Mid-Day Breakouts Report - Wednesday, September 16th, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 16TH, 2020
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DOW 28214.11 218.51 (0.78%) | NASDAQ 11215.72 25.4 (0.23%) | S&P 500 3420.7 19.5 (0.57%)

Time of Screening : 9/16/2020 11:52:12 AM Report Released : 9/16/2020 12:28:23 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
ADBE - NASDAQ Adobe Systems Inc	$487.84	-9.83 -1.98%	$505.50	4,500,225 157.46% of 50 DAV 50 DAV is 2,858,000	$536.88 -9.13%	9/10/2020	$488.46	PP = $536.88 MB = $563.72
Most Recent Note - 9/16/2020 11:54:03 AM Y - Reversed into the red after earlier gains today following 2 consecutive gains with above average volume. Encountered distributional pressure and had a "negative reversal on 9/10/20. Since finding support at its 10 week-moving average (WMA), a valid secondary buy point exists up to 5% above the latest high. Subsequent losses violating its 50 DMA line ($463) may trigger a technical sell signal. Disciplined investors always limit losses by selling any stock that falls more than 7-8% from their purchase price. Reported Aug '20 quarterly earnings +25% on +14% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. This well-known Computer Software - Desktop firm has produced 4 consecutive quarterly earnings increases above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady. >>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADUS - NASDAQ - Medical-Outpnt/Hm Care Addus Homecare Corp	$97.82	+2.57 2.70%	$98.01	$106.98	-8.56%	72,623 66.02%	110,000
Most Recent Note for ADUS - 9/16/2020 11:57:50 AM Rebounding toward its 52-week high after finding prompt support at its 200 DMA line ($89) in recent months. Reported earnings +35% on +24% sales revenues for the Jun '20 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady (A criteria) after a downturn in FY '12 earnings. Completed new Public Offerings on 9/04/19 and 8/16/18.
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AMRK - NASDAQ - Financial Svcs-Specialty A-Mark Precious Metals	$33.09	+0.79 2.45%	$34.66	$34.93	-5.27%	43,008 110.28%	39,000
Most Recent Note for AMRK - 9/16/2020 11:58:39 AM Reported very strong Jun '20 quarterly sales revenues and earnings increases versus the year ago period. Perched near its all-time high, consolidating following 6 consecutive gains marked by ever-increasing volume including a big"breakaway gap" on 9/11/20. Prior mid-day reports noted - "Fundamental concerns remain. Reported strong earnings increases for the Dec '19 and Mar '20 quarters but with waning sales revenues. Prior quarterly and annual earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$61.40	+3.49 6.03%	$61.76	$59.00	4.07%	471,475 62.95%	749,000
Most Recent Note for CRNC - 9/16/2020 12:00:34 PM Rallying to another new 52-week high with today's 3rd consecutive gain. Found support at its 50 DMA line during its recent consolidation after an impressive spurt of gains marked by above average volume. Reported earnings -40% on -4% 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 fundamental guidelines of the fact-based investment system.
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CVET - NASDAQ - Medical-Supplies Covetrus Inc	$22.70	+3.05 15.52%	$23.13	$25.21	-9.96%	673,868 62.63%	1,076,000
Most Recent Note for CVET - 9/16/2020 12:01:11 PM Rebounding above its 50 DMA line. 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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DAR - NYSE - Agricultural Operations Darling International	$35.48	+0.48 1.37%	$35.51	$36.09	-1.69%	770,399 63.72%	1,209,000
Most Recent Note for DAR - 9/16/2020 12:02:43 PM Hovering near its 52-week and all-time highs after 4 consecutive gains. Held its ground stubbornly 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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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$57.56	+0.81 1.43%	$59.55	$58.64	-1.84%	99,496 70.07%	142,000
Most Recent Note for DAVA - 9/16/2020 12:03:13 PM Hitting a new all-time high with today's 3rd consecutive volume-driven gain, it faces no resistance due to overhead supply. This UK-based Computer-Tech Services firm reported Jun '20 quarterly earnings +12% on +15% sales revenues versus the year ago period. Noted with caution in prior mid-day reports - "Reported Mar '20 quarterly earnings +16% on +20% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Went through a deep pullback and rebounded impressively since dropped from the Featured Stocks list on 3/11/20."
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DDOG - NASDAQ - Computer Sftwr-Enterprse Datadog Inc	$89.95	+1.41 1.59%	$92.75	$98.99	-9.13%	2,463,074 58.60%	4,203,000
Most Recent Note for DDOG - 9/16/2020 12:04:51 PM Rebounding above its 50 DMA line ($86) with today's 3rd consecutive gain. Versus losses in the year ago periods it reported earnings in the Dec '19, Mar and Jun '20 quarters with strong underlying sales revenues growth. Produced losses in annual earnings (A criteria) history through '19. Limited history is a concerns since completing its $27 IPO on 9/19/19.
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EXEL - NASDAQ - DIVERSIFIED SERVICES - Research Services Exelixis Inc	$26.73	+1.60 6.35%	$26.87	$27.80	-3.87%	1,847,065 95.95%	1,925,000
Most Recent Note for EXEL - 9/16/2020 12:07:06 PM Challenging prior highs with today's 4th consecutive volume-driven gain. Recent quarterly comparisons through Jun '20 show sub par sales revenues growth and lower earnings versus year-ago periods. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines calling for 3-5 years of strong steady earnings growth.
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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$18.50	+0.75 4.23%	$18.70	$18.18	1.76%	250,883 75.34%	333,000
Most Recent Note for GRBK - 9/16/2020 12:10:30 PM Hitting another new 52-week high with today's 4th consecutive volume-driven gain after an orderly consolidation above its 50 DMA line. Held its ground following recent volume-driven gains. Noted with caution in prior mid-day reports - "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	$119.88	+3.24 2.78%	$120.30	$117.83	1.74%	40,967 83.61%	49,000
Most Recent Note for GRVY - 9/16/2020 12:11:02 PM Hitting another new all-time high today. Held its ground following a recent spurt of 3 consecutive volume-driven gains. 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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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction Goldfield Corp	$4.63	+0.00 0.00%	$4.90	$4.75	-2.53%	88,856 103.32%	86,000
Most Recent Note for GV - 9/16/2020 12:11:52 PM Reversed into the red after hitting another new 52-week high today. Noted in prior mid-day reports - "Reported Jun '20 quarterly earnings +233% on +8% sales revenues versus the year ago period. Erratic quarterly comparisons and fundamentals fall short of the C and A criteria of the fact-based investment system. Low-priced stocks are discouraged from consideration unless solidly satisfying all key criteria."
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$36.35	+2.33 6.85%	$36.41	$34.75	4.60%	57,692 108.85%	53,000
Most Recent Note for IESC - 9/16/2020 12:12:18 PM Hitting new multi-year highs with recent gains backed by above average volume. Held its ground in a tight range near its high after 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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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$78.89	+2.99 3.93%	$79.15	$80.00	-1.39%	1,662,425 61.94%	2,684,000
Most Recent Note for LEN - 9/16/2020 12:13:03 PM Hovering near its all-time high after finding support at its 50 DMA line ($73.32) during a brief consolidation. Reported earnings +33% on +0% sales revenues for the Aug '20 quarter versus the year ago period. Fundamental concerns remain. Its annual earnings history (A criteria) has been erratic. It was dropped from the Featured Stocks list on 5/01/05.
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LWAY - NASDAQ - FOOD & BEVERAGE - Dairy Products Lifeway Foods Inc	$8.40	+0.95 12.75%	$8.89	$7.75	8.39%	825,093 525.54%	157,000
Most Recent Note for LWAY - 9/16/2020 12:14:40 PM Spiking to another new 52-week high with today's 4th consecutive big volume-driven gain after a brief consolidation near its 2019 high ($4.75). Repeatedly noted with caution in prior mid-day reports - "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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NEE - NYSE - UTILITIES - Electric Utilities Nextera Energy Inc	$281.24	-14.46 -4.89%	$286.95	$299.30	-6.03%	1,779,283 106.86%	1,665,000
Most Recent Note for NEE - 9/16/2020 12:15:35 PM Pulling back today after hitting a new all-time high with a big "breakaway gap" on the prior session after raising guidance. This Utility - Electric firm is not a match with the fact-based investment system's fundamental guidelines (C and A criteria).
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NVCR - NASDAQ - Medical-Products Novacure Limited	$108.23	+3.77 3.61%	$109.95	$106.57	1.56%	881,724 110.63%	797,000
Most Recent Note for NVCR - 9/16/2020 12:16:08 PM Hitting a new all-time high with today's 7th consecutive volume-driven gain. 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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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$65.39	-0.04 -0.06%	$65.98	$66.55	-1.74%	1,475,718 72.62%	2,032,000
Most Recent Note for RIO - 9/16/2020 12:16:43 PM The UK-based Mining - Metal Ores firm gapped up on the prior session hitting a new 52-week high. Found support when recently consolidating near its 50 DMA line ($61.68). Fundamental concerns remain as prior mid-day reports cautioned members - "Reported Mar and Jun '20 quarters with earnings -3% on -7% sales revenues versus the year ago period. Annual earnings (A criteria) history has improved since a downturn in FY '15."
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SBSW - NYSE - Mining-Gold/Silver/Gems Sibanye Stillwater Adr	$12.81	-0.02 -0.12%	$13.22	$13.89	-7.81%	2,626,885 95.04%	2,764,000
Most Recent Note for SBSW - 9/16/2020 12:19:01 PM Encountering distributional pressure for the past week after recently reaching a new 52-week high. Prior mid-day reports noted - "Reported greatly improved sales revenues and earnings in the Mar and Jun '20 quarters versus the year ago periods. Fundamental concerns remain for this South Africa based gold mining firm."
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UPS - NYSE - TRANSPORTATION - Air Delivery & Freight Service United Parcel Svc Cl B	$161.81	+0.28 0.17%	$167.36	$166.20	-2.64%	3,224,491 78.26%	4,120,000
Most Recent Note for UPS - 9/16/2020 12:19:53 PM Reversed into the red today after hitting another new all-time high. Held its ground stubbornly and edged higher after a "breakaway gap" when noted in the 7/30/20 mid-day report - "Reported Jun '20 quarterly earnings +9% on +13% sales revenues versus the year ago period. Fundamental concerns remain."
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VICI - NYSE - Finance-Property REIT Vici Properties Inc	$25.57	+0.15 0.59%	$26.06	$28.75	-11.06%	2,481,899 60.65%	4,092,000
Most Recent Note for VICI - 9/16/2020 12:28:17 PM Completed a Secondary Offering on 6/18/20. Completed a new Public Offering on 6/25/19. Fundamental concerns remain. Rebounding toward its 52-week high after a deep consolidation. Last noted with caution in the 10/16/19 mid-day report - "This REIT completed a new Public Offering on 11/14/18. Reported earnings +3% on -2% sales revenues for the Mar '19 quarter. Limited history remains a concern."
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