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 MIDDAY BREAKOUTS REPORT - MONDAY, SEPTEMBER 24TH, 2018
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DOW 26565.48 -178.02 (-0.67%) | NASDAQ 7974.62 -12.34 (-0.15%) | S&P 500 2917.74 -11.93 (-0.41%)
Time of Screening : 9/24/2018 11:59:10 AM         Report Released : 9/24/2018 12:39:24 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
Max Buy
OSBC - NASDAQ
Old Second Bancorp Inc
$15.38 -0.18
-1.13%
$15.75 51,000
61.45% of 50 DAV
50 DAV is 83,000
$16.30
-5.67%
9/24/2018 $15.38 PP = $16.40
MB = $17.22
Most Recent Note - 9/24/2018 12:33:59 PM
Y - Color code is changed to yellow and a new pivot point is cited based on its 7/26/18 high plus 10 cents while building a new base, consolidating above its 50 DMA line ($15.29). Prior lows and its 200 DMA line define additional near-term support. Its Relative Strength Rating is 78, below the 80+ minimum guideline for buy candidates. Met stubborn resistance after hitting a new high on 7/26/18 with a big volume-driven gain. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2018. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ABMD - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Abiomed Inc
$408.70 +23.82
6.19%
$413.76 $450.93 -9.37% 409,159
66.97%
611,000
Most Recent Note for ABMD - 9/24/2018 12:02:26 PM
Rebounding above its 50 DMA line ($387). Faces resistance due to overhead supply up to the $450 area while rebounding toward its all-time high. Reported Jun '18 quarterly earnings +73% on +36% sales revenues. The past 7 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Downturn in FY '14 annual earnings (A criteria) history is a concern, but growth rate afterward has been great.
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ABT - NYSE - DRUGS - Drug Manufacturers - Major
Abbott Laboratories
$71.26 +2.21
3.20%
$71.68 $69.25 2.90% 4,651,119
95.06%
4,893,000
Most Recent Note for ABT - 9/24/2018 12:03:55 PM
Gapped up today hitting a new all-time high. Reported earnings +18% on +17% sales revenues for the Jun '18 quarter versus the year ago period. Prior quarterly comparisons versus the year ago periods were below the +25% minimum guideline (C criteria).
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AMRC - NYSE - ENERGY - Alternative
Ameresco Inc Cl A
$13.65 +0.25
1.87%
$13.80 $15.35 -11.07% 66,323
60.85%
109,000
Most Recent Note for AMRC - 9/24/2018 12:06:05 PM
Sputtering since recently violating its 50 DMA line ($13.79). Noted with caution in prior mid-day reports - "Reported earnings +38% on +18% sales revenues for the Jun '18 quarter. Prior earnings history is not a great match with the fact-based investment system's guidelines."
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BHBK - NASDAQ - Banks-Northeast
Blue Hills Bancorp Inc
$25.00 -0.25
-0.99%
$25.35 $25.80 -3.10% 229,584
263.89%
87,000
Most Recent Note for BHBK - 9/24/2018 12:07:20 PM
Gapped up for a new all-time high on M&A news on the prior session. Reported strong earnings increases in the Mar and Jun '18 quarters. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria) and sales revenues growth waned.
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CNXN - NASDAQ - WHOLESALE - Electronics Wholesale
P C Connection Inc
$39.40 -0.26
-0.66%
$39.85 $43.05 -8.48% 42,922
59.61%
72,000
Most Recent Note for CNXN - 9/24/2018 12:10:21 PM
There was a "negative reversal" on 9/17/18 after hitting a new 52-week high when last noted with caution in the mid-day report - "Sales revenues growth and earnings (C and A criteria) track record is not a match with the fact-based investment system's guidelines."
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DRI - NYSE - LEISURE - Restaurants
Darden Restaurants Inc
$112.88 -0.01
-0.01%
$113.69 $124.00 -8.97% 820,141
70.95%
1,156,000
Most Recent Note for DRI - 9/24/2018 12:12:14 PM
There was a "negative reversal" on 9/20/18 after hitting a new all-time high, and it is testing its 50 DMA line. Quarterly earnings increases through Aug '18 have not been strong and steady above the +25% minimum guideline (C criteria) and sub par sales revenues growth is a concern.
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DVMT - NYSE - COMPUTER HARDWARE - Computer Peripherals
Dell Technologies Inc
$95.18 -1.02
-1.06%
$96.28 $99.02 -3.88% 942,144
70.15%
1,343,000
Most Recent Note for DVMT - 9/24/2018 12:15:54 PM
Trading near its 50 DMA line ($95) and perched near its all-time high. Reported +17% earnings on +18% sales revenues for the Jul '18 quarter, Went though a deep consolidation and rebounded impressively since last noted in the 1/26/18 mid-day report - "Prior sales revenues growth and earnings history is not a match with the fact-based investment system's fundamental guidelines."
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ECHO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Echo Global Logistics
$32.63 -2.98
-8.36%
$35.55 $36.75 -11.22% 302,296
70.80%
427,000
Most Recent Note for ECHO - 9/24/2018 12:17:53 PM
Pulling back from its 52-week high and violating its 50 DMA line with today's big volume-driven loss. Last noted in the 7/30/18 mid-day report - "Reported +155% earnings on +35% sales revenues for the Jun '18 quarter, its 3rd strong quarter. Up and down annual earnings history is a flaw concerning the A criteria. Completed a new Public Offering on 4/29/15."
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EW - NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Edwards Lifesciences Cp
$163.46 +9.78
6.36%
$165.97 $156.87 4.20% 1,778,034
151.32%
1,175,000
Most Recent Note for EW - 9/24/2018 12:19:39 PM
Gapped up hitting a new all-time high with today's 4th consecutive volume-driven gain. Fundamental concerns remain after it reported earnings +15% on +12% sales revenues for the Jun '18 quarter, below the +25% minimum earnings guideline (C criteria).
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FTV - NYSE - Machinery-Gen Industrial
Fortive Corp
$86.31 -0.67
-0.77%
$87.33 $88.34 -2.30% 5,392,743
122.56%
4,400,000
Most Recent Note for FTV - 9/24/2018 12:20:23 PM
Extended from any sound base and perched at its all-time high after an impressive streak of volume-driven gains. The Mar and Jun '18 quarters had earnings increases above the +25% minimum guideline (C criteria), but prior quarterly comparisons were sub par.
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GMED - NYSE - CHEMICALS - Specialty Chemicals
Globus Medical Inc Cl A
$54.23 +0.13
0.24%
$54.66 $57.55 -5.77% 322,886
68.99%
468,000
Most Recent Note for GMED - 9/24/2018 12:22:06 PM
Making its 2nd consecutive mid-day report appearance rallying from support at its 50 DMA line, it was previously noted - "Faces little resistance up to the $57 level. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter. The Medical - Products firm has technology to treat patients with spine disorders. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter, its 2nd strong quarterly comparison. Quarterly earnings increases in prior comparisons were below the +25% minimum guideline (C criteria).
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
$88.59 -2.62
-2.87%
$91.25 $94.12 -5.87% 275,042
80.66%
341,000
Most Recent Note for HEI - 9/24/2018 12:24:42 PM
Hovering near its all-time high, extended from any sound base. Prior mid-day reports noted - "Reported earnings +29% on +19% sales revenues for the Jul '18 quarter, its 3rd consecutive quarter above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."
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INDB - NASDAQ - BANKING - Regional - Northeast Banks
Independent Bank Corp Ma
$86.60 -1.30
-1.48%
$88.00 $95.00 -8.84% 52,072
59.17%
88,000
Most Recent Note for INDB - 9/24/2018 12:26:00 PM
Slumped below its 50 DMA line with a volume-driven loss when noted with caution in the 9/21/18 mid-day report - "Recently consolidating in a tight range near its all-time high. The 2 latest quarterly earnings increases through Jun '18 were above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history has been steady."
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IRMD - NASDAQ - Medical-Systems/Equip
Iradimed Corp
$34.16 +0.71
2.13%
$34.25 $34.25 -0.26% 91,200
86.86%
105,000
Most Recent Note for IRMD - 9/24/2018 12:27:52 PM
Perched at a new all-time high following volume-driven gains. A pullback tested the 50 DMA line following an impressive streak. Reported earnings +133% on +34% sales revenues for the Jun '18 quarter, its 2nd strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Quarterly revenues have been below $10 million, and while growing, they remain rather minuscule. Limited history is a concern while up considerably from its $6 IPO in July '14.
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MBUU - NASDAQ - Leisure-Products
Malibu Boats Inc Cl A
$52.21 -0.83
-1.56%
$53.00 $59.57 -12.36% 131,961
68.73%
192,000
Most Recent Note for MBUU - 9/24/2018 12:29:35 PM
Perched near its all-time high, extended from any sound base. Reported earnings +77% on +85% sales revenues for the Jun '18 quarter. marking the 4th quarterly comparison well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong after a downturn in FY '15. Completed a new Public Offering on 8/09/17. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
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NEOG - NASDAQ - DRUGS - Diagnostic Substances
Neogen Corp
$88.70 -0.71
-0.79%
$90.21 $97.38 -8.92% 225,640
120.02%
188,000
Most Recent Note for NEOG - 9/24/2018 12:30:11 PM
Pulling back from its all-time high testing its 50 DMA line with today's 6th consecutive volume-driven loss. Reported earnings +38% on +11% sales revenues for the May '18 quarter. Fundamentals are a concern due to sub par sales revenues and earnings increases below the +25% minimum guideline (C criteria) in prior quarterly comparisons.
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TRU - NYSE - Financial Svcs-Specialty
TransUnion
$74.07 -0.26
-0.35%
$74.36 $79.48 -6.81% 745,585
79.40%
939,000
Most Recent Note for TRU - 9/24/2018 12:35:25 PM
Retreating from its all-time high and sputtering below its 50 DMA line ($74.54) with a 2nd consecutive volume-driven loss. Reported earnings +32% on +19% sales revenues for the Jun '18 quarter. Three of the 4 latest quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria). Completed another Secondary Offering on 3/07/18. Completed Secondary Offerings on 10/31/17, 8/02/17, 4/28/17, 9/08/16, 6/07/16, and 3/09/16. Limited history is a concern since it completed its $23 IPO on 6/25/15.
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TXRH - NASDAQ - LEISURE - Restaurants
Texas Roadhouse Inc
$67.03 -3.54
-5.02%
$68.58 $75.24 -10.92% 472,628
68.00%
695,000
Most Recent Note for TXRH - 9/24/2018 12:38:53 PM
Gapped down today violating its 50 DMA line ($67.97). Last noted with caution in the 9/10/18 mid-day report - "Through Jun '18 its quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria) and fundamental concerns remain."
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UBNT - NASDAQ - TELECOMMUNICATIONS - Diversified Communication Serv
Ubiquiti Networks Inc
$97.87 -0.71
-0.72%
$98.12 $100.48 -2.60% 219,104
57.96%
378,000
Most Recent Note for UBNT - 9/24/2018 12:39:17 PM
Perched near its all-time high today following a spurt of volume-driven gains. Prior mid-day reports repeatedly noted - "No resistance remains due to overhead supply and it is perched at its 52-week high. Reported earnings +35% on +18% sales revenues for the Jun '18 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria), and fundamental concerns remain. It was dropped from the Featured Stocks list on 5/04/12."
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