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MIDDAY BREAKOUTS REPORT - MONDAY, JULY 8TH, 2024
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DOW 39381.61 5.74 (0.01%) | NASDAQ 18411.5 58.74 (0.32%) | S&P 500 5574 6.81 (0.12%)
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Time of Screening :
7/8/2024 11:51:47 AM Report Released :
7/8/2024 12:08:11 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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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 |
CECO
- NASDAQ - Pollution Control
Ceco Environmental
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$27.87 |
-0.59 -2.07%
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$28.60
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$29.11
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-4.26% |
252,577 74.51%
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339,000
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Most Recent Note for CECO - 7/8/2024 11:53:35 AM
Perched at its 52-week high. Reported Mar '24 quarterly earnings +10% on +12% sales revenues over the year ago period. Prior quarterly comparisons showed earnings increases not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) 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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ESEA
- NASDAQ - TRANSPORTATION - Shipping
Euroseas Ltd
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$39.51 |
-0.69 -1.71%
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$40.75
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$42.46
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-6.94% |
19,380 62.52%
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31,000
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Most Recent Note for ESEA - 7/8/2024 11:54:35 AM
Rebounded above its 50 DMA line and hit a new 52-week high last week with 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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LGND
- NASDAQ - DRUGS - Drug Manufacturers - Other
Ligand Pharmaceuticals
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$88.33 |
+3.96
4.69%
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$92.90
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$94.57
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-6.60% |
100,978 75.92%
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133,000
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Most Recent Note for LGND - 7/8/2024 11:56:59 AM
Challenged its 52-week high with today's early volume-driven gain. Reported earnings +68% on -30% sales revenues for the Mar '24 quarter versus the year ago period Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Fundamental concerns remain because its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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NGVC
- NYSE - RETAIL - Grocery Stores
Nat Grocers Vit Cottage
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$22.77 |
+0.96
4.40%
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$22.96
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$21.95
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3.74% |
61,058 92.51%
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66,000
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Most Recent Note for NGVC - 7/8/2024 11:58:19 AM
Hitting a new 52-week high with today's 6th consecutive gain. Stubbornly held its ground since noted in the 6/03/24 mid-day report noted - "Faces some resistance due to old overhead supply up to the $24 level. Reported earnings +35% on +9% sales revenues for the Mar '24 quarter versus the year ago period, its 4th strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$51.16 |
-0.86 -1.64%
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$51.66
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$53.83
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-4.97% |
126,671 68.10%
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186,000
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Most Recent Note for NMM - 7/8/2024 11:59:25 AM
Pulling back from its 52-week high with today's 3rd consecutive loss. Found support at its 50 DMA line recently. Noted with caution in prior mid-day reports - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NOW
- NYSE - Computer Sftwr-Enterprse
Servicenow Inc
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$771.53 |
-34.94 -4.33%
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$776.65
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$815.32
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-5.37% |
858,714 60.39%
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1,422,000
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Most Recent Note for NOW - 7/8/2024 12:04:03 PM
Gapped down today after challenging its all-time high with recent gains. Fundamentals remain strong after it reported Mar '24 quarterly earnings +44% on +24% sales revenues versus the year-ago period. It was dropped from the Featured Stocks list on 4/19/24.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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UFPT
- NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers
U F P Tech Inc
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$299.65 |
+6.17
2.10%
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$302.34
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$296.76
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0.97% |
31,168 61.11%
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51,000
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Most Recent Note for UFPT - 7/8/2024 12:06:17 PM
Rallying from support at its 50 DMA line ($255) and hitting another new all-time high with today's gain. Reported earnings +8% on +7% sales revenues for the Mar '24 quarter versus the year ago period. Two of the 4 latest quarterly earnings increases were below the +25% minimum guideline (C criteria). Lackluster sales revenues growth rate is a concern. Annual earnings (A criteria) growth has been strong after a downturn in FY '20 like many firms during the pandemic.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WPM
- NYSE - Mining-Gold/Silver/Gems
Wheaton Precious Metals
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$55.55 |
-0.26 -0.47%
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$55.91
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$57.87
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-4.01% |
1,948,631 128.20%
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1,520,000
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Most Recent Note for WPM - 7/8/2024 12:08:05 PM
Rebounding toward its 52-week high with recent gains. Reported strong Sep, Dec '23 and Mar '24 quarterly earnings above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down, not a match with the fact-based investment system's fundamental guidelines (A criteria).
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Company Profile |
SEC |
News |
Chart | C
A N
S L
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.
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