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 MIDDAY BREAKOUTS REPORT - TUESDAY, NOVEMBER 28TH, 2023
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DOW 35505.8 172.33 (0.49%) | NASDAQ 14288.49 47.47 (0.33%) | S&P 500 4565.66 15.23 (0.33%)
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Time of Screening :
11/28/2023 12:11:06 PM Report Released :
11/28/2023 12:44:05 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 |
|
Max Buy |
NVO
- NYSE
Novo Nordisk A/S Adr
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$101.47
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-2.40
-2.31%
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$102.25
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2,902,312
59.78% of 50 DAV
50 DAV is 4,855,000
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$105.69
-3.99%
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11/2/2023 |
$100.97
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PP = $104.10
MB = $109.31 |
Most Recent Note - 11/28/2023 12:35:59 PM
Y - Pulling back from its 52-week high with today's gap down. Found prompt support at its 50 DMA line ($97.11) when recently consolidating. It has been repeatedly noted - "Subsequent gains for new highs backed by at least +40% above average volume are needed to trigger a technical buy signal."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2023. Click here.
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SEC |
News |
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A N
S L
I M
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PANW
- NYSE
Palo Alto Networks
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$276.54
|
+7.45
2.77%
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$277.47
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2,989,473
82.65% of 50 DAV
50 DAV is 3,617,000
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$273.90
0.96%
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11/13/2023 |
$255.90
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PP = $266.00
MB = $279.30 |
Most Recent Note - 11/28/2023 12:37:43 PM
Y - Today's 3rd consecutive gain with increasing volume has it hitting another new all-time high. Recently noted - "Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Recovered quickly above its 50 DMA line after testing the prior low ($233.81 on 11/06/23) last week. Fundamentals remain strong after it reported Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period."
>>> The latest Featured Stock Update with an annotated graph appeared on 11/13/2023. Click here.
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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 |
AGI
- NYSE - Mining-Gold/Silver/Gems
Alamos Gold Inc
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$14.31 |
+0.25
1.74%
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$14.35
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$14.33
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-0.17% |
1,706,262
64.48%
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2,646,000
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Most Recent Note for AGI - 11/28/2023 12:12:00 PM
Hitting a new 52-week high with today's 6th consecutive gain marked by volume. Reported strong Mar, Jun, and Sep '23 quarterly results after many subpar quarters. Prior mid-day reports cautioned members - "Earnings history is not a match with the fact-based investment system's fundamental guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$945.95 |
-4.29
-0.45%
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$950.86
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$999.87
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-5.39% |
1,449,755
63.01%
|
2,301,000
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Most Recent Note for AVGO - 11/28/2023 12:13:14 PM
Consolidating after recently wedging to new all-time highs. Prior mid-day reports cautioned members - "Reported earnings +8% on +5% sales revenues for the Jul '23 quarter versus the year ago period, its 3rd subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong."
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A N
S L
I M
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BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.38 |
+0.21
2.24%
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$9.40
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$9.39
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-0.16% |
675,964
57.92%
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1,167,000
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Most Recent Note for BBVA - 11/28/2023 12:14:14 PM
Extended from any sound base and hitting another new 52-week high today. Stubbornly holding its ground after an 11/14/23 gap up gain. Reported Sep '23 quarterly earnings +27% on +31% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline. This Spanish banking firm's annual earnings growth has been strong after a downturn in FY '20.
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A N
S L
I M
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CRH
- NYSE - Bldg-Cement/Concrt/Ag
C R H Plc Adr
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$62.08 |
+0.11
0.18%
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$62.24
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$62.35
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-0.43% |
2,746,904
67.39%
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4,076,000
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Most Recent Note for CRH - 11/28/2023 12:14:30 PM
Perched at its all-time high. Irish Building - Cement firm has an erratic earnings (C and A criteria) history. Fundamental concerns remain.
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SEC |
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A N
S L
I M
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DSGX
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Descartes Systems Group
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$81.46 |
+0.34
0.42%
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$81.56
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$82.38
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-1.12% |
120,285
94.71%
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127,000
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Most Recent Note for DSGX - 11/28/2023 12:18:50 PM
Consolidating after reaching a new 52-week high. Reported Jul '23 quarterly earnings +19% on +17% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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SEC |
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A N
S L
I M
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ELTK
- NASDAQ - ELECTRONICS - Printed Circuit Boards
Eltek Ltd
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$12.32 |
-0.85
-6.46%
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$13.22
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$14.23
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-13.43% |
60,134
103.68%
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58,000
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Most Recent Note for ELTK - 11/28/2023 12:19:51 PM
Israel-based maker of circuit boards is pulling back after hitting a new 52-week high with recently noted volume-driven gains. Reported Sep '23 quarterly earnings +112% on +15% sales revenues versus the year-ago period. Prior highs in the $11 area define initial support above its 50 DMA line ($10.38). Earnings increases in the 3 latest quarterly comparisons were above the +25% minimum guideline (C criteria) but fundamental concerns remain after a downturn in FY '22 earnings (A criteria).
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GLOB
- NYSE - Computer-Tech Services
Globant SA
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$216.82 |
+0.11
0.05%
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$219.33
|
$218.92
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-0.96% |
254,110
63.37%
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401,000
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Most Recent Note for GLOB - 11/28/2023 12:22:30 PM
Perched at its 52-week high. Stubbornly held its ground and made gradual progress after a noted gap up on 11/17/23 rebounding above its 50 DMA line ($191). Reported Sep '23 quarterly earnings +17% on +19% sales revenues versus the year ago period, its 3rd quarterly comparison below +25% minimum earnings guideline (C criteria). Dropped from the Featured Stocks list on 2/27/20. Completed a new Public Offering on 6/05/20.
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A N
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I M
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GRVY
- NASDAQ - Computer Sftwr-Gaming
Gravity Co Ltd Ads
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$72.50 |
+1.84
2.60%
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$74.00
|
$82.48
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-12.10% |
26,118
163.24%
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16,000
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Most Recent Note for GRVY - 11/28/2023 12:27:36 PM
This Korean Computer Software firm is above its 50 DMA line and adding to recent volume-driven gains but faces resistance due to overhead supply up to the $82 level. Reported very strong Dec '22, Mar, Jun, and Sep '23 results versus the year-ago periods.
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A N
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I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
|
$6.17 |
+0.27
4.58%
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$6.20
|
$6.11
|
0.98% |
3,057,814
65.65%
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4,658,000
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Most Recent Note for HMY - 11/28/2023 12:31:00 PM
Gapped up today hitting new multi-year highs. Quarterly and annual earnings history (C and A criteria) and sales revenues growth is not a match with the fact-based investment system's fundamental guidelines.
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A N
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I M
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KGC
- NYSE - METALS & MINING - Gold
Kinross Gold Corp
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$5.87 |
+0.16
2.80%
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$5.89
|
$5.89
|
-0.34% |
8,968,528
71.85%
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12,483,000
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Most Recent Note for KGC - 11/28/2023 12:32:35 PM
Rising steadily above its May '23 high with today's 6th consecutive gain. Reported Sep '23 quarterly earnings +140% on +29% sales revenues versus the year ago period. The 5 latest quarterly earnings increases have been well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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I M
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NGVC
- NYSE - RETAIL - Grocery Stores
Nat Grocers Vit Cottage
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$16.75 |
-0.25
-1.47%
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$16.89
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$17.49
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-4.23% |
44,885
121.31%
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37,000
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Most Recent Note for NGVC - 11/28/2023 12:33:47 PM
Holding its ground stubbornly after volume-driven gains were recently noted while powering to new 52-week highs. Reported earnings +189% on +8% sales revenues for the Sep '23 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) with subpar sales revenues growth.
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I M
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SHOP
- NYSE - Computer Sftwr-Enterprse
Shopify Inc
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$73.02 |
-0.77
-1.04%
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$74.22
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$74.47
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-1.95% |
7,301,241
60.30%
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12,109,000
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Most Recent Note for SHOP - 11/28/2023 12:39:11 PM
Rallied above prior highs to a new 52-week high with a volume-driven gain on the prior session when noted with caution in the mid-day report - "Reported Sep '23 quarterly earnings of 24 cents per share versus a loss of 2 cents per share on +25% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons and annual earnings history is below the fundamental guidelines (C and A criteria) of the fact-based investment system. Went through a long deep consolidation after dropped from the Featured Stocks list on 9/28/21."
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SN
- NYSE - ENERGY - Independent Oil & Gas
Sanchez Energy Corp
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$48.21 |
+1.58
3.39%
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$48.84
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$52.90
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-8.87% |
563,207
65.64%
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858,000
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Most Recent Note for SN - 11/28/2023 12:40:14 PM
Posting another gain today and poised for a new best-ever close since trading on the NYSE began on 7/31/23. Reported strong Jun and Sep '23 quarterly results versus the year-ago periods, but prior earnings history leaves fundamental concerns.
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TIMB
- NYSE - Telecom Svcs- Foreign
TIMSA Ads
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$17.61 |
+0.41
2.35%
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$17.63
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$18.03
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-2.36% |
275,350
65.09%
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423,000
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Most Recent Note for TIMB - 11/28/2023 12:41:32 PM
Hovering near its 52-week high after volume-driven gains. Brazilian Telecom firm reported strong Jun and Sep '23 earnings results but its prior history is not a match with the fundamental guidelines of the fact-based investment system.
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YALA
- NYSE - INTERNET - Content
Yalla Group Ltd Ads
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$5.82 |
+0.12
2.11%
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$5.85
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$6.38
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-8.78% |
246,444
140.03%
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176,000
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Most Recent Note for YALA - 11/28/2023 12:42:24 PM
Consolidating after hitting new multi-year highs last week with volume-driven gains. Noted with caution in prior mid-day reports - "Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm."
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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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