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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 19TH, 2021
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DOW 34933.85 -26.84 (-0.08%) | NASDAQ 14555.99 30.07 (0.21%) | S&P 500 4401.93 1.66 (0.04%)
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Time of Screening :
8/19/2021 12:00:30 PM Report Released :
8/19/2021 12:39:38 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 |
SNPS
- NASDAQ
Synopsys Inc
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$314.84
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+24.21
8.33%
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$314.99
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964,827
142.12% of 50 DAV
50 DAV is 678,900
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$300.91
4.63%
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8/18/2021 |
$293.22
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PP = $301.01
MB = $316.06 |
Most Recent Note - 8/19/2021 12:33:51 PM
Y - Hitting new all-time highs with today's breakaway gap with heavy volume. Color code was changed to yellow with pivot point cited based on its 2/16/21 high plus 10 cents in the 8/18/21 mid-day report. After the close it reported sub par Jul '21 quarterly earnings +4% on +10% sales revenues versus the year ago period. As previously noted - "Volume and volatility often increase near earnings news. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Earnings rose +39% on +19% sales revenues for the Apr '21 quarter versus the year ago period, its 4th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2021. Click here.
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A N
S L
I M
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TRMB
- NASDAQ
Trimble Navigation Ltd
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$88.68
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-0.11
-0.12%
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$89.12
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581,974
62.51% of 50 DAV
50 DAV is 931,000
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$90.25
-1.74%
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8/5/2021 |
$88.83
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PP = $84.97
MB = $89.22 |
Most Recent Note - 8/19/2021 12:39:30 PM
Y - Holding its ground but churning above average volume near its all-time high. Prior highs and its 50 DMA line ($83.31) define near-term support to watch on pullbacks. Reported earnings +38% on +29% sales revenues for the Jun '21 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2021. Click here.
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AB
- NYSE - Finance-Investment Mgmt
Alliancebernstein Hld Lp
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$50.27 |
+0.39
0.78%
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$50.77
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$51.21
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-1.84% |
139,205
58.24%
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239,000
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Most Recent Note for AB - 8/19/2021 12:02:04 PM
Perched at multi-year highs. Found prompt support near its 50 DMA line ($47.03). Prior mid-day reports noted - "Quarterly earnings increases through Jun '21 were not strong and steady above the +25% minimum guideline (C criteria) with strong sales revenues growth. Annual earnings growth (A criteria) has not been strong and steady."
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A N
S L
I M
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AEG
- NYSE - INSURANCE - Life Insurance
Aegon N V
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$4.82 |
-0.11
-2.23%
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$4.86
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$5.11
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-5.68% |
1,301,236
72.29%
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1,800,000
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Most Recent Note for AEG - 8/19/2021 12:02:24 PM
Rebounded toward its 52-week high with recent volume-driven gains. Repeatedly noted with caution in prior mid-day reports - "This giant Netherlands-based insurance company has an erratic sales revenues and earnings history."
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A N
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I M
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AIG
- NYSE - INSURANCE - Property & Casualty Insurance
American Intl Group
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$52.98 |
-0.78
-1.45%
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$53.90
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$54.96
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-3.60% |
2,431,398
59.71%
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4,072,000
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Most Recent Note for AIG - 8/19/2021 12:04:05 PM
Rebounded above its 50 DMA line to hit new 52-week highs with recent volume-driven gains. The 8/13/21 mid-day report last noted - "Reported strong Jun '21 quarterly results. Quarterly and annual earnings history (C and A criteria) has been erratic."
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A N
S L
I M
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AMD
- NYSE - ELECTRONICS - Semiconductor - Broad Line
Advanced Micro Devices
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$105.13 |
+1.69
1.63%
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$106.18
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$122.49
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-14.17% |
40,864,061
62.91%
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64,952,000
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Most Recent Note for AMD - 8/19/2021 12:06:50 PM
Consolidating after getting very extended from prior highs with impressive volume-driven gains. Prior highs in the $99 area define initial support above its 50 DMA line ($94.48). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. It went through a choppy consolidation since dropped from the Featured Stocks list on 2/22/21. Its current Relative Strength rating of 85 is above the 80+ minimum guideline for buy candidates. Fundamentals remain strong after it reported Jun '21 quarterly earnings +250% on +99% sales revenues versus the year ago period.
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A N
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I M
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CSOD
- NASDAQ - Comp Sftwr-Spec Enterprs
Cornerstone Ondemand Inc
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$56.69 |
+0.08
0.14%
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$56.71
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$57.00
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-0.54% |
1,231,933
171.34%
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719,000
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Most Recent Note for CSOD - 8/19/2021 12:07:22 PM
Gapped up on 8/06/21 following M&A news. Through Jun '21 its quarterly and annual earnings history has been strong.
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I M
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DHR
- NYSE - Medical-Diversified
Danaher Corp
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$318.68 |
+3.71
1.18%
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$319.25
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$323.42
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-1.47% |
1,337,133
59.48%
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2,248,000
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Most Recent Note for DHR - 8/19/2021 12:09:10 PM
Very extended from any sound base and there was a "negative reversal" on the prior session at its all-time high after an impressive streak of 11 consecutive gains backed by below average volume. Posted 10 consecutive weekly gains. Reported Jun '21 quarterly earnings +71% on +36% sales revenues versus the year ago period, its 5th strong comparison above the +25% minimum guideline (C criteria) and sales revenues growth has been strong. Annual earnings (A criteria) history has shown slow steady growth. Has a new CEO as of 9/01/20.
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DSKE
- NASDAQ - TRANSPORTATION - Logistics
Daseke Inc
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$9.68 |
+0.32
3.42%
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$9.83
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$10.00
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-3.20% |
499,326
109.98%
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454,000
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Most Recent Note for DSKE - 8/19/2021 12:10:52 PM
Reported strong Jun '20 quarterly results but fundamental concerns remain. Perched near its 52-week high after a spurt of gains with above average volume.
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I M
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FITB
- NASDAQ - BANKING - Regional - Midwest Banks
Fifth Third Bancorp
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$37.33 |
-0.19
-0.49%
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$37.86
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$43.06
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-13.32% |
3,960,071
81.48%
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4,860,000
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Most Recent Note for FITB - 8/19/2021 12:12:21 PM
Reported Jun '21 quarterly earnings +227% on +1% sales revenues versus the year ago period. Slumped below its 50 DMA line from multi-year highs with damaging volume-driven losses. The 7/21/21 mid-day report last noted - "Fundamentals are not a match with the fact-based investment system."
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A N
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I M
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HHR
- NASDAQ - Comml Svcs-Staffing
Headhunter Group Plc Ads
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$48.85 |
-0.14
-0.29%
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$49.02
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$55.40
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-11.82% |
362,452
235.36%
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154,000
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Most Recent Note for HHR - 8/19/2021 12:17:07 PM
Extended from any sound base. Reported Jun '21 quarterly earnings +320% on +148% sales revenues versus the year ago period, its 2nd strong quarter. Fundamental concerns remain as the 3 prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). There was a downturn in FY '20 earnings (A criteria). Completed Secondary Offerings on 6/03/21 and 7/15/20. This Cypress-based Commercial Services - Staffing firm completed its $13.50 IPO on 5/09/19.
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INMD
- NASDAQ - Medical-Systems/Equip
Inmode Ltd
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$115.94 |
+5.25
4.74%
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$116.32
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$118.00
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-1.75% |
424,685
66.67%
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637,000
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Most Recent Note for INMD - 8/19/2021 12:18:28 PM
Extended from any sound base, it found support while consolidating above its 50 DMA line this week. Reported Jun '21 quarterly earnings +325% on +184% sales revenues versus the year ago period, marking its 4th consecutive quarterly comparison above the fact-based investment system's +25% minimum earnings guideline (C criteria). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Went through a long and deep consolidation and rebounded impressively since noted with caution in the 11/29/19 mid-day report - "Limited history is a concern for this Israel-based Medical - Systems/Equipment firm since its $14 IPO on 8/08/19."
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INOV
- NASDAQ - COMPUTER SOFTWARE and SERVICES - Healthcare Information Service
Inovalon Holdings, Inc
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$40.38 |
+3.16
8.48%
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$40.50
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$39.28
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2.79% |
4,584,472
1,104.69%
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415,000
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Most Recent Note for INOV - 8/19/2021 12:20:18 PM
Very extended from any sound base, it gapped up today hitting another new 52-week high. There was a noted gap up and volume-driven gain on 7/27/21. Found support at its 50 DMA line in recent months when consolidating. Reported improved results in the Dec '20, Mar and Jun '21 quarters but fundamental concerns remain.
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JHX
- NYSE - MATERIALS & CONSTRUCTION - Cement
James Hardie Ind Plc Adr
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$37.90 |
+0.68
1.82%
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$38.06
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$38.52
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-1.62% |
22,139
69.18%
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32,000
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Most Recent Note for JHX - 8/19/2021 12:25:05 PM
This Ireland-based cement firm is extended from any sound base and perched near its all-time high. Found support near its 50 DMA line during its ongoing ascent. Reported earnings +50% on +35% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria).
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$202.19 |
+11.79
6.19%
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$203.48
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$208.75
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-3.14% |
36,522,604
103.65%
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35,235,000
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Most Recent Note for NVDA - 8/19/2021 12:29:10 PM
Managed a "positive reversal" after today's early weakness undercutting its 50 DMA line ($194.56). Reported Jul '21 quarterly earnings +89% on +68% sales revenues versus the year ago period, marking its 7th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). However, the strong quarter marked the first deceleration in its sales revenues and earnings growth rate. Downturn in FY '20 annual earnings (A criteria) history was noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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TGT
- NYSE - RETAIL - Discount, Variety Stores
Target Corporation
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$248.06 |
+0.48
0.19%
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$249.53
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$267.06
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-7.11% |
2,068,023
70.20%
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2,946,000
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Most Recent Note for TGT - 8/19/2021 12:35:04 PM
Violated its 50 DMA line ($249) with higher volume behind recent losses indicative of distributional pressure. Weak action came as it reported Jul '21 quarterly earnings +8% on +10% sales revenues versus the year ago period, breaking a streak of 4 very strong comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) earnings growth has been strong since a downturn in FY '18.
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TPX
- NYSE - MANUFACTURING - Textile Manufacturing
Tempur Sealy Intl Inc
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$42.41 |
-0.70
-1.62%
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$43.19
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$44.79
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-5.31% |
1,105,861
63.59%
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1,739,000
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Most Recent Note for TPX - 8/19/2021 12:36:30 PM
Stubbornly holding its ground while enduring distributional pressure near its all-time high. Noted in prior mid-day reports - "Reported earnings +295% on +76% sales revenues for the Jun '21 quarter versus the year ago period, its 4th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Downturn in FY '17 and '18 is a flaw in its annual earnings history (A criteria)."
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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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likewise used for identification purposes only.
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