Mid-Day Breakouts Report - Friday, February 7th, 2020

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MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 7TH, 2020
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DOW 29204.63 -175.14 (-0.60%) | NASDAQ 9564.32 -7.83 (-0.08%) | S&P 500 3338.4 -7.38 (-0.22%)

Time of Screening : 2/7/2020 12:20:35 PM Report Released : 2/7/2020 12:54:14 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
FTNT - NASDAQ Fortinet Inc	$117.54	-3.79 -3.13%	$119.94	1,204,619 109.21% of 50 DAV 50 DAV is 1,103,000	$121.82 -3.52%	12/9/2019	$103.85	PP = $106.10 MB = $111.41
Most Recent Note - 2/7/2020 12:38:08 PM G - Pulling back today with higher volume following earnings news. Reported earnings +29% on +21% sales revenues for the Dec '19 quarter, continuing its strong earnings track record above the +25% minimum guideline (C criteria). Its prior low ($112.06) and 50 DMA line ($111.28) define important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 2/4/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$304.58	-4.97 -1.61%	$305.48	$309.61	-1.62%	599,274 96.50%	621,000
Most Recent Note for ASML - 2/7/2020 12:21:33 PM Dutch Electronics - Semiconductor Equipment firm touched a new all-time high on the prior session with a 3rd consecutive volume-driven gain. Found prompt support near its 50 DMA line ($291). Reported Dec '19 quarterly earnings +42% on +26% sales revenues. The 3 prior quarterly earnings comparisons were down (negative) from the year ago period (C criteria).
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CAE - NYSE - MANUFACTURING - Farm & Construction Machinery C A E Inc	$31.17	+0.99 3.28%	$31.56	$30.39	2.57%	364,264 97.40%	374,000
Most Recent Note for CAE - 2/7/2020 12:23:33 PM Gapped up today hitting a new all-time high. Reported earnings +28% on +13% sales revenues for the Dec '19 quarter. Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system.
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CHGG - NYSE - Consumer Svcs-Education Chegg Inc	$42.89	+0.04 0.09%	$43.03	$48.22	-11.05%	1,089,723 106.21%	1,026,000
Most Recent Note for CHGG - 2/7/2020 12:26:20 PM Rebounded impressively after a deep consolidation below its 200 DMA line since last noted when dropped from the Featured Stocks list on 9/03/19. Fundamentals remained strong. Due to report Dec '19 quarterly results on 2/10/20. Volume and volatility often increase near earnings news.
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CSL - NYSE - Diversified Operations Carlisle Cos Inc	$162.98	+2.03 1.26%	$169.86	$164.80	-1.10%	327,592 90.00%	364,000
Most Recent Note for CSL - 2/7/2020 12:28:38 PM Reported earnings +17% on +6% sales revenues for the Dec '19 quarter. Hit a new all-time high today but reversed much of its early gain. Four prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Last noted with caution in the 10/23/19 mid-day report - "Sub par sales revenues growth is a concern and its annual earnings (A criteria) history has not been strong and steady."
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EL - NYSE - CONSUMER NON-DURABLES - Personal Products Estee Lauder Cos Cl A	$208.84	-2.69 -1.27%	$210.00	$220.42	-5.25%	1,854,911 115.79%	1,602,000
Most Recent Note for EL - 2/7/2020 12:29:29 PM Rebounded toward its all-time high with a gap up gain on the prior session repairing a brief slump below its 50 DMA line ($204). Found support above its 200 DMA line as it made gradual progress. Reported Dec '19 earnings +22% on +15% sales revenues versus the year ago period. Prior quarterly comparisons were not a match with the investment system's fundamental guidelines.
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$10.50	-0.09 -0.85%	$10.82	$11.18	-6.08%	50,298 152.42%	33,000
Most Recent Note for ELMD - 2/7/2020 12:30:57 PM Following 5 consecutive gains with increasing volume it is perched at its 52-week high. Found support at its 50 DMA line while consolidating in recent months. Due to report earnings news on 2/11/20. Bullish action came after it reported earnings +500% on +14% sales revenues for the quarter ended September 30, 2019 versus the year ago period. Prior mid-day reports cautioned members - "Fundamental concerns remain as the 3 prior quarterly earnings increases were below the fact-based system's +25% minimum guideline (C criteria)."
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FLT - NYSE - DIVERSIFIED SERVICES - Business/Management Services Fleetcor Technologies	$305.31	-23.54 -7.16%	$310.04	$329.85	-7.44%	1,142,661 148.98%	767,000
Most Recent Note for FLT - 2/7/2020 12:33:22 PM Gapped down today enduring distributional pressure and testing its 50 DMA line ($303.79) as it abruptly pulls back from its all-time high after wedging higher. Reported earnings +14% on +9% sales revenues for the Dec '19 quarter, its 6th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA then rebounded and rose into new high territory since dropped from the Featured Stocks list on 10/19/18.
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FNF - NYSE - INSURANCE - Surety & Title Insurance Fidelity Natl Finl Inc	$46.00	-3.04 -6.20%	$47.30	$49.28	-6.66%	3,456,208 284.93%	1,213,000
Most Recent Note for FNF - 2/7/2020 12:35:07 PM Gapped down today undercutting its 50 DMA line ($46.91), abruptly retreating from its 52-week high. Reported earnings above the +25% minimum guideline (C criteria) in the Dec '19 quarterly comparisons versu the year ago period. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based system's guidelines.
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G - NYSE - DIVERSIFIED SERVICES - Business/Management Services Genpact Ltd	$42.73	-2.21 -4.92%	$43.75	$45.20	-5.46%	1,332,252 131.65%	1,012,000
Most Recent Note for G - 2/7/2020 12:40:31 PM Gapped down today testing its 50 DMA line ($42.64). Reported earnings +10% on +13% sales revenues for the Dec '19 quarter. Made gradual progress after last noted with caution in the 11/22/19 mid-day report - "Proposed another Secondary Offering on 5/21/19. Completed Secondary Offerings on 11/16/17, and 8/16/17. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria) growth history has not been strong and steady."
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HUBG - NASDAQ - TRANSPORTATION - Air Delivery & Freight Service Hub Group Inc Cl A	$59.39	+4.01 7.24%	$59.39	$55.95	6.15%	321,425 156.79%	205,000
Most Recent Note for HUBG - 2/7/2020 12:43:52 PM Spiking to a new all-time high with above average volume behind today's 4th consecutive gain. Bullish action came even after it reported earnings -17% on -12% sales revenues for the Dec '19 quarter. Last noted with caution n the 1/17/20 mid-day report - "Reported earnings increases above the +25% minimum guideline (C criteria) in the 7 latest quarterly comparisons through Sep '19, however, its sales revenues growth rate showed worrisome deceleration. Went through a choppy consolidation since noted in the 9/04/18 mid-day report - 'Pulling back from its all-time high. Up and down annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.'"
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IOSP - NASDAQ - CHEMICALS - Specialty Chemicals Innospec Inc	$102.97	-0.86 -0.83%	$103.45	$107.85	-4.52%	94,575 98.52%	96,000
Most Recent Note for IOSP - 2/7/2020 12:46:29 PM Retreating after wedging to a new all-time high and testing its 50 DMA line ($102.42) which has acted as support. Reported earnings +17% on +2% sales revenues for the Sep '19 quarter, and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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MEET - AMEX - Internet-Content Meetme Inc	$6.10	+0.12 1.92%	$6.34	$6.74	-9.57%	1,967,878 167.48%	1,175,000
Most Recent Note for MEET - 2/7/2020 12:48:18 PM Spiked to a new 52-week high on the prior session and today it is encountering distributional pressure. Noted with caution in prior mid-day reports - "Recent quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria), however, its sales revenues growth rate showed deceleration in sequential quarters +32%, +21%, and +15% in the Mar, Jun, Sep '19 periods, respectively. Up and down annual earnings (A criteria) history is a concern."
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MHH - AMEX - Comml Svcs-Staffing Mastech Holdings Inc	$14.47	+0.97 7.19%	$14.74	$14.00	3.36%	51,519 119.81%	43,000
Most Recent Note for MHH - 2/7/2020 12:48:59 PM This thinly traded Commercial Services - Staffing firm reported earnings +63% on +13% sales revenues for the Dec '19 quarter. Fundamental concerns remain. Hitting a new all-time high with today's 4th consecutive volume-driven gain. Found support near is 50 DMA line after noted with caution in the 1/21/20 mid-day report. Went through a deep consolidation after a 2:1 share split effective 8/27/18.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$340.70	-6.18 -1.78%	$347.29	$352.00	-3.21%	692,092 95.86%	722,000
Most Recent Note for NTES - 2/7/2020 12:49:28 PM Found support at its 50 DMA line again, but it is extended from any sound base. Reported Sep '19 earnings +67% on +7% sales revenues. Annual earnings included a big downturn in FY '18, a flaw concerning the A criteria of the fact-based investment system. Went through a deep and choppy consolidation since dropped from the Featured Stocks list on 8/15/17.
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OMCL - NASDAQ - COMPUTER HARDWARE - Computer Based Systems Omnicell Inc	$89.38	+2.05 2.35%	$94.85	$92.59	-3.47%	179,794 90.81%	198,000
Most Recent Note for OMCL - 2/7/2020 12:52:03 PM Spiked to new 52-week and all-time highs earlier with today's 5th consecutive gain marked by higher volume. Reported earnings +10% on +17% sales revenues for the Dec '19 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '17, a flaw concerning the fundamental guidelines of the fact-based investment system.
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PFSI - NYSE - Finance-Mrtg&Rel Svc Pennymac Fincl Svcs Cl A	$37.98	+2.27 6.36%	$38.69	$36.60	3.77%	370,491 115.06%	322,000
Most Recent Note for PFSI - 2/7/2020 12:54:11 PM Gapped up today hitting another new all-time high, rallying impressively this week after finding support near its 50 DMA line during its orderly consolidation in a very tight trading range. Reported earnings +198% on +95% sales revenues for the Dec '19 quarter but fundamental concerns remain. Prior mid-day reports cautioned members - "Fundamentals (C and A criteria) are not a match with the fact-based investment system's fundamental guidelines."
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