Mid-Day Breakouts Report - Thursday, September 17th, 2020

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 17TH, 2020
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DOW 28007.52 -24.86 (-0.09%) | NASDAQ 10922.69 -127.78 (-1.16%) | S&P 500 3363.45 -22.04 (-0.65%)

Time of Screening : 9/17/2020 11:56:30 AM Report Released : 9/17/2020 12:25:20 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
ADBE - NASDAQ Adobe Systems Inc	$469.67	-6.33 -1.33%	$473.79	1,936,243 65.11% of 50 DAV 50 DAV is 2,974,000	$536.88 -12.52%	9/10/2020	$488.46	PP = $536.88 MB = $563.72
Most Recent Note - 9/17/2020 12:00:38 PM Y - Undercut its prior low ($461.18 on 9/08/20) and its 50 DMA line ($464.18) with today's early weakness raising concerns following a "negative reversal" on the prior session with a big loss on heavy volume. Encountered distributional pressure and had a "negative reversal on 9/10/20. Since finding support at its 10 week-moving average (WMA), a valid secondary buy point exists up to 5% above the latest high. Subsequent losses violating its 50 DMA line and prior low may trigger technical sell signals. Disciplined investors always limit losses by selling any stock that falls more than 7-8% from their purchase price. Reported Aug '20 quarterly earnings +25% on +14% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. This well-known Computer Software - Desktop firm has produced 4 consecutive quarterly earnings increases above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady. >>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2020. Click here.
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CRL - NYSE Charles River Labs Intl	$218.77	-3.21 -1.45%	$221.17	282,628 86.70% of 50 DAV 50 DAV is 326,000	$228.86 -4.41%	7/15/2020	$192.66	PP = $189.95 MB = $199.45
Most Recent Note - 9/17/2020 12:07:29 PM G - Slumping for a 2nd consecutive loss after hitting a new all-time high, falling back below prior highs in the $221 area. Found prompt support at its 50 DMA line ($208.25) after volume-driven losses. More damaging losses would raise greater concerns and trigger a technical sell signal. Recently reported Jun '20 quarterly earnings -3% on +4% sales revenues, below the +25% minimum guideline (C criteria), but better than expected while the company also raised its guidance. >>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AEM - NYSE - METALS & MINING - Gold Agnico Eagle Mines Ltd	$85.12	-0.47 -0.55%	$85.30	$89.23	-4.61%	982,186 70.46%	1,394,000
Most Recent Note for AEM - 9/17/2020 12:02:00 PM Hovering near its 52-week high following a volume-driven gain on 9/14/20. Noted in prior mid-day reports - "Found support above its 50 DMA line ($76) and well above the prior high in the $69 area during its recent consolidation. This Canadian firm in the Mining - Gold/Silver/Gems group's 4 latest quarterly sales revenues and earning increases through Jun '20 have been strong. Its annual earnings (A criteria) history has been up and down."
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AMRK - NASDAQ - Financial Svcs-Specialty A-Mark Precious Metals	$33.29	+0.16 0.48%	$33.98	$34.93	-4.70%	63,520 158.80%	40,000
Most Recent Note for AMRK - 9/17/2020 12:03:21 PM Reported very strong Jun '20 quarterly sales revenues and earnings increases versus the year ago period. Hovering near its all-time high, consolidating following 6 consecutive gains marked by ever-increasing volume including a big"breakaway gap" on 9/11/20. Prior mid-day reports noted - "Fundamental concerns remain. Reported strong earnings increases for the Dec '19 and Mar '20 quarters but with waning sales revenues. Prior quarterly and annual earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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APPS - NASDAQ - Internet-Network Sltns Digital Turbine Inc	$32.38	+0.15 0.47%	$32.93	$32.37	0.03%	5,136,027 119.11%	4,312,000
Most Recent Note for APPS - 9/17/2020 12:04:35 PM Perched at its all-time high following gains with above average volume. 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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BMCH - NASDAQ - Bldg-Constr Prds/Misc BMC Stock Holdings Inc	$42.80	-0.26 -0.60%	$43.01	$43.44	-1.47%	481,124 60.52%	795,000
Most Recent Note for BMCH - 9/17/2020 12:05:16 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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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$54.17	-7.43 -12.07%	$59.80	$62.44	-13.25%	640,181 84.79%	755,000
Most Recent Note for CRNC - 9/17/2020 12:09:31 PM Retreating abruptly today with above average volume after hitting a new 52-week high on the prior session with its 3rd consecutive 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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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$57.11	-0.07 -0.12%	$57.76	$59.55	-4.10%	97,293 67.10%	145,000
Most Recent Note for DAVA - 9/17/2020 12:10:20 PM Hovering at a new all-time high with today's 4th consecutive volume-driven gain, it faces no resistance due to overhead supply. This UK-based Computer-Tech Services firm reported Jun '20 quarterly earnings +12% on +15% sales revenues versus the year ago period. Noted with caution in prior mid-day reports - "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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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$11.59	+0.25 2.20%	$11.63	$13.20	-12.20%	1,684,314 65.28%	2,580,000
Most Recent Note for EGO - 9/17/2020 12:11:10 PM Consolidating near its 50 DMA line. 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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GOLD - NYSE - METALS & MINING - Gold Barrick Gold Corporation	$29.11	-0.88 -2.93%	$29.53	$31.22	-6.76%	12,201,109 64.48%	18,923,000
Most Recent Note for GOLD - 9/17/2020 12:12:36 PM Pulling back near its 50 DMA line ($28.73) which has acted as support while consolidating near its 52-week high. Reported Jun '20 earnings +156% on +48% sales revenues versus the year ago period. Prior quarterly comparisons showed greatly accelerating sales revenues and earnings growth above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is a flaw. It was dropped from the Featured Stocks list on 3/14/12.
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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$18.37	-0.11 -0.60%	$18.66	$18.80	-2.29%	253,898 78.85%	322,000
Most Recent Note for GRBK - 9/17/2020 12:13:27 PM Perched at its 52-week high today following 4 consecutive volume-driven gains after an orderly consolidation above its 50 DMA line. Held its ground following recent volume-driven gains. Noted with caution in prior mid-day reports - "Went through a deep consolidation and impressive rebound in recent months. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria)."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$131.95	+2.49 1.92%	$134.80	$134.00	-1.53%	97,430 187.37%	52,000
Most Recent Note for GRVY - 9/17/2020 12:14:24 PM Hitting yet another new all-time high today. Held its ground following a recent spurt of volume-driven gains. Prior mid-day reports noted - "Reported Jun '20 quarterly earnings +16% on +9% sales revenues versus the year ago period. Prior quarterly comparisons showed waning sales revenues and lower earnings versus the year ago periods. Limited annual earnings (A criteria) history is a concern for this Korean Computer Software firm."
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$35.57	+0.46 1.31%	$35.87	$36.47	-2.47%	38,863 70.66%	55,000
Most Recent Note for IESC - 9/17/2020 12:15:20 PM Hitting new multi-year highs with a streak of gains backed by above average volume. Held its ground in a tight range near its high after noted in the 8/12/20 mid-day report - "Reported earnings +39% on +4% sales revenues for the Jun '20 quarter. Three of the past 4 quarterly earnings were above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) is a fundamental flaw."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$71.25	+1.21 1.72%	$71.39	$76.53	-6.91%	339,582 66.72%	509,000
Most Recent Note for LOGI - 9/17/2020 12:16:28 PM Met resistance at its 50 DMA line ($71.65) when rebounding after retreating from its all-time high. Fundamental concerns remain. Reported Jun '20 quarterly earnings +64% on +23% sales revenues versus the year ago period, and sequential comparisons show encouraging acceleration in its sales revenues growth rate. However, this Switzerland-based Computer - Hardware/Peripherals firm's prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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NVCR - NASDAQ - Medical-Products Novacure Limited	$108.42	+1.17 1.09%	$110.87	$109.95	-1.39%	586,061 70.95%	826,000
Most Recent Note for NVCR - 9/17/2020 12:17:27 PM Hitting new all-time high with today's 8th consecutive volume-driven gain. The 4 latest quarterly comparisons through Jun '20 showed earnings versus losses for the year ago periods with strong sales revenues growth. The UK-based Medical - Products firm has shown losses each year through FY '19, not strong and steady earnings growth over the past 3-5 year as required to meet the A criteria of the fact-based investment system.
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PPD - NASDAQ - Medical-Research Eqp/Svc PPD Inc	$33.15	+0.90 2.79%	$33.45	$34.99	-5.26%	6,001,623 842.92%	712,000
Most Recent Note for PPD - 9/17/2020 12:20:06 PM Consolidating above its 50 DMA line ($31.60) after pricing a Secondary Offering. Reported Jun '20 quarterly earnings -4% on +1% sales revenues versus the year-ago period. Quarterly sales revenues and earnings should be up +25% or more and ideally accelerating over prior quarters.
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RLGT - AMEX - Transportation-Logistics Radiant Logistics Inc	$5.59	+0.18 3.33%	$5.60	$5.94	-5.89%	104,189 57.56%	181,000
Most Recent Note for RLGT - 9/17/2020 12:22:38 PM Reported earnings +20% on +36% sales revenues for the Jun '20 quarter versus the year ago period, and prior quarterly comparisons did not have earnings increases above the +25% minimum guideline (C criteria). Went through a long consolidation since last noted with caution in the 5/21/19 mid-day report - "Fundamental concerns remain with respect to its up and down annual earnings (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied."
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SBSW - NYSE - Mining-Gold/Silver/Gems Sibanye Stillwater Adr	$12.21	-0.32 -2.59%	$12.49	$13.89	-12.10%	2,926,822 103.53%	2,827,000
Most Recent Note for SBSW - 9/17/2020 12:23:01 PM Encountering distributional pressure for the past week after recently reaching a new 52-week high. Prior mid-day reports noted - "Reported greatly improved sales revenues and earnings in the Mar and Jun '20 quarters versus the year ago periods. Fundamental concerns remain for this South Africa based gold mining firm."
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$4.39	+0.09 1.98%	$4.40	$4.69	-6.50%	6,115,279 285.23%	2,144,000
Most Recent Note for UMC - 9/17/2020 12:25:15 PM Found prompt support at its 50 DMA line ($3.67) while recently consolidating and it is perched within striking distance of its 52-week high. Prior mid-day reports repeatedly noted as it broke out from a reverse-head-and-shoulders base - "Reported Jun '20 quarterly earnings +250% on +30% sales revenues versus the year-ago period. 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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