Mid-Day Breakouts Report - Thursday, May 7th, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 7TH, 2020
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DOW 24058.71 394.07 (1.67%) | NASDAQ 8998.16 143.77 (1.62%) | S&P 500 2899.46 51.04 (1.79%)

Time of Screening : 5/7/2020 12:33:15 PM Report Released : 5/7/2020 1:58:40 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
FTNT - NASDAQ Fortinet Inc	$134.40	+22.94 20.58%	$136.85	3,206,570 128.31% of 50 DAV 50 DAV is 2,499,000	$121.82 10.33%	5/7/2020	$134.40	PP = $121.92 MB = $128.02
Most Recent Note - 5/7/2020 1:10:25 PM Y - Color code is changed to yellow with new pivot point cited based on its 2/06/20 high plus 10 cents. Fundamentals remain strong. Bullish action came after it reported earnings +30% on +22% sales revenues for the Mar '20 quarter. Hitting a new all-time high with today's big "breakaway gap" backed by above average volume. Rebounded impressively after slumping well below its 200 DMA line since dropped from the Featured Stocks list on 3/09/20. >>> The latest Featured Stock Update with an annotated graph appeared on 2/26/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACU - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Acme United Corp	$22.09	-0.11 -0.50%	$22.43	$24.92	-11.36%	14,571 97.14%	15,000
Most Recent Note for ACU - 5/7/2020 12:48:26 PM Consolidating above its 50 and 200 DMA lines. The past 3 quarterly comparisons through Mar '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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ARCE - NASDAQ - Computer Sftwr-Edu/Media Arco Platform Ltd	$56.86	+0.63 1.12%	$58.61	$59.49	-4.42%	149,058 68.69%	217,000
Most Recent Note for ARCE - 5/7/2020 12:51:10 PM Challenging its all-time high with today's 5th consecutive volume-driven gain. Due to report earnings news on 5/21/20. Completed a new Public Offering on 10/25/29. Prior quarterly comparisons were erratic, not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $17.50 IPO on 9/26/18.
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CCOI - NASDAQ - Telecom Svcs-Cable/Satl Cogent Comm Group Inc	$80.46	-5.13 -5.99%	$87.58	$92.96	-13.45%	412,344 77.95%	529,000
Most Recent Note for CCOI - 5/7/2020 12:53:49 PM Reported earnings +0% on +5% sales revenues for the Mar '20 quarter, and prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Sub par sales revenues growth rate is not a great match with the fact-based investment system's fundamental guidelines.
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CHGG - NYSE - Consumer Svcs-Education Chegg Inc	$59.06	-1.35 -2.23%	$60.65	$62.11	-4.92%	2,694,682 85.01%	3,170,000
Most Recent Note for CHGG - 5/7/2020 12:55:57 PM Holding its ground stubbornly after hitting new all-time highs with a considerable "breakaway gap" on 5/04/20 and more gains on the prior session. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Bullish action came after it reported earnings +47% on +35% sales revenues for the Mar '20 quarter. Volume and volatility often increase near earnings news. Went through a choppy consolidation since dropped from the Featured Stocks list on 9/03/19. Fundamentals have remained strong.
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DPZ - NYSE - Retail-Restaurants Dominos Pizza Inc	$367.18	-5.12 -1.38%	$371.94	$387.85	-5.33%	725,913 72.66%	999,000
Most Recent Note for DPZ - 5/7/2020 12:57:06 PM Perched near its all-time high. Reported earnings +40% on +4% sales revenues for the Mar '20 quarter, an improvement after 4 consecutive quarterly earnings comparisons below the +25% minimum guideline (C criteria). Annual earnings history has been strong and steady, satisfying the A criteria.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$9.21	-0.09 -0.97%	$9.51	$10.18	-9.53%	429,906 86.15%	499,000
Most Recent Note for DRD - 5/7/2020 12:58:45 PM Hovering near its 52-week high today following a volume-driven gain on 5/04/20. Held its ground stubbornly after a big volume-driven gain on 4/13/20. Found prompt support near its 200 DMA line in early March after an abrupt retreat. Recent quarterly comparisons through Dec '19 showed greatly improved sales revenues and strong earnings increases versus year ago losses. Fundamental concerns remain as noted in prior mid-day reports - "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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DXCM - NASDAQ - Medical-Systems/Equip Dexcom Inc	$399.14	+32.62 8.90%	$400.79	$381.38	4.66%	1,964,000 135.17%	1,453,000
Most Recent Note for DXCM - 5/7/2020 1:00:32 PM Gapped up today for another new all-time high, getting very extended from any sound base. Stubbornly held its ground and rose further since last noted in the 4/29/20 mid-day report with caution - "Reported strong earnings versus a loss for the year-ago quarter ended March 31, and prior quarterly comparisons have been strong with solid sales revenues growth. Annual earnings were strong for FY '18 and '19 after years of losses."
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ECOM - NYSE - Computer Sftwr-Enterprse ChannelAdvisor Corp	$11.97	+1.57 15.10%	$12.00	$11.88	0.76%	186,391 90.92%	205,000
Most Recent Note for ECOM - 5/7/2020 1:02:28 PM Gapped up today after reporting Mar '20 quarterly earnings +326% on +1% sales revenues versus the year ago period. Faces resistance due to overhead supply up to the $14 level. Prior mid-day reports noted - "Recent quarterly earnings increases have been strong through Dec '19, but with no sales revenues growth. Erratic annual earnings (A criteria)."
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$14.67	+0.70 4.97%	$14.76	$15.00	-2.23%	114,661 82.49%	139,000
Most Recent Note for ELMD - 5/7/2020 1:03:10 PM Hovering at its 52-week high, stubbornly holding its ground. Found prompt support near its 200 DMA line and rebounded impressively. Due to report earnings news on 5/12/20. Reported earnings +250% on +7% sales revenues for the quarter ended December 31, 2019 versus the year ago period, a 2nd strong quarterly comparison. Prior quarterly earnings increases were below the fact-based system's +25% minimum guideline (C criteria).
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ENPH - NASDAQ - Energy-Solar Enphase Energy Inc	$54.78	+2.10 3.99%	$55.88	$59.15	-7.39%	5,003,195 77.38%	6,466,000
Most Recent Note for ENPH - 5/7/2020 1:05:38 PM Rebounding impressively toward its 52-week high after a deep pullback. Found support near its 200 DMA line but did not form a sound base pattern. Patient investors may watch for a new base to possibly develop and be noted in the weeks ahead. Reported very strong sales revenues and earnings increases in quarterly comparisons through Mar '20 versus the year ago periods, satisfying the C criteria. Reported earnings in FY '18 and '19 after years of losses.
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$27.03	+1.50 5.88%	$27.29	$26.61	1.58%	687,846 116.78%	589,000
Most Recent Note for GMAB - 5/7/2020 1:14:59 PM Reported Mar '20 quarterly earnings +200% on +48% sales revenues versus the year ago period its 3rd consecutive strong quarterly comparison. Impressively rebounded and it is hitting a new all-time high today after a deep "V" shaped consolidation. Limited history remains a concern as has not been a good match with the fundamental guidelines of the fact-based investment system.
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GSX - NYSE - Consumer Svcs-Education GSX Techedu Inc Cl A Ads	$40.60	+1.61 4.13%	$40.70	$46.40	-12.50%	2,836,199 70.34%	4,032,000
Most Recent Note for GSX - 5/7/2020 1:18:37 PM Consolidating above its 50 DMA line ($38) and perched within striking distance of its 52-week high. Reported strong sales revenues and earnings increases in the Dec '19 and Mar '20 quarterly comparisons versus the year ago periods. Prior mid-day reports cautioned members - "Limited history is a concern. This China-based Consumer Services - Education firm completed its $10.50 IPO on 6/06/19 and completed a Secondary Offering on 11/21/19."
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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction Goldfield Corp	$3.42	+0.01 0.29%	$3.42	$3.94	-13.20%	49,973 72.42%	69,000
Most Recent Note for GV - 5/7/2020 1:20:12 PM Reported Mar '20 quarterly earnings -14% on -6% sales revenues versus the year ago period. Showed much better sales revenues increases and earnings in the Sep and Dec '19 quarterly comparisons. Fundamentals fall short of the C and A criteria of the fact-based investment system. Low-priced stocks are discouraged from consideration unless solidly satisfying all key criteria.
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HEBT - NASDAQ - Machinery-Mtl Hdlg/Autmn Hebron Technology Co Ltd	$11.89	+0.51 4.46%	$12.00	$11.55	2.92%	57,802 78.11%	74,000
Most Recent Note for HEBT - 5/7/2020 1:21:27 PM Due to report earnings news. Hitting a new all-time high with today's gain adding to a recent spurt. Fundamental concerns remain as prior quarterly and annual earnings history is not a match with the fact-based investment system's guidelines.
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HZNP - NASDAQ - Medical-Biomed/Biotech Horizon Pharma Inc	$42.23	-0.38 -0.88%	$43.11	$43.90	-3.82%	2,222,269 96.16%	2,311,000
Most Recent Note for HZNP - 5/7/2020 1:23:10 PM Reported earnings +42% on +27% sales revenues for the Mar '20 quarter. Hit a new all-time high with a "breakaway gap" on the prior session. Completed a new Public Offering on 3/06/19. Up and down 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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INVA - NASDAQ - Medical-Biomed/Biotech Innoviva Inc	$14.08	+0.18 1.30%	$14.20	$15.35	-8.31%	637,399 69.97%	911,000
Most Recent Note for INVA - 5/7/2020 1:26:08 PM Reported earnings +90% on +43% sales revenues for the Mar '20 quarter versus the year ago period. Prior 4 quarterly earnings comparisons were down from the year ago periods with sub par sales revenues growth. Damaging volume-driven losses triggered technical sell signals when last noted on 2/07/19 as it was dropped from the Featured Stocks list.
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MTCH - NASDAQ - INTERNET - Content Match Group Inc	$83.82	-3.53 -4.04%	$90.00	$95.32	-12.06%	2,209,276 78.51%	2,814,000
Most Recent Note for MTCH - 5/7/2020 1:29:01 PM Challenged its all-time high with today's early gain before reversing into the red. Reported earnings +31% on +17% sales revenues for the Mar '20 quarter. Prior comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Went through a choppy consolidation since last noted in the 8/09/19 mid-day report. Annual earnings history (A criteria) has been strong.
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NBIX - NASDAQ - DRUGS - Biotechnology Neurocrine Biosciences	$110.47	+6.99 6.75%	$112.87	$119.65	-7.68%	970,572 115.82%	838,000
Most Recent Note for NBIX - 5/7/2020 1:35:55 PM Rebounding toward its 52-week high with heavier volume behind today's 4th consecutive gain. Still faces some resistance due to overhead supply up to the $119 level. Recent quarterly comparisons through Mar '20 showed greatly improved sales revenues and earnings increases versus year ago periods (C criteria). After years of losses it reported annual earnings (A criteria) in FY '18 and '19.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$20.52	-0.20 -0.97%	$21.05	$23.06	-11.01%	1,938,588 112.84%	1,718,000
Most Recent Note for NOMD - 5/7/2020 1:37:38 PM Rebounded impressively above its 200 DMA line. The $22-23 area previously acted as stubborn resistance. Reported Mar '29 quarterly earnings -20% on +9% sales revenues versus the year ago period. Prior mid-day reports repeatedly noted - "Reported earnings +9% on +0% sales revenues for the Dec '19 quarter. Prior earnings and sales revenues growth was not strong and steady."
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PYPL - NASDAQ - Finance-CrdtCard/PmtPr PayPal Holdings, Inc	$145.09	+16.78 13.08%	$146.90	$129.59	11.96%	20,789,325 186.42%	11,152,000
Most Recent Note for PYPL - 5/7/2020 1:39:36 PM Hitting a new all-time high with today's big "breakaway gap" backed by heavy volume. Reported Mar '20 quarterly earnings +0% on +12% sales revenues versus the year ago period, and 3 of the past 4 comparisons were below the +25% minimum guideline (C criteria).
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QDEL - NASDAQ - DRUGS - Diagnostic Substances Quidel Corp	$153.15	+10.84 7.62%	$163.48	$146.05	4.86%	648,066 96.01%	675,000
Most Recent Note for QDEL - 5/7/2020 1:41:52 PM Reported Mar '20 quarterly earnings +34% on +18% sales revenues versus the year ago period, and sequential comparisons show encouraging acceleration in its sales revenues growth rate. This San Diego, CA based maker of rapid diagnostic tests for infectious diseases has earned a high Earnings Per Share rating of 97. 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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RNG - NYSE - Computer Sftwr-Enterprse RingCentral Inc Cl A	$255.01	+9.97 4.07%	$260.59	$256.60	-0.62%	1,121,500 66.72%	1,681,000
Most Recent Note for RNG - 5/7/2020 1:44:57 PM Hitting a new all-time high with today's 4th consecutive gain. Rebounded impressively following an abrupt slump that briefly undercut its 200 DMA line during the market correction in March. Reported earnings +12% on +33% sales revenues for the Mar '20 quarter. Prior quarterly earnings increases were below the +25% minimum guideline 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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RP - NASDAQ - REAL ESTATE - REIT - Diversified/Industrial Realpage Inc	$64.21	+1.41 2.25%	$64.86	$65.74	-2.33%	693,092 70.01%	990,000
Most Recent Note for RP - 5/7/2020 1:48:49 PM Perched at its 52-week high and challenging its all-time high ($66.25 in Oct '18) with today's gain. Reported earnings +8% on +18% sales revenues for the Mar '20 quarter, its 5th consecutive quarterly comparison below the +25% minimum guideline (C criteria). It went through a choppy consolidation since dropped from the Featured Stocks list on 5/09/19.
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SQ - NYSE - Finance-CrdtCard/PmtPr Square Inc	$75.87	+7.77 11.41%	$76.80	$87.25	-13.04%	20,130,605 113.24%	17,777,000
Most Recent Note for SQ - 5/7/2020 1:53:33 PM Rebounding toward its 52-week high with today's big volume-driven gain. Faces resistance due to overhead supply up to the $101 level. Fundamental concerns were raised as it reported a loss of 2 cents per share versus earnings of 11 cents per share with +44% sales revenues from the year ago period for the quarter ended March 31st. Prior quarterly earnings comparisons were above the +25% minimum guideline (C criteria). Went through a choppy consolidation since dropped from the Featured Stocks list on 4/25/18.
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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$93.00	+6.41 7.40%	$93.75	$101.35	-8.24%	5,394,421 89.77%	6,009,000
Most Recent Note for TMUS - 5/7/2020 1:57:48 PM Gapped up today rebounding toward its 52-week high. Consolidated above its 50 DMA line ($86) after a deep pullback from its all-time high. A federal ruling in early February approved its merger with Sprint. Reported earnings +25% on +0% sales revenues for the Mar '20 quarter. Sub par sales revenues growth rate has been a noted concern while quarterly comparisons had earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been strong.
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ZYXI - NASDAQ - Medical-Products Zynex Inc	$18.63	+0.76 4.25%	$19.19	$21.80	-14.55%	372,746 69.93%	533,000
Most Recent Note for ZYXI - 5/7/2020 1:58:37 PM Perched near its 52-week high after an impressive spurt of volume-driven gains. Found prompt support near its 200 DMA line in recent weeks and rallied impressively. Reported earnings +29% on +66% sales revenues for the Mar '20 quarter, but prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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