Mid-Day Breakouts Report - Tuesday, April 7th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, APRIL 7TH, 2020
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DOW 23337.16 657.17 (2.90%) | NASDAQ 8042.89 129.65 (1.64%) | S&P 500 2730.64 66.96 (2.51%)

Time of Screening : 4/7/2020 12:04:28 PM Report Released : 4/7/2020 12:27:46 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% 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
ACIA - NASDAQ - Telecom-Fiber Optics Acacia Communications	$67.20	+0.50 0.75%	$67.76	$69.00	-2.61%	380,151 59.77%	636,000
Most Recent Note for ACIA - 4/7/2020 12:05:11 PM Found support near its 200 DMA line and met resistance near its 50 DMA line during the recent consolidation. Reported Dec '19 quarterly earnings +17% on +20% sales revenues, below the +25% minimum earnings guideline (C criteria). Consolidating since 7/09/19 M&A news with Cisco Systems (CSCO). Reported strong Sep and Jun '19 quarterly results. Went through a deep consolidation since noted with caution after it proposed a new Public Offering on 9/26/16, up from its $23 IPO on 5/13/16,
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AKAM - NASDAQ - INTERNET - Internet Software & Services Akamai Technologies Inc	$97.37	-0.42 -0.43%	$99.43	$103.34	-5.78%	977,239 48.52%	2,014,000
Most Recent Note for AKAM - 4/7/2020 12:06:12 PM Perched near multi-year highs, now consolidating above its 50 DMA line. Prior mid-day reports cautioned members - "Reported earnings +15% on +8% sales revenues for the Dec '19 quarter, below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth remains a concern. Went through a choppy consolidation since dropped from the Featured Stocks list on 6/15/15."
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AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$27.74	+1.35 5.12%	$27.95	$28.73	-3.45%	321,069 61.63%	521,000
Most Recent Note for AUDC - 4/7/2020 12:07:13 PM Did not form a sound base, yet faces very little resistance due to overhead supply up to the $28 level. Rebounded impressively after a deep pullback since dropped from the Featured Stocks list on 2/27/20. Fundamentals remain strong after it reported earnings +30% on +15% sales revenues for the Dec '19 quarter.
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CABO - NYSE - Telecom Svcs-Cable/Satl Cable One Inc	$1,700.00	+53.84 3.27%	$1,723.79	$1,830.50	-7.13%	18,311 48.19%	38,000
Most Recent Note for CABO - 4/7/2020 12:11:01 PM Consolidating above its 50 DMA line and -7.3% off its all-time high. Earnings increases were above the +25% minimum guideline (C criteria) in the 2 latest quarterly comparisons through Dec '19. Annual earnings (A criteria) history has been strong after a downturn in FY '15.
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CIEN - NYSE - Telecom-Fiber Optics Ciena Corporation	$46.39	+1.36 3.02%	$46.50	$46.78	-0.84%	1,426,321 64.16%	2,223,000
Most Recent Note for CIEN - 4/7/2020 12:11:52 PM Challenging its 52-week high. Prior mid-day reports noted - "Reported earnings +58% on +7% sales revenues for the Jan '20 quarter. Three of the past 4 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '17, not strong and steady."
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DG - NYSE - RETAIL - Discount, Variety Stores Dollar General Corp	$170.71	+1.06 0.62%	$170.83	$170.13	0.34%	1,419,165 53.47%	2,654,000
Most Recent Note for DG - 4/7/2020 12:12:54 PM Reaching a new all-time high with today's 9th consecutive gain. 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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DGICA - NASDAQ - Insurance-Prop/Cas/Titl Donegal Group Inc Cl A	$14.74	+0.34 2.36%	$14.74	$15.43	-4.47%	16,611 47.46%	35,000
Most Recent Note for DGICA - 4/7/2020 12:13:10 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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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$87.46	-2.69 -2.98%	$91.04	$98.38	-11.10%	1,551,233 50.78%	3,055,000
Most Recent Note for DOCU - 4/7/2020 12:14:12 PM Consolidating near its all-time high following big volume-driven gains. It did not form a sound base yet rallied impressively after recently finding support at its 200 DMA line ($67). 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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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$6.75	-0.15 -2.17%	$6.92	$7.79	-13.35%	166,280 56.56%	294,000
Most Recent Note for DRD - 4/7/2020 12:14:41 PM Recent quarterly comparisons through Dec '19 showed greatly improved sales revenues and strong earnings increases versus year ago losses. Fundamental concerns remain as when noted with caution in the 2/07/13 mid-day report - "This low-priced South African company in the Mining - Gold/Silver/Gems group has an erratic earnings history, not a match with the fact-based investment system's guidelines."
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EA - NASDAQ - Computer Sftwr-Gaming Electronic Arts Inc	$105.45	-1.06 -1.00%	$107.46	$114.13	-7.61%	2,312,019 56.05%	4,125,000
Most Recent Note for EA - 4/7/2020 12:15:24 PM Rebounded above its 50 DMA line ($103) after an abrupt slump. Noted with caution in prior mid-day reports - "Reported earnings +31% on +24% sales revenues for the Dec '19 quarter, and prior quarterly comparisons were not strong and steady above the +25% minimum earnings growth guideline (C criteria)."
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FNV - NYSE - METALS & MINING - Gold Franco Nevada Corp	$105.84	-4.60 -4.17%	$109.98	$122.65	-13.71%	622,482 52.98%	1,175,000
Most Recent Note for FNV - 4/7/2020 12:16:19 PM Sputtering below its 50 DMA line ($109.64). Reported Dec '19 earnings +146% on +74% sales revenues, its 2nd consecutive quarterly comparison with very strong results versus the year ago period. Annual earnings (A criteria) history has been strong after a downturn in FY '15.
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FTNT - NASDAQ - Computer Sftwr-Security Fortinet Inc	$108.25	+0.37 0.34%	$111.99	$121.82	-11.14%	1,102,534 46.80%	2,356,000
Most Recent Note for FTNT - 4/7/2020 12:17:09 PM Rebounded above its 50 DMA line ($104), but it faces resistance due to overhead supply up to the $121 level. Rebounded after slumping well below its 200 DMA line ($94) and triggering worrisome technical sell signals. Dropped from the Featured Stocks list on 3/09/20, however, fundamentals remain strong.
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$44.58	-0.44 -0.98%	$45.01	$48.83	-8.70%	233,259 64.26%	363,000
Most Recent Note for LOGI - 4/7/2020 12:18:01 PM Impressively rebounded above its 50 and 200 DMA lines with recent volume-driven gains. Fundamental concerns remain. Reported earnings +6% on +4% sales revenues for the Dec '19 quarter and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). This Switzerland-based Computer - Hardware/Peripherals firm went through a deep V shaped pullback since challenging its all-time high in January after a deep 18-month consolidation.
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MEET - AMEX - Internet-Content Meetme Inc	$6.01	+0.04 0.67%	$6.07	$7.00	-14.14%	1,928,117 59.68%	3,231,000
Most Recent Note for MEET - 4/7/2020 12:18:20 PM Perched near its 52-week high following M&A news. Reported earnings +42% on +10% sales revenues for the Dec '19 quarter. Noted with caution in prior mid-day reports - "Recent quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria), however, its sales revenues growth rate showed deceleration in sequential quarters +32%, +21%, and +15% in the Mar, Jun, Sep '19 periods, respectively. Up and down annual earnings (A criteria) history is a concern."
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MLNX - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Mellanox Technologies	$120.66	+0.82 0.68%	$121.55	$123.79	-2.53%	572,440 48.43%	1,182,000
Most Recent Note for MLNX - 4/7/2020 12:18:51 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. 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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MPWR - NASDAQ - ELECTRONICS - Semiconductor - Specialized Monolithic Power Systems	$172.23	+2.23 1.31%	$173.43	$193.10	-10.81%	254,917 60.69%	420,000
Most Recent Note for MPWR - 4/7/2020 12:20:04 PM Consolidating above its 50 DMA line ($168) and -9.6% off its all-time high. Reported earnings +5% on +9% sales revenues for the Dec '19 quarter, its 5th consecutive quarterly comparison with an earnings increase below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$167.11	+1.84 1.11%	$170.00	$190.70	-12.37%	29,143,078 50.30%	57,933,000
Most Recent Note for MSFT - 4/7/2020 12:21:00 PM Rebounding above its 50 DMA line ($164). Reported earnings +37% on +14% sales revenues for the Dec '19 quarter. Prior quarterly and annual earnings (C and A criteria) and sales growth history is not a match with the fact-based investment system's fundamental guidelines.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$376.83	-3.13 -0.82%	$381.33	$393.52	-4.24%	3,496,415 46.85%	7,463,000
Most Recent Note for NFLX - 4/7/2020 12:22:17 PM Faces resistance due to overhead supply up to the $423 level. Reported earnings +333% on +31% sales revenues for the Dec '19 quarter, its 2nd consecutive very strong quarter. Rebounded above its 200 DMA line ($323) and above its 50 DMA line ($361) following an abrupt slump. Went through a choppy consolidation since dropped from the Featured Stocks list on 7/30/18.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$268.98	+0.58 0.21%	$278.25	$316.32	-14.97%	8,860,395 55.28%	16,029,000
Most Recent Note for NVDA - 4/7/2020 12:22:59 PM Rebounded above its 50 DMA line ($255) after an abrupt retreat recently tested its 200 DMA line ($209). Reported earnings +136% on +41% sales revenues for the Jan '20 quarter versus the year ago period. The 4 prior quarterly comparisons had lower sales revenues and lower earnings (negative 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 guidelines.
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ODC - NYSE - CHEMICALS - Specialty Chemicals Oil Dri Corp America	$33.00	-0.26 -0.78%	$33.99	$38.80	-14.95%	8,185 51.16%	16,000
Most Recent Note for ODC - 4/7/2020 12:24:42 PM Sputtering below its 50 and 200 DMA lines. Sales revenues growth is not a match with the fact-based investment system's fundamental guidelines.
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OSUR - NASDAQ - DRUGS - Diagnostic Substances Orasure Technologies Inc	$10.22	-0.90 -8.06%	$11.45	$11.77	-13.21%	557,832 65.40%	853,000
Most Recent Note for OSUR - 4/7/2020 12:24:55 PM Consolidating after rallying impressively with a spurt of volume-driven gains. Prior mid-day reports 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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QDEL - NASDAQ - DRUGS - Diagnostic Substances Quidel Corp	$91.70	-4.62 -4.80%	$98.00	$106.56	-13.95%	273,178 55.86%	489,000
Most Recent Note for QDEL - 4/7/2020 12:25:28 PM Consolidating after spiking to a new all-time high with recent 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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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$16.49	+0.71 4.47%	$16.58	$17.85	-7.65%	3,536,049 48.85%	7,239,000
Most Recent Note for VIPS - 4/7/2020 12:26:15 PM Reported earnings +116% on +11% sales revenues for the Dec '19 quarter, its 3rd strong quarterly comparison with earnings above the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line during its consolidation after a big gap up and volume-driven gain on 3/05/20. Faces resistance due to overhead supply up to the $19 level. Apr '15 high was $30, up considerably from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14. Downturn in FY '18 is a noted flaw in its annual earnings (A criteria) history.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$255.11	-0.19 -0.07%	$267.45	$256.65	-0.60%	1,374,973 66.84%	2,057,000
Most Recent Note for VRTX - 4/7/2020 12:27:42 PM Hit another new all-time high with today's early gain after a big gap up and volume-driven gain on the prior session. Recently tested support at its 200 DMA line ($203). Reported earnings +31% on +62% sales revenues for the Dec '19 quarter. The Sep '19 quarter was below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) has improved greatly following losses in FY '13-15.
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