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MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 3RD, 2022
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DOW 32729.16 332.99 (1.03%) | NASDAQ 12602.38 253.62 (2.05%) | S&P 500 4141.94 50.75 (1.24%)
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Time of Screening :
8/3/2022 12:00:07 PM Report Released :
8/3/2022 12:47:53 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 |
ENPH
- NASDAQ
Enphase Energy Inc
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$282.02
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-10.24 -3.50%
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$290.52
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2,430,811 77.74% of 50 DAV
50 DAV is 3,127,000
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$298.97 -5.67%
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7/28/2022 |
$276.66
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PP = $282.55 MB = $296.68 |
Most Recent Note - 8/3/2022 12:10:08 PM
Y - Color code is changed to yellow while pulling back below its "max buy" level with today's loss. Testing near the prior high in the $282 area noted as initial support to watch. Fundamentals remain strong after reporting solid Jun '22 quarterly results, continuing its strong earnings history.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/1/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HRMY
- NASDAQ
Harmony Biosciences Holdings
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$52.56
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-2.86 -5.16%
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$54.71
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677,836 135.30% of 50 DAV
50 DAV is 501,000
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$57.13 -8.00%
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7/6/2022 |
$54.12
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PP = $52.85 MB = $55.49 |
Most Recent Note - 8/3/2022 12:18:08 PM
Y - Abruptly retreating today with early lows near its 50 DMA line and prior low. Challenged its all-time high with above average volume behind a big gain on the prior session. Reported Jun '22 quarterly earnings +54% on +45% sales revenues versus the year ago period. Volume and volatility often increase near earnings news.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/18/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IMXI
- NASDAQ
International Money Express
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$24.27
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-0.66 -2.65%
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$25.25
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340,358 76.31% of 50 DAV
50 DAV is 446,000
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$25.14 -3.46%
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7/1/2022 |
$21.27
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PP = $21.38 MB = $22.45 |
Most Recent Note - 8/3/2022 12:32:01 PM
G - Reported Jun '22 quarterly earnings +26% on +21% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Perched at its 52-week high. Its 50 DMA line ($21.26) defines important near-term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/15/2022. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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LLY
- NYSE
Lilly Eli & Co
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$314.60
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-5.60 -1.75%
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$320.98
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1,834,710 64.72% of 50 DAV
50 DAV is 2,835,000
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$335.33 -6.18%
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5/16/2022 |
$302.46
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PP = $314.10 MB = $329.81 |
Most Recent Note - 8/3/2022 12:36:52 PM
Y - Pulling back today for a 4th consecutive loss and undercutting its 50 DMA line ($316.24) which defines important near-term support to watch. More damaging losses would raise concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2022. 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 |
AAWW
- NASDAQ - TRANSPORTATION - Air Services, Other
Atlas Air Worldwide Hldg
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$96.50 |
+9.13
10.45%
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$97.67
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$97.13
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-0.65% |
1,475,205 294.45%
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501,000
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Most Recent Note for AAWW - 8/3/2022 12:01:25 PM
Gapped up and hit a new all-time high with today's 6th consecutive gain backed by ever-increasing volume. Due to report Jun '22 quarterly results on 8/05/22. Reported Mar '22 quarterly earnings +22% on +20% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). There was a downturn in its FY '19 annual earnings (A criteria) history, not a match with the fact-based investment system's fundamental guidelines.
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SEC |
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A N
S L
I M
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CDNS
- NASDAQ - Computer Sftwr-Design
Cadence Design Systems
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$182.91 |
-0.55 -0.30%
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$183.05
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$192.70
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-5.08% |
1,250,257 80.09%
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1,561,000
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Most Recent Note for CDNS - 8/3/2022 12:02:58 PM
Pulling back with today's 3rd consecutive loss after challenging its all-time high ($192.70) following a choppy consolidation. Has a new CEO as of 12/15/21. Reported earnings +26% on +18% sales revenues for the Jun '22 quarter, but prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady.
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SEC |
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A N
S L
I M
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CRUS
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Cirrus Logic Inc
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$87.63 |
+3.59
4.27%
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$89.00
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$95.84
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-8.57% |
293,309 75.40%
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389,000
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Most Recent Note for CRUS - 8/3/2022 12:07:17 PM
Rebounding toward its Jan '22 high with recent volume-driven gains. Reported Jun '22 earnings +107% on +42% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '18 and '19, not a good match with the fact-based investment system's strict fundamental guidelines.
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SEC |
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A N
S L
I M
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CVS
- NYSE - RETAIL - Drug Stores
C V S Caremark Corp
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$100.35 |
+4.98
5.22%
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$100.44
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$111.25
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-9.80% |
4,336,466 90.99%
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4,766,000
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Most Recent Note for CVS - 8/3/2022 12:08:26 PM
Gapped up today and rebounded above its 200 DMA line ($98.67). Reported earnings -1% and +11% sales revenues for the Jun '22 quarter versus the year ago period and fundamental concerns remain.
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A N
S L
I M
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EVOP
- NASDAQ - Finance-CrdtCard/PmtPr
Evo Payments Inc
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$33.41 |
-0.10 -0.30%
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$33.57
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$33.86
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-1.33% |
695,690 100.82%
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690,000
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Most Recent Note for EVOP - 8/3/2022 12:12:04 PM
Gapped up on 8/01/22 for a new all-time high on M&A news with Global Payments Inc (GPN). Reported Jun '22 quarterly earnings +43% on +13% sales revenues versus the year ago period, its 5th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20. Completed its $16 IPO on 5/23/18 and additional Public Offerings on 9/20/18 and 4/03/19.
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I M
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EXC
- NYSE - UTILITIES - Diversified Utilities
Exelon Corp
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$44.45 |
-1.38 -3.01%
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$44.99
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$50.71
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-12.34% |
4,576,180 75.79%
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6,038,000
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Most Recent Note for EXC - 8/3/2022 12:15:15 PM
Gapped down today violating its 50 DMA line, slumping toward support at its 200 DMA line. Reported Jun '22 quarterly earnings +22% on +5% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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A N
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I M
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LDOS
- NYSE - Comml Svcs-Consulting
Leidos Holdings Inc
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$99.38 |
-1.10 -1.09%
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$100.63
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$111.12
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-10.57% |
481,684 66.44%
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725,000
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Most Recent Note for LDOS - 8/3/2022 12:34:39 PM
Gapped down on the prior session violating its 50 DMA line ($101). Reported earnings +5% on +4% sales revenues for the Jun '22 quarter versus the year ago period. Fundamental concerns remain, as prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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A N
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I M
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LPLA
- NASDAQ - Finance-Invest Bnk/Bkrs
L P L Financial Holdings
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$214.99 |
+3.85
1.82%
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$217.89
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$220.80
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-2.63% |
538,107 71.46%
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753,000
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Most Recent Note for LPLA - 8/3/2022 12:38:23 PM
Rising near its all-time high with today's 2nd consecutive volume-driven gain. Reported earnings +21% on +7% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system.
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A N
S L
I M
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NVO
- NYSE - DRUGS - Drug Manufacturers - Other
Novo Nordisk A/S Adr
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$104.25 |
-10.21 -8.92%
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$114.06
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$122.16
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-14.66% |
2,819,099 230.88%
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1,221,000
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Most Recent Note for NVO - 8/3/2022 12:41:02 PM
Due to report Jun '22 quarterly results, this Denmark-based Medical - Ethical Drug firm is abruptly violating its 50 and 200 DMA lines with today's big volume-driven loss after quietly hovering near its all-time high. Volume and volatility often increase near earnings news. Prior mid-day reports repeatedly cautioned members - "Fundamental concerns remain after it reported Mar '22 quarterly earnings +8% on +17% sales revenues versus the year ago period."
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I M
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OFG
- NYSE - BANKING - Money Center Banks
O F G Bancorp
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$28.20 |
+0.84
3.07%
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$28.50
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$30.93
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-8.83% |
191,347 66.21%
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289,000
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Most Recent Note for OFG - 8/3/2022 12:42:48 PM
Recent gains lacking great volume have it wedging toward its 52-week high. Reported earnings +8% on +9% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons showed strong earnings above the +25% minimum earnings guideline (C criteria) but also with sub par sales revenues growth. Up and down annual earnings history raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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RELL
- NASDAQ - Elec-Misc Products
Richardson Electrs
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$16.66 |
+0.73
4.56%
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$16.74
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$17.21
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-3.22% |
107,748 60.19%
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179,000
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Most Recent Note for RELL - 8/3/2022 12:46:02 PM
Rising near its 52-week high with today's volume-driven gain adding to a recent spurt of gains. Found support at its 50 DMA line ($14.95). Quarterly earnings growth has been strong through the May '22 quarter versus year ago periods. Erratic annual earnings (A criteria) history is a concern, so fundamentals are below the guidelines of the investment system.
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SCI
- NYSE - DIVERSIFIED SERVICES - Personal Services
Service Corp Intl
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$66.58 |
-7.12 -9.66%
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$72.29
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$75.12
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-11.37% |
1,771,083 196.79%
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900,000
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Most Recent Note for SCI - 8/3/2022 12:47:41 PM
Gapped down today and abruptly slumped from its 52-week high, violating its 50 and 200 DMA lines with a big volume-driven loss. Reported Jun '22 quarterly earnings -9% on +0% sales revenues versus the year ago period, its 3rd quarterly comparison well below the +25% minimum guideline (C criteria). Annual earnings growth has been steady.
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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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