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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 26TH, 2024
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DOW 39085.93 -26.23 (-0.07%) | NASDAQ 17744.16 26.5 (0.15%) | S&P 500 5461.62 -7.68 (-0.14%)
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Time of Screening :
6/26/2024 11:58:18 AM Report Released :
6/26/2024 12:15:03 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 |
NVO
- NYSE
Novo Nordisk A/S Adr
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$143.25
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-3.66
-2.49%
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$145.62
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2,209,512
58.89% of 50 DAV
50 DAV is 3,752,000
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$148.15
-3.31%
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6/7/2024 |
$143.06
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PP = $138.38
MB = $145.30 |
Most Recent Note - 6/26/2024 12:14:01 PM
G - Gapped down today, pulling back from its all-time high after a gap up on the prior session capped a streak of 5 consecutive gains. Color code is changed to yellow after retreating below its "max buy" level. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2024. Click here.
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SEC |
News |
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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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$39.75 |
+0.58
1.48%
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$40.12
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$40.58
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-2.05% |
673,559
61.01%
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1,104,000
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Most Recent Note for AMKR - 6/26/2024 11:59:21 AM
Found support above its 50 DMA line and rallied to a new 52-week high volume-diven gains last week. Noted in prior mid-day reports - "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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SEC |
News |
Chart | C
A N
S L
I M
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AVAV
- NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Aerovironment Inc
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$198.85 |
+6.14
3.19%
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$201.95
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$224.00
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-11.23% |
255,793
74.36%
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344,000
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Most Recent Note for AVAV - 6/26/2024 12:01:35 PM
Retreated from its all-time high, finding support this week near the prior high and its 50 DMA line ($186). 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
S L
I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,590.32 |
+9.53
0.60%
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$1,618.18
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$1,851.62
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-14.11% |
2,123,050
63.04%
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3,368,000
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Most Recent Note for AVGO - 6/26/2024 12:02:21 PM
Pulled back from its all-time high with 5 consecutive losses backed by above-average volume. Near-term support to watch is prior highs and its 50 DMA line ($1,407). 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
S L
I M
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AYI
- NYSE - WHOLESALE - Electronics Wholesale
Acuity Brands Inc
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$237.99 |
+0.46
0.19%
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$238.49
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$272.74
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-12.74% |
160,372
64.67%
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248,000
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Most Recent Note for AYI - 6/26/2024 12:03:07 PM
Recently slumping toward its 200 DMA line. Reported Feb '24 quarterly earnings +10% on -4% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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SEC |
News |
Chart | C
A N
S L
I M
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BRC
- NYSE - CHEMICALS - Specialty Chemicals
Brady Corporation Cl A
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$65.13 |
-0.77
-1.17%
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$65.73
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$68.80
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-5.33% |
146,057
65.20%
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224,000
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Most Recent Note for BRC - 6/26/2024 12:04:44 PM
Perched within striking distance of its all-time high, consolidating in an orderly fashion. Through Apr '24 its quarterly earnings and sales revenues growth 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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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$65.22 |
-0.44
-0.67%
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$66.02
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$69.26
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-5.83% |
15,325,768
105.37%
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14,545,000
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Most Recent Note for CMG - 6/26/2024 12:06:37 PM
Finding support at its 50 DMA line today after volume-driven losses undercutting the prior highs in the $65 area. Repeatedly noted in recent mid-day reports - "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."
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SEC |
News |
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A N
S L
I M
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CRTO
- NASDAQ - Comml Svcs-Advertising
Criteo SA Ads
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$36.27 |
+0.57
1.60%
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$36.48
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$39.97
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-9.26% |
980,861
265.82%
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369,000
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Most Recent Note for CRTO - 6/26/2024 12:07:24 PM
Consolidating below its 50 DMA line ($36.93) in recent weeks after volume-driven losses. Reported earnings +60% on +1% sales revenues for the Mar '24 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) but with subpar sales revenues growth still a cause for concern. Annual earnings history (A criteria) has been up and down, not a good match with the fact-based investment system's fundamental guidelines.
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A N
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I M
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LINC
- NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services
Lincoln Educational Svcs
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$11.19 |
+0.22
2.01%
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$11.22
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$13.05
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-14.25% |
87,725
82.76%
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106,000
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Most Recent Note for LINC - 6/26/2024 12:12:24 PM
Rebounding above its 50 DMA line with today's 3rd consecutive gain backed by ever-increasing volume. Slumped from its 52-week high since last noted with caution in the 5/17/24 mid-day report - <i>"Reported Mar '24 quarterly earnings +100% on +18% sales revenues versus the year-ago period. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines."</i>
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A N
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RYAN
- NYSE - INSURANCE - Insurance Brokers
Ryan Specialty Hlds Cl A
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$57.73 |
-1.27
-2.15%
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$58.86
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$61.29
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-5.81% |
710,455
89.59%
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793,000
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Most Recent Note for RYAN - 6/26/2024 12:14:56 PM
Pulling back from its all-time high following a noted streak of 5 consecutive volume-driven gains, rallying from support at its 50 DMA line ($53.38). Reported Sep, Dec '23, and Mar '24 quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Prior quarterly results were subpar.
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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.
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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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