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 MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 4TH, 2023
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DOW 36127.26 -118.24 (-0.33%) | NASDAQ 14144.03 -161 (-1.13%) | S&P 500 4561.32 -33.31 (-0.72%)
Time of Screening : 12/4/2023 12:21:04 PM         Report Released : 12/4/2023 1:29:30 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
Max Buy
AMPH - NASDAQ
Amphastar Pharmaceuticals
$60.84 +2.92
5.04%
$60.84 398,045
105.30% of 50 DAV
50 DAV is 378,000
$67.66
-10.08%
12/4/2023 $60.84 PP = $58.35
MB = $61.27
Most Recent Note - 12/4/2023 12:29:09 PM
Y - Color code is changed to yellow with pivot point cited based on its 11/21/23 high after a cup-with-handle base. Rebounding toward its August all-time high, little resistance remains due to overhead supply. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a proper new technical buy signal. Fundamentals remain strong after it reported Sep '23 quarterly earnings +203% on +50% sales revenues versus the year-ago period. Found support at its 200 DMA line during its consolidation after dropped from the Featured Stocks list on 9/08/23.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2023. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
TBBK - NASDAQ
Bancorp Inc
$39.88 +0.79
2.02%
$40.44 262,323
78.54% of 50 DAV
50 DAV is 334,000
$41.52
-3.95%
12/4/2023 $39.88 PP = $41.62
MB = $43.70
Most Recent Note - 12/4/2023 1:25:09 PM
Y - Color code is changed to yellow with pivot point cited based on its 7/27/23 high plus 10 cents. Today's gain has it perched within close striking distance of its all-time high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. The 4 latest quarterly comparisons through Sep '23 had earnings increases above the +25% minimum guideline (C criteria) versus the year ago period. Annual earnings history has been strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/3/2013. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

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
$139.92 +0.21
0.15%
$143.99 $139.88 0.03% 189,593
79.66%
238,000
Most Recent Note for AVAV - 12/4/2023 12:31:36 PM
Hitting yet another new 52-week high with today's gain. Wedged higher after an orderly base above its 50 DMA line. Due to report Oct '23 quarterly results. Noted with caution in prior mid-day reports - "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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
AWI - NYSE - Bldg-Constr Prds/Misc
Armstrong World Inds
$90.97 +4.26
4.91%
$91.90 $86.91 4.67% 772,341
229.86%
336,000
Most Recent Note for AWI - 12/4/2023 12:39:21 PM
Gapped up today. Reported earnings +17% on +7% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
BLD - NYSE - Bldg-Constr Prds/Misc
Topbuild Corp
$313.51 +8.67
2.84%
$314.98 $307.54 1.94% 181,929
73.06%
249,000
Most Recent Note for BLD - 12/4/2023 12:41:10 PM
Hitting a new all-time high with today's 4th consecutive gain. The Jun and Sep '23 quarters had earning increases below the +25% minimum guideline (C criteria) versus the year-ago period. Went through a deep consolidation from its high reached after it was dropped from the Featured Stocks list on 10/05/21.
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BLKB - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Blackbaud Inc
$79.74 +2.27
2.93%
$79.90 $78.71 1.31% 162,560
106.95%
152,000
Most Recent Note for BLKB - 12/4/2023 12:43:50 PM
No resistance remains due to overhead supply as it is hitting a new 52-week high with today's 2nd consecutive volume-driven gain. Rebounded above its 200 DMA and 50 DMA lines with recently 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). Its sales revenues growth rate has been lackluster and it annual earnings (A criteria) history had a dowturn in FY '22 leaving fundamental concerns.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
CRM - NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
$251.70 -8.30
-3.19%
$255.12 $263.43 -4.45% 6,200,330
126.54%
4,900,000
Most Recent Note for CRM - 12/4/2023 12:46:28 PM
Pulling back today, consolidating after an impressive "breakaway gap" and impressive streak of volume-driven gains for 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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards
Eltek Ltd
$12.18 -0.78
-6.02%
$12.95 $14.23 -14.41% 45,015
77.61%
58,000
Most Recent Note for ELTK - 12/4/2023 12:49:30 PM
Israel-based maker of circuit boards is pulling back after hitting a new 52-week high with recently noted volume-driven gains. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Prior highs in the $11 area define initial support above its 50 DMA line ($10.61). Earnings increases in the 3 latest quarterly comparisons were above the +25% minimum guideline (C criteria) but fundamental concerns remain after a downturn in FY '22 earnings (A criteria).
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
GRVY - NASDAQ - Computer Sftwr-Gaming
Gravity Co Ltd Ads
$73.19 -0.81
-1.09%
$74.00 $82.48 -11.26% 13,025
81.41%
16,000
Most Recent Note for GRVY - 12/4/2023 12:51:41 PM
This Korean Computer Software firm faces near-term resistance due to overhead supply up to the $82 level. Reported very strong Dec '22, Mar, Jun, and Sep '23 results versus the year-ago periods.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance
International Gen Ins Hld
$12.00 +0.13
1.10%
$12.18 $12.43 -3.46% 57,539
91.33%
63,000
Most Recent Note for IGIC - 12/4/2023 12:54:32 PM
Stalled after hitting a new 52-week high on 11/16/23, consolidating above its 50 DMA line near prior highs. Noted with caution in prior mid-day reports - "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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
KGC - NYSE - METALS & MINING - Gold
Kinross Gold Corp
$5.87 -0.07
-1.18%
$5.87 $5.98 -1.84% 10,457,690
81.18%
12,882,000
Most Recent Note for KGC - 12/4/2023 12:56:26 PM
Inched above its May '23 high with recently noted gains. Reported Sep '23 quarterly earnings +140% on +29% sales revenues versus the year ago period. The 5 latest quarterly earnings increases have been well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
MBIN - NASDAQ - Banks-Midwest
Merchants Bancorp
$34.63 +0.35
1.02%
$34.75 $34.40 0.67% 99,627
105.99%
94,000
Most Recent Note for MBIN - 12/4/2023 12:57:07 PM
Perched at its 52-week high with today's gain adding to a spurt of volume-driven gains as prior mid-day reports repeatedly cautioned members - "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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
NGVC - NYSE - RETAIL - Grocery Stores
Nat Grocers Vit Cottage
$16.76 +0.47
2.85%
$17.07 $17.49 -4.20% 35,221
85.90%
41,000
Most Recent Note for NGVC - 12/4/2023 1:01:09 PM
Holdoing its ground near its 52-week high following noted volume-driven gains, but it still faces resistance due to overhead supply up to the $24 level. Reported earnings +189% on +8% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with subpar sales revenues growth.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
NHC - AMEX - HEALTH SERVICES - Long-Term Care Facilities
National Healthcare Corp
$85.21 +7.62
9.81%
$85.96 $78.34 8.76% 171,750
505.15%
34,000
Most Recent Note for NHC - 12/4/2023 1:03:48 PM
Gapped up today hitting new multi-year highs with a big volume-driven gain. Stubbornly held its ground since last noted in the 11/17/23 mid-day report - "The Jun and Sep '23 quarterly comparisons showed very strong earnings increases however sales revenues growth has been lackluster. Prior quarterly and its annual earnings history (C and A criteria) has been up and down."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
NSIT - NASDAQ - RETAIL - Catalog & Mail Order Houses
Insight Enterprises Inc
$163.44 +3.97
2.49%
$163.75 $162.05 0.86% 124,271
69.82%
178,000
Most Recent Note for NSIT - 12/4/2023 1:05:57 PM
Rallying above prior resistance with today's 3rd consecutive gain backed by above-average volume conviction. Reported Sep '23 quarterly earnings +19% on -11% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
NTES - NASDAQ - INTERNET - Internet Information Providers
Netease Inc Adr
$104.84 -4.54
-4.15%
$106.70 $118.90 -11.83% 956,460
91.09%
1,050,000
Most Recent Note for NTES - 12/4/2023 1:09:23 PM
Gapped down violating its 50 DMA line ($107.76) with today's 7th consecutive loss marked by volume. Stalled after rallying to a new 52-week high in mid-November. Prior mid-day reports repeatedly 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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Powell Industries Inc
$88.78 +4.14
4.89%
$89.45 $91.29 -2.75% 85,217
85.22%
100,000
Most Recent Note for POWL - 12/4/2023 1:14:29 PM
Challenging its 52-week high with today's 4th consecutive gain after consolidating and finding prompt support near its 50 DMA line ($81.45). Due to report Sep '23 quarterly results. Volume and volatility often increase near earnings news. Reported greatly improved earnings in recent quarterly comparisons through Jun '23 versus the year-ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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RMBS - NASDAQ - ELECTRONICS - Semiconductor - Memory Chips
Rambus Inc
$64.29 -4.65
-6.74%
$67.22 $70.72 -9.10% 1,354,439
113.53%
1,193,000
Most Recent Note for RMBS - 12/4/2023 1:18:21 PM
Encountering recent distributional pressure after wedging to a new 52-week high with gains lacking great volume conviction. Reported Sep '23 quarterly earnings -4% on -6% sales revenues versus the year-ago period.
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YALA - NYSE - INTERNET - Content
Yalla Group Ltd Ads
$6.05 +0.02
0.33%
$6.05 $6.38 -5.17% 320,941
168.92%
190,000
Most Recent Note for YALA - 12/4/2023 1:29:23 PM
Churning above average volume in recent weeks while not making meaningful progress, consolidating after hitting new multi-year highs. Noted with caution in prior mid-day reports - "Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  

THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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