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 MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 23RD, 2024
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DOW 37909.86 -91.95 (-0.24%) | NASDAQ 15398.32 38.03 (0.25%) | S&P 500 4858.83 8.4 (0.17%)
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Time of Screening :
1/23/2024 3:21:11 PM Report Released :
1/23/2024 3:41:56 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 150% 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 |
PCAR
- NASDAQ
Paccar Inc
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$100.35
|
+3.26
3.36%
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$100.37
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4,071,304
187.44% of 50 DAV
50 DAV is 2,172,000
|
$98.47
1.91%
|
1/23/2024 |
$100.35
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PP = $98.57
MB = $103.50 |
Most Recent Note - 1/23/2024 3:39:33 PM
Y - Color code is changed to yellow with today's gain for a new 52-week high clearing the pivot point with a volume-driven gain. Reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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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 |
ACU
- AMEX - HEALTH SERVICES - Medical Instruments & Supplies
Acme United Corp
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$49.90 |
-0.10
-0.20%
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$50.69
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$50.99
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-2.14% |
30,227
177.81%
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17,000
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Most Recent Note for ACU - 1/23/2024 3:23:33 PM
Perched at its all-time high today following 6 consecutive volume-driven gains. Reported improved quarterly earnings in the 3 latest comparisons through Sep '23 but with subpar sales revenues growth. Annual earnings (A criteria) history had a big downturn in FY '22, not a match with the fundamental guidelines of the fact-based investment system.
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SEC |
News |
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A N
S L
I M
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AGYS
- NASDAQ - Computer-Integrated Syst
Agilysys Inc
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$86.41 |
-0.31
-0.35%
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$89.94
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$91.61
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-5.68% |
451,704
259.60%
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174,000
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Most Recent Note for AGYS - 1/23/2024 3:25:05 PM
Rebounding toward its all-time high. Reported strong Dec '23 quarterly results. Earnings in the 3 quarterly comparisons through Sep '23 were below the +25% minimum guideline (C criteria). After years of losses it had profitable results in FY '20-22."
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SEC |
News |
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A N
S L
I M
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BGC
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
General Cable Corp
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$7.26 |
+0.23
3.20%
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$7.45
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$7.32
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-0.89% |
3,918,384
169.77%
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2,308,000
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Most Recent Note for BGC - 1/23/2024 3:28:41 PM
Hitting new multi-year highs with a volume-driven gain. Noted in prior mid-day reports - "Fundamental concerns remain."
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SEC |
News |
Chart | C
A N
S L
I M
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CNM
- NYSE - Bldg-Constr Prds/Misc
Core & Main Inc Cl A
|
$41.92 |
+0.12
0.29%
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$42.30
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$41.82
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0.24% |
6,648,114
187.06%
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3,554,000
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Most Recent Note for CNM - 1/23/2024 3:30:03 PM
Hitting a new 52-week high, extended from any sound base. Reported Oct '23 quarterly earnings +0% on +0% sales revenues versus the year-ago period, its 4th subpar quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21.
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SEC |
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A N
S L
I M
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DHI
- NYSE - Bldg-Resident/Comml
D R Horton Inc
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$142.93 |
-14.77
-9.37%
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$151.00
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$157.93
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-9.50% |
8,546,896
348.71%
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2,451,000
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Most Recent Note for DHI - 1/23/2024 3:31:47 PM
Retreating from its all-time high with today's gap down and volume-driven loss. Reported Dec '23 quarterly earnings +2% on +6% sales revenues versus the year-ago period and prior quarterly results were subpar. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22.
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A N
S L
I M
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EWBC
- NASDAQ - BANKING - Regional - Pacific Banks
East West Bancorp Inc
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$74.07 |
+1.15
1.58%
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$74.10
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$80.98
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-8.53% |
1,543,087
153.85%
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1,003,000
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Most Recent Note for EWBC - 1/23/2024 3:32:40 PM
Perched near its 52-week high. Reported earnings -3% on +3% sales revenues for the Sep '23 quarter versus the year ago period. Fundamentals are not a good match with the fact-based investment system's guidelines.
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A N
S L
I M
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FOR
- NYSE - Real Estate Dvlpmt/Ops
Forestar Group Inc
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$32.86 |
-1.91
-5.49%
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$38.73
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$35.30
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-6.91% |
256,535
151.80%
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169,000
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Most Recent Note for FOR - 1/23/2024 3:34:18 PM
Hit a new 52-week high today but reversed into the red for a volume-driven loss. Reported stronger Sep and Dec '23 quarterly results but prior quarterly earnings increases were below the +25% minimum earnings guideline (C criteria) and 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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LOGI
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Logitech Intl Sa
|
$85.47 |
-10.46
-10.90%
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$87.15
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$96.66
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-11.58% |
2,271,941
678.19%
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335,000
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Most Recent Note for LOGI - 1/23/2024 3:36:23 PM
Gapped down today violating its 50 DMA line, abruptly retreating from its 52-week high. Reported Dec '23 quarterly earnings +34% on -1% sales revenues versus the year ago period. Fundamentals deteriorated and it went through a deep consolidation since dropped from the Featured Stocks list on 8/03/21 when noted with caution.
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A N
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I M
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NFLX
- NASDAQ - SPECIALTY RETAIL - Music & Video Stores
Netflix Inc
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$489.25 |
+3.54
0.73%
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$493.79
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$503.41
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-2.81% |
7,900,270
200.82%
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3,934,000
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Most Recent Note for NFLX - 1/23/2024 3:36:32 PM
Hovering near its 52-week high and above its 50 DMA line. Prior mid-day reports noted - "Through the Sep '23 quarter its earnings increases have been below the +25% minimum earnings guideline (C criteria), not a match with the winning models of the fact-based investment system. Annual earnings (A criteria) history had a downturn in FY '22. It was dropped from the Featured Stocks list on 10/30/20."
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A N
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I M
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NS
- NYSE - ENERGY - Oil &; Gas Pipelines
Nustar Energy Lp
|
$21.16 |
-0.17
-0.77%
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$21.40
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$21.52
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-1.70% |
1,834,945
229.37%
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800,000
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Most Recent Note for NS - 1/23/2024 3:37:04 PM
Gapped up on the prior session and powered to a new 52-week high. Sales revenues growth has been subpar. Quarterly and annual earnings (C and A criteria) history 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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PWR
- NYSE - MATERIALS & CONSTRUCTION - General Contractors
Quanta Services Inc
|
$195.89 |
-7.57
-3.72%
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$204.46
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$219.17
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-10.62% |
2,552,835
252.76%
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1,010,000
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Most Recent Note for PWR - 1/23/2024 3:40:52 PM
Violated its 50 DMA line with today's big volume-driven loss. Quarterly comparisons haver not been strong and steady above the +25% minimum earnings guideline (C criteria). It made gradual progress since dropped from the Featured Stocks list on 9/23/22.
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I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
|
$451.96 |
+15.72
3.60%
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$454.35
|
$485.86
|
-6.98% |
7,722,805
196.41%
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3,932,000
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Most Recent Note for SMCI - 1/23/2024 3:41:14 PM
Powered to a new all-time high with 3 big volume-driven gains. Recently rallied from its 50 DMA line ($296.63). Noted in prior mid-day reports - "Reported Sep '23 quarterly earnings +0% on +14% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were well below the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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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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