Mid-Day Breakouts Report - Friday, January 5th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, JANUARY 5TH, 2024
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DOW 37457.95 17.61 (0.05%) | NASDAQ 14570.35 60.05 (0.41%) | S&P 500 4706.4 17.72 (0.38%)

Time of Screening : 1/5/2024 12:02:21 PM Report Released : 1/5/2024 12:31:17 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
AMPH - NASDAQ Amphastar Pharmaceuticals	$63.04	-0.41 -0.64%	$65.92	282,403 64.18% of 50 DAV 50 DAV is 440,000	$67.66 -6.83%	12/4/2023	$60.84	PP = $58.35 MB = $61.27
Most Recent Note - 1/5/2024 12:04:41 PM G - No resistance remains due to overhead supply but it has reversed into the red after today's early gain had it poised for a best-ever close. Color code was changed to green after Tuesday's volume-driven gain triggered a technical buy signal and it rose above its "max buy" level. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$26.23	+0.99 3.92%	$26.23	$25.73	1.94%	104,703 96.95%	108,000
Most Recent Note for BLX - 1/5/2024 12:05:52 PM Hitting a new 52-week high with today's 4th consecutive gain. Noted with caution in prior mid-day reports - "Reported Sep '23 quarterly earnings +69% on +55% sales revenues versus the year ago period. Comparisons in prior quarters also showed very strong sales revenues and earnings increases. Up and down annual earnings (A criteria) history is a concern."
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CFB - NASDAQ - Banks-Midwest Crossfirst Bankshares	$13.88	+0.42 3.08%	$13.98	$14.66	-5.35%	87,579 63.93%	137,000
Most Recent Note for CFB - 1/5/2024 12:06:54 PM Fundamental concerns remain. Slumped from near its all-time high when last noted in the 3/18/22 mid-day report.
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DB - NYSE - BANKING - Money Center Banks Deutsche Bk Ag Adr	$13.78	+0.16 1.17%	$13.88	$13.81	-0.23%	1,745,916 67.62%	2,582,000
Most Recent Note for DB - 1/5/2024 12:08:17 PM Touched a new 52-week high with today's gain. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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FNB - NYSE - BANKING - Regional - Southeast Banks F N B Corp	$13.70	+0.04 0.29%	$13.81	$14.68	-6.68%	1,008,959 58.29%	1,731,000
Most Recent Note for FNB - 1/5/2024 12:09:58 PM Reported Sep '23 quarterly earnings +3% on +8% sales revenues versus the year-ago period. Prior 3 quarterly comparisons were above the +25% minimum earnings guideline versus the year ago periods.
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$7.44	+0.29 4.06%	$7.52	$7.37	0.95%	246,236 91.20%	270,000
Most Recent Note for GASS - 1/5/2024 12:11:12 PM Today's 3rd volume-driven gain in the span of 4 sessions has it again hitting new multi-year highs. Found support near prior highs and above its 50 DMA line ($6.22) while consolidating. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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HWM - NYSE - Steel-Specialty Alloys Howmet Aerospace inc	$53.99	+1.39 2.63%	$54.00	$54.53	-1.00%	1,812,846 75.41%	2,404,000
Most Recent Note for HWM - 1/5/2024 12:16:52 PM Hovering near its all-time high but encountering some distributional pressure in recent weeks. Recent quarterly comparisons through Sep '23 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19 and '20.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$13.05	+0.22 1.74%	$13.70	$13.55	-3.66%	42,014 57.55%	73,000
Most Recent Note for IGIC - 1/5/2024 12:17:30 PM Hit another new 52-week high with today's early gain. Found support above its 50 DMA line ($11.91) during recent consolidation. Noted with caution in prior mid-day reports - "Reported Sep '23 quarterly earnings -48% on -1% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm."
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$49.10	+2.25 4.79%	$49.54	$49.32	-0.46%	557,465 59.43%	938,000
Most Recent Note for LPG - 1/5/2024 12:18:57 PM Rallying to a new 52-week highs with today's 3rd consecutive gain, getting extended from any sound base. Reported Sep '23 quarterly earnings +330% on +90% sales revenues versus the year ago period, its 6th very strong quarterly earnings comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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MGRC - NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services Mcgrath Rentcorp	$114.65	+0.53 0.46%	$115.12	$122.83	-6.66%	116,247 102.87%	113,000
Most Recent Note for MGRC - 1/5/2024 12:20:19 PM Pulling back from its all-time high with today's 6th consecutive loss. Prior highs in the $111-106 area define near-term support to watch. Sep '22 quarterly earnings rose +32% on +16% sales revenues versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '21.
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$40.33	+0.43 1.07%	$40.35	$43.50	-7.30%	25,721 65.95%	39,000
Most Recent Note for MLR - 1/5/2024 12:21:26 PM Testing support at its 50 DMA line ($39.76) after recent action indicative of distributional pressure. Reported Sep '23 quarterly earnings +230% on +34% sales revenues versus the year-ago period, its 5th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fundamental guidelines of the fact-based investment system. It went through a deep consolidation since dropped from the Featured Stocks list on 1/16/20.
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PFLT - NASDAQ - Finance-Investment Mgmt Pennantpark Flting Rt Cp	$12.50	+0.10 0.77%	$12.53	$12.49	0.04%	264,464 59.43%	445,000
Most Recent Note for PFLT - 1/5/2024 12:22:23 PM Through Sep '23 its quarterly earnings increases have been below the +25% minimum guideline (C criteria).
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$7.09	+0.03 0.42%	$7.14	$7.16	-0.98%	293,937 77.56%	379,000
Most Recent Note for PNNT - 1/5/2024 12:23:40 PM Hitting a new 52-week high with today's gain adding to a spurt of gains marked by above average volume. Faces some old resistance due to overhead supply up to the $8 level. Reported Sep '23 quarterly earnings +71% on +18% sales revenues versus the year-ago period, its 3rd strong quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria) versus the year-ago period. Annual eanings history (A criteria) had a downturn from FY '17-21 then improved in FY '22 and even better in '23.
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SMPL - NASDAQ - Food-Confectionery Simply Good Foods Co	$42.00	-0.69 -1.62%	$42.52	$43.00	-2.33%	357,015 61.87%	577,000
Most Recent Note for SMPL - 1/5/2024 12:29:09 PM Reported Nov '23 quarterly earnings +2% on +3% sales revenues versus the year-ago period. Priorquarterly comparisons were mostly subpar. Retreating today after a technical breakout and big volume-driven gain on the prior session. Faces some resistance due to old overhead supply up to the $45 level.
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WDFC - NASDAQ - CHEMICALS - Specialty Chemicals W D 40 Co	$234.66	+0.52 0.22%	$237.10	$245.76	-4.52%	72,199 61.19%	118,000
Most Recent Note for WDFC - 1/5/2024 12:31:12 PM Consolidating above its 50 DMA line ($230.85) in an orderly fashion in recent weeks near its 52-week high. Reported earnings +12% on +8% sales revenues for the Aug '23 quarter versus the year-ago period. Fundamental concerns remain. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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