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 MIDDAY BREAKOUTS REPORT - FRIDAY, APRIL 3RD, 2020
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DOW 20987.28 -426.16 (-1.99%) | NASDAQ 7349.63 -137.68 (-1.84%) | S&P 500 2489.44 -37.46 (-1.48%)
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Time of Screening :
4/3/2020 12:13:46 PM Report Released :
4/3/2020 12:21:44 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 45% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ACIA
- NASDAQ - Telecom-Fiber Optics
Acacia Communications
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$66.92 |
+0.10
0.15%
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$66.95
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$69.00
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-3.01% |
315,440
50.88%
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620,000
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Most Recent Note for ACIA - 4/3/2020 12:15:47 PM
Found support near its 200 DMA line and met resistance at its 50 DMA line during the recent consolidation. Reported Dec '19 quarterly earnings +17% on +20% sales revenues, below the +25% minimum earnings guideline (C criteria). Consolidating since 7/09/19 M&A news with Cisco Systems (CSCO). Reported strong Sep and Jun '19 quarterly results. Went through a deep consolidation since noted with caution after it proposed a new Public Offering on 9/26/16, up from its $23 IPO on 5/13/16,
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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AUDC
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Audiocodes Ltd
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$24.81 |
-0.03
-0.12%
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$26.70
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$28.73
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-13.64% |
485,117
96.83%
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501,000
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Most Recent Note for AUDC - 4/3/2020 12:16:40 PM
Rebounding impressively after a deep pullback since dropped from the Featured Stocks list on 2/27/20. Faces some resistance due to overhead supply up to the $28 level. Fundamentals remain strong after it reported earnings +30% on +15% sales revenues for the Dec '19 quarter.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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LOGI
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Logitech Intl Sa
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$42.97 |
+0.28
0.66%
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$43.73
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$48.83
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-12.00% |
163,920
45.92%
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357,000
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Most Recent Note for LOGI - 4/3/2020 12:16:55 PM
Impressively rebounded above its 50 and 200 DMA lines with recent volume-driven gains. Fundamental concerns remain. Reported earnings +6% on +4% sales revenues for the Dec '19 quarter and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). This Switzerland-based Computer - Hardware/Peripherals firm went through a deep V shaped pullback since challenging its all-time high in January after a deep 18-month consolidation.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MLNX
- NASDAQ - ELECTRONICS - Semiconductor - Broad Line
Mellanox Technologies
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$119.63 |
-0.25
-0.21%
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$120.10
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$123.79
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-3.36% |
808,878
71.71%
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1,128,000
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Most Recent Note for MLNX - 4/3/2020 12:17:22 PM
Previously noted M&A news with Nvidia (NVDA). Holding its ground stubbornly since rebounding above its 50 and 200 DMA lines with big volume-driven gains week. This Israel-based Electronics - Semiconductor firm reported earnings +63% with sales revenues +31% for the Dec '19 quarter versus the year ago period. Three of the past 4 comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '17, not a good 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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OSUR
- NASDAQ - DRUGS - Diagnostic Substances
Orasure Technologies Inc
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$10.52 |
+0.04
0.38%
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$10.88
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$11.77
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-10.62% |
1,353,816
168.80%
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802,000
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Most Recent Note for OSUR - 4/3/2020 12:17:56 PM
Consolidating after rallying impressively with a spurt of 5 consecutive volume-driven gains. Prior mid-day reports noted - "Quarterly and annual earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RGEN
- NASDAQ - Medical - Products
Repligen Corp
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$99.95 |
+3.00
3.09%
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$100.65
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$109.94
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-9.09% |
277,883
47.66%
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583,000
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Most Recent Note for RGEN - 4/3/2020 12:19:11 PM
Found support at its 200 DMA line in recent weeks and now quietly consolidating above its 50 DMA line ($96.24). Gapped down from its high when noted with caution in the 2/20/20 mid-day report - "Completed Public Offerings on 7/17/19 and 5/01/19. Reported Dec '19 earnings +5% on +34% sales revenues, and fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RMD
- NYSE - HEALTH SERVICES - Medical Appliances & Equipment
Resmed Inc
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$153.17 |
+3.04
2.02%
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$154.30
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$177.99
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-13.94% |
444,571
51.51%
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863,000
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Most Recent Note for RMD - 4/3/2020 12:19:29 PM
Rebounding impressively after an abrupt slump below its 200 DMA line ($143). Reported earnings +21 on +13% sales revenues for the Dec '19 quarter, its 5th comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth after a downturn in FY '15 has been slow and steady, not a great match with the winning models of the fact-based investment system.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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RNG
- NYSE - Computer Sftwr-Enterprse
RingCentral Inc Cl A
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$224.55 |
+4.52
2.05%
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$227.98
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$256.60
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-12.49% |
878,277
53.88%
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1,630,000
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Most Recent Note for RNG - 4/3/2020 12:20:34 PM
Consolidating above its 50 DMA line ($212). There was a "negative reversal" on 3/30/20 after hitting a new all-time high. Rebounded impressively following an abrupt slump in recent weeks that briefly undercut its 200 DMA line ($166). Noted with caution in prior mid-day reports - "Reported earnings -4% on +34% sales revenues for the Dec '19 quarter. Earnings increases were below the +25% minimum guideline in the Mar, Jun, and Sep '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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SEC |
News |
Chart | C
A N
S L
I M
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TECD
- NASDAQ - WHOLESALE - Computers Wholesale
Tech Data Corp
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$132.20 |
+0.67
0.51%
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$132.93
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$151.47
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-12.72% |
669,346
74.79%
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895,000
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Most Recent Note for TECD - 4/3/2020 12:21:41 PM
Slumped badly and rebounded, but prior mid-day reports have cautioned members - "Consolidating following noted M&A news. Fundamental concerns remain due to lack of sales revenues growth while its prior quarterly earnings history has not been strong and steady above the +25% minimum guideline (C criteria) of the fact-based investment system."
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A N
S L
I M
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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.
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