Mid-Day Breakouts Report - Wednesday, December 18th, 2019

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, DECEMBER 18TH, 2019
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DOW 28272.77 5.61 (0.02%) | NASDAQ 8845.11 21.75 (0.25%) | S&P 500 3194.5 1.98 (0.06%)

Time of Screening : 12/18/2019 12:15:50 PM Report Released : 12/18/2019 1:01:17 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
CNXN - NASDAQ - WHOLESALE - Electronics Wholesale P C Connection Inc	$48.53	+1.44 3.06%	$48.68	$51.89	-6.48%	63,877 71.77%	89,000
Most Recent Note for CNXN - 12/18/2019 12:20:36 PM Tested support at its 50 DMA line ($46.45) as it endured distributional pressure, and rebounding toward its 52-week high with today's big gain. Reported earnings +78% on +11% sales revenues for the Sep '19 quarter. Fundamental concerns remain and it was noted with caution in prior mid-day reports - "Sales revenues growth and earnings (C and A criteria) track record is not a match with the fact-based investment system's guidelines."
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CTAS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cintas Corp	$272.32	+11.56 4.43%	$274.75	$277.85	-1.99%	715,942 130.65%	548,000
Most Recent Note for CTAS - 12/18/2019 12:23:34 PM Gapped up today rebounding above its 50 DMA line ($262) and challenging its all-time high. Reported earnings +29% on +7% sales revenues for the Nov '19 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings (C criteria) guideline. Annual earnings (A criteria) have been strong and steady. Fundamental concerns remain due to sub par sales revenues growth, not indicative of a new product or service that is in great demand.
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DCO - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Ducommun Inc	$50.31	+0.28 0.56%	$50.31	$53.41	-5.80%	61,308 77.61%	79,000
Most Recent Note for DCO - 12/18/2019 12:28:12 PM There was a "negative reversal" noted as it hit a new 52-week high on 12/16/19. Prior mid-day reports cautioned members - "Erratic quarterly earnings and its up and down annual earnings history leave fundamental concerns (C and A criteria)."
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FLT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Fleetcor Technologies	$298.75	-4.87 -1.60%	$304.97	$315.75	-5.38%	1,161,743 240.53%	483,000
Most Recent Note for FLT - 12/18/2019 12:29:50 PM Enduring distributional pressure and testing its 50 DMA line ($297) while still perched near its all-time high. Reported earnings +16% on +10% sales revenues for the Sep '19 quarter, its 5th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA then rebounded and rose into new high territory since dropped from the Featured Stocks list on 10/19/18.
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FUNC - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First United Corp	$24.20	+0.20 0.83%	$24.30	$24.80	-2.42%	17,979 78.17%	23,000
Most Recent Note for FUNC - 12/18/2019 12:30:26 PM Reported earnings +62% on +15% sales revenues for the Sep '19 quarter. Fundamental concerns remain. Went through a deep consolidation and rebounded since noted with caution in the 6/21/18 mid-day report - "Reported great earnings increases for the Dec '17 and Mar '18 quarter. Prior quarterly and annual earnings and its sub par sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$41.65	-1.78 -4.10%	$43.31	$44.20	-5.77%	1,204,979 91.01%	1,324,000
Most Recent Note for JBL - 12/18/2019 12:31:46 PM Abruptly retreating today after spiking to new multi-year highs on the prior session. Fundamental concerns remain as the prior mid-day report cautioned members - "Reported earnings +17% on +15% sales revenues for the Nov '19 quarter. Quarterly and annual earnings (C and A criteria) history is below the fact-based system's guidelines."
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LDOS - NYSE - Comml Svcs-Consulting Leidos Holdings Inc	$95.12	+3.59 3.92%	$96.10	$92.50	2.83%	657,639 65.11%	1,010,000
Most Recent Note for LDOS - 12/18/2019 12:33:10 PM Gapped up today hitting a new all-time high with a big volume-driven gain. Reported earnings +19% on +10% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
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LGL - AMEX - CONGLOMERATES - Conglomerates L G L Group Inc	$15.39	-0.35 -2.19%	$15.85	$15.86	-2.99%	14,329 65.13%	22,000
Most Recent Note for LGL - 12/18/2019 12:34:32 PM This thinly-traded maker of frequency/spectrum control products is perched at its all-time high, very extended from any sound base. Posted impressive volume-driven gains in recent weeks. Recent quarterly comparisons through Sep '19 showed great earnings increases with sales revenues growth rate accelerating. Annual earnings (A criteria) turned positive in FY'16 after years of losses. Quarterly sales revenues have been in the $6-8 million range, still rather minuscule for a publicly traded firm.
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LITE - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Lumentum Holdings Inc	$75.49	-0.17 -0.22%	$75.71	$77.17	-2.18%	957,465 68.20%	1,404,000
Most Recent Note for LITE - 12/18/2019 12:35:58 PM Quietly perched at its all-time high. Fundamental concerns were repeatedly noted in prior mid-day reports - "Reported earnings +9% on +27% sales revenues for the Sep '19 quarter. Prior quarterly comparisons had sub par earnings below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong and steady. Since dropped from the Featured Stocks list on 8/10/17 it went through long, deep and choppy consolidations."
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MCB - NYSE - Banks-Northeast Meteropolitan Bank Hldg	$47.74	-0.24 -0.50%	$48.09	$48.76	-2.09%	23,986 119.93%	20,000
Most Recent Note for MCB - 12/18/2019 12:36:58 PM Reported earnings +6% on +60% sales revenues for the Sep '19 quarter. Prior quarterly comparisons have not shown strong earnings growth above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $35 IPO on November 8, 2017.
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MLHR - NASDAQ - CONSUMER DURABLES - Business Equipment Miller Herman Inc	$48.93	+1.47 3.10%	$49.35	$49.40	-0.95%	405,919 122.63%	331,000
Most Recent Note for MLHR - 12/18/2019 12:40:20 PM Challenging its all-time high with today's 3rd consecutive volume-driven gain. Due to report earnings news. Volume and volatility often increase near earnings news. Prior mid-day reports noted - "Reported earnings +22% on +7% sales revenues for the Aug '19 quarter versus the year ago period. Prior quarterly reports had earnings increases above the +25% minimum guideline (C criteria), however, sales revenues growth has been below the guidelines of the fact-based investment system and not indicative of a hot new product or service (N criteria). Quarterly sales should be up +25% or more or accelerating over prior quarters."
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NEO - NASDAQ - Medical-Services NeoGenomics Inc	$28.31	+1.63 6.11%	$28.32	$27.23	3.97%	597,920 100.15%	597,000
Most Recent Note for NEO - 12/18/2019 12:44:33 PM Hitting a new 52-week high today. Reported earnings +40% on +50% sales revenues for the Sep '19 quarter. Completed a new Pubic Offering on 5/21/19. Went through a deep consolidation since the 7/3019 mid-day report last cautioned members - "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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NTRS - NASDAQ - BANKING - Regional - Midwest Banks Northern Trust Corp	$107.80	-0.96 -0.88%	$109.21	$110.48	-2.43%	898,122 91.55%	981,000
Most Recent Note for NTRS - 12/18/2019 12:45:54 PM Quarterly earnings (C criteria) history through Sep '19 is not a match with the fact-based investment system's guidelines. Survived but failed to impress since last noted with caution in the 7/19/17 mid-day report.
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PNFP - NASDAQ - BANKING - Regional - Southeast Banks Pinnacle Financial Prtnr	$64.06	-0.24 -0.37%	$64.59	$64.98	-1.42%	236,179 66.53%	355,000
Most Recent Note for PNFP - 12/18/2019 12:47:58 PM Quarterly earnings increases through Sep '19 have been below the +25% minimum guideline (C criteria). Completed a new Public Offering on 1/23/17. It was dropped from the Featured Stocks list on 1/29/16.
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RNG - NYSE - Computer Sftwr-Enterprse RingCentral Inc Cl A	$166.77	+1.01 0.61%	$167.65	$177.99	-6.31%	1,145,150 97.71%	1,172,000
Most Recent Note for RNG - 12/18/2019 12:50:36 PM Consolidating in an orderly fashion near its 50 DMA line ($166) and perched within striking distance of its all-time high. Last noted with caution in the 11/05/19 mid-day report - "Earnings increases were below the +25% minimum guideline in the Mar, Jun, and Sep '19 quarters versus the year ago periods although sales revenues growth remained strong. Annual earnings growth has been strong since turning a profitable FY '16 after shrinking losses in prior years."
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SCS - NYSE - CONSUMER DURABLES - Business Equipment Steelcase Inc	$22.48	+3.40 17.80%	$23.02	$19.65	14.38%	4,642,410 740.42%	627,000
Most Recent Note for SCS - 12/18/2019 12:52:21 PM Gapped up today hitting new 52-week and multi-year highs. Reported earnings +28% on +6% sales revenues for the Nov '19 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is below the fact-based system's guidelines.
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SKYW - NASDAQ - TRANSPORTATION - Regional Airlines Skywest Inc	$64.48	+0.05 0.07%	$64.84	$64.67	-0.30%	129,532 65.09%	199,000
Most Recent Note for SKYW - 12/18/2019 12:53:54 PM Reported earnings +14% on -8% sales revenues for the Sep '19 quarter versus the year ago period. Last noted with caution in the 9/28/18 mid-day report - "Sub par sales revenues and earnings history in quarterly comparisons and its up and down annual earnings history make it not a match with the guidelines (C and A criteria) of the fact-based investment system."
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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$5.44	-0.04 -0.73%	$5.52	$5.83	-6.69%	1,138,170 92.68%	1,228,000
Most Recent Note for SVM - 12/18/2019 12:54:42 PM Churning above average volume and making no price progress since a noted "negative reversal" on 12/12/19 after hitting another new 52-week high. Very extended from prior highs in the $4.66 area after volume-driven gains in recent weeks. Prior mid-day reports repeatedly noted - "Fundamental concerns remain."
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TTC - NYSE - MANUFACTURING - Small Tools & Accessories Toro Co	$74.67	-6.22 -7.69%	$78.00	$81.81	-8.73%	1,034,768 333.80%	310,000
Most Recent Note for TTC - 12/18/2019 12:56:24 PM Gapped down today and violated its 50 DMA line with a big loss on heavy volume. Reported Oct '19 earnings +50% on +36% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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VBTX - NASDAQ - BANKING - Regional - Southwest Banks Veritex Holdings, Inc	$29.00	+0.09 0.29%	$29.02	$28.96	0.12%	235,327 67.82%	347,000
Most Recent Note for VBTX - 12/18/2019 12:58:40 PM Reported earnings +26% on +158% sales revenues for the Sep '19 quarter. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain due to its up and down annual earnings (A criteria) history. It was dropped from the Featured Stocks list on 4/12/17.
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YETI - NYSE - Leisure-Products Yeti Holdings Inc	$34.50	+1.23 3.70%	$34.70	$38.11	-9.47%	953,593 69.71%	1,368,000
Most Recent Note for YETI - 12/18/2019 1:01:07 PM Limited history is a concern. Completed Secondary Offerings on 11/08/19 and 5/08/19 after its $18 IPO on 10/25/18. It has been rebounding toward its all-time high after finding support at its 200 DMA line in recent months. Reported earnings +25% on +17% sales revenues for the Sep '19 quarter. The Jun '19 quarter had an +18% earnings increase, below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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