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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 16TH, 2019
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DOW 25926.28 278.26 (1.08%) | NASDAQ 7930.34 108.19 (1.38%) | S&P 500 2888.29 37.33 (1.31%)
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Time of Screening :
5/16/2019 11:38:41 AM Report Released :
5/16/2019 12:21:57 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 |
Max Buy |
EPAM
- NYSE
Epam Systems Inc
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$173.23
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+2.19
1.28%
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$173.23
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206,456 58.16% of 50 DAV
50 DAV is 355,000
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$180.55 -4.05%
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5/9/2019 |
$169.25
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PP = $180.55 MB = $189.58 |
Most Recent Note - 5/16/2019 11:47:16 AM
Y - Posting a 3rd consecutive gain with above average volume today and a rebound above its 50 DMA line ($170) helped its outlook improve. Reported earnings +34% on +23% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/9/2019. Click here.
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A N
S L
I M
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NOW
- NYSE
Servicenow Inc
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$280.07
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+6.11
2.23%
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$280.98
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1,933,574 108.32% of 50 DAV
50 DAV is 1,785,000
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$276.43 1.32%
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4/22/2019 |
$242.64
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PP = $251.75 MB = $264.34 |
Most Recent Note - 5/16/2019 11:54:39 AM
G - Hitting a new all-time high today. Bullish action was noted 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 ($250) 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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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 |
CSCO
- NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev
Cisco Systems Inc
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$55.84 |
+3.40
6.48%
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$55.84
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$57.53
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-2.94% |
19,827,019 100.34%
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19,760,000
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Most Recent Note for CSCO - 5/16/2019 11:42:00 AM
Gapped up and rallied above its 50 DMA line. Fundamentals (C criteria) remain a concern.
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A N
S L
I M
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CYBR
- NASDAQ - COMPUTER SOFTWARE and SERVICES - Security Software and Services
Cyber-Ark Software Ltd
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$132.00 |
+5.88
4.66%
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$132.93
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$133.49
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-1.12% |
726,977 81.14%
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896,000
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Most Recent Note for CYBR - 5/16/2019 11:43:49 AM
Tested support at its 50 DMA line and it remains perched near its all-time high. Reported earnings +75% on +34% sales revenues for the Mar '19 quarter, its 4th strong quarter. Fundamental concerns were noted due to its up and down annual earnings history (A criteria) since its $16 IPO on 9/24/14. This Israel-based Computer Software - Security firm completed a new Public Offering on 6/10/15 after a Secondary Offering on 3/11/15.
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DSGX
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Descartes Systems Group
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$40.48 |
+0.31
0.77%
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$40.59
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$40.98
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-1.22% |
118,271 97.74%
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121,000
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Most Recent Note for DSGX - 5/16/2019 11:45:42 AM
Hovering near its 52-week high.Noted in prior mid-day reports - "Rebounded impressively from a deep consolidation below its 200 DMA line. Reported Jan '19 quarterly earnings +11% on +12% sales revenues, and fundamental concerns remain. Prior quarterly earnings (C criteria) are not a match with the fact-based investment system."
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ERIE
- NASDAQ - INSURANCE - Property & Casualty Insurance
Erie Indemnity Co
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$205.00 |
+4.76
2.38%
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$206.31
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$209.33
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-2.07% |
95,133 80.62%
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118,000
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Most Recent Note for ERIE - 5/16/2019 11:48:48 AM
Extended from the recent base with today's 3rd consecutive gain. The 5/15/19 mid-day report cautioned members - "This Insurance - Brokers firm reported earnings +14% on +4% sales revenues for the Mar '19 quarter, the 2nd consecutive quarter below 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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FLY
- NYSE - Comml Svcs-Leasing
Fly Leasing Ltd
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$15.60 |
+0.17
1.10%
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$15.65
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$15.60
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0.00% |
80,121 60.70%
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132,000
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Most Recent Note for FLY - 5/16/2019 11:49:48 AM
Gains this week challenged multi-year highs. Recent quarterly comparisons through Mar '19 showed very strong earnings increases, but this Ireland-based firm in the aircraft leasing business has a prior history that has been erratic. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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IPHI
- NYSE - Elec-Semicondctor Fablss
Inphi Corp
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$45.30 |
-6.17 -11.99%
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$48.42
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$51.83
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-12.60% |
2,267,998 332.06%
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683,000
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Most Recent Note for IPHI - 5/16/2019 11:51:36 AM
Gapped down and violated its 50 DMA line with today's big loss, retreating from its all-time high. The 5/02/19 mid-day report cautioned members - "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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NICE
- NASDAQ - Computer Sftwr-Security
Nice Ltd Adr
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$141.73 |
+8.54
6.41%
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$142.10
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$140.29
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1.03% |
272,201 148.74%
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183,000
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Most Recent Note for NICE - 5/16/2019 11:53:37 AM
This Israel-based Computer Software - Security firm gapped up today and rallied for a new all-time high. Reported earnings +22% on +12% sales revenues for the Mar '19 quarter. 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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OTEX
- NASDAQ - INTERNET - Internet Software & Services
Open Text Corp
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$40.31 |
+0.38
0.95%
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$40.41
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$40.49
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-0.44% |
537,429 116.83%
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460,000
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Most Recent Note for OTEX - 5/16/2019 11:55:09 AM
Reported earnings +19% on +5% sales revenues for the Mar '19 quarter and fundamental concerns remain, Sub par sales revenues growth and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Choppy action continued since dropped from the Featured Stocks list on 2/02/15.
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PAGS
- NYSE - Finance-CrdtCard/PmtPr
Pagseguro Digital Cl A
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$30.86 |
+2.76
9.82%
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$30.87
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$36.07
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-14.44% |
1,555,051 69.36%
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2,242,000
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Most Recent Note for PAGS - 5/16/2019 11:57:51 AM
Rebounding above its 50 DMA line but it faces resistance due to overhead supply up to the $39 level. Limited history for this Brazil-based firm is a concern. Completed its $21.50 IPO on 1/24/18.
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PANW
- NYSE - Computer Sftwr-Security
Palo Alto Networks
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$222.41 |
+2.66
1.21%
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$223.53
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$260.63
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-14.66% |
868,218 80.24%
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1,082,000
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Most Recent Note for PANW - 5/16/2019 11:59:23 AM
Sputtering below its downward sloping 50 DMA line, and a rebound above the 50 DMA line ($241) is needed for its outlook to improve. Fundamentals remain strong. Recently violated prior lows in the $230-231 area as broader market weakness (M criteria) raised greater concerns and it was dropped from the Featured Stocks list on 5/13/19.
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PCTY
- NASDAQ - Computer Sftwr-Enterprse
Paylocity Holding Corp
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$102.32 |
+5.64
5.83%
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$102.40
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$99.80
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2.52% |
342,355 114.12%
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300,000
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Most Recent Note for PCTY - 5/16/2019 12:06:24 PM
Reported earnings +207% on +23% sales revenues for the Mar '19 quarter, marking its 3rd comparison above the +25% minimum earnings guideline (C criteria). Hitting a new 52-week high with above average volume behind today's 3rd consecutive gain. Found support above its 50 DMA line during the prior consolidation. There was a downturn in FY '18 earnings (A criteria), a flaw with respect to the fact-based investment system's fundamental guidelines.
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TRNS
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Transcat Inc
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$24.16 |
-0.05 -0.21%
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$24.35
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$25.35
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-4.69% |
13,691 80.54%
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17,000
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Most Recent Note for TRNS - 5/16/2019 12:07:03 PM
Consolidating near its all-time high. Found support near its 50 DMA line in recent weeks. Prior mid-day reports cautioned members - "Reported Dec '18 earnings +0% on +1% sales revenues. Prior quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history and sub par sales revenues growth rate is not a great match with the fact-based investment system's guidelines."
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TTD
- NASDAQ - Comml Svcs-Advertising
The Trade Desk Inc Cl A
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$207.57 |
+7.69
3.85%
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$208.37
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$232.70
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-10.80% |
1,152,509 70.53%
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1,634,000
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Most Recent Note for TTD - 5/16/2019 12:20:54 PM
Patient investors may watch for a new base to be noted and for a follow-through day from the broader market (M criteria). Rebound above the 50 DMA line ($204) is helping its outlook improve with today's 3rd consecutive gain. Showing resilience aince dropped from the Featured Stocks list on 5/13/19 amid widespread market weakness (M criteria). Reported earnings +44% on +41% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
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VEEV
- NYSE - Computer Sftwr-Medical
Veeva Systems Inc Cl A
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$145.28 |
+2.68
1.88%
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$145.70
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$145.23
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0.03% |
644,540 58.92%
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1,094,000
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Most Recent Note for VEEV - 5/16/2019 12:21:48 PM
Reported earnings +88% on +25% sales revenues for the Jan '19 quarter. Hovering at its all-time high today. Patient investors may watch for a pullback, new base, or secondary buy point to possibly develop and be noted in the weeks ahead. Made steady progress and stubbornly held its ground since noted in the 1/15/19 mid-day report - "Rebounded above its 50 DMA line with a streak of gains. Reported earnings rose +80% on +27 sales revenues for the Oct '18 quarter, marking its 3rd strong quarter with earnings above the +25% minimum guideline (C criteria). Progress has been choppy since dropped from the Featured Stocks list on 9/21/17."
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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.
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