Mid-Day Breakouts Report - Thursday, May 23rd, 2019

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 23RD, 2019
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DOW 25387.08 -389.53 (-1.51%) | NASDAQ 7613.24 -137.6 (-1.78%) | S&P 500 2818.46 -37.81 (-1.32%)

Time of Screening : 5/23/2019 12:07:31 PM Report Released : 5/23/2019 12:54:15 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...

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
NXST - NASDAQ Nexstar Broadcasting Grp	$102.60	-1.33 -1.28%	$104.10	403,972 81.45% of 50 DAV 50 DAV is 496,000	$119.93 -14.45%	5/1/2019	$115.33	PP = $120.03 MB = $126.03
Most Recent Note - 5/23/2019 12:37:34 PM G - Slumping further below its 50 DMA line ($110) and raising greater concerns. A rebound above the 50 DMA line is needed for its outlook to improve. Reported earnings +14% on +2% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/21/2019. Click here.
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QLYS - NASDAQ Qualys Inc	$90.43	+0.28 0.31%	$90.57	237,008 74.77% of 50 DAV 50 DAV is 317,000	$98.30 -8.01%	5/23/2019	$90.43	PP = $98.40 MB = $103.32
Most Recent Note - 5/23/2019 12:45:09 PM Y - Color code is change to yellow while subsequent volume-driven gains above the pivot point are needed to trigger a technical buy signal. Its Relative Strength Rating has improved to 88, above the 80+ minimum guideline for buy candidates. Found support near its 50 DMA line ($85.28) after encountering distributional pressure in recent weeks and dropped from the Featured Stocks list on 5/13/19. Met stubborn resistance in the $97-98 area. Reported earnings +36% on +16% sales revenues for the Mar '19 quarter, continuing its strong earnings history. >>> The latest Featured Stock Update with an annotated graph appeared on 5/2/2019. Click here.
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SPLK - NASDAQ Splunk Inc	$130.10	-6.02 -4.42%	$134.16	999,417 74.47% of 50 DAV 50 DAV is 1,342,000	$143.70 -9.46%	5/22/2019	$136.52	PP = $143.80 MB = $150.99
Most Recent Note - 5/23/2019 12:47:52 PM G - Due to report earnings news after the close today. Volume and volatility often increase near earnings news. Color code is changed to green after slumping below its 50 DMA line with today's big loss. Finished with a loss on higher volume after highlighted in yellow with new pivot point cited based on its 3/01/19 high plus 10 cents in the prior mid-day report. Subsequent volume-driven gains above the pivot point are needed to trigger a technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/22/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARCE - NASDAQ - Computer Sftwr-Edu/Media Arco Platform Ltd	$36.05	-0.19 -0.52%	$36.60	$40.00	-9.88%	63,496 92.02%	69,000
Most Recent Note for ARCE - 5/23/2019 12:11:20 PM Reported earnings -40% on -12% sales revenues for the Mar '19 quarter. Prior quarterly comparisons were not strong and steady above 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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BRC - NYSE - CHEMICALS - Specialty Chemicals Brady Corporation Cl A	$45.47	-0.52 -1.13%	$47.00	$50.12	-9.28%	174,873 81.34%	215,000
Most Recent Note for BRC - 5/23/2019 12:12:12 PM Prior earnings and sales revenues growth history is not a match with the fact-based investment system's fundamental guidelines.
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CAE - NYSE - MANUFACTURING - Farm & Construction Machinery C A E Inc	$25.15	-0.57 -2.22%	$25.42	$27.42	-8.28%	134,933 77.55%	174,000
Most Recent Note for CAE - 5/23/2019 12:12:47 PM Pulling back today for a 4th volume-driven loss in a row after spiking to a new high with a big volume-driven gain on 5/17/19. Reported earnings +48% on +42% sales revenues for the Mar '19 quarter. Prior quarterly and annual earnings (C and A criteria) history has been below the guidelines of the fact-based investment system.
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CPRT - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Copart Inc	$69.46	+4.67 7.20%	$70.47	$67.54	2.84%	1,898,627 154.99%	1,225,000
Most Recent Note for CPRT - 5/23/2019 12:14:57 PM Gapped up today and rallied for a new all-time high. Reported earnings +27% on +16% sales revenues news for the Apr '19 quarter. Prior mid-day reports noted - "Reported earnings +11% on +6% sales revenues for the Jan '19 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '13."
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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$149.26	-0.83 -0.55%	$151.43	$159.75	-6.57%	496,326 114.36%	434,000
Most Recent Note for DECK - 5/23/2019 12:19:37 PM Consolidating near its 50 DMA line ($148.44) and due to report earnings news after today's close. The 5/21/19 mid-da report noted - "Reported earnings +33% on +8% sales revenues for the Dec '18 quarter versus the year ago period. Fundamental concerns remain. On 4/29/11 it was dropped from the Featured Stocks list."
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ERIE - NASDAQ - INSURANCE - Property & Casualty Insurance Erie Indemnity Co	$206.63	+0.14 0.07%	$208.00	$209.33	-1.29%	102,191 78.61%	130,000
Most Recent Note for ERIE - 5/23/2019 12:20:30 PM Extended from the prior base after volume-driven gains. Prior mid-day reports repeatedly 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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FAST - NASDAQ - RETAIL - Home Improvement Stores Fastenal Co	$31.52	-0.62 -1.93%	$32.72	$35.94	-12.30%	1,594,559 75.50%	2,112,000
Most Recent Note for FAST - 5/23/2019 12:21:58 PM Slumping further below its 50 DMA line. Reported +31% earnings on +10% sales revenues for the quarter ended March 31, 2019 versus the year ago period, marking the 3rd quarterly comparison above the +25% minimum (C criteria). Small downturn in FY '16 earnings was noted as a flaw with respect to the A criteria.
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FLY - NYSE - Comml Svcs-Leasing Fly Leasing Ltd	$16.45	-0.19 -1.17%	$16.62	$17.13	-4.00%	103,515 70.42%	147,000
Most Recent Note for FLY - 5/23/2019 12:23:04 PM Pulling back after a streak of volume-driven gains challenging its 2013 high. Prior mid-day reports cautioned members - "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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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$92.75	+6.62 7.69%	$92.76	$90.21	2.82%	67,513 210.98%	32,000
Most Recent Note for FSV - 5/23/2019 12:26:29 PM Gapped up today following M&A news, rebounding above its 50 DMA line and rallying for a new all-time high. Prior mid-day reports noted - "Mar '19 quarterly earnings increased +20% on +14% sales revenues, and prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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HDB - NYSE - BANKING - Foreign Regional Banks H D F C Bank Ltd Adr	$119.70	-3.01 -2.45%	$119.98	$124.55	-3.89%	423,049 64.59%	655,000
Most Recent Note for HDB - 5/23/2019 12:27:54 PM Gapped down today retreating from its 52-week high. The 5/20/19 mid-day report noted - "Reported earnings +39% on +15% sales revenues for the Mar '19 quarter but fundamental concerns remain. Prior quarterly earnings growth has been below the +25% minimum earnings guideline (C criteria). This India-based financial institution was dropped from the Featured Stocks list on 1/17/08. Completed a new Public Offering on 2/05/15."
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IAC - NASDAQ - INTERNET - Content I A C/Interactivecorp	$222.72	-3.70 -1.63%	$226.37	$242.86	-8.29%	484,090 62.87%	770,000
Most Recent Note for IAC - 5/23/2019 12:29:45 PM Churning above average volume in recent weeks but making no meaningful price progress above prior highs, action indicative of distributional pressure. Reported Mar '19 quarterly earnings +28% on +11% sales revenues versus the year ago period. Sequential quarterly comparisons versus the year ago periods show worrisome deceleration in its sales revenues and earnings growth rates. 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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MRCY - NASDAQ - TELECOMMUNICATIONS - Communication Equipment Mercury Systems Inc	$68.39	-2.57 -3.62%	$68.54	$79.83	-14.33%	2,733,054 660.16%	414,000
Most Recent Note for MRCY - 5/23/2019 12:32:23 PM Gapped down today and undercut its 50 DMA line after pricing a new Public Offering. Pulled back from its all-time high after proposing the new Public Offering, Prior mid-dat reports noted - "Slumping toward prior highs in the $67 area defining support along with its 50 DMA line ($68.31). 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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MSI - NYSE - TELECOMMUNICATIONS - Communication Equipment Motorola Solutions Inc	$153.54	+0.91 0.60%	$153.55	$152.99	0.36%	637,360 70.90%	899,000
Most Recent Note for MSI - 5/23/2019 12:34:36 PM Rallied to a new 52-week high with a volume-driven gain on the prior session. Found prompt support near its 50 DMA line ($143) during the recent consolidation. Prior mid-day reports noted - "Reported earnings +16% on +13% sales revenues for the Mar '19 quarter, breaking a streak of 4 consecutive quarters above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a downturn in FY 14, making it not a great match with the fact-based investment system's fundamental guidelines."
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NVR - NYSE - MATERIALS & CONSTRUCTION - Residential Construction N V R Inc	$3,210.98	-35.80 -1.10%	$3,249.78	$3,381.98	-5.06%	14,029 61.00%	23,000
Most Recent Note for NVR - 5/23/2019 12:35:51 PM Still faces resistance due to overhead supply up to the $3700 level. Last noted in the 4/22/19 mid-day report - "Reported earnings +21% on +11% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong since a downturn in FY '11 caused concerns."
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PAYS - NASDAQ - Finance-CrdtCard/PmtPr Paysign Inc	$10.72	+0.64 6.39%	$10.80	$10.25	4.63%	498,219 139.17%	358,000
Most Recent Note for PAYS - 5/23/2019 12:38:28 PM Hitting yet another new 52-week high with today's 6th consecutive gain backed by above average volume. Found support near its 50 DMA line during the recent consolidation. Changed its name from TriplePoint Venture Growth BDC Corp (TPNL). Prior mid-day reports cautioned members - "Limited history is a concern for this company hailing from the Finance - Credit Card/Payment Processing industry group."
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$51.98	+0.26 0.50%	$52.48	$56.64	-8.23%	3,223,518 60.06%	5,367,000
Most Recent Note for TJX - 5/23/2019 12:48:48 PM Testing support at its 200 DMA line. Prior mid-day reports noted - "Reported Apr '19 earnings +46% on +7% sales revenues. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria)."
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TTC - NYSE - MANUFACTURING - Small Tools & Accessories Toro Co	$67.09	-3.44 -4.88%	$69.90	$75.13	-10.70%	246,319 62.84%	392,000
Most Recent Note for TTC - 5/23/2019 12:50:22 PM Slumping badly today after reporting Apr '19 earnings -3% on +10% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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TTEK - NASDAQ - DIVERSIFIED SERVICES - Technical Services Tetra Tech Inc	$66.76	-1.28 -1.88%	$68.20	$72.56	-7.99%	180,952 68.28%	265,000
Most Recent Note for TTEK - 5/23/2019 12:51:33 PM Reported earnings +30% on +3% sales revenues for the Mar '19 quarter, but fundamental concerns remain. Prior mid-day reports noted - "Sales revenues and earnings increases for this Pollution Control - Services firm have been below the +25%* guideline."*
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WWD - NASDAQ - MANUFACTURING - Diversified Machinery Woodward Inc	$111.56	-1.94 -1.71%	$112.83	$114.55	-2.61%	323,255 78.27%	413,000
Most Recent Note for WWD - 5/23/2019 12:54:07 PM Hovering near its all-time high, extended from an sound base. patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. It found support above its 50 DMA line during a prior consolidation. Reported earnings +71% on +38% sales revenues for the quarter ended March 31, 2019 versus the year ago period, its 5th consecutive quarterly earnings increase above the +25% minimum earnings (C criteria) guideline. Annual earnings history has been slow and steady.
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