Mid-Day Breakouts Report - Wednesday, June 12th, 2024

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 12TH, 2024
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DOW 38834.46 87.04 (0.22%) | NASDAQ 17647.16 303.62 (1.75%) | S&P 500 5434.64 59.32 (1.10%)

Time of Screening : 6/12/2024 12:21:43 PM Report Released : 6/12/2024 1:02:57 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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	$385.32	+0.69 0.18%	$390.71	2,949,589 87.29% of 50 DAV 50 DAV is 3,379,000	$385.00 0.08%	5/28/2024	$351.47	PP = $365.10 MB = $383.36
Most Recent Note - 6/12/2024 12:34:35 PM G - Color code is changed to green while hitting new all-time highs with today's 4th consecutive volume-driven gain. Rebounded above its 50 DMA line ($321.76) last week. 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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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$216.27	+9.12 4.40%	$218.12	$207.16	4.40%	95,043,140 155.70%	61,043,000
Most Recent Note for AAPL - 6/12/2024 12:24:05 PM Powering to new all-time highs with today's 2nd consecutive big volume-driven gain. Quarterly comparisons through Mar '24 have been well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 7,129 in Mar '24. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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ALTR - NASDAQ - Computer Sftwr-Design Altair Engineering Cl A	$97.70	+3.23 3.42%	$98.00	$96.84	0.89%	321,904 82.12%	392,000
Most Recent Note for ALTR - 6/12/2024 12:25:36 PM Gapped up today hitting a new 52-week high with its 3rd consecutiev volume-driven gain after testing its 50 DMA line ($86). Reported earnings +11% on +4% 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) and fundamental concerns remain.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$1,481.97	+20.94 1.43%	$1,505.80	$1,465.01	1.16%	1,679,770 68.70%	2,445,000
Most Recent Note for AVGO - 6/12/2024 12:27:47 PM Gapped up today hitting a new all-time high with a 4th consecutive gain. Recently found support near its 50 DMA line ($1,343). Due to report Apr '24 quarterly results. Reported earnings +6% on +34% sales revenues for the Jan '24 quarter versus the year ago period, its 5th subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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CASY - NASDAQ - RETAIL - Super/Mini Markets Caseys General Stores	$380.61	+54.08 16.56%	$389.44	$344.61	10.45%	766,017 268.78%	285,000
Most Recent Note for CASY - 6/12/2024 12:30:26 PM Gapped up today powering into new all-time high territory. Found prompt support at its 50 DMA line. Report3ed Apr '24 quarterly earnings +57% on +8% sales revenues versus the year-ago period. Earnings increases were below the +25% minimum guideline (C criteria) in the 4 prior quarterly comparisons through Jan '24 versus the year ago periods. It was dropped from the Featured Stocks list on 9/27/22.
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$329.21	+1.90 0.58%	$335.17	$382.01	-13.82%	2,194,440 81.40%	2,696,000
Most Recent Note for CAT - 6/12/2024 12:31:59 PM Goliath company in the Machinery - Construction/Mining industry in recent weeks has been sputtering below its 50 DMA line ($350) which is now downward sloping. Reported Mar '24 quarterly earnings +14% on +0% sales revenues versus the year ago period, raising fundamental concerns after 6 strong quarterly earnings comparisons. Last noted with caution in the 1/05/24 mid-day report "Sequential comparisons show deceleration in its sales revenues growth rate. Annual earnings (A criteria) growth has been strong after a downtun in FY '20 like many companies during the pandemic."
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HQY - NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service HealthEquity, Inc	$82.95	-3.96 -4.56%	$87.72	$87.61	-5.32%	585,751 96.66%	606,000
Most Recent Note for HQY - 6/12/2024 12:37:17 PM Abruptly retreating today undercutting prior highs in the $84 area that define initial support to watch. Reported earnings +60% on +18% sales revenues for the Apr '24 quarter versus the year-ago period, its 6th strong quarterly comparison well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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IMMR - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Immersion Corporation	$10.58	+0.36 3.54%	$10.69	$10.27	3.04%	339,398 71.91%	472,000
Most Recent Note for IMMR - 6/12/2024 12:37:50 PM Rallying to another new 52-week high with today's 3rd consecutive volume-driven gain. Reported Mar '24 quarterly earnings +117% on +520% sales revenues versus the year-ago period. Prior quarterly earnings history has been erratic with minuscule sales revenues. Annual earnings growht has been strong.
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MUSA - NYSE - WHOLESALE - Basic Materials Wholesale Murphy USA Inc	$480.64	+31.55 7.03%	$482.94	$451.60	6.43%	167,002 71.37%	234,000
Most Recent Note for MUSA - 6/12/2024 12:38:31 PM Rallying to a new all-time high with today's volume-driven gain. Reported earnings -35% on -5% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly earninhgs and sales revenues comparisons were negative versus the year-ago periods and fundamental concerns remain.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$427.59	+16.65 4.05%	$428.11	$442.80	-3.43%	167,130 67.39%	248,000
Most Recent Note for RACE - 6/12/2024 12:39:43 PM Gapped up today rebounding above its 50 DMA line ($415) with a volume-driven gain. Noted with caution in prior mid-day reports - "Reported Mar '24 quarterly earnings +20% on +10% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20."
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services Ritchie Bros Auctioneers	$80.51	+0.95 1.19%	$80.59	$80.67	-0.20%	751,653 90.02%	835,000
Most Recent Note for RBA - 6/12/2024 12:52:55 PM Touched a new all-time high with today's 3rd consecutive volume-driven gain after a gap up. Reported Mar '24 quarterly earnings +58% on +108% sales revenues versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria) and so it is not a great match with the fact-based investment system's fundamental guidelines.
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TASK - NASDAQ - Computer-Tech Services Taskus Inc Class A	$13.82	-0.69 -4.72%	$14.50	$15.40	-10.29%	321,652 157.67%	204,000
Most Recent Note for TASK - 6/12/2024 12:54:43 PM Fundamental concerns remain. Reported Mar '24 quarterly earnings -6% on -3% sales revenues versus the year-ago period. Completed its $23 IPO on 6/11/21.
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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$171.89	-6.51 -3.65%	$177.21	$182.67	-5.90%	4,249,029 87.86%	4,836,000
Most Recent Note for TMUS - 6/12/2024 12:55:43 PM Gapped down today abruptly retreating from its all-time high following an impressive spurt of volume-driven gains. Reported Mar '24 quarterly earnings +16% on +0% sales revenues versus the year-ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria). Subpar sales revenues growth has been a noted concern. Annual earnings (A criteria) growth has been stronger in FY '22 and '23. Completed a new Public Offering on 6/25/20.
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TPL - NYSE - Real Estate Dvlpmt/Ops Texas Pacific Land Trust	$785.36	+18.65 2.43%	$785.36	$773.50	1.53%	108,012 131.72%	82,000
Most Recent Note for TPL - 6/12/2024 12:56:52 PM Today's 3rd consecutive volume-driven gain has it rallying well above prior highs. Still faces some resistance due to overhead supply up to the $913 level. Reported Mar '24 quarterly earnings +33% on +19% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$329.31	+4.19 1.29%	$332.00	$338.09	-2.60%	831,543 83.07%	1,001,000
Most Recent Note for TT - 6/12/2024 12:57:50 PM Consolidating above its 50 DMA line ($315) and perched within close striking distance of its all-time high. Reported Mar '24 quarterly earnings +38% on +15% sales revenues versus the year-ago period, improving after 3 quarterly earnings increases below the +25% minimum guideline (C criteria). Fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria).
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TYL - NYSE - COMPUTER SOFTWARE & SERVICES - Information Technology Service Tyler Technologies Inc	$483.60	+1.63 0.34%	$490.06	$500.49	-3.38%	145,601 67.10%	217,000
Most Recent Note for TYL - 6/12/2024 12:59:35 PM Reported earnings +25% on +9% sales revenues for the Mar '24 quarter versus the year-ago period. The Computer-Tech Services firm's prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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URI - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services United Rentals Inc	$644.08	+16.10 2.56%	$668.31	$732.37	-12.06%	392,488 74.90%	524,000
Most Recent Note for URI - 6/12/2024 1:00:56 PM Today's early gain helped it rebound near its 50 DMA line ($670) which may now act as resistance. It was dropped from the Featured Stocks list on 2/16/24. Reported Mar '24 quarterly earnings +15% on +6% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain.
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WHD - NYSE - Oil&Gas-Machinery/Equip Cactus Inc	$54.54	+1.76 3.33%	$54.55	$57.00	-4.32%	404,521 71.22%	568,000
Most Recent Note for WHD - 6/12/2024 1:02:23 PM Rebounding furtehr above its 50 DMA line toward prior highs with today's solid gain. Reported Mar '24 quarterly earnings +17% on +20% sales revenues versus the year ago period, breaking a streak of quarterly earnings increases above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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