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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 8TH, 2017
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DOW 20049.22 -41.07 (-0.20%) | NASDAQ 5674.75 0.53 (0.01%) | S&P 500 2291.28 -1.8 (-0.08%)
Time of Screening : 2/8/2017 12:05:42 PM         Report Released : 2/8/2017 12:52:03 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
Max Buy
LITE - NASDAQ
Lumentum Holdings Inc
$44.60 +4.40
10.93%
$46.20 2,876,647
299.03% of 50 DAV
50 DAV is 962,000
$45.25
-1.45%
2/8/2017 $44.60 PP = $44.80
MB = $47.04
Most Recent Note - 2/8/2017 12:38:58 PM
Y - Color code is changed to yellow with new pivot point cited based on its 12/09/16 high plus 10 cents. A gain and strong finish above the pivot point may trigger a convincing technical buy signal. Reported earnings +73% on +21% sales revenues for the Dec '16 quarter and gapped up today hitting a new high. Volume and volatility often increase near earnings news. Rebound above its 50 DMA line with a volume-driven gain on the prior session helping its outlook improve. Relative Strength rating has improved from 81 to 87 since 1/05/17 when dropped from the Featured Stocks list, and it stayed well above its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/8/2016. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ALK - NYSE - TRANSPORTATION - Regional Airlines
Alaska Air Group Inc
$97.78 +3.68
3.91%
$98.80 $96.27 1.57% 1,151,154
91.65%
1,256,000
Most Recent Note for ALK - 2/8/2017 12:08:07 PM
Powering to new 52-week and all-time highs. Reported earnings +7% on +11% sales revenues for the Dec '16 quarter. Sub par sales revenues and earnings increases hint that there is no great demand for new (N criteria) products or services. After a severe downturn in FY '08 it has shown strong annual earnings (A criteria) growth.

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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Audiocodes Ltd
$6.85 +0.18
2.70%
$6.88 $6.86 -0.15% 373,385
255.74%
146,000
Most Recent Note for AUDC - 2/8/2017 12:13:50 PM
Perched at a new 52-week high with another volume-driven gain today. Noted with caution in prior mid-day reports - "Reported earnings +14% on +6% sales revenues for the Dec '16 quarter. Prior earnings history (C and A criteria) is below the fact-based system's fundamental guidelines."

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CDW - NASDAQ - Computer-Tech Services
C D W Corp
$57.25 +0.32
0.56%
$58.12 $57.22 0.05% 914,818
124.63%
734,000
Most Recent Note for CDW - 2/8/2017 12:17:51 PM
Hitting a new 52-week high with today's 4th consecutive volume-driven gain. Reported Dec '16 earnings +18% on +2% sales revenues, and prior comparisons also had earnings below the +25% minimum guideline (C criteria). Found support near its 50 DMA line recently. Prior Secondary Offerings were completed on 11/24/15, 5/19/15, 12/02/14, and 9/03/14 as it rallied from its $17 IPO on 6/27/13.
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COHR - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Coherent Inc
$188.02 +26.68
16.54%
$194.36 $162.35 15.81% 916,133
408.99%
224,000
Most Recent Note for COHR - 2/8/2017 12:22:33 PM
Gapped up today hitting new all-time highs, getting very extended from any sound base. Reported earnings +160% on +82% sales revenues for the Dec '16 quarter, marking its 3rd consecutive strong quarter, but fundamental concerns remain. Its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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ESE - NYSE - MANUFACTURING - Pollution & Treatment Controls
E S C O Technologies Inc
$53.65 -3.75
-6.53%
$56.30 $58.95 -8.99% 94,868
103.12%
92,000
Most Recent Note for ESE - 2/8/2017 12:23:57 PM
Gapped down today violating its 50 DMA line. Reported earnings -13% on +10% sales revenues for the Dec '16 quarter.
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ESXB - NASDAQ - Banks-Southeast
Community Bankers Trust
$7.80 -0.05
-0.64%
$7.80 $7.85 -0.64% 103,541
383.49%
27,000
Most Recent Note for ESXB - 2/8/2017 12:24:34 PM
Perched at its high following a considerable post-election rally. Reported earnings +20% on +6% sales revenues for the Dec '16 quarter, and fundamental concerns remain. Earnings history is not a match with the fact-based investment system's guidelines. Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.

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GRUB - NYSE - INTERNET - Content
GrubHub Inc
$40.14 -1.17
-2.83%
$41.51 $44.58 -9.96% 7,619,664
575.50%
1,324,000
Most Recent Note for GRUB - 2/8/2017 12:26:40 PM
Consolidating and pulling back on heavy volume today testing support near its 50 DMA line, yet still perched within striking distance of its 52-week and multi-year highs. Reported Dec '16 quarterly earnings +21% on +38% sales revenues. Encountered distributional pressure after noted with caution in the 10/27/16 mid-day report - "Reported earnings +77% on +44% sales revenues for the Sep '16 quarter, but prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria). Completed a new Public Offering on 9/03/14."
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HAR - NYSE - CONSUMER DURABLES - Electronic Equipment
Harman Intl Industries
$111.12 -0.29
-0.26%
$111.32 $111.40 -0.26% 1,237,862
120.88%
1,024,000
Most Recent Note for HAR - 2/8/2017 12:27:58 PM
Holding its ground since gapping up for a new 52-week high on 11/14/16 M&A news. Reported earnings +21% on +10% sales revenues for the Dec '16 quarter, and prior quarterly comparisons did not have strong and steady earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved steadily since a downturn in FY '09.
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HLI - NYSE - Finance-Invest Bnk/Bkrs
Houlihan Lokey Inc
$30.38 -1.22
-3.86%
$31.39 $34.66 -12.35% 111,120
102.89%
108,000
Most Recent Note for HLI - 2/8/2017 12:28:36 PM
Pulling back from all-time highs and undercutting its 50 DMA line after proposing a new Public Offering. Noted in prior mid-day reports with caution - "Reported earnings +21% on +21% sales revenues for the Dec '16 quarter, below the +25% minimum earning guideline (C criteria). Prior sales revenues and earnings growth history is not a match with the fact-based investment system's guidelines."
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IIVI - NASDAQ - Electronic-Parts
Ii-Vi Incorporated
$38.25 +1.65
4.51%
$39.50 $37.55 1.86% 668,194
145.58%
459,000
Most Recent Note for IIVI - 2/8/2017 12:32:11 PM
Hitting new 52-week and all-time highs with today's big volume-driven gain. Held its ground stubbornly following 6 consecutive gains on ever-increasing volume when last noted in the 1/25/17 mid-day report. Reported earnings +83% on +21% sales revenues for the Dec '16 quarter. Has a new CEO as of 9/01/16. Recent quarterly comparisons show solid sales revenues growth and earnings increases above the +25% minimum guideline (C criteria). Consensus earnings estimates for FY '17 are +6%, and its up and down annual earnings history (A criteria) is a concern. It was dropped from the Featured Stocks list on 10/02/08.
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IPHI - NYSE - Elec-Semicondctor Fablss
Inphi Corp
$49.24 +0.32
0.65%
$51.28 $49.17 0.14% 2,638,016
377.94%
698,000
Most Recent Note for IPHI - 2/8/2017 12:34:27 PM
Churning heavy volume at its all-time high and trading in a wide range today. Found recent support near its 50 DMA line. Reported earnings +57% on +53% sales revenues for the Dec '16 quarter, and 3 of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Fundamental concerns remain following a downturn in FY '11 -13 annual earnings (A criteria).
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LOGM - NASDAQ - INTERNET - Internet Software & Services
Logmein Inc
$98.05 -3.05
-3.02%
$100.20 $110.00 -10.86% 1,284,158
182.15%
705,000
Most Recent Note for LOGM - 2/8/2017 12:40:33 PM
Retreating from its all-time high, it gapped down today sinking below its 50 DMA line while adding to a spurt of volume-driven losses. Noted with caution repeatedly in prior mid-day reports - "Reported earnings +22% on +22% sales revenues for the Sep '16 quarter and fundamental concerns remain. Its up and down annual earnings history (A criteria) is not a match with the fact-based investment system's guidelines."
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MCHP - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Microchip Tech
$74.48 +4.86
6.98%
$76.50 $69.73 6.81% 6,498,948
324.95%
2,000,000
Most Recent Note for MCHP - 2/8/2017 12:43:16 PM
Gapped up today hitting new 52-week and all-time highs with a considerable volume-driven gain. Recently found support near its 50 DMA line. Reported earnings +64% on +54% sales revenues for the Dec '16 quarter, its 2nd strong quarter. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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MOMO - NASDAQ - INTERNET - Content
Momo Inc.
$24.56 +1.79
7.86%
$24.70 $28.44 -13.64% 2,045,469
127.68%
1,602,000
Most Recent Note for MOMO - 2/8/2017 12:45:28 PM
Rebounding from support at its 200 DMA line after a deep consolidation since last noted with caution in the 11/08/16 mid-day report - "Reported greatly improved sales and earnings in recent quarterly comparisons through Sep '16. Limited history remains a concern for this Chinese Internet - Content firm. Completed its $14 IPO in Dec '14."
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MXL - NYSE - Telecom-Infrastructure
Maxlinear Inc Cl A
$26.60 +0.18
0.68%
$26.75 $26.43 0.64% 634,658
82.42%
770,000
Most Recent Note for MXL - 2/8/2017 12:46:09 PM
Hitting new all-time highs today while adding to a streak of small volume-driven gains. Fundamental concerns remain as when noted with caution in the 11/23/16 mid-day report - "Reported earnings +8% on +1% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria) for buy candidates. Found support at its 200 DMA line after dropped from the Featured Stocks list on 9/13/16."
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PLXS - NASDAQ - ELECTRONICS - Printed Circuit Boards
Plexus Corp
$54.70 -0.03
-0.05%
$55.28 $55.58 -1.58% 134,761
77.45%
174,000
Most Recent Note for PLXS - 2/8/2017 12:47:04 PM
Hovering near its 52-week high, it has found support near its 50 DMA line. Fundamental concerns remain as noted in prior mid-day reports - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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SBFG - NASDAQ - Banks-Midwest
S B Financial Group Inc
$18.22 +0.37
2.04%
$18.29 $20.75 -12.19% 15,372
109.80%
14,000
Most Recent Note for SBFG - 2/8/2017 12:48:52 PM
Hit a new all-time high and then there was a "negative reversal" on 2/06/17 when the mid-day report noted - "Reported Dec '16 quarterly earnings +28% on +22% sales revenues but prior quarterly earnings were below the +25% minimum guideline (C criteria), Tallied volume-driven gains while noted with caution in prior mid-day reports - 'In recent weeks there was reported insider buying. Reported earnings +14% on +17% sales revenues for the Sep '16 quarter. Fundamental concerns remain, as prior quarterly and annual earnings have not been strong and steady enough to meet the investment system's guidelines.'"
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TCX - NASDAQ - Retail-Internet
Tucows Inc Cl A
$45.10 -3.30
-6.82%
$45.45 $52.75 -14.50% 192,881
257.17%
75,000
Most Recent Note for TCX - 2/8/2017 12:51:36 PM
Gapped down today retreating from multi-year highs, and it remains very extended from any sound base. Earnings were -7% on +9% sales revenues for the Dec '16 quarter, but the 4 prior quarterly earnings increases were above the +25% minimum guideline (C criteria). Prior mid-day reports noted - "Prior deceleration in sales revenues growth rate in sequential quarterly comparisons was noted as a concern. Up and down annual earnings (A criteria) history is not a great match with the fact-based investment system's guidelines."
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UCBI - NASDAQ - BANKING - Regional - Mid-Atlantic Banks
United Community Banks
$28.09 -0.29
-1.02%
$28.42 $30.47 -7.81% 565,990
104.62%
541,000
Most Recent Note for UCBI - 2/8/2017 12:52:01 PM
Quarterly earnings (C criteria) history through Dec '16 has not been a good match with the fact-based investment system's guidelines. It has also shown erratic annual earnings (A criteria) growth.
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