Mid-Day Breakouts Report - Monday, October 7th, 2019

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 7TH, 2019
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DOW 26593.38 19.66 (0.07%) | NASDAQ 7998.4 15.93 (0.20%) | S&P 500 2954.64 2.63 (0.09%)

Time of Screening : 10/7/2019 12:03:14 PM Report Released : 10/7/2019 12:39:29 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
PFPT - NASDAQ Proofpoint Inc	$130.94	+2.15 1.67%	$131.74	576,303 83.64% of 50 DAV 50 DAV is 689,000	$133.00 -1.55%	10/1/2019	$129.59	PP = $132.95 MB = $139.60
Most Recent Note - 10/7/2019 12:31:23 PM Y - Perched within close striking distance of its all-time high with today's volume-driven gain. Reversed into the red on 10/01/19 after touching a new all-time high. Met stubborn resistance in the $132 area in recent months. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADES - NASDAQ - CHEMICALS - Specialty Chemicals Advanced Emissions Solutions Inc.	$13.41	-0.47 -3.36%	$13.88	$15.34	-12.56%	76,246 51.52%	148,000
Most Recent Note for ADES - 10/7/2019 12:07:31 PM Hit a new 52-week high and promptly reversed into the red when last noted in the 10/01/19 mid-day report with caution - "Found support near its 200 DMA line in recent weeks. Quarterly and annual earnings history has been erratic."
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ARMK - NYSE - Comml Svcs-Outsourcing Aramark Holdings Corp	$43.74	+1.03 2.41%	$44.16	$43.75	-0.02%	2,356,165 69.50%	3,390,000
Most Recent Note for ARMK - 10/7/2019 12:08:35 PM Touched a new 52-week high today. Noted with caution in prior mid-day reports - "Reported earnings +12% on +1% sales revenues for the Jun '19 quarter and fundamental concerns remain. Lack of substantial sales revenues growth leaves concerns. Completed Secondary Offerings on 5/26/15, 3/25/15, 2/19/15, 12/11/14, and 5/29/14 since its 12/12/13 IPO at $20."
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CHEF - NASDAQ - Food-Misc Preparation Chefs' Warehouse Hldg	$36.84	-1.01 -2.67%	$37.70	$42.06	-12.41%	157,768 76.59%	206,000
Most Recent Note for CHEF - 10/7/2019 12:11:41 PM Slumped below its 50 DMA line ($38.60) during a streak of 5 consecutive losses. Retreated from its all-time high hit when last noted with caution in the 9/12/19 mid-day report - "Quarterly earnings increases through Jun '19 have been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) is not a match with the fact-based investment system's guidelines."
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CNXN - NASDAQ - WHOLESALE - Electronics Wholesale P C Connection Inc	$39.58	-0.07 -0.18%	$39.72	$42.49	-6.85%	35,666 50.95%	70,000
Most Recent Note for CNXN - 10/7/2019 12:12:01 PM Went through a choppy consolidation since a "negative reversal" noted on 9/17/18 at its 52-week high. Fundamental concerns remain and it was noted with caution in prior mid-day reports - "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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COUP - NASDAQ - Computer Sftwr-Enterprse Coupa Software Inc	$152.99	+4.67 3.15%	$153.09	$156.16	-2.03%	968,810 53.20%	1,821,000
Most Recent Note for COUP - 10/7/2019 12:13:43 PM Rebounded above its 50 DMA line and it is challenging its all-time high with today's 6th consecutive gain. Noted with caution in prior mid-day reports - "Recent quarterly comparisons through Jul '19 showed strong sales revenues growth and great earnings after years of losses. Limited annual earnings (A criteria) history remains a concern, fundamentally."
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FLY - NYSE - Comml Svcs-Leasing Fly Leasing Ltd	$19.45	-0.46 -2.31%	$19.98	$22.11	-12.03%	171,347 69.94%	245,000
Most Recent Note for FLY - 10/7/2019 12:23:02 PM Pulled back from its all-time high and it is testing its 50 DMA line (19.32) with today's loss. Bullish action came as it reported earnings +113% on +43% sales revenues for the Jun '19 quarter. Recent quarterly comparisons 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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FORM - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Formfactor Inc	$20.46	+0.12 0.59%	$20.73	$20.36	0.49%	321,039 92.79%	346,000
Most Recent Note for FORM - 10/7/2019 12:24:23 PM Hitting another new 52-week high with today's 6th consecutive gain. Reported earnings -22% on +2% sales revenues for the Jun '19 quarter. Fundamental concerns remain.
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HASI - NYSE - Finance-Mortgage REIT Hannon Armstrong Sus Inf	$28.85	+0.31 1.09%	$28.90	$29.98	-3.77%	217,185 72.64%	299,000
Most Recent Note for HASI - 10/7/2019 12:26:01 PM This REIT is perched near its all-time high and was noted with caution in prior mid-day reports - "Completed a new Public Offering on 12/12/18 and went through a deeper consolidation below its 200 DMA line before rebounding. Quarterly earnings increases through Dec '18 have not been strong and steady above the +25% minimum guideline (C criteria)."
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IBP - NYSE - DIVERSIFIED SERVICES - Business/Management Services Installed Building Products, Inc	$58.99	+0.29 0.49%	$59.55	$61.29	-3.75%	178,685 91.17%	196,000
Most Recent Note for IBP - 10/7/2019 12:27:23 PM Found support at its 50 DMA line and remains near its 52-week high. Overhead supply remains to act as resistance up to the $79 level. Prior mid-day reports noted - "Earnings increases for the Mar and Jun '19 quarters were below the +25% minimum guideline (C criteria). Went through a deep consolidation since dropped from the Featured Stocks list on 2/02/18."
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$35.99	+0.48 1.35%	$36.14	$36.12	-0.36%	698,303 51.65%	1,352,000
Most Recent Note for JBL - 10/7/2019 12:28:15 PM Perched at multi-year highs following a recent spurt of volume-driven gains. Prior mid-day reports noted - "Quarterly and annual earnings (C and A criteria) history is below the fact-based system's guidelines."
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PSDO - NASDAQ - Computer-Tech Services Presidio Inc	$16.80	+0.01 0.03%	$16.85	$17.49	-3.97%	1,955,893 149.42%	1,309,000
Most Recent Note for PSDO - 10/7/2019 12:31:41 PM After 8/14/19 M&A news it was repeatedly noted - "Fundamental concerns remain. Reported earnings +21% on +10% sales revenues for the Jun '19 quarter."
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RCKY - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Rocky Brands Inc	$31.41	-0.07 -0.22%	$31.97	$34.14	-8.00%	17,446 51.31%	34,000
Most Recent Note for RCKY - 10/7/2019 12:33:16 PM Consolidating after touching a new all-time high. The 10/02/19 mid-day report cautioned members - "Reported earnings +20% on +6% sales revenues for the Jun '19 quarter. Prior quarterly and annual earnings (C and A criteria) history has not been strong and steady."
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RNG - NYSE - Computer Sftwr-Enterprse RingCentral Inc Cl A	$176.75	+13.45 8.24%	$177.99	$169.58	4.23%	3,164,264 321.57%	984,000
Most Recent Note for RNG - 10/7/2019 12:34:37 PM Gapped up again today hitting new all-time highs with a 2nd consecutive big volume-driven gain. In recent weeks it sputtered after violating its 50 DMA line with damaging losses marked by volume. Noted with caution in prior mid-day reports - "Earnings increases were below the +25% minimum guideline in the Mar and Jun '19 quarters versus the year ago periods although sales revenues growth remained strong. Annual earnings growth has been strong since turning a profitable FY '16 after shrinking losses in prior years."
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ROAD - NASDAQ - Bldg-Heavy Construction Construction Partners Cl A	$16.80	+0.29 1.76%	$17.20	$16.74	0.36%	245,811 89.39%	275,000
Most Recent Note for ROAD - 10/7/2019 12:36:20 PM Hitting a new high with today's 3rd consecutive gain. Found support near its 50 DMA line after pricing a Secondary Offering on 9/18/19. Prior mid-day reports repeatedly noted - "Reported earnings +27% on +17% sales revenues for the Jun '19 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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TDY - NYSE - DIVERSIFIED SERVICES - Technical Services Teledyne Tech Inc	$318.91	+0.51 0.16%	$319.94	$325.63	-2.06%	107,062 53.80%	199,000
Most Recent Note for TDY - 10/7/2019 12:38:55 PM Perched near its all-time high. Last noted with caution in the 7/24/19 mid-day report - "Reported earnings +20% on +7% sales revenues for Jun '19 quarter. Fundamental concerns remain. Quarterly and annual earnings (C and A criteria) history has not been strong and steady."
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WD - NYSE - FINANCIAL - Property Management Walker & Dunlop Inc	$56.62	+1.09 1.95%	$56.64	$59.39	-4.67%	71,838 57.47%	125,000
Most Recent Note for WD - 10/7/2019 12:39:22 PM Reported earnings +6% on +12% sales revenues for the Jun '19 quarter, below the +25% minimum guideline (C criteria). Fundamental concerns make it not a good match with the fact-based investment system's guidelines.
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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. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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