Mid-Day Breakouts Report - Thursday, May 2nd, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 2ND, 2019
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DOW 26214.74 -215.4 (-0.81%) | NASDAQ 7996.63 -53.01 (-0.66%) | S&P 500 2903.79 -19.94 (-0.68%)

Time of Screening : 5/2/2019 12:17:22 PM Report Released : 5/2/2019 1:22:10 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
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
NOW - NYSE Servicenow Inc	$260.35	-10.05 -3.72%	$269.99	1,478,183 80.60% of 50 DAV 50 DAV is 1,834,000	$273.82 -4.92%	4/22/2019	$242.64	PP = $251.75 MB = $264.34
Most Recent Note - 5/2/2019 1:07:26 PM Y - Color code is changed to yellow after pulling back below its "max buy" level. Bullish action was noted last week after it reported earnings +20% on +34% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns, fundamentally. Prior high ($251.65 on 3/21/19) and its 50 DMA line ($243.78) define near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 4/15/2019. Click here.
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QLYS - NASDAQ Qualys Inc	$91.25	+0.74 0.81%	$95.99	412,291 133.86% of 50 DAV 50 DAV is 308,000	$98.30 -7.18%	5/2/2019	$91.25	PP = $98.40 MB = $103.32
Most Recent Note - 5/2/2019 1:13:52 PM Y - Color code is changed to yellow with pivot point cited still based on its 7/24/18 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported earnings +36% on +16% sales revenues for the Mar '19 quarter, continuing its strong earnings history. Perched near its 52-week and all-time high with today's 3rd consecutive volume-driven gain. Price action was choppy since dropped from the Featured Stocks list on 10/08/18 but fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ANSS - NASDAQ - Computer Sftwr-Design Ansys Inc	$186.48	-6.03 -3.13%	$189.04	$196.44	-5.07%	374,551 89.82%	417,000
Most Recent Note for ANSS - 5/2/2019 12:20:17 PM Gapped down today following a "negative reversal" at its all-time high. Reported earnings +8% on +12% sales revenues for the Mar '19 quarter. The 4 prior quarterly comparisons through Dec '18 had earnings increases above the +25% minimum guideline (C criteria).
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ATAX - NASDAQ - Finance-Mrtg&Rel Svc America First Multfm Inv	$7.11	-0.06 -0.84%	$7.14	$7.24	-1.80%	97,673 78.77%	124,000
Most Recent Note for ATAX - 5/2/2019 12:21:43 PM Powered to new multi-year highs with above average volume behind a streak of consecutive gains. Prior mid-day reports noted - "Quarterly comparisons through Dec '18 have not been strong and steady above the +25% minimum earnings guideline (C criteria)."
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BERY - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Berry Plastics Group Inc	$52.32	-6.43 -10.94%	$54.45	$59.16	-11.56%	4,179,760 275.89%	1,515,000
Most Recent Note for BERY - 5/2/2019 12:24:10 PM Gapped down today for a damaging loss violating its 50 DMA line. Recently wedged higher with gains lacking great volume conviction. Reported Mar '19 quarterly earnings +0% on -1% sales revenues. Last noted with caution in the 3/11/19 mid-day report - "Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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EL - NYSE - CONSUMER NON-DURABLES - Personal Products Estee Lauder Cos Cl A	$168.33	-1.97 -1.16%	$169.66	$180.20	-6.59%	1,092,183 81.14%	1,346,000
Most Recent Note for EL - 5/2/2019 12:26:52 PM There was an ugly "negative reversal" on the prior session after gapping up hitting a new all-time high. Reported earnings +17% on +11% sales revenues for the Mar '19 quarter. Noted with caution in prior mid-day reports -"Prior quarterly comparisons were not a match with the investment system's fundamental guidelines. Quarterly earnings results and sales revenues increases do not solidly meet the fact-based system's guidelines and its annual earnings (A criteria) history has been up and down."
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EVOP - NASDAQ - Finance-CrdtCard/PmtPr Evo Payments Inc	$29.40	+0.02 0.07%	$29.77	$30.65	-4.08%	350,807 85.98%	408,000
Most Recent Note for EVOP - 5/2/2019 12:32:41 PM Encountering distributional pressure after wedging up and touching a new all-time high last week. Reported strong earnings increases in the 5 latest quarterly comparisons through Mar '19 versus the year ago periods, but waning and sub par sales revenues growth is a concern, fundamentally, along with its erratic annual earnings (A criteria) and limited history. Completed its $16 IPO on 5/23/18 and additional Public Offerings on 9/20/18 and 4/03/19.
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FBP - NYSE - BANKING - Foreign Regional Banks First Bancorp Hldg Co	$11.36	+0.15 1.34%	$11.54	$11.94	-4.86%	1,140,183 77.14%	1,478,000
Most Recent Note for FBP - 5/2/2019 12:33:43 PM Hovering near multi-year highs and it found support near its 50 DMA line during its consolidation since noted with caution in the 1/30/19 mid-day report. Earnings were up more than the +25% minimum (C criteria) for the 3 latest quarterly comparisons through Mar '19. Prior quarterly and annual earnings (A criteria) history for this bank has been erratic. It survived but failed to impress since dropped from the Featured Stocks list after noted on 1/04/05.
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FORM - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Formfactor Inc	$16.56	-2.15 -11.49%	$16.93	$19.27	-14.06%	460,078 138.58%	332,000
Most Recent Note for FORM - 5/2/2019 12:36:04 PM Gapped down today violating its 50 DMA line ($16.85). Reported earnings +18% on +12% sales revenues for the Mar '19 quarter. Last noted with caution in the 4/08/19 mid-day report - "Perched at its 52-week high and challenging multi-year highs with recent volume-driven gains. Reported earnings +29% on +7% sales revenues for the Dec '18 quarter. Sequential comparisons had lower sales revenues and earnings versus the year ago periods in the Mar, Jun, and Sep '18 quarters."
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FSS - NYSE - AUTOMOTIVE - Trucks & Other Vehicles Federal Signal Corp	$27.53	-0.99 -3.45%	$28.29	$29.00	-5.09%	280,211 87.29%	321,000
Most Recent Note for FSS - 5/2/2019 12:40:48 PM Reported earnings +30% on +10% sales revenues growth for the Mar '19 quarter, its 8th strong quarterly comparison.Fundamental concerns remain. Annual earnings (A criteria) history has been up and down. Retreating this week with volume-driven losses, encountering distributional pressure after hitting new 52-week and all-time highs with recent gains lacking great volume conviction.
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GPN - NYSE - DIVERSIFIED SERVICES - Business/Management Services Global Payments Inc	$144.23	+0.15 0.11%	$146.35	$147.50	-2.22%	977,805 100.18%	976,000
Most Recent Note for GPN - 5/2/2019 12:43:08 PM Pulling back from a new all-time high this week after wedging higher with gains lacking great volume conviction. Went through a deep consolidation below its 200 DMA line. Reported earnings +19% on +11% sales revenues for the Mar '19 quarter. Prior comparisons had 4 quarters with waning sales revenues versus the year ago periods. Fundamental concerns remain. It has a steady annual earnings history (A criteria).
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$26.69	-2.06 -7.17%	$27.95	$29.01	-8.00%	122,371 143.97%	85,000
Most Recent Note for HCCI - 5/2/2019 12:44:10 PM Noted with caution in prior mid-day reports - "Prior quarterly and annual earnings history is not a great match with the fact-based investment system's fundamental guidelines."
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HRS - NYSE - TELECOMMUNICATIONS - Communication Equipment Harris Corp	$177.55	-2.12 -1.18%	$180.49	$181.48	-2.17%	581,666 75.94%	766,000
Most Recent Note for HRS - 5/2/2019 12:48:55 PM Reported earnings +30% on +11% sales revenues for the Mar '19 quarter. Gapped up on the prior session hitting a new all-time high. Went through a deep consolidation since last noted in the 10/29/18 mid-day report following M&A news. Earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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IPHI - NYSE - Elec-Semicondctor Fablss Inphi Corp	$48.94	+1.13 2.36%	$50.34	$50.42	-2.94%	564,172 86.40%	653,000
Most Recent Note for IPHI - 5/2/2019 12:51:49 PM Challenging its all-time high with today's 3rd consecutive volume-driven gain. Reported strong Mar '19 earnings on a +37% increase in sales revenues versus the year ago period. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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JRVR - NASDAQ - INSURANCE - Property & Casualty Insurance James River Group Holdings, Ltd	$43.40	+1.01 2.38%	$44.25	$43.47	-0.16%	121,277 98.60%	123,000
Most Recent Note for JRVR - 5/2/2019 12:54:54 PM Hitting a new 52-week high today and within close striking distance of its all-time high with today's 3rd consecutive volume-driven gain. Waning sales revenues and its erratic annual earnings (A criteria) history are concerns, fundamentally.
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MRCY - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Mercury Systems Inc	$71.75	-2.41 -3.25%	$74.61	$79.83	-10.12%	301,915 82.27%	367,000
Most Recent Note for MRCY - 5/2/2019 1:00:52 PM Pulling back today after hitting new all-time highs with 3 consecutive volume-driven gains. Prior highs in the $67 area define initial support above its 50 DMA line ($65.06). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings earnings +67% on +50% sales revenues for the Mar '19 quarter. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's fundamental guidelines. Annual earnings (A criteria) growth has been great after a downturn and loss in FY '13. Completed new Public Offerings on 1/26/17 and 4/07/16.
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MTRN - NYSE - METALS & MINING - Industrial Metals & Minerals Materion Corp	$67.74	+9.61 16.53%	$71.89	$65.10	4.06%	276,157 248.79%	111,000
Most Recent Note for MTRN - 5/2/2019 1:03:12 PM Gapped up today hitting a new all-time high. Reported earnings +61% on -1% sales revenues for the Mar '19 quarter. Prior 4 quarterly comparisons were also above the +25% minimum earnings guideline (C criteria). Prior mid-day reports cautioned members - "Sub par sales revenues growth and its up and down annual earnings history (A criteria) remain concerns."
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NICE - NASDAQ - Computer Sftwr-Security Nice Ltd Adr	$132.06	-3.59 -2.65%	$135.91	$140.29	-5.87%	162,058 89.53%	181,000
Most Recent Note for NICE - 5/2/2019 1:04:03 PM This Israel-based Computer Software - Security firm is pulling back from its all-time high after an impressive streak of volume-driven gains. Noted with caution repeatedly in prior mid-day reports - "Reported earnings +9% on +5% sales revenues for the Dec '18 quarter, and fundamental concerns remain. Prior quarterly earnings history is not a good match with the C criteria."
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PH - NYSE - MANUFACTURING - Industrial Equipment & Compone Parker-Hannifin Corp	$172.76	-7.23 -4.02%	$176.00	$193.19	-10.58%	818,762 95.54%	857,000
Most Recent Note for PH - 5/2/2019 1:09:09 PM This giant machinery firm gapped down today and violated its 50 DMA line ($177) after reporting earnings +13% on -2% sales revenues for the quarter ended Mar 31, 2019 versus the year ago period. Prior mid-day reports cautioned members - "Prior quarterly comparisons were stronger. Its up and down annual earnings history (A criteria) remains a concern, fundamentally."
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ROG - NYSE - CONSUMER NON-DURABLES - Rubber & Plastics Rogers Corp	$192.62	+1.80 0.94%	$197.95	$206.43	-6.69%	148,897 84.12%	177,000
Most Recent Note for ROG - 5/2/2019 1:15:18 PM Gapped up on the prior session hitting new all-time highs. Reported earnings +25% on +12% sales revenues for the Mar '19 quarter. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines. It was dropped from the Featured Stocks list on 2/08/18 and went through a deep consolidation.
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SACH - AMEX - Finance-Mortgage REIT Sachem Capital Corp	$4.48	-0.07 -1.61%	$4.56	$4.85	-7.70%	137,620 81.92%	168,000
Most Recent Note for SACH - 5/2/2019 1:16:31 PM Violating its 50 DMA line ($4.53) with today's 4th consecutive loss. Reported earnings -8% for the Dec '18 quarter versus the year ago period. Fundamental concerns remain and prior mid-day reports repeatedly cautioned members - "Limited history for this REIT since its $5 IPO in Feb '17. Minuscule quarterly sales revenues in the $3 million area leave fundamental concerns."
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TPL - NYSE - Real Estate Dvlpmt/Ops Texas Pacific Land Trust	$810.00	+8.38 1.05%	$826.91	$915.66	-11.54%	12,937 80.86%	16,000
Most Recent Note for TPL - 5/2/2019 1:16:56 PM Reported earnings +222% on +219% sales revenues for the Mar '19 quarter. Abruptly retreated from its all-time high with volume-driven losses testing its 50 DMA line ($794) which defines important support. Encountering distributional pressure since noted with caution in the 4/12/19 mid-day report - "It did not form a sound base. Went through a deep consolidation below its 200 DMA line since noted on 10/22/18 when dropped from the Featured Stocks list. Reported earnings +117% on +133% sales revenues for the Dec '18 quarter continuing its strong earnings track record."
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ULTI - NASDAQ - INTERNET - Internet Software & Services Ultimate Software Group	$331.36	+0.09 0.03%	$331.41	$365.86	-9.43%	803,591 141.23%	569,000
Most Recent Note for ULTI - 5/2/2019 1:17:09 PM Holding its ground in a tight range since a gap up on 2/04/19 after M&A news and as it reported earnings +76% on +21% sales revenues for the Dec '18 quarter, continuing its strong earnings track record. Went through a deep consolidation below its 200 DMA line since noted with caution in the 10/08/18 mid-day report - "Reported earnings +43% on +21% sales revenues for the Jun '18 quarter. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria)."
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VMC - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Vulcan Materials Co	$128.48	+4.72 3.81%	$129.76	$133.59	-3.83%	976,014 88.57%	1,102,000
Most Recent Note for VMC - 5/2/2019 1:18:14 PM Reported earnings +5% on +17% sales revenues for the Mar '19 quarter. Recent quarterly comparisons through Dec '18 showed strong earnings increases above the +25% minimum guideline (C criteria) but with sub par sales revenues growth. Quarterly sales revenues increases should be +18% to +25% or more and are better if accelerating over prior quarters.
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XYL - NYSE - Machinery-Tools & Rel Xylem Inc	$78.36	-4.93 -5.92%	$79.50	$84.41	-7.17%	1,324,822 173.41%	764,000
Most Recent Note for XYL - 5/2/2019 1:19:31 PM Gapped down today and violated its 50 DMA line with a 3rd consecutive volume-driven loss after wedging to a new all-time high. Through Mar '19 its 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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YETI - NYSE - Leisure-Products Yeti Holdings Inc	$31.12	-2.80 -8.25%	$33.35	$36.60	-14.97%	2,878,182 180.34%	1,596,000
Most Recent Note for YETI - 5/2/2019 1:22:04 PM Abruptly retreating from its all-time high with today's 2nd consecutive big volume-driven loss. Reported very strong earnings on +15% sales revenues for the Mar '19 quarter versus the year ago period. 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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