Mid-Day Breakouts Report - Monday, October 16th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, OCTOBER 16TH, 2023
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DOW 33993.6 323.31 (0.96%) | NASDAQ 13536.31 129.07 (0.96%) | S&P 500 4370.64 42.86 (0.99%)

Time of Screening : 10/16/2023 12:32:38 PM Report Released : 10/16/2023 12:52:52 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

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
BCML - NASDAQ - Banks-West/Southwest Baycom Corp	$19.75	+0.04 0.20%	$20.08	$21.07	-6.26%	94,114 376.46%	25,000
Most Recent Note for BCML - 10/16/2023 12:33:06 PM Earnings increases in the 2 most recent quarterly comparisons through Jun '23 were above the +25% minimum guideline (C criteria). Prior quarters showed sub par earnings and its annual earnings (A criteria) history has been up and down.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$26.80	+0.89 3.42%	$27.58	$27.36	-2.07%	1,641,234 94.16%	1,743,000
Most Recent Note for CLS - 10/16/2023 12:33:43 PM Hitting another new 52-week high with today's volume-driven gain, getting more extended from any sound base. Reported earnings +25% on +13% sales revenues for the Jun '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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CQP - AMEX - ENERGY - Oil & Gas Refining & Marketing Cheniere Energy Partners	$54.33	-0.52 -0.94%	$54.80	$62.08	-12.49%	293,276 127.51%	230,000
Most Recent Note for CQP - 10/16/2023 12:34:52 PM This MLP has a lackluster annual earnings (A criteria) history and is not a match with the fundamental guidelines of the fact-based investment system. Mar and Jun '23 quarters showed waning sales revenues.
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GHM - AMEX - MANUFACTURING - Metal Fabrication Graham Corp	$16.32	+0.07 0.43%	$17.00	$17.95	-9.08%	39,043 100.11%	39,000
Most Recent Note for GHM - 10/16/2023 12:36:55 PM Recently found prompt support near its 50 DMA line ($16.25) and near the prior high. Gapped up on 8/07/23 breaking out of a 5-month base. Quarterly comparisons through Jun '23 have shown great sales revenues and earnings improvement over the year-ago periods. Annual earnings history (A criteria) has been subpar.
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GNTX - NASDAQ - AUTOMOTIVE - Auto Parts Gentex Corp	$31.31	+0.27 0.87%	$31.54	$34.33	-8.80%	904,971 65.06%	1,391,000
Most Recent Note for GNTX - 10/16/2023 12:37:11 PM Reported earnings +52% on +26% sales revenues for the Jun '23 quarter versus the year-ago period. Prior quarterly earnings increases have not been a match with the fact-based investment system's fundamental guidelines.
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$304.00	+9.21 3.12%	$308.06	$340.06	-10.61%	361,926 87.42%	414,000
Most Recent Note for HUBB - 10/16/2023 12:38:02 PM Finding prompt support after undercutting the Aug '23 low but its 50 DMA line ($313) acted as resistance when rebounding. It was dropped from the Featured Stocks list on 9/21/23. Fundamentals remain strong.
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HUM - NYSE - HEALTH SERVICES - Health Care Plans Humana Inc	$521.92	+15.95 3.15%	$525.60	$571.30	-8.64%	668,601 70.38%	950,000
Most Recent Note for HUM - 10/16/2023 12:39:24 PM Rebounding toward its all-time high making progress above its 50 and 200 DMA lines. Reported Jun '23 quarterly earnings +2% on +13% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) history has been strong.
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JPM - NYSE - BANKING - Money Center Banks J P Morgan Chase & Co	$147.33	-0.67 -0.45%	$149.52	$159.38	-7.56%	6,017,169 69.51%	8,656,000
Most Recent Note for JPM - 10/16/2023 12:40:47 PM Gapped up on the prior session rebounding above its 50 DMA line ($147.61) with a big volume-driven gain when noted with caution in the mid-day report - "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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KTOS - NASDAQ - DIVERSIFIED SERVICES - Technical Services Kratos Def & Sec Sol Inc	$17.01	+0.06 0.35%	$17.34	$17.73	-4.06%	717,868 74.93%	958,000
Most Recent Note for KTOS - 10/16/2023 12:41:32 PM Consolidating following noted volume-driven gains, rebounding above its 50 DMA line ($15.47) and hitting a new 52-week high. Noted in prior mid-day reports - "Reported Jun '23 quarterly earnings +29% on +15% sales revenues versus the year-ago period, its 2nd strong quarter. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria)."
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LAKE - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Lakeland Industries Inc	$15.00	+0.30 2.04%	$15.15	$16.07	-6.66%	40,678 203.39%	20,000
Most Recent Note for LAKE - 10/16/2023 12:42:10 PM Still perched within striking distance of its 52-week high, consolidating in an orderly fashion above its 50 DMA line ($14.81). Reported great earnings increases in the 2 latest quarterly comparisons through Jul '23. Prior quarterly comparisons showed subpar increases versus the year ago periods. Annual earnings growth (A criteria) has been erratic.
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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$184.02	+0.71 0.38%	$186.95	$210.86	-12.73%	270,810 102.97%	263,000
Most Recent Note for LECO - 10/16/2023 12:43:50 PM Consolidating near its 50 DMA line ($184.79) but it faces near-term resistance due to overhead supply up to the $210 level. Quarterly comparisons through Jun '23 have been below the +25% minimum earnings guideline (C criteria). The downward turn in FY '19 and '20 earnings was noted as a flaw concerning the annual earnings history (A criteria).
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LULU - NASDAQ - MANUFACTURING - Textile Manufacturing Lululemon Athletica	$416.58	+38.89 10.30%	$417.47	$410.50	1.48%	6,743,201 527.64%	1,278,000
Most Recent Note for LULU - 10/16/2023 12:45:00 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Its 200 DMA line acted as support. 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	$17.05	+0.75 4.57%	$17.14	$17.25	-1.19%	51,798 78.48%	66,000
Most Recent Note for NATR - 10/16/2023 12:46:31 PM Built an orderly base and challenging its 52-week high with today's big gain after finding support above its 50 DMA line ($16.20). Prior mid-day reports cautioned members - "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	$100.40	-1.75 -1.71%	$101.47	$104.00	-3.47%	3,536,714 72.55%	4,875,000
Most Recent Note for NVO - 10/16/2023 12:47:06 PM This Denmark-based Medical - Ethical Drugs firm is pulling back today after hitting new all-time highs with 4 consecutive volume-driven gains. 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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RACE - NYSE - Auto Manufacturers Ferrari NV	$314.85	+2.83 0.91%	$317.09	$329.88	-4.56%	226,994 84.38%	269,000
Most Recent Note for RACE - 10/16/2023 12:48:04 PM Faces resistance due to overhead supply up to the $329 level. Rebounded above its 50 DMA line ($304.79) last 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	$195.95	+7.64 4.05%	$199.50	$215.77	-9.19%	872,459 65.65%	1,329,000
Most Recent Note for TEAM - 10/16/2023 12:48:53 PM Consolidating near 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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TTD - NASDAQ - Comml Svcs-Advertising The Trade Desk Inc Cl A	$80.30	+0.06 0.07%	$80.42	$91.85	-12.57%	2,253,376 66.16%	3,406,000
Most Recent Note for TTD - 10/16/2023 12:50:58 PM Testing support near its 50 DMA line ($79.28) and it faces resistance due to overhead supply up to the $114 level. Fundamental concerns remain. Reported Jun '23 quarterly earnings +40% on +23% sales revenues versus the year-ago period. Two of the 4 latest quarterly comparisons showed earnings increases below the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22.
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$540.65	+1.25 0.23%	$546.78	$558.10	-3.13%	1,866,745 68.71%	2,717,000
Most Recent Note for UNH - 10/16/2023 12:51:36 PM Gapped up on the prior session 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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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$371.84	+0.84 0.23%	$374.02	$373.92	-0.56%	996,931 114.07%	874,000
Most Recent Note for VRTX - 10/16/2023 12:52:46 PM Faces no resistance due to overhead supply as it is hitting a new all-time high with today's 5th consecutive volume-driven gain. Reported Jun '23 quarterly earnings +8% on +14% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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