Mid-Day Breakouts Report - Tuesday, November 12th, 2024

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MIDDAY BREAKOUTS REPORT - TUESDAY, NOVEMBER 12TH, 2024
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DOW 44005.42 -287.71 (-0.65%) | NASDAQ 19233.82 -64.95 (-0.34%) | S&P 500 5973.76 -27.59 (-0.46%)

Time of Screening : 11/12/2024 1:11:30 PM Report Released : 11/12/2024 2:06:22 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
AEM - NYSE - METALS & MINING - Gold Agnico Eagle Mines Ltd	$76.13	-2.00 -2.56%	$77.75	$89.00	-14.46%	1,899,675 79.58%	2,387,000
Most Recent Note for AEM - 11/12/2024 1:13:24 PM Down again today, abruptly retreating from near its 52-week high after violating its 50 DMA line ($82.54) on the prior session with a considerable volume-driven loss. This Canadian firm in the Mining - Gold/Silver/Gems group's Sep '24 quarterly earnings rose +165% on +31% sales revenues versus the year-ago period, its 4th strong quarterly comparison. Annual earnings (A criteria) history has been up and down.
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ANET - NYSE - Computer-Networking Arista Networks, Inc	$396.88	-0.43 -0.11%	$401.95	$431.97	-8.12%	1,524,515 90.05%	1,693,000
Most Recent Note for ANET - 11/12/2024 1:16:29 PM Fundamentals have remained strong through the Sep '24 quarter. Retreating from its all-time high and undercutting prior highs with today's 3rd consecutive volume-driven loss. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. It was dropped from the Featured Stocks list on 4/17/24.
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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$592.25	-23.89 -3.88%	$609.36	$624.84	-5.22%	561,998 89.35%	629,000
Most Recent Note for AXON - 11/12/2024 1:18:20 PM Holding its ground since a considerable gap up on 11/08/24 rallying to a new all-time high with a considerable volume-driven gain, getting very extended from any sound base. Reported Sep '24 quarterly earnings +38% on +32% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 5/16/24.
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CARG - NASDAQ - INTERNET - Content Cargurus Inc Cl A	$37.00	+0.49 1.34%	$37.24	$37.89	-2.35%	488,829 78.97%	619,000
Most Recent Note for CARG - 11/12/2024 1:20:30 PM Perched at its 52-week high with today's 8th consecutive gain after an orderly consolidation above its 50 DMA line ($30.59). Reported Sep '24 quarterly earnings +32% on +5% sales revenues versus the year ago period. Prior earnings and sales revenues growth history has not been strong and steady.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$343.43	+1.70 0.50%	$348.86	$344.88	-0.42%	4,118,539 79.52%	5,179,000
Most Recent Note for CRM - 11/12/2024 1:21:24 PM Holding its ground today after rallying to a new all-time high with 4 consecutive volume-driven gains, getting extended from its March '24 high. Reported Jul '24 quarterly earnings +21% on +8% sales revenues versus the year ago period, breaking a streak of 5 strong quarterly comparisons above the +25% minimm earnings guideline (C crieria). Went through a long and deep consolidation from its high in 2021. Large supply of 956 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,966 top-rated funds (I criteria). A slight downturn in its FY '22 annual earnings (A criteria) history has been followed with very strong growth.
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ELMD - AMEX - Medical-Systems/Equip Electromed Inc	$26.67	-0.17 -0.63%	$27.65	$28.02	-4.82%	73,034 92.45%	79,000
Most Recent Note for ELMD - 11/12/2024 1:28:29 PM Hit a new 52-week high on the prior session with a big gap up and 5th consecutive gain backed by above-average volume. Made steady progress since recently testing support at its 200 DMA line. Reported Jun '24 quarterly earnings +67% on +9% sales revenues 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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FOUR - NYSE - Finance-CrdtCard/PmtPr Shift4 Payments	$96.49	-8.43 -8.03%	$105.42	$106.31	-9.24%	2,612,600 248.11%	1,053,000
Most Recent Note for FOUR - 11/12/2024 1:34:42 PM Abruptly retreating from a new 52-week high with today's big volume-driven loss following 3 volume-driven gains in the prior 4 sessions. Reported Sep '24 quarterly earnings +27% on +25% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons have shown strong sales revenues and earnings increases above the +25% minimum guideline (C criteria). Limited annual earnings history (A criteria) is a concern, but after a loss in FY '20 it showed great earnings growth in FY '21-23.
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FTNT - NASDAQ - Computer Sftwr-Security Fortinet Inc	$98.45	+1.27 1.31%	$99.51	$97.35	1.13%	3,516,738 78.85%	4,460,000
Most Recent Note for FTNT - 11/12/2024 1:35:54 PM Reported Sep '24 quarterly earnings +54% on +13% sales revenues versus the year-ago period, its 3rd strong quarter after subpar Dec '23 results. Today's 5th consecutive volume-driven gain has it hitting another new all-time high, quickly getting extended from any sound base. It was dropped from the Featured Stocks list on 8/07/23 and went through a long consolidation.
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JEF - NYSE - Finance-Invest Bnk/Bkrs Jefferies Financial Grp	$73.87	-0.17 -0.23%	$74.74	$75.81	-2.56%	1,279,314 77.68%	1,647,000
Most Recent Note for JEF - 11/12/2024 1:37:25 PM Perched at its all-time high following recent gap up gains backed by above average volume. Found support at its 50 DMA line during prior consolidations. It was dropped from the Featured Stocks list on 12/20/21. Reported strong Feb, May, and Aug '24 quarterly earnings with solid sales revenues growth versus the year ago periods. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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OPY - NYSE - FINANCIAL SERVICES - Investment Brokerage - Regiona Oppenheimer Holdings Inc	$61.00	-0.51 -0.83%	$61.70	$63.27	-3.59%	35,486 118.29%	30,000
Most Recent Note for OPY - 11/12/2024 1:41:33 PM Hovering near its all-time high following noted volume-driven gains. Reported Sep '24 quarterly earnings +79% on +19% versus the year-ago period. Prior quarterly and annual earnings results have been erratic, not a match with the fundamental guidelines of the fact-based investment system. It was dropped from the Featured Stocks list on 7/07/21.
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PX - NYSE - CHEMICALS - Chemicals - Major Diversified Praxair Inc	$12.01	-0.22 -1.80%	$12.38	$12.23	-1.80%	574,124 146.46%	392,000
Most Recent Note for PX - 11/12/2024 1:44:13 PM Reported Sep '24 quarterly earnings +30% on +20% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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QUAD - NYSE - Comml Svcs-Document Mgmt Quad/Graphics Inc Cl A	$7.39	-0.44 -5.62%	$7.84	$7.94	-6.93%	163,335 75.27%	217,000
Most Recent Note for QUAD - 11/12/2024 1:45:01 PM Pulling back from its 52-week high with today's loss following a noted spurt of volume-driven gains. Waning sales revenues along withn an erratic quarterly and annual earnings (C and A criteria) history leave fundamental concerns.
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SHOP - NYSE - Computer Sftwr-Enterprse Shopify Inc	$113.07	+23.08 25.65%	$114.51	$92.16	22.69%	44,796,956 809.49%	5,534,000
Most Recent Note for SHOP - 11/12/2024 1:48:03 PM Hitting another new 52-week high with today's considerable "breakaway gap" and 6th consecutive gain backed by ever-increasing volume. Through Sep '24 its quarterly earnings and sales revenues growth has been strong versus the year ago periods. Annual earnings history has been erratic, below the fundamental guidelines (A criteria) of the fact-based investment system. Went through a long and deep consolidation after dropped from the Featured Stocks list on 9/28/21.
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SQ - NYSE - Finance-CrdtCard/PmtPr Square Inc	$86.15	+2.75 3.30%	$87.14	$87.52	-1.57%	9,148,831 144.55%	6,329,000
Most Recent Note for SQ - 11/12/2024 1:50:34 PM Rallying well above its 50 and 200 DMA lines, powering near its 52-week high with today's 2nd consecutive volume-driven gain. Quarterly earnings comparisons through Sep '24 have been strong versus the year-ago periods but its sales revenues growth rate has show deceleration in sequential quarters. A noted downturn in FY '22 earnings (A criteria) raised concerns. It was dropped from the Featured Stocks list on 10/01/21 and went through a deep and choppy consolidation.
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STEP - NASDAQ - Finance-Investment Mgmt StepStone Group Inc	$68.38	-0.94 -1.36%	$69.54	$70.38	-2.84%	744,644 114.21%	652,000
Most Recent Note for STEP - 11/12/2024 1:54:27 PM Found support above its 50 DMA line ($59) and it is perched at its 52-week high following volume-driven gains, extended from any sound base. Reported Sep '24 quarterly earnings +73% on +42% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Fundamental concerns remain. Limited history is a concern. Completed its $18 IPO on 9/16/20."
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$72.06	-7.31 -9.21%	$73.72	$80.51	-10.50%	553,595 189.59%	292,000
Most Recent Note for TGLS - 11/12/2024 1:58:33 PM Gapped down today pulling back from its all-time high. Support to watch is its 50 DMA line ($69.29). Reported Sep '24 quarterly earnings +10% on +13% sales revenues versus the year-ago period. Prior quarterly comparisons showed waning sales revenues and earnings, down from the year-ago periods. Annual earnings history (A criteria) included a downturn in FY '19 but has been strong since.
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TRN - NYSE - TRANSPORTATION - Railroads Trinity Industries Inc	$38.07	-0.13 -0.34%	$38.69	$38.36	-0.76%	607,521 118.19%	514,000
Most Recent Note for TRN - 11/12/2024 2:01:39 PM Hitting new 52-week and all-time highs with today's 4th volume-driven gain in the span of 5 sessions. Reported Sep '24 quarterly earnings +65% on -3% sales revenues. Quarterly earnings results have been well above the +25% minimum guideline (C criteria) versus the year-ago period but sales revenues growth showed worrisome deceleration in sequential quarters. Annual earnings growth has been strong since a downturn in FY '20.
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ULH - NASDAQ - Transportation-Truck Universal Logistics Hldg	$51.66	-0.43 -0.82%	$52.56	$53.29	-3.07%	33,339 81.31%	41,000
Most Recent Note for ULH - 11/12/2024 2:02:51 PM Holding its ground stubbornly after a gap up on 11/06/24 powering to a new all-time high. Faces no resistance due to overhead supply. Reported Sep '24 quarterly earnings +15% on +1% sales revenues versus the year-ago quarter. Fundamental concerns remain. There was a downturn in FY '20 earnings (A criteria).
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