Mid-Day Breakouts Report - Thursday, February 28th, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 28TH, 2019
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DOW 25960.67 -24.49 (-0.09%) | NASDAQ 7550.12 -4.39 (-0.06%) | S&P 500 2790.54 -1.84 (-0.07%)

Time of Screening : 2/28/2019 12:01:06 PM Report Released : 2/28/2019 1:03:26 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
LHCG - NASDAQ L H C Group Inc	$110.59	+4.20 3.95%	$114.19	231,342 87.63% of 50 DAV 50 DAV is 264,000	$114.22 -3.18%	1/23/2019	$107.29	PP = $107.61 MB = $112.99
Most Recent Note - 2/28/2019 12:48:04 PM Y - Managed a "positive reversal" after a gap down today. Reported earnings +66% on +75% sales revenues for the Dec '18 quarter. Volume and volatility often increase near earnings news. Recent gains into new high territory lacked great volume conviction. A solid gain and close above the pivot point backed by at least +40% above average volume may help clinch a convincing technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 2/21/2019. Click here.
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PANW - NYSE Palo Alto Networks	$250.03	-4.85 -1.90%	$255.00	932,075 65.96% of 50 DAV 50 DAV is 1,413,000	$260.63 -4.07%	2/25/2019	$233.54	PP = $239.60 MB = $251.58
Most Recent Note - 2/28/2019 12:52:15 PM Y - Pulling back today. Hit a new all-time high with a big "breakaway gap" on the prior session clinching a technical buy signal while rising from a 23-week cup shaped base. Prior high ($239) defines initial support to watch on pullbacks. Reported earnings +44% on +30% sales revenues for the Jan '19 quarter, continuing its strong earnings track record. >>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACRE - NYSE - Finance-Mortgage REIT Ares Coml Real Estate	$15.37	+0.25 1.65%	$15.41	$15.34	0.20%	148,839 72.25%	206,000
Most Recent Note for ACRE - 2/28/2019 12:03:01 PM This REIT has not shown steady earnings increases above the +25% minimum guideline (C criteria), but results were strong in three of the past four quarterly comparisons through Dec '18. Annual earnings history (A criteria) included a downturn in FY '16.
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AMCX - NASDAQ - MEDIA - CATV Systems Amc Networks Inc	$67.66	+4.08 6.42%	$68.42	$69.02	-1.97%	792,467 135.93%	583,000
Most Recent Note for AMCX - 2/28/2019 12:07:43 PM Challenging its 52-week high with today's big volume-driven gain. recently consolidated above its 50 and 200 DMA lines. Reported earnings +14% on +6% sales revenues for the Dec '18 quarter. Fundamental concerns remain due to sub par sales revenues growth while earnings were not strong and steady above the +25% minimum guideline in quarterly comparisons versus the year ago periods. After a downturn in FY '14 annual earnings (A criteria) history for this Leisure - Movies Related firm have improved.
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AMED - NASDAQ - HEALTH SERVICES - Home Health Care Amedisys Inc	$127.67	+5.02 4.09%	$127.99	$140.91	-9.40%	342,362 69.02%	496,000
Most Recent Note for AMED - 2/28/2019 12:09:34 PM Finding prompt support after undercutting its 50 DMA line ($124.57). Quarterly earnings increases through Dec '18 have been above the +25% minimum guideline (C criteria). Sub par sales revenues growth remains a concern. Annual earnings history (A criteria) has been improving since a drastic downturn in FY '12-13.
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ANSS - NASDAQ - Computer Sftwr-Design Ansys Inc	$181.09	+4.26 2.41%	$186.15	$190.45	-4.91%	383,301 83.33%	460,000
Most Recent Note for ANSS - 2/28/2019 12:17:05 PM Faces some resistance due to overhead supply up to the $190 level. Gapped up today, rebounding toward its all-time high. Bullish action came after it reported earnings +99% on +37% sales revenues for the Dec '18 quarter. The 4 latest quarterly comparisons through Dec '18 have shown earnings increases above the +25% minimum guideline (C criteria).
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ATSG - NASDAQ - Transport-Air Freight Air Transport Svcs Grp	$23.88	-0.24 -1.00%	$25.22	$26.48	-9.82%	358,311 74.65%	480,000
Most Recent Note for ATSG - 2/28/2019 12:17:36 PM Fundamental concerns remain due to waning sales revenues in the 4 latest quarterly comparisons through Dec '18.
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AWI - NYSE - Bldg-Constr Prds/Misc Armstrong World Inds	$73.31	-1.87 -2.49%	$75.11	$75.67	-3.12%	272,327 66.58%	409,000
Most Recent Note for AWI - 2/28/2019 12:21:34 PM Perched at its all-time high following 5 consecutive volume-driven gains. Reported earnings +57% on +11% sales revenues for the Dec '18 quarter. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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BEAT - NASDAQ - Medical-Services BioTelemetry Inc	$75.72	+3.04 4.18%	$76.25	$80.92	-6.43%	484,079 71.50%	677,000
Most Recent Note for BEAT - 2/28/2019 12:24:23 PM Rebounding toward its high after finding prompt support near its 50 DMA line. Earnings increases were well above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons through Dec '18 versus the year ago periods, however, sales revenues growth rate has shown worrisome deceleration.
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CELG - NASDAQ - DRUGS - Drug Manufacturers - Major Celgene Corp	$83.36	-7.64 -8.39%	$86.28	$95.30	-12.53%	22,346,131 198.63%	11,250,000
Most Recent Note for CELG - 2/28/2019 12:25:25 PM Gapped down today. Fundamentals through the Dec '18 quarter have been not been strong and steady above the +25% minimum earnings guideline (C criteria). There are 2,470 top-rated funds that reportedly own its shares as of Dec '18 and 699.3 million shares outstanding. Went through a deep consolidation since noted with caution in the 10/05/17 mid-day report - "Already owned by 2,871 top-rated funds (I criteria) and it has a large supply of 782.4 million shares outstanding (S criteria)."
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$7.51	+0.14 1.92%	$7.80	$8.44	-11.08%	14,294 71.47%	20,000
Most Recent Note for CODA - 2/28/2019 12:30:41 PM Perched near its 52-week high. Prior mid-day reports noted - "Reported strong sales revenues and earnings increases for the Oct '18 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$29.25	+2.65 9.96%	$29.25	$31.50	-7.14%	30,967 106.78%	29,000
Most Recent Note for DAVA - 2/28/2019 12:32:58 PM Gapped up today for a big gain, rebounding toward its prior highs. Limited history is a concern for this UK-based Computer - tech Services firm since it completed its $20 IPO on 7/27/18.
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DLHC - NASDAQ - Comml Svcs-Staffing D L H Holdings Corp	$6.48	-0.02 -0.31%	$6.55	$6.55	-1.07%	26,697 127.13%	21,000
Most Recent Note for DLHC - 2/28/2019 12:34:01 PM Thinly-traded Commercial Services - Staffing firm is perched at its 52-week high following volume-driven gains. Recent quarterly earnings increases through Dec '18 were above 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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ERIE - NASDAQ - INSURANCE - Property & Casualty Insurance Erie Indemnity Co	$176.68	-5.75 -3.15%	$182.50	$186.30	-5.16%	50,645 97.39%	52,000
Most Recent Note for ERIE - 2/28/2019 12:36:02 PM Very extended from any sound base. This Insurance - Brokers firm reported earnings +20% on +44% sales revenues for the Dec '18 quarter. The 3 prior quarters were above the +25% minimum earnings guideline (C criteria). Annual earnings history has been slow and steady, not a great match with the fact-based investment system.
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GTN - NYSE - MEDIA - Broadcasting - TV Gray Television Inc	$21.18	+2.37 12.60%	$21.50	$20.24	4.64%	1,940,787 252.05%	770,000
Most Recent Note for GTN - 2/28/2019 12:43:47 PM Hit a new all-time high with today's big gap up and volume-driven gain. It did not form an orderly base. Bullish action came after it reported earnings +165% on +40% sales revenues for the Dec '18 quarter, its 2nd strong quarterly comparison. Annual earnings (A criteria) history has been strong after a downturn in FY '15. Completed new Public Offerings on 12/01/17 and 3/25/15.
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HZNP - NASDAQ - Medical-Biomed/Biotech Horizon Pharma Inc	$27.58	+5.73 26.20%	$28.21	$24.03	14.75%	9,479,207 616.73%	1,537,000
Most Recent Note for HZNP - 2/28/2019 12:46:58 PM Gapped up today for a considerable gain hitting a new 52-week high. The prior mid-day report noted - "Reported earnings +131% on +30% sales revenues for the Dec '18 quarter, its 2nd strong quarterly comparison versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$126.19	+0.51 0.41%	$127.53	$126.48	-0.23%	10,019,314 120.35%	8,325,000
Most Recent Note for LLY - 2/28/2019 12:48:33 PM Hitting new 52-week and all-time highs with yet another volume-driven gain today, adding to a recent spurt. Reported Dec '18 quarterly earnings +17% on +5% sales revenues, below the +25% minimum earnings guideline (C criteria) versus the year ago periods. Annual earnings (A criteria) have improved since a downturn in FY '14.
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MIDD - NASDAQ - MANUFACTURING - Diversified Machinery Middleby Corp	$123.04	-2.18 -1.74%	$125.22	$134.02	-8.19%	362,772 72.55%	500,000
Most Recent Note for MIDD - 2/28/2019 12:49:01 PM Reported earnings +10% on +20% sales revenues for the Dec '18 quarter, and fundamental concerns remain. Has a small supply (S criteria) of only 55.8 million shares outstanding. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria).
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NOVT - NASDAQ - Elec-Scientific/Msrng Novanta Inc	$81.87	-2.54 -3.01%	$84.20	$84.44	-3.04%	111,898 70.82%	158,000
Most Recent Note for NOVT - 2/28/2019 12:50:57 PM Pulling back today after a volume-driven breakout on the prior session when noted with caution in the mid-day report - "Reported earnings +27% on +6% sales revenues for the Dec '18 quarter. Deceleration in its sales revenues growth rate is a concern, fundamentally. Made choppy progress since dropped from the Featured Stocks list on 10/05/18."
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PRAH - NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc PRA Health Sciences, Inc	$109.35	-2.30 -2.06%	$110.25	$121.98	-10.35%	421,988 96.12%	439,000
Most Recent Note for PRAH - 2/28/2019 12:53:57 PM Enduring some distributional pressure this week. Reported earnings +26% on +11% sales revenues for the Dec '18 quarter. It did not form a sound base yet rebounded impressively from a deep consolidation since dropped from the Featured Stocks list on 12/19/18.
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PUMP - NYSE - Oil&Gas-Field Services Propetro Holding Corp	$19.68	+0.62 3.25%	$20.19	$20.91	-5.88%	814,760 66.29%	1,229,000
Most Recent Note for PUMP - 2/28/2019 12:59:40 PM Rebounding near prior highs and perched within striking distance of its 52-week high with today's 3rd consecutive volume-driven gain. Recent quarters through Dec '18 showed improved sales and earnings versus the year-ago periods. Had profitable FY '17 and '18 after years of losses, but limited history is a concern (A criteria).
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SAVE - NASDAQ - TRANSPORTATION - Regional Airlines Spirit Airlines Inc	$57.77	-0.80 -1.37%	$58.72	$65.35	-11.60%	977,965 85.34%	1,146,000
Most Recent Note for SAVE - 2/28/2019 1:01:04 PM Slumping from near its 52-week high and falling below its 50 DMA line ($59.08). Reported earnings +92% on +30% sales revenues for the Dec '18 quarter, its 2nd consecutive quarterly comparison with earnings well above the +25% minimum guideline (C criteria). Has a new CEO as of 1/01/19. Completed a Secondary Offering on 1/20/12 after its 5/26/11 IPO at $12.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$66.67	+0.70 1.06%	$68.70	$75.58	-11.79%	1,055,697 182.02%	580,000
Most Recent Note for WING - 2/28/2019 1:02:20 PM Perched near its 52-week high, today it found support at its 50 DMA line ($66.13). Reported earnings +0% on +15% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history is a concern and it completed Secondary Offerings on 8/09/16 and 3/08/16 after its $17 IPO on 6/12/15."
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ZTO - NYSE - Transportation-Logistics ZTO Express (Cayman) Inc	$19.66	+0.12 0.59%	$19.98	$22.67	-13.30%	2,127,734 91.71%	2,320,000
Most Recent Note for ZTO - 2/28/2019 1:03:18 PM Rebounding after a deep consolidation below its 200 DMA line since noted with caution in the 8/09/18 mid-day report. Reported strong earnings increases above the +25% minimum guideline (C criteria) in quarterly comparisons through Sep '18. History is limited since its $19.50 IPO in October 2016.
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