Mid-Day Breakouts Report - Monday, July 10th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, JULY 10TH, 2023
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DOW 33828.03 93.15 (0.28%) | NASDAQ 13602.86 -57.86 (-0.42%) | S&P 500 4393.43 -5.52 (-0.13%)

Time of Screening : 7/10/2023 12:23:41 PM Report Released : 7/10/2023 12:54:07 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
FTNT - NASDAQ Fortinet Inc	$78.29	+3.61 4.83%	$78.53	3,654,538 67.66% of 50 DAV 50 DAV is 5,401,000	$77.71 0.75%	7/10/2023	$78.29	PP = $74.45 MB = $78.17
Most Recent Note - 7/10/2023 12:35:14 PM Y - Color code is changed to yellow with new pivot point cited based on its 12/29/21 high plus 10 cents. Hitting a new all-time high with today's gain. A strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Reported Mar '23 quarterly earnings +79% on +32% sales revenues versus the year-ago period, its 4th strong earnings comparison above the +25% minimum (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 8/3/2020. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABG - NYSE - SPECIALTY RETAIL - Auto Dealerships Asbury Automotive Group	$242.44	-1.25 -0.51%	$248.00	$253.67	-4.43%	149,471 68.56%	218,000
Most Recent Note for ABG - 7/10/2023 12:25:19 PM Perched within striking distance of its all-time high. Reported -10% earnings on -8% sales revenues for the Mar '23 quarter versus the year ago period. Prior quarterly comparisons were well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong after a big downturn in FY '08 and '09.
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AN - NYSE - SPECIALTY RETAIL - Auto Dealerships Autonation Inc	$173.37	+2.03 1.18%	$174.13	$173.67	-0.17%	351,123 60.75%	578,000
Most Recent Note for AN - 7/10/2023 12:27:03 PM Wedging higher, hitting another new all-time high with today's 6th consecutive gain. Last noted with caution in the 6/13/23 mid-day report - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year ago period, and the 2 prior quarterly comparisons also were below the +25% minimum guideline (C criteria). It was dropped from the Featured Stocks list on 9/09/22."
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$23.17	+0.04 0.17%	$23.49	$26.50	-12.57%	255,428 95.67%	267,000
Most Recent Note for DFH - 7/10/2023 12:27:39 PM Consolidating near its 52-week high following a recently noted spurt of gains marked by volume. Faces little resistance due to overhead supply. Quarterly results through Dec '22 were strong, but Mar '23 quarterly earnings rose +7% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria).
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$9.99	+0.03 0.30%	$10.40	$10.99	-9.10%	105,690 179.14%	59,000
Most Recent Note for ELTK - 7/10/2023 12:27:50 PM Hovering near multi-year highs after an impressive spurt higher. Noted with caution in prior mid-day reports -"Fundamental concerns remain."
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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$153.79	+0.84 0.55%	$154.12	$156.87	-1.96%	47,409 75.25%	63,000
Most Recent Note for FSV - 7/10/2023 12:28:14 PM Canadian firm in Real Estate Development/Operations rebounded above its 50 DMA line and rallied to new 52-week highs with volume-driven gains. Faces some old resistance due to overhead supply up to the $200 level. Prior mid-day reports noted - "Reported earnings +16% on +22% sales revenues for the Mar '23 quarter versus the year-ago period, and prior quarterly comparisons were also well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '22."
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$78.73	+6.43 8.89%	$79.99	$75.17	4.74%	44,300 221.50%	20,000
Most Recent Note for GRVY - 7/10/2023 12:36:33 PM This Korean Computer Software firm is powering to a new 52-week high with today's big volume-driven gain. Faces resistance due to overhead supply up to the $116 level. Reported very strong Dec '22 and Mar '23 results but prior quarterly comparisons showed waning and sub-par sales revenues with lower earnings versus the year-ago periods.
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INMD - NASDAQ - Medical-Systems/Equip Inmode Ltd	$39.45	+1.38 3.62%	$39.86	$41.84	-5.71%	942,346 68.63%	1,373,000
Most Recent Note for INMD - 7/10/2023 12:38:49 PM Perched within close striking distance of its 52-week high with today's gain. Reported Mar '23 quarterly earnings +30% on +23% sales revenues versus the year ago period, an improvement after 4 consecutive quarterly comparisons below the fact-based investment system's +25% minimum earnings guideline (C criteria). A 2:1 split impacted share price on 10/02/21. This Israel-based Medical - Systems/Equipment firm completed its $14 IPO on 8/08/19.
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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$25.72	-0.57 -2.17%	$26.47	$26.75	-3.85%	126,811 79.26%	160,000
Most Recent Note for LMB - 7/10/2023 12:39:37 PM Perched near its all-time high, very extended from any sound base. Fundamental concerns remain.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$328.38	-8.85 -2.62%	$335.23	$351.47	-6.57%	16,562,654 60.18%	27,524,000
Most Recent Note for MSFT - 7/10/2023 12:43:19 PM Pulling back toawrd its 50 DMA line ($$324.87). Stalled after touching a new all-time high and a "negative reversal" when last noted with caution in the 6/16/23 mid-day report - "Reported earnings +10% on +7% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons, sequentially, showed a deceleration in its sales revenues growth rate and earnings increases below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady. It is already owned by 9,401 top-rated funds."
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PCAR - NASDAQ - AUTOMOTIVE - Trucks & Other Vehicles Paccar Inc	$84.71	+2.40 2.92%	$84.96	$85.18	-0.55%	1,403,847 59.56%	2,357,000
Most Recent Note for PCAR - 7/10/2023 12:44:26 PM Perched at its all-time high. Reported Mar '23 quarterly earnings +96% on +32% sales revenues versus the year-ago period, its 6th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic.
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PCYG - NASDAQ - Comp Sftwr-Spec Enterprs Park City Group Inc	$9.17	-0.13 -1.40%	$9.30	$10.50	-12.67%	41,436 101.06%	41,000
Most Recent Note for PCYG - 7/10/2023 12:45:31 PM Pulling back after challenging its Feb '22 high following gains backed by above-average volume. This thinly-traded Computer Software firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 3 quarterly comparisons through Mar '23 versus the year-ago periods. Quarterly sales revenues totals have been in the $4-5 million range, rather minuscule, and its sales revenues growth rate has not been strong. Annual earnings included a downturn in FY '20.
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SLB - NYSE - Oil&Gas-Field Services SLB	$53.11	-0.24 -0.45%	$53.53	$59.45	-10.66%	5,785,056 58.57%	9,878,000
Most Recent Note for SLB - 7/10/2023 12:48:02 PM Rebounded above its 200 DMA line ($49.63) with a big volume-driven gain on the prior session. Faces resistance due to overhead supply up to the $59 level. Reported Mar '23 quarterly earnings +85% on +30% sales revenues versus the year-ago period, its 8th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Annual earnings (A criteria) have been up and down.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$266.19	+6.18 2.38%	$269.04	$270.18	-1.48%	1,591,538 58.75%	2,709,000
Most Recent Note for SMCI - 7/10/2023 12:48:47 PM Consolidating near its all-time high. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$26.14	-0.20 -0.74%	$26.47	$27.52	-5.03%	75,215 57.86%	130,000
Most Recent Note for SPNS - 7/10/2023 12:48:56 PM Fundamental concerns remain. Quarterly comparisons through Mar '23 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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SWAV - NASDAQ - Medical-Systems/Equip Shockwave Medical	$275.06	+13.29 5.08%	$285.72	$320.54	-14.19%	498,278 79.60%	626,000
Most Recent Note for SWAV - 7/10/2023 12:50:36 PM Today's gain has it rebounding near its 50 DMA line ($284.82) which may act as resistance. Perched -13.9% off its 52-week high. Prior mid-day reports cautioned members - "Resistance remains due to overhead supply up to the $320 level. Quarterly comparisons through Mar '23 showed very strong sales revenues and earnings increases over the year-ago periods. After years of losses, it had a profitable FY '22, but its annual earnings history (A criteria) is not a match with the strict fundamental guidelines of the fact-based investment system."
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VIST - NYSE - Oil&Gas-Intl Expl&Prod Vista Energy SAB de CV	$25.04	+0.99 4.12%	$25.07	$25.31	-1.07%	428,244 71.14%	602,000
Most Recent Note for VIST - 7/10/2023 12:52:15 PM Perched near its all-time high with today's gain after holding its ground stubbornly. Mexico-based Oil & Gas firm found prompt support near its 50 DMA line ($22.11) while building an orderly base. Recent quarterly comparisons through Mar '23 showed great sales revenues and earnings increases over the year-ago periods. After big losses in prior years, it had profitable results in FY '21 and '22.
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WSO - NYSE - Bldg-A/C & Heating Prds Watsco Inc	$370.12	-0.26 -0.07%	$371.76	$383.83	-3.57%	235,887 63.93%	369,000
Most Recent Note for WSO - 7/10/2023 12:54:02 PM Perched near its all-time high after rallying from support near its 50 DMA line ($349) in recent weeks. Reported earnings -2% on +2% sales revenues for the Mar '23 quarter versus the year-ago period, well below the +25% minimum guideline (C criteria). Annual earnings growth has been strong.
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