Mid-Day Breakouts Report - Wednesday, January 24th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 24TH, 2024
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DOW 38032.92 127.47 (0.34%) | NASDAQ 15589.64 163.7 (1.06%) | S&P 500 4898.23 33.63 (0.69%)

Time of Screening : 1/24/2024 12:21:12 PM Report Released : 1/24/2024 12:50:31 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
ASML - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate A S M L Holding N.V. NY	$857.63	+79.24 10.18%	$858.40	$778.67	10.14%	4,379,376 494.84%	885,000
Most Recent Note for ASML - 1/24/2024 12:22:28 PM Found support at its 50 DMA line and rallied to hit a new 52-week high then gapped up today for a 6th consecutive volume-driven gain. Reported Sep '23 quarterly earnings +21% on +25% sales revenues versus the year ago period. Prior quarterly earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21.
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CFB - NASDAQ - Banks-Midwest Crossfirst Bankshares	$14.71	+1.11 8.16%	$14.95	$14.66	0.34%	223,030 154.88%	144,000
Most Recent Note for CFB - 1/24/2024 12:24:07 PM Hit a new 52-week high with today's gap up and 5th consecutive volume-driven gain. Fundamental concerns remain.
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DDOG - NASDAQ - Computer Sftwr-Enterprse Datadog Inc	$124.54	-4.47 -3.46%	$130.50	$136.08	-8.48%	4,876,630 134.94%	3,614,000
Most Recent Note for DDOG - 1/24/2024 12:25:48 PM Retreating from its 52-week high with today's 2nd consecutive volume-driven loss. Faces some resistance due to old overhead supply up to the $184 level. Patient investors may watch for a new base or secondary buy point to possibly develop in the weeks ahead. Reported Sep '23 quarterly earnings +96% on +25% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$90.00	+0.94 1.05%	$92.86	$89.29	0.79%	186,577 107.85%	173,000
Most Recent Note for DSGX - 1/24/2024 12:26:40 PM Gapped up today for 5th consecutive gain backed by ever-increasing volume and hitting another new 52-week high. Reported Oct '23 quarterly earnings +0% on +19% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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EWBC - NASDAQ - BANKING - Regional - Pacific Banks East West Bancorp Inc	$76.51	+2.83 3.84%	$76.88	$80.98	-5.52%	1,198,591 113.93%	1,052,000
Most Recent Note for EWBC - 1/24/2024 12:27:48 PM Perched near its 52-week high. Reported earnings -15% on -2% sales revenues for the Dec '23 quarter versus the year ago period. Fundamentals are not a good match with the fact-based investment system's guidelines.
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$366.43	-4.98 -1.34%	$384.00	$379.39	-3.42%	2,688,407 159.45%	1,686,000
Most Recent Note for ISRG - 1/24/2024 12:32:25 PM Reversed into the red after hitting another new all-time high today. Made gradual progress since noted with caution in the 11/17/23 mid-day report. Reported Dec '23 quarterly earnings +30% on +17% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a deep consolidation from its high hit after a 3:1 share split effective 10/05/21. Annual earnings (A criteria) history has been up and down.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$36.26	-1.05 -2.80%	$37.27	$39.01	-7.06%	290,898 501.55%	58,000
Most Recent Note for JHX - 1/24/2024 12:34:03 PM This Ireland-based cement firm is retreating from its 52-week high toward its 50 DMA line with today's volume-driven loss. Steadily rallied after clearing its Aug '23 high with volume-driven gains. Noted in prior mid-day reports with caution - "Reported earnings +5% on +0% sales revenues for the Sep '23 quarter versus the year ago period, its 6th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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LOGI - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Logitech Intl Sa	$87.16	+2.30 2.71%	$87.65	$96.66	-9.83%	420,637 109.83%	383,000
Most Recent Note for LOGI - 1/24/2024 12:35:12 PM Gapped down on the prior session violating its 50 DMA line, abruptly retreating from its 52-week high. Reported Dec '23 quarterly earnings +34% on -1% sales revenues versus the year ago period. Fundamentals deteriorated and it went through a deep consolidation since dropped from the Featured Stocks list on 8/03/21 when noted with caution.
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LRN - NYSE - Consumer Svcs-Education Stride Inc	$62.20	+0.11 0.18%	$69.70	$63.83	-2.55%	1,127,319 186.33%	605,000
Most Recent Note for LRN - 1/24/2024 12:42:53 PM Hitting another new all-time high with today's 10th consecutive volume-driven gain, but churning without making meaningful price progress, action indicative of distributional pressure. Found support near its 50 DMA line while consolidating. Reported Dec '23 quarterly earnings +29% on +10% sales revenues verus the year ago period. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '20.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$550.95	+58.76 11.94%	$562.50	$503.41	9.44%	18,313,376 436.34%	4,197,000
Most Recent Note for NFLX - 1/24/2024 12:44:30 PM Gapped up today hitting a new 52-week high after consolidating above its 50 DMA line. Reported very strong Dec '23 quarterly earnings on +12% sales revenues versus the year ago period. Prior mid-day reports noted - "Through the Sep '23 quarter its earnings increases have been below the +25% minimum earnings guideline (C criteria), not a match with the winning models of the fact-based investment system. Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20."
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NOW - NYSE - Computer Sftwr-Enterprse Servicenow Inc	$771.29	+17.87 2.37%	$775.10	$766.81	0.58%	908,258 84.49%	1,075,000
Most Recent Note for NOW - 1/24/2024 12:44:52 PM Extended from any sound base and hitting new all-time highs with today's 5th consecutive gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Sep '23 quarterly earnings +49% on +25% sales revenues versus the year-ago period, its 5th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system. Went through a deep consolidation since noted with caution in the 10/28/21 mid-day report near its all-time high.
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NS - NYSE - ENERGY - Oil &; Gas Pipelines Nustar Energy Lp	$21.36	+0.32 1.50%	$21.44	$21.52	-0.77%	661,633 79.52%	832,000
Most Recent Note for NS - 1/24/2024 12:45:43 PM Gapped up on 1/22/24 and powered to a new 52-week high on M&A news. Sales revenues growth has been subpar. 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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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$175.58	+12.20 7.47%	$175.79	$163.73	7.24%	1,177,380 156.98%	750,000
Most Recent Note for SAP - 1/24/2024 12:48:01 PM Gapped up today hitting a new all-time high. Found support at its 50 DMA line during the recent consolidation. Reported earnings +48% on +8% sales revenues for the quarter ended Dec 31, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$483.15	+25.77 5.63%	$489.31	$485.86	-0.56%	5,930,903 145.26%	4,083,000
Most Recent Note for SMCI - 1/24/2024 12:50:23 PM Powered to new all-time highs with 4 consecutive volume-driven gains. Recently rallied from its 50 DMA line. Noted in prior mid-day reports - "Reported Sep '23 quarterly earnings +0% on +14% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were well below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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