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 MIDDAY BREAKOUTS REPORT - FRIDAY, DECEMBER 3RD, 2021
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DOW 34462.83 -176.96 (-0.51%) | NASDAQ 14993.99 -387.32 (-2.52%) | S&P 500 4518.32 -58.78 (-1.28%)
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Time of Screening :
12/3/2021 12:33:46 PM Report Released :
12/3/2021 1:06:48 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 75% 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 |
MIME
- NASDAQ
Mimecast Limited
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$73.85
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-4.46
-5.70%
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$79.02
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505,812
89.37% of 50 DAV
50 DAV is 566,000
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$85.48
-13.61%
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10/18/2021 |
$68.17
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PP = $71.55
MB = $75.13 |
Most Recent Note - 12/3/2021 12:48:22 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level with today's loss. Testing near its 50 DMA line ($72.89) and prior highs in the $71 area which define important near-term support to watch. More damaging losses would raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2021. Click here.
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SEC |
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A N
S L
I M
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WDAY
- NYSE
Workday Inc Cl A
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$263.32
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-3.34
-1.25%
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$269.98
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1,307,976
82.52% of 50 DAV
50 DAV is 1,585,000
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$307.81
-14.45%
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9/7/2021 |
$275.69
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PP = $282.87
MB = $297.01 |
Most Recent Note - 12/3/2021 1:05:12 PM
G - Color code is changed to green after slumping below prior highs in the $278-282 area and further below its 50 DMA line. Damaging losses noted triggered a technical sell signal. Its Relative Strength Rating has slumped to 78, below the 80+ minimum guideline for buy candidates. A rebound above the 50 DMA line is needed for its outlook to improve. Reported Oct '21 quarterly earnings +28% on +20% sales revenues versus the year ago period. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2021. Click here.
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SEC |
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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 |
ADBE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Adobe Systems Inc
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$612.30 |
-59.58
-8.87%
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$662.09
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$699.54
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-12.47% |
3,603,929
158.48%
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2,274,000
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Most Recent Note for ADBE - 12/3/2021 12:36:50 PM
Violating its 50 DMA line ($632) with today's big volume-driven loss. Made choppy progress after a technical breakout in June. Reported Aug '21 quarterly earnings +21% on +22% sales revenues versus the year ago period. Prior quarterly comparisons were very near or above the +25% minimum earnings guideline (C criteria).
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SEC |
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A N
S L
I M
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AOSL
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Alpha & Omega Semicondtr
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$49.31 |
-2.19
-4.25%
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$53.66
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$53.98
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-8.65% |
385,085
102.14%
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377,000
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Most Recent Note for AOSL - 12/3/2021 12:37:46 PM
Pulling back today after powering to new all-time highs with 4 consecutive volume-driven gains. Noted in prior mid-day reports - "Held its ground following 6 consecutive volume-driven gains, rallying from an 8-month base. Quarterly results through Sep '21 versus the year ago periods have shown strong sales revenues and earnings increases above the +25% minimum guideline. There was a big downturn in FY '20 earnings which is not a match with the fact-based investment system's strict fundamental guideline (A criteria)."
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A N
S L
I M
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BMO
- NYSE - BANKING - Money Center Banks
Bank Of Montreal Quebec
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$106.90 |
+1.72
1.64%
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$109.76
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$112.56
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-5.03% |
697,580
124.12%
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562,000
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Most Recent Note for BMO - 12/3/2021 12:39:17 PM
Rebounding after briefly undercutting its 50 DMA line and remains near its all-time high. Fundamental concerns remain.
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A N
S L
I M
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CPF
- NYSE - BANKING - Regional - Pacific Banks
Central Pacific Finl Cp
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$28.02 |
+0.21
0.76%
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$28.18
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$29.15
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-3.88% |
89,433
77.10%
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116,000
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Most Recent Note for CPF - 12/3/2021 12:40:19 PM
Fundamentals are not a match with the fact-based investment system's guidelines.
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A N
S L
I M
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LIN
- NYSE - Chemicals-Specialty
Linde Plc
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$321.25 |
-2.75
-0.85%
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$327.00
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$340.16
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-5.56% |
1,198,578
82.43%
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1,454,000
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Most Recent Note for LIN - 12/3/2021 12:45:48 PM
This UK-based Chemicals - Specialty firm is extended from any sound base and consolidating above its 50 DMA line near its all-time high. Through Sep '21 its 3 latest quarterly earnings comparisons versus the year ago periods were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been steady.
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A N
S L
I M
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NICE
- NASDAQ - Computer Sftwr-Security
Nice Ltd Adr
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$283.12 |
-10.79
-3.67%
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$298.64
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$319.88
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-11.49% |
178,184
80.26%
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222,000
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Most Recent Note for NICE - 12/3/2021 12:49:56 PM
This Israel-based Computer Software - Security firm recently pulled back from its all-time high testing support near its 50 DMA line ($283). Fundamental concerns remain. Reported Sep '21 quarterly earnings +19% on +20% sales revenues versus the year ago period. Prior quarterly earnings history has been below the +25% minimum guideline (C criteria).
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A N
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I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$303.39 |
-17.87
-5.56%
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$321.29
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$346.47
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-12.43% |
28,048,370
76.94%
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36,454,000
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Most Recent Note for NVDA - 12/3/2021 12:52:31 PM
Churning higher volume in recent weeks without making meaningful price progress and there was another noted "negative reversal" on 11/22/21 at its all-time high. Reported Oct '21 quarterly earnings +60% on +50% sales revenues versus the year ago period, marking its 8th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). However, it was the 2nd quarter showing a 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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ON
- NASDAQ - Elec-Semiconductor Mfg
O N Semiconductor Corp
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$62.98 |
+0.44
0.70%
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$65.99
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$65.47
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-3.81% |
4,899,032
84.02%
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5,831,000
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Most Recent Note for ON - 12/3/2021 12:54:54 PM
Gapped up today hitting new all-time highs with its 3rd consecutive gain, getting more extended from any sound base. Bullish action came after it reported Sep '21 quarterly earnings +222% on +32% sales revenues versus the year ago period, marking its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Stubbornly held its ground and made gradual progress since last noted with caution in the 11/02/21 mid-day report - "Annual earnings (A criteria) history has been up and down, not strong and steady."
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I M
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ROK
- NYSE - Electrical-Power/Equipmt
Rockwell Automation Inc
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$343.07 |
-0.59
-0.17%
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$346.44
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$353.43
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-2.93% |
396,179
75.46%
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525,000
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Most Recent Note for ROK - 12/3/2021 12:55:37 PM
Making its 2nd consecutive mid-day report appearance hovering near its 52-week and all-time highs. Reported earnings +21% on +15% sales revenues for the Sep '21 quarter. Prior earnings history was not strong and steady above the +25% minimum earnings guideline (C criteria).
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SGH
- NASDAQ - Computer-Data Storage
Smart Global Holdings
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$57.00 |
-1.60
-2.73%
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$63.15
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$60.75
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-6.17% |
379,660
76.70%
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495,000
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Most Recent Note for SGH - 12/3/2021 12:57:31 PM
Reversed into the red after hitting a new 52-week high with today's early gain. Last noted 11/10/21 in the mid-day report - "Priced a Secondary Offering on 7/09/21. Reported +163% earnings on +57% sales revenues for the Aug '21 quarter versus the year ago period, its 6th consecutive strong quarterly earnings comparison above the +25% minimum guideline (C criteria). Its up and down annual earnings history (A criteria) remains a concern, fundamentally. Has a new CEO as of 8/31/20. Completed its $121 IPO on 5/24/17 and completed a Secondary Offering on 11/30/17."
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SIMO
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
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$74.36 |
+2.26
3.14%
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$76.00
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$81.87
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-9.17% |
364,200
154.98%
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235,000
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Most Recent Note for SIMO - 12/3/2021 12:59:05 PM
Posting a 3rd consecutive gain today with ever-increasing volume. Found support above its 200 DMA line ($67.47) but it faces near-term resistance up to its 52-week high in the $81 area. Reported earnings +124% on +102% sales revenues for the Sep '21 quarter versus the year ago period, marking its 3rd quarterly comparison above the +25% minimum guideline (C criteria). Noted in prior mid-day reports - "Up and down annual earnings (A criteria) was previously noted as a flaw with respect to the fundamental guidelines of the fact-based investment system."
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SOTK
- NASDAQ - Machinery-Gen Industrial
Sono Tek Corp
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$6.36 |
-0.10
-1.51%
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$7.22
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$6.90
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-7.79% |
145,325
139.74%
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104,000
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Most Recent Note for SOTK - 12/3/2021 1:00:39 PM
Hit a new high with today's volume-driven gain. Noted with caution in prior mid-day reports - "Prior history is limited and showed sub par sales revenues and earnings increases."
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STM
- NYSE - ELECTRONICS - Semiconductor - Broad Line
Stmicroelectronics N V
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$46.88 |
-1.10
-2.29%
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$48.12
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$52.15
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-10.11% |
1,459,582
76.18%
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1,916,000
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Most Recent Note for STM - 12/3/2021 1:01:43 PM
Perched near its 52-week high and consolidating above its 50 DMA line ($46.61) after a spurt of volume-driven losses. This Switzerland-based manufacturer of Semiconductor products reported earnings +96% on +20% sales revenues for the Sep '21 quarter versus the year ago period, its 4th consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been erratic and not a great match with the guidelines of the fact-based investment system.
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XLNX
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Xilinx Inc
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$215.00 |
-3.70
-1.69%
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$229.40
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$239.79
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-10.34% |
1,971,884
83.31%
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2,367,000
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Most Recent Note for XLNX - 12/3/2021 1:06:17 PM
On track today for a 4th consecutive loss with above average volume after a "negative reversal" at its all-time high. Very extended from any sound base. Earnings increases in the 2 most recent quarterly comparisons through Sep '21 have been above the +25% guideline (C criteria) with stronger sales revenues growth. Annual earnings (A criteria) history has been up and down, not strong and steady.
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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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