Mid-Day Breakouts Report - Thursday, January 3rd, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, JANUARY 3RD, 2019
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DOW 22901.09 -445.15 (-1.91%) | NASDAQ 6536.98 -128.96 (-1.93%) | S&P 500 2473.44 -36.59 (-1.46%)

Time of Screening : 1/3/2019 12:38:22 PM Report Released : 1/3/2019 12:53:55 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
AMGN - NASDAQ - DRUGS - Biotechnology Amgen Inc	$190.39	-1.51 -0.79%	$194.18	$210.19	-9.42%	1,589,580 50.75%	3,132,000
Most Recent Note for AMGN - 1/3/2019 12:39:46 PM Sputtering near its 200 DMA line. Reported earnings +13% on +2% sales revenues for the Sep '18 quarter, and prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria). It has a slow and steady annual earnings (A criteria) history. Not a match with the fact-based investment system's fundamental guidelines.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$237.26	-16.25 -6.41%	$246.54	$274.26	-13.49%	2,511,239 64.06%	3,920,000
Most Recent Note for AVGO - 1/3/2019 12:40:52 PM Abruptly pulling back near its 50 and 200 DMA lines. Prior mid-day reports noted - "Went through a choppy consolidation after dropped from the Featured Stocks list on 1/25/18, and it still faces resistance due to overhead supply up to the $285 level. Earnings increases have been mostly above the +25% minimum guideline (C criteria) in quarterly comparisons through Oct '18, but deceleration in its sales revenues growth rate has been noted."
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BSTC - NASDAQ - Medical-Biomed/Biotech Biospecifics Technologie	$60.80	+0.81 1.35%	$61.10	$66.21	-8.17%	20,240 51.90%	39,000
Most Recent Note for BSTC - 1/3/2019 12:43:03 PM Thinly traded Biomed/Biotech firm is consolidating near its 50 DMA line. Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Sep '18. Sales revenues growth showed acceleration, but quarterly totals have been in the $7-8 million range, still rather minuscule in the context of all publicly traded companies.
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DORM - NASDAQ - AUTOMOTIVE - Auto Parts Dorman Products Inc	$87.45	-1.94 -2.16%	$89.20	$91.32	-4.24%	160,042 86.51%	185,000
Most Recent Note for DORM - 1/3/2019 12:43:27 PM Consolidated above its 50 DMA line in recent weeks and it is perched near its all-time high. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Reported earnings +31% on +10% sales revenues for the Sep '18 quarter. Earnings results for prior quarters were not strong and steady above the +25% minimum guideline (C criteria) of the fact-based system."
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GHC - NYSE - Media-Diversified Graham Holdings Co Cl B	$675.00	+22.16 3.39%	$675.53	$678.36	-0.50%	15,863 66.10%	24,000
Most Recent Note for GHC - 1/3/2019 12:45:25 PM Challenging its 52-week high with today's 2nd consecutive gain with above average volume. Found support at its 50 DMA line during its consolidation since last noted in the 11/28/18 mid-day report - "Recent quarterly comparisons through Sep '18 showed strong earnings increases, however, sub par sales revenues growth and its up and down annual earnings (A criteria) history leave fundamental concerns."
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$9.44	-0.35 -3.53%	$9.64	$11.00	-14.23%	340,074 68.56%	496,000
Most Recent Note for PLAB - 1/3/2019 12:45:55 PM Prior mid-day reports repeatedly noted - "Overhead supply up to the $13 level remains to act as resistance. Recent quarters through Oct '18 showed improving sales and great earnings increases well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been erratic and below guidelines."
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services Ritchie Bros Auctioneers	$33.60	+0.65 1.97%	$33.83	$38.77	-13.34%	440,510 120.03%	367,000
Most Recent Note for RBA - 1/3/2019 12:47:09 PM Slumped below its 200 DMA line and undercut prior lows since last noted with caution in the 11/12/18 mid-day report - "The three latest quarterly comparisons through Sep '18 showed strong earnings increases. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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STOR - NYSE - Finance-Property REIT STORE Capital Corp	$27.99	+0.53 1.93%	$28.15	$31.05	-9.86%	1,330,468 69.37%	1,918,000
Most Recent Note for STOR - 1/3/2019 12:47:59 PM Finding support today near its 200 DMA line ($27.60) after a spurt of volume-driven losses. Reported Sep '18 earnings +15% on +24% sales revenues and fundamental concerns remain. Completed several new Public Offerings in recent years as this REIT rallied from its $19 IPO on 11/18/14.
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THG - NYSE - Insurance-Prop/Cas/Titl Hanover Insurance Group	$114.83	-0.54 -0.47%	$115.04	$131.44	-12.64%	215,775 90.28%	239,000
Most Recent Note for THG - 1/3/2019 12:48:40 PM Fundamental concerns remain and it slumped below its 200 DMA line since noted in the 8/29/18 mid-day report with caution - "Prior quarterly and annual earnings history has not been a match with the fact-based investment system's guidelines (C and A criteria)."
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WDFC - NASDAQ - CHEMICALS - Specialty Chemicals W D 40 Co	$178.16	+0.03 0.01%	$180.05	$187.50	-4.98%	57,684 60.72%	95,000
Most Recent Note for WDFC - 1/3/2019 12:50:50 PM Consolidating above its 50 DMA line after wedging to a new all-time high last week with gains lacking great volume conviction. The 11/14/18 mid-day report last noted - "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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WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$49.96	-0.54 -1.07%	$50.44	$58.70	-14.89%	39,063 51.40%	76,000
Most Recent Note for WIRE - 1/3/2019 12:53:52 PM Reported earnings +69% on +17% sales revenues for the Sep '18 quarter, but fundamental concerns remain. Overhead supply remains and may hinder its progress up to the $58 level. Last noted with caution in the 2/28/18 mid-day report - "Erratic annual earnings (A criteria) history makes it a questionable candidate, fundamentally."
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