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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JULY 3RD, 2024
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DOW 39286.42 -45.43 (-0.12%) | NASDAQ 18155.29 126.52 (0.70%) | S&P 500 5526.78 17.77 (0.32%)
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Time of Screening :
7/3/2024 12:30:45 PM Report Released :
7/3/2024 12:46:46 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 65% 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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$137.73
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-5.25
-3.67%
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$141.52
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5,297,099
139.14% of 50 DAV
50 DAV is 3,807,000
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$148.15
-7.03%
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6/7/2024 |
$143.06
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PP = $138.38
MB = $145.30 |
Most Recent Note - 7/3/2024 12:43:31 PM
Y - Pulling back for a 2nd consecutive volume-driven loss. Color code was changed to yellow while consolidating back below its "max buy" level. Fundamentals remain strong. Prior highs in the $138 area define initial support to watch above its 50 DMA line ($135.47). See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2024. Click here.
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Company Profile |
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 |
ARIS
- NYSE - Pollution Control
Aris Water Solutions Cl A
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$16.02 |
+0.61
3.96%
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$16.31
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$17.27
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-7.24% |
266,132
67.55%
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394,000
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Most Recent Note for ARIS - 7/3/2024 12:33:09 PM
Consolidating above its 50 DMA line ($15.19) with today's volume-driven gain and perched just -8% off its 52-week high. Noted in the prior mid-day reports - "Reported Mar '24 quarterly earnings +100% on +13% sales revenues versus the year-ago period, its 2nd quarterly comparison above the +25% minimum guideline (C criteria). Prior quarterly results were subpar and fundamental concerns remain."
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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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$1,719.34 |
+61.86
3.73%
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$1,726.68
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$1,851.62
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-7.14% |
2,754,795
77.64%
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3,548,000
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Most Recent Note for AVGO - 7/3/2024 12:34:19 PM
Held its ground well above prior highs in the $1,445 area after pulling back from its all-time high. The 7/01/24 mid-day report noted - "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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SEC |
News |
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A N
S L
I M
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ENSG
- NASDAQ - HEALTH SERVICES - Long-Term Care Facilities
Ensign Group Inc
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$126.90 |
+0.97
0.77%
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$128.22
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$127.58
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-0.53% |
207,650
71.60%
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290,000
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Most Recent Note for ENSG - 7/3/2024 12:36:27 PM
Today's 5th consecutive volume-driven gain has it perched within close striking distance of its all-time high after consolidating above its 50 DMA line. Reported earnings +15% on +14% sales revenues for the Mar '24 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong.
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SEC |
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A N
S L
I M
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ESEA
- NASDAQ - TRANSPORTATION - Shipping
Euroseas Ltd
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$41.18 |
-0.20
-0.48%
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$42.46
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$42.29
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-2.62% |
44,506
143.57%
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31,000
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Most Recent Note for ESEA - 7/3/2024 12:38:48 PM
Rebounded above its 50 DMA line ($36.85) and hitting a new 52-week high today following 2 consecutive big volume-driven gains. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly earnings -14% on +11% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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SEC |
News |
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A N
S L
I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$9.48 |
+0.33
3.55%
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$9.57
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$10.25
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-7.56% |
2,873,946
72.45%
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3,967,000
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Most Recent Note for HMY - 7/3/2024 12:39:31 PM
Hovering near multi-year highs today and recently wedging higher. Prior mid-day reports noted - "Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines."
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SEC |
News |
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A N
S L
I M
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IGIC
- NASDAQ - INSURANCE - Property & Casualty Insurance
International Gen Ins Hld
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$14.17 |
-0.30
-2.07%
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$14.48
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$15.26
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-7.14% |
52,213
74.59%
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70,000
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Most Recent Note for IGIC - 7/3/2024 12:40:06 PM
Consolidating near its 50 DMA line ($14.14) and remains perched within striking distance of its 52-week high. Reported Mar '24 quarterly earnings +18% on +10% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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SEC |
News |
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A N
S L
I M
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LLY
- NYSE - Medical-Diversified
Lilly Eli & Co
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$887.00 |
-19.71
-2.17%
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$918.50
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$916.83
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-3.25% |
2,171,875
78.83%
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2,755,000
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Most Recent Note for LLY - 7/3/2024 12:41:50 PM
Encountering distributional pressure after hitting new all-time highs with recent gains lacking great volume conviction. Reported Mar '24 quarterly earnings +59% on +26% sales revenues versus the year-ago period. Fundamental concerns remain as the 2 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It has made impressive price progress since dropped from the Featured Stocks list on 8/11/22.
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A N
S L
I M
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TRI
- NYSE - Comml Svcs-Market Rsrch
Thomson Reuters Corp
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$169.02 |
+0.67
0.40%
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$170.29
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$176.03
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-3.98% |
301,571
72.49%
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416,000
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Most Recent Note for TRI - 7/3/2024 12:46:41 PM
Consolidating above its 50 DMA line ($167) and near its all-time high. Reported Mar '24 quarterly earnings +32% on +8% sales revenues versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been strong.
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A N
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I M
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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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