Mid-Day Breakouts Report - Monday, August 23rd, 2021

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MIDDAY BREAKOUTS REPORT - MONDAY, AUGUST 23RD, 2021
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DOW 35389.26 269.18 (0.77%) | NASDAQ 14933 218.34 (1.48%) | S&P 500 4485.12 43.45 (0.98%)

Time of Screening : 8/23/2021 12:17:58 PM Report Released : 8/23/2021 12:43:19 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
REGN - NASDAQ Regeneron Pharmaceutical	$666.62	+3.35 0.51%	$671.49	562,799 70.88% of 50 DAV 50 DAV is 794,000	$674.07 -1.11%	8/20/2021	$669.82	PP = $664.74 MB = $697.98
Most Recent Note - 8/23/2021 12:38:56 PM Y - Perched at its all-time high today while adding to an impressive spurt of volume-driven gains. Highlighted in yellow with pivot point cited based on its 7/20/20 high plus 10 cents in the 8/20/21 mid-day report. Subsequent gains and a strong close above its pivot point backed by at least +40% above average volume may trigger a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2021. Click here.
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UMC - NYSE United Microelectrnc Adr	$10.58	+0.21 1.98%	$10.69	4,935,712 75.34% of 50 DAV 50 DAV is 6,551,000	$11.71 -9.69%	8/5/2021	$11.62	PP = $11.38 MB = $11.95
Most Recent Note - 8/23/2021 12:43:13 PM Y - Posting a 2nd consecutive volume-driven gain today. Pulled back below its pivot point retesting support at its 50 DMA line ($9.86) with volume-driven losses last week indicative. Stalled since reaching a new 52-week high. A violation of its 50 DMA line would raise concerns and trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2021. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AB - NYSE - Finance-Investment Mgmt Alliancebernstein Hld Lp	$51.04	+0.25 0.49%	$51.24	$51.39	-0.68%	151,469 63.11%	240,000
Most Recent Note for AB - 8/23/2021 12:19:04 PM Perched at multi-year highs. Found prompt support near its 50 DMA line ($47.24). Prior mid-day reports noted - "Quarterly earnings increases through Jun '21 were not strong and steady above the +25% minimum guideline (C criteria) with strong sales revenues growth. Annual earnings growth (A criteria) has not been strong and steady."
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ATKR - NYSE - Bldg-Constr Prds/Misc Atkore International Grp	$86.03	-0.42 -0.49%	$87.85	$98.00	-12.21%	273,445 64.64%	423,000
Most Recent Note for ATKR - 8/23/2021 12:20:38 PM Retreated below prior high ($90) after recently spiking to a new all-time high. Reported earnings +491% on +122% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd very strong quarterly comparison. Annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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CSOD - NASDAQ - Comp Sftwr-Spec Enterprs Cornerstone Ondemand Inc	$56.79	+0.14 0.24%	$56.80	$57.00	-0.38%	512,808 66.08%	776,000
Most Recent Note for CSOD - 8/23/2021 12:20:53 PM Gapped up on 8/06/21 following M&A news. Through Jun '21 its quarterly and annual earnings history has been strong.
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DCOM - NASDAQ - BANKING - Savings & Loans Dime Community Bancshrs	$33.23	+0.01 0.03%	$33.56	$35.88	-7.39%	120,481 80.32%	150,000
Most Recent Note for DCOM - 8/23/2021 12:22:10 PM Perched within striking distance of its 52-week high. Reported strong Mar and Jun '21 quarterly results versus the year ago period. Prior quarterly comparisons had sub par earnings and sales revenues growth. Unimpressive annual earnings (A criteria) history also leaves fundamental concerns.
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DIOD - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Diodes Incorporated	$92.13	+1.90 2.11%	$92.60	$91.02	1.22%	201,277 100.14%	201,000
Most Recent Note for DIOD - 8/23/2021 12:24:35 PM Hitting a new 52-week high with today's 3rd consecutive gain backed by increasing volume. Reported strong Mar and Jun '21 quarterly results versus the year ago periods. Found prompt support at its 200 DMA line since last noted in the 2/22/21 mid-day report - "Reported earnings +14% on +16% sales revenues for the Dec '20 quarter. Sub par sales revenues growth remains a concern with regard to the fundamental guidelines of the fact-based investment system."
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$101.16	-2.90 -2.78%	$105.28	$104.05	-2.78%	99,253 74.63%	133,000
Most Recent Note for FN - 8/23/2021 12:26:10 PM There was a "negative reversal" after today's early gain. Abruptly rallied from below its 50 DMA line to hit a new all-time highs last week with 4 consecutive volume-driven gains. Reported earnings +36% on +26% sales revenues for the Jun '21 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has not been strong and steady.
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GLOB - NYSE - Computer-Tech Services Globant SA	$301.97	+5.53 1.87%	$304.24	$296.70	1.78%	195,282 81.03%	241,000
Most Recent Note for GLOB - 8/23/2021 12:26:46 PM Hitting new all-time highs with today's 10th consecutive volume-driven gain. Reported Jun '21 quarterly earnings +96% on +67% sales revenues versus the year ago period, its 2nd strong comparison. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Formed a deep cup then rebounded and rallied impressively since dropped from the Featured Stocks list on 2/27/20. Completed a new Public Offering on 6/05/20.
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GMED - NYSE - CHEMICALS - Specialty Chemicals Globus Medical Inc Cl A	$77.85	-0.01 -0.01%	$78.06	$83.94	-7.26%	307,340 74.60%	412,000
Most Recent Note for GMED - 8/23/2021 12:28:08 PM Pulled back from its 52-week high and it is consolidating near its 50 DMA line. Reported earnings +700% on +69% sales revenues for the Jun '21 quarter but fundamental concerns remain. It was dropped from the Featured Stocks list on 11/28/18.
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GOOGL - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl A	$2,813.25	+64.66 2.35%	$2,817.49	$2,767.25	1.66%	750,274 58.85%	1,275,000
Most Recent Note for GOOGL - 8/23/2021 12:29:07 PM Extended from any sound base and hitting new all-time highs with today's gains. Reported Jun '21 quarterly earnings +189% on +62% sales revenues versus the year ago period. Earnings rose +99% on +34% sales revenues for the Mar '21 quarter versus the year ago period. Quarterly comparisons have shown impressive acceleration above the +25% minimum earnings guideline (C criteria). This large-cap company is already heavily owned by 5,766 top-rated institutional investors (I criteria).
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ILMN - NASDAQ - DRUGS - Biotechnology Illumina Inc	$482.56	-4.15 -0.85%	$492.29	$555.77	-13.17%	373,411 62.97%	593,000
Most Recent Note for ILMN - 8/23/2021 12:30:19 PM Gapped down on 8/19/21 retreating from near its all-time high. Finding prompt support near its 50 DMA line ($483). Reported earnings +202% on +78% sales revenues for the Jun '21 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
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INMD - NASDAQ - Medical-Systems/Equip Inmode Ltd	$119.61	+1.09 0.92%	$122.92	$118.98	0.53%	594,299 92.00%	646,000
Most Recent Note for INMD - 8/23/2021 12:31:31 PM Hitting a new high today and getting very extended from any sound base. Found support while consolidating above its 50 DMA line in recent weeks. Reported Jun '21 quarterly earnings +325% on +184% sales revenues versus the year ago period, marking its 4th consecutive quarterly comparison above the fact-based investment system's +25% minimum earnings guideline (C criteria). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Went through a long and deep consolidation and rebounded impressively since noted with caution in the 11/29/19 mid-day report - "Limited history is a concern for this Israel-based Medical - Systems/Equipment firm since its $14 IPO on 8/08/19."
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INOV - NASDAQ - COMPUTER SOFTWARE and SERVICES - Healthcare Information Service Inovalon Holdings, Inc	$40.23	+0.05 0.11%	$40.33	$40.50	-0.68%	1,211,117 181.30%	668,000
Most Recent Note for INOV - 8/23/2021 12:32:01 PM Very extended from any sound base, it gapped up on 8/19/21 hitting another new 52-week high. There was a noted gap up and volume-driven gain on 7/27/21. Found support at its 50 DMA line in recent months when consolidating. Reported improved results in the Dec '20, Mar and Jun '21 quarters but fundamental concerns remain.
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INVA - NASDAQ - Medical-Biomed/Biotech Innoviva Inc	$15.57	-0.37 -2.32%	$16.37	$16.72	-6.88%	408,975 64.92%	630,000
Most Recent Note for INVA - 8/23/2021 12:35:00 PM Pulling back after hitting a new 52-week high last week. Reported earnings +30% on +28% sales revenues for the Jun '21 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Damaging volume-driven losses triggered technical sell signals when noted on 2/07/19 as it was dropped from the Featured Stocks list.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$217.25	+9.09 4.36%	$217.80	$208.75	4.07%	29,546,147 80.33%	36,780,000
Most Recent Note for NVDA - 8/23/2021 12:36:20 PM Spiking to a new all-time high with today's 3rd consecutive volume-driven gain. Managed a noted "positive reversal" on 8/19/21 session after early weakness undercutting its 50 DMA line ($196). Reported Jul '21 quarterly earnings +89% on +68% sales revenues versus the year ago period, marking its 7th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). However, the strong quarter marked the first deceleration in its sales revenues and earnings 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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SPSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S P S Commerce Inc	$126.58	+2.31 1.86%	$127.92	$124.37	1.78%	93,768 66.50%	141,000
Most Recent Note for SPSC - 8/23/2021 12:39:51 PM Hitting another new all-time high with today's gain adding to an impressive spurt. Reported Jun '21 quarterly earnings +24% on +25% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria). Its current Relative Strength Rating of 88 is above the 80+ minimum guideline for buy candidates.
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$23.22	+1.40 6.42%	$23.30	$26.00	-10.69%	267,543 80.10%	334,000
Most Recent Note for TGLS - 8/23/2021 12:41:45 PM Pulled back from its 52-week high undercutting the prior high ($24) but recently found support above its 50 DMA line ($20.19). Reported very strong Mar and Jun '21 quarterly results versus the year ago periods. Prior 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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