Mid-Day Breakouts Report - Thursday, June 4th, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 4TH, 2020
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DOW 26277.28 7.39 (0.03%) | NASDAQ 9636.3 -46.61 (-0.48%) | S&P 500 3111.94 -10.93 (-0.35%)

Time of Screening : 6/4/2020 12:11:17 PM Report Released : 6/4/2020 1:00:50 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
PING - NYSE Ping Identity Holdings Corp	$29.23	-1.05 -3.47%	$30.00	779,738 69.06% of 50 DAV 50 DAV is 1,129,000	$31.50 -7.21%	6/1/2020	$29.24	PP = $29.90 MB = $31.40
Most Recent Note - 6/4/2020 12:51:46 PM Y - From the early lows of today's session it has rebounded, yet it is still on pace for a big loss with above average volume. Its slump below prior highs in the $29 area raised concerns and likely triggered sell stops (at -7-8%) for disciplined investors who may have bought above the pivot point cited. Highlighted in yellow with pivot point cited based on its 2/20/20 high plus 10 cents in the 6/01/20 mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALRM - NASDAQ - Security/Sfty Alarm.Com Holdings, Inc	$55.48	-0.44 -0.79%	$56.66	$58.55	-5.24%	378,380 63.06%	600,000
Most Recent Note for ALRM - 6/4/2020 12:14:52 PM Reported earnings +24% on +35% sales revenues for the Mar '20 quarter, marking its 2nd consecutive quarterly comparison near or above the +25% minimum earnings guideline (C criteria). Fundamentals are not a match with the fact-based investment system. It is rebounding following a deep consolidation since noted when dropped from the Featured Stocks list on 5/13/19.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$350.97	+4.67 1.35%	$352.79	$347.46	1.01%	500,431 59.65%	839,000
Most Recent Note for ASML - 6/4/2020 12:18:35 PM Rallying into new all-time high territory, extended from any sound base. Reported Mar '20 quarterly earnings +10% on +8% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Dutch Electronics - Semiconductor Equipment firm rebounded above its 50 DMA line and made an impressive recovery from a deep slump since noted with caution in the 3/09/20 mid-day report - "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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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$35.88	-2.81 -7.26%	$39.17	$40.06	-10.43%	491,605 79.81%	616,000
Most Recent Note for AUDC - 6/4/2020 12:20:21 PM Proposed a new Public Offering on 6/02/20 and pulling back today after hitting yet another new 52-week high on the prior session, getting more extended from any sound base. Fundamentals remain strong after it reported earnings +39% on +12% sales revenues for the Mar '20 quarter. 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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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$14.34	-0.12 -0.85%	$14.60	$16.20	-11.50%	18,644 58.26%	32,000
Most Recent Note for AVNW - 6/4/2020 12:21:08 PM Pulling back after recently challenging its 52-week high with a streak of 6 consecutive volume-driven gains. Rebounded impressively after a deep pullback. Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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BIPC - NYSE - Finance-Investment Mgmt Brookfield Omfra Corp	$49.01	+1.50 3.16%	$49.46	$48.13	1.83%	229,275 107.64%	213,000
Most Recent Note for BIPC - 6/4/2020 12:22:51 PM Fundamental concerns remain for this Canada-based Financial firm.
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CIEN - NYSE - Telecom-Fiber Optics Ciena Corporation	$54.17	-2.14 -3.80%	$56.49	$57.19	-5.28%	1,960,014 92.11%	2,128,000
Most Recent Note for CIEN - 6/4/2020 12:24:24 PM Pulling back today from a new 52-week high hit with recent volume-driven gains, getting more extended from any sound base. Prior mid-day reports noted - "Reported earnings +58% on +3% sales revenues for the Jan '20 quarter. Three of the past 4 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '17, not strong and steady."
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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$38.42	+0.41 1.08%	$39.29	$39.00	-1.49%	522,431 59.64%	876,000
Most Recent Note for CRNC - 6/4/2020 12:24:58 PM Hitting a new 52-week high with today's 5th consecutive gain marked by above average volume. Reported earnings +39% on +23% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$140.61	-6.84 -4.64%	$148.64	$152.00	-7.49%	3,318,875 88.10%	3,767,000
Most Recent Note for DOCU - 6/4/2020 12:26:56 PM Due to report earnings news after today's close. Pulling back from its all-time high following volume-driven gains, getting very 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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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$35.40	-0.83 -2.29%	$36.29	$39.10	-9.46%	1,596,529 64.82%	2,463,000
Most Recent Note for DT - 6/4/2020 12:29:47 PM Pulling back from its 52-week high after completing yet another Secondary Offering on 6/03/20. Went through a deep consolidation and rebounded impressively since completing a Secondary Offering on 2/21/20. Reported earnings +267% on +30% sales revenues for the Mar '20 quarter versus the year ago period, its 3rd consecutive strong quarterly comparison versus the year ago periods. Prior mid-day reports cautioned members - "Limited history is a concern since it completed its $16.00 IPO on 8/01/19 and a Secondary Offering on 12/06/19."
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EBAY - NASDAQ - INTERNET - Internet Software & Services Ebay Inc	$49.30	+2.85 6.12%	$51.88	$46.72	5.51%	13,423,226 104.92%	12,794,000
Most Recent Note for EBAY - 6/4/2020 12:33:24 PM Gapped up today hitting a new all-time high. Has a new CEO as of 4/27/20. Rebounded and rallied impressively after a deep pullback below its 200 DMA line. Reported earnings +18% on -2% sales revenues for the Mar '20 quarter and fundamental concerns remain. Sub par sales revenues growth rate leaves fundamental concerns, while earnings increases have been below the fact-based system's +25% minimum guideline (C criteria).
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ENTG - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Entegris Inc	$61.87	-0.10 -0.16%	$62.32	$63.80	-3.03%	746,081 80.74%	924,000
Most Recent Note for ENTG - 6/4/2020 12:34:31 PM Hit a new all-time high on the prior session with a volume-driven gain. Reported earnings +10% on +5% sales revenues for the Mar '20 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady after a downturn in FY '12.
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GLOB - NYSE - Computer-Tech Services Globant SA	$145.27	-5.52 -3.66%	$148.82	$152.59	-4.80%	257,890 63.68%	405,000
Most Recent Note for GLOB - 6/4/2020 12:38:36 PM Proposed a new Public Offering on the prior session after hitting a new 52-week high with recent gains lacking great volume conviction. Bullish action has followed its latest report of earnings +28% on +31% sales revenues for the Mar '20 quarter versus the year ago period, continuing its strong earnings track record. It formed a deep cup but not a sound base pattern as it rebounded impressively since dropped from the Featured Stocks list on 2/27/20. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$29.15	-0.53 -1.79%	$29.36	$31.30	-6.87%	842,654 94.47%	892,000
Most Recent Note for GMAB - 6/4/2020 12:38:56 PM Reported Mar '20 quarterly earnings +200% on +48% sales revenues versus the year ago period its 3rd consecutive strong quarterly comparison. Impressively rebounded and it is extended from any sound base, perched near its all-time high following a streak of gains after a deep "V" shaped consolidation. Limited history remains a concern and has not been a good match with the fundamental guidelines of the fact-based investment system.
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GSX - NYSE - Consumer Svcs-Education GSX Techedu Inc Cl A Ads	$41.66	+2.16 5.47%	$42.40	$46.40	-10.22%	3,837,010 62.50%	6,139,000
Most Recent Note for GSX - 6/4/2020 12:39:55 PM Found support above its 200 DMA line during its consolidation and it has been rebounding toward its 52-week high. Reported strong sales revenues and earnings increases in the Dec '19 and Mar '20 quarterly comparisons versus the year ago periods. Prior mid-day reports cautioned members - "Limited history is a concern. This China-based Consumer Services - Education firm completed its $10.50 IPO on 6/06/19 and completed a Secondary Offering on 11/21/19."
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LSCC - NASDAQ - ELECTRONICS - Semiconductor - Specialized Lattice Semiconductor	$27.09	+0.75 2.85%	$27.41	$26.76	1.23%	929,921 60.66%	1,533,000
Most Recent Note for LSCC - 6/4/2020 12:40:50 PM Hitting a new 52-week high with today's 5th consecutive gain with ever increasing volume. Reported earnings +36% on -1% sales revenues for the Mar '20 quarter. Sub par sales revenues growth and its erratic annual earnings history (A criteria) leave fundamental concerns.
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MHH - AMEX - Comml Svcs-Staffing Mastech Holdings Inc	$20.08	-0.32 -1.54%	$20.73	$20.50	-2.07%	31,025 70.51%	44,000
Most Recent Note for MHH - 6/4/2020 12:41:27 PM The 6/02/20 mid-day report noted - "Rebounded impressively and it is inching into new all-time high territory. Did not form a sound base pattern yet found 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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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$409.02	-5.56 -1.34%	$424.01	$425.00	-3.76%	627,727 81.31%	772,000
Most Recent Note for NTES - 6/4/2020 12:42:29 PM Hitting a new all-time high on the prior session with its 4th consecutive volume-driven gain. Prior mid-day reports cautioned members - "Reported Mar '20 quarterly earnings +18% on +12% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). 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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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$47.93	-0.28 -0.58%	$48.72	$49.06	-2.30%	111,455 107.17%	104,000
Most Recent Note for NVMI - 6/4/2020 12:43:33 PM This Semiconductor Equipment firm headquartered in Israel has been stubbornly holding its ground near its all-time high following an impressive spurt of volume-driven gains. Reported Mar '20 earnings +27% on +8% sales revenues versus the year ago period. Prior quarterly comparisons were negative, not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down.
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SNY - NYSE - DRUGS - Drug Manufacturers - Other Sanofi	$50.01	+0.43 0.87%	$50.41	$51.84	-3.53%	1,578,645 66.19%	2,385,000
Most Recent Note for SNY - 6/4/2020 12:52:33 PM Perched within striking distance of its 52-week high. Reported earnings +46% on +5% sales revenues for the Mar '20 quarter. Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has been below the fundamental guidelines of the fact-based investment system.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$25.44	+1.73 7.30%	$25.53	$29.24	-13.00%	115,155 73.35%	157,000
Most Recent Note for SPNS - 6/4/2020 12:54:34 PM It was dropped from the Featured Stocks list on 5/28/20 based on technical and fundamental deterioration. Encountered distributional pressure recently, yet found prompt support above its 50 and 200 DMA lines. Recently reported Mar '20 quarterly earnings +18% on +18% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria), raising fundamental concerns.
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THO - NYSE - AUTOMOTIVE - Recreational Vehicles Thor Industries Inc	$100.22	+5.66 5.98%	$101.91	$96.38	3.98%	872,767 80.37%	1,086,000
Most Recent Note for THO - 6/4/2020 12:56:20 PM Hitting a new 52-week high with today's 5th consecutive gain. Overhead supply remains. Reported earnings +3% on +55% sales revenues for the Mar '20 quarter. Fundamental concerns remain following a streak of negative quarterly comparisons. It was dropped from the Featured Stocks list on 2/02/18 and went through a deep consolidation.
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$54.01	+0.95 1.78%	$54.20	$60.64	-10.94%	5,457,435 58.73%	9,293,000
Most Recent Note for TSM - 6/4/2020 12:59:33 PM Consolidating above its 50 and 200 DMA lines. 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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WSTG - NASDAQ - Wholesale-Electronics Wayside Tech Group Inc	$24.00	+0.75 3.23%	$24.23	$24.45	-1.84%	16,162 67.34%	24,000
Most Recent Note for WSTG - 6/4/2020 1:00:00 PM Perched at its 52-week high today. Following a recent spurt of volume-driven gains it stubbornly held its ground. Prior mid-day reports cautioned members - "Reported earnings +50% on +40% sales revenues for the Mar '20 quarter versus the year ago period. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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ZM - NASDAQ - Computer Sftwr-Enterprse Zoom Video Comm Cl A	$213.83	-10.05 -4.49%	$223.00	$224.46	-4.74%	10,918,139 75.87%	14,390,000
Most Recent Note for ZM - 6/4/2020 1:00:43 PM Reported earnings +567% on +169% sales revenues for the Apr '20 quarter versus the year ago period, substantially beating estimates. Prior quarterly comparisons also showed very strong sales revenues and great earnings increases well above the +25% minimum guideline (C criteria). Volume and volatility often increase near earnings news. Very extended from any sound base, it is pulling back today after powering into new all-time high territory with 5 consecutive volume-driven gains. Patient investors may wait for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Found prompt support at its 50 DMA line on pullbacks during its ongoing ascent. Completed its $36.00 IPO on 4/18/19. Limited annual history (A criteria) is a concern.
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