Mid-Day Breakouts Report - Tuesday, May 5th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 5TH, 2020
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DOW 24132.59 382.83 (1.61%) | NASDAQ 8887.67 176.96 (2.03%) | S&P 500 2893.84 51.1 (1.80%)

Time of Screening : 5/5/2020 12:05:09 PM Report Released : 5/5/2020 12:48:14 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...

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
TEAM - NASDAQ Atlassian Corp Plc	$170.52	+7.39 4.53%	$171.09	1,274,945 61.50% of 50 DAV 50 DAV is 2,073,000	$163.69 4.17%	5/4/2020	$159.70	PP = $156.22 MB = $164.03
Most Recent Note - 5/5/2020 12:35:10 PM G - Color code is changed to green after quickly rallying above its "max buy" level, getting extended from the previously noted base. Finished strong after highlighted in yellow with pivot point based on its 2/19/20 high plus 10 cents in the 5/04/20 mid-day report. Hit a new all-time high with a big gain and strong close above the pivot point backed by +61% above average volume clinching 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. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/4/2020. Click here.
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TREX - NYSE Trex Company Inc	$109.05	+9.14 9.14%	$114.48	1,027,972 94.48% of 50 DAV 50 DAV is 1,088,000	$111.85 -2.51%	5/5/2020	$109.05	PP = $111.95 MB = $117.55
Most Recent Note - 5/5/2020 12:43:22 PM Y - Color code is changed to yellow with pivot point cited based on its 3/05/20 high plus 10 cents. Hit a new all-time high with today's gap up and 2nd consecutive volume-driven gain. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Rebounded impressively after a deep slump below its 50 and 200 DMA lines. Reported earnings +35% on +12% sales revenues for the Mar '20 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong after a downturn in FY '14. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACU - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Acme United Corp	$22.04	+0.04 0.18%	$22.15	$24.92	-11.56%	11,565 77.10%	15,000
Most Recent Note for ACU - 5/5/2020 12:05:49 PM Consolidating above its 50 and 200 DMA lines. The past 3 quarterly comparisons through Mar '20 showed earnings increases above the +25% minimum guideline (C criteria) with sales revenues growth rate showing acceleration. Annual earnings (A criteria) history has been up and down, not a match with the fundamental guidelines of the fact-based investment system.
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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$32.75	+1.59 5.10%	$33.32	$31.49	4.00%	382,416 66.16%	578,000
Most Recent Note for AUDC - 5/5/2020 12:06:55 PM Hitting another new 52-week high today 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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CHGG - NYSE - Consumer Svcs-Education Chegg Inc	$57.08	+13.29 30.35%	$58.96	$48.22	18.37%	15,122,483 706.99%	2,139,000
Most Recent Note for CHGG - 5/5/2020 12:13:39 PM Hitting new all-time highs with a considerable "breakaway gap" today. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Bullish action came after it reported earnings +47% on +35% sales revenues for the Mar '20 quarter. Volume and volatility often increase near earnings news. Went through a choppy consolidation since dropped from the Featured Stocks list on 9/03/19. Fundamentals have remained strong.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$9.69	-0.28 -2.77%	$9.96	$10.18	-4.78%	292,054 58.53%	499,000
Most Recent Note for DRD - 5/5/2020 12:16:14 PM Perched at its 52-week high today following a volume-driven gain on the prior session. 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	$14.41	+0.48 3.48%	$14.80	$15.00	-3.90%	94,659 69.09%	137,000
Most Recent Note for ELMD - 5/5/2020 12:16:37 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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GENC - NASDAQ - MANUFACTURING - Farm &; Construction Machinery Gencor Industries Inc	$11.77	+0.20 1.73%	$11.90	$13.50	-12.81%	62,255 183.10%	34,000
Most Recent Note for GENC - 5/5/2020 12:17:30 PM Fundamental concerns remain.
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HEBT - NASDAQ - Machinery-Mtl Hdlg/Autmn Hebron Technology Co Ltd	$10.55	+0.66 6.67%	$10.60	$10.00	5.50%	52,438 72.83%	72,000
Most Recent Note for HEBT - 5/5/2020 12:18:30 PM Hitting a new all-time high with today's gain adding to a recent spurt. Fundamental concerns remain as prior quarterly and annual earnings history is not a match with the fact-based investment system's guidelines.
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INFU - AMEX - Medical-Services Infusystem Holdings Inc	$12.30	+0.25 2.07%	$12.50	$13.25	-7.17%	49,130 59.19%	83,000
Most Recent Note for INFU - 5/5/2020 12:19:28 PM Consolidating after reaching new highs last week following a deep "V" shaped consolidation, not an orderly base. Recent quarterly comparisons through Dec '19 showed improved earnings versus losses for the year ago periods. Annual earnings history has been erratic, not a match with the fact-based investment system's fundamental guidelines.
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LITE - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Lumentum Holdings Inc	$82.82	+4.48 5.71%	$83.78	$93.23	-11.17%	1,044,510 70.38%	1,484,000
Most Recent Note for LITE - 5/5/2020 12:22:23 PM Consolidating above its 50 DMA line ($75) after finding support near its 200 DMA line following a deep pullback. Reported earnings +37% on -7% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong and steady. Since dropped from the Featured Stocks list on 8/10/17 it went through long, deep and choppy consolidations.
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LMNX - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Luminex Corp	$38.84	+2.96 8.25%	$40.21	$36.81	5.51%	601,897 98.51%	611,000
Most Recent Note for LMNX - 5/5/2020 12:23:53 PM Gapped up today hitting new 52-week and multi-year highs. 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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NICE - NASDAQ - Computer Sftwr-Security Nice Ltd Adr	$168.65	+5.14 3.14%	$168.65	$183.42	-8.05%	196,582 67.55%	291,000
Most Recent Note for NICE - 5/5/2020 12:25:05 PM This Israel-based Computer Software - Security firm has rebounded impressively after a deep pullback. Reported earnings +7% on +5% sales revenues for the Dec '19 quarter. Fundamental concerns remain. Prior quarterly earnings history is not a good match with the C criteria.
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services Ritchie Bros Auctioneers	$42.47	+0.58 1.38%	$42.65	$45.16	-5.96%	376,814 54.06%	697,000
Most Recent Note for RBA - 5/5/2020 12:27:08 PM Rebounded impressively after a deep pullback. Reported earnings +38% on -7% sales revenues for the Dec '19 quarter. 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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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$574.03	+32.21 5.94%	$581.00	$574.32	-0.05%	819,301 54.37%	1,507,000
Most Recent Note for REGN - 5/5/2020 12:29:31 PM Gapped up today and hit another new 52-week high. Held its ground stubbornly following volume-driven gains. Reported earnings +48% on +33% sales revenues for the Mar '20 quarter versus the year ago period. Prior 4 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). After a downturn in FY '15 earnings its annual earnings (A criteria) growth has been strong.
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RVP - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Retractable Technologies	$4.51	-0.45 -8.99%	$4.82	$4.98	-9.54%	3,222,905 407.45%	791,000
Most Recent Note for RVP - 5/5/2020 12:30:04 PM Powered to a new 52-week high with a big volume-driven gain on the prior session. 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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SENEA - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Seneca Foods Corp Cl A	$37.00	-0.30 -0.80%	$37.93	$41.88	-11.65%	22,943 63.73%	36,000
Most Recent Note for SENEA - 5/5/2020 12:32:17 PM Consolidating above its 50 and 200 DMA lines. Prior mid-day reports noted - "Fundamental concerns remain. Its up and down annual earnings (the A criteria) history and erratic quarterly results leave fundamental concerns."
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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$70.21	+0.41 0.59%	$71.20	$82.50	-14.90%	398,889 49.55%	805,000
Most Recent Note for TRI - 5/5/2020 12:45:40 PM Reported earnings +33% on +2% sales revenues for the Mar '20 quarter. Recent quarters showed strong earnings increases but with sub par sales revenues growth. Up and down annual earnings (A criteria) is another concern, fundamentally.
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$302.54	+12.02 4.14%	$307.71	$323.78	-6.56%	1,164,603 49.90%	2,334,000
Most Recent Note for TTD - 5/5/2020 12:47:30 PM Impressively rebounding near its all-time high following a deep pullback. Due to report earnings news on 5/09/20. Reported Dec '19 quarterly earnings +37% on +35% sales revenues, and 3 of the past 4 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 9/09/19.
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ZYXI - NASDAQ - Medical-Products Zynex Inc	$19.65	+1.30 7.08%	$21.80	$19.72	-0.35%	1,294,896 261.60%	495,000
Most Recent Note for ZYXI - 5/5/2020 12:48:08 PM Hit yet 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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