Mid-Day Breakouts Report - Monday, March 4th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, MARCH 4TH, 2024
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DOW 38993.95 -93.43 (-0.24%) | NASDAQ 16234.73 -40.22 (-0.25%) | S&P 500 5132.92 -4.16 (-0.08%)

Time of Screening : 3/4/2024 11:59:03 AM Report Released : 3/4/2024 12:44:08 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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	$322.53	+8.28 2.63%	$323.78	412,402 93.30% of 50 DAV 50 DAV is 442,000	$318.90 1.14%	11/8/2023	$127.84	PP = $223.30 MB = $234.47
Most Recent Note - 3/4/2024 12:04:00 PM G - Very extended from any sound base and hitting another new all-time high today. 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 along with its 50-day moving average (DMA) line ($262.58). >>> The latest Featured Stock Update with an annotated graph appeared on 2/12/2024. Click here.
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NVO - NYSE Novo Nordisk A/S Adr	$128.37	+4.14 3.33%	$128.67	3,555,570 77.04% of 50 DAV 50 DAV is 4,615,000	$124.87 2.80%	3/1/2024	$124.23	PP = $124.97 MB = $131.22
Most Recent Note - 3/4/2024 12:32:14 PM Y - Gapped up today hitting a new all-time high. Color code was recently changed to yellow after forming an advanced "3-weeks tight" base. Its 50 DMA line ($112.59) defines important near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 2/8/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AIT - NYSE - WHOLESALE - Industrial Equipment Wholesale Applied Industrial Tech	$189.01	-3.37 -1.75%	$190.57	$194.28	-2.72%	204,994 107.33%	191,000
Most Recent Note for AIT - 3/4/2024 12:02:35 PM Pulling back today from new 52-week and all-time highs hit on the prior session. Its 50 DMA line ($178.47) defines near-term support to watch. Reported Dec '23 quarterly earnings +8% on +2% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison showing an earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong.
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APG - NYSE - Security/Sfty APi Group Corporation	$38.26	+0.90 2.41%	$38.29	$37.43	2.22%	1,167,064 79.72%	1,464,000
Most Recent Note for APG - 3/4/2024 12:03:09 PM Hitting another new all-time high with today's gap up and 3rd consecutive volume-driven gain. Reported Dec '23 quarterly earnings +22% on +3% sales revenues versus the year-ago period. Fundamental concerns remain.
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BAND - NASDAQ - Computer Sftwr-Enterprse Bandwidth Inc Cl A	$19.71	-0.98 -4.74%	$20.70	$20.99	-6.10%	286,656 80.75%	355,000
Most Recent Note for BAND - 3/4/2024 12:04:32 PM Pausing today after 4 consecutive volume-driven gains. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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BGC - NYSE - MANUFACTURING - Industrial Electrical Equipmen General Cable Corp	$7.71	+0.62 8.67%	$7.95	$7.65	0.72%	10,685,608 400.51%	2,668,000
Most Recent Note for BGC - 3/4/2024 12:07:21 PM Gapped up today hitting new multi-year highs. Found prompt support at its 50 DMA line during its recent consolidations. Reported Dec '23 quarterly earnings +31% on +18% sales revenues versus the year-ago period. Noted in prior mid-day reports - "Fundamental concerns remain."
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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$18.65	+0.15 0.81%	$19.00	$19.05	-2.10%	45,096 118.67%	38,000
Most Recent Note for BWMX - 3/4/2024 12:07:56 PM Perched at its 52-week high with today's 10th 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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CCOI - NASDAQ - Telecom Svcs-Cable/Satl Cogent Comm Group Inc	$73.27	-5.28 -6.72%	$78.19	$86.00	-14.80%	354,204 129.27%	274,000
Most Recent Note for CCOI - 3/4/2024 12:09:19 PM Retreating below its 50 DMA line ($76) with today's 2nd consecutive volume-driven loss. Reported very strong earnings for the Dec '23 quarter versus the year-ago period. Prior quarterly and annual earnings comparisons were not strong and steady, leaving concerns with regard to the fact-based investment system's fundamental guidelines.
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CIEN - NYSE - Telecom-Fiber Optics Ciena Corporation	$62.29	+1.45 2.38%	$63.24	$61.01	2.10%	1,950,299 110.37%	1,767,000
Most Recent Note for CIEN - 3/4/2024 12:11:26 PM Gapped up today hitting a new 52-week high with its 4th consecutive volume-driven gain. Reported Oct '23 quarterly earnings +23% on +18% sales revenues versus the year ago period. Prior 3 quarterly comparisons were well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$47.40	+2.10 4.64%	$47.54	$46.34	2.29%	1,561,714 75.59%	2,066,000
Most Recent Note for CLS - 3/4/2024 12:11:57 PM Extended from any sound base and hitting yet another new 52-week high with today's 3rd consecutive gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rallied steadily after finding prompt support near its 50 DMA line in January. Reported earnings +36% on +5% sales revenues for the Dec '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$315.45	-1.44 -0.45%	$317.20	$318.72	-1.03%	4,082,913 75.07%	5,439,000
Most Recent Note for CRM - 3/4/2024 12:14:56 PM Extended from any sound base and perched at its all-time high today following 3 consecutive volume-driven gains. Reported Jan '24 quarterly earnings +36% on +11% sales revenues versus the year ago period, its 5th 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 4,729 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$929.46	+26.17 2.90%	$939.82	$911.82	1.93%	326,280 100.39%	325,000
Most Recent Note for DECK - 3/4/2024 12:16:52 PM Gapped up today hitting a new all-time high, getting very extended from any sound base. Patient investors may watch for a new base or secondary buy point to develop and be noted in the weeks ahead. The 5 latest quarterly comparisons through Dec '23 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$15.52	+0.17 1.07%	$15.75	$16.06	-3.39%	20,567 89.42%	23,000
Most Recent Note for ELMD - 3/4/2024 12:18:17 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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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$52.22	-2.39 -4.38%	$55.18	$59.36	-12.03%	316,605 114.30%	277,000
Most Recent Note for GRBK - 3/4/2024 12:19:55 PM Testing its 50 DMA line ($52.70) with today's 2nd consecutive volume-driven loss after hitting a new 52-week high. Faces no resistance due to overhead supply. Reported Dec '23 quarterly earnings +34% on +4% sales revenues versus the year-ago period. Prior 4 quarterly comparisons were below the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria). The Building - Residential/Commercial industry group is currently ranked 55th on the 197 Industry Groups list, a reassuring sign concerning the L criteria. Completed a Secondary Offering on 1/27/21.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$6.54	+0.60 10.02%	$6.55	$6.76	-3.33%	4,925,751 114.31%	4,309,000
Most Recent Note for HMY - 3/4/2024 12:21:27 PM Rebounding well above its 50 DMA line ($5.91) and challenging multi-year highs with today's 3rd consecutive volume-driven gain. Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines.
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KKR - NYSE - Finance-Investment Mgmt K K R & Co Lp	$98.44	-0.49 -0.50%	$99.11	$101.80	-3.30%	3,730,062 104.60%	3,566,000
Most Recent Note for KKR - 3/4/2024 12:23:01 PM Hovering near its all-time high after a spurt of volume-driven gains. Erratic earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$86.32	-1.58 -1.80%	$87.04	$96.66	-10.70%	364,133 87.74%	415,000
Most Recent Note for LOGI - 3/4/2024 12:25:57 PM Slumping well below its 50 DMA line which recently acted as resistance. Prior mid-day reports cautioned members - "Reported Dec '23 quarterly earnings +34% on -1% sales revenues versus the year ago period. Fundamentals deteriorated and it went through a deep consolidation since dropped from the Featured Stocks list on 8/03/21 when noted with caution."
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MLM - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Martin Marietta Materls	$601.84	+11.89 2.02%	$604.72	$590.02	2.00%	399,584 120.36%	332,000
Most Recent Note for MLM - 3/4/2024 12:29:28 PM Very extended from any sound base and powering to new all-time highs with today's 9th consecutive volume-driven gain. Reported Dec '23 quarterly earnings +52% on +9% sales revenues, its 4th strong quarterly comparison versus the year-ago periods. Fundamental concerns remain after a slight downturn in FY '22 earnings (A criteria).
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$105.48	+0.17 0.16%	$107.51	$112.48	-6.22%	1,438,033 80.65%	1,783,000
Most Recent Note for NTAP - 3/4/2024 12:30:47 PM Consolidating after a considerable "breakaway gap" on the prior session. Reported earnings +42% on +5% sales revenues for the Jan '24 quarter versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down.
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PAY - NYSE - Finance-CrdtCard/PmtPr Paymentus Holdings	$16.69	+0.87 5.47%	$16.95	$18.79	-11.20%	168,461 151.77%	111,000
Most Recent Note for PAY - 3/4/2024 12:34:19 PM Rebounding near its 50 DMA line ($16.52) with today's volume-driven gain. Due to report Dec '23 quarterly results. Reported strong Jun and Sep '23 quarterly results but fundamental concerns remain. Prior quarterly and annual earnings history (C and A criteria) has been subpar.
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$188.02	+8.00 4.44%	$197.87	$188.27	-0.13%	192,343 75.73%	254,000
Most Recent Note for POWL - 3/4/2024 12:35:56 PM Hitting another new 52-week high with today's gain adding to an impressive spurt of volume-driven gains. Reported very strong Dec '23 quarterly earnings on +53% sales revenues continuing a streak of greatly improved earnings in recent quarterly comparisons versus the year-ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$1,128.72	+223.24 24.65%	$1,135.00	$1,077.87	4.72%	10,952,168 106.32%	10,301,000
Most Recent Note for SMCI - 3/4/2024 12:37:14 PM Gapped up today rallying for a considerable gain and yet another new all-time high, adding to an impressive spurt higher having the look of a "climax run". Reported Dec '23 quarterly earnings +71% on +103% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$18.25	-1.11 -5.73%	$19.40	$20.19	-9.61%	5,972,276 199.47%	2,994,000
Most Recent Note for VIPS - 3/4/2024 12:42:11 PM Pulling back today, consolidating near prior highs in the $18-19 area that define initial support after an impressive 2/28/24 gap up gain. Reported earnings +54% on +6% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly comparisons also showed strong earnings increases above the +25% minimum guideline (C criteria) but with subpar sales revenues growth remaining a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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WDAY - NYSE - Computer Sftwr-Enterprse Workday Inc Cl A	$277.06	-14.86 -5.09%	$279.36	$311.28	-10.99%	3,291,957 211.97%	1,553,000
Most Recent Note for WDAY - 3/4/2024 12:44:03 PM Gapped down today violating its 50 DMA line ($288) with a 3rd consecutive volume-driven loss. Reported Jan '24 quarterly earnings +59% on +17% sales revenues versus the year-ago period. Wedged higher in recent weeks with gains lacking great volume conviction. Found support at its 200 DMA line in recent months after a deep consolidation since dropped from the Featured Stocks list on 1/04/22. Reported strong Jan, Apr, Jul, and Oct '23 quarterly results versus the year-ago periods. There was a downturn in FY '23 earnings (A criteria).
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