Mid-Day Breakouts Report - Tuesday, December 22nd, 2020

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MIDDAY BREAKOUTS REPORT - TUESDAY, DECEMBER 22ND, 2020
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DOW 30040.57 -175.88 (-0.58%) | NASDAQ 12701.01 -41.51 (-0.33%) | S&P 500 3678.33 -16.59 (-0.45%)

Time of Screening : 12/22/2020 12:05:43 PM Report Released : 12/22/2020 12:43:11 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
AAXN - NASDAQ Axon Enterprise Inc	$127.84	-0.03 -0.02%	$131.63	463,011 84.65% of 50 DAV 50 DAV is 547,000	$130.41 -1.97%	12/22/2020	$127.84	PP = $130.51 MB = $137.04
Most Recent Note - 12/22/2020 12:16:07 PM Y - Color code is changed to yellow after a 4-week square box base pattern. Touched a new all-time high earlier with today's 4th consecutive gain. A solid gain and close above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($116.42) defines near term support to watch on pullbacks. Recently reported Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2020. Click here.
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SHOP - NYSE Shopify Inc	$1,236.48	+39.22 3.28%	$1,250.92	998,932 67.82% of 50 DAV 50 DAV is 1,473,000	$1,206.90 2.45%	12/16/2020	$1,146.00	PP = $1,147.01 MB = $1,204.36
Most Recent Note - 12/22/2020 12:41:13 PM G - Color code is changed to green after rallying above its "max buy" level for new all-time highs with today's big gain. Its 50 DMA line ($1,032) defines near-term support to watch above its 200 DMA line ($866). 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). >>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$130.35	+2.12 1.65%	$134.41	$137.98	-5.53%	97,728,763 84.56%	115,579,000
Most Recent Note for AAPL - 12/22/2020 12:07:52 PM Gapped up today challenging its all-time high. Reported earnings -4% on +1% sales for the Sep '20 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based system. On 8/31/20 a 4:1 share split impacted share price. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 5,693 in Sep '20. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd.
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ATLC - NASDAQ - Finance-Consumer Loans Atlanticus Holdings Corp	$28.01	+1.08 4.01%	$29.63	$27.38	2.30%	35,000 184.21%	19,000
Most Recent Note for ATLC - 12/22/2020 12:16:40 PM Perched at its 52-weeek high today following an impressive spurt of gains marked by heavy volume. Erratic quarterly and annual earnings history (C and A criteria).
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BEAT - NASDAQ - Medical-Services BioTelemetry Inc	$72.03	-0.03 -0.04%	$72.35	$73.10	-1.46%	572,125 100.55%	569,000
Most Recent Note for BEAT - 12/22/2020 12:17:05 PM Gapped up on 12/18/20 M&A news. Earnings increases in quarterly comparisons through Sep '20 were negative versus the year ago period or well below the +25% minimum guideline (C criteria) with a sub par sales revenues growth rate.
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BGFV - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Big 5 Sporting Corp	$10.83	+0.78 7.71%	$11.11	$10.60	2.12%	951,880 72.33%	1,316,000
Most Recent Note for BGFV - 12/22/2020 12:18:04 PM Hitting new multi-year highs with today's 6th consecutive gain. Found prompt support near its 50 DMA line during its consolidation since noted with caution in the 11/20/20 mid-day report - "Reported strong Sep '20 quarterly results. Prior sales revenues and earnings (C and A criteria) history are below the guidelines of the fact-based investment system."
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BIDU - NASDAQ - INTERNET - Internet Information Providers Baidu Inc Ads	$189.92	-3.16 -1.64%	$199.00	$202.79	-6.35%	3,390,395 61.55%	5,508,000
Most Recent Note for BIDU - 12/22/2020 12:18:20 PM Spiked to new 52-week highs with an impressive streak of gains marked by increasingly heavy volume. Prior mid-day reports noted - "Reported Sep '20 quarterly earnings +69% on+6% sales revenues versus the year ago period. Earnings were +41% on -4% sales revenues for the Jun '20 quarter. Sub par sales revenues growth remains a concern, fundamentally. Went through a long and deep consolidation since dropped from the Featured Stocks list on 1/16/15."
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BRP - NASDAQ - Insurance-Brokers BRP Group inc	$30.46	+0.24 0.79%	$31.41	$33.56	-9.24%	318,058 89.59%	355,000
Most Recent Note for BRP - 12/22/2020 12:19:20 PM Recently rallied to new highs and it pulled back testing its 50 DMA line ($29.14) after proposing another new Public Offering on 12/08/20. Quarterly comparisons through Sep '20 have shown strong sales revenues growth and earnings increases well above the +25% minimum guideline (C criteria). Completed a new Public Offering on 6/25/20. Limited annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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CAI - NYSE - Comml Svcs-Leasing CAI International Inc	$31.71	+0.84 2.72%	$32.11	$35.76	-11.33%	192,632 122.70%	157,000
Most Recent Note for CAI - 12/22/2020 12:21:15 PM Tested support near its 50 DMA line ($30.63) again when pulling back from its 52-week high. Found support at its 50 DMA line during the prior consolidation since noted with caution in the 10/19/20 mid-day report - "Fundamentals are not a match with the guidelines (C and A criteria) of the fact-based investment system."
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CGNX - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Cognex Corp	$80.49	-0.32 -0.40%	$82.50	$81.11	-0.76%	504,754 65.64%	769,000
Most Recent Note for CGNX - 12/22/2020 12:23:36 PM Perched at its 52-week and all-time high. Reported strong Sep '20 quarterly results versus the year ago period. Prior quarterly comparisons have not shown strong and steady growth above the +25% minimum (C criteria) earnings guideline of the fact-based investment system.
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CHGG - NYSE - Consumer Svcs-Education Chegg Inc	$92.01	+1.40 1.55%	$95.20	$90.89	1.23%	1,405,184 65.39%	2,149,000
Most Recent Note for CHGG - 12/22/2020 12:25:38 PM Hitting a new all-time high with today's 9th consecutive gain. Reported Sep '20 quarterly earnings -6% on +64% sales revenues versus the year ago period. Showed resilience and managed a choppy advance since 9/03/20 when dropped from the Featured Stocks list.
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CLCT - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Collectors Universe Inc	$75.95	+0.41 0.54%	$76.46	$81.00	-6.23%	152,208 86.98%	175,000
Most Recent Note for CLCT - 12/22/2020 12:26:16 PM Hovering near its 52-week high following 11/30/20 M&A news. 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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FLGT - NASDAQ - Medical-Research Eqp/Svc Fulgent Genetics Inc	$48.27	-1.45 -2.91%	$51.69	$54.14	-10.84%	999,591 71.71%	1,394,000
Most Recent Note for FLGT - 12/22/2020 12:26:51 PM Posted 3 consecutive volume-driven gains, rebounding toward its all-time high. Prior mid-day reports noted - "Recent quarterly comparisons in Jun and Sep '20 showed earnings with strong sales revenues increases. Prior earnings history is not a match with the fundamental guidelines."
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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$103.75	+7.34 7.61%	$106.04	$98.46	5.37%	2,576,245 79.12%	3,256,000
Most Recent Note for FSLR - 12/22/2020 12:29:18 PM Found prompt support at its 50 DMA line ($87) last week, and powering to a new all-time high with today's 7th consecutive gain. Reported Sep '20 quarterly earnings +400% on +70% sales revenues versus the year ago period. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria). It was dropped from the Featured Stocks list on 6/4/2008.
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FSM - NYSE - RETAIL - Grocery Stores Fortuna Silver Mines	$7.42	-0.35 -4.45%	$7.83	$8.11	-8.57%	2,375,057 74.59%	3,184,000
Most Recent Note for FSM - 12/22/2020 12:30:37 PM Rebounded near its 52-week high with recent volume-driven gains after sputtering below its 50 DMA line. Prior mid-day reports cautioned members - "Erratic earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$226.00	+7.03 3.21%	$239.90	$220.48	2.50%	109,659 199.38%	55,000
Most Recent Note for GRVY - 12/22/2020 12:31:28 PM Powering to yet another new all-time high with today's 6th consecutive volume-driven gain. Held its ground stubbornly after a "breakaway gap" and big volume-driven gain on 11/27/20. Near term support to watch on pullbacks is the prior high ($150) and its 50 DMA line ($148.52). Reported Sep '20 quarterly earnings +189% on +74% sales revenues versus the year ago period. Prior quarterly comparisons showed waning and sub par sales revenues with 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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LAKE - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Lakeland Industries Inc	$25.32	+0.84 3.43%	$25.93	$28.00	-9.57%	215,069 67.00%	321,000
Most Recent Note for LAKE - 12/22/2020 12:35:05 PM An impressive spurt of gains has it approaching previously stubborn resistance in the $27-28 area. Found prompt support at its 200 DMA line during prior consolidations. Reported great earnings increases in recent quarterly comparisons through Oct '20 with stronger sales revenues increases versus the year ago periods. Annual earnings growth (good A criteria) has been erratic.
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MITK - NASDAQ - Comp Sftwr-Spec Enterprs Mitek System Inc	$19.08	+0.69 3.72%	$19.88	$18.44	3.44%	923,320 128.96%	716,000
Most Recent Note for MITK - 12/22/2020 12:35:55 PM Rebounded above its 50 DMA line ($13.42) and rallied straight into new 52-week high territory with an impressive spurt of volume-driven gains. Prior mid-day reports noted - "Reported earnings +24% on +22% sales revenues for the Sep '20 quarter versus the year ago period, breaking a streak of 5 consecutive quarterly comparisons well 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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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$365.27	+9.25 2.60%	$367.20	$357.49	2.18%	837,970 73.96%	1,133,000
Most Recent Note for PANW - 12/22/2020 12:37:24 PM Stubbornly held its ground in recent weeks and it is very extended from any sound base after rallying to new all-time highs with gains backed by above average volume. Reported Oct '20 earnings +54% on +23% sales revenues versus the year ago period. Prior quarterly comparisons were sub par and lower than the year-ago periods, well below the +25% minimum earnings guideline (C criteria). Went through a deep and choppy consolidation and rebounded impressively since dropped from the Featured Stocks list on 5/13/19.
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RP - NASDAQ - REAL ESTATE - REIT - Diversified/Industrial Realpage Inc	$87.39	+0.06 0.06%	$87.88	$89.20	-2.03%	1,490,368 140.87%	1,058,000
Most Recent Note for RP - 12/22/2020 12:39:14 PM Gapped up on the prior session for a new all-time high on M&A news. Completed a new Public Offering on 5/21/20. Reported earnings +16% on +17% sales revenues for the Sep '20 quarter, its 7th consecutive quarterly comparison below the +25% minimum guideline (C criteria). It went through a choppy consolidation since dropped from the Featured Stocks list on 5/09/19.
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TSLA - NASDAQ - Auto Manufacturers Tesla Motors Inc	$619.00	-30.86 -4.75%	$649.88	$695.00	-10.94%	27,615,997 61.93%	44,589,000
Most Recent Note for TSLA - 12/22/2020 12:43:03 PM Pulling back today for a 2nd consecutive loss after spiking to a new all-time high. Recently rallied on news it was added to the S&P 500 Index. Found support after quietly sputtering below its 50 DMA line during its consolidation in recent weeks following a 5:1 share split. Fundamental concerns remain, however, through Sep '20 it has reported strong earnings increases and solid sales revenues growth above year ago periods. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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