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 MIDDAY BREAKOUTS REPORT - MONDAY, MAY 4TH, 2020
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DOW 23528.21 -195.48 (-0.82%) | NASDAQ 8657.09 52.14 (0.61%) | S&P 500 2822.24 -8.47 (-0.30%)
Time of Screening : 5/4/2020 12:04:13 PM         Report Released : 5/4/2020 12:42:57 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
Max Buy
TEAM - NASDAQ
Atlassian Corp Plc
$159.70 +5.11
3.31%
$160.83 1,217,230
60.05% of 50 DAV
50 DAV is 2,027,000
$158.98
0.45%
5/4/2020 $159.70 PP = $156.22
MB = $164.03
Most Recent Note - 5/4/2020 12:39:06 PM
Y - Color code is changed to yellow with pivot point based on its 2/19/20 high plus 10 cents. Hit a new all-time high with today's early gain. A gain and strong close above the pivot point backed by at least +40% above average volume may clinch a convincing technical buy signal. It has a 98 Earnings Per Share rating, but last week it reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). Rebounded from below its 200 DMA line in recent weeks and showed resilience since dropped from the Featured Stocks list on 3/11/20.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/4/2020. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AKG - AMEX - Mining-Gold/Silver/Gems
Asanko Gold Inc
$1.12 +0.03
2.75%
$1.14 $1.28 -12.50% 313,650
53.07%
591,000
Most Recent Note for AKG - 5/4/2020 12:06:06 PM
Holding its ground near its 52-week high following a spurt of volume-driven gains. Repeatedly noted in prior mid-day reports following a recent spurt of volume-driven gains - "Fundamentals are sub par."
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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Audiocodes Ltd
$31.05 -0.23
-0.74%
$31.20 $31.49 -1.40% 447,307
78.61%
569,000
Most Recent Note for AUDC - 5/4/2020 12:06:27 PM
Perched near its 52-week high following impressive volume-driven gains last week. Fundamentals remain strong after it reported earnings +39% on +12% sales revenues for the Mar '20 quarter. Did not form a sound base pattern, yet faces no resistance due to overhead supply. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rebounded impressively after a deep pullback since dropped from the Featured Stocks list on 2/27/20.
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CLX - NYSE - CONSUMER NON-DURABLES - Cleaning Products
Clorox Co
$198.76 +6.05
3.14%
$198.86 $214.26 -7.23% 1,495,361
50.64%
2,953,000
Most Recent Note for CLX - 5/4/2020 12:07:29 PM
Reported earnings +31% on +15% sales revenues for the Mar '20 quarter, but fundamental concerns remain. This well-known cleaning products firm is a defensive safe haven issue, not a match with the fact-based investment system's guidelines.
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DRD - NYSE - METALS & MINING - Gold
Drdgold Ltd Adr
$10.05 +0.55
5.79%
$10.08 $9.69 3.72% 600,318
124.03%
484,000
Most Recent Note for DRD - 5/4/2020 12:09:47 PM
Hitting a new 52-week high with today's volume-driven gain. Held its ground stubbornly after a big volume-driven gain on 4/13/20. Found prompt support near its 200 DMA line in early March after an abrupt retreat. Recent quarterly comparisons through Dec '19 showed greatly improved sales revenues and strong earnings increases versus year ago losses. Fundamental concerns remain as noted in prior mid-day reports - "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
$14.18 +0.83
6.24%
$14.59 $15.00 -5.45% 140,022
103.72%
135,000
Most Recent Note for ELMD - 5/4/2020 12:10:49 PM
Perched at its 52-week high. Found prompt support near its 200 DMA line and rebounded impressively. Due to report earnings news on 5/12/20. Reported earnings +250% on +7% sales revenues for the quarter ended December 31, 2019 versus the year ago period, a 2nd strong quarterly comparison. 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
$24.41 -0.59
-2.36%
$24.43 $25.42 -3.97% 461,212
81.20%
568,000
Most Recent Note for GMAB - 5/4/2020 12:12:07 PM
Due to report earnings news on 5/06/20. Impressively rebounded near its all-time high after an abrupt retreat. Noted with caution in prior mid-day reports - "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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LFVN - NASDAQ - Cosmetics/Personal Care
Lifevantage Corp
$16.35 +0.22
1.36%
$16.35 $17.25 -5.22% 57,946
54.16%
107,000
Most Recent Note for LFVN - 5/4/2020 12:15:49 PM
Due to report earnings news on 5/05/20. Rebounded near its 52-week high with considerable volume-driven gains last week. Went through a deep pullback since noted with caution in the 1/31/20 mid-day report - "Showed improved earnings increases in the 3 latest quarterly comparisons through Dec '19, but fundamental concerns remain due to sub par sales revenues growth and its up and down annual earnings (A criteria) history."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Logitech Intl Sa
$48.05 +1.35
2.89%
$48.57 $48.96 -1.86% 271,542
71.08%
382,000
Most Recent Note for LOGI - 5/4/2020 12:17:43 PM
Impressively rebounded above its 50 and 200 DMA lines and it is perched near its 52-week and all-time highs. 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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MHH - AMEX - Comml Svcs-Staffing
Mastech Holdings Inc
$16.49 +0.88
5.64%
$16.81 $17.84 -7.57% 41,684
80.16%
52,000
Most Recent Note for MHH - 5/4/2020 12:21:57 PM
Rebounding impressively toward its all-time high after finding prompt support near is 200 DMA line following a deep pullback. This thinly traded Commercial Services - Staffing firm reported earnings +53% on +12% sales revenues for the Mar '20 quarter, its 2nd consecutive strong quarter. Fundamental concerns remain. Went through a deep consolidation after a 2:1 share split effective 8/27/18.
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PW - AMEX - REAL ESTATE - REIT - Diversified/Industrial
Power REIT
$13.58 +0.09
0.67%
$13.96 $15.60 -12.95% 30,524
76.31%
40,000
Most Recent Note for PW - 5/4/2020 12:23:51 PM
Rebounded near its 52-week high after a deep pullback in recent weeks. This REIT reported earnings +36% on +58% sales revenues for the Mar '20 quarter. Fundamental concerns remain as prior earnings increases in quarterly comparisons were below the +25% minimum guideline (C criteria).
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RACE - NYSE - Auto Manufacturers
Ferrari NV
$158.24 +9.25
6.21%
$159.92 $180.95 -12.55% 387,982
59.32%
654,000
Most Recent Note for RACE - 5/4/2020 12:27:15 PM
Its 200 DMA line ($159.57) has acted as resistance in recent weeks while rebounding after a deeper pullback. Reported earnings -7% on -3% sales revenues for the Mar '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and sub par sales revenues growth has been a concern, fundamentally. Since completing its $52 IPO in Oct '15 its annual earnings (A criteria) history has been strong.
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RVP - AMEX - HEALTH SERVICES - Medical Instruments & Supplies
Retractable Technologies
$3.70 +0.78
26.71%
$4.59 $3.45 7.25% 9,484,290
2,200.53%
431,000
Most Recent Note for RVP - 5/4/2020 12:29:18 PM
Powering to a new 52-week high with today's big volume-driven gain. Held its ground following a recent spurt of volume-driven gains. Prior mid-day reports cautioned members - "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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TECH - NASDAQ - Medical-Research Eqp/Svc
Bio-Techne Corp
$232.93 +5.39
2.37%
$233.91 $229.00 1.71% 162,543
59.76%
272,000
Most Recent Note for TECH - 5/4/2020 12:40:11 PM
Hitting a new all-time high with today's 4th consecutive volume-driven gain, but fundamental concerns remain. Reported earnings +15% on +5% sales revenues for the Mar '20 quarter. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based system.
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ZTO - NYSE - Transportation-Logistics
ZTO Express (Cayman) Inc
$27.63 -0.79
-2.76%
$28.63 $30.14 -8.34% 1,417,144
52.94%
2,677,000
Most Recent Note for ZTO - 5/4/2020 12:41:06 PM
Retreating from its new all-time high hit last week with gains lacking great volume conviction. 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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ZYXI - NASDAQ - Medical-Products
Zynex Inc
$19.29 +2.92
17.83%
$19.72 $18.38 4.94% 987,495
207.89%
475,000
Most Recent Note for ZYXI - 5/4/2020 12:42:55 PM
Hitting another new 52-week high today adding to a spurt of volume-driven gains. Found prompt support near its 200 DMA line in recent weeks and rallied impressively. Reported earnings +29% on +66% sales revenues for the Mar '20 quarter, but prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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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. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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