Mid-Day Breakouts Report - Wednesday, September 9th, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 9TH, 2020
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DOW 28020.17 519.28 (1.89%) | NASDAQ 11134.68 286.99 (2.65%) | S&P 500 3403.13 71.29 (2.14%)

Time of Screening : 9/9/2020 12:12:49 PM Report Released : 9/9/2020 12:57:18 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

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
AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$6.17	+0.14 2.32%	$6.33	$7.02	-12.11%	11,880,723 66.35%	17,905,000
Most Recent Note for AUY - 9/9/2020 12:15:08 PM Found support near its 50 DMA line while recently consolidating. Reported earnings +250% on -35% sales revenues for the Jun '20 quarter versus the year ago period. Went through a deep slump then rebounded and rallied impressively since noted with caution in the 2/18/20 mid-day report - "Reported earnings +0% on -21% sales revenues for the Dec '19 quarter. Below the +25% minimum earnings guideline for buy candidates (C criteria). Prior sales revenues and earnings history 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	$22.66	+0.45 2.00%	$22.97	$23.47	-3.47%	62,818 84.89%	74,000
Most Recent Note for CLFD - 9/9/2020 12:15:58 PM Hitting new multi-year highs with another spurt of volume-driven gains. 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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CYAN - NASDAQ - CHEMICALS - Specialty Chemicals Cyanotech Corp	$2.89	+0.04 1.40%	$2.97	$3.25	-11.08%	7,213 72.13%	10,000
Most Recent Note for CYAN - 9/9/2020 12:18:00 PM Low-priced stocks are discouraged from consideration under the fact-based system unless all key criteria are solidly satisfied. Fundamental concerns remain since last noted with caution in the 3/13/12 mid-day report - "Its annual earnings (A criteria) history has not been strong and steady."
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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$30.12	+0.92 3.15%	$30.60	$31.22	-3.52%	10,995,770 59.40%	18,511,000
Most Recent Note for GOLD - 9/9/2020 12:19:21 PM Challenging its 52-week high with today's gain. Found prompt support near its 50 DMA line ($28.37) during the recent consolidation. 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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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$106.25	+3.30 3.21%	$107.48	$109.88	-3.30%	34,912 69.82%	50,000
Most Recent Note for GRVY - 9/9/2020 12:20:37 PM Perched at new 52-week and all-time highs with today's 3rd consecutive volume-driven gain. Prior mid-day reports 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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HD - NYSE - RETAIL - Home Improvement Stores Home Depot Inc	$277.06	+7.80 2.90%	$277.22	$292.95	-5.42%	2,117,837 61.62%	3,437,000
Most Recent Note for HD - 9/9/2020 12:22:11 PM Found prompt support at its 50 DMA line ($269) but it has not formed a sound base. Noted with caution in prior mid-day reports - "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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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$32.30	+0.76 2.41%	$32.83	$32.28	0.06%	34,447 71.76%	48,000
Most Recent Note for IESC - 9/9/2020 12:22:51 PM Hitting new 52-week and multi-year highs with above average volume behind today's 2nd consecutive gain. Held its ground in a tight range near its high since 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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JOUT - NASDAQ - CONSUMER DURABLES - Sporting Goods Johnson Outdoors Cl A	$85.07	+2.51 3.04%	$85.11	$97.00	-12.30%	20,832 59.52%	35,000
Most Recent Note for JOUT - 9/9/2020 12:24:49 PM Sputtering below its 50 DMA line ($87.66) after encountering more distributional pressure since last noted with caution in the 7/31/20 mid-day report - "It reported earnings -42% on -21% sales revenues for the Jun '20 quarter. Prior quarterly earnings history is not a great match with the fact-based investment system's fundamental guidelines (C criteria)."
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NLS - NYSE - CONSUMER DURABLES - Sporting Goods Nautilus Inc	$14.62	+0.91 6.64%	$15.39	$15.91	-8.11%	6,224,077 396.44%	1,570,000
Most Recent Note for NLS - 9/9/2020 12:25:59 PM Perched near its 52-week high with today's 2nd consecutive volume-driven gain. Very extended from any sound base. Rebounded impressively from lows last year in the $1.20 area. Slumped from multi-year highs since noted with caution in the 10/06/16 mid-day report. Reported greatly improved sales and earnings for the Mar and Jun '20 quarters versus year ago periods, but fundamental concerns remain.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.89	+0.07 0.26%	$24.97	$25.24	-1.41%	1,767,282 155.57%	1,136,000
Most Recent Note for NOMD - 9/9/2020 12:27:03 PM Noted in the 9/0/20 mid-day report - "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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NVCR - NASDAQ - Medical-Products Novacure Limited	$84.95	+2.86 3.48%	$86.24	$98.84	-14.05%	539,402 76.40%	706,000
Most Recent Note for NVCR - 9/9/2020 12:30:44 PM The 4 latest quarterly comparisons through Jun '20 showed earnings versus losses for the year ago periods with strong sales revenues growth. The UK-based Medical - Products firm has shown losses each year through FY '19, not strong and steady earnings growth over the past 3-5 year as required to meet the A criteria of the fact-based investment system.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$504.65	+28.13 5.90%	$509.50	$589.07	-14.33%	10,250,158 88.86%	11,535,000
Most Recent Note for NVDA - 9/9/2020 12:34:21 PM Halting its slide today after abruptly retreating from its all-time high with 3 consecutive volume-driven losses. Noted with caution in the 9/03/20 mid-day report - "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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ODFL - NASDAQ - TRANSPORTATION - Trucking Old Dominion Fght Lines	$199.61	+5.33 2.74%	$200.77	$207.44	-3.77%	460,270 64.37%	715,000
Most Recent Note for ODFL - 9/9/2020 12:36:39 PM Encountering distributional pressure after wedging higher in recent weeks. Reported earnings -13% on -16% sales revenues for the Jun '20 quarter, its 6th consecutive comparison below the +25% minimum guideline (C criteria). Went through a deep and choppy consolidation then rebounded and rallied impressively since dropped from the Featured Stocks list on 10/10/18.
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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$31.50	+2.80 9.76%	$32.98	$31.75	-0.79%	46,156 384.63%	12,000
Most Recent Note for PDEX - 9/9/2020 12:37:59 PM Powering to another new all-time high with today's gain adding to a recent spurt of gains backed by above average volume. Prior mid-day reports noted - "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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PPD - NASDAQ - Medical-Research Eqp/Svc PPD Inc	$33.88	+0.33 0.98%	$34.43	$34.99	-3.17%	525,276 79.59%	660,000
Most Recent Note for PPD - 9/9/2020 12:40:13 PM Reported Jun '20 quarterly earnings -4% on +1% sales revenues versus the year-ago period. Quarterly sales revenues and earnings should be up +25% or more and ideally accelerating over prior quarters.
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QRVO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Qorvo, Inc	$124.11	+10.00 8.76%	$125.78	$136.06	-8.78%	1,656,280 125.95%	1,315,000
Most Recent Note for QRVO - 9/9/2020 12:43:43 PM Gapped up today rebounding above its 50 DMA line ($122.80). Abruptly retreated from its 52-week high with 3 consecutive volume-driven losses. Noted with caution in prior mid-day reports - " Reported Jun '20 quarterly earnings +10% on +2% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Reported +29% earnings on +16% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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RCM - NASDAQ - Comml Svcs-Healthcare R1 R C M Inc	$16.38	+0.34 2.09%	$16.49	$16.17	1.27%	960,626 105.56%	910,000
Most Recent Note for RCM - 9/9/2020 12:45:32 PM Gapped up on the prior session and hitting another new 52-week high today. Found prompt support at its 50 DMA line ($14.02). Erratic earnings history and quarterly comparisons through Jun '20 show deceleration in its sales revenues growth rate.
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REGI - NASDAQ - Energy-Alternative/Other Renewable Energy Grp Inc	$42.45	+4.09 10.66%	$42.45	$40.80	4.04%	582,629 87.22%	668,000
Most Recent Note for REGI - 9/9/2020 12:46:51 PM Hitting another new 52-week high today following a brief consolidation above prior highs. The 8/18/20 mid-day report cautioned members - "Fundamental concerns remain."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$162.47	+7.78 5.03%	$162.92	$169.30	-4.03%	699,661 120.63%	580,000
Most Recent Note for SAP - 9/9/2020 12:49:41 PM Finding prompt support and rebounding back above its 50 DMA line ($159) with today's gap up gain after 3 consecutive losses marked by volume while slumping from its all-time high. The 9/08/20 mid-day report noted - "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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STRM - NASDAQ - Computer Sftwr-Medical Streamline Health Sltns	$1.62	+0.05 3.18%	$1.71	$1.75	-7.43%	34,547 65.18%	53,000
Most Recent Note for STRM - 9/9/2020 12:55:55 PM Erratic sales revenues and earnings growth history leaves fundamental concerns.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$4.01	+0.27 7.22%	$4.06	$4.69	-14.50%	1,297,147 64.63%	2,007,000
Most Recent Note for UMC - 9/9/2020 12:57:13 PM Found prompt support at its 50 DMA line ($3.50) while consolidating. Prior mid-day reports repeatedly noted as it broke out from a reverse-head-and-shoulders base - "Reported Jun '20 quarterly earnings +250% on +30% sales revenues versus the year-ago period. Reported strong sales revenues and earnings increases in the Dec '19 and Mar '20 quarterly comparisons versus the year ago periods. Prior quarterly and annual earnings history has been erratic and not a good match with the fact-based investment system's fundamental guidelines."
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