Mid-Day Breakouts Report - Friday, November 8th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, NOVEMBER 8TH, 2024
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DOW 43975.45 246.11 (0.56%) | NASDAQ 19268.58 -0.87 (0.00%) | S&P 500 5996.4 23.3 (0.39%)

Time of Screening : 11/8/2024 11:59:34 AM Report Released : 11/8/2024 12:41:28 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
ANET - NYSE - Computer-Networking Arista Networks, Inc	$404.56	-26.46 -6.14%	$417.93	$431.97	-6.35%	3,333,383 211.78%	1,574,000
Most Recent Note for ANET - 11/8/2024 12:03:36 PM Fundamentals have remained strong through the Sep '24 quarter. Gapped down retreating from its all-time high and undercutting [prior highs with today's big volume-driven loss. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. It was dropped from the Featured Stocks list on 4/17/24.
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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$555.77	+87.02 18.56%	$557.12	$471.00	18.00%	1,126,129 212.48%	530,000
Most Recent Note for AXON - 11/8/2024 12:05:34 PM Gapped up today rallying to a new all-time high with a considerable volume-driven gain, getting very extended from any sound base. Reported Sep '24 quarterly earnings +38% on +32% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 5/16/24.
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AZPN - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Aspen Technology Inc	$246.80	+0.83 0.34%	$247.90	$249.00	-0.89%	319,268 119.58%	267,000
Most Recent Note for AZPN - 11/8/2024 12:05:51 PM Perched at its 52-week high following 11/05/24 M&A news. Reported Sep '24 quarterly earnings -27% on -13% sales revenues versus the year ago period and fundamental concerns remain.
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FRHC - NASDAQ - Finance-Invest Bnk/Bkrs Freedom Holding Corp	$113.56	+3.02 2.73%	$114.40	$112.34	1.09%	97,931 130.57%	75,000
Most Recent Note for FRHC - 11/8/2024 12:12:38 PM Hitting another new all-time high with today's 4th consecutive volume-driven gain Reported Sep '24 quarterly earnings -3% on the +33% sales revenues versus the year-ago period, itis 2nd subpar quarter with earnings lower than the year-ago period. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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FTNT - NASDAQ - Computer Sftwr-Security Fortinet Inc	$90.09	+6.41 7.66%	$91.48	$83.83	7.47%	6,831,251 164.65%	4,149,000
Most Recent Note for FTNT - 11/8/2024 12:14:49 PM Reported Sep '24 quarterly earnings +54% on +13% sales revenues versus the year-ago period, its 3rd strong quarter after subpar Dec '23 results. Gapped up today powering for a big volume-driven gain and new all-time high, quickly getting extended from any sound base. It was dropped from the Featured Stocks list on 8/07/23 and went through a long consolidation.
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G - NYSE - DIVERSIFIED SERVICES - Business/Management Services Genpact Ltd	$46.39	+4.58 10.94%	$47.98	$42.32	9.61%	1,290,951 120.99%	1,067,000
Most Recent Note for G - 11/8/2024 12:16:57 PM Gapped up today rallying for new multi-year highs after finding support near its 50 DMA line ($39). Reported earnings +12% on 7% sales revenues for the Sep '24. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria).
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GMED - NYSE - CHEMICALS - Specialty Chemicals Globus Medical Inc Cl A	$80.99	-0.99 -1.20%	$81.16	$84.87	-4.58%	574,664 78.29%	734,000
Most Recent Note for GMED - 11/8/2024 12:17:46 PM Holding its ground near its 52-week high after a noted 11/06/24 gap up and big volume-driven gain. Reported earnings +46% on +63% sales revenues for the Sep '24 quarter but prior quarterly comparisons were subpar and fundamental concerns remain. It was dropped from the Featured Stocks list on 11/28/18.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$24.24	+0.14 0.58%	$24.65	$25.50	-4.94%	85,912 85.06%	101,000
Most Recent Note for IGIC - 11/8/2024 12:19:19 PM Perched near its 52-week high today following 3 consecutive volume-driven gains. Tested support near its 50 DMA line and prior highs in early August before rallying. Reported Sep '24 quarterly earnings +213% on +17% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Fundamental concerns remain for this Jordan-based specialty Insurance firm."
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LGND - NASDAQ - DRUGS - Drug Manufacturers - Other Ligand Pharmaceuticals	$120.72	-9.18 -7.07%	$127.26	$129.90	-7.07%	98,326 98.33%	100,000
Most Recent Note for LGND - 11/8/2024 12:20:13 PM Pulling back today after powering to a new 52-week high with 5 consecutive volume-driven gains. Reported earnings +80% on +58% sales revenues for the Sep '24 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Fundamental concerns remain because its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$19.94	+0.82 4.29%	$20.05	$19.12	4.29%	151,317 130.45%	116,000
Most Recent Note for LYTS - 11/8/2024 12:23:31 PM Rallied from its 50 DMA line and hitting another new 52-week high with today's 6th consecutive volume-driven gain. Reported Sep '24 quarterly earnings -19% on +12% sales revenues versus the year-ago period. Fundamental concerns remain. Quarterly comparisons have not shown strong and steady earnings increases versus the year ago periods above the +25% minimum guideline (C criteria).
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NBN - NASDAQ - BANKING - Regional - Northeast Banks Northeast Bancorp	$100.68	-1.62 -1.58%	$104.00	$105.44	-4.51%	31,681 77.27%	41,000
Most Recent Note for NBN - 11/8/2024 12:28:09 PM Hovering near its all-time high, very extended from near-term support at its 50 DMA line ($79). Reported Sep '24 quarterly earnings +5% on +14% sales revenues versus the year ago period. Prior quarterly comparisons were sub par.
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PRMW - NASDAQ - Beverages-Non-Alcoholic Primo Water Corp	$24.60	+0.16 0.65%	$26.02	$28.06	-12.33%	2,815,582 179.34%	1,570,000
Most Recent Note for PRMW - 11/8/2024 12:29:15 PM Pulled back from its all-time high, encountering distributional pressure and undercutting its 50 DMA line ($25) this week with volume-driven losses. Reported Sep '24 quarterly earnings +46% on +9% sales revenues versus the year ago period. Although the 3 latest quarterly comparisons were above the +25% minimum (C criteria) fundamental concerns remain due to subpar sales revenues growth and annual earnings (A criteria) history which has not been a great match with the fact-based investment system's fundamental guidelines. Completed a new Public Offering on 5/18/18.
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SN - NYSE - ENERGY - Independent Oil & Gas Sanchez Energy Corp	$101.62	+5.67 5.90%	$101.94	$112.93	-10.02%	1,183,221 76.73%	1,542,000
Most Recent Note for SN - 11/8/2024 12:35:25 PM Today's big volume-driven gain has it rebounding to its 50 DMA line ($103.78) which may act as resistance. Reported Sep '24 quarterly earnings +27% on +33% sales, and 3 of the 4 latest quarterly comparisons were well above the +25% minimum guideline (C criteria). Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23.
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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$123.00	-9.53 -7.19%	$123.22	$132.65	-7.27%	7,218,014 266.74%	2,706,000
Most Recent Note for TTD - 11/8/2024 12:37:16 PM Gapped down today but recovered from the early low. Hit a new 52-week high on the prior session with a 3rd consecutive gain backed by above average volume. Fundamental concerns remain. Reported Sep '24 quarterly earnings +39% on +26% sales revenues versus the year-ago period. Two of the 4 latest quarterly comparisons showed earnings increases above the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22.
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WLFC - NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services Willis Lease Financial	$201.90	-29.73 -12.84%	$230.53	$235.43	-14.24%	97,204 255.80%	38,000
Most Recent Note for WLFC - 11/8/2024 12:39:36 PM Thinly-traded aircraft equipment leasing firm is abruptly retreating from its all-time high with today's big volume-driven loss after getting very extended from any sound base. Reported earnings +58% on +38% sales revenues for the Sep '24 quarter, its 3rd strong quarterly comparison. Prior history is not a great match with the fact-based investment system's fundamental guidelines.
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WLFC - NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services Willis Lease Financial	$201.90	-29.73 -12.84%	$230.53	$235.43	-14.24%	97,204 255.80%	38,000
Most Recent Note for WLFC - 11/8/2024 12:39:40 PM Thinly-traded aircraft equipment leasing firm is abruptly retreating from its all-time high with today's big volume-driven loss after getting very extended from any sound base. Reported earnings +58% on +38% sales revenues for the Sep '24 quarter, its 3rd strong quarterly comparison. Prior history is not a great match with the fact-based investment system's fundamental guidelines.
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WPM - NYSE - Mining-Gold/Silver/Gems Wheaton Precious Metals	$64.72	+0.31 0.48%	$66.10	$68.64	-5.71%	1,305,799 83.01%	1,573,000
Most Recent Note for WPM - 11/8/2024 12:41:23 PM Consolidating near its 52-week high, above prior highs in the $63-64 area and its 50 DMA line which coincide defining important near-term support. Reported Sep '24 quarterly earnings +26% on +38% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down, not a match with the fact-based investment system's fundamental guidelines (A criteria).
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