Mid-Day Breakouts Report - Tuesday, September 8th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, SEPTEMBER 8TH, 2020
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DOW 27701.67 -431.64 (-1.53%) | NASDAQ 11004.3 -308.84 (-2.73%) | S&P 500 3356.23 -70.73 (-2.06%)

Time of Screening : 9/8/2020 12:21:28 PM Report Released : 9/8/2020 12:55:10 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADM - NYSE - FOOD & BEVERAGE - Food - Major Diversified Archer Daniels Midland	$45.80	-0.69 -1.48%	$46.62	$47.20	-2.97%	1,937,547 81.72%	2,371,000
Most Recent Note for ADM - 9/8/2020 12:24:18 PM Perched near its 52-week high. Earnings increases were above the +25% minimum guideline (C criteria) in the 3 latest quarterly comparisons through Jun '20, however sub par sales revenues growth and its up and down annual earnings (A criteria) history leave fundamental concerns.
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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$349.90	-17.52 -4.77%	$353.39	$402.87	-13.15%	807,989 105.62%	765,000
Most Recent Note for ASML - 9/8/2020 12:25:59 PM Gapped down for a 3rd consecutive session, violating its 50 DMA line ($377) on the prior session and today it undercut the prior low ($350.74 on 7/31/20). Prior mid-day reports cautioned members - "Reported Jun '20 quarterly earnings +56% on +28% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Dutch Electronics - Semiconductor Equipment firm made an impressive rally from a deep slump."
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BNSO - NASDAQ - MANUFACTURING - Diversified Machinery Bonso Electronic Intl	$4.28	-0.03 -0.71%	$4.70	$4.35	-1.61%	41,254 343.78%	12,000
Most Recent Note for BNSO - 9/8/2020 12:26:57 PM Hit yet another new 52-week high with today's 7th consecutive volume-driven gain. 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	$21.75	+0.55 2.59%	$21.85	$21.76	-0.05%	96,220 137.46%	70,000
Most Recent Note for CLFD - 9/8/2020 12:28:12 PM Hitting new multi-year highs again today. Stubbornly held its ground after big 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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CTLT - NYSE - DRUGS - Biotechnology Catalent, Inc	$84.54	+0.59 0.70%	$85.28	$95.70	-11.66%	1,419,574 142.10%	999,000
Most Recent Note for CTLT - 9/8/2020 12:30:31 PM There was a "negative reversal" after hitting a new all-time high on 9/01/20 and it undercut its 50 DMA line ($84.25) with today's 5th consecutive volume-driven loss testing support at the prior high in the $80 area. Completed new Public Offerings on 2/05/20 and 6/12/20. Reported earnings +29% on +31% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been steadily improving after a downturn in FY '16. Completed new Public Offerings in Sep '17 and Jul '18, Completed Secondary Offerings in Jun and Sep '16, and Mar and Jun '15. Completed its $21 IPO on 7/31/14.
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DAR - NYSE - Agricultural Operations Darling International	$33.01	-1.18 -3.45%	$33.98	$34.34	-3.87%	869,121 75.05%	1,158,000
Most Recent Note for DAR - 9/8/2020 12:32:01 PM Hovering near its 52-week and all-time highs since 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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EVA - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Enviva Partners, LP	$38.94	-0.09 -0.23%	$39.30	$43.42	-10.32%	116,469 107.84%	108,000
Most Recent Note for EVA - 9/8/2020 12:33:30 PM Slumping from its all-time high, undercutting its 50 DMA line with today's 3rd consecutive loss marked by higher 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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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$14.67	+0.55 3.86%	$15.08	$16.13	-9.08%	256,581 87.57%	293,000
Most Recent Note for GRBK - 9/8/2020 12:34:41 PM Still perched near its 52-week high, consolidating above its 50 DMA line. Held its ground following recent volume-driven gains. Last noted with caution in the 7/16/20 mid-day report - "Went through a deep consolidation and impressive rebound in recent months. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria)."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$104.50	+6.10 6.20%	$109.88	$98.40	6.20%	136,296 289.99%	47,000
Most Recent Note for GRVY - 9/8/2020 12:36:04 PM Hitting new 522-week and all-time highs with today's 2nd consecutive gain. The 9/04/20 mid-day report noted - "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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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$31.38	+2.36 8.13%	$31.56	$30.27	3.67%	90,871 201.94%	45,000
Most Recent Note for IESC - 9/8/2020 12:38:37 PM Hitting new 52-week and multi-year highs with above average volume behind today's big gain. Held its ground in a tight range near its high since last noted in the 8/12/20 mid-day report - "Reported earnings +39% on +4% sales revenues for the Jun '20 quarter. Three of the past 4 quarterly earnings were above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) is a fundamental flaw."
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ISSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Innovative Sltn & Supprt	$7.55	+0.31 4.28%	$7.65	$7.64	-1.18%	96,366 148.26%	65,000
Most Recent Note for ISSC - 9/8/2020 12:39:29 PM Perched at its 52-week high today after holding its ground stubbornly following an impressive streak of gains marked by above average volume. Prior mid-day reports noted - "Recent quarterly comparisons through Jun '20 have shown greatly improved earnings and sales revenues increases, however quarterly sales revenues totals in the $4-6 million range are rather minuscule compared to most publicly traded companies. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Fundamental concerns remain. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/05."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$68.14	-1.98 -2.82%	$68.63	$76.53	-10.96%	404,346 80.07%	505,000
Most Recent Note for LOGI - 9/8/2020 12:40:41 PM Violated its 50 DMA line ($71) last week and slumping further with today's 4th consecutive loss marked by above average volume, abruptly retreating from its all-time high. 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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LWAY - NASDAQ - FOOD & BEVERAGE - Dairy Products Lifeway Foods Inc	$5.49	+0.59 12.04%	$5.62	$6.19	-11.31%	132,552 103.56%	128,000
Most Recent Note for LWAY - 9/8/2020 12:42:07 PM Gapped up today after a brief consolidation near its 2019 high ($4.75). Repeatedly noted in prior mid-day reports with caution - "Fundamental concerns remain. Recent quarterly comparisons through Jun '20 show lackluster sales revenues growth while reporting earnings versus losses for the year ago periods. Its sub par fundamentals make it a questionable candidate with respect to the system's guidelines."
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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$19.84	-0.79 -3.83%	$20.37	$21.90	-9.41%	29,147 78.78%	37,000
Most Recent Note for MBIN - 9/8/2020 12:44:23 PM Faces resistance due to overhead supply. Reported earnings +157% on +61% sales revenues for the Jun '20 quarter versus the year ago period, its 3rd strong quarterly comparison. Annual earnings history (A criteria) has been good. Completed $16 IPO on 10/27/17.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.74	-0.16 -0.64%	$24.88	$25.24	-1.98%	1,136,416 106.71%	1,065,000
Most Recent Note for NOMD - 9/8/2020 12:45:10 PM Churning above average volume and still holding its ground stubbornly near its all-time high. 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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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$28.85	+0.16 0.57%	$30.00	$31.75	-9.12%	10,679 88.99%	12,000
Most Recent Note for PDEX - 9/8/2020 12:46:08 PM Perched near its all-time high, consolidating after a recent spurt of gains backed by above average volume. Reported greatly improved sales revenues and earnings increases in the Mar and Jun '20 quarters versus year ago periods. Prior quarterly and annual earnings history (C and A criteria) fails to match the fundamental guidelines of the fact-based investment system.
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RCM - NASDAQ - Comml Svcs-Healthcare R1 R C M Inc	$15.42	+1.23 8.63%	$15.70	$15.82	-2.56%	1,678,599 196.10%	856,000
Most Recent Note for RCM - 9/8/2020 12:47:31 PM Gapped up today challenging its 52-week high after finding prompt support at its 50 DMA line. . Erratic earnings history and quarterly comparisons through Jun '20 show deceleration in its sales revenues growth rate.
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$157.05	-2.38 -1.49%	$158.47	$169.30	-7.24%	535,613 94.13%	569,000
Most Recent Note for SAP - 9/8/2020 12:48:56 PM Undercutting its 50 DMA line ($158.43) with ever-increasing volume behind today's 3rd consecutive loss off its all-time high. Reported earnings +6% on +0% sales revenues for the quarter ended June 30, 2020 versus the year ago period, and prior comparisons were below the +25% minimum earnings guideline (C criteria). Earnings and sales revenues growth rates have been below guidelines. It also has a huge supply of 1.19 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$203.00	-5.98 -2.86%	$206.13	$230.12	-11.79%	706,781 86.93%	813,000
Most Recent Note for SNPS - 9/8/2020 12:50:46 PM Abruptly retreating from its all-time high with today's 3rd consecutive volume-driven loss testing its 50 DMA line ($202.65). Bullish action came in recent weeks after it reported earnings +47% on +13% sales revenues for the Jul '20 quarter but fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$27.47	-0.81 -2.86%	$27.66	$31.98	-14.10%	2,073,136 82.10%	2,525,000
Most Recent Note for STM - 9/8/2020 12:51:47 PM Violated its 50 DMA line ($29.08) with 3 consecutive volume-driven losses after it was perched within close striking distance of its 52-week high. 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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STRM - NASDAQ - Computer Sftwr-Medical Streamline Health Sltns	$1.55	+0.15 10.71%	$1.55	$1.75	-11.43%	54,473 100.88%	54,000
Most Recent Note for STRM - 9/8/2020 12:52:02 PM Erratic sales revenues and earnings growth history leaves fundamental concerns.
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TTGT - NASDAQ - Comml Svcs-Advertising Techtarget Inc	$38.38	-0.80 -2.03%	$38.66	$42.44	-9.57%	231,443 79.53%	291,000
Most Recent Note for TTGT - 9/8/2020 12:53:58 PM Consolidating near its 52-week high with today's 4th consecutive small loss, still above its 50 DMA line ($36.26). Reported earnings +8% on +1% sales revenues for the Jun '20 quarter, its 2nd consecutive quarterly comparison with earnings below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '16.
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VIRT - NASDAQ - Financial Svcs-Specialty Virtu Financial Inc	$27.35	+0.03 0.09%	$28.59	$27.61	-0.96%	1,851,096 119.43%	1,550,000
Most Recent Note for VIRT - 9/8/2020 12:55:05 PM Found support at its 50 DMA line recently and it hit another new 52-week high with today's 5th volume-driven gain in the span of 6 sessions. Prior mid-day reports noted - "Showed greatly improved sales revenues and earnings increases in the Mar and Jun '20 quarters versus the year ago periods. 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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