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 MIDDAY BREAKOUTS REPORT - FRIDAY, APRIL 12TH, 2024
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DOW 38139.45 -319.63 (-0.83%) | NASDAQ 16279.54 -162.66 (-0.99%) | S&P 500 5153.37 -45.69 (-0.88%)
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Time of Screening :
4/12/2024 11:54:13 AM Report Released :
4/12/2024 12:10:11 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 50% 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 |
ANET
- NYSE
Arista Networks, Inc
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$273.31
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-23.27
-7.85%
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$296.58
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2,494,488
92.42% of 50 DAV
50 DAV is 2,699,000
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$307.74
-11.19%
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3/18/2024 |
$188.84
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PP = $292.76
MB = $307.40 |
Most Recent Note - 4/12/2024 11:56:44 AM
G - Slumping further after a damaging gap down today violating its 50 DMA line ($281.55) and an upward trendline connecting its October-March lows triggering technical sell signals. Color code was changed to green. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/26/2024. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
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$293.83
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+0.08
0.03%
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$298.05
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14,121
58.84% of 50 DAV
50 DAV is 24,000
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$308.00
-4.60%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 4/12/2024 12:10:06 PM
G - Still hovering in a tight range in recent weeks near its all-time high, stubbornly holding its ground despite encountering some distributional pressure. Its 50 DMA line ($276.58) defines near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/5/2024. 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 |
AEM
- NYSE - METALS & MINING - Gold
Agnico Eagle Mines Ltd
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$62.88 |
+1.21
1.96%
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$64.20
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$62.77
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0.18% |
2,626,150
76.43%
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3,436,000
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Most Recent Note for AEM - 4/12/2024 11:55:07 AM
Gapped up today hitting a new 52-week high with a volume-driven gain. This Canadian firm in the Mining - Gold/Silver/Gems group's Dec '23 quarterly earnings rose +50% on +27% sales revenues versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has been up and down.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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AGI
- NYSE - Mining-Gold/Silver/Gems
Alamos Gold Inc
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$15.54 |
+0.17
1.11%
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$16.01
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$15.49
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0.32% |
2,744,809
103.62%
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2,649,000
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Most Recent Note for AGI - 4/12/2024 11:56:05 AM
Hitting a new 52-week high with today's 6th consecutive gain. Reported strong Mar, Jun, Sep, and Dec '23 quarterly results after many subpar quarters. Prior mid-day reports cautioned members - "Earnings 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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FCX
- NYSE - METALS & MINING - Copper
Freeport Mcmrn Cpr&Gld
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$50.59 |
+0.00
0.00%
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$52.42
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$52.03
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-2.77% |
7,471,228
53.80%
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13,888,000
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Most Recent Note for FCX - 4/12/2024 11:58:14 AM
Reversed inot the red after early gain today hitting new multi-year highs. Held its ground following a noted spurt of volume-driven gains. Fundamental concern remain. This Phoenix, AZ-based Mining - Metal Ores firm has an erratic quarterly and annual earnings (C and A criteria) history, not a match with the fact-based investment system's fundamental guidelines.
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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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$9.48 |
+0.24
2.60%
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$9.80
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$9.31
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1.83% |
5,283,550
81.47%
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6,485,000
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Most Recent Note for HMY - 4/12/2024 11:59:09 AM
Powering to new multi-year highs with today's gap up gain. Stubbornly holding its ground during 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
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$39.74 |
+0.93
2.40%
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$39.80
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$38.82
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2.37% |
2,959,780
174.72%
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1,694,000
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Most Recent Note for INFA - 4/12/2024 11:59:57 AM
Hitting a new 52-week high with today's 2nd consecutive volume-driven gain 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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SEC |
News |
Chart | C
A N
S L
I M
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ING
- NYSE - INSURANCE - Life Insurance
I N G Group Nv Adr
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$15.94 |
-0.71
-4.26%
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$16.02
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$17.18
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-7.22% |
2,237,092
70.79%
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3,160,000
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Most Recent Note for ING - 4/12/2024 12:01:34 PM
Gapped down today for a 4th consecutive loss, pulling back from multi-year highs. Reported Dec '23 quarterly earnings +57% on +15% sales revenues versus the year ago period, its 4th strong quarterly comparison versus the year-ago period. Annual earnings history (A criteria) has been up and down.
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SEC |
News |
Chart | C
A N
S L
I M
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JPM
- NYSE - BANKING - Money Center Banks
J P Morgan Chase & Co
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$184.93 |
-10.50
-5.37%
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$188.93
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$200.94
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-7.97% |
14,596,448
180.16%
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8,102,000
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Most Recent Note for JPM - 4/12/2024 12:03:06 PM
Gapped down today and violated its 50 DMA line ($187.54) with a damaging volume-driven loss. Reported earnings +19% on +12% sales revenues for the Dec '23 quarter versus the year-ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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SEC |
News |
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A N
S L
I M
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KGC
- NYSE - METALS & MINING - Gold
Kinross Gold Corp
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$6.58 |
+0.10
1.54%
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$6.81
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$6.57
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0.15% |
13,224,349
91.21%
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14,498,000
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Most Recent Note for KGC - 4/12/2024 12:03:54 PM
Gapped up today hitting a new 52-week high and adding to a noted spurt of volume-driven gains. Prior mid-day reports noted - "Reported Dec '23 quarterly earnings +22% on +4% sales revenues versus the year ago period. The 5 prior quarterly earnings increases were well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is 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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MYRG
- NASDAQ - MATERIALS &; CONSTRUCTION - Heavy Construction
M Y R Group Inc
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$168.62 |
-2.55
-1.49%
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$172.00
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$181.02
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-6.85% |
105,721
77.74%
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136,000
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Most Recent Note for MYRG - 4/12/2024 12:04:34 PM
Consolidating near its all-time high and above its 50 DMA line ($162.75). Reported Dec '23 quarterly earnings -2% on +16% sales revenues versus the year-ago period. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth history has been strong but had a slight downturn in FY '22.
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A N
S L
I M
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NDAQ
- NASDAQ - DIVERSIFIED SERVICES - Business/Management Services
Nasdaq Omx Group Inc
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$61.75 |
-1.31
-2.08%
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$62.82
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$64.25
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-3.89% |
1,755,366
50.49%
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3,477,000
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Most Recent Note for NDAQ - 4/12/2024 12:05:54 PM
Pulling back today, slumping after volume-driven gains this week. Fundamental concerns remain. Reported earnings +13% on +4% sales revenues for the Dec '23 quarter versus the year ago period. Prior quarterly comparisons showed earnings increases below the +25% minimum guideline (C criteria).
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A N
S L
I M
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NICE
- NASDAQ - Computer Sftwr-Security
Nice Ltd Adr
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$235.70 |
-4.50
-1.87%
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$238.13
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$270.73
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-12.94% |
190,132
50.43%
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377,000
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Most Recent Note for NICE - 4/12/2024 12:08:22 PM
This Israel-based Computer Software - Security firm is violating its 50 DMA line ($238.64) with today's loss. Steadily slumping after a "negative reversal" at its all-time high when last noted with caution in the 3/25/24 mid-day report - "Fundamental concerns remain. Reported Dec '23 quarterly earnings +16% on +10% sales revenues versus the year-ago period. Prior quarterly earnings history has been below the +25% minimum guideline (C criteria)."
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A N
S L
I M
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SAP
- NYSE - COMPUTER SOFTWARE & SERVICES - Application Software
S A P Ag Adr
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$182.11 |
-3.56
-1.92%
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$182.75
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$199.29
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-8.62% |
583,928
87.28%
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669,000
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Most Recent Note for SAP - 4/12/2024 12:08:58 PM
Slumping below its 50 DMA line ($186.91) 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 downturn 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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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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