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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 15TH, 2024
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DOW 40454.72 446.33 (1.12%) | NASDAQ 17524.8 332.2 (1.93%) | S&P 500 5527.15 71.94 (1.32%)
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Time of Screening :
8/15/2024 11:49:32 AM Report Released :
8/15/2024 12:13:58 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 50% 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 |
MELI
- NASDAQ
Mercadolibre Inc
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$1,968.30
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+69.73
3.67%
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$1,976.00
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247,352
77.30% of 50 DAV
50 DAV is 320,000
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$1,923.18
2.35%
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8/5/2024 |
$1,793.73
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PP = $1,792.15
MB = $1,881.76 |
Most Recent Note - 8/15/2024 12:01:27 PM
G - Powering to a new 52-week high with today's big gain. Color code was changed to green after rising above its "max buy" level. Prior highs define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2024. Click here.
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Company Profile |
SEC |
News |
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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 |
ENV
- NYSE - FINANCIAL SERVICES - Diversified Investments
Envestnet Inc
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$63.00 |
+0.00
0.00%
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$63.11
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$73.04
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-13.75% |
2,195,058
197.57%
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1,111,000
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Most Recent Note for ENV - 8/15/2024 12:00:00 PM
Consolidating after 7/11/24 M&A news. Reported earnings +20% on +11% sales revenues for the Jun '24 quarter versus the year-ago period. Prior 2 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings history has been erratic. It went through a long and choppy consolidation since dropped from the Featured Stocks list on 8/08/19.
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SEC |
News |
Chart | C
A N
S L
I M
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HEI
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
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$241.13 |
+4.24
1.79%
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$258.84
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$242.98
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-0.76% |
329,971
88.23%
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374,000
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Most Recent Note for HEI - 8/15/2024 12:00:35 PM
Gapped up today hitting a new all-time high with a volume-driven gain. Prior mid-day reports cautioned members - "Reported Apr '24 quarterly earnings +16% on +39% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."
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SEC |
News |
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A N
S L
I M
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OPY
- NYSE - FINANCIAL SERVICES - Investment Brokerage - Regiona
Oppenheimer Holdings Inc
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$50.65 |
+0.60
1.20%
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$51.55
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$58.35
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-13.20% |
31,667
59.75%
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53,000
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Most Recent Note for OPY - 8/15/2024 12:01:59 PM
Rising after finding support near its 50 DMA line in recent weeks since retreating from its all-time high. Reported strong Jun '24 quarterly earnings versus a loss on +8% sales revenues versus the year-ago period. Quarterly and annual earnings results have been erratic, not a match with the fundamental guidelines of the fact-based investment system. It was dropped from the Featured Stocks list on 7/07/21.
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A N
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I M
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PDD
- NASDAQ - Retail-Internet
Pinduoduo Inc Cl A
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$144.05 |
+2.07
1.45%
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$146.69
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$164.69
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-12.54% |
4,897,581
74.26%
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6,595,000
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Most Recent Note for PDD - 8/15/2024 12:03:52 PM
Faces near-term resistance due to overhead supply up to the $ 164 level. Found support near its 200 DMA line ($132.52) and rebounded above the 50 DMA line ($137.62) helping its outlook to improve. It was dropped from the Featured Stocks list on 7/11/24.
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A N
S L
I M
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PPC
- NASDAQ - FOOD & BEVERAGE - Meat Products
Pilgrims Pride Corp
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$44.44 |
-1.25
-2.74%
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$45.12
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$45.89
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-3.16% |
370,334
52.90%
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700,000
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Most Recent Note for PPC - 8/15/2024 12:05:30 PM
Gapped down today pulling back from its all-time high after a spurt of volume-driven gains. Reported strong earnings +280% on +6% sales revenues for the Jun '24 quarter versus the year-ago period. Reported greatly improved earnings in the 3 latest quarterly comparisons but lackluster sales revenues growth is a concern and its up and down annual earnings history is not a match with the fact-based investment system's guidelines (A criteria).
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A N
S L
I M
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QFIN
- NASDAQ - Financial Svcs-Specialty
360 Finance Inc Cl A Ads
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$23.73 |
+0.03
0.13%
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$23.99
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$23.98
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-1.04% |
885,928
76.24%
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1,162,000
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Most Recent Note for QFIN - 8/15/2024 12:06:22 PM
Gapped up on the prior session hitting a new 52-week high and on track today for its 6th consecutive volume-driven gain. Faces little resistance due to overhead supply up to the $25 level. Reported Jun '24 quarterly earnings +32% on +6% sales revenues versus the year ago period. Prior quarterly comparisons were subpar and its 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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RACE
- NYSE - Auto Manufacturers
Ferrari NV
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$459.60 |
+6.70
1.48%
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$463.00
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$456.41
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0.70% |
136,345
58.27%
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234,000
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Most Recent Note for RACE - 8/15/2024 12:07:36 PM
Rallying today for new 52-week and all-time highs with a 4th consecutive gain. Found support when recently consolidating near its 50 DMA line ($421). Reported Jun '24 quarterly earnings +23% on +14% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '20.
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SMFG
- NYSE - BANKING - Money Center Banks
Sumitomo Mitsui Finl Adr
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$13.55 |
+0.79
6.19%
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$13.59
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$14.53
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-6.74% |
1,174,288
109.95%
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1,068,000
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Most Recent Note for SMFG - 8/15/2024 12:08:31 PM
Rebounding above its 50 DMA line with today's gap up gain. Concerns remain as when noted with caution in prior mid-day reports - "Earnings history has been erratic and not a match with the fact-based investment system."
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A N
S L
I M
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USFD
- NYSE - WHOLESALE - Food Wholesale
US Foods Holding Corp
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$56.54 |
+0.63
1.13%
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$57.59
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$55.98
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1.00% |
1,007,450
52.17%
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1,931,000
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Most Recent Note for USFD - 8/15/2024 12:11:49 PM
Rallying to new all-time highs with today's gap up and 6th consecutive volume-driven gain. Through Jun '24 quarterly comparisons have not shown strong and steady earnings growth above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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A N
S L
I M
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WLDN
- NASDAQ - Bldg-Heavy Construction
Willdan Group Inc
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$36.00 |
+0.55
1.55%
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$36.18
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$38.25
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-5.88% |
97,712
103.95%
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94,000
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Most Recent Note for WLDN - 8/15/2024 12:12:14 PM
Consolidating near its 52-week high, stubbornly holding its ground after a gap up on 8/02/24. Reported +112% earnings on +18% sales revenues for the Jun '24 quarter but 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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WMT
- NYSE - RETAIL - Discount, Variety Stores
Wal-Mart Stores
|
$73.05 |
+4.39
6.40%
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$74.44
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$71.33
|
2.42% |
24,992,765
165.92%
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15,063,000
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Most Recent Note for WMT - 8/15/2024 12:13:53 PM
Gapped up today hitting a new all-time high, rebounding from below its 50 DMA line ($68.67). Reported Jul '24 quarterly earnings +10% on +5% sales revenues 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.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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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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