Mid-Day Breakouts Report - Monday, December 18th, 2023

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 18TH, 2023
Previous Mid Day Report Next Mid Day Report >>>

DOW 37359.31 54.15 (0.15%) | NASDAQ 14878.64 64.72 (0.44%) | S&P 500 4742.01 22.82 (0.48%)

Time of Screening : 12/18/2023 12:21:38 PM Report Released : 12/18/2023 12:46:26 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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$595.93	+11.25 1.92%	$603.13	$633.89	-5.99%	2,901,851 98.27%	2,953,000
Most Recent Note for ADBE - 12/18/2023 12:24:22 PM Finding support at its 50 DMA line after gapping down last week retreating from its 52-week high. Reported Nov '23 quarterly earnings +19% on +12% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria).
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$673.43	+14.61 2.22%	$675.99	$672.05	0.21%	2,360,384 120.80%	1,954,000
Most Recent Note for COST - 12/18/2023 12:25:04 PM Up again today adding to recently noted volume-driven gains for another new 52-week high. 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).
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
DOCU - NASDAQ - Computer Sftwr-Enterprse Docusign Inc	$60.71	-2.40 -3.80%	$62.74	$69.45	-12.58%	4,249,138 96.73%	4,393,000
Most Recent Note for DOCU - 12/18/2023 12:28:53 PM Went through a deep consoidation since dropped from the Featured Stocks list whe last noted on 9/21/21. Reported Oct '23 quarterly earnings 39% on +9% sales revenues versus the year ago period. Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarters however sequential quarterly comparisons show worrisome deceleration in its sales revenues growth rate. Annual earnings (A criteria) were flat in FY '23 versus '22.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$6.65	+0.15 2.31%	$6.76	$7.12	-6.60%	222,509 87.26%	255,000
Most Recent Note for GASS - 12/18/2023 12:29:34 PM Found support last week near prior highs and above its 50 DMA line ($5.80) 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."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
LAKE - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Lakeland Industries Inc	$17.80	+0.80 4.71%	$17.85	$17.67	0.74%	64,487 280.38%	23,000
Most Recent Note for LAKE - 12/18/2023 12:32:24 PM Spiking to a new 52-week high with today's 4th consecutive volume-driven gain. Found support at its 200 DMA line while consolidating in recent months. Reported great earnings increases in the 3 latest quarterly comparisons through Oct '23. Prior quarterly comparisons showed subpar increases versus the year ago periods. Annual earnings growth (A criteria) has been erratic.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
MCBC - NASDAQ - BANKING - Regional - Midwest Banks Macatawa Bank Corp	$10.99	-0.45 -3.94%	$11.52	$11.91	-7.73%	76,593 144.52%	53,000
Most Recent Note for MCBC - 12/18/2023 12:35:39 PM Abruptly retreating after spiking to reach a new 52-week high last week with volume-driven gains. Reported Sep '23 quarterly earnings +14% on +9% sales revenues versus the year-ago period, breaking a streak of 4 stronger comparisons above the +25% minimum guideline. Earnings history and sales revenues growth are not a match with the fact-based investment system's guidelines (C and A criteria).
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
OLED - NASDAQ - Elec-Misc Products Universal Display Corp	$187.92	+2.79 1.51%	$189.81	$189.08	-0.61%	295,860 89.11%	332,000
Most Recent Note for OLED - 12/18/2023 12:37:30 PM Hitting new multi-year highs with today's gain. Reported earnings -4% on -12% sales revenues for the Sep'23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '20. Not a match with the fact-based investment system's fundamental guidelines.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ORRF - NASDAQ - BANKING - Regional - Northeast Banks Orrstown Financial Svcs	$29.00	+0.10 0.35%	$29.22	$29.55	-1.86%	16,654 75.70%	22,000
Most Recent Note for ORRF - 12/18/2023 12:38:10 PM Rallied above its Dec '22 high with 4 consecutive volume-driven gains. Fundamental concerns remain.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$39.23	+3.14 8.69%	$39.75	$39.58	-0.90%	2,254,047 449.91%	501,000
Most Recent Note for PGTI - 12/18/2023 12:39:25 PM Gapped up today hitting a new all-time high with another big gain backed by above average volume. Found support near prior highs and above its 50 DMA line ($31.77). Noted with caution in prior mid-day reports - "Built an orderly flat base on base since gapping up on 10/10/23. Reported earnings +20% on +4% sales revenues for the Sep '23 quarter versus the year-ago period. Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
PHG - NYSE - CONSUMER DURABLES - Electronic Equipment Koninklijke Philips ADR	$22.48	+0.62 2.84%	$22.57	$23.30	-3.52%	981,838 91.76%	1,070,000
Most Recent Note for PHG - 12/18/2023 12:40:47 PM Reported earnings +48% on +12% sales revenues for the Sep '23 quarter versus the year-ago period, its 3rd strong quarterly comparison. Perched near its 52-week high afetr consolidating in an orderly fashion above its 50 and 200 DMA lines. Fundamental concerns remain. Annual earnings history (A criteria) is below guidelines of the fact-based investment system.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
RACE - NYSE - Auto Manufacturers Ferrari NV	$345.22	-9.28 -2.62%	$347.88	$372.42	-7.30%	364,868 103.66%	352,000
Most Recent Note for RACE - 12/18/2023 12:43:09 PM Gapped down today for a 5th consecutive volume-driven loss, retreating from its all-time high. Its 50 DMA line ($336) defines near-term support above prior highs in the $329 area. Reported Sep '23 quarterly earnings +60% on +33% sales revenues versus the year ago period, its 2nd quarterly comparison well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$320.24	+20.13 6.71%	$326.06	$357.00	-10.30%	3,537,877 109.97%	3,217,000
Most Recent Note for SMCI - 12/18/2023 12:45:08 PM Gapped up today on track for a 5th consecutive gain, rallying above prior highs toward its 52-week high. Reported Sep '23 quarterly earnings +0% on +14% sales revenues versus the year-ago period. Two of the 3 lastest quarterly earnings increases were well below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
TIMB - NYSE - Telecom Svcs- Foreign TIMSA Ads	$18.48	+0.26 1.45%	$18.50	$18.94	-2.41%	716,604 158.89%	451,000
Most Recent Note for TIMB - 12/18/2023 12:45:59 PM Hovering near its 52-week high with today's volume-driven gain. Brazilian Telecom firm reported strong Jun and Sep '23 earnings results but its prior history is not a match with the fundamental guidelines of the fact-based investment system.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$5.73	-0.17 -2.88%	$5.91	$6.44	-11.02%	565,155 173.36%	326,000
Most Recent Note for YALA - 12/18/2023 12:46:20 PM Churning above average volume in recent weeks without meaningful price progress, action indicative of distributional pressure as it made slow progress for new multi-year highs. Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to FactBasedInvesting.com c/o Premium Member Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 954-785-1121.

We appreciate any feedback members may wish to send via the inquiry form here.