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 MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 1ST, 2020
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DOW 25431.6 48.49 (0.19%) | NASDAQ 9528.8 38.93 (0.41%) | S&P 500 3049.99 5.68 (0.19%)
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Time of Screening :
6/1/2020 12:04:31 PM Report Released :
6/1/2020 12:49:04 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 57.5% 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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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 |
|
Max Buy |
AAXN
- NASDAQ
Axon Enterprise Inc
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$87.60
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+11.64
15.32%
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NA
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3,325,112
421.97% of 50 DAV
50 DAV is 788,000
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$90.10
-2.77%
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5/8/2020 |
$84.86
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PP = $90.20
MB = $94.71 |
Most Recent Note - 6/1/2020 12:07:45 PM
Y - Color code is changed to yellow while posting a considerable volume-driven gain after gapping today and hitting a new 52-week high. Found support at its 50 DMA line last week. Subsequent volume-driven gains above the pivot point may clinch a convincing technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2020. Click here.
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A N
S L
I M
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EBS
- NYSE
Emergent Biosolutions
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$92.62
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+9.13
10.94%
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NA
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560,085
108.54% of 50 DAV
50 DAV is 516,000
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$90.00
2.91%
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6/1/2020 |
$72.10
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PP = $90.10
MB = $94.61 |
Most Recent Note - 6/1/2020 12:23:56 PM
Y - Color code is changed to yellow after forming an advanced "3 weeks tight" base pattern. New pivot point cited is based on its 5/12/20 high plus 10 cents. A gain and strong close backed by at least +40% above average volume may clinch a convincing new (or add-on) technical buy signal. Prior low ($78.28 on 5/14/20) defines initial support above its 50 DMA line ($71). Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/26/2020. Click here.
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A N
S L
I M
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PING
- NYSE
Ping Identity Holdings Corp
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$29.24
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+0.93
3.29%
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NA
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1,068,051
100.95% of 50 DAV
50 DAV is 1,058,000
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$29.80
-1.88%
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6/1/2020 |
$29.24
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PP = $29.90
MB = $31.40 |
Most Recent Note - 6/1/2020 12:36:30 PM
Y - Color code is changed to yellow with new pivot point cited based on its 2/20/20 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Challenging its 52-week high with today's volume-driven gain adding to a recent spurt of gains since it completed a new Secondary Offering on 5/15/20. Reported strong earnings results well above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Mar '20 versus the year ago periods. Limited earnings history is a concern, however, leadership in the Computer Software - Security industry group (L criteria) is a reassuring sign. Completed its $15 IPO on 9/19/19.
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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A N
S L
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AUDC
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Audiocodes Ltd
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$38.32 |
+1.67
4.56%
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NA
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$37.45
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2.32% |
377,814
60.26%
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627,000
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Most Recent Note for AUDC - 6/1/2020 12:10:31 PM
Gapped up today hitting yet another new 52-week high, getting more extended from any sound base. Fundamentals remain strong after it reported earnings +39% on +12% sales revenues for the Mar '20 quarter. Faces no resistance due to overhead supply. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rebounded impressively after a deep pullback since dropped from the Featured Stocks list on 2/27/20.
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A N
S L
I M
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BIG
- NYSE - RETAIL - Discount, Variety Stores
Big Lots Inc
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$37.65 |
-1.10
-2.84%
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NA
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$42.33
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-11.06% |
1,354,967
64.86%
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2,089,000
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Most Recent Note for BIG - 6/1/2020 12:12:52 PM
Reported earnings +37% on +11% sales revenues for the Apr '20 quarter. Prior quarters showed below +25% earnings increases (C criteria) versus the year ago periods and a sub par sales revenues growth rate leaving fundamental concerns.
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BIPC
- NYSE - Finance-Investment Mgmt
Brookfield Omfra Corp
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$43.63 |
+0.23
0.53%
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NA
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$47.81
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-8.74% |
261,594
126.99%
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206,000
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Most Recent Note for BIPC - 6/1/2020 12:15:36 PM
Fundamental concerns remain for this Canada-based Financial firm.
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A N
S L
I M
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CMCL
- AMEX - Mining-Gold/Silver/Gems
Caledonia Mining Corp
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$16.13 |
+0.54
3.46%
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NA
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$16.14
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-0.06% |
27,511
59.81%
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46,000
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Most Recent Note for CMCL - 6/1/2020 12:17:06 PM
Hit a new 52-week high today. Held its ground stubbornly after a recent streak of 5 consecutive volume-driven gains. The 5/26/20 mid-day report cautioned members - "Reported strong Mar '20 quarterly results, but prior quarterly comparisons were negative versus the year ago periods."
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A N
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DOCU
- NASDAQ - Computer Sftwr-Enterprse
Docusign Inc
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$147.04 |
+7.30
5.23%
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NA
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$141.43
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3.97% |
2,639,521
70.97%
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3,719,000
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Most Recent Note for DOCU - 6/1/2020 12:18:05 PM
Hitting yet another new all-time high with today's volume-driven gain, getting very extended from any sound base. Rallied impressively after finding support at its 200 DMA line. Due to report earnings news on 6/04/20. 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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DT
- NYSE - Computer Sftwr-Enterprse
Dynatrace Inc
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$38.06 |
-0.42
-1.08%
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NA
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$39.10
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-2.67% |
1,397,410
63.23%
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2,210,000
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Most Recent Note for DT - 6/1/2020 12:19:05 PM
Rebounded impressively and it has been hovering near its 52-week high. Went through a deep consolidation since completing another Secondary Offering on 2/21/20. Reported earnings +267% on +30% sales revenues for the Mar '20 quarter versus the year ago period but fundamental concerns remain. Prior mid-day reports cautioned members - "Limited history is a concern since it completed its $16.00 IPO on 8/01/19 and a Secondary Offering on 12/06/19."
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ECL
- NYSE - CONSUMER NON-DURABLES - Cleaning Products
Ecolab Inc
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$212.22 |
-0.36
-0.17%
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NA
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$216.91
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-2.16% |
6,015,387
222.05%
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2,709,000
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Most Recent Note for ECL - 6/1/2020 12:25:30 PM
Perched at new 52-week and all-time highs today following 5 consecutive small volume-driven gain. Fundamental concerns remain as noted in prior mid-day reports - "Annual earnings growth has been slow and steady. Quarterly comparisons have shown sales revenues and earnings increases below the +25% guideline."
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GV
- AMEX - MATERIALS & CONSTRUCTION - Heavy Construction
Goldfield Corp
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$3.88 |
+0.03
0.78%
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NA
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$4.14
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-6.28% |
60,797
92.12%
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66,000
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Most Recent Note for GV - 6/1/2020 12:26:58 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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KEYS
- NYSE - Elec-Scientific/Msrng
Keysight Technologies Inc
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$105.73 |
-2.40
-2.22%
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NA
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$110.00
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-3.88% |
1,061,309
57.65%
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1,841,000
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Most Recent Note for KEYS - 6/1/2020 12:27:57 PM
Rebounded near its all-time high, and it faces very little resistance due to overhead supply up to the $110 level. Reported Apr '20 earnings -36% on -18% versus the year ago period. The 8 latest quarterly comparisons through Jan '20 showed strong earnings increases above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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NTES
- NASDAQ - INTERNET - Internet Information Providers
Netease Inc Adr
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$385.01 |
+2.11
0.55%
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NA
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$402.07
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-4.24% |
653,459
85.87%
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761,000
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Most Recent Note for NTES - 6/1/2020 12:29:59 PM
Hovering near its all-time high. Prior mid-day reports cautioned members - "Reported Mar '20 quarterly earnings +18% on +12% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings included a big downturn in FY '18, a flaw concerning the A criteria of the fact-based investment system. Went through a deep and choppy consolidation since dropped from the Featured Stocks list on 8/15/17."
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PW
- AMEX - REAL ESTATE - REIT - Diversified/Industrial
Power REIT
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$25.56 |
+2.19
9.37%
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NA
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$25.32
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0.95% |
57,236
105.99%
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54,000
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Most Recent Note for PW - 6/1/2020 12:37:15 PM
Hitting another new 52-week high today. Recently powered higher with big volume-driven gains. Rebounded impressively after a deep pullback in recent weeks. This REIT reported earnings +36% on +58% sales revenues for the Mar '20 quarter. Fundamental concerns remain as prior earnings increases in quarterly comparisons were below the +25% minimum guideline (C criteria).
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SLP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Simulations Plus Inc
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$53.47 |
+2.80
5.53%
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NA
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$52.73
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1.40% |
136,420
60.90%
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224,000
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Most Recent Note for SLP - 6/1/2020 12:38:19 PM
Hitting yet another new all-time high with today's 3rd consecutive volume-driven gain following a big "breakaway gap" on 5/28/20. Prior mid-day reports noted - "Reported earnings +0% on +22% sales revenues for the Feb '20 quarter versus the year-ago period and fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Quarterly sales revenues totals have been in the $6-10 million range, growing, but still rather minuscule for publicly traded companies. Has a new CEO effective 6/26/18."
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TW
- NASDAQ - Financial Svcs-Specialty
Tradeweb Markets Cl A
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$66.67 |
+0.71
1.08%
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NA
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$66.37
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0.45% |
625,246
59.95%
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1,043,000
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Most Recent Note for TW - 6/1/2020 12:39:28 PM
Very extended from any sound base. Completed a new Public Offering on 4/24/20 and made steady progress into new all-time high territory. Reported earnings +61% on +26% sales revenues for the Mar '20 quarter, its 2nd consecutive strong quarterly comparison versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Limited history remains a concern since its $27 IPO on 4/04/19 and an additional Public Offering on 10/17/19.
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WSTG
- NASDAQ - Wholesale-Electronics
Wayside Tech Group Inc
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$23.69 |
+0.23
0.98%
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NA
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$23.84
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-0.63% |
19,821
90.10%
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22,000
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Most Recent Note for WSTG - 6/1/2020 12:40:41 PM
Perched at its 52-week high today following 5 consecutive volume-driven gains after stubbornly holding its ground. Prior mid-day reports cautioned members - "Reported earnings +50% on +40% sales revenues for the Mar '20 quarter versus the year ago period. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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ZM
- NASDAQ - Computer Sftwr-Enterprse
Zoom Video Comm Cl A
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$203.01 |
+23.53
13.11%
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NA
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$181.50
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11.85% |
12,577,405
91.99%
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13,673,000
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Most Recent Note for ZM - 6/1/2020 12:48:52 PM
Due to report earnings news after the close on Tuesday 6/02/20. Volume and volatility often increase near earnings news. Powering into new all-time high territory with today's gap up and considerable volume-driven gain. It did not form a sound base pattern, yet found prompt support at its 50 DMA line on pullbacks during its ongoing ascent. Completed its $36.00 IPO on 4/18/19. Limited annual history (A criteria) is a concern. Reported earnings +275% on +78% sales revenues for the Jan '20 quarter. Prior quarterly comparisons also showed very strong sales revenues and great earnings increases versus the year ago periods.
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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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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