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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 20TH, 2024
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DOW 39128.34 17.58 (0.04%) | NASDAQ 16151.06 -15.73 (-0.10%) | S&P 500 5176.76 -1.75 (-0.03%)
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Time of Screening :
3/20/2024 12:08:02 PM Report Released :
3/20/2024 12:47:56 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 45% 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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$23.91
|
+1.52
6.80%
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$24.26
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305,097
102.73% of 50 DAV
50 DAV is 297,000
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$24.99
-4.31%
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3/5/2024 |
$19.97
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PP = $18.89
MB = $19.83 |
Most Recent Note - 3/20/2024 12:44:21 PM
G - Posting a volume-driven gain today rebounding near its 52-week high. Very extended from the previously noted base. 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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Company Profile |
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 |
CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$2,925.00 |
+127.44
4.56%
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$3,023.98
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$2,813.99
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3.94% |
566,591
263.53%
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215,000
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Most Recent Note for CMG - 3/20/2024 12:10:14 PM
Gapped up hitting another new all-time high with today's big volume-driven gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Dec '23 quarterly earnings +25% on +15% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria). Its annual earnings (A criteria) history included a downturn in FY '20 followed by much stronger FY '21 and '22 results. Already owned by 2,319 top-rated funds as of Dec '23.
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SEC |
News |
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A N
S L
I M
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CROX
- NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear
Crocs Inc
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$137.43 |
+5.72
4.34%
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$137.77
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$151.32
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-9.18% |
718,028
47.77%
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1,503,000
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Most Recent Note for CROX - 3/20/2024 12:21:58 PM
Rebounding toward its 52-week high. Overhead supply remains to act as resistance up to the $151 level. Reported Dec '24 quarterly earnings -3% on +2% sales revenues versus the year-ago period, its 3rd quarterly earnings comparison below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 10/08/21.
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A N
S L
I M
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EGY
- NYSE - ENERGY - Independent Oil & Gas
Vaalco Energy Inc
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$5.90 |
-0.14
-2.24%
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$6.03
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$6.04
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-2.40% |
549,619
63.69%
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863,000
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Most Recent Note for EGY - 3/20/2024 12:22:37 PM
Hit new 52-week highs with a noted streak of volume-driven gains. For the Dec '23 quarter it reported earnings +95% on +55% sales revenues versus the year ago period. Erratic quarterly and annual earnings (C and A criteria) history is a concern. Low priced stocks are riskier choices which the investment system guidelines say should be avoided unless all key criteria are soundly satisfied.
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A N
S L
I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$7.70 |
+0.30
3.99%
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$7.82
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$8.07
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-4.65% |
3,368,350
58.13%
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5,795,000
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Most Recent Note for HMY - 3/20/2024 12:29:39 PM
Consolidating after rallying to new multi-year highs with a noted spurt of volume-driven gains. Prior mid-day reports noted - "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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I M
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HQY
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Healthcare Information Service
HealthEquity, Inc
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$80.74 |
-2.79
-3.34%
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$84.49
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$84.13
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-4.03% |
435,536
74.58%
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584,000
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Most Recent Note for HQY - 3/20/2024 12:31:39 PM
Recently wedged to new highs and now consolidating above prior highs in the $79 area that define initial support to watch. Reported earnings +70% on +12% sales revenues for the Jan '24 quarter versus the year-ago period, its 5th strong quarterly comparison well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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A N
S L
I M
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HWM
- NYSE - Steel-Specialty Alloys
Howmet Aerospace inc
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$67.52 |
+0.35
0.52%
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$67.96
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$69.55
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-2.92% |
1,765,842
50.60%
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3,490,000
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Most Recent Note for HWM - 3/20/2024 12:39:02 PM
Hovering near its all-time high with today's 4th consecutive volume-driven gain. Recent quarterly comparisons through Dec '23 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19 and '20.
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A N
S L
I M
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IGIC
- NASDAQ - INSURANCE - Property & Casualty Insurance
International Gen Ins Hld
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$13.34 |
+0.44
3.41%
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$13.36
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$13.93
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-4.24% |
37,401
76.33%
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49,000
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Most Recent Note for IGIC - 3/20/2024 12:40:15 PM
Rebounding above its 50 DMA line ($13) which recently acted as resistance after damaging volume-driven losses. Reported Dec '23 quarterly earnings +57% on +17% 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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JFIN
- NASDAQ - Financial Svcs-Specialty
Jiayin Group Cl A
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$7.06 |
-0.11
-1.53%
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$7.30
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$8.19
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-13.80% |
71,177
79.97%
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89,000
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Most Recent Note for JFIN - 3/20/2024 12:40:42 PM
China-based firm is perched within striking distance of its 52-week high after recent volume-driven gains. Reported Sep '23 quarterly earnings +28% on +60% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly earnings comparisons were above the +25% minimum guideline (C criteria). There was a downturn in FY '19 and '20 earnings, and fundamental concerns remain.
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A N
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I M
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NX
- NYSE - METALS & MINING - Steel & Iron
Quanex Building Products
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$36.91 |
-0.47
-1.26%
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$37.55
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$37.46
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-1.47% |
67,502
53.57%
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126,000
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Most Recent Note for NX - 3/20/2024 12:41:59 PM
Reversing into the red today after rallying to a new 52-week high with a big volume-driven gain on the prior session. Reported Jan '24 quarterly earnings +0% on -9% sales revenues versus the year-ago period and fundamental concerns remain. Annual earnings (A criteria) has been strong after a downturn in FY '17 and '18.
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I M
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PAGS
- NYSE - Finance-CrdtCard/PmtPr
Pagseguro Digital Cl A
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$14.02 |
+0.16
1.15%
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$14.09
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$14.98
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-6.41% |
1,714,333
58.21%
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2,945,000
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Most Recent Note for PAGS - 3/20/2024 12:43:27 PM
Consolidating above its 50 DMA line ($13.21). Reported Dec '23 quarterly earnings +41% on +20% sales revenues versus the year-ago period but fundamental concerns remain. Completed a Secondary Offering on 10/17/19. Went through a long and deep consolidation since noted with caution and dropped from the Featured Stocks list on 10/22/19.
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I M
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QFIN
- NASDAQ - Financial Svcs-Specialty
360 Finance Inc Cl A Ads
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$19.66 |
+1.19
6.44%
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$19.70
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$20.40
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-3.63% |
1,264,611
109.49%
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1,155,000
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Most Recent Note for QFIN - 3/20/2024 12:45:20 PM
Rebounding toward prior highs, it faces resistance due to overhead supply up to the $25 level. Reported Dec '23 quarterly earnings +22% on +12% sales revenues versus the year ago period and prior quarterly comparisons were subpar. Limited history is a concern since this China - based Financial Services - Specialty firm completed its $16.50 IPO on 12/14/18.
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A N
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I M
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SAIA
- NASDAQ - TRANSPORTATION - Trucking
Saia Inc
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$558.05 |
-1.96
-0.35%
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$564.36
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$628.34
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-11.19% |
138,645
46.53%
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298,000
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Most Recent Note for SAIA - 3/20/2024 12:46:51 PM
Pulling back from its all-time high with today's 9th loss in the span of 10 sessions. Reported Dec '23 quarterly earnings +26% on +15% sales revenues versus the year-ago period. Subpar sales revenues and earnings increases below the +25% minimum guideline (C criteria) in the 4 prior quarterly comparisons leave fundamental concerns.
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I M
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SN
- NYSE - ENERGY - Independent Oil & Gas
Sanchez Energy Corp
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$58.76 |
-0.39
-0.66%
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$59.76
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$59.95
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-1.98% |
1,690,281
174.08%
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971,000
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Most Recent Note for SN - 3/20/2024 12:47:51 PM
Hit a new 52-week high on the prior session, recently rising steadily with volume-driven gains. 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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