Mid-Day Breakouts Report - Wednesday, February 28th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 28TH, 2024
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DOW 38903.19 -69.22 (-0.18%) | NASDAQ 15998.08 -37.22 (-0.23%) | S&P 500 5075.01 -3.17 (-0.06%)

Time of Screening : 2/28/2024 12:02:29 PM Report Released : 2/28/2024 12:44:18 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
AXON - NASDAQ Axon Enterprise Inc	$299.63	+27.81 10.23%	$299.65	822,967 217.72% of 50 DAV 50 DAV is 378,000	$274.78 9.04%	11/8/2023	$127.84	PP = $223.30 MB = $234.47
Most Recent Note - 2/28/2024 12:11:03 PM G - extended from any sound base and hitting new all-time highs with today's big volume-driven gain. Bullish action came after it reported Dec '23 quarterly earnings +60% on +29% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Prior highs in the $260-262 area define initial support to watch above its 50-day moving average (DMA) line ($259). >>> The latest Featured Stock Update with an annotated graph appeared on 2/12/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACHC - NASDAQ - HEALTH SERVICES - Specialized Health Services Acadia Healthcare Inc	$84.78	-2.60 -2.98%	$87.38	$87.77	-3.41%	398,663 83.58%	477,000
Most Recent Note for ACHC - 2/28/2024 12:05:56 PM Pulling back today after rebounding within close striking distance of its all-time high. Fundamental concerns remain as quarterly earnings increases through Dec '23 have been below the +25% minimum guideline (C criteria). It was dropped from the Featured Stocks list on 8/24/15.
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AGO - NYSE - INSURANCE - Life Insurance Assured Guaranty Ltd	$94.20	+8.56 10.00%	$94.46	$85.82	9.76%	309,135 112.01%	276,000
Most Recent Note for AGO - 2/28/2024 12:09:00 PM Extended from any sound base and rallying to new all-time highs with today's gap up and considerable volume-driven gain. Reported strong Dec '23 earnings on +12% sales revenues versus the year ago period. Fundamental concerns (C and A criteria) remain. Earnings history has been below the fact-based investment system's guidelines.
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BLD - NYSE - Bldg-Constr Prds/Misc Topbuild Corp	$392.43	-20.73 -5.02%	$400.88	$414.33	-5.29%	259,874 102.72%	253,000
Most Recent Note for BLD - 2/28/2024 12:12:38 PM Gapped down today retreating from its all-time high. Reported Dec '23 quarterly earnings +7% on +2% sales revenues versus the year-ago period. The Jun and Sep '23 quarters also had earning increases below the +25% minimum guideline (C criteria) versus the year-ago period. Went through a deep consolidation from its high reached after it was dropped from the Featured Stocks list on 10/05/21.
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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$17.40	+0.40 2.35%	$17.55	$18.44	-5.64%	38,822 114.18%	34,000
Most Recent Note for BWMX - 2/28/2024 12:13:05 PM Rebounding near its 52-week high with today's 7th consecutive volume-driven gain. Reported Dec '23 quarterly earnings +87% on +21% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain.
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CARG - NASDAQ - INTERNET - Content Cargurus Inc Cl A	$22.43	-1.10 -4.66%	$23.18	$24.64	-8.99%	802,058 92.19%	870,000
Most Recent Note for CARG - 2/28/2024 12:13:35 PM Pulling back below its 50 DMA line ($23.45) with volume-driven losses, retreating from near its 52-week high. Reported Dec '23 quarterly earnings +59% on -22% sales revenues versus the year ago period. Prior history has not been strong and steady.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$300.10	+0.60 0.20%	$300.88	$303.83	-1.23%	3,394,407 66.25%	5,124,000
Most Recent Note for CRM - 2/28/2024 12:14:06 PM Perched at its 52-week high with today's gain. Reported Oct '23 quarterly earnings +51% on +11% sales revenues versus the year ago period, its 4th strong quarterly comparison. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 968 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,703 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$34.91	-2.85 -7.55%	$37.37	$39.33	-11.25%	449,654 114.42%	393,000
Most Recent Note for DFH - 2/28/2024 12:14:55 PM Gapped down today retreating from its all-time high. Faces no resistance due to overhead supply. Sep '23 quarterly earnings rose +17% on +14% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria).
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DV - NYSE - Computer Sftwr-Spec Enterprs DoubleVerify	$39.80	-1.76 -4.22%	$40.09	$43.00	-7.45%	1,968,302 148.33%	1,327,000
Most Recent Note for DV - 2/28/2024 12:15:47 PM Gapped down today retreating from its 52-week high and undercutting its 50 DMA line ($39.07). 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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DY - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Dycom Inds Inc	$124.65	+2.06 1.68%	$127.88	$124.11	0.44%	322,401 138.97%	232,000
Most Recent Note for DY - 2/28/2024 12:17:56 PM Hitting new all-time highs with today's 6th consecutive volume-driven gain. Reported Jan '24 quarterly earnings -5% on +4% sales revenues versus the year-ago period. Fundamental concerns remain due to erratic quarterly and annual earnings (C and A criteria) earnings history.
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$15.50	+0.50 3.33%	$15.50	$16.06	-3.49%	21,081 91.66%	23,000
Most Recent Note for ELMD - 2/28/2024 12:19:07 PM Perched near its 52-week high following noted volume-driven gains. Recent quarterly comparisons through Dec '23 have been well above the fact-based system's +25% minimum guideline (C criteria). Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$298.07	+20.60 7.42%	$303.45	$278.39	7.07%	416,629 119.04%	350,000
Most Recent Note for EME - 2/28/2024 12:20:35 PM Extended from any sound base and hitting a new all-time high with today's gap up and 6th consecutive volume-driven gain after 5 consecutive weekly gains. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Dec '23 quarterly earnings +70% on +17% sales revenues versus the year-ago period, its 5th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earning growth has been steady.
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FOUR - NYSE - Finance-CrdtCard/PmtPr Shift4 Payments	$79.40	+2.57 3.35%	$80.29	$79.20	0.25%	849,430 81.13%	1,047,000
Most Recent Note for FOUR - 2/28/2024 12:22:26 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain after finding prompt support near its 50 DMA line ($74.48). Quarterly results through Dec '23 have shown strong sales revenues and earnings growth. Limited annual earnings history (A criteria) is a concern, but after a loss in FY '20 it showed great earnings growth in FY '21 and '22.
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$97.23	-10.14 -9.44%	$104.88	$113.31	-14.20%	100,835 91.67%	110,000
Most Recent Note for HURN - 2/28/2024 12:25:29 PM Abruptly slumping today violating its 50 and 200 DMA lines with a big volume-driven loss. Reported Dec '23 quarterly earnings +15% on +9% sales revenues versus the year-ago period. The prior 5 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a good match with the guidelines of the fact-based system.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$153.77	-1.66 -1.07%	$155.43	$155.94	-1.39%	68,616 67.27%	102,000
Most Recent Note for ICFI - 2/28/2024 12:26:35 PM Hovering near its 52-week high today. Reported earnings +8% on +1% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and its sales revenues growth rate was lackluster.
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IPAR - NASDAQ - CONSUMER NON-DURABLES - Personal Products Inter Parfums Inc	$145.36	-8.22 -5.35%	$150.00	$161.17	-9.81%	88,108 70.49%	125,000
Most Recent Note for IPAR - 2/28/2024 12:28:51 PM Gapped down today retreating from near its 52-week high and undercutting its 50 DMA line ($143.18). Faces little resistance up to the $161 level. Reported Dec '23 quarterly earnings -38% on +6% sales revenues versus the year ago period. Prior quarterly earnings increases were above the +25% minimum earnings guideline. Annual earnings history (A criteria) has been strong after a big downturn in FY '20.
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ITRI - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Itron Inc	$93.66	+2.63 2.89%	$94.30	$94.59	-0.98%	355,136 94.96%	374,000
Most Recent Note for ITRI - 2/28/2024 12:30:16 PM Perched at its 52-week high today stubbornly holding its ground following a considerable gap up and volume-driven gain on 2/26/24. Reported Dec '23 quarterly earnings +73% on +23% sales revenues versus the year ago period. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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LINC - NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services Lincoln Educational Svcs	$10.16	-0.01 -0.08%	$10.29	$10.68	-4.85%	88,706 108.18%	82,000
Most Recent Note for LINC - 2/28/2024 12:35:07 PM Perched near its 52-week high. Prior mid-day reports cautioned members - "Sales revenues growth rate has been subpar. Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines."
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STEP - NASDAQ - Finance-Investment Mgmt StepStone Group Inc	$36.41	+0.67 1.87%	$36.50	$37.40	-2.65%	297,500 89.34%	333,000
Most Recent Note for STEP - 2/28/2024 12:38:56 PM Perched near its 52-week high. Fundamental concerns remain. Limited history is a concern. Completed its $18 IPO on 9/16/20.
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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$84.95	+0.42 0.50%	$85.21	$84.53	0.50%	66,010 66.68%	99,000
Most Recent Note for STN - 2/28/2024 12:41:06 PM Hitting yet another new all-time high with today's 3rd consecutive gain. Rallied abruptly after finding prompt support near its 200 DMA line in Nov '23. Fundamental concerns remain. Due to report Dec '23 quarterly results. Reported Sep '23 quarterly earnings +33% on +14% sales revenues versus the year-ago period. The 2 prior quarterly comparisons showed earnings increases below the fact-based investment system's +25% minimum guidelines (C criteria). Annual earnings (A criteria) growth has been strong.
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$100.53	+0.01 0.01%	$102.77	$100.74	-0.21%	3,124,079 66.73%	4,682,000
Most Recent Note for TJX - 2/28/2024 12:42:51 PM Extended from any sound base and hitting new 52-week and all-time highs with today's volume-driven gain. Reported Jan '24 quarterly earnings +26% on +13% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria).
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TNC - NYSE - MANUFACTURING - Diversified Machinery Tennant Co	$115.68	+1.32 1.15%	$117.00	$114.97	0.62%	148,094 110.52%	134,000
Most Recent Note for TNC - 2/28/2024 12:43:24 PM Extended from any sound base and hitting new 52-week and all-time highs with today's 4th consecutive volume-driven gain. The 5 latest quarterly earnings increases through Dec '23 have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down and leaves fundamental concerns.
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