Mid-Day Breakouts Report - Wednesday, May 8th, 2019

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 8TH, 2019
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DOW 25974.63 9.54 (0.04%) | NASDAQ 7958.73 -5.03 (-0.06%) | S&P 500 2887.52 3.47 (0.12%)

Time of Screening : 5/8/2019 12:19:28 PM Report Released : 5/8/2019 1:25:19 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
ESNT - NYSE Essent Group Ltd	$47.03	-0.19 -0.39%	$47.20	520,040 85.39% of 50 DAV 50 DAV is 609,000	$48.88 -3.80%	3/18/2019	$45.84	PP = $45.06 MB = $47.31
Most Recent Note - 5/8/2019 12:33:03 PM Y - Sputtering since it recently reported earnings +15% on +20% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Found support above its 50 DMA line ($45) reassuringly during the recent consolidation. Faces very little resistance due to overhead supply up to the $50 level. >>> The latest Featured Stock Update with an annotated graph appeared on 4/25/2019. Click here.
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TEAM - NASDAQ Atlassian Corp Plc	$113.91	+3.24 2.93%	$114.58	1,277,590 74.98% of 50 DAV 50 DAV is 1,704,000	$117.06 -2.69%	4/16/2019	$114.77	PP = $116.80 MB = $122.64
Most Recent Note - 5/8/2019 1:25:13 PM Y - Today's 5th consecutive gain has it perched within close striking distance of a best-ever close and new all-time high. A strong close and gain above the pivot point backed by at least +40% above average volume may clinch a convincing technical buy signal. Color code is changed to yellow after rebounding above its 50 DMA line ($109.81). Recently reported earnings +133% on +38% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. >>> The latest Featured Stock Update with an annotated graph appeared on 4/9/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Arbor Realty Trust Inc	$13.09	-0.27 -2.02%	$13.33	$13.94	-6.10%	778,110 78.84%	987,000
Most Recent Note for ABR - 5/8/2019 12:21:42 PM Violated its 50 DMA line ($13.25) with today's 3rd consecutive loss marked by above average volume. This REIT was noted with caution in prior mid-day reports - "Reported earnings +16% on +55% sales revenues for the Dec '18 quarter. Completed a new Public Offering on 11/29/18, as it pulled back into the prior base after hitting new 52-week highs. Reported earnings +48% on +37% sales revenues for the the Sep '18 quarter, its 2nd strong quarterly comparison. Fundamental concerns remain. Erratic earnings history is not a match with the fact-based investment system's guidelines."
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ADES - NASDAQ - CHEMICALS - Specialty Chemicals Advanced Emissions Solutions Inc.	$12.77	+0.31 2.49%	$12.87	$13.52	-5.55%	357,017 189.90%	188,000
Most Recent Note for ADES - 5/8/2019 12:23:14 PM Quarterly and annual earnings history has been erratic.
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ARCE - NASDAQ - Computer Sftwr-Edu/Media Arco Platform Ltd	$35.75	+4.42 14.11%	$37.34	$34.48	3.68%	55,632 85.59%	65,000
Most Recent Note for ARCE - 5/8/2019 12:24:38 PM Hitting a new high with today's big volume-driven gain. Prior mid-day reports cautioned members - "Perched near its all-time high after a spurt of volume-driven gains. Reported earnings +144% on +48% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $17.50 IPO on 9/26/18."
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ATHM - NYSE - Internet-Content Autohome Inc Cl A Ads	$106.10	-4.16 -3.77%	$109.00	$119.50	-11.21%	1,039,224 97.67%	1,064,000
Most Recent Note for ATHM - 5/8/2019 12:27:23 PM This Chinese Internet - Content firm is -11.4% off its all-time high, pulling back near its 50 DMA line ($101.55) with today's 3rd consecutive volume-driven loss. Reported earnings +26% on +17% sales revenues for the Mar '19 quarter, and the past 8 quarterly earnings increases have been above the +25% minimum guideline (C criteria), Went through a deep consolidation below its 200 DMA line and rebounded since noted with caution in the 7/06/18 mid-day report. Has a new CEO as of 6/27/16. Completed its $17 IPO on 12/11/13 and a new Public Offering on 11/20/14.
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$16.88	-2.09 -11.02%	$19.20	$19.13	-11.76%	415,700 358.36%	116,000
Most Recent Note for CODA - 5/8/2019 12:29:38 PM This thinly-traded Aerospace/Defense firm is abruptly retreating today after a parabolic rally into new high territory. Very extended from any sound base, and prior mid-day reports repeatedly cautioned members - "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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FLT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Fleetcor Technologies	$262.27	+13.61 5.47%	$268.35	$261.97	0.11%	516,090 100.02%	516,000
Most Recent Note for FLT - 5/8/2019 12:36:34 PM Traded in a wide intra-day range today at its all-time high. Reported earnings +7% on +6% sales revenues for the Mar '19 quarter, its 3rd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA then rebounded and rose into new high territory since dropped from the Featured Stocks list on 10/19/18.
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FOXF - NASDAQ - Leisure-Products Fox Factory Holding Corp	$73.81	-1.13 -1.51%	$74.80	$79.46	-7.11%	166,928 71.03%	235,000
Most Recent Note for FOXF - 5/8/2019 12:45:04 PM Wedged higher with gains lacking volume conviction after last noted in the 3/13/19 mid-day report. Its 50 DMA line ($71.97) defines important near-term support. Undercut its prior high ($76.77 on 11/19/18) with recent losses. Reported earnings +53% on +25% sales revenues for the Mar '19 quarter, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Completed prior Secondary Offerings on 3/02/17, 11/18/16. 8/10/16, 3/11/16, and 7/11/14.
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IAC - NASDAQ - INTERNET - Content I A C/Interactivecorp	$240.34	+14.69 6.51%	$240.83	$233.39	2.98%	530,131 74.88%	708,000
Most Recent Note for IAC - 5/8/2019 12:49:33 PM Due to report Mar '19 quarterly earnings news after the close. Gapped up today hitting a new all-time high with a big volume-driven gain. Reported strong results in the Mar, Jun, Sep, and Dec '18 quarterly comparisons versus the year ago periods. Up and down annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines.
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ITRI - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Itron Inc	$62.00	-2.93 -4.51%	$64.90	$68.00	-8.82%	308,604 82.51%	374,000
Most Recent Note for ITRI - 5/8/2019 12:52:07 PM Blasted higher on the prior session with a big volume-driven gain following Mar '19 quarterly results. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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LOPE - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Grand Canyon Education	$114.50	-5.23 -4.37%	$119.01	$130.10	-11.99%	651,824 229.52%	284,000
Most Recent Note for LOPE - 5/8/2019 12:53:54 PM Today's considerable volume-driven loss undercut its 50 and 200 DMA lines. Reported earnings +7% on -28% sales revenues for the Mar '19 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria) of the fact-based investment system.
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MCHP - NASDAQ - ELECTRONICS - Semiconductor - Specialized Microchip Tech	$93.77	-0.38 -0.40%	$94.06	$104.20	-10.01%	2,160,316 85.59%	2,524,000
Most Recent Note for MCHP - 5/8/2019 12:57:15 PM Reported Mar '19 earnings +6% on +33% sales revenues. Retreating to its 50 DMA line ($90.98) with today's 3rd consecutive volume-driven loss after wedging up to challenge its all-time high. Three of the past 4 quarterly comparisons showed earning increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been improving after a downturn in FY '12 and then matching results for FY '13.
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MMI - NYSE - Real Estate Dvlpmt/Ops Marcus & Millichap Inc	$37.31	-5.43 -12.70%	$41.95	$43.50	-14.23%	415,154 234.55%	177,000
Most Recent Note for MMI - 5/8/2019 1:01:08 PM Violated its 50 DMA line and undercut its 200 DMA line with today's considerable volume-driven loss, abruptly retreating from its 52-week high. Reported earnings -13% on -8% sales revenues for the Mar '19 quarter, breaking a streak of 4 strong quarters. The 3/29/19 mid-day report last cautioned members - "Annual earnings growth has not been strong and steady (A criteria) so fundamental concerns remain. Completed a Secondary Offering on 3/12/15. Rallied impressively from its $12 IPO on 10/31/13."
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MTCH - NASDAQ - INTERNET - Content Match Group Inc	$68.28	+7.91 13.10%	$68.67	$63.12	8.17%	4,189,490 289.73%	1,446,000
Most Recent Note for MTCH - 5/8/2019 1:09:54 PM Quickly getting extended from any sound base, rallying for new 52-week and all-time highs with today's big volume-driven gain after reporting earnings +62% on +14% sales revenues for the Mar '19 quarter. Earnings fell -22% on +21% sales revenues for the Dec '18 quarter and there were very strong Mar, Jun, and Sep '18 quarterly results above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show its sales revenues growth decelerating while +36%, +29%, +21%, and +14% in the Jun, Sep, Dec '18 and Mar '19 quarters, respectively. Annual earnings history (A criteria) has been strong.
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MTD - NYSE - ELECTRONICS - Scientific & Technical Instrum Mettler Toledo Intl Inc	$742.25	-0.05 -0.01%	$742.48	$762.90	-2.71%	92,680 74.74%	124,000
Most Recent Note for MTD - 5/8/2019 1:11:06 PM Due to report Mar '19 quarterly financial results. Recently wedged up to new multi-year highs. Reported earnings +15% on +5% sales revenues for the Dec '18 quarter and fundamentals remain a concern. Sales revenues and earnings history has not been strong and steady enough to solidly satisfy fundamental guidelines.
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MTG - NYSE - INSURANCE - Surety & Title Insurance M G I C Invt Corp	$14.08	-0.33 -2.29%	$14.42	$14.97	-5.95%	2,668,051 102.46%	2,604,000
Most Recent Note for MTG - 5/8/2019 1:11:48 PM Prior mid-day reports noted - "Reported Mar '19 quarterly earnings +11% on +10% sales revenues, the 2nd consecutive quarter with earnings below the +25% minimum guideline (C criteria). Sub par sales revenues growth history indicates no new product or service (N criteria) in great demand."
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O - NYSE - REAL ESTATE - REIT - Retail Realty Income Corp	$67.17	+0.54 0.81%	$67.80	$74.14	-9.40%	1,618,626 81.58%	1,984,000
Most Recent Note for O - 5/8/2019 1:13:16 PM Gapped down on the prior session and the mid-day report cautioned members - "Reported earnings +4% on +11% sales revenues for the Mar '19 quarter. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria), a flaw with respect to the fact-based investment system."
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PFGC - NYSE - WHOLESALE - Food Wholesale Performance Food Group Co	$38.42	-2.76 -6.70%	$39.70	$41.85	-8.20%	969,205 172.76%	561,000
Most Recent Note for PFGC - 5/8/2019 1:15:57 PM Gapped down today retreating from its all-time high and undercutting the 50 DMA line ($39.42) after reporting earnings +3% on +8% sales revenues for the Mar '19 quarter. Completed 7 Secondary Offerings since its $19 IPO in Oct 2015. Prior quarterly comparisons had sub par earnings improvements and lackluster sales revenues growth.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$141.68	+3.98 2.89%	$142.15	$149.85	-5.45%	437,373 125.32%	349,000
Most Recent Note for RACE - 5/8/2019 1:18:53 PM Reported earnings +11% on +3% sales revenues for the Mar '19 quarter. Rebounding toward its 52-week high with today's 2nd consecutive volume-driven gain. Went through a deep consolidation below its 200 DMA line since noted with caution in the 10/08/18 mid-day report. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and waning sales revenues is a concern, fundamentally. Limited history since its $52 IPO in Oct '15. 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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SBGI - NASDAQ - MEDIA - Broadcasting - TV Sinclair Broadcast Group	$62.60	+1.69 2.77%	$64.41	$66.57	-5.96%	1,613,510 110.21%	1,464,000
Most Recent Note for SBGI - 5/8/2019 1:20:54 PM This Hunt Valley, MD-based Media - Radio/TV firm powered to a new all-time highs with a big volume-driven gain following M&A news on 5/06/19. Reported Mar '19 earnings -45% on +9% sales revenues. Went through a deep consolidation since noted when it completed a new Public Offering in Mar '17. Prior quarters were erratic and so was its annual earnings (A criteria) history. Has a new CEO as of 1/02/17.
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