Mid-Day Breakouts Report - Thursday, May 30th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 30TH, 2024
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DOW 38122.63 -318.91 (-0.83%) | NASDAQ 16840.9 -79.68 (-0.47%) | S&P 500 5252.01 -14.94 (-0.28%)

Time of Screening : 5/30/2024 12:38:17 PM Report Released : 5/30/2024 1:09:05 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
CRWD - Crowd Strike	$327.01	-22.51 -6.44%	$346.63	2,694,895 113.42% of 50 DAV 50 DAV is 2,376,000	$365.00 -10.41%	5/28/2024	$351.47	PP = $365.10 MB = $383.36
Most Recent Note - 5/30/2024 12:45:55 PM Y - Pulling back today with a big loss backed by above-average volume. Color code was changed to yellow when featured in the 5/28/24 mid-day report with pivot point cited based on its 3/06/24 high plus 10 cents and it was noted - "Perched near its 52-week high after wedging back above its 50 DMA line. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. It was dropped from the Featured Stocks list on 4/17/24. Due to report Apr '24 quarterly results on 6/04/24. Fundamentals have been strong through the Jan '24 quarter when it reported earnings +102% on +33% sales revenues versus the year-ago period." >>> The latest Featured Stock Update with an annotated graph appeared on 4/1/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AEM - NYSE - METALS & MINING - Gold Agnico Eagle Mines Ltd	$68.72	+1.33 1.97%	$69.04	$71.50	-3.89%	2,837,391 93.71%	3,028,000
Most Recent Note for AEM - 5/30/2024 12:39:29 PM Hovering near its 52-week high with volume totals cooling. This Canadian firm in the Mining - Gold/Silver/Gems group's Mar '24 quarterly earnings rose +33% on +21% sales revenues versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has been up and down.
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BBW - NYSE - Retail-Leisure Products Build-A-Bear Workshop	$27.71	-4.29 -13.41%	$28.63	$32.47	-14.66%	528,844 320.51%	165,000
Most Recent Note for BBW - 5/30/2024 12:41:25 PM Gapped down today abruptly retreating from multi-year highs and violating its 50 DMA line with a damaging volume-driven loss. Fundamental concerns remain.
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BMA - NYSE - BANKING - Foreign Regional Banks Banco Macro Sa Ads	$65.30	+3.35 5.41%	$67.15	$67.43	-3.16%	295,010 68.13%	433,000
Most Recent Note for BMA - 5/30/2024 12:42:56 PM Rebounding near its 52-week high with today's 4th consecutive gain. Found support above its 50 DMA line after noted in then 5/23/24 mid-day report with caution - "Reported earnings +77% on -87% sales revenues for the Mar '24 quarter versus the year-ago period and fundamental concerns remain. Argentine bank has shown strong annual earnings (A criteria) growth after a slight downturn in FY '20 and '21."
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CRTO - NASDAQ - Comml Svcs-Advertising Criteo SA Ads	$39.50	+0.14 0.34%	$39.80	$39.97	-1.19%	193,173 67.07%	288,000
Most Recent Note for CRTO - 5/30/2024 12:43:31 PM On track today for a 6th consecutive volume-driven gain after a brief consolidation since rallying above its Feb '23 high. Found support in recent weeks while consolidating near its 50 DMA line ($36). Reported earnings +60% on +1% sales revenues for the Mar '24 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) but with subpar sales revenues growth still a cause for concern. Annual earnings history (A criteria) has been up and down, not a good match with the fact-based investment system's fundamental guidelines.
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DKS - NYSE - SPECIALTY RETAIL - Sporting Goods Stores Dicks Sporting Goods Inc	$222.12	-3.91 -1.73%	$228.50	$229.56	-3.24%	978,860 90.72%	1,079,000
Most Recent Note for DKS - 5/30/2024 12:46:49 PM Hit new 52-week and all-time highs with a considerable gap up and volume-driven gain on the prior session when noted in the mid-day report with caution - "Reported Apr '24 quarterly earnings -3% on +6% sales revenues versus the year ago period. Prior earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history had a downturn in FY '23."
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$93.00	-4.60 -4.71%	$96.32	$100.69	-7.64%	168,428 92.04%	183,000
Most Recent Note for DSGX - 5/30/2024 12:48:34 PM Gapped down today for 3rd consecutive loss backed by ever-increasing volume, violating its 50 DMA line ($93.97) while abruptly retreating from its 52-week high. Reported Apr '24 quarterly earnings +18% on +11% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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DY - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Dycom Inds Inc	$184.19	+3.71 2.06%	$184.50	$181.61	1.42%	167,357 68.31%	245,000
Most Recent Note for DY - 5/30/2024 12:49:27 PM Up again today powering to new all-time highs with recent volume-driven gains. Reported Apr '24 quarterly earnings +17% on +9% 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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FSLR - NASDAQ - ELECTRONICS - Semiconductor - Broad Line First Solar Inc	$275.18	-3.01 -1.08%	$278.47	$286.60	-3.99%	1,885,898 74.19%	2,542,000
Most Recent Note for FSLR - 5/30/2024 12:53:54 PM Holding its ground after noted volume-driven gains hitting new 52-week highs and approaching its all-time high ($317 in May '08). Reported Mar '24 quarterly earnings +450% on +45% sales revenues versus the year ago period. Recent quarterly comparisons show great improvement. Not a match with the fact-based investment system's guidelines (A criteria) after a loss in FY '22. It was dropped from the Featured Stocks list on 6/4/2008.
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$8.70	+0.24 2.83%	$8.72	$8.58	1.39%	126,060 90.69%	139,000
Most Recent Note for GASS - 5/30/2024 12:55:28 PM Hitting yet another new 52-week high today following noted volume-driven gains. Made steady progress since finding support at its 200 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$132.47	+2.03 1.56%	$132.96	$140.20	-5.51%	396,054 97.31%	407,000
Most Recent Note for ITT - 5/30/2024 12:57:00 PM Today's gain has it rebounding near its 50 DMA line ($132.72) which may act as resistance following volume-driven losses. Reported earnings +21% on +14% sales revenues for the Mar '24 quarter versus the year-ago period. Fundamental concerns remain. Earnings increases in prior quarterly comparisons versus the year-ago periods have not been strong and steady above the minimum +25% guideline (C criteria). Annual earnings (A criteria) history has improved steadily after a downturn in FY '20.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$419.49	-9.69 -2.26%	$424.30	$433.60	-3.26%	12,650,684 68.13%	18,569,000
Most Recent Note for MSFT - 5/30/2024 12:59:14 PM Slumping back near its 50 DMA line ($416.75) after recently wedging to reach a new all-time high with gains lacking great volume conviction. Reported earnings +20% on +17% sales revenues for the Mar '24 quarter versus the year-ago period. The 2 prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady. It is already owned by 10,298 top-rated funds.
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NTAP - NASDAQ - COMPUTER HARDWARE - Data Storage Devices Netapp Inc	$117.84	+0.34 0.29%	$118.68	$118.36	-0.44%	1,184,931 70.83%	1,673,000
Most Recent Note for NTAP - 5/30/2024 1:00:30 PM Perched at new multi-year highs after volume-driven gains. Found support near its 50 DMA line during its consolidation after a considerable "breakaway gap" noted on 3/04/24. Due to report Apr '24 quarterly results. 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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NTIC - NASDAQ - CHEMICALS - Specialty Chemicals Northern Tech Intl Corp	$18.82	+0.87 4.85%	$18.97	$19.63	-4.13%	31,009 67.41%	46,000
Most Recent Note for NTIC - 5/30/2024 1:00:45 PM Consolidating near its 52-week high. Noted with caution in the prior mid-day reports - "Reported earnings +260% on +14% sales revenues for the Feb '24 quarter versus the year-ago period, its 2nd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Fundamental concerns remain with respect to the prior quarterly and annual earnings (C and A criteria)."
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PSTG - NYSE - Computer-Data Storage Pure Storage Inc Cl A	$63.67	+0.67 1.06%	$68.75	$63.06	0.97%	4,034,905 135.95%	2,968,000
Most Recent Note for PSTG - 5/30/2024 1:01:35 PM Hitting yet another new all-time high with today's 4th consecutive volume-driven gain. Reported Apr '24 quarterly earnings +300% on +18% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings (C criteria) guideline. Annual earnings history (A criteria) included a downturn in FY '21.
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QFIN - NASDAQ - Financial Svcs-Specialty 360 Finance Inc Cl A Ads	$19.48	-0.46 -2.31%	$20.04	$21.57	-9.69%	962,198 86.76%	1,109,000
Most Recent Note for QFIN - 5/30/2024 1:03:21 PM Pulled back near its 50 DMA line ($19.43) since last noted with caution in the 5/20/24 mid-day report - "Faces resistance due to overhead supply up to the $25 level. Reported Mar '24 quarterly earnings +22% on +10% sales revenues versus the year ago period and prior quarterly comparisons were subpar."
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UTI - NYSE - DIVERSIFIED SERVICES - Education & Training Services Universal Technical Inst	$16.20	-0.06 -0.37%	$16.44	$17.09	-5.21%	588,098 112.23%	524,000
Most Recent Note for UTI - 5/30/2024 1:09:00 PM Perched within close striking distance of its 52-week high after finding support near prior lows in the $14 area and rebounding above its 50 DMA line ($15.14).
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