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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 20TH, 2023
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DOW 33789.17 -107.84 (-0.32%) | NASDAQ 12113.84 -43.39 (-0.36%) | S&P 500 4137.11 -17.41 (-0.42%)
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Time of Screening :
4/20/2023 12:15:11 PM Report Released :
4/20/2023 12:56:18 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 |
ALGM
- NASDAQ
Allegro Microsystems Inc
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$42.04
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-1.60
-3.67%
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$42.54
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1,281,754
93.49% of 50 DAV
50 DAV is 1,371,000
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$48.72
-13.71%
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1/31/2023 |
$37.80
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PP = $38.38
MB = $40.30 |
Most Recent Note - 4/20/2023 12:16:04 PM
G - Gapped down today for a more damaging volume-driven loss undercutting prior lows and raising greater concerns after the 50 DMA violation on 4/17/23 triggered a noted technical sell signal. Only a prompt rebound above the 50 DMA line ($44.90) would help its outlook improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2023. Click here.
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A N
S L
I M
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PERI
- NASDAQ
Perion Networks Ltd
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$37.33
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-1.40
-3.61%
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$38.70
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880,613
115.26% of 50 DAV
50 DAV is 764,000
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$42.75
-12.68%
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1/25/2023 |
$31.79
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PP = $33.19
MB = $34.85 |
Most Recent Note - 4/20/2023 12:50:30 PM
G - Suffering a 3rd consecutive loss today with ever-increasing olume, abruptly retreating from its all-time high. Its 50 DMA line ($36.33) defines important near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/31/2023. Click here.
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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 |
AMAT
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Applied Materials Inc
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$115.59 |
+5.25
4.76%
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$116.04
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$125.62
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-7.98% |
3,954,793
61.09%
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6,474,000
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Most Recent Note for AMAT - 4/20/2023 12:19:43 PM
Today's gain has it rebounding toward its 50 DMA line. Reported earnings +7% on +7% sales revenues for the Jan '23 quarter, its 4th consecutive quarterly earnings comparison below the +25% minimum (C criteria). Annual earnings (A criteria) history included a downturn in FY '19. There is a large supply of 845.1 million shares outstanding (S criteria) and as of Mar '23 it is owned by 3,558 top-rated mutual funds (I criteria).
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A N
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I M
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BLD
- NYSE - Bldg-Constr Prds/Misc
Topbuild Corp
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$221.82 |
+6.82
3.17%
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$225.82
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$221.38
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0.20% |
167,174
72.68%
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230,000
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Most Recent Note for BLD - 4/20/2023 12:22:16 PM
Rebounding toward its all-time high with today's 9th gain in the span of 10 sessions. Went through a deep consolidation from its high reached after it was dropped from the Featured Stocks list on 10/05/21.
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FDP
- NYSE - FOOD & BEVERAGE - Farm Products
Fresh Del Monte Produce
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$29.21 |
-0.36
-1.22%
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$29.47
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$32.49
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-10.10% |
170,196
83.84%
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203,000
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Most Recent Note for FDP - 4/20/2023 12:23:10 PM
Reported strong earnings for the Dec '22 quarter versus a loss with +2% sales revenues versus the year-ago period. Subpar sales revenues growth and its erratic earnings history are not a match with the fact-based investment system's fundamental guidelines.
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A N
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FOUR
- NYSE - Finance-CrdtCard/PmtPr
Shift4 Payments
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$65.84 |
+3.25
5.19%
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$66.76
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$76.40
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-13.82% |
2,141,024
128.74%
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1,663,000
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Most Recent Note for FOUR - 4/20/2023 12:25:46 PM
Violated its 50 DMA line ($67.48) and encountered distributional pressure with volume-driven losses while slumping from near its 52-week high. Prior mid-day reports repeatedly cautioned members - "Faces resistance due to overhead supply up to the $103 level. Quarterly results through Dec '22 have shown strong sales revenues and earnings growth. After a loss in FY '20, it showed great earnings growth in FY '21 and '22."
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A N
S L
I M
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HCA
- NYSE - HEALTH SERVICES - Hospitals
H C A Holdings Inc
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$270.55 |
-2.44
-0.89%
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$273.48
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$279.02
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-3.04% |
785,561
66.97%
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1,173,000
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Most Recent Note for HCA - 4/20/2023 12:25:59 PM
Perched within close striking distance of its 52-week high. Reported earnings +5% on +3% sales revenues for the Dec '22 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings (C criteria) guideline. Annual earnings history included a downturn in FY '22. Completed Secondary Offerings on 12/12/12, 10/29/13, and 5/21/14. Has a new CEO as of 1/01/14.
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A N
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I M
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LEN
- NYSE - Bldg-Resident/Comml
Lennar Corp Cl A
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$113.86 |
+4.56
4.17%
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$113.90
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$113.16
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0.62% |
1,465,096
66.08%
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2,217,000
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Most Recent Note for LEN - 4/20/2023 12:27:26 PM
Gapped up today on track for a 5th consecutive gain, and it faces little resistance due to overhead supply up to the $117 level. The 3/16/23 mid-day report last noted - "Reported earnings -21% on +5% sales revenues for the Feb '23 quarter versus the year-ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). A noted downturn in its FY '19 annual earnings history (A criteria) has been followed by strong growth."
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LRCX
- NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate
Lam Research Corp
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$530.18 |
+39.16
7.98%
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$531.10
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$548.85
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-3.40% |
1,866,359
155.66%
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1,199,000
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Most Recent Note for LRCX - 4/20/2023 12:31:02 PM
Gapped up today rebounding above its 50 DMA line and challenging recent highs. Went through a deep consolidation from its all-time high since last noted with caution in the 1/13/22 mid-day report. This widely held Electronics - Semiconductor Equipment firm reported Mar '23 quarterly earnings -6% on -5% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong after a noted downturn in FY '19.
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MHO
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
M I Homes Inc
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$66.48 |
+1.72
2.66%
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$67.64
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$67.64
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-1.71% |
233,462
76.54%
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305,000
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Most Recent Note for MHO - 4/20/2023 12:33:17 PM
Gapped up today on track for a 5th consecutive gain. Some overhead supply remains to act as resistance up to the $74 level. Reported Dec '22 quarterly earnings +34% on +16% sales revenues versus the year-ago period. The 3 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Strong quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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MTD
- NYSE - ELECTRONICS - Scientific & Technical Instrum
Mettler Toledo Intl Inc
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$1,562.04 |
-36.95
-2.31%
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$1,577.91
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$1,615.97
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-3.34% |
71,198
83.76%
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85,000
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Most Recent Note for MTD - 4/20/2023 12:34:34 PM
Went through a deep consolidation since hitting a new all-time high in Dec '21. Reported earnings +15% on +2% sales revenues for the Dec '22 quarter versus the year-ago period. Sales revenues and earnings history has not been strong and steady, but well below the fundamental guidelines.
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NEU
- NYSE - CHEMICALS - Specialty Chemicals
Newmarket Corporation
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$370.43 |
+2.08
0.56%
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$371.28
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$370.80
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-0.10% |
25,527
62.26%
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41,000
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Most Recent Note for NEU - 4/20/2023 12:46:17 PM
The Chemicals - Specialty firm is perched near its 52-week high. Reported earnings +461% on +18% sales revenues for the Dec '23 quarter. Quarterly sales revenues and annual earnings (A criteria) increases have not been a match with the fact-based investment system's guidelines.
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ON
- NASDAQ - Elec-Semiconductor Mfg
O N Semiconductor Corp
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$75.00 |
-1.92
-2.50%
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$75.77
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$87.55
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-14.33% |
4,107,399
60.39%
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6,802,000
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Most Recent Note for ON - 4/20/2023 12:48:18 PM
Slumping below its 50 DMA line ($79.51) raising concerns because the 50 DMA line acted as support when it previously pulled back from its 52-week high with volume-driven losses. Prior mid-day reports noted - "Reported Dec '22 quarterly earnings +21% on +14% sales revenues versus the year-ago period, breaking a streak of 7 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady."
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PCAR
- NASDAQ - AUTOMOTIVE - Trucks & Other Vehicles
Paccar Inc
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$72.85 |
-0.06
-0.08%
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$73.01
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$76.72
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-5.04% |
1,945,371
66.67%
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2,918,000
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Most Recent Note for PCAR - 4/20/2023 12:49:37 PM
Rebounded above its 50 DMA line recently and it is perched within striking distance of its all-time high. Reported earnings +78% on +22% sales revenues for the Dec '22 quarter versus the year-ago period, its 5th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic.
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SSD
- NYSE - MANUFACTURING - Small Tools & Accessories
Simpson Manufacturing
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$116.20 |
+3.20
2.83%
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$116.38
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$115.45
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0.65% |
133,244
84.33%
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158,000
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Most Recent Note for SSD - 4/20/2023 12:51:27 PM
Wedging further above its 50 DMA line and recent highs with a spurt of gains, but it faces resistance due to overhead supply up to the $141 level. Reported Dec '22 quarterly earnings -16% on +14% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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STLA
- NYSE - Auto Manufacturers
Stallantis NV
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$17.57 |
-0.94
-5.08%
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$17.73
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$18.97
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-7.38% |
5,345,367
98.01%
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5,454,000
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Most Recent Note for STLA - 4/20/2023 12:52:52 PM
Gapped down today undercutting its 50 DMA line ($17.66). The 4/17/23 mid-day report noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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STM
- NYSE - ELECTRONICS - Semiconductor - Broad Line
Stmicroelectronics N V
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$47.76 |
-1.79
-3.61%
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$47.88
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$53.53
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-10.78% |
2,613,839
75.59%
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3,458,000
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Most Recent Note for STM - 4/20/2023 12:54:48 PM
Stalled after recently reaching a new all-time high and it gapped down today, slumping below its 50 DMA line ($49.38) This Switzerland-based manufacturer of Semiconductor products reported earnings +61% on +24% sales revenues for the Dec '22 quarter versus the year-ago period, its 9th consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '19.
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TAYD
- NASDAQ - MANUFACTURING - Diversified Machinery
Taylor Devices Inc
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$20.83 |
+0.21
1.02%
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$21.76
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$21.80
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-4.45% |
25,960
173.07%
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15,000
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Most Recent Note for TAYD - 4/20/2023 12:55:12 PM
Consolidating near its high after a considerable gap up on 3/30/23 hitting a new all-time high. Reported Feb '23 quarterly earnings versus a loss for the year-ago period, continuing a streak of strong quarterly comparisons with strong underlying sales revenues growth. Fundamental concerns remain due to up and down annual earnings (A criteria).
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WSO
- NYSE - Bldg-A/C & Heating Prds
Watsco Inc
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$334.65 |
+18.07
5.71%
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$356.60
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$356.60
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-6.16% |
412,667
125.43%
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329,000
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Most Recent Note for WSO - 4/20/2023 12:56:11 PM
Gapped up today hitting a new all-time high with a considerable volume-driven gain. It has been finding prompt support near its 50 DMA line ($307) in recent weeks. Reported earnings +76% on +5% sales revenues for the Dec '22 quarter versus the year-ago period. Three of the past 4 quarterly comparisons have been above the +25% minimum guideline (C criteria). Annual earnings growth has been strong.
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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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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