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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 4TH, 2024
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DOW 39309.9 182.76 (0.47%) | NASDAQ 16438.55 161.09 (0.99%) | S&P 500 5250.44 38.95 (0.75%)
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Time of Screening :
4/4/2024 12:16:44 PM Report Released :
4/4/2024 12:55:46 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 |
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Max Buy |
HUBS
- NYSE
Hubspot Inc
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$686.66
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+59.96
9.57%
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$693.85
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1,981,232
436.39% of 50 DAV
50 DAV is 454,000
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$660.00
4.04%
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4/4/2024 |
$686.66
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PP = $660.10
MB = $693.11 |
Most Recent Note - 4/4/2024 12:36:22 PM
Y - Color code is changed to yellow with pivot point cited based on its 2/09/24 high plus 10 cents. Hitting a new 52-week high with today's volume-driven gain triggering a technical buy signal after finding prompt support at its 50 DMA line ($615.57) in recent weeks. Reported Dec '23 quarterly earnings +59% on +24% sales revenues versus the year-ago period, its 6th consecutive quarterly comparison well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong. Faces some resistance due to old overhead supply up to the $866 level.
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 |
CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$302.11 |
-2.63
-0.86%
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$311.30
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$318.72
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-5.21% |
4,462,512
78.37%
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5,694,000
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Most Recent Note for CRM - 4/4/2024 12:20:31 PM
Testing support at its 50 DMA line ($296) while building on a 5-week base and perched within striking distance of its all-time high. Reported Jan '24 quarterly earnings +36% on +11% sales revenues versus the year ago period, its 5th strong quarterly comparison. Went through a deep consolidation from its all-time high since noted with caution in the 12/01/21 mid-day report. Large supply of 970 million shares outstanding (S criteria) makes it an unlikely sprinter, and it is already owned by more than 4,781 top-rated funds (I criteria). There was a downturn in its FY '22 annual earnings (A criteria) history.
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A N
S L
I M
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CRS
- NYSE - METALS & MINING - Steel & Iron
Carpenter Technology
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$77.84 |
+4.24
5.76%
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$79.71
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$74.07
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5.09% |
571,166
121.52%
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470,000
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Most Recent Note for CRS - 4/4/2024 12:22:39 PM
Powering to a new 52-week high and touching a new all-time high with today's 2nd consecutive volume-driven gain. Sub par sale revenues growth and its erratic annual earnings (A criteria) history are not a match with the fact-based investment system's fundamental guidelines.
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A N
S L
I M
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DXPE
- NASDAQ - WHOLESALE - Industrial Equipment Wholesale
D X P Enterprises Inc
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$55.96 |
+1.78
3.29%
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$56.17
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$54.73
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2.25% |
82,823
96.31%
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86,000
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Most Recent Note for DXPE - 4/4/2024 12:24:37 PM
Gapped up today for a new high. On track for a 9th consecutive weekly gain as volume-driven gains helped it abruptly rally to new 52-week highs and it stubbornly held its ground. Reported earnings +124% on +0% sales revenues for the Dec '23 quarter versus the year-ago period. Quarterly earnings have been above the +25% minimum guideline (C criteria) but sequential comparisons showed worrisome deceleration in sales revenues growth. After a downturn in FY '20 earnings (A criteria) its annual earning growth has been strong.
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I M
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ELMD
- AMEX - Medical-Systems/Equip
Electromed Inc
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$16.21 |
+0.78
5.06%
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$16.55
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$17.85
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-9.19% |
33,869
99.61%
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34,000
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Most Recent Note for ELMD - 4/4/2024 12:25:40 PM
Posting a solid volume-driven gain today rebounding toward its 52-week high after a brief consolidation. 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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ERO
- ARCA - Finance-ETF / ETN
Barclays Ipath Eur Etn
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$21.29 |
+0.45
2.16%
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$21.69
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$24.38
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-12.67% |
230,742
69.50%
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332,000
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Most Recent Note for ERO - 4/4/2024 12:26:57 PM
On track today for a 6th consecutive gain marked by ever-increasing volume, rebounding toward its 52-week high. Fundamental concerns remain.
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I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$8.71 |
+0.12
1.34%
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$8.87
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$8.69
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0.17% |
4,076,889
65.58%
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6,217,000
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Most Recent Note for HMY - 4/4/2024 12:28:58 PM
Gain today has it hitting new multi-year highs. Stubbornly held its ground following a noted spurt of 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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A N
S L
I M
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$102.26 |
-0.30
-0.29%
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$102.45
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$112.08
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-8.76% |
126,140
69.69%
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181,000
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Most Recent Note for IHG - 4/4/2024 12:39:47 PM
Retreating from its all-time high with today's 6th consecutive loss undercutting its 50 DMA line ($102.84). Reported earnings +19% on +14% sales revenues for the quarters ended Sep 30th and Dec 31st, 2023 versus the year ago periods. 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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QRHC
- NASDAQ - Pollution Control
Quest Resource Holdings
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$9.54 |
+0.27
2.86%
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$9.93
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$9.50
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0.37% |
28,233
80.67%
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35,000
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Most Recent Note for QRHC - 4/4/2024 12:43:48 PM
Adding to recent volume-driven gains, hitting a new 52-week high and trading above its Oct '22 high with today's 2nd consecutiev volume-driven gain. Found support recently near its closely coinciding 50 and 200 DMA lines. Reported Dec '23 quarterly 3 cents per share in earnings with +11% sales revenues versus a 2 cents per share loss for the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria).
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RPM
- NYSE - MATERIALS & CONSTRUCTION - General Building Materials
R P M International Inc
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$113.50 |
-5.02
-4.24%
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$116.81
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$120.74
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-6.00% |
601,532
104.98%
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573,000
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Most Recent Note for RPM - 4/4/2024 12:46:03 PM
Testing its 50 DMA line ($112.90) with today's big volume-driven loss, abruptly retreating from its all-time high. Reported Feb '24 quarterly earnings +41% on +0% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly and annual earnings history (C and A criteria) along with sub par sales revenues growth rate is not a match with the fact-based investment system's guidelines.
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SPNS
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
Sapiens Intl Corp
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$31.85 |
+0.01
0.02%
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$32.05
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$32.46
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-1.89% |
69,438
62.56%
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111,000
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Most Recent Note for SPNS - 4/4/2024 12:47:58 PM
Perched near its 52-week high, making steady progress after finding prompt support at its 200 DMA line in recent months. Fundamental concerns remain. Quarterly comparisons through Dec '23 have been below the +25% minimum earnings guideline (C criteria). Completed a new Public Offering on 10/16/20.
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SQ
- NYSE - Finance-CrdtCard/PmtPr
Square Inc
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$77.69 |
-1.97
-2.47%
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$80.56
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$87.52
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-11.24% |
6,545,007
60.42%
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10,833,000
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Most Recent Note for SQ - 4/4/2024 12:50:20 PM
Consolidating above its 50 DMA line, holding its ground following a gap up and volume-driven gain on 2/23/24. Quarterly earnings and sales revenues comparisons through Dec '23 have been strong versus the year-ago periods after a downturn in FY '22 earnings (A criteria) raised concerns. It was dropped from the Featured Stocks list on 10/01/21 and went through a deep and choppy consolidation.
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UGP
- NYSE - SPECIALTY RETAIL - Specialty Retail, Other
Ultrapar Participaco Adr
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$5.82 |
+0.21
3.65%
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$5.85
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$6.35
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-8.43% |
1,161,752
76.94%
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1,510,000
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Most Recent Note for UGP - 4/4/2024 12:52:11 PM
Gapped up today rebounding near its 50 DMA line ($5.83) which acted as resistance following recent volume-driven losses. Reported earnings +42% on +1% sales revenues for the quarter ended December 31, 2023 versus the year ago period. This Brazilian Oil and Gas - Refining/Marketing firm showed lackluster sales revenues and erratic earnings in recent quarterly comparisons versus the year ago periods. Its annual earnings (A criteria) growth has steadily improved since a downturn in FY '18 and '19.
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VRT
- NYSE - Electrical-Power/Equipmt
Vertiv Holdings Llc
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$85.62 |
+0.27
0.31%
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$88.70
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$86.63
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-1.17% |
5,008,137
61.16%
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8,188,000
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Most Recent Note for VRT - 4/4/2024 12:53:07 PM
Very extended from any sound base and hitting yet another new all-time high with today's gain. Prior mid-day reports noted - "Showed very strong quarterly earnings increases through Dec '23 versus the year-ago periods. Limited history is a concern. Annual earnings history has been up and down."
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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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