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 MIDDAY BREAKOUTS REPORT - TUESDAY, JULY 2ND, 2024
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DOW 39111.86 -57.66 (-0.15%) | NASDAQ 17900.75 21.45 (0.12%) | S&P 500 5475.73 0.64 (0.01%)
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Time of Screening :
7/2/2024 12:42:33 PM Report Released :
7/2/2024 1:02:11 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 65% 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 |
NVO
- NYSE
Novo Nordisk A/S Adr
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$142.57
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-2.85
-1.96%
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$143.37
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4,164,149
110.22% of 50 DAV
50 DAV is 3,778,000
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$148.15
-3.77%
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6/7/2024 |
$143.06
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PP = $138.38
MB = $145.30 |
Most Recent Note - 7/2/2024 12:56:58 PM
Y - Color code is changed to yellow while consolidating back below its "max buy" level. Fundamentals remain strong. Prior highs in the $138 area define initial support to watch above its 50 DMA line ($135.22). See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2024. 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 |
BLX
- NYSE - BANKING - Foreign Regional Banks
Banco Latinoamericano C
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$30.33 |
+0.35
1.17%
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$30.41
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$31.62
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-4.08% |
91,775
75.23%
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122,000
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Most Recent Note for BLX - 7/2/2024 12:44:11 PM
Rebounding above its 50 DMA line toward its 52-week high with today's 3rd consecutive volume-driven gain. Reported Mar '24 quarterly earnings +37% on +23% sales revenues versus the year ago period. Comparisons in prior quarters also showed very strong sales revenues and earnings increases. Up and down annual earnings (A criteria) history is a concern.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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ENSG
- NASDAQ - HEALTH SERVICES - Long-Term Care Facilities
Ensign Group Inc
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$125.70 |
+1.56
1.26%
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$126.08
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$127.58
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-1.47% |
203,846
71.52%
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285,000
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Most Recent Note for ENSG - 7/2/2024 12:46:00 PM
Today's 4th consecutive volume-driven gain has it perched within close striking distance of its all-time high after consolidating above its 50 DMA line. Reported earnings +15% on +14% sales revenues for the Mar '24 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong.
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SEC |
News |
Chart | C
A N
S L
I M
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ESEA
- NASDAQ - TRANSPORTATION - Shipping
Euroseas Ltd
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$40.70 |
+2.45
6.41%
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$41.60
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$42.29
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-3.76% |
110,972
396.33%
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28,000
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Most Recent Note for ESEA - 7/2/2024 12:47:19 PM
Rebounded above its 50 DMA line ($36.69) on the prior session and challenging its 52-week high with today's gap up and 2nd consecutive big volume-driven gain. 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 |
Chart | C
A N
S L
I M
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KEQU
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Kewaunee Scientific Corp
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$45.91 |
+1.91
4.34%
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$47.00
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$47.36
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-3.06% |
12,846
80.29%
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16,000
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Most Recent Note for KEQU - 7/2/2024 12:50:16 PM
Perched at its all-time high with today's gain adding to a spurt of volume-driven gains. Reported strong earnings increases in recent quarters through Apr '24. Subpar sales revenues growth and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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KGC
- NYSE - METALS & MINING - Gold
Kinross Gold Corp
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$7.93 |
-0.31
-3.76%
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$8.39
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$8.42
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-5.82% |
10,972,853
67.07%
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16,360,000
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Most Recent Note for KGC - 7/2/2024 12:52:14 PM
Retreating from a new 52-week high following volume-driven gains last week. Reported Mar '24 quarterly earnings +43% on +16% sales revenues versus the year ago period. Six of the 7 latest quarterly earnings increases were well above the +25% minimum guideline (C criteria). Its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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SEC |
News |
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A N
S L
I M
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LINC
- NASDAQ - DIVERSIFIED SERVICES - Education &; Training Services
Lincoln Educational Svcs
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$11.91 |
+0.17
1.45%
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$11.98
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$13.05
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-8.74% |
105,061
77.25%
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136,000
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Most Recent Note for LINC - 7/2/2024 12:53:56 PM
Rebounded above its 50 DMA line ($11.23) with recent gains backed by above-average volume. Slumped from its 52-week high since noted with caution in the 5/17/24 mid-day report - "Reported Mar '24 quarterly earnings +100% on +18% sales revenues versus the year-ago period. Prior quarterly earnings comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is also below guidelines."
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SEC |
News |
Chart | C
A N
S L
I M
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LLY
- NYSE - Medical-Diversified
Lilly Eli & Co
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$897.57 |
-16.80
-1.84%
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$903.71
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$916.83
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-2.10% |
2,376,873
86.97%
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2,733,000
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Most Recent Note for LLY - 7/2/2024 12:55:30 PM
Retreating today after hitting new all-time highs, wedging higher with recent gains lacking great volume conviction. 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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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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