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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 6TH, 2024
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DOW 38849.22 264.03 (0.68%) | NASDAQ 16066.42 126.84 (0.80%) | S&P 500 5118.93 40.28 (0.79%)
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Time of Screening :
3/6/2024 12:06:45 PM Report Released :
3/6/2024 12:50:17 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 |
CRWD
-
Crowd Strike
|
$333.82
|
+36.26
12.19%
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$365.00
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13,920,960 398.20% of 50 DAV
50 DAV is 3,496,000
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$338.45 -1.37%
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1/2/2024 |
$246.42
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PP = $261.91 MB = $275.01 |
Most Recent Note - 3/6/2024 12:26:53 PM
G - Gapped up today and hit a new all-time high after testing its 50 DMA ($295) which recently acted as support. Fundamentals remain strong after it reported Jan '24 quarterly earnings +102% on +33% sales revenues versus the year-ago period.
>>> 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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A N
S L
I M
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PAY
- NYSE
Paymentus Holdings
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$19.13
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-0.53 -2.67%
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$20.24
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310,765 175.57% of 50 DAV
50 DAV is 177,000
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$21.02 -9.02%
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3/5/2024 |
$19.97
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PP = $18.89 MB = $19.83 |
Most Recent Note - 3/6/2024 12:33:50 PM
Y - Pulling back today, undercutting prior highs raising some concerns. Closed in the middle of its intra-day range with a considerable volume-driven gain on the prior session after highlighted in yellow in the mid-day report with pivot point cited based on its 12/26/23 high plus 10 cents. Reported Dec '23 quarterly earnings +175% on +25% sales revenues versus the year-ago period, its 3rd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong since its $21 IPO in May '21. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. Click here.
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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 |
AGM
- NYSE - FINANCIAL SERVICES - Credit Services
Federal Agric Mtg Cl C
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$186.50 |
-12.04 -6.06%
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$194.44
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$199.40
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-6.47% |
92,614 149.38%
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62,000
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Most Recent Note for AGM - 3/6/2024 12:09:44 PM
Slumping below its 50 DMA line ($185.50) with today's loss, abruptly retreating from a new 52-week high after 4 volume-driven gains. Last noted in the 2/23/24 mid-day report - <i>"Reported earnings +11% on +7% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Annual earnings growth has been steady."</i>
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A N
S L
I M
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AVAV
- NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Aerovironment Inc
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$179.73 |
+12.58
7.53%
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$180.98
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$171.70
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4.68% |
651,436 241.27%
|
270,000
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Most Recent Note for AVAV - 3/6/2024 12:13:18 PM
Gapped up hitting another new all-time high with today's 5th consecutive volume-driven gain. Reported Jan '24 quarterly earnings +91% on +39% sales revenues versus the year-ago period, its 4th strong quarter. Fundamental concerns remain as its annual earnings (A criteria) growth has not been strong and steady.
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BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$10.54 |
+0.30
2.88%
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$10.56
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$10.30
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2.28% |
1,024,673 87.88%
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1,166,000
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Most Recent Note for BBVA - 3/6/2024 12:14:46 PM
Hitting yet another new 52-week high with today's 4th copnsecutive gain backed by ever-increasing volume. Bullish action has continued since 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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BGC
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
General Cable Corp
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$8.46 |
+0.19
2.24%
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$8.56
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$8.48
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-0.29% |
3,836,274 117.35%
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3,269,000
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Most Recent Note for BGC - 3/6/2024 12:16:04 PM
Rallying further hitting new multi-year highs with today's 4th consecutive volume-driven gain. Found prompt support at its 50 DMA line during its recent consolidations. Reported Dec '23 quarterly earnings +31% on +18% sales revenues versus the year-ago period. Noted in prior mid-day reports - "Fundamental concerns remain."
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BWMX
- NASDAQ - Hsehold-Appliances/Wares
Betterware de Mexico SAB
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$18.70 |
+0.41
2.24%
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$18.97
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$19.19
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-2.55% |
36,031 90.08%
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40,000
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Most Recent Note for BWMX - 3/6/2024 12:17:12 PM
Perched at its 52-week high today following a noted streak of volume-driven gains. 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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CIEN
- NYSE - Telecom-Fiber Optics
Ciena Corporation
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$62.66 |
+1.55
2.54%
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$62.94
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$63.24
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-0.92% |
1,363,692 75.72%
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1,801,000
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Most Recent Note for CIEN - 3/6/2024 12:21:00 PM
Perched at its 52-week high today following a spurt of 4 consecutive volume-driven gains as it was last noted with caution in the 3/04/24 mid-day report - "Reported Oct '23 quarterly earnings +23% on +18% sales revenues versus the year ago period. Prior 3 quarterly comparisons were well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady."
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$181.79 |
+0.90
0.50%
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$190.12
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$183.34
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-0.85% |
1,072,276 109.08%
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983,000
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Most Recent Note for DKS - 3/6/2024 12:28:44 PM
Hitting new 52-week and all-time highs with today's gain, extended from any sound base. Reported Oct '23 quarterly earnings +10% on +3% sales revenues versus the year ago period. Prior earnings comparisons were well below the +25% minimum guideline (C criteria). Annual earnings history had a downturn in FY '23.
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ELMD
- AMEX - Medical-Systems/Equip
Electromed Inc
|
$15.58 |
+0.58
3.87%
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$15.79
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$16.06
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-2.99% |
21,379 85.52%
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25,000
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Most Recent Note for ELMD - 3/6/2024 12:29:14 PM
Perched near its 52-week high stubbornly holding its ground following noted volume-driven gains. Recent quarterly comparisons through Dec '23 have been well above the fact-based system's +25% minimum guideline (C criteria). Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$7.13 |
+0.25
3.63%
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$7.20
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$6.99
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2.00% |
4,122,365 91.79%
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4,491,000
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Most Recent Note for HMY - 3/6/2024 12:29:38 PM
Rebounded well above its 50 DMA line ($5.95) and rallied to new multi-year highs with 5 consecutive volume-driven gains. 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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HRI
- NYSE - Comml Svcs-Leasing
Herc Holdings Inc
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$166.67 |
-1.62 -0.96%
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$169.57
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$169.18
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-1.49% |
150,406 86.44%
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174,000
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Most Recent Note for HRI - 3/6/2024 12:30:35 PM
Perched at its 52-week high following a streak of 9 consecutive gains. Reported Dec '22 quarterly earnings +69% on +26% sales revenues versus the year ago period, continuing a streak of strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). The downturn in FY '20 earnings (A criteria) history is not a match with the fact-based investment system's strict fundamental guidelines.
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HTGC
- NYSE - FINANCIAL SERVICES - Closed-End Fund - Debt
Hercules Tech Growth Cap
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$18.50 |
+0.34
1.87%
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$18.68
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$18.88
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-2.01% |
690,900 78.60%
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879,000
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Most Recent Note for HTGC - 3/6/2024 12:31:22 PM
Perched near its 52-week high, consolidating above its 50 DMA line. Reported Dec '23 quarterly earnings +19% on +22% sales revenues versus the year ago period, breaking a streak of 4 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been strong and steady, not a good match with the fact-based investment system's guidelines.
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
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$182.92 |
+0.01
0.01%
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$185.53
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$190.51
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-3.98% |
130,834 87.81%
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149,000
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Most Recent Note for NVMI - 3/6/2024 12:32:30 PM
Perched at its all-time high, stubbornly holding its ground following a spurt of volume-driven gains. 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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ROST
- NASDAQ - RETAIL - Apparel Stores
Ross Stores Inc
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$149.03 |
-0.14 -0.09%
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$149.51
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$151.12
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-1.38% |
1,594,182 87.98%
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1,812,000
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Most Recent Note for ROST - 3/6/2024 12:42:11 PM
Hovering near multi-year highs while recently churning higher volume. This Retail - Apparel/Shoes/Accessories firm made gradual progress since a noted 11/17/23 gap up. Reported earnings +39% on +16% sales revenues for the quarter ended January 31, 2024 versus the year ago period, its 2nd strong quarter. Prior quarterly earnings comparisons were not strong and steady above the investment system's +25% minimum guidelines (C criteria). Annual earnings history (A criteria) has been up and down.
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TDW
- NYSE - TRANSPORTATION - Shipping
Tidewater Inc
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$82.00 |
-0.26 -0.32%
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$86.99
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$85.54
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-4.14% |
675,599 89.72%
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753,000
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Most Recent Note for TDW - 3/6/2024 12:45:00 PM
Perched at its 52-week high following 3 consecutive volume-driven gains. Reported Dec '23 quarterly earnings +133% on +62% sales revenues versus the year-ago period. Annual earnings history is below the guidelines, but after many years of losses it had profitable results in FY '22 and '23.
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TGT
- NYSE - RETAIL - Discount, Variety Stores
Target Corporation
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$172.84 |
+4.26
2.53%
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$175.53
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$171.24
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0.93% |
4,369,798 113.44%
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3,852,000
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Most Recent Note for TGT - 3/6/2024 12:48:18 PM
Gapped up for a 2nd consecutive volume-driven gain today today hitting a new 52-week high. Faces some resistance due to old overhead supply. Reported Jan '24 quarterly earnings +58% on +2% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria) but lackluster sales revenues growth remains a concern. Annual earnings (A criteria) earnings history has been up and down.
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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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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
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