Powering to new multi-year highs today while on track for a 9th consecutive gain with ever-increasing volume. Reported +9% earnings on +8% sales revenues for the Sep '17 quarter. Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$48.65	+0.50 1.04%	$49.30	$50.10	-2.89%	238,886 87.18%	274,000
Most Recent Note for MTH - 10/30/2017 1:47:25 PM Perched near its 52-week high, and it made steady progress since finding support near its 200 DMA line in early September. Last noted with caution in the 4/24/13 mid-day report - "It may be an interesting turnaround story, but fundamental flaws make it not a match with the fact-based investment system's guidelines today. It survived but failed to impress since noted on 10/05/05 as it was dropped from our Featured Stocks list after having more than doubled since featured in earlier reports."
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NSP - NYSE - Comml Svcs-Outsourcing Insperity Inc	$95.20	-1.10 -1.14%	$96.60	$97.15	-2.01%	74,745 77.06%	97,000
Most Recent Note for NSP - 10/30/2017 1:51:03 PM Since dropped from the Featured Stocks list on 5/05/17 it went through a deep consolidation and rebounded, recently wedging to new highs with gains lacking volume conviction. Due to report Sep '17 earnings news prior to the open on Wednesday, November 1st. Reported earnings +37% on +12% sales revenues for the Jun '17 quarter, an improvement after Mar '17 earnings were below the +25% minimum guideline (C criteria), raising fundamental concerns.
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PCBK - NASDAQ - BANKING - Regional - Pacific Banks Pacific Continental Corp	$27.85	-0.40 -1.42%	$28.40	$28.85	-3.47%	84,989 94.43%	90,000
Most Recent Note for PCBK - 10/30/2017 1:54:14 PM Pulling back today after hitting new highs with the 2 prior volume-driven gains. Consolidated in a tight range since a big gap up on 1/10/17 for a new all-time high on M&A news with Columbia Banking System (COLB). Fundamental concerns remain. Earnings history (C criteria) is not a match with the fact-based investment system's guidelines.
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PLPM - NASDAQ - Finance-CrdtCard/PmtPr Planet Payment Inc	$4.47	+0.00 0.00%	$4.48	$4.64	-3.66%	783,971 109.19%	718,000
Most Recent Note for PLPM - 10/30/2017 1:55:32 PM Gapped up on the prior session following M&A news. Last noted in the 9/18/17 mid-day report - "Sales revenues and earnings growth history is not a match with the fact-based investment system's fundamental guidelines."
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SIVB - NASDAQ - BANKING - Regional - Pacific Banks S V B Financial Group	$221.50	+4.81 2.22%	$222.52	$223.82	-1.04%	370,282 93.98%	394,000
Most Recent Note for SIVB - 10/30/2017 1:59:05 PM Gapped up on the prior session hitting a new 52-week high, technically breaking out of a long flat base. Reported earnings +32% on +22% sales revenues for the Sep '17 quarter, marking its 3rd consecutive comparison above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's guidelines. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
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SMMF - NASDAQ - Banks-Southeast Summit Financial Group	$27.83	+0.18 0.65%	$28.16	$30.06	-7.42%	45,749 207.95%	22,000
Most Recent Note for SMMF - 10/30/2017 2:02:33 PM Perched within close striking distance of its 52-week high with today's 3rd consecutive gain on ever-increasing volume. Thinly traded Bank holding company has little resistance remaining due to overhead supply. Reported earnings +17% on +40% sales revenues for the Sep '17 quarter, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been improving steadily since 2011.
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SRCE - NASDAQ - BANKING - Regional - Midwest Banks First Source Corp	$51.97	-0.86 -1.62%	$52.52	$53.03	-2.01%	44,058 91.79%	48,000
Most Recent Note for SRCE - 10/30/2017 2:04:13 PM Pulling back from its all-time high with a gap down and volume-driven loss today. Fundamental concerns remain as when noted in the 12/20/13 mid-day report - "Sales revenues and earnings growth history has been erratic and below guidelines."
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