Mid-Day Breakouts Report - Thursday, July 18th, 2024

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 18TH, 2024
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DOW 41090.8 -107.28 (-0.26%) | NASDAQ 17867.17 -129.75 (-0.72%) | S&P 500 5568.19 -20.08 (-0.36%)

Time of Screening : 7/18/2024 11:38:22 AM Report Released : 7/18/2024 12:18:26 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
NVO - NYSE Novo Nordisk A/S Adr	$128.41	-7.01 -5.18%	$134.97	4,077,108 111.34% of 50 DAV 50 DAV is 3,662,000	$148.15 -13.32%	6/7/2024	$143.06	PP = $138.38 MB = $145.30
Most Recent Note - 7/18/2024 12:01:52 PM G - Abruptly slumping with heavier volume behind today's damaging loss. Color code was changed to green after violating its 50 DMA line ($138.08) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2024. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
CFB - NASDAQ - Banks-Midwest Crossfirst Bankshares	$18.13	+0.28 1.54%	$18.26	$18.13	-0.03%	185,903 67.11%	277,000
Most Recent Note for CFB - 7/18/2024 11:39:32 AM Hitting a new 52-week high with today's 8th consecutive volume-driven gain. Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria).
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COF - NYSE - FINANCIAL SERVICES - Credit Services Capital One Financial Cp	$151.84	+2.37 1.59%	$153.35	$151.34	0.33%	1,532,684 68.85%	2,226,000
Most Recent Note for COF - 7/18/2024 11:40:27 AM Hit a new 52-week high today. Fundamental concerns remain.
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CTAS - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Cintas Corp	$761.65	+41.87 5.82%	$773.78	$727.04	4.76%	271,510 69.44%	391,000
Most Recent Note for CTAS - 7/18/2024 11:41:04 AM Hitting new 52-week and all-time highs with today's gap up and considerable volume-driven gain. Fundamental concerns remain after it reported earnings +20% on +8% sales revenues for the May '24 quarter versus the year ago period. Prior quarterly comparisons were also below the +25% minimum earnings (C criteria) guideline. Annual earnings (A criteria) have been strong and steady.
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$186.43	+3.43 1.87%	$192.38	$192.96	-3.38%	90,994 107.05%	85,000
Most Recent Note for HOV - 7/18/2024 11:44:58 AM Rallied to hit new multi-year highs with recent volume-driven gains. Reported improved earnings in the Oct '23, Jan and Apr '24 quarters versus the year ago periods. Fundamental concerns remain, as subpar sales revenues growth plus prior quarterly and annual earnings history (C and A criteria) do not a match with the fact-based investment system's guidelines.
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IMMR - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Immersion Corporation	$12.50	+0.23 1.83%	$12.88	$13.32	-6.19%	344,872 52.02%	663,000
Most Recent Note for IMMR - 7/18/2024 11:45:59 AM Perched at its 52-week high today while on track for a 7th consecutive volume-driven gain. Found support above its 50 DMA line ($9.90) during its consolidation since a noted "negative reversal" on 6/18/24. 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 growth has been strong.
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ISRG - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Intuitive Surgical Inc	$420.59	-5.64 -1.32%	$427.33	$449.00	-6.33%	1,307,188 99.10%	1,319,000
Most Recent Note for ISRG - 7/18/2024 11:48:50 AM Slumping under its 50 DMA line ($418) with recent volume-driven losses from its all-time high. Reported Mar '24 quarterly earnings +22% on +11% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Went through a deep consolidation from its high hit after a 3:1 share split effective 10/05/21. Annual earnings (A criteria) history has been up and down.
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KBH - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction K B Home	$83.10	+2.38 2.95%	$83.74	$82.79	0.37%	2,316,396 159.09%	1,456,000
Most Recent Note for KBH - 7/18/2024 11:50:17 AM Rallied above its 50 DMA line ($69) with a recent spurt of volume-driven gains to new 52-week highs, approaching its all-time high. Reported earnings +11% on -3% sales revenues for the May '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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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$174.69	+8.21 4.93%	$177.79	$172.59	1.21%	1,759,884 78.39%	2,245,000
Most Recent Note for LEN - 7/18/2024 11:52:09 AM Rallied from below its 50 DMA line ($156) to hit a new all-time high with today's gain adding to recent volume-driven gains. Reported earnings +17% on +9% sales revenues for the May '24 quarter versus the year-ago period, its 7th quarterly comparison below the +25% minimum guideline (C criteria). There was a downturn in its FY '23 annual earnings history (A criteria).
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$857.52	-48.08 -5.31%	$909.87	$966.10	-11.24%	2,743,347 103.06%	2,662,000
Most Recent Note for LLY - 7/18/2024 11:53:34 AM Abruptly pulling back from its all-time high with today's big 3rd consecutive volume-driven loss violating its 50 DMA line ($855). Reported Mar '24 quarterly earnings +59% on +26% sales revenues versus the year-ago period. Fundamental concerns remain as the 2 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It has made impressive price progress since dropped from the Featured Stocks list on 8/11/22.
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LPX - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production Louisiana Pacific Corp	$90.63	+1.17 1.31%	$91.08	$95.70	-5.30%	612,816 56.53%	1,084,000
Most Recent Note for LPX - 7/18/2024 11:54:55 AM Rebounding toward its all-time high with below average volume behind recent gains from below its 50 DMA line ($87.57). Reported Mar '24 quarterly earnings +350% on +24% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history has been erratic. Not a match with the fact-based investment system's fundamental guidelines.
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MTH - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Meritage Homes Corp	$200.09	+10.07 5.30%	$205.20	$193.53	3.39%	301,739 67.20%	449,000
Most Recent Note for MTH - 7/18/2024 11:57:12 AM Rallying from support at its 200 DMA line last week to hit a new all-time high with today's big gain. 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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NBN - NASDAQ - BANKING - Regional - Northeast Banks Northeast Bancorp	$68.72	-0.18 -0.26%	$69.74	$69.50	-1.12%	26,351 94.11%	28,000
Most Recent Note for NBN - 7/18/2024 11:58:06 AM Perched at its all-time high following a noted streak of 7 consecutive volume-driven gains. Reported Mar '24 quarterly earnings +8% on +14% sales revenues versus the year ago period. Prior quarterly comparisons were sub par.
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NFLX - NASDAQ - SPECIALTY RETAIL - Music & Video Stores Netflix Inc	$642.82	-4.64 -0.72%	$657.04	$697.49	-7.84%	1,480,661 50.14%	2,953,000
Most Recent Note for NFLX - 7/18/2024 11:59:46 AM After wedging to new 52-week highs with noted gains lacking great volume conviction it has slumped below its 50 DMA line ($651.48) with recent volume-driven losses. Noted with caution in the 4/24/24 mid-day report - "Reported very strong Mar '24 quarterly earnings +83% on +15% sales revenues versus the year ago period. Not a match with the winning models of the fact-based investment system. Prior earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20."
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NYT - NYSE - MEDIA - Publishing - Newspapers New York Times Co Cl A	$52.49	-0.80 -1.50%	$53.53	$54.36	-3.44%	643,139 59.55%	1,080,000
Most Recent Note for NYT - 7/18/2024 12:04:22 PM Pulling back from its 52-week high following a streak of 5 consecutive gains. Its 50 DMA line ($50.43) defines near-term support to watch above prior highs in the $49 area. Reported Mar '24 quarterly earnings +63% on +6% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria) versus the year-ago period but with lackluster sales revenues growth. Annual earnings (A criteria) growth had a downturn in FY '22. Found support near its 200 DMA line in recent months when consolidating.
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$127.12	+5.40 4.43%	$129.85	$124.80	1.85%	1,085,288 60.94%	1,781,000
Most Recent Note for PHM - 7/18/2024 12:05:25 PM Hitting a new 52-week high today, it rebounded above its 50 DMA line last week and made quick progress with volume-driven gains. Reported earnings +32% on +10% sales revenues for the Mar '24 quarter versus the year-ago period, but 3 prior quarterly comparisons were well below the +25% minimum guideline (C criteria) and fundamental concerns remain. It found support above its 200 DMA line and then rallied impressively since dropped from the Featured Stocks list on 8/25/23.
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SPNS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Sapiens Intl Corp	$39.10	-0.12 -0.30%	$39.61	$39.55	-1.13%	87,962 66.14%	133,000
Most Recent Note for SPNS - 7/18/2024 12:08:05 PM Powered to a new 52-week high with above average volume behind a noted streak of 5 consecutive gains. Found support recently while consolidating above its 50 DMA line ($34.41). Fundamental concerns remain. Quarterly comparisons through Mar '24 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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TBBK - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Bancorp Inc	$50.87	+1.77 3.60%	$50.97	$50.36	1.01%	279,225 51.61%	541,000
Most Recent Note for TBBK - 7/18/2024 12:08:35 PM Hitting new all-time highs with today's 21st gain in the span of 22 sessions. Reported Mar '24 quarterly earnings +20% on +8% sales revenues versus the year-ago period, breaking a streak of 5 quarterly earnings increases above the +25% minimum guideline (C criteria). It was dropped from the Featured Stocks list on 4/05/24 and went through a deep consolidation below its 200 DMA line.
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URI - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services United Rentals Inc	$739.42	+15.83 2.19%	$759.98	$743.24	-0.51%	328,251 59.90%	548,000
Most Recent Note for URI - 7/18/2024 12:17:19 PM Rebounded above its 50 DMA line ($661) with recent volume-driven gains and hit a new all-time high with today's gain. Found support well above its 200 DMA line during the consolidation after Idropped 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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