Mid-Day Breakouts Report - Friday, October 5th, 2018

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 5TH, 2018
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DOW 26380.43 -247.05 (-0.93%) | NASDAQ 7767.56 -111.95 (-1.42%) | S&P 500 2878.06 -23.55 (-0.81%)

Time of Screening : 10/5/2018 12:20:29 PM Report Released : 10/5/2018 1:01:13 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
TPL - NYSE Texas Pacific Land Trust	$862.94	+0.82 0.09%	$865.05	8,448 64.98% of 50 DAV 50 DAV is 13,000	$877.97 -1.71%	9/14/2018	$820.45	PP = $874.10 MB = $917.81
Most Recent Note - 10/5/2018 1:00:05 PM Y - Perched near its all-time high, holding its ground in a very tight range in recent weeks. New pivot point cited was based on its 8/27/18 high plus 10 cents. Subsequent gains above the pivot point back by at least +40% above average volume may trigger a new (or add-on) technical buy signal. The 50 DMA line ($823) and recent low ($818 on 9/17/18) define important near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2018. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$346.99	-10.90 -3.05%	$364.79	$398.88	-13.01%	573,652 80.34%	714,000
Most Recent Note for ALGN - 10/5/2018 12:22:36 PM Violated its 50 DMA line ($372) with damaging volume-driven losses this week triggering a technical sell signal. Noted with caution in recent mid-day reports - "Trying to rise from a short late-stage base. Reported earnings +53% on +38% sales revenues for the Jun '18 quarter, marking its 6th consecutive quarterly comparison showing very encouraging sales revenues and earning growth. Annual earnings (A criteria) had a downturn in FY '15, a small flaw in its fundamentals under the fact-based investment system."
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AMED - NASDAQ - HEALTH SERVICES - Home Health Care Amedisys Inc	$113.89	-1.42 -1.23%	$117.03	$127.38	-10.59%	254,426 67.31%	378,000
Most Recent Note for AMED - 10/5/2018 12:27:04 PM There was a "negative reversal" after hitting a new high on 10/01/18 and it has slumped below its 50 DMA line. Quarterly earnings increases through Jun '18 have been above the +25% minimum guideline (C criteria). Sub par sales revenues growth remains a concern. Annual earnings history (A criteria) has been improving since a drastic downturn in FY '12-13.
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AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$1,874.79	-34.63 -1.81%	$1,929.08	$2,050.50	-8.57%	3,201,943 65.60%	4,881,000
Most Recent Note for AMZN - 10/5/2018 12:28:09 PM Slumped from its all-time high and violated its 50 DMA line ($1921) with damaging volume-driven losses this week. Prior mid-day reports recently noted - "Earnings increases in the 3 latest quarterly comparisons through Jun '18 were very strong. Prior quarterly and annual earnings (A criteria) history was not a great match with the investment system's guidelines."
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BHBK - NASDAQ - Banks-Northeast Blue Hills Bancorp Inc	$24.25	-0.05 -0.21%	$24.58	$25.80	-6.01%	343,187 256.11%	134,000
Most Recent Note for BHBK - 10/5/2018 12:28:31 PM Consolidating since a gap up for a new all-time high on M&A news on 9/21/18. Reported very 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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BJRI - NASDAQ - LEISURE - Restaurants B J S Restaurants Inc	$66.85	+0.58 0.88%	$69.60	$76.50	-12.61%	266,188 70.98%	375,000
Most Recent Note for BJRI - 10/5/2018 12:30:00 PM Slumped below its 50 DMA line with volume-driven losses this week, retreating from its all-time high. Last noted with caution in the 8/22/18 mid-day report - "Reported +61% earnings on +8% sales revenues for the Jun '18 quarter. Fundamental concerns remain due to sub par sales growth. The restaurant company's quarterly earnings show recent improvement, but its annual earnings (A criteria) history comes in below the investment system's strict guidelines."
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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$222.13	-9.55 -4.12%	$227.06	$245.16	-9.39%	3,112,340 158.31%	1,966,000
Most Recent Note for COST - 10/5/2018 12:34:07 PM Gapped down today violating its 50 DMA line, retreating from its all-time high hit 4 weeks ago. Reported earnings +13% on +5% sales for the Aug '18 quarter, and prior quarterly earnings comparisons were below the +25% minimum guideline (C criteria).
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DVMT - NYSE - COMPUTER HARDWARE - Computer Peripherals Dell Technologies Inc	$96.05	-0.64 -0.66%	$97.89	$99.02	-3.00%	902,925 63.63%	1,419,000
Most Recent Note for DVMT - 10/5/2018 12:35:30 PM Trading in a tight range in recent months near its 50 DMA line ($95.55) 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 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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FTNT - NASDAQ - Computer Sftwr-Security Fortinet Inc	$85.46	-3.83 -4.29%	$88.13	$94.37	-9.44%	1,810,408 104.89%	1,726,000
Most Recent Note for FTNT - 10/5/2018 12:36:23 PM Retreating from its all-time high after getting very extended from any sound base. Reported Jun '18 earnings +52% on +21% sales revenues. Three of the past 4 quarters had earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have been improving since FY '14, also helping it better match with the fact-based investment system's guidelines. 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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FWRD - NASDAQ - TRANSPORTATION - Trucking Forward Air Corp	$68.01	-2.02 -2.88%	$70.45	$72.81	-6.59%	110,615 65.45%	169,000
Most Recent Note for FWRD - 10/5/2018 12:37:41 PM Retreating from its 52-week high, but extended from any sound base. Prior mid-day reports cautioned - "Reported earnings +26% on +16% sales revenues for the Jun '18 quarter but fundamental concerns remain. Has a new CEO as of 9/01/18. Earnings history is not a match with the fundamental guidelines (C and A criteria) of the fact-based investment system."
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$55.66	-0.37 -0.66%	$56.45	$60.70	-8.30%	392,736 71.93%	546,000
Most Recent Note for GNRC - 10/5/2018 12:39:53 PM Finding prompt support near its 50 DMA line after a gap down on 10/02/18 completely negated the recent technical breakout. Reported earnings +63% on +25% sales revenues for the Jun '18 quarter. Recent quarterly comparisons show encouraging acceleration. Annual earnings (A criteria) history included a downturn in FY '14 -'15, not strong and steady.
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HMTA - NASDAQ - Banks-Southeast Hometown Bankshares Corp	$15.11	+0.10 0.67%	$15.30	$16.50	-8.42%	93,494 584.34%	16,000
Most Recent Note for HMTA - 10/5/2018 12:40:34 PM Gapped up on 10/02/18 following M&A news. Thinly-traded Bank stock has shown sub par sales revenues growth and its earnings growth history (C and A criteria) is not a great match with the fact-based investment system.
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$328.64	-16.07 -4.66%	$336.90	$372.61	-11.80%	1,071,377 115.57%	927,000
Most Recent Note for ILMN - 10/5/2018 12:42:26 PM Violated its 50 DMA line ($342) with today's big gap down and volume-driven loss. Wedged higher with most gains lacking great volume conviction after last noted with caution in the 8/17/18 mid-day report - "Reported earnings +74% on +25% sales revenues for the Jun '18 quarter, its 3rd strong quarterly comparison. Prior comparisons were well below with +25% minimum earnings guideline (C criteria) and negative versus the year ago periods."
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INDB - NASDAQ - BANKING - Regional - Northeast Banks Independent Bank Corp Ma	$83.33	-0.66 -0.79%	$85.08	$95.00	-12.28%	108,269 113.97%	95,000
Most Recent Note for INDB - 10/5/2018 12:43:13 PM Slumped well below its 50 DMA line with a streak of volume-driven losses after noted with caution in prior mid-day reports - "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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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$114.73	+1.74 1.54%	$115.45	$115.68	-0.82%	4,135,749 109.73%	3,769,000
Most Recent Note for LLY - 10/5/2018 12:44:16 PM Gapped up again today hitting new all-time highs with 9 consecutive gains. Showed earnings increases above the +25% minimum guideline (C criteria) in the Mar and Jun '18 quarterly comparisons versus the year ago periods. Annual earnings (A criteria) have improved since a downturn in FY '14.
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MATX - NYSE - Transportation-Ship Matson Inc	$39.50	-0.71 -1.77%	$40.40	$40.60	-2.71%	129,315 68.78%	188,000
Most Recent Note for MATX - 10/5/2018 12:46:08 PM Perched at its 52-week high. Showed bullish action since last noted with caution in the 9/26/18 mid-day report - "Reported earnings +38% on +9% sales revenues for the Jun '18 quarter, but fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) have been erratic while sales revenues growth has been sub par, not indicative of a new product or service (N criteria) in great demand."
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MBTF - NASDAQ - BANKING - Regional - Northeast Banks M B T Financial Corp	$11.59	-0.10 -0.86%	$11.75	$11.92	-2.77%	14,565 76.66%	19,000
Most Recent Note for MBTF - 10/5/2018 12:49:17 PM Hit a new 52-week high on the prior session with a big volume-driven gain. Reported earnings +31% on +7% sales revenues for the Jun '18 quarter. Prior comparisons showed lackluster sales revenues growth and earnings increases below the +25% minimum guideline (C criteria) making it not a match with the fact-based investment system's fundamental guidelines.
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$18.60	-0.31 -1.64%	$19.14	$18.99	-2.05%	221,134 81.00%	273,000
Most Recent Note for MERC - 10/5/2018 12:50:33 PM Rebounded above its 50 DMA line ($17.47) on the prior session and rallied to a new 52-week high. Fundamental concerns remain.
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OMAB - NASDAQ - TRANSPORTATION - Air Services Grupo Aero Cent Nort Ads	$53.45	-1.10 -2.02%	$55.09	$58.10	-8.00%	61,367 71.36%	86,000
Most Recent Note for OMAB - 10/5/2018 12:51:25 PM Pulled back from its all-time high. Noted with caution in prior mid-day reports - "Sub par sales revenues growth and other fundamental concerns remain as noted in prior mid-day reports. Quarterly and annual earnings (C and A criteria) history are below the guidelines."
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POOL - NASDAQ - WHOLESALE - Basic Materials Wholesale Pool Corp	$155.59	-1.47 -0.93%	$158.20	$175.87	-11.53%	106,183 63.20%	168,000
Most Recent Note for POOL - 10/5/2018 12:53:02 PM Retreated from its all-time high and violated its 50 DMA line ($163.76) with damaging volume-driven losses. Prior mid-day reports noted - "Reported earnings +26% on +7% sales revenues for the Jun '18 quarter. Fundamental concerns remain. Prior earnings history is not a great match with the fact-based investment system's guidelines."
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SERV - NYSE - DIVERSIFIED SERVICES - Business/Management Services ServiceMaster Global Holdings, Inc	$42.60	+0.86 2.06%	$42.72	$42.71	-0.26%	1,192,515 69.45%	1,717,000
Most Recent Note for SERV - 10/5/2018 12:59:12 PM Completed the spin-off of Frontdoor Inc (FTDR). Found support at its 50 DMA line after a "negative reversal" on 10/01/18 and it is hitting another new all-time high with today's 3rd consecutive volume-driven gain. Prior quarterly earnings increases through Jun '18 have not been strong and steady above the +25% minimum guideline (C criteria) and sub par sales revenues increases have been in the +5-8% range. Completed a Secondary Offering on 11/09/15. New CEO on 7/26/17.
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VEEV - NYSE - Computer Sftwr-Medical Veeva Systems Inc Cl A	$97.34	-0.80 -0.82%	$102.01	$109.05	-10.74%	865,127 69.77%	1,240,000
Most Recent Note for VEEV - 10/5/2018 1:01:08 PM Pulling back from its 52-week high, slumping near its 50 DMA line ($95.14). Reported earnings +63% on +25% sales revenues for the Jul '18 quarter, its 2nd strong quarter. Prior quarterly earnings were not strong and steady 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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