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 MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 13TH, 2024
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DOW 38417.87 -294.34 (-0.76%) | NASDAQ 17585.64 -22.8 (-0.13%) | S&P 500 5407.01 -14.02 (-0.26%)
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Time of Screening :
6/13/2024 12:49:58 PM Report Released :
6/13/2024 1:16:11 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 75% 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 |
AAPL
- NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
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$211.78 |
-1.29
-0.60%
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$216.75
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$220.20
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-3.82% |
50,488,527
78.86%
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64,019,000
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Most Recent Note for AAPL - 6/13/2024 12:50:49 PM
Powered to new all-time highs with 2 consecutive big volume-driven gains. Quarterly comparisons through Mar '24 have been well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 7,128 in Mar '24. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ANET
- NYSE - Computer-Networking
Arista Networks, Inc
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$324.36 |
+13.03
4.19%
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$329.93
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$329.04
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-1.42% |
1,938,748
77.21%
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2,511,000
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Most Recent Note for ANET - 6/13/2024 12:53:25 PM
Gapped up today and hit a new 52-week high with a 5th consecutive gain backed by ever-increasing volume. It did not form a sound base yet faces no resistance due to overhead supply. It stayed well above its 200 DMA line and showed resilience since dropped from the Featured Stocks list on 4/17/24. Fundamentals remained strong through the Mar '24 quarter.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ARES
- NYSE - FINANCIAL SERVICES - Asset Management
Ares Management, L.P.
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$131.85 |
-5.64
-4.10%
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$134.13
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$150.12
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-12.17% |
2,125,059
172.77%
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1,230,000
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Most Recent Note for ARES - 6/13/2024 12:54:55 PM
Gapped down today slumping further below its 50 DMA line and undercutting the prior low. Reported Mar '24 quarterly earnings -33% on -13% sales revenues versus the year-ago period. Completed a new Public Offering 4/06/21. Up and down annual earnings (A criteria) history does not match 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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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,674.18 |
+178.67
11.95%
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$1,735.85
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$1,505.80
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11.18% |
5,953,240
237.28%
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2,509,000
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Most Recent Note for AVGO - 6/13/2024 1:00:54 PM
Gapped up today hitting another new all-time high with a big 5th consecutive gain backed by ever-increasing volume. Recently found support near its 50 DMA line ($1,350). Reported Apr '24 quarterly earnings +6% on +43% sales revenues versus the year ago period, its 6th 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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BMA
- NYSE - BANKING - Foreign Regional Banks
Banco Macro Sa Ads
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$60.73 |
+1.05
1.76%
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$65.40
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$68.24
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-11.01% |
614,817
139.41%
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441,000
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Most Recent Note for BMA - 6/13/2024 1:02:56 PM
Rebounding near its 52-week high with today's 2nd consecutive volume-driven gain after finding prompt support at its 50 DMA line ($57.40). Noted in prior mid-day reports 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$3,254.36 |
+83.60
2.64%
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$3,293.53
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$3,260.00
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-0.17% |
207,479
81.68%
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254,000
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Most Recent Note for CMG - 6/13/2024 1:06:16 PM
Found prompt support at its 50 DMA line ($3,089) and hitting a new all-time high with today's gain rising from a "late stage" base. Reported Mar '24 quarterly earnings +27% on +14% 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 2,477 top-rated funds as of Mar '24.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HTBI
- NASDAQ - BANKING - Regional - Southeast Banks
Hometrust Bancshares Inc
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$28.01 |
-0.69
-2.40%
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$28.34
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$30.99
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-9.62% |
49,591
154.97%
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32,000
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Most Recent Note for HTBI - 6/13/2024 1:06:51 PM
Consolidating -9.1% off its 52-week high. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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OLED
- NASDAQ - Elec-Misc Products
Universal Display Corp
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$204.19 |
+1.52
0.75%
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$207.43
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$205.99
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-0.88% |
317,990
111.97%
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284,000
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Most Recent Note for OLED - 6/13/2024 1:11:07 PM
Hitting new multi-year highs with today's 9th consecutive volume-driven gain, getting extended from any sound base. Reported earnings +43% on +27% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down, 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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ORCL
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Oracle Corp
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$140.15 |
-0.23
-0.16%
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$142.40
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$140.96
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-0.57% |
7,393,461
97.00%
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7,622,000
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Most Recent Note for ORCL - 6/13/2024 1:13:14 PM
Gapped up on the prior session hitting new all-time highs with a considerable volume-driven gain. Found support at its 200 DMA line during its consolidation after a noted gap up on 3/12/24. Reported May '24 quarterly earnings -2% on +3% 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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SEC |
News |
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A N
S L
I M
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TPL
- NYSE - Real Estate Dvlpmt/Ops
Texas Pacific Land Trust
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$755.73 |
-21.55
-2.77%
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$787.72
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$799.46
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-5.47% |
89,404
103.96%
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86,000
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Most Recent Note for TPL - 6/13/2024 1:14:56 PM
Pausing today after 3 consecutive volume-driven gains rallying well above prior highs. The 6/12/24 mid-day report cautioned members - <i>"Still faces some resistance due to overhead supply up to the $913 level. Reported Mar '24 quarterly earnings +33% on +19% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down."</i>
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SEC |
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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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$30.34 |
-0.81
-2.59%
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$30.82
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$32.13
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-5.59% |
1,974,107
87.78%
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2,249,000
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Most Recent Note for UBS - 6/13/2024 1:16:07 PM
Consolidating after challenging prior highs in the $31-32 area which acted as stubborn resistance in prior months. The 5/31/24 mid-day report noted - "Reported +63% earnings on +71% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons have been erratic, 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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