Mid-Day Breakouts Report - Monday, April 1st, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 1ST, 2024
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DOW 39553.56 -253.81 (-0.64%) | NASDAQ 16371.17 -8.29 (-0.05%) | S&P 500 5239.04 -15.31 (-0.29%)

Time of Screening : 4/1/2024 12:46:26 PM Report Released : 4/1/2024 1:16:46 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

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	$47.11	+0.12 0.26%	$48.44	$50.99	-7.61%	17,835 74.31%	24,000
Most Recent Note for ACU - 4/1/2024 12:50:12 PM Rebounding toward its all-time high. Reported improved quarterly earnings in the 4 latest comparisons through Dec '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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DY - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Dycom Inds Inc	$141.33	-2.20 -1.53%	$142.76	$146.32	-3.41%	176,867 65.02%	272,000
Most Recent Note for DY - 4/1/2024 12:51:49 PM Gapped down today then recovered from the early low, still perched near its all-time high. 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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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$7.18	+0.21 3.01%	$7.32	$7.05	1.84%	1,130,135 106.32%	1,063,000
Most Recent Note for EGY - 4/1/2024 12:57:01 PM Perched at its 52-week high with today's gap up. Held its ground stubbornly following 9 consecutive volume-driven gains approaching its Jun '22 high ($8.77). For the Dec '23 quarter it reported earnings +95% on +55% sales revenues versus the year ago period. Erratic quarterly and annual earnings (C and A criteria) history is a concern. Low priced stocks are riskier choices which the investment system guidelines say should be avoided unless all key criteria are soundly satisfied.
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GES - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Guess Inc	$33.21	+1.74 5.54%	$33.50	$32.52	2.13%	1,085,136 99.92%	1,086,000
Most Recent Note for GES - 4/1/2024 1:00:42 PM Hitting a new 52-week high with today's 4th consecutive volume-driven gain. Held its ground stubbornly after a considerable gain marked by heavy volume on 3/21/24. Prior mid-day reports noted - "Through the Jan '24 quarter this Apparel - Clothing Manufacturing firm's fundamentals are below guidelines of the fact-based investment system. It was dropped from the Featured Stocks list on 11/1/07 and its quarterly sales revenues and earnings results steadily deteriorated afterward while it fell from $46.72 to $10.26 over the course of the next year."
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$8.23	+0.06 0.73%	$8.45	$8.29	-0.72%	3,907,095 65.05%	6,006,000
Most Recent Note for HMY - 4/1/2024 1:02:17 PM Reversed into the red today after hitting a new multi-year high following 4 consecutive gains with light volume. Stubbornly held its ground following a noted spurt of volume-driven gains. Prior mid-day reports noted - "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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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$124.62	+2.98 2.45%	$127.56	$122.83	1.45%	87,690 89.48%	98,000
Most Recent Note for IESC - 4/1/2024 1:03:35 PM Powering to new all-time highs with today's 2nd volume-driven gain. Noted with caution in prior mid-day reports - "Reported greatly improved earnings for the Mar, Jun, Sep, and Dec '23 quarters versus the year-ago periods but with subpar sales revenues growth which is not a match with the winning models of the fact-based investment system. There was a downturn in FY '22 earnings (A criteria)."
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NMIH - NASDAQ - Finance-Mrtg&Rel Svc N M I Holdings Inc Cl A	$31.82	-0.52 -1.61%	$32.35	$32.50	-2.09%	390,841 68.93%	567,000
Most Recent Note for NMIH - 4/1/2024 1:06:09 PM Found support near its 50 DMA line and prior highs in the $30 area while forming a 7-week cup shaped base. Reported earnings +17% on +14% sales revenues for the Dec '23 quarter, and prior quarterly comparisons were also well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$179.06	+1.68 0.95%	$181.33	$190.51	-6.01%	128,271 73.72%	174,000
Most Recent Note for NVMI - 4/1/2024 1:07:14 PM Consolidating near its all-time high following a noted spurt of volume-driven gains. Prior mid-day reports cautioned members again - "Reported Dec '23 quarterly earnings +6% on -11% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria). This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Annual earnings history (A criteria) has been up and down."
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NX - NYSE - METALS & MINING - Steel & Iron Quanex Building Products	$37.64	-0.79 -2.06%	$38.77	$39.31	-4.25%	100,755 71.46%	141,000
Most Recent Note for NX - 4/1/2024 1:09:17 PM Down today for a 2nd volume-driven loss after a "negative reversal" at it 52-week high when noted with caution in the prior mid-day report - "Reported Jan '24 quarterly earnings +0% on -9% sales revenues versus the year-ago period and fundamental concerns remain. Annual earnings (A criteria) has been strong after a downturn in FY '17 and '18."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$8.53	-0.05 -0.58%	$8.73	$8.90	-4.16%	40,287 129.96%	31,000
Most Recent Note for QRHC - 4/1/2024 1:10:10 PM Following volume-driven gains it is perched at its 52-week high. Found support recently near its closely coinciding 50 and 200 DMA lines. Reported Dec '23 quarterly 3 cents per share in earnings with +11% sales revenues versus a 2 cents per share loss for the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria).
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REX - NYSE - Energy-Alternative/Other Rex American Resources	$57.55	-1.16 -1.97%	$60.32	$58.90	-2.29%	148,982 124.15%	120,000
Most Recent Note for REX - 4/1/2024 1:11:39 PM Powered to a new 52-week high on the prior session with a considerable gap up and volume-driven gain. Reported Jan '24 quarterly earnings +147% on -6% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) has not been a match with the fact-based investment system's guidelines.
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TAYD - NASDAQ - MANUFACTURING - Diversified Machinery Taylor Devices Inc	$51.37	+1.60 3.21%	$53.50	$52.00	-1.21%	39,119 244.49%	16,000
Most Recent Note for TAYD - 4/1/2024 1:12:03 PM Extended from any sound base and rallying today hitting yet another new all-time high with a big volume-driven gain. Prior mid-day reports cautioned members - "Reported Feb '23 quarterly earnings versus a loss for the year-ago period, continuing a streak of strong quarterly comparisons with strong underlying sales revenues growth. Fundamental concerns remain due to up and down annual earnings (A criteria)."
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TM - NYSE - AUTOMOTIVE - Auto Manufacturers - Major Toyota Motor Corp Adr	$241.00	-10.68 -4.24%	$242.86	$255.23	-5.58%	253,994 82.73%	307,000
Most Recent Note for TM - 4/1/2024 1:16:41 PM Gapped down today for a volume-driven loss, retreating after recently wedging to new 52-week and all-time highs with gains lacking great volume conviction. Reported earnings +75% on +15% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history which is not a match with the fact-based investment system's guidelines.
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