Mid-Day Breakouts Report - Tuesday, August 4th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 4TH, 2020
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DOW 26790.71 126.31 (0.47%) | NASDAQ 10903.21 0.41 (0.00%) | S&P 500 3301.79 7.18 (0.22%)

Time of Screening : 8/4/2020 12:19:07 PM Report Released : 8/4/2020 1:09:05 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 90% 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
AMD - NYSE Advanced Micro Devices	$84.15	+6.48 8.34%	$84.30	69,395,081 112.02% of 50 DAV 50 DAV is 61,948,000	$78.96 6.57%	7/22/2020	$61.73	PP = $59.10 MB = $62.06
Most Recent Note - 8/4/2020 12:20:29 PM G - Hitting yet another new all-time high with today's volume-driven gain. Reported earnings +125% on +26% sales revenues for the Jun '20 quarter versus the year ago period. Getting very extended from the previously noted base. Disciplined investors avoid chasing stocks more than +5% above prior highs. The prior highs in the $59 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 7/23/2020. Click here.
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CHGG - NYSE Chegg Inc	$82.21	-3.72 -4.33%	$87.88	5,552,246 159.91% of 50 DAV 50 DAV is 3,472,000	$87.97 -6.55%	6/17/2020	$63.71	PP = $68.08 MB = $71.48
Most Recent Note - 8/4/2020 12:27:16 PM G - Abruptly retreating from its all-time high with today's volume-driven loss breaking a streak of consecutive gains. Very extended from any sound base. Reported Jun '20 quarterly earnings +61% on +63% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Prior high in the $68 area defines support to watch coinciding with its 50 DMA line ($67.95) where any losses leading to violations would raise concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 7/13/2020. Click here.
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NBIX - NASDAQ Neurocrine Biosciences	$121.49	-1.53 -1.24%	$126.71	842,859 102.54% of 50 DAV 50 DAV is 822,000	$136.27 -10.85%	5/19/2020	$123.71	PP = $119.75 MB = $125.74
Most Recent Note - 8/4/2020 12:41:18 PM G - Reported Jun '20 quarterly earnings +100% on +65% sales revenues versus the year ago period. Traded up earlier, but reversed into the red. A rebound and close above the 50 DMA line ($124.34) is needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2020. Click here.
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TREX - NYSE Trex Company Inc	$133.11	-11.40 -7.89%	$143.04	989,325 106.61% of 50 DAV 50 DAV is 928,000	$144.96 -8.18%	6/26/2020	$109.05	PP = $132.94 MB = $139.59
Most Recent Note - 8/4/2020 1:05:17 PM G - Pulling back today on higher volume after hitting a new all-time high on the prior session with recent gains backed by below average volume. Reported Jun '20 quarterly earnings +27% on +7% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Important near-term support is at its 50 DMA line ($126.74). See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMRC - NYSE - ENERGY - Alternative Ameresco Inc Cl A	$30.54	+2.28 8.07%	$32.24	$32.48	-5.97%	403,792 107.11%	377,000
Most Recent Note for AMRC - 8/4/2020 12:22:04 PM Gapped up today challenging its 52-week high. Held its ground following an impressive spurt of volume-driven gains. Reported earnings +6% on +13% sales revenues for the Jun '20 quarter versus the year ago period. Prior earnings history is not a match with the fact-based investment system's guidelines.
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ATEN - NYSE - Computer Sftwr-Enterprse A10 Networks Inc	$8.12	-0.23 -2.70%	$8.38	$8.69	-6.62%	637,722 106.82%	597,000
Most Recent Note for ATEN - 8/4/2020 12:23:42 PM Perched near its 52-week high following recent volume-driven gains. 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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BMCH - NASDAQ - Bldg-Constr Prds/Misc BMC Stock Holdings Inc	$31.91	+3.54 12.48%	$32.71	$31.67	0.76%	556,157 141.52%	393,000
Most Recent Note for BMCH - 8/4/2020 12:24:59 PM Gapped up and hit a new 52-week high with today's 2nd consecutive volume-driven gain. Fundamental concerns remain due to sub par sales revenues growth. Up and down quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines. New CEO 10/01/18. Completed a Secondary Offering on 3/15/17.
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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$49.27	+7.79 18.78%	$51.45	$45.35	8.64%	1,621,438 127.37%	1,273,000
Most Recent Note for CRNC - 8/4/2020 12:29:32 PM Gapped up today and rallied to another new 52-week high with a considerable volume-driven gain. Found support at its 50 DMA line during its recent consolidation after an impressive spurt of gains marked by above average volume. Reported earnings -40% on -4% sales revenues for the Jun '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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EDUC - NASDAQ - WHOLESALE - Basic Materials Wholesale Educational Development	$14.93	+0.33 2.26%	$15.19	$14.65	1.91%	64,732 115.59%	56,000
Most Recent Note for EDUC - 8/4/2020 12:31:34 PM Hitting another new all-time high today. Rallied with impressive volume-driven gains in recent weeks and stubbornly held its ground. Went through a deep consolidation since share price was impacted by a 2-1 split as of 8/23/18. Reported earnings +35% on +39% sales revenues for the May '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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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$12.37	+0.23 1.89%	$12.69	$12.74	-2.90%	2,675,113 97.88%	2,733,000
Most Recent Note for EGO - 8/4/2020 12:32:11 PM Hovering near its 52-week high. Recent strength in the Mining - Gold/Silver/Gems group (L criteria) helped numerous issues in the industry to rally. Reported strong Jun '20 quarterly earnings results. The 4 latest quarterly comparisons show strong earnings and sales increases versus the year ago periods. Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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EXPI - NASDAQ - Real Estate Dvlpmt/Ops Exp Worldwide Holdings Inc	$23.14	+3.10 15.47%	$23.94	$21.22	9.05%	447,719 94.26%	475,000
Most Recent Note for EXPI - 8/4/2020 12:32:56 PM This REIT is powering to yet another new 52-week high with above average volume behind today's big gain. Prior mid-day reports cautioned - "Limited history and sub par fundamentals are a concern."
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GAU - AMEX - Mining-Gold/Silver/Gems Galiano Gold Inc	$1.92	+0.02 1.05%	$1.93	$1.99	-3.52%	1,610,486 117.64%	1,369,000
Most Recent Note for GAU - 8/4/2020 12:33:53 PM Perched at its 52-week high today while adding to an impressive spurt of volume-driven gains. Formerly known as Asanko Gold Inc (AKG), it stubbornly held its ground following prior volume-driven gains. Repeatedly noted in prior mid-day reports - "Fundamentals are sub par."
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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction Goldfield Corp	$4.10	+0.15 3.80%	$4.13	$4.16	-1.44%	84,738 99.69%	85,000
Most Recent Note for GV - 8/4/2020 12:35:59 PM Hitting a new 52-week high with today's volume-driven gain. 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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IPHI - NYSE - Elec-Semicondctor Fablss Inphi Corp	$133.87	-1.37 -1.01%	$142.00	$136.82	-2.16%	1,404,274 111.27%	1,262,000
Most Recent Note for IPHI - 8/4/2020 12:39:16 PM Reversed into the red after hitting another new all-time high today. Reported Jun '20 quarterly earnings +171% on +103% sales revenues versus the year ago period, and 3 of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a previously noted downturn in FY '18, a flaw in its annual earnings (A criteria) history.
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LVGO - NASDAQ - Medical-Products Livongo Health Inc	$143.10	+6.47 4.74%	$149.84	$136.86	4.56%	5,731,450 125.55%	4,565,000
Most Recent Note for LVGO - 8/4/2020 12:39:51 PM Hitting yet another new all-time high with today's gain, getting 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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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$55.09	+1.48 2.76%	$57.00	$54.04	1.94%	188,880 132.08%	143,000
Most Recent Note for NVMI - 8/4/2020 12:43:19 PM This Semiconductor Equipment firm headquartered in Israel is hitting yet another new all-time high with today's 5th consecutive volume-driven gain. Reported Jun '20 quarterly earnings +50% on +22% sales revenues versus the year ago period. Reported Mar '20 earnings +27% on +8% sales revenues versus the year ago period. Prior quarterly comparisons were negative, not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns also remain as its annual earnings history (A criteria) has been up and down.
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RGR - NYSE - CONSUMER DURABLES - Sporting Goods Sturm Ruger & Co Inc	$83.10	-1.51 -1.78%	$85.89	$86.24	-3.65%	387,970 102.37%	379,000
Most Recent Note for RGR - 8/4/2020 12:45:15 PM Perched at its 52-week high today following volume-driven gains, extended from any sound base. Reported Jun '20 quarterly earnings +200% on +35% sales revenues versus the year ago period. Fundamental concerns remain as prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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RNG - NYSE - Computer Sftwr-Enterprse RingCentral Inc Cl A	$292.84	-12.52 -4.10%	$302.00	$306.46	-4.44%	1,185,511 107.29%	1,105,000
Most Recent Note for RNG - 8/4/2020 12:46:20 PM Perched near its record high hit on the prior session. Reported earnings +14% on +29% sales revenues for the Jun '20 quarter. Prior quarterly earnings increases were also below the +25% minimum guideline although sales revenues growth remained strong. Annual earnings growth has been strong since turning a profitable FY '16 after shrinking losses in prior years.
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SCPL - NASDAQ - Computer Sftwr-Gaming Sciplay Corporation	$16.50	+1.01 6.52%	$16.60	$16.23	1.66%	576,309 90.76%	635,000
Most Recent Note for SCPL - 8/4/2020 12:50:11 PM Reported Jun '20 quarterly earnings +200% on +40% sales revenues versus the year ago period. Prior history is limited since it completed its $16 IPO on 5/03/19.
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SEDG - NASDAQ - Energy-Solar Solaredge Technologies	$206.48	+32.92 18.97%	$207.63	$181.81	13.57%	1,898,804 182.23%	1,042,000
Most Recent Note for SEDG - 8/4/2020 12:52:26 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Broke out of an advanced "3-weeks tight" base pattern. Reported earnings +3% on +2% sales revenues for the Jun '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong and steady (A criteria).
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SITE - NYSE - Retail/Whlsle-Bldg Prds SiteOne Landscape Supply	$120.89	-11.06 -8.38%	$122.88	$132.32	-8.64%	818,660 251.12%	326,000
Most Recent Note for SITE - 8/4/2020 12:53:57 PM Gapped down today, abruptly retreating from its all-time high with a big volume-driven loss. Fundamental concerns remain after it reported earnings +20% on +9% sales revenues for the Jun '20 quarter versus the year ago period. Went through a deep consolidation and rebounded impressively in recent months. Prior mid-day reports cautioned - "Fundamental concerns remain. Earnings increases have been below the +25% minimum guideline (C criteria) through the Sep '17 quarter."
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SLP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Simulations Plus Inc	$65.64	-6.45 -8.95%	$68.02	$73.58	-10.79%	301,980 98.36%	307,000
Most Recent Note for SLP - 8/4/2020 12:54:52 PM Gapped down today retreating from its all-time high following 4 consecutive gains. Very extended from any sound base. Made steady progress following a big "breakaway gap" on 5/28/20. Reported earnings +0% on +24% sales revenues for the May '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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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$31.77	-0.23 -0.72%	$34.82	$32.05	-0.87%	287,499 95.51%	301,000
Most Recent Note for SPNS - 8/4/2020 12:59:39 PM Reversed into the red after hitting a new 52-week high today. Reported Jun '20 quarterly earnings +37% on +17% sales revenues versus the year ago period, and 7 of the past 8 quarterly comparisons were above the +25% minimum guideline (C criteria). Recently wedged up with light volume gains as it rose from an orderly consolidation above its 50 DMA line ($27.70). 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.
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TECH - NASDAQ - Medical-Research Eqp/Svc Bio-Techne Corp	$265.03	-13.85 -4.96%	$284.51	$286.68	-7.55%	191,924 91.83%	209,000
Most Recent Note for TECH - 8/4/2020 1:00:51 PM Retreating from its all-time high and testing its 50 DMA line ($264.50) with today's volume-driven loss. Fundamental concerns remain. Reported earnings -20% on -8% sales revenues for the Jun '20 quarter. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based system.
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TREE - NASDAQ - Finance-Mrtg&Rel Svc Lendingtree Inc.	$334.65	-25.85 -7.17%	$368.66	$392.74	-14.79%	216,588 141.56%	153,000
Most Recent Note for TREE - 8/4/2020 1:03:58 PM Rebounded toward its all-time high after a deep consolidation. Reported Jun '20 earnings -61% on -34% sales revenues versus the year ago period. Fundamental concerns remain. Prior mid-day reports cautioned members - "Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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TTWO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Take-Two Interactv Sftwr	$175.16	+7.48 4.46%	$180.61	$169.19	3.53%	2,814,384 142.07%	1,981,000
Most Recent Note for TTWO - 8/4/2020 1:07:56 PM Spiking to new all-time highs with today's 5th consecutive volume-driven gain, very extended from any sound base. Reported very strong Jun '20 quarterly earnings +88% on +54% sales revenues versus the year ago period. Reported strong earnings increases in the Sep, Dec '19, and Mar '20 quarters versus the year ago periods. A downturn in FY '19 (A criteria) is a fundamental flaw.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$4.17	-0.06 -1.30%	$4.37	$4.26	-2.00%	1,775,175 111.23%	1,596,000
Most Recent Note for UMC - 8/4/2020 1:09:00 PM Reversed into the red after hitting yet another new 52-week high today. Extended from any sound base after an impressive spurt of considerable volume-driven gains. Prior mid-day reports noted as it broke out from a reverse-head-and-shoulders base with gains backed by ever-increasing volume. Report Jun '20 quarterly earnings +250% on +30% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Reported strong sales revenues and earnings increases in the Dec '19 and Mar '20 quarterly comparisons versus the year ago periods. Prior quarterly and annual earnings history has been erratic and not a good match with the fact-based investment system's fundamental guidelines."
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