Mid-Day Breakouts Report - Friday, October 13th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 13TH, 2023
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DOW 33675.06 43.92 (0.13%) | NASDAQ 13417.28 -156.94 (-1.16%) | S&P 500 4328.71 -20.9 (-0.48%)

Time of Screening : 10/13/2023 12:21:21 PM Report Released : 10/13/2023 12:54:20 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

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
AVAV - NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Aerovironment Inc	$109.72	+4.06 3.84%	$115.34	$124.33	-11.75%	330,979 145.81%	227,000
Most Recent Note for AVAV - 10/13/2023 12:23:09 PM Gapped up today after consolidating above its 50 DMA line. The 10/09/23 mid-day report noted - "Reported Jul '23 quarterly earnings versus a year-ago loss on +40% sales revenues, its 2nd strong quarter. Fundamental concerns remain as prior quarterly and annual earnings (C and A criteria) comparisons have not been strong and steady above the minimum earnings guidelines."
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CNM - NYSE - Bldg-Constr Prds/Misc Core & Main Inc Cl A	$31.35	-0.51 -1.60%	$32.00	$33.32	-5.91%	1,444,705 85.08%	1,698,000
Most Recent Note for CNM - 10/13/2023 12:24:25 PM Pulling back today after rebounding above its 50 DMA line toward its 52-week high with 5 consecutive gains. Prior mid-day reports noted - "Reported Jul '23 quarterly earnings -1% on +0% sales revenues versus the year-ago period, its 3rd subpar quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21."
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$57.79	-0.33 -0.57%	$58.52	$60.00	-3.68%	1,297,969 70.27%	1,847,000
Most Recent Note for CRH - 10/13/2023 12:25:18 PM Rebounded above its 50 DMA line ($56.22) with volume-driven gains and it is perched within close striking distance of its 52-week and all-time highs. Irish Building - Cement firm has an erratic earnings (C and A criteria) history. Fundamental concerns remain.
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FAST - NASDAQ - RETAIL - Home Improvement Stores Fastenal Co	$59.74	-0.48 -0.80%	$60.93	$60.69	-1.57%	2,248,540 77.14%	2,915,000
Most Recent Note for FAST - 10/13/2023 12:26:39 PM Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Reported +4% earnings on +2% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum (C criteria). Annual earnings (A criteria) have steadily improved after a small downturn in FY '16 earnings.
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FRO - NYSE - TRANSPORTATION - Shipping Frontline Ltd Adr	$20.97	+0.58 2.84%	$21.04	$20.57	1.94%	1,718,289 61.90%	2,776,000
Most Recent Note for FRO - 10/13/2023 12:28:50 PM Hitting another new 52-week high with today's 5th consecutive gain since gapping up after finding prompt support near its 50 DMA line ($17.86). Prior mid-day reports noted - "Recent quarterly comparisons through Jun '23 have shown strong sales and earnings increases above the year-ago periods. Annual earnings history has been erratic and below the guidelines."
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$150.61	+4.80 3.29%	$153.11	$159.38	-5.50%	17,033,547 208.03%	8,188,000
Most Recent Note for JPM - 10/13/2023 12:31:25 PM Gapped up today rebounding above its 50 DMA line ($147.84) with a big volume-driven gain. Faces resistance due to overhead supply up to the $159 level. Reported earnings +58% on +34% sales revenues for the Jun '23 quarter versus the year-ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$226.92	-2.46 -1.07%	$229.30	$233.44	-2.79%	40,686 75.34%	54,000
Most Recent Note for KAI - 10/13/2023 12:33:48 PM Churning above average volume this week after recently wedging to a new 52-week high. Reported earnings +13% on +11% sales revenues for the Jun '23 quarter versus the year-ago period, its 5th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 annual earnings (A criteria) history, not a great match with the guidelines of the fact-based investment system.
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$607.89	-2.62 -0.43%	$629.97	$613.00	-0.83%	2,196,425 69.20%	3,174,000
Most Recent Note for LLY - 10/13/2023 12:35:54 PM Found prompt support near its 50 DMA line ($554) and rallied to new all-time highs with today's 8th consecutive volume-driven gain. Noted with caution in prior mid-day reports - "Reported Jun '23 quarterly earnings +69% on +28% versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It was dropped from the Featured Stocks list on 8/11/22."
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LULU - NASDAQ - MANUFACTURING - Textile Manufacturing Lululemon Athletica	$376.18	+2.24 0.60%	$384.60	$406.94	-7.56%	754,228 59.86%	1,260,000
Most Recent Note for LULU - 10/13/2023 12:37:30 PM Consolidating above its 200 DMA line which acted as support, but below its 50 DMA line ($381.54) which may act as resistance. Reported Jul '23 quarterly earnings +22% on +18% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "Faces resistance due to overhead supply up to the $485 level. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '21."
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NATR - NASDAQ - DRUGS - Drug Related Products Natures Sunshine Prod	$16.61	+0.10 0.58%	$16.79	$17.25	-3.74%	43,290 66.60%	65,000
Most Recent Note for NATR - 10/13/2023 12:40:32 PM Building an orderly base hovering in a tight range near its 52-week high and finding support above its 50 DMA line ($16.14). Erratic quarterly and annual earnings history (C and A criteria) leaves fundamental concerns. Faces some resistance due to overhead supply up to the $19 level.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$101.88	+1.70 1.70%	$104.00	$102.07	-0.19%	10,189,128 220.35%	4,624,000
Most Recent Note for NVO - 10/13/2023 12:41:30 PM This Denmark-based Medical - Ethical Drugs firm is hitting new all-time highs with today's 4th consecutive volume-driven gain. Found support after briefly undercutting its 50 DMA line when noted with caution in the 10/03/23 mid-day report - "Shares split 2-1 on 9/20/23. Reported Jun '23 quarterly earnings +53% on +37% sales revenues versus the year-ago period, its 2nd strong quarter. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$52.59	-1.59 -2.93%	$54.15	$58.98	-10.83%	829,343 65.72%	1,262,000
Most Recent Note for NVT - 10/13/2023 12:43:56 PM Prior lows in the $50-51 area define near-term support. Met resistance near its 50 DMA line ($54.16) when rebounding. Earnings increases in the Sep, Dec '22, Mar and Jun '23 quarters versus the year-ago periods were above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons showed a deceleration in its sales revenues growth rate.
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ODC - NYSE - CHEMICALS - Specialty Chemicals Oil Dri Corp America	$62.16	+0.11 0.18%	$65.70	$69.09	-10.03%	28,883 125.58%	23,000
Most Recent Note for ODC - 10/13/2023 12:46:29 PM Slumped from its all-time high and it has recently been meeting resistance near its 50 DMA line when trying to rebound. Earnings increases have been strong in quarterly comparisons through July '23. Not a match with the fact-based investment system's fundamental guidelines due to its up and down annual earnings (A criteria) history.
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$81.84	-3.77 -4.40%	$86.48	$91.29	-10.35%	90,205 72.16%	125,000
Most Recent Note for POWL - 10/13/2023 12:47:38 PM Consolidating above its 50 DMA line ($81.72) and perched within striking distance of its 52-week high. Reported greatly improved earnings in recent quarterly comparisons through Jun '23 versus the year-ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$312.61	+3.54 1.15%	$314.52	$329.88	-5.24%	381,485 146.16%	261,000
Most Recent Note for RACE - 10/13/2023 12:48:36 PM Rebounded above its 50 DMA line ($304.74) this week after finding recent support above its 200 DMA line. Reported earnings +40% on +19% sales revenues for the Jun '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) leaving concerns, fundamentally. Since completing its $52 IPO in Oct '15 its annual earnings (A criteria) history was strong until a downturn in FY '20.
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TEAM - NASDAQ - Comp Sftwr-Spec Enterprs Atlassian Corp Plc	$188.09	+1.69 0.91%	$190.39	$215.77	-12.83%	1,276,147 95.88%	1,331,000
Most Recent Note for TEAM - 10/13/2023 12:49:42 PM Gapped down on the prior session violating its 50 DMA line ($197). Reported improved results for the Mar and Jun '23 quarters versus the year-ago periods but fundamental concerns remain. Went through a deep consolidation since 3/03/21 when it was dropped from the Featured Stocks list.
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TNK - NYSE - Transportation-Ship Teekay Tankers Ltd Cl A	$44.10	+2.50 6.00%	$44.13	$48.05	-8.23%	235,315 66.29%	355,000
Most Recent Note for TNK - 10/13/2023 12:51:36 PM Rebounding toward prior highs in the $46-48 area with today's 7th consecutive gain after finding prompt support near its 200 DMA line. Reported greatly improved sales revenues and earnings in quarterly comparisons through Jun '23 versus the year-ago periods. Annual earnings (A criteria) history has been erratic.
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$536.21	+10.67 2.03%	$544.46	$558.10	-3.92%	2,155,446 81.00%	2,661,000
Most Recent Note for UNH - 10/13/2023 12:53:37 PM Gapped up today rebounding near its all-time high. Fundamental concerns remain. Quarterly comparisons through Jun '23 were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady.
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WTS - NYSE - MANUFACTURING - Industrial Equipment & Compone Watts Water Technologies	$180.37	-0.87 -0.48%	$182.00	$192.93	-6.51%	87,521 88.41%	99,000
Most Recent Note for WTS - 10/13/2023 12:54:14 PM Found support at its 200 DMA line and rebounded near its 50 DMA line. Faces near-term resistance due to overhead supply up to the $192 level. Fundamental concerns remain as when noted with caution in the 7/28/21 mid-day report - "Prior quarterly comparisons showed sub par results and its annual earnings (A criteria) history has not been strong and steady."
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