Mid-Day Breakouts Report - Friday, July 28th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 28TH, 2023
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DOW 35504.23 221.51 (0.63%) | NASDAQ 14317.51 267.41 (1.90%) | S&P 500 4583.19 45.78 (1.01%)

Time of Screening : 7/28/2023 12:33:55 PM Report Released : 7/28/2023 1:12:12 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
ANET - NYSE Arista Networks, Inc	$151.88	-9.11 -5.66%	$157.18	3,970,320 121.23% of 50 DAV 50 DAV is 3,275,000	$178.36 -14.85%	5/30/2023	$176.35	PP = $171.54 MB = $180.12
Most Recent Note - 7/28/2023 12:38:55 PM G - Gapped down today violating its 50 DMA line ($160) triggering a technical sell signal with heavier volume behind its 3rd consecutive loss. A rebound above the 50 DMA line is needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 7/12/2023. 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	$59.12	+1.51 2.61%	$60.17	$60.17	-1.75%	592,493 81.95%	723,000
Most Recent Note for ALSN - 7/28/2023 12:36:31 PM Hitting a new 52-week high with today's gain, extended from any sound base. Reported earnings +52% for the Jun '23 quarter versus the year-ago period, its 5th consecutive quarter with an earnings increase above 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 94th on the 197 Industry Groups list.
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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$13.22	+0.28 2.16%	$13.67	$13.74	-3.78%	34,736 151.03%	23,000
Most Recent Note for BWMX - 7/28/2023 12:39:53 PM Consolidating above its 50 DMA line and perched near its 52-week high. Reported Jun '23 quarterly earnings +5% versus the year ago period and fundamental concerns remain.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$20.57	+2.56 14.19%	$21.41	$20.66	-0.46%	3,443,277 384.29%	896,000
Most Recent Note for CLS - 7/28/2023 12:42:39 PM Gapped up hitting a new 52-week high with today's 2nd considerable volume-driven gain, extended from any sound base. Reported earnings +25% on +13% sales revenues for the Jun '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19 following a multi-year downturn which raised concerns with regard to the fact-based investment system's strict guidelines.
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DECK - NYSE - Apparel-Clothing Mfg Deckers Outdoor Corp	$541.26	+4.24 0.79%	$542.14	$562.97	-3.86%	424,698 86.50%	491,000
Most Recent Note for DECK - 7/28/2023 12:46:44 PM Managed a "positive reversal" today after pulling back near its 50 DMA line ($509) and it remains perched near its all-time high. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. The 3 latest quarterly comparisons through Jun '23 were above the +25% minimum earnings guideline (C criteria).
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DXCM - NASDAQ - Medical-Systems/Equip Dexcom Inc	$134.18	+4.82 3.73%	$139.55	$139.55	-3.85%	2,236,893 82.51%	2,711,000
Most Recent Note for DXCM - 7/28/2023 12:48:34 PM Perched at its 52-week high with today's gap up gain. Faces resistance due to overhead supply up to the $164 level. Reported strong Sep, Dec '22, Mar and Jun '23 quarterly results versus the year-ago periods. Annual earnings history had a downturn in FY '21.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$9.31	+0.31 3.44%	$9.50	$9.50	-2.00%	353,456 609.41%	58,000
Most Recent Note for IGIC - 7/28/2023 12:50:39 PM Gapped up today. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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INMD - NASDAQ - Medical-Systems/Equip Inmode Ltd	$42.91	-1.15 -2.61%	$44.78	$48.25	-11.07%	1,358,990 86.45%	1,572,000
Most Recent Note for INMD - 7/28/2023 12:51:53 PM There was a "negative reversal" on the prior session after hitting another new 52-week high. The prior mid-day report noted - "Resistance remains due to overhead supply up to the $99 level. Reported Jun '23 quarterly earnings +22% versus the year ago period, below the fact-based investment system's +25% minimum earnings guideline (C criteria). A 2:1 split impacted share price on 10/02/21. This Israel-based Medical - Systems/Equipment firm completed its $14 IPO on 8/08/19."
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JOE - NYSE - REAL ESTATE - Property Management/Developmen St Joe Company	$64.65	+0.09 0.13%	$65.99	$65.99	-2.04%	196,482 100.25%	196,000
Most Recent Note for JOE - 7/28/2023 12:54:25 PM Spiked to a new 52-week high with a gap up and impressive volume-driven gain on the prior session. Reported very strong Jun '23 quarterly results versus the year ago period but fundamental concerns remain. Annual earnings (A criteria) history included a downturn in FY '19 and FY '22, not a match with the fact-based investment system's fundamental guidelines.
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KLAC - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate K L A Tencor Corp	$509.25	+26.90 5.58%	$511.08	$503.96	1.05%	845,184 78.55%	1,076,000
Most Recent Note for KLAC - 7/28/2023 12:56:07 PM Hitting a new all-time high with today's 2nd consecutive volume-driven gain. Reported earnings -7% on -5% sales revenues for the Jun '23 quarter versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong and steady since a downturn in FY '15.
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LII - NYSE - CONSUMER DURABLES - Appliances Lennox International Inc	$361.97	+5.51 1.55%	$370.28	$368.96	-1.89%	256,680 84.71%	303,000
Most Recent Note for LII - 7/28/2023 12:57:44 PM Hitting a new all-time high with today's 5th volume-driven gain. Reported +22% earnings for the Jun '23 quarter versus the year-ago period and prior quarterly comparisons were subpar.
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$148.61	+10.21 7.38%	$152.55	$148.74	-0.09%	370,473 98.01%	378,000
Most Recent Note for MTH - 7/28/2023 12:59:53 PM Hitting a new high with today's big volume-driven gain. Its 50 DMA line ($132.79) defines near-term support to watch. Reported Jun '23 quarterly earnings -26% on +11% sales revenues versus the year-ago period, its 2nd quarter of earnings lower than the year ago-period. The Dec '22 quarter was noted for breaking a long streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria).
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$24.85	-0.01 -0.02%	$25.32	$26.30	-5.53%	116,674 176.78%	66,000
Most Recent Note for NOA - 7/28/2023 1:02:45 PM Patient investors way watch for a new base or secondary buy point to possibly develop an dbe noted in the weeks ahead. There was a "breakaway gap" as it spiked to a new high on the prior session after reporting Jun '23 quarterly earnings +176% on +15% sales revenues versus the year ago period. Reported strong Sep, Dec '22, and Mar '23 quarterly results versus the year-ago periods, helping it better match the fact-based investment system's fundamental guidelines.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$53.37	+1.04 1.98%	$55.23	$55.61	-4.04%	1,014,534 87.69%	1,157,000
Most Recent Note for NVT - 7/28/2023 1:03:42 PM Perched near its all-time high, extended from any sound base. Earnings increases in the Sep, Dec '22, Mar and Jun '23 quarters versus the year-ago periods were above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show a deceleration in its sales revenues growth rate.
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NYCB - NYSE - Finance-Savings & Loan New York Community Bncrp	$13.54	+0.53 4.04%	$14.22	$14.22	-4.82%	8,728,678 82.53%	10,576,000
Most Recent Note for NYCB - 7/28/2023 1:04:25 PM Hitting a new 52-week high, extended from any sound base. Fundamental concerns remain.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$20.54	+0.74 3.71%	$20.65	$20.47	0.32%	5,109,831 126.42%	4,042,000
Most Recent Note for STLA - 7/28/2023 1:04:57 PM Reported Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago period. Gapped up today for a 5th consecutive volume-driven gain and another new 52-week high. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$53.47	-0.76 -1.40%	$53.93	$55.85	-4.26%	2,823,878 83.06%	3,400,000
Most Recent Note for STM - 7/28/2023 1:06:38 PM Hit a new all-time high on the prior session. This Switzerland-based manufacturer of Semiconductor products reported earnings +15% on +13% sales revenues for the Jun '23 quarter versus the year-ago period, breaking a streak of 10 consecutive quarterly earnings comparisons above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '19.
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TAP - NYSE - Beverages-Alcoholic Molson Coors Brewing B	$70.50	+1.24 1.79%	$70.89	$70.90	-0.56%	1,759,338 79.93%	2,201,000
Most Recent Note for TAP - 7/28/2023 1:07:18 PM Perched at its 52-week high. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system.
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TBBK - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Bancorp Inc	$38.99	-0.07 -0.18%	$40.10	$41.52	-6.09%	288,402 76.10%	379,000
Most Recent Note for TBBK - 7/28/2023 1:10:27 PM There was a "negative reversal" on the prior session after hitting a new all-time high. The 3 latest quarterly comparisons through Jun '23 had earnings increases above the +25% minimum guideline (C criteria) versus the year ago period. Annual earnings history has been strong. Patient investors may watch for a new base or secondary buy point to possible develop and be noted in the weeks ahead.
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