Mid-Day Breakouts Report - Wednesday, August 26th, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 26TH, 2020
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DOW 28193.91 -54.53 (-0.19%) | NASDAQ 11585.45 118.98 (1.04%) | S&P 500 3457.38 13.76 (0.40%)

Time of Screening : 8/26/2020 11:50:01 AM Report Released : 8/26/2020 12:33:57 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
NFLX - NASDAQ Netflix Inc	$527.62	+37.04 7.55%	$528.08	6,225,564 84.37% of 50 DAV 50 DAV is 7,379,000	$575.37 -8.30%	5/14/2020	$441.95	PP = $449.62 MB = $472.10
Most Recent Note - 8/26/2020 12:23:41 PM G - Posting a solid volume-driven gain today with volume running at an above average pace. Found support near its 50 DMA line ($488) on consolidations during its ongoing ascent. It did not form a sound base and some resistance remains due to overhead supply up to the $575 level. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2020. Click here.
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NOW - NYSE Servicenow Inc	$482.05	+24.12 5.27%	$484.99	1,061,502 61.50% of 50 DAV 50 DAV is 1,726,000	$458.88 5.05%	8/20/2020	$453.34	PP = $454.79 MB = $477.53
Most Recent Note - 8/26/2020 12:26:12 PM G - Hitting a new all-time high while rallying above its "max buy" level with today's big gain and its color code is changed to green. Its 50 DMA line ($426) defines important near-term support to watch. Reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$516.26	+31.83 6.57%	$517.39	$484.65	6.52%	2,582,679 101.60%	2,542,000
Most Recent Note for ADBE - 8/26/2020 11:53:12 AM Powering to a new all-time high with today's 3rd consecutive gain with ever-increasing volume, getting extended from a recent flat base formed above its 50 DMA line ($446). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. This well-known Computer Software - Desktop firm reported May '20 quarterly earnings +34% on +14% sales revenues, its 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$20.02	-0.08 -0.40%	$20.27	$22.49	-10.98%	25,881 58.82%	44,000
Most Recent Note for AVNW - 8/26/2020 11:54:50 AM Consolidating above its 50 DMA line, perched within close striking distance of its 52-week high.Due to report Jun '20 quarterly results on 8/27/20. Prior 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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BBY - NYSE - RETAIL - Electronics Stores Best Buy Co Inc	$112.53	-0.12 -0.10%	$114.19	$119.48	-5.82%	1,550,412 57.61%	2,691,000
Most Recent Note for BBY - 8/26/2020 11:56:05 AM Retreated from its all-time high with a gap down on the prior session after reporting Jul '20 quarterly earnings +58% on +4% sales revenues versus the year ago period. Made steady progress and stubbornly held its ground since a "breakaway gap" when the 7/22/20 mid-day report noted - "Reported earnings -34% on -6% sales revenues for the Apr '20 quarter. Went through a deep consolidation since noted with caution in the 2/27/20 mid-day report - 'Reported earnings +7% on +3% sales revenues for the Jan '20 quarter. Prior earnings comparisons were also below the +25% minimum guideline (C criteria). Prior sales revenues growth history is below the guidelines of the fact-based investment system. Annual earning (A criteria) growth has not been strong and steady, but improved since a drastic downturn in FY '13-14.'"
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BTG - NYSE - Mining-Gold/Silver/Gems B2Gold Corp	$6.50	+0.27 4.33%	$6.53	$7.55	-13.91%	4,472,028 53.62%	8,340,000
Most Recent Note for BTG - 8/26/2020 11:57:08 AM Pulled back from its 52-week high and it is finding support at its 50 DMA line. The 8/18/20 mid-day report noted - "Reported Jun '20 earnings +120% on +65% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly earnings comparisons were below the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria)."
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CLX - NYSE - CONSUMER NON-DURABLES - Cleaning Products Clorox Co	$219.39	+0.22 0.10%	$219.74	$239.87	-8.54%	820,184 59.52%	1,378,000
Most Recent Note for CLX - 8/26/2020 11:57:52 AM Retreated from its all-time high and this week's volume-driven losses undercut its 50 DMA line ($225) which had acted as support during its ongoing ascent. Reported earnings +28% on +22% sales revenues for the Jun '20 quarter versus the year ago period, its 2nd strong comparison, but fundamental concerns remain. This well-known cleaning products firm is a defensive safe haven issue, not a match with the fact-based investment system's guidelines.
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COUP - NASDAQ - Computer Sftwr-Enterprse Coupa Software Inc	$328.74	+27.11 8.99%	$329.99	$319.55	2.88%	685,160 53.24%	1,287,000
Most Recent Note for COUP - 8/26/2020 12:01:25 PM It did not form a sound base yet no resistance remains due to overhead supply. Gapped up today hitting a new all-time high with a big gain after finding support at its 50 DMA line ($292.66). Quarterly comparisons through Apr '20 showed very strong sales revenues growth and great earnings increases. After years of losses it has posted solid FY '19 and '20 annual earnings (A criteria) results. Based on the company's guidance, the consensus estimate is currently for -27% lower FY '21 earnings per share.
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CP - NYSE - TRANSPORTATION - Railroads Canadian Pacific Railway	$295.60	-2.70 -0.91%	$298.01	$302.83	-2.39%	258,368 71.77%	360,000
Most Recent Note for CP - 8/26/2020 12:02:41 PM Hovering near its all-time high after a recently noted streak of 7 consecutive gains. Last noted with caution in the 8/12/20 mid-day report - "Reported earnings -5% on -9% sales revenues for the Jun '20 quarter and fundamental concerns remain."
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$270.80	+54.75 25.34%	$277.97	$218.35	24.02%	33,198,864 588.42%	5,642,000
Most Recent Note for CRM - 8/26/2020 12:05:42 PM Powering into new all-time high territory with today's "breakaway gap" and considerable volume-driven gain. Bullish action came after it reported Jul '20 quarterly earnings +118% on +29% sales revenues versus the year ago period. After August 31st it is due to become a component of the Dow Jones Industrial Average. Found support above its 50 DMA line ($196) during its ongoing ascent. The 8/25/20 mid-day report noted - "Reported earnings -25% on +30% sales revenues for the Apr '20 quarter versus the year ago period. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). After a downturn in FY '14 annual earnings (A criteria) it has shown strong growth. Large supply of 901 million shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 3,233 top-rated funds (I criteria)."
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CVET - NASDAQ - Medical-Supplies Covetrus Inc	$24.12	+0.17 0.69%	$25.21	$25.00	-3.52%	925,002 67.82%	1,364,000
Most Recent Note for CVET - 8/26/2020 12:06:03 PM 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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DKL - NYSE - Oil&Gas-Transprt/Pipelne Delek Logistics Prtnr Lp	$32.26	-0.13 -0.40%	$33.05	$34.91	-7.59%	58,949 57.23%	103,000
Most Recent Note for DKL - 8/26/2020 12:07:06 PM This Oil & Gas Limited Partnership rebounded impressively after a deep pullback and is holding its ground perched near multi-year highs since last noted in the 8/14/20 mid-day report - "Reported quarterly earnings +71% on -24% sales revenues for the Jun '20 quarter versus the year ago period. Lack of sales revenues growth is a sign of no great demand for new (N criteria) products or services. Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria)."
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$295.90	+15.08 5.37%	$299.32	$283.09	4.53%	23,687,351 91.81%	25,801,000
Most Recent Note for FB - 8/26/2020 12:08:43 PM Powering to new 52-week and all-time highs with today's 3rd consecutive gain backed by ever-increasing volume. Found prompt support near its 50 DMA line during recent consolidations. Reported earnings +98% on +11% sales revenues for the Jun '20 quarter versus the year-ago period, its 2nd consecutive quarter with 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 4,720 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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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$124.35	+1.05 0.85%	$124.46	$125.42	-0.85%	39,192 63.21%	62,000
Most Recent Note for FSV - 8/26/2020 12:10:06 PM Holding its ground stubbornly near its all-time high following a recent spurt of gains. Prior mid-day reports cautioned members - "Reported earnings -23% on +8% sales revenues for the Jun '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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GFF - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Griffon Corporation	$23.98	+1.25 5.50%	$24.09	$27.53	-12.90%	630,321 169.90%	371,000
Most Recent Note for GFF - 8/26/2020 12:11:45 PM Perched near its all-time high, it completed a new Public Offering on 8/17/20. Reported Jun '20 quarterly earnings +90% on +10% sales revenues versus the year ago period marking its 3rd consecutive earnings comparison above the +25% minimum guideline (C criteria). Annual earnings have improved steadily after a downturn in FY '16.
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GOOG - NASDAQ - INTERNET - Internet Information Providers Google Inc Cl C	$1,619.36	+11.14 0.69%	$1,621.97	$1,614.17	0.32%	908,260 52.90%	1,717,000
Most Recent Note for GOOG - 8/26/2020 12:12:48 PM Hitting a new all-time high with today's 3rd consecutive gain. The 7/31/20 mid-day report last noted - "Reported earnings -27% on -2% sales revenues for the Jun '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). This large-cap company is already heavily owned by 3,847 top-rated institutional investors (I criteria)."
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GV - AMEX - MATERIALS & CONSTRUCTION - Heavy Construction Goldfield Corp	$4.44	-0.07 -1.55%	$4.59	$4.54	-2.20%	49,314 57.34%	86,000
Most Recent Note for GV - 8/26/2020 12:13:52 PM Perched at its 52-week high after volume-driven gains. Noted in prior mid-day reports - "Reported Jun '20 quarterly earnings +233% on +8% sales revenues versus the year ago period. Erratic quarterly comparisons and 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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HAIN - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Hain Celestial Group	$32.83	+1.18 3.73%	$33.98	$34.53	-4.92%	558,114 89.73%	622,000
Most Recent Note for HAIN - 8/26/2020 12:14:44 PM Promptly rebounding above its 50 DMA line with today's gap up after a big volume-driven loss on the prior session. Weak action came after it reported earnings +68% on +1% sales revenues for the Jun '20 quarter versus the year ago period. The 3 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria), however, sub par sales revenues growth and its up and down annual earnings (A criteria) history leave fundamental concerns.
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ICLK - NASDAQ - Internet-Content Iclick Interactive Asia	$10.13	+0.26 2.58%	$10.22	$10.13	-0.05%	707,546 62.95%	1,124,000
Most Recent Note for ICLK - 8/26/2020 12:14:59 PM Perched at its 52-week high, this China-based Internet Advertising Services firm's fundamentals are not a match with the fact-based investment system's guidelines.
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INTU - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Intuit Inc	$342.44	+6.02 1.79%	$360.00	$337.37	1.50%	1,661,604 144.24%	1,152,000
Most Recent Note for INTU - 8/26/2020 12:17:28 PM Hitting a new all-time high with today's 7th consecutive gain backed by ever-increasing volume. Reported strong Jul '20 quarterly results. Earnings fell -19% on -8% sales revenues for the quarter ended April 30, 2020 versus the year ago period. Prior quarterly comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '15.
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ISSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Innovative Sltn & Supprt	$7.32	+0.33 4.72%	$7.64	$7.43	-1.48%	84,054 152.83%	55,000
Most Recent Note for ISSC - 8/26/2020 12:18:13 PM Hitting a new 52-week high today after holding its ground following an impressive streak of gains marked by above average volume. Recent quarterly comparisons through Jun '20 have shown greatly improved earnings and sales revenues increases, however quarterly sales revenues totals in the $4-6 million range are rather minuscule compared to most publicly traded companies. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Fundamental concerns remain. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/05.
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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$81.26	+2.29 2.90%	$81.28	$79.82	1.80%	9,425,074 70.78%	13,316,000
Most Recent Note for JD - 8/26/2020 12:18:31 PM Hitting yet another new all-time high with today's 8th consecutive gain. Bullish action has continued after completing a new Public Offering on 6/11/20. Found prompt support at its 50 DMA line. Reported Jun '20 quarterly earnings +52% on +30% sales revenues versus the year ago period. This Chinese retailer's prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). 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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LAD - NYSE - SPECIALTY RETAIL - Auto Dealerships Lithia Motors Inc Cl A	$257.21	-9.54 -3.57%	$262.20	$278.14	-7.53%	446,008 135.15%	330,000
Most Recent Note for LAD - 8/26/2020 12:20:25 PM Perched near its all-time high. Made gradual progress and stubbornly held its ground following 4 considerable volume-driven gains when last noted with caution in the 7/27/20 mid-day report - "Rebounded impressively following a deep consolidation. Reported earnings +26% on -14% sales revenues for the Jun '20 quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum (C criteria) guideline. This Medford, Oregon-based Retail/Wholesale - Automobile firm's annual earnings history (A criteria) has been strong and steady after a dramatic downturn in FY '07 and '08 earnings."
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$263.01	+2.02 0.77%	$264.29	$275.03	-4.37%	891,456 76.65%	1,163,000
Most Recent Note for PANW - 8/26/2020 12:28:20 PM Hovering near its all-time high, enduring distributional pressure this week. Reported Jul '20 earnings +1% on +18% sales revenues versus the year ago period. The 3 prior quarterly comparisons were lower that the year-ago periods and well below the +25% minimum earnings guideline (C criteria). Went through a deep and choppy consolidation and rebounded impressively since dropped from the Featured Stocks list on 5/13/19.
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RGR - NYSE - CONSUMER DURABLES - Sporting Goods Sturm Ruger & Co Inc	$75.80	+4.51 6.33%	$75.80	$85.11	-10.94%	215,554 61.24%	352,000
Most Recent Note for RGR - 8/26/2020 12:30:16 PM Rebounding above its 50 DMA line ($73.75) with today's gain. It has not formed a sound base of sufficient length. 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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SAIL - NYSE - Computer Sftwr-Security Sailpoint Tech Holdings	$39.86	+0.35 0.89%	$40.10	$39.51	0.89%	817,599 51.49%	1,588,000
Most Recent Note for SAIL - 8/26/2020 12:33:03 PM Hitting a new 52-week high with today's 7th consecutive gain. Held its ground after a "breakaway gap" on 8/07/20. Bullish action came after it reported Jun '20 quarterly earnings per share of 15 cents compared to a 1 cent loss on +47% sales revenues versus the year ago period. Prior mid-day reports noted - "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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TFII - NYSE - Transportation-Truck TFI International Inc	$45.70	+0.43 0.95%	$45.90	$46.09	-0.85%	88,323 50.18%	176,000
Most Recent Note for TFII - 8/26/2020 12:33:49 PM Perched at its 52-week high, stubbornly holding its ground. Limited trading history and sub par fundamentals are a concern for this Canada-based Transportation - Truck and logistics services firm.
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