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 MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 6TH, 2024
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DOW 38850.66 43.33 (0.11%) | NASDAQ 17158.02 -29.89 (-0.17%) | S&P 500 5350.75 -3.28 (-0.06%)
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Time of Screening :
6/6/2024 12:11:00 PM Report Released :
6/6/2024 12:39:02 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 |
CRWD
-
Crowd Strike
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$343.63
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+1.45
0.42%
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$349.34
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2,485,667
85.01% of 50 DAV
50 DAV is 2,924,000
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$365.00
-5.85%
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5/28/2024 |
$351.47
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PP = $365.10
MB = $383.36 |
Most Recent Note - 6/6/2024 12:14:27 PM
Y - Up again today following a big volume-driven gain on the prior session rebounding above its 50 DMA line ($317). Bullish action came after it reported Apr '24 quarterly earnings +63% on +33% sales revenues versus the year-ago period, continuing its strong earnings track record. Recent lows define important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/30/2024. Click here.
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SEC |
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A N
S L
I M
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USLM
- NASDAQ
United States Lime&Mnrls
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$335.19
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-0.31
-0.09%
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$335.19
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15,870
63.48% of 50 DAV
50 DAV is 25,000
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$378.78
-11.51%
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2/9/2024 |
$254.68
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PP = $265.09
MB = $278.34 |
Most Recent Note - 6/6/2024 12:37:03 PM
G - On track today for a 15th loss in the span of 16 sessions and testing its 50 DMA line ($327) which defines important near-term support to watch. More damaging losses would raise concerns and trigger a technical sell signal. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/14/2024. Click here.
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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 |
CARG
- NASDAQ - INTERNET - Content
Cargurus Inc Cl A
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$24.85 |
-0.03
-0.12%
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$25.67
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$24.98
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-0.52% |
596,060
78.64%
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758,000
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Most Recent Note for CARG - 6/6/2024 12:13:11 PM
Hitting a new 52-week high with today's gain after an orderly consolidation above its 50 DMA line ($23.19). Reported Mar '24 quarterly earnings +23% on -7% sales revenues versus the year ago period. Prior history has not been strong and steady.
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SEC |
News |
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A N
S L
I M
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CSWC
- NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity
Capital Southwest Corp
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$26.10 |
+0.08
0.31%
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$26.24
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$27.22
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-4.11% |
207,683
73.65%
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282,000
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Most Recent Note for CSWC - 6/6/2024 12:14:50 PM
Finding support above its 50 DMA line ($25.58) with today's 7th consecutive gain marked by volume. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +9% on +25% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings growth has been strong since turning profitable in FY '17."
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SEC |
News |
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A N
S L
I M
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CVLT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Commvault Systems Inc
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$117.09 |
+4.04
3.57%
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$117.48
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$113.66
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3.01% |
240,276
77.01%
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312,000
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Most Recent Note for CVLT - 6/6/2024 12:15:55 PM
Powering to a new 52-week high with today's 4th consecutive volume-driven gain. Reported earnings +8% on +10% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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A N
S L
I M
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ESEA
- NASDAQ - TRANSPORTATION - Shipping
Euroseas Ltd
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$39.46 |
+0.60
1.54%
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$39.47
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$42.29
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-6.69% |
19,364
64.55%
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30,000
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Most Recent Note for ESEA - 6/6/2024 12:16:56 PM
Challenged its 52-week high during a streak of 6 consecutive gains backed by ever-increasing volume. Recently found prompt support near its 50 DMA line ($36.25) when consolidating. Prior mid-day reports cautioned members - "Reported Mar '24 quarterly earnings -14% on +11% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has been below the fundamental guidelines of the fact-based investment system.
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SEC |
News |
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A N
S L
I M
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IRM
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Iron Mountain Inc
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$83.96 |
+1.62
1.97%
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$84.77
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$83.00
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1.16% |
748,732
61.47%
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1,218,000
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Most Recent Note for IRM - 6/6/2024 12:18:43 PM
Hitting a new all-time high with today's 5th consecutive gain. Through the Mar '24 quarter its sales revenues and earnings growth history is below guidelines of the fact-based investment system.
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SEC |
News |
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A N
S L
I M
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LOGI
- NASDAQ - COMPUTER HARDWARE - Computer Peripherals
Logitech Intl Sa
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$101.91 |
+1.92
1.92%
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$102.59
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$100.09
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1.82% |
299,302
61.97%
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483,000
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Most Recent Note for LOGI - 6/6/2024 12:21:37 PM
Gapped up today hitting a new 52-week high. Reported Mar '24 quarterly earnings +98% on +5% sales revenues versus the year ago period. Prior 7 quarters showed waning sales revenues. Fundamental concerns remain. Went through a deep consolidation since dropped from the Featured Stocks list on 8/03/21 when noted with caution.
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A N
S L
I M
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LPG
- NYSE - Oil&Gas-Transprt/Pipelne
Dorian LPG Ltd
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$44.53 |
-5.77
-11.47%
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$46.00
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$51.66
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-13.80% |
2,149,722
302.35%
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711,000
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Most Recent Note for LPG - 6/6/2024 12:22:42 PM
Gapped down today for a volume-driven loss, retreating from its all-time high. Reported Mar '24 quarterly earnings -2% on +6% sales revenues versus the year ago period, breaking a streak of very strong quarterly earnings comparisons above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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A N
S L
I M
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MTH
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
Meritage Homes Corp
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$175.70 |
-0.99
-0.56%
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$177.99
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$189.96
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-7.51% |
280,561
76.03%
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369,000
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Most Recent Note for MTH - 6/6/2024 12:24:19 PM
Consolidating near its all-time high, recently finding prompt support at its 50 DMA line ($169). Reported Mar '24 quarterly earnings +43% on +15% sales revenues versus the year-ago period. Prior 4 quarters showed earnings lower than the year ago-periods after the Dec '22 quarter was noted for breaking a long streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria).
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A N
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I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$52.39 |
-0.30
-0.56%
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$53.25
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$53.28
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-1.68% |
100,378
62.74%
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160,000
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Most Recent Note for NMM - 6/6/2024 12:24:51 PM
Powered to another new 52-week high with a volume-driven gain noted on the prior session. Stubbornly held its ground in recent weeks. Found support near prior highs after noted with caution in the 5/14/24 mid-day report - "Quarterly comparisons through Mar '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic."
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A N
S L
I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$1,207.02 |
-17.39
-1.42%
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$1,255.87
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$1,224.50
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-1.43% |
39,330,539
86.91%
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45,254,000
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Most Recent Note for NVDA - 6/6/2024 12:25:31 PM
Perched at its all-time high following recently noted gaps up and volume-driven gains after 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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A N
S L
I M
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PINS
- NYSE - INTERNET - Content
Pinterest Inc Cl A
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$42.00 |
+0.79
1.92%
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$42.47
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$43.12
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-2.60% |
5,562,791
60.50%
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9,194,000
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Most Recent Note for PINS - 6/6/2024 12:27:15 PM
Volume totals have been cooling in recent weeks while consolidating in a tight range near its 52-week high. Reported Mar '24 quarterly earnings +150% on +23% sales revenues versus the year-ago period, its 4th strong quarterly comparison. After a downturn in FY '22 its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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A N
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I M
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RACE
- NYSE - Auto Manufacturers
Ferrari NV
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$421.81 |
-0.60
-0.14%
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$423.54
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$442.80
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-4.74% |
146,738
60.14%
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244,000
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Most Recent Note for RACE - 6/6/2024 12:30:41 PM
Gapped up on the prior session rebounding above its 50 DMA line ($417) with a volume-driven gain. Noted with caution in prior mid-day reports - "Reported Mar '24 quarterly earnings +20% on +10% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons well above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20."
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TJX
- NYSE - RETAIL - Discount, Variety Stores
T J X Cos Inc
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$107.03 |
-0.76
-0.71%
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$107.95
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$107.82
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-0.73% |
4,214,173
70.14%
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6,008,000
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Most Recent Note for TJX - 6/6/2024 12:35:21 PM
Extended from any sound base and perched at its all-time high. Reported Apr '24 quarterly earnings +22% on +6% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum guideline (C criteria).
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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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