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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 31ST, 2023
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DOW 32776.33 -266.45 (-0.81%) | NASDAQ 12923.16 -94.27 (-0.72%) | S&P 500 4173.19 -32.33 (-0.77%)
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Time of Screening :
5/31/2023 12:36:55 PM Report Released :
5/31/2023 1:07:25 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 90% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$815.44 |
+12.10
1.51%
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$819.99
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$921.78
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-11.54% |
2,469,287
107.92%
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2,288,000
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Most Recent Note for AVGO - 5/31/2023 12:39:10 PM
Very extended from any sound base and there was a "negative reversal" on the prior session after hitting a new all-time high. Reported earnings +23% on +16% sales revenues for the Jan '23 quarter versus the year ago period. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CODA
- NASDAQ - Aerospace/Defense
Coda Octopus Group Inc
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$10.42 |
+0.08
0.77%
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$10.68
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$10.47
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-0.48% |
71,454
357.27%
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20,000
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Most Recent Note for CODA - 5/31/2023 12:40:03 PM
Perched at multi-year highs today following 5 consecutive volume-driven gains. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$219.01 |
+0.14
0.06%
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$222.22
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$222.14
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-1.41% |
5,125,445
94.90%
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5,401,000
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Most Recent Note for CRM - 5/31/2023 12:40:34 PM
Reported Jan '23 quarterly earnings +100% on +14% sales revenues versus the year ago period. Went through a deep consolidation from its all-time high since last noted with caution in the 12/01/21 mid-day report. Large supply of 1 billion shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 4,260 top-rated funds (I criteria). Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history remains a concern.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DCI
- NYSE - MANUFACTURING - Pollution & Treatment Controls
Donaldson Co
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$58.31 |
-5.78
-9.02%
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$63.89
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$66.96
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-12.92% |
370,908
90.47%
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410,000
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Most Recent Note for DCI - 5/31/2023 12:43:15 PM
Violated its 200 DMA lien with today's big loss. Reported earnings +32% on +3% sales revenues for the quarter ended January 31, 2023 versus the year ago period. Prior quarterly earnings and sales revenues increases were subpar, not a match with the fact-based investment system's fundamental guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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EXTR
- NASDAQ - INTERNET - Internet Software & Services
Extreme Networks Inc
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$20.38 |
+0.69
3.48%
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$20.88
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$21.03
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-3.11% |
1,703,700
118.15%
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1,442,000
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Most Recent Note for EXTR - 5/31/2023 12:47:18 PM
Challenging its 52-week high with today's 3rd consecutive volume-driven gain. Found support near its 200 DMA line during its consolidation in recent months. Quarterly comparisons in Dec '22 and Mar '23 showed improved sales revenues and earnings increases with encouraging acceleration. Prior quarterly and annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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GPI
- NYSE - SPECIALTY RETAIL - Auto Dealerships
Group I Automotive Inc
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$224.95 |
-5.31
-2.31%
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$228.44
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$242.68
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-7.31% |
148,976
108.74%
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137,000
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Most Recent Note for GPI - 5/31/2023 12:49:23 PM
Recently consolidating above its 50 DMA line and it is perched -7.4% off its 52-week high. Reported Mar '23 quarterly earnings +1% on +7% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria) versus the year-ago periods. Its annual earnings (A criteria) growth history has been very good.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
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$107.51 |
-1.81
-1.66%
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$110.23
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$112.57
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-4.49% |
102,703
94.22%
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109,000
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Most Recent Note for NVMI - 5/31/2023 12:52:43 PM
This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report. Reported Mar '23 quarterly earnings -5% on -1% sales revenues versus the year-ago period, its 3rdd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a downturn in FY '19.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NVS
- NYSE - DRUGS - Drug Manufacturers - Major
Novartis Ag Adr
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$95.43 |
-1.12
-1.16%
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$96.49
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$105.56
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-9.60% |
2,087,431
97.59%
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2,139,000
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Most Recent Note for NVS - 5/31/2023 12:53:55 PM
Pulling back from its all-time high and slumping below its 50 DMA line with this week's losses. Fundamental concerns remain for this Swiss Drug company.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ORLY
- NASDAQ - RETAIL - Auto Parts Stores
O Reilly Automotive Inc
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$897.56 |
-30.53
-3.29%
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$901.99
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$964.58
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-6.95% |
551,098
145.03%
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380,000
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Most Recent Note for ORLY - 5/31/2023 12:56:01 PM
Gapped down below its 50 DMA line ($898) then rebounded above it from the early low. Reported earnings +15% on +12% sales revenues for the Mar '23 quarter versus the year ago period, its 5th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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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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$219.84 |
-14.26
-6.09%
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$227.56
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$242.99
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-9.53% |
2,348,144
113.00%
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2,078,000
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Most Recent Note for SMCI - 5/31/2023 12:59:44 PM
Pulling back today after hitting new all-time highs with considerable volume-driven gains. Found support near prior highs after recently slumping below its 50 DMA line ($128) during its consolidation. Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TSM
- NYSE - ELECTRONICS - Semiconductor - Integrated Cir
Taiwan Semiconductor Adr
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$98.90 |
-3.09
-3.03%
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$99.98
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$105.24
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-6.03% |
11,120,915
98.59%
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11,280,000
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Most Recent Note for TSM - 5/31/2023 1:02:35 PM
Went through a deep consolidation since last noted in the 1/18/22 mid-day report near its all-time high. Reported Mar '23 quarterly earnings -4% on -3% sales revenues versus the year ago period, breaking a streak of quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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SEC |
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A N
S L
I M
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VIPS
- NYSE - Retail-Internet
Vipshop Holdings Ltd Ads
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$14.07 |
-0.71
-4.80%
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$14.76
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$16.35
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-13.94% |
6,006,738
116.70%
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5,147,000
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Most Recent Note for VIPS - 5/31/2023 1:05:34 PM
Slumping below its 50 DMA line ($15.05) with today's volume-driven loss. Reported earnings +55% on +1% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons showed strong earnings increases above the +25% minimum guideline (C criteria) but with waning and subpar sales revenues growth remaining a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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A N
S L
I M
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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.
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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
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