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 MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 22ND, 2019
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DOW 25584.08 -378.43 (-1.46%) | NASDAQ 7689.94 -149.02 (-1.90%) | S&P 500 2809.02 -45.86 (-1.61%)
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Time of Screening :
3/22/2019 12:11:21 PM Report Released :
3/22/2019 12:47:44 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 57.5% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
ESNT
- NYSE
Essent Group Ltd
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$43.96
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-1.88
-4.10%
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$45.50
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450,197
77.49% of 50 DAV
50 DAV is 581,000
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$47.94
-8.30%
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3/18/2019 |
$45.84
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PP = $45.06
MB = $47.31 |
Most Recent Note - 3/22/2019 12:28:30 PM
Y - Today's 3rd big volume-driven loss in the span of 4 sessions has it slumping below its pivot point and back into the prior base, raising concerns. Following a big volume-driven breakout gain on 3/18/19 it was repeatedly noted - "Faces some resistance due to overhead supply up to the $50 level. Reported earnings +66% on +20% sales revenues for the Dec '18 quarter, its 4th consecutive comparison above the +25% minimum earnings guideline (C criteria)."
>>> The latest Featured Stock Update with an annotated graph appeared on 3/18/2019. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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ZBRA
- NASDAQ
Zebra Tech Corp Cl A
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$211.28
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-7.02
-3.22%
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$218.75
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283,504
61.10% of 50 DAV
50 DAV is 464,000
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$219.39
-3.70%
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2/14/2019 |
$198.10
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PP = $184.85
MB = $194.09 |
Most Recent Note - 3/22/2019 12:47:37 PM
G - Pulling back today, and it is extended from the prior base after wedging higher with recent gains lacking great volume-conviction. Its 50 DMA line ($190) and prior highs in the $184 area define near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2019. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BMI
- NYSE - Machinery-Constr/Mining
Badger Meter Inc
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$55.58 |
-2.06
-3.57%
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$57.35
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$61.57
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-9.73% |
321,963
300.90%
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107,000
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Most Recent Note for BMI - 3/22/2019 12:15:07 PM
Violating its 50 DMA line and prior highs in the $56-57 area with today's damaging volume-driven loss. Made little progress into new high territory after it reported Dec '18 earnings +60% on +8% sales revenues. Prior mid-day reports cautioned members - "Prior quarterly sales revenues and earnings history is not a match with the fact-based investment system's guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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CABO
- NYSE - Telecom Svcs-Cable/Satl
Cable One Inc
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$967.98 |
+26.15
2.78%
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$967.98
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$970.00
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-0.21% |
36,488
89.00%
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41,000
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Most Recent Note for CABO - 3/22/2019 12:16:08 PM
Challenging its all-time high with today's volume-driven gain. Earnings increases were above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Dec '18. Prior mid-day reports cautioned members - "Decelerating sales revenues growth and its up and down annual earnings (A criteria) history are fundamental concerns."
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SEC |
News |
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A N
S L
I M
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CODA
- NASDAQ - Aerospace/Defense
Coda Octopus Group Inc
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$10.71 |
-0.55
-4.90%
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$11.10
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$11.80
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-9.21% |
198,085
460.66%
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43,000
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Most Recent Note for CODA - 3/22/2019 12:17:28 PM
Pulling back today, this thinly-traded Aerospace/Defense firm powered to new 52-week highs with impressive volume-driven gains in the past 2 weeks. Reported earnings of 12 cents per share while sales revenues were $5.8 million for the Jan '19 quarter, versus a 2 cent per share loss on $3.1 million in sales for 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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A N
S L
I M
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CTAS
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Cintas Corp
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$194.71 |
-13.41
-6.44%
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$204.01
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$217.34
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-10.41% |
725,245
152.36%
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476,000
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Most Recent Note for CTAS - 3/22/2019 12:23:10 PM
Gapped down and today's damaging volume-driven loss violated its 50 DMA line ($195) while near testing its 200 DMA line ($192). Reported earnings +34% on +6% sales revenues for the Feb '19 quarter, its 4th consecutive quarterly comparison 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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A N
S L
I M
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DRI
- NYSE - LEISURE - Restaurants
Darden Restaurants Inc
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$117.59 |
+1.48
1.27%
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$118.00
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$124.00
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-5.17% |
765,343
65.47%
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1,169,000
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Most Recent Note for DRI - 3/22/2019 12:25:24 PM
Quarterly earnings increases through Feb '19 have not been strong and steady above the +25% minimum guideline (C criteria) and sub par sales revenues growth is a concern. A "negative reversal" was noted on 9/20/18 at its all-time high.
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SEC |
News |
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A N
S L
I M
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HRC
- NYSE - Medical-Systems/Equip
Hill-Rom Holdings Inc
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$105.11 |
-1.99
-1.86%
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$108.68
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$108.10
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-2.77% |
342,999
66.60%
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515,000
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Most Recent Note for HRC - 3/22/2019 12:30:43 PM
There was a "negative reversal" today after gapping up and touching another new all-time high. Last noted with caution in the 1/28/19 - "Reported earnings +12% on +2% sales revenues for the Dec '18 quarter, and prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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A N
S L
I M
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MFGP
- NYSE - Computer Sftwr-Enterprse
Micro Focus Int'l Plc Ads
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$25.52 |
+0.15
0.59%
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$25.83
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$25.55
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-0.12% |
336,579
68.55%
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491,000
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Most Recent Note for MFGP - 3/22/2019 12:31:05 PM
Limited history for this UK-based Computer Software firm. Faces resistance due to overhead supply up to the $36 level.
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A N
S L
I M
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RLGT
- AMEX - Transportation-Logistics
Radiant Logistics Inc
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$5.72 |
-0.12
-2.05%
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$5.87
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$6.48
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-11.73% |
315,142
84.49%
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373,000
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Most Recent Note for RLGT - 3/22/2019 12:32:08 PM
Pulling back from its 52-week high, slumping toward its 50 DMA line. Prior mid-day reports repeatedly cautioned members - "Reported earnings +129% on +26% sales revenues for the Dec '18 quarter, its 3rd strong quarterly comparisons with earnings above the +25% minimum guideline (C criteria). Fundamental concerns remain with respect to its up and down annual earnings (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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A N
S L
I M
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SMMF
- NASDAQ - Banks-Southeast
Summit Financial Group
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$26.15 |
-0.59
-2.21%
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$26.80
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$28.00
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-6.61% |
35,117
184.83%
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19,000
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Most Recent Note for SMMF - 3/22/2019 12:36:43 PM
The 3/20/19 mid-day report cautioned members - "Perched within striking distance of its 52-week high after a deep consolidation below its 200 DMA line in recent months. Thinly traded Bank holding company has resistance remaining due to overhead supply. Reported earnings +28% on +11% sales revenues for the Dec '18 quarter, but prior quarterly comparisons were not strong and stead above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been improving steadily since 2011."
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A N
S L
I M
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SPLK
- NASDAQ - Computer Sftwr-Database
Splunk Inc
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$125.34 |
-7.14
-5.39%
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$132.28
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$143.70
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-12.78% |
1,000,794
57.88%
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1,729,000
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Most Recent Note for SPLK - 3/22/2019 12:43:17 PM
Today's big loss has it undercutting its 50 DMA line ($126.86) which acted as support in recent weeks when enduring distributional pressure. Reversed from its all-time high on 3/01/19 after it reported earnings +41% on +35% sales revenues for the Jan '19 quarter, its 2nd consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings history has been strong.
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VCTR
- NASDAQ - Finance-Investment Mgmt
Victory Capital Hld
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$14.75 |
-0.56
-3.63%
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$15.34
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$15.91
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-7.32% |
64,286
61.22%
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105,000
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Most Recent Note for VCTR - 3/22/2019 12:44:09 PM
Retreating from its all-time high with today's big loss after 3 consecutive volume-driven gains. Held its ground following a gap up and volume-driven gain when the 3/15/19 mid-day report noted - "Reported earnings +12% on -9% sales revenues for the Dec '18 quarter. Fundamental concerns remain. Limited history since its $13 IPO on 2/08/18."
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A N
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I M
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WP
- NYSE - Finance-CrdtCard/PmtPr
Worldpay Inc Cl A
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$110.64 |
+0.36
0.33%
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$111.32
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$112.90
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-2.00% |
2,965,464
86.68%
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3,421,000
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Most Recent Note for WP - 3/22/2019 12:44:18 PM
Gapped up on 3/18/19 hitting a new high on M&A news. Noted with caution in prior mid-day reports - "Reported earnings +15% on -1% sales revenues for the Dec '18 quarter versus the year ago period and fundamental concerns remain."
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YETI
- NYSE - Leisure-Products
Yeti Holdings Inc
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$30.43 |
+1.71
5.96%
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$31.44
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$31.00
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-1.83% |
1,798,995
123.22%
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1,460,000
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Most Recent Note for YETI - 3/22/2019 12:45:27 PM
Hitting yet another new high with today's volume-driven gain, very extended from any sound base. Prior mid-day reports noted - Bullish action came after it reported earnings +375% on +19% sales revenues for the Dec '18 quarter versus the year ago period. Limited history is a concern. Completed its $18 IPO on 10/25/18."
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
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