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 MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 12TH, 2024
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DOW 38923.98 154.32 (0.40%) | NASDAQ 16185.73 166.46 (1.04%) | S&P 500 5157.17 39.23 (0.77%)
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Time of Screening :
3/12/2024 12:47:47 PM Report Released :
3/12/2024 1:25:07 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 |
PAY
- NYSE
Paymentus Holdings
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$22.65
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+1.83
8.79%
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$23.20
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716,649
325.75% of 50 DAV
50 DAV is 220,000
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$21.07
7.50%
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3/5/2024 |
$19.97
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PP = $18.89
MB = $19.83 |
Most Recent Note - 3/12/2024 1:22:36 PM
G - Spiking to new 52-week highs with today's 3rd consecutive volume-driven gain, getting extended from any sound base. Its color code was changed to green after rising above its "max buy" level. Prior highs in the $18 range define important initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. 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 |
ARIS
- NYSE - Pollution Control
Aris Water Solutions Cl A
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$12.76 |
-0.11
-0.85%
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$13.38
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$12.92
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-1.24% |
234,870
96.26%
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244,000
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Most Recent Note for ARIS - 3/12/2024 12:52:22 PM
Revered into the red after hitting a new 52-week high today following recent volume-driven gains. Fundamental concerns remain since last noted with caution in the 6/10/22 mid-day report - "Limited history is a concern after its $13 IPO on 10/22/21. Had a loss of 16 cents per share in FY '21."
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SEC |
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A N
S L
I M
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CASY
- NASDAQ - RETAIL - Super/Mini Markets
Caseys General Stores
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$297.49 |
-1.27
-0.43%
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$302.04
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$314.99
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-5.56% |
262,173
105.71%
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248,000
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Most Recent Note for CASY - 3/12/2024 12:54:59 PM
Consolidating above prior highs in the $291 area which define near-term support to watch. Earnings increases were below the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Jan '24 versus the year ago periods. It was dropped from the Featured Stocks list on 9/27/22.
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A N
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I M
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COST
- NASDAQ - RETAIL - Discount, Variety Stores
Costco Wholesale Corp
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$733.81 |
+19.73
2.76%
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$735.98
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$787.08
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-6.77% |
1,962,004
89.34%
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2,196,000
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Most Recent Note for COST - 3/12/2024 12:56:27 PM
Following 2 consecutive volume-driven losses it is finding support today above its 50 DMA line ($708) after abruptly retreating from its 52-week high. 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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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$14.86 |
+0.57
3.99%
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$14.95
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$14.29
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3.99% |
4,636,991
154.31%
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3,005,000
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Most Recent Note for DB - 3/12/2024 12:58:08 PM
Hitting a new 52-week high with today's "breakaway gap" and 9th consecutive gain backed by ever increasing volume. 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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FUTU
- NASDAQ - Finance-Invest Bnk/Bkrs
Futu Holdings Cl A Ads
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$62.91 |
+3.46
5.82%
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$62.98
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$67.49
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-6.79% |
1,317,579
89.51%
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1,472,000
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Most Recent Note for FUTU - 3/12/2024 1:00:43 PM
Approaching its Oct '23 high with volume-driven gains yet still faces resistance due to overhead supply up to the $72 level. Due to report Dec '23 quarterly results on 3/14/24. Reported Sep '23 quarterly earnings +47% on +37% sales revenues versus the ear ago period, continuing its streak of strong quarterly comparisons (C criteria) well above the +25% minimum. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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A N
S L
I M
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GRMN
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Garmin Ltd
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$148.74 |
+2.75
1.88%
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$148.89
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$146.67
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1.41% |
716,585
75.75%
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946,000
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Most Recent Note for GRMN - 3/12/2024 1:03:07 PM
Hitting new multi-year highs with today's volume-driven gain adding to a recent spurt higher, getting very extended from any sound base. Reported earnings +27% on +13% sales revenues for the Dec '23 quarter versus the year ago period, its first quarterly comparison above the +25% minimum earnings guideline (C criteria) in years. Annual earnings (A criteria) history has been lackluster.
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A N
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I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$7.79 |
-0.15
-1.83%
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$7.86
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$8.00
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-2.69% |
6,038,069
122.63%
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4,924,000
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Most Recent Note for HMY - 3/12/2024 1:04:28 PM
Pulling back today, it rallied to new multi-year highs with 8 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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IGIC
- NASDAQ - INSURANCE - Property & Casualty Insurance
International Gen Ins Hld
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$12.45 |
-0.06
-0.44%
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$12.96
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$13.93
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-10.66% |
44,397
88.79%
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50,000
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Most Recent Note for IGIC - 3/12/2024 1:05:27 PM
Sputtering below its 50 DMA line ($13) which recently acted as resisatnce after damaging volume-driven losses. Noted with caution in prior mid-day reports - "Reported Sep '23 quarterly earnings -48% on -1% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm."
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A N
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I M
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LIN
- NYSE - Chemicals-Specialty
Linde Plc
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$472.04 |
+2.56
0.55%
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$473.21
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$473.98
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-0.41% |
1,387,890
78.77%
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1,762,000
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Most Recent Note for LIN - 3/12/2024 1:06:15 PM
This UK-based Chemicals - Specialty firm is perched at its all-time high today following noted volume-driven gains. Fundamental concerns remain. Through Dec '23 its 9 latest quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady.
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NATR
- NASDAQ - DRUGS - Drug Related Products
Natures Sunshine Prod
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$16.92 |
-0.32
-1.86%
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$17.27
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$19.20
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-11.88% |
45,801
109.05%
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42,000
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Most Recent Note for NATR - 3/12/2024 1:12:01 PM
Due to report Dec '23 quarterly results after today's close. Slumped below its 50 DMA line ($17.66) with recent volume-driven losses raising concerns. Reported strong Sep '23 quarterly earnings versus a loss on +6% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Erratic quarterly and annual earnings history (C and A criteria) leaves fundamental concerns. Faces some resistance due to overhead supply up to the $19 level."
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I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$45.47 |
+0.81
1.81%
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$45.88
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$45.00
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1.04% |
196,992
127.92%
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154,000
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Most Recent Note for NMM - 3/12/2024 1:21:17 PM
Perched at its 52-week high with today's 5th 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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I M
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SN
- NYSE - ENERGY - Independent Oil & Gas
Sanchez Energy Corp
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$56.62 |
+0.74
1.32%
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$57.64
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$57.23
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-1.07% |
727,978
79.13%
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920,000
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Most Recent Note for SN - 3/12/2024 1:24:05 PM
Touched a new 52-week high today and recently wedging higher. Reported Dec '23 quarterly earnings +74% on +16% sales revenues versus the year-ago period, its 3rd quarterly results above the +25% minimum earnings guideline. Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23.
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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.
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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