Mid-Day Breakouts Report - Monday, December 11th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, DECEMBER 11TH, 2023
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DOW 36336.7 88.83 (0.25%) | NASDAQ 14370.01 -33.97 (-0.24%) | S&P 500 4608.24 3.87 (0.08%)

Time of Screening : 12/11/2023 12:23:29 PM Report Released : 12/11/2023 1:03:18 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

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
AGRO - NYSE - Agricultural Operations Adecoagro Sa	$10.77	+0.33 3.16%	$10.92	$12.51	-13.91%	537,222 80.30%	669,000
Most Recent Note for AGRO - 12/11/2023 12:25:23 PM Rebounding today after gapping down on the prior session violating its 50 DMA line. The 12/06/23 mid-day report noted - "Little resistance remains due to overhead supply up to the $13.50 level. This Luxembourgian agricultural products firm reported Sep '23 quarterly earnings +93% on +0% sales revenues versus the year ago period. Prior quarterly sales revenues and earnings history has been erratic and it has an up and down annual earnings history (A criteria)."
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$1,016.07	+71.77 7.60%	$1,016.71	$999.87	1.62%	4,270,075 162.48%	2,628,000
Most Recent Note for AVGO - 12/11/2023 12:26:47 PM Found support above its 50 DMA line ($902) and rallying to a new all-time high with today's 3rd consecutive volume-driven gain. Reported earnings +6% on +4% sales revenues for the Oct '23 quarter versus the year ago period, its 4th 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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DHI - NYSE - Bldg-Resident/Comml D R Horton Inc	$139.15	+0.69 0.49%	$140.20	$139.88	-0.53%	2,143,243 84.31%	2,542,000
Most Recent Note for DHI - 12/11/2023 12:29:20 PM Hitting a new all-time high with today's 5th consecutive volume-driven gain. Reported Sep '23 quarterly earnings -5% on +9% sales revenues versus the year-ago period and prior quarterly results were subpar. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$14.76	+2.31 18.51%	$14.79	$14.23	3.69%	212,216 359.69%	59,000
Most Recent Note for ELTK - 12/11/2023 12:31:23 PM Israel-based maker of circuit boards is hitting a new 52-week high with today's gap up and considerable volume-driven gain. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Prior highs in the $11 area define important near-term support coinciding with its 50 DMA line. 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).
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GRVY - NASDAQ - Computer Sftwr-Gaming Gravity Co Ltd Ads	$73.99	-2.24 -2.94%	$76.29	$82.48	-10.29%	14,859 92.87%	16,000
Most Recent Note for GRVY - 12/11/2023 12:35:41 PM Noted with caution in prior mid-day reports - "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."
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HOV - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Hovnanian Enterprises A	$140.00	+0.99 0.71%	$142.08	$141.41	-1.00%	52,289 78.04%	67,000
Most Recent Note for HOV - 12/11/2023 12:36:25 PM Hitting another new 52-week high and approaching multi-year highs with today's 9th consecutive volume-driven gain adding to an impressive spurt. Fundamental concerns remain as its quarterly and annual earnings history (C and A criteria) are not a match with the fact-based investment system's guidelines.
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IESC - NASDAQ - Bldg-Maintenance & Svc Integrated Electric Svcs	$83.04	+1.43 1.75%	$83.83	$82.47	0.69%	40,640 104.21%	39,000
Most Recent Note for IESC - 12/11/2023 12:37:21 PM Perched at its all-time high today with a 3rd consecutive volume-driven gain. Reported greatly improved earnings for the Mar, Jun, and Sep '23 quarters versus the year-ago periods but with subpar sales revenues growth which is not a match with the winning models of the fact-based investment system. There was a downturn in FY '22 earnings (A criteria).
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$40.43	+0.01 0.02%	$40.83	$41.50	-2.58%	20,866 74.52%	28,000
Most Recent Note for MLR - 12/11/2023 12:44:29 PM Hovering in a tight range near its 52-week high, not making meaningful progress while churning higher volume in recent weeks, action indicative of distributional pressure. Reported Sep '23 quarterly earnings +230% on +34% sales revenues versus the year-ago period, its 5th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fundamental guidelines of the fact-based investment system. It went through a deep consolidation since dropped from the Featured Stocks list on 1/16/20.
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NHC - AMEX - HEALTH SERVICES - Long-Term Care Facilities National Healthcare Corp	$89.40	+0.80 0.90%	$89.47	$89.39	0.01%	52,264 93.33%	56,000
Most Recent Note for NHC - 12/11/2023 12:44:42 PM Perched at new multi-year highs. Stubbornly held its ground since noted in prior mid-day reports - "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."
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NTES - NASDAQ - INTERNET - Internet Information Providers Netease Inc Adr	$105.56	+1.02 0.98%	$105.67	$118.90	-11.22%	929,714 80.43%	1,156,000
Most Recent Note for NTES - 12/11/2023 12:45:07 PM Violated its 50 DMA line during a noted streak of volume-driven losses since reaching 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."
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$115.00	+1.39 1.22%	$115.29	$127.54	-9.83%	4,978,737 71.63%	6,951,000
Most Recent Note for ORCL - 12/11/2023 12:48:00 PM Consolidating above its 50 DMA line ($110) after finding support near its 200 DMA line since last noted with caution in the 9/14/23 mid-day report. Reported Aug '23 quarterly earnings +16% on +9% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain.
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$90.71	+4.69 5.45%	$92.86	$93.18	-2.65%	162,814 137.98%	118,000
Most Recent Note for POWL - 12/11/2023 12:51:11 PM Perched at its 52-week high with today's 3rd consecutive gain marked by volume after finding prompt support near its 50 DMA line ($82). Reported Sep '23 quarterly earnings +288% on +28% sales revenues continuing a streak of greatly improved earnings in recent quarterly comparisons 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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RDY - NYSE - DRUGS - Drug Manufacturers - Other Dr Reddys Labs Ltd Adr	$64.88	-3.98 -5.78%	$66.48	$73.17	-11.33%	266,954 101.50%	263,000
Most Recent Note for RDY - 12/11/2023 12:52:47 PM This India-based firm in the Medical - Generic Drugs industry group gapped down today violating its 50 DMA line ($66.68). It was perched within striking distance of its 52-week high when noted with caution in the 12/06/23 mid-day report - "Reported Sep '23 quarterly earnings +30% on +7% sales revenues versus the year-ago period. Prior quarterly and annual earnings history (C and A criteria) leaves fundamental concerns."
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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$158.82	-1.34 -0.84%	$158.82	$160.36	-0.96%	593,173 69.87%	849,000
Most Recent Note for SAP - 12/11/2023 12:55:51 PM Made steady progress and wedged higher with gains lacking great volume conviction, rising from support at its 200 DMA line since last noted in the 10/20/23 mid-day report. Reported earnings +40% on +12% sales revenues for the quarter ended June 30, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.23 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SNFCA - NASDAQ - INSURANCE - Life Insurance Security Natl Finl Cl A	$9.04	+0.52 6.10%	$9.08	$8.86	2.03%	53,780 233.83%	23,000
Most Recent Note for SNFCA - 12/11/2023 12:59:15 PM Rallying to new 52-week and all-time highs with heavier volume behind today's 9th consecutive gain. Erratic sales revenues and earnings 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	$53.70	-0.01 -0.02%	$54.54	$55.80	-3.76%	249,164 69.02%	361,000
Most Recent Note for SUN - 12/11/2023 1:00:09 PM Perched near its 52-week high, consolidating above its 50 DMA line. 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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TW - NASDAQ - Financial Svcs-Specialty Tradeweb Markets Cl A	$91.45	+1.10 1.21%	$91.93	$97.18	-5.90%	719,572 81.96%	878,000
Most Recent Note for TW - 12/11/2023 1:01:52 PM Pulled back from its 52-week high and it has been slumping near its 50 DMA line ($89). Reported earnings +22% on +14% 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 has been strong since its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20.
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$6.07	-0.10 -1.62%	$6.23	$6.44	-5.75%	723,343 269.90%	268,000
Most Recent Note for YALA - 12/11/2023 1:03:12 PM Perched near its 52-week high, holding its ground after volume-driven gains in recent weeks. Made slow progress for new multi-year highs. Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
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