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 MIDDAY BREAKOUTS REPORT - FRIDAY, FEBRUARY 16TH, 2024
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DOW 38757.05 -16.07 (-0.04%) | NASDAQ 15870.67 -35.5 (-0.22%) | S&P 500 5029.47 -0.26 (-0.01%)
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Time of Screening :
2/16/2024 12:36:39 PM Report Released :
2/16/2024 1:00:40 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 100% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ADBE
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software
Adobe Systems Inc
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$559.35 |
-31.09
-5.27%
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$590.14
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$638.25
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-12.36% |
4,715,139
159.62%
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2,954,000
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Most Recent Note for ADBE - 2/16/2024 12:40:19 PM
Gapped down today slumping well below its 50 DMA line with a 2nd consecutive big volume-driven loss. Wedged to a new high with gains lacking volume conviction after last noted with caution in the 12/19/23 mid-day report - "Reported Nov '23 quarterly earnings +19% on +12% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria)."
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View all notes |
Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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AMAT
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Applied Materials Inc
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$202.05 |
+14.39
7.67%
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$206.77
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$189.47
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6.64% |
10,432,476
173.90%
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5,999,000
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Most Recent Note for AMAT - 2/16/2024 12:42:19 PM
Gapped up rallying to a new high. Reported Jan '24 quarterly earnings +0% on +0% sales revenues versus the year ago, its 8th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 836.5 million shares outstanding (S criteria) and as of Dec '23 it is owned by 4,068 top-rated mutual funds (I criteria).
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View all notes |
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DLR
- NYSE - REAL ESTATE - REIT - Diversified/Industrial
Digital Realty Trust Inc
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$138.38 |
-10.24
-6.89%
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$140.86
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$149.07
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-7.17% |
2,920,072
150.29%
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1,943,000
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Most Recent Note for DLR - 2/16/2024 12:46:36 PM
Abruptly retreating below its 50 DMA line with today's gap down and volume-driven loss, reversing from its52-week high. This REIT reported strong earnings in recent quarters through Dec '23 versus the year ago period. Annual earnings (A criteria) growth has been lackluster.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ELMD
- AMEX - Medical-Systems/Equip
Electromed Inc
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$14.02 |
+0.55
4.08%
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$14.60
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$13.84
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1.30% |
50,211
278.95%
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18,000
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Most Recent Note for ELMD - 2/16/2024 12:48:46 PM
Powering to a new 52-week high with heavy volume behind today's 4th consecutive gain. Recent quarterly comparisons through Dec'23 have been well above the fact-based system's +25% minimum guideline (C criteria). Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IDCC
- NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Interdigital Inc
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$118.48 |
+2.33
2.00%
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$119.86
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$116.88
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1.36% |
502,244
129.11%
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389,000
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Most Recent Note for IDCC - 2/16/2024 12:50:35 PM
Rallied to new multi-year highs with 3 consecutive volume-driven gains. Reported Dep '23 quarterly earnings -13% on -10% sales revenues versus the year-ago period. Prior quarterly sales revenues and earnings (C criteria) history has been erratic with subpar results leaving concerns, fundamentally.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PLMR
- NASDAQ - INSURANCE - Property & Casualty Insurance
Palomar Holdings Inc
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$75.14 |
+1.49
2.02%
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$76.10
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$73.90
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1.68% |
168,542
110.88%
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152,000
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Most Recent Note for PLMR - 2/16/2024 12:52:13 PM
Powering to new 52-week highs with today's 3rd consecutive gain with above average volume. Reported strong Sep and Dec '23 quarters. Prior quarterly and annual earnings (C and A criteria) history has been erratic. Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$885.00 |
-119.00
-11.85%
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$1,077.87
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$1,006.35
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-12.06% |
19,726,263
255.06%
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7,734,000
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Most Recent Note for SMCI - 2/16/2024 12:57:05 PM
There was a "negative reversal" today following 9 consecutive gains in an impressive spurt higher for new all-time highs having the look of a "climax run". 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TRAK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
DealerTrack Technologies
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$12.00 |
-0.36
-2.91%
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$12.34
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$12.75
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-5.88% |
64,856
104.61%
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62,000
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Most Recent Note for TRAK - 2/16/2024 12:58:47 PM
Enduring some distributional pressure while recently hovering at new multi-year highs. Near-term support is its 50 DMA line ($11.25) which acted as support during prior consolidations. Reported Dec '23 quarterly earnings +17% on +9% sales revenues versus the year-ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a match with the fact-based investment system's fundamental guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TXRH
- NASDAQ - LEISURE - Restaurants
Texas Roadhouse Inc
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$146.86 |
+12.97
9.69%
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$152.55
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$136.02
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7.97% |
1,472,575
175.72%
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838,000
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Most Recent Note for TXRH - 2/16/2024 12:59:53 PM
gapped up today rallying to another new all-time high. Reported Dec '23 quarterly earnings +21% on +15% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WING
- NASDAQ - Retail-Restaurants
Wingstop Inc
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$322.17 |
+7.02
2.23%
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$323.50
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$315.46
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2.13% |
365,053
100.84%
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362,000
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Most Recent Note for WING - 2/16/2024 1:00:25 PM
Perched at its all-time high with today's 4th consecutive gain. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Sep '23 quarterly earnings +53% on +26% sales revenues versus the year-ago period, its 5th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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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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