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 MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 21ST, 2024
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DOW 39103.05 -31.71 (-0.08%) | NASDAQ 17737.97 16.39 (0.09%) | S&P 500 5468.7 -4.47 (-0.08%)
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Time of Screening :
6/21/2024 12:03:27 PM Report Released :
6/21/2024 12:29:39 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 75% 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
|
$372.28
|
-9.86
-2.58%
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$380.99
|
2,912,229
78.69% of 50 DAV
50 DAV is 3,701,000
|
$394.64
-5.67%
|
5/28/2024 |
$351.47
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PP = $365.10
MB = $383.36 |
Most Recent Note - 6/21/2024 12:12:51 PM
Y - Encountered some distributional pressure and it is consolidating below its "max buy" level. Its 50 DMA line ($330) defines near-term support to watch. 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.
>>> 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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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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$1,700.00 |
-34.56
-1.99%
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$1,714.00
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$1,851.62
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-8.19% |
2,891,109
93.53%
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3,091,000
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Most Recent Note for AVGO - 6/21/2024 12:06:09 PM
Pulling back from its all-time high with today's 3rd consecutive loss backed by above-average volume. Recently found support near its 50 DMA line ($1,393). 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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SEC |
News |
Chart | C
A N
S L
I M
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CMRE
- NYSE - Transportation-Ship
Costamare Inc
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$16.70 |
+0.35
2.14%
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$16.87
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$16.46
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1.46% |
584,309
97.55%
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599,000
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Most Recent Note for CMRE - 6/21/2024 12:10:28 PM
Greek shipping firm is hitting a new 52-week high with today's 4th consecutive gain. Prior mid-day reports noted - "Reported Mar '24 quarterly earnings +66% on +89% sales revenues versus the year ago period. Prior 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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A N
S L
I M
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COST
- NASDAQ - RETAIL - Discount, Variety Stores
Costco Wholesale Corp
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$859.46 |
-2.99
-0.35%
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$866.97
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$873.96
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-1.66% |
1,399,244
80.56%
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1,737,000
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Most Recent Note for COST - 6/21/2024 12:11:35 PM
Hovering near its all-time high after wedging higher in recent weeks since clearing the prior high ($787). Fundamental concerns remain. Reported earnings +10% on +9% sales revenues for the May '24 quarter versus the year ago period. Prior quarterly earnings comparisons 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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ECL
- NYSE - CONSUMER NON-DURABLES - Cleaning Products
Ecolab Inc
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$242.63 |
-1.26
-0.52%
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$245.73
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$245.26
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-1.07% |
916,137
83.74%
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1,094,000
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Most Recent Note for ECL - 6/21/2024 12:14:12 PM
Perched at new 52-week and all-time highs today after an impressive spurt of volume-driven gains. Fundamental concerns remain as noted in prior mid-day reports - "Annual earnings growth has been slow and steady. Quarterly comparisons have shown sales revenues and earnings increases below the +25% guideline."
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News |
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A N
S L
I M
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FIX
- NYSE - MATERIALS & CONSTRUCTION - General Contractors
Comfort Systems U S A
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$310.56 |
-11.84
-3.67%
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$319.24
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$352.45
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-11.89% |
314,203
86.08%
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365,000
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Most Recent Note for FIX - 6/21/2024 12:16:49 PM
Fundamentals remain strong after reporting Mar '24 quarterly earnings +78% on +31% sales revenues versus the year-ago period. Pulling back below its 50 DMA line testing prior lows with today's loss. Retreated from its all-time high encountering distributional pressure in recent weeks. Patient investors may watch for a new base to possibly develop and be noted in the weeks ahead. Found support at its 200 DMA line and then rebounded and made steady progress since dropped from the Featured Stocks list on 10/03/23.
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A N
S L
I M
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GLRE
- NASDAQ - INSURANCE - Property &; Casualty Insurance
Greenlight Capital Re
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$13.01 |
+0.04
0.31%
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$13.13
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$13.61
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-4.41% |
40,029
75.53%
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53,000
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Most Recent Note for GLRE - 6/21/2024 12:19:02 PM
Reported Mar '24 quarterly earnings +359% on +23% sales revenues versus the year-ago period. Its 50 DMA line ($12.78) defines important near-term support to watch. Noted with caution in prior mid-day reports - "Erratic quarterly and annual earnings (C and A criteria) history is a concern."
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SEC |
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A N
S L
I M
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HTBI
- NASDAQ - BANKING - Regional - Southeast Banks
Hometrust Bancshares Inc
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$27.71 |
-0.34
-1.19%
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$28.04
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$30.99
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-10.60% |
29,191
88.46%
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33,000
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Most Recent Note for HTBI - 6/21/2024 12:19:35 PM
Consolidating -10.5% off its 52-week high. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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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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$88.16 |
-0.67
-0.75%
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$88.88
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$89.91
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-1.95% |
1,216,293
86.82%
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1,401,000
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Most Recent Note for IRM - 6/21/2024 12:21:54 PM
Holding its ground at its all-time high today following a spurt of 14 gains in the past 15 sessions. 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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A N
S L
I M
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ITRI
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Itron Inc
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$98.97 |
+0.50
0.51%
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$99.40
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$111.00
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-10.84% |
405,584
75.67%
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536,000
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Most Recent Note for ITRI - 6/21/2024 12:23:03 PM
Retreated from near its 52-week high and violated its 50 DMA line with volume-driven losses this week. 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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A N
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I M
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JPM
- NYSE - BANKING - Money Center Banks
J P Morgan Chase & Co
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$194.41 |
-4.26
-2.14%
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$197.17
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$205.88
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-5.57% |
8,198,298
86.83%
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9,442,000
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Most Recent Note for JPM - 6/21/2024 12:24:41 PM
Consolidating near its 50 DMA line ($195). Reported earnings +8% on +9% sales revenues for the Mar '24 quarter versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines. Went through a deep consolidation since noted with caution in the 10/13/21 mid-day report.
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A N
S L
I M
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QCOM
- NASDAQ - TELECOMMUNICATIONS - Communication Equipment
Qualcomm Inc
|
$213.57 |
-1.90
-0.88%
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$213.81
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$230.63
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-7.40% |
7,403,926
77.39%
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9,567,000
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Most Recent Note for QCOM - 6/21/2024 12:27:09 PM
Pulling back from it 52-week high with today's 2nd consecutive volume-driven loss. Stubbornly held its ground in recent weeks. Prior mid-day reports cautioned members - "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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A N
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I M
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RYAN
- NYSE - INSURANCE - Insurance Brokers
Ryan Specialty Hlds Cl A
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$59.15 |
+3.79
6.84%
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$59.66
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$57.09
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3.60% |
1,184,108
172.36%
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687,000
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Most Recent Note for RYAN - 6/21/2024 12:28:38 PM
Gapped up today hitting a new all-time high with its 4th consecutive volume-driven gain, rallying from support at its 50 DMA line ($53). Reported Sep, Dec '23, and Mar '24 quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Prior quarterly results were subpar.
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I M
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UBS
- NYSE - BANKING - Money Center Banks
U B S Ag
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$30.14 |
-1.06
-3.40%
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$30.67
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$32.13
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-6.19% |
1,769,729
79.57%
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2,224,000
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Most Recent Note for UBS - 6/21/2024 12:29:20 PM
Consolidating after challenging prior highs in the $31-32 area which acted as stubborn resistance in prior months. Prior mid-day reports noted - "Reported +63% earnings on +71% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons have been erratic, fundamentally below guidelines of the fact-based investment system."
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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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