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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, DECEMBER 7TH, 2022
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DOW 33575.65 -20.69 (-0.06%) | NASDAQ 10945.95 -68.94 (-0.63%) | S&P 500 3930.81 -10.45 (-0.27%)
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Time of Screening :
12/7/2022 11:55:41 AM Report Released :
12/7/2022 12:15:53 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 50% 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 |
ENPH
- NASDAQ
Enphase Energy Inc
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$313.13
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+3.40
1.10%
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$316.85
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2,037,897
51.05% of 50 DAV
50 DAV is 3,992,000
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$339.92
-7.88%
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10/26/2022 |
$301.55
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PP = $324.94
MB = $341.19 |
Most Recent Note - 12/7/2022 12:03:40 PM
Y - Holding its ground today after a slump back below its pivot point with a volume-driven loss on the prior session raised concerns. Stalled after hitting a new all-time high on 12/02/22 with a volume-driven gain above its pivot point. Faces no resistance due to overhead supply. Its 50 DMA line ($287) defines near-term support above the recent low ($262.60 on 11/07/22). Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/21/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TITN
- NASDAQ
Titan Machinery Inc
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$39.27
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-0.03
-0.08%
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$40.52
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103,767
55.49% of 50 DAV
50 DAV is 187,000
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$44.35
-11.45%
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11/30/2022 |
$40.10
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PP = $38.68
MB = $40.61 |
Most Recent Note - 12/7/2022 12:13:47 PM
Y - Prior high in the $38 area defines initial support to watch. Pulling back below its "max buy" level and its color code was changed to yellow. On track for a 5th consecutive loss with above average volume after a technical breakout noted on 11/30/22. Fundamentals remain strong after reporting Oct '22 quarterly earnings +91% on +47% sales revenues.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/30/2022. 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 |
ASO
- NASDAQ - Retail-Leisure Products
Academy Sports & Outdoor
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$56.92 |
+7.62
15.46%
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$56.92
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$52.34
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8.75% |
3,465,869
217.30%
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1,595,000
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Most Recent Note for ASO - 12/7/2022 11:58:11 AM
Powering to new 52-week and all-time highs with today's big volume-driven gain after consolidating above its 50 DMA line. Reported Oct '22 quarterly earnings -3% versus the year ago period. Reported Jul and Apr '22 quarterly earnings lower than the year ago periods. Priced a Secondary Offering at a new all-time high on 9/15/21 and an earlier Secondary Offering on 1/29/21. Limited history is a concern since its $13 IPO on 10/02/20.
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SEC |
News |
Chart | C
A N
S L
I M
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AXON
- NASDAQ - Security/Sfty
Axon Enterprise Inc
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$169.16 |
-0.28
-0.16%
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$171.84
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$193.85
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-12.74% |
556,878
100.70%
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553,000
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Most Recent Note for AXON - 12/7/2022 11:58:51 AM
Gapped down on the prior session. Prior mid-day reports cautioned members - "Quarterly comparisons through Sep '22 were not strong and steady above the +25% minimum earnings guideline. Still faces some resistance due to overhead supply up to the $212 level. Went through a deep consolidation since dropped from the Featured Stocks list on 3/04/21."
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SEC |
News |
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A N
S L
I M
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CARE
- NASDAQ - Banks-Southeast
Carter Bankshares Inc
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$18.19 |
-0.03
-0.16%
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$18.32
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$18.84
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-3.45% |
39,042
69.72%
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56,000
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Most Recent Note for CARE - 12/7/2022 12:00:43 PM
Hovering near its 52-week high since last noted with caution in the 11/01/22 mid-day report - "Earnings increases in recent quarterly comparisons through Sep '22 versus the year ago periods showed great earnings improvement. Fundamental concerns remain due to sub par sales revenues growth and erratic annual (A criteria) earnings history."
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A N
S L
I M
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IBEX
- NASDAQ - Computer- Tech Services
Ibex Ltd
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$27.24 |
+0.56
2.10%
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$27.63
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$27.00
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0.89% |
45,632
86.10%
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53,000
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Most Recent Note for IBEX - 12/7/2022 12:04:53 PM
Perched at its all-time high with today's 4th consecutive small volume-driven gain. Held its ground following a noted spurt of volume-driven gains. No resistance remains due to overhead supply. Bermuda-based technology firm reported Sep '22 quarterly earnings +580% on +18% sales revenues versus the year ago period. Reported strong earnings growth in the Mar and Jun '22 quarters versus the year ago periods. Annual earnings history has been strong since its $19 IPO on 8/07/20.
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SEC |
News |
Chart | C
A N
S L
I M
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MMC
- NYSE - INSURANCE - Insurance Brokers
Marsh & Mclennan
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$172.09 |
+0.14
0.08%
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$173.28
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$183.14
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-6.03% |
888,926
51.21%
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1,736,000
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Most Recent Note for MMC - 12/7/2022 12:06:08 PM
Perched within striking distance of its all-time high. Reported Sep '22 quarterly earnings +9% on +4% sales revenues versus the year ago period. Prior earnings growth was not strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons.
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SEC |
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A N
S L
I M
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NDAQ
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Nasdaq Omx Group Inc
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$65.31 |
-1.71
-2.54%
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$67.47
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$70.55
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-7.43% |
1,439,062
72.24%
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1,992,000
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Most Recent Note for NDAQ - 12/7/2022 12:07:54 PM
Pulling back toward its August high with today's 3rd consecutive loss with ever-increasing volume. Made steady progress after last noted with caution in the 11/08/22 mid-day report - "Fundamental concerns remain. Reported earnings +15% on +15% sales revenues for the Sep '22 quarter versus the year ago period. Prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria)."
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A N
S L
I M
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SHEL
- NYSE - Oil&Gas-Integrated
Shell Plc Ads
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$56.39 |
-0.30
-0.52%
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$57.32
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$61.68
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-8.58% |
2,913,342
58.03%
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5,020,000
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Most Recent Note for SHEL - 12/7/2022 12:09:10 PM
Pulling back today for a 5th consecutive small loss, consolidating above its 50 and 200 DMA lines after wedging toward its June high. Past 5 quarterly comparisons through Sep '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down.
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SEC |
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A N
S L
I M
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TIPT
- NASDAQ - Financial Svcs-Specialty
Tiptree Financial Cl A
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$14.53 |
+0.12
0.81%
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$14.75
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$14.49
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0.25% |
34,632
53.28%
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65,000
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Most Recent Note for TIPT - 12/7/2022 12:10:23 PM
Making steady progress in recent weeks. Faces resistance due to overhead supply up to the $17 level and prior mid-day reports have repeatedly noted - "Fundamental concerns remain."
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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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$7.27 |
-0.35
-4.59%
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$7.31
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$7.70
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-5.58% |
11,596,549
101.12%
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11,468,000
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Most Recent Note for TME - 12/7/2022 12:14:15 PM
Recent volume-driven gains have been noted as an impressive spurt. Fundamental concerns remain, as prior mid-day reports repeatedly cautioned members. Reported Sep '22 quarterly earnings +33% on -15% sales revenues versus the year ago period. Noted with caution on 3/23/21 when hitting a new all-time high with its 6th consecutive volume-driven gain. Completed its $13 IPO on 12/12/18.
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A N
S L
I M
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VIPS
- NYSE - Retail-Internet
Vipshop Holdings Ltd Ads
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$12.70 |
-0.08
-0.63%
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$12.76
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$12.78
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-0.63% |
3,494,835
62.45%
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5,596,000
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Most Recent Note for VIPS - 12/7/2022 12:15:45 PM
Pausing today after 7 consecutive volume-driven gains, stubbornly holding its ground and making steady progress. Prior mid-day reports noted - "Reported earnings +57% on -21% sales revenues for the Sep '22 quarter versus the year ago period. Prior quarterly comparisons had earnings below the +25% minimum guideline (C criteria) with waning sales revenues. Went through a deep pullback from its $46 all-time high in Mar '21, a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14."
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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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