Mid-Day Breakouts Report - Thursday, January 18th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, JANUARY 18TH, 2024
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DOW 37183.21 -83.46 (-0.22%) | NASDAQ 14985.11 129.49 (0.87%) | S&P 500 4750.88 11.67 (0.25%)

Time of Screening : 1/18/2024 12:23:59 PM Report Released : 1/18/2024 1:05:01 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
ELF - NYSE E L F Beauty Inc	$152.52	-10.58 -6.49%	$161.57	1,267,735 97.74% of 50 DAV 50 DAV is 1,297,000	$164.71 -7.40%	1/2/2024	$138.23	PP = $153.63 MB = $161.31
Most Recent Note - 1/18/2024 12:37:08 PM Y - Color code is changed to yellow with today's volume-driven loss bringing it back below the "max buy" level but also below the pivot point raising some concerns. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACU - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Acme United Corp	$46.48	+0.17 0.36%	$47.87	$47.31	-1.76%	12,104 80.69%	15,000
Most Recent Note for ACU - 1/18/2024 12:29:07 PM Hitting a new 52-week high and challenging its all-time high with today's 4th consecutive gain. Reported improved quarterly earnings in the 3 latest comparisons through Sep '23 but with subpar sales revenues growth. Annual earnings (A criteria) history had a big downturn in FY '22, not a match with the fundamental guidelines of the fact-based investment system.
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BSX - NYSE - HEALTH SERVICES - Medical Instruments & Supplies Boston Scientific Corp	$60.36	-0.60 -0.98%	$61.46	$61.01	-1.07%	4,999,608 79.61%	6,280,000
Most Recent Note for BSX - 1/18/2024 12:32:06 PM Rallied to new all-time highs with recent gains. Made steady progress since finding support near its 200 DMA line. Last noted with caution in the 11/13/23 mid-day report - "Reported Sep '23 quarterly earnings +16% on +11% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20."
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DV - NYSE - Computer Sftwr-Spec Enterprs DoubleVerify	$39.05	+0.67 1.75%	$39.95	$42.51	-8.14%	1,331,812 74.61%	1,785,000
Most Recent Note for DV - 1/18/2024 12:34:58 PM Gapped up today rebounding toward its 52-week high. Reported Sep '23 quarterly earnings +33% on +28% sales revenues versus the year-ago period. Fundamental concerns remain as the prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history since its $27 IPO in April '21.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$16.13	-0.58 -3.46%	$17.00	$16.73	-3.57%	63,903 65.21%	98,000
Most Recent Note for ELTK - 1/18/2024 12:39:23 PM Israel-based maker of circuit boards reversed into the red after today's early gain. On the prior session it broke out of a 5-week base. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Its 50 DMA line ($13.52) and prior highs in the $11 area define important near-term support. Earnings increases in the 3 latest quarterly comparisons were above the +25% minimum guideline (C criteria) but fundamental concerns remain after a downturn in FY '22 earnings (A criteria).
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$368.73	+9.85 2.74%	$374.18	$366.86	0.51%	1,147,785 70.76%	1,622,000
Most Recent Note for ISRG - 1/18/2024 12:44:53 PM Gapped up today hitting new 52-week and all-time highs. Made gradual progress since last noted with caution in the 11/17/23 mid-day report - "Reported Sep '23 quarterly earnings +23% on +12% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a deep consolidation from its all-time high hit after a 3:1 share split effective 10/05/21. Annual earnings (A criteria) history has been up and down."
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MBWM - NASDAQ - BANKING - Regional - Midwest Banks Mercantile Bank Corp	$38.59	+0.58 1.53%	$39.00	$41.93	-7.97%	39,055 78.11%	50,000
Most Recent Note for MBWM - 1/18/2024 12:45:33 PM Pulled back from multi-year highs recently and finding support this week near its 50 DMA line ($37.55). Reported Dec '23 quarterly earnings -9% on -3% sales revenues versus the year-ago period. Prior quarterlyu earnings comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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MOH - NYSE - HEALTH SERVICES - Health Care Plans Molina Healthcare Inc	$372.40	-14.08 -3.64%	$376.64	$391.21	-4.81%	200,199 59.23%	338,000
Most Recent Note for MOH - 1/18/2024 12:47:08 PM Gapped down today testing its 50 DMA line ($365.81) with a volume-driven loss, retreating after wedging to a new all-time high. Reported Sep '23 quarterly earnings +36% on +8% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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NYT - NYSE - MEDIA - Publishing - Newspapers New York Times Co Cl A	$47.18	-0.09 -0.19%	$47.64	$49.54	-4.76%	1,175,013 91.65%	1,282,000
Most Recent Note for NYT - 1/18/2024 12:49:40 PM Pulling back from its 52-week high with today's 3rd consecutive volume-driven loss. Consolidating above its 50 DMA line ($46.19) and prior highs in the $45 area defining near-term support to watch. Reported Sep '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria) versus the year-ago period but with lackluster sales revenues growth. Annual earnings (A criteria) growth had a downturn in FY '22. Found support above its 200 DMA line in recent months when consolidating.
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$41.10	+0.08 0.20%	$41.25	$41.97	-2.07%	1,180,880 136.05%	868,000
Most Recent Note for PGTI - 1/18/2024 12:51:56 PM With recent M&A news perched at its all-time high following noted volume-driven gains. Found support near prior highs and above its 50 DMA line. Noted with caution in prior mid-day reports - "Built an orderly flat base on base since gapping up on 10/10/23. Reported earnings +20% on +4% sales revenues for the Sep '23 quarter versus the year-ago period. Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18."
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RBCAA - NASDAQ - BANKING - Regional - Southeast Banks Republic Bancorp Ky Cl A	$49.51	-0.39 -0.77%	$49.85	$57.54	-13.96%	13,879 73.05%	19,000
Most Recent Note for RBCAA - 1/18/2024 12:56:04 PM This thinly-traded bank pulled back from its 52-week high recently and violated its 50 DMA line with a big volume-driven loss this week. Last noted with caution in the 12/22/23 mid-day report - "Reported earnings +9% on +7% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period. Its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$159.05	+1.27 0.80%	$160.17	$160.36	-0.82%	427,500 59.05%	724,000
Most Recent Note for SAP - 1/18/2024 12:57:36 PM Perched near multi-year highs. Found support at its 50 DMA line during the consolidation since last noted with caution in the 12/19/23 mid-day report - <i>"Reported earnings +40% on +12% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter."</i>
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$312.25	-5.98 -1.88%	$334.00	$357.99	-12.78%	1,894,730 59.49%	3,185,000
Most Recent Note for SMCI - 1/18/2024 12:58:13 PM Pulling back from its 52-week high with today's 4th consecutive loss. Recently rallied from its 50 DMA line ($289.57). Reported Sep '23 quarterly earnings +0% on +14% sales revenues versus the year-ago period. Two of the 3 lastest quarterly earnings increases were well below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$495.11	-12.76 -2.51%	$515.00	$573.77	-13.71%	810,308 71.39%	1,135,000
Most Recent Note for SNPS - 1/18/2024 12:58:34 PM Sputtering below its 50 DMA line ($526) in recent weeks after retreating from its all-time high with volume-driven losses. Reported Oct '23 quarterly earnings +66% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$199.33	+5.19 2.67%	$200.27	$196.50	1.44%	187,881 63.05%	298,000
Most Recent Note for TM - 1/18/2024 12:59:55 PM Gapped up today hitting a new 52-week high. Went through a deep consolidation from its all-time high since noted with caution in the 1/24/22 mid-day report. Reported earnings +189% on +20% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd strong quarter. Fundamental concerns remain due to its up and down quarterly and annual earnings (C and A criteria) history which is not a match with the fact-based investment system's guidelines.
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UNTY - NASDAQ - BANKING - Regional - Northeast Banks Unity Bancorp Inc	$27.68	-0.34 -1.21%	$27.89	$29.88	-7.36%	17,423 108.89%	16,000
Most Recent Note for UNTY - 1/18/2024 1:01:16 PM Consolidating above its 50 DMA line. Fundamental concerns remain. Reported Dec '23 quarterly earnings +3% on +0% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Sub par sales revenues growth remains a concern. Annual earnings steadily improved after a downturn in FY '17.
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$31.61	+1.52 5.05%	$31.91	$31.95	-1.06%	348,926 77.03%	453,000
Most Recent Note for VECO - 1/18/2024 1:03:07 PM Gapped up today and hit a new 52-week high with its 4th consecutive volume-driven gain after recently finding support near its 50 DMA line ($29). Recent quarterly comparisons through Sep '23 showed subpar sales revenues and earnings increases below the fact-based investment system's fundamental guidelines.
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WTFC - NASDAQ - BANKING - Regional - Midwest Banks Wintrust Financial Corp	$93.90	+0.73 0.78%	$95.55	$98.23	-4.41%	255,543 64.21%	398,000
Most Recent Note for WTFC - 1/18/2024 1:04:56 PM Reported earnings -16% on +4% sales revenues for the Dec '23 quarter versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Hovering within striking distance of its 52-week high.
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