Mid-Day Breakouts Report - Wednesday, July 7th, 2021

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 7TH, 2021
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DOW 34668.78 91.41 (0.26%) | NASDAQ 14687.18 23.54 (0.16%) | S&P 500 4356.52 12.98 (0.30%)

Time of Screening : 7/7/2021 12:25:32 PM Report Released : 7/7/2021 1:11:17 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
DOCU - NASDAQ Docusign Inc	$293.14	+4.96 1.72%	$293.65	2,241,808 72.15% of 50 DAV 50 DAV is 3,107,000	$293.61 -0.16%	7/6/2021	$288.96	PP = $290.33 MB = $304.85
Most Recent Note - 7/7/2021 12:29:45 PM Y - Wedging into new high territory with today's gain backed by above average volume. Highlighted in yellow with pivot point cited based on its 9/02/20 high plus 10 cents. A gain and strong close above the pivot point cited backed by at least +40% above average volume may trigger a convincing new (or add-on) technical buy signal. Fundamentals remain strong after reporting very strong Apr '21 quarterly results. It went through a choppy consolidation then rebounded since noted on 3/03/21 when dropped from the Featured Stocks list. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2021. Click here.
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SHOP - NYSE Shopify Inc	$1,534.97	-3.07 -0.20%	$1,587.74	1,221,260 81.74% of 50 DAV 50 DAV is 1,494,000	$1,552.23 -1.11%	7/2/2021	$1,468.00	PP = $1,552.23 MB = $1,629.84
Most Recent Note - 7/7/2021 1:04:06 PM Y - Reversed into the red today after hitting a new high. A new pivot point was recently cited based on its 6/21/21 high while building on a cup-with-high-handle base. Confirming gains with at least +40% above average volume for new highs would trigger a new (or add-on) technical buy signal and be a reassuring sign of fresh institutional buying demand. >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2021. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMEH - NASDAQ - Medical-Managed Care Apollo Medical Holdings	$76.69	+2.54 3.43%	$78.46	$74.49	2.95%	416,823 101.91%	409,000
Most Recent Note for AMEH - 7/7/2021 12:26:31 PM Extended from any sound base and hitting yet another new 52-week high today. Stubbornly held its ground following an impressive spurt of gains marked by above average volume. Prior mid-day reports noted - "Fundamental concerns remain due to its erratic annual earnings history."
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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$25.70	+0.39 1.54%	$25.84	$28.10	-8.54%	192,512 111.93%	172,000
Most Recent Note for CSWC - 7/7/2021 12:27:41 PM Rebounding above its 50 DMA line ($25.28) with today's 4th consecutive gain after damaging volume-driven losses. Pulled back from its 52-week high following a 6/14/21 Special Dividend. Prior mid-day reports repeatedly noted - "Quarterly earnings increases through Mar '21 have been below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$62.73	+1.22 1.98%	$62.86	$61.86	1.41%	867,350 60.36%	1,437,000
Most Recent Note for DT - 7/7/2021 12:36:18 PM Wedging into new high territory with today's 4th consecutive gain, getting extended from prior highs in the $56 area. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Fundamentals through the Mar '21 quarter have been strong, however sequential quarterly comparisons show deceleration in its earnings growth rate. Since last noted on 5/04/21 when dropped from the Featured Stocks list it found support at its 200 DMA line then made steady progress.
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EXR - NYSE - REAL ESTATE - REIT - Diversified/Industrial Extra Space Storage Inc	$170.42	-0.43 -0.25%	$171.88	$171.43	-0.59%	441,221 63.30%	697,000
Most Recent Note for EXR - 7/7/2021 12:38:49 PM Steadily wedging to new all-time highs. Through Mar '21 quarterly results were below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 3/22/21. Has a new CEO as of late Dec '16. Last noted with caution in the 11/30/20 mid-day report - "This REIT has a very strong annual earnings (A criteria) history. Completed new Public Offerings on 6/16/15, 11/06/13, 11/07/12 and 4/20/12."
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FANG - NASDAQ - Oil&Gas-U S Expl&Prod Diamondback Energy Inc	$87.94	-3.23 -3.54%	$92.65	$102.53	-14.23%	1,582,363 63.14%	2,506,000
Most Recent Note for FANG - 7/7/2021 12:40:51 PM Pulling back from its 52-week high hit last week after volume-driven gains. Prior mid-day reports cautioned members - "It faces resistance due to old overhead supply. The Mar '21 quarterly comparison versus the year ago period was very strong. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's strict fundamental guidelines. Completed a new Public Offering on 12/14/16 and went through a long and choppy consolidation. It completed a Secondary Offering on 6/24/14."
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FHN - NYSE - BANKING - Regional - Southeast Banks First Horizon Natl Corp	$16.54	-0.10 -0.60%	$16.68	$19.44	-14.92%	3,509,604 78.23%	4,486,000
Most Recent Note for FHN - 7/7/2021 12:42:03 PM Slumping well below its 50 DMA line. The prior mid-day report cautioned members - "Quarterly earnings history (C criteria) is not a match with the fact-based investment system's fundamental guidelines."
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GPI - NYSE - SPECIALTY RETAIL - Auto Dealerships Group I Automotive Inc	$149.02	-0.66 -0.44%	$150.65	$175.04	-14.87%	118,925 72.08%	165,000
Most Recent Note for GPI - 7/7/2021 12:43:31 PM Sputtering below its 50 DMA line ($160) which acted as resistance after last noted with caution in the 6/28/21 mid-day report - "Reported Mar '21 quarterly earnings +236% on +12% sales revenues versus the year ago period. The 3 prior quarterly comparisons through Dec '20 were above the +25% minimum earnings guideline (C criteria) versus the year ago periods but with waning sales revenues, an indication of no great demand for new products or services (N criteria). Its annual earnings (A criteria) history has been good."
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IMOS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Chipmos Technologies Ltd	$36.23	+1.49 4.29%	$36.48	$36.31	-0.22%	24,685 123.43%	20,000
Most Recent Note for IMOS - 7/7/2021 12:44:44 PM Gapped up today hitting a new 52-week high after a choppy consolidation. This Taiwanese Electronics - Semiconductor Manufacturing firm reported earnings +42% on +23% sales revenues for the Mar '21 quarter versus the year ago period, its 2nd strong quarter. Prior comparisons have been erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a slight downturn in FY '20.
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LYG - NYSE - BANKING - Foreign Regional Banks Lloyds Banking Group Adr	$2.52	+0.00 0.00%	$2.55	$2.83	-10.95%	4,024,958 75.42%	5,337,000
Most Recent Note for LYG - 7/7/2021 12:45:12 PM Slumped below its 50 DMA liner since noted with caution in the 6/03/21 mid-day report - "UK - based Financial firm has an erratic earnings history."
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MCB - NYSE - Banks-Northeast Meteropolitan Bank Hldg	$59.68	-0.23 -0.38%	$60.31	$66.40	-10.12%	23,866 64.50%	37,000
Most Recent Note for MCB - 7/7/2021 12:47:51 PM Slumped from near its 52-week high and below its 50 DMA line ($62.94). Reported Mar '21 quarterly earnings +47% on +6% sales revenues versus the year ago period. The 4 latest quarterly comparisons have shown strong earnings growth above the +25% minimum guideline (C criteria), but sub par sales revenues growth leaves fundamental concerns. Its annual earnings (A criteria) history has been strong since its $35 IPO on November 8, 2017.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$822.23	-5.71 -0.69%	$835.00	$833.68	-1.37%	6,049,745 61.98%	9,761,000
Most Recent Note for NVDA - 7/7/2021 12:50:21 PM Posted 7 consecutive weekly gains and it was noted in prior mid-day reports - "Recently wedging into new all-time high territory with gains lacking great volume conviction, very extended from any sound base. Stubbornly held its ground after an impressive spurt of volume-driven gains. Reported Apr '21 quarterly earnings +103% on +84% sales revenues versus the year ago period, marking its 6th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria) with sequential comparisons showing impressive acceleration in its sales revenues growth rate. Downturn in FY '20 annual earnings (A criteria) history was noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20."
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$388.49	-3.41 -0.87%	$393.53	$403.00	-3.60%	655,932 68.47%	958,000
Most Recent Note for PANW - 7/7/2021 12:53:31 PM Perched within striking distance of its all-time high after a choppy consolidation since last noted in the 2/23/21 mid-day report. Reported Apr '21 earnings +18% on +24% sales revenues versus the year ago period. The 2 prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Went through a deep and choppy consolidation and rebounded impressively since dropped from the Featured Stocks list on 5/13/19.
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RH - NYSE - RETAIL - Home Furnishing Stores Restoration Hardware Hld	$709.52	+18.82 2.72%	$724.01	$733.05	-3.21%	508,587 85.05%	598,000
Most Recent Note for RH - 7/7/2021 12:57:47 PM Nearly challenging its 52-week high with today's considerable gain backed by above average volume. Faces little resistance due to overhead supply up to the $733 level. Bullish action came after it reported Apr '21 quarterly earnings +285% on +78% sales revenues versus the year ago period, its 4th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since a downturn in FY '17.
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SC - NYSE - ENERGY - Major Integrated Oil & Gas Santander Cons USA Hldgs	$40.17	+0.09 0.21%	$40.30	$41.10	-2.27%	644,747 74.11%	870,000
Most Recent Note for SC - 7/7/2021 12:58:20 PM Gapped up on 7/02/21 hitting a new all-time high. Recently found support at its 50 DMA line. Reported +203% earnings on +3% sales revenues for the Mar '21 quarter versus the year ago period. Prior 2 quarterly earnings increases were also well above the +25% minimum guideline (C criteria) but sub par sales revenues growth remains a concern, fundamentally. Annual earnings (A criteria) growth has been strong following a downturn in FY '17. Went through a long and deep consolidation since its $24 IPO on 1/23/14.
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SFST - NASDAQ - Banks-Southeast Southern First Bancshrs	$49.11	-0.40 -0.81%	$49.57	$56.42	-12.96%	16,765 67.06%	25,000
Most Recent Note for SFST - 7/7/2021 12:58:45 PM Pulled back from its all-time high and slumped below its 50 DMA line ($52.43). Prior mid-day reports noted - "Reported earnings +264% on +3% sales revenues for the Mar '21 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20."
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SGH - NASDAQ - Computer-Data Storage Smart Global Holdings	$57.20	+9.65 20.29%	$58.39	$57.69	-0.85%	2,379,872 806.74%	295,000
Most Recent Note for SGH - 7/7/2021 1:01:47 PM Powering to a new 52-week high with today's gap up and considerable volume-driven gain. Reported +99% earnings on +56% sales revenues for the May '21 quarter versus the year ago period, its 5th consecutive strong quarterly earnings comparison above the +25% minimum guideline (C criteria). Last noted in the 4/27/21 mid-day report - "Mostly sub par sales revenues growth rate and its poor annual earnings history (A criteria) are concerns, fundamentally. Has a new CEO as of 8/31/20. Completed its $121 IPO on 5/24/17 and completed a Secondary Offering on 11/30/17."
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SNX - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synnex Corp	$117.75	+1.38 1.18%	$118.11	$130.55	-9.81%	161,553 61.43%	263,000
Most Recent Note for SNX - 7/7/2021 1:06:06 PM Managed a "positive reversal" from today's early low. Slumped from its all-time high and then its 50 DMA line ($123) acted as resistance following volume-driven losses. Reported earnings +66% on +31% sales revenues for the May '21 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the minimum +25% earnings guideline (C criteria) with its sales revenues growth rate showing acceleration.
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TOWN - NASDAQ - BANKING - Regional - Southeast Banks Townebank	$30.23	+0.63 2.13%	$30.36	$33.25	-9.08%	91,089 58.77%	155,000
Most Recent Note for TOWN - 7/7/2021 1:06:31 PM Reported Mar '21 quarterly earnings +164% on +20% sales revenues versus the year ago period. Slumped well below its 50 DMA line since challenging multi-year highs when noted in the 3/19/21 mid-day report with caution - "Reported earnings +47% on +13% sales revenues for the Dec '20 quarter versus the year ago period. Fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history has not been strong."
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WB - NASDAQ - INTERNET - Content Weibo Corp	$59.82	+2.08 3.59%	$64.70	$63.55	-5.88%	4,566,763 289.95%	1,575,000
Most Recent Note for WB - 7/7/2021 1:11:09 PM Hitting a new 52-week high with today's 2nd consecutive big volume-driven gain. Faces some resistance due to old overhead supply. Reported strong results for the Mar '21 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. It was dropped from the Featured Stocks list on 4/25/18.
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