Mid-Day Breakouts Report - Wednesday, November 15th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 15TH, 2023
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DOW 34945.06 117.36 (0.34%) | NASDAQ 14119.55 25.16 (0.18%) | S&P 500 4505.17 9.47 (0.21%)

Time of Screening : 11/15/2023 12:18:46 PM Report Released : 11/15/2023 1:13:41 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

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Pivot Point
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
PANW - NYSE Palo Alto Networks	$257.07	-4.10 -1.57%	$264.75	2,567,805 86.72% of 50 DAV 50 DAV is 2,961,000	$265.90 -3.32%	11/13/2023	$255.90	PP = $266.00 MB = $279.30
Most Recent Note - 11/15/2023 12:58:18 PM Y - Reversed into the red from an early gain today that challenged its 52-week high following 4 consecutive volume-driven gains. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Due to report Oct '23 quarterly results on 11/15/23. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 11/13/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AER - NYSE - DIVERSIFIED SERVICES - Rental &; Leasing Services Aercap Holdings Nv	$67.84	+0.70 1.04%	$68.51	$69.50	-2.39%	1,809,699 85.32%	2,121,000
Most Recent Note for AER - 11/15/2023 12:19:23 PM Found support near its 200 DMA line in recent weeks and it is rebounding near its 52-week high. Reported stronger Jun and Sep '23 quarterly results. Fundamental concerns remain as its prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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ARES - NYSE - FINANCIAL SERVICES - Asset Management Ares Management, L.P.	$105.14	-4.68 -4.26%	$109.53	$112.15	-6.25%	727,847 72.06%	1,010,000
Most Recent Note for ARES - 11/15/2023 12:20:21 PM Slumping to its 50 DMA line ($105.14) with today's big volume-driven loss. Reported Sep '23 quarterly earnings +236% versus the year-ago period, its 3rd strong quarter. Prior quarterly comparisons showed subpar results. Completed a new Public Offering 4/06/21. Up and down annual earnings (A criteria) history does not match the fact-based investment system.
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BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Blackbaud Inc	$74.36	+0.36 0.49%	$74.74	$78.71	-5.53%	126,369 80.49%	157,000
Most Recent Note for BLKB - 11/15/2023 12:21:44 PM Faces some near-term resistance due to overhead supply up to the $78 level. Rebounded above its 200 DMA and 50 DMA lines with recentlyu noted volume-driven gains. Reported earnings +62% on +6% sales revenues for the quarter ended Sep 30, 2023 versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a dowturn in FY '22 leaving fundamental concerns.
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CAMT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Camtek Ltd	$61.36	-4.37 -6.65%	$65.26	$67.31	-8.84%	510,454 95.41%	535,000
Most Recent Note for CAMT - 11/15/2023 12:24:11 PM Slumping today from its 52-week high following 11 gains in the prior 12 sessions. Rebounded from below its 50 DMA line while noted with caution in prior mid-day reports. Fundamental concerns remain after it reported Sep '23 quarterly earnings +6% on -2% sales revenues versus the year ago period.
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CLS - NYSE - Elec-Contract Mfg Celestica Inc	$27.44	+0.56 2.08%	$27.99	$27.58	-0.51%	1,403,322 74.80%	1,876,000
Most Recent Note for CLS - 11/15/2023 12:27:05 PM It did not form a sound base but is hitting a new 52-week high with today's 4th consecutive gain. Reported earnings +25% on +6% sales revenues for the Sep '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or 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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DT - NYSE - Computer Sftwr-Enterprse Dynatrace Inc	$51.19	-1.35 -2.57%	$51.61	$55.87	-8.38%	3,391,025 144.67%	2,344,000
Most Recent Note for DT - 11/15/2023 12:29:12 PM Pulling back today after a streak of 6 volume-driven gains while rebounding above its 50 and 200 DMA lines. Faces near-term resistance due to overhead supply up to the $55 level. Reported Sep '23 quarterly earnings +41% on +26% sales revenues versus the year-ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). On 5/04/21 it was dropped from the Featured Stocks list.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$11.88	+0.27 2.33%	$12.38	$11.90	-0.17%	54,568 133.09%	41,000
Most Recent Note for ELTK - 11/15/2023 12:32:07 PM Due to report Sep '23 quarterly results. Israel-based maker of circuit boards is hitting a new 52-week high with today's 2nd consecutive volume-driven gain. Found support at its 50 DMA line ($9.63) while consolidating in recent weeks. Showed stronger earnings increases in the Mar and Jun '23 quarterly comparisons but fundamental concerns remain.
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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$29.09	-0.05 -0.18%	$29.26	$30.22	-3.75%	371,695 92.00%	404,000
Most Recent Note for EPAC - 11/15/2023 12:33:51 PM Perched near its 52-week high with today's 5th consecutive gain. Found support near its prior highs in recent weeks. The 10/19/23 mid-day report last cautioned members - "Quarterly earnings growth has been strong but with subpar sales revenues growth. Annual earnings (A criteria) history has been erratic."
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FUTU - NASDAQ - Finance-Invest Bnk/Bkrs Futu Holdings Cl A Ads	$62.72	+1.99 3.28%	$63.15	$72.20	-13.13%	2,103,539 119.52%	1,760,000
Most Recent Note for FUTU - 11/15/2023 12:34:44 PM On track today for a 4th consecutive gain. Faces resistance due to overhead supply up to the $72 level. Reported Jun '23 quarterly earnings +78% on +42% sales revenues versus the ear ago period, continuing its streak of strong quarterly comparisons (C criteria) well above the +25% minimum. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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GFF - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Griffon Corporation	$45.21	-2.03 -4.30%	$47.40	$47.24	-4.30%	289,710 75.64%	383,000
Most Recent Note for GFF - 11/15/2023 12:38:35 PM Pulling back today following a "breakaway gap" and gain with heavy volume on the prior session for a new all-time high. Mar, Jun, and Sep '23 quarterly earnings increases were below the +25% minimum guideline (C criteria) versus the year ago periods and fundamental concerns remain. It was dropped from the Featured Stocks list when last noted on 11/03/23.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$134.24	-3.01 -2.19%	$137.34	$137.47	-2.35%	98,421 133.00%	74,000
Most Recent Note for ICFI - 11/15/2023 12:39:59 PM Pulling back today from a new 52-week high following a streak of 8 consecutive gains. Reported earnings +12% on +7% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and its sales revenues growth rate was lackluster.
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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$12.10	+0.90 8.04%	$12.27	$11.96	1.17%	87,173 134.11%	65,000
Most Recent Note for IGIC - 11/15/2023 12:41:19 PM Powering to a new 52-week high with today's big volume-driven gain. Reported Sep '23 quarterly earnings -48% on -1% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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INFA - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Informatica Corp	$24.99	+0.08 0.32%	$25.16	$24.96	0.12%	428,095 106.23%	403,000
Most Recent Note for INFA - 11/15/2023 12:42:17 PM Following volume-driven gains it is perched at its 52-week high with no resistance remaining due to overhead supply. Reported Sep '23 quarterly earnings +50% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were subpar and fundamental concerns remain.
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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$30.94	+0.07 0.23%	$31.26	$31.93	-3.10%	67,340 137.43%	49,000
Most Recent Note for JHX - 11/15/2023 12:43:43 PM This Ireland-based cement firm has been challenging its Aug '23 high with a spurt of volume-driven gains since it found prompt support at its 200 DMA line. Prior mid-day reports cautioned members - "Reported earnings +5% on +0% sales revenues for the Sep '23 quarter versus the year ago period, its 6th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$264.94	+4.76 1.83%	$266.34	$260.28	1.79%	70,979 92.18%	77,000
Most Recent Note for KAI - 11/15/2023 12:45:01 PM Extended from any sound base and perched at a new 52-week high with today's 5th consecutive gain. Reported earnings +13% on +9% sales revenues for the Sep '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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MBIN - NASDAQ - Banks-Midwest Merchants Bancorp	$32.84	+0.56 1.72%	$33.28	$33.59	-2.25%	136,111 181.48%	75,000
Most Recent Note for MBIN - 11/15/2023 12:49:51 PM Challenging its 52-week high with today's 2nd consecutive gain backed by above average volume. Reported earnings +38% on +34% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '22. Completed $16 IPO on 10/27/17.
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$443.89	-9.93 -2.19%	$453.82	$473.18	-6.19%	616,443 83.98%	734,000
Most Recent Note for MCK - 11/15/2023 12:52:35 PM Retreating abruptly from its all-time high with today's 2nd consecutive volume-driven loss testing its 50 DMA line ($446) and prior low. Fundamental concerns remain. Reported earnings +3% on +10% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady aboe the +25% minimum earnings guideline (C criteria). It has a strong and steady annual earnings (A criteria) history.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$115.16	+0.88 0.77%	$116.33	$116.00	-0.72%	775,067 89.50%	866,000
Most Recent Note for NTES - 11/15/2023 12:55:00 PM Hitting another new 52-week high with today's gain. Due to report Sep '23 quarterly results. Fundamental concerns remain and prior mid-day reports cautioned members - "Reported Jun '23 quarterly earnings +57% on -4% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, a flaw concerning the A criteria of the fact-based investment system. It was dropped from the Featured Stocks list on 8/15/17."
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.55	-0.09 -1.28%	$6.66	$7.07	-7.43%	229,122 66.61%	344,000
Most Recent Note for PNNT - 11/15/2023 1:02:08 PM Gapped down today. Due to report Sep '23 quarterly results after the session close. Prior mid-day reports repeatedly noted - "Faces resistance due to overhead supply up to the $8 level. Reported strong Mar and Jun '23 quarterly results 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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SUN - NYSE - ENERGY - Oil & Gas Refining & Marketing Sunoco LP	$53.91	-0.03 -0.05%	$54.58	$54.32	-0.76%	225,144 67.01%	336,000
Most Recent Note for SUN - 11/15/2023 1:05:26 PM Perched at its 52-week high. Reported strong Sep '23 quarterly earnings versus the year-ago period, however sales revenues have been waning in the 3 latest quarterly comparisons and its prior earnings history is below the fact-based system's guidelines.
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TJX - NYSE - RETAIL - Discount, Variety Stores T J X Cos Inc	$89.05	-3.45 -3.73%	$90.91	$93.78	-5.04%	5,326,050 108.28%	4,919,000
Most Recent Note for TJX - 11/15/2023 1:07:22 PM Gapped down today and undercut its 50 DMA line ($89.79) with today's volume-driven loss while no resistance remains due to overhead supply. Reported Oct '23 quarterly earnings +20% on +9% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria).
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TME - NYSE - INTERNET - Content Tencent Music Entertainment Group ADS	$8.30	+0.64 8.29%	$8.58	$9.29	-10.71%	10,747,790 150.07%	7,162,000
Most Recent Note for TME - 11/15/2023 1:09:39 PM Challenging prior highs with above average volume behind today's big 3rd consecutive gain. Fundamental concerns remain. Reported Sep '23 quarterly earnings +1% on -13% sales revenues versus the year-ago period. Went through a deep and choppy consolidation since noted with caution on 3/23/21 when hitting a new all-time high. Completed its $13 IPO on 12/12/18.
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TNC - NYSE - MANUFACTURING - Diversified Machinery Tennant Co	$84.75	+0.36 0.43%	$84.82	$87.53	-3.18%	129,942 127.39%	102,000
Most Recent Note for TNC - 11/15/2023 1:10:23 PM Found support near its 200 DMA line and rebounded well above its 50 DMA line toward its 52-week high with a spurt of volume-driven gains. The 4 latest quarterly earnings increases through Sep '23 have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down and leaves fundamental concerns.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$353.39	-16.57 -4.48%	$370.07	$387.42	-8.79%	1,238,688 110.70%	1,119,000
Most Recent Note for VRTX - 11/15/2023 1:13:35 PM Pulling back from its all-time high and violating its 50 DMA line with today's 2nd consecutive volume-driven loss. The 11/07/23 mid-day report last cautioned members - "Reported Sep '23 quarterly earnings +2% on +6% sales revenues versus the year-ago period, its 3rd quarterly comparison well below the +25% minimum earnings guideline (C criteria)."
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