Mid-Day Breakouts Report - Tuesday, October 17th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 17TH, 2023
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DOW 34075.26 90.72 (0.27%) | NASDAQ 13560.82 -7.16 (-0.05%) | S&P 500 4384.48 10.85 (0.25%)

Time of Screening : 10/17/2023 12:11:53 PM Report Released : 10/17/2023 12:40:52 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
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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
AVAV - NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services Aerovironment Inc	$120.20	+4.93 4.28%	$120.45	$124.33	-3.32%	188,760 78.32%	241,000
Most Recent Note for AVAV - 10/17/2023 12:13:50 PM Approaching its 52-week high with today's 3rd consecutive volume-driven gain after consolidating above its 50 DMA line. Prior mid-day reports 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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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$885.38	-17.20 -1.91%	$888.68	$925.91	-4.38%	1,739,499 77.76%	2,237,000
Most Recent Note for AVGO - 10/17/2023 12:18:12 PM Consolidating after rallying near its 52-week high. Reported earnings +8% on +5% sales revenues for the Jul '23 quarter versus the year ago period, its 3rd subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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CIR - NYSE - MANUFACTURING - Industrial Equipment & Compone Circor Intl Inc	$55.99	+2.74 5.14%	$55.99	$56.48	-0.88%	2,286,078 595.33%	384,000
Most Recent Note for CIR - 10/17/2023 12:19:05 PM Consolidating after 6/28/23 M&A news.
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$58.54	-0.05 -0.09%	$58.67	$60.00	-2.43%	1,673,299 84.51%	1,980,000
Most Recent Note for CRH - 10/17/2023 12:20:01 PM Rebounded above its 50 DMA line ($56.19) 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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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$26.38	+0.03 0.10%	$26.55	$28.90	-8.73%	1,859,731 64.37%	2,889,000
Most Recent Note for FLEX - 10/17/2023 12:21:29 PM Perched within striking distance of its 52-week high and consolidating near its 50 DMA line in recent weeks. Last noted with caution in the 7/27/23 mid-day report - "Peported Jun '23 quarterly earnings +6% on +0% 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."
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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$19.97	+0.10 0.50%	$20.40	$19.90	0.35%	63,579 69.11%	92,000
Most Recent Note for GNE - 10/17/2023 12:22:26 PM Found prompt support at its 50 DMA line ($15.63) and rallied to new 52-week highs with 11 consecutive volume-driven gains. Reported Jun '23 quarterly earnings +73% on +40% sales revenues versus the year-ago period. Fundamental concerns remain.
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$86.80	+0.87 1.01%	$86.98	$95.59	-9.20%	641,865 78.18%	821,000
Most Recent Note for IBKR - 10/17/2023 12:23:35 PM Sputtering below its 50 DMA line in recent weeks. Faces near-term resistance due to overhead supply up to the $95 level. Reported Jun '23 quarterly earnings +57% on +52% sales revenues versus the year-ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings for FY '19 matched the year prior while otherwise its annual earnings (A criteria) growth has been steady.
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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$230.93	-1.91 -0.82%	$236.54	$233.44	-1.08%	45,045 80.44%	56,000
Most Recent Note for KAI - 10/17/2023 12:24:27 PM Churning above average volume and inching to new 52-week highs. 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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KTOS - NASDAQ - DIVERSIFIED SERVICES - Technical Services Kratos Def & Sec Sol Inc	$17.70	+0.31 1.78%	$17.85	$17.73	-0.17%	530,483 58.10%	913,000
Most Recent Note for KTOS - 10/17/2023 12:24:56 PM Consolidating following noted volume-driven gains, rebounding above its 50 DMA line ($15.49) 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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LULU - NASDAQ - MANUFACTURING - Textile Manufacturing Lululemon Athletica	$414.55	-2.09 -0.50%	$419.86	$419.01	-1.06%	2,781,113 186.78%	1,489,000
Most Recent Note for LULU - 10/17/2023 12:25:19 PM Gapped up on the prior session 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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MNSO - NYSE - RETAIL - Discount, Variety Stores Miniso Group Hldg Cl A	$25.72	+0.45 1.76%	$26.62	$29.92	-14.05%	1,267,100 68.42%	1,852,000
Most Recent Note for MNSO - 10/17/2023 12:25:59 PM China-based retailer pulled back from its 52-week high and found support at its 50 DMA line ($24.59) in recent weeks. Prior mid-day reports noted - "Reported Jun '23 quarterly earnings +131% on +30% sales revenues versus the year-ago period. Prior quarterly comparisons showed strong earnings increases. Annual earnings (A criteria) had a downturn in FY '21."
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NOW - NYSE - Computer Sftwr-Enterprse Servicenow Inc	$570.37	+18.74 3.40%	$571.70	$614.36	-7.16%	620,142 65.83%	942,000
Most Recent Note for NOW - 10/17/2023 12:26:49 PM Posting a gain today rebounding above its 50 DMA line ($566) but it faces additional resistance due to overhead supply up to the $707 level. Went through a deep consolidation since noted with caution in the 10/28/21 mid-day report near its all-time high. Reported Jun '23 quarterly earnings +46% on +23% sales revenues versus the year-ago period, its 4th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system.
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$443.82	-17.14 -3.72%	$445.00	$502.66	-11.71%	48,319,666 95.34%	50,682,000
Most Recent Note for NVDA - 10/17/2023 12:27:49 PM Perched within striking distance of its all-time high. Reported Jul '23 quarterly earnings +429% on +101% sales revenues versus the year ago period. Prior 3 quarterly comparisons were down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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PCTI - NASDAQ - TELECOMMUNICATIONS - Diversified Communication Serv Pc-Tel Inc	$6.86	+0.00 0.00%	$6.86	$6.89	-0.44%	428,319 319.64%	134,000
Most Recent Note for PCTI - 10/17/2023 12:29:30 PM Gapped up on 1/16/23 following M&A news. Reported Jun '23 quarterly earnings -30% on -18% sales revenues versus the year ago period. Annual earnings history (A criteria) has not been strong and steady.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$311.36	-3.68 -1.17%	$311.83	$329.88	-5.61%	198,263 72.89%	272,000
Most Recent Note for RACE - 10/17/2023 12:29:54 PM Faces resistance due to overhead supply up to the $329 level. Rebounded above its 50 DMA line ($305) 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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VMW - NYSE - COMPUTER SOFTWARE & SERVICES - Technical & System Software Vmware Inc Cl A	$167.35	-11.53 -6.45%	$167.93	$181.14	-7.61%	6,377,297 345.28%	1,847,000
Most Recent Note for VMW - 10/17/2023 12:33:42 PM Showing some resilience after it gapped down today abruptly retreating from its 52-week high, undercutting the prior highs in the $170 area and briefly trading below its 50 DMA line ($165). Reported earnings +12% on +2% sales for the Jul '23 quarter versus the year-ago period. Prior quarters were not strong and steady above the +25% minimum guideline (C criteria). It was dropped from the Featured Stocks list on 5/14/12.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$374.27	+0.27 0.07%	$375.93	$374.45	-0.05%	669,039 75.60%	885,000
Most Recent Note for VRTX - 10/17/2023 12:34:10 PM Faces no resistance due to overhead supply as it is hitting another new all-time high with today's 6th 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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WMB - NYSE - ENERGY - Oil & Gas Pipelines Williams Companies	$35.99	+0.26 0.71%	$36.22	$35.89	0.26%	3,509,400 61.04%	5,749,000
Most Recent Note for WMB - 10/17/2023 12:37:01 PM On track today for a 9th consecutive gain, making steady progress above its 50 DMA line ($34.40) and approaching its all-time high ($37.97 on 6/03/22). Reported Jun '22 quarterly earnings +48% on +9% sales revenues versus the year ago period. Three of the past 4 quarterly earnings comparisons were above the +25% minimum guideline (C criteria). Annual earnings history has strong and steady, matching the investment system's A criteria.
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WWD - NASDAQ - MANUFACTURING - Diversified Machinery Woodward Inc	$131.93	+2.33 1.80%	$132.16	$133.15	-0.92%	295,753 87.50%	338,000
Most Recent Note for WWD - 10/17/2023 12:40:47 PM Rebounded above its 50 DMA line ($127) recently and challenging its 52-week and all-time highs with today's volume-driven gain. Reported earnings +114% on +30% sales revenues for the Jun '23 quarter, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20-22 annual earnings. It was dropped from the Featured Stocks list on 8/06/19.
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