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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 5TH, 2024
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DOW 38780.53 69.24 (0.18%) | NASDAQ 17076.08 219.03 (1.30%) | S&P 500 5328.08 36.74 (0.69%)
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Time of Screening :
6/5/2024 12:11:58 PM Report Released :
6/5/2024 12:45:16 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 |
CRWD
-
Crowd Strike
|
$329.21
|
+23.63
7.73%
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$337.49
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9,171,003
347.65% of 50 DAV
50 DAV is 2,638,000
|
$365.00
-9.81%
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5/28/2024 |
$351.47
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PP = $365.10
MB = $383.36 |
Most Recent Note - 6/5/2024 12:23:40 PM
Y - Gapped up today rebounding above its 50 DMA line ($317) helping its technical stance and outlook improve and its color code is changed to yellow. Bullish action came after it reported Apr '24 quarterly earnings +63% on +33% sales revenues versus the year-ago period, continuing its strong earnings track record. Recent lows define important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2024. Click here.
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A N
S L
I M
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PDD
- NASDAQ
Pinduoduo Inc Cl A
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$142.78
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-3.11
-2.13%
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$145.28
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6,425,036
68.47% of 50 DAV
50 DAV is 9,384,000
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$164.69
-13.31%
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5/24/2024 |
$161.85
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PP = $153.09
MB = $160.74 |
Most Recent Note - 6/5/2024 12:33:07 PM
Y - Slumping further below prior highs with today's 4th consecutive loss raising concerns as it negated the breakout after rallying to new 52-week highs with 3 consecutive volume-driven gains clearing a 20-week base. Disciplined investors avoid big losses by selling any stock that falls more than 7-8% below their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2024. Click here.
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SEC |
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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 |
ASML
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
A S M L Holding N.V. NY
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$1,026.94 |
+76.13
8.01%
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$1,027.06
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$1,056.34
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-2.78% |
1,446,838
145.70%
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993,000
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Most Recent Note for ASML - 6/5/2024 12:14:32 PM
Gapped up today for a volume-driven gain nearly challenging its 52-week and all-time highs. Rebounded from below its 50 DMA line since last noted in the 4/17/24 mid-day report with caution - "Reported Mar '24 quarterly earnings -37% on -22% sales revenues versus the year ago period. Prior quarterly earnings increases were noted as below the +25% minimum earnings guideline (C criteria). Went through a long choppy consolidation since dropped from the Featured Stocks list on 10/01/21."
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A N
S L
I M
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$60.20 |
-0.84
-1.37%
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$61.16
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$68.24
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-11.79% |
254,235
57.65%
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441,000
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Most Recent Note for BMA - 6/5/2024 12:18:22 PM
Retreating from its 52-week high with today's 3rd consecutive loss. Found support above its 50 DMA line ($56.30) after noted in the 5/23/24 mid-day report with caution - "Reported earnings +77% on -87% sales revenues for the Mar '24 quarter versus the year-ago period and fundamental concerns remain. Argentine bank has shown strong annual earnings (A criteria) growth after a slight downturn in FY '20 and '21."
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SEC |
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A N
S L
I M
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CMRE
- NYSE - Transportation-Ship
Costamare Inc
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$15.93 |
+0.32
2.02%
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$16.00
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$16.46
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-3.25% |
323,741
63.48%
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510,000
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Most Recent Note for CMRE - 6/5/2024 12:20:28 PM
Greek shipping firm is perched near its 52-week high after an impressive streak of volume-driven gains. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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A N
S L
I M
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CSWC
- NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity
Capital Southwest Corp
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$25.88 |
+0.01
0.04%
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$26.00
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$27.22
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-4.92% |
202,875
73.24%
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277,000
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Most Recent Note for CSWC - 6/5/2024 12:24:42 PM
Finding support above its 50 DMA line ($25.58) with today's 6th consecutive gain marked by volume. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +9% on +25% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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A N
S L
I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$51.80 |
+2.78
5.66%
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$52.08
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$50.24
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3.10% |
200,024
130.73%
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153,000
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Most Recent Note for NMM - 6/5/2024 12:27:16 PM
Powering to another new 52-week high with today's volume-driven gain. Stubbornly held its ground in recent weeks. Found support near prior highs after noted with caution in the 5/14/24 mid-day report - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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A N
S L
I M
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
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$213.25 |
+5.66
2.73%
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$213.88
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$219.74
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-2.95% |
144,270
83.88%
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172,000
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Most Recent Note for NVMI - 6/5/2024 12:28:40 PM
Perched near its all-time high after a recent spurt of gains. Reported improved Mar '24 quarterly earnings +13% on +7% sales revenues versus the year-ago period, but still its 7th quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down. This Semiconductor Equipment firm headquartered in Israel went through a deep consolidation since noted with caution in the 12/31/21 mid-day report.
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ODC
- NYSE - CHEMICALS - Specialty Chemicals
Oil Dri Corp America
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$83.73 |
+0.16
0.19%
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$84.68
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$87.32
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-4.11% |
11,704
65.02%
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18,000
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Most Recent Note for ODC - 6/5/2024 12:30:10 PM
Hovering near its all-time high following volume-driven gains. Due to report Apr '24 quarterly results on 6/06/24. Volume and volatility often increase near earnings news. Through Jan '24 its quarterly earnings increases have been strong and steady above the +25% minimum guideline (C criteria). Not a match with the fact-based investment system's fundamental guidelines due to its up and down annual earnings (A criteria) history.
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A N
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I M
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QCOM
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Qualcomm Inc
|
$211.06 |
+6.69
3.27%
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$211.90
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$217.43
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-2.93% |
4,955,548
57.86%
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8,565,000
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Most Recent Note for QCOM - 6/5/2024 12:34:31 PM
Hovering near its 52-week high with today's gain after encountering some distributional pressure last week. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +13% on +1% sales revenues versus the year ago period. Prior quarterly earnings increases were below the fact-based investment system's +25% earnings guideline. Annual earnings (A criteria) history has been up and down."
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A N
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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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$19.62 |
+0.47
2.45%
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$19.96
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$21.57
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-9.04% |
631,378
59.01%
|
1,070,000
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Most Recent Note for QFIN - 6/5/2024 12:35:36 PM
Finding support today after it pulled back near its 50 DMA line ($19.44). Noted with caution in prior mid-day reports - "Faces resistance due to overhead supply up to the $25 level. Reported Mar '24 quarterly earnings +22% on +10% sales revenues versus the year ago period and prior quarterly comparisons were subpar."
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RACE
- NYSE - Auto Manufacturers
Ferrari NV
|
$417.95 |
+7.21
1.76%
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$422.45
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$442.80
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-5.61% |
150,138
62.30%
|
241,000
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Most Recent Note for RACE - 6/5/2024 12:36:59 PM
Gapped up today rebounding above its 50 DMA line ($417) with a volume-driven gain. Last noted with caution in the 5/08/24 mid-day report - "Reported Mar '24 quarterly earnings +20% on +10% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20."
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TMUS
- NYSE - Telecom Svcs-Wireless
T-Mobile U.S. Inc
|
$180.93 |
+3.02
1.70%
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$181.05
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$178.85
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1.16% |
2,731,693
60.68%
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4,502,000
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Most Recent Note for TMUS - 6/5/2024 12:44:10 PM
Rallying to new all-time highs with an impressive spurt of volume-driven gains. Reported Mar '24 quarterly earnings +16% on +0% sales revenues versus the year-ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria). Subpar sales revenues growth has been a noted concern. Annual earnings (A criteria) growth has been stronger in FY '22 and '23. Completed a new Public Offering on 6/25/20.
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TTD
- NASDAQ - Comml Svcs-Advertising
The Trade Desk Inc Cl A
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$96.81 |
+2.33
2.47%
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$97.10
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$97.65
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-0.86% |
2,046,638
59.93%
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3,415,000
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Most Recent Note for TTD - 6/5/2024 12:45:11 PM
Perched near its 52-week high with today's 3rd consecutive gain lacking great volume conviction. Prior mid-day reports cautioned members - "Fundamental concerns remain. Reported Mar '24 quarterly earnings +13% on +28% sales revenues versus the year-ago period. Two of the 4 latest quarterly comparisons showed earnings increases above the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22."
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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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likewise used for identification purposes only.
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