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 MIDDAY BREAKOUTS REPORT - MONDAY, FEBRUARY 12TH, 2024
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DOW 38881.43 209.74 (0.54%) | NASDAQ 16060.44 69.78 (0.44%) | S&P 500 5045.51 18.9 (0.38%)
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Time of Screening :
2/12/2024 12:17:34 PM Report Released :
2/12/2024 5:15:44 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 |
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Max Buy |
ANET
- NYSE
Arista Networks, Inc
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$283.55
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+1.10
0.39%
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$292.66
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4,106,160
228.50% of 50 DAV
50 DAV is 1,797,000
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$284.82
-0.45%
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10/31/2023 |
$188.84
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PP = $198.80
MB = $208.74 |
Most Recent Note - 2/12/2024 12:25:02 PM
G - Posting a 4th consecutive volume-driven gain today hitting yet another new all-time high, getting very extended from any sound base. Its 50 DMA line ($246) defines important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2024. Click here.
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SEC |
News |
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A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
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$266.88
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+6.89
2.65%
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$266.88
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20,051
111.39% of 50 DAV
50 DAV is 18,000
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$264.99
0.71%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 2/12/2024 12:54:30 PM
Y - Hitting a new all-time high with today's 4th consecutive gain backed by ever-increasing volume. Finished strong and managed a best-ever close after highlighted in yellow in the 2/09/24 mid-day report with pivot point cited based on its 1/24/24 high plus 10 cents. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a conviciing new technical buy signal. Through Dec '23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/9/2024. Click here.
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ALG
- NYSE - MANUFACTURING - Farm & Construction Machinery
Alamo Group Inc
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$223.25 |
+4.90
2.24%
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$231.40
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$219.03
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1.93% |
87,994
149.14%
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59,000
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Most Recent Note for ALG - 2/12/2024 12:23:09 PM
Hitting a new all-time high with today's 4th consecutive volume-driven gain. Reported earnings +35% on +14% sales revenues for the quarter ended December 31, 2023, versus the year-ago period, its 5th strong quarter. Fundamental concerns remain with regard to the fact-based investment system's guidelines after annual earnings had a downturn in FY '19 and '20.
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A N
S L
I M
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BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.94 |
+0.02
0.15%
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$9.95
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$9.92
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0.15% |
819,161
75.01%
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1,092,000
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Most Recent Note for BBVA - 2/12/2024 12:27:06 PM
Perched at its 52-week high today while adding to a noted streak of small gains backed by above-average volume. Bullish action came after it 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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A N
S L
I M
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DDOG
- NASDAQ - Computer Sftwr-Enterprse
Datadog Inc
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$135.66 |
+0.75
0.56%
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$137.11
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$137.93
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-1.65% |
3,710,426
93.18%
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3,982,000
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Most Recent Note for DDOG - 2/12/2024 12:30:44 PM
Due to report Dec '23 quarterly results. Volume and volatility often increase near earnings news. Perched at its 52-week high with today's 4th consecutive gain. Found support above its 50 DMA line ($123) during recent consolidations. Faces some resistance due to old overhead supply up to the $184 level. Patient investors may watch for a new base or secondary buy point to possibly develop in the weeks ahead. Reported Sep '23 quarterly earnings +96% on +25% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19.
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A N
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I M
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ELTK
- NASDAQ - ELECTRONICS - Printed Circuit Boards
Eltek Ltd
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$21.93 |
+3.04
16.09%
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$22.80
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$20.97
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4.58% |
274,782
247.55%
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111,000
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Most Recent Note for ELTK - 2/12/2024 12:32:54 PM
Israel-based maker of circuit boards is extended from any sound base and hitting new multi-year highs with above-average volume behind today's big 3rd consecutive gain. On 1/17/24 it broke out of a 5-week base. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Its 50 DMA line ($15.76) defines 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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A N
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I M
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INFA
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Informatica Corp
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$31.22 |
+0.10
0.32%
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$31.90
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$31.66
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-1.39% |
3,453,169
375.75%
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919,000
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Most Recent Note for INFA - 2/12/2024 12:35:02 PM
Due to report Dec '23 quarterly results on 2/24/24. Perched at its 52-week high churning heavy volume without making meaningful price progress after holding its ground stubbornly in recent weeks. Prior mid-day reports noted - "No resistance remaining due to overhead supply. Reported Sep '23 quarterly earnings +50% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were subpar and fundamental concerns remain."
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MEDP
- NASDAQ - Medical-Research Eqp/Svc
Medpace Holdings Inc
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$322.95 |
-3.44
-1.05%
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$329.23
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$331.10
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-2.46% |
136,989
75.27%
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182,000
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Most Recent Note for MEDP - 2/12/2024 12:38:47 PM
Found support near its 50 DMA line ($297) in recent weeks and perched at its all-time high today following noted volume-driven gains. Due to report Dec '23 quarterly results. Its Sep '23 quarterly earnings rose +8% on +28% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns after 6 much stronger quarters. Dropped from the Featured Stocks list on 10/03/23.
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MLM
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Martin Marietta Materls
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$539.71 |
+12.57
2.38%
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$541.81
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$527.66
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2.28% |
229,626
76.04%
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302,000
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Most Recent Note for MLM - 2/12/2024 12:41:11 PM
Extended from any sound base and perched at its all-time high. Due to report Dec '23 quarterly results on 2/14/24. Reported strong Mar, Jun, and Sep '23 quarterly earnings versus the year-ago periods. Fundamental concerns remain after a slight downturn in FY '22 earnings (A criteria).
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MLR
- NYSE - AUTOMOTIVE - Auto Parts
Miller Industries Inc
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$43.95 |
+0.60
1.38%
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$43.95
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$43.50
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1.03% |
42,096
84.19%
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50,000
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Most Recent Note for MLR - 2/12/2024 12:42:39 PM
Hitting a new 52-week high with today's gain. Found support near its 50 DMA line in recent weeks. 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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PINS
- NYSE - INTERNET - Content
Pinterest Inc Cl A
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$35.96 |
-0.92
-2.48%
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$37.05
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$41.60
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-13.57% |
9,574,008
90.60%
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10,567,000
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Most Recent Note for PINS - 2/12/2024 12:44:04 PM
Slumping for a 4th consecutive volume-driven loss today after violating its 50 DMA line ($37) on the prior session with a damaging volume-driven loss, abruptly retreating from its 52-week high. Reported Dec '23 quarterly earnings +83% on +12% sales revenues versus the year-ago period, its 3rd strong quarter. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SHOP
- NYSE - Computer Sftwr-Enterprse
Shopify Inc
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$90.67 |
-0.05
-0.06%
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$91.57
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$91.44
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-0.84% |
8,462,290
86.10%
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9,829,000
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Most Recent Note for SHOP - 2/12/2024 12:48:19 PM
Perched at its 52-week high today while on track for a 5th consecutive gain. Due to report Dec '23 quarterly results on 2/13/24. Gradually wedged higher and found support at its 50 DMA line ($78.44) since noted with caution in the 11/28/23 mid-day report - "Reported Sep '23 quarterly earnings of 24 cents per share versus a loss of 2 cents per share on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons and annual earnings history is below the fundamental guidelines (C and A criteria) of the fact-based investment system. Went through a long deep consolidation after dropped from the Featured Stocks list on 9/28/21."
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$786.57 |
+46.28
6.25%
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$810.00
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$745.17
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5.56% |
8,965,829
137.96%
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6,499,000
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Most Recent Note for SMCI - 2/12/2024 12:48:49 PM
Extended from any sound base and above average volume is behind today's 6th consecutive gain while adding to an impresive spurt higher, hitting yet another new all-time high. 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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TKC
- NYSE - TELECOMMUNICATIONS - Wireless Communications
Turkcell Ilet Hizme Adr
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$5.66 |
+0.15
2.63%
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$5.73
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$5.70
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-0.79% |
327,777
95.01%
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345,000
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Most Recent Note for TKC - 2/12/2024 12:52:53 PM
Hitting a new 52-week high today after holding its ground stubbornly following recently noted volume-driven gains. This Turkish telecom firm reported improved results in 3 of the 4 latest quarterly comparisons through Sep '23 above the +25% minimum earnings guideline (C criteria). However, it has a subpar annual earnings history (A criteria) after a downturn in FY '21, and consensus estimates call for -14% lower earnings in FY '23.
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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.
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be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
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