Mid-Day Breakouts Report - Monday, September 9th, 2024

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MIDDAY BREAKOUTS REPORT - MONDAY, SEPTEMBER 9TH, 2024
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DOW 40882.34 536.93 (1.33%) | NASDAQ 16814.44 123.61 (0.74%) | S&P 500 5459.25 50.83 (0.94%)

Time of Screening : 9/9/2024 12:00:37 PM Report Released : 9/9/2024 12:43:44 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...

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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGX - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Argan Inc	$93.47	+3.50 3.89%	$93.48	$95.73	-2.36%	128,452 62.05%	207,000
Most Recent Note for AGX - 9/9/2024 12:06:20 PM Rebounded from below its 50 DMA line ($74.57) and hit a new 52-week high with a considerable "breakaway gap" with heavy volume on the prior session and rallying higher today. Reported Jul '24 quarterly earnings +39% on +61% sales revenues versus the year-ago period. Fundamental concerns remain. The Building -Heavy Construction firm is not a match with the fact-based investment system's fundamental guidelines.
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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$309.32	+24.32 8.53%	$310.01	$337.63	-8.38%	343,723 315.34%	109,000
Most Recent Note for CSWI - 9/9/2024 12:08:44 PM Gapped up today rebounding above its 50 DMA line ($299.59) with a gap up and big volume-driven gain following last week's damaging volume-driven losses. Reported earnings +25% on +11% sales revenues for the Jun '24 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$17.56	+0.31 1.79%	$18.17	$18.60	-5.60%	25,741 107.25%	24,000
Most Recent Note for ELMD - 9/9/2024 12:09:08 PM Rebounding toward its 52-week high with volume-driven gains after testing support at its 200 DMA line. Reported Jun '24 quarterly earnings +67% on +9% sales revenue versus the tear-ago period, its 6th quarterly comparison well above the fact-based system's +25% minimum guideline (C criteria). Annual earnings (A criteria) history has ben improving after a downturn in FY '21 and '22.
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ERIE - NASDAQ - INSURANCE - Property & Casualty Insurance Erie Indemnity Co	$516.00	+9.70 1.92%	$536.96	$510.75	1.03%	123,002 175.72%	70,000
Most Recent Note for ERIE - 9/9/2024 12:16:35 PM Extended from any sound base and hitting a new all-time high with today's gap up and volume-driven gain. This Insurance - Brokers firm reported earnings +39% on +18% sales revenues for the Jun '24 quarter versus the year ago period, its 6th strong quarter above the +25% minimum earnings guideline (C criteria) of the fact-based investment system's fundamental guidelines. Annual earnings history has recently been improving.
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ESEA - NASDAQ - TRANSPORTATION - Shipping Euroseas Ltd	$41.79	-0.41 -0.98%	$42.99	$48.50	-13.84%	27,181 71.53%	38,000
Most Recent Note for ESEA - 9/9/2024 12:17:33 PM Consolidating near prior highs in the $42 area since a "negative reversal" at its 52-week high on 8/21/24. Prior mid-day reports cautioned members - "Reported Jun '24 quarterly earnings +18% on +23% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has not been a match with the fundamental guidelines of the fact-based investment system."
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$30.48	+1.43 4.92%	$30.61	$34.12	-10.67%	2,697,743 94.69%	2,849,000
Most Recent Note for FLEX - 9/9/2024 12:19:26 PM Rebounding above its 50 DMA line ($30.54) with today's volume-driven gain. Last noted in the 7/24/24 mid-day report with caution - <i>"Reported Jun '24 quarterly earnings +9% on -8% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines."</i>
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FRBA - NASDAQ - Banks-Northeast First Bank NJ	$14.80	+0.05 0.34%	$14.96	$15.70	-5.73%	77,965 129.94%	60,000
Most Recent Note for FRBA - 9/9/2024 12:20:44 PM Consolidating after recently challenging its 52-week high. Noted with caution in prior mid-day reports - "Reported Jun '24 quarterly earnings +22% on +34% sales revenues versus the year ago period, its 2nd strong quarter. Prior 4 quarterly earnings comparisons were down versus the year ago periods, well below the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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HLNE - NASDAQ - Finance-Investment Mgmt Hamilton Lane Inc	$153.00	+7.26 4.98%	$161.19	$154.50	-0.97%	549,750 185.10%	297,000
Most Recent Note for HLNE - 9/9/2024 12:21:59 PM After consolidating quietly above its 50 DMA line ($140) it gapped up today hitting a new all-time high with a volume-driven gain. Noted with caution in prior mid-day reports - "Fundamentals are not a match with the fact-based investment system's guidelines."
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$141.02	-0.79 -0.56%	$143.04	$146.59	-3.80%	5,048,780 74.83%	6,747,000
Most Recent Note for ORCL - 9/9/2024 12:24:03 PM Consolidating above its 50 DMA line ($138.68) and perched within close striking distance of its all-time high. Reported May '24 quarterly earnings -2% on +3% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain.
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PLMR - NASDAQ - INSURANCE - Property & Casualty Insurance Palomar Holdings Inc	$94.15	-0.36 -0.38%	$94.88	$100.29	-6.12%	106,678 60.27%	177,000
Most Recent Note for PLMR - 9/9/2024 12:26:21 PM Consolidating well above support at its 50 DMA line ($91) following 4 small losses with light volume after a "negative reversal" at its 52-week high. Reported strong Sep, Dec '23, Mar and Jun '24 quarters versus the year-ago periods. Annual earnings (A criteria) history has been strong after a downturn in FY '20. Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20.
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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$96.66	+4.77 5.19%	$98.11	$95.88	0.81%	627,276 70.72%	887,000
Most Recent Note for PSN - 9/9/2024 12:31:02 PM Gapped up today and hit a new all-time high with a big volume-driven gain following a brief consolidation with lighter volume. Reported earnings +33% on +23% sales revenues for the Jun '24 quarter versus the year ago period, its 5th strong quarter above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has not been a good match with the winning models. Fundamental concerns remain.
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TZOO - NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service Travelzoo Inc	$12.64	+1.14 9.91%	$12.64	$12.59	0.40%	97,379 93.63%	104,000
Most Recent Note for TZOO - 9/9/2024 12:35:57 PM Reported earnings +35% on +0% sales revenues for the Jun '24 quarter. Rallying to a new 52-week high with today's big 4th consecutive gain marked by ever-increasing volume. Fundamental concerns remain as noted in prior mid-day reports -"Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has not been strong and steady."
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UG - NASDAQ - DRUGS - Drug Manufacturers - Other United Guardian Inc	$13.90	+0.11 0.80%	$13.98	$15.02	-7.46%	12,493 73.49%	17,000
Most Recent Note for UG - 9/9/2024 12:36:36 PM Consolidating near its 52-week high, extended from any sound base. Prior mid-day reports noted - "Resistance remains due to old overhead supply up to the $26 level. Reported earnings +110% on +28% sales revenues for the Jun '24 quarterversus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady."
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VNOM - NASDAQ - Oil&Gas-U S Expl&Prod Viper Energy Partners Lp	$46.95	+1.35 2.96%	$49.37	$48.72	-3.63%	1,494,054 142.02%	1,052,000
Most Recent Note for VNOM - 9/9/2024 12:41:54 PM Hitting a new 52-week high with today's gap up and volume-driven gain after consolidating well above support at its 50 DMA line. ($43.54). Reported Jun '24 quarterly earnings +30% on +35% sales revenues versus the year-ago period but fundamental concerns remain. This Oil & Gas - US Exploration & Production firm's quarterly comparisons through Mar '24 showed erratic and subpar sales revenues and earnings increases versus year ago periods. Since its $26 IPO in June 2014 it completed additional new Public Offerings in Sep '14, Jul '16, Jan '17, Jul '17, and Jul '18.
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WAL - NYSE - BANKING - Regional - Pacific Banks Western Alliance Bancorp	$81.46	+2.74 3.48%	$85.97	$83.23	-2.13%	1,695,818 152.78%	1,110,000
Most Recent Note for WAL - 9/9/2024 12:43:03 PM Hit a new 52-week high with today's gap up and volume-driven gain after finding support well above its 50 DMA line. Reported Jun '24 quarterly earnings -11% on +15% sales revenues versus the year ago period. Many recent quarterly comparisons were down from the year-ago periods, not above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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