Mid-Day Breakouts Report - Tuesday, October 8th, 2019

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 8TH, 2019
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DOW 26238.78 -239.24 (-0.90%) | NASDAQ 7865.51 -90.78 (-1.14%) | S&P 500 2906.99 -31.8 (-1.08%)

Time of Screening : 10/8/2019 12:41:37 PM Report Released : 10/8/2019 12:58:13 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
CHDN - NASDAQ Churchill Downs Inc	$129.57	+0.87 0.68%	$129.64	178,057 77.42% of 50 DAV 50 DAV is 230,000	$132.73 -2.38%	7/22/2019	$118.45	PP = $118.89 MB = $124.83
Most Recent Note - 10/8/2019 12:45:52 PM G - On track today for a 4th consecutive gain and challenging its all-time high. Found support when consolidating near its 50 DMA line ($122.47). That important short-term average has acted as support in recent weeks during its consolidation. Prior lows define the next important support to watch. Jun '19 earnings +10% on +26% sales revenues versus the year ago period were below the +25% minimum earnings guideline (C criteria), noted recently raising fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$77.55	+0.99 1.29%	$77.55	$80.59	-3.77%	118,791 78.67%	151,000
Most Recent Note for GIB - 10/8/2019 12:46:41 PM Consolidating near its 50 DMA line and still perched within close striking distance of its all-time high. Noted with caution in prior mid-day reports - "Reported earnings +13% on +6% sales revenues for the Jun '19 quarter. Fundamental concerns remain. Sub par sales revenues and earnings growth leaves concerns with respect to the winning models of the fact-based investment system."
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HASI - NYSE - Finance-Mortgage REIT Hannon Armstrong Sus Inf	$28.60	-0.07 -0.24%	$28.68	$29.98	-4.60%	849,685 279.50%	304,000
Most Recent Note for HASI - 10/8/2019 12:46:56 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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HELE - NASDAQ - CONSUMER DURABLES - Appliances Helen Of Troy Ltd	$158.26	-0.95 -0.60%	$169.25	$162.25	-2.46%	481,920 251.00%	192,000
Most Recent Note for HELE - 10/8/2019 12:47:55 PM Reported earnings +13% on +5% sales revenues for the Aug '19 quarter. Prior quarterly sales revenues and earnings growth has not been strong and steady.
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HPJ - NASDAQ - MANUFACTURING - Industrial Equipment & Compone Highpower International	$4.70	+0.01 0.21%	$4.70	$4.72	-0.42%	59,998 90.91%	66,000
Most Recent Note for HPJ - 10/8/2019 12:48:11 PM Holding its ground in a tight range since its gap up on 6/28/19 following M&A news. Noted with caution in prior mid-day reports - "Overhead supply remains as a source of some resistance. Prior quarterly and annual earnings (C and A criteria) history is not a match with fundamental guidelines. Low-priced stocks are discouraged from consideration unless all key criteria of the fact-based investment systems are satisfied."
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KNL - NYSE - CONSUMER DURABLES - Electronic Equipment Knoll Inc	$23.53	-0.44 -1.84%	$23.78	$25.89	-9.12%	198,023 96.60%	205,000
Most Recent Note for KNL - 10/8/2019 12:49:42 PM Pulled back from its 52-week high and slumped below its 50 DMA line again. Last noted with caution in the 7/25/19 mid-day report - "Reported earnings +14% on +14% sales for the Jun '19 quarter, below the +25% minimum guideline (C criteria). Fundamental concerns remain. Up and down annual earnings history (A criteria) is a flaw with respect to the fact-based investment system."
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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Mellanox Technologies	$109.17	-1.53 -1.38%	$110.00	$121.13	-9.87%	441,541 103.65%	426,000
Most Recent Note for MLNX - 10/8/2019 12:50:30 PM Consolidating above support at its 200 DMA line ($108). Previously noted M&A news with Nvidia (NVDA). This Israel-based Electronics - Semiconductor firm reported earnings +22% with sales revenues +16% for the Jun '19 quarter versus the year ago period, below the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines. It was dropped from the Featured Stocks list on 7/17/12.
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MMC - NYSE - INSURANCE - Insurance Brokers Marsh & Mclennan	$95.73	-1.90 -1.95%	$97.07	$103.37	-7.39%	1,328,859 88.53%	1,501,000
Most Recent Note for MMC - 10/8/2019 12:52:23 PM Earnings growth has been below the +25% minimum guideline (C criteria) in quarterly comparisons through Jun '19. Slumped from its 52 week high and it has been sputtering below its 50 DMA line.
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PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$45.00	-0.61 -1.34%	$45.49	$48.84	-7.86%	959,477 166.87%	575,000
Most Recent Note for PHG - 10/8/2019 12:52:48 PM Gapped down on 9/27/19 violating its 50 DMA line ($46.63). Prior mid-day reports cautioned members - Hovering at its all-time high. Found support at its 50 DMA line during the recent consolidation. Fundamental concerns remain. Sales and earnings history is below guidelines of the fact-based investment system."
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RCKY - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Rocky Brands Inc	$31.73	+0.17 0.54%	$32.11	$34.14	-7.06%	47,168 138.73%	34,000
Most Recent Note for RCKY - 10/8/2019 12:53:26 PM Consolidating after recently touching a new all-time high. Prior mid-day reports 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	$173.70	+0.98 0.56%	$175.70	$177.99	-2.41%	1,391,649 127.32%	1,093,000
Most Recent Note for RNG - 10/8/2019 12:54:56 PM Perched at its all-time high today and adding to big volume-driven gains. 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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SMPL - NASDAQ - Food-Confectionery Simply Good Foods Co	$26.92	+0.47 1.78%	$27.17	$31.34	-14.10%	958,456 130.58%	734,000
Most Recent Note for SMPL - 10/8/2019 12:56:24 PM Slumped below its 50 DMA line ($28.19) and recently proposed a new Pubic Offering. Noted in prior mid-day reports - "Reported earnings +60% on +30% sales revenues for the May '19 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited annual earnings history (A criteria) remains a concern".
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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$273.00	-16.16 -5.59%	$284.81	$305.45	-10.62%	1,843,367 120.64%	1,528,000
Most Recent Note for TMO - 10/8/2019 12:58:06 PM Violating its 50 DMA line ($283) with today's big volume-driven loss testing prior lows and its 200 DMA line. It wedged to new all-time highs with gains lacking great volume conviction, then encountered distributional pressure. Reported earnings +11% on +4% sales revenues for the Jun '19 quarter. Prior quarterly comparisons had earnings growth below the +25% minimum guideline (C criteria).
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