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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 11TH, 2024
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DOW 38378.8 -82.71 (-0.22%) | NASDAQ 16252.31 81.95 (0.51%) | S&P 500 5162.12 1.54 (0.03%)
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Time of Screening :
4/11/2024 12:11:36 PM Report Released :
4/11/2024 12:38:09 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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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 |
BBVA
- NYSE - BANKING - Foreign Regional Banks
Banco Bilbao Viz Arg Adr
|
$10.79 |
-0.35
-3.10%
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$10.86
|
$12.20
|
-11.60% |
1,063,759
67.41%
|
1,578,000
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Most Recent Note for BBVA - 4/11/2024 12:16:04 PM
Pulling back from its 52-week high tesing its 50 DMA line ($10.69) with today's 5th consecutive loss. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CNQ
- NYSE - ENERGY - Independent Oil & Gas
Canadian Natural Res Ltd
|
$80.32 |
-2.01
-2.44%
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$82.58
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$82.51
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-2.66% |
2,072,772
66.12%
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3,135,000
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Most Recent Note for CNQ - 4/11/2024 12:17:39 PM
Reversed into the red after touching another new all-time high today. Prior mid-day reports cautioned members - "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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CPG
- NYSE - Oil&Gas-Cdn Expl&Prod
Crescent Point Energy
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$8.89 |
+0.13
1.48%
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$9.02
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$8.90
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-0.11% |
6,185,763
99.64%
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6,208,000
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Most Recent Note for CPG - 4/11/2024 12:18:39 PM
Hitting a new 52-week high with today's volume-driven gain. Fundamental concerns remain for this low-priced Canadian Oil & Gas firm due to its erratic annual earnings (A criteria) history.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DB
- NYSE - BANKING - Money Center Banks
Deutsche Bk Ag Adr
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$15.63 |
-0.36
-2.25%
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$15.79
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$16.34
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-4.35% |
2,646,900
76.17%
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3,475,000
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Most Recent Note for DB - 4/11/2024 12:19:15 PM
Gapped down today pulling back from its 52-week high. Noted in prior mid-day reports with caution - "Erratic quarterly and annual earnings history leaves fundamental concerns."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DDOG
- NASDAQ - Computer Sftwr-Enterprse
Datadog Inc
|
$129.81 |
+3.99
3.17%
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$130.49
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$138.61
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-6.35% |
2,519,200
64.88%
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3,883,000
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Most Recent Note for DDOG - 4/11/2024 12:22:36 PM
Rebounding aove its 50 DMA line ($126.67) with today's gain. Reported Dec '23 quarterly earnings +110% on +26% sales revenues versus the year-ago period its 3rd consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Faces some near-term resistance due to overhead supply up to the $138 level. Its annual earnings (A criteria) history has been strong since completing its $27 IPO on 9/19/19.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FAST
- NASDAQ - RETAIL - Home Improvement Stores
Fastenal Co
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$70.83 |
-3.91
-5.23%
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$73.43
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$79.04
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-10.39% |
5,401,214
146.22%
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3,694,000
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Most Recent Note for FAST - 4/11/2024 12:24:25 PM
Gapped down today violating its 50 DMA line ($73.58) with a damaging volume-driven loss. Reported +0% earnings on +2% sales revenues for the quarter ended Mar 31, 2024 versus the year ago period. Prior quarterly comparisons were below the +25% minimum (C criteria). Annual earnings (A criteria) have steadily improved after a small downturn in FY '16 earnings.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$973.02 |
-27.83
-2.78%
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$989.12
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$1,034.18
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-5.91% |
144,200
63.81%
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226,000
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Most Recent Note for GWW - 4/11/2024 12:29:32 PM
Gapped down today and slumped below its 50 DMA line with a 4th consecutive loss on ever-increasing volume, retreating from its all-time high. Last noted with caution in the 2/02/24 mid-day report - "Reported earnings +17% on +5% sales revenues for the quarter ended December 31, 2023 versus the year-ago period, its 2nd quarterly comparison below the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Prds firm included a downturn in FY '20, a common flaw in this post-pandemic era with respect to the A criteria of the fact-based investment system's guidelines."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$9.03 |
+0.23
2.64%
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$9.13
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$9.31
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-3.01% |
3,908,758
60.30%
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6,482,000
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Most Recent Note for HMY - 4/11/2024 12:30:12 PM
Perched at multi-year highs 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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INFA
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Informatica Corp
|
$38.07 |
+0.37
0.97%
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$38.18
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$38.58
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-1.33% |
1,325,614
86.64%
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1,530,000
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Most Recent Note for INFA - 4/11/2024 12:31:04 PM
Perched at its 52-week high and no resistance remains due to overhead supply. Reported Dec '23 quarterly earnings +33% on +12% sales revenues versus the year-ago period, its 2nd strong quarterly comparison. Prior quarterly comparisons were subpar and fundamental concerns remain.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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JHX
- NYSE - MATERIALS & CONSTRUCTION - Cement
James Hardie Ind Plc Adr
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$37.43 |
-0.84
-2.19%
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$38.00
|
$41.98
|
-10.84% |
30,057
83.49%
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36,000
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Most Recent Note for JHX - 4/11/2024 12:32:42 PM
This Ireland-based cement firm is retreating from multi-year highs and slumping below its 50 DMA line ($39.09) with this week's losses. Reported earnings +41% on +14% sales revenues for the Dec '23 quarter versus the year ago period. Prior 6 consecutive quarterly comparisons were well below the +25% minimum earnings guideline (C criteria).
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SEC |
News |
Chart | C
A N
S L
I M
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QRHC
- NASDAQ - Pollution Control
Quest Resource Holdings
|
$9.39 |
+0.44
4.91%
|
$9.39
|
$9.93
|
-5.45% |
34,571
90.98%
|
38,000
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Most Recent Note for QRHC - 4/11/2024 12:33:13 PM
Perched at its 52-week high and briefly traded above its Oct '22 high with recently noted volume-driven gains adding to a recent spurt higher. 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SAP
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
S A P Ag Adr
|
$184.06 |
-0.16
-0.09%
|
$184.08
|
$199.29
|
-7.64% |
467,040
70.66%
|
661,000
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Most Recent Note for SAP - 4/11/2024 12:34:27 PM
Slumping below its 50 DMA line ($186.71) with recent volume-driven losses while retreating from its all-time high. Reported earnings +48% on +8% sales revenues for the quarter ended Dec 31, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a big doiwnturn in FY '22. It also has a huge supply of 1.17 billion shares outstanding (S criteria), making it less likely to be a good sprinter.
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SEC |
News |
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A N
S L
I M
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STEP
- NASDAQ - Finance-Investment Mgmt
StepStone Group Inc
|
$36.74 |
+1.76
5.03%
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$38.25
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$37.40
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-1.76% |
278,616
73.51%
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379,000
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Most Recent Note for STEP - 4/11/2024 12:36:33 PM
Gapped up today and hit a new 52-week high. It has been encountering distributional pressure and met stubborn resistance in the $37 area in recent weeks. Fundamental concerns remain. Limited history is a concern. Completed its $18 IPO on 9/16/20.
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A N
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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.
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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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are the property of their respective owners, and are
likewise used for identification purposes only.
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