Mid-Day Breakouts Report - Tuesday, November 17th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, NOVEMBER 17TH, 2020
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DOW 29764.38 -186.06 (-0.62%) | NASDAQ 11905.85 -18.28 (-0.15%) | S&P 500 3612.61 -14.3 (-0.39%)

Time of Screening : 11/17/2020 12:24:53 PM Report Released : 11/17/2020 1:09:34 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
CLFD - NASDAQ Clearfield Inc	$22.24	-1.50 -6.31%	$23.96	121,715 121.72% of 50 DAV 50 DAV is 100,000	$25.97 -14.35%	11/17/2020	$22.06	PP = $26.07 MB = $27.37
Most Recent Note - 11/17/2020 12:44:27 PM Y - Today's volume-driven loss is testing support at its 50 DMA line ($21.73) and more damaging losses would raise concerns. Color code is changed to yellow with pivot point cited based on its 11/09/20 high plus 10 cents. It has formed an advanced "ascending base" marked by 3 pullbacks of 10-20% after a big breakaway gap on 7/24/20. Subsequent gains above the pivot point marked by +40% above average volume are needed to trigger a proper technical buy signal. Reported earnings +57% on +14% sales revenues for the Sep '20 quarter versus the year ago period, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved after a downturn in FY '17. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACU - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Acme United Corp	$31.02	-0.23 -0.74%	$31.55	$31.75	-2.30%	22,536 187.80%	12,000
Most Recent Note for ACU - 11/17/2020 12:26:32 PM Powering to new multi-year highs with today's gain adding to the prior session's considerable volume-driven gain. Three of the past 4 quarterly comparisons through Sep '20 showed earnings increases above the +25% minimum guideline (C criteria) with sales revenues growth rate showing acceleration. Annual earnings (A criteria) history has been up and down, not a match with the fundamental guidelines of the fact-based investment system.
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AOSL - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alpha & Omega Semicondtr	$20.54	-0.44 -2.07%	$20.92	$21.50	-4.49%	142,762 106.54%	134,000
Most Recent Note for AOSL - 11/17/2020 12:28:04 PM Perched at its 52-week high following a spurt of 4 consecutive gains marked by ever-increasing and above average volume. Prior mid-day reports noted - "Reported strong Sep '20 quarterly results. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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AQUA - NYSE - Pollution Control Evoqua Water Tech Corp	$25.89	-2.47 -8.71%	$27.52	$28.38	-8.77%	869,133 137.96%	630,000
Most Recent Note for AQUA - 11/17/2020 12:31:09 PM Retreating from its 52 week high with above average volume behind today's big loss. Completed Secondary Offerings on 8/07/20 and 3/05/20. Reported Sep '20 quarterly earnings +71% on -7% sales revenues versus the year ago period. Stubbornly held its ground and made progress since last noted with caution in the 10/05/20 mid-day report - "Quarterly and annual earnings history (C and A criteria) has not been strong and steady. Faces little resistance due to /20 overhead supply up to the $25 level."
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$28.22	-0.25 -0.88%	$29.00	$29.52	-4.40%	49,029 136.19%	36,000
Most Recent Note for AVNW - 11/17/2020 12:31:48 PM Rebounded above its 50 DMA line and rallied for new 52-week highs with an impressive spurt of volume-driven gains. Prior mid-day reports noted - "Reported Sep '20 quarterly earnings +138% on +13% sales revenues versus the year ago period. 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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BIDU - NASDAQ - INTERNET - Internet Information Providers Baidu Inc Ads	$144.44	-3.40 -2.30%	$145.48	$151.18	-4.46%	2,460,444 77.84%	3,161,000
Most Recent Note for BIDU - 11/17/2020 12:34:59 PM Gapped down today after reporting Sep '20 quarterly earnings +69% on+6% sales revenues versus the year ago period. Earnings were +41% on -4% sales revenues for the Jun '20 quarter. Sub par sales revenues growth remains a concern, fundamenntally. Went through a long and deep consolidation since dropped from the Featured Stocks list on 1/16/15.
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CAI - NYSE - Comml Svcs-Leasing CAI International Inc	$30.46	+0.32 1.06%	$30.60	$31.68	-3.85%	119,966 100.81%	119,000
Most Recent Note for CAI - 11/17/2020 12:36:28 PM Hovering near its 52-week high. Found support at its 50 DMA line during the consolidation since last noted with caution in the 10/19/20 mid-day report - "Fundamental's are not a match with the guidelines (C and A criteria) of the fact-based investment system."
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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$70.56	-1.98 -2.72%	$72.50	$79.84	-11.63%	534,225 84.93%	629,000
Most Recent Note for CRNC - 11/17/2020 12:46:09 PM Hit another new 52-week high with a gap up and volume-driven gain on the prior session, getting extended from any sound base. Found support near its 50 DMA line during its recent consolidations. Reported earnings +17% on +10% sales revenues for the sep '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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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$63.42	+0.14 0.21%	$63.98	$70.00	-9.41%	202,989 115.33%	176,000
Most Recent Note for DAVA - 11/17/2020 12:51:23 PM Testing support at its 50 DMA line ($63.23) after touching a new all-time high last week but encountering distributional pressure while it faces no resistance due to overhead supply. This UK-based Computer-Tech Services firm is due to report Sep '20 quarterly results. Reported Jun '20 quarterly earnings +12% on +15% sales revenues versus the year ago period and Mar '20 quarterly earnings +16% on +20% sales revenues versus the year ago period, bother 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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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$17.19	-0.76 -4.23%	$17.64	$18.99	-9.48%	177,965 117.08%	152,000
Most Recent Note for DGII - 11/17/2020 12:53:43 PM Earnings increases were above the +25% guideline in the 3 most recent quarterly comparisons through Sep '20. There was a "negative reversal" after challenging prior highs in the $19 area when the 11/13/20 mid-day report last noted - "New highs on high volume would be a long-term technical breakout to watch for. Annual earnings history has not shown steady increases."
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FLGT - NASDAQ - Medical-Research Eqp/Svc Fulgent Genetics Inc	$45.79	-0.26 -0.56%	$46.85	$52.47	-12.73%	996,221 102.07%	976,000
Most Recent Note for FLGT - 11/17/2020 12:55:25 PM Rebounded impressively toward its all-time high with 3 consecutive voljme-driven gains. The 11/16/20 mid-day report noted - "Recent quarterly comparisons in Jun and Sep '20 showed earnings with strong sales revenues increases. Prior earnings history is not a match with the fundamental guidelines."
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FORM - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Formfactor Inc	$40.12	-0.34 -0.83%	$40.33	$40.46	-0.84%	416,177 76.50%	544,000
Most Recent Note for FORM - 11/17/2020 12:58:45 PM Perched at a new 52-week high today, extended from any sound base following an impressive streak of 11 consecutive gains and several with above average volume. Reported earnings +77% on +27% sales revenues for the Sep '20 quarter versus the year ago period, its 4th strong quarterly comparison. Noted with caution in prior mid-day reports - "Fundamental concerns remain as its annual earnings (A criteria) history has not been strong and steady."
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$45.72	+1.86 4.23%	$46.17	$44.28	3.24%	1,820,375 116.17%	1,567,000
Most Recent Note for FUTU - 11/17/2020 12:59:21 PM No resistance remains due to overhead supply. Hitting a new 52-week high with today's 10th consecutive volume-driven gain. Due to report Sep '20 quarterly results on 11/19/20. Made choppy progress since completing a new Public Offering when noted with caution in the 8/18/20 mid-day report - "The Mar and Jun '20 quarterly comparisons showed strong sales revenues and earnings increases versus the year ago periods. Prior history is sub par. China-based Financial firm completed its $12 IPO on 3/08/19."
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HDS - NASDAQ - Bldg-Constr Prds/Misc H D Supply Holdings Inc	$55.78	+0.01 0.01%	$55.83	$55.89	-0.21%	8,525,322 447.29%	1,906,000
Most Recent Note for HDS - 11/17/2020 1:01:27 PM Gapped up on the prior session on M&A news with Home Depot (HD). The 11/10/20 mid-day report last noted - "Reported earnings +5% on -4% sales revenues for the Jul '20 quarter versus the year ago period. Earnings comparisons have been negative and well below the +25% minimum guideline (C criteria) with sub par sales revenues growth. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines. Completed a Secondary Offering on 7/23/15."
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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$87.70	+2.44 2.86%	$87.90	$92.77	-5.47%	9,927,240 83.47%	11,893,000
Most Recent Note for JD - 11/17/2020 1:02:07 PM Churning heavy volume in revent weeks while hovering near its all-time high and testing its 50 DMA line ($80). The 50 DMA line was noted as reliable support during its ongoing ascent. Completed a new Public Offering on 6/11/20. Reported Sep '20 quarterly earnings +72% on +36% sales revenues versus the year ago period, its 2nd strong comparison. Volume and volatility often increase near earnings news. Noted with caution in prior mid-day reports - "Reported Jun '20 quarterly earnings +52% on +30% sales revenues versus the year ago period. This Chinese retailer's prior quarterly earnings increases 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 investment system's fundamental guidelines."
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LOW - NYSE - RETAIL - Home Improvement Stores Lowes Companies Inc	$158.25	-3.66 -2.26%	$161.50	$180.67	-12.41%	2,701,659 69.76%	3,873,000
Most Recent Note for LOW - 11/17/2020 1:04:40 PM Sputtering below its 50 DMA line ($165) since testing prior lows with a recent volume-driven loss. Due to report Oct '20 quarterly results on 11/18/20. Reported earnings +74% on +30% sales revenues for the Jul '20 quarter and 3 of the past 4 comparisons were above the +25% minimum earnings guideline (C criteria). Sales revenues growth rate has shown encouraging acceleration helping it better match with the fact-based investment system's winning models.
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NGHC - NASDAQ - Insurance-Prop/Cas/Titl National General Holdings Corp	$34.11	-0.02 -0.06%	$34.15	$34.48	-1.07%	460,300 73.65%	625,000
Most Recent Note for NGHC - 11/17/2020 1:05:15 PM Holding its ground in a tight range near its high since a considerable gap up on 7/08/20 following M&A news with Allstate (ALL). Completed a new Public Offering on 11/14/18. Reported earnings +53% on +10% sales revenues for the Sep '20 quarter versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth has not been strong and steady.
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RNDB - NASDAQ - Banks-Northeast Randolph Bancorp Inc	$17.10	+0.12 0.71%	$17.10	$18.34	-6.76%	6,614 66.14%	10,000
Most Recent Note for RNDB - 11/17/2020 1:06:20 PM Recently rebounding near its 52-week high after a deep 10-month cup shaped base. Prior mid-day reports noted - "Reported Sep '20 earnings +857% on +99% sales revenues versus the year ago period, and sequential quarterly comparisons have shown encouraging acceleration in the earnings and sales growth rate. Annual earnings (A criteria) history included losses in FY '17 and '18, a fundamental flaw with regard to the fact-based investment system. Has a new CEO as of 4/01/20."
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SNE - NYSE - CONSUMER DURABLES - Electronic Equipment Sony Corp American Shrs	$89.69	-0.76 -0.84%	$90.70	$91.10	-1.55%	1,253,008 112.58%	1,113,000
Most Recent Note for SNE - 11/17/2020 1:07:35 PM This Japan-based giant in the Media- Diversified industry posted volume-driven gains while recently rallying to new 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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SQ - NYSE - Finance-CrdtCard/PmtPr Square Inc	$189.62	+10.46 5.84%	$190.74	$201.33	-5.82%	6,245,102 65.54%	9,529,000
Most Recent Note for SQ - 11/17/2020 1:08:48 PM Perched near its all-time high and prior mid-day reports cautioned members - "Very extended from any sound base. Fundamental concerns remain. Reported earnings +36% on +140% sales revenues for the Sep '20 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a choppy consolidation and rallied impressively since dropped from the Featured Stocks list on 4/25/18."
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WAL - NYSE - BANKING - Regional - Pacific Banks Western Alliance Bancorp	$53.56	-1.21 -2.21%	$53.95	$58.94	-9.13%	584,058 76.65%	762,000
Most Recent Note for WAL - 11/17/2020 1:09:27 PM Reported earnings +10% on -3% sales revenues for the Sep '20 quarter, and fundamental concerns remain. Prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria).
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