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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 22ND, 2023
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DOW 32529.22 -31.38 (-0.10%) | NASDAQ 11886.99 26.88 (0.23%) | S&P 500 4002.84 -0.03 (0.00%)
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Time of Screening :
3/22/2023 12:05:39 PM Report Released :
3/22/2023 12:26:25 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 |
|
Max Buy |
ANET
- NYSE
Arista Networks, Inc
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$168.19
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+0.11
0.06%
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$169.07
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1,297,564
51.74% of 50 DAV
50 DAV is 2,508,000
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$169.17
-0.58%
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3/8/2023 |
$147.59
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PP = $148.67
MB = $156.10 |
Most Recent Note - 3/22/2023 12:08:45 PM
G - Perched at its all-time high today, very extended from any sound base after an impressive spurt of volume-driven gains. Prior highs in the $148-145 area define initial support to watch above its 50 DMA line ($136). Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2023. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PERI
- NASDAQ
Perion Networks Ltd
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$36.77
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+0.38
1.04%
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$37.96
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476,891
62.83% of 50 DAV
50 DAV is 759,000
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$37.18
-1.11%
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1/25/2023 |
$31.79
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PP = $33.19
MB = $34.85 |
Most Recent Note - 3/22/2023 12:21:56 PM
G - Hit a new all-time high with today's early gain. Found support when recently consolidating above its 50 DMA line ($33.12) and the prior high ($33) which define important near-term support.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2023. 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 |
BEKE
- NYSE - Real Estate Dvlpmt/Ops
Ke Holdings Inc Ads Cl A
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$18.00 |
-0.82
-4.36%
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$18.90
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$21.08
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-14.61% |
3,905,305
45.08%
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8,663,000
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Most Recent Note for BEKE - 3/22/2023 12:09:37 PM
Prior mid-day reports cautioned members - <i>"Reported strong Sep and Dec '22 quarterly earnings results but waning sales revenues leave fundamental concerns. Overhead supply remains to act as resistance up to the $79 level. This China-based firm completed its $20 IPO on 8/13/20 and an additional Public Offering on 11/19/20."</i>
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CLMB
- NASDAQ - Wholesale-Electronics
Climb Global Solutions
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$51.02 |
+1.33
2.68%
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$51.35
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$51.25
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-0.45% |
7,769
51.79%
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15,000
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Most Recent Note for CLMB - 3/22/2023 12:15:24 PM
Hit another new all-time high today. Held its ground after a recent spurt of volume-driven gains. Reported Dec '22 quarterly earnings +36% on +18% sales revenues versus the year-ago period. Fundamental concerns remain after lower earnings versus the year ago for the Sep '22 quarter and lower sales revenues versus the year ago for the Jun '22 quarter.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CMCL
- AMEX - Mining-Gold/Silver/Gems
Caledonia Mining Corp
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$15.65 |
+0.15
0.97%
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$15.65
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$18.23
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-14.15% |
34,057
52.40%
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65,000
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Most Recent Note for CMCL - 3/22/2023 12:16:25 PM
Spiked higher on 3/17/23 but prior mid-day reports noted - "Still faces some overhead supply which may act as resistance up to the $18 level. Quarterly earnings comparisons through Sep '22 have not been strong and steady above the +25% minimum (C criteria)."
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SEC |
News |
Chart | C
A N
S L
I M
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EPAC
- NYSE - Machinery-Tools & Rel
Enerpac Tool Group Corp
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$25.00 |
-2.69
-9.71%
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$28.14
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$28.57
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-12.50% |
670,796
207.68%
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323,000
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Most Recent Note for EPAC - 3/22/2023 12:17:25 PM
Encountering distributional pressure after recently challenging its 2021 high. 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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SEC |
News |
Chart | C
A N
S L
I M
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HCCI
- NASDAQ - Pollution Control
Heritage-Crystal Clean
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$35.70 |
+0.23
0.65%
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$36.31
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$38.85
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-8.11% |
80,163
66.80%
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120,000
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Most Recent Note for HCCI - 3/22/2023 12:19:04 PM
Undercut its 50 DMA line and slumped below prior highs in the $36 area with volume-driven losses. Weak action came after it reported Dec '22 quarterly earnings +0% on +42% sales revenues versus the year-ago period. Prior quarterly comparisons were stronger. Annual earnings (A criteria) history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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MNSO
- NYSE - RETAIL - Discount, Variety Stores
Miniso Group Hldg Cl A
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$17.28 |
-0.38
-2.12%
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$17.82
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$19.49
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-11.36% |
982,444
54.34%
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1,808,000
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Most Recent Note for MNSO - 3/22/2023 12:20:31 PM
Consolidating after noted volume-driven gains. Prior mid-day reports cautioned members - "Still faces resistance due to overhead supply up to the $35 level. Reported Dec '22 quarterly earnings +55% on -17% sales revenues versus the year-ago period. Quarterly and annual earnings history has not been strong and steady while sales revenues have been waning."
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SEC |
News |
Chart | C
A N
S L
I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$112.45 |
+4.20
3.88%
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$113.07
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$108.35
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3.78% |
907,150
58.75%
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1,544,000
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Most Recent Note for SMCI - 3/22/2023 12:23:25 PM
Hitting yet another new 52-week high with today's 3rd consecutive volume-driven gain. Last noted in the 2/27/23 mid-day report - "Rallying from a 3-month base. Reported Dec '22 quarterly earnings +270% on +54% sales revenues versus the year-ago period, its 5th strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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SEC |
News |
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A N
S L
I M
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TT
- NYSE - Machinery-Gen Industrial
Trane Technologies Plc
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$184.37 |
+1.33
0.73%
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$184.72
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$196.22
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-6.04% |
749,251
52.25%
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1,434,000
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Most Recent Note for TT - 3/22/2023 12:25:15 PM
Quietly rebounded above its 50 DMA line ($182) after a spurt of damaging volume-driven losses. The 3/16/23 mid-day report last noted - "Faces resistance due to overhead supply up to the $207 level. Reported improved earnings increases in the Sep and Dec '22 quarters versus the year-ago periods but fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria)."
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SEC |
News |
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A N
S L
I M
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UBS
- NYSE - BANKING - Money Center Banks
U B S Ag
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$20.42 |
-0.63
-2.99%
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$20.65
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$22.30
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-8.43% |
7,163,665
183.87%
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3,896,000
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Most Recent Note for UBS - 3/22/2023 12:26:17 PM
Rebounded near its 50 DMA line ($21.13) which acted as resistance after an abrupt pullback. Prior mid-day reports repeatedly cautioned members - "Reported Dec '22 quarterly earnings +32% on +15% sales revenues versus the year-ago period. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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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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