Mid-Day Breakouts Report - Wednesday, January 17th, 2018

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 17TH, 2018
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DOW 25969.81 176.95 (0.69%) | NASDAQ 7257.95 34.26 (0.47%) | S&P 500 2789.56 13.14 (0.47%)

Time of Screening : 1/17/2018 11:59:22 AM Report Released : 1/17/2018 1:09:02 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

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
PATK - NASDAQ Patrick Industries Inc	$64.45	-2.25 -3.37%	$65.50	131,546 92.64% of 50 DAV 50 DAV is 142,000	$71.13 -9.39%	10/26/2017	$90.90	PP = $87.90 MB = $92.30
Most Recent Note - 1/17/2018 1:04:25 PM G - It is extended from any sound base. Prior highs in the $64 area define important near-term support. Rebounded from today's early low after undercutting its 50 DMA line ($64.80) and last week's low. Fundamentals remain strong. Shares split 3/2 effective 12/11/17. >>> The latest Featured Stock Update with an annotated graph appeared on 1/10/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AA - NYSE - METALS & MINING - Aluminum Alcoa Inc	$56.11	-0.13 -0.23%	$56.34	$57.50	-2.42%	3,039,687 75.45%	4,029,000
Most Recent Note for AA - 1/17/2018 12:03:21 PM Hovering at its 52-week high. Due to report Dec '17 earnings news. Noted in prior mid-day reports - "Fundamentals are below the investment system guidelines. AA was noted in the 7/10/07 mid-day report - 'With only a +13% increase reported in the last quarterly earnings, that puts the 'C' below guidelines. Current earnings per share should be up 25% or more and in many cases accelerating in recent quarters. Quarterly sales should also be up 25% or more or accelerating over prior quarters.'"
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$56.57	+2.07 3.80%	$56.87	$60.89	-7.09%	8,006,763 69.62%	11,501,000
Most Recent Note for AMAT - 1/17/2018 12:09:59 PM Sales revenues and earning growth rates have shown deceleration. Sales rose by +45%, +45%, +33%, and +20% in the Jan, Apr, Jul, Oct '17 quarterly comparisons versus the year ago periods, respectively, while earnings rose +158%, +132%, +72%, and +41% during the same span. Rebounding after a choppy consolidation below its 50 DMA line since last noted with caution in the 11/17/17 mid-day report - "Reported +41% earnings on +20% sales revenues for the Oct '17 quarter, its 6th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '12-13. There is a large supply of 1.07 billion shares outstanding (S criteria) and it is already widely held, owned by 2,262 top-rated mutual funds (I criteria)."
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AMP - NYSE - FINANCIAL SERVICES - Asset Management Ameriprise Financial Inc	$177.23	-0.08 -0.05%	$178.33	$183.90	-3.63%	618,875 74.83%	827,000
Most Recent Note for AMP - 1/17/2018 12:15:29 PM There was a "negative reversal" at its all-time high on the prior session. While tallying a 4th consecutive gain and reaching new high ground the 1/09/18 mid-day report cautioned members - "Reported +158% earnings on -1% sales revenues for the Sep '17 quarter. Quarterly sales revenues and earnings (C criteria) growth history is below the fact-based investment system's guidelines."
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$197.43	+11.05 5.93%	$198.09	$188.50	4.74%	1,414,766 166.05%	852,000
Most Recent Note for ASML - 1/17/2018 12:22:49 PM Dutch Electronics - Semiconductor Equipment firm gapped up for a 2nd consecutive session, technically breaking out and hitting new all-time highs. Reported Dec '17 quarterly earnings +39% on +53% sales revenues. That marked its 6th consecutive strong quarterly comparison more than +25% versus the the year ago period (C criteria). Its annual earnings (A criteria) growth history has not been strong and steady, leaving fundamental concerns regarding the strict guidelines of the fact-based investment system.
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BAC - NYSE - BANKING - Money Center Banks Bank Of America Corp	$30.94	-0.30 -0.95%	$31.23	$31.79	-2.66%	63,568,380 92.05%	69,061,000
Most Recent Note for BAC - 1/17/2018 12:24:42 PM Pulling back today after hitting new 52-week highs with a streak of 5 consecutive gains. Reported earnings +21% on +7% sales revenues for the Dec '17 quarter. Prior mid-day reports cautioned - "Prior quarterly and annual earnings history (C and A criteria) and sub par sales revenues growth is not a match with the fact-based investment system's fundamental guidelines."
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BBL - NYSE - METALS & MINING - Industrial Metals & Minerals B H P Billiton Plc Ads	$44.51	+0.34 0.77%	$44.65	$45.30	-1.74%	1,168,509 96.49%	1,211,000
Most Recent Note for BBL - 1/17/2018 12:25:44 PM This Australia - based Mining - Metal Ores firm's up and down annual earnings (A criteria) history is not a match with the guidelines of the fact-based investment system. Perched near its 52-week high following a big streak of gains with increasing volume conviction. Recent quarterly comparisons through Jun '17 showed strong sales revenues and great earnings increases versus the year ago periods.
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BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$17.90	-1.20 -6.28%	$18.35	$19.66	-8.95%	410,467 75.73%	542,000
Most Recent Note for BOOT - 1/17/2018 12:30:40 PM Pulling back after a proposed Secondary Offering. Quarterly comparisons through Sep '17 showed improved earnings increases, however, sub par sales revenues growth and erratic annual earnings (A criteria) remain fundamental concerns.
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BWA - NYSE - AUTOMOTIVE - Auto Parts Borg Warner Inc	$57.87	+1.55 2.75%	$58.11	$57.89	-0.03%	931,126 67.13%	1,387,000
Most Recent Note for BWA - 1/17/2018 12:01:49 PM Hitting new 52-week highs with volume-driven gains after sputtering below its 50 DMA line when last noted with caution in the 12/20/17 mid-day report. This Auto/Truck -Original Equipment firm's fundamentals are not a match with the C and A criteria of the fact-based investment system. Reported earnings +22% on +9% sales revenues for the Sep '17 quarter. A 2:1 split impacted its share price as of 12/17/13.
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CEO - NYSE - ENERGY - Independent Oil & Gas C N O O C Ltd Adr	$158.55	+0.26 0.16%	$159.20	$161.35	-1.74%	66,593 66.59%	100,000
Most Recent Note for CEO - 1/17/2018 12:32:33 PM Powered to new multi-year highs with recent volume-driven gains. The 1/12/18 mid-day report noted - "Its erratic earnings history is cause for concern with respect to both the C and A criteria. This huge Chinese Oil and Gas Exploration/Production firm was noted with caution in the 4/06/11 mid-day report - 'Its 2 most recent quarterly comparisons showed big sales revenues and earnings increases after a streak of at least 6 prior comparisons with earnings ranging from +6% to -54% versus the year ago period, below guidelines of the fact-based investment system.'"
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COHR - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Coherent Inc	$320.24	+13.97 4.56%	$329.00	$320.73	-0.15%	761,250 190.79%	399,000
Most Recent Note for COHR - 1/17/2018 12:35:36 PM Hitting a new all-time high with today's 4th consecutive gain on ever-increasing volume. Found support near its 50 DMA line during its consolidation since last noted with caution in the 11/10/17 mid-day report - "Reported earnings +125% on +97% sales revenues for the Sep '17 quarter, marking its 5th consecutive strong quarter well above the +25% minimum earnings guideline (C criteria). After a downturn in FY '14 earnings (A criteria) it has shown strong growth."
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CS - NYSE - FINANCIAL SERVICES - Diversified Investments Credit Suisse Group Adr	$18.67	-0.18 -0.95%	$18.68	$19.08	-2.15%	1,755,668 69.70%	2,519,000
Most Recent Note for CS - 1/17/2018 12:41:06 PM Fundamental concerns remain. Study a long term chart since this Switzerland-based Finance - Investment Bankers/Brokers firm was last noted with caution in the 10/22/09 mid-day report - "It has encountered distributional pressure in recent weeks after reaching its 2008 highs. This large Finance - Investment Brokers firm's sales revenues and earnings history are below the investment system's guidelines, leaving fundamental concerns."
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HDB - NYSE - BANKING - Foreign Regional Banks H D F C Bank Ltd Adr	$103.73	+0.00 0.00%	$104.98	$104.59	-0.82%	444,468 89.61%	496,000
Most Recent Note for HDB - 1/17/2018 12:43:33 PM Hitting new 52-week highs with volume-driven gains. Noted with caution in prior mid-day reports - "Reported earnings +22% on +19% sales revenues for the Sep '17 quarter and fundamental concerns remain. Prior quarterly earnings growth has been below the +25% minimum earnings guideline (C criteria). This India-based financial institution was dropped from the Featured Stocks list on 1/17/08. Completed a new Public Offering on 2/05/15."
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HURC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Hurco Companies Inc	$47.10	+0.30 0.64%	$47.60	$48.95	-3.78%	26,278 105.11%	25,000
Most Recent Note for HURC - 1/17/2018 12:45:45 PM Perched near its 52-week high following volume-driven gains. Recent quarterly reports in Jul and Oct '17 showed improved sales revenues and strong earnings increases, but fundamental concerns remain as when noted in the 7/21/11 mid-day report - "Earnings history has not been a good match with the fact-based investment system's winning models."
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IIN - NASDAQ - Machinery-Gen Industrial Intricon Corporation	$22.70	-0.15 -0.66%	$23.55	$23.50	-3.40%	62,437 90.49%	69,000
Most Recent Note for IIN - 1/17/2018 12:47:15 PM Perched at its all-time high following volume-driven gains, extended from any sound base. Prior mid-day reports repeatedly cautioned members - "This Machinery - General Industrial firm's fundamentals are not a match with the C and A criteria of the fact-based investment system."
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KB - NYSE - BANKING - Foreign Regional Banks K B Financial Group Adr	$62.10	-0.20 -0.32%	$62.10	$63.96	-2.91%	84,259 79.49%	106,000
Most Recent Note for KB - 1/17/2018 12:48:50 PM Fundamental concerns remain for this South Korean banking firm. It is perched at multi-year highs, extended from any sound base.
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LRCX - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Lam Research Corp	$201.42	+11.03 5.79%	$201.99	$219.70	-8.32%	3,026,229 111.05%	2,725,000
Most Recent Note for LRCX - 1/17/2018 12:54:35 PM Rebounding above its 50 DMA line with a volume-driven gain today, but it has not formed a sound base and still faces resistance due to overhead supply up to the $219 level. This widely held Electronics - Semiconductor Equipment firm is due to report earnings on Wednesday, January 4th. It was noted in prior mid-day reports - "Reported earnings +91% on +52% sales revenues for the Sep '17 quarter, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria)."
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$217.92	-3.61 -1.63%	$221.15	$226.07	-3.61%	4,298,956 71.48%	6,014,000
Most Recent Note for NFLX - 1/17/2018 12:56:30 PM Perched at its all-time high following a spurt of gains marked by above average volume. Return on Equity is reported at 8%, below the 17% minimum guideline of the fact-based investment system. Prior mid-day reports repeatedly noted - "Reported earnings +142% on +30% sales revenues for the Sep '17 quarter, its 5th consecutive strong quarter. The number of top-rated funds owning its shares (I criteria) rose from 1,409 in Jun '16 to 1,685 in Sep '17. This well-known online movie services firm may be an interesting turnaround story, but it has an erratic annual earnings history, not a good match with A criteria of the fact-based investment system. Rebounded impressively following a deep consolidation after dropped from the Featured Stocks list on 3/03/11."
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ORBK - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Orbotech Ltd	$54.12	+2.65 5.15%	$54.47	$56.44	-4.11%	324,049 88.78%	365,000
Most Recent Note for ORBK - 1/17/2018 12:58:57 PM This Israel-based manufacturer of optical inspection/process control systems found prompt support near its 50 DMA line. Prior mid-day reports cautioned members - "Reported earnings +34% on +20% sales revenues for the Sep '17 quarter. Fundamental concerns remain as prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria)."
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SSNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S S & C Technologies	$49.51	+1.03 2.11%	$49.82	$51.39	-3.67%	1,353,436 113.73%	1,190,000
Most Recent Note for SSNC - 1/17/2018 1:05:14 PM Perched near its 52-week high following considerable volume-driven gains on M&A news last week. Noted in the 6/14/17 mid-day report - "Fundamental concerns remain. Quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 6/19/15."
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TEAM - NASDAQ - Comp Sftwr-Spec Enterprs Atlassian Corp Plc	$54.37	+1.55 2.93%	$54.68	$55.25	-1.59%	747,491 76.04%	983,000
Most Recent Note for TEAM - 1/17/2018 1:06:32 PM Hitting new 52-week highs this week while adding upon prior volume-driven gains. Noted with caution in the 1/03/18 mid-day report when rebounding above its 50 DMA line with a big volume-driven gain - "Fundamental concerns remain. Limited history since its $21 IPO on 12/10/15."
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TSG - NASDAQ - Computer Sftwr-Gaming The Stars Group Inc	$24.85	+0.60 2.47%	$24.90	$24.35	2.05%	572,811 208.29%	275,000
Most Recent Note for TSG - 1/17/2018 1:08:21 PM Powering to new 52-week highs with consecutive volume-driven gains. Stubbornly held its ground after an impressive streak of gains and traded in a tight range above its 50 DMA line after last noted in the 12/13/17 mid-day report - "Reported earnings +38% on +22% sales revenues for the Sep '17 quarter. Three of the past 4 quarterly earnings increases were above the +25% minimum guideline (C criteria). Fundamental concerns remain due to its limited annual earnings (A criteria) history."
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$234.73	+1.83 0.79%	$236.92	$235.00	-0.11%	2,011,721 73.34%	2,743,000
Most Recent Note for UNH - 1/17/2018 1:08:59 PM Hitting a new all-time high with today's 4th consecutive gain backed by ever-increasing volume. Found support near its 50 DMA line during prior consolidations. Reported earnings +23% on +10% sales revenues for the quarter ended December 31, 2017 versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Sales revenues growth rate has been sub par.
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