Mid-Day Breakouts Report - Thursday, June 11th, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 11TH, 2020
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DOW 25827.15 -1162.84 (-4.31%) | NASDAQ 9745.94 -274.41 (-2.74%) | S&P 500 3074.64 -115.5 (-3.62%)

Time of Screening : 6/11/2020 12:08:10 PM Report Released : 6/11/2020 12:38:32 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
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	$92.81	-10.44 -10.11%	$98.58	640,928 64.35% of 50 DAV 50 DAV is 996,000	$104.90 -11.53%	5/8/2020	$84.86	PP = $90.20 MB = $94.71
Most Recent Note - 6/11/2020 12:09:59 PM Y - Color code is changed to yellow after abruptly retreating below its "max buy" level today amid widespread market weakness. 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.
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DOCU - NASDAQ Docusign Inc	$150.56	+2.51 1.70%	$154.00	2,534,323 63.56% of 50 DAV 50 DAV is 3,987,000	$152.00 -0.95%	6/10/2020	$149.73	PP = $152.10 MB = $159.71
Most Recent Note - 6/11/2020 12:14:03 PM Y - Showing strength today amid widespread market weakness. Highlighted in yellow with pivot point cited based on its 5/02/20 high plus 10 cents after forming an advanced "ascending base" marked by 3 pullbacks of 10-20% during its ongoing ascent. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Reported earnings +71% on +39% sales revenues for the Apr '20 quarter versus the year ago period. The past 3 quarterly comparisons versus the year ago period were well above the +25% minimum guideline (C criteria). After years of losses it had solid earnings in FY '19 and "20 with very strong with solid sales revenues growth. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 6/10/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$14.13	-1.02 -6.73%	$14.98	$16.20	-12.78%	58,906 168.30%	35,000
Most Recent Note for AVNW - 6/11/2020 12:10:39 PM Pulling back after recently challenging its 52-week high. 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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BIPC - NYSE - Finance-Investment Mgmt Brookfield Omfra Corp	$47.75	-1.67 -3.38%	$49.27	$51.80	-7.82%	140,705 60.91%	231,000
Most Recent Note for BIPC - 6/11/2020 12:11:21 PM Pulling back from its 52-week high with today's 3rd consecutive volume-driven loss. Fundamental concerns remain for this Canada-based Financial firm.
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CMCL - AMEX - Mining-Gold/Silver/Gems Caledonia Mining Corp	$17.44	-0.25 -1.41%	$17.55	$17.91	-2.62%	48,053 85.81%	56,000
Most Recent Note for CMCL - 6/11/2020 12:11:49 PM Perched near its 52-week high today following 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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CORT - NASDAQ - DRUGS - Biotechnology Corcept Therapeutics Inc	$15.35	-0.03 -0.20%	$15.78	$17.48	-12.19%	644,022 69.55%	926,000
Most Recent Note for CORT - 6/11/2020 12:12:55 PM Prior highs in the $17-19 area acted as stubborn resistance after a long and choppy consolidation. Quarterly comparisons through Mar '20 have been above the +25% minimum guideline (C criteria) versus the year ago period. Annual earnings history (A criteria) has been strong.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$48.95	-1.67 -3.29%	$49.95	$50.79	-3.63%	108,462 59.27%	183,000
Most Recent Note for DSGX - 6/11/2020 12:15:09 PM Pulling back today after wedging to new highs. Reported Apr '20 quarterly earnings +44% on +7% sales revenues versus the year ago period, its 2nd strong quarter. Fundamental concerns remain, as prior quarterly earnings (C criteria) were not a match with the fact-based investment system. Completed a new Public Offering on 6/05/19.
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FNV - NYSE - METALS & MINING - Gold Franco Nevada Corp	$133.41	-1.55 -1.15%	$137.89	$152.70	-12.63%	662,209 59.34%	1,116,000
Most Recent Note for FNV - 6/11/2020 12:20:23 PM Consolidating near its 50 DMA line ($132.69). It has not formed a sound base of sufficient length. Reported Mar '20 quarterly earnings +66% on +34% sales revenues, its 3rd 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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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$24.56	-0.52 -2.07%	$25.90	$28.50	-13.82%	15,302,906 75.67%	20,222,000
Most Recent Note for GOLD - 6/11/2020 12:21:40 PM Consolidating near its 50 DMA line ($24.93) after pulling back from its 52-week high. Reported Mar '20 earnings +45% on +30% sales revenues versus the year ago period. Prior mid-day reports noted - "The Jun, Sep, and Dec '19 quarterly comparisons showed greatly accelerating sales revenues and earnings growth above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is a flaw. It was dropped from the Featured Stocks list on 3/14/12."
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MGIC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Magic Software Enter Ltd	$10.92	-0.63 -5.45%	$11.46	$12.39	-11.86%	102,989 219.13%	47,000
Most Recent Note for MGIC - 6/11/2020 12:23:31 PM Abruptly retreating today after it powered above the prior high this week with a streak of gains. Prior mid-day reports cautioned members - "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	$23.80	+0.62 2.68%	$24.92	$24.72	-3.72%	68,678 122.64%	56,000
Most Recent Note for MHH - 6/11/2020 12:24:08 PM Made steady progress into new all-time high territory. Extended from any sound base. 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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NICE - NASDAQ - Computer Sftwr-Security Nice Ltd Adr	$187.32	-1.18 -0.63%	$190.45	$191.50	-2.18%	190,755 83.30%	229,000
Most Recent Note for NICE - 6/11/2020 12:25:03 PM This Israel-based Computer Software - Security firm is hovering near its all-time high. Reported Mar '20 quarterly earnings +14% on +9% sales revenues versus the year ago period. Reported earnings +7% on +5% sales revenues for the Dec '19 quarter. Fundamental concerns remain. Prior quarterly earnings history is not a good match with the C criteria.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$410.22	-13.60 -3.21%	$415.76	$427.33	-4.00%	952,759 115.91%	822,000
Most Recent Note for NTES - 6/11/2020 12:25:24 PM Perched near its all-time high today following a recently noted spurt of volume-driven gains. 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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PFSI - NYSE - Finance-Mrtg&Rel Svc Pennymac Fincl Svcs Cl A	$37.07	+1.64 4.61%	$37.95	$39.57	-6.33%	500,464 62.95%	795,000
Most Recent Note for PFSI - 6/11/2020 12:29:34 PM Reported earnings +543% on +191% sales revenues for the Mar '20 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Up and down annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$56.36	-2.21 -3.77%	$57.02	$58.91	-4.33%	1,504,030 61.49%	2,446,000
Most Recent Note for RIO - 6/11/2020 12:34:43 PM The UK-based Mining - Metal Ores firm's is pulling back after hitting a new 52-week high on the prior session. The Sep and Dec '19 quarters showed improving sales revenues and earnings increases above the +25% minimum guideline (C criteria) versus the year ago period. Annual earnings (A criteria) history has improved since a downturn in FY '15.
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SSRM - NASDAQ - Mining-Gold/Silver/Gems SSR Mining Inc	$19.40	-0.22 -1.12%	$20.19	$22.50	-13.78%	1,244,637 60.39%	2,061,000
Most Recent Note for SSRM - 6/11/2020 12:36:15 PM Retreating from its 52-week high and consolidating above its 50 DMA line ($17.57). Bullish action came after it reported Mar '20 quarterly earnings +121% on +30% sales revenues versus the year ago period. Quarterly comparisons have shown very strong sales revenues and earnings increases versus the year ago periods. Up and down annual earnings history (A criteria) leaves fundamental concerns.
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WSTG - NASDAQ - Wholesale-Electronics Wayside Tech Group Inc	$24.51	-0.05 -0.20%	$24.90	$25.50	-3.88%	32,478 129.91%	25,000
Most Recent Note for WSTG - 6/11/2020 12:37:03 PM Abruptly retreating from its 52-week high with today's big volume-driven loss. 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	$229.29	+8.27 3.74%	$232.00	$224.46	2.15%	9,066,369 63.78%	14,216,000
Most Recent Note for ZM - 6/11/2020 12:37:42 PM Perched at its all-time high today, very extended from any sound base. Reported earnings +567% on +169% sales revenues for the Apr '20 quarter versus the year ago period, substantially beating estimates. Prior quarterly comparisons also showed very strong sales revenues and great earnings increases well above the +25% minimum guideline (C criteria). Patient investors may wait for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. 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.
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ZYXI - NASDAQ - Medical-Products Zynex Inc	$23.70	+2.44 11.48%	$25.39	$24.75	-4.24%	2,161,705 262.02%	825,000
Most Recent Note for ZYXI - 6/11/2020 12:38:23 PM Gapped up today and hit a new 52-week high. Found support near its 200 DMA line in prior months while consolidating. 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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