Mid-Day Breakouts Report - Thursday, February 22nd, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, FEBRUARY 22ND, 2024
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DOW 38877.72 265.48 (0.69%) | NASDAQ 15945.05 364.18 (2.34%) | S&P 500 5061.51 79.71 (1.60%)

Time of Screening : 2/22/2024 12:19:32 PM Report Released : 2/22/2024 1:46:22 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 85% 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

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
NOW - NYSE Servicenow Inc	$771.75	+23.81 3.18%	$791.87	1,088,504 92.96% of 50 DAV 50 DAV is 1,171,000	$815.32 -5.34%	2/22/2024	$771.75	PP = $815.32 MB = $856.09
Most Recent Note - 2/22/2024 1:04:15 PM Y - Color code is changed to yellow as a valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout. Reported Dec '23 quarterly earnings +36% on +26% sales revenues versus the year-ago period, its 6th 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. >>> The latest Featured Stock Update with an annotated graph appeared on 2/5/2021. Click here.
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SNPS - NASDAQ Synopsys Inc	$600.65	+57.08 10.50%	$629.38	1,609,591 114.32% of 50 DAV 50 DAV is 1,408,000	$582.85 3.05%	2/22/2024	$600.65	PP = $582.85 MB = $611.99
Most Recent Note - 2/22/2024 1:32:29 PM Y - Color code is changed to yellow with pivot point cited based on its 2/09/24 high after a cup-with-handle base. A strong close above the pivot point is needed to clinch a proper technical buy signal. Gapped up today hitting a new all-time high, however it has slumped from the early high. Found support at its 50 DMA line ($536). Reported Jan '24 quarterly earnings +36% on +21% sales revenues versus the year ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been string and steady. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMK - NYSE - Finance-Investment Mgmt Assetmark Finl Hldgs Inc	$34.15	+1.35 4.12%	$34.32	$33.00	3.48%	111,613 90.01%	124,000
Most Recent Note for AMK - 2/22/2024 12:26:40 PM Hitting new 52-week and all-time highs with today's 6th consecutive volume-driven gain. Reported Dec '23 quarterly earnings +28% on -4% sales revenues versus the year-ago period. The past 5 quarterly comparisons were above the +25% earnings minimum but waning sales revenues raised concerns in the latest. Annual earnings history has been strong and steady.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$10.08	+0.08 0.75%	$10.16	$10.06	0.15%	1,505,667 132.89%	1,133,000
Most Recent Note for BBVA - 2/22/2024 12:31:20 PM Inching to yet another new 52-week high today with a 3rd small gain backed by above-average volume. Bullish action came after it reported Dec '23 quarterly earnings +51% on +14% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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CBOE - NASDAQ - Financial Svcs-Specialty C B O E Holdings Inc	$194.27	+4.36 2.30%	$195.66	$195.68	-0.72%	729,124 93.84%	777,000
Most Recent Note for CBOE - 2/22/2024 12:33:55 PM Hitting new all-time highs with this week's volume-driven gains. Reported earnings +14% on -4% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain as its prior earnings history is not a match with the fact-based investment system's guidelines.
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CBZ - NYSE - Comml Svcs-Consulting C B I Z Inc	$74.00	+1.28 1.76%	$74.19	$73.98	0.03%	297,243 108.88%	273,000
Most Recent Note for CBZ - 2/22/2024 12:38:34 PM Perched at its all-time high with today's 6th consecutive volume-driven gain. Made steady progress after finding support near its 200 DMA line in October. Fundamental concerns remain. Reported a loss for the Dec '23 quarter on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$41.14	+3.94 10.59%	$41.59	$40.22	2.29%	2,250,751 112.26%	2,005,000
Most Recent Note for CLS - 2/22/2024 12:42:34 PM Extended from any sound base and hitting yet another new 52-week high with today's gap up gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rallied steadily after finding prompt support near its 50 DMA line in January. Reported earnings +36% on +5% sales revenues for the Dec '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CYBR - NASDAQ - COMPUTER SOFTWARE and SERVICES - Security Software and Services Cyber-Ark Software Ltd	$254.34	+10.27 4.21%	$256.18	$283.00	-10.13%	648,353 97.35%	666,000
Most Recent Note for CYBR - 2/22/2024 12:43:44 PM This Israel-based Computer Software - Security firm tested its 50 DMA line ($230) on the prior session with a volume-driven loss. Steadily advanced and stayed well above its 50 DMA line since a technical breakout in early November '23. Reported earnings +406% on +32% sales revenues for the Dec '23 quarter and recent quarters show great improvement over the year-ago periods. Fundamental concerns remain after a downturn in FY '20 and '21 and a loss in FY '22 (A criteria).
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ICLR - NASDAQ - Medical-Research Eqp/Svc ICON plc	$315.20	+30.50 10.71%	$323.80	$296.68	6.24%	736,026 133.10%	553,000
Most Recent Note for ICLR - 2/22/2024 12:49:11 PM This Ireland-based Medical - Research Equipment/Services firm is hitting new 52-week and all-time highs with today's gap up and volume-driven gain. Reported earnings +11% on +5% sales revenues for the Dec '23 quarter versus the year ago period and fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been good.
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KTOS - NASDAQ - DIVERSIFIED SERVICES - Technical Services Kratos Def & Sec Sol Inc	$18.53	-1.66 -8.20%	$19.42	$21.60	-14.24%	1,254,572 123.85%	1,013,000
Most Recent Note for KTOS - 2/22/2024 12:50:43 PM Gapped down today from near its 52-week high and slumped below its 50 DMA line ($19). Reported Dec '23 quarterly earnings +50% on +10% sales revenues versus the year-ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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MGRC - NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services Mcgrath Rentcorp	$124.92	-1.85 -1.46%	$127.64	$130.86	-4.54%	757,461 255.90%	296,000
Most Recent Note for MGRC - 2/22/2024 12:53:28 PM Reported Dec '23 quarterly earnings -9% on +21% sales revenues versus the year ago period. Retreating from its all-time high with today's volume-driven loss. On 1/29/24 reported M&A news. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '21.
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NMM - NYSE - TRANSPORTATION - Shipping Navios Maritime Partners	$33.17	+0.40 1.21%	$33.27	$32.83	1.02%	96,418 85.33%	113,000
Most Recent Note for NMM - 2/22/2024 12:55:18 PM Hitting a new 52-week high with today's 6th consecutive volume-driven gain. Quarterly comparisons through Dec '23 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$775.87	+101.15 14.99%	$781.54	$746.11	3.99%	53,748,124 117.89%	45,590,000
Most Recent Note for NVDA - 2/22/2024 Gapped up today hitting a new all-time high with a considerable volume-driven gain. Reported Jan '24 quarterly earnings +486% on +265% sales revenues versus the year ago period, its 3rd very strong quarter. Prior 3 quarterly comparisons were down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$78.03	+2.74 3.63%	$79.14	$75.93	2.76%	1,471,969 242.50%	607,000
Most Recent Note for PSN - 2/22/2024 1:07:28 PM Powering to another new all-time high with today's considerable 6th consecutive gain backed by above average volume. Reported earnings +35% on +35% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarter above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has not been strong and steady. Fundamental concerns remain.
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$233.95	+22.73 10.76%	$235.99	$219.17	6.74%	887,979 90.70%	979,000
Most Recent Note for PWR - 2/22/2024 1:12:27 PM Found support at its 50 DMA line ($207) and gapped up today hitting a new all-time high with a big volume-driven gain. Quarterly comparisons through Dec '23 have not been strong and steady above the +25% minimum earnings guideline (C criteria). It made gradual progress since dropped from the Featured Stocks list on 9/23/22.
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RCL - NYSE - LEISURE - General Entertainment Royal Caribbean Cruises	$122.70	+7.80 6.79%	$124.92	$133.77	-8.28%	3,041,927 113.80%	2,673,000
Most Recent Note for RCL - 2/22/2024 1:16:07 PM Gapped up today rebounding near its 50 DMA line ($123). There was a "negative reversal" after hitting a new 52-week high when last noted in the 2/01/24 mid-day report - "Reported earnings versus a loss on +28% sales revenues for the Dec '23 quarter versus the year ago period. Fundamental concerns remain."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$921.62	+187.45 25.53%	$928.99	$1,077.87	-14.50%	11,485,179 126.70%	9,065,000
Most Recent Note for SMCI - 2/22/2024 1:20:02 PM Gapped up today rallying for a considerable gain and rebounding toward its all-time high. There was a "negative reversal" on 2/16/24 following an impressive spurt higher having the look of a "climax run". Reported Dec '23 quarterly earnings +71% on +103% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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VRT - NYSE - Electrical-Power/Equipmt Vertiv Holdings Llc	$62.00	+3.45 5.89%	$64.50	$65.56	-5.43%	7,012,957 112.19%	6,251,000
Most Recent Note for VRT - 2/22/2024 1:37:10 PM Perched near its all-time high, extended from any sound base and enduring some recent distributional pressure. Showed very strong quarterly earnings increases through Dec '23 versus the year-ago periods. Limited history is a concern. Annual earnings history has been up and down.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$337.12	+26.80 8.64%	$338.38	$325.06	3.71%	408,147 103.59%	394,000
Most Recent Note for WING - 2/22/2024 1:41:06 PM extended from any sound base and hitting yet another new all-time high with today's volume-driven gain. Reported Dec '23 quarterly earnings +7% on +21% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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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.

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