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 MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 13TH, 2023
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DOW 34399.54 52.11 (0.15%) | NASDAQ 14074.08 155.12 (1.11%) | S&P 500 4496.4 24.24 (0.54%)
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Time of Screening :
7/13/2023 12:12:19 PM Report Released :
7/13/2023 1:06:35 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 |
ALGM
- NASDAQ
Allegro Microsystems Inc
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$49.86
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+2.69
5.70%
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$49.89
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1,155,987
81.98% of 50 DAV
50 DAV is 1,410,000
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$48.72
2.34%
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7/13/2023 |
$49.86
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PP = $48.82
MB = $51.26 |
Most Recent Note - 7/13/2023 12:16:43 PM
Y - Color code is changed to yellow with pivot point cited based on its 4/03/23 high plus 10 cents. Today's 5th consecutive gain with ever-increasing volume has it hitting a new all-time high. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. It found support above its 200 DMA line since dropped from the Featured Stocks list on 4/25/23. Fundamentals through the Mar '23 quarter remained strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2023. Click here.
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A N
S L
I M
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PANW
- NYSE
Palo Alto Networks
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$240.79
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+8.15
3.50%
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$243.70
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4,369,781
67.08% of 50 DAV
50 DAV is 6,514,000
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$258.88
-6.99%
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6/5/2023 |
$228.35
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PP = $213.73
MB = $224.42 |
Most Recent Note - 7/13/2023 1:01:49 PM
G - Posting a gain today, halting its slide after abruptly retreating from near its all-time high. Its 50 DMA line ($220.76) and prior high ($213) define near-term support to watch. Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/27/2023. 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 |
BUR
- NASDAQ - Food-Grain & Related
Burcon Nutrascience Corp
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$12.39 |
+0.34
2.82%
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$12.55
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$14.04
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-11.75% |
367,767
67.73%
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543,000
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Most Recent Note for BUR - 7/13/2023 12:18:14 PM
Sputtering below its 50 DMA line in recent weeks. Last noted with caution in the 6/30/23 mid-day report - "Recent quarterly comparisons through Mar '23 showed strong sales revenues and earnings increases versus the year ago periods. Annual earnings history (A criteria) has not been strong and steady."
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A N
S L
I M
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CAMT
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Camtek Ltd
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$39.03 |
+5.14
15.17%
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$39.44
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$36.60
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6.64% |
412,007
407.93%
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101,000
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Most Recent Note for CAMT - 7/13/2023 12:20:49 PM
Gapped up today hitting a new 52-week high. Fundamental concerns remain after it reported Mar '23 quarterly earnings -5% on -6% sales revenues versus the year ago period. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $48 level after a deep consolidation since dropped from the Featured Stocks list on 1/19/22."
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A N
S L
I M
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CLS
- NYSE - Elec-Contract Mfg
Celestica Inc
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$16.45 |
+0.46
2.88%
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$16.45
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$16.25
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1.23% |
515,656
66.11%
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780,000
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Most Recent Note for CLS - 7/13/2023 12:35:28 PM
Hitting a new 52-week high with today's 5th consecutive volume-driven gain. Found support at its 20 DMA line since noted in the 6/27/23 mid-day report - "Reported earnings +21% on +17% sales revenues for the Mar '23 quarter versus the year ago period, breaking a streak of 5 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19 following a multi-year downturn which raised concerns with regard to the fact-based investment system's strict guidelines."
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A N
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DAL
- NYSE - TRANSPORTATION - Major Airlines
Delta Air Lines Inc
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$48.23 |
+0.28
0.58%
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$49.81
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$49.04
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-1.65% |
20,144,627
182.02%
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11,067,000
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Most Recent Note for DAL - 7/13/2023 12:43:24 PM
Perched at its 52-week high with today's gain after holding its ground stubbornly since rising above its Apr '22 high with recently noted gains. Reported earnings of 25 cents per share versus a loss of $1.23 per share on +36% sales revenues for the Mar '23 quarter versus the year ago period. Annual earnings history is not a match with the fact-based investment system's guidelines (A criteria). Fundamental concerns remain.
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I M
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FAST
- NASDAQ - RETAIL - Home Improvement Stores
Fastenal Co
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$57.30 |
-1.44
-2.44%
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$58.53
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$59.43
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-3.59% |
3,249,267
109.51%
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2,967,000
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Most Recent Note for FAST - 7/13/2023 12:45:20 PM
Pulling back from its 52-week high with today's 2nd consecutive volume-driven loss. Reported +11% earnings on +9% sales revenues for the quarter ended March 31, 2023 versus the year ago period. Prior quarterly comparisons were below the +25% minimum (C criteria). Annual earnings (A criteria) have steadily improved after a small downturn in FY '16 earnings.
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GWW
- NYSE - WHOLESALE - Electronics Wholesale
Grainger W W Inc
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$767.82 |
-9.48
-1.22%
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$773.22
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$811.60
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-5.39% |
164,875
61.52%
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268,000
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Most Recent Note for GWW - 7/13/2023 12:46:20 PM
Pulling back from its all-time high with today's 3rd consecutive volume-driven loss. Reported earnings +36% for the quarter ended March 31, 2023 versus the year-ago period marking its 7th consecutive quarterly comparison well above the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Prds firm included a downturn in FY '20, a common flaw in this post-pandemic era with respect to the A criteria of the fact-based investment system's guidelines.
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IDCC
- NASDAQ - TELECOMMUNICATIONS - Wireless Communications
Interdigital Inc
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$98.27 |
+1.78
1.84%
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$98.67
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$97.62
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0.66% |
418,318
102.28%
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409,000
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Most Recent Note for IDCC - 7/13/2023 12:47:20 PM
Hitting new multi-year highs with today's 5th consecutive small gain marked by ever-increasing volume. Reported +325% earnings on +100% sales revenues for the quarter ended March 31, 2023 versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history has not been strong and steady.
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INMD
- NASDAQ - Medical-Systems/Equip
Inmode Ltd
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$44.96 |
-0.26
-0.57%
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$46.46
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$45.52
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-1.23% |
1,191,962
77.45%
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1,539,000
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Most Recent Note for INMD - 7/13/2023 12:48:16 PM
Hit another new 52-week high today following 4 consecutive gains backed by higher volume. Resistance remains due to overhead supply up to the $99 level. Reported Mar '23 quarterly earnings +30% on +23% sales revenues versus the year ago period, an improvement after 4 consecutive quarterly comparisons below the fact-based investment system's +25% minimum earnings guideline (C criteria). A 2:1 split impacted share price on 10/02/21. This Israel-based Medical - Systems/Equipment firm completed its $14 IPO on 8/08/19.
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NABL
- NYSE - Computer - Tech Services
N-able Inc
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$14.74 |
+0.45
3.11%
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$14.75
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$15.44
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-4.57% |
1,033,095
204.17%
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506,000
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Most Recent Note for NABL - 7/13/2023 1:00:31 PM
Perched within striking distance of its 52-week high with today's volume-driven gain after finding support at its 50 DMA line ($14.19). Prior mid-day reports cautioned members - "Fundamental concerns remain."
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TRTN
- NYSE - Comml Svcs-Leasing
Triton International Ltd
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$84.41 |
+0.12
0.15%
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$84.52
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$84.68
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-0.31% |
325,192
70.24%
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463,000
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Most Recent Note for TRTN - 7/13/2023 1:03:18 PM
Bermuda-based Container firm has been consolidating in a tight range since a 4/12/23 gap up. Went through a choppy consolidation above and below its 200 DMA line since noted with caution in the 7/28/22 mid-day report. Fundamental concerns remain. Reported Mar '23 quarterly earnings -12% on -5% sales revenues versus the year-ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show worrisome deceleration in its sales revenues growth rate and earnings. Completed a new Public Offering on 9/08/17.
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TTD
- NASDAQ - Comml Svcs-Advertising
The Trade Desk Inc Cl A
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$89.11 |
+4.60
5.44%
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$90.50
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$84.92
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4.93% |
5,246,195
135.95%
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3,859,000
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Most Recent Note for TTD - 7/13/2023 1:06:10 PM
Hitting a new 52-week high with today's 5th consecutive gain but faces resistance due to overhead supply up to the $114 level. The 6/02/23 mid-day report last noted - "Fundamental concerns remain after it reported Mar '23 quarterly earnings +10% on +21% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons showed earnings increases below the +25% minimum earnings guideline (C criteria) versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/04/22."
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VIST
- NYSE - Oil&Gas-Intl Expl&Prod
Vista Energy SAB de CV
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$27.75 |
+1.06
3.97%
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$27.80
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$27.24
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1.87% |
512,249
81.18%
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631,000
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Most Recent Note for VIST - 7/13/2023 1:06:28 PM
Hitting another new all-time high with today's 5th consecutive gain after holding its ground stubbornly. Mexico-based Oil & Gas firm found prompt support near its 50 DMA line ($22.34) while building an orderly base. Recent quarterly comparisons through Mar '23 showed great sales revenues and earnings increases over the year-ago periods. After big losses in prior years, it had profitable results in FY '21 and '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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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