Mid-Day Breakouts Report - Friday, December 15th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, DECEMBER 15TH, 2023
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DOW 37273.82 25.47 (0.07%) | NASDAQ 14826.79 65.92 (0.45%) | S&P 500 4720.15 0.6 (0.01%)

Time of Screening : 12/15/2023 12:05:58 PM Report Released : 12/15/2023 12:56:09 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 100% 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
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$1,144.74	+38.25 3.46%	$1,149.88	$1,121.46	2.08%	3,697,362 117.15%	3,156,000
Most Recent Note for AVGO - 12/15/2023 12:12:36 PM Found support above its 50 DMA line ($924) and rallied to new all-time highs with today's 7th consecutive volume-driven gain. Reported earnings +6% on +4% sales revenues for the Oct '23 quarter versus the year ago period, its 4th subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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BAM - NYSE - FINANCIAL SERVICES - Asset Management Brookfield Asset Mgmt A	$38.63	-0.32 -0.82%	$38.95	$39.21	-1.48%	1,581,508 102.23%	1,547,000
Most Recent Note for BAM - 12/15/2023 12:13:10 PM Powered to new highs with 4 consecutive gains backed by ever-increasing volume. Quarterly comparisons through Sep '23 showed subpar earnings increases and lackluster sales revenues increases.
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BCML - NASDAQ - Banks-West/Southwest Baycom Corp	$22.83	+0.13 0.57%	$22.90	$22.90	-0.31%	25,357 120.75%	21,000
Most Recent Note for BCML - 12/15/2023 12:14:03 PM Fundamental concerns remain. Reported Sep '23 quarterly earnings +4% on -2% sales revenues versus the year ago period, well below the +25% minimum guideline (C criteria). Perched near its 52-week high and faces little resistance due to overhead supply up to the $23.50 level.
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BFST - NASDAQ - Financial Svcs-Specialty Business First Bancshares Inc	$23.78	+0.23 0.98%	$23.93	$23.82	-0.17%	66,815 123.73%	54,000
Most Recent Note for BFST - 12/15/2023 12:14:30 PM Reported Sep '23 quarterly earnings -1% on +6% sales revenues versus the year ago period and prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Blackbaud Inc	$86.06	-0.86 -0.99%	$87.64	$87.99	-2.19%	192,218 105.61%	182,000
Most Recent Note for BLKB - 12/15/2023 12:18:50 PM No resistance remains due to overhead supply, holding its ground near its 52-week high after noted volume-driven gains. Reported earnings +62% on +6% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Its sales revenues growth rate has been lackluster and it annual earnings (A criteria) history had a dowturn in FY '22 leaving fundamental concerns.
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BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$24.59	-0.40 -1.60%	$25.09	$25.73	-4.43%	127,380 134.08%	95,000
Most Recent Note for BLX - 12/15/2023 12:19:43 PM There was a "negative reversal" on the prior session after hitting a new 52-week high. Reported Sep '23 quarterly earnings +69% on +55% sales revenues versus the year ago period. Comparisons in prior quarters also showed very strong sales revenues and earnings increases. Up and down annual earnings (A criteria) history is a concern.
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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$654.14	+23.36 3.70%	$657.74	$642.60	1.80%	3,587,291 198.19%	1,810,000
Most Recent Note for COST - 12/15/2023 12:24:54 PM Gapped up today adding to recently noted volume-driven gains for new 52-week highs. Fundamental concerns remain. Reported earnings +12% on +6% sales revenues for the Nov '23 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$31.01	-0.60 -1.90%	$31.91	$31.63	-1.96%	416,174 105.09%	396,000
Most Recent Note for DFH - 12/15/2023 12:33:03 PM Gapped up on the prior session and rallied to a new 52-week high with a big volume-driven gain. Faces no resistance due to overhead supply. Sep '23 quarterly earnings rose +17% on +14% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria).
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FSBC - NASDAQ - Banks-West/Southwest Five Star Bancorp	$25.45	+0.02 0.08%	$25.69	$29.00	-12.24%	25,930 117.86%	22,000
Most Recent Note for FSBC - 12/15/2023 12:34:03 PM Faces resistance due to overhead supply up to the $33 level. Fundamentals are sub par as earnings increases have been below the +25% minimum guideline (C criteria).
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$6.52	+0.42 6.88%	$6.80	$7.12	-8.43%	290,352 116.14%	250,000
Most Recent Note for GASS - 12/15/2023 12:35:27 PM Found support this week near prior highs and above its 50 DMA line ($5.77) while consolidating after hitting new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$34.66	-0.31 -0.87%	$35.32	$35.55	-2.52%	52,830 110.06%	48,000
Most Recent Note for GRC - 12/15/2023 12:36:31 PM Perched at its 52-week high after volume-driven gains. Reported earnings above the +25% minimum guideline (C criteria) in the past 2 quarterly comparisons through Sep '23 but fundamental concerns remain. Prior quarterly comparisons were subpar and its up and down annual earnings (A criteria) history makes it fall below the fact-based investment system's fundamental guidelines.
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$151.00	-10.09 -6.26%	$162.50	$161.23	-6.34%	87,004 114.48%	76,000
Most Recent Note for HOV - 12/15/2023 12:37:08 PM Abruptly retreating today after hitting new multi-year highs with an impressive spurt of volume-driven gains. Fundamental concerns remain as its quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines.
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IBOC - NASDAQ - BANKING - Regional - Southwest Banks Intl Bancshares Corp	$52.06	+0.04 0.08%	$52.56	$52.62	-1.06%	222,974 103.71%	215,000
Most Recent Note for IBOC - 12/15/2023 12:38:41 PM Perched near its all-time high after volume-driven gains. Annual (A criteria) earnings history has not been strong and steady.
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LEGH - NASDAQ - Finance-Property REIT Legacy Housing Corp	$24.37	+0.07 0.27%	$24.60	$25.30	-3.70%	38,432 109.81%	35,000
Most Recent Note for LEGH - 12/15/2023 12:40:00 PM Perched within striking distance of its 52-week high with above average volume behind today's 3rd consecutive gain. Fundamental concerns remain after it reported Sep '23 quarterly earnings +10% on -13% sales revenues versus the year ago period. Went through a deep consolidation since hitting a new all-time high when noted with caution in the 12/13/21 mid-day report - "This REIT's fundamentals are not a match with the fact-based investment system's guidelines."
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MBWM - NASDAQ - BANKING - Regional - Midwest Banks Mercantile Bank Corp	$40.37	+0.14 0.34%	$40.85	$41.00	-1.55%	45,810 127.25%	36,000
Most Recent Note for MBWM - 12/15/2023 12:42:57 PM Hit new multi-year highs with 3 consecutive volume-driven gains. Quarterly earnings increases through Sep '23 have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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MHO - NYSE - MATERIALS & CONSTRUCTION - Residential Construction M I Homes Inc	$125.06	+1.39 1.12%	$126.26	$123.70	1.10%	269,079 104.29%	258,000
Most Recent Note for MHO - 12/15/2023 12:43:33 PM Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Reported Sep '23 quarterly earnings +3% on +3% sales revenues versus the year-ago period, its 3rd subpar quarter below the +25% minimum earnings guideline (C criteria). Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$41.40	-0.17 -0.41%	$42.02	$41.83	-1.03%	33,552 104.85%	32,000
Most Recent Note for MLR - 12/15/2023 12:46:00 PM Touched a new 52-week high today and reversed into the red. Not making meaningful progress while churning higher volume in recent weeks, action indicative of distributional pressure. Reported Sep '23 quarterly earnings +230% on +34% sales revenues versus the year-ago period, its 5th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fundamental guidelines of the fact-based investment system. It went through a deep consolidation since dropped from the Featured Stocks list on 1/16/20.
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NHC - AMEX - HEALTH SERVICES - Long-Term Care Facilities National Healthcare Corp	$93.67	+1.96 2.14%	$93.99	$93.24	0.46%	92,260 131.80%	70,000
Most Recent Note for NHC - 12/15/2023 12:46:16 PM Hitting new multi-year highs with today's gain adding to an impressive streak of volume-driven gains. Stubbornly held its ground since noted in prior mid-day reports - "The Jun and Sep '23 quarterly comparisons showed very strong earnings increases however sales revenues growth has been lackluster. Prior quarterly and its annual earnings history (C and A criteria) has been up and down."
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NX - NYSE - METALS & MINING - Steel & Iron Quanex Building Products	$31.22	-3.48 -10.03%	$33.65	$35.03	-10.88%	332,792 264.12%	126,000
Most Recent Note for NX - 12/15/2023 12:47:30 PM Gapped down today abruptly retreating after rallying to a new 52-week high with big volume-driven gains. Reported Oct '23 quarterly earnings +27% on -4% sales revenues versus the year-ago period and fundamental concerns remain. Annual earnings (A criteria) has been strong after a downturn in FY '17 and '18.
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ORRF - NASDAQ - BANKING - Regional - Northeast Banks Orrstown Financial Svcs	$29.16	+0.31 1.07%	$29.16	$29.40	-0.82%	32,705 163.53%	20,000
Most Recent Note for ORRF - 12/15/2023 12:48:12 PM Rallied above its Dec '22 high with this week's volume-driven gains. Fundamental concerns remain.
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RBCAA - NASDAQ - BANKING - Regional - Southeast Banks Republic Bancorp Ky Cl A	$52.87	-0.34 -0.63%	$53.78	$53.97	-2.05%	31,442 174.68%	18,000
Most Recent Note for RBCAA - 12/15/2023 12:49:40 PM This thinly-traded bank is perched at its 52-week high. Reported earnings +9% on +7% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period. Its 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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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$555.51	+4.06 0.74%	$558.18	$573.77	-3.18%	893,973 107.71%	830,000
Most Recent Note for SNPS - 12/15/2023 12:51:26 PM Consolidating after touching a new all-time high this week. Reported Oct '23 quarterly earnings +66% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$19.07	-0.18 -0.94%	$19.15	$19.51	-2.26%	111,359 195.37%	57,000
Most Recent Note for TIPT - 12/15/2023 12:52:27 PM Hit a new all-time high with this week's gains backed by above average volume. Faces no resistance due to overhead supply. Reported Sep '23 earnings +21% on +15% sales revenues versus the year ago period and fundamental concerns remain as 3 of the 4 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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TRAK - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software DealerTrack Technologies	$10.80	+0.20 1.89%	$10.98	$10.61	1.79%	55,017 141.07%	39,000
Most Recent Note for TRAK - 12/15/2023 12:54:47 PM Hitting new multi-year highs with today's 6th consecutive volume-driven gain. Found support above its 50 DMA line ($9.74) during recent consolidation. Reported Sep '23 quarterly earnings +17% on +7% sales revenues versus the year ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines.
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