Mid-Day Breakouts Report - Friday, December 1st, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, DECEMBER 1ST, 2023
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DOW 36147.26 196.37 (0.55%) | NASDAQ 14245.69 19.47 (0.14%) | S&P 500 4583.08 15.38 (0.34%)

Time of Screening : 12/1/2023 12:05:15 PM Report Released : 12/1/2023 1:12:19 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

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	$295.60	+0.51 0.17%	$296.20	2,341,787 59.74% of 50 DAV 50 DAV is 3,920,000	$296.16 -0.19%	11/13/2023	$255.90	PP = $266.00 MB = $279.30
Most Recent Note - 12/1/2023 12:48:21 PM G - Today's 6th consecutive gain with ever-increasing volume has it reaching yet another new all-time high. Prior highs in the $265 area define initial support to watch above its 50 DMA line ($250.80). Fundamentals remain strong after it reported Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 11/13/2023. Click here.
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URI - NYSE United Rentals Inc	$499.51	+23.49 4.93%	$499.95	430,279 57.99% of 50 DAV 50 DAV is 742,000	$492.33 1.46%	12/1/2023	$499.51	PP = $488.73 MB = $513.17
Most Recent Note - 12/1/2023 1:08:20 PM Y - Color code is changed to yellow with new pivot point cited based on its 11/15/23 high after a cup-with-handle base. Hitting a new 52-week high with today's big gain, clearing prior resistance in the $488-492 area. A gain above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Through Sep '23 its quarterly earnings increases versus the year ago periods have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '20 like many companies during the pandemic. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AGYS - NASDAQ - Computer-Integrated Syst Agilysys Inc	$87.27	+1.18 1.37%	$87.83	$91.61	-4.74%	98,363 73.41%	134,000
Most Recent Note for AGYS - 12/1/2023 12:06:17 PM Consolidating in a tight range after rallying to a new all-time high. Earnings in the 3 latest quarterly comparisons through Sep '23 have been below the +25% minimum guideline (C criteria). After years of losses it had profitable results in FY '20-22.
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AMWD - NASDAQ - MATERIALS & CONSTRUCTION - Lumber, Wood Production American Woodmark Corp	$82.17	+9.77 13.49%	$83.02	$80.27	2.37%	136,679 105.95%	129,000
Most Recent Note for AMWD - 12/1/2023 12:14:37 PM Gapped up today and rallied to a new 52-week high after consolidating several weeks near its 50 DMA line ($72.82) Reported Oct '23 quarterly earnings +5% on -16% sales revenues versus the year-ago period. Prior quarterly earnings increases were above the +25% minimum guideline (C criteria) but sales revenues have been waning leaving concerns, fundamentally. Sales revenues growth and its annual earnings (A criteria) history are subpar with respect to the fact-based investment system.
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CRM - NYSE - INTERNET - Internet Software & Services Salesforce.com Inc	$260.53	+8.63 3.43%	$260.93	$252.50	3.18%	6,787,129 144.13%	4,709,000
Most Recent Note for CRM - 12/1/2023 12:17:34 PM Today's gain follows an impressive "breakaway gap" on the prior session hitting new 52-week highs. Reported Oct '23 quarterly earnings +51% on +11% sales revenues versus the year ago period, its 4th strong quarterly comparison. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 973 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,623 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$81.45	+0.41 0.51%	$81.58	$82.38	-1.13%	102,541 74.85%	137,000
Most Recent Note for DSGX - 12/1/2023 12:26:44 PM Churning higher volume after recently touching a new 52-week high, action indicative of distributional pressure. Reported Jul '23 quarterly earnings +19% on +17% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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GRC - AMEX - MANUFACTURING - Diversified Machinery Gorman-Rupp Co	$31.69	+0.11 0.35%	$32.00	$33.75	-6.10%	26,693 59.32%	45,000
Most Recent Note for GRC - 12/1/2023 12:39:12 PM Perched within striking distance of its 52-week high. Reported earnings above the +25% minimum guideline (C criteria) in the past 2 quarterly comparisons through Sep '23 but fundamental concerns remain. Prior quarterly comparisons were subpar and its up and down annual earnings (A criteria) history makes it fall below the fact-based investment system's fundamental guidelines.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$6.31	+0.07 1.04%	$6.32	$6.32	-0.24%	2,787,655 58.95%	4,729,000
Most Recent Note for HMY - 12/1/2023 12:40:37 PM After wedging higher following its 11/14/23 breakout it is perched at multi-year highs. Quarterly and annual earnings history (C and A criteria) and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$139.72	-0.23 -0.16%	$140.40	$140.22	-0.36%	60,481 71.15%	85,000
Most Recent Note for ICFI - 12/1/2023 12:42:55 PM Hitting a new 52-week high with today's 7th consecutive gain marked by ever-increasing volume. Last noted in the 11/15/23 mid-day report - "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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LQDT - NASDAQ - INTERNET - Internet Software &; Services Liquidity Services Inc	$19.38	+0.22 1.12%	$19.54	$21.10	-8.18%	87,402 62.43%	140,000
Most Recent Note for LQDT - 12/1/2023 12:44:10 PM Finding prompt support near its 50 DMA line with today's gain after 4 consecutive volume-driven losses. Subpar quarterly earnings and annual earnings history has been erratic and noted as a flaw concerning the C and A criteria.
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$110.95	-2.54 -2.23%	$112.64	$118.90	-6.69%	746,874 72.87%	1,025,000
Most Recent Note for NTES - 12/1/2023 12:45:11 PM On track today for a 6th consecutive small loss, consolidating after rallying to a new 52-week high last week. Prior mid-day reports cautioned members - "Reported Sep '23 quarterly earnings +14% on +9% sales revenues versus the year-ago period and fundamental concerns remain. 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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PAY - NYSE - Finance-CrdtCard/PmtPr Paymentus Holdings	$17.73	+0.46 2.66%	$18.00	$17.74	-0.06%	149,839 131.44%	114,000
Most Recent Note for PAY - 12/1/2023 12:49:24 PM Perched at its 52-week high with today's 3rd consecutive volume-driven gain. Reported strong Jun and Sep '23 quarterly results but fundamental concerns remain. Prior quarterly and annual earnings history (C and A criteria) has been subpar.
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REX - NYSE - Energy-Alternative/Other Rex American Resources	$47.25	-1.77 -3.61%	$48.85	$51.19	-7.70%	71,769 87.52%	82,000
Most Recent Note for REX - 12/1/2023 12:54:03 PM Perched at its 52-week high today following a considerable gap up gain on the prior session. Reported Oct '23 quarterly earnings +728% on +0% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) has not been a match with the fact-based investment system's guidelines.
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SPGI - NYSE - Comml Svcs-Market Rsrch S&P Global Inc	$421.78	+5.95 1.43%	$424.98	$428.65	-1.60%	809,223 66.82%	1,211,000
Most Recent Note for SPGI - 12/1/2023 12:56:29 PM Perched within striking distance of its 52-week high with today's 4th consecutive gain. Through the Sep 23 quarter its earnings increases have not been strong and steady above the +25% minimum guideline (C criteria).
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THR - NYSE - Bldg-A/C & Heating Prds Thermon Group Holdings	$30.41	+0.26 0.86%	$30.48	$33.50	-9.22%	134,302 81.89%	164,000
Most Recent Note for THR - 12/1/2023 1:00:54 PM Consolidating for the past 3 weeks after hitting a new all-time high. Prior highs in the $29 area define near-term support coinciding with its 50 DMA line. Earnings increases in quarterly comparisons have been above the +25% minimum (C criteria) through Sep '23 versus the year ago periods. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fact-based investment system's strict fundamental guidelines.
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VLGEA - NASDAQ - RETAIL - Grocery Stores Village Super Market A	$25.83	+0.67 2.66%	$26.00	$25.25	2.30%	18,096 69.60%	26,000
Most Recent Note for VLGEA - 12/1/2023 1:09:32 PM Powering to a new 52-week high with today's 4th consecutive gain. Seven of the 8 latest quarterly earnings comparisons through the Jul '23 quarter versus the year-ago periods have been above the +25% guideline (C criteria) but with sub par sales revenues growth. Lackluster annual earnings (A criteria) growth history remains a concern. Small supply of only 6.4 million shares in its trading float can contribute to greater price volatility.
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$6.06	+0.05 0.83%	$6.08	$6.38	-5.02%	185,638 99.81%	186,000
Most Recent Note for YALA - 12/1/2023 1:12:13 PM Churning above average volume while not making meaningful progress, consolidating after hitting new multi-year highs last week. Noted with caution in prior mid-day reports - "Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm."
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