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 MIDDAY BREAKOUTS REPORT - THURSDAY, MARCH 21ST, 2024
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DOW 39807.96 295.83 (0.75%) | NASDAQ 16486.14 116.73 (0.71%) | S&P 500 5257.57 32.95 (0.63%)
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Time of Screening :
3/21/2024 12:02:48 PM Report Released :
3/21/2024 1:38:35 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 |
NVO
- NYSE
Novo Nordisk A/S Adr
|
$130.68
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+0.32
0.25%
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$130.82
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4,272,379
78.65% of 50 DAV
50 DAV is 5,432,000
|
$138.28
-5.50%
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3/1/2024 |
$124.23
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PP = $124.97
MB = $131.22 |
Most Recent Note - 3/21/2024 1:25:44 PM
G - Managed a "positive reversal" from today's early low. Volume totals have been cooling while stubbornly holding its ground after rallying from a noted new advanced "3-weeks tight" base with big volume-driven gains. Its 50 DMA line ($120) defines near-term support above prior lows in the $118 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2024. 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
|
$305.58
|
+5.41
1.80%
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$307.48
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23,778
108.08% of 50 DAV
50 DAV is 22,000
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$303.16
0.80%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 3/21/2024 1:33:22 PM
G - Today's volume-driven gain has it hitting another new all-time high, getting more extended from the previously noted base. Prior highs in the $265-266 area define initial near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/13/2024. 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 |
APO
- NYSE - REAL ESTATE - Property Management/Developmen
Apollo Global Management
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$116.07 |
+3.43
3.05%
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$116.55
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$115.03
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0.90% |
1,496,234
59.47%
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2,516,000
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Most Recent Note for APO - 3/21/2024 1:01:09 PM
Gapped up today hitting new 52-week and all-time highs with today's gain. Fundamental concerns remain as noted in prior mid-day reports - "Erratic sales and earnings history is not a match with the fact-based investment system's guidelines."
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A N
S L
I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,398.58 |
+122.58
9.61%
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$1,398.59
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$1,438.17
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-2.75% |
3,231,891
104.73%
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3,086,000
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Most Recent Note for AVGO - 3/21/2024 1:02:41 PM
Gapped up today rallying toward its all-time high. after finding upport near its 50 DMA line ($1,250). 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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A N
S L
I M
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AWI
- NYSE - Bldg-Constr Prds/Misc
Armstrong World Inds
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$124.29 |
+1.50
1.22%
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$124.67
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$124.65
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-0.29% |
220,639
61.29%
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360,000
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Most Recent Note for AWI - 3/21/2024 1:04:51 PM
Wedging into new all-time high territory after consolidating in a tight range for the past 4 weeks. Reported earnings +14% on +3% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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A N
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I M
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BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$11.76 |
+0.23
1.95%
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$11.78
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$11.56
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1.69% |
1,859,221
127.17%
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1,462,000
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Most Recent Note for BBVA - 3/21/2024 1:05:46 PM
Hitting yet another new 52-week high with today's gain backed by above average 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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A N
S L
I M
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$2,910.07 |
+15.07
0.52%
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$2,952.80
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$3,023.98
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-3.77% |
164,671
72.22%
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228,000
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Most Recent Note for CMG - 3/21/2024 1:08:32 PM
Gapped up hitting another new all-time high with a big volume-driven gain on the prior session. 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 2,358 top-rated funds as of Dec '23.
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A N
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I M
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$15.14 |
+0.15
0.99%
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$15.19
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$15.04
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0.65% |
2,471,187
74.19%
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3,331,000
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Most Recent Note for DB - 3/21/2024 1:10:45 PM
Hitting another new 52-week high today. Held its ground stubbornly after the noted 3/12/24 "breakaway gap" and 9 consecutive gains 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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I M
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EGY
- NYSE - ENERGY - Independent Oil & Gas
Vaalco Energy Inc
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$6.17 |
+0.04
0.65%
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$6.25
|
$6.17
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-0.00% |
612,931
70.21%
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873,000
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Most Recent Note for EGY - 3/21/2024 1:11:09 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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EPAC
- NYSE - Machinery-Tools & Rel
Enerpac Tool Group Corp
|
$34.65 |
-0.46
-1.32%
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$34.78
|
$35.43
|
-2.21% |
279,722
108.42%
|
258,000
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Most Recent Note for EPAC - 3/21/2024 1:13:30 PM
Gapped down today nearly testing its 50 DMA line then quickly rebounded near its 52-week high. Found support near prior highs in the $32 area in recent weeks. Reported Feb '24 quarterly earnings +3% on -2% sales revenues versus the year-ago period. Prior mid-day reports cautioned members - "Quarterly earnings growth has been strong but with subpar sales revenues growth. Annual earnings (A criteria) history has been erratic."
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A N
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I M
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MOD
- NYSE - Auto/Truck-Original Eqp
Modine Mfg Co
|
$103.24 |
+4.24
4.28%
|
$106.01
|
$99.19
|
4.08% |
748,969
71.26%
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1,051,000
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Most Recent Note for MOD - 3/21/2024 1:19:18 PM
Hitting new 52-week and all-time highs with today's 6th consecutive 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 +54% on +0% sales revenues versus the year ago period, its 3rd quarterly comparison well above the +25% minimum earnings guideline (C criteria) but with lackluster sales revenues growth. Annual earnings (A criteria) history has been strong following a downturn in FY '20.
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I M
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MUSA
- NYSE - WHOLESALE - Basic Materials Wholesale
Murphy USA Inc
|
$407.18 |
-6.91
-1.67%
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$414.50
|
$426.01
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-4.42% |
121,308
59.17%
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205,000
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Most Recent Note for MUSA - 3/21/2024 1:20:58 PM
Reported earnings +34% on -6% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly earninhgs and sales revenues comparisons were negative versus the year-ago periods and fundamental concerns remain.
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NBIX
- NASDAQ - DRUGS - Biotechnology
Neurocrine Biosciences
|
$146.29 |
+5.64
4.01%
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$148.37
|
$143.35
|
2.05% |
1,275,316
149.68%
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852,000
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Most Recent Note for NBIX - 3/21/2024 1:23:32 PM
Hitting new 52-week and all-time highs with today's volume-driven gain. Found support near prior highs in the $129 area after undercutting its 50 DMA line ($137) in recent weeks while consolidating. Reported Dec '23 quarterly earnings +24% on +25% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly and annual earnings growth has not been strong and steady since dropped from the Featured Stocks list on 8/07/20.
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NX
- NYSE - METALS & MINING - Steel & Iron
Quanex Building Products
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$38.29 |
+0.95
2.54%
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$38.40
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$37.75
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1.43% |
89,118
68.55%
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130,000
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Most Recent Note for NX - 3/21/2024 1:27:10 PM
Gain today has it rallying to another new 52-week high, adding to recently noted volume-driven gains. Last noted in the 3/20/24 mid-day report - "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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ORCL
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Oracle Corp
|
$131.79 |
+2.55
1.97%
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$132.77
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$130.69
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0.84% |
7,734,510
82.40%
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9,387,000
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Most Recent Note for ORCL - 3/21/2024 1:28:52 PM
Hitting new 52-week and all-time highs with today's 6th consecutive volume-driven gain. Gapped up on 3/12/24 after consolidating near its 50 DMA line. Bullish action came after it reported Feb '24 quarterly earnings +16% on +7% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain.
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UFPT
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
U F P Tech Inc
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$231.80 |
+5.84
2.58%
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$231.81
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$228.89
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1.27% |
39,490
65.82%
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60,000
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Most Recent Note for UFPT - 3/21/2024 1:31:43 PM
Rallying to new all-time highs with today's 5th consecutive volume-driven gain. Noted with caution in prior mid-day reports - "Reported earnings +33% on +11% sales revenues for the Dec '23 quarter versus the year ago period. Three of the 4 latest quarterly earnings increases were above the +25% minimum guideline (C criteria), however deceleration in its sales revenues growth rate is a concern. Annual earnings (A criteria) growth has been strong after a downturn in FY '20 like many firms during the pandemic."
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VRT
- NYSE - Electrical-Power/Equipmt
Vertiv Holdings Llc
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$83.56 |
+5.72
7.35%
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$84.75
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$79.66
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4.90% |
6,271,316
82.24%
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7,626,000
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Most Recent Note for VRT - 3/21/2024 1:34:34 PM
Very extended from any sound base and it gapped up today hitting another new all-time high. Prior mid-day reports noted - "Showed very strong quarterly earnings increases through Dec '23 versus the year-ago periods. Limited history is a concern. Annual earnings history has been up and down."
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WOR
- NYSE - METALS & MINING - Steel & Iron
Worthington Industries
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$69.25 |
+5.55
8.71%
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$69.96
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$67.23
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3.00% |
229,494
74.27%
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309,000
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Most Recent Note for WOR - 3/21/2024 1:36:23 PM
Rallying to a new all-time high with today's gain backed above-average volume. Reported earnings -1% on -9 sales revenues for the Feb '24 quarter versus the year ago period. Waning sales revenues remain a concern and its subpar quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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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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