Mid-Day Breakouts Report - Tuesday, December 1st, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, DECEMBER 1ST, 2020
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DOW 29887.92 249.28 (0.84%) | NASDAQ 12346.99 148.25 (1.22%) | S&P 500 3665.36 43.73 (1.21%)

Time of Screening : 12/1/2020 12:11:57 PM Report Released : 12/1/2020 12:57:05 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

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
AMD - NYSE Advanced Micro Devices	$93.80	+1.14 1.23%	$93.90	34,026,757 67.65% of 50 DAV 50 DAV is 50,299,000	$94.28 -0.51%	11/18/2020	$82.54	PP = $88.72 MB = $93.16
Most Recent Note - 12/1/2020 12:14:39 PM G - Color code is changed to green while trading above its "max buy" level and challenging its all-time high with today's gain. Rallied above pivot point on the prior session with a big gain backed by +69% above average volume triggering a technical buy signal. Its 50 DMA line ($82) defines important near term support. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2020. Click here.
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VEEV - NYSE Veeva Systems Inc Cl A	$280.78	+3.91 1.41%	$282.24	932,057 110.56% of 50 DAV 50 DAV is 843,000	$313.99 -10.58%	10/6/2020	$287.71	PP = $298.86 MB = $313.80
Most Recent Note - 12/1/2020 12:56:41 PM G - Posting a 4th consecutive gain today with ever-increasing volume, approaching its 50 DMA line. A convincing rebound above the 50 DMA line ($282.55) would help its outlook improve. Faces resistance due to overhead supply up to the $314 area. >>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMRC - NYSE - ENERGY - Alternative Ameresco Inc Cl A	$44.93	+0.38 0.85%	$45.35	$47.00	-4.40%	230,418 69.82%	330,000
Most Recent Note for AMRC - 12/1/2020 12:28:17 PM Hovering near its all-time high and trying to rise fom a late stage base. Reported earnings +111% on +33% sales revenues for the Sep '20 quarter versus the year ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria) with solid sales revenues growth. Annual earnings (A criteria) history has been good.
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ARNC - NYSE - Mining-Metal Ores Arconic Inc	$29.19	+1.68 6.11%	$29.62	$29.95	-2.54%	1,042,039 149.08%	699,000
Most Recent Note for ARNC - 12/1/2020 12:29:07 PM Challenging its 52-week high with today's big volume-driven gain. Fundamental concerns remain due to its sub par and waning sales revenues.
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$35.58	-0.55 -1.51%	$36.82	$37.00	-3.85%	36,616 66.57%	55,000
Most Recent Note for AVNW - 12/1/2020 12:29:46 PM Perched at its 52-week high today following an impressive spurt of volume-driven gains. Prior mid-day reports repeatedly noted - "Reported Sep '20 quarterly earnings +138% on +13% 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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BBY - NYSE - RETAIL - Electronics Stores Best Buy Co Inc	$108.48	-0.32 -0.29%	$109.49	$124.89	-13.14%	2,626,296 101.75%	2,581,000
Most Recent Note for BBY - 12/1/2020 12:30:18 PM Slumping below its 50 DMA line ($114.98) which previously acted as support. Gapped down on 11/24/20 retreating from its all-time high after reporting Oct '20 quarterly earnings +82% on +21% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Prior mid-day reports noted - "Prior earnings comparisons were below the +25% minimum guideline (C criteria). Prior sales revenues growth history is below the guidelines of the fact-based investment system. Annual earning (A criteria) growth has not been strong and steady, but improved since a drastic downturn in FY '13-14.'"
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CLCT - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Collectors Universe Inc	$76.34	-0.82 -1.06%	$77.97	$81.00	-5.76%	163,092 128.42%	127,000
Most Recent Note for CLCT - 12/1/2020 12:31:20 PM No resistance remains due to overhead supply and it hit another new 52-week high on the prior session. Reported strong Sep '20 earnings +63% with sales revenues +1% versus the year ago period. Made impressive progress since noted with caution in the 10/22/19 mid-day report - "Its prior sales and earnings history has been erratic and below guidelines."
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EV - NYSE - FINANCIAL SERVICES - Asset Management Eaton Vance Corp	$68.19	+1.21 1.81%	$68.51	$68.80	-0.89%	2,428,336 104.62%	2,321,000
Most Recent Note for EV - 12/1/2020 12:31:31 PM Stubbornly holding its ground and edging higher since a big gap up on 10/08/20 for a new high on M&A news with Morgan Stanley (MS). Noted in proior mid-day reports - "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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INFO - NASDAQ - Financial Svcs-Specialty IHS Markit Ltd	$96.03	-3.44 -3.45%	$99.40	$101.45	-5.35%	1,793,454 87.02%	2,061,000
Most Recent Note for INFO - 12/1/2020 12:33:01 PM Gapped up on the prior session hitting a new all-time high on M&A news with S&P Global (SPGI). Through Aug '20 its quarterly earnings growth was below the +25% minimum guideline (C criteria) of the fact-based investment system.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$28.71	-0.75 -2.55%	$28.88	$30.00	-4.30%	22,175 105.60%	21,000
Most Recent Note for JHX - 12/1/2020 12:33:43 PM Pulling back today from its all-time high, extended from any sound base. Support was previously found at its 50 DMA line ($26.01) while it steadily rallied into new high territory. Noted with caution in prior mid-day reports - "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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KB - NYSE - BANKING - Foreign Regional Banks K B Financial Group Adr	$42.03	+0.44 1.06%	$42.40	$43.83	-4.11%	133,176 95.13%	140,000
Most Recent Note for KB - 12/1/2020 12:35:04 PM Reccent volume-driven gains helped it trade above its Dec '19 high after a deep consolidation. Prior mid-day reports noted - "Fundamental concerns remain for this South Korean banking firm."
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MKSI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate M K S Instruments Inc	$140.81	+2.83 2.05%	$142.41	$139.47	0.96%	230,600 80.91%	285,000
Most Recent Note for MKSI - 12/1/2020 12:37:01 PM Hitting a new 52-week high. Recently tested support at its 200 DMA line. Reported earnings +72% on +28% sales revenues versus the year ago period for the Sep '20 quarter marking its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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MTD - NYSE - ELECTRONICS - Scientific & Technical Instrum Mettler Toledo Intl Inc	$1,161.88	+11.84 1.03%	$1,168.23	$1,228.41	-5.42%	105,541 90.21%	117,000
Most Recent Note for MTD - 12/1/2020 12:41:07 PM Consolidating since a gap up when noted with caution in the 11/06/20 mid-day report while hitting a new all-time high - "Reported earnings +22% on +7% sales revenues for the Sep '20 quarter versus the year ago period. Fundamentals remain a concern. Sales revenues and earnings history has not been strong and steady enough to solidly satisfy fundamental guidelines."
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MU - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips Micron Technology Inc	$68.14	+4.05 6.32%	$68.63	$65.25	4.43%	20,439,770 117.52%	17,392,000
Most Recent Note for MU - 12/1/2020 12:42:29 PM Hitting a new 52-week high with today's considerable volume-driven gain. Last noted in the 11/23/20 mid-day report - "Reported earnings +93% on +24% sales revenues for the Aug '20 quarter versus the year ago period. Prior quarterly comparisons have shown sub par sales revenues and earnings lower than the year ago periods. Annual earnings history (A criteria) has been erratic and below the fact-based system's guidelines."
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NGHC - NASDAQ - Insurance-Prop/Cas/Titl National General Holdings Corp	$34.30	+0.22 0.65%	$34.37	$34.48	-0.52%	814,389 125.29%	650,000
Most Recent Note for NGHC - 12/1/2020 12:42:39 PM Holding its ground in a tight range near its high since a considerable gap up on 7/08/20 following M&A news with Allstate (ALL). Completed a new Public Offering on 11/14/18. Reported earnings +53% on +10% sales revenues for the Sep '20 quarter versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth has not been strong and steady.
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SHOP - NYSE - Computer Sftwr-Enterprse Shopify Inc	$1,074.28	-16.10 -1.48%	$1,087.73	$1,146.91	-6.33%	1,084,410 67.90%	1,597,000
Most Recent Note for SHOP - 12/1/2020 12:43:12 PM Rebounded above its 50 DMA line ($1,004) and very little resistance remains due to overhead supply up to the $1,146 level. Prior low ($875) defines near-term support above its 200 DMA line ($817). Reported Sep '20 quarterly earnings of $1.13 per share versus a loss of 29 cents per share on +96% sales revenues versus the year ago period. The Ontario, Canada-based Computer Software - Enterprise firm's prior quarters showed big earnings increases well above the +25% minimum guideline (C criteria) with very strong underlying sales revenues growth. After years of losses it had strong earnings growth in FY '17-19 (A criteria).
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SSTK - NYSE - INTERNET - Internet Software & Services Shutterstock Inc	$71.72	+2.96 4.30%	$73.65	$71.97	-0.35%	854,850 272.25%	314,000
Most Recent Note for SSTK - 12/1/2020 12:45:37 PM Hit a new 52-week high with today's early volume-driven gain. Reported Sep '20 quarterly earnings +176% on +4% sales revenues versus the year ago period. Prior earnings history is not a match with the fact-based investment system (C and A criteria).
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TME - NYSE - INTERNET - Content Tencent Music Entertainment Group ADS	$16.72	-0.05 -0.27%	$16.81	$17.97	-6.98%	6,838,767 73.12%	9,353,000
Most Recent Note for TME - 12/1/2020 12:46:41 PM Perched within striking distance of its 52-week high after consolidating above its 200 DMA line since noted with caution in the 9/10/20 mid-day report - "Faces some resistance due to overhead supply up to the $19 level. Fundamental concerns remain. Limited history since its $13 IPO on 12/12/18."
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TMO - NYSE - CONGLOMERATES - Conglomerates Thermo Fisher Scientific	$468.02	+3.04 0.65%	$473.33	$532.57	-12.12%	1,105,796 70.88%	1,560,000
Most Recent Note for TMO - 12/1/2020 12:48:14 PM Rebounding above its 50 DMA line ($463), however it has not formed a sound base. Reported Sep '20 earnings +91% on +36% sales revenues versus the year ago period, its 2nd strong quarter. Fundamental concerns remain as prior quarterly comparisons had earnings growth below the +25% minimum guideline (C criteria).
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$104.18	+7.16 7.38%	$104.30	$102.44	1.70%	9,117,113 117.31%	7,772,000
Most Recent Note for TSM - 12/1/2020 12:49:00 PM Powering to a new all-time high. Reported Sep '20 quarterly earnings +46% on +30% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison with earnings increasing above the +25% minimum guideline (C criteria). Found support at its 50 DMA line ($88.64) during recent consolidations. Annual earnings (A criteria) growth has not been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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TX - NYSE - METALS & MINING - Steel & Iron Ternium Sa Adr	$28.41	+0.70 2.53%	$29.00	$27.77	2.30%	259,418 73.49%	353,000
Most Recent Note for TX - 12/1/2020 12:50:03 PM Perched at its 52-week high with today's 7th consecutive gain. Reported strong Sep '20 quarterly earnings with -13% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines.
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UCTT - NASDAQ - ELECTRONICS - Semiconductor - Specialized Ultra Clean Holdings Inc	$32.42	+0.78 2.47%	$32.76	$31.83	1.85%	305,212 77.86%	392,000
Most Recent Note for UCTT - 12/1/2020 12:54:22 PM Hitting a new 52-week high today, rallying with big gains marked by volume after a choppy consolidation. The 4 latest quarterly comparisons through Sep '20 showed very strong earnings increases backed by strong and accelerating sales revenues growth. Has a new CEO as of 10/02/17. Annual earnings (A criteria) history has been erratic and is not a match with the fact-based investment system's fundamental guidelines.
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$7.44	+0.31 4.28%	$7.47	$7.29	1.99%	2,854,567 75.32%	3,790,000
Most Recent Note for UMC - 12/1/2020 12:55:00 PM Gapped up today hitting a new 52-week high. Its 50 DMA line ($5.50) defines near-term support to watch. Reported Sep '20 quarterly earnings +225% on +28% sales revenues versus the year ago period. Company recently reported that it expects to soon settle litigation and regulatory concerns with regard to a Micron (MU) dispute. Prior mid-day reports noted - "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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VRT - NYSE - Electrical-Power/Equipmt Vertiv Holdings Llc	$18.81	+0.11 0.56%	$19.41	$19.18	-1.96%	2,822,336 101.09%	2,792,000
Most Recent Note for VRT - 12/1/2020 12:56:59 PM Fundamentral concerns remain. Perched near its all-time high.
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