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 MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 19TH, 2022
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DOW 33999.04 0 (0.00%) | NASDAQ 12965.34 27.22 (0.21%) | S&P 500 4283.74 9.7 (0.23%)
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Time of Screening :
8/19/2022 12:04:18 PM Report Released :
8/19/2022 12:25:35 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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$363.62
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-9.70
-2.60%
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$368.85
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680,734
73.51% of 50 DAV
50 DAV is 926,000
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$391.17
-7.04%
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8/17/2022 |
$381.37
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PP = $377.70
MB = $396.59 |
Most Recent Note - 8/19/2022 12:23:26 PM
G - Color code is changed to green due to fundamental concerns while pulling back today for a 4th consecutive loss marked by above average volume, encountering distributional pressure since reaching a new all-time high. Reported Jul '22 quarterly earnings +16% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Renewed strength and subsequent gains above the pivot point backed by at least +40% above average volume are needed to clinch a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2022. 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 |
BJ
- NYSE - Retail-Discount&Variety
BJs Wholesale Club Hldgs
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$73.83 |
-0.27
-0.36%
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$75.39
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$77.47
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-4.71% |
1,348,387
62.28%
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2,165,000
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Most Recent Note for BJ - 8/19/2022 12:05:52 PM
Gapped up on the prior session for a considerable volume-driven gain hitting new 52-week and all-time highs when noted with caution in the mid-day report - "Bullish action came after it reported Jul '22 quarterly earnings +29% on +22% sales revenues versus the year ago period. Earnings increases were below the +25% minimum (C criteria) in the 5 prior quarterly comparisons versus the year ago periods. It was dropped from the Featured Stocks list on 2/23/21."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DRVN
- NASDAQ - Retail/Whlsle-Automobile
Driven Brands Holdings Inc
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$32.59 |
-0.15
-0.46%
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$32.94
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$34.62
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-5.86% |
334,025
81.47%
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410,000
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Most Recent Note for DRVN - 8/19/2022 12:07:37 PM
It has been wedging higher in recent weeks with gains lacking great volume conviction since last noted with caution in the 7/27/22 mid-day report - "Reported strong quarterly results above the +25% minimum guideline (C criteria) through Jun '22 versus year ago periods. Limited annual earnings (A criteria) history is a concern since it completed its IPO at $22 on 1/15/21 and a Secondary Offering on 8/06/21."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HWKN
- NASDAQ - CHEMICALS - Basic Chemicals
Hawkins Inc
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$43.73 |
-1.11
-2.48%
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$44.83
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$48.12
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-9.12% |
30,982
64.55%
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48,000
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Most Recent Note for HWKN - 8/19/2022 12:10:49 PM
The Mar and Jun '22 quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). In recent weeks it has rebounded toward its all-time high with gains lacking great volume conviction. Went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 4/08/22.
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SEC |
News |
Chart | C
A N
S L
I M
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MCFT
- NASDAQ - Leisure-Products
Mastercraft Boat Holdings Inc
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$26.43 |
-0.13
-0.49%
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$26.88
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$29.69
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-10.98% |
58,881
74.53%
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79,000
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Most Recent Note for MCFT - 8/19/2022 12:15:54 PM
Went through a long consolidation since last noted with caution at multi-year highs in the 5/14/21 mid-day report. The 3 latest quarterly earnings comparisons through Mar '22 were below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Completed a Secondary Offering on 12/08/16. Completed its $10 IPO on 7/17/15.
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SEC |
News |
Chart | C
A N
S L
I M
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NL
- NYSE - Hsehold/Office Furniture
N L Industries
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$10.66 |
+0.47
4.61%
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$10.71
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$10.32
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3.29% |
33,135
64.97%
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51,000
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Most Recent Note for NL - 8/19/2022 12:17:25 PM
Rallied from below its 50 DMA line ($9.26) to new 52-week highs with an impressive streak of 8 consecutive gains marked by volume. The 3 latest quarterly comparisons were well above the +25% minimum (C criteria) through the Jun '22 quarter. Up and down annual earnings (A criteria) history is below the fact-based investment system's guidelines.
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SEC |
News |
Chart | C
A N
S L
I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$70.57 |
-1.39
-1.93%
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$71.09
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$72.57
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-2.76% |
328,266
57.79%
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568,000
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Most Recent Note for SMCI - 8/19/2022 12:18:51 PM
Hit yet another new all-time high with a volume-driven gain on the prior session adding to a recently noted spurt higher. Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +223% on +53% sales revenues versus the year ago period, its 3rd 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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SEC |
News |
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A N
S L
I M
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WNS
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
W N S Holdings Ltd Ads
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$88.18 |
+0.58
0.66%
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$88.25
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$91.48
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-3.61% |
103,006
57.87%
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178,000
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Most Recent Note for WNS - 8/19/2022 12:25:26 PM
India-based Commercial Services - Outsourcing firm is perched within striking distance of its all-time high. Last noted with caution in the 7/22/22 mid-day report - "Reported Jun '22 quarterly earnings +18% on +17% sales revenues versus the year ago period. Prior comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Up and down annual earnings (A criteria) history is 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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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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