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 MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 11TH, 2024
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DOW 38650.79 -217.25 (-0.56%) | NASDAQ 17179.48 -13.05 (-0.08%) | S&P 500 5346.19 -14.6 (-0.27%)
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Time of Screening :
6/11/2024 12:01:20 PM Report Released :
6/11/2024 12:33:06 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 |
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Max Buy |
CRWD
-
Crowd Strike
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$375.25
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+0.68
0.18%
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$379.90
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2,934,270
89.60% of 50 DAV
50 DAV is 3,275,000
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$384.98
-2.53%
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5/28/2024 |
$351.47
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PP = $365.10
MB = $383.36 |
Most Recent Note - 6/11/2024 12:06:00 PM
Y - Hit a new all-time high with a big "breakaway gap" and volume-driven gain on the prior session triggering a technical buy signal. Rebounded above its 50 DMA line ($320) last week. 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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GVA
- NYSE
Granite Construction Inc
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$59.76
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+0.27
0.45%
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$59.90
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275,500
66.71% of 50 DAV
50 DAV is 413,000
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$64.33
-7.10%
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6/11/2024 |
$59.76
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PP = $64.33
MB = $67.55 |
Most Recent Note - 6/11/2024 12:13:30 PM
Y - Color code is changed to yellow as a vaild secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. Reported improved earnings in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NVO
- NYSE
Novo Nordisk A/S Adr
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$141.75
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-1.89
-1.31%
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$142.04
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2,413,305
64.22% of 50 DAV
50 DAV is 3,758,000
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$143.94
-1.52%
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6/7/2024 |
$143.06
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PP = $138.38
MB = $145.30 |
Most Recent Note - 6/11/2024 12:20:46 PM
Y - Pausing today after 8 consecutive gains while wedging to new all-time highs. Color code was changed to yellow with pivot point cited based on its 3/07/24 high. To clinch a proper technical buy signal gains above the pivot point must be backed by at least +40% above-average volume. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2024. Click here.
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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 |
ALTR
- NASDAQ - Computer Sftwr-Design
Altair Engineering Cl A
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$92.42 |
-0.50
-0.54%
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$93.20
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$96.84
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-4.56% |
276,704
73.59%
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376,000
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Most Recent Note for ALTR - 6/11/2024 12:02:50 PM
Gapped up on the prior session hitting a new 52-week high after testing its 50 DMA line. Reported earnings +11% on +4% sales revenues for the Mar '24 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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FSLR
- NASDAQ - ELECTRONICS - Semiconductor - Broad Line
First Solar Inc
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$284.34 |
+4.54
1.62%
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$289.00
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$286.60
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-0.79% |
1,681,504
60.70%
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2,770,000
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Most Recent Note for FSLR - 6/11/2024 12:06:52 PM
Hitting another new 52-week high today. It has been quickly 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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A N
S L
I M
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IGIC
- NASDAQ - INSURANCE - Property & Casualty Insurance
International Gen Ins Hld
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$14.40 |
+0.39
2.75%
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$14.43
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$15.26
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-5.67% |
40,149
59.04%
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68,000
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Most Recent Note for IGIC - 6/11/2024 12:14:31 PM
Still consolidating above its 50 DMA line ($13.89) and remains perched within striking distance of its 52-week high. Reported Mar '24 quarterly earnings +18% on +10% sales revenues versus the year-ago period. Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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SEC |
News |
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A N
S L
I M
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KKR
- NYSE - Finance-Investment Mgmt
K K R & Co Lp
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$108.78 |
-0.18
-0.16%
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$109.05
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$110.72
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-1.76% |
2,596,687
65.47%
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3,966,000
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Most Recent Note for KKR - 6/11/2024 12:15:12 PM
Gapped up on the prior session and rallied to new 52-week and all-time highs with a big volume-driven gain. Found support near its 50 DMA line ($100) again recently. Erratic quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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News |
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A N
S L
I M
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LLY
- NYSE - Medical-Diversified
Lilly Eli & Co
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$859.60 |
-5.40
-0.62%
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$882.14
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$871.63
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-1.38% |
1,957,113
74.84%
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2,615,000
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Most Recent Note for LLY - 6/11/2024 12:16:11 PM
Reversed into the red today after hitting new all-time highs with a spurt of gains since clearing an orderly base. Reported Mar '24 quarterly earnings +59% on +26% sales revenues versus the year-ago period. Fundamental concerns remain as the 2 prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. It has made impressive price progress since dropped from the Featured Stocks list on 8/11/22.
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A N
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I M
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NEE
- NYSE - UTILITIES - Electric Utilities
Nextera Energy Inc
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$72.41 |
-4.56
-5.92%
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$75.32
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$80.47
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-10.02% |
10,542,463
94.59%
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11,145,000
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Most Recent Note for NEE - 6/11/2024 12:17:19 PM
Slumping toward its 50 DMA line ($70.89) with today's big loss. This Utility - Electric firm is not a match with the fact-based investment system's fundamental guidelines (C criteria).
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A N
S L
I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$50.47 |
-0.95
-1.85%
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$50.73
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$53.28
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-5.28% |
153,376
94.68%
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162,000
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Most Recent Note for NMM - 6/11/2024 12:18:25 PM
Pulling back from its 52-week high with today's 3rd volume-driven loss in the span of 4 sessions. 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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NTAP
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Netapp Inc
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$124.19 |
+1.29
1.05%
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$125.78
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$122.91
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1.04% |
1,126,959
58.03%
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1,942,000
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Most Recent Note for NTAP - 6/11/2024 12:19:48 PM
Hitting new multi-year highs while recently wedging higher after noted volume-driven gains. Found support near its 50 DMA line during its consolidation after a considerable "breakaway gap" noted on 3/04/24. Reported Apr '24 quarterly earnings +17% on +6% sales revenues versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down.
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A N
S L
I M
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RBA
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Ritchie Bros Auctioneers
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$79.03 |
-0.09
-0.11%
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$79.61
|
$80.67
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-2.03% |
719,083
91.02%
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790,000
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Most Recent Note for RBA - 6/11/2024 12:23:48 PM
Perched within stiking distance of its all-time high today following a big volume-driven gain on the prior session. Reported Mar '24 quarterly earnings +58% on +108% sales revenues versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria) and so it is not a great match with the fact-based investment system's fundamental guidelines.
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A N
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I M
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TPL
- NYSE - Real Estate Dvlpmt/Ops
Texas Pacific Land Trust
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$746.70 |
+23.42
3.24%
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$748.58
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$732.26
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1.97% |
107,351
141.25%
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76,000
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Most Recent Note for TPL - 6/11/2024 12:28:28 PM
Today's 2nd consecutive volume-driven gain has it clearing prior highs but it still faces some resistance due to overhead supply up to the $913 level. Reported Mar '24 quarterly earnings +33% opn +19% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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A N
S L
I M
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WHD
- NYSE - Oil&Gas-Machinery/Equip
Cactus Inc
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$53.21 |
+0.41
0.77%
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$53.41
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$57.00
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-6.66% |
334,381
61.35%
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545,000
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Most Recent Note for WHD - 6/11/2024 12:33:01 PM
Gapped up on the prior session rebounding above its 50 DMA line toward prior highs. Reported mar '24 quarterly earnings +17% on +20% sales revenues versus the year ago period, breaking a streak of quarterly earnings increases above the +25% minimum guideline (C criteria). Annual earnings history has been up and down, not a match with the fact-based investment system's fundamental guidelines.
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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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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