Mid-Day Breakouts Report - Tuesday, September 1st, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, SEPTEMBER 1ST, 2020
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DOW 28511.66 81.61 (0.29%) | NASDAQ 11878.37 102.91 (0.87%) | S&P 500 3510.02 9.71 (0.28%)

Time of Screening : 9/1/2020 12:03:15 PM Report Released : 9/1/2020 1:10:34 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
DOCU - NASDAQ Docusign Inc	$252.22	+29.22 13.10%	$268.34	11,106,718 249.31% of 50 DAV 50 DAV is 4,455,000	$229.83 9.74%	6/10/2020	$149.73	PP = $152.10 MB = $159.71
Most Recent Note - 9/1/2020 12:21:26 PM G - Hitting new all-time highs with today's big "breakaway gap" and volume-driven gain following 5 consecutive gains with below average volume. It did not form a sound base of sufficient length. Its 50 DMA line ($201) and prior low ($189.12 on 8/12/20) define important near-term support to watch. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2020. Click here.
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DT - NYSE Dynatrace Inc	$46.37	+2.14 4.84%	$47.68	2,242,418 73.98% of 50 DAV 50 DAV is 3,031,000	$44.65 3.85%	9/1/2020	$46.37	PP = $44.75 MB = $46.99
Most Recent Note - 9/1/2020 12:25:20 PM Y - Color code is changed to yellow with pivot point cited based on its 7/10/20 high plus 10 cents. Hitting a new 52-week high with today's "breakaway gap" and volume-driven gain triggering a technical buy signal. Completed yet another Secondary Offering on 6/03/20. Went through a deep consolidation and rebounded impressively since completing a Secondary Offering on 2/21/20. Reported earnings +333% on +27% sales revenues for the Jun '20 quarter versus the year ago period, its 4th consecutive strong quarterly comparison versus the year ago periods. Limited history has been noted as a concern since it completed its $16.00 IPO on 8/01/19 and a Secondary Offering on 12/06/19. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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NFLX - NASDAQ Netflix Inc	$547.45	+17.89 3.38%	$553.00	4,508,983 58.48% of 50 DAV 50 DAV is 7,710,000	$575.37 -4.85%	9/1/2020	$547.45	PP = $575.47 MB = $604.24
Most Recent Note - 9/1/2020 12:47:53 PM Y - Color code is changed to yellow with new pivot point cited based on its 7/13/20 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Found support near its 50 DMA line ($494) on consolidations during its ongoing ascent. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$361.98	+14.83 4.27%	$362.07	$350.58	3.25%	1,347,900 79.85%	1,688,000
Most Recent Note for AVGO - 9/1/2020 12:05:19 PM Hitting a new all-time high with today's 3rd consecutive gain backed by ever-increasing volume. Reported earnings -1% on +4% sales revenues for the May '20 quarter. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) with sub par sales revenues growth noted.
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BAND - NASDAQ - Computer Sftwr-Enterprse Bandwidth Inc Cl A	$169.81	+12.33 7.83%	$172.33	$160.41	5.86%	241,576 68.83%	351,000
Most Recent Note for BAND - 9/1/2020 12:06:57 PM Today's 3rd consecutive gain has it hitting a new all-time high. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$30.31	-0.31 -1.01%	$31.27	$32.47	-6.65%	1,392,198 63.63%	2,188,000
Most Recent Note for BLDR - 9/1/2020 12:08:03 PM Pulling back today for a 2nd consecutive loss after reaching a new all-time high following 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	$39.53	-0.39 -0.98%	$40.82	$42.33	-6.61%	881,417 150.41%	586,000
Most Recent Note for BMCH - 9/1/2020 12:09:16 PM Perched near its 52-week high after gapping up on 8/27/20 M&A news. Noted with caution in prior mid-day reports - "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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BRP - NASDAQ - Insurance-Brokers BRP Group inc	$27.45	-0.06 -0.22%	$27.60	$28.20	-2.66%	270,797 70.89%	382,000
Most Recent Note for BRP - 9/1/2020 12:10:54 PM Perched at its 52-week high with today's 9th gain in the span of 10 sessions. Completed a new Public Offering on 6/25/20. Prior mid-day reports repeatedly cautioned members - "Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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CLDR - NYSE - Computer Sftwr-Enterprse Cloudera Inc	$13.42	+0.21 1.59%	$13.57	$13.93	-3.66%	3,834,157 80.41%	4,768,000
Most Recent Note for CLDR - 9/1/2020 12:11:56 PM Perched within striking distance of its 52-week high, consolidating on the right side of an orderly 11-week base. Still faces some resistance due to overhead supply up to the $15 level. Due to report Jul '20 quarterly earnings news on 9/02/20. Prior mid-day reports cautioned members - "Limited history is a concern. This Computer Software firm has reported losses for each FY since its April 2017 IPO at $15. New CEO as of 1/13/20."
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CTLT - NYSE - DRUGS - Biotechnology Catalent, Inc	$92.03	-0.47 -0.51%	$95.70	$93.09	-1.14%	677,859 65.75%	1,031,000
Most Recent Note for CTLT - 9/1/2020 12:20:01 PM Reversed into the red today after hitting a new all-time high with a volume-driven gain. Its 50 DMA line ($83.16) defines near-term support above the prior high in the $80 area. Completed new Public Offerings on 2/05/20 and 6/12/20. Reported earnings +29% on +31% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been steadily improving after a downturn in FY '16. Completed new Public Offerings in Sep '17 and Jul '18, Completed Secondary Offerings in Jun and Sep '16, and Mar and Jun '15. Completed its $21 IPO on 7/31/14.
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FLWS - NASDAQ - INTERNET - Internet Software & Services One-800Flowers.com Cl A	$30.50	+0.57 1.90%	$30.73	$32.00	-4.69%	426,722 59.51%	717,000
Most Recent Note for FLWS - 9/1/2020 12:40:50 PM Perched near its 52-week high, extended from any sound base. Reported Jun '20 quarterly earnings of 23 cents per share versus a loss of 13 cents per share on +61% sales revenues versus the year ago period. Prior quarters showed sub par sales growth and erratic earnings. Earnings history is not a match with the fundamental guidelines (C criteria) of the fact-based investment system.
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ICLK - NASDAQ - Internet-Content Iclick Interactive Asia	$9.78	+0.21 2.19%	$10.09	$10.22	-4.31%	1,055,559 88.26%	1,196,000
Most Recent Note for ICLK - 9/1/2020 12:41:01 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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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$20.41	+0.03 0.15%	$20.47	$21.90	-6.80%	25,133 69.81%	36,000
Most Recent Note for MBIN - 9/1/2020 12:43:14 PM Faces resistance due to overhead supply. Reported earnings +157% on +61% sales revenues for the Jun '20 quarter versus the year ago period, its 3rd strong quarterly comparison. Annual earnings history (A criteria) has been good. Completed $16 IPO on 10/27/17.
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MRVL - NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir Marvell Technology Group	$39.35	+0.57 1.47%	$40.21	$39.40	-0.13%	5,034,160 65.78%	7,653,000
Most Recent Note for MRVL - 9/1/2020 12:44:31 PM Hitting new 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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NOK - NYSE - TELECOMMUNICATIONS - Communication Equipment Nokia Corp Ads	$4.76	-0.14 -2.86%	$4.85	$5.33	-10.69%	22,878,118 72.60%	31,512,000
Most Recent Note for NOK - 9/1/2020 12:48:29 PM Reported earnings +17% on -12% sales revenues for the Jun '20 quarter versus the year ago period. Earnings and sales revenues history has been below guidelines. Has a large supply of 5.6 billion shares outstanding, making it an unlikely sprinter.
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NOMD - NYSE - Food-Packaged Nomad Foods Ltd	$24.80	+0.14 0.57%	$24.82	$25.24	-1.74%	909,994 97.33%	935,000
Most Recent Note for NOMD - 9/1/2020 12:54:56 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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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$28.06	-0.80 -2.77%	$28.74	$31.75	-11.62%	14,951 135.92%	11,000
Most Recent Note for PDEX - 9/1/2020 12:56:30 PM Reported greatly improved sales revenues and earnings increases in the Mar and Jun '20 quarters versus year ago periods. Prior quarterly and annual earnings history (C and A criteria) fails to match the fundamental guidelines of the fact-based investment system.
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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$590.08	-29.85 -4.82%	$620.00	$664.64	-11.22%	435,579 58.31%	747,000
Most Recent Note for REGN - 9/1/2020 12:58:25 PM Sputtering below its 50 DMA line ($623) which has acted as resistance in recent weeks. Completed a Secondary Offering on 5/28/20. Reported earnings +19% on +24% sales revenues for the Jun '20 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). After a downturn in FY '15 earnings its annual earnings (A criteria) growth has been strong.
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RIO - NYSE - METALS & MINING - Steel & Iron Rio Tinto Plc Adr	$62.50	+1.27 2.07%	$62.50	$65.20	-4.15%	1,610,302 82.28%	1,957,000
Most Recent Note for RIO - 9/1/2020 12:58:44 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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RNG - NYSE - Computer Sftwr-Enterprse RingCentral Inc Cl A	$308.22	+17.45 6.00%	$317.84	$306.46	0.57%	626,102 58.19%	1,076,000
Most Recent Note for RNG - 9/1/2020 1:00:00 PM Hitting new 52-week and all-time highs with today's gap up and volume-driven gain. Prior mid-day reports noted -"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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SENEA - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Seneca Foods Corp Cl A	$47.33	-0.03 -0.06%	$47.62	$48.05	-1.50%	38,134 81.14%	47,000
Most Recent Note for SENEA - 9/1/2020 1:01:08 PM Perched at its 52-week high with today's volume-driven gain. Making steady progress with gains in recent weeks marked by above average volume. Rebounded impressively after a slump below its 50 and 200 DMA lines since noted in the 5/05/20 mid-day report - "Fundamental concerns remain. Its up and down annual earnings (the A criteria) history and erratic quarterly results leave fundamental concerns."
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TSLA - NASDAQ - Auto Manufacturers Tesla Motors Inc	$483.18	-15.14 -3.04%	$502.49	$498.32	-3.04%	53,887,550 71.78%	75,078,000
Most Recent Note for TSLA - 9/1/2020 1:02:17 PM Perched at its all-time high today after a 5:1 share split. With an impressive spurt of gains it 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	$289.61	+7.34 2.60%	$294.00	$288.99	0.21%	498,807 59.03%	845,000
Most Recent Note for VEEV - 9/1/2020 1:06:49 PM Very extended from any sound base, it gapped up hitting another new all-time high with today's 6th consecutive gain marked by volume. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. 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).
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VIRT - NASDAQ - Financial Svcs-Specialty Virtu Financial Inc	$27.08	+1.25 4.84%	$27.17	$26.82	0.97%	1,258,553 86.44%	1,456,000
Most Recent Note for VIRT - 9/1/2020 1:08:05 PM Tested support at its 50 DMA line ($24.67) and it is hitting a new 52-week high with today's 2nd consecutive gain. 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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ZM - NASDAQ - Computer Sftwr-Enterprse Zoom Video Comm Cl A	$434.91	+109.81 33.78%	$478.00	$325.90	33.45%	34,055,746 501.56%	6,790,000
Most Recent Note for ZM - 9/1/2020 1:10:26 PM Gapped up today hitting yet another new all-time high with a considerable volume-driven gain. Reported Jul '20 quarterly earnings +999% on +355% sales revenues 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). Completed its $36.00 IPO on 4/18/19. Limited annual history (A criteria) is a concern.
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