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 MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 8TH, 2024
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DOW 38871.8 80.45 (0.21%) | NASDAQ 16238.13 -35.25 (-0.22%) | S&P 500 5155.57 -1.79 (-0.03%)
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Time of Screening :
3/8/2024 11:53:18 AM Report Released :
3/8/2024 12:35:42 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 |
|
Max Buy |
CRWD
-
Crowd Strike
|
$325.05
|
-4.63
-1.40%
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$341.74
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3,400,343
83.92% of 50 DAV
50 DAV is 4,052,000
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$365.00
-10.94%
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1/2/2024 |
$246.42
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PP = $261.91
MB = $275.01 |
Most Recent Note - 3/8/2024 12:04:38 PM
G - Perched near its all-time high but enduring noted distributional pressure. Its 50 DMA ($298) 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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A N
S L
I M
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NVO
- NYSE
Novo Nordisk A/S Adr
|
$132.44
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-3.49
-2.57%
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$134.83
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6,204,838
123.53% of 50 DAV
50 DAV is 5,023,000
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$138.28
-4.22%
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3/1/2024 |
$124.23
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PP = $124.97
MB = $131.22 |
Most Recent Note - 3/8/2024 12:22:57 PM
G - Gapped down today, pulling back from its all-time high after quickly powering well above its "max buy" level. Recent lows in the $118 area define initial support to watch above its 50 DMA line ($114.73).
>>> The latest Featured Stock Update with an annotated graph appeared on 2/8/2024. 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
|
$18.73
|
+0.28
1.49%
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$18.90
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182,721
91.36% of 50 DAV
50 DAV is 200,000
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$21.02
-10.92%
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3/5/2024 |
$19.97
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PP = $18.89
MB = $19.83 |
Most Recent Note - 3/8/2024 12:24:56 PM
Y - Rising today after 2 consecutive volume-driven losses undercut the prior highs raised some concerns. Closed in the middle of its intra-day range with a considerable volume-driven gain after highlighted in yellow in the 3/05/24 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.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. Click here.
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SEC |
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A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
|
$284.46
|
+1.46
0.52%
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$287.01
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17,622
92.75% of 50 DAV
50 DAV is 19,000
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$284.71
-0.09%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 3/8/2024 12:31:38 PM
G - Wedging to new all-time highs above its "max buy" level with recent gains lacking great volume conviction and its color code is changed to green. Recent gains above the pivot point were not backed by the minimum +40% above average volume necessary to trigger a proper 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
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 |
AMD
- NYSE - ELECTRONICS - Semiconductor - Broad Line
Advanced Micro Devices
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$212.33 |
+0.95
0.45%
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$227.30
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$214.81
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-1.15% |
62,750,756
81.35%
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77,140,000
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Most Recent Note for AMD - 3/8/2024 11:56:54 AM
Fundamentals are a concern. Reported Dec '23 quarterly earnings +12% on +10% sales revenues versus the year ago period. Hit another new all-time high today, getting extended from any sound base. Went through a long and deep consolidation after last noted with caution and dropped from the Featured Stocks list on 1/19/22.
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A N
S L
I M
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ASML
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
A S M L Holding N.V. NY
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$1,011.67 |
-35.72
-3.41%
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$1,040.21
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$1,056.34
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-4.23% |
751,397
60.16%
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1,249,000
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Most Recent Note for ASML - 3/8/2024 11:57:47 AM
Found support at its 50 DMA line then rallied to hit a new 52-week highs with a noted spurt of volume-driven gains. Reported Dec '23 quarterly earnings +17% on +16% sales revenues versus the year ago period, its 2nd quarterly earnings increase below the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21.
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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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$168.97 |
-8.70
-4.90%
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$177.00
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$184.61
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-8.47% |
236,367
76.99%
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307,000
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Most Recent Note for AVAV - 3/8/2024 11:58:54 AM
Pulling back from its all-time high with today's 2nd consecutive volume-driven loss. Extended from any sound base following a noted streak of 5 consecutive volume-driven gains. 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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I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,333.38 |
-73.63
-5.23%
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$1,413.00
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$1,438.17
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-7.29% |
3,441,591
126.30%
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2,725,000
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Most Recent Note for AVGO - 3/8/2024 12:00:36 PM
Pulling back from its all-time high. Near-term support is its 50 DMA line ($1,216). Reported earnings +6% on +34% sales revenues for the Jan '24 quarter versus the year ago period, its 5th subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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BGC
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
General Cable Corp
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$8.62 |
+0.19
2.25%
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$8.67
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$8.56
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0.70% |
2,272,024
64.49%
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3,523,000
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Most Recent Note for BGC - 3/8/2024 12:01:34 PM
Rallying further hitting new multi-year highs today while adding to a noted spurt of volume-driven gains. 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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COST
- NASDAQ - RETAIL - Discount, Variety Stores
Costco Wholesale Corp
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$735.39 |
-50.20
-6.39%
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$756.22
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$787.08
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-6.57% |
4,139,421
204.72%
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2,022,000
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Most Recent Note for COST - 3/8/2024 12:03:00 PM
Gapped down today pulling back for a big volume-driven loss after 5 consecutive gains to new 52-week highs. Very extended from any sound base. Fundamental concerns remain. Reported earnings +12% on +6% sales revenues for the Feb '24 quarter versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria).
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A N
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
|
$14.00 |
+0.06
0.39%
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$14.11
|
$14.02
|
-0.18% |
2,070,037
70.65%
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2,930,000
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Most Recent Note for DB - 3/8/2024 12:06:01 PM
Touched a new 52-week high with today's 6th consecutive gain. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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I M
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$43.72 |
+3.62
9.01%
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$43.73
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$40.31
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8.45% |
81,585
151.08%
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54,000
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Most Recent Note for DXPE - 3/8/2024 12:09:44 PM
Two consecutive volume-driven gains helped it abruptly rally to new 52-week highs. Reported earnings +124% on +0% sales revenues for the Dec '23 quarter versus the year-ago period. Quarterly earnings have been above the +25% minimum guideline (C criteria) but sequential comparisons showed worrisome deceleration in sales revenues growth. After a downturn in FY '20 earnings (A criteria) its annual earning growth has been strong.
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FOR
- NYSE - Real Estate Dvlpmt/Ops
Forestar Group Inc
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$37.24 |
+0.17
0.47%
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$38.29
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$38.73
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-3.83% |
159,675
87.25%
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183,000
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Most Recent Note for FOR - 3/8/2024 12:10:47 PM
Challenging its 52-week high with today's 4th consecutive volume-driven gain. Reported stronger Sep and Dec '23 quarterly results but prior quarterly earnings increases were below the +25% minimum earnings guideline (C criteria) and not a match with the fact-based investment system's guidelines.
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A N
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I M
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KELYA
- NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service
Kelly Services Inc Cl A
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$25.12 |
+0.99
4.10%
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$25.27
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$25.05
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0.28% |
132,361
64.25%
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206,000
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Most Recent Note for KELYA - 3/8/2024 12:16:29 PM
Hitting a new 52-week high with today's 3r consecutive gain backed by ever-increasing volume. Reported earnings +417% on +0% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain. Annual earnings (A criteria) history has been up and down, not a match with the strict fact-based investment system's guidelines.
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KR
- NYSE - RETAIL - Grocery Stores
Kroger Co
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$55.06 |
-0.42
-0.76%
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$55.77
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$55.54
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-0.86% |
3,974,587
82.99%
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4,789,000
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Most Recent Note for KR - 3/8/2024 12:18:32 PM
Hit a new 52-week high on the prior session with a considerable volume-driven gain. Reported earnings +15% on +6% sales revenues for the Jan '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings (C criteria) guideline. Annual earnings (A criteria) growth has been steady.
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$43.01 |
+2.12
5.18%
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$43.67
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$40.97
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4.98% |
303,428
218.29%
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139,000
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Most Recent Note for NMM - 3/8/2024 12:19:10 PM
Gapped up today hitting a new 52-week high with a 3rd consecutive volume-driven gain. Quarterly comparisons through Dec '23 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$902.43 |
-24.40
-2.63%
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$974.00
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$927.67
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-2.72% |
51,844,348
104.93%
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49,407,000
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Most Recent Note for NVDA - 3/8/2024 12:20:27 PM
Gapped up today but reversed into the red after hitting yet another new all-time high. Reported Jan '24 quarterly earnings +486% on +265% sales revenues versus the year ago period, its 3rd 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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TAYD
- NASDAQ - MANUFACTURING - Diversified Machinery
Taylor Devices Inc
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$43.28 |
+1.63
3.91%
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$45.37
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$42.01
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3.02% |
31,061
207.07%
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15,000
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Most Recent Note for TAYD - 3/8/2024 12:28:12 PM
Reversed into the red after hitting a new all-time high today following 2 consecutive volume-driven gains. Prior mid-day reports cautioned members - "Reported Feb '23 quarterly earnings versus a loss for the year-ago period, continuing a streak of strong quarterly comparisons with strong underlying sales revenues growth. Fundamental concerns remain due to up and down annual earnings (A criteria)."
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XP
- NASDAQ - Finance-Invest Bnk/Bkrs
XP Inc Cl A
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$25.14 |
+0.28
1.13%
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$25.60
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$27.71
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-9.27% |
2,950,583
61.69%
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4,783,000
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Most Recent Note for XP - 3/8/2024 12:35:02 PM
Posting a 4th consecutive gain today rebounding above its 50 DMA line ($25.05) after finding prompt support again at its 200 DMA line ($23.76). Reported earnings +12% on +39% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly comparisons were subpar and fundamental concerns remain. Brazil-based securities brokerage went through a deep consolidation since noted with caution in the 8/12/20 mid-day report - "Completed a Secondary Offering on 7/02/20. Completed its $27 IPO on 12/11/29. Limited history is a concern."
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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