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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 7TH, 2024
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DOW 38678.07 156.71 (0.41%) | NASDAQ 15736.73 127.74 (0.82%) | S&P 500 4991.67 37.44 (0.76%)
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Time of Screening :
2/7/2024 12:23:24 PM Report Released :
2/7/2024 1:31:49 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 85% 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 |
ELF
- NYSE
E L F Beauty Inc
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$168.37
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-4.95
-2.86%
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$172.92
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2,355,717
169.11% of 50 DAV
50 DAV is 1,393,000
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$174.65
-3.60%
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1/2/2024 |
$138.23
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PP = $153.63
MB = $161.31 |
Most Recent Note - 2/7/2024 12:35:25 PM
G - Hovering near its all-time high today after a volume-driven gain. Reported Dec '23 quarterly earnings +54% on +85% sales revenues versus the year-ago period, continuing its strong earnings track record. Volume and volatility often increase near earnings news. Its 50 DMA line ($146) defines important near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/5/2024. Click here.
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SEC |
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A N
S L
I M
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PANW
- NYSE
Palo Alto Networks
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$364.82
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+23.33
6.83%
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$366.14
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3,223,533
89.20% of 50 DAV
50 DAV is 3,614,000
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$350.60
4.06%
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1/10/2024 |
$313.65
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PP = $318.00
MB = $333.90 |
Most Recent Note - 2/7/2024 1:14:46 PM
G - Volume is heavier behind today's gain for a new all-time high, getting very extended from any sound base. Prior high ($318) and its 50 DMA line ($312) define important support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 1/17/2024. Click here.
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Company Profile |
SEC |
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Chart | C
A N
S L
I M
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TENB
-
|
$49.50
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+1.87
3.93%
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$53.50
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1,622,049
177.27% of 50 DAV
50 DAV is 915,000
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$49.77
-0.54%
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2/7/2024 |
$49.50
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PP = $49.87
MB = $52.36 |
Most Recent Note - 2/7/2024 1:25:24 PM
Y - Color code is changed to yellow with pivot point cited based on its 8/01/23 high plus 10 cents. Pulled back from its early high after hitting a new 52-week high with today's gap up and volume-driven gain. A gain and strong close above the pivot point may clinch a convincing technical buy signal. Reported earnings for the Dec '23 quarter +108% on +16% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Prior quarterly and annual earnings history is a good match with the fact-based investment system's fundamental guidelines.
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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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 |
BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
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$9.63 |
-0.09
-0.88%
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$9.69
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$9.80
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-1.79% |
1,746,955
168.14%
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1,039,000
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Most Recent Note for BBVA - 2/7/2024 12:25:47 PM
Perched at its 52-week high following a noted streak of volume-driven gains. 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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A N
S L
I M
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CDW
- NASDAQ - Computer-Tech Services
C D W Corp
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$243.15 |
+12.65
5.49%
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$247.63
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$233.46
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4.15% |
823,827
88.30%
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933,000
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Most Recent Note for CDW - 2/7/2024 12:29:16 PM
Powering to a new all-time high with today's gap up and big volume-driven gain. Reported Dec '23 quarterly earnings +3% on -8% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) history has been good.
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A N
S L
I M
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$2,694.77 |
+207.03
8.32%
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$2,717.14
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$2,506.07
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7.53% |
508,914
262.33%
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194,000
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Most Recent Note for CMG - 2/7/2024 12:32:33 PM
Extended from any sound base and rallying to a new all-time high with today's big volume-driven gain. 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 +25% on +15% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria). Its annual earnings (A criteria) history included a downturn in FY '20 followed by much stronger FY '21 and '22 results. Already owned by 2,319 top-rated funds as of Dec '23.
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I M
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$12.54 |
-0.66
-4.97%
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$12.78
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$14.02
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-10.59% |
6,186,586
225.46%
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2,744,000
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Most Recent Note for DB - 2/7/2024 12:33:57 PM
Gapped down today violating its 50 DMA line ($13.12) with a 3rd consecutive volume-driven loss. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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A N
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I M
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GFF
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Griffon Corporation
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$67.42 |
+7.21
11.97%
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$68.98
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$62.45
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7.96% |
520,017
113.05%
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460,000
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Most Recent Note for GFF - 2/7/2024 12:41:39 PM
Today's big "breakaway gap" has it hitting yet another new all-time high. Mar, Jun, Sep, and Dec '23 quarterly earnings increases were below the +25% minimum guideline (C criteria) versus the year ago periods and sales revenues have been waning, so fundamental concerns remain. It was dropped from the Featured Stocks list on 11/03/23.
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I M
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$96.85 |
+0.07
0.07%
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$97.12
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$97.17
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-0.33% |
125,557
87.80%
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143,000
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Most Recent Note for IHG - 2/7/2024 12:43:32 PM
Made steady progress and stubbornly held its ground while perched at its all-time high. Reported earnings +50% on +24% sales revenues for the quarter ended June 30th, 2023 versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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A N
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I M
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IT
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Gartner Inc
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$451.54 |
-10.17
-2.20%
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$458.97
|
$471.76
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-4.29% |
423,422
93.47%
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453,000
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Most Recent Note for IT - 2/7/2024 12:44:30 PM
Testing its 50 DMA line ($450) with volume-driven losses. Reported earnings -18% on +5% sales revenues for the Dec '23 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria) of the fact-based system.
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A N
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I M
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MGRC
- NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services
Mcgrath Rentcorp
|
$129.40 |
+0.69
0.54%
|
$129.51
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$130.19
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-0.61% |
217,306
97.45%
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223,000
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Most Recent Note for MGRC - 2/7/2024 12:48:49 PM
Hit a new all-time high with volume-driven gains following 1/29/24 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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NBIX
- NASDAQ - DRUGS - Biotechnology
Neurocrine Biosciences
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$138.83 |
-4.13
-2.89%
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$143.16
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$143.35
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-3.15% |
681,783
88.66%
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769,000
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Most Recent Note for NBIX - 2/7/2024 12:58:34 PM
Tested its 50 DMA line ($129.64) at today's early low. Reported Dec '23 quarterly earnings +24% on +25% sales revenues versus the year ago period. Fundamental concerns remain due to sub par quarterly and annual earnings growth since dropped from the Featured Stocks list on 8/07/20.
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I M
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NVT
- NYSE - Electrical-Power/Equipmt
nVent Electric
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$64.31 |
+2.49
4.03%
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$64.53
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$66.09
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-2.69% |
961,212
90.09%
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1,067,000
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Most Recent Note for NVT - 2/7/2024 12:59:16 PM
Perched at its all-time high. Prior highs in the $58-59 area define near-term support above its 50 DMA line ($57.41). Reported Dec '23 quarterly earnings +18% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), breaking a streak of 5 strong quarterly comparisons.
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NYT
- NYSE - MEDIA - Publishing - Newspapers
New York Times Co Cl A
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$44.72 |
-3.81
-7.84%
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$46.33
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$49.87
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-10.34% |
1,436,633
112.68%
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1,275,000
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Most Recent Note for NYT - 2/7/2024 1:06:34 PM
Gapped down today retreating from its 52-week high and violating its 50 DMA line ($47.44) and undercutting prior highs in the $45 area defining near-term support to watch. Reported Dec '23 quarterly earnings +19% on +1% sales revenues versus the year-ago period. Two of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria) versus the year-ago period but with lackluster sales revenues growth. Annual earnings (A criteria) growth had a downturn in FY '22. Found support above its 200 DMA line in recent months when consolidating.
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$691.50 |
+9.91
1.45%
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$699.77
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$686.00
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0.80% |
6,680,158
112.06%
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5,961,000
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Most Recent Note for SMCI - 2/7/2024 1:20:13 PM
Extended from any sound base and churning heavy volume at its all-time high. 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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TREX
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
Trex Company Inc
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$90.63 |
+7.44
8.94%
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$92.25
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$87.36
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3.74% |
1,184,840
152.88%
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775,000
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Most Recent Note for TREX - 2/7/2024 1:26:28 PM
Gapped up today hitting another new 52-week high with a big volume-driven gain. Reported Sep '23 quarterly earnings +307% on +61% versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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XYL
- NYSE - Machinery-Tools & Rel
Xylem Inc
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$123.17 |
+3.61
3.02%
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$123.20
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$119.94
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2.69% |
1,210,209
94.47%
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1,281,000
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Most Recent Note for XYL - 2/7/2024 1:31:38 PM
Hitting new multi-year highs with today's 2nd consecutiev gap up and volume-driven gain. Reported Dec '23 quarterly earnings -1% on +41% sales revenues versus the year-ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '20.
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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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are the property of their respective owners, and are
likewise used for identification purposes only.
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