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 MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 18TH, 2024
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DOW 38791.36 13.26 (0.03%) | NASDAQ 17845.47 -11.55 (-0.06%) | S&P 500 5481.32 8.09 (0.15%)
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Time of Screening :
6/18/2024 12:10:21 PM Report Released :
6/18/2024 12:34:17 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 |
USLM
- NASDAQ
United States Lime&Mnrls
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$356.30
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+1.71
0.48%
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$359.30
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20,876
86.98% of 50 DAV
50 DAV is 24,000
|
$378.78
-5.93%
|
6/18/2024 |
$356.30
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PP = $378.88
MB = $397.82 |
Most Recent Note - 6/18/2024 12:34:11 PM
Y - Color code is changed to yellow with new pivot point cited based on its 5/15/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new technical buy signal. Rebounding toward the prior high with today's 3rd consecutive gain with ever-increasing volume. Recently found prompt support near its 50 DMA line ($333). Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2024. Click here.
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A N
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I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AMKR
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Cir
Amkor Technology Inc
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$39.49 |
+2.82
7.69%
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$39.57
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$37.00
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6.73% |
1,215,527
125.57%
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968,000
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Most Recent Note for AMKR - 6/18/2024 12:11:24 PM
Found support above its 50 DMA line and it is rallying to a new 52-week high with today's 2nd consecutive big volume-diven gain. Reported Mar '24 quarterly earnings +33% on -7% sales revenues versus the year ago period. Prior 5 quarterly comparisons were down from the year ago periods. Annual earnings (A criteria) history has been up and down.
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A N
S L
I M
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AVGO
- NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits
Broadcom Inc
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$1,805.41 |
-23.46
-1.28%
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$1,851.62
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$1,843.00
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-2.04% |
4,829,314
169.39%
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2,851,000
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Most Recent Note for AVGO - 6/18/2024 12:13:14 PM
Gapped up hitting another new all-time high on the prior session with a 7th consecutive gain backed volume. Recently found support near its 50 DMA line ($1,377). Reported Apr '24 quarterly earnings +6% on +43% sales revenues versus the year ago period, its 6th subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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A N
S L
I M
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AYI
- NYSE - WHOLESALE - Electronics Wholesale
Acuity Brands Inc
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$249.47 |
-9.77
-3.77%
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$256.65
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$272.74
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-8.53% |
145,715
65.64%
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222,000
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Most Recent Note for AYI - 6/18/2024 12:13:41 PM
Reported Feb '24 quarterly earnings +10% on -4% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria).
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A N
S L
I M
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CMG
- NYSE - LEISURE - Restaurants
Chipotle Mexican Grill
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$3,435.11 |
+69.65
2.07%
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$3,435.11
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$3,384.04
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1.51% |
212,696
80.57%
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264,000
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Most Recent Note for CMG - 6/18/2024 12:14:23 PM
Found prompt support at its 50 DMA line ($3,117) and hitting a new all-time high with today's 6th consecutive gain rising from a "late stage" base. Reported Mar '24 quarterly earnings +27% on +14% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum (C criteria). Its annual earnings (A criteria) history included a downturn in FY '20 followed by much stronger FY '21 and '22 results. Already owned by 2,479 top-rated funds as of Mar '24.
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A N
S L
I M
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CRH
- NYSE - Bldg-Cement/Concrt/Ag
C R H Plc Adr
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$77.72 |
-1.00
-1.27%
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$79.49
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$88.00
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-11.68% |
3,838,453
64.36%
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5,964,000
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Most Recent Note for CRH - 6/18/2024 12:14:56 PM
Sputtering since it recently met resistance at its 50 DMA line ($79.90) which is now downward sloping and recent volume-driven losses have it testing near the prior low ($76.11 on 4/25/24) which defines important near-term support to watch. It was noted in prior mid-day reports - "Irish Building - Cement firm reported strong Mar '24 earnings versus a loss on +2% sales revenues versus the year-ago period. Subpar sales revenues growth is cause for concern. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '20."
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A N
S L
I M
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ITRI
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Itron Inc
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$103.83 |
+0.90
0.87%
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$104.35
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$111.00
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-6.46% |
2,625,078
580.77%
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452,000
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Most Recent Note for ITRI - 6/18/2024 12:16:59 PM
Gapped down on the prior session retreating from near its 52-week high and testing support at its 50 DMA line with a big loss backed by higher volume. Reported Mar '24 quarterly earnings +153% on +22% sales revenues versus the year ago period. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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LEN
- NYSE - Bldg-Resident/Comml
Lennar Corp Cl A
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$148.97 |
-7.54
-4.82%
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$154.04
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$172.59
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-13.69% |
2,712,043
139.29%
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1,947,000
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Most Recent Note for LEN - 6/18/2024 12:19:38 PM
Gapped down today, retreating further below its 50 DMA line ($157) which recently acted as resistance. Faces overhead supply up to the $172 level. Reported earnings +17% on +9% sales revenues for the May '24 quarter versus the year-ago period, its 7th quarterly comparison below the +25% minimum guideline (C criteria). There was a downturn in its FY '23 annual earnings history (A criteria).
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MLR
- NYSE - AUTOMOTIVE - Auto Parts
Miller Industries Inc
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$57.02 |
-0.95
-1.64%
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$58.21
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$61.87
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-7.84% |
37,947
61.20%
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62,000
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Most Recent Note for MLR - 6/18/2024 12:21:14 PM
Perched within striking distance of its 52-week high and consolidating above support at its 50 DMA line ($55.20). Reported Mar '24 quarterly earnings +81% on +24% sales revenues versus the year-ago period, its 7th very strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a great match with the fundamental guidelines of the fact-based investment system. Went through a significant consolidation after dropped from the Featured Stocks list on 1/16/20.
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OLLI
- NASDAQ - Retail-Discount&Variety
Ollies Bargain Outlet Holdings, Inc
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$99.05 |
+3.07
3.20%
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$99.26
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$96.53
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2.61% |
722,091
66.43%
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1,087,000
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Most Recent Note for OLLI - 6/18/2024 12:22:03 PM
Hitting another new 52-week high with today's gain adding to a recent spurt of volume-driven gains. Reported earnings +49% on +11% sales revenues for the Apr '24 quarter versus the year ago period, its 5th strong quarterly comparison well above the +25% minimum guideline. Annual earnings (A criteria) had a downturn in FY '23 following years of steady growth. Went through choppy and deep consolidations after dropped from the Featured Stocks list on 12/07/18.
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ONTO
- NYSE - ELECTRONICS - Semiconductor Equipment
Onto Innovation Inc
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$230.07 |
+7.43
3.34%
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$233.05
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$238.13
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-3.38% |
300,199
65.12%
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461,000
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Most Recent Note for ONTO - 6/18/2024 12:24:54 PM
Consolidating above its 50 DMA line ($207.50) and perched within striking distance of its all-time high. Reported Mar '24 quarterly earnings +28% on +15% sales revenues versus the year ago period. Prior quarterly comparisons were lower than the year-ago periodss, well below the +25% minimum earnings guideline (C criteria). Annual earnings history had a downturn in FY '23.
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QCOM
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Qualcomm Inc
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$228.89 |
+6.67
3.00%
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$230.63
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$222.67
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2.79% |
11,060,345
123.59%
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8,949,000
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Most Recent Note for QCOM - 6/18/2024 12:26:05 PM
Hitting a new 52-week high with today's 2nd consecutive volume-driven gain after stubbornly holding its ground in recent weeks. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +13% on +1% sales revenues versus the year ago period. Prior quarterly earnings increases were below the fact-based investment system's +25% earnings guideline. Annual earnings (A criteria) history has been up and down."
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TSM
- NYSE - ELECTRONICS - Semiconductor - Integrated Cir
Taiwan Semiconductor Adr
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$182.07 |
+4.83
2.72%
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$184.86
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$178.67
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1.90% |
14,522,013
101.40%
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14,321,000
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Most Recent Note for TSM - 6/18/2024 12:29:09 PM
Hitting another new all-time high today, stubbornly holding its ground in recent weeks and making steady progress above prior highs in the $158-160 area. Reported Mar '24 quarterly earnings +4% on +11% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '23, breaking a streak of strong and steady growth. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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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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