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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 31ST, 2017
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DOW 21931.34 38.91 (0.18%) | NASDAQ 6423.38 55.07 (0.86%) | S&P 500 2468.88 11.29 (0.46%)
Time of Screening : 8/31/2017 1:08:28 PM         Report Released : 8/31/2017 1:47:14 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 90% 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
Max Buy
OLED - NASDAQ
Universal Display Corp
$128.22 +3.77
3.03%
$128.60 773,449
96.92% of 50 DAV
50 DAV is 798,000
$130.65
-1.86%
8/31/2017 $128.22 PP = $127.78
MB = $134.17
Most Recent Note - 8/31/2017 1:36:59 PM
Y - Color code is changed to yellow with new pivot point cited based on its 7/26/17 high while trying to rally from a 12-week "double bottom" base pattern. Gain backed by at least +40% above average volume and strong close above the pivot point may trigger a technical buy signal. Rebounding further above its 50 DMA line today, challenging prior highs with a 2nd consecutive big volume-driven gain. Very little resistance remains due to overhead supply. Recently reported +115% earnings on +59% sales revenues for the Jun '17 quarter, its 3rd consecutive strong quarter above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's fundamental guidelines. Annual earnings (A criteria) history has been strong.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
BBY - NYSE - RETAIL - Electronics Stores
Best Buy Co Inc
$54.05 -0.14
-0.26%
$54.46 $63.32 -14.64% 3,937,203
98.50%
3,997,000
Most Recent Note for BBY - 8/31/2017 1:10:07 PM
Slumping near its prior low ($52.97 on 7/20/17) today. Gapped down on 8/29/17 for a considerable loss on higher volume violating its 50 DMA line. Noted with caution in the 7/20/17 mid-day report - "Completed a bearish 'island reversal' pattern as it gapped down on 7/20/17 after the 'breakaway gap' for a new all-time high on 5/25/17. Sales revenues growth history is below the guidelines of the fact-based investment system. Annual earning (A criteria) growth has not been strong and steady."
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IXYS - NASDAQ - ELECTRONICS - Semiconductor - Specialized
I X Y S Corp
$22.80 +0.15
0.66%
$22.90 $22.70 0.44% 642,458
125.97%
510,000
Most Recent Note for IXYS - 8/31/2017 1:10:22 PM
Gapped up on 8/28/17 for a considerable gain and new 52-week high on M&A news. Littelfuse, Inc. (LFUS) and IXYS Corporation (IXYS) announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. Prior mid-day reports noted - "Prior quarterly and annual earnings history (C and A criteria) is below the fact-based system's guidelines."

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JP - NYSE - Finance-Investment Mgmt
Jupai Holdings Ltd Ads
$11.45 -0.37
-3.13%
$11.96 $13.37 -14.36% 151,718
91.40%
166,000
Most Recent Note for JP - 8/31/2017 1:10:58 PM
Following an impressive spurt of volume-driven gains it is very extended from prior highs in the $9.50 area. Reported Jun '17 quarterly earnings +150% on +75% sales revenues. Showed strong sales revenues and earnings increases in prior quarters above the +25% minimum earnings guideline (C criteria). Limited and choppy history is a concern since its $9.49 IPO in July 2015.
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KEM - NYSE - ELECTRONICS - Diversified Electronics
Kemet Corp
$23.97 +0.89
3.84%
$24.00 $23.40 2.42% 1,320,554
91.90%
1,437,000
Most Recent Note for KEM - 8/31/2017 1:11:45 PM
Powering into new 52-week high territory, adding to a recent spurt of volume-driven gains, getting very extended from any sound base. Prior mid-day reports noted - "Reported earnings +450% on +48% sales revenues for the Jun '17 quarter. Prior quarters showed sub par sales revenues growth and its annual earnings (A criteria) history has been up and down."
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LFUS - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Littelfuse Inc
$183.46 +1.19
0.65%
$184.90 $188.60 -2.73% 157,593
110.98%
142,000
Most Recent Note for LFUS - 8/31/2017 1:13:30 PM
Found support at its 50 DMA line after recent M&A news. Littelfuse, Inc. (LFUS) and IXYS Corporation (IXYS) announced 8/28/17 that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. Prior mid-day reports noted - "This Electronic - Parts firm reported earnings +46% on +15% sales revenues for the Jun '17 quarter. Three of the past 4 quarterly comparisons have been above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been a great match with the guidelines of the fact-based investment system's guidelines."
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
M G P Ingredients Inc
$55.95 -1.63
-2.83%
$58.03 $62.00 -9.76% 120,567
99.64%
121,000
Most Recent Note for MGPI - 8/31/2017 1:14:10 PM
Pulling back from its all-time high and testing support at its 50 DMA line ($55.50) again today. Prior mid-day reports repeatedly cautioned members - "Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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NCBS - NASDAQ - Banks-Midwest
Nicolet Bankshares Inc
$54.36 +0.90
1.68%
$54.49 $55.83 -2.63% 27,505
125.02%
22,000
Most Recent Note for NCBS - 8/31/2017 1:15:51 PM
Consolidating in a tight range near its 52-week high and near its 50 DMA line. Reported earnings +113% on +46% sales revenues for the Jun '17 quarter but fundamental concerns remain. Prior earnings history has been erratic and not satisfying the C criteria.
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OC - NYSE - Bldg-Constr Prds/Misc
Owens Corning
$73.71 +1.95
2.71%
$74.16 $71.81 2.64% 905,918
102.25%
886,000
Most Recent Note for OC - 8/31/2017 1:20:12 PM
Found support when consolidating near its 50 DMA line and it is rallying to new all-time highs with recent volume-driven gains. Reported earnings -8% on +3% sales revenues for the Jun '17 quarter. Prior sales revenues and earnings growth rate has been sub par and its up and down annual earnings (A criteria) history is not a match with the fact-based investment system.
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RDNT - NASDAQ - Medical-Outpnt/Hm Care
Radnet Inc
$10.60 +0.25
2.42%
$10.65 $10.40 1.92% 255,247
108.16%
236,000
Most Recent Note for RDNT - 8/31/2017 1:39:29 PM
Powering into new high territory with a streak of volume-driven gains. Recently found support near its 50 DMA line and prior highs followed by a big gap up gain on 8/22/17, but prior mid-day reports cautioned members - "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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SNC - NASDAQ - Insurance-Prop/Cas/Titl
State National Companies, Inc
$20.80 +0.01
0.05%
$20.85 $21.51 -3.30% 583,666
104.79%
557,000
Most Recent Note for SNC - 8/31/2017 1:39:58 PM
Holding its ground since a gap up on 7/26/17 for a new all-time high on M&A news. Reported earnings +29% on +20% sales revenues for the Jun '17 quarter but fundamental concerns remain. Prior quarterly and annual earnings history is not a great match with the fact-based investment system's fundamental guidelines.
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USCR - NASDAQ - MATERIALS & CONSTRUCTION - General Building Materials
U S Concrete Inc
$81.00 -0.40
-0.49%
$82.75 $82.55 -1.88% 330,492
132.20%
250,000
Most Recent Note for USCR - 8/31/2017 1:42:22 PM
Powered from below its 50 DMA line and hit a new 52-week high with a considerable gain backed by heavy volume as the prior mid-day report again cautioned members - "Reported earnings +76% on +24% sales revenues for the Jun '17 quarter. Fundamental concerns remain because its prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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WOOF - NASDAQ - DIVERSIFIED SERVICES - Personal Services
V C A Antech Inc
$92.96 -0.01
-0.01%
$92.97 $92.97 -0.01% 399,860
100.22%
399,000
Most Recent Note for WOOF - 8/31/2017 1:42:46 PM
Reported earnings +11% on +20% sales revenues for the Mar '17 quarter. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Holding its ground in a tight range near its all-time high since gapping up on 1/09/17 M&A news with Mars Inc.
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YY - NASDAQ - INTERNET - Content
Joyy Inc
$72.99 +1.90
2.67%
$74.77 $83.00 -12.06% 1,847,369
122.67%
1,506,000
Most Recent Note for YY - 8/31/2017 1:45:31 PM
Found support above its 50 DMA line after slumping from its 52-week high. Completed a new Public Offering on 8/16/17. Very extended from any sound base. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Jun '17 quarterly earnings +53% on +29% sales revenues, its 4th consecutive strong quarterly report above the +25% minimum (C criteria).
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