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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 24TH, 2017
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DOW 20686.25 29.67 (0.14%) | NASDAQ 5856.31 38.62 (0.66%) | S&P 500 2353.52 7.56 (0.32%)
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Time of Screening :
3/24/2017 12:00:10 PM Report Released :
3/24/2017 12:26:35 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 |
BERY
- NYSE
Berry Plastics Group Inc
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$48.32
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-0.04 -0.08%
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$48.80
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124,219 104.21% of 50 DAV
50 DAV is 119,200
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$52.97 -8.78%
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11/30/2016 |
$50.26
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PP = $46.47 MB = $48.79 |
Most Recent Note - 3/24/2017 12:05:19 PM
G - Recently sputtering below its 50 DMA line ($50.29) and testing prior lows in the $48.50 area. More damaging losses would trigger a worrisome technical sell signal. Relative Strength Rating is 72, below the 80+ minimum for buy candidates under the fact-based investment system. Reported earnings +43% on -7% sales revenues for the Dec '16 quarter.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/20/2017. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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PLAY
- NASDAQ
Dave & Buster's Ent Inc
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$61.06
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+1.07
1.78%
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$61.58
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349,504 58.54% of 50 DAV
50 DAV is 597,000
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$61.20 -0.23%
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2/23/2017 |
$55.41
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PP = $58.35 MB = $61.27 |
Most Recent Note - 3/24/2017 12:19:53 PM
Y - Hitting a new all-time high today and rallying near its "max buy" level, Held its ground above prior highs in the $58 area and its 50 DMA line recently acted as a support level. Subsequent losses leading to a violation of the 50 DMA line would raise concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/23/2017. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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VEEV
- NYSE
Veeva Systems Inc Cl A
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$49.71
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-0.10 -0.19%
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$50.75
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894,756 84.89% of 50 DAV
50 DAV is 1,054,000
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$50.75 -2.06%
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3/16/2017 |
$49.00
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PP = $48.05 MB = $50.45 |
Most Recent Note - 3/24/2017 12:26:02 PM
Y - After a spurt of volume-driven gains it is holding its ground perched near all-time highs. Prior highs in the $47-48 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2017. Click here.
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SEC |
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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 |
AAOI
- NASDAQ - Telecom-Fiber Optics
Applied Optoelectronics
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$55.14 |
+3.63
7.05%
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$55.56
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$56.14
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-1.78% |
1,115,198 98.00%
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1,138,000
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Most Recent Note for AAOI - 3/24/2017 12:02:24 PM
Challenging all-time highs with today's gain, very extended from any sound base. Prior mid-day reports cautioned - "Reported strong Dec '16 quarter earnings and sales revenues increases, but prior earnings were below the +25% minimum guideline (C criteria)."
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SEC |
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A N
S L
I M
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BRKS
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Azenta, Inc.
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$21.43 |
+0.44
2.10%
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$21.48
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$22.18
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-3.38% |
311,777 58.06%
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537,000
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Most Recent Note for BRKS - 3/24/2017 12:06:36 PM
Perched near multi-year highs, but the 3/23/17 mid-day report cautioned - "Prior quarterly and annual earnings history (C and A criteria) are not a good match with the fact-based investment system's fundamental guidelines."
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SEC |
News |
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A N
S L
I M
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FBNK
- NASDAQ - Banks-Northeast
First Conn Bancorp Inc
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$24.00 |
+0.30
1.27%
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$24.20
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$25.00
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-4.00% |
16,696 61.84%
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27,000
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Most Recent Note for FBNK - 3/24/2017 12:08:58 PM
Found support near its 50 DMA line while consolidating. Reported earnings +50% on +5% sales revenues for the Dec '16 quarter, but prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '13 earnings.
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ITRN
- NASDAQ - WHOLESALE - Electronics Wholesale
Ituran Location & Contrl
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$29.50 |
+0.20
0.68%
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$29.50
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$29.75
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-0.84% |
18,974 61.21%
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31,000
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Most Recent Note for ITRN - 3/24/2017 12:09:27 PM
Still making very little headway above previously noted resistance in the $29 area after finding support near its 50 DMA line. Prior mid-day reports cautioned members - "Reported earnings +52% on +15% sales revenues for the Dec '16 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Prior quarterly and annual earnings (A criteria) history is 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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JBSS
- NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
Sanfilippo John B & Son
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$68.28 |
-0.34 -0.50%
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$68.86
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$72.84
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-6.26% |
54,230 66.13%
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82,000
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Most Recent Note for JBSS - 3/24/2017 12:10:44 PM
Quarterly earnings comparisons through Dec '16 were not strong and steady above the +25% minimum guideline (C criteria). It will be dropped from the Featured Stocks list tonight.
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MBLY
- NYSE - Elec-Semicondctor Fablss
Mobileye Global Inc
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$60.74 |
+0.03
0.05%
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$60.80
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$61.51
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-1.25% |
4,204,999 64.79%
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6,490,000
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Most Recent Note for MBLY - 3/24/2017 12:11:08 PM
Holding its ground since a big gap up 3/13/17 on M&A news. Noted in the 2/24/17 mid-day report - "Approaching its Aug '16 high ($51) and there is some very old overhead supply up through the $64 level. Reported earnings +47% on +46% sales revenues for the Dec '16 quarter, and prior quarterly earnings increases were above the +25% minimum guideline (C criteria) with very strong sales revenues increases."
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MMSI
- NASDAQ - HEALTH SERVICES - Medical Instruments & Supplies
Merit Medical Systems
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$28.50 |
+0.25
0.88%
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$28.95
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$31.70
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-10.09% |
252,903 67.44%
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375,000
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Most Recent Note for MMSI - 3/24/2017 12:14:59 PM
Found support at its 50 DMA line after volume-driven losses since it proposed a new Public Offering on 3/20/17 perched at an all-time high. Reported earnings +29% on +14% sales revenues for the Dec '16 quarter, its 2nd strong quarter above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain, as when noted with caution in the 10/08/15 mid-day report - "Prior history is not a good match for the investment system's winning models."
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PFBC
- NASDAQ - BANKING - Regional - Pacific Banks
Preferred Bank Los Angls
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$50.57 |
+0.18
0.36%
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$50.81
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$58.12
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-12.99% |
55,383 66.73%
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83,000
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Most Recent Note for PFBC - 3/24/2017 12:17:28 PM
Retreated from multi-year highs and slumped well below its 50 DMA line with big volume-driven losses this week. Reported earnings +37% on +34% sales revenues for the Dec '16 quarter but fundamental concerns remain. Prior earnings history has been erratic and below the guidelines of the fact-based system.
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RACE
- NYSE - Auto Manufacturers
Ferrari NV
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$71.38 |
+0.66
0.93%
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$72.22
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$71.08
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0.42% |
254,980 59.57%
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428,000
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Most Recent Note for RACE - 3/24/2017 12:20:33 PM
Hitting yet another new all-time high today. Noted in recent mid-day reports rallying with no resistance remaining due to overhead supply. Fundamental concerns remain. Reported earnings +135% on +9% sales revenues for the Dec '16 quarter. Prior sales revenues and earnings growth history is not a match with the fact-based investment system's guidelines.
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SINA
- NASDAQ - INTERNET - Internet Software & Services
Sina Corporation
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$73.82 |
+2.32
3.24%
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$74.18
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$85.24
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-13.40% |
548,145 76.56%
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716,000
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Most Recent Note for SINA - 3/24/2017 12:24:36 PM
Recently finding support near its 50 DMA line, and it found prompt support at its 200 DMA line in prior months. Earnings increases in recent quarters through Dec '16 were above the +25% minimum guideline (C criteria) and sales revenues increases have shown encouraging acceleration. Fundamental concerns remain as when last noted with caution in the 4/20/11 mid-day report - "Its annual earnings history (A criteria) has been up and down and below guidelines."
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TRCB
- NASDAQ - Banks-Northeast
Two River Bancorp
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$17.75 |
+0.37
2.13%
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$17.95
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$18.20
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-2.47% |
22,674 90.70%
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25,000
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Most Recent Note for TRCB - 3/24/2017 12:24:56 PM
Thinly-traded Bank holding company has stubbornly held its ground and is perched at its all-time high following a streak of volume-driven gains. Prior mid-day reports repeatedly noted - "Reported earnings +53% on +12% sales revenues for the Dec '16 quarter. Prior quarterly comparisons showed earnings not strong and steady above the +25% minimum guideline (C criteria) and with sub par sales revenues growth."
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YIN
- NASDAQ - Financial Svcs-Specialty
Yintech Investment Holdings Inc
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$19.60 |
-0.55 -2.73%
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$19.97
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$22.97
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-14.67% |
72,616 74.10%
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98,000
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Most Recent Note for YIN - 3/24/2017 12:26:33 PM
Volume-driven losses this week erased a lot of the previous volume-driven gains after spiking to new highs above prior resistance in the $20 area. Prior mid-day reports cautioned members - "Showed very strong sales and earnings increases in the Mar, Jun, Sep, and Dec '16 quarters, but limited annual earnings (A criteria) history is a concern. Rallied back after a rough start following its $13.50 IPO on 4/27/16."
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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.
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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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likewise used for identification purposes only.
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