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 MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 11TH, 2023
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DOW 34166.25 221.85 (0.65%) | NASDAQ 13713.38 27.9 (0.20%) | S&P 500 4425.6 16.07 (0.36%)
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Time of Screening :
7/11/2023 12:14:52 PM Report Released :
7/11/2023 1:04:04 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 |
|
Max Buy |
KOF
- NYSE
Coca Cola Femsa Sab Ads
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$79.60
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-1.27
-1.57%
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$80.87
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161,259
93.21% of 50 DAV
50 DAV is 173,000
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$91.23
-12.75%
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6/9/2023 |
$88.61
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PP = $91.33
MB = $95.90 |
Most Recent Note - 7/11/2023 12:44:09 PM
G - Recovered from early lows but today's loss with higher volume adds to damaging losses below the prior low ($81.63 on 5/31/23) which raised greater concerns. A prompt rebound above the 50 DMA line ($86.17) is needed for its outlook to improve. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2023. Click here.
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S L
I M
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PII
- NYSE
Polaris Industries Inc
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$126.92
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+3.86
3.14%
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$127.57
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330,490
62.01% of 50 DAV
50 DAV is 533,000
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$124.21
2.18%
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7/11/2023 |
$126.92
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PP = $123.97
MB = $130.17 |
Most Recent Note - 7/11/2023 12:56:54 PM
Y - Color code is changed to yellow with pivot point cited based on its 8/16/22 high plus 10 cents. Hitting a new 52-week high today, and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. Reported very strong Sep, Dec '22, and Mar '23 quarterly sales revenues and earnings increases above the +25% minimum (C criteria) versus the year ago periods. Annual earnings (A criteria) history had a slight downturn in FY '19 followed by strong growth.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AMAT
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Applied Materials Inc
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$134.25 |
-6.32
-4.49%
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$140.44
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$146.69
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-8.48% |
3,386,328
58.06%
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5,832,000
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Most Recent Note for AMAT - 7/11/2023 12:20:04 PM
Slumping toward its 50 DMA line ($131). Reported earnings +8% on +6% sales revenues for the Apr '23 quarter, its 5th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 845.1 million shares outstanding (S criteria) and as of Mar '23 it is owned by 3,558 top-rated mutual funds (I criteria).
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CAT
- NYSE - MANUFACTURING - Farm & Construction Machinery
Caterpillar Inc
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$251.79 |
+2.98
1.20%
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$254.47
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$266.04
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-5.36% |
1,858,891
58.20%
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3,194,000
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Most Recent Note for CAT - 7/11/2023 12:24:40 PM
Goliath company in the Machinery - Construction/Mining industry is wedging back up toward its all-time high with gains lacking great volume conviction. Reported Mar '23 quarterly earnings +70% on +17% sales revenues versus the year ago period and found support after undercutting its 200 DMA line since last noted with caution in the 2/01/23 mid-day report - "Recently wedged to new all-time highs with gains lacking great volume conviction. Reported earnings +43% on +20% sales revenues for the Dec '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain due to prior sub par quarterly comparisons and its up and down annual earnings (A criteria) history."
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CLS
- NYSE - Elec-Contract Mfg
Celestica Inc
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$15.56 |
+0.19
1.20%
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$15.81
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$15.38
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1.14% |
546,462
71.25%
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767,000
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Most Recent Note for CLS - 7/11/2023 12:27:20 PM
Hitting a new 52-week high with today's 3rd consecutive volume-driven gain. Found support at its 20 DMA line since last noted in the 6/27/23 mid-day report - "Reported earnings +21% on +17% sales revenues for the Mar '23 quarter versus the year ago period, breaking a streak of 5 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19 following a multi-year downturn which raised concerns with regard to the fact-based investment system's strict guidelines."
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CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$219.81 |
+7.00
3.29%
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$222.35
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$225.00
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-2.31% |
6,113,280
88.95%
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6,873,000
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Most Recent Note for CRM - 7/11/2023 12:29:26 PM
Today's gap up gain is challenging its 52-week high after consolidating above its 50 DMA line in an orderly fashion. Last noted in the 6/13/23 mid-day report - "Faces resistance due to overhead supply. Reported Apr '23 quarterly earnings +72% on +11% sales revenues versus the year ago period. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 1 billion shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,265 top-rated funds (I criteria). Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history remains a concern.
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CSWI
- NASDAQ - Chemicals-Specialty
C S W Industrials Inc
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$157.26 |
-1.24
-0.78%
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$160.35
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$166.66
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-5.64% |
29,576
59.15%
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50,000
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Most Recent Note for CSWI - 7/11/2023 12:32:08 PM
Consolidating near its all-time high with volume totals cooling. Its 50 DMA line and prior highs in the $148 area define important near-term support. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings +49% on +13% sales revenues for the Mar '23 quarter, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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DT
- NYSE - Computer Sftwr-Enterprse
Dynatrace Inc
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$54.52 |
+1.75
3.31%
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$54.73
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$52.99
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2.88% |
2,126,990
67.80%
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3,137,000
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Most Recent Note for DT - 7/11/2023 12:34:38 PM
Hitting a new 52-week high with today's big gain, rallying from an orderly 6-week flat base above its 50 DMA line. The 7/07/23 mid-day report last noted - "Faces resistance due to overhead supply up to the $80 level. Reported Mar '23 quarterly earnings +82% on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). On 5/04/21 it was dropped from the Featured Stocks list."
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GRVY
- NASDAQ - Computer Sftwr-Gaming
Gravity Co Ltd Ads
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$78.59 |
+0.29
0.37%
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$78.88
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$79.99
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-1.75% |
13,183
62.78%
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21,000
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Most Recent Note for GRVY - 7/11/2023 12:38:22 PM
This Korean Computer Software firm is powering to a new 52-week high with today's big volume-driven gain adding to a recent spurt. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $116 level. Reported very strong Dec '22 and Mar '23 results but prior quarterly comparisons showed waning and sub-par sales revenues with lower earnings versus the year-ago periods."
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KBH
- NYSE - MATERIALS & CONSTRUCTION - Heavy Construction
K B Home
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$51.19 |
+0.33
0.65%
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$51.57
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$52.88
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-3.20% |
1,010,216
59.04%
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1,711,000
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Most Recent Note for KBH - 7/11/2023 12:40:57 PM
Finding support above its 50 DMA line ($47.41) after recently challenging its all-time high. The 7/06/23 mid-day report last cautioned members - "Reported earnings -16% on +3% sales revenues for the May '23 quarter versus the year-ago period, breaking a streak of 8 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong."
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LMB
- NASDAQ - Bldg-A/C & Heating Prds
Limbach Holdings
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$25.42 |
-0.52
-2.00%
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$26.26
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$26.75
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-4.97% |
111,713
68.12%
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164,000
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Most Recent Note for LMB - 7/11/2023 12:46:32 PM
Perched near its all-time high, very extended from any sound base. Fundamental concerns remain.
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NSIT
- NASDAQ - RETAIL - Catalog & Mail Order Houses
Insight Enterprises Inc
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$146.41 |
-0.56
-0.38%
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$148.48
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$147.23
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-0.56% |
1,194,794
410.58%
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291,000
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Most Recent Note for NSIT - 7/11/2023 12:48:22 PM
It has encountered stubborn resistance in the $147 area and endured distributional pressure in recent weeks. Last noted with caution in the 5/11/23 mid-day report - "Reported earnings -2% on -12% sales revenues for the Mar '23 quarter versus the year-ago period. Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13."
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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$152.21 |
-4.86
-3.09%
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$154.16
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$172.97
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-12.00% |
803,901
62.08%
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1,295,000
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Most Recent Note for NVO - 7/11/2023 12:50:31 PM
This Denmark-based Medical - Ethical Drugs firm met resistance near its 50 DMA line ($162) and slumped further in recent weeks since noted with caution near its all-time high in the 5/08/23 mid-day report - "Reported Mar '23 quarterly earnings +38% on +24% sales revenues versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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PNR
- NYSE - MANUFACTURING - Diversified Machinery
Pentair Ltd
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$66.22 |
+2.15
3.35%
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$66.25
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$64.84
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2.12% |
820,116
69.27%
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1,184,000
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Most Recent Note for PNR - 7/11/2023 12:57:10 PM
Reported earnings +7% on +3% sales revenues for the Mar '23 quarter versus the year-ago period and fundamental concerns remain. Prior earnings and sales revenues history has been below guidelines of the fact-based investment system.
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SAR
- NYSE - Finance-Investment Mgmt
Saratoga Investment Corp
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$26.27 |
-1.18
-4.30%
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$27.95
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$28.87
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-9.01% |
102,242
154.91%
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66,000
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Most Recent Note for SAR - 7/11/2023 12:59:51 PM
Volume-driven loss today is violating its 50 DMA line ($26.48) and testing a recent low. Last noted with caution in the 6/02/23 mid-day report - "Gains in recent weeks have it approaching striking distance of its Oct '21 high ($30.25). Reported earnings +69% on +70% sales revenues for the Feb '23 quarter versus the year ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history leaves fundamental concerns."
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$264.15 |
-5.78
-2.14%
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$282.90
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$270.20
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-2.24% |
1,810,258
66.31%
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2,730,000
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Most Recent Note for SMCI - 7/11/2023 1:00:41 PM
Reversed into the red after early gains today for yet another new all-time high. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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VIST
- NYSE - Oil&Gas-Intl Expl&Prod
Vista Energy SAB de CV
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$25.67 |
+0.36
1.42%
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$25.83
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$25.31
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1.42% |
418,825
69.46%
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603,000
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Most Recent Note for VIST - 7/11/2023 1:01:55 PM
Hitting another new all-time high with today's gain after holding its ground stubbornly. Mexico-based Oil & Gas firm found prompt support near its 50 DMA line ($22.23) while building an orderly base. Recent quarterly comparisons through Mar '23 showed great sales revenues and earnings increases over the year-ago periods. After big losses in prior years, it had profitable results in FY '21 and '22.
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VTS
- NYSE - Finance-Investment Mgmt
Vitesse Energy
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$23.40 |
+0.38
1.65%
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$24.49
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$27.39
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-14.57% |
366,225
67.44%
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543,000
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Most Recent Note for VTS - 7/11/2023 1:03:57 PM
Found support at its 50 DMA line ($21.66) since slumping from near its 52-week high when last noted with caution in the 6/12/23 mid-day report - "Limited history is cause for concern since trading began on 1/10/23 on the NYSE."
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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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