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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 2ND, 2020
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DOW 21336.55 393.04 (1.88%) | NASDAQ 7474.87 114.29 (1.55%) | S&P 500 2520.52 50.02 (2.02%)
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Time of Screening :
4/2/2020 12:26:39 PM Report Released :
4/2/2020 12:54:49 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 50% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
DG
- NYSE - RETAIL - Discount, Variety Stores
Dollar General Corp
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$159.01 |
+5.85
3.82%
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$161.33
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$167.44
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-5.04% |
1,654,918
65.65%
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2,521,000
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Most Recent Note for DG - 4/2/2020 12:28:25 PM
Rebounding further above its 200 DMA line ($152) and its 50 DMA line ($154) with today's 6th consecutive gain after an abrupt slump from its all-time high. Reported earnings +12% on +8% sales revenues for the Jan '20 quarter and prior quarters were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth history has been steady.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DGICA
- NASDAQ - Insurance-Prop/Cas/Titl
Donegal Group Inc Cl A
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$14.89 |
+0.05
0.34%
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$15.22
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$15.43
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-3.50% |
17,821
54.00%
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33,000
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Most Recent Note for DGICA - 4/2/2020 12:30:00 PM
Rebounded near its 52-week high after an abrupt pullback. Prior quarterly sales revenues and earnings growth has not been strong and steady. Annual earnings (A criteria) history also has been up and down.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DOCU
- NASDAQ - Computer Sftwr-Enterprse
Docusign Inc
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$89.36 |
-2.73
-2.96%
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$93.95
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$98.38
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-9.17% |
2,018,358
70.47%
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2,864,000
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Most Recent Note for DOCU - 4/2/2020 12:31:56 PM
Consolidating after reaching a new all-time high this week with big volume-driven gains. It did not form a sound base yet rallied impressively after recently finding support at its 200 DMA line ($66.63). Earnings history included a -67% comparison in the Jul '19 quarter versus the year ago period, but otherwise results have been very strong with solid sales revenues growth.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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GOLD
- NYSE - METALS & MINING - Gold
Barrick Gold Corporation
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$20.20 |
+1.33
7.05%
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$20.63
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$22.57
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-10.50% |
12,732,746
59.35%
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21,452,000
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Most Recent Note for GOLD - 4/2/2020 12:32:27 PM
Rebounded above its 50 DMA line ($18.97) after an abrupt retreat from its high on 2/24/20. Prior mid-day reports noted - "The Jun, Sep, and Dec '19 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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JD
- NASDAQ - Retail-Internet
JD.com Inc Cl A Ads
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$40.75 |
-0.16
-0.39%
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$41.55
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$45.34
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-10.12% |
9,864,035
54.13%
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18,222,000
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Most Recent Note for JD - 4/2/2020 12:33:18 PM
Found prompt support near its 200 DMA line ($34) and now consolidating near its 50 DMA line ($40.19). Faces some resistance due to overhead supply up to the $50 level. This Chinese retailer reported earnings +14% on +22% sales revenues for the Dec '19 quarter, breaking a streak of much stronger increases in the 4 prior quarterly comparisons versus the year ago periods. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MLNX
- NASDAQ - ELECTRONICS - Semiconductor - Broad Line
Mellanox Technologies
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$120.05 |
+0.09
0.08%
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$120.27
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$123.79
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-3.02% |
710,578
64.19%
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1,107,000
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Most Recent Note for MLNX - 4/2/2020 12:34:02 PM
Previously noted M&A news with Nvidia (NVDA). Holding its ground stubbornly since rebounding above its 50 and 200 DMA lines with big volume-driven gains last week. This Israel-based Electronics - Semiconductor firm reported earnings +63% with sales revenues +31% for the Dec '19 quarter versus the year ago period. Three of the past 4 comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '17, not a good match with the fact-based investment system's guidelines. It was dropped from the Featured Stocks list on 7/17/12.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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OSUR
- NASDAQ - DRUGS - Diagnostic Substances
Orasure Technologies Inc
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$10.45 |
-1.13
-9.76%
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$11.50
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$11.77
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-11.21% |
621,933
79.53%
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782,000
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Most Recent Note for OSUR - 4/2/2020 12:34:43 PM
Retreating today after rallying impressively with a spurt of 5 consecutive volume-driven gains. The 4/01/20 mid-day report noted - "Quarterly and annual earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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QDEL
- NASDAQ - DRUGS - Diagnostic Substances
Quidel Corp
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$94.84 |
-2.97
-3.04%
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$98.38
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$106.56
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-11.00% |
387,196
84.54%
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458,000
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Most Recent Note for QDEL - 4/2/2020 12:42:24 PM
Consolidating after spiking to a new all-time high with 3 consecutive volume-driven gains. This San Diego, CA based maker of rapid diagnostic tests for infectious diseases has earned a high Earnings Per Share rating of 95. Reported earnings +23% on +15% sales revenues for the Dec '19 quarter and prior quarterly earnings comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history include a slight downturn in FY '19 following strong earnings growth in FY '17 and '18.
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SEC |
News |
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A N
S L
I M
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QLYS
- NASDAQ - Computer Sftwr-Security
Qualys Inc
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$85.47 |
+2.67
3.22%
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$86.64
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$95.99
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-10.96% |
226,856
52.76%
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430,000
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Most Recent Note for QLYS - 4/2/2020 12:50:27 PM
Perched -11% off its 52-week high, consolidating above its 50 DMA line ($83.80). Fundamentals remain strong after it reported Dec '19 earnings +25% on +14% sales revenues, continuing its strong earnings track record. Went through a choppy consolidation since dropped from the Featured Stocks list when last noted with caution on 6/26/19. Relative Strength Rating of 90 is now above the 80+ minimum guideline for buy candidates.
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SEC |
News |
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A N
S L
I M
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RNG
- NYSE - Computer Sftwr-Enterprse
RingCentral Inc Cl A
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$218.56 |
+7.89
3.75%
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$223.41
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$256.60
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-14.82% |
1,286,434
80.86%
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1,591,000
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Most Recent Note for RNG - 4/2/2020 12:52:03 PM
There was a "negative reversal" on 3/30/20 after hitting a new all-time high. Rebounded impressively following an abrupt slump in recent weeks that briefly undercut its 200 DMA line ($164). Noted with caution in prior mid-day reports - "Reported earnings -4% on +34% sales revenues for the Dec '19 quarter. Earnings increases were below the +25% minimum guideline in the Mar, Jun, and Sep '19 quarters versus the year ago periods although sales revenues growth remained strong. Annual earnings growth has been strong since turning a profitable FY '16 after shrinking losses in prior years."
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A N
S L
I M
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TMUS
- NYSE - Telecom Svcs-Wireless
T-Mobile U.S. Inc
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$87.37 |
+2.24
2.63%
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$88.52
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$101.35
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-13.80% |
4,670,789
76.77%
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6,084,000
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Most Recent Note for TMUS - 4/2/2020 12:54:43 PM
Consolidating near its 50 DMA line ($86) after an abrupt pullback. Powered to new all-time highs following a federal ruling that approved its proposed merger with Sprint (S). Reported earnings +25% on +4% sales revenues for the Dec '19 quarter. Sub par sales revenues growth rate is a concern while quarterly comparisons had earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings improved steadily after a big loss in FY '12.
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
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not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
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