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 MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 30TH, 2023
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DOW 32959.17 -134.17 (-0.41%) | NASDAQ 13000.41 24.72 (0.19%) | S&P 500 4197.69 -7.76 (-0.18%)
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Time of Screening :
5/30/2023 2:04:43 PM Report Released :
5/30/2023 7:22:08 PM
Price is:
Above 52W High and Less Than 52W High
but within 10% of the 52 Week High
Volume Is:
At least 120% 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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$176.35
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+6.00
3.52%
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$178.36
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4,146,233
135.63% of 50 DAV
50 DAV is 3,057,000
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$171.44
2.86%
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5/30/2023 |
$176.35
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PP = $171.54
MB = $180.12 |
Most Recent Note - 5/30/2023 2:13:18 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/23/23 high plus 10 cents. Hitting a new 52-week high with today's 4th consecutive volume-driven gain. Reported Mar '23 quarterly earnings +70% on +54% sales revenues versus the year-ago period and fundamentals remain strong. Found support at its 200 DMA line in recent weeks since dropped from the Featured Stocks list on 5/03/23.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/3/2023. 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 |
AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$825.80 |
+13.07
1.61%
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$921.78
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$732.39
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12.75% |
7,747,499
367.01%
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2,111,000
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Most Recent Note for AVGO - 5/30/2023 2:14:59 PM
Gapped up today hitting a new all-time high with its 4th consecutive volume-driven gain. Reported earnings +23% on +16% sales revenues for the Jan '23 quarter versus the year ago period. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CODA
- NASDAQ - Aerospace/Defense
Coda Octopus Group Inc
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$10.37 |
+0.49
4.93%
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$10.47
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$9.63
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7.65% |
110,330
649.00%
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17,000
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Most Recent Note for CODA - 5/30/2023 2:17:00 PM
On track today for a 5th consecutive volume-driven gain and hitting new multi-year highs. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$217.93 |
+2.49
1.16%
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$222.14
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$213.88
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1.89% |
6,600,150
121.53%
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5,431,000
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Most Recent Note for CRM - 5/30/2023 2:21:05 PM
Reported Jan '23 quarterly earnings +100% on +14% sales revenues versus the year ago period. Went through a deep consolidation from its all-time high since last noted with caution in the 12/01/21 mid-day report. Large supply of 1 billion shares outstanding (S criteria) makes it an unlikely sprinter, and is already owned by more than 4,260 top-rated funds (I criteria). Quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history remains a concern.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CSIQ
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Canadian Solar Inc
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$43.20 |
-0.37
-0.84%
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$45.29
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$47.69
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-9.43% |
1,368,896
128.90%
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1,062,000
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Most Recent Note for CSIQ - 5/30/2023 2:22:38 PM
Faces resistance due to overhead supply up to the $47 level. Reported strong earnings increases in the Jun, Sep, Dec '22, and Mar '23 quarters versus the year ago period. Annual earnings history is not a match with the fact-based investment system's fundamental guidelines (A criteria).
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ELTK
- NASDAQ - ELECTRONICS - Printed Circuit Boards
Eltek Ltd
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$8.10 |
+0.60
8.02%
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$8.50
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$7.82
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3.60% |
67,099
216.45%
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31,000
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Most Recent Note for ELTK - 5/30/2023 2:24:00 PM
Fundamental concerns remain. Hitting new multi-year highs with today's gain.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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MPWR
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Monolithic Power Systems
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$516.81 |
-4.11
-0.79%
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$553.64
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$541.39
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-4.54% |
739,381
134.68%
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549,000
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Most Recent Note for MPWR - 5/30/2023 2:25:58 PM
Today's early gain cleared its Aug '22 high but it reversed into the red. Faces some resistance due to overhead supply up to the $580 level. Reported earnings +22% on +19% sales revenues for the Mar '23 quarter versus the year ago period, breaking a streak of 5 consecutive strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
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.
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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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likewise used for identification purposes only.
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