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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 25TH, 2024
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DOW 39060.07 -351.14 (-0.89%) | NASDAQ 17677.97 181.15 (1.04%) | S&P 500 5457.79 9.92 (0.18%)
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Time of Screening :
6/25/2024 12:44:56 PM Report Released :
6/25/2024 1:02:05 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 |
NVO
- NYSE
Novo Nordisk A/S Adr
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$146.42
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+4.14
2.91%
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$148.15
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4,357,262 118.02% of 50 DAV
50 DAV is 3,692,000
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$144.50 1.33%
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6/7/2024 |
$143.06
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PP = $138.38 MB = $145.30 |
Most Recent Note - 6/25/2024 12:56:04 PM
G - Gapped up today for a new all-time high with higher volume behind its 5th consecutive gain. Color code is changed to green after rising above its "max buy" level. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2024. 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 |
AJG
- NYSE - INSURANCE - Insurance Brokers
Gallagher Arthur J & Co
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$261.92 |
-3.27 -1.23%
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$266.39
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$266.28
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-1.64% |
544,577 66.17%
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823,000
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Most Recent Note for AJG - 6/25/2024 12:46:13 PM
Hit a new all-time high today and revversed into the red. Fundamental concerns remain as noted in prior mid-day reports - "Quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria). Insurance firm's annual earnings (A criteria) history has been steady."
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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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$1,578.94 |
-13.28 -0.83%
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$1,606.04
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$1,851.62
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-14.73% |
2,482,106 74.99%
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3,310,000
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Most Recent Note for AVGO - 6/25/2024 12:47:23 PM
Pulling back from its all-time high with today's 5th consecutive loss backed by above-average volume. Near-term support to watch is its 50 DMA line ($1,401). 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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EPAC
- NYSE - Machinery-Tools & Rel
Enerpac Tool Group Corp
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$36.16 |
-2.44 -6.32%
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$38.34
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$39.49
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-8.43% |
534,826 186.35%
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287,000
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Most Recent Note for EPAC - 6/25/2024 12:50:36 PM
Pulling back from its 52-week high, violating its 50 DMA line ($37.36) with today's big volume-driven loss. Reported May '24 quarterly earnings +21% on -4% sales revenues versus the year-ago period. Quarterly earnings growth has not been strong and steady and subpar sales revenues growth is also a concern, fundamentally. Annual earnings (A criteria) history has been erratic.
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A N
S L
I M
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IHG
- NYSE - LEISURE - Lodging
Intercontinental Hotels
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$106.46 |
+0.36
0.33%
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$107.07
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$112.08
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-5.02% |
134,677 78.76%
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171,000
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Most Recent Note for IHG - 6/25/2024 12:51:19 PM
Rebounding toward its prior high after consolidating above its 50 DMA line ($101). Reported earnings +19% on +14% sales revenues for the quarters ended Sep 30th and Dec 31st, 2023 versus the year ago periods. Prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a big downturn in FY '20.
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SEC |
News |
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A N
S L
I M
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KFY
- NYSE - DIVERSIFIED SERVICES - Staffing & Outsourcing Service
Korn Ferry International
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$67.43 |
+0.00
0.00%
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$68.12
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$70.78
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-4.73% |
266,795 78.01%
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342,000
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Most Recent Note for KFY - 6/25/2024 12:52:52 PM
Halted its slide after abruptly retreating from its 52-week high when last noted with caution in the 6/14/24 mid-day report - <i>"Earnings rose +25% on -5% sales revenues in the Apr '24 quarter versus the year ago period. Prior quarters were not strong and steady and its annual earnings (A criteria) history has been up and down."</i>
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I M
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RYAN
- NYSE - INSURANCE - Insurance Brokers
Ryan Specialty Hlds Cl A
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$59.50 |
-1.18 -1.94%
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$61.29
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$61.09
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-2.60% |
726,283 95.44%
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761,000
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Most Recent Note for RYAN - 6/25/2024 12:58:06 PM
Pulling back from its all-time high today following 5 consecutive volume-driven gains, rallying from support at its 50 DMA line ($53.39). 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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A N
S L
I M
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TSCO
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Tractor Supply Co
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$265.35 |
-12.02 -4.33%
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$275.70
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$290.38
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-8.62% |
1,291,378 117.40%
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1,100,000
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Most Recent Note for TSCO - 6/25/2024 1:00:25 PM
Abruptly retreating from its all-time high with today's considerable volume-driven loss violatng its 50 DMA line ($272) and testing the priro low ($262.67 on 6/03/24). Noted with caution in prior mid-day reports - "Fundamental concerns remain. Reported earnings +11% on +3% sales revenues for the Mar '24 quarter versus the year-ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings history has been steady."
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A N
S L
I M
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WMT
- NYSE - RETAIL - Discount, Variety Stores
Wal-Mart Stores
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$67.13 |
-1.77 -2.57%
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$67.59
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$69.04
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-2.77% |
10,062,130 62.25%
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16,163,000
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Most Recent Note for WMT - 6/25/2024 1:01:59 PM
Gapped down today, retreating after recently wedging into new all-time high territory. Bullish action came after it rteported earnings +22% on +6% sales revenues for the Apr '24 quarter versus the year ago period. The large retailer's sales revenues and earnings increases in quarterly comparisons do not meet the fact-based 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.
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be suitable for all investors and it is not to be deemed
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