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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 29TH, 2024
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DOW 38521.27 -331.59 (-0.85%) | NASDAQ 16947.23 -72.65 (-0.43%) | S&P 500 5273.73 -32.31 (-0.61%)
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Time of Screening :
5/29/2024 11:58:59 AM Report Released :
5/29/2024 12:35:15 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 |
AROC
-
|
$19.74
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+0.04
0.20%
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$19.95
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850,343
58.12% of 50 DAV
50 DAV is 1,463,000
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$21.61
-8.65%
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5/20/2024 |
$21.23
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PP = $21.50
MB = $22.58 |
Most Recent Note - 5/29/2024 12:03:31 PM
G - Volume totals have been cooling while lingering below its 50 DMA line ($19.98) after volume-driven losses raised concerns. Only a prompt rebound above the 50 DMA line would help its outlook improve. There was a "negative reversal" and it closed near the session low on 5/21/24 after hitting new multi-year highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/20/2024. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PDD
- NASDAQ
Pinduoduo Inc Cl A
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$151.79
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+2.07
1.38%
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$154.28
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6,823,033
65.19% of 50 DAV
50 DAV is 10,467,000
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$164.69
-7.83%
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5/24/2024 |
$161.85
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PP = $153.09
MB = $160.74 |
Most Recent Note - 5/29/2024 12:29:50 PM
Y - Consolidating near prior highs, showing resilience today with a "positive reversal" after undercutting the prior high raising concerns. Color code was changed to yellow in the 5/24/24 mid-day report with pivot point cited based on its 1/11/24 high plus 10 cents. Rallied to new 52-week highs with 3 consecutive volume-driven gains clearing a 20-week base during which it found prompt support at its 200 DMA line. Quarterly comparisons through Mar '24 showed encouraging sales revenues and greatly improved earnings versus the year-ago periods with growth rate acceleration. After years of losses, it had a profitable FY '21-23 helping it better match the fundamental annual earnings (A criteria) guidelines of the fact-based investment system. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/28/2024. Click here.
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Company Profile |
SEC |
News |
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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 |
AGYS
- NASDAQ - Computer-Integrated Syst
Agilysys Inc
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$95.75 |
-4.11
-4.11%
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$100.38
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$105.00
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-8.81% |
140,760
76.92%
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183,000
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Most Recent Note for AGYS - 5/29/2024 12:00:29 PM
Retreating from its all-time high with today's 2nd consecutiev volume-driven loss. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly results below the +25% minimum guideline (C criteria). After years of losses it had profitable results in FY '20-22."
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A N
S L
I M
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AX
- NYSE - Finance-Savings & Loan
Axos Financial Inc
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$54.36 |
-1.41
-2.53%
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$54.74
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$63.00
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-13.71% |
269,632
59.39%
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454,000
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Most Recent Note for AX - 5/29/2024 12:09:47 PM
Abruptly retreating from its all-time high and below its 50 DMA line ($54.54) with today's 5th consecutive volume-driven loss. Two of the 3 latest quarterly comparisons through Mar '24 showed earnings increases below the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady.
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SEC |
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A N
S L
I M
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BRC
- NYSE - CHEMICALS - Specialty Chemicals
Brady Corporation Cl A
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$66.01 |
-2.30
-3.36%
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$67.85
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$68.80
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-4.06% |
190,894
59.65%
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320,000
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Most Recent Note for BRC - 5/29/2024 12:10:50 PM
Pulling back from its all-time high with today's loss after 4 consecutive volume-driven gains. Prior earnings and sales revenues growth history is not a match with the fact-based investment system's fundamental guidelines.
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SEC |
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A N
S L
I M
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CIB
- NYSE - BANKING - Foreign Regional Banks
Bancolombia Sa Ads
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$34.92 |
-0.94
-2.62%
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$35.51
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$37.85
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-7.74% |
161,697
58.16%
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278,000
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Most Recent Note for CIB - 5/29/2024 12:12:10 PM
Pulling back from its 52-week high toward its 50 DMA line ($34.52) after wedginfg from a "V" shaped consolidation in recent weeks. Fundamental concerns remain. This Colombia-based bank operating company's quarterly and annual earnings history has been erratic.
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News |
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A N
S L
I M
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$227.55 |
+32.55
16.69%
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$229.56
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$225.79
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0.78% |
2,814,053
280.28%
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1,004,000
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Most Recent Note for DKS - 5/29/2024 12:15:37 PM
Hit new 52-week and all-time highs with today's considerable gap up and volume-driven gain. Reported Apr '24 quarterly earnings -3% on +6% sales revenues versus the year ago period. Prior earnings comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history had a downturn in FY '23.
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SEC |
News |
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A N
S L
I M
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FSLR
- NASDAQ - ELECTRONICS - Semiconductor - Broad Line
First Solar Inc
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$280.88 |
+0.72
0.26%
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$286.27
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$283.64
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-0.97% |
1,976,305
79.59%
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2,483,000
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Most Recent Note for FSLR - 5/29/2024 12:16:15 PM
Up again today for a 5th volume-driven gain in the span of 6 sessions hitting new 52-week highs and approaching its all-time high ($317 in May '08). Reported Mar '24 quarterly earnings +450% on +45% sales revenues versus the year ago period. Recent quarterly comparisons show great improvement. Not a match with the fact-based investment system's guidelines (A criteria) after a loss in FY '22. It was dropped from the Featured Stocks list on 6/4/2008.
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I M
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GASS
- NASDAQ - Transportation-Ship
Stealthgas Inc
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$8.54 |
+0.04
0.52%
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$8.58
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$8.53
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0.17% |
177,366
132.36%
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134,000
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Most Recent Note for GASS - 5/29/2024 12:17:01 PM
Perched at its 52-week high today following 3 consecutive volume-driven gains. Made steady progress since finding support at its 200 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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A N
S L
I M
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HEI
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
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$219.45 |
+7.40
3.49%
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$225.61
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$219.35
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0.05% |
368,851
113.14%
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326,000
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Most Recent Note for HEI - 5/29/2024 12:18:55 PM
Hovering at its all-time high. Posted a couple of volume-driven gains since rallying from below its 50 DMA line. Reported Apr '24 quarterly earnings +16% on +39% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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A N
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I M
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$98.00 |
-2.49
-2.47%
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$99.33
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$112.08
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-12.57% |
116,412
65.03%
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179,000
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Most Recent Note for IHG - 5/29/2024 12:19:55 PM
Rebounded near its 50 DMA line ($100) which is downward sloping and acted as resistance. 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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A N
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I M
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JHG
- NYSE - Finance-Investment Mgmt
Janus Henderson Group
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$33.16 |
-0.63
-1.86%
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$33.31
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$34.96
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-5.15% |
721,306
70.30%
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1,026,000
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Most Recent Note for JHG - 5/29/2024 12:21:47 PM
Consolidating above its 50 DMA line ($32.48) after recently wedging to new 52-week highs. The UK-based advisory firm reported earnings +29% on +11% sales revenues for the Mar '24 quarter versus the year ago period, its 2nd strong comparison above the +25% minimum guideline (C criteria). Annual earnings history has been up and down.
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I M
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NBIX
- NASDAQ - DRUGS - Biotechnology
Neurocrine Biosciences
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$134.00 |
-6.48
-4.61%
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$136.37
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$148.37
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-9.69% |
630,454
80.31%
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785,000
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Most Recent Note for NBIX - 5/29/2024 12:23:37 PM
Gapped down today violating its 50 DMA line ($138) after it was perched within close distance of its all-time high. Found support recently near prior highs in the $129 area. The 5/22/24 mid-dayu report noted - "Reported Mar '24 quarterly earnings versus a loss on +23% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly and annual earnings growth has not been strong and steady since dropped from the Featured Stocks list on 8/07/20."
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A N
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I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$1,136.72 |
-2.29
-0.20%
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$1,148.71
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$1,149.39
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-1.10% |
28,328,458
61.48%
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46,076,000
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Most Recent Note for NVDA - 5/29/2024 12:24:49 PM
Hitting new all-time highs with recent gaps up and volume-driven gains clearing an 11-week "V" shaped consolidation. Reported Apr '24 quarterly earnings +461% on +262% sales revenues versus the year ago period, its 4th very strong quarter after 3 quarterly comparisons down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines. Completed the Mellanox Technologies (MLNX) acquisition on 4/27/20.
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PLMR
- NASDAQ - INSURANCE - Property & Casualty Insurance
Palomar Holdings Inc
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$84.65 |
+3.48
4.29%
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$86.07
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$89.22
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-5.12% |
93,098
58.19%
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160,000
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Most Recent Note for PLMR - 5/29/2024 12:33:00 PM
Gapped up today finding prompt support near its 50 DMA line ($81.29) following a recent "negative reversal" at its 52-week high. The 5/17/24 mid-day report last noted - "Little resistance remains due to old overhead supply up to the $95 level. Reported strong Sep, Dec '23, and Mar '24 quarters versus the year-ago periods. Annual earnings (A criteria) history has been strong after a downturn in FY '20. Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20."
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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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