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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, OCTOBER 2ND, 2024
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DOW 42156.97 -173.18 (-0.41%) | NASDAQ 17924.59 14.23 (0.08%) | S&P 500 5705.62 -3.13 (-0.05%)
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Time of Screening :
10/2/2024 1:50:03 PM Report Released :
10/2/2024 2:08:43 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 90% 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 |
MELI
- NASDAQ
Mercadolibre Inc
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$1,975.26
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-90.86
-4.40%
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$2,015.42
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296,450
92.93% of 50 DAV
50 DAV is 319,000
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$2,161.73
-8.63%
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8/5/2024 |
$1,793.73
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PP = $1,792.15
MB = $1,881.76 |
Most Recent Note - 10/2/2024 1:58:34 PM
G - Gapped down today undercutting its prior low ($1,966) and testing its 50 DMA line ($1,954) which defines important near-term support. More damaaging losses would raise concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2024. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NGVC
- NYSE
Nat Grocers Vit Cottage
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$26.28
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-3.16
-10.74%
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$28.81
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120,225
132.12% of 50 DAV
50 DAV is 91,000
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$30.32
-13.33%
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9/5/2024 |
$27.91
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PP = $27.60
MB = $28.98 |
Most Recent Note - 10/2/2024 2:03:17 PM
G - Pulling back abruptly for a big loss today with above-average volume undercutting its pivot point and testing its 50 DMA line ($26.18) which defines important support. More damaging losses would raise greater concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2024. 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 |
ALSN
- NYSE - Auto/Truck-Original Eqp
Allison Transmission Hld
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$97.79 |
+0.33
0.33%
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$98.03
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$98.00
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-0.22% |
561,876
95.23%
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590,000
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Most Recent Note for ALSN - 10/2/2024 1:50:50 PM
Hovering at its all-time high after an impressive streak of gains. Reported earnings +11% on +4% sales revenues for the Jun '24 quarter versus the year-ago period, and 3 of the 4 latest quarters had earnings increases below the +25% minimum guideline (C criteria). Downturn in FY '20 annual earnings (A criteria) was noted as a concern regarding the fact-based investment system's strict fundamental guidelines.
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SEC |
News |
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A N
S L
I M
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APO
- NYSE - REAL ESTATE - Property Management/Developmen
Apollo Global Management
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$134.95 |
+2.94
2.23%
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$135.29
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$133.05
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1.43% |
3,170,172
101.80%
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3,114,000
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Most Recent Note for APO - 10/2/2024 1:51:42 PM
Today's 2nd volume-driven gain has it hitting new all-time highs. Reported Jun '24 quarterly earnings -4% on -56% sales revenues versus the year ago period, well below the +25% minimum guideline (C criteria). Prior quarterly comparisons versus the year-ago periods and its up and down annual earnings (A criteria) history do not match with the fact-based investment system's fundamental guidelines.
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SEC |
News |
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A N
S L
I M
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AYI
- NYSE - WHOLESALE - Electronics Wholesale
Acuity Brands Inc
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$300.27 |
+0.92
0.31%
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$302.87
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$303.04
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-0.91% |
212,503
97.48%
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218,000
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Most Recent Note for AYI - 10/2/2024 1:53:08 PM
Hit a new all-time high with a big "breakaway gap" on the prior session and on track today for a 5th consecutive volume-driven gain. Reported Aug '24 quarterly earnings +8% on +2% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria)."
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SEC |
News |
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A N
S L
I M
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CHCI
- NASDAQ - Bldg-Resident/Comml
Comstock Holding Cl A
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$10.05 |
-0.05
-0.45%
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$10.24
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$10.22
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-1.66% |
26,983
142.02%
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19,000
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Most Recent Note for CHCI - 10/2/2024 1:53:44 PM
Perched at multi-year highs after a noted spurt of volume-driven gains. Reported Jun '24 quarterly earnings +80% on +20% sales revenues versus the year-ago period, its 4th quarterly comparison above the +25% minimum earnings guideline. Fundamental concerns remain due to downturn in FY '22 and '23 earnings (A criteria).
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SEC |
News |
Chart | C
A N
S L
I M
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ELMD
- AMEX - Medical-Systems/Equip
Electromed Inc
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$21.48 |
+0.58
2.78%
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$22.23
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$21.47
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0.05% |
120,485
219.06%
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55,000
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Most Recent Note for ELMD - 10/2/2024 1:54:48 PM
Hitting a new 52-week high with today's gain adding to a noted spurt of gains backed by above-average volume. Made steady progress since recently testing support at its 200 DMA line. Reported Jun '24 quarterly earnings +67% on +9% sales revenues 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 |
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A N
S L
I M
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FUTU
- NASDAQ - Finance-Invest Bnk/Bkrs
Futu Holdings Cl A Ads
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$110.01 |
+2.47
2.29%
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$127.33
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$108.60
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1.29% |
21,170,746
994.40%
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2,129,000
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Most Recent Note for FUTU - 10/2/2024 1:55:31 PM
Powering to new multi-year highs with today's 8th consecutive big volume-driven gain. Reported Jun '24 quarterly earnings +9% on +26% sales revenues versus the year ago period. Prior quarterly earnings were also below (C criteria) the +25% minimum earnings guideline. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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A N
S L
I M
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JD
- NASDAQ - Retail-Internet
JD.com Inc Cl A Ads
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$44.52 |
+1.59
3.69%
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$46.64
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$43.00
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3.52% |
43,917,436
254.62%
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17,248,000
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Most Recent Note for JD - 10/2/2024 1:56:52 PM
Up again today for a 5th consecutive volume-driven gain, perched at its 52-week high. This Chinese retailer's prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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SEC |
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A N
S L
I M
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MLR
- NYSE - AUTOMOTIVE - Auto Parts
Miller Industries Inc
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$61.91 |
+2.05
3.42%
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$63.90
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$69.75
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-11.25% |
129,310
139.04%
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93,000
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Most Recent Note for MLR - 10/2/2024 2:00:35 PM
Gapped up today for a volume-driven gain rebounding above its 50 DMA line ($60.69) and trading above recent highs. Reported Jun '24 quarterly earnings +38% on +24% sales revenues versus the year-ago period, its 8th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a great match with the fundamental guidelines of the fact-based investment system. Went through a significant consolidation after dropped from the Featured Stocks list on 1/16/20.
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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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$32.68 |
+1.82
5.90%
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$32.90
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$31.82
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2.70% |
1,878,383
111.28%
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1,688,000
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Most Recent Note for QFIN - 10/2/2024 2:04:48 PM
Hitting another new 52-week high with today's 5th consecutive volume-driven gain. 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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A N
S L
I M
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TME
- NYSE - INTERNET - Content
Tencent Music Entertainment Group ADS
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$13.48 |
+0.73
5.69%
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$14.05
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$15.77
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-14.55% |
11,661,223
110.03%
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10,598,000
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Most Recent Note for TME - 10/2/2024 2:06:28 PM
Gapped up today. Fundamental concerns remain. Reported Jun '24 quarterly earnings +22% on -2% sales revenues versus the year-ago period. Went through a deep and choppy consolidation since noted with caution on 3/23/21 when hitting a new all-time high. Completed its $13 IPO on 12/12/18.
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A N
S L
I M
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VCTR
- NASDAQ - Finance-Investment Mgmt
Victory Capital Hld
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$55.38 |
+0.62
1.13%
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$56.91
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$56.58
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-2.12% |
348,372
103.99%
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335,000
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Most Recent Note for VCTR - 10/2/2024 2:07:59 PM
Hitting a new 52-week high with today's volume-driven gain. Reported Jun '24 quarterly earnings +20% on +8% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Completed its $13 IPO on 2/08/18.
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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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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