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 MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 22ND, 2021
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DOW 33942.2 65.23 (0.19%) | NASDAQ 14190.67 49.19 (0.35%) | S&P 500 4240.54 15.75 (0.37%)
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Time of Screening :
6/22/2021 11:36:36 AM Report Released :
6/22/2021 12:00:10 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 45% 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 |
MRBK
- NASDAQ
Meridian Corp
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$26.60
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+0.46
1.76%
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$26.72
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18,195
63.40% of 50 DAV
50 DAV is 28,700
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$29.18
-8.84%
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5/18/2021 |
$25.58
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PP = $28.06
MB = $29.46 |
Most Recent Note - 6/22/2021 11:46:29 AM
Y - Churned higher than average volume while recently consolidating in a tight range near its 50 DMA line ($26.33). Stalled since reaching a new 52-week high when featured on 5/18/21. Reported Mar '21 earnings +323% on +93% sales revenues versus the year ago period, continuing its strong earnings track record. Recent low ($24.01 on 4/21/21) defines important near-term support where any violation may trigger a worrisome technical sell signal. Its Relative Strength Rating is 75, below the 80 minimum guideline.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/11/2021. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SHOP
- NYSE
Shopify Inc
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$1,475.87
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-4.36
-0.29%
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$1,515.00
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1,297,797
91.78% of 50 DAV
50 DAV is 1,414,000
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$1,552.23
-4.92%
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6/16/2021 |
$1,343.80
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PP = $1,499.85
MB = $1,574.84 |
Most Recent Note - 6/22/2021 11:55:43 AM
Y - Perched at its all-time high today following a streak of 8 consecutive gains marked by ever-increasing volume. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a proper trigger a technical buy signal. Found support after dipping below its 200 DMA line during the choppy consolidation since dropped from the Featured Stocks list on 3/04/21. Reported Mar '21 quarterly earnings +958% on +110% sales revenues versus the year ago period, continuing its strong earnings track record.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/16/2021. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SMPL
- NASDAQ
Simply Good Foods Co
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$36.60
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+0.47
1.30%
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$37.83
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416,313
82.44% of 50 DAV
50 DAV is 505,000
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$36.96
-0.97%
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12/28/2020 |
$30.40
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PP = $31.44
MB = $33.01 |
Most Recent Note - 6/22/2021 11:56:52 AM
G - Hit yet another high with today's 8th consecutive gain. Near-term support to watch is its 50 DMA line ($34.31) and the prior low ($31.09 on 5/18/21). Reported Feb '21 quarterly earnings +9% on +2% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/14/2021. Click here.
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SEC |
News |
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 |
CAI
- NYSE - Comml Svcs-Leasing
CAI International Inc
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$55.95 |
-0.06
-0.10%
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$56.10
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$56.13
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-0.33% |
647,836
167.83%
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386,000
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Most Recent Note for CAI - 6/22/2021 11:37:15 AM
Gapped up 6/18/21 hitting a new all-time high on M&A news. Reported Mar '21 quarterly earnings +219% on +17% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Found support recently above its 200 DMA line after sputtering for weeks below its 50 DMA line. Fundamental concerns remain as prior earnings history is not a match with the guidelines (C and A criteria) of the fact-based investment system.
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SEC |
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A N
S L
I M
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CCB
- NASDAQ - Finance-Commercial Loans
Coastal Financial Corp
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$31.00 |
+0.51
1.67%
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$31.23
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$33.76
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-8.18% |
30,365
144.60%
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21,000
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Most Recent Note for CCB - 6/22/2021 11:38:26 AM
Consolidating after holding its ground near its 50 DMA line. Stalled after hitting a new all-time high with a volume-driven gain on 5/10/21, trying to rally from an orderly 10-week base. Reported strong Mar '21 quarterly results versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain for this thinly-traded Bank. Completed its $14.50 IPO on 7/18/18.
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SEC |
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A N
S L
I M
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CRAI
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
C R A International Inc
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$87.66 |
+0.03
0.03%
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$88.24
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$88.23
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-0.65% |
34,335
83.74%
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41,000
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Most Recent Note for CRAI - 6/22/2021 11:39:31 AM
Perched at its 52-week high. Formed an orderly base and found support at its 50 DMA line in recent weeks. Made steady progress after a deep consolidation. Reported earnings +63% on +16% sales revenues for the Mar '21 quarter versus the year ago period. Fundamental concerns remain. Prior quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines. Annual earnings (A criteria) growth has been strong and steady.
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A N
S L
I M
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EVBN
- AMEX - Banks-Northeast
Evans Bancorp Inc
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$37.50 |
-0.02
-0.05%
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$37.80
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$40.45
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-7.29% |
14,262
71.31%
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20,000
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Most Recent Note for EVBN - 6/22/2021 11:40:18 AM
Above its 50 DMA line ($36.70) and perched near multi-year highs. Reported strong growth for the Dec '20 and Mar '21 quarters versus the year ago periods. Prior mid-day reports cautioned members - "Prior quarterly and annual earnings history (C and A criteria) 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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FOCS
- NASDAQ - Finance-Investment Mgmt
Focus Financial Partners
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$50.77 |
-3.62
-6.66%
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$50.91
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$56.56
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-10.24% |
2,318,788
575.38%
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403,000
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Most Recent Note for FOCS - 6/22/2021 11:43:22 AM
Gapped down today, slumping toward its 50 DMA line after it was perched within close striking distance of its all-time high. Reported earnings +26% on +17% sales revenues for the Mar '21 quarter versus the year ago period. Concerns remain as the 2 prior quarterly earnings increases were below the +25% minimum guideline (C criteria).
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A N
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I M
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FRBA
- NASDAQ - Banks-Northeast
First Bank NJ
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$13.85 |
+0.19
1.35%
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$14.33
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$14.41
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-3.92% |
38,417
54.88%
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70,000
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Most Recent Note for FRBA - 6/22/2021 11:44:30 AM
Still hovering in a tight range near its 52-week high, stubbornly holding its ground after a spurt of volume-driven gains. Prior mid-day reports noted - "Reported Mar '21 quarterly earnings +206% on +71 sales revenues versus the year ago period, and 3 of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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A N
S L
I M
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IESC
- NASDAQ - Bldg-Maintenance & Svc
Integrated Electric Svcs
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$52.21 |
-0.85
-1.60%
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$53.93
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$56.24
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-7.17% |
21,483
46.70%
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46,000
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Most Recent Note for IESC - 6/22/2021 11:45:25 AM
Finding prompt support near its 50 DMA line ($51.56) and it remains within close striking distance of its all-time high. Reported earnings +87% on +14% sales revenues for the Mar '21 quarter versus the year ago period, marking 4 quarterly earnings comparisons above the +25% minimum guideline (C criteria). The downturn in FY '17 annual earnings (A criteria) history was a previously noted fundamental flaw.
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A N
S L
I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
|
$750.40 |
+13.31
1.81%
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$754.89
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$775.00
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-3.17% |
7,104,179
71.46%
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9,941,000
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Most Recent Note for NVDA - 6/22/2021 11:48:19 AM
A "negative reversal" was noted on 6/18/21 at its all-time high and it is extended from any sound base after an impressive spurt of volume-driven gains. Reported Apr '21 quarterly earnings +103% on +84% sales revenues versus the year ago period, marking its 6th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria) with sequential comparisons showing impressive acceleration in its sales revenues growth rate. Downturn in FY '20 annual earnings (A criteria) history was noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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A N
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I M
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PRAH
- NASDAQ - HEALTH SERVICES - Medical Laboratories & Researc
PRA Health Sciences, Inc
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$167.00 |
-0.50
-0.30%
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$167.51
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$175.95
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-5.09% |
417,997
63.82%
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655,000
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Most Recent Note for PRAH - 6/22/2021 11:48:53 AM
Reported earnings +29% on +19% sales revenues for the Mar '21 quarter versus the year ago period. Prior results were sub par. Held its ground and made gradual progress since a gap up on 2/24/21 following M&A news. It was dropped from the Featured Stocks list on 12/19/18.
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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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$41.52 |
+1.09
2.70%
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$42.60
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$45.00
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-7.73% |
1,582,170
54.02%
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2,929,000
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Most Recent Note for QFIN - 6/22/2021 11:49:59 AM
Perched near its all-time high following an impressive spurt of volume-driven gains. Reported Mar '21 quarterly earnings +458% on +22% sales revenues versus the year ago period, its 4th strong quarterly earnings comparison. Found support well above its 200 DMA line during the choppy consolidation since noted in the 3/18/21 mid-day report - " Limited history is a concern since this China - based Financial Services - Specialty firm completed its $16.50 IPO on 12/14/18."
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RBB
- NASDAQ - Finance-Savings & Loan
R B B Bancorp
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$23.30 |
-0.12
-0.51%
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$23.42
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$24.99
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-6.76% |
35,766
65.03%
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55,000
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Most Recent Note for RBB - 6/22/2021 11:50:05 AM
Retreating from its 52-week high following volume-driven gains. The 6/02/21 mid-day report noted - "Reported earnings +80% on +7% sales revenues for the Mar '21 quarter versus the year ago period. Fundamentals are not a match (C and A criteria) with the fact-based investment system's guidelines. Completed its $23 IPO on 7/26/17."
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SCVL
- NASDAQ - RETAIL - Apparel Stores
Shoe Carnival Inc
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$68.20 |
+3.06
4.70%
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$68.73
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$70.69
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-3.52% |
103,241
92.18%
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112,000
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Most Recent Note for SCVL - 6/22/2021 11:53:47 AM
Reported solid Mar '21 quarterly earnings versus a loss for the year ago period on +123% sales revenues. Found prompt support at its 50 DMA line ($64.13) and it is rebounding toward its 52-week and all-time high. Fundamental concerns remain. The 11/25/19 mid-day report cautioned members - "Prior comparisons' sub par sales revenues growth is a concern and its up and down annual earnings (A criteria) history."
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TGH
- NYSE - TRANSPORTATION - Logistics
Textainer Group Holdings
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$34.59 |
-0.65
-1.84%
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$35.30
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$35.28
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-1.96% |
270,943
46.71%
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580,000
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Most Recent Note for TGH - 6/22/2021 11:57:39 AM
Perched at its 52-week high today following 2 consecutive volume-driven gains. Found prompt support near prior highs after briefly slumping back into the previously noted 7-week base and testing its 50 DMA line with a big volume-driven loss. Prior mid-day reports noted - "Reported Mar '21 quarterly earnings +582% on +16% sales revenues versus the year ago period, its 4th strong earnings comparison. Sales revenues growth has been improving in the 2 latest quarterly comparisons after years of sub-par and negative comparisons, not a match with with regard to the fact-based investment system's fundamental guidelines. Annual earnings (A criteria) history has been strong after a downturn and loss in FY '16."
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TRNS
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Transcat Inc
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$55.10 |
-0.50
-0.90%
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$55.54
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$58.49
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-5.80% |
15,965
49.89%
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32,000
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Most Recent Note for TRNS - 6/22/2021 11:58:56 AM
Hovering in a tight range near its all-time high, finding support while consolidating near prior highs. Reported earnings +27% on +7% sales revenues for the Mar '21 quarter versus the year ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria).
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WIT
- NYSE - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Wipro Ltd Adr
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$8.05 |
+0.11
1.39%
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$8.07
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$8.32
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-3.25% |
840,216
48.23%
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1,742,000
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Most Recent Note for WIT - 6/22/2021 12:00:02 PM
Pulled back from its 52-week high with a streak of volume-driven losses, and it is extended from any sound base. Large supply of 5.94 billion shares (S criteria) outstanding. Quarterly results for Mar '21 showed improvement. Prior comparisons showed earnings increases well below the +25% guideline (C criteria). Sales revenues growth has been sub par while its annual earnings (A criteria) growth has been slow and steady. This Indian IT firm was was dropped from the Featured Stocks list on 2/28/07.
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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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