Mid-Day Breakouts Report - Thursday, May 16th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 16TH, 2024
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DOW 40009.38 101.38 (0.25%) | NASDAQ 16775.73 33.34 (0.20%) | S&P 500 5319.03 10.88 (0.20%)

Time of Screening : 5/16/2024 12:08:02 PM Report Released : 5/16/2024 12:35:32 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

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
APH - NYSE - ELECTRONICS - Diversified Electronics Amphenol Corp Cl A	$132.53	+0.57 0.43%	$133.91	$132.08	0.34%	1,943,575 60.32%	3,222,000
Most Recent Note for APH - 5/16/2024 12:09:13 PM Hitting a new all-time high today, very extended from any sound base. Reported earnings +16% on +9% sales revenues for the Mar '24 quarter versus the year ago period. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Quarterly and annual earnings history is not a match with the investment system's fundamental guidelines (C and A criteria)."
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BOOT - NYSE - Retail-Apparel/Shoes/Acc Boot Barn Holdings Inc	$112.00	+2.02 1.83%	$115.97	$111.43	0.51%	588,152 76.28%	771,000
Most Recent Note for BOOT - 5/16/2024 12:09:56 PM Hitting a new 52-week high with today's 4th consecutive volume-driven gain and no resistance remains due to overhead supply. Reported Mar '24 quarterly earnings -33% on -9% sales revenues versus the year-ago period and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong. Completed Secondary Offerings on 5/21/18 and 1/17/18.
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CMRE - NYSE - Transportation-Ship Costamare Inc	$14.24	+0.22 1.57%	$14.30	$14.06	1.28%	288,294 70.66%	408,000
Most Recent Note for CMRE - 5/16/2024 12:11:22 PM Greek shipping firm is hitting another new 52-week high with today's 3rd consecutive volume-driven gain. Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. The 5/10/24 mid-day report noted - "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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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$83.15	-2.49 -2.91%	$86.21	$88.00	-5.51%	1,986,438 61.05%	3,254,000
Most Recent Note for CRH - 5/16/2024 12:13:54 PM It has not formed a sound base but rebounded above its 50 DMA line ($82.33) last week, now pulling back abruptly today after perched within striking distance of its all-time high. Irish Building - Cement firm reported strong Mar '24 earnings versus a loss on +2% sales revenues versus the year-ago period. Subpar sales revenues growth is cause for concern. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '20.
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$76.78	+2.21 2.96%	$77.49	$75.25	2.03%	1,226,435 73.53%	1,668,000
Most Recent Note for FUTU - 5/16/2024 12:15:17 PM Hitting new multi-year highs with today's 4th consecutiev gain, rising further above its Dec '22 high ($72.20) with volume-driven gains. Found support near its 50 and 200 DMA lines in recent weeks. Reported Dec '23 quarterly earnings -5% on +4% sales revenues versus the year ago period, below (C criteria) the +25% minimum earnings guideline. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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HWKN - NASDAQ - CHEMICALS - Basic Chemicals Hawkins Inc	$83.77	+7.17 9.36%	$84.02	$79.81	4.96%	108,371 72.25%	150,000
Most Recent Note for HWKN - 5/16/2024 12:16:27 PM Hitting a new all-time high with today's considerable volume-driven gain. Reported Mar '24 quarterly earnings +20% on -2% sales revenues versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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IR - NYSE - MANUFACTURING - Diversified Machinery Ingersoll-Rand Co Cl A	$90.98	-1.81 -1.95%	$92.77	$96.17	-5.40%	1,476,345 60.31%	2,448,000
Most Recent Note for IR - 5/16/2024 12:17:21 PM Down today, slumping back below its 50 DMA line which may act as resistance after retreating from its all-time high with volume-driven losses. Reported Mar '24 quarterly earnings +20% on +3% sales revenues versus the year-ago period. Prior quarterly earnings comparisons were below the +25% minimum guideline (C criteria).
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MMM - NYSE - CONGLOMERATES - Conglomerates Three M Company	$104.73	+3.49 3.45%	$105.22	$101.74	2.94%	3,857,226 61.94%	6,227,000
Most Recent Note for MMM - 5/16/2024 12:19:38 PM Hitting a new 52-week high with today's 7th consecutive gain but overhead supply remains to act as resistance. Through the Mar '24 quarter fundamental concerns remain due to subpar quarterly and annual earnings (C and A criteria).
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NGVC - NYSE - RETAIL - Grocery Stores Nat Grocers Vit Cottage	$21.35	+0.54 2.59%	$21.56	$20.92	2.06%	71,917 114.15%	63,000
Most Recent Note for NGVC - 5/16/2024 12:23:43 PM Up today for a 3rd consecutive volume-driven gain hitting new 52-week highs. Gapped up when the 5/10/24 mid-day report noted - "Faces some resistance due to old overhead supply up to the $24 level. Reported earnings +35% on +9% sales revenues for the Mar '24 quarter versus the year ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady."
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PLUS - NASDAQ - FINANCIAL SERVICES - Credit Services Eplus Inc	$80.10	-0.03 -0.04%	$80.99	$83.57	-4.15%	119,800 60.20%	199,000
Most Recent Note for PLUS - 5/16/2024 12:25:03 PM It was dropped from the Featured Stocks list on 11/08/23 and found support at its 200 DMA line on pullbacks. Reported Mar '24 quarterly earnings -14% on -18% sales revenues versus the year-ago period results, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria).
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SN - NYSE - ENERGY - Independent Oil & Gas Sanchez Energy Corp	$73.91	+1.78 2.46%	$74.65	$73.97	-0.09%	796,123 73.44%	1,084,000
Most Recent Note for SN - 5/16/2024 12:25:44 PM Hitting yet another new 52-week high today, extended from any sound base and rising steadily with volume-driven gains. Reported Mar '24 quarterly earnings +23% on +25% sales revenues raising concerns. Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23.
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$16.08	-1.11 -6.46%	$16.95	$17.96	-10.47%	87,367 124.81%	70,000
Most Recent Note for TRAK - 5/16/2024 12:28:24 PM Pulling back abruptly today after hitting new multi-year highs with the noted volume-driven gain on the prior session. Found support at its 50 DMA line ($15.78) during its recent consolidation. Reported Mar '24 quarterly earnings +0% on +6% sales revenues versus the year-ago period. Repeatedly noted in prior mid-day reports - "Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines."
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$94.59	+4.34 4.81%	$95.35	$94.00	0.63%	6,491,458 183.69%	3,534,000
Most Recent Note for TTD - 5/16/2024 12:29:32 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain. The 5/09/24 mid-day report cautioned members - "Fundamental concerns remain. Reported Mar '24 quarterly earnings +13% on +28% sales revenues versus the year-ago period. Two of the 4 latest quarterly comparisons showed earnings increases above the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22."
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VECO - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Veeco Instruments Inc	$40.82	+0.12 0.29%	$41.08	$40.73	0.22%	275,472 58.24%	473,000
Most Recent Note for VECO - 5/16/2024 12:31:11 PM Hitting yet another new 52-week high with today's gain. Found prompt support near prior highs in the $37 area on the pullback after last noted in the 5/08/24 mid-day report - <i>"Reported Mar '24 quarterly earnings +50% on +14% sales revenues versus the year-ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Prior quarterly earnings increases were below the fact-based investment system's fundamental guidelines."</i>
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WMS - NYSE - Bldg-Constr Prds/Misc Advanced Drainage Systems Corp	$171.13	-5.05 -2.87%	$184.27	$177.19	-3.42%	422,022 99.77%	423,000
Most Recent Note for WMS - 5/16/2024 12:35:27 PM Reversed into the red today promptly after hitting a new all-time high. Reported earnings +10% on +6% sales revenues for the Mar '24 quarter versus the year-ago period. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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