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 MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 9TH, 2020
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DOW 27291.91 -280.53 (-1.02%) | NASDAQ 9934.79 10.05 (0.10%) | S&P 500 3204.92 -27.47 (-0.85%)
Time of Screening : 6/9/2020 12:10:01 PM         Report Released : 6/9/2020 1:01:15 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...

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
Max Buy
AAXN - NASDAQ
Axon Enterprise Inc
$103.96 +6.69
6.88%
$104.37 1,021,573
107.20% of 50 DAV
50 DAV is 953,000
$99.62
4.36%
5/8/2020 $84.86 PP = $90.20
MB = $94.71
Most Recent Note - 6/9/2020 12:17:34 PM
G - Hitting a new all-time high with another volume-driven gain today, rallying further above its "max buy" level. Prior highs in the $90-91 area acted as support following the powerful breakout last week..
>>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2020. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
AMD - NYSE
Advanced Micro Devices
$55.41 +2.44
4.61%
$55.59 41,492,332
61.03% of 50 DAV
50 DAV is 67,989,000
$59.27
-6.51%
6/9/2020 $55.41 PP = $56.98
MB = $59.83
Most Recent Note - 6/9/2020 12:28:30 PM
Y - Color code is changed to yellow with pivot point cited based on its 5/20/20 high after an orderly double-bottom base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a convincing technical buy signal. Today's gain has it approaching previously stubborn resistance in the $57-59 area. Gains into new high territory may mark the beginning of a substantial leg higher. The 3 latest quarterly comparisons through Mar '20 showed very strong earnings increases with greatly improved sales revenues growth in the Dec '19 and Mar '20 comparisons versus the year ago period.
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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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
AVNW - NASDAQ - Telecom-Infrastructure
Aviat Networks Inc
$14.95 +0.10
0.67%
$15.46 $16.20 -7.72% 36,510
107.38%
34,000
Most Recent Note for AVNW - 6/9/2020 12:30:14 PM
Consolidating after recently challenging its 52-week high with 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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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Cerence Inc
$43.28 +1.86
4.49%
$43.41 $41.69 3.81% 581,823
60.54%
961,000
Most Recent Note for CRNC - 6/9/2020 12:49:26 PM
Hitting another new 52-week high today while adding to an impressive spurt of gains marked by above average volume. Prior mid-day reports noted - "Reported earnings +39% on +23% sales revenues for the Mar '20 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fundamental guidelines of the fact-based investment system."
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FB - NASDAQ - INTERNET
Facebook Inc Cl A
$238.27 +6.87
2.97%
$239.49 $240.90 -1.09% 14,361,644
58.58%
24,518,000
Most Recent Note for FB - 6/9/2020 12:50:37 PM
Challenging its all-time high with today's gain. Reported earnings +101% on +18% sales revenues for the Mar '20 quarter, a marked improvement after 6 consecutive quarterly comparisons below the +25% minimum earnings guideline (C criteria). Downturn in FY '19 earnings versus the year ago broke its streak of strong annual earnings increases (A criteria). Not a good match with most winning models of the fact-based investment system. Large supply of shares outstanding (S criteria) and it is heavily owned by 4,515 top-rated mutual funds as of mar '20. Stocks with a small supply and just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal.
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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction
Goldfield Corp
$3.74 -0.09
-2.35%
$3.83 $4.16 -10.10% 65,041
97.08%
67,000
Most Recent Note for GV - 6/9/2020 12:51:08 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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JHG - NYSE - Finance-Investment Mgmt
Janus Henderson Group
$24.84 -1.07
-4.13%
$25.27 $27.50 -9.67% 1,039,513
65.88%
1,578,000
Most Recent Note for JHG - 6/9/2020 12:52:48 PM
UK-based advisory firm reported earnings +7% on +7% sales revenues for the Mar '20 quarter and its prior earnings increases were below the +25% minimum guideline (C criteria). Annual earnings history has been up and down.
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LSCC - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Lattice Semiconductor
$27.99 +0.09
0.32%
$28.58 $28.89 -3.12% 935,767
61.00%
1,534,000
Most Recent Note for LSCC - 6/9/2020 12:53:42 PM
Perched at its 52-week high today following a recent streak of 6 consecutive gains with ever increasing volume. Reported earnings +36% on -1% sales revenues for the Mar '20 quarter. Sub par sales revenues growth and its erratic annual earnings history (A criteria) leave fundamental concerns.
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LULU - NASDAQ - MANUFACTURING - Textile Manufacturing
Lululemon Athletica
$314.90 -0.41
-0.13%
$317.87 $324.70 -3.02% 1,326,929
65.33%
2,031,000
Most Recent Note for LULU - 6/9/2020 12:54:32 PM
It was dropped from the Featured Stocks list on 3/05/20, went through a deep slump, then rebounded impressively and is holding its ground stubbornly near its all-time high. Reported earnings +23% on +20% sales revenues for the Jan '20 quarter, breaking a streak of quarterly earnings increases above the +25% minimum guideline (C criteria).
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NLOK - NASDAQ - Computer Sftwr-Security
Nortonlifelock Inc
$20.97 -0.88
-4.01%
$21.32 $23.02 -8.91% 5,036,124
77.77%
6,476,000
Most Recent Note for NLOK - 6/9/2020 12:55:27 PM
Stalled after hitting a new 52-week high on 5/29/20 with a volume-driven gain. Prior mid-day reports repeatedly cautioned members - "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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PW - AMEX - REAL ESTATE - REIT - Diversified/Industrial
Power REIT
$27.42 -0.67
-2.39%
$28.41 $28.60 -4.13% 54,962
94.76%
58,000
Most Recent Note for PW - 6/9/2020 12:55:59 PM
Perched at its 52-week high. 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 versus the year ago period. Fundamental concerns remain as prior earnings increases in quarterly comparisons were below the +25% minimum guideline (C criteria).
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Sapiens Intl Corp
$28.80 +0.78
2.77%
$28.98 $29.36 -1.92% 111,686
68.10%
164,000
Most Recent Note for SPNS - 6/9/2020 12:58:18 PM
Challenging its 52-week high with today's 5th consecutive gain. On 6/08/20 it completed an offering of $60 million in Non-Convertible Debentures. It showed resilience after dropped from the Featured Stocks list on 5/28/20 based on technical and fundamental deterioration. Encountered distributional pressure, yet found prompt support above its 50 and 200 DMA lines. Recently reported Mar '20 quarterly earnings +18% on +18% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria), raising fundamental concerns.
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TTGT - NASDAQ - Comml Svcs-Advertising
Techtarget Inc
$29.35 +0.44
1.52%
$29.49 $30.00 -2.17% 137,820
61.80%
223,000
Most Recent Note for TTGT - 6/9/2020 1:01:09 PM
Rebounding near its 52-week high after a deep consolidation in recent months undercutting its 200 DMA line. Reported earnings +0% on +5% sales revenues for the Mar '20 quarter. The 2 prior quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '16.
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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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