Mid-Day Breakouts Report - Friday, August 11th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 11TH, 2023
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DOW 35284.76 108.61 (0.31%) | NASDAQ 13655.18 -82.81 (-0.60%) | S&P 500 4463.08 -5.75 (-0.13%)

Time of Screening : 8/11/2023 12:28:31 PM Report Released : 8/11/2023 1:19:13 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

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
AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$209.06	+4.94 2.42%	$210.81	$229.95	-9.08%	591,517 71.01%	833,000
Most Recent Note for AXON - 8/11/2023 12:30:06 PM Gapped up on 8/09/23 and on track for a 3rd consecutive volume-driven gain today after rebounding above its 50 and 200 DMA lines. Faces resistance due to overhead supply up to the $229 level. Reported Jun '23 quarterly earnings +152% on +31% sales revenues versus the year-ago period, its 3rd strong quarter. Annual earnings had a downturn in FY '22 after years of strong growth. Went through a deep consolidation then rebounded since dropped from the Featured Stocks list on 3/04/21.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.91	+0.03 0.36%	$7.91	$8.14	-2.84%	1,506,273 141.17%	1,067,000
Most Recent Note for BBVA - 8/11/2023 12:36:59 PM Consolidating above its 50 DMA line ($7.56) and perched within close striking distance of its 52-week high. Reported strong Mar and Jun '23 quarterly results versus the year-ago periods, but fundamental concerns remain for this Spanish banking firm.
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BUR - NASDAQ - Food-Grain & Related Burcon Nutrascience Corp	$13.90	-0.48 -3.34%	$14.09	$14.50	-4.14%	777,425 145.04%	536,000
Most Recent Note for BUR - 8/11/2023 12:38:24 PM Gapped down today slumping back below the prior highs after hitting a new 52-week high with a volume-driven gain on the prior session clearing a 12-week base. Noted with caution in prior mid-day reports - "Recent quarterly comparisons through Mar '23 showed strong sales revenues and earnings increases versus the year ago periods. Annual earnings history (A criteria) has not been strong and steady."
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$5.38	-0.20 -3.58%	$5.62	$5.90	-8.81%	241,611 67.68%	357,000
Most Recent Note for GASS - 8/11/2023 12:43:30 PM Reversed into the red after hitting new multi-year highs when the 8/09/23 mid-day report last cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$71.17	+1.56 2.24%	$71.36	$82.48	-13.71%	46,285 178.02%	26,000
Most Recent Note for GRVY - 8/11/2023 12:45:22 PM This Korean Computer Software firm managed a "positive reversal" from early lows today, rebounding above its 50 DMA line ($70.53) which was undercut on the prior session. Faces resistance due to overhead supply up to the $116 level. Reported very strong Dec '22, Mar and Jun '23 results but prior quarterly comparisons showed waning and sub-par sales revenues with lower earnings versus the year-ago periods.
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HRTG - NYSE - Insurance-Prop/Cas/Titl Heritage Insurance Holdings, Inc	$5.14	-0.14 -2.65%	$5.34	$5.33	-3.56%	110,353 95.96%	115,000
Most Recent Note for HRTG - 8/11/2023 12:48:37 PM Reported strong earnings increases for the Mar and Jun '23 versus the year-ago periods. Prior quarterly sales revenues growth was lackluster and earnings increases were below the +25% minimum guideline (C criteria). Its poor annual earnings (A criteria) history is a concern with respect to the fact-based investment system's guidelines.
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HWKN - NASDAQ - CHEMICALS - Basic Chemicals Hawkins Inc	$52.86	+1.90 3.73%	$54.96	$53.00	-0.26%	71,142 93.61%	76,000
Most Recent Note for HWKN - 8/11/2023 12:51:07 PM Powering to a new all-time high with today's big volume-driven gain. The 3 latest quarterly earnings comparisons through Jun '23 versus the year-ago periods were below the +25% minimum guideline (C criteria). Went through a choppy consolidation above and below its 200 DMA line since dropped from the Featured Stocks list on 4/08/22.
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ING - NYSE - INSURANCE - Life Insurance I N G Group Nv Adr	$14.36	-0.14 -0.96%	$14.36	$15.00	-4.30%	1,790,272 70.40%	2,543,000
Most Recent Note for ING - 8/11/2023 12:52:24 PM Pulling back from its 52-week high with today's gap down. Recently rose from support at its 50 DMA line ($13.81). Reported Jun '23 quarterly earnings +100% on +28% sales revenues versus the year ago period, its 2nd strong quarterly comparison versus the year-ago period.
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MNSO - NYSE - RETAIL - Discount, Variety Stores Miniso Group Hldg Cl A	$18.97	-1.23 -6.09%	$19.65	$21.56	-12.01%	794,387 71.63%	1,109,000
Most Recent Note for MNSO - 8/11/2023 12:58:13 PM Gapped down today retreating from its 52-week high, slumping below prior highs and toward its 50 DMA line ($18.22). Last noted with caution in the 7/25/23 mid-day report - "Reported Mar '23 quarterly earnings +290% on +16% sales revenues versus the year-ago period. Prior quarterly comparisons showed strong earnings increases but with sales revenues waning. Annual earnings had a downturn in FY '20."
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NATR - NASDAQ - DRUGS - Drug Related Products Natures Sunshine Prod	$16.07	+0.93 6.14%	$16.33	$15.79	1.77%	43,192 143.97%	30,000
Most Recent Note for NATR - 8/11/2023 1:04:45 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain after consolidating above its 50 DMA line ($13.37) building an orderly base. Faces resistance due to overhead supply up to the $19 level. Erratic quarterly and annual earnings history (C and A criteria) leaves fundamental concerns.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$182.83	+0.74 0.40%	$183.65	$192.18	-4.87%	1,294,078 88.51%	1,462,000
Most Recent Note for NVO - 8/11/2023 1:06:27 PM This Denmark-based Medical - Ethical Drugs firm is pulling back for a 3rd volume-driven loss today, consolidating after a considerable gap up on 8/08/23 hitting a new all-time high. Due to report Jun '23 quarterly results. Noted in prior mid-day reports - "Reported Mar '23 quarterly earnings +38% on +24% sales revenues versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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ONTO - NYSE - ELECTRONICS - Semiconductor Equipment Onto Innovation Inc	$110.69	-2.50 -2.20%	$111.93	$126.64	-12.60%	391,051 109.85%	356,000
Most Recent Note for ONTO - 8/11/2023 1:11:22 PM Pulling back below its 50 DMA line ($111.90) with above average volume behind today's 4th consecutive loss, retreating from its all-time high hit last week. Last noted with caution in the 6/14/23 mid-day report - "Reported Mar '23 quarterly earnings -30% on -17% sales revenues versus the year ago period, breaking a streak of strong quarterly comparisons very strong, well above the +25% minimum earnings guideline (C criteria)." Annual earnings history has been mostly strong but included a noted downturn in FY '19.
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PAM - NYSE - TRANSPORTATION - Trucking Pampa Energia Sa Adr	$44.12	+1.22 2.84%	$44.70	$45.63	-3.31%	183,419 104.22%	176,000
Most Recent Note for PAM - 8/11/2023 1:12:56 PM Perched within striking distance of its 52-week high with today's 6th consecutive volume-driven gain after finding prompt support near its 50 DMA line ($41.76). This Argentine utility firm's quarterly and annual earnings (C and A criteria) history has been erratic.
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.83	-0.09 -1.30%	$7.02	$7.07	-3.39%	329,848 85.90%	384,000
Most Recent Note for PNNT - 8/11/2023 1:14:53 PM Reported strong Mar and Jun '23 quarterly results versus the year ago periods. 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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RWAY - NASDAQ - Finance-Commercial Loans Runway Growth Finance	$13.46	-0.02 -0.15%	$13.63	$13.97	-3.65%	111,177 113.45%	98,000
Most Recent Note for RWAY - 8/11/2023 1:15:40 PM On track today for a 5th consecutive volume-driven gain. The prior mid-day report noted - "Met stubborn resistance in the $14 area in recent years. Reported strong Sep, Dec '22, Mar and Jun '23 quarterly results above the +25% minimum earnings guideline (C criteria) versus the year-ago periods. This VC firm has a limited history since its 10/21/21 IPO at $14.63."
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STLA - NYSE - Auto Manufacturers Stallantis NV	$18.44	-0.33 -1.77%	$18.59	$20.71	-10.97%	5,371,776 116.78%	4,600,000
Most Recent Note for STLA - 8/11/2023 1:16:28 PM Reported Jun '23 quarterly earnings +42% on +16% sales revenues versus the year ago period. Down today for its 8th volume-driven loss in the span of 9 sessions while retreating from its 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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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$66.55	+1.33 2.04%	$67.03	$69.02	-3.58%	78,085 116.54%	67,000
Most Recent Note for STN - 8/11/2023 1:18:18 PM Found prompt support after undercutting its 50 DMA line ($65) on the prior session. Slumped from near its all-time high after recently wedging higher. The prior mid-day report noted - "Fundamental concerns remain. Reported Jun '23 quarterly earnings +19% on +15% sales revenues versus the year-ago period. Three of the past 4 quarterly comparisons showed earnings increases below the fact-based investment system's +25% minimum guidelines (C criteria). Annual earnings (A criteria) growth has been strong."
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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$16.43	-1.07 -6.11%	$17.06	$19.13	-14.11%	3,195,775 80.24%	3,983,000
Most Recent Note for VIPS - 8/11/2023 1:19:07 PM Gapped down today violating its 50 DMA line ($17.02). Reported earnings +55% on +1% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria) but with waning and subpar sales revenues growth remaining a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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