Mid-Day Breakouts Report - Monday, October 12th, 2020

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 12TH, 2020
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DOW 28838.2 251.3 (0.88%) | NASDAQ 11840.65 260.71 (2.25%) | S&P 500 3529.69 52.56 (1.51%)

Time of Screening : 10/12/2020 12:04:43 PM Report Released : 10/12/2020 12:39:05 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
TEAM - NASDAQ Atlassian Corp Plc	$193.77	-5.08 -2.55%	$199.95	969,081 58.98% of 50 DAV 50 DAV is 1,643,000	$199.87 -3.05%	10/12/2020	$193.77	PP = $199.60 MB = $209.58
Most Recent Note - 10/12/2020 12:35:27 PM Y - Color code is changed to yellow with new pivot point cited based on its 9/01/20 high plus 10 cents. Pulling back today after it was perched within close striking distance of its 52-week high, recently wedging higher with gains lacking great volume conviction. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new technical buy signal. Its Relative Strength Rating has improved to 84, above the 80+ minimum guideline for buy candidates. Three of the past 4 quarterly comparisons through Jun '20 were at or above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 8/07/20 and found support well above its 200 DMA line during recent consolidations. >>> The latest Featured Stock Update with an annotated graph appeared on 7/24/2020. Click here.
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VEEV - NYSE Veeva Systems Inc Cl A	$305.07	+10.95 3.72%	$308.28	581,260 74.43% of 50 DAV 50 DAV is 781,000	$298.76 2.11%	10/6/2020	$287.71	PP = $298.86 MB = $313.80
Most Recent Note - 10/12/2020 12:38:59 PM Y - Gapped up today hitting a new all-time high. Found support at its 50 DMA line ($272) while forming a 5-week flat base. It was highlighted in yellow again in the 10/06/20 mid-day report with a new pivot point cited based on its 9/02/20 high plus 10 cents when noted - "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 10/6/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMZN - NASDAQ - INTERNET - Internet Software & Services Amazon.com Inc	$3,439.52	+152.87 4.65%	$3,451.28	$3,552.25	-3.17%	3,170,612 66.22%	4,788,000
Most Recent Note for AMZN - 10/12/2020 12:07:09 PM Gapped up today powering toward its 52-week high. Recent rebound above its 50 DMA line ($3,207) helped its outlook improve. It has not formed a sound base. Reported earnings +97% on +40% sales revenues for the Jun '20 quarter versus the year-ago period, but the prior 4 consecutive quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Not a match with the fact-based investment system's fundamental guidelines.
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$22.90	+0.72 3.23%	$23.87	$23.50	-2.57%	28,814 90.04%	32,000
Most Recent Note for AVNW - 10/12/2020 12:08:25 PM Gapped up today and hit a new 52-week high with a 4th consecutive gain. Found prompt support near its 50 DMA line ($20.86). Noted with caution in prior mid-day reports - "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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BRP - NASDAQ - Insurance-Brokers BRP Group inc	$29.12	+1.82 6.67%	$30.09	$30.15	-3.42%	443,695 133.64%	332,000
Most Recent Note for BRP - 10/12/2020 12:09:42 PM Challenging its 52-week high with today's volume-driven gain after a brief consolidation above its 50 DMA line. 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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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$86.77	+1.22 1.43%	$86.91	$86.43	0.39%	33,539 59.89%	56,000
Most Recent Note for CSWI - 10/12/2020 12:11:36 PM Hitting new 52-week and all-time highs with today's 8th consecutive gain. Reported earnings -17% on -11% sales revenues for the Jun '20 quarter, its 4th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady but not a great match with the fact-based investment system.
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DOYU - NASDAQ - INTERNET - Content Doyou Intl Holdings Ltd Ads	$15.99	+1.99 14.21%	$16.37	$17.85	-10.42%	15,346,889 657.82%	2,333,000
Most Recent Note for DOYU - 10/12/2020 12:13:52 PM Gapped up today rebounding above its 50 DMA line ($15.08) toward its 52-week high after a 5 week consolidation. Last noted with caution in the 8/18/20 mid-day report - "Reported Jun '29 quarterly earnings +400% on +30% sales revenues versus the year ago period. Quarterly comparisons have shown strong earnings increases but sequential quarters clearly show a decelerating sales revenues growth rate. China-based Internet firm has a limited history and sub par fundamentals."
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DQ - NYSE - Energy-Solar Daqo New Energy Corp Ads	$197.03	+0.50 0.25%	$216.70	$199.67	-1.32%	509,771 141.60%	360,000
Most Recent Note for DQ - 10/12/2020 12:14:27 PM Hitting yet another new all-time high with today's volume-driven gain. Powering higher impressively since retesting support at its 50 DMA line ($127). 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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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$12.91	+0.50 3.99%	$13.00	$13.20	-2.23%	2,027,634 77.96%	2,601,000
Most Recent Note for EGO - 10/12/2020 12:16:09 PM Challenging its 52-week high with today's big gain. Gapped up above its 50 DMA line ($11.21) on the prior session with a big volume-driven gain. Prior mid-day reports noted - "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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EV - NYSE - FINANCIAL SERVICES - Asset Management Eaton Vance Corp	$61.01	+0.70 1.15%	$61.20	$61.25	-0.40%	1,971,245 212.19%	929,000
Most Recent Note for EV - 10/12/2020 12:16:32 PM Gapped up on 10/08/20 for a new high on M&A news with Morgan Stanley (MS). 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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FELE - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Franklin Electric Co	$63.43	+0.79 1.26%	$64.07	$63.89	-0.72%	129,915 78.74%	165,000
Most Recent Note for FELE - 10/12/2020 12:18:41 PM Hitting a new 52-week high with today's gain. Earnings increases in quarterly comparisons through Jun '20 have been below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$78.44	-0.37 -0.47%	$83.30	$81.87	-4.19%	2,066,765 96.94%	2,132,000
Most Recent Note for FSLR - 10/12/2020 12:20:43 PM Hitting a new 52-week high today while adding to a recent spurt of volume-driven gains. Undercut then rebounded above its 50 DMA line ($71.14) during the recent consolidation. Noted with caution in prior mid-day reports - "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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JD - NASDAQ - Retail-Internet JD.com Inc Cl A Ads	$83.85	+4.06 5.09%	$84.41	$86.58	-3.15%	8,487,608 70.16%	12,098,000
Most Recent Note for JD - 10/12/2020 12:21:37 PM Gapped up today challenging its all-time high with a big volume-driven gain. Bullish action has continued after completing a new Public Offering on 6/11/20. Found prompt support at its 50 DMA line. Reported Jun '20 quarterly earnings +52% on +30% sales revenues versus the year ago period. This Chinese retailer's prior quarterly earnings increases 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 investment system's fundamental guidelines.
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LAZY - NASDAQ - Retail/Whlsle-Automobile Lazydays Holdings Inc	$15.31	+1.53 11.10%	$15.59	$16.26	-5.84%	194,851 115.30%	169,000
Most Recent Note for LAZY - 10/12/2020 12:22:16 PM Rebounding toward its all-time high with today's volume-driven gain after finding support near its 50 DMA line ($13.25). 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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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$21.22	+0.33 1.58%	$21.31	$21.90	-3.11%	35,074 83.51%	42,000
Most Recent Note for MBIN - 10/12/2020 12:22:34 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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MITK - NASDAQ - Comp Sftwr-Spec Enterprs Mitek System Inc	$13.34	-0.55 -3.96%	$14.50	$13.96	-4.44%	450,563 88.17%	511,000
Most Recent Note for MITK - 10/12/2020 12:24:38 PM Abruptly reversed into the red after hitting a new 52 week high with today's gap up gain. Last noted in the 9/04/20 mid-day report - "Reported earnings +33% on +16% sales revenues for the Jun '20 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history included a small downturn in FY '18."
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PKI - NYSE - Medical-Research Eqp/Svc Perkinelmer Inc	$132.06	+2.38 1.84%	$134.39	$129.85	1.70%	489,278 60.70%	806,000
Most Recent Note for PKI - 10/12/2020 12:25:35 PM Hit another new all-time high with today's gap up gain. Found support at its 50 DMA line during its consolidation after noted with caution in the 7/29/20 mid-day report. Prior mid-day reports cautioned members - "Reported earnings +57% on +12% sales revenues for the Jun '20 quarter versus the year ago period. Fundamental concerns remain. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been gradually improving after a downturn in FY '15."
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REGI - NASDAQ - Energy-Alternative/Other Renewable Energy Grp Inc	$62.28	-1.00 -1.57%	$65.65	$63.78	-2.36%	949,612 96.60%	983,000
Most Recent Note for REGI - 10/12/2020 12:26:39 PM Hit another new 52-week high today. During an impressive spurt of gains marked by volume prior mid-day reports cautioned members - "Fundamental concerns remain."
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SEDG - NASDAQ - Energy-Solar Solaredge Technologies	$289.33	-16.02 -5.25%	$311.60	$314.00	-7.86%	959,744 78.80%	1,218,000
Most Recent Note for SEDG - 10/12/2020 12:26:55 PM Perched at its all-time high today following an impressive spurt of gains 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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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$35.05	+0.15 0.43%	$35.34	$34.95	0.29%	2,374,454 102.17%	2,324,000
Most Recent Note for STM - 10/12/2020 12:27:36 PM Hitting yet another new 52-week high today. Held its ground stubbornly since a gap up when the 10/01/20 mid-day report cautioned members - "This Switzerland-based manufacturer of Semiconductor products reported earnings -44% on -4% sales revenues for the Jun '20 quarter versus the year ago period, and prior quarterly earnings comparisons have been erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been erratic and not a great match with the guidelines of the fact-based investment system."
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$5.59	-0.12 -2.02%	$5.79	$5.91	-5.50%	2,269,149 92.58%	2,451,000
Most Recent Note for UMC - 10/12/2020 12:35:57 PM Perched near its 52-week high following 3 consecutive big volume-driven gains. Found support at its 50 DMA line during the recent consolidation. Noted with caution in prior mid-day reports - "Reported Jun '20 quarterly earnings +350% 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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