Mid-Day Breakouts Report - Thursday, September 3rd, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 3RD, 2020
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DOW 28532.69 -567.81 (-1.95%) | NASDAQ 11535 -521.44 (-4.32%) | S&P 500 3477.87 -102.97 (-2.88%)

Time of Screening : 9/3/2020 12:25:51 PM Report Released : 9/3/2020 12:58:02 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 80% 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
LGIH - NASDAQ L G I Homes Inc	$114.57	-8.35 -6.79%	$123.30	305,976 94.44% of 50 DAV 50 DAV is 324,000	$123.94 -7.56%	7/7/2020	$99.19	PP = $95.82 MB = $100.61
Most Recent Note - 9/3/2020 12:37:56 PM G - Pulling back abruptly today after challenging its 52-week high. It did not form a sound new base of sufficient length. Its 50 DMA line ($108.42) defines near-term support to watch above the prior low ($104.24 on 8/11/20). Reported Jun '20 quarterly earnings +21% on +4% sales revenues, breaking a streak of 4 comparisons above the +25% minimum guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AEIS - NASDAQ - ELECTRONICS - Diversified Electronics Advanced Energy Inds	$74.25	-2.21 -2.88%	$75.87	$82.26	-9.74%	331,794 131.66%	252,000
Most Recent Note for AEIS - 9/3/2020 12:26:38 PM Reported earnings +162% on +152% sales revenues for the Jun '20 quarter versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain as when noted in prior mid-day reports with caution - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$356.91	-18.10 -4.83%	$368.90	$378.96	-5.82%	1,544,684 89.70%	1,722,000
Most Recent Note for AVGO - 9/3/2020 12:27:42 PM Abruptly reversing from a new all-time high with today's big loss following 4 consecutive gains backed by ever-increasing volume. Reported earnings -1% on +4% sales revenues for the May '20 quarter. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) with sub par sales revenues growth noted.
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BMCH - NASDAQ - Bldg-Constr Prds/Misc BMC Stock Holdings Inc	$39.88	-1.13 -2.76%	$40.65	$42.33	-5.79%	641,918 98.91%	649,000
Most Recent Note for BMCH - 9/3/2020 12:27:52 PM Perched near its 52-week high after gapping up on 8/27/20 M&A news. Noted with caution in prior mid-day reports - "Fundamental concerns remain due to sub par sales revenues growth. Up and down quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines. New CEO 10/01/18. Completed a Secondary Offering on 3/15/17."
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BNSO - NASDAQ - MANUFACTURING - Diversified Machinery Bonso Electronic Intl	$3.81	-0.04 -1.04%	$3.95	$3.90	-2.31%	14,713 147.13%	10,000
Most Recent Note for BNSO - 9/3/2020 12:29:43 PM Perched at its 52-week high today after 4 consecutive volume-driven gains. 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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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$20.87	-0.23 -1.09%	$21.38	$21.76	-4.09%	120,293 185.07%	65,000
Most Recent Note for CLFD - 9/3/2020 12:30:18 PM Hit new multi-year highs with a big volume-driven gain on the prior session. Held its ground after a big gap up on 7/24/20 and several considerable volume-driven gains. Prior mid-day reports noted - "Reported earnings +120% on +19% sales revenues for the Jun '20 quarter. Prior quarterly earnings comparisons 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 system's fundamental guidelines."
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COUP - NASDAQ - Computer Sftwr-Enterprse Coupa Software Inc	$304.32	-23.64 -7.21%	$318.01	$353.55	-13.92%	1,008,591 82.67%	1,220,000
Most Recent Note for COUP - 9/3/2020 12:34:09 PM It did not form a sound base yet no resistance remains due to overhead supply. Gapped down today abruptly retreating from its all-time high and retesting support at its 50 DMA line ($300). Quarterly comparisons through Apr '20 showed very strong sales revenues growth and great earnings increases. After years of losses it has posted solid FY '19 and '20 annual earnings (A criteria) results. Based on the company's guidance, the consensus estimate is currently for -27% lower FY '21 earnings per share.
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DAR - NYSE - Agricultural Operations Darling International	$32.25	-0.32 -0.98%	$32.73	$33.73	-4.39%	1,046,768 92.72%	1,129,000
Most Recent Note for DAR - 9/3/2020 12:35:25 PM Hovering near its 52-week and all-time highs since last noted in the 8/10/20 mid-day report - "Recent quarterly comparisons through Jun '20 showed great earnings improvement, but sales revenues growth has been flat. Annual earnings history included a downturn in FY '17."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$84.01	-4.79 -5.39%	$88.00	$93.00	-9.67%	41,900 97.44%	43,000
Most Recent Note for GRVY - 9/3/2020 12:35:44 PM Reported Jun '20 quarterly earnings +16% on +9% sales revenues versus the year ago period. Prior quarterly comparisons showed waning sales revenues and lower earnings versus the year ago periods. Limited annual earnings (A criteria) history is a concern for this Korean Computer Software firm.
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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$77.44	-5.77 -6.93%	$81.69	$86.58	-10.56%	11,310,370 92.04%	12,288,000
Most Recent Note for JD - 9/3/2020 12:36:38 PM Abruptly retreating from its all-time high with today's big loss. 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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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$71.10	-4.50 -5.95%	$74.01	$76.53	-7.10%	491,574 100.53%	489,000
Most Recent Note for LOGI - 9/3/2020 12:39:22 PM Testing its 50 DMA line ($70.87) today while abruptly retreating from its all-time high after getting 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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MDJH - NASDAQ - Real Estate Dvlpmt/Ops MDJM Ltd	$4.55	-0.26 -5.45%	$4.98	$5.07	-10.26%	11,614 82.96%	14,000
Most Recent Note for MDJH - 9/3/2020 12:41:01 PM Chinese firm with sub par fundamentals.
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MEET - AMEX - Internet-Content Meetme Inc	$6.30	-0.01 -0.08%	$6.30	$7.00	-10.07%	784,857 96.78%	811,000
Most Recent Note for MEET - 9/3/2020 12:41:18 PM Hovering near its 52-week high in a tight range in recent months following M&A news. Reported earnings +136% on +74% sales revenues for the Jun '20 quarter. Three of the 4 latest quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history was noted as a concern.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.48	-0.36 -1.43%	$24.72	$25.24	-3.03%	1,609,954 162.62%	990,000
Most Recent Note for NOMD - 9/3/2020 12:41:35 PM In recent weeks it has stubbornly held its ground and wedged higher after rallying above the $22-23 area which previously acted as stubborn resistance. Reported Jun '20 quarterly earnings +23% on +10% sales revenues versus the year ago period. Prior earnings and sales revenues growth history was not strong and steady.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$528.51	-45.35 -7.90%	$555.38	$589.07	-10.28%	13,661,771 128.39%	10,641,000
Most Recent Note for NVDA - 9/3/2020 12:43:08 PM Abruptly retreating from its all-time highs with a big loss today following 4 consecutive volume-driven gains. Stubbornly held its ground during its ongoing ascent, and it is very extended from any sound base. Action has been bullish since it completed the Mellanox Technologies (MLNX) acquisition on 4/27/20. Reported Jul '20 quarterly earnings +76% on +50% sales revenues versus the year ago period, marking its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) with strong underlying sales revenues increases. The 4 prior quarterly comparisons had lower sales revenues and lower earnings (negative comparisons) versus the year ago periods. Downturn in FY '20 annual earnings (A criteria) history is a flaw with regard to the fact-based investment system's guidelines.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$52.00	-2.73 -4.99%	$53.07	$57.87	-10.14%	98,626 80.84%	122,000
Most Recent Note for NVMI - 9/3/2020 12:46:59 PM This Semiconductor Equipment firm headquartered in Israel gapped down today testing its 50 DMA line ($51.53). Reported Jun '20 quarterly earnings +50% on +22% sales revenues versus the year ago period. 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). Fundamental concerns also remain as its annual earnings history (A criteria) has been up and down.
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$242.26	-15.20 -5.90%	$253.55	$275.03	-11.92%	1,258,643 103.76%	1,213,000
Most Recent Note for PANW - 9/3/2020 12:48:55 PM Violating its 50 DMA line ($250) with today's big volume-driven loss. Encountering distributional pressure in recent weeks after wedging to new all-time highs. The 8/27/20 mid-day report last noted - "Reported Jul '20 earnings +1% on +18% sales revenues versus the year ago period. The 3 prior quarterly comparisons were lower that the year-ago periods and well below 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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SEDG - NASDAQ - Energy-Solar Solaredge Technologies	$198.81	-21.52 -9.77%	$216.27	$229.49	-13.37%	965,582 89.08%	1,084,000
Most Recent Note for SEDG - 9/3/2020 12:49:51 PM Abruptly pulling back from its all-time high with today's considerable volume-driven loss. The 8/04/20 mid-day report noted - "Broke out of an advanced "3-weeks tight" base pattern. Reported earnings +3% on +2% sales revenues for the Jun '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong and steady (A criteria)."
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SPSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software S P S Commerce Inc	$79.84	-3.81 -4.55%	$83.07	$83.85	-4.78%	217,415 96.63%	225,000
Most Recent Note for SPSC - 9/3/2020 12:52:40 PM Reported Jun '20 quarterly earnings +23% on +10% sales revenues versus the year ago period, breaking a streak of gains above the +25% minimum earnings guideline (C criteria). Went through a deep pullback and then impressively rebounded and made gradual progress into new high territory since dropped from the Featured Stocks list on 2/27/20. Its current Relative Strength Rating of 90 is above the 80+ minimum guideline for buy candidates.
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$28.74	-2.38 -7.65%	$30.33	$31.98	-10.13%	3,194,426 131.03%	2,438,000
Most Recent Note for STM - 9/3/2020 12:55:58 PM Violating its 50 DMA line ($29.02) with today's big volume-driven loss after it was perched within close striking distance of its 52-week high. Last noted in the 8/12/20 mid-day report - "Found support while consolidating above its 50 DMA line in recent weeks. This Switzerland-based manufacturer of Semiconductor products reported earnings -44% on -4% sales revenues for the Jun '20 quarter versus the year ago period, and prior quarterly earnings comparisons have been erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been erratic and not a great match with the guidelines of the fact-based investment system."
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UI - NYSE - Telecom-Infrastructure Ubiquity Inc	$172.67	-14.82 -7.90%	$185.93	$199.91	-13.63%	73,876 97.21%	76,000
Most Recent Note for UI - 9/3/2020 12:57:09 PM Abruptly retreating from near its all-time high, violating its 50 DMA line ($182) and testing its 200 DMA line ($170). Fundamental concerns remain. Reported earnings +23% on +10% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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WMT - NYSE - RETAIL - Discount, Variety Stores Wal-Mart Stores	$144.30	-3.38 -2.29%	$149.60	$151.33	-4.65%	8,463,147 82.09%	10,309,000
Most Recent Note for WMT - 9/3/2020 12:57:56 PM Pulling back from its all-time high today after tallying 4 big volume-driven gains in the prior 5 sessions. Reported earnings +23% on +6% sales revenues for the Jul '20 quarter versus the year ago period. The large retailer's sales revenues and earnings increases in quarterly comparisons do not meet the fact-based system's guidelines. Annual earnings growth has been slow and steady after a downturn in FY '17.
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