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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 31ST, 2024
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DOW 38435.91 -31.4 (-0.08%) | NASDAQ 15284.95 -224.95 (-1.45%) | S&P 500 4881.25 -43.72 (-0.89%)
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Time of Screening :
1/31/2024 11:57:27 AM Report Released :
1/31/2024 12:38:44 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 |
ANET
- NYSE
Arista Networks, Inc
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$259.76
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-12.21
-4.49%
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$267.49
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1,265,118
79.12% of 50 DAV
50 DAV is 1,599,000
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$272.90
-4.82%
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10/31/2023 |
$188.84
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PP = $198.80
MB = $208.74 |
Most Recent Note - 1/31/2024 11:58:48 AM
G - Gapped down today retreating from its all-time high. Extended from any sound base, its 50 DMA line ($237) defines near-term support above the prior low ($226.60 on 1/04/24) area. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/26/2023. Click here.
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A N
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I M
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MANH
- NASDAQ
Manhattan Associates Inc
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$240.57
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+16.79
7.50%
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$258.91
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361,367
86.04% of 50 DAV
50 DAV is 420,000
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$230.61
4.32%
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1/31/2024 |
$240.57
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PP = $230.71
MB = $242.25 |
Most Recent Note - 1/31/2024 12:17:33 PM
Y - Color code is changed to yellow with pivot point cited based on its 11/29/23 high plus 10 cents. Gapped up today hitting a new 52-week high with a volume-driven gain. Earnings increases were above the +25% minimum guideline in the 5 latest quarterly comparisons through Dec '23. Annual earnings growth has been strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 12/23/2015. Click here.
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A N
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I M
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NVO
- NYSE
Novo Nordisk A/S Adr
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$114.56
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+5.54
5.08%
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$115.84
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7,693,332
195.16% of 50 DAV
50 DAV is 3,942,000
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$109.33
4.78%
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11/2/2023 |
$100.97
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PP = $104.10
MB = $109.31 |
Most Recent Note - 1/31/2024 12:27:20 PM
G - Gapped up today rallying to a new all-time high above its "max buy" level, and its color code is changed to green. The recent low ($103.38 on 1/23/24) defines important near-term support nearly coinciding with its 50 DMA line ($103.39).
>>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2024. Click here.
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A N
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.40 |
+0.07
0.70%
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$9.48
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$9.52
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-1.31% |
797,649
79.37%
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1,005,000
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Most Recent Note for BBVA - 1/31/2024 12:00:22 PM
Rebounding near its 52-week high. Volume and volatility often increase near earnings news. Reported Dec '23 quarterly earnings +51% on +14% sales revenues versus the year-ago period, its 4th 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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BSX
- NYSE - HEALTH SERVICES - Medical Instruments & Supplies
Boston Scientific Corp
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$62.94 |
+1.52
2.47%
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$64.49
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$61.47
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2.38% |
4,896,961
79.11%
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6,190,000
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Most Recent Note for BSX - 1/31/2024 12:01:48 PM
Gapped up today for a new all-time high with its 5th consecutive gain. Made steady progress since finding support near its 200 DMA line. Noted with caution in prior mid-day reports - "Reported Sep '23 quarterly earnings +16% on +11% sales revenues versus the year ago period. Prior quarterly earnings increases also were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20."
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CLS
- NYSE - Elec-Contract Mfg
Celestica Inc
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$34.09 |
+1.00
3.02%
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$35.17
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$34.72
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-1.81% |
1,599,118
92.17%
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1,735,000
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Most Recent Note for CLS - 1/31/2024 12:03:22 PM
Hitting a new 52-week high with today's 6th volume-driven gain after finding prompt support near its 50 DMA line. Reported earnings +36% on +5% sales revenues for the Dec '23 quarter versus the year ago period, and 6 of the last 7 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19.
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COR
- NYSE - REAL ESTATE - REIT - Diversified/Industrial
Coresite Realty Corp
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$231.74 |
+11.21
5.08%
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$235.06
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$221.31
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4.71% |
1,269,130
95.42%
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1,330,000
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Most Recent Note for COR - 1/31/2024 12:04:28 PM
Gapped up today rallying to a new all-time high. This REIT reported earnings +21% on +15% sales revenues for the Dec '23 quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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CSWC
- NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity
Capital Southwest Corp
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$25.01 |
-0.65
-2.53%
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$25.62
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$26.17
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-4.43% |
570,576
163.96%
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348,000
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Most Recent Note for CSWC - 1/31/2024 12:07:35 PM
Retreating from its 52-week high with today's volume-driven loss. Reported Dec '23 quarterly earnings +13% on +48% sales revenues versus the year ago period, breaking a streak of increases above the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17.
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CVLT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Commvault Systems Inc
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$91.81 |
+3.74
4.25%
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$92.78
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$92.79
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-1.06% |
257,373
92.58%
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278,000
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Most Recent Note for CVLT - 1/31/2024 12:08:32 PM
Perched at its 52-week high with today's 3rd consecutive volume-driven gain. Reported earnings +26% on +11% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly earnings increases were below the +25% minimum guideline (C criteria).
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FCNCA
- NASDAQ - BANKING - Regional - Mid-Atlantic Banks
First Citizens Bancshs A
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$1,512.07 |
-24.90
-1.62%
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$1,527.79
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$1,551.53
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-2.54% |
59,479
76.26%
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78,000
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Most Recent Note for FCNCA - 1/31/2024 12:10:08 PM
Hit a new 52-week high with volume-driven gains after finding support near its 50 DMA line ($1,433) while building an orderly 5-month base. Reported very strong Jun, Sep, and Dec '23 quarterly results after Mar '23 quarterly earnings (+6%) were below the +25% minimum earnings guideline (C criteria).
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GOOG
- NASDAQ - INTERNET - Internet Information Providers
Google Inc Cl C
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$143.68 |
-9.37
-6.12%
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$145.59
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$155.20
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-7.42% |
19,441,772
91.75%
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21,189,000
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Most Recent Note for GOOG - 1/31/2024 12:11:23 PM
Gapped down today retreating from its 52-week high. Reported Dec '23 quarterly earnings +42% on +13% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 4,526 top-rated institutional investors (I criteria).
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GOOGL
- NASDAQ - INTERNET - Internet Information Providers
Google Inc Cl A
|
$142.09 |
-9.37
-6.19%
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$144.00
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$153.78
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-7.60% |
32,639,564
118.16%
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27,623,000
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Most Recent Note for GOOGL - 1/31/2024 12:12:00 PM
Gapped down today retreating from its 52-week high. Reported Dec '23 quarterly earnings +42% on +13% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons had earnings increases below the +25% minimum guideline (C criteria). This large-cap company is already heavily owned by 7,078 top-rated institutional investors (I criteria).
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KAI
- NYSE - Machinery-Gen Industrial
Kadant Inc
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$287.48 |
+0.28
0.10%
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$288.50
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$289.58
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-0.73% |
94,771
131.63%
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72,000
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Most Recent Note for KAI - 1/31/2024 12:14:17 PM
Perched at its 52-week high with today's 5th consecutive gain. Reported earnings +13% on +9% sales revenues for the Sep '23 quarter versus the year-ago period, its 5th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 annual earnings (A criteria) history, not a great match with the guidelines of the fact-based investment system.
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MGRC
- NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services
Mcgrath Rentcorp
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$125.74 |
-0.69
-0.55%
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$126.97
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$126.77
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-0.81% |
182,337
104.19%
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175,000
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Most Recent Note for MGRC - 1/31/2024 12:18:11 PM
Hit a new all-time high with 2 consecutive volume-driven gains following M&A news. Sep '23 quarterly earnings rose +32% on +16% sales revenues versus the year ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '21.
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MHO
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
M I Homes Inc
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$128.98 |
-6.14
-4.54%
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$130.93
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$140.73
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-8.35% |
256,033
82.33%
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311,000
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Most Recent Note for MHO - 1/31/2024 12:19:42 PM
Gapped down today retreating from its 52-week high testing its 50 DMA line. Reported Dec '23 quarterly earnings -29% on -20% sales revenues versus the year-ago period, its 4th subpar quarter below the +25% minimum earnings guideline (C criteria). Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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MIXT
- NYSE - Computer Sftwr-Enterprse
MiX Telematics Ltd ADS
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$9.09 |
+0.59
6.94%
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$9.14
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$9.29
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-2.15% |
118,948
138.31%
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86,000
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Most Recent Note for MIXT - 1/31/2024 12:20:41 PM
Perched at its 52-week high with today's volume-driven gain. Due to report Dec '23 quarterly results. Prior mid-day reports noted - "This South Africa based Computer Software - Enterprise firm reported earnings +100% on +7% sales revenues for the Sep '23 quarter versus the year-ago period. Prior quarterly earnings increases were also above the +25% minimum guideline (C criteria). Its sales revenues growth rate has been lackluster and its up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines. Completed its $16 IPO in August 2013."
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MOD
- NYSE - Auto/Truck-Original Eqp
Modine Mfg Co
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$65.35 |
-1.43
-2.14%
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$66.92
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$69.90
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-6.51% |
989,853
149.07%
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664,000
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Most Recent Note for MOD - 1/31/2024 12:23:48 PM
Pulling back from its 52-week high with another volume-driven loss. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Dec '23 quarterly earnings +54% on +0% sales revenues versus the year ago period, its 3rd quarterly comparison well above the +25% minimum earnings guideline (C criteria) but with lackluster sales revenues growth. Annual earnings (A criteria) history has been strong following a downturn in FY '20.
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MSFT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Microsoft Corp
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$403.27 |
-5.32
-1.30%
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$415.32
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$413.05
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-2.37% |
20,542,378
79.82%
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25,736,000
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Most Recent Note for MSFT - 1/31/2024 12:25:28 PM
Reversed into the red after hitting a new all-time high today. Reported earnings +26% on +18% sales revenues for the Dec '23 quarter versus the year-ago period, its 2nd quarterly comparison above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady. It is already owned by 10,031 top-rated funds.
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PH
- NYSE - MANUFACTURING - Industrial Equipment & Compone
Parker-Hannifin Corp
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$469.95 |
-7.92
-1.66%
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$474.43
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$479.14
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-1.92% |
415,663
75.99%
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547,000
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Most Recent Note for PH - 1/31/2024 12:30:53 PM
Extended from any sound base. due to report Dec '23 quarterly results. Reported Sep '23 quarterly earnings +26% on +15% sales revenues versus the year-ago period. This giant machinery firm's prior 6 quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong and steady.
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POWL
- NASDAQ - MANUFACTURING - Industrial Electrical Equipmen
Powell Industries Inc
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$119.42 |
+37.83
46.37%
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$124.41
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$97.63
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22.32% |
839,509
469.00%
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179,000
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Most Recent Note for POWL - 1/31/2024 12:35:24 PM
Hitting a new 52-week high with today's considerable gap up gain marked by heavy volume. Reported very strong Dec '23 quarterly earnings on +53% sales revenues continuing a streak of greatly improved earnings in recent quarterly comparisons versus the year-ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SANM
- NASDAQ - Elec-Contract Mfg
Sanmina Corp
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$62.08 |
-2.84
-4.37%
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$64.54
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$69.69
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-10.93% |
516,197
98.70%
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523,000
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Most Recent Note for SANM - 1/31/2024 12:37:10 PM
Gapped up and rallied for a considerable gain on the prior session. Reported earnings -24% on -20% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd subpar quarter below the +25% minimum earnings guideline (C criteria). Its up and down annual earnings (A criteria) also is a concern, fundamentally.
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$535.02 |
+22.05
4.30%
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$546.00
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$554.44
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-3.50% |
6,719,156
141.10%
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4,762,000
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Most Recent Note for SMCI - 1/31/2024 12:37:44 PM
Powering to new all-time highs with a 3rd consecutive volume-driven gain. Recently rallied from its 50 DMA line. Reported Dec '23 quarterly earnings +71% on +103% sales revenues versus the year-ago period. Two of the 3 latest quarterly earnings increases were above 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.
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