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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 22ND, 2024
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DOW 40732.37 -158.12 (-0.39%) | NASDAQ 17771.71 -147.27 (-0.82%) | S&P 500 5596.32 -24.53 (-0.44%)
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Time of Screening :
8/22/2024 12:00:09 PM Report Released :
8/22/2024 12:15:21 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 |
PDD
- NASDAQ
Pinduoduo Inc Cl A
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$146.35
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+0.42
0.29%
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$151.10
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3,985,639
59.65% of 50 DAV
50 DAV is 6,682,000
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$164.69
-11.14%
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8/22/2024 |
$146.35
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PP = $164.79
MB = $173.03 |
Most Recent Note - 8/22/2024 12:12:12 PM
Y - Color code is changed to yellow with pivot point cited based on its 5/24/24 high plus 10 cents. Due to report Jun '24 quarterly results on 8/26/24. Fundamentals have been strong. It is perched -10.7% off its high and faces near-term resistance due to overhead supply up to the $164 level. Found support near its 200 DMA line ($134) and rebounded above the 50 DMA line ($138) helping its outlook to improve. It was dropped from the Featured Stocks list on 7/11/24. Subsequent gains above the pivot point backed by at least +40% above average volume are needed for its outlook to improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/11/2024. 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 |
BJ
- NYSE - Retail-Discount&Variety
BJs Wholesale Club Hldgs
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$81.53 |
-6.10
-6.96%
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$83.49
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$92.37
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-11.74% |
2,814,225
203.49%
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1,383,000
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Most Recent Note for BJ - 8/22/2024 12:02:11 PM
Gapped down today for a big volume-driven lossafter meeting resistance near its 50 DMA line ($87.59). Reported Jul '24 quarterly earnings +10% on +5% sales revenues versus the year ago period. Earnings increases were below the +25% minimum (C criteria) in prior quarterly comparisons versus the year ago periods. Annual earnings (A criteria) growth was strong until FY '24 was flat versus '23.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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DY
- NYSE - MATERIALS & CONSTRUCTION - Heavy Construction
Dycom Inds Inc
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$176.48 |
-3.07
-1.71%
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$182.98
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$196.34
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-10.12% |
223,691
76.09%
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294,000
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Most Recent Note for DY - 8/22/2024 12:03:23 PM
Gapped down from its all-time high testing its 50 DMA line with on the prior session with a big volume-driven loss when noted with caution in the mid-day report - <i>"Reported Jul '24 quarterly earnings +21% on +10% sales revenues versus the year-ago period. Fundamental concerns remain due to erratic quarterly and annual earnings (C and A criteria) earnings history."</i>
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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HOV
- NYSE - MATERIALS & CONSTRUCTION - Residential Construction
Hovnanian Enterprises A
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$219.77 |
+12.17
5.86%
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$220.73
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$224.52
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-2.12% |
68,167
83.13%
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82,000
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Most Recent Note for HOV - 8/22/2024 12:07:02 PM
Challenging multi-year highs with today's 4th consecutive gain backed by ever-increasing volume after finding support above its 50 DMA line ($171.45). Reported improved earnings in the Oct '23, Jan, Apr, and Jul '24 quarters versus the year ago periods. Fundamental concerns remain, as subpar sales revenues growth plus prior quarterly and annual earnings history (C and A criteria) are not a great match with the fact-based investment system's guidelines.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NMM
- NYSE - TRANSPORTATION - Shipping
Navios Maritime Partners
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$52.40 |
-1.26
-2.35%
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$53.57
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$55.09
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-4.88% |
133,802
75.17%
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178,000
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Most Recent Note for NMM - 8/22/2024 12:07:55 PM
Consolidating after a considerable gap up on 8/20/24 rebounding above its 50 DMA line to hit a new 52-week high. Quarterly comparisons through Jun '24 showed subpar sales revenues and earnings increases. Annual earnings (A criteria) history has been erratic.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WAB
- NYSE - AUTOMOTIVE - Auto Parts
Wabtec
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$162.57 |
+1.11
0.69%
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$162.82
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$170.83
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-4.84% |
1,598,299
135.22%
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1,182,000
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Most Recent Note for WAB - 8/22/2024 12:13:35 PM
Rebounding above its 50 DMA line ($160) with recent volume-driven gains after finding support well above its 200 DMA line ($144). Reported Jun '24 quarterly earnings +39% on +10% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were above the +25% guideline (C criteria). Annual earnings had a downturn in FY '20 like many companies during the pandemic.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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WLFC
- NASDAQ - DIVERSIFIED SERVICES - Rental & Leasing Services
Willis Lease Financial
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$111.03 |
-0.63
-0.56%
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$112.70
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$112.88
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-1.64% |
16,921
76.91%
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22,000
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Most Recent Note for WLFC - 8/22/2024 12:14:26 PM
Thinly-traded aircraft equipment leasing firm is perched at its all-time high today following 7 consecutive gains backed by above average volume. Reported earnings +207% on +39% sales revenues for the Jun '24 quarter. Prior history is not a great 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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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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