Mid-Day Breakouts Report - Tuesday, December 19th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, DECEMBER 19TH, 2023
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DOW 37489.43 183.41 (0.49%) | NASDAQ 14960.54 55.34 (0.37%) | S&P 500 4758.68 18.12 (0.38%)

Time of Screening : 12/19/2023 12:15:41 PM Report Released : 12/19/2023 12:58:59 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

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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$607.32	+8.19 1.37%	$612.71	$633.89	-4.19%	1,768,821 58.73%	3,012,000
Most Recent Note for ADBE - 12/19/2023 12:17:20 PM On track today for a 3rd consecutive volume-driven gain, it found prompt support at its 50 DMA line ($580) after gapping down last week retreating from its 52-week high. Reported Nov '23 quarterly earnings +19% on +12% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria).
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BAM - NYSE - FINANCIAL SERVICES - Asset Management Brookfield Asset Mgmt A	$39.02	+0.59 1.54%	$39.11	$39.21	-0.48%	1,286,258 81.00%	1,588,000
Most Recent Note for BAM - 12/19/2023 12:24:55 PM Perched at its all-time high holding its ground following a recently noted spurt of gains backed by above-average volume. Quarterly comparisons through Sep '23 showed subpar earnings increases and lackluster sales revenues increases.
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COKE - NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Btlg Consol	$871.79	+3.05 0.35%	$880.00	$890.00	-2.05%	23,770 57.98%	41,000
Most Recent Note for COKE - 12/19/2023 12:26:30 PM Extended from any sound base, it rallied to new all-time highs with an impressive spurt of volume-driven gains in recent weeks after finding support above its 200 DMA line. Reported Sep '23 quarterly earnings +18% on +5% sales revenues versus the year ago period. It was dropped from the Featured Stocks list on 10/03/23.
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COST - NASDAQ - RETAIL - Discount, Variety Stores Costco Wholesale Corp	$676.06	-5.18 -0.76%	$680.80	$681.91	-0.86%	1,534,263 77.33%	1,984,000
Most Recent Note for COST - 12/19/2023 12:27:23 PM Following recently noted volume-driven gains it is perched at its 52-week high, extended from any sound base. Fundamental concerns remain. Reported earnings +12% on +6% sales revenues for the Nov '23 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$33.94	+2.28 7.20%	$34.28	$31.99	6.10%	277,919 67.95%	409,000
Most Recent Note for DFH - 12/19/2023 12:28:58 PM Gapped up again today rallying to a new 52-week high with another big volume-driven gain. Faces no resistance due to overhead supply. Sep '23 quarterly earnings rose +17% on +14% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria).
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$14.15	-0.32 -2.21%	$14.96	$16.23	-12.82%	82,677 107.37%	77,000
Most Recent Note for ELTK - 12/19/2023 12:33:08 PM Israel-based maker of circuit boards is pulling back from its 52-week high with 2nd volume-driven loss. It is extended from any sound base. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Its 50 DMA line ($11.59) and prior highs in the $11 area define important near-term support. 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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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$29.68	+0.99 3.43%	$30.09	$29.36	1.07%	4,945,418 109.85%	4,502,000
Most Recent Note for FLEX - 12/19/2023 12:39:12 PM Powering to a new 52-week high with today's volume-driven gain adding to a recent spurt higher. Found support at its 200 DMA line in recent weeks. Reported Sep '23 quarterly earnings +8% on -4% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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HMY - NYSE - METALS & MINING - Gold Harmony Gold Mng Co Adr	$6.43	+0.47 7.90%	$6.45	$6.36	1.11%	3,350,098 65.05%	5,150,000
Most Recent Note for HMY - 12/19/2023 12:41:11 PM Hitting new multi-year highs with today's gap up gain. 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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JHX - NYSE - MATERIALS & CONSTRUCTION - Cement James Hardie Ind Plc Adr	$36.18	+1.21 3.46%	$36.53	$35.72	1.29%	41,327 71.25%	58,000
Most Recent Note for JHX - 12/19/2023 12:42:35 PM This Ireland-based cement firm is hitting a new 52-week high, rallying well above its Aug '23 high. Found prompt support at its 200 DMA line and rallied with volume-drivenb gains as 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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KOP - NYSE - MATERIALS &; CONSTRUCTION - Lumber, Wood Production Koppers Holdings Inc	$49.06	+2.55 5.48%	$49.22	$46.77	4.90%	118,771 84.84%	140,000
Most Recent Note for KOP - 12/19/2023 12:43:19 PM Hitting new multi-year highs with today's 5th consecutive volume-driven gain. Reported Sep '23 quarterly earnings +11% on +3% sales versus the year ago period, below the +25% minimum earnings guideline (C criteria). Prior quarterly and annual earnings (C and A criteria) history has not been a great match with the fact-based investment system's fundamental guidelines.
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KWR - NYSE - CHEMICALS - Specialty Chemicals Quaker Chemical	$213.30	+5.75 2.77%	$214.30	$216.45	-1.46%	55,996 58.94%	95,000
Most Recent Note for KWR - 12/19/2023 12:43:55 PM Reported Sep '23 quarterly earnings +18% on +0% sales revenues versus the year-ago period. Fundamental concerns remain. Its 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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LAKE - NASDAQ - HEALTH SERVICES - Medical Appliances & Equipment Lakeland Industries Inc	$19.23	+0.54 2.86%	$19.66	$19.22	0.03%	34,960 145.67%	24,000
Most Recent Note for LAKE - 12/19/2023 12:44:25 PM Spiking to a new 52-week high with today's 5th consecutive volume-driven gain. Found support at its 200 DMA line while consolidating in recent months. Reported great earnings increases in the 3 latest quarterly comparisons through Oct '23. Prior quarterly comparisons showed subpar increases versus the year ago periods. Annual earnings growth (A criteria) has been erratic.
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LEGH - NASDAQ - Finance-Property REIT Legacy Housing Corp	$24.40	+0.13 0.54%	$24.76	$25.30	-3.56%	45,894 124.04%	37,000
Most Recent Note for LEGH - 12/19/2023 12:44:49 PM Perched within striking distance of its 52-week high with above average volume behind today's gain. Fundamental concerns remain after it reported Sep '23 quarterly earnings +10% on -13% sales revenues versus the year ago period. Went through a deep consolidation since hitting a new all-time high when noted with caution in the 12/13/21 mid-day report - "This REIT's fundamentals are not a match with the fact-based investment system's guidelines."
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NVDA - NASDAQ - ELECTRONICS - Semiconductor - Specialized Nvidia Corp	$491.28	-9.49 -1.90%	$497.00	$505.48	-2.81%	26,220,799 59.37%	44,162,000
Most Recent Note for NVDA - 12/19/2023 12:45:56 PM Perched at its all-time high after wedging higher with gains backed by lackluster volume. Reported Oct '23 quarterly earnings +593% on +206% sales revenues versus the year ago period, its 2nd very strong quarter. Prior 3 quarterly comparisons were down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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ORRF - NASDAQ - BANKING - Regional - Northeast Banks Orrstown Financial Svcs	$29.72	+0.85 2.94%	$29.72	$29.55	0.58%	15,103 65.67%	23,000
Most Recent Note for ORRF - 12/19/2023 12:48:52 PM Hitting another new 52-week high today. Rallied above its Dec '22 high with 4 consecutive volume-driven gains. Fundamental concerns remain.
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$40.13	+0.65 1.65%	$40.13	$39.75	0.96%	733,074 121.37%	604,000
Most Recent Note for PGTI - 12/19/2023 12:50:05 PM Gapped up on the prior sesssion and rallying further today hitting new all-time highs gains backed by above average volume. Found support near prior highs and above its 50 DMA line ($32). Noted with caution in prior mid-day reports - "Built an orderly flat base on base since gapping up on 10/10/23. Reported earnings +20% on +4% sales revenues for the Sep '23 quarter versus the year-ago period. Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18."
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POWL - NASDAQ - MANUFACTURING - Industrial Electrical Equipmen Powell Industries Inc	$97.03	+5.46 5.96%	$97.63	$93.18	4.13%	115,377 76.92%	150,000
Most Recent Note for POWL - 12/19/2023 12:50:48 PM Hitting a new 52-week high with today's 4th consecutive gain marked by above-average volume after finding prompt support near its 50 DMA line ($82.83). 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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SAP - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software S A P Ag Adr	$154.85	-0.05 -0.03%	$155.52	$160.36	-3.44%	511,032 58.34%	876,000
Most Recent Note for SAP - 12/19/2023 12:54:27 PM Perched near multi-year highs. Reported earnings +40% on +12% sales revenues for the quarter ended Sep 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 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$310.98	-11.21 -3.48%	$321.34	$357.00	-12.89%	2,354,701 71.90%	3,275,000
Most Recent Note for SMCI - 12/19/2023 12:55:15 PM Pulling back today following 5 consecutive gains while rallying above prior highs toward its 52-week high. Reported Sep '23 quarterly earnings +0% on +14% sales revenues versus the year-ago period. Two of the 3 lastest quarterly earnings increases were well below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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YALA - NYSE - INTERNET - Content Yalla Group Ltd Ads	$6.00	+0.17 2.92%	$6.00	$6.44	-6.83%	280,829 82.84%	339,000
Most Recent Note for YALA - 12/19/2023 12:58:54 PM Churning above average volume in recent weeks without meaningful price progress, action indicative of distributional pressure after it made slow progress to new multi-year highs. Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
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