Mid-Day Breakouts Report - Wednesday, May 22nd, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 22ND, 2024
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DOW 39811.17 -61.82 (-0.16%) | NASDAQ 16849.63 17.01 (0.10%) | S&P 500 5319.16 -2.25 (-0.04%)

Time of Screening : 5/22/2024 11:58:48 AM Report Released : 5/22/2024 12:28:23 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
AROC -	$20.16	-0.87 -4.12%	$20.95	871,736 59.26% of 50 DAV 50 DAV is 1,471,000	$21.61 -6.73%	5/20/2024	$21.23	PP = $21.50 MB = $22.58
Most Recent Note - 5/22/2024 12:00:39 PM Y - Slumping near its 50 DMA line ($19.92) with today's big loss. There was a "negative reversal" and it closed near the session low on the prior session after hitting new multi-year highs. Color code was changed to yellow with pivot point cited based on its 4/04/24 high plus 10 cents in the 5/20/24 mid-day report - "Found support above its 50 DMA line during an orderly 6-week flat base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Earnings increases have been above the +25% mninimum guideline in quarterly comparisons through Mar '24 versus the year-ago periods. Annual earnings (A criteria) growth has been strong after a loss in FY '20." >>> The latest Featured Stock Update with an annotated graph appeared on 5/20/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$286.94	-1.01 -0.35%	$289.68	$329.87	-13.01%	381,852 75.02%	509,000
Most Recent Note for AXON - 5/22/2024 12:02:36 PM On track today for an 11th loss in the span of 12 sessions. It was dropped from the Featured Stocks list on 5/16/24 after undercutting the prior low. A rebound above the 50 DMA line ($307) is needed for its outlook to improve. Reported Mar '24 quarterly earnings +31% on +34% sales revenues versus the year-ago period. Fundamentals remain strong.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$10.85	-0.02 -0.18%	$10.91	$12.20	-11.07%	2,156,258 117.64%	1,833,000
Most Recent Note for BBVA - 5/22/2024 12:05:07 PM Its 50 DMA line ($11.15) has acted as resistance after damaging losses undercut the prior low ($10.49). Reported Mar '24 quarterly earnings +24% on +21% sales revenues versus the year-ago period, after 4 consecutive quarterly comparisons 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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CSWC - NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity Capital Southwest Corp	$25.84	-0.58 -2.20%	$26.38	$27.22	-5.07%	560,418 225.07%	249,000
Most Recent Note for CSWC - 5/22/2024 12:06:19 PM Testing prior highs in the $26 area which define initial support while retreating from its 52-week high. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +9% on +25% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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DY - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Dycom Inds Inc	$166.50	+12.10 7.84%	$170.39	$154.44	7.81%	179,756 79.19%	227,000
Most Recent Note for DY - 5/22/2024 12:07:13 PM Gapped up today powering to a new all-time high. Reported Apr '24 quarterly earnings +23% on +9% sales revenues versus the year-ago period. Fundamental concerns remain due to erratic quarterly and annual earnings (C and A criteria) earnings history.
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ESEA - NASDAQ - TRANSPORTATION - Shipping Euroseas Ltd	$37.42	-1.91 -4.86%	$38.85	$42.29	-11.52%	33,076 122.50%	27,000
Most Recent Note for ESEA - 5/22/2024 12:08:15 PM Slumping back toward its 50 DMA line ($35.77) after rebounding near prior highs. Reported strong Sep and Dec '23 quarterly results versus year-ago periods. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$7.21	-0.14 -1.90%	$7.60	$7.98	-9.65%	122,254 116.43%	105,000
Most Recent Note for GASS - 5/22/2024 12:08:27 PM It has been stubbornly holding its ground while making steady progress toward the prior high since finding support at its 200 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GRMN - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Garmin Ltd	$162.86	-7.87 -4.61%	$169.09	$171.64	-5.12%	656,341 75.18%	873,000
Most Recent Note for GRMN - 5/22/2024 12:09:22 PM Gapped down today retreating from multi-year highs with a considerable volume-driven loss. Rallied after finding support at its 50 DMA line. Reported earnings +39% on +20% sales revenues for the Mar '24 quarter versus the year ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been lackluster.
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HASI - NYSE - Finance-Mortgage REIT Hannon Armstrong Sus Inf	$33.50	+1.19 3.68%	$33.50	$32.90	1.82%	833,326 80.98%	1,029,000
Most Recent Note for HASI - 5/22/2024 12:09:40 PM This REIT spiked higher after it reported Mar '24 quarterly earnings +28% on +53% sales revenues. Prior comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been slow and steady. Completed a new Public Offering on 12/12/18.
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KBH - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction K B Home	$70.15	-1.15 -1.61%	$71.03	$74.66	-6.04%	1,296,942 107.27%	1,209,000
Most Recent Note for KBH - 5/22/2024 12:11:42 PM Consolidating near prior highs after recently hitting new all-time highs. Reported earnings +21% on +6% sales revenues for the Feb '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23.
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KEX - NYSE - TRANSPORTATION - Shipping Kirby Corp	$122.21	+0.47 0.38%	$122.78	$122.00	0.17%	320,508 66.50%	482,000
Most Recent Note for KEX - 5/22/2024 12:15:26 PM Hitting new multi-year highs and challenging its all-time high with today's 4th consecutive volume-driven gain. Reported earnings +75% on +8% sales revenues for the Mar '24 quarter versus the year-ago period, continuing a streak of strong earnings increases above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history had a downturn in FY '20 and '21, not a match with the winning models of the fact-based system.
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KGC - NYSE - METALS & MINING - Gold Kinross Gold Corp	$7.93	-0.29 -3.52%	$8.09	$8.23	-3.64%	10,074,790 62.16%	16,208,000
Most Recent Note for KGC - 5/22/2024 12:16:03 PM Powered to new 52-week highs with a noted streak of gains. Reported Mar '24 quarterly earnings +43% on +16% sales revenues versus the year ago period. Six of the 7 latest quarterly earnings increases were well above the +25% minimum guideline (C criteria). 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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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$54.99	+1.46 2.73%	$55.55	$53.94	1.95%	159,879 84.15%	190,000
Most Recent Note for LMB - 5/22/2024 12:16:38 PM Hitting a new 52-week high. Fundamental concerns remain due to lackluster sales revenues growth.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$46.15	+1.34 2.99%	$47.68	$49.54	-6.84%	487,503 69.15%	705,000
Most Recent Note for LPG - 5/22/2024 12:17:49 PM Reported Mar '24 quarterly earnings -2% on +6% sales revenues versus the year ago period, breaking a streak of very strong quarterly earnings comparisons above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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M - NYSE - RETAIL - Department Stores Macy's Inc	$20.24	+0.16 0.80%	$20.62	$22.10	-8.42%	4,168,752 70.43%	5,919,000
Most Recent Note for M - 5/22/2024 12:19:42 PM Fundamental concerns remain. Recent quarterly comparisons through Apr '24 showed waning sales revenues and earnings.
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MMYT - NASDAQ - Leisure-Travel Booking Makemytrip Ltd	$77.33	-4.40 -5.38%	$82.00	$89.83	-13.92%	557,664 68.51%	814,000
Most Recent Note for MMYT - 5/22/2024 12:20:28 PM Extended from any sound base and pulling back from its all-time high with today's 2nd consecutive loss. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Through Mar '24 its quarterly earnings growth has been strong and well above the +25% minimum guideline (C criteria). After years of steadily shrinking losses it has shown great earnings growth in FY '22 and '23.
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NBIX - NASDAQ - DRUGS - Biotechnology Neurocrine Biosciences	$140.44	-0.12 -0.08%	$145.78	$148.37	-5.35%	594,510 72.32%	822,000
Most Recent Note for NBIX - 5/22/2024 12:23:08 PM Consolidating above its 50 DMA line ($138) and perched within close distance of its all-time high. Found support near prior highs in the $129 area. Reported Mar '24 quarterly earnings versus a loss on +23% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly and annual earnings growth has not been strong and steady since dropped from the Featured Stocks list on 8/07/20.
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$78.94	+0.52 0.66%	$79.64	$79.68	-0.93%	1,484,784 109.26%	1,359,000
Most Recent Note for SFM - 5/22/2024 12:23:39 PM Stubbornly holding its ground near its all-time high, very extended from any sound base. Reported Mar '24 quarterly earnings +14% on +9% sales revenues versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and annual earnings (A criteria) history included a downturn in FY '21.
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TOL - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Toll Brothers Inc	$119.84	-10.38 -7.97%	$127.59	$135.37	-11.47%	2,487,164 201.55%	1,234,000
Most Recent Note for TOL - 5/22/2024 12:25:37 PM Gapped down today retreating from its all-time high and violating its 50 DMA line. Reported Apr '24 quarterly earnings +60% on +13% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were well above the +25% minimum guideline (C crieria). Annual earnings (A criteria) had a downturn in FY '19 and '20.
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TRNS - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Transcat Inc	$146.64	+4.78 3.37%	$146.90	$141.91	3.33%	28,506 73.09%	39,000
Most Recent Note for TRNS - 5/22/2024 12:27:07 PM Powering to another new all-time high. Reported earnings +10% on +14% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been up and down in recent years.
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WSM - NYSE - RETAIL - Home Furnishing Stores Williams Sonoma Inc	$300.53	-13.85 -4.41%	$348.51	$322.04	-6.68%	1,666,082 160.51%	1,038,000
Most Recent Note for WSM - 5/22/2024 12:28:18 PM Gapped up today then had a "negative reversal". It was dropped from the Featured Stocks list on 12/13/21. Fundamental concerns remain.
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