Mid-Day Breakouts Report - Friday, October 30th, 2020

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 30TH, 2020
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DOW 26324.85 -334.26 (-1.25%) | NASDAQ 10878.79 -306.81 (-2.74%) | S&P 500 3467.31 -28.79 (-0.82%)

Time of Screening : 10/30/2020 12:10:42 PM Report Released : 10/30/2020 1:11:11 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
TEAM - NASDAQ Atlassian Corp Plc	$191.21	-19.51 -9.26%	$199.99	2,768,777 173.37% of 50 DAV 50 DAV is 1,597,000	$216.30 -11.60%	10/12/2020	$193.77	PP = $199.60 MB = $209.58
Most Recent Note - 10/30/2020 1:01:42 PM G - Gapped down today and slumped below its pivot point testing its 50 DMA line ($187). Weak action came after it reported earnings +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, well below the +25% minimum earnings guideline (C criteria), raising concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 10/12/2020. Click here.
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VEEV - NYSE Veeva Systems Inc Cl A	$271.39	-13.29 -4.67%	$282.00	603,983 73.84% of 50 DAV 50 DAV is 818,000	$313.99 -13.57%	10/6/2020	$287.71	PP = $298.86 MB = $313.80
Most Recent Note - 10/30/2020 1:06:34 PM G - Color code is changed to green as it gapped down today for a big loss on higher volume violating its 50 DMA line ($281) and triggering a technical sell signal. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$3,061.15	-149.87 -4.67%	$3,167.00	$3,552.25	-13.83%	4,122,044 80.13%	5,144,000
Most Recent Note for AMZN - 10/30/2020 12:21:01 PM Gapped down today, slumping below its 50 DMA line ($3,222) which may now act as resistance. Reported earnings +192% on +37% sales revenues for the Sep '20 quarter versus the year-ago period, its 2nd strong comparison after 4 consecutive quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Not a match with the fact-based investment system's fundamental guidelines.
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ATSG - NASDAQ - Transport-Air Freight Air Transport Svcs Grp	$28.01	-0.79 -2.74%	$29.27	$30.08	-6.88%	488,996 110.13%	444,000
Most Recent Note for ATSG - 10/30/2020 12:28:13 PM Prior highs in the $28 area may act as support while encountering distributional pressure after reaching new all-time highs with noted volume-driven gains last week. Reported earnings +42% on +10% sales revenues for the Sep '20 quarter versus the year ago period. Found support near its 50 DMA line ($26.25) during the prior consolidation. Three of the the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong.
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ATVI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Multimedia & Graphics Software Activision Blizzard Inc	$75.30	-2.47 -3.18%	$78.28	$87.73	-14.17%	5,720,008 96.13%	5,950,000
Most Recent Note for ATVI - 10/30/2020 12:30:31 PM Slumping toward its 200 DMA with today's 3rd consecutive loss on ever-increasing volume after meeting resistance near its 50 DMA line ($80.58). Fundamental concerns remain. Reported earnings +132% on +52% sales revenues for the Sep '20 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history are not a match with the fact-based investment system's guidelines.
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AVID - NASDAQ - CONSUMER DURABLES - Electronic Equipment Avid Technology Inc	$9.56	+0.12 1.27%	$9.69	$9.66	-1.04%	425,151 95.75%	444,000
Most Recent Note for AVID - 10/30/2020 12:32:37 PM Reported improved earnings increases in the Jun and Sep '20 quarters but with waning sales revenues, and other fundamental concerns remain. Last noted with caution in the 9/06/16 mid-day report- "Prior quarterly comparisons (C criteria) and annual earnings (A criteria) growth are not a match with the guidelines of the fact-based investment system."
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BL - NASDAQ - Computer Sftwr-Enterprse Blackline Inc	$98.46	+6.16 6.67%	$99.87	$105.07	-6.29%	654,970 121.52%	539,000
Most Recent Note for BL - 10/30/2020 12:36:32 PM It wedged to new highs then stalled since last noted in the 9/04/20 mid-day report. Consolidating above prior highs in the $94 area and above its 50 DMA line ($89.18) which defines near-term support. Reported Sep '20 quarterly earnings +108% on +21% sales revenues versus the year ago period. Quarterly earnings comparisons have been above the +25% minimum guideline (C criteria). After years of losses it produced profitable results in FY '17, '18, and '19. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$31.25	+1.24 4.13%	$32.97	$34.69	-9.92%	2,029,106 83.81%	2,421,000
Most Recent Note for BLDR - 10/30/2020 12:39:26 PM Met resistance after early gains today above its 50 DMA line ($31.73). Pulled back from its all-time high and found support above prior lows in the $29 area. Noted with caution in prior mid-day reports - "Sales revenues and earnings growth is not a match with the fact-based investment system's fundamental guidelines."
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BSTC - NASDAQ - Medical-Biomed/Biotech Biospecifics Technologie	$88.10	-0.04 -0.05%	$88.20	$89.15	-1.18%	80,856 81.67%	99,000
Most Recent Note for BSTC - 10/30/2020 12:39:41 PM Gapped up on 10/19/20 following M&A news. Reported earnings -88% on -56% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. It was dropped from the Featured Stocks list on 4/01/19. Thomas L. Wegman, President of BioSpecifics, passed away on March 13, 2019.
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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$17.66	-0.67 -3.66%	$18.33	$19.65	-10.13%	77,606 79.19%	98,000
Most Recent Note for CAMT - 10/30/2020 12:40:47 PM Stubbornly held its ground after a gap up on 10/01/20 hitting a new all-time high. Found prompt support near its 50 DMA line during the recent consolidation. Fundamental concerns remain. Reported earnings +38% on +23% sales revenues for the Sep '20 quarter. This Israeli Electronics firm showed sub par earnings increases in prior quarterly comparisons versus year ago periods. Went through a deep pullback and then rebounded impressively since noted with caution in the 1/28/20 mid-day report - "Annual earnings (A criteria) history was erratic and not a match with the fact-based investment system's fundamental guidelines."
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COWN - NASDAQ - Finance-Invest Bnk/Bkrs Cowen Group Inc Cl A	$20.40	-0.64 -3.04%	$21.10	$21.71	-6.03%	403,496 104.26%	387,000
Most Recent Note for COWN - 10/30/2020 12:41:46 PM Perched at its 52-week high following volume-driven gain when prior mid-day reports cautioned members - "Reported very strong Sep and Jun '20 quarterly results versus the year ago periods. 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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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$251.42	-6.36 -2.47%	$262.19	$267.10	-5.87%	314,903 91.28%	345,000
Most Recent Note for DECK - 10/30/2020 12:44:10 PM Hovering near its all-time high following a spurt of gains gains. Reported Sep '20 quarterly earnings +32% on +15% sales revenues versus the year ago period but fundamental concerns remain.
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EVA - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Enviva Partners, LP	$42.64	+1.79 4.38%	$42.85	$44.00	-3.09%	405,083 488.05%	83,000
Most Recent Note for EVA - 10/30/2020 12:47:02 PM Remains perched near its all-time high and it found prompt support near its 50 DMA line. Today's big gain is marked by heavy volume. Due to report Sep '20 quarterly results on 11/04/20. 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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FB - NASDAQ - INTERNET Facebook Inc Cl A	$262.15	-18.68 -6.65%	$276.70	$304.67	-13.96%	23,390,630 102.46%	22,830,000
Most Recent Note for FB - 10/30/2020 12:49:14 PM Slumping below its 50 DMA line ($270) again with today's big loss on higher volume. Reported earnings +13% on +22% sales revenues for the Sep '20 quarter versus the year-ago period. Quarterly comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Downturn in FY '19 earnings versus the year ago broke its streak of strong annual earnings increases (A criteria). Not a good match with most winning models of the fact-based investment system. Large supply of shares outstanding (S criteria) and it is heavily owned by 4,849 top-rated mutual funds as of Sep '20. Stocks with a small supply and just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal.
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FIVN - NASDAQ - Computer Sftwr-Enterprse Five9 Inc	$148.97	+5.86 4.09%	$155.83	$148.96	0.01%	743,459 116.53%	638,000
Most Recent Note for FIVN - 10/30/2020 12:51:36 PM Extended from any sound base and perched at its all-time high with today's volume-driven gain. Reported Sep '20 quarterly earnings +35% on +34% sales revenues versus the year ago period. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria).
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$84.77	-2.69 -3.08%	$88.10	$97.93	-13.44%	2,823,631 101.39%	2,785,000
Most Recent Note for FSLR - 10/30/2020 12:53:13 PM Pulling back for a 2nd consecutive volume-driven loss today negating the recently noted "breakaway gap". Bullish action came after it reported Sep '20 quarterly earnings +400% on +70% sales revenues versus the year ago period. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). It was dropped from the Featured Stocks list on 6/4/2008.
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IPHI - NYSE - Elec-Semicondctor Fablss Inphi Corp	$138.66	-1.94 -1.38%	$141.49	$143.64	-3.47%	1,270,072 109.39%	1,161,000
Most Recent Note for IPHI - 10/30/2020 12:53:57 PM Gapped up on the prior session hitting a new all-time high on M&A news. Reported Sep '20 quarterly earnings +96% on +92% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a previously noted downturn in FY '18, a flaw in its annual earnings (A criteria) history.
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OLED - NASDAQ - Elec-Misc Products Universal Display Corp	$194.82	-2.98 -1.51%	$205.77	$222.20	-12.32%	228,372 75.87%	301,000
Most Recent Note for OLED - 10/30/2020 12:55:33 PM Reported earnings +9% on +20% sales revenues for the Sep '20 quarter versus the year ago period, and the 2 prior quarterly comparisons were not above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been erratic and is not a match with the fact-based investment system's fundamental guidelines. Rebounded after a deep consolidation since dropped from the Featured Stocks list on 1/29/18.
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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$35.58	-0.62 -1.72%	$37.43	$38.48	-7.55%	23,088 65.97%	35,000
Most Recent Note for PDEX - 10/30/2020 12:56:30 PM Perched at its all-time high following a spurt of volume-driven gains. Found support near its 50 DMA line ($29.00). Due to report Sep '20 quarterly results on 11/05/20. 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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PRGX - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services P R G X Global Inc	$5.65	-0.09 -1.57%	$5.99	$6.11	-7.53%	60,059 171.60%	35,000
Most Recent Note for PRGX - 10/30/2020 12:57:26 PM Fundamental concerns remain. Low-priced stocks are discouraged from consideration unless all key criteria of the fact-based investment system are solidly satisfied.
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SNE - NYSE - CONSUMER DURABLES - Electronic Equipment Sony Corp American Shrs	$82.85	-0.58 -0.70%	$84.05	$84.15	-1.54%	662,834 65.18%	1,017,000
Most Recent Note for SNE - 10/30/2020 12:58:22 PM This Japan-based giant in the Media- Diversified industry has posted volume-driven gains this week challenging multi-year highs. Reported Sep '20 earnings +155% on +2% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history has been erratic and is not a match with the fact-based investment system's fundamental guidelines.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$5.31	-0.13 -2.39%	$5.35	$5.91	-10.15%	2,298,588 84.79%	2,711,000
Most Recent Note for UMC - 10/30/2020 1:03:42 PM Consolidating near its 52-week high. Prior high ($4.69 on 8/06/20) and its 50 DMA line ($4.62) define near-term support to watch. Reported Sep '20 quarterly earnings +225% on +28% sales revenues versus the year ago period. Last week the company reported that it expects to soon settle litigation and regulatory concerns with regard to a Micron (MU) dispute. Prior mid-day reports noted - "Reported Jun '20 quarterly earnings +350% on +30% sales revenues versus the year-ago period and recent quarters showed solid earnings and improved sales revenues increases. Up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines."
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VCRA - NYSE - Comml Svcs-Healthcare Vocera Communications	$34.17	-0.91 -2.58%	$36.86	$36.17	-5.54%	217,767 72.35%	301,000
Most Recent Note for VCRA - 10/30/2020 1:04:53 PM Churning heavy volume this week. Reported Sep '20 quarterly earnings +36% on +6% sales revenues. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $42 level while hovering near its 52-week high. Found support near its 50 DMA line ($29.32) during the consolidation since a big gap up when noted with caution in the 7/29/20 mid-day report after reporting Jun '20 earnings +43% on +6% sales revenues versus the year ago period. 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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ZEN - NYSE - Computer Sftwr-Enterprse Zendesk Inc	$111.42	+5.39 5.08%	$117.35	$116.54	-4.40%	2,172,526 161.89%	1,342,000
Most Recent Note for ZEN - 10/30/2020 1:11:02 PM Today it gapped up and hit a new all-time high but encountered distributional pressure and pulled back considerably. Fundamentals remain strong after it reported Sep'20 quarterly earnings +42% on +24% sales revenues versus the year ago period. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
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