Mid-Day Breakouts Report - Thursday, July 8th, 2021

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 8TH, 2021
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DOW 34426.56 -255.23 (-0.74%) | NASDAQ 14532.3 -132.77 (-0.91%) | S&P 500 4320.73 -37.4 (-0.86%)

Time of Screening : 7/8/2021 12:12:02 PM Report Released : 7/8/2021 12:50:07 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

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
ASML - NASDAQ A S M L Holding N.V. NY	$674.47	-15.71 -2.28%	$674.61	433,480 57.80% of 50 DAV 50 DAV is 750,000	$710.97 -5.13%	5/25/2021	$669.59	PP = $675.75 MB = $709.54
Most Recent Note - 7/8/2021 12:17:48 PM Y - Recently encountering distributional pressure, testing the prior high ($675) and its 50 DMA line ($668) which define important near-term support. More damaging losses would raise concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2021. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AB - NYSE - Finance-Investment Mgmt Alliancebernstein Hld Lp	$45.00	-0.82 -1.79%	$45.27	$47.36	-4.98%	208,702 64.41%	324,000
Most Recent Note for AB - 7/8/2021 12:13:39 PM Retreating from multi-year highs with today's gap down and loss testing support at its 50 DMA line ($44.83). Prior mid-day reports noted - " Quarterly earnings increases through Mar '21 were not strong and steady above the +25% minimum guideline (C criteria) Annual earnings growth (A criteria) has not been strong and steady."
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ACU - AMEX - HEALTH SERVICES - Medical Instruments & Supplies Acme United Corp	$41.60	-0.75 -1.77%	$42.38	$48.31	-13.89%	12,463 69.24%	18,000
Most Recent Note for ACU - 7/8/2021 12:14:57 PM Slumping below its 50 DMA line ($43.89) this week with 4 consecutive losses. Reported Mar '21 quarterly earnings +44% on +22% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum guideline (C criteria) with sales revenues growth rate showing acceleration. Annual earnings (A criteria) history has been up and down, not a match with the fundamental guidelines of the fact-based investment system.
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AMEH - NASDAQ - Medical-Managed Care Apollo Medical Holdings	$77.60	-3.15 -3.91%	$78.31	$81.36	-4.63%	333,369 78.26%	426,000
Most Recent Note for AMEH - 7/8/2021 12:15:54 PM Extended from any sound base and perched at its 52-week high. Stubbornly held its ground following an impressive spurt of gains marked by above average volume. Prior mid-day reports noted - "Fundamental concerns remain due to its erratic annual earnings history."
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BAC - NYSE - BANKING - Money Center Banks Bank Of America Corp	$39.15	-0.60 -1.51%	$39.24	$43.49	-9.98%	24,737,086 59.20%	41,785,000
Most Recent Note for BAC - 7/8/2021 12:20:05 PM Met resistance near its 50 DMA line and today's 4th consecutive loss has it retreating near the prior low ($38.49). Marked its 52-week high when noted with caution in the 6/03/21 mid-day report - "Reported earnings +115% on -10% sales revenues for the Mar '21 quarter versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) and sub par sales revenues growth is not a match with the fact-based investment system's fundamental guidelines."
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BOCH - NASDAQ - BANKING - Regional - Pacific Banks Bank Of Commerce Hldgs	$13.44	-0.41 -2.96%	$13.48	$15.38	-12.61%	131,150 71.28%	184,000
Most Recent Note for BOCH - 7/8/2021 12:21:18 PM Following 6/24/21 M&A news it has slumped below its 50 DMA line. Noted with caution in prior mid-day reports - "Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria)."
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CAI - NYSE - Comml Svcs-Leasing CAI International Inc	$55.61	-0.09 -0.15%	$55.68	$56.17	-1.01%	453,733 92.79%	489,000
Most Recent Note for CAI - 7/8/2021 12:21:26 PM Gapped up 6/18/21 hitting a new all-time high on M&A news. Reported Mar '21 quarterly earnings +219% on +17% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Found support recently above its 200 DMA line after sputtering for weeks below its 50 DMA line. Fundamental concerns remain as prior earnings history is not a match with the guidelines (C and A criteria) of the fact-based investment system.
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CFG - NYSE - BANKING - Regional - Northeast Banks Citizens Financial Group, Inc	$43.92	-0.49 -1.10%	$44.03	$51.14	-14.12%	2,568,688 66.10%	3,886,000
Most Recent Note for CFG - 7/8/2021 12:23:11 PM Slumping after meeting resistance at its 50 DMA line following volume-driven losses. Last noted with caution in the 4/22/21 mid-day report - "Reported earnings +50% on -11% sales revenues for the Mar '21 quarter. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria) and it has an up and down annual earnings history (A criteria)."
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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$25.91	+0.20 0.77%	$26.66	$28.10	-7.80%	193,923 109.56%	177,000
Most Recent Note for CSWC - 7/8/2021 12:24:17 PM Rebounded above its 50 DMA line ($25.31) with 5 consecutive gains after damaging volume-driven losses. Pulled back from its 52-week high following a 6/14/21 Special Dividend. Prior mid-day reports repeatedly noted - "Quarterly earnings increases through Mar '21 have been below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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EOG - NYSE - Oil&Gas-U S Expl&Prod E O G Resources Inc	$80.95	-0.14 -0.17%	$81.63	$87.99	-8.00%	2,722,731 67.78%	4,017,000
Most Recent Note for EOG - 7/8/2021 12:26:04 PM Reported earnings +195% on -22% sales revenues for the Mar '21 quarter versus the year ago period. Fundamental concerns remain. The 8/06/14 mid-day report last cautioned - "Erratic annual earnings (A criteria) history is cause for concern."
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FBP - NYSE - BANKING - Foreign Regional Banks First Bancorp Hldg Co	$11.44	-0.06 -0.52%	$11.48	$13.25	-13.66%	1,131,929 58.02%	1,951,000
Most Recent Note for FBP - 7/8/2021 12:27:39 PM Pulled back from multi-year highs and slumped below its 50 DMA line ($12.49). Last noted with caution in the 6/15/21 mid-day report - "Quarterly comparisons through Mar '21 for this bank has been erratic. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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FITB - NASDAQ - BANKING - Regional - Midwest Banks Fifth Third Bancorp	$36.80	-0.27 -0.73%	$36.87	$43.06	-14.54%	2,853,706 59.34%	4,809,000
Most Recent Note for FITB - 7/8/2021 12:28:21 PM Slumped below its 50 DMA line from multi-year highs with damaging volume-driven losses. The 3/18/21 mid-day report noted - "Fundamentals are not a match with the fact-based investment system."
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GPI - NYSE - SPECIALTY RETAIL - Auto Dealerships Group I Automotive Inc	$159.24	+8.92 5.93%	$159.50	$175.04	-9.03%	138,000 81.66%	169,000
Most Recent Note for GPI - 7/8/2021 12:29:44 PM Today's big volume-driven gain has it rebounding above its 50 DMA line ($160) which acted as resistance after noted with caution in the 6/28/21 mid-day report - "Reported Mar '21 quarterly earnings +236% on +12% sales revenues versus the year ago period. The 3 prior quarterly comparisons through Dec '20 were above the +25% minimum earnings guideline (C criteria) versus the year ago periods but with waning sales revenues, an indication of no great demand for new products or services (N criteria). Its annual earnings (A criteria) history has been good."
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GPMT - NYSE - Finance-Mortgage REIT Granite Point Mortgage Trust Inc	$14.19	-0.13 -0.91%	$14.20	$15.92	-10.87%	234,237 58.41%	401,000
Most Recent Note for GPMT - 7/8/2021 12:30:28 PM This REIT's quarterly earnings increases through Mar '21 were below the +25% minimum guideline (C criteria) of the fact-based investment system. Went through a deep consolidation since noted with caution in the 2/05/19 mid-day report.
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HIBB - NASDAQ - SPECIALTY RETAIL - Sporting Goods Stores Hibbett Sports Inc	$95.51	+2.41 2.58%	$95.71	$95.38	0.13%	266,697 61.59%	433,000
Most Recent Note for HIBB - 7/8/2021 12:32:30 PM Did not form a sound base but rallied for new all-time highs with recent gains lacking great volume conviction. Repaired a brief slump below its 50 DMA line ($82). Reported very strong Apr '21 quarterly results. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Versus the year ago periods it has shown 4 strong quarterly comparisons. Annual earnings (A criteria) history has been improving since a downturn in FY '17 and '18.
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LYG - NYSE - BANKING - Foreign Regional Banks Lloyds Banking Group Adr	$2.47	-0.07 -2.57%	$2.47	$2.83	-12.90%	5,641,168 105.42%	5,351,000
Most Recent Note for LYG - 7/8/2021 12:33:52 PM Slumped below its 50 DMA line since noted with caution in the 6/03/21 mid-day report - "UK - based Financial firm has an erratic earnings history."
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MCB - NYSE - Banks-Northeast Meteropolitan Bank Hldg	$57.00	-1.73 -2.95%	$57.98	$66.40	-14.16%	25,325 70.35%	36,000
Most Recent Note for MCB - 7/8/2021 12:34:55 PM Slumped from near its 52-week high and below its 50 DMA line ($62.87). Reported Mar '21 quarterly earnings +47% on +6% sales revenues versus the year ago period. The 4 latest quarterly comparisons have shown strong earnings growth above the +25% minimum guideline (C criteria), but sub par sales revenues growth leaves fundamental concerns. Its annual earnings (A criteria) history has been strong since its $35 IPO on November 8, 2017.
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MORN - NASDAQ - DIVERSIFIED SERVICES - Research Services Morningstar Inc	$254.10	-4.25 -1.64%	$254.89	$270.08	-5.92%	64,537 62.66%	103,000
Most Recent Note for MORN - 7/8/2021 12:36:35 PM Perched within striking distance of its all-time high. Reported Mar '21 quarterly earnings +106% on +21% sales revenues versus the year ago period, its 4th strong quarterly comparison well above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the investment system's fundamental guidelines.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$804.25	-10.62 -1.30%	$804.40	$835.00	-3.68%	6,358,234 64.41%	9,872,000
Most Recent Note for NVDA - 7/8/2021 12:37:43 PM Posted 7 consecutive weekly gains and it was noted in prior mid-day reports - "Recently wedging into new all-time high territory with gains lacking great volume conviction, very extended from any sound base. Stubbornly held its ground after an impressive spurt of volume-driven gains. Reported Apr '21 quarterly earnings +103% on +84% sales revenues versus the year ago period, marking its 6th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria) with sequential comparisons showing impressive acceleration in its sales revenues growth rate. Downturn in FY '20 annual earnings (A criteria) history was noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20."
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$85.50	-0.59 -0.68%	$86.89	$87.17	-1.91%	7,525,503 64.49%	11,670,000
Most Recent Note for ORCL - 7/8/2021 12:39:46 PM Hit a new all-time high on the prior session with its 4th consecutive gain backed by volume. Reported May '21 quarterly earnings +28% on +8% sales revenues versus the year ago period. Earnings increases were below the +25% minimum guideline (C criteria) in all quarterly comparisons through Feb '21 versus the year ago periods. Fundamental concerns remain.
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$87.91	-0.06 -0.07%	$88.11	$101.96	-13.78%	665,548 60.61%	1,098,000
Most Recent Note for PWR - 7/8/2021 12:41:08 PM Still sputtering well below its 50 DMA line ($93.29) which is now downward sloping. Last noted with caution in the 6/21/21 mid-day report - "Fundamental concerns remain. Quarterly earnings history (C criteria) is not a match with the fact-based system's fundamental guidelines."
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RC - NYSE - Finance-Mortgage REIT Ready Capital Corp	$15.25	-0.54 -3.42%	$15.60	$16.78	-9.12%	483,563 110.91%	436,000
Most Recent Note for RC - 7/8/2021 12:42:58 PM Encountering distributional pressure in recent weeks, this REIT is pulling back from near multi-year highs after having rebounded from a deep consolidation. The 6/29/21 mid-day report noted - "Reported very strong Mar '21 quarterly earnings on +76% sales revenues versus the year ago period. Three of the past 4 quarterly earnings increases were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have not been strong and steady."
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SC - NYSE - ENERGY - Major Integrated Oil & Gas Santander Cons USA Hldgs	$40.45	+0.02 0.05%	$40.54	$41.10	-1.58%	854,805 96.48%	886,000
Most Recent Note for SC - 7/8/2021 12:43:34 PM Gapped up on 7/02/21 hitting a new all-time high. Recently found support at its 50 DMA line. Reported +203% earnings on +3% sales revenues for the Mar '21 quarter versus the year ago period. Prior 2 quarterly earnings increases were also well above the +25% minimum guideline (C criteria) but sub par sales revenues growth remains a concern, fundamentally. Annual earnings (A criteria) growth has been strong following a downturn in FY '17. Went through a long and deep consolidation since its $24 IPO on 1/23/14.
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SGH - NASDAQ - Computer-Data Storage Smart Global Holdings	$54.85	-1.18 -2.10%	$55.66	$58.39	-6.07%	353,938 96.44%	367,000
Most Recent Note for SGH - 7/8/2021 12:44:39 PM Powered to a new 52-week high with a gap up and considerable volume-driven gain noted on the prior session. Reported +99% earnings on +56% sales revenues for the May '21 quarter versus the year ago period, its 5th consecutive strong quarterly earnings comparison above the +25% minimum guideline (C criteria). Noted in the 4/27/21 mid-day report - "Mostly sub par sales revenues growth rate and its poor annual earnings history (A criteria) are concerns, fundamentally. Has a new CEO as of 8/31/20. Completed its $121 IPO on 5/24/17 and completed a Secondary Offering on 11/30/17."
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SPFI - NASDAQ - Banks-West/Southwest South Plains Financial	$22.97	+0.09 0.39%	$23.20	$25.08	-8.41%	15,046 75.23%	20,000
Most Recent Note for SPFI - 7/8/2021 12:45:49 PM Sputtering below its 50 DMA line. The 5/21/21 mid-day report last noted - "Reported Sep, Dec '20, and Mar '21 quarterly results with strong earnings increases versus the year ago periods, but showing sequential deceleration in its sales revenues growth rate over that span +38%, +17%, +9%, respectively. Prior earnings history is limited and not a good match with the fundamental guidelines of the fact-based investment system."
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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$62.49	+0.09 0.14%	$62.50	$62.83	-0.54%	37,314 109.75%	34,000
Most Recent Note for TRNS - 7/8/2021 12:47:28 PM Pulling back today after hitting a new all-time high on the prior session with a big volume-driven gain after an orderly consolidation. Reported earnings +27% on +7% sales revenues for the Mar '21 quarter versus the year ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria).
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TX - NYSE - METALS & MINING - Steel & Iron Ternium Sa Adr	$39.86	-1.46 -3.53%	$40.37	$41.63	-4.25%	559,162 61.11%	915,000
Most Recent Note for TX - 7/8/2021 12:50:01 PM Luxembourg-based Steel producer rebounded above its 50 DMA line with a streak of gains and challenged its 52-week high on the prior session. Reported very strong Mar '21 quarterly results versus the year ago period but fundamental concerns remain. Prior mid-day reports repeatedly cautioned members - "Reported strong Dec '20 quarterly earnings with +15% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines."
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