Mid-Day Breakouts Report - Wednesday, October 24th, 2018

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 24TH, 2018
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DOW 25203.78 12.35 (0.05%) | NASDAQ 7407.96 -29.58 (-0.40%) | S&P 500 2740.69 -15.19 (-0.55%)

Time of Screening : 10/24/2018 11:48:09 AM Report Released : 10/24/2018 12:49:29 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
MPX - NYSE Marine Products Corp	$23.00	+0.11 0.48%	$24.67	21,491 61.40% of 50 DAV 50 DAV is 35,000	$24.82 -7.33%	10/24/2018	$23.00	PP = $24.92 MB = $26.17
Most Recent Note - 10/24/2018 12:32:41 PM Y - Color code is changed to yellow with pivot point cited based on its 9/12/18 high plus 10 cents. Gapped up today and challenged its all-time high before reversing into the red. Found support near its 50 DMA line ($20.16) in recent weeks while forming an orderly base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Disciplined investors know that new buying efforts in stocks are discouraged until a follow-through day confirms a new rally (M criteria is covered in bold in the FACTBASEDINVESTING.com Market Commentary). Reported earnings +62% on +22% sales revenues for the Sep '18 quarter, so the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Small supply of only 7.3 million shares (S criteria) in the public float. >>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2017. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AB - NYSE - Finance-Investment Mgmt Alliancebernstein Hld Lp	$28.90	-0.75 -2.53%	$30.20	$31.24	-7.49%	205,768 77.07%	267,000
Most Recent Note for AB - 10/24/2018 11:53:48 AM Found prompt support above its 200 DMA line ($28.31) but it is consolidating below its 50 DMA line ($30.16). Earnings increases were above the +25% minimum guideline (C criteria) in the Mar, Jun, and Sep '18 quarters however sales revenues growth has not been strong or accelerating. Annual earning growth has been steady.
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ACRE - NYSE - Finance-Mortgage REIT Ares Coml Real Estate	$13.92	+0.00 0.00%	$14.01	$14.77	-5.75%	72,534 75.56%	96,000
Most Recent Note for ACRE - 10/24/2018 11:55:42 AM REIT has shown earnings increases above the +25% minimum guideline (C criteria) in three of the past four quarterly comparisons through Jun '18. Annual earnings history (A criteria) included a downturn in FY '16.
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ASRV - NASDAQ - BANKING - Regional - Northeast Banks Ameriserv Financial Inc	$4.31	-0.04 -0.92%	$4.35	$4.55	-5.27%	25,720 111.83%	23,000
Most Recent Note for ASRV - 10/24/2018 11:56:23 AM Slumped back below its 50 DMA line since noted with caution in the 10/16/18 mid-day report - "Reported improved earnings increases in recent quarterly comparisons through Sep '18, but with sub par sales revenues growth. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$11.91	-0.10 -0.83%	$12.39	$12.17	-2.14%	520,255 244.25%	213,000
Most Recent Note for AUDC - 10/24/2018 11:59:20 AM This Israel-based Telecom firm gapped up and hit a new 52-week high with an impressive volume-driven gain on the prior session. Reported earnings +90% on +14% sales revenues for the Sep '18 quarter, its 7th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Sales revenues growth rate improved in recent quarters, an encouraging sign.
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BA - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense - Major Boeing Co	$354.38	+4.33 1.24%	$364.60	$394.28	-10.12%	2,991,992 87.51%	3,419,000
Most Recent Note for BA - 10/24/2018 11:50:21 AM Retreated from its all-time high and again found support near its 200 DMA line. The 4 latest quarterly comparisons showed strong earning increases, and it reported earnings +37% on +4% sales revenues for the Sep '18 quarter. Sub par sales revenues growth rate and the prior earnings history has not been a great match with the guidelines (A criteria) of the fact-based investment system.
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BAH - NYSE - Comml Svcs-Consulting Booz Allen Hamilton Cl A	$48.60	-0.77 -1.56%	$49.52	$52.56	-7.53%	570,103 66.21%	861,000
Most Recent Note for BAH - 10/24/2018 11:51:45 AM Sputtering below its 50 DMA line. Earnings history for this Commercial Services - Consulting firm is not a match with the fact-based investment system's guidelines.
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BCML - NASDAQ - Banks-West/Southwest Baycom Corp	$24.37	-0.34 -1.37%	$24.60	$26.94	-9.54%	20,291 61.49%	33,000
Most Recent Note for BCML - 10/24/2018 12:00:51 PM Earnings increases in quarterly comparisons through Sep '18 were below the +25% minimum guideline (C criteria).
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BRO - NYSE - INSURANCE - Insurance Brokers Brown & Brown Inc	$28.08	+0.08 0.29%	$28.32	$31.55	-11.00%	687,764 65.75%	1,046,000
Most Recent Note for BRO - 10/24/2018 12:01:46 PM Gapped down on the prior session, again testing support near its 200 DMA line ($27.86). Reported earnings +19% on +12% sales revenues for the Sep '18 quarter. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria). Fundamentals are not a match with the fact-based investment system's guidelines.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$36.52	+0.49 1.35%	$37.22	$39.44	-7.42%	5,067,838 72.64%	6,977,000
Most Recent Note for BSX - 10/24/2018 12:07:35 PM Enduring distributional pressure in recent weeks and now consolidating near its 50 DMA line ($36.64). Reported Sep '18 quarterly earnings +13% on +8% sales revenues and fundamental concerns remain. Earnings increases have not been strong and steady above the fact-based investment system's guidelines."
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CDNS - NASDAQ - Computer Sftwr-Design Cadence Design Systems	$45.98	-0.87 -1.86%	$46.90	$47.40	-3.00%	1,544,321 86.18%	1,792,000
Most Recent Note for CDNS - 10/24/2018 12:13:01 PM Gapped up on the prior session rebounding near its all-time high. Reported earnings +40% on +10% sales revenues for the Sep '18 quarter. Fundamental concerns remain due to sub par sales revenues growth and because prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been steady.
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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$133.73	-0.64 -0.48%	$136.77	$148.24	-9.79%	951,359 73.13%	1,301,000
Most Recent Note for CNC - 10/24/2018 12:15:05 PM Gapped down on the prior session with a damaging volume-driven loss, retreating further below its 50 DMA line and undercutting prior lows. The prior mid-day report cautioned members - "Reported earnings +33% on +36% sales revenues for the Sep '18 quarter. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Completed a new Public Offering on 5/03/18. Shares split 2-1 effective 2/20/15. Annual earnings history (A criteria) improved following a downturn for FY '09 and '10."
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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$61.89	+0.25 0.41%	$62.22	$66.53	-6.97%	118,529 78.50%	151,000
Most Recent Note for GIB - 10/24/2018 12:23:07 PM Found support in recent weeks near its 200 DMA line ($60.95). Reported earnings +16% on +4% sales revenues for the Jun '18 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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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$228.24	+4.91 2.20%	$238.99	$249.95	-8.69%	1,666,965 126.19%	1,321,000
Most Recent Note for TMO - 10/24/2018 12:36:25 PM Reported earnings +13% on +16% sales revenues for the Sep '18 quarter. Gapped up today but met resistance near its 50 DMA line ($236.76) and slumped back near its 200 DMA line ($219.54) which recently acted as support. Noted with caution at its all-time high in the 10/01/18 mid-day report - "Reported earnings +20% on +22% sales revenues for the Jun '18 quarter. Quarterly comparisons had earnings growth below the +25% minimum guideline (C criteria). Sales and earnings history are below guidelines of the fact-based investment system."
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TSS - NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services Total System Services	$93.53	+0.90 0.97%	$96.83	$100.39	-6.84%	1,056,815 82.50%	1,281,000
Most Recent Note for TSS - 10/24/2018 12:41:30 PM Gapped up today but met resistance near its 50 DMA line. Reported earnings +32% on -19% sales revenues for the Sep '18 quarter. That marked its 3rd consecutive quarterly comparison with earnings above the +25% minimum (C criteria) but each with waning sales revenues versus the year ago periods.
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VZ - NYSE - TELECOMMUNICATIONS - Telecom Services - Domestic Verizon Communications	$56.88	-0.33 -0.58%	$57.18	$57.47	-1.03%	9,418,490 61.64%	15,280,000
Most Recent Note for VZ - 10/24/2018 12:48:17 PM Gapped up on the prior session and it is rallying within striking distance of its all time high ($62.27 in Oct 1999) with today's 7th consecutive gain with ever increasing volume. Reported earnings +24% on +3% sales revenues for the Sep '18 quarter. Sales revenues growth has been sub par while its 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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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$48.55	-0.12 -0.25%	$48.82	$54.38	-10.72%	87,874 68.12%	129,000
Most Recent Note for WNS - 10/24/2018 12:49:20 PM India-based Commercial Services - Outsourcing firm has been consolidating near its 200 DMA line ($48.51). Sputtering since noted with caution in the 7/19/18 mid-day report while violating its 50 DMA line - "Reported improved sales revenues and earnings increases in the Dec '17, Mar and Jun '18 quarters. Prior quarterly earnings were not strong and steady above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system."
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