Mid-Day Breakouts Report - Wednesday, July 17th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 17TH, 2024
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DOW 41088.45 133.97 (0.33%) | NASDAQ 18061.24 -448.1 (-2.42%) | S&P 500 5600.14 -67.06 (-1.18%)

Time of Screening : 7/17/2024 11:46:40 AM Report Released : 7/17/2024 12:42:39 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
CLS - NYSE Celestica Inc	$59.12	-4.15 -6.56%	$61.50	1,502,881 71.29% of 50 DAV 50 DAV is 2,108,000	$63.49 -6.88%	7/6/2024	$57.62	PP = $61.16 MB = $64.22
Most Recent Note - 7/17/2024 11:58:45 AM Y - Pulling back today after quietly touching a new all-time high on the prior session. Repeatedly noted - "A gain backed by at least +40% above average volume and a close above the new pivot point cited based on its 5/28/24 high plus 10 cents may trigger a proper technical buy signal. Important support is at its 50 DMA line ($54.60)." >>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2024. Click here.
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DDOG - NASDAQ Datadog Inc	$122.46	-8.31 -6.35%	$125.07	3,102,771 74.64% of 50 DAV 50 DAV is 4,156,800	$138.61 -11.65%	7/9/2024	$126.92	PP = $138.71 MB = $145.65
Most Recent Note - 7/17/2024 12:00:08 PM Y - Gapped down today testing its 50 DMA line ($120.75) after 4 consecutive gains backed by below-average volume. More damaging losses would raise concerns. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/9/2024. Click here.
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NVO - NYSE Novo Nordisk A/S Adr	$135.00	-5.87 -4.17%	$136.62	2,776,771 76.16% of 50 DAV 50 DAV is 3,646,000	$148.15 -8.88%	6/7/2024	$143.06	PP = $138.38 MB = $145.30
Most Recent Note - 7/17/2024 12:24:57 PM G - Color code is changed to green after gapping down today undercutting prior highs in the $138 area and violating its 50 DMA line ($138.08) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALSN - NYSE - Auto/Truck-Original Eqp Allison Transmission Hld	$83.32	+0.20 0.24%	$83.73	$83.42	-0.12%	399,916 74.47%	537,000
Most Recent Note for ALSN - 7/17/2024 11:48:17 AM Hit new 52-week and all-time highs with today's 6th consecutive gain backed by ever-increasing volume. Reported earnings +10% on +6% sales revenues for the Mar '24 quarter versus the year-ago period, and 2 of the 3 latest quarters had earnings increases below the +25% minimum guideline (C criteria). Downturn in FY '20 annual earnings (A criteria) was noted as a concern regarding the fact-based investment system's strict fundamental guidelines. It hails from the Auto/Truck - Original Equipment industry group which is ranked 102nd on the 197 Industry Groups list.
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AMAT - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Applied Materials Inc	$229.16	-16.68 -6.78%	$233.32	$255.89	-10.45%	3,153,087 62.55%	5,041,000
Most Recent Note for AMAT - 7/17/2024 11:49:41 AM Gapped down today testing its 50 DMA line ($227) after recently wedging to new highs with gains lacking great volume conviction. Reported Apr '24 quarterly earnings +5% on +0% sales revenues versus the year ago, its 9th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 830.9 million shares outstanding (S criteria) and as of Mar '24 it is owned by 4,420 top-rated mutual funds (I criteria).
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APH - NYSE - ELECTRONICS - Diversified Electronics Amphenol Corp Cl A	$66.17	-4.24 -6.02%	$69.51	$70.84	-6.59%	4,518,186 64.93%	6,959,000
Most Recent Note for APH - 7/17/2024 11:51:09 AM Abruptly reatreating from its all-time high and violating its 50 DMA line ($67) with today's big volume-driven loss. 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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ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$952.75	-115.44 -10.81%	$979.99	$1,110.09	-14.17%	2,620,114 277.55%	944,000
Most Recent Note for ASML - 7/17/2024 11:53:51 AM Gapped down today abruptly retreating from near its all-time high and violating its 50 DMA line ($1,000) with a damaging volume-driven loss. Noted in prior mid-day reports with caution - "Reported Mar '24 quarterly earnings -37% on -22% sales revenues versus the year ago period. Prior quarterly earnings increases were noted as below the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21."
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CFB - NASDAQ - Banks-Midwest Crossfirst Bankshares	$17.74	+0.28 1.58%	$18.13	$17.62	0.66%	188,022 72.32%	260,000
Most Recent Note for CFB - 7/17/2024 11:57:38 AM Hitting a new 52-week high with today's 7th consecutive volume-driven gain. Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria).
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ESQ - NASDAQ - Finance-Commercial Loans Esquire Financial Holdings	$56.55	-0.10 -0.17%	$57.00	$57.22	-1.18%	18,041 66.82%	27,000
Most Recent Note for ESQ - 7/17/2024 12:01:22 PM Perched at its 52-week high after a streak of 7 gains backed by ever-increasing volume. It was dropped from the Featured Stocks list on 9/21/23. Fundamentals have been subpar in the Sep, Dec '23, and Mar '24 quarters.
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FSBW - NASDAQ - Banks-West/Southwest F S Bancorp	$40.90	+0.07 0.17%	$41.33	$40.92	-0.05%	20,788 122.28%	17,000
Most Recent Note for FSBW - 7/17/2024 12:01:56 PM Hitting new 52-week and all-time highs with today's 8th consecutive gain. Reported Mar '24 quarterly earnings +2% on -1% sales revenues versus the year ago period and fundamental concerns remain. A 2:1 stock split impacted share prices as of 7/15/21.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$10.63	-0.35 -3.14%	$10.96	$11.04	-3.76%	3,009,097 77.08%	3,904,000
Most Recent Note for HMY - 7/17/2024 12:02:35 PM Pulling back today after powering to new multi-year highs with a gap up and considerable volume-driven gain on the prior session. 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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HTBI - NASDAQ - BANKING - Regional - Southeast Banks Hometrust Bancshares Inc	$35.07	-0.06 -0.17%	$35.77	$35.61	-1.52%	29,671 72.37%	41,000
Most Recent Note for HTBI - 7/17/2024 12:03:28 PM Today's 8th consecutive gain has it perched at a new 52-week high. Quarterly comparisons through Jun '24 were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$121.58	-2.08 -1.68%	$122.87	$129.19	-5.89%	1,436,669 177.15%	811,000
Most Recent Note for IBKR - 7/17/2024 12:06:32 PM Gapped down today and undercut the prior low ($118.15 on 6/21/24) then recovered to near its 50 DMA line ($123.39) which may act as resistance. Reported Jun '24 quarterly earnings +33% on +23% sales revenues versus the year-ago period, an improvement after 2 quarterly comparisons below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
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IMMR - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Immersion Corporation	$12.31	+0.13 1.05%	$13.32	$12.32	-0.10%	821,350 128.94%	637,000
Most Recent Note for IMMR - 7/17/2024 12:07:29 PM Hit a new 52-week high today then reversed into the red following 5 consecutive volume-driven gains. Found support above its 50 DMA line ($9.79) during its consolidation since a noted "negative reversal" on 6/18/24. Reported Mar '24 quarterly earnings +117% on +520% sales revenues versus the year-ago period. Prior quarterly earnings history has been erratic with minuscule sales revenues. Annual earnings growth has been strong.
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KEQU - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Kewaunee Scientific Corp	$51.18	-0.80 -1.53%	$52.14	$52.80	-3.08%	36,734 174.92%	21,000
Most Recent Note for KEQU - 7/17/2024 12:08:54 PM Powered to a new all-time high with a big volume-driven gain when noted in the 7/15/24 mid-day report - "Extended from any sound base. Reported strong earnings increases in recent quarters through Apr '24. Subpar sales revenues growth and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$914.74	-26.87 -2.85%	$925.00	$966.10	-5.32%	1,797,917 67.36%	2,669,000
Most Recent Note for LLY - 7/17/2024 12:10:29 PM Extended from any sound base and pulling back after hitting new all-time highs. Reported Mar '24 quarterly earnings +59% on +26% sales revenues versus the year-ago period. Fundamental concerns remain as the 2 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It has made impressive price progress since dropped from the Featured Stocks list on 8/11/22.
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LRCX - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Lam Research Corp	$1,001.44	-74.55 -6.93%	$1,019.15	$1,130.00	-11.38%	672,917 76.38%	881,000
Most Recent Note for LRCX - 7/17/2024 12:12:17 PM Gapped down today retreating from its all-time high and violating its 50 DMA line ($1,002) with a volume-drriven loss . This widely held Electronics - Semiconductor Equipment firm's quarterly comparisons through Mar '24 were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong after a noted downturn in FY '19.
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MMYT - NASDAQ - Leisure-Travel Booking Makemytrip Ltd	$84.37	-1.66 -1.93%	$85.17	$93.29	-9.56%	551,060 74.87%	736,000
Most Recent Note for MMYT - 7/17/2024 12:16:11 PM Pulling back after hovering near its all-time high with today's 2nd consecutive volume-driven loss testing its 50 DMA line ($81.25), stalling after rising from a noted "late stage" base. Through Mar '24 its quarterly earnings growth has been strong and well above the +25% minimum guideline (C criteria). After years of steadily shrinking losses it has shown great earnings growth in FY '22 and '23.
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NBN - NASDAQ - BANKING - Regional - Northeast Banks Northeast Bancorp	$68.59	-0.35 -0.50%	$69.50	$69.16	-0.83%	20,117 74.51%	27,000
Most Recent Note for NBN - 7/17/2024 12:17:51 PM Rallied to new all-time highs with 7 consecutive volume-driven gains. Reported Mar '24 quarterly earnings +8% on +14% sales revenues versus the year ago period. Prior quarterly comparisons were sub par.
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NVMI - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Nova Ltd	$220.00	-21.71 -8.98%	$233.30	$247.21	-11.01%	166,912 93.77%	178,000
Most Recent Note for NVMI - 7/17/2024 12:21:27 PM Pulling back from its all-time high and undercutting its 50 DMA line ($220) with today's big volume-driven loss. Reported improved Mar '24 quarterly earnings +13% on +7% sales revenues versus the year-ago period, its 7th quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down. This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report.
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NXPI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Nxp Semiconductors N V	$292.28	+1.50 0.52%	$296.08	$291.47	0.28%	1,149,910 68.45%	1,680,000
Most Recent Note for NXPI - 7/17/2024 12:26:37 PM Reversed into the red after hitting a new 52-week high with today's early gain following 3 consecutive gains backed by below average volume. Fundamental concerns remain after it reported Mar '24 quarterly earnings +2% on +0% sales revenues versus the year-ago period.
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ONTO - NYSE - ELECTRONICS - Semiconductor Equipment Onto Innovation Inc	$216.43	-21.61 -9.08%	$229.76	$238.93	-9.42%	380,158 58.31%	652,000
Most Recent Note for ONTO - 7/17/2024 12:28:05 PM Violating its 50 DMA line ($223) with today's gap down and big volume-driven loss after just touching a new all-time high on the prior session. Reported Mar '24 quarterly earnings +28% on +15% sales revenues versus the year ago period. Prior quarterly comparisons were lower than the year-ago periodss, well below the +25% minimum earnings guideline (C criteria). Annual earnings history had a downturn in FY '23.
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TBBK - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Bancorp Inc	$48.97	+0.81 1.68%	$50.36	$48.21	1.58%	385,063 72.52%	531,000
Most Recent Note for TBBK - 7/17/2024 12:32:10 PM Hitting a new all-time high with today's 20th gain in the span of 21 sessions. Reported Mar '24 quarterly earnings +20% on +8% sales revenues versus the year-ago period, breaking a streak of 5 quarterly earnings increases above the +25% minimum guideline (C criteria). It was dropped from the Featured Stocks list on 4/05/24 and went through a deep consolidation below its 200 DMA line.
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$175.69	-10.35 -5.56%	$176.58	$193.47	-9.19%	21,222,436 145.35%	14,601,000
Most Recent Note for TSM - 7/17/2024 12:37:06 PM Gapped down today retreating from its all-time high, extended from any sound base. Prior mid-day reports noted - "Stubbornly holding its ground in recent weeks and making steady progress above prior highs in the $158-160 area. Reported Mar '24 quarterly earnings +4% on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23, breaking a streak of strong and steady growth. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter."
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WAL - NYSE - BANKING - Regional - Pacific Banks Western Alliance Bancorp	$73.83	+0.12 0.16%	$74.63	$73.77	0.07%	529,895 61.33%	864,000
Most Recent Note for WAL - 7/17/2024 12:42:29 PM Perched at its 52-week high today following 6 consecutive gains after finding support at its 50 DMA line last week. Reported Mar '24 quarterly earnings +34% on +32% sales revenues versus the year ago period. Its 4 prior quarterly comparisons were down from the year-ago periods, above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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