Mid-Day Breakouts Report - Thursday, July 29th, 2021

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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 29TH, 2021
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DOW 35138.45 207.52 (0.59%) | NASDAQ 14762.58 102.01 (0.70%) | S&P 500 4400.64 -0.82 (-0.02%)

Time of Screening : 7/29/2021 12:01:50 PM Report Released : 7/29/2021 1:07:40 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
PKI - NYSE Perkinelmer Inc	$178.18	+3.72 2.13%	$178.67	499,944 67.84% of 50 DAV 50 DAV is 737,000	$175.28 1.65%	7/26/2021	$168.06	PP = $162.80 MB = $170.94
Most Recent Note - 7/29/2021 12:48:04 PM G - Rallied above its "max buy" level hitting another new all-time high today and its color code is changed to green. Bullish action came after it reported earnings +80% on +51% sales revenues for the Jun '21 quarter versus the year ago period. Prior high ($162) defines initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2021. Click here.
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PYPL - NASDAQ PayPal Holdings, Inc	$286.49	-15.49 -5.13%	$289.00	10,531,188 181.23% of 50 DAV 50 DAV is 5,811,000	$310.16 -7.63%	7/27/2021	$296.69	PP = $307.82 MB = $323.21
Most Recent Note - 7/29/2021 12:57:42 PM G - Color code is changed to green following a gap down today after it reported Jun '21 quarterly earnings +7% on +19% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Volume and volatility often increase near earnings news. It was highlighted in yellow in the 7/27/21 mid-day report with new pivot point cited based on its 7/13/21 high after a cup-with-handle base while noted - "Subsequent gains above its pivot point backed by at least +40% above average volume may trigger a new buy signal. Reported Mar '21 quarterly earnings +85% on +31% sales revenues versus the year ago period, its 4th strong comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady." >>> The latest Featured Stock Update with an annotated graph appeared on 7/28/2021. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACBI - NASDAQ - Banks-Southeast Atlantic Capital Bancshares	$24.79	-0.01 -0.04%	$25.07	$28.93	-14.31%	117,261 102.86%	114,000
Most Recent Note for ACBI - 7/29/2021 12:03:40 PM Consolidating below its 50 DMA and it announced M&A news on 7/23/21. Noted with caution in prior mid-day reports - "Prior quarterly and annual earnings history (C and A criteria) has not been strong and steady."
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ALGN - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Align Technology Inc	$663.75	+41.88 6.73%	$665.94	$653.86	1.51%	609,898 108.33%	563,000
Most Recent Note for ALGN - 7/29/2021 12:09:19 PM Gapped up today and rallied to a new all-time high. Pulled back last week retesting support near its 50 DMA line ($609). Reported strong earnings on +187% sales revenues for the Jun '21 quarter versus the year ago period, its 4th very strong comparison with earning growth well above the +25% minimum guideline (C criteria). A downturn in FY '20 earnings from the prior year is a small flaw in its impressive annual earnings (A criteria) history.
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BCS - NYSE - BANKING - Money Center Banks Barclays Plc Adr	$9.94	+0.23 2.32%	$10.06	$10.78	-7.84%	3,299,934 71.60%	4,609,000
Most Recent Note for BCS - 7/29/2021 12:11:13 PM Erratic quarterly and annual earnings history (C and A criteria).
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$359.86	-13.42 -3.60%	$365.52	$377.55	-4.69%	16,018,099 104.04%	15,396,000
Most Recent Note for FB - 7/29/2021 12:13:47 PM Gapped down today, retreating from its all-time high. Very extended from any sound base. Found support above its 50 DMA line. Reported earnings +101% on +56% sales revenues for the Jun '21 quarter versus the year-ago period. The past 3 quarterly comparisons have been well above the +25% minimum earnings guideline (C criteria) with impressive acceleration in its sales revenues growth rate. Downturn in FY '19 earnings versus the year ago broke its streak of strong annual earnings increases (A criteria). Not a good match with most winning models of the fact-based investment system. Large supply of shares outstanding (S criteria) and as of Jun '21 it is heavily owned by 5,267 top-rated mutual funds. Stocks with a small supply and just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal.
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FIVN - NASDAQ - Computer Sftwr-Enterprse Five9 Inc	$207.48	+10.49 5.32%	$211.44	$201.75	2.84%	1,392,483 120.67%	1,154,000
Most Recent Note for FIVN - 7/29/2021 12:14:06 PM Gapped up on 7/19/21 and posted volume-driven gains for new highs following M&A news with Zoom Video Comm (ZM). Reported Mar '21 quarterly earnings +35% on +45 sales revenues versus the year ago period, its 3rd strong comparison. Prior 4 quarterly earnings increases were below the +25% minimum guideline (C criteria).
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GMED - NYSE - CHEMICALS - Specialty Chemicals Globus Medical Inc Cl A	$83.05	+0.06 0.07%	$83.58	$83.94	-1.07%	323,814 76.19%	425,000
Most Recent Note for GMED - 7/29/2021 12:15:38 PM Perched at its 52-week high after recently wedging higher with gains lacking great volume conviction. Reported earnings +69% on +19% sales revenues for the Mar '21 quarter but fundamental concerns remain. It was dropped from the Featured Stocks list on 11/28/18.
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INOV - NASDAQ - COMPUTER SOFTWARE and SERVICES - Healthcare Information Service Inovalon Holdings, Inc	$36.97	+0.17 0.46%	$38.61	$37.52	-1.47%	289,947 65.90%	440,000
Most Recent Note for INOV - 7/29/2021 12:17:35 PM Powered to a new 52-week high with a gap up and volume-driven gain on 7/27/21 and hitting another new high with today's gain. Very extended from any sound base. Found support at its 50 DMA line ($32.69) in recent months when consolidating. Reported improved results in the Dec '20, Mar and Jun '21 quarters but fundamental concerns remain.
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IPAR - NASDAQ - CONSUMER NON-DURABLES - Personal Products Inter Parfums Inc	$75.77	-0.65 -0.85%	$77.06	$78.62	-3.63%	79,186 87.02%	91,000
Most Recent Note for IPAR - 7/29/2021 12:23:56 PM Gapped up and rebounded above its 50 DMA line ($73.48) with a big volume-driven gain when last noted with caution in the 7/20/21 mid-day report - "Reported earnings +172% on +37% sales revenues for the Mar '21 quarter versus the year ago period. Prior quarterly earnings increases have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down."
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ISBC - NASDAQ - BANKING - Regional - Mid-Atlantic Banks Investor Bancorp Inc	$14.17	-0.29 -1.97%	$14.37	$15.71	-9.83%	1,895,196 99.90%	1,897,000
Most Recent Note for ISBC - 7/29/2021 12:27:49 PM Reported earnings +89% on -4% sales revenues for the Jun '21 quarter versus the year ago period. It has solid quarterly earnings increases with lackluster sales revenues growth. Its annual earnings (A criteria) growth has been steady.
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ISTR - NASDAQ - Banks-Southeast Investar Holding Corp	$21.88	+0.31 1.44%	$21.95	$23.69	-7.64%	85,926 103.53%	83,000
Most Recent Note for ISTR - 7/29/2021 12:29:34 PM This Bank has been sputtering below its 50 DMA line since last noted with caution when perched near its 52-week high in the 6/25/21 mid-day report - "Reported strong Mar '21 quarterly earnings results but fundamental concerns remain. Quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) and sales revenues growth has been sub par. Annual earnings history is not a match with the fact-based investment system's guidelines."
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LKQ - NASDAQ - Retail/Whlsle-Auto Parts L K Q Corp	$51.31	+1.39 2.78%	$52.99	$51.93	-1.19%	1,644,349 95.32%	1,725,000
Most Recent Note for LKQ - 7/29/2021 12:31:16 PM Touched a new all-time high with today's volume-driven gain. Reported earnings +113% on +31% sales revenues for the Jun '21 quarter versus the year ago period, its 2nd strong comparison. Prior comparisons were near the +25% minimum earnings guideline (C criteria) but with waning sales revenues. Went through a deep consolidation since since noted with caution in the 10/31/19 mid-day report.
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LRCX - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Lam Research Corp	$605.11	-29.89 -4.71%	$614.51	$673.80	-10.19%	1,667,436 145.25%	1,148,000
Most Recent Note for LRCX - 7/29/2021 12:36:59 PM Gapped down today from near its all-time high and slumped back below its 50 DMA line ($630). That short-term average which may act as resistance, and it faces resistance due to overhead supply up to the $670 level. This widely held Electronics - Semiconductor Equipment firm reported Jun '21 quarterly earnings +69% on +48% sales revenues versus the year ago period, its 5th strong quarterly comparison. Its annual earnings history (A criteria) included a downturn in FY '19.
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LYG - NYSE - BANKING - Foreign Regional Banks Lloyds Banking Group Adr	$2.53	-0.05 -1.94%	$2.56	$2.83	-10.60%	5,347,888 99.15%	5,394,000
Most Recent Note for LYG - 7/29/2021 12:38:30 PM Reported Jun '21 quarterly results. Remains below its 50 DMA line. Noted with caution repeatedly in prior mid-day reports - "UK - based Financial firm has an erratic earnings history."
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MPWR - NASDAQ - ELECTRONICS - Semiconductor - Specialized Monolithic Power Systems	$435.41	+4.41 1.02%	$436.44	$432.01	0.79%	231,050 65.83%	351,000
Most Recent Note for MPWR - 7/29/2021 12:42:50 PM Hitting new all-time highs with today's 2nd consecutive volume-driven gain, getting extended from the prior high in the $406 area. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings +68% on +58% sales revenues for the Jun '21 quarter versus the year ago period, its 4th consecutive strong quarter above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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NAVI - NASDAQ - Financial Svcs-Specialty Navient Corporation	$20.28	+0.41 2.06%	$20.29	$20.80	-2.50%	1,212,258 73.34%	1,653,000
Most Recent Note for NAVI - 7/29/2021 12:44:05 PM Churning above average volume in recent weeks while hovering near multi-year highs. Reported Jun '21 quarterly earnings +8% on -12% sales revenues versus the year ago period and fundamental concerns remain.
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OMCL - NASDAQ - COMPUTER HARDWARE - Computer Based Systems Omnicell Inc	$141.44	-6.73 -4.54%	$149.44	$154.92	-8.70%	183,525 84.19%	218,000
Most Recent Note for OMCL - 7/29/2021 12:45:02 PM Undercutting its 50 DMA line ($145) with today's volume-driven loss after recently consolidating near its all-time high. Noted with caution in prior mid-day reports - "Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included downturns in FY '17 and '20, flaws concerning the fundamental guidelines of the fact-based investment system."
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PRFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Perficient Inc	$92.09	+5.58 6.45%	$94.29	$87.51	5.23%	214,229 73.62%	291,000
Most Recent Note for PRFT - 7/29/2021 12:50:05 PM Very extended from any sound base, it gapped up today hitting another new all-time high, adding to an impressive spurt of gains backed by above average volume. Reported earnings +47% on +26% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd strong comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady, a good match with the winning models of the fact-based investment system.
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PTC - NASDAQ - Computer Sftwr-Design P T C Inc	$133.44	-11.82 -8.13%	$137.50	$153.73	-13.20%	872,763 162.53%	537,000
Most Recent Note for PTC - 7/29/2021 12:52:42 PM Reported Jun '21 quarterly earnings +34% on +24% sales revenues versus the year ago period. Abruptly pulling back from its all-time high, it gapped down today violating its 50 DMA line ($138). The past 3 quarterly comparisons showed earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth has been good after a downturn in FY '16 and '17.
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PTSI - NASDAQ - TRANSPORTATION - Trucking P A M Transportation Sv	$62.55	-0.04 -0.06%	$64.03	$66.29	-5.64%	13,871 138.71%	10,000
Most Recent Note for PTSI - 7/29/2021 12:54:18 PM Reported strong Jun '21 quarterly results versus the year ago period. Found support at its 200 DMA line during its consolidation since last noted with caution in the 3/09/21 mid-day report - "Quarterly and annual earnings (C and A criteria) history has not been a good match with the fact-based investment system's criteria. Sub par sales revenues growth is a concern."
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SNX - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synnex Corp	$117.00	-1.11 -0.94%	$118.94	$130.55	-10.38%	247,241 95.09%	260,000
Most Recent Note for SNX - 7/29/2021 12:58:58 PM Still sputtering below its 50 DMA line ($121) which acted as resistance following volume-driven losses. Reported earnings +66% on +31% sales revenues for the May '21 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the minimum +25% earnings guideline (C criteria) with its sales revenues growth rate showing acceleration.
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STLD - NASDAQ - Steel-Producers Steel Dynamics Inc	$64.93	+3.67 5.99%	$64.94	$66.88	-2.92%	2,156,141 98.72%	2,184,000
Most Recent Note for STLD - 7/29/2021 1:00:21 PM Gapped up today rebounding above its 50 DMA line ($61.42). Last noted in the 7/20/21 mid-day report - "Reported earnings +623% on +113% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings history (A criteria). It was dropped from the Featured Stocks List on 8/9/2007."
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TPX - NYSE - MANUFACTURING - Textile Manufacturing Tempur Sealy Intl Inc	$43.17	+5.53 14.69%	$43.38	$42.60	1.34%	2,689,043 157.90%	1,703,000
Most Recent Note for TPX - 7/29/2021 1:01:32 PM Spiking to a new all-time high with today's big volume-driven gain. Reported earnings +295% on +76% sales revenues for the Jun '21 quarter versus the year ago period, its 4th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Downturn in FY '17 and '18 is a flaw in its annual earnings history (A criteria).
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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$10.06	+0.59 6.18%	$10.08	$11.28	-10.86%	7,581,690 125.26%	6,053,000
Most Recent Note for UMC - 7/29/2021 1:02:20 PM Faces some resistance due to overhead supply up to the $11.25 level. Reported Jun '21 quarterly earnings +100% on +21% sales revenues versus the year ago period. Recent quarters showed solid earnings and improved sales revenues increases satisfying the C criteria. Annual earnings (A criteria) history included a downturn in FY '18.
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WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$80.02	+1.01 1.28%	$81.08	$88.05	-9.12%	100,886 88.50%	114,000
Most Recent Note for WIRE - 7/29/2021 1:05:17 PM Gapped up on the prior session rebounding above its 50 DMA line and hitting a new all-time high. Reported earnings +999% on +194% sales revenues for the Jun '21 quarter versus the year ago period, its 4th strong earnings comparison. Showed impressive acceleration in its sales revenues growth rate in sequential comparisons. Fundamental concerns remain. Prior mid-day reports noted - "Erratic annual earnings (A criteria) history makes it a questionable candidate, fundamentally."
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WST - NYSE - Medical-Supplies West Pharmaceutical Svcs	$400.83	+16.82 4.38%	$407.00	$385.30	4.03%	263,811 72.88%	362,000
Most Recent Note for WST - 7/29/2021 1:07:34 PM Hitting a new all-time high and very extended from any sound base. Reported earnings +97% on +37% sales revenues for the Jun '21 quarter versus the year ago period, its 6th strong quarterly comparison while sequential comparisons have shown acceleration in its sales revenues growth rate.
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