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 MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 16TH, 2024
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DOW 40569.28 6.22 (0.02%) | NASDAQ 17593.81 -0.68 (0.00%) | S&P 500 5540.76 -2.46 (-0.04%)
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Time of Screening :
8/16/2024 11:57:15 AM Report Released :
8/16/2024 12:11:08 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 |
HRB
- NYSE - DIVERSIFIED SERVICES - Personal Services
Block H & R Inc
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$67.37 |
+9.88
17.18%
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$68.45
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$58.63
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14.90% |
3,538,522
364.80%
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970,000
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Most Recent Note for HRB - 8/16/2024 12:00:37 PM
Gapped up today powering to a new all-time high. Through the Jun '24 quarter fundamental concerns remain.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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KEQU
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Kewaunee Scientific Corp
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$47.30 |
-0.46
-0.96%
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$47.88
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$55.62
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-14.96% |
21,002
75.01%
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28,000
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Most Recent Note for KEQU - 8/16/2024 12:02:00 PM
Consolidating quietly above its 50 DMA line ($46) after pulling back from its all-time high with losses backed by above-average volume. Noted in prior mid-day reports - "Reported strong earnings increases in recent quarters through Apr '24. Subpar sales revenues growth and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MG
- NYSE - DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services
Mistras Group Inc
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$11.30 |
+0.31
2.82%
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$11.35
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$12.00
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-5.83% |
74,384
76.68%
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97,000
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Most Recent Note for MG - 8/16/2024 12:03:11 PM
Today's gain with above-average volume has it poised for another best-ever close. Prior mid-day reports cautioned members - <i>"Reported greatly improved Jun '24 quarterly earnings results +320% on +8% sales revenues versus the year-ago period. Concerns remain, fundamentally, as its quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."</i>
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PANW
- NYSE - Computer Sftwr-Security
Palo Alto Networks
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$334.57 |
-8.71
-2.54%
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$340.13
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$380.84
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-12.15% |
1,647,353
59.09%
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2,788,000
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Most Recent Note for PANW - 8/16/2024 12:04:41 PM
Found prompt support near its 200 DMA line again recently and it is perched -12.3% off its all-time high. Faces some near-term resistance due to overhead supply up to the $380 level. Reported Apr '24 quarterly earnings +20% on +15% sales revenues versus the year-ago period. Found support at its 200 DMA line in recent months after last noted when dropped from the Featured Stocks list on 2/21/24.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PDD
- NASDAQ - Retail-Internet
Pinduoduo Inc Cl A
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$147.94 |
+2.86
1.97%
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$149.10
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$164.69
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-10.17% |
4,326,652
65.18%
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6,638,000
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Most Recent Note for PDD - 8/16/2024 12:05:34 PM
Fundamentals remain strong. Faces near-term resistance due to overhead supply up to the $164 level. Found support near its 200 DMA line ($132.74) and rebounded above the 50 DMA line ($137.74) helping its outlook to improve. It was dropped from the Featured Stocks list on 7/11/24.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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QFIN
- NASDAQ - Financial Svcs-Specialty
360 Finance Inc Cl A Ads
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$24.51 |
+0.80
3.37%
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$24.58
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$23.99
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2.17% |
1,030,058
86.20%
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1,195,000
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Most Recent Note for QFIN - 8/16/2024 12:07:27 PM
Hitting another new 52-week high with today's 7th consecutive volume-driven gain. Faces very little resistance due to overhead supply up to the $25 level. Reported Jun '24 quarterly earnings +32% on +6% sales revenues versus the year ago period. Prior quarterly comparisons were subpar and its 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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RACE
- NYSE - Auto Manufacturers
Ferrari NV
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$460.07 |
+5.94
1.31%
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$460.07
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$463.00
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-0.63% |
183,117
76.62%
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239,000
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Most Recent Note for RACE - 8/16/2024 12:08:09 PM
Rallying today for new 52-week and all-time highs with a 5th consecutive gain. Found support when recently consolidating near its 50 DMA line ($421). Reported Jun '24 quarterly earnings +23% on +14% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TZOO
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Information Technology Service
Travelzoo Inc
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$12.05 |
+0.17
1.39%
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$12.12
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$12.00
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0.38% |
60,232
65.47%
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92,000
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Most Recent Note for TZOO - 8/16/2024 12:08:51 PM
Reported earnings +35% on +0% sales revenues for the Jun '24 quarter. Rallying to a new 52-week high with today's 5th consecutive gain marked by above-average volume. Fundamental concerns remain as noted in prior mid-day reports -"Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has not been strong and steady."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WLDN
- NASDAQ - Bldg-Heavy Construction
Willdan Group Inc
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$36.93 |
+0.79
2.19%
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$38.50
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$38.25
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-3.45% |
232,191
234.54%
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99,000
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Most Recent Note for WLDN - 8/16/2024 12:11:03 PM
Hitting a new 52-week high with today's volume-driven gain. Stubbornly held its ground after a gap up on 8/02/24. Reported +112% earnings on +18% sales revenues for the Jun '24 quarter but fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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Company Profile |
SEC |
News |
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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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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
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