Mid-Day Breakouts Report - Tuesday, June 2nd, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 2ND, 2020
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DOW 25595.28 120.26 (0.47%) | NASDAQ 9511.08 -40.97 (-0.43%) | S&P 500 3059.05 3.32 (0.11%)

Time of Screening : 6/2/2020 12:19:08 PM Report Released : 6/2/2020 1:04:15 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
AAXN - NASDAQ Axon Enterprise Inc	$94.92	+5.17 5.76%	$98.33	2,188,312 253.28% of 50 DAV 50 DAV is 864,000	$92.00 3.17%	5/8/2020	$84.86	PP = $90.20 MB = $94.71
Most Recent Note - 6/2/2020 12:23:13 PM Y - Posted a considerable gain backed by +531% above average volume on the prior session and traded above the pivot point. Gapped up today for a second consecutive big volume-driven gain and quickly traded above the "max buy" level. Found support at its 50 DMA line last week while volume totals cooled. 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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GDDY - NYSE Godaddy Inc	$79.62	+1.66 2.13%	$80.47	1,657,336 84.86% of 50 DAV 50 DAV is 1,953,000	$78.99 0.80%	6/2/2020	$79.62	PP = $82.40 MB = $86.52
Most Recent Note - 6/2/2020 12:41:59 PM Y - Color code is changed to yellow with pivot point cited based on its 5/01/19 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Rebounded impressively after a deep pullback. Approaching multi-year highs where it previously met stubborn resistance in the $82-84 area. The past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. 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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PING - NYSE Ping Identity Holdings Corp	$30.28	-0.23 -0.74%	$31.50	956,310 87.25% of 50 DAV 50 DAV is 1,096,000	$30.53 -0.84%	6/1/2020	$29.24	PP = $29.90 MB = $31.40
Most Recent Note - 6/2/2020 12:55:03 PM Y - Hitting new all-time highs with today's 3rd consecutive volume-driven gain. Finished strong on the prior session after highlighted in yellow with new pivot point cited based on its 2/20/20 high plus 10 cents in the earlier mid-day report (read here). The gain above the pivot point was backed by +126% above average volume triggering a technical buy signal. It posted a recent spurt of gains since completing a new Secondary Offering on 5/15/20. PING 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. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/1/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AUDC - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Audiocodes Ltd	$36.14	-1.96 -5.14%	$38.05	$39.16	-7.71%	431,187 70.23%	614,000
Most Recent Note for AUDC - 6/2/2020 12:25:01 PM Pulling back today after a gap up on the prior session 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. 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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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$14.05	-0.70 -4.75%	$15.17	$16.20	-13.27%	36,041 120.14%	30,000
Most Recent Note for AVNW - 6/2/2020 12:26:56 PM Pulling back after challenging its 52-week high with a streak of 6 consecutive volume-driven gains. Rebounded impressively after a deep pullback. 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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BIG - NYSE - RETAIL - Discount, Variety Stores Big Lots Inc	$37.65	-1.10 -2.84%	$38.47	$0.00	-13.27%	1,354,967 64.86%	2,089,000
Most Recent Note for BIG - 6/2/2020 9:42:21 AM 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. New note.
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BIPC - NYSE - Finance-Investment Mgmt Brookfield Omfra Corp	$43.63	+0.23 0.53%	$43.76	$47.81	-8.74%	261,594 126.99%	206,000
Most Recent Note for BIPC - 6/2/2020 9:46:15 AM Fundamental concerns remain for this Canada-based Financial firm. Newwww note.
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CGNX - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Cognex Corp	$55.05	-1.82 -3.19%	$56.46	$64.28	-14.37%	885,566 70.96%	1,248,000
Most Recent Note for CGNX - 6/2/2020 12:28:41 PM Gapped down on 5/29/20 and big volume-driven losses have it abruptly retreating from its 52-week high. Quarterly comparisons have not shown strong and steady growth above the +25% minimum (C criteria) earnings guideline of the fact-based investment system.
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CIEN - NYSE - Telecom-Fiber Optics Ciena Corporation	$56.01	+0.01 0.02%	$56.88	$56.76	-1.32%	1,408,047 67.50%	2,086,000
Most Recent Note for CIEN - 6/2/2020 12:30:07 PM Hitting new 52-week highs with recent volume-driven gains, getting more extended from any sound base. 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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CMCL - AMEX - Mining-Gold/Silver/Gems Caledonia Mining Corp	$17.00	+0.71 4.37%	$17.40	$16.64	2.18%	75,843 158.01%	48,000
Most Recent Note for CMCL - 6/2/2020 12:30:39 PM Hitting another new 52-week high today. Held its ground stubbornly after a recent streak of 5 consecutive volume-driven gains. Prior mid-day reports cautioned members - "Reported strong Mar '20 quarterly results, but prior quarterly comparisons were negative versus the year ago periods."
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DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$144.59	-2.63 -1.79%	$152.00	$150.58	-3.98%	3,898,378 104.18%	3,742,000
Most Recent Note for DOCU - 6/2/2020 12:32:30 PM Due to report earnings news on 6/04/20. Hit yet another new all-time high today following volume-driven gains, getting very extended from any sound base. Rallied impressively after finding support at its 200 DMA line. 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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ECL - NYSE - CONSUMER NON-DURABLES - Cleaning Products Ecolab Inc	$216.28	+7.23 3.46%	$220.39	$216.91	-0.29%	10,560,811 334.84%	3,154,000
Most Recent Note for ECL - 6/2/2020 12:33:37 PM Hitting new 52-week and all-time highs again today, adding to a recent spurt of volume-driven gains. 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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EDUC - NASDAQ - WHOLESALE - Basic Materials Wholesale Educational Development	$8.02	+0.07 0.88%	$8.02	$8.63	-7.07%	21,547 102.60%	21,000
Most Recent Note for EDUC - 6/2/2020 12:35:19 PM Tallying impressive volume-driven gains in recent weeks. Went through a deep consolidation since share price was impacted by a 2-1 split as of 8/23/18. Recently reported earnings -14% on -15% sales revenues for the Feb '20 quarter versus the year-ago period. Noted with caution in the 11/05/18 mid-day report - "This thinly traded Media - Books firm's sales revenues and earnings history has been erratic, not a great match with the fact-based investment system's fundamental guidelines."
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$29.82	-0.97 -3.15%	$30.03	$31.30	-4.73%	1,057,824 123.58%	856,000
Most Recent Note for GMAB - 6/2/2020 12:43:20 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 extended from any sound base, perched near its all-time high following a streak of gains after a deep "V" shaped consolidation. Limited history remains a concern and has not been a good match with the fundamental guidelines of the fact-based investment system.
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HTHT - NASDAQ - LEISURE - Lodging China Lodging Group Ads	$36.73	+1.56 4.44%	$36.88	$43.15	-14.88%	1,926,656 83.80%	2,299,000
Most Recent Note for HTHT - 6/2/2020 12:44:43 PM Still faces resistance due to overhead supply up to the $45 level. Reported earnings +11% on +7% sales revenues for the Dec '19 quarter. Prior quarters had earnings below the +25% minimum guideline (C criteria) with sub par sales revenues growth. Changed its name from China Lodging Group during a deep consolidation below its 200 DMA line after dropped from the Featured Stocks list on 7/31/18.
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IMOS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Chipmos Technologies Ltd	$22.29	+1.40 6.70%	$22.29	$24.83	-10.23%	20,832 130.20%	16,000
Most Recent Note for IMOS - 6/2/2020 12:47:30 PM Faces resistance due to overhead supply up to the $24.83 high hit back in November. gapped up today rebounding toward its 52-week high. This Taiwanese Electronics - Semiconductor Manufacturing firm reported earnings +256% on +27% sales revenues for the Mar '20 quarter versus the year ago period. The Dec '19 quarterly comparison showed earnings +7% on +15% sales revenues. Three of the past 4 comparisons had earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have improved after a downturn in FY '15 and '16.
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$57.71	-1.60 -2.70%	$57.91	$59.90	-3.66%	565,317 100.95%	560,000
Most Recent Note for LOGI - 6/2/2020 12:48:47 PM Hovering near its all-time high. Held its ground after an impressive spurt of volume-driven gains. Fundamental concerns remain. This Switzerland-based Computer - Hardware/Peripherals firm reported earnings +11% on +14% sales revenues for the Mar '20 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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MGIC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Magic Software Enter Ltd	$10.31	+0.28 2.79%	$10.40	$11.53	-10.58%	33,212 70.66%	47,000
Most Recent Note for MGIC - 6/2/2020 12:50:29 PM Little resistance remains due to overhead supply up to the $11.50 level. Reported earnings +36% on +19% sales revenues for the Mar '20 quarter. This Israel-based Computer - Tech Services firm's prior quarterly earnings history has been below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been lackluster.
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MHH - AMEX - Comml Svcs-Staffing Mastech Holdings Inc	$19.20	+0.66 3.56%	$19.25	$19.10	0.52%	51,481 122.57%	42,000
Most Recent Note for MHH - 6/2/2020 12:51:47 PM Rebounded impressively and it is inching into new all-time high territory. Did not form a sound base pattern yet found prompt support near is 200 DMA line following a deep pullback. This thinly traded Commercial Services - Staffing firm reported earnings +53% on +12% sales revenues for the Mar '20 quarter, its 2nd consecutive strong quarter. Fundamental concerns remain. Went through a deep consolidation after a 2:1 share split effective 8/27/18.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$407.92	+10.33 2.60%	$408.00	$402.07	1.45%	787,994 103.55%	761,000
Most Recent Note for NTES - 6/2/2020 12:52:46 PM Hitting a new all-time high with today's 3rd consecutive volume-driven gain. 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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RH - NYSE - RETAIL - Home Furnishing Stores Restoration Hardware Hld	$237.27	+24.70 11.62%	$238.96	$256.28	-7.42%	1,563,932 99.61%	1,570,000
Most Recent Note for RH - 6/2/2020 12:58:38 PM Gapped up today challenging its 52-week and all-time highs with a considerable volume-driven gain. Reported earnings +23% on -1% sales revenues for the Jan '20 quarter and fundamental concerns remain. Annual earnings history (A criteria) has improved greatly since a downturn in FY 17. It was dropped from the Featured Stocks list on 8/24/15.
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WSTG - NASDAQ - Wholesale-Electronics Wayside Tech Group Inc	$24.34	+1.69 7.46%	$24.45	$23.88	1.93%	21,361 92.87%	23,000
Most Recent Note for WSTG - 6/2/2020 1:00:20 PM Hitting another new 52-week high today. Following a recent spurt of volume-driven gains it stubbornly held 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	$203.19	-0.96 -0.47%	$212.69	$205.87	-1.30%	15,725,603 113.66%	13,836,000
Most Recent Note for ZM - 6/2/2020 1:02:16 PM Due to report earnings news after the close today. Volume and volatility often increase near earnings news. Extended from any sound base, it powered into new all-time high territory with a gap up and considerable volume-driven gain on the prior session. 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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ZTO - NYSE - Transportation-Logistics ZTO Express (Cayman) Inc	$33.32	+0.50 1.52%	$33.37	$35.64	-6.51%	2,023,633 74.67%	2,710,000
Most Recent Note for ZTO - 6/2/2020 1:03:55 PM Retreated from its all-time high and it is consolidating above its 50 DMA line which acted as support in prior months. Reported Mar '20 quarterly earnings -33% on -19% sales revenues versus the year ago. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). History is limited since its $19.50 IPO in October 2016.
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