Mid-Day Breakouts Report - Wednesday, September 2nd, 2020

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 2ND, 2020
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DOW 28852.75 207.09 (0.72%) | NASDAQ 11915.85 -23.81 (-0.20%) | S&P 500 3550.53 23.88 (0.68%)

Time of Screening : 9/2/2020 12:20:20 PM Report Released : 9/2/2020 12:54:48 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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	$255.79	-13.02 -4.84%	$290.23	15,828,200 332.66% of 50 DAV 50 DAV is 4,758,000	$271.44 -5.77%	6/10/2020	$149.73	PP = $152.10 MB = $159.71
Most Recent Note - 9/2/2020 12:32:38 PM G - There was a "negative reversal" today after hitting yet another new all-time high. A big "breakaway gap" and volume-driven gain on 9/01/20 followed 5 consecutive gains with below average volume. It did not form a sound base of sufficient length. Its 50 DMA line ($203.52) and prior low ($189.12 on 8/12/20) define important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2020. Click here.
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DT - NYSE Dynatrace Inc	$45.34	-1.75 -3.72%	$48.85	3,290,722 106.39% of 50 DAV 50 DAV is 3,093,000	$47.68 -4.91%	9/1/2020	$46.37	PP = $44.75 MB = $46.99
Most Recent Note - 9/2/2020 12:33:56 PM Y - Reversed into the red after earlier gains into new high territory. Finished strong after highlighted in yellow with pivot point cited based on its 7/10/20 high plus 10 cents in the 9/01/20 mid-day report. Hit a new 52-week high with a "breakaway gap" and volume was +67% above average behind the big 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. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$129.79	-4.39 -3.27%	$137.98	$134.80	-3.72%	126,943,279 77.52%	163,752,000
Most Recent Note for AAPL - 9/2/2020 12:22:29 PM Reversed into the red today after hitting yet another new all-time high. On 8/31/20 a 4:1 share split impacted share price. Reported earnings +18% on +11% sales for the Jun '20 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based system. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 5,507 in Jun '20. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd.
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AMRC - NYSE - ENERGY - Alternative Ameresco Inc Cl A	$29.97	-4.92 -14.10%	$34.95	$35.04	-14.47%	538,854 126.79%	425,000
Most Recent Note for AMRC - 9/2/2020 12:24:07 PM Pulling back from its 52-week high. The prior high and 50 DMA line define near-term support to watch following volume-driven gains Noted with caution in prior mid-day reports - "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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APPS - NASDAQ - Internet-Network Sltns Digital Turbine Inc	$25.24	-1.67 -6.21%	$27.19	$29.56	-14.61%	4,919,025 134.14%	3,667,000
Most Recent Note for APPS - 9/2/2020 12:24:56 PM Abruptly retreating from its all-time high with above average volume behind recent losses. After an impressive streak of volume-driven gains is is very extended from any sound base. Quarterly comparisons through Jun '20 showed strong earnings increases above the +25% minimum guideline (C criteria) with encouraging acceleration in its sales revenues growth rate in sequential comparisons. After years of shrinking losses it had profitable results for its FY '19 and '20.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$370.27	+10.73 2.98%	$373.01	$362.07	2.26%	1,628,882 96.27%	1,692,000
Most Recent Note for AVGO - 9/2/2020 12:25:20 PM Hitting another new all-time high with today's 4th 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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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$21.32	-0.68 -3.09%	$22.00	$22.49	-5.20%	33,766 86.58%	39,000
Most Recent Note for AVNW - 9/2/2020 12:26:16 PM Found prompt support near its 50 DMA line ($20.19) and tallied 3 consecutive volume-driven gains challenging 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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BMCH - NASDAQ - Bldg-Constr Prds/Misc BMC Stock Holdings Inc	$40.93	+0.50 1.24%	$40.98	$42.33	-3.31%	515,946 82.29%	627,000
Most Recent Note for BMCH - 9/2/2020 12:26:26 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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CLDR - NYSE - Computer Sftwr-Enterprse Cloudera Inc	$12.96	-0.91 -6.53%	$14.20	$13.97	-7.27%	7,238,480 147.39%	4,911,000
Most Recent Note for CLDR - 9/2/2020 12:28:15 PM Due to report Jul '20 quarterly earnings news after the close. Reversed into the red today after hitting a new 52-week high on the right side of an orderly 11-week base. Still faces some resistance due to overhead supply up to the $15 level. 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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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$20.80	+2.80 15.56%	$21.76	$19.27	7.94%	386,598 729.43%	53,000
Most Recent Note for CLFD - 9/2/2020 12:29:29 PM Hitting new multi-year highs with today's big volume-driven gain. Held its ground after a big gap up on 7/24/20 and several considerable volume-driven gains. Prior mid-day reports noted - "Reported earnings +120% on +19% sales revenues for the Jun '20 quarter. Prior quarterly earnings comparisons 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 system's fundamental guidelines."
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$271.00	-10.25 -3.64%	$284.50	$281.93	-3.88%	5,828,895 75.12%	7,759,000
Most Recent Note for CRM - 9/2/2020 12:30:33 PM Holding its ground and edging higher after hitting a new all-time high 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. It was just added as a new component of the Dow Jones Industrial Average. Found support above its 50 DMA line ($205) 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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EXPI - NASDAQ - Real Estate Dvlpmt/Ops Exp Worldwide Holdings Inc	$43.73	-1.74 -3.82%	$46.58	$46.00	-4.93%	769,302 80.22%	959,000
Most Recent Note for EXPI - 9/2/2020 12:35:23 PM This REIT has been holding its ground stubbornly and is hovering at its all-time high. Very extended from any sound base after an impressive streak of gains. Prior mid-day reports cautioned - "Limited history and sub par fundamentals are a concern."
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ICLK - NASDAQ - Internet-Content Iclick Interactive Asia	$8.99	-1.04 -10.38%	$9.89	$10.22	-12.05%	1,605,068 130.60%	1,229,000
Most Recent Note for ICLK - 9/2/2020 12:36:23 PM Abruptly retreating from its 52-week high with today's big loss after getting very 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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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$22.94	+0.77 3.47%	$23.01	$23.70	-3.21%	14,372 84.54%	17,000
Most Recent Note for JHX - 9/2/2020 12:36:39 PM Reported earnings +0% on -5% sales revenues for the Jun '20 quarter. The Ireland-based cement firm's prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain.
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LAZY - NASDAQ - Retail/Whlsle-Automobile Lazydays Holdings Inc	$14.05	+2.04 16.99%	$14.15	$16.26	-13.59%	306,144 143.06%	214,000
Most Recent Note for LAZY - 9/2/2020 12:37:47 PM Rebounding toward its all-time high with today's volume-driven gain after finding prompt support near its 50 DMA line ($11.66). Reported strong Jun '20 quarterly results. 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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NLS - NYSE - CONSUMER DURABLES - Sporting Goods Nautilus Inc	$15.19	+1.34 9.68%	$15.89	$15.91	-4.53%	2,426,975 162.34%	1,495,000
Most Recent Note for NLS - 9/2/2020 12:39:49 PM Challenging its 52-week high with today's 2nd consecutive volume-driven gain. Very extended from any sound base. Rebounded impressively from lows last year in the $1.20 area. Slumped from multi-year highs since noted with caution in the 10/06/16 mid-day report. Reported greatly improved sales and earnings for the Mar and Jun '20 quarters versus year ago periods, but fundamental concerns remain.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$568.97	+16.13 2.92%	$589.07	$559.75	1.65%	14,076,881 135.46%	10,392,000
Most Recent Note for NVDA - 9/2/2020 12:40:44 PM Powering to new all-time highs with volume-driven gains. Stubbornly holding its ground during its ongoing ascent, and it is very extended from any sound base. Action has been bullish since it completed the Mellanox Technologies (MLNX) acquisition on 4/27/20. Reported Jul '20 quarterly earnings +76% on +50% sales revenues versus the year ago period, marking its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) with strong underlying sales revenues increases. The 4 prior quarterly comparisons had lower sales revenues and lower earnings (negative comparisons) versus the year ago periods. Downturn in FY '20 annual earnings (A criteria) history is a flaw with regard to the fact-based investment system's guidelines.
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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$29.20	-0.25 -0.85%	$29.50	$31.75	-8.03%	15,016 125.13%	12,000
Most Recent Note for PDEX - 9/2/2020 12:41:15 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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TSLA - NASDAQ - Auto Manufacturers Tesla Motors Inc	$433.31	-41.74 -8.79%	$479.04	$502.49	-13.77%	58,537,810 76.78%	76,244,000
Most Recent Note for TSLA - 9/2/2020 12:42:30 PM Pulling back from its all-time high with today's 2nd consecutive loss after a 5:1 share split. Extended from any sound base after an impressive spurt of gains. Recently rallied from a 5-week base, but fundamental concerns remain.
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TTGT - NASDAQ - Comml Svcs-Advertising Techtarget Inc	$41.14	-0.79 -1.88%	$42.44	$41.99	-2.02%	213,881 75.84%	282,000
Most Recent Note for TTGT - 9/2/2020 12:43:15 PM Perched at its 52-week high. Rebounded and rallied impressively after a deep consolidation in recent months undercutting its 200 DMA line. Reported earnings +8% on +1% sales revenues for the Jun '20 quarter, its 2nd consecutive quarterly comparison with earnings below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '16.
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WMT - NYSE - RETAIL - Discount, Variety Stores Wal-Mart Stores	$146.36	-1.23 -0.83%	$151.33	$149.59	-2.16%	10,422,316 103.23%	10,096,000
Most Recent Note for WMT - 9/2/2020 12:47:02 PM Perched at its all-time high after tallying 3 big volume-driven gains in the prior 4 sessions. Reported earnings +23% on +6% sales revenues for the Jul '20 quarter versus the year ago period. The large retailer's sales revenues and earnings increases in quarterly comparisons do not meet the fact-based system's guidelines. Annual earnings growth has been slow and steady after a downturn in FY '17.
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ZEN - NYSE - Computer Sftwr-Enterprse Zendesk Inc	$104.46	+1.36 1.32%	$107.79	$103.97	0.47%	1,614,192 80.75%	1,999,000
Most Recent Note for ZEN - 9/2/2020 12:51:53 PM Hitting a new high with today's 4th consecutive gain backed by ever-increasing volume. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. It did not form a sound base but showed resilience after dropped from the Featured Stocks list on 8/12/20. Last week's rebound above the 50 DMA line ($91) helped its outlook to improve. Its Relative Strength Rating has improved to 85, above the 80+ minimum guideline for buy candidates. Fundamentals remain strong after it reported Jun '20 quarterly earnings +180% on +27% sales revenues versus the year-ago period.
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ZM - NASDAQ - Computer Sftwr-Enterprse Zoom Video Comm Cl A	$421.35	-36.34 -7.94%	$445.67	$478.00	-11.85%	12,859,642 168.43%	7,635,000
Most Recent Note for ZM - 9/2/2020 12:54:43 PM Very extended from any sound base and pulling back today after a considerable "breakaway gap" and volume-driven gain for a new all-time high on the prior session. 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) has been noted as a concern.
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