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 MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 20TH, 2024
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DOW 38909.03 74.17 (0.19%) | NASDAQ 17867.55 5.32 (0.03%) | S&P 500 5491.96 4.93 (0.09%)
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Time of Screening :
6/20/2024 11:51:02 AM Report Released :
6/20/2024 12:17:06 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 |
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Max Buy |
GVA
- NYSE
Granite Construction Inc
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$61.23
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-1.63
-2.59%
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$65.08
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337,788
77.65% of 50 DAV
50 DAV is 435,000
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$64.33
-4.83%
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6/11/2024 |
$59.76
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PP = $64.33
MB = $67.55 |
Most Recent Note - 6/20/2024 12:00:46 PM
Y - Reversed into the red quickly today after a gap up gain hitting a new 52-week high. Color code was changed to yellow when highlighted on the 6/11/24 mid-day report as it was noted that a valid secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. Reported improved earnings in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2024. Click here.
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SEC |
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A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
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$366.71
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+0.24
0.07%
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$373.15
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16,598
66.39% of 50 DAV
50 DAV is 25,000
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$378.78
-3.19%
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6/18/2024 |
$356.30
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PP = $378.88
MB = $397.82 |
Most Recent Note - 6/20/2024 12:16:56 PM
Y - Reversed into the red today following 3 consecutive gains marked by increasing volume. Color code was changed to yellow with new pivot point cited based on its 5/15/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new technical buy signal. Recently found prompt support near its 50 DMA line ($334.68). Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2024. Click here.
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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 |
AMKR
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Amkor Technology Inc
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$39.84 |
-0.25
-0.62%
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$40.53
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$40.58
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-1.82% |
663,980
64.40%
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1,031,000
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Most Recent Note for AMKR - 6/20/2024 11:52:03 AM
Found support above its 50 DMA line and rallied to a new 52-week high a big volume-diven gain when noted in the prior mid-day report - "Reported Mar '24 quarterly earnings +33% on -7% sales revenues versus the year ago period. Prior 5 quarterly comparisons were down from the year ago periods. Annual earnings (A criteria) history has been up and down."
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A N
S L
I M
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AVAV
- NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Aerovironment Inc
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$214.04 |
-5.27
-2.40%
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$224.00
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$220.22
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-2.81% |
174,825
57.51%
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304,000
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Most Recent Note for AVAV - 6/20/2024 11:53:51 AM
Reversed into the red today after hitting a new all-time high, extended from any sound base. Reported Jan '24 quarterly earnings +91% on +39% sales revenues versus the year-ago period, its 4th strong quarter. Fundamental concerns remain as its annual earnings (A criteria) growth has not been strong and steady.
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A N
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I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,767.73 |
-34.79
-1.93%
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$1,804.75
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$1,851.62
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-4.53% |
2,412,105
80.65%
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2,991,000
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Most Recent Note for AVGO - 6/20/2024 11:55:03 AM
Perched at its all-time high following anoted streak of gains backed by above-average volume. Recently found support near its 50 DMA line ($1,386). 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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A N
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I M
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BRBR
- NYSE - Cosmetics/Personal Care
Bellring Brands Inc Cl A
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$57.82 |
+2.13
3.82%
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$58.56
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$62.76
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-7.87% |
632,159
57.78%
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1,094,000
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Most Recent Note for BRBR - 6/20/2024 11:56:33 AM
Rebounding above its 50 DMA line ($57.21) with today's gain but it faces near-term resistance due to overhead supply up to the $62 level. Reported earnings +88% on +28% sales revenues for the Mar '24 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria).
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A N
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I M
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$3,257.38 |
-170.23
-4.97%
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$3,445.58
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$3,463.07
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-5.94% |
244,008
89.05%
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274,000
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Most Recent Note for CMG - 6/20/2024 11:58:15 AM
Abruptly retreating with today's big volume-driven loss following a streak of 6 consecutive gains marked by volume while repeatedly noted - <i>"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 2,479 top-rated funds as of Mar '24."</i>
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COKE
- NASDAQ - FOOD & BEVERAGE - Beverages - Soft Drinks
Coca Cola Btlg Consol
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$979.59 |
-44.34
-4.33%
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$1,035.00
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$1,048.00
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-6.53% |
32,169
59.57%
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54,000
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Most Recent Note for COKE - 6/20/2024 11:59:33 AM
Retreating from its all-time high with today's big loss. Last noted with caution in the 5/28/24 mid-day report - <i>"Reported Mar '24 quarterly earnings +7% on +1% sales revenues versus the year ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 10/03/23."</i>
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IMMR
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Immersion Corporation
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$10.20 |
-0.47
-4.41%
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$10.73
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$11.04
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-7.61% |
366,815
71.64%
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512,000
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Most Recent Note for IMMR - 6/20/2024 12:01:52 PM
Retreating from its 52-week high with today's volume-driven loss following a "negative reversal" on the prior session. Reported Mar '24 quarterly earnings +117% on +520% sales revenues versus the year-ago period. Prior quarterly earnings history has been erratic with minuscule sales revenues. Annual earnings growht has been strong.
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KBH
- NYSE - MATERIALS & CONSTRUCTION - Heavy Construction
K B Home
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$70.55 |
+2.51
3.69%
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$71.85
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$74.66
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-5.50% |
1,562,531
131.08%
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1,192,000
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Most Recent Note for KBH - 6/20/2024 12:02:59 PM
Consolidating above its 50 DMA line ($67.93) which has acted as support after recently hitting new all-time highs. Reported earnings +11% on -3% sales revenues for the May '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23.
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MLR
- NYSE - AUTOMOTIVE - Auto Parts
Miller Industries Inc
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$57.91 |
+0.91
1.60%
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$58.17
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$61.87
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-6.40% |
46,865
74.39%
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63,000
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Most Recent Note for MLR - 6/20/2024 12:05:30 PM
Perched within striking distance of its 52-week high and enduring some distributional pressure while recently consolidating above support at its 50 DMA line ($55.28). Reported Mar '24 quarterly earnings +81% on +24% sales revenues versus the year-ago period, its 7th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a great match with the fundamental guidelines of the fact-based investment system. Went through a significant consolidation after dropped from the Featured Stocks list on 1/16/20.
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NVMI
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Nova Ltd
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$233.00 |
-8.11
-3.36%
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$237.97
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$242.93
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-4.09% |
162,825
88.49%
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184,000
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Most Recent Note for NVMI - 6/20/2024 12:06:10 PM
Pulling back from its all-time high with today's loss after 5 consecutive 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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QCOM
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Qualcomm Inc
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$217.34 |
-9.75
-4.29%
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$225.90
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$230.63
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-5.76% |
6,512,195
70.07%
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9,294,000
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Most Recent Note for QCOM - 6/20/2024 12:09:17 PM
Pulling back from it 52-week high with today's loss following 2 consecutive volume-driven gains. Stubbornly held its ground in recent weeks. Prior mid-day reports cautioned members - "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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SBLK
- NASDAQ - TRANSPORTATION - Shipping
Star Bulk Carriers Corp
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$24.68 |
+0.95
3.98%
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$24.72
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$27.47
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-10.17% |
1,805,410
110.49%
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1,634,000
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Most Recent Note for SBLK - 6/20/2024 12:11:09 PM
Rebounding toward its 50 DMA line with today's volume-driven gain. Slumped below the 50 DMA line with damaging volume-driven losses since noted with caution in the 5/24/24 mid-day report - "Found support near its 50 DMA line in recent months. Reported Mar '24 quarterly earnings +142% on +16% sales revenues versus the year ago period. Prior quarterly comparisons and annual earnings history (C and A criteria) has been erratic, leaving fundamental concerns."
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TSM
- NYSE - ELECTRONICS - Semiconductor - Integrated Cir
Taiwan Semiconductor Adr
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$178.36 |
-1.34
-0.74%
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$183.17
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$184.86
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-3.52% |
11,004,914
75.70%
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14,538,000
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Most Recent Note for TSM - 6/20/2024 12:12:40 PM
Pulling back today after hitting new all-time highs with recent volume-driven gains. Priro mid-day reports noted - <i>"stubbornly holding its ground in recent weeks and making steady progress above prior highs in the $158-160 area. Reported Mar '24 quarterly earnings +4% on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23, breaking a streak of strong and steady growth. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter."</i>
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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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