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 MIDDAY BREAKOUTS REPORT - MONDAY, JANUARY 8TH, 2024
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DOW 37425.4 -40.71 (-0.11%) | NASDAQ 14713.15 189.08 (1.30%) | S&P 500 4726.64 29.4 (0.63%)
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Time of Screening :
1/8/2024 12:19:57 PM Report Released :
1/8/2024 12:52:47 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
AMPH
- NASDAQ
Amphastar Pharmaceuticals
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$59.29
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-3.45
-5.50%
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$63.96
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572,799
129.01% of 50 DAV
50 DAV is 444,000
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$67.66
-12.37%
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12/4/2023 |
$60.84
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PP = $58.35
MB = $61.27 |
Most Recent Note - 1/8/2024 12:21:50 PM
Y - Rebounded from the early low after abruptly retreating today with higher volume following a noted "negative reversal" on the prior session. Color code was changed to yellow while trading back near the pivot point. More damaging losses would raise greater concerns. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2023. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
CNM
- NYSE - Bldg-Constr Prds/Misc
Core & Main Inc Cl A
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$40.08 |
+0.66
1.67%
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$40.14
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$40.70
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-1.52% |
3,920,833
122.76%
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3,194,000
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Most Recent Note for CNM - 1/8/2024 12:22:51 PM
Consolidating near its 52-week high, extended from any sound base. Reported Oct '23 quarterly earnings +0% on +0% sales revenues versus the year-ago period, its 4th subpar quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21.
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SEC |
News |
Chart | C
A N
S L
I M
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CPLP
- NASDAQ - Transportation-Ship
Capital Product Ptnrs Lp
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$16.10 |
+0.00
0.00%
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$16.21
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$16.16
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-0.37% |
149,746
172.12%
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87,000
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Most Recent Note for CPLP - 1/8/2024 12:28:33 PM
Reported earnings +47% on +33% sales revenues for the Sep '23 quarter versus the year ago period. Prior quarterly comparisons were subpar. Not a match with the fundamental guidelines of the fact-based system.
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SEC |
News |
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A N
S L
I M
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CSWC
- NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity
Capital Southwest Corp
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$24.73 |
-0.33
-1.32%
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$25.01
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$25.07
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-1.36% |
294,423
74.54%
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395,000
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Most Recent Note for CSWC - 1/8/2024 12:34:11 PM
Perched at its 52-week high today following 9 gains in the span of 10 sessions. Prior mid-day reports noted - "Faces old overhead supply up to the $28 level. Reported Mar, Jun, and Sep '23 quarterly earnings increases above the +25% minimum guideline (C criteria) following 3 subpar quarterly comparisons. Annual earnings growth has been strong since turning profitable in FY '17."
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A N
S L
I M
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$13.93 |
+0.20
1.46%
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$13.95
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$13.88
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0.36% |
1,603,190
62.45%
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2,567,000
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Most Recent Note for DB - 1/8/2024 12:41:20 PM
Inching to new 52-week highs with today's 3rd consecutive small gain. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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A N
S L
I M
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GASS
- NASDAQ - Transportation-Ship
Stealthgas Inc
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$7.14 |
-0.34
-4.48%
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$7.53
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$7.54
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-5.37% |
277,766
99.92%
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278,000
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Most Recent Note for GASS - 1/8/2024 12:42:39 PM
Pulling back today following volume-driven gains for new multi-year highs. Found support near prior highs and above its 50 DMA line ($6.26) while consolidating. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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A N
S L
I M
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LPG
- NYSE - Oil&Gas-Transprt/Pipelne
Dorian LPG Ltd
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$47.31 |
-0.49
-1.03%
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$47.48
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$49.54
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-4.50% |
610,699
64.01%
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954,000
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Most Recent Note for LPG - 1/8/2024 12:45:22 PM
Pulling back today after rallying to new 52-week highs with last week's gains, getting extended from any sound base. Reported Sep '23 quarterly earnings +330% on +90% sales revenues versus the year ago period, its 6th very strong quarterly earnings comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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SEC |
News |
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A N
S L
I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$513.86 |
+22.79
4.64%
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$515.73
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$505.48
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1.66% |
35,215,474
86.84%
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40,554,000
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Most Recent Note for NVDA - 1/8/2024 12:46:41 PM
Hitting a new all-time high with today's big gain backed by higher volume after recently wedging 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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PFLT
- NASDAQ - Finance-Investment Mgmt
Pennantpark Flting Rt Cp
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$12.58 |
+0.12
0.92%
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$12.63
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$12.53
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0.36% |
356,710
81.44%
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438,000
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Most Recent Note for PFLT - 1/8/2024 12:48:09 PM
Through Sep '23 its quarterly earnings increases have been below the +25% minimum guideline (C criteria).
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PGTI
- NASDAQ - Bldg-Constr Prds/Misc
P G T Inc
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$41.82 |
+0.09
0.22%
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$41.91
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$41.97
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-0.36% |
530,157
75.09%
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706,000
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Most Recent Note for PGTI - 1/8/2024 12:48:38 PM
After recent M&A news it is perched at its all-time high following noted volume-driven gains. Found support near prior highs and above its 50 DMA line. 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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PNNT
- NASDAQ - Finance-Investment Mgmt
Pennantpark Investment
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$7.13 |
-0.01
-0.07%
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$7.15
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$7.16
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-0.49% |
520,107
134.05%
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388,000
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Most Recent Note for PNNT - 1/8/2024 12:49:17 PM
Perched at its 52-week high with today's gain adding to a spurt of small gains marked by above average volume. Faces some old resistance due to overhead supply up to the $8 level. Reported Sep '23 quarterly earnings +71% on +18% sales revenues versus the year-ago period, its 3rd strong quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria) versus the year-ago period. Annual eanings history (A criteria) had a downturn from FY '17-21 then improved in FY '22 and even better in '23.
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A N
S L
I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$317.75 |
+25.62
8.77%
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$317.97
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$357.00
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-10.99% |
2,220,330
73.45%
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3,023,000
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Most Recent Note for SMCI - 1/8/2024 12:50:29 PM
Rebounding near prior highs and toward its 52-week high with today's big 3rd consecutive gain after a pullback near its 50 DMA line. 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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SNPS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Synopsys Inc
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$496.08 |
+11.27
2.32%
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$498.68
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$573.77
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-13.54% |
667,970
66.80%
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1,000,000
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Most Recent Note for SNPS - 1/8/2024 12:51:47 PM
Slumped well below its 50 DMA line ($522) while abruptly retreating from its all-time high with volume-driven losses. Reported Oct '23 quarterly earnings +66% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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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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