Mid-Day Breakouts Report - Friday, August 23rd, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 23RD, 2024
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DOW 40981.98 269.2 (0.66%) | NASDAQ 17761.59 142.24 (0.81%) | S&P 500 5603.62 32.98 (0.59%)

Time of Screening : 8/23/2024 1:23:44 PM Report Released : 8/23/2024 1:45:10 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

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
ESQ - NASDAQ - Finance-Commercial Loans Esquire Financial Holdings	$60.78	+2.34 4.00%	$62.11	$62.50	-2.75%	27,350 78.14%	35,000
Most Recent Note for ESQ - 8/23/2024 1:25:04 PM Challenging its 52-week high with today's gap up and 3rd consecutive gain 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, Mar and Jun '24 quarters.
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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$44.80	+2.18 5.11%	$45.11	$47.23	-5.15%	13,691 80.54%	17,000
Most Recent Note for FBIZ - 8/23/2024 1:26:16 PM Rebounding toward its all-time high with today's big gain after finding support near prior highs while consolidating in recent weeks. Reported earnings +26% on +8% sales revenues for the Jun '24 quarter versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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FLXS - NASDAQ - CONSUMER DURABLES - Home Furnishings & Fixtures Flexsteel Industries Inc	$41.14	-0.06 -0.15%	$42.74	$42.00	-2.05%	64,966 154.68%	42,000
Most Recent Note for FLXS - 8/23/2024 1:26:53 PM Reported +108% earnings on +5% sales for the Jun '24 quarter but fundamental concerns remain. Quarterly and annual earnings and sales revenues growth history is not a match with the fact-based investment system guidelines.
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FRBA - NASDAQ - Banks-Northeast First Bank NJ	$15.45	+0.59 3.97%	$15.66	$15.70	-1.59%	49,212 83.41%	59,000
Most Recent Note for FRBA - 8/23/2024 1:28:31 PM Challenging its 52-week high with today's volume-driven gain. Last noted with caution in the 7/25/24 mid-day report cautioned members - <i>"Reported Jun '24 quarterly earnings +22% on +34% sales revenues versus the year ago period, its 2nd strong quarter. Prior 4 quarterly earnings comparisons were down versus the year ago periods, well below the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."</i>
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FUNC - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First United Corp	$28.90	+0.80 2.85%	$28.90	$28.86	0.14%	26,240 131.20%	20,000
Most Recent Note for FUNC - 8/23/2024 1:29:13 PM Hit a new 52-week high today. Held its ground following an impressive spurt of gains. Reported earnings +14% on +7% sales revenues for the Jun '24 quarter. Fundamental concerns remain. Prior quarterly and annual earnings and its sub par sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines (C and A criteria).
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$10.30	-0.24 -2.23%	$10.58	$11.37	-9.45%	4,308,819 106.44%	4,048,000
Most Recent Note for HMY - 8/23/2024 1:30:22 PM Pulling back with higher volume behind today's 3rd consecutive loss after powering to new multi-year highs with volume-driven gains. 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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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$230.70	-7.60 -3.19%	$238.00	$240.34	-4.01%	96,914 114.02%	85,000
Most Recent Note for HOV - 8/23/2024 1:31:49 PM Pulling back today after spiking to new multi-year highs with a 4th consecutive gain backed by ever-increasing volume. Found support well above its 50 DMA line ($173.45) in recent weeks while consolidating. Reported improved earnings in the Oct '23, Jan, Apr, and Jul '24 quarters versus the year ago periods. Fundamental concerns remain, as subpar sales revenues growth plus prior quarterly and annual earnings history (C and A criteria) are not a great match with the fact-based investment system's guidelines.
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IX - NYSE - FINANCIAL SERVICES - Credit Services Orix Corp Ads	$123.24	+5.48 4.65%	$123.59	$120.99	1.86%	41,430 276.20%	15,000
Most Recent Note for IX - 8/23/2024 1:33:02 PM Gapped up today hitting a new 52-week high with a volume-driven gain. Concerns remain as noted in prior mid-day reports - "Fundamentals fall short of the C and A criteria of the fact-based investment system."
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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$47.47	+2.77 6.20%	$47.94	$53.27	-10.89%	274,662 120.47%	228,000
Most Recent Note for MBIN - 8/23/2024 1:36:06 PM Rebounding well above its 50 DMA line ($43.22) with today's volume driven gain. Reported earnings +48% on +18% sales revenues for the Jun '24 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '22. Completed $16 IPO on 10/27/17.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$51.85	+0.19 0.37%	$52.17	$55.09	-5.88%	165,825 92.64%	179,000
Most Recent Note for NMM - 8/23/2024 1:36:35 PM Consolidating after a considerable gap up on 8/20/24 rebounding above its 50 DMA line to hit a new 52-week high. Quarterly comparisons through Jun '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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SPFI - NASDAQ - Banks-West/Southwest South Plains Financial	$34.34	+1.46 4.44%	$34.90	$33.85	1.45%	46,909 101.98%	46,000
Most Recent Note for SPFI - 8/23/2024 1:37:14 PM Rallying to a new all-time high with today's big 3rd consecutive volume-driven gain. Reported Jun '24 quarterly earnings +187% on -41% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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TOL - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Toll Brothers Inc	$147.19	+5.92 4.19%	$148.64	$146.75	0.30%	1,503,974 102.80%	1,463,000
Most Recent Note for TOL - 8/23/2024 1:40:06 PM Hitting a new all-time high with today's 3rd consecutive volume-driven gain after consolidating above its 50 DMA line. The 8/21/24 mid-day report cautioned members - <i>"Reported Jul '24 quarterly earnings -3% on +1% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were below the +25% minimum guideline (C crieria). Annual earnings (A criteria) had a downturn in FY '19 and '20."</i>
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$402.77	+19.20 5.01%	$405.37	$431.03	-6.56%	339,150 79.24%	428,000
Most Recent Note for WING - 8/23/2024 1:43:48 PM Some overhead supply remains up to the $431 area, yet today's volume-driven gain has it rebounding above its 50 DMA line ($389) which recently acted as resistance. Reported Jun '24 quarterly earnings +63% on +45% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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WLDN - NASDAQ - Bldg-Heavy Construction Willdan Group Inc	$39.35	+3.03 8.34%	$39.49	$38.50	2.21%	251,639 228.76%	110,000
Most Recent Note for WLDN - 8/23/2024 1:44:18 PM Hitting yet another new 52-week high with today's big volume-driven gain. Stubbornly held its ground after a gap up on 8/02/24. Reported +112% earnings on +18% sales revenues for the Jun '24 quarter but fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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