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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 4TH, 2024
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DOW 40962.93 26 (0.06%) | NASDAQ 17149.5 13.2 (0.08%) | S&P 500 5528.89 -0.04 (0.00%)
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Time of Screening :
9/4/2024 1:09:56 PM Report Released :
9/4/2024 1:32:38 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 65% 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 |
MMYT
- NASDAQ
Makemytrip Ltd
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$91.93
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+3.31
3.74%
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$92.72
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677,968
101.34% of 50 DAV
50 DAV is 669,000
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$101.50
-9.43%
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7/23/2024 |
$96.92
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PP = $93.39
MB = $98.06 |
Most Recent Note - 9/4/2024 1:22:34 PM
Y - Today's volume-driven gain has it rebounding above its 50 DMA line ($91.03) helping its outlook improve and its color code is changed to yellow. Faces near-term resistance up to the $100 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2024. 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 |
CB
- NYSE - INSURANCE - Property & Casualty Insurance
Chubb Corp
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$289.30 |
+2.60
0.91%
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$291.64
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$288.51
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0.27% |
915,293
65.90%
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1,389,000
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Most Recent Note for CB - 9/4/2024 1:12:22 PM
Rallying to a new 52-week high with today's 6th consecutive gain. Reported Jun '24 quarterly earnings +9% on +17% sales revenues versus the year-ago period. Fundamental concerns remain. Noted with caution in prior mid-day reports - " Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$216.92 |
-15.21
-6.55%
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$220.13
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$239.30
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-9.35% |
2,317,520
235.04%
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986,000
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Most Recent Note for DKS - 9/4/2024 1:15:07 PM
Retreating from its all-time high it gapped down today for a big volume-driven loss testing its 50 DMA line ($214.68). Reported Jul '24 quarterly earnings +55% on +8% sales revenues versus the year ago period. Prior earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history had a downturn in FY '23.
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SEC |
News |
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A N
S L
I M
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ELMD
- AMEX - Medical-Systems/Equip
Electromed Inc
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$16.89 |
-0.36
-2.09%
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$17.42
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$18.60
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-9.19% |
33,882
141.18%
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24,000
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Most Recent Note for ELMD - 9/4/2024 1:16:17 PM
Recently rebounded toward its 52-week high with volume-driven gains after testing support at its 200 DMA line. Reported Jun '24 quarterly earnings +67% on +9% sales revenue versus the tear-ago period, its 6th quarterly comparison well above the fact-based system's +25% minimum guideline (C criteria). Annual earnings (A criteria) history has ben improving after a downturn in FY '21 and '22.
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SEC |
News |
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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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$25.27 |
-0.32
-1.25%
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$25.55
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$26.50
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-4.64% |
1,388,249
101.93%
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1,362,000
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Most Recent Note for QFIN - 9/4/2024 1:24:17 PM
Pulling back from its 52-week high following recent volume-driven gains. 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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SN
- NYSE - ENERGY - Independent Oil & Gas
Sanchez Energy Corp
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$97.64 |
+2.47
2.60%
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$98.33
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$96.73
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0.94% |
1,501,886
111.25%
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1,350,000
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Most Recent Note for SN - 9/4/2024 1:26:20 PM
Extended from any sound base and hitting yet another new all-time high today. Stubbornly holding its ground in recent weeks while making progress since rebounding above its 50 DMA line with a big gap up and volume-driven gain on 8/08/24. Prior mid-day reports noted - "Reported Jun '24 quarterly earnings +51% on +31% sales, and 3 of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23."
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A N
S L
I M
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USFD
- NYSE - WHOLESALE - Food Wholesale
US Foods Holding Corp
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$58.57 |
-0.20
-0.34%
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$58.74
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$59.79
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-2.04% |
1,278,241
69.93%
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1,828,000
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Most Recent Note for USFD - 9/4/2024 1:29:04 PM
Hovering near its all-time high following noted volume-driven gains. Last noted with caution in the 8/15/24 mid-day report - <i>"Through Jun '24 quarterly comparisons have not shown strong and steady earnings growth above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down."</i>
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SEC |
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A N
S L
I M
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VIST
- NYSE - Oil&Gas-Intl Expl&Prod
Vista Energy SAB de CV
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$50.16 |
+1.07
2.18%
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$51.60
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$52.47
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-4.40% |
710,610
122.10%
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582,000
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Most Recent Note for VIST - 9/4/2024 1:31:19 PM
Hovering at its all-time high following recently noted volume-driven gains. Rallied impressively from support at its 200 DMA line in recent weeks. Reported Jun '23 quarterly earnings +168% on +66% sales revenues versus the year-ago period. Mexico-based Oil & Gas firm has not shown strong and steady quarterly comparisons. After big losses in prior years, it had profitable results in FY '21 and '22.
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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
an offer or solicitation on our part with respect to
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likewise used for identification purposes only.
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