Mid-Day Breakouts Report - Friday, October 23rd, 2020

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 23RD, 2020
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DOW 28275.23 -88.43 (-0.31%) | NASDAQ 11460.87 -45.14 (-0.39%) | S&P 500 3467.31 -28.79 (-0.82%)

Time of Screening : 10/23/2020 12:23:19 PM Report Released : 10/23/2020 1:09:34 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$458.92	+5.69 1.25%	$467.40	$459.00	-0.02%	921,520 129.97%	709,000
Most Recent Note for ALGN - 10/23/2020 12:27:23 PM Hit a new all-time high with a big "breakaway gap" on the prior session backed by 7 times average volume. Bullish action came after it reported earnings +52% on +21% sales revenues for the Sep '20 quarter versus the year ago period. Prior quarterly comparisons have not shown strong and steady earning growth above the +25% minimum guideline (C criteria). Estimates for FY '20 are for a -23% earnings decline from the prior year. Annual earnings (A criteria) had a slight downturn in FY '15.
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ATSG - NASDAQ - Transport-Air Freight Air Transport Svcs Grp	$29.44	+0.14 0.48%	$29.64	$30.06	-2.06%	268,228 66.07%	406,000
Most Recent Note for ATSG - 10/23/2020 12:28:50 PM Perched at its all-time high after a spurt of volume-driven gains. Found support near its 50 DMA line since noted with caution in the 9/11/20 mid-day report - "Fundamental concerns remain, however 2 of the 3 latest quarterly comparisons through Jun '20 were above the +25% minimum guideline (C criteria)."
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BCOV - NASDAQ - Computer Sftwr-Edu/Media Brightcove Inc	$13.48	+0.53 4.09%	$13.56	$13.76	-2.03%	545,539 296.49%	184,000
Most Recent Note for BCOV - 10/23/2020 12:29:48 PM Perched at its 52-week high with today's 3rd consecutive volume-driven gain. Quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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CLF - NYSE - METALS & MINING - Steel & Iron Cliffs Natural Resources	$8.80	+0.53 6.41%	$9.04	$9.02	-2.44%	13,503,188 137.61%	9,813,000
Most Recent Note for CLF - 10/23/2020 12:30:45 PM Went through a deep consolidation since noted with caution in the 7/19/19 mid-day report - "Quarterly and and annual earnings (C and A criteria) history has not been strong and steady so it is fundamentally below guidelines of the fact-based investment system."
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CLGX - NYSE - Finance-Mrtg&Rel Svc Corelogic Inc	$69.15	+0.69 1.00%	$69.57	$69.87	-1.04%	794,574 111.13%	715,000
Most Recent Note for CLGX - 10/23/2020 12:33:46 PM Holding its ground stubbornly since a gap up on 6/26/20 following M&A news. Reported earnings +70% on +16% sales revenues for the Sep '20 quarter versus the year ago period, its 4th strong quarter above the +25% minimum guideline (C criteria). Up and down annual earnings history (A criteria) has not been strong and steady.
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CRNC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Cerence Inc	$63.85	+1.75 2.82%	$65.40	$62.78	1.70%	517,551 80.62%	642,000
Most Recent Note for CRNC - 10/23/2020 12:36:56 PM Hitting a new 52-week high with today's 6th consecutive gain. Found support near its 50 DMA line during its recent consolidations. Last noted with caution in the 9/17/20 mid-day report - "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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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$85.20	+1.25 1.49%	$85.26	$89.04	-4.31%	40,149 74.35%	54,000
Most Recent Note for CSWI - 10/23/2020 12:38:13 PM Volume totals have been cooling while consolidating near its all-time high. The 10/12/20 mid-day report last cautioned members - "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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FOCS - NASDAQ - Finance-Investment Mgmt Focus Financial Partners	$40.51	+0.10 0.24%	$41.66	$40.99	-1.18%	251,469 76.43%	329,000
Most Recent Note for FOCS - 10/23/2020 12:42:16 PM Found support above its 200 DMA line during its consolidation since last noted in the 8/06/20 mid-day report. Faces no resistance due to overhead supply, but it reversed into the red today after hitting new multi-year highs and trading above the $40 level. Reported earnings +29% on +4% sales revenues for the Jun '20 quarter versus the year ago period. The 2 prior quarterly earnings increases were also the +25% minimum guideline (C criteria).
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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$131.74	-1.46 -1.10%	$133.46	$138.86	-5.13%	50,923 84.87%	60,000
Most Recent Note for FSV - 10/23/2020 12:43:50 PM Hovering near its all-time high and wedged higher with gains lacking volume since noted in the 8/26/20 mid-day report with caution - "Reported earnings -23% on +8% sales revenues for the Jun '20 quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria)."
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$35.43	+0.03 0.08%	$35.43	$38.87	-8.85%	430,499 76.87%	560,000
Most Recent Note for GMAB - 10/23/2020 12:46:05 PM Sputtering below its 50 DMA line ($36.85) with volume totals cooling. Noted in prior mid day reports near its all-time high - "Reported Jun '20 quarterly earnings +999% on +596% sales revenues versus the year ago period its 4th consecutive strong quarterly comparison. Limited history remains a concern and has not been a good match with the fundamental guidelines of the fact-based investment system."
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IRBT - NASDAQ - CONSUMER DURABLES - Electronic Equipment Irobot Corp	$83.86	+1.57 1.90%	$85.66	$98.55	-14.91%	689,298 88.03%	783,000
Most Recent Note for IRBT - 10/23/2020 12:49:00 PM Abruptly retreated and tested support near its 50 DMA line ($79.35) after a brief rally above prior highs. Reported earnings +72% on +43% sales revenues for the Sep '20 quarter versus the year ago period, its 2nd strong comparison. Prior quarterly comparisons were negative and clearly sub par so fundamental concerns remain. It was dropped from the Featured Stocks list on 4/25/19.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$25.62	-0.40 -1.53%	$25.81	$26.37	-2.84%	21,837 145.58%	15,000
Most Recent Note for JHX - 10/23/2020 12:50:18 PM Encountering distributional pressure after wedging higher in recent weeks. Found support at its 50 DMA line ($23.49) then steadily rallied into new high territory since 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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MYRG - NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction M Y R Group Inc	$44.61	+0.29 0.65%	$45.09	$46.71	-4.50%	79,177 102.83%	77,000
Most Recent Note for MYRG - 10/23/2020 12:56:30 PM Hovering near its all-time high. Three of the past 4 quarterly comparisons through Jun '20 were above the +25% minimum earnings guideline (C criteria). Up an down annual earnings (A criteria) history is not a match with historic models for big winners identified under the fact-based investment system.
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PDEX - NASDAQ - WHOLESALE - Medical Equipment Wholesale Pro Dex Inc	$36.03	-0.49 -1.34%	$38.05	$36.65	-1.69%	28,468 88.96%	32,000
Most Recent Note for PDEX - 10/23/2020 12:59:38 PM Reversed into the red after earlier gains for new all-time highs. Found support near its 50 DMA line ($27.67) and spiked to new 52-week and all-time highs with a streak of volume-driven gains this week. Prior mid-day reports noted - "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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SAM - NYSE - FOOD & BEVERAGE - Beverages - Brewers Boston Beer Company	$1,049.19	+131.11 14.28%	$1,077.29	$986.78	6.32%	249,158 222.46%	112,000
Most Recent Note for SAM - 10/23/2020 1:01:53 PM Hit a new all-time high with today's big breakaway gap and volume-driven gain. Found support above its 50 DMA line and wedged to new all-time highs with gains in recent weeks lacking great volume conviction. Reported earnings +70% on +30% sales revenues for the quarter ended September 30, 2020 versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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TBK - NASDAQ - Banks-West/Southwest Triumph Bancorp Inc	$46.26	+1.63 3.65%	$46.66	$44.80	3.26%	86,228 71.86%	120,000
Most Recent Note for TBK - 10/23/2020 1:03:36 PM Gapped up today hitting a new all-time high. Fundamental concerns remain. Reported earnings +63% on +7% sales revenues for the Sep '20 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). This Dallas, TX-based bank went through a deep consolidation since noted with caution in the 9/21/18 mid-day report. Completed a new Public Offering on 4/10/18.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$5.58	-0.26 -4.40%	$5.80	$5.91	-5.53%	2,188,515 91.92%	2,381,000
Most Recent Note for UMC - 10/23/2020 1:08:25 PM Pulling back today after challenging its 52-week high with a big volume-driven gain on the prior session. Due to report Sep '20 quarterly results on 10/29/20. Reported Jun '20 quarterly earnings +350% on +30% sales revenues versus the year-ago period and recent quarters showed solid earnings and improved sales revenues increases. Up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines.
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WDFC - NASDAQ - CHEMICALS - Specialty Chemicals W D 40 Co	$235.85	-1.57 -0.66%	$239.38	$238.55	-1.13%	87,833 111.18%	79,000
Most Recent Note for WDFC - 10/23/2020 1:09:27 PM Hit new all-time highs with impressive volume-driven gains this week. Bullish action came after it reported earnings +125% on +5% sales revenues for the Aug '20 quarter. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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