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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 16TH, 2016
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DOW 17258.92 7.39 (0.04%) | NASDAQ 4742.58 13.91 (0.29%) | S&P 500 2017.65 1.72 (0.09%)
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Time of Screening :
3/16/2016 12:26:21 PM Report Released :
3/16/2016 12:44:37 PM Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High Volume Is:
At least 57.5% 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 |
MXL
- NYSE
Maxlinear Inc Cl A
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$17.69
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+0.55
3.21%
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$17.82
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788,720 76.43% of 50 DAV
50 DAV is 1,032,000
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$18.18 -2.70%
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2/26/2016 |
$16.10
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PP = $16.19 MB = $17.00 |
Most Recent Note - 3/16/2016 12:31:17 PM
G - Rising near its 52-week high with today's volume-driven gain and no resistance remains due to overhead supply. Showed bullish action since first featured in yellow in the 2/26/16 mid-day report.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/9/2016. 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 |
CARO
- NASDAQ - Banks-Southeast
Carolina Financial Corp
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$16.59 |
-0.21 -1.25%
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$17.44
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$18.96
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-12.50% |
23,591 78.64%
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30,000
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Most Recent Note for CARO - 3/16/2016 12:27:31 PM
Slumping back below its 50 DMA line after challenging prior highs since noted with caution in the 3/07/16 mid-day report - "Reported improved sales revenues and earnings increases in the 4 latest quarterly comparisons through Dec '15 versus the year ago periods. Up and down annual earnings (A criteria) is a fundamental flaw. Completed a new Public Offering on 12/09/15."
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S L
I M
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ODC
- NYSE - CHEMICALS - Specialty Chemicals
Oil Dri Corp America
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$33.25 |
-1.41 -4.07%
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$34.94
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$38.92
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-14.57% |
12,223 64.33%
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19,000
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Most Recent Note for ODC - 3/16/2016 12:32:50 PM
Slumping further since it violated its 50 DMA line with a volume-driven loss on 3/10/16. Noted with caution in prior mid-day reports - "Building an orderly base since hitting new multi-year highs in December. Sales and earnings history is not a match with the fact-based investment system's guidelines."
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ORIT
- NASDAQ - Finance-Savings & Loan
Oritani Financial Corp
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$16.82 |
-0.03 -0.18%
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$17.03
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$17.43
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-3.50% |
150,737 64.14%
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235,000
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Most Recent Note for ORIT - 3/16/2016 12:33:45 PM
Reported earnings +54% on +72% sales revenues for the Dec '15 quarter, but fundamental concerns remain. Still perched near its 52-week high, however prior mid-day reports cautioned - "Earnings history through the Sep '15 quarter is not a match with the fundamental guidelines (C criteria) of the fact-based investment system."
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PATK
- NASDAQ - Bldg-Mobile/Mfg & RV
Patrick Industries Inc
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$43.09 |
+0.72
1.70%
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$43.87
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$48.00
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-10.23% |
114,495 64.69%
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177,000
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Most Recent Note for PATK - 3/16/2016 12:35:42 PM
Reported earnings +70% on +31% sales revenues for the Dec '15 quarter, but fundamental concerns remain. The 12/31/15 mid-day report last cautioned members - "Downturn in FY '13 is a flaw in its annual earnings (A criteria) history. Fundamentally it is not a match with the fact-based investment system's guidelines."
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I M
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QIHU
- NYSE - INTERNET - Internet Service Providers
Qihoo 360 Technology Ads
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$75.00 |
+0.13
0.17%
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$75.07
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$75.34
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-0.45% |
1,272,467 64.95%
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1,959,000
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Most Recent Note for QIHU - 3/16/2016 12:35:53 PM
Consolidating in a tight range since previously noted 12/17/15 M&A news. Prior mid-day reports repeatedly cautioned members -"Faces additional resistance due to overhead supply up to the $124 level. Reported +64% earnings on +38% sales revenues for the Jun '15 quarter, but the 2 prior quarterly comparisons had earnings below the +25% minimum earnings guideline (C criteria)."
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RUTH
- NASDAQ - LEISURE - Restaurants
Ruths Hospitality Group
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$17.51 |
+0.32
1.86%
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$17.53
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$17.89
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-2.12% |
449,148 126.88%
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354,000
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Most Recent Note for RUTH - 3/16/2016 12:36:45 PM
Making its 3rd consecutive mid-day report appearance today, still consolidating near its 52-week high since noted with caution in the 2/29/16 mid-day report - "Reported earnings +13% on +6% sales revenues for the Dec '15 quarter, below the +25% minimum earnings guideline (C criteria), and fundamental concerns remain."
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SHEN
- NASDAQ - TELECOMMUNICATIONS - Telecom Services - Domestic
Shenandoah Telecommctns
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$25.81 |
+1.05
4.24%
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$25.83
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$25.67
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0.55% |
91,732 57.69%
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159,000
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Most Recent Note for SHEN - 3/16/2016 12:41:31 PM
Hitting a new 52-week high today. Reported earnings +33% on +5% sales revenues for the Dec '15 quarter and fundamental concerns remain. A 2:1 stock print as of 1/05/16 impacted share prices, and it recently found support near its 200 DMA line again. Last noted with caution in the 9/25/15 mid-day report - "Sales revenues and earnings increases through the Jun '15 quarterly comparison were sub par and its annual earnings history (C and A criteria) is not a good match with the fact-based investment system's guidelines."
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TLP
- NYSE - ENERGY - Other
Transmontaigne Ptnrs Lp
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$38.43 |
+0.82
2.18%
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$39.00
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$43.00
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-10.63% |
58,963 79.68%
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74,000
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Most Recent Note for TLP - 3/16/2016 12:44:20 PM
This Denver, Colorado-based Master Limited Partnership (MLP) in the Oil and Gas - Transportation/Pipeline industry is rebounding toward its 52-week high. Reported earnings +131% on +9% sales revenues for the Dec '15 quarter but fundamental concerns remain. It lacks the strong and steady quarterly and annual earnings history required by the fact-based investment system.
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WFBI
- NASDAQ - Banks-Southeast
WashingtonFirst Bankshr
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$20.71 |
-0.10 -0.48%
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$21.45
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$24.28
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-14.70% |
23,787 125.19%
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19,000
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Most Recent Note for WFBI - 3/16/2016 12:44:34 PM
Still sputtering below its 50 DMA line. This thinly traded Bank holding company completed a new Public Offering on 12/03/15. Repeatedly noted with caution in prior mid-day reports - "Earnings history is not a match with the fact-based investment system's guidelines."
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THESE ARE NOT BUY RECOMMENDATIONS!
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