Mid-Day Breakouts Report - Thursday, April 16th, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 16TH, 2020
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DOW 23249.87 -254.48 (-1.08%) | NASDAQ 8433.3 40.12 (0.48%) | S&P 500 2788.59 5.23 (0.19%)

Time of Screening : 4/16/2020 12:32:25 PM Report Released : 4/16/2020 1:07:37 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
NFLX - NASDAQ Netflix Inc	$441.99	+15.24 3.57%	$449.52	8,376,407 106.80% of 50 DAV 50 DAV is 7,843,000	$434.98 1.61%	4/13/2020	$393.60	PP = $393.62 MB = $413.30
Most Recent Note - 4/16/2020 12:52:32 PM G - Hitting another new all-time high with today's 4th consecutive volume-driven gain, getting very extended from any sound base. Disciplined investors avoid chasing stocks that are extended more than +5% above the pivot point. Due to report earnings news on 4/21/20. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 4/13/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABT - NYSE - DRUGS - Drug Manufacturers - Major Abbott Laboratories	$94.84	+3.90 4.28%	$96.71	$92.45	2.58%	13,790,293 134.25%	10,272,000
Most Recent Note for ABT - 4/16/2020 12:33:45 PM Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Bullish action has followed a gap up and big volume-driven gain on 3/30/20 following approval of a rapid coronavirus test. Reported earnings +3% on +3% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly comparisons versus the year ago periods were below the +25% minimum guideline (C criteria).
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AKAM - NASDAQ - INTERNET - Internet Software & Services Akamai Technologies Inc	$105.67	+5.28 5.26%	$107.22	$103.34	2.25%	1,918,023 89.38%	2,146,000
Most Recent Note for AKAM - 4/16/2020 12:35:41 PM Powering to new multi-year highs with today's big gain after briefly consolidating above its 50 DMA line. Prior mid-day reports cautioned members - "Reported earnings +15% on +8% sales revenues for the Dec '19 quarter, below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth remains a concern. Went through a choppy consolidation since dropped from the Featured Stocks list on 6/15/15."
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AKG - AMEX - Mining-Gold/Silver/Gems Asanko Gold Inc	$0.94	+0.05 5.99%	$0.97	$1.10	-14.40%	795,621 179.60%	443,000
Most Recent Note for AKG - 4/16/2020 12:35:50 PM Fundamentals are sub par.
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AMED - NASDAQ - HEALTH SERVICES - Home Health Care Amedisys Inc	$214.27	+8.36 4.06%	$218.44	$208.00	3.01%	188,301 60.94%	309,000
Most Recent Note for AMED - 4/16/2020 12:37:48 PM Hitting a new all-time high with today's 6th consecutive gain. Impressive rebound after finding prompt support near its 200 DMA line. Reported earnings +3% on +15% sales revenues for the Dec '19 quarter, its 3rd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth history (A criteria) has been strong following a drastic downturn in FY '12-13.
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AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$2,420.72	+113.04 4.90%	$2,461.00	$2,333.37	3.74%	5,984,922 98.55%	6,073,000
Most Recent Note for AMZN - 4/16/2020 12:39:32 PM Hitting another new all time high with today's 4th consecutive gain in an impressive spurt. Prior mid-day reports cautioned members - "Reported earnings +7% on +21% sales revenues for the Dec '19 quarter, it 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria), not a match with the fact-based investment system's fundamental guidelines."
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BAX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Baxter International Inc	$88.93	+2.04 2.34%	$89.44	$95.00	-6.39%	2,124,604 60.27%	3,525,000
Most Recent Note for BAX - 4/16/2020 12:44:47 PM Rebounding a deep slump since last noted with caution in the 2/06/20 mid-day report. Reported earnings +37% on +7% sales revenues for the Dec '20 quarter. Fundamental concerns remain. Sub par earnings history, with prior quarterly increases under the +25% guideline (C criteria).
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DGICA - NASDAQ - Insurance-Prop/Cas/Titl Donegal Group Inc Cl A	$14.98	-0.02 -0.13%	$15.20	$15.43	-2.92%	24,744 61.86%	40,000
Most Recent Note for DGICA - 4/16/2020 12:45:08 PM After an abrupt pullback it rebounded near its 52-week high and has been consolidating. Prior mid-day reports cautioned members - "Prior quarterly sales revenues and earnings growth has not been strong and steady. Annual earnings (A criteria) history also has been up and down."
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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$101.98	+1.45 1.44%	$105.15	$101.50	0.47%	1,911,135 59.97%	3,187,000
Most Recent Note for DOCU - 4/16/2020 12:46:35 PM Hitting a new all-time high with today's 6th consecutive gain, extended from any sound base. Rallied impressively after finding support at its 200 DMA line. Earnings history included a -67% comparison in the Jul '19 quarter versus the year ago period, but otherwise results have been very strong with solid sales revenues growth.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$8.76	-0.02 -0.20%	$8.97	$9.69	-9.57%	294,183 77.83%	378,000
Most Recent Note for DRD - 4/16/2020 12:47:19 PM Holding its ground stubbornly after spiking to a new 52-week high with a big volume-driven gain on 4/13/20. Found prompt support near its 200 DMA line in recent weeks. Recent quarterly comparisons through Dec '19 showed greatly improved sales revenues and strong earnings increases versus year ago losses. Fundamental concerns remain as when noted with caution in the 2/07/13 mid-day report - "This low-priced South African company in the Mining - Gold/Silver/Gems group has an erratic earnings history, not a match with the fact-based investment system's guidelines."
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$12.78	-0.23 -1.73%	$14.00	$13.80	-7.36%	125,466 88.36%	142,000
Most Recent Note for ELMD - 4/16/2020 12:48:07 PM Reversed into the red today after hitting another new 52-week high. Found prompt support near its 200 DMA line after an abrupt pullback. Reported earnings +250% on +7% sales revenues for the quarter ended December 31, 2019 versus the year ago period, a 2nd strong quarterly comparison. Fundamental concerns remain as prior quarterly earnings increases were below the fact-based system's +25% minimum guideline (C criteria).
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$22.08	+0.18 0.80%	$22.18	$25.42	-13.16%	308,398 57.86%	533,000
Most Recent Note for GMAB - 4/16/2020 12:48:24 PM Consolidating near its 50 DMA line. Retreated abruptly from its all-time high hit when noted with caution in the 2/21/20 mid-day report - "Reported earnings +75% on +135% sales revenues for the Dec '19 quarter. Prior history has not been a match with the fundamental guidelines of the fact-based investment system."
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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Mellanox Technologies	$124.43	+2.00 1.63%	$124.69	$123.79	0.52%	4,926,305 395.69%	1,245,000
Most Recent Note for MLNX - 4/16/2020 12:49:29 PM Gapped up and hit a new high today. Previously noted M&A news with Nvidia (NVDA). Held its ground stubbornly since rebounding above its 50 and 200 DMA lines with big volume-driven gains. 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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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$294.98	+14.14 5.03%	$299.00	$316.32	-6.75%	9,760,422 58.72%	16,623,000
Most Recent Note for NVDA - 4/16/2020 12:54:50 PM Rebounding impressively from its 200 DMA line, and little resistance remains due to overhead supply up to the $316 level. Reported earnings +136% on +41% sales revenues for the Jan '20 quarter versus the year ago period. The 4 prior quarterly comparisons had lower sales revenues and lower earnings (negative comparisons) versus the year ago periods. Up and down annual earnings (A criteria) history is also not a match with the fact-based investment system's guidelines.
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OSUR - NASDAQ - DRUGS - Diagnostic Substances Orasure Technologies Inc	$12.16	+0.55 4.74%	$12.44	$11.99	1.42%	584,677 62.60%	934,000
Most Recent Note for OSUR - 4/16/2020 12:56:09 PM Hitting a new 52-week high today, adding to an impressive rebound from the March low ($5.23). Prior mid-day reports repeatedly 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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RVP - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Retractable Technologies	$2.70	+0.38 16.18%	$2.96	$2.39	12.97%	920,214 279.70%	329,000
Most Recent Note for RVP - 4/16/2020 12:58:08 PM Hitting yet another new 52-week high with today's big volume-driven gain adding to a recent spurt of volume-driven gains. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$52.88	+3.22 6.48%	$53.14	$60.64	-12.80%	10,797,850 105.52%	10,233,000
Most Recent Note for TSM - 4/16/2020 12:59:35 PM Gapped up today rebounding above its 50 DMA line ($52). Reported earnings +95% on +45% sales revenues for the Mar '20 quarter. Prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has not been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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TW - NASDAQ - Financial Svcs-Specialty Tradeweb Markets Cl A	$54.07	+2.50 4.84%	$55.27	$53.35	1.34%	729,407 74.20%	983,000
Most Recent Note for TW - 4/16/2020 1:01:18 PM Hitting a new 52-week high with today's 3rd consecutive big gain on increasing volume. Reported earnings +44% on +10% sales revenues for the Dec '19 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Limited history remains a concern since its $27 IPO on 4/04/19 and an additional Public Offering on 10/17/19.
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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$18.65	+1.01 5.73%	$18.82	$17.85	4.48%	4,482,477 59.13%	7,581,000
Most Recent Note for VIPS - 4/16/2020 1:03:27 PM Hitting a new 52-week high with today's 4th consecutive gain. Faces very little resistance due to overhead supply up to the $19 level. Reported earnings +116% on +11% sales revenues for the Dec '19 quarter, its 3rd strong quarterly comparison with earnings above the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line during its consolidation after a big gap up and volume-driven gain on 3/05/20. Apr '15 high was $30, up considerably from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14. Downturn in FY '18 is a noted flaw in its annual earnings (A criteria) history.
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ZM - NASDAQ - Computer Sftwr-Enterprse Zoom Video Comm Cl A	$149.99	-1.57 -1.04%	$154.25	$164.94	-9.06%	8,593,235 66.47%	12,928,000
Most Recent Note for ZM - 4/16/2020 1:05:51 PM Rebounding toward its all-time high. Found prompt support at its 50 DMA line following an abrupt retreat, but it has not formed a sound base pattern. Completed its $36.00 IPO on 4/18/19. Limited annual history (A criteria) is a concern. Reported earnings +275% on +78% sales revenues for the Jan '20 quarter. Prior quarterly comparisons also showed very strong sales revenues and great earnings increases versus the year ago periods.
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ZTO - NYSE - Transportation-Logistics ZTO Express (Cayman) Inc	$28.00	+1.44 5.42%	$28.18	$28.06	-0.21%	2,040,651 74.21%	2,750,000
Most Recent Note for ZTO - 4/16/2020 1:07:34 PM Hitting a new all-time high today. Found prompt support near its 50 DMA line during its ongoing ascent. Reported earnings +79% on +20% sales revenues for the Dec '19 quarter, its 2nd strong quarterly earnings comparison. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria). History is limited since its $19.50 IPO in October 2016.
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