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 MIDDAY BREAKOUTS REPORT - TUESDAY, FEBRUARY 6TH, 2024
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DOW 38427.09 46.97 (0.12%) | NASDAQ 15543.48 -54.2 (-0.35%) | S&P 500 4939.07 -3.74 (-0.08%)
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Time of Screening :
2/6/2024 12:09:37 PM Report Released :
2/6/2024 1:01:50 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 75% 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 |
|
Max Buy |
NVO
- NYSE
Novo Nordisk A/S Adr
|
$116.83
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-1.43
-1.21%
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$118.70
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3,629,456
85.22% of 50 DAV
50 DAV is 4,259,000
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$118.60
-1.49%
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11/2/2023 |
$100.97
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PP = $104.10
MB = $109.31 |
Most Recent Note - 2/6/2024 12:36:38 PM
G - Holding its ground stubbornly and extended from any sound base after a spurt of volume-driven gains. Its 50 DMA line ($104) and recent low ($103.38 on 1/23/24) define important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2024. Click here.
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Company Profile |
SEC |
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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 |
BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.75 |
+0.11
1.14%
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$9.80
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$9.69
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0.62% |
1,432,354
141.68%
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1,011,000
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Most Recent Note for BBVA - 2/6/2024 12:11:00 PM
Gain today for another new 52-week high adds to a recently noted streak of volume-driven gains. Volume and volatility often increase near earnings news. Reported Dec '23 quarterly earnings +51% on +14% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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SEC |
News |
Chart | C
A N
S L
I M
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CHKP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Security Software & Services
Check Point Sftware Tech
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$165.13 |
+4.33
2.69%
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$166.06
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$163.02
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1.29% |
738,827
104.06%
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710,000
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Most Recent Note for CHKP - 2/6/2024 12:14:25 PM
This Israel-based Computer Software - Security firm is hitting a new all-time high with today's gain. Made steady progress from its 200 DMA line since last noted in the 10/30/23 mid-day report. Reported earnings +5% on +4% sales revenues for the Dec '23 quarter. History of steady sales revenues and earnings increases below the fact-based investment system's minimum guidelines.
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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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$13.19 |
-0.30
-2.19%
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$13.30
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$14.02
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-5.96% |
2,674,470
99.31%
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2,693,000
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Most Recent Note for DB - 2/6/2024 12:18:16 PM
Pulling back today for a 2nd loss after rebounding near its 52-week high with volume-driven gains. Found prompt support near its 50 DMA line ($13.11). 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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FI
- NYSE - Oil&Gas-Field Services
Frank's International NV
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$138.84 |
-5.32
-3.69%
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$141.62
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$145.87
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-4.82% |
2,175,618
78.91%
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2,757,000
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Most Recent Note for FI - 2/6/2024 12:20:16 PM
Gapped down today retreating with higher volume after wedging to new all-time highs. Quarterly comparisons through Dec '23 have been below the +25% minimum guideline (C criteria).
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SEC |
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A N
S L
I M
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GHM
- AMEX - MANUFACTURING - Metal Fabrication
Graham Corp
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$22.00 |
+0.04
0.18%
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$22.10
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$23.50
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-6.38% |
43,229
78.60%
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55,000
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Most Recent Note for GHM - 2/6/2024 12:22:05 PM
Gapped up on the prior session hitting a new 52-week high. Recently found prompt support near its 50 DMA line ($19.12). Quarterly comparisons through Dec '23 have shown great sales revenues and earnings improvement over the year-ago periods. Annual earnings history (A criteria) has been subpar and included a loss in FY '22.
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A N
S L
I M
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IR
- NYSE - MANUFACTURING - Diversified Machinery
Ingersoll-Rand Co Cl A
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$82.94 |
+0.03
0.04%
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$83.40
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$84.01
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-1.27% |
6,173,065
274.85%
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2,246,000
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Most Recent Note for IR - 2/6/2024 12:28:58 PM
Extended from any sound base and perched at its all-time high. made steady progress since last noted in the 11/09/23 mid-day report - "Reported Sep '23 quarterly earnings +24% on +15% sales revenues versus the year-ago period. Prior 2 quarterly earnings comparisons were above the +25% minimum guideline (C criteria)."
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A N
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I M
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IT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Gartner Inc
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$456.08 |
-13.71
-2.92%
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$466.03
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$471.76
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-3.32% |
499,266
114.77%
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435,000
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Most Recent Note for IT - 2/6/2024 12:30:52 PM
Found prompt support today after undercutting its 50 DMA line ($449). Reported earnings -18% on +5% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria) of the fact-based system.
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A N
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I M
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MELI
- NASDAQ - INTERNET - Internet Software &; Services
Mercadolibre Inc
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$1,696.58 |
-78.18
-4.40%
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$1,772.61
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$1,800.09
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-5.75% |
370,081
103.37%
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358,000
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Most Recent Note for MELI - 2/6/2024 12:34:50 PM
Pulling back from its 52-week high with today's volume-driven loss. Reported Sep '23 quarterly earnings +180% on +40% sales revenues versus the year ago period. Very strong quarterly comparisons have followed losses in FY '18 -'20. Annual earnings history (A criteria) is not a match with the fact-based investment system's fundamental guidelines.
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I M
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NVT
- NYSE - Electrical-Power/Equipmt
nVent Electric
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$61.98 |
-1.03
-1.63%
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$66.09
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$63.95
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-3.08% |
1,785,855
177.52%
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1,006,000
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Most Recent Note for NVT - 2/6/2024 12:41:57 PM
Reversed into the red after today's early gain for a new all-time high. Prior highs in the $58-59 area define near-term support above its 50 DMA line ($57.41). Reported Dec '23 quarterly earnings +18% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), breaking a streak of 5 strong quarterly comparisons.
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I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
|
$635.49 |
-27.86
-4.20%
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$686.00
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$670.00
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-5.15% |
10,058,012
177.39%
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5,670,000
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Most Recent Note for SMCI - 2/6/2024 12:49:41 PM
Extended from any sound base and there was a "negative reversal" after powering to yet another new all-time high today following big volume-driven gains and an impressive spurt higher. Reported Dec '23 quarterly earnings +71% on +103% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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I M
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SSD
- NYSE - MANUFACTURING - Small Tools & Accessories
Simpson Manufacturing
|
$180.08 |
-3.67
-2.00%
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$193.95
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$202.14
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-10.91% |
179,188
83.34%
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215,000
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Most Recent Note for SSD - 2/6/2024 12:57:02 PM
Slumping below its 50 DMA line with today's "negative reversal" and volume-driven loss. Reported Dec '23 quarterly earnings -5% on +5% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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I M
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TM
- NYSE - AUTOMOTIVE - Auto Manufacturers - Major
Toyota Motor Corp Adr
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$219.12 |
+16.09
7.92%
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$221.77
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$203.18
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7.85% |
552,921
194.69%
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284,000
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Most Recent Note for TM - 2/6/2024 12:59:29 PM
Today's considerable gap up gain has it hitting new 52-week and all-time highs. Reported earnings +75% on +15% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history which is not a match with the fact-based investment system's guidelines.
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VRTX
- NASDAQ - Medical-Biomed/Biotech
Vertex Pharmaceuticals
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$412.50 |
-16.39
-3.82%
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$430.99
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$448.40
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-8.01% |
2,291,576
151.96%
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1,508,000
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Most Recent Note for VRTX - 2/6/2024 1:01:43 PM
Pulling back from its all-time high toward its 50 DMA line ($403) with volume-driven losses. Reported Dec '23 quarterly earnings +12% on +9% sales revenues versus the year-ago period, its 4th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria).
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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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