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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 19TH, 2020
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DOW 27868.28 90.21 (0.32%) | NASDAQ 11242.25 31.41 (0.28%) | S&P 500 3399.07 9.29 (0.27%)
Time of Screening : 8/19/2020 11:59:06 AM         Report Released : 8/19/2020 12:42:06 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
CHGG - NYSE
Chegg Inc
$76.97 -1.25
-1.60%
$77.70 2,523,144
69.36% of 50 DAV
50 DAV is 3,638,000
$89.82
-14.31%
6/17/2020 $63.71 PP = $68.08
MB = $71.48
Most Recent Note - 8/19/2020 12:10:15 PM
G - Churned heavier volume in recent weeks while pulling back, enduring distributional pressure after getting very extended from any sound base. Reported Jun '20 quarterly earnings +61% on +63% sales revenues versus the year ago period. Its 50 DMA line ($72.34) defines support to watch above its prior high in the $68 area. Any losses leading to violations would raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2020. Click here.
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
A - NYSE - Medical- Research Equipment/Services
Agilent Technologies Inc
$98.53 +0.67
0.68%
$99.40 $99.36 -0.84% 1,283,424
88.39%
1,452,000
Most Recent Note for A - 8/19/2020 12:03:51 PM
Fundamentals are sub par. Perched at its 52-week high.
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APPS - NASDAQ - Internet-Network Sltns
Digital Turbine Inc
$28.15 +1.55
5.83%
$28.28 $26.85 4.84% 2,071,267
69.86%
2,965,000
Most Recent Note for APPS - 8/19/2020 12:05:46 PM
Hitting yet another new all-time high today adding to an impressive streak of volume-driven gains. Very extended from any sound base. Quarterly comparisons through Jun '20 showed strong earnings increases above the +25% minimum guideline (C criteria) with encouraging acceleration in its sales revenues growth rate in sequential comparisons. After years of shrinking losses it had profitable results for its FY '19 and '20.
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BJ - NYSE - Retail-Discount&Variety
BJs Wholesale Club Hldgs
$43.77 +0.34
0.78%
$44.63 $44.30 -1.20% 1,299,464
64.17%
2,025,000
Most Recent Note for BJ - 8/19/2020 12:08:31 PM
Hitting new 52-week and all-time highs with today's 4th consecutive volume-driven gain. Due to report Jul '20 quarterly results before the open on Thursday, 8/20/20. Reported earnings +165% on +21% sales revenues for the Apr '20 quarter versus the year ago period. Fundamental concerns remain. Has a new CEO as of 2/03/20. Noted with caution in prior mid-day reports - "Unimpressive sales growth and quarterly earnings history (C criteria). Completed its new IPO at $17 on 6/28/19."

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CRH - NYSE - Bldg-Cement/Concrt/Ag
C R H Plc Adr
$39.84 -0.10
-0.25%
$39.84 $40.88 -2.54% 272,670
54.21%
503,000
Most Recent Note for CRH - 8/19/2020 12:11:29 PM
Irish Building - Cement firm has an erratic earnings history. Due to report earnings results.
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EVA - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production
Enviva Partners, LP
$42.58 +0.69
1.65%
$42.63 $43.42 -1.93% 70,108
72.28%
97,000
Most Recent Note for EVA - 8/19/2020 12:13:06 PM
Hovering near its all-time high, holding its ground after a recent streak of 6 consecutive gains marked by volume. Rebounded impressively after a deep pullback since noted with caution in the 2/13/20 mid-day report - "Fundamental concerns remain due to its erratic earnings history. Completed its $20 IPO on 4/29/15."
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EXPI - NASDAQ - Real Estate Dvlpmt/Ops
Exp Worldwide Holdings Inc
$40.97 +3.47
9.25%
$41.73 $37.96 7.93% 1,770,254
246.21%
719,000
Most Recent Note for EXPI - 8/19/2020 12:14:54 PM
This REIT is powering to yet another new all-time high with above average volume behind another gain in impressive streak of 12 gains in the span of 13 sessions. Prior mid-day reports cautioned - "Limited history and sub par fundamentals are a concern."
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line
First Solar Inc
$76.92 +2.51
3.37%
$77.50 $78.54 -2.06% 820,275
54.98%
1,492,000
Most Recent Note for FSLR - 8/19/2020 12:17:06 PM
Held its ground since gapping up on 8/07/20 for a new 52-week high with a considerable volume-driven gain. Faces no resistance due to overhead supply. Reported Jun '20 quarterly earnings of 35 cents per share versus a loss of 18 cents per share on +10% sales revenues versus the year ago period. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). It survived but failed to impress since dropped from the Featured Stocks list on 6/4/2008.
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GOLD - NYSE - METALS & MINING - Gold
Barrick Gold Corporation
$29.34 -0.71
-2.35%
$30.32 $31.22 -6.04% 13,844,360
77.39%
17,889,000
Most Recent Note for GOLD - 8/19/2020 12:18:34 PM
Gapped up on 8/17/20 and stalled after touching a new 52-week high. Found prompt support after briefly undercutting its 50 DMA line ($27.17) last week. Reported Jun '20 earnings +156% on +48% sales revenues versus the year ago period. Prior quarterly comparisons showed greatly accelerating sales revenues and earnings growth above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is a flaw. It was dropped from the Featured Stocks list on 3/14/12.
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HASI - NYSE - Finance-Mortgage REIT
Hannon Armstrong Sus Inf
$39.24 +1.31
3.45%
$39.32 $40.17 -2.32% 564,794
78.23%
722,000
Most Recent Note for HASI - 8/19/2020 12:21:34 PM
This REIT stalled but held its ground after touching a new all-time high last week. Completed a new Public Offering on 12/12/18. Quarterly earnings increases were strong in the Mar and Jun '20 periods versus the year ago, but prior comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been slow and steady.
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HD - NYSE - RETAIL - Home Improvement Stores
Home Depot Inc
$282.47 -2.53
-0.89%
$287.97 $290.58 -2.79% 2,118,604
58.40%
3,628,000
Most Recent Note for HD - 8/19/2020 12:22:44 PM
Extended from any sound base, it reversed into the red after touching a new all-time high on the prior session when noted with caution in the mid-day report - "Rebounded impressively after a deep pullback. Reported earnings +27% on +23% sales revenues for the Jul '20 quarter versus the year ago period, a strong improvement after 5 consecutive quarterly comparisons below the +25% minimum earnings guideline (C criteria). Sales revenues increases in prior quarterly comparisons versus the year ago periods were not especially strong. Annual earnings (A criteria) history has been strong. Has a new CEO as of 11/03/14."
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JD - NASDAQ - Retail-Internet
JD.com Inc Cl A Ads
$72.92 +2.60
3.70%
$73.08 $71.40 2.13% 9,991,411
77.20%
12,942,000
Most Recent Note for JD - 8/19/2020 12:23:49 PM
Hitting a new all-time high with today's 3rd consecutive volume-driven gain. Bullish action has continued after completing a new Public Offering on 6/11/20. Found prompt support at its 50 DMA line. Reported Jun '20 quarterly earnings +52% on +30% sales revenues versus the year ago period. This Chinese retailer's prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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LL - NYSE - RETAIL - Home Improvement Stores
Lumber Liquidators Hldgs
$27.01 +1.08
4.17%
$27.23 $26.02 3.80% 766,246
70.30%
1,090,000
Most Recent Note for LL - 8/19/2020 12:24:28 PM
Hitting yet another new 52-week high with today's 3rd consecutive gain. Reported Jun '20 quarterly earnings +233% on -20% sales revenues versus the year ago period. Annual earnings (A criteria) growth has not been strong and steady.
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Logitech Intl Sa
$75.22 +0.65
0.87%
$75.33 $75.92 -0.92% 258,900
53.49%
484,000
Most Recent Note for LOGI - 8/19/2020 12:25:34 PM
Perched at its all-time high, very extended from any sound base. Held its ground stubbornly throughout its recent ascent. Fundamental concerns remain. Reported Jun '20 quarterly earnings +64% on +23% sales revenues versus the year ago period, and sequential comparisons show encouraging acceleration in its sales revenues growth rate. However, this Switzerland-based Computer - Hardware/Peripherals firm's prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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LOW - NYSE - RETAIL - Home Improvement Stores
Lowes Companies Inc
$158.67 +0.76
0.48%
$162.89 $160.61 -1.21% 5,311,608
137.14%
3,873,000
Most Recent Note for LOW - 8/19/2020 12:26:14 PM
Hitting yet another new all-time high today, extended from any sound base. Rebounded and rallied impressively after a deep slump in March 2020. Reported earnings +45% on +11% sales revenues for the Apr '20 quarter. Prior comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and its sub par sales revenues growth rate is not a match with the fact-based investment system's winning models.

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MGIC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Magic Software Enter Ltd
$16.41 +0.58
3.63%
$16.87 $15.88 3.34% 112,929
171.10%
66,000
Most Recent Note for MGIC - 8/19/2020 12:26:40 PM
Hitting yet another new 52-week high with today's 7th consecutive volume-driven gain. Found support while consolidating above its 50 DMA line ($11.90) in recent weeks. Managed an impressive rebound from the March low ($6.31). Reported Jun '20 quarterly earnings +21% on +12% sales revenues versus the year ago period. Prior mid-day reports repeatedly cautioned members - "Reported earnings +36% on +19% sales revenues for the Mar '20 quarter. This Israel-based Computer - Tech Services firm's prior quarterly earnings history has been below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been lackluster."
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MITK - NASDAQ - Comp Sftwr-Spec Enterprs
Mitek System Inc
$12.84 +0.09
0.67%
$13.03 $12.95 -0.85% 244,473
54.81%
446,000
Most Recent Note for MITK - 8/19/2020 12:29:47 PM
It faces no resistance due to overhead supply and has been holding its ground stubbornly while it is on track today for a 6th consecutive gain marked by volume. Reported earnings +33% on +16% sales revenues for the Jun '20 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history included a small downturn in FY '18.
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NLOK - NASDAQ - Computer Sftwr-Security
Nortonlifelock Inc
$23.11 +0.26
1.14%
$23.73 $23.66 -2.32% 3,067,132
50.40%
6,086,000
Most Recent Note for NLOK - 8/19/2020 12:32:29 PM
Reversed into the red today after touching new 52-week and all-time highs. Stalled after last noted in the 8/07/20 mid-day report as a considerable volume-driven gain helped it clear an orderly base - "Reported Jun '20 quarterly earnings +48% on -6% sales revenues versus the year ago period. 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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OSB - NYSE - Bldg-Wood Prds
Norbord Inc
$35.59 +1.44
4.22%
$36.43 $35.06 1.51% 178,755
69.02%
259,000
Most Recent Note for OSB - 8/19/2020 12:36:08 PM
Hitting a new 52-week high today. Reported strong quarterly earnings in the Mar and Jun '20 comparisons versus year ago losses. Waning sales revenues and a loss in FY '19 are fundamental concerns.
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services
Ritchie Bros Auctioneers
$63.70 +0.97
1.55%
$64.08 $64.17 -0.73% 266,212
52.82%
504,000
Most Recent Note for RBA - 8/19/2020 12:36:37 PM
Stubbornly holding its ground after powering well above prior highs in the $45 area with an impressive streak of volume-driven gains. Rebounded impressively after a deep pullback. Prior mid-day reports noted - "Reported earnings +10% on -1% sales revenues for the Jun '20 quarter versus the year ago period. 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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SBSW - NYSE - Mining-Gold/Silver/Gems
Sibanye Stillwater Adr
$12.09 -0.53
-4.20%
$12.29 $13.27 -8.89% 1,572,455
63.89%
2,461,000
Most Recent Note for SBSW - 8/19/2020 12:38:26 PM
Pulling back for a 2nd consecutive session after recently challenging its 52-week high. Fundamental concerns remain for this South Africa based gold mining firm.
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SGC - NASDAQ - Comml Svcs-Outsourcing
Superior Group of Companies
$22.82 +0.21
0.93%
$22.83 $23.68 -3.63% 47,569
86.49%
55,000
Most Recent Note for SGC - 8/19/2020 12:40:20 PM
Holding its ground stubbornly after spiking higher with recent volume-driven gains. Bullish action came after it reported Jun '20 earnings +456% on +73% sales revenues. The 8/06/20 mid-day report last noted - "Fundamental concerns remain. Prior quarterly and annual earnings history (C and A criteria) has not been strong and steady, failing to meet the fact-based investment system's guidelines. Shares split 2:1 effective 2/05/15."
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YETI - NYSE - Leisure-Products
Yeti Holdings Inc
$50.65 +1.27
2.57%
$50.94 $55.04 -7.98% 959,120
62.28%
1,540,000
Most Recent Note for YETI - 8/19/2020 12:41:53 PM
There was "negative reversal" when last noted with caution in the 8/06/20 mid-day report - "Hit yet another new all-time high today, getting very extended from prior highs in the $38 area. Reported earnings +37% on +7% sales revenues for the Jun '20 quarter versus the year ago period, its 4th consecutive quarterly earnings increase above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Limited annual earnings (A criteria) history is a concern. Completed Secondary Offerings on 5/12/20, 2/20/20, 11/08/19 and 5/08/19 after its $18 IPO on 10/25/18."
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