Mid-Day Breakouts Report - Tuesday, October 6th, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 6TH, 2020
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DOW 28145.23 -3.41 (-0.01%) | NASDAQ 11251.07 -81.42 (-0.72%) | S&P 500 3399.69 -8.94 (-0.26%)

Time of Screening : 10/6/2020 12:08:02 PM Report Released : 10/6/2020 12:43:28 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
VEEV - NYSE Veeva Systems Inc Cl A	$287.71	+9.26 3.33%	$289.80	474,153 60.95% of 50 DAV 50 DAV is 778,000	$298.76 -3.70%	10/6/2020	$287.71	PP = $298.86 MB = $313.80
Most Recent Note - 10/6/2020 12:43:21 PM Y - Color code is changed to yellow with new pivot point cited based on its 9/02/20 high plus 10 cents. Found support at its its 50 DMA line ($269.66) while forming a 5-week flat base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Any losses below the 50 DMA line and recent lows would raise concerns and trigger technical sell signals. 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). >>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2019. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABG - NYSE - SPECIALTY RETAIL - Auto Dealerships Asbury Automotive Group	$114.92	+5.04 4.58%	$121.16	$123.45	-6.91%	126,131 62.13%	203,000
Most Recent Note for ABG - 10/6/2020 12:09:31 PM Gapped up today challenging its all-time high with a 5th consecutive gain. Reported +6% earnings on -20% sales revenues for the Jun '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong after a big downturn in FY '08 and '09.
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BABA - NYSE - INTERNET - Internet Software & Services Alibaba Group Holding Limited	$294.17	+5.90 2.05%	$295.90	$299.00	-1.62%	7,945,762 61.09%	13,007,000
Most Recent Note for BABA - 10/6/2020 12:10:25 PM Challenging its all-time high with recent volume-driven gains. Prior mid-day reports repeatedly cautioned members - "Consolidated in an orderly fashion building a base-on-base pattern during which it found support at its 50 DMA line. Reported earnings +15% on +30% sales revenues for the Jun '20 quarter, a 2nd consecutive quarterly comparison below the +25% minimum guideline (C criteria). Owned already by 4,111 top-rated funds. The fact-based investment system's guidelines suggest finding stocks when just beginning to attract institutional interest. Completed its $68 IPO on 9/19/14."
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CLFD - NASDAQ - TELECOMMUNICATIONS - Cables / Satalite Equipment Clearfield Inc	$22.67	+0.33 1.48%	$23.43	$23.47	-3.41%	53,327 57.96%	92,000
Most Recent Note for CLFD - 10/6/2020 12:11:09 PM Challenging its 52-week high with today's 2nd consecutive volume-driven gain. Held its ground and found prompt support at its 50 DMA line ($19.55) during the recent consolidation. 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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DQ - NYSE - Energy-Solar Daqo New Energy Corp Ads	$164.53	-3.47 -2.07%	$168.24	$168.77	-2.51%	261,504 79.00%	331,000
Most Recent Note for DQ - 10/6/2020 12:11:55 PM Hit yet another new all-time high with a big volume-driven gain on the prior session. Powering higher impressively since retesting support at its 50 DMA line ($120). On 4/12/18 a new Public Offering was completed. Reported very strong Mar and Jun '20 quarterly results versus the year ago periods, but it was repeatedly noted in prior mid-day reports with caution - "China-based firm in the Energy - Solar industry has not shown strong and steady earnings growth meeting the fact-based investment systems fundamental guidelines (C and A criteria)."
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EPAM - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Epam Systems Inc	$337.49	+3.71 1.11%	$340.98	$338.91	-0.42%	262,667 84.73%	310,000
Most Recent Note for EPAM - 10/6/2020 12:14:44 PM Hitting a new 52-week and all-time high today. Reported earnings +14% on +15% sales revenues for the Jun '20 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria), so fundamental concerns remain.
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ESCA - NASDAQ - CONSUMER DURABLES - Sporting Goods Escalade Inc	$20.10	+0.17 0.85%	$20.50	$21.10	-4.74%	37,036 71.22%	52,000
Most Recent Note for ESCA - 10/6/2020 12:16:02 PM Perched near multi-year highs today After recently rallying from an orderly 6-week flat base it pulled back and retested support at its 50 DMA line ($18). Reported earnings +369% on +50% sales revenues for the Jun '20 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history leaves fundamental concerns.
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EXPI - NASDAQ - Real Estate Dvlpmt/Ops Exp Worldwide Holdings Inc	$51.87	+1.19 2.35%	$52.64	$52.49	-1.18%	658,653 58.34%	1,129,000
Most Recent Note for EXPI - 10/6/2020 12:17:07 PM This REIT powered to yet another new all-time high on the prior session with heavy volume after a 5-week base during which volume totals cooled. Prior mid-day reports cautioned - "Limited history and sub par fundamentals are a concern."
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GNRC - NYSE - Electrical-Power/Equipmt Generac Hldgs Inc	$208.69	+0.83 0.40%	$213.23	$208.26	0.21%	560,337 76.65%	731,000
Most Recent Note for GNRC - 10/6/2020 12:18:20 PM Hitting new all-time highs today after a streak of 4 consecutive gains. Rallied from support at its 50 DMA line since noted in the 6/12/20 mid-day report. Reported earnings +17% on +1% sales revenues for the Jun '20 quarter and prior quarters were below the +25% minimum guideline. (C criteria). Annual earnings (A criteria) history included a downturn in FY '14 -'15, not strong and steady.
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GPI - NYSE - SPECIALTY RETAIL - Auto Dealerships Group I Automotive Inc	$116.63	+14.63 14.34%	$120.00	$110.11	5.92%	404,534 187.28%	216,000
Most Recent Note for GPI - 10/6/2020 12:20:00 PM Gapped up today hitting a new all-time high. Reported earnings +33% on -29% 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). Its annual earnings (A criteria) history has been good.
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HELE - NASDAQ - CONSUMER DURABLES - Appliances Helen Of Troy Ltd	$205.77	-1.42 -0.69%	$209.88	$213.30	-3.53%	91,155 63.30%	144,000
Most Recent Note for HELE - 10/6/2020 12:21:37 PM Slumped from its all-time high recently then rebounded back above its 50 DMA line with volume-driven gains. Last noted with caution in the 9/18/20 mid-day report - "Reported earnings +23% on +12% sales revenues for the May '20 quarter. Prior quarterly sales revenues and earnings growth has not been strong and steady above the +25% minimum guideline (C criteria)."
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$37.00	+2.37 6.84%	$37.44	$36.47	1.45%	62,316 85.36%	73,000
Most Recent Note for IESC - 10/6/2020 12:25:12 PM Hitting another new multi-year high with today's 8th consecutive gain. Found support near prior highs after an abrupt pullback since last noted with caution in the 9/18/20 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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JHG - NYSE - Finance-Investment Mgmt Janus Henderson Group	$24.81	-0.60 -2.34%	$25.22	$27.50	-9.80%	903,318 63.17%	1,430,000
Most Recent Note for JHG - 10/6/2020 12:25:48 PM UK-based advisory firm reported earnings +10% on -3% sales revenues for the Jun '20 quarter and its prior earnings increases were below the +25% minimum guideline (C criteria). Annual earnings history has been up and down.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$24.50	-0.18 -0.73%	$24.60	$24.84	-1.37%	9,142 60.95%	15,000
Most Recent Note for JHX - 10/6/2020 12:27:33 PM Found support at its 50 DMA line ($22.47) the rallied into new high territory since last noted with caution in the 9/23/20 mid-day report - "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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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$75.81	-4.96 -6.15%	$77.43	$80.87	-6.26%	863,387 162.60%	531,000
Most Recent Note for LOGI - 10/6/2020 12:29:09 PM Gapped down today for a big loss on higher volume after wedging into new high territory with recent gains lacking great volume conviction. 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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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$554.16	+8.46 1.55%	$565.68	$589.07	-5.93%	9,199,517 64.26%	14,317,000
Most Recent Note for NVDA - 10/6/2020 12:31:28 PM Perched within striking distance of its all-time high after a brief consolidation above its 50 DMA line. 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 was noted as a flaw with regard to the fact-based investment system's guidelines.
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POOL - NASDAQ - WHOLESALE - Basic Materials Wholesale Pool Corp	$325.10	-2.65 -0.81%	$329.61	$342.15	-4.98%	208,778 72.24%	289,000
Most Recent Note for POOL - 10/6/2020 12:32:10 PM Perched within striking distance of its 52-week high after a brief consolidation. Reported earnings +23% on +14% sales revenues for the Jun '20 quarter, below the +25% minimum earnings guideline (C criteria). Noted with caution in prior mid-day reports - "Fundamental concerns remain due to a sub par sales revenues growth history that is not a great match with the fact-based investment system's guidelines."
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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$586.44	-18.64 -3.08%	$610.38	$664.64	-11.77%	726,953 89.53%	812,000
Most Recent Note for REGN - 10/6/2020 12:32:50 PM Gapped up on the prior session rebounding above its 50 DMA line ($595) which has been downward sloping. Noted with caution in prior mid-day reports - "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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SAIL - NYSE - Computer Sftwr-Security Sailpoint Tech Holdings	$46.43	+0.94 2.07%	$47.04	$47.09	-1.40%	1,112,890 60.32%	1,845,000
Most Recent Note for SAIL - 10/6/2020 12:34:06 PM Hovering near its 52-week high today following recent volume-driven gains after a brief consolidation above its 50 DMA line ($37.48). Noted with caution in prior mid-day reports - "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. 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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SCPL - NASDAQ - Computer Sftwr-Gaming Sciplay Corporation	$17.06	-0.25 -1.44%	$17.90	$17.52	-2.63%	1,031,598 113.86%	906,000
Most Recent Note for SCPL - 10/6/2020 12:34:49 PM Hitting yet another new 52-week high today following a big volume-driven gain on the prior session approaching its all-time high. Found support at its 200 DMA line during its consolidation since noted in the 8/04/20 mid-day report - "Reported Jun '20 quarterly earnings +200% on +40% sales revenues versus the year ago period. Prior history is limited since it completed its $16 IPO on 5/03/19."
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SEDG - NASDAQ - Energy-Solar Solaredge Technologies	$265.58	-7.01 -2.57%	$274.59	$272.63	-2.59%	883,922 80.36%	1,100,000
Most Recent Note for SEDG - 10/6/2020 12:35:50 PM Hit yet another new all-time high today following 9 consecutive gains in a streak marked by above average volume. Prior mid-day reports cautioned members - "Reported earnings +3% on +2% sales revenues for the Jun '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong and steady (A criteria)."
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SSD - NYSE - MANUFACTURING - Small Tools & Accessories Simpson Manufacturing	$89.48	-2.72 -2.95%	$94.14	$104.34	-14.24%	292,503 115.61%	253,000
Most Recent Note for SSD - 10/6/2020 12:37:05 PM Gapped down on 10/02/20 after meeting resistance at its 50 DMA line since slumping from its all-time high. Reported greatly improved earnings in the Dec '19, Mar and Jun '20 quarters. Prior earnings and sub par sales revenues growth history is not a match with the fact-based investment system's fundamental guidelines.
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VCRA - NYSE - Comml Svcs-Healthcare Vocera Communications	$30.71	+0.53 1.76%	$30.94	$33.85	-9.28%	245,430 60.01%	409,000
Most Recent Note for VCRA - 10/6/2020 12:38:58 PM Found support near its 50 DMA line ($29) during the consolidation since a big gap up when last noted with caution in the 7/29/20 mid-day report after reporting Jun '20 earnings +43% on +6% sales revenues versus the year ago period. 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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