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 MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 9TH, 2024
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DOW 38576.06 -150.27 (-0.39%) | NASDAQ 15945.37 151.66 (0.96%) | S&P 500 5012.73 14.82 (0.30%)
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Time of Screening :
2/9/2024 12:08:20 PM Report Released :
2/9/2024 1:11:12 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 |
|
Max Buy |
ANET
- NYSE
Arista Networks, Inc
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$280.45
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+4.56
1.65%
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$284.82
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1,476,538
83.66% of 50 DAV
50 DAV is 1,765,000
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$278.88
0.56%
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10/31/2023 |
$188.84
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PP = $198.80
MB = $208.74 |
Most Recent Note - 2/9/2024 12:09:01 PM
G - Posting a 3rd consecutive volume-driven gain today hitting yet another new all-time high, extended from any sound base. Its 50 DMA line ($244.57) defines important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/1/2024. Click here.
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A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
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$254.68
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+0.53
0.21%
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$256.48
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13,031
76.65% of 50 DAV
50 DAV is 17,000
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$264.99
-3.89%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 2/9/2024 1:08:36 PM
Y - Color code is changed to yellow with pivot point cited based on its 1/24/24 high plus 10 cents. Hovering in a tight range perched near its 52-week high, it may be forming an advanced "3 weeks tight" base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Through Dec '23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
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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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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$9.85 |
+0.04
0.41%
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$9.86
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$9.82
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0.30% |
929,759
85.14%
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1,092,000
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Most Recent Note for BBVA - 2/9/2024 12:12:19 PM
Perched at its 52-week high today while adding to a noted streak of volume-driven gains. Bullish action came after it 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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BELFB
- NASDAQ - ELECTRONICS - Diversified Electronics
Bel Fuse Inc Cl B
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$71.90 |
+2.06
2.95%
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$73.23
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$70.22
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2.39% |
83,886
91.18%
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92,000
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Most Recent Note for BELFB - 2/9/2024 12:13:40 PM
Powering to a new 52-week high with today's gap up and 4th consecutive gain. Due to report Dec '23 quarterly results on 2/21/24. The Electronic - Parts firm reported Sep '23 quarterly earnings +14% on -11% sales revenues versus the year-ago period. Waning sales are a concern and its annual earnings (A criteria) history has been erratic, not a match with the fact-based investment system's fundamental guidelines.
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I M
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CYBR
- NASDAQ - COMPUTER SOFTWARE and SERVICES - Security Software and Services
Cyber-Ark Software Ltd
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$278.06 |
+16.46
6.29%
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$280.87
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$274.73
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1.21% |
929,006
159.35%
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583,000
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Most Recent Note for CYBR - 2/9/2024 12:21:44 PM
This Israel-based Computer Software - Security firm is extended from any sound base and powering to new all-time highs with today's 4th consecutive volume-driven gain. Steadily advanced and stayed well above its 50 DMA line since a technical breakout in early November '23. Reported earnings +406% on +32% sales revenues for the Dec '23 quarter and recent quarters show great improvement over the year-ago periods. Fundamental concerns remain after a downturn in FY '20 and '21 and a loss in FY '22 (A criteria).
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DT
- NYSE - Computer Sftwr-Enterprse
Dynatrace Inc
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$53.90 |
-2.17
-3.87%
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$57.34
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$61.41
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-12.23% |
2,370,423
97.67%
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2,427,000
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Most Recent Note for DT - 2/9/2024 12:23:08 PM
Gapped down from its 52-week high on the prior session and today's big loss is violating its 50 DMA line ($55.78) and undercutting prior highs in the $55 area triggering technical sell signals. Reported Dec '23 quarterly earnings +28% on +23% sales revenues versus the year-ago period, its 5th strong quarter above the +25% minimum earnings guideline (C criteria). Went through a long deep consolidation from its all-time high after 5/04/21 when it was dropped from the Featured Stocks list.
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I M
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DXCM
- NASDAQ - Medical-Systems/Equip
Dexcom Inc
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$122.39 |
-4.67
-3.67%
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$124.99
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$139.55
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-12.30% |
2,614,519
93.74%
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2,789,000
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Most Recent Note for DXCM - 2/9/2024 12:27:20 PM
Consolidating and today's volume-driven loss is undercutting its 50 DMA line ($122.92). Faces near-term resistance due to overhead supply up to the $139 level. Reported strong quarterly results through Dec '23 versus the year-ago periods. Annual earnings history had a downturn in FY '21.
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JELD
- NYSE - Bldg-Constr Prds/Misc
Jeld-Wen Holding Inc
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$19.40 |
+0.12
0.62%
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$20.10
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$19.69
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-1.47% |
409,385
93.25%
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439,000
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Most Recent Note for JELD - 2/9/2024 12:29:55 PM
Gapped up and hit a new 52-week high with above average volume behind today's 4th consecutive gain. Reported +43% earnings on -6% sales revenues for the Dec '23 versus the year-ago period. Fundamental concerns remain as its subpar sales revenues growth and its quarterly and annual earnings (C and A criteria) history is not a match with the fact based investment system's guidelines.
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MEDP
- NASDAQ - Medical-Research Eqp/Svc
Medpace Holdings Inc
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$324.45 |
+6.02
1.89%
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$331.10
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$318.96
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1.72% |
151,944
85.36%
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178,000
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Most Recent Note for MEDP - 2/9/2024 12:35:16 PM
Found support near its 50 DMA line ($296) in recent weeks and today's 4th consecutive gain with ever-increasing volume has it hitting a new all-time high. Due to report Dec '23 quarterly results on 2/12/24. Its Sep '23 quarterly earnings rose +8% on +28% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns after 6 much stronger quarters. Dropped from the Featured Stocks list on 10/03/23.
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MMYT
- NASDAQ - Leisure-Travel Booking
Makemytrip Ltd
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$59.49 |
+1.94
3.37%
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$60.63
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$58.44
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1.80% |
520,258
89.09%
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584,000
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Most Recent Note for MMYT - 2/9/2024 12:39:09 PM
Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Extended from any sound base and hitting another new all=time high with today's big volume-driven gain. Through Dec '23 is quarterly earnings growth has been strong and well above the +25% minimum guideline (C criteria). After years of steadily shrinking losses it has shown great earnings growth in FY '22 and '23.
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I M
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NGVC
- NYSE - RETAIL - Grocery Stores
Nat Grocers Vit Cottage
|
$17.49 |
+2.68
18.10%
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$17.75
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$17.49
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0.00% |
106,775
194.14%
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55,000
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Most Recent Note for NGVC - 2/9/2024 12:41:59 PM
Hitting a new 52-week high with today's gap up and considerable volume-driven gain. Faces some resistance due to old overhead supply up to the $24 level. Reported earnings +79% on +8% sales revenues for the Dec '23 quarter versus the year ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady.
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OC
- NYSE - Bldg-Constr Prds/Misc
Owens Corning
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$146.31 |
-13.18
-8.26%
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$153.14
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$160.18
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-8.66% |
1,230,496
189.89%
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648,000
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Most Recent Note for OC - 2/9/2024 12:43:32 PM
Gapped down today and slumped below its 50 DMA line ($148) with a big volume-driven loss. Reported earnings +15% on -2% sales revenues for the Dec '23 quarter versus the year-ago period, its 5th quarterly comparison below the +25% minimum earnings guideline (C criteria) after a streak of stronger growth. Annual earnings (A criteria) history has been strong after a slight downturn in FY '19.
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PINS
- NYSE - INTERNET - Content
Pinterest Inc Cl A
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$35.46 |
-5.26
-12.92%
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$37.57
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$41.60
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-14.76% |
23,858,149
242.09%
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9,855,000
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Most Recent Note for PINS - 2/9/2024 12:45:44 PM
Gapped down today and violated its 50 DMA line ($37) with a damaging volume-driven loss, abruptly retreating from its 52-week high. Reported Dec '23 quarterly earnings +83% on +12% sales revenues versus the year-ago period, its 3rd strong quarter. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$734.62 |
+36.62
5.25%
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$745.17
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$714.49
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2.82% |
6,418,290
101.41%
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6,329,000
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Most Recent Note for SMCI - 2/9/2024 12:54:02 PM
Extended from any sound base and above average volume is behind today's 5th consecutive gain while adding to an impresive spurt higher, hitting yet another new 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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SNOW
- NYSE - Leisure-Lodging
Intrawest Resorts Hldgs
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$233.76 |
+10.86
4.87%
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$234.12
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$226.29
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3.30% |
4,911,032
87.38%
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5,620,000
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Most Recent Note for SNOW - 2/9/2024 12:55:19 PM
Extended from any sound base and hitting yet another new 52-week high with today's gap up and 3rd consecutive gain backed by ever-increasing volume. Three latest quarterly comparisons through Oct '23 showed strong sales revenues and earnings increases versus the year-ago period. Annual earnings (A criteria) history has been subpar.
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TEX
- NYSE - MANUFACTURING - Farm & Construction Machinery
Terex Corp
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$59.83 |
-4.53
-7.03%
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$62.43
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$65.64
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-8.86% |
991,894
137.00%
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724,000
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Most Recent Note for TEX - 2/9/2024 12:59:18 PM
Gapped down today testing support at its 50 DMA line ($57.28) with a volume-driven loss after recently rebounding near its 52-week high. Reported Dec '23 quarterly earnings +5% on +0% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings comparisons well above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings history has been strong after a downturn in FY '20 like many companies during the pandemic.
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WMS
- NYSE - Bldg-Constr Prds/Misc
Advanced Drainage Systems Corp
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$159.79 |
+1.82
1.15%
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$163.46
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$159.49
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0.19% |
476,810
101.23%
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471,000
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Most Recent Note for WMS - 2/9/2024 1:10:24 PM
Gapped up on the prior session for a considerable volume-driven gain and hitting new all-time highs again with today's 4th consecutive volume-driven gain. Reported earnings +38% on +1% sales revenues for the Dec '23 quarter versus the year-ago period. Fundamental concerns remain due to its erratic quarterly and annual earnings (C and A criteria) history.
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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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