Mid-Day Breakouts Report - Wednesday, September 23rd, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 23RD, 2020
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DOW 27144.38 -143.8 (-0.53%) | NASDAQ 10824.42 -139.22 (-1.27%) | S&P 500 3288.14 -27.43 (-0.83%)

Time of Screening : 9/23/2020 12:14:54 PM Report Released : 9/23/2020 12:41:09 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
BAND - NASDAQ - Computer Sftwr-Enterprse Bandwidth Inc Cl A	$163.50	-5.67 -3.35%	$175.54	$172.33	-5.12%	308,420 69.78%	442,000
Most Recent Note for BAND - 9/23/2020 12:17:37 PM Reversed into the red after hitting a new all-time high with today's early gain following 4 consecutive volume-driven gains. Found prompt support near its 50 DMA line. Prior mid-day reports cautioned members - "Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines."
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CAI - NYSE - Comml Svcs-Leasing CAI International Inc	$26.90	+0.22 0.82%	$27.52	$29.57	-9.03%	120,411 133.79%	90,000
Most Recent Note for CAI - 9/23/2020 12:18:10 PM Fundamental's are not a match with the guidelines (C and A criteria) of the fact-based investment system.
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CTAS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cintas Corp	$325.90	+1.89 0.58%	$339.95	$344.97	-5.53%	322,429 70.25%	459,000
Most Recent Note for CTAS - 9/23/2020 12:20:36 PM Consolidating above its 50 DMA line ($313) after recently wedging to new all-time highs with gains lacking great volume conviction. Reported earnings +20% on -4% sales revenues for the Aug '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings (C criteria) guideline. Annual earnings (A criteria) have been strong and steady. Fundamental concerns remain due to sub par sales revenues growth, not indicative of a new product or service that is in great demand.
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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$59.75	-0.06 -0.10%	$60.10	$59.83	-0.13%	101,923 67.95%	150,000
Most Recent Note for DAVA - 9/23/2020 12:21:47 PM Hovering at its all-time high following a recent spurt of volume-driven gains, 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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DQ - NYSE - Energy-Solar Daqo New Energy Corp Ads	$129.00	+13.89 12.07%	$131.94	$137.03	-5.86%	291,138 93.61%	311,000
Most Recent Note for DQ - 9/23/2020 12:23:21 PM Found support recently at its 50 DMA line ($113) and it is challenging its all-time high with today's considerable volume-driven gain. On 4/12/18 a new Public Offering was completed. Reported very strong Mar and Jun '20 quarterly results versus the year ago periods, but it was repeatedly noted in prior mid-day reports with caution - "China-based firm in the Energy - Solar industry has not shown strong and steady earnings growth meeting the fact-based investment systems fundamental guidelines (C and A criteria)."
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ERIE - NASDAQ - INSURANCE - Property & Casualty Insurance Erie Indemnity Co	$209.92	+1.42 0.68%	$210.42	$226.57	-7.35%	47,810 86.93%	55,000
Most Recent Note for ERIE - 9/23/2020 12:24:02 PM Slumping below its 50 DMA line with today's 4th consecutive volume-driven loss. This Insurance - Brokers firm reported earnings -7% on +1% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria), not a match with the fact-based investment system's fundamental guidelines. Annual earnings history has been steady.
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ESCA - NASDAQ - CONSUMER DURABLES - Sporting Goods Escalade Inc	$20.85	+1.16 5.89%	$21.10	$20.58	1.31%	71,517 148.99%	48,000
Most Recent Note for ESCA - 9/23/2020 12:25:59 PM Hitting new multi-year highs with today's 3rd consecutive gain, rallying from an orderly 6-week flat base above its 50 DMA line. Reported earnings +369% on +50% sales revenues for the Jun '20 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history leaves fundamental concerns.
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$35.77	-2.43 -6.36%	$36.03	$38.87	-7.98%	1,477,648 261.53%	565,000
Most Recent Note for GMAB - 9/23/2020 12:27:22 PM Gapped down today again violating its 50 DMA line ($36.42) with a damaging volume-driven loss. Encountering distributional pressure in recent weeks after wedging to a new all-time high. Reported Jun '20 quarterly earnings +999% on +596% sales revenues versus the year ago period its 4th consecutive strong quarterly comparison. Limited history remains a concern and has not been a good match with the fundamental guidelines of the fact-based investment system.
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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$27.32	-1.10 -3.87%	$28.13	$31.22	-12.49%	12,149,449 62.37%	19,480,000
Most Recent Note for GOLD - 9/23/2020 12:29:00 PM Slumping below its 50 DMA line ($28.83) with losses this week. The 50 DMA line previously acted as support while consolidating near its 52-week high. 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	$133.78	+4.78 3.70%	$135.00	$135.00	-0.91%	49,568 93.52%	53,000
Most Recent Note for GRVY - 9/23/2020 12:29:23 PM Hovering near its all-time high. Held its ground following a recent spurt of 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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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$22.55	+0.42 1.90%	$22.75	$23.70	-4.85%	8,735 58.23%	15,000
Most Recent Note for JHX - 9/23/2020 12:30:30 PM Found support this week at its 50 DMA line ($21.84) but more damaging losses would raise greater concerns. Reported earnings +0% on -5% sales revenues for the Jun '20 quarter. The Ireland-based cement firm's prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain.
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KBH - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction K B Home	$37.70	-2.80 -6.91%	$40.06	$40.86	-7.73%	2,011,173 135.80%	1,481,000
Most Recent Note for KBH - 9/23/2020 12:32:42 PM Pulling back today with above average volume, abruptly retreating after touching new multi-year highs with the prior gain. Recently found support at its 50 DMA line ($35.64) when consolidating. Reported earnings +14% on -14% sales revenues for the Aug '20 quarter. The 9/22/20 mid-day report noted - "Fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system."
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NLS - NYSE - CONSUMER DURABLES - Sporting Goods Nautilus Inc	$16.91	+0.29 1.71%	$18.10	$17.24	-1.94%	2,287,252 105.55%	2,167,000
Most Recent Note for NLS - 9/23/2020 12:35:09 PM Hitting yet another new 52-week high today, adding to a recent spurt of volume-driven gains. Noted with caution in prior mid-day reports - "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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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$50.49	+0.10 0.20%	$50.83	$57.87	-12.75%	78,576 60.91%	129,000
Most Recent Note for NVMI - 9/23/2020 12:36:21 PM This Semiconductor Equipment firm headquartered in Israel has been sputtering below its 50 DMA line ($51.71) since last noted with caution in the 9/03/20 mid-day report - "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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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$52.10	+2.02 4.03%	$52.66	$53.61	-2.82%	688,699 60.52%	1,138,000
Most Recent Note for PWR - 9/23/2020 12:37:41 PM Consolidating above its 50 DMA line ($47.51). The 9/21/20 mid-day report noted - "Fundamental concerns remain. Quarterly earnings history (C criteria) is not a match with the fact-based system's fundamental guidelines."
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SCPL - NASDAQ - Computer Sftwr-Gaming Sciplay Corporation	$16.13	-0.33 -2.00%	$16.98	$17.23	-6.38%	648,265 78.86%	822,000
Most Recent Note for SCPL - 9/23/2020 12:38:45 PM Reversed into the red after challenging its 52-week high with today's early gain following 3 consecutive gains. Found support at its 200 DMA line during its consolidation since noted in the 8/04/20 mid-day report - "Reported Jun '20 quarterly earnings +200% on +40% sales revenues versus the year ago period. Prior history is limited since it completed its $16 IPO on 5/03/19."
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VSTO - NYSE - CONSUMER NON-DURABLES - Personal Products Vista Outdoor Inc	$19.84	-2.01 -9.20%	$21.78	$22.60	-12.21%	1,334,066 113.83%	1,172,000
Most Recent Note for VSTO - 9/23/2020 12:40:11 PM Abruptly retreating today following a big volume-driven gain on the prior session challenging its 52-week high. Found prompt support at its 50 DMA line ($18.86) in recent weeks while consolidating after hitting new multi-year highs. Concerns remain as when noted in the 6/19/20 mid-day report - "Prior quarterly sales revenues and earnings growth history is not a match with the fact-based investment system's fundamental guidelines."
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ZM - NASDAQ - Computer Sftwr-Enterprse Zoom Video Comm Cl A	$522.62	+30.02 6.09%	$529.74	$494.90	5.60%	13,895,989 154.01%	9,023,000
Most Recent Note for ZM - 9/23/2020 12:41:04 PM Very extended from any sound base and hitting new all-time highs with today's 5th consecutive gain marked by above average volume. Reported Jul '20 quarterly earnings +999% on +355% sales revenues versus the year ago period. Prior quarterly comparisons also showed very strong sales revenues and great earnings increases well above the +25% minimum guideline (C criteria). Completed its $36.00 IPO on 4/18/19. Limited annual history (A criteria) has been noted as a concern.
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