The following is provided by Navellier with technical comment from South Ocean Management – pls do your own due diligence.
(For this 2020 year, SOM will track only the Top 5 Hi-Growth Investments.)

https://navelliergrowth.investorplace.com/

Navellier says,

High-Growth Investments

DocuSign, Inc.

DocuSign, Inc. (DOCU) continues to benefit from the work-from-home trend, as the company offers digital document signing. The company has a cloud-based platform that enables businesses and individuals to develop, upload, sign and send agreements and documents virtually. With DocuSign’s platform, there’s no need for putting pen to paper or meeting in person to sign documents anymore.

Many businesses have utilized DocuSign’s eSignature technology throughout the pandemic: It has 100s of millions of users globally and more than 745,000 paying customers. And its clients include 18 of the top 20 global pharmaceutical companies, 10 of the top 15 global financial services companies and seven of the top 10 global technology companies.

So, it’s not too surprising that the analyst community is expecting solid third-quarter results. Third-quarter earnings are forecast to increase 18.2% year-over-year to $0.13 per share, while revenue is expected to jump 44.8% year-over-year to $361.19 million. Analysts have upped earnings forecasts over the past three months, and DocuSign has posted an average 134% earnings surprise in the past four quarters. Another earnings surprise is likely.

DocuSign will release results for its third quarter in fiscal year 2021 after the stock market closes on December 3. DOCU is a Moderately Aggressive buy below $247.

SOM Technicals:

6-26-20: Closed at 177.58. Trade pressures are up. Volumes are bullish. This spike up is not likely to continue in the face of the sell off.

7-4-20: Closed at 190.99. Trade pressures are up. Volumes are bullish. This parabolic move is very uncomfortable.

7-10-20: Closed at 210.11. Trade pressures are up but reversing. A close below 210 would signal lower.

7-18-20: Closed at 196.42. Trade pressures are down but rising. Volumes are neutral. The next target up is 217.

7-24-20: Closed at 190.95. Trade pressures are down. Volumes are bearish. The next target down is 172.23.

7-30-20: Closed at 217.45. Trade pressures are up. Volumes are bullish. The next target up is 257.20.

8-7-20: Closed at 205.00. Trade pressures are down. Volumes are bearish. Dropped thru two downside targets this week. The next target down is 185.06.

8-15-20: Closed at 199.71. Trade pressures are neutral. Volumes are neutral also. Traded down near the 185.06 target and now has moved higher. At the 25×5 MA and looks lower. The next target don is the 185.91 Target.

8-21-20: Closed at 210.18. Trade pressures are up but showing reversal. Volumes are bullish. The next target up is 221.00.

8-29-20: Closed at 215.24. Trade pressures are up. Volumes are bearish. resistance here at the 217.23 level, which is also the new long entry.

9-5-20: Closed at 216.26: Trade pressures are down. Volumes are bearish. Sitting on the 25×5 MA support at 216.

9-12-20: Closed at 197.94. Trade pressures are down. Volumes are bearish. A close below 196.53 triggers a new short entry.

9-19-20: Closed at 194.42. Trade pressures are down. Volumes are neutral. The next target down is 173.35.

9-26-20: Closed at 212.36. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 173.35.

10-11-20: Closed at 225.80. Trade pressures are down into the neutral zone. Volumes are bullish. A close above 240 would signal higher.

10-17-20: Closed at 234.60. Trade pressure are up. Volume are bullish. The next target up is 300.00.

10-24-20: Closed at 219.82. Trade pressures are down but reversing. Volumes are bearish. The next target down is 195.29.

10-30-20: Closed at 202.25. Trade pressures are down. Volumes are bearish. the next target down is 195.29.

11-07-20: Closed at 231.69. Trade pressures are up but reversing. Volumes are bearish. Resistance at 246 held. the next raget down is the 195 prior target.

11-14-20: Closed at 205.70. Trade pressures are now up but reversing again. Volumes are bearish. The 195 level was touched then rallied to the close.

11-20-20: Closed at 221.59. Trade pressures are up. Volumes are bullish.  The next target up is 241.70.

11-29-20: Closed at 226.87. Trade pressures are up. Volumes are bullish. The next target up is 241.70.

12-05-20: Closed at 243.22. Trade pressures are up. Volumes are neutral. The next target up is 298.04.

12-11-20: Closed at 225.49. Trade pressures are down into the neutral zone. Volumes are neutral. the next target down is 203.56.

 

JD.com, Inc.

JD.com, Inc. (JD) is the largest e-commerce platform in China and the biggest overall retailer in the country. In fact, JD has more than 700 warehouses throughout China and its fulfillment network reaches 99% of the entire Chinese population. Clearly, JD is directly in line to prosper from the shift to more online shopping amidst the global pandemic and China’s recent economic recovery—and that was apparent in the company’s recent earnings report.

During the third quarter, JD added more than 100 million new active customers. At the end of the third quarter, JD had 441.6 million annual active customer accounts, up 32.1% from 334.4 million at the end of the same quarter a year ago.

Third-quarter revenue jumped 29.2% year-over-year to RMB174.2 billion, with sales of general merchandise products accounting for RMB58.1 billion and service revenue coming in at RMB22.8 billion. The company also reported that earnings soared 80.1% year-over-year to RMB5.6 billion, up from RMB3.1 billion in the same quarter a year ago.

In U.S. dollar terms, JD achieved earnings of $0.8 billion and revenue of $25.7 billion. Earnings per ADS were $0.50. The analyst community was expecting earnings per ADS of $0.40 and revenue of $25.7 billion, so JD posted a 25% earnings surprise and in-line revenue. JD is a Conservative buy below $94.

SOM Technicals:

11-20-20: Closed at 87.74. Trade pressures are up. Volumes are bullish. In a retracement down from the 92.77 prior high. The next target down is the $80 support line at the uptrend resistance. Buy the pull backs to this line.

11-29-20: Closed at 89.41. Trade pressures are down into the neutral zone. Volumes are bullish. The support line has risen to 85.69.

12-05-20: Closed at 85.19. Trade pressures are up but reversing. Volumes are neutral. Closed below the 25×5 MA support line. the next target down is 80.15.

12-11-20: Closed at 82.61. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 80.19.

 

Novavax, Inc.

Novavax, Inc. (NVAX) has been incredibly resilient amidst the market’s gyrations in November. In fact, the stock has rallied more than 7% over the past three weeks. The reason why is simple: Positive efficacy data for COVID-19 vaccines has created optimism and excitement around Novavax’s vaccine candidate.

You may recall that Novavax develops vaccines for the toughest viruses in the world. Currently, the company’s Nanoflu vaccine for seasonal influenza and RexVax vaccine for RSV F in infants are both in Phase 3 clinical trials. The company’s RexVax vaccine for RSV in seniors and Ebola GP vaccine are in Phase 2 clinical trials.

And with funding from both Operation Warp Speed and the Bill & Melinda Gates Foundation, Novavax is also developing a COVID-19 vaccine. The company recently reported that it’s seen “remarkable progress” in its Phase 3 trial for its COVID-19 vaccine in the U.K. Interim data is expected in the first quarter of 2021, and a Phase 3 trial in the U.S. is anticipated by the end of November. NVAX is an Aggressive buy below $137.

SOM Technicals:

9-26-20: Closed at 113.56. Trade pressures are up. Volumes are bullish. The next target up is 129.69.

10-11-20: Closed at 111.12. Trade pressures are up and trending. Volumes are buillish. The next target up is 129.00. 

10-17-20: Closed at 107.04. Trade pressures are down. volumes are bearish. A close below 101 would signal lower.

10-24-20: Closed at 93.13. Trade pressures are down and trending. Volumes are bullish. the next target down is 73.45.

10-30-20: Closed at 80.71. Trade pressures are down but rising. The next target down is 73.45. A close above 117.39 would start a new move up.

11-07-20: Closed at 89.86. Trade pressures are up but reversing. Volumes are bullish. Need a close above the 25×5 at 98 to restart the move up.

11-14-20: Closed at 96.60. Trade pressures are up. Volumes are bullish. A close above 100 would signal higher.

11-20-20: Closed at 86.60. Trade pressures are down. Volumes are bearish. At resistance. The next target down is 73.45. A break of the resistance would signal higher to 117.39.

11-29-20: Closed at 126.20. Trade pressures are up. Volumes are neutral. Thru the 117 target and now at the 123 target. The next target up is 160.90.

12-05-20: Closed at 126.25. Trade pressures are up but declining. Volumes are neutral. In a retracement inside the move up. The next target down is 94.06.

12-11-20: Closed at 124.88. Trade pressures are up. Volumes are bearish. The next target up is 162.34.

 

Quidel Corporation

Quidel Corporation (QDEL) shares have been a bit volatile in November with positive efficacy data announced for two COVID-19 vaccines in recent weeks. However, as we discussed in the November 13 Weekly Update, I view the recent dip in QDEL as a great buying opportunity. The reality is that a vaccine hasn’t been approved by the FDA yet, and even when a vaccine is approved, it’s going to be a logistical nightmare to distribute. So, COVID-19 testing will remain critical to curbing the spread of the virus.

Quidel currently has two tests for COVID-19: Its Sofia-Antigen test and its Lyra RT-PCR test. Both have been in strong demand as the U.S. amped up its testing capabilities over the past eight months. John Hopkins University recently reported that more than 1.4 million tests are performed each day—and that figure is rising and could easily exceed two million per day.

Considering the surge in testing, it’s no surprise that Quidel reported blowout third-quarter results. In fact, the company noted that sales of COVID-19 products soared to $375.7 million, thanks to strong demand for both of its COVID-19 tests. Total third-quarter revenue jumped 276% year-over-year to $476.1 million, while earnings per share surged 725.7% year-over-year to $5.78.

Looking forward, the analyst community has also continued to up their fourth-quarter estimates. In the past month alone, earnings estimates have increased by 27.8%. For the fourth quarter, earnings are now forecast to increase 907% year-over-year to $10.07 per share, and revenue is forecast to grow 431.5% year-over-year to $808.88 million. QDEL is an Aggressive buy below $224.

SOM Technicals:

7-30-20: Closed at 282.47. Trade pressures are up. Volumes are bullish. The next target up is 367.57.

8-7-20: Closed at 272.76. Trade pressures are down. Volumes are bearish. The next target down is 259.83 the 25×5 MA.

8-15-20: Closed at 245.93. Trade pressures are up. Volumes are bearish. At the 25×5 MA. Should act as resistance. The next target down is 215.00.

8-21-20: Closed at 241.52. Trade pressures are in the neutral zone. Volume are bearish. Appears to want to test the 200.00 support level.

8-29-20: Closed at 162.97. Trade pressures are down hard. Volumes are neutral, short covering? The 200 day MA held as support. A close above 188.83 is the new long entry.

9-5-20: Closed at 154.41. Trade pressures are down. Volumes are bearish. 200 day MA is holding as support.

9-12-20: Closed at 161.19. Trade pressures are rising into the neutral zone. Volumes are now bullish. A close above 188.63 would signal higher.

9-19-20: Closed at 188.50. Trade pressures are up. Volumes are bullish. Has triggered a new long entry. The next target up is 248.00.

9-26-20: Closed at 196.77. Trade pressures are up but turning down. Volumes are bullish. The next target down is 161.41.

10-11-20: Closed at 278.05. (Nice  move while i was gone!) Trade pressures are up and trending. Volumes are bullish. The next target up is 290.43.

10-17-20: Closed at 255.25. Trade pressures are down. Volumes are bearish. A retest of the breakout. support at 223.

10-14-20: Closed at 248.21. Trade pressures are down and trending. Volumes are bearish. At the 239 support.

10-30-20: Closed at 268.29. Trade pressures are up but reversing. Volumes are bullish. the 239 support held. The next target down is 201.45 which would be voided by any close above 287.30.

11-07-20: Closed at 283.46. Trade pressures are up. Volumes are bullish. The next target up is 290.43.

11-14-20: Closed at 198.65. Trade pressures are down. Volumes are bearish. Vaccine prospects presage less testing. At support now.

11-20-20: Closed at 187.19. Trade pressures are down. Volumes are bearish. At 180.00, the 200 day MA as support. A close above 217 is required to restart any new move up.

11-29-20: Closed at 188.60. Trade pressures are rising into the neutral zone. Volumes are bullish. No one loves testing with a vaccine on the horizon? 183 MA support is holding.

12-05-20: Closed at 193.57. Trade pressures are up but reversing. Volumes are neutral. At support the next target down is 117.00.

12-11-20: Closed at 202.56. Trade pressures are up. Volumes are bullish. the new long entry is triggered at 204.90.

 

 

Zoom Video Communications, Inc.

Zoom Video Communications, Inc. (ZM) rounds out the Top 5 Stocks list again this month, and for good reason: The company’s video conferencing platform will remain in top demand for the foreseeable future. In fact, the platform hasn’t only been vital to businesses working remotely, it’s also been critical to helping family and friends stay connected this year. As a result, Zoom had more than 370,000 customers at the end of the third quarter.

To ensure that its customers remained connected this holiday season, Zoom is spreading some early holiday cheer. The company announced this week that its 40-minute time limit on free meetings would be lifted on Thanksgiving Day. With many folks unable to travel and share Thanksgiving dinner with their family and friends due to travel restrictions, Zoom wants to ensure that their Thanksgiving celebrations aren’t cut short by time restrictions.

It’s this sense of goodwill that will continue to drive folks to use Zoom’s platform throughout the holiday season and well into the New Year as the pandemic persists. And that should continue to add to Zoom’s top and bottom lines.

The analyst community has already more than doubled fourth-quarter earnings estimates over the past three months. Fourth-quarter earnings are expected to surge 744.4% year-over-year to $0.76 per share, up from $0.09 per share in the same quarter a year ago. Fourth-quarter revenue is also forecast to soar 316.4% year-over-year to $693.68 million. ZM is an Aggressive buy below $526.

SOM Technicals:

7-30-20: Closed at 253.91. Trade pressures are down but rising into the neutral zone. Volumes are bearish. The next target down is 209.79.

8-7-20: Closed at 258.73. Trade pressures are down. Volumes are Bearish. The next target down is 239.12.

8-15-20: Closed at 244.91. Trade pressures are up. Volumes are bearish. Rising into net bearish volumes after reaching the 227.53. target. Need to get thru the 25×5 MA at 254.63, otherwise more downside.

8-21-20: Closed at 289.68. Trade pressures are up and trending. Volumes are bullish. The resistance was non- existent. A new long entry was triggered at 271.00.

8-29-20: Closed at 299.27. Trade pressures are up. Volumes are bullish. The next target up is 314.82.

9-5-20: Closed at 369.89. Trade pressures are down into the neutral zone. Volumes are bullish. The next target down is 314.78 which would close the gap up. 

9-12-20: Closed at 383.00. Trade pressures are now up. Volumes are bearish. A close below 376 would signal a new leg down.

9-19-20: Closed at 438.73. Trade pressures are up. Volumes are bullish. In the new move after a back test to try to close the gap at 345. The next target up is 470.76.

9-26-20: Closed at 496.50. Trade pressures are up but declining. Volumes are now neutral. The next target down is 452.23.

10-11-20: Closed at 492.41. Trade pressures up Volumes are bullish. The next target up is the 529.74  prior high.

10-17-20: Closed at 559.00. Trade pressures are up and trending. Volumes are bullish. the next target up is 594.76.

10-24-20: Closed at 511.52. Trade pressures are down. Volumes are bearish. The next target down is 487.96.

10-30-20: Closed at 460.91. Trade pressures are down. Volumes are bearish. The next target down is 446.50.

11-07-20: Closed at 500.11. Trade pressures are up. Volumes are bullish. Need to clear the 25×5 resistance at 501.00.

11-14-20: Closed at 403.68. Trade pressures are up into the neutral zone. Volumes are bearish. The next target down is 357.00.

11-20-20: Closed at 439.60. Trade pressures are up. Volumes are now bullish. The next target up is resistance at 470.00.

11-29-20: Closed at 471.61. Trade pressures are up. Volumes are bullish. At the 470.75 target.  The next target up is 505.88.

12-05-20: Closed at 410.01. Trade pressures are down. Volumes are bearish. At lower wedge support. The next target down is a retest of the prior low at 366.28.

12-11-20: Closed at 397.01. Trade pressures are down but rising. Volumes are bearish. The next target down is 357.46.