Mid-Day Breakouts Report - Wednesday, July 26th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 26TH, 2023
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DOW 35498.06 59.99 (0.17%) | NASDAQ 14103.42 -41.13 (-0.29%) | S&P 500 4562.1 -5.36 (-0.12%)

Time of Screening : 7/26/2023 12:34:24 PM Report Released : 7/26/2023 1:10:02 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
HUBB - NYSE Hubbell Inc	$313.03	-5.50 -1.73%	$321.85	474,697 119.27% of 50 DAV 50 DAV is 398,000	$340.06 -7.95%	4/25/2023	$262.85	PP = $257.51 MB = $270.39
Most Recent Note - 7/26/2023 12:41:18 PM G - Abruptly retreating from its all-time high with today's 2nd consecutive volume-driven loss testing its 50 DMA line ($311) which defines initial support to watch on pullbacks. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 6/22/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALLE - NYSE - Security/Sfty Allegion plc Adr	$117.40	-9.67 -7.61%	$123.43	$128.36	-8.54%	1,055,903 145.04%	728,000
Most Recent Note for ALLE - 7/26/2023 12:36:23 PM Gapped down today abruptly retreating from its 52-week high with a big loss. Reported earnings +23% for the Jun '23 quarter versus the year ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum guideline (C criteria), not a match with the fact-based investment system's guidelines, leaving fundamental concerns.
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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$44.78	+0.77 1.75%	$45.20	$45.30	-1.15%	204,461 115.51%	177,000
Most Recent Note for CAMT - 7/26/2023 12:39:05 PM Perched at its 52-week high following recent volume-driven gains. Prior mid-day reports cautioned members - "Fundamental concerns remain after it reported Mar '23 quarterly earnings -5% on -6% sales revenues versus the year ago period. Faces resistance due to overhead supply up to the $48 level after a deep consolidation since dropped from the Featured Stocks list on 1/19/22."
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DDOG - NASDAQ - Computer Sftwr-Enterprse Datadog Inc	$109.96	-5.34 -4.63%	$112.70	$120.75	-8.94%	3,411,992 80.09%	4,260,000
Most Recent Note for DDOG - 7/26/2023 12:40:30 PM Gapped down today. Wedged from a short flat base with gains lacking volume and prior mid-day reports noted - "It faces resistance due to overhead supply up to the $199 level. Reported Mar '23 quarterly earnings +17% on +33% sales revenues versus the year-ago period, breaking a streak of quarterly comparisons above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19."
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MANH - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Manhattan Associates Inc	$186.30	-7.02 -3.63%	$197.21	$208.31	-10.57%	351,848 90.45%	389,000
Most Recent Note for MANH - 7/26/2023 12:45:58 PM Violating its 50 DMA line with today's loss. Patient investors may watch for it to possibly form a proper base and be noted in the weeks ahead. Earnings increases were above the +25% minimum guideline in the 3 latest quarterly comparisons through Jun '23. Annual earnings growth has been strong.
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MHO - NYSE - MATERIALS & CONSTRUCTION - Residential Construction M I Homes Inc	$95.82	+2.05 2.19%	$98.00	$95.12	0.74%	250,163 78.67%	318,000
Most Recent Note for MHO - 7/26/2023 12:47:32 PM Hitting a new all-time high. Reported Jun '23 quarterly earnings -14% versus the year-ago period, its 2nd subpar quarter. The 3 prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Strong quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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MMSI - NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies Merit Medical Systems	$74.76	-6.77 -8.30%	$78.00	$85.62	-12.68%	544,364 195.11%	279,000
Most Recent Note for MMSI - 7/26/2023 12:48:41 PM Gapped down today encountering distributional pressure and slumping to its 200 DMA line. Reported Jun '23 quarterly earnings +11% on +9% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with lackluster sales revenues growth. Annual earnings history (A criteria) has steady after a downturn in FY '19. Completed a new Public offering on 7/25/18.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$336.41	-14.57 -4.15%	$344.67	$366.78	-8.28%	33,452,131 116.29%	28,767,000
Most Recent Note for MSFT - 7/26/2023 12:50:57 PM Retreating from its all-time high and testing its 50 DMA line ($333) with another volume-driven loss. Reported earnings +21% on +8% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly comparisons showed subpar sales revenues growth 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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NATI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services National Instrument Corp	$58.93	+0.98 1.68%	$59.01	$58.30	1.07%	3,201,829 256.15%	1,250,000
Most Recent Note for NATI - 7/26/2023 12:51:08 PM Following M&A news and big volume-driven gains it is consolidating in a tight range near its all-time high. Quarterly comparisons versus the year earlier have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$51.58	-1.28 -2.42%	$52.91	$55.61	-7.25%	833,397 76.81%	1,085,000
Most Recent Note for NVT - 7/26/2023 12:51:51 PM Pulling back from its all-time high with today's 6th consecutive loss after getting extended from any sound base. Earnings increases in the Sep, Dec '22, and Mar '23 quarters versus the year-ago periods were above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show a deceleration in its sales revenues growth rate.
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OC - NYSE - Bldg-Constr Prds/Misc Owens Corning	$137.37	+6.60 5.05%	$137.97	$138.25	-0.64%	975,790 117.57%	830,000
Most Recent Note for OC - 7/26/2023 12:52:25 PM Reported earnings +10% for the Jun '23 quarter versus the year-ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria) after a streak of stronger growth. Annual earnings (A criteria) history improved greatly after a slight downturn in FY '19.
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RUSHA - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Rush Enterprises Cl A	$67.03	+3.39 5.33%	$69.45	$64.03	4.69%	173,695 98.13%	177,000
Most Recent Note for RUSHA - 7/26/2023 12:56:03 PM Gapped up today hitting a new all-time high. Reported earnings +0% on +12% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly comparisons were also below the +25% minimum earnings guideline (C criteria). Downturn in FY'19 and '20 earnings is a flaw in its annual earnings (A criteria) history with regard to the fact-based investment system's fundamental guidelines.
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RUSHB - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Rush Enterprises Cl B	$73.70	+3.12 4.42%	$75.08	$71.09	3.67%	14,650 97.67%	15,000
Most Recent Note for RUSHB - 7/26/2023 12:56:27 PM Gapped up today hitting a new all-time high. Reported earnings +0% on +12% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly comparisons were also below the +25% minimum earnings guideline (C criteria). Downturn in FY'19 and '20 earnings is a flaw in its annual earnings (A criteria) history with regard to the fact-based investment system's fundamental guidelines.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$19.16	+0.65 3.51%	$19.24	$18.97	1.00%	5,030,566 131.14%	3,836,000
Most Recent Note for STLA - 7/26/2023 12:57:39 PM Gapped up today for a volume-driven gain and new 52-week high. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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STVN - NYSE - Medical-Services Stevanato Group S P A	$33.15	+0.46 1.39%	$33.15	$34.33	-3.45%	249,647 82.12%	304,000
Most Recent Note for STVN - 7/26/2023 12:57:56 PM Consolidating near its all-time high after pulling back testing support at its 50 DMA line. Noted with caution in prior mid-day reports - "Faces no resistance due to overhead supply. Reported Mar '23 quarterly earnings -2% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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