Mid-Day Breakouts Report - Friday, June 7th, 2024

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 7TH, 2024
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DOW 38946 59.83 (0.15%) | NASDAQ 17164.7 -8.42 (-0.05%) | S&P 500 5356.07 3.11 (0.06%)

Time of Screening : 6/7/2024 11:56:16 AM Report Released : 6/7/2024 12:42:50 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% 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
CRWD - Crowd Strike	$342.49	+2.00 0.59%	$346.75	1,625,707 54.74% of 50 DAV 50 DAV is 2,970,000	$365.00 -6.17%	5/28/2024	$351.47	PP = $365.10 MB = $383.36
Most Recent Note - 6/7/2024 12:02:39 PM Y - Perched within close striking distance of its prior highs following a big volume-driven gain on 6/05/24 rebounding above its 50 DMA line ($318). Bullish action came after it reported Apr '24 quarterly earnings +63% on +33% sales revenues versus the year-ago period, continuing its strong earnings track record. Recent lows define important near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2024. Click here.
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NVO - NYSE Novo Nordisk A/S Adr	$143.06	+0.66 0.46%	$143.73	1,738,906 46.16% of 50 DAV 50 DAV is 3,767,000	$142.94 0.08%	6/7/2024	$143.06	PP = $138.38 MB = $145.30
Most Recent Note - 6/7/2024 12:19:26 PM Y - Color code is changed to yellow with pivot point cited based on its 3/07/24 high. It has been wedging higher without great volume behind a streak of 7 consecutive gains. To clinch a proper technical buy signal gains above the pivot point must be backed by at least +40% above-average volume. Fundamentals remain strong. It showed resilience since dropped from the Featured Stocks list on 5/02/24. >>> The latest Featured Stock Update with an annotated graph appeared on 4/24/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ASR - NYSE - TRANSPORTATION - Air Services, Other Grupo Aeroportuario Adr	$311.88	-13.05 -4.02%	$323.78	$357.90	-12.86%	19,470 52.62%	37,000
Most Recent Note for ASR - 6/7/2024 11:57:31 AM Slumped from its 52-week high and below its 50 DMA line which acted as resistance when rebounding this week. Noted with caution in prior mid-day reports - "Reported +34% earnings on +25% sales revenues for the Mar '24 quarter versus the year ago period. Fundamental concerns remain. Prior quarters were below the investment system's guidelines."
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CARG - NASDAQ - INTERNET - Content Cargurus Inc Cl A	$26.57	+1.40 5.56%	$26.57	$25.67	3.51%	470,290 60.68%	775,000
Most Recent Note for CARG - 6/7/2024 11:58:16 AM Hitting another new 52-week high with today's 4th consecutiev gain after an orderly consolidation above its 50 DMA line ($23.26). Reported Mar '24 quarterly earnings +23% on -7% sales revenues versus the year ago period. Prior history has not been strong and steady.
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CECO - NASDAQ - Pollution Control Ceco Environmental	$23.42	+0.05 0.21%	$23.82	$26.80	-12.61%	133,718 48.10%	278,000
Most Recent Note for CECO - 6/7/2024 12:00:19 PM There was a "negative reversal" at its 52-week high on 5/28/24 and it has slumped back below its 50 DMA line ($24). Reported Mar '24 quarterly earnings +10% on +12% sales revenues over the year ago period. Prior quarterly comparisons showed earnings increases not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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CIB - NYSE - BANKING - Foreign Regional Banks Bancolombia Sa Ads	$35.68	+0.36 1.02%	$35.73	$37.85	-5.73%	159,070 56.61%	281,000
Most Recent Note for CIB - 6/7/2024 12:01:17 PM Pulled back from its 52-week high and found support at its 50 DMA line ($34.68) after wedging from a "V" shaped consolidation in recent weeks. Fundamental concerns remain. This Colombia-based bank operating company's quarterly and annual earnings history has been erratic.
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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$253.51	-3.90 -1.52%	$258.16	$263.91	-3.94%	53,832 71.78%	75,000
Most Recent Note for CSWI - 6/7/2024 12:02:58 PM Hovering in a tight range near its all-time high, extended from any sound base. Reported earnings +17% on +8% sales revenues for the Mar '24 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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EGO - NYSE - METALS & MINING - Gold Eldorado Gold Corp	$15.43	-0.94 -5.72%	$15.87	$16.70	-7.63%	776,583 48.48%	1,602,000
Most Recent Note for EGO - 6/7/2024 12:04:46 PM Pulling back from its 52-week high and toward its 50 DMA line ($15.21) which defines near-term support to watch. Recent strength in the Mining - Gold/Silver/Gems group (L criteria) helped numerous issues in the industry to rally. Reported strong Mar '24 quarterly earnings results and prior quarterly comparisons showed strong earnings and sales increases versus the year ago periods. Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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GVA - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Granite Construction Inc	$58.48	-1.43 -2.39%	$59.98	$64.33	-9.09%	1,230,172 346.53%	355,000
Most Recent Note for GVA - 6/7/2024 12:08:27 PM Testing its 50 DMA line with today's volume-driven loss, its 5th consecutive loss. Reported improved earnings in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady.
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HALO - NASDAQ - Medical-Biomed/Biotech Halozyme Therapeutics	$50.68	-0.76 -1.48%	$51.98	$53.00	-4.38%	502,059 48.98%	1,025,000
Most Recent Note for HALO - 6/7/2024 12:11:12 PM Hit a new 52-week high with a considerable gap up and volume-driven gain on the prior session. Faces some resistance due to overhead supply up to the $59 level. Three of the 4 latest quarterly comparisons through Mar '24 showed strong earnings increases well above the +25% minimum guideline (C criteria) versus the year ago periods. Annual earning growth (A criteria) has been strong.
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ITT - NYSE - MANUFACTURING - Industrial Electrical Equipmen I T T Corp	$128.72	+0.41 0.32%	$130.28	$140.20	-8.19%	194,041 45.44%	427,000
Most Recent Note for ITT - 6/7/2024 12:11:51 PM Slumped below its 50 DMA line ($132) which may act as resistance following volume-driven losses. Reported earnings +21% on +14% sales revenues for the Mar '24 quarter versus the year-ago period. Fundamental concerns remain. Earnings increases in prior quarterly comparisons versus the year-ago periods have not been strong and steady above the minimum +25% guideline (C criteria). Annual earnings (A criteria) history has improved steadily after a downturn in FY '20.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$44.18	-0.77 -1.71%	$45.30	$51.66	-14.48%	786,154 101.31%	776,000
Most Recent Note for LPG - 6/7/2024 12:12:53 PM Gapped down on the prior session and slumping near its 50 DMA line ($43) today with another volume-driven loss, retreating from its all-time high hit last week. 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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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$168.21	-6.63 -3.79%	$172.83	$189.96	-11.45%	228,359 59.31%	385,000
Most Recent Note for MTH - 6/7/2024 12:13:57 PM Undercutting its 50 DMA line ($169) and prior low with today's gap down. Reported Mar '24 quarterly earnings +43% on +15% sales revenues versus the year-ago period. Prior 4 quarters showed earnings lower than the year ago-periods after the Dec '22 quarter was noted for breaking a long streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria).
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OR - NYSE - Mining-Gold/Silver/Gems Osisko Gold Royalties	$16.78	-0.53 -3.06%	$17.03	$17.37	-3.40%	319,700 48.00%	666,000
Most Recent Note for OR - 6/7/2024 12:21:31 PM Perched within striking distance of multi-year highs. Reported Mar '24 quarterly earnings +14% on +2% sales revenues versus the year-ago period. Prior quarterly earnings comparisons were well below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Annual earnings history has been subpar.
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PINS - NYSE - INTERNET - Content Pinterest Inc Cl A	$43.41	+0.68 1.59%	$43.54	$43.12	0.67%	4,329,905 47.55%	9,106,000
Most Recent Note for PINS - 6/7/2024 12:22:14 PM Hitting a new 52-week high with today's gain. Reported Mar '24 quarterly earnings +150% on +23% sales revenues versus the year-ago period, its 4th strong quarterly comparison. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SKX - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Footwear Skechers U S A Inc Cl A	$72.53	+1.48 2.08%	$73.84	$72.27	0.36%	929,280 55.58%	1,672,000
Most Recent Note for SKX - 6/7/2024 12:34:39 PM Hitting a new all-time high today, extended from any sound base. Reported earnings +45% on +12% sales revenues for the Mar '24 quarter versus the year-ago period, its 4th strong quarterly comparison above the +25% minimum earnings guideline (C criteria) versus the year-ago period. Annual earnings history has been up and down, not a great match with the fact-based system's fundamental guidelines (A criteria).
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SN - NYSE - ENERGY - Independent Oil & Gas Sanchez Energy Corp	$75.40	-0.53 -0.70%	$76.49	$80.42	-6.24%	540,271 52.30%	1,033,000
Most Recent Note for SN - 6/7/2024 12:38:45 PM There was a "negative reversal" on the prior session after hitting a new 52-week high. It is very extended from any sound base, encountering distributional pressure. Reported Mar '24 quarterly earnings +23% on +25% sales revenues raising concerns. Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23.
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$107.99	+1.06 0.99%	$108.58	$107.95	0.04%	2,940,400 48.30%	6,088,000
Most Recent Note for TJX - 6/7/2024 12:39:17 PM Extended from any sound base and perched at its all-time high. Reported Apr '24 quarterly earnings +22% on +6% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria).
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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$164.76	+2.69 1.66%	$166.12	$164.70	0.04%	7,381,345 53.02%	13,922,000
Most Recent Note for TSM - 6/7/2024 12:41:51 PM Perched at its all-time high. Reported Mar '24 quarterly earnings +4% on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23, breaking a streak of strong and steady growth. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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