Mid-Day Breakouts Report - Friday, August 28th, 2020

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MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 28TH, 2020
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DOW 28579.23 86.96 (0.31%) | NASDAQ 11691 65.66 (0.56%) | S&P 500 3493.46 8.91 (0.26%)

Time of Screening : 8/28/2020 11:51:48 AM Report Released : 8/28/2020 12:48:08 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AKAM - NASDAQ - INTERNET - Internet Software & Services Akamai Technologies Inc	$116.98	+2.92 2.56%	$117.84	$116.39	0.51%	975,303 58.02%	1,681,000
Most Recent Note for AKAM - 8/28/2020 11:57:42 AM Gapped up today for its 9th consecutive gain, hitting a new 52-week high. Found support near its 50 DMA line and prior highs during the recent consolidation. Reported earnings +29% on +13% sales revenues for the Jun '20 quarter versus the year ago period. The 3 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth remains a concern. It was dropped from the Featured Stocks list on 6/15/15.
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$20.79	+1.05 5.32%	$21.25	$22.49	-7.56%	39,654 99.14%	40,000
Most Recent Note for AVNW - 8/28/2020 12:00:17 PM Consolidating near its 50 DMA line ($19.83) which defines important support. Still perched within striking distance of its 52-week high. Reported Jun '20 quarterly earnings +60% on -2% sales revenues versus the year ago period. 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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BIG - NYSE - RETAIL - Discount, Variety Stores Big Lots Inc	$51.04	-4.67 -8.38%	$53.87	$57.24	-10.84%	3,349,141 196.89%	1,701,000
Most Recent Note for BIG - 8/28/2020 12:04:52 PM Reported better than expected results for the Jul '20 quarter versus the year ago period, but it gapped down today, retreating from its 52-week high with above average volume behind a considerable loss. It has made choppy progress since last noted since noted in the 6/29/20 mid-day report - "Reported earnings +37% on +11% sales revenues for the Apr '20 quarter. Prior quarters showed below +25% earnings increases (C criteria) versus the year ago periods and a sub par sales revenues growth rate leaving fundamental concerns. "
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BL - NASDAQ - Computer Sftwr-Enterprse Blackline Inc	$85.80	+0.97 1.14%	$87.77	$94.06	-8.78%	485,774 90.13%	539,000
Most Recent Note for BL - 8/28/2020 12:06:51 PM Still faces resistance due to overhead supply up to the $94 level. Rebounded above its 50 DMA line ($83) toward its all-time high with a big volume-driven gain on the prior session when noted in the mid-day report - "Reported Jun '20 quarterly earnings +100% on +20% sales revenues versus the year ago period. Quarterly earnings comparisons have been above the +25% minimum guideline (C criteria). After years of losses it produced profitable results in FY '17, '18, and '19. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead."
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$32.42	+2.18 7.21%	$32.45	$31.98	1.38%	3,606,349 182.97%	1,971,000
Most Recent Note for BLDR - 8/28/2020 12:07:41 PM Gapped up for a 2nd consecutive session today and hit a new all-time high after a brief consolidation. Found support near the prior high ($28.43 on 2/20/20). Noted with caution in prior mid-day reports - "Sales revenues and earnings growth 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	$42.25	+2.80 7.10%	$42.33	$40.09	5.39%	1,941,632 395.44%	491,000
Most Recent Note for BMCH - 8/28/2020 12:08:58 PM Gapped up and hit another new 52-week high with today's 2nd consecutive volume-driven gain. Held its ground after last noted with caution in the 8/04/20 mid-day report - "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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CEVA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Ceva Inc	$42.98	+1.49 3.59%	$43.50	$46.50	-7.57%	87,401 59.05%	148,000
Most Recent Note for CEVA - 8/28/2020 12:11:08 PM Perched near its 52-week high with volume totals cooling. Its all-time high was $51.80 in Dec '17. Reported earnings +140% on +28% sales revenues for the Jun '20 quarter versus the year-ago period. Earnings increases were above the +25% minimum (C criteria) in the past 3 quarterly comparisons versus the year ago periods. Downturn in FY '18 annual earnings (A criteria) history is a fundamental concern. It was dropped from the Featured Stocks list on 11/22/11.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$271.10	-5.22 -1.89%	$275.75	$278.28	-2.58%	9,376,534 131.21%	7,146,000
Most Recent Note for CRM - 8/28/2020 12:12:11 PM Powered into new all-time high territory with a big "breakaway gap" and considerable volume-driven gain on 8/26/20. 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 ($198) during its ongoing ascent. Prior mid-day reports 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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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$56.00	+0.44 0.79%	$56.68	$56.76	-1.34%	168,485 118.65%	142,000
Most Recent Note for DAVA - 8/28/2020 12:12:55 PM Perched at its high, it faces no resistance due to overhead supply. This UK-based Computer-Tech Services firm reported Mar '20 quarterly earnings +16% on +20% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Went through a deep pullback and rebounded impressively since dropped from the Featured Stocks list on 3/11/20.
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DDOG - NASDAQ - Computer Sftwr-Enterprse Datadog Inc	$84.34	+0.80 0.96%	$86.25	$98.99	-14.80%	2,278,023 50.66%	4,497,000
Most Recent Note for DDOG - 8/28/2020 12:14:39 PM Met resistance at its 50 DMA line ($87.30) when recently rebounding after a deep pullback. Versus losses in the year ago periods it reported earnings in the Dec '19, Mar and Jun '20 quarters with strong underlying sales revenues growth. Produced losses in annual earnings (A criteria) history through '19. Limited history is a concerns since completing its $27 IPO on 9/19/19.
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$81.85	+4.24 5.46%	$81.87	$80.09	2.20%	788,035 51.14%	1,541,000
Most Recent Note for FSLR - 8/28/2020 12:16:22 PM Held its ground and wedged higher since gapping up on 8/07/20 for a new 52-week high with a considerable volume-driven gain. Faces no resistance due to overhead supply. Reported Jun '20 quarterly earnings of 35 cents per share versus a loss of 18 cents per share on +10% sales revenues versus the year ago period. Earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). It survived but failed to impress since dropped from the Featured Stocks list on 6/4/2008.
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HLF - NYSE - DRUGS - Nutrition and Weight Management Herbalife Ltd	$49.20	-0.48 -0.97%	$50.31	$52.89	-6.98%	7,981,516 714.55%	1,117,000
Most Recent Note for HLF - 8/28/2020 12:18:55 PM Reported Jun '20 quarterly earnings +36% on +9% sales revenues versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum earnings guideline. Consolidating near its 50 DMA line ($48.34) which recently acted as support. Faces resistance due to overhead supply up to the $61 level. Went through a deep consolidation since dropped from the Featured Stocks list on 1/23/14.
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ICLK - NASDAQ - Internet-Content Iclick Interactive Asia	$9.75	-0.07 -0.71%	$9.95	$10.22	-4.60%	681,830 58.48%	1,166,000
Most Recent Note for ICLK - 8/28/2020 12:19:09 PM Perched at its 52-week high and extended from any sound base. 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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MBUU - NASDAQ - Leisure-Products Malibu Boats Inc Cl A	$58.25	+1.69 2.99%	$62.79	$63.88	-8.81%	255,497 122.84%	208,000
Most Recent Note for MBUU - 8/28/2020 12:21:14 PM Consolidating above its 50 DMA line ($55.73) after erasing much of today's early gain challenging its 52-week and all-time highs. Reported earnings -63% on -39% sales revenues for the Jun '20 quarter versus the year ago period. its 2nd negative comparison and 4th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong after a downturn in FY '15. Completed a new Public Offering on 8/09/17.
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MODN - NYSE - Computer Sftwr-Enterprse Model N Inc	$39.79	-0.39 -0.97%	$39.91	$44.56	-10.70%	261,946 70.61%	371,000
Most Recent Note for MODN - 8/28/2020 12:23:03 PM It has not formed a sound base of sufficient length and is testing its 50 DMA line ($37.70) with today's loss while still consolidating near its 52-week high. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Recent quarterly comparisons through Jun '20 have shown greatly improved earnings increases and sales revenues growth also improving. After years of losses it showed profitable results in FY '18 and '19.
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MRVL - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Marvell Technology Group	$36.85	+0.94 2.62%	$37.88	$39.40	-6.47%	7,544,701 100.82%	7,483,000
Most Recent Note for MRVL - 8/28/2020 12:27:47 PM Rebounding above its 50 DMA line ($35.44) with above average volume behind today's 6th consecutive gain, nearly challenging its 52-week and all-time highs. Reported Jul '20 quarterly earnings +31% on +11% sales revenues versus the year ago period. Prior quarterly comparisons had sub par sales revenues growth and earnings increases below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has been up and down.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.61	-0.24 -0.97%	$24.92	$25.24	-2.50%	468,848 51.58%	909,000
Most Recent Note for NOMD - 8/28/2020 12:28:40 PM In recent weeks it has stubbornly held its ground and wedged higher after rallying above the $22-23 area which previously acted as stubborn resistance. Reported Jun '20 quarterly earnings +23% on +10% sales revenues versus the year ago period. Prior earnings and sales revenues growth history was not strong and steady.
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OLLI - NASDAQ - Retail-Discount&Variety Ollies Bargain Outlet Holdings, Inc	$99.36	-7.63 -7.13%	$104.77	$112.58	-11.74%	1,550,195 126.03%	1,230,000
Most Recent Note for OLLI - 8/28/2020 12:31:19 PM Gapped down today, pulling back from its all time high and abruptly violating its 50 DMA line ($102.10) with a 2nd consecutive volume-driven loss. Its 50 DMA line recently acted as support. Fundamental concerns remain. Reported earnings +197% on +59% sales revenues for the Jul '20 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline. Went through choppy and deep consolidations after dropped from the Featured Stocks list on 12/07/18.
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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$61.67	+0.46 0.75%	$61.90	$65.20	-5.41%	1,062,068 53.48%	1,986,000
Most Recent Note for RIO - 8/28/2020 12:31:46 PM The UK-based Mining - Metal Ores firm has been hovering near its 52-week high, consolidating above its 50 DMA line. Reported Mar and Jun '20 quarters with earnings -3% on -7% sales revenues versus the year ago period. Annual earnings (A criteria) history has improved since a downturn in FY '15.
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SVM - NYSE - METALS & MINING - Silver Silvercorp Metals Inc	$8.24	+0.54 7.01%	$8.27	$8.49	-2.94%	1,136,915 50.94%	2,232,000
Most Recent Note for SVM - 8/28/2020 12:33:23 PM Challenging its 52-week high with today's considerable volume-driven gain. It is extended from any sound base. Fundamental concerns remain.
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TSLA - NASDAQ - Auto Manufacturers Tesla Motors Inc	$2,275.91	+37.16 1.66%	$2,318.49	$2,295.60	-0.86%	7,934,004 54.14%	14,654,000
Most Recent Note for TSLA - 8/28/2020 12:33:49 PM Hit yet another new all-time high today adding to an impressive spurt of gains. Recently rallied from a 5-week base, but fundamental concerns remain.
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VEEV - NYSE - Computer Sftwr-Medical Veeva Systems Inc Cl A	$279.02	+8.80 3.26%	$288.99	$274.33	1.71%	850,868 99.28%	857,000
Most Recent Note for VEEV - 8/28/2020 12:38:41 PM Gapped up hitting a new all-time high with today's 4th consecutive gain backed by ever-increasing volume. Reported earnings +31% on +33% sales revenues for the Jul '20 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). It made steady progress since last noted in the 5/29/20 mid-day report.
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VIRT - NASDAQ - Financial Svcs-Specialty Virtu Financial Inc	$24.51	-1.48 -5.69%	$25.78	$26.82	-8.61%	1,861,440 134.69%	1,382,000
Most Recent Note for VIRT - 8/28/2020 12:43:11 PM Gapped down today, slumping with above average volume after challenging its 52-week high but reversing on the prior session. Showed greatly improved sales revenues and earnings increases in the Mar and Jun '20 quarters versus the year ago periods. 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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WDAY - NYSE - Computer Sftwr-Enterprse Workday Inc Cl A	$241.41	+24.78 11.44%	$247.90	$219.29	10.09%	5,713,855 340.72%	1,677,000
Most Recent Note for WDAY - 8/28/2020 12:45:11 PM Hitting new all-time highs with today's big "breakaway gap" and 4th consecutive volume-driven gain. Reported Jul '20 quarterly earnings +91% on +20% sales revenues versus the year ago period. Earnings increases were below the +25% minimum guideline (C criteria) in the Jan and Apr '20 quarters versus the year ago periods.
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WSM - NYSE - RETAIL - Home Furnishing Stores Williams Sonoma Inc	$90.64	-0.49 -0.54%	$93.55	$101.73	-10.90%	622,405 54.50%	1,142,000
Most Recent Note for WSM - 8/28/2020 12:47:59 PM Retreating from its 52-week high with today's 3rd loss with above average volume in the span of 4 sessions. Its 50 DMA line ($88.18) defines important near-term support to watch. Reported Jul '20 quarterly earnings +107% on +9% sales revenues versus the year ago period. Prior quarterly earnings and sales revenues growth history is not a match with the fact-based investment system's fundamental guidelines.
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