Mid-Day Breakouts Report - Wednesday, July 8th, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 8TH, 2020
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DOW 25902.69 12.51 (0.05%) | NASDAQ 10427.31 83.42 (0.81%) | S&P 500 3150.86 5.54 (0.18%)

Time of Screening : 7/8/2020 12:24:47 PM Report Released : 7/8/2020 1:08:05 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
EBS - NYSE Emergent Biosolutions	$94.00	+4.53 5.06%	$94.90	453,835 69.29% of 50 DAV 50 DAV is 655,000	$93.58 0.45%	7/7/2020	$89.47	PP = $93.68 MB = $98.36
Most Recent Note - 7/8/2020 12:35:50 PM Y - Hitting a new all-time high with today's 7th consecutive gain. Color code was changed to yellow with a new pivot point cited based on its 6/01/20 high plus 10 cents. Recent gains above the 50 DMA line helped its outlook improve. No resistance remains due to overhead supply. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2020. Click here.
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LGIH - NASDAQ L G I Homes Inc	$101.96	+4.29 4.39%	$103.05	290,540 71.21% of 50 DAV 50 DAV is 408,000	$99.73 2.24%	7/7/2020	$99.19	PP = $95.82 MB = $100.61
Most Recent Note - 7/8/2020 12:56:13 PM Y - Hitting another new 52-week high with today's 4th consecutive gain. Finished strong after highlighted in yellow in the prior mid-day report with a pivot point cited based on its 2/21/20 high plus 10 cents. Its gain and strong close above the pivot point was backed by +53% above average volume triggering a convincing technical buy signal. Went through a deep consolidation below its 200 DMA line and rebounded impressively in recent months. Reported earnings +129% on +58% sales revenues for the Mar '20 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/7/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
APD - NYSE - CHEMICALS - Chemicals - Major Diversified Air Products & Chemicals	$267.55	+2.42 0.91%	$276.86	$265.27	0.86%	1,163,287 110.79%	1,050,000
Most Recent Note for APD - 7/8/2020 12:26:34 PM Hitting new 52-week and all-time highs with today's 7th consecutive volume-driven gain. Fundamental concerns remain
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BABA - NYSE - INTERNET - Internet Software & Services Alibaba Group Holding Limited	$254.56	+18.05 7.63%	$254.74	$241.30	5.49%	19,862,600 100.04%	19,854,000
Most Recent Note for BABA - 7/8/2020 12:31:52 PM Hitting yet another new all-time high with today's gap up following a big "breakaway gap" on 7/06/20 when noted in the mid-day report - "Found support near its 200 DMA line in recent months. Reported earnings +2% on +16% sales revenues for the Mar '20 quarter, breaking a streak of 4 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Owned already by 4,100 top-rated funds. The fact-based investment system's guidelines suggest finding stocks when just beginning to attract institutional interest. Went through a deep consolidation since noted in the 6/25/18 mid-day report with caution. Completed its $88 IPO on 9/19/14."
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DOYU - NASDAQ - INTERNET - Content Doyou Intl Holdings Ltd Ads	$13.33	+0.60 4.71%	$13.44	$13.64	-2.27%	2,029,637 120.45%	1,685,000
Most Recent Note for DOYU - 7/8/2020 12:33:09 PM Perched at its 52-week high with today's 5th consecutive gain. Prior mid-day reports noted - "China-based Internet firm has a limited history and sub par fundamentals."
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DQ - NYSE - Energy-Solar Daqo New Energy Corp Ads	$90.95	+2.26 2.55%	$93.59	$98.01	-7.20%	185,012 68.78%	269,000
Most Recent Note for DQ - 7/8/2020 12:34:02 PM Perched near its 52-week and all-time highs today following an impressive spurt of big volume-driven gains in recent weeks. Rebounded impressively after a deep consolidation. On 4/12/18 a new Public Offering was completed. Reported very strong Mar '20 quarterly results but fundamental concerns remain. Noted in prior mid-day reports with caution - "China-based firm in the Energy - Solar industry has not shown strong and steady earnings growth meeting the fact-based investment systems fundamental guidelines (C and A criteria)."
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ECOM - NYSE - Computer Sftwr-Enterprse ChannelAdvisor Corp	$17.22	+1.02 6.30%	$17.24	$16.68	3.24%	534,364 109.50%	488,000
Most Recent Note for ECOM - 7/8/2020 12:39:06 PM Powering to yet another new 52-week high today while adding to a recently noted spurt of volume-driven gains. Showed bullish action since recently reporting Mar '20 quarterly earnings +326% on +1% sales revenues versus the year ago period. 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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EDUC - NASDAQ - WHOLESALE - Basic Materials Wholesale Educational Development	$9.51	-0.05 -0.52%	$9.62	$10.12	-6.03%	17,122 65.85%	26,000
Most Recent Note for EDUC - 7/8/2020 12:39:50 PM Rebounded with 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 prior mid-day reports - "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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GAU - AMEX - Mining-Gold/Silver/Gems Galiano Gold Inc	$1.56	+0.03 1.96%	$1.69	$1.60	-2.50%	1,593,795 225.75%	706,000
Most Recent Note for GAU - 7/8/2020 12:41:43 PM Powering to yet another new 52-week high with today's 8th consecutive volume-driven gain. Formerly known as Asanko Gold Inc (AKG), it has been stubbornly holding its ground following a spurt of volume-driven gains. Repeatedly noted in prior mid-day reports - "Fundamentals are sub par."
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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$12.97	+0.32 2.53%	$13.23	$13.08	-0.84%	196,165 94.31%	208,000
Most Recent Note for GRBK - 7/8/2020 12:43:32 PM Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Went through a deep consolidation and impressive rebound in recent months. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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GSX - NYSE - Consumer Svcs-Education GSX Techedu Inc Cl A Ads	$78.04	+8.93 12.92%	$79.71	$69.73	11.92%	7,155,900 108.55%	6,592,000
Most Recent Note for GSX - 7/8/2020 12:44:45 PM Spiking to a new 52-week high with a considerable volume-driven gain. Found support above its 200 DMA line during its consolidation in recent months. 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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HMI - NYSE - Apparel-Clothing Mfg Huami Corp Cl A Ads	$17.12	+1.80 11.75%	$17.67	$16.82	1.78%	917,878 221.18%	415,000
Most Recent Note for HMI - 7/8/2020 12:46:29 PM Hitting a new 52-week high with today's volume-driven gain adding to an impressive spurt. Little resistance remains due to overhead supply up to the $19 level. Prior mid-day reports cautioned members - "Reported earnings -73% on +29% sales revenues for the Mar '20 quarter. Results for the Sep and Dec '19 quarters versus the year ago periods had been very strong. This Chinese - Apparel (wearable devices) firm has a limited history since its $11 IPO on 2/08/18."
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$5.54	+0.49 9.70%	$5.54	$5.10	8.63%	7,753,073 115.39%	6,719,000
Most Recent Note for HMY - 7/8/2020 12:50:49 PM Hitting another new 52-week high with today's 7th consecutive volume-driven gain. 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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IEC - AMEX - Elec-Contract Mfg I E C Electronics Corp	$8.32	-0.51 -5.78%	$8.92	$9.70	-14.23%	50,269 81.08%	62,000
Most Recent Note for IEC - 7/8/2020 12:52:58 PM Pulling back below its 50 DMA line ($8.42) with today's 3rd consecutive loss after meeting stubborn resistance in the $9 area. Annual earnings (A criteria) history has been improving after a downturn in FY '17. Quarterly comparisons show strong earnings increases above the +25% minimum guideline (C criteria) versus the year ago periods, but sales revenues growth has been decelerating, +35%, +28%, +26%, and +18% in the Jun, Sep, Dec '19, and Mar '20 quarters, respectively.
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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$65.69	+4.02 6.52%	$65.71	$64.05	2.56%	11,146,021 69.54%	16,029,000
Most Recent Note for JD - 7/8/2020 12:54:40 PM Powering to another new all-time high today. Bullish action has continued after completing a new Public Offering on 6/11/20. Found prompt support at its 50 DMA line on 5/01/20. Reported Mar '20 quarterly earnings -15% on +15% sales revenues versus the year ago period. Prior mid-day reports cautioned members - "This Chinese retailer last reported earnings +14% on +22% sales revenues for the Dec '19 quarter, breaking a streak of much stronger increases in the 4 prior quarterly comparisons versus the year ago periods. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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LVGO - NASDAQ - Medical-Products Livongo Health Inc	$94.14	+0.38 0.41%	$97.47	$95.45	-1.37%	3,735,475 100.58%	3,714,000
Most Recent Note for LVGO - 7/8/2020 12:57:31 PM Powering to yet another new all-time high with today's 3rd consecutive volume-driven gain. Very extended from any sound base. Reported strong Dec '19 and Mar '20 quarterly results versus the year ago periods but fundamental concerns remain. Digital health firm's limited history remains a concern. Went through a choppy consolidation since completing its $28 IPO on 7/25/20.
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MED - NYSE - SPECIALTY RETAIL - Specialty Retail, Other Medifast Inc	$151.06	+2.15 1.44%	$151.30	$157.98	-4.38%	187,700 67.28%	279,000
Most Recent Note for MED - 7/8/2020 1:00:27 PM rebounding after a deep consolidation. Reported Mar '20 quarterly earnings +14% on +8% sales revenues growth versus the year ago period and the 2 prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has strong after a downturn in FY '14 and '15.
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OOMA - NYSE - Telecom-Consumer Prods Ooma Inc	$17.41	+1.36 8.47%	$17.43	$19.18	-9.23%	295,530 104.43%	283,000
Most Recent Note for OOMA - 7/8/2020 1:01:52 PM Rebounding toward its 52-week highs with an impressive volume-driven gain today after an abrupt pullback. Produced earnings in the Oct '19, Jan and Apr '20 quarterly comparisons versus losses in the year ago periods. Annual earnings (A criteria) history showed steady losses.
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RVP - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Retractable Technologies	$8.14	+1.90 30.45%	$9.69	$7.95	2.39%	3,697,068 374.20%	988,000
Most Recent Note for RVP - 7/8/2020 1:02:33 PM Powering to yet another new 52-week high with today's considerable gain. Held its ground stubbornly following a recent spurt of volume-driven gains. Prior mid-day reports cautioned members - "Prior 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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SQ - NYSE - Finance-CrdtCard/PmtPr Square Inc	$132.57	+6.97 5.55%	$133.24	$129.84	2.10%	14,927,487 107.62%	13,871,000
Most Recent Note for SQ - 7/8/2020 1:03:05 PM Hitting yet another new all-time high with today's 4th big volume-driven gain in the span of 5 sessions, getting very extended from any sound base. Fundamental concerns were raised as it reported a loss of 2 cents per share versus earnings of 11 cents per share with sales revenues +44% from the year ago 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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SSRM - NASDAQ - Mining-Gold/Silver/Gems SSR Mining Inc	$22.74	+1.08 4.99%	$23.03	$22.50	1.07%	1,387,814 67.34%	2,061,000
Most Recent Note for SSRM - 7/8/2020 1:05:11 PM Hitting a new 52-week high today. Found support near its 50 DMA line ($19.33) during its recvnt consolidation. 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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TIGR - NASDAQ - Finance-Invest Bnk/Bkrs Up Fintech Holdings Cl A Ads	$6.61	+1.12 20.40%	$6.97	$5.65	16.99%	6,000,649 896.96%	669,000
Most Recent Note for TIGR - 7/8/2020 1:07:04 PM Gapped up today hitting a new 52-week high, but overhead supply remains up to the $23 level. Fundamental concerns remain for this China-based online brokerage firm. Completed its $8 IPO on 3/20/19.
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TME - NYSE - INTERNET - Content Tencent Music Entertainment Group ADS	$17.12	+0.70 4.26%	$17.19	$16.74	2.27%	12,084,288 97.78%	12,359,000
Most Recent Note for TME - 7/8/2020 1:07:57 PM Hitting a new 52-week high today while adding to an impressive spurt of volume-driven gains, however, it still faces some resistance due to overhead supply up to the $19 level. Fundamental concerns remain. Limited history since its $13 IPO on 12/12/18.
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