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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 1ST, 2024
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DOW 39047.92 51.53 (0.13%) | NASDAQ 16194.81 102.89 (0.64%) | S&P 500 5118.04 21.77 (0.43%)
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Time of Screening :
3/1/2024 12:17:48 PM Report Released :
3/1/2024 12:49:25 PM Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High Volume Is:
At least 85% 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 |
AXON
- NASDAQ
Axon Enterprise Inc
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$309.88
|
+2.51
0.82%
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$310.54
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384,293 89.16% of 50 DAV
50 DAV is 431,000
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$318.90 -2.83%
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11/8/2023 |
$127.84
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PP = $223.30 MB = $234.47 |
Most Recent Note - 3/1/2024 12:21:05 PM
G - Very extended from any sound base after hitting a new all-time high with a big volume-driven gain on 2/28/24. Bullish action came after it reported Dec '23 quarterly earnings +60% on +29% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Prior highs in the $260-262 area define initial support to watch along with its 50-day moving average (DMA) line ($261).
>>> The latest Featured Stock Update with an annotated graph appeared on 2/12/2024. Click here.
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SEC |
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Chart | C
A N
S L
I M
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CRWD
-
Crowd Strike
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$312.61
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-11.54 -3.56%
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$319.72
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3,166,695 99.71% of 50 DAV
50 DAV is 3,176,000
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$338.45 -7.63%
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1/2/2024 |
$246.42
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PP = $261.91 MB = $275.01 |
Most Recent Note - 3/1/2024 12:25:18 PM
G - Perched within striking distance of its all-time high, showing resilience after testing support near its 50 DMA line ($292) last week. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/6/2024. Click here.
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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 |
ADSK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Autodesk Inc
|
$260.13 |
+1.96
0.76%
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$279.53
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$269.53
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-3.49% |
1,961,284 164.54%
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1,192,000
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Most Recent Note for ADSK - 3/1/2024 12:18:56 PM
Hit a new 52-week high today. Through the Jan '24 quarter its earnings history is below the investment system's fundamental guidelines.
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SEC |
News |
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A N
S L
I M
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APG
- NYSE - Security/Sfty
APi Group Corporation
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$37.02 |
+1.97
5.61%
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$37.04
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$36.41
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1.66% |
3,397,357 248.16%
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1,369,000
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Most Recent Note for APG - 3/1/2024 12:20:01 PM
Hitting a new all-time high with today's 2nd consecutive volume-driven gain. Reported Dec '23 quarterly earnings +22% on +3% sales revenues versus the year-ago period. Fundamental concerns remain.
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A N
S L
I M
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BAND
- NASDAQ - Computer Sftwr-Enterprse
Bandwidth Inc Cl A
|
$20.43 |
-0.11 -0.54%
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$20.73
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$20.85
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-2.01% |
387,368 112.61%
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344,000
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Most Recent Note for BAND - 3/1/2024 12:21:32 PM
Posted 3 consecutive volume-driven gains. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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A N
S L
I M
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BWMX
- NASDAQ - Hsehold-Appliances/Wares
Betterware de Mexico SAB
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$19.02 |
+1.02
5.65%
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$19.02
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$18.63
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2.07% |
66,816 180.58%
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37,000
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Most Recent Note for BWMX - 3/1/2024 12:22:15 PM
Hitting a new 52-week high with today's 9th consecutive volume-driven gain. Reported Dec '23 quarterly earnings +87% on +21% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain.
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A N
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CLS
- NYSE - Elec-Contract Mfg
Celestica Inc
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$45.85 |
+3.32
7.81%
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$46.34
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$42.87
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6.95% |
2,204,888 109.32%
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2,017,000
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Most Recent Note for CLS - 3/1/2024 12:22:38 PM
Extended from any sound base and hitting yet another new 52-week high with today's gap up gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Rallied steadily after finding prompt support near its 50 DMA line in January. Reported earnings +36% on +5% sales revenues for the Dec '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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I M
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CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$317.68 |
+8.86
2.87%
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$318.72
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$310.54
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2.30% |
4,681,452 86.68%
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5,401,000
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Most Recent Note for CRM - 3/1/2024 12:23:48 PM
Extended from any sound base and hitting new all-time highs with today's 3rd consecutive volume-driven gain. Reported Jan '24 quarterly earnings +36% on +11% sales revenues versus the year ago period, its 5th strong quarterly comparison. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 968 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,703 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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GRBK
- NASDAQ - Real Estate Dvlpmt/Ops
Green Brick Partners Inc
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$54.00 |
-4.50 -7.69%
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$54.14
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$59.36
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-9.03% |
567,010 220.63%
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257,000
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Most Recent Note for GRBK - 3/1/2024 12:29:35 PM
Gapped down today testing its 50 DMA line ($52.70) after hitting a new 52-week high on the prior session with a volume-driven gain. Faces no resistance due to overhead supply. Reported Dec '23 quarterly earnings +34% on +4% sales revenues versus the year-ago period. Prior 4 quarterly comparisons were below the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria). The Building - Residential/Commercial industry group is currently ranked 55th on the 197 Industry Groups list, a reassuring sign concerning the L criteria. Completed a Secondary Offering on 1/27/21.
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$5.93 |
+0.22
3.85%
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$5.93
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$6.76
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-12.28% |
5,384,490 128.72%
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4,183,000
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Most Recent Note for HMY - 3/1/2024 12:32:46 PM
Trading near its 50 DMA line ($5.91) after recently slumping from multi-year highs. Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines.
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IESC
- NASDAQ - Bldg-Maintenance & Svc
Integrated Electric Svcs
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$112.64 |
+2.72
2.47%
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$112.69
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$109.96
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2.43% |
66,493 96.37%
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69,000
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Most Recent Note for IESC - 3/1/2024 12:33:14 PM
Perched at its all-time high today following noted volume-driven gains. Reported greatly improved earnings for the Mar, Jun, Sep, and Dec '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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LMAT
- NASDAQ - Medical-Products
Lemaitre Vascular Inc
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$67.37 |
-2.63 -3.76%
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$70.00
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$74.64
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-9.74% |
101,556 96.72%
|
105,000
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Most Recent Note for LMAT - 3/1/2024 12:33:59 PM
Pulling back today for a 2nd volume-driven loss after spiking to a new all-time high on 2/28/24. Reported earnings +52% on +19% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been up and down leaving fundamental concerns.
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
|
$183.16 |
+9.71
5.60%
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$183.79
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$173.49
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5.57% |
132,692 96.15%
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138,000
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Most Recent Note for NVMI - 3/1/2024 12:35:51 PM
Reported Dec '23 quarterly earnings +6% on -11% sales revenues versus the year-ago period, its 6th quarterly comparison below the +25% minimum earnings guideline (C criteria). This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Annual earnings history (A criteria) has been up and down.
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PSTG
- NYSE - Computer-Data Storage
Pure Storage Inc Cl A
|
$54.82 |
+2.17
4.12%
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$54.95
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$52.76
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3.90% |
4,581,404 91.74%
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4,994,000
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Most Recent Note for PSTG - 3/1/2024 12:37:06 PM
Hitting another new all-time high with today's 3rd consecutive volume-driven gain. Reported Jan '24 quarterly earnings -6% on -3% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings (C criteria) guideline. Annual earnings history (A criteria) included a downturn in FY '21.
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STRA
- NASDAQ - DIVERSIFIED SERVICES - Education & Training Services
Strayer Education Inc
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$108.01 |
-2.78 -2.51%
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$110.79
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$111.95
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-3.52% |
62,063 85.02%
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73,000
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Most Recent Note for STRA - 3/1/2024 12:40:58 PM
Gapped up and rallied for a considerable gain and new 52-week high on the prior session. Reported Dec 31, 2023 quarterly earnings +115% on +12% sales revenues versus the year-ago period, its 2nd strong quarterly comparison. Annual earnings (A criteria) history has been erratic. Small supply of 24.4 shares outstanding (S criteria) may contribute to greater price volatility in the event of institutional buying or selling.
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VEEV
- NYSE - Computer Sftwr-Medical
Veeva Systems Inc Cl A
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$227.96 |
+2.45
1.08%
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$230.66
|
$228.02
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-0.03% |
955,196 94.20%
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1,014,000
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Most Recent Note for VEEV - 3/1/2024 12:44:03 PM
Hit a new 52-week high today. Reported Jan '24 quarterly earnings +20% on +12% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 12/09/20.
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VSEC
- NASDAQ - DIVERSIFIED SERVICES - Technical Services
V S E Corp
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$74.77 |
+0.67
0.90%
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$76.94
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$74.52
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0.33% |
62,778 86.00%
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73,000
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Most Recent Note for VSEC - 3/1/2024 12:48:18 PM
Hitting a new 52-week high with today's 6th volume-driven gain in the span of 7 sessions. Earnings increases were above the +25% minimum earnings guideline (C criteria) in the 4 latest quarterly comparisons through Sep '23 versus the year ago period. Annual earnings history (A criteria) has not been strong and steady.
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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.
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be suitable for all investors and it is not to be deemed
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