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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 13TH, 2024
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DOW 39153.78 148.29 (0.38%) | NASDAQ 16175.68 -89.96 (-0.55%) | S&P 500 5169.08 -6.19 (-0.12%)
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Time of Screening :
3/13/2024 12:20:38 PM Report Released :
3/13/2024 12:51:45 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 |
NVO
- NYSE
Novo Nordisk A/S Adr
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$133.08
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-2.03
-1.50%
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$135.50
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4,685,482
86.93% of 50 DAV
50 DAV is 5,390,000
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$138.28
-3.76%
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3/1/2024 |
$124.23
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PP = $124.97
MB = $131.22 |
Most Recent Note - 3/13/2024 12:40:50 PM
G - Stubbornly holding its ground after last week it rallied from a noted new advanced "3-weeks tight" base with big volume-driven gains. Recent lows in the $118 area define initial support to watch above its 50 DMA line ($116.52).
>>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2024. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PAY
- NYSE
Paymentus Holdings
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$24.38
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+0.45
1.88%
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$24.67
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421,975
170.84% of 50 DAV
50 DAV is 247,000
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$24.00
1.58%
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3/5/2024 |
$19.97
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PP = $18.89
MB = $19.83 |
Most Recent Note - 3/13/2024 12:44:37 PM
G - Rallying for yet another new 52-week high with today's 4th consecutive volume-driven gain, quickly getting very extended from the previously noted base. Prior highs in the $18 range define important initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/5/2024. Click here.
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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 |
AFYA
- NASDAQ - Consumer Svcs-Education
Afya Limited Cl A
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$20.67 |
-0.07
-0.34%
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$21.49
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$22.48
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-8.05% |
237,999
216.36%
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110,000
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Most Recent Note for AFYA - 3/13/2024 12:22:40 PM
Reversed an early gain today and consolidating back near its 50 DMA line. Noted with caution in prior mid-day reports - "Reported Sep '23 quarterly earnings +16% on +34% sales revenues versus the year ago period. Fundamental concerns remain."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CECO
- NASDAQ - Pollution Control
Ceco Environmental
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$22.23 |
+0.32
1.44%
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$23.45
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$24.43
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-9.03% |
232,799
101.22%
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230,000
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Most Recent Note for CECO - 3/13/2024 12:25:47 PM
Rebounding near its 52-week high with volume-driven gains following an abrupt "negative reversal" and 50 DMA line violation on 3/05/24. Reported Dec '23 quarterly earnings +33% on +32% sales revenues over the year ago period. Prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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SEC |
News |
Chart | C
A N
S L
I M
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CNQ
- NYSE - ENERGY - Independent Oil & Gas
Canadian Natural Res Ltd
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$73.09 |
+1.03
1.43%
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$73.21
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$73.19
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-0.14% |
2,775,751
90.42%
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3,070,000
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Most Recent Note for CNQ - 3/13/2024 12:29:29 PM
Reported subpar earnings and sales revenues increases in quarterly comparisons through Dec '23 versus the year ago periods. This Canadian Oil and Gas Explorer/Producer has an erratic annual earnings (A criteria) history, not a match with respect to the fact-based investment system's guidelines.
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SEC |
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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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$37.39 |
+0.63
1.70%
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$37.46
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$38.73
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-3.47% |
222,028
116.86%
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190,000
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Most Recent Note for FOR - 3/13/2024 12:30:50 PM
Hovering near its 52-week high following noted volume-driven gains. The 3/08/24 mid-day report cautioned members - "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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SEC |
News |
Chart | C
A N
S L
I M
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FUTU
- NASDAQ - Finance-Invest Bnk/Bkrs
Futu Holdings Cl A Ads
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$64.92 |
+0.90
1.41%
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$65.22
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$67.49
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-3.81% |
1,765,120
120.82%
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1,461,000
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Most Recent Note for FUTU - 3/13/2024 12:31:46 PM
Approaching its Oct '23 high with a noted spurt of volume-driven gains yet still faces resistance due to overhead supply up to the $72 level. Due to report Dec '23 quarterly results on 3/14/24. Reported Sep '23 quarterly earnings +47% on +37% sales revenues versus the ear ago period, continuing its streak of strong quarterly comparisons (C criteria) well above the +25% minimum. Annual earnings (A criteria) growth has been strong. China-based Financial firm completed a new Public Offering on 8/18/20. Completed its $12 IPO on 3/08/19.
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SEC |
News |
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A N
S L
I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$8.03 |
+0.27
3.48%
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$8.07
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$8.00
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0.38% |
4,748,904
93.69%
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5,069,000
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Most Recent Note for HMY - 3/13/2024 12:32:51 PM
Rallied to new multi-year highs with a streak of 8 consecutive volume-driven gains. Prior mid-day reports noted - "Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, not a match with the fact-based investment system's fundamental guidelines."
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News |
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A N
S L
I M
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KB
- NYSE - BANKING - Foreign Regional Banks
K B Financial Group Adr
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$57.69 |
+3.39
6.24%
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$58.04
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$55.39
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4.15% |
252,579
114.81%
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220,000
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Most Recent Note for KB - 3/13/2024 12:35:25 PM
Gapped up today hitting new multi-year highs. Reported strong Dec '23 quarterly earnings versus the year ago period. Prior quarterly and annual earnings history has been subpar. Noted with caution in prior mid-day reports - "Fundamental concerns remain for this South Korean banking firm."
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A N
S L
I M
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NATR
- NASDAQ - DRUGS - Drug Related Products
Natures Sunshine Prod
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$20.91 |
+3.71
21.57%
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$21.72
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$19.20
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8.91% |
128,266
298.29%
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43,000
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Most Recent Note for NATR - 3/13/2024 12:37:55 PM
Spiked to a new 52-week and all-time highs with today's gap up and considerable volume-driven gain. Bullish action came after it reported Dec '23 quarterly earnings +350% on +6% sales revenues versus the year-ago period. Recently slumped below its 50 DMA line ($17.74) with volume-driven losses raising concerns. Prior mid-day reports cautioned members - "Erratic quarterly and annual earnings history (C and A criteria) leaves fundamental concerns. Faces some resistance due to overhead supply up to the $19 level."
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SEC |
News |
Chart | C
A N
S L
I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$42.80 |
-2.56
-5.64%
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$45.46
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$45.88
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-6.71% |
176,211
110.13%
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160,000
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Most Recent Note for NMM - 3/13/2024 12:39:16 PM
Pulling back from its 52-week high with today's loss following 5 consecutive volume-driven gains. Quarterly comparisons through Dec '23 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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SEC |
News |
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A N
S L
I M
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ORCL
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
Oracle Corp
|
$125.57 |
-1.97
-1.54%
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$128.80
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$129.37
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-2.94% |
7,083,769
80.53%
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8,796,000
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Most Recent Note for ORCL - 3/13/2024 12:43:02 PM
Gapped up on the prior session for a considerable volume-driven gain hitting new 52-week and all-time highs after consolidating above its 50 DMA line ($111). Bullish action came after it reported Feb '24 quarterly earnings +16% on +7% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain.
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A N
S L
I M
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XP
- NASDAQ - Finance-Invest Bnk/Bkrs
XP Inc Cl A
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$26.10 |
+0.28
1.08%
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$26.31
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$27.71
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-5.81% |
5,719,471
110.78%
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5,163,000
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Most Recent Note for XP - 3/13/2024 12:51:40 PM
Posting a 7th consecutive volume-driven gain today rebounding toward prior highs after finding prompt support again at its 200 DMA line ($23.88). Reported earnings +12% on +39% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly comparisons were subpar and fundamental concerns remain. Brazil-based securities brokerage went through a deep consolidation since noted with caution in the 8/12/20 mid-day report - "Completed a Secondary Offering on 7/02/20. Completed its $27 IPO on 12/11/29. Limited history is a concern."
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A N
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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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