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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 24TH, 2017
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DOW 21800.11 -11.98 (-0.05%) | NASDAQ 6259.76 -18.65 (-0.30%) | S&P 500 2439.7 -4.34 (-0.18%)
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Time of Screening :
8/24/2017 12:04:44 PM Report Released :
8/24/2017 12:46:23 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 |
AVGO
- NASDAQ
Broadcom Inc
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$252.44
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-4.49
-1.75%
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$259.36
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1,656,568
69.90% of 50 DAV
50 DAV is 2,370,000
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$258.91
-2.50%
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8/24/2017 |
$252.44
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PP = $256.89
MB = $269.73 |
Most Recent Note - 8/24/2017 12:17:46 PM
Y - Color code is changed to yellow with pivot point cited based on its 6/05/17 high plus 10 cents. Subsequent volume-driven gains above the pivot and for new highs may trigger a technical buy signal. Due to report July '17 quarterly results. Volume and volatility often increase near earnings news. Reported Apr '17 earnings +46% on +18% sales revenues. Meeting resistance recently in the $256-258 area and pulling back from its all-time high, slumping toward its 50 DMA line where it recently found prompt support. Prior quarterly and annual earnings history (C and A criteria) is a good match with the fact-based investment system's fundamental guidelines.
>>> The latest Featured Stock Update with an annotated graph appeared on 6/18/2015. Click here.
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A N
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AQN
- NYSE - Energy-Alternative/Other
Algonquin Power & Utility
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$10.89 |
-0.13
-1.18%
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$11.00
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$11.02
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-1.18% |
121,828
146.78%
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83,000
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Most Recent Note for AQN - 8/24/2017 12:08:12 PM
This Canada based Alternative Energy company is pulling back today from a new high hit on the prior session. Recently found support near its 50 DMA line. Quarterly earnings (C criteria) history through Jun '17 is not a match with the fact-based investment system's guidelines.
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A N
S L
I M
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BABA
- NYSE - INTERNET - Internet Software & Services
Alibaba Group Holding Limited
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$174.88 |
-0.92
-0.52%
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$177.00
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$176.23
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-0.76% |
11,026,053
59.77%
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18,449,000
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Most Recent Note for BABA - 8/24/2017 12:19:25 PM
Powered to new 52-week highs with a big gap up on 8/17/17 and additional volume-driven gains, getting very extended from any sound base. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Jun '17 quarterly earnings +60% on +53% sales revenues, its 4th quarterly comparison well above the +25% minimum guideline (C criteria). Completed its $88 IPO on 9/19/14. Owned already by 2,597 top-rated funds. The fact-based investment system's guidelines suggest finding stocks when beginning to attract institutional interest.
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A N
S L
I M
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CRM
- NYSE - INTERNET - Internet Software & Services
Salesforce.com Inc
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$94.06 |
+0.99
1.06%
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$94.31
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$94.63
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-0.60% |
2,354,834
60.07%
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3,920,000
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Most Recent Note for CRM - 8/24/2017 12:21:10 PM
Powering into all-time high territory this week with a streak of volume-driven gain. Earnings rose +38% on +26% sales revenues for the Jul '17 quarter, but prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Downturn in FY '14 was noted as a flaw in its annual earnings (A criteria) history. Already owned by more than 1,858 top-rated funds (I criteria). Made gradual progress since 10/06/10 when this Computer Software -Enterprise firm was dropped from the Featured Stocks list.
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FCAU
- NYSE - Auto Manufacturers
Fiat Chrysler Automobile
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$14.78 |
+0.36
2.46%
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$15.06
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$14.44
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2.32% |
12,570,479
243.28%
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5,167,000
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Most Recent Note for FCAU - 8/24/2017 12:26:15 PM
Gapped up again today hitting another new all-time high. Recently rallying amid M&A rumors. Prior mid-day reports repeatedly cautioned members - "Reported earnings +58% on +3% sales revenues for the Jun '17 quarter. Prior sales revenues and earnings growth has been erratic, not a match with the fact-based investment system's fundamental guidelines."
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FSBK
- NASDAQ - BANKING - Savings & Loans
First South Bancorp
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$17.12 |
+0.04
0.23%
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$17.19
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$17.56
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-2.51% |
24,556
74.41%
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33,000
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Most Recent Note for FSBK - 8/24/2017 12:27:27 PM
Consolidating near its 50 DMA line. Reported earnings +41% on +9% sales revenues for the Jun '17 quarter. Noted with caution in prior mid-day reports - "Quarterly earnings increases have been strong but sales revenues growth has been sub par and its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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HEI
- NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services
Heico Corp
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$84.09 |
+2.98
3.67%
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$85.48
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$87.36
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-3.74% |
148,789
77.09%
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193,000
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Most Recent Note for HEI - 8/24/2017 12:29:27 PM
Consolidating near its all-time high. Reported +8% earnings on +10% sales revenues for the Jul '17 quarter. Fundamental concerns remain with respect to the C criteria.
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I M
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IIVI
- NASDAQ - Electronic-Parts
Ii-Vi Incorporated
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$35.80 |
+0.55
1.56%
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$36.25
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$41.10
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-12.90% |
2,950,489
602.14%
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490,000
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Most Recent Note for IIVI - 8/24/2017 12:33:48 PM
Undercut its 50 DMA line and tested its 200 DMA line since last noted with caution in the 8/07/17 mid-day report when challenging its 52-week and all-time highs with a gap up gain. Reported earnings +53% on +13% sales revenues for the Jun '17 quarter. Recent quarterly comparisons show solid sales revenues growth and earnings increases above the +25% minimum guideline (C criteria). Consensus earnings estimates for FY '18 are -1%, and its up and down annual earnings history (A criteria) is cause for some concern. Has a new CEO as of 9/01/16.
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JP
- NYSE - Finance-Investment Mgmt
Jupai Holdings Ltd Ads
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$11.96 |
+0.19
1.61%
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$12.26
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$13.37
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-10.55% |
159,883
106.59%
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150,000
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Most Recent Note for JP - 8/24/2017 12:35:13 PM
Hovering near its new all-time high following an impressive spurt of volume-driven gains, very extended from prior highs in the $9.50 area. Reported Jun '17 quarterly earnings +150% on +75% sales revenues. Showed strong sales revenues and earnings increases in prior quarters above the +25% minimum earnings guideline (C criteria). Limited and choppy history is a concern since its $9.49 IPO in July 2015.
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MGPI
- NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
M G P Ingredients Inc
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$57.55 |
+0.77
1.36%
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$57.96
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$62.00
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-7.18% |
101,202
88.77%
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114,000
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Most Recent Note for MGPI - 8/24/2017 12:36:48 PM
Retreated from its all-time high following a streak of small gains without great volume conviction. Prior mid-day reports cautioned - "Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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NOK
- NYSE - TELECOMMUNICATIONS - Communication Equipment
Nokia Corp Ads
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$6.18 |
-0.08
-1.20%
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$6.22
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$6.65
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-7.14% |
7,772,761
67.69%
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11,483,000
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Most Recent Note for NOK - 8/24/2017 12:38:15 PM
Slumped below its 50 DMA line since last noted with caution in the 7/31/17 mid-day report - "Earnings and sales revenues history has been below guidelines and it has a large supply of 5.77 billion shares outstanding, making it an unlikely sprinter."
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PNTR
- NASDAQ - Security/Sfty
Pointer Telocation Ltd
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$14.68 |
+0.63
4.45%
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$14.96
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$14.65
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0.17% |
79,993
153.83%
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52,000
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Most Recent Note for PNTR - 8/24/2017 12:41:48 PM
Powering to a new multi-year high with today's big volume-driven gain. Did not form a sound base pattern, and prior mid-day reports cautioned members -"Reported improved sales revenues and earnings increases in the Mar and Jun '17 quarters, but prior earnings increases (C and A criteria) have not been strong and steady."
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SAFM
- NASDAQ - FOOD & BEVERAGE - Meat Products
Sanderson Farms Inc
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$140.05 |
-0.91
-0.65%
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$148.33
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$145.02
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-3.43% |
338,682
93.82%
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361,000
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Most Recent Note for SAFM - 8/24/2017 12:43:54 PM
Hit a new all-time high with today's early gain then reversed into the red. Very extended from any sound base, it made steady progress since noted with caution in the 7/26/17 mid-day report - "Recent quarterly comparisons through Apr '17 showed strong earnings increases. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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TTC
- NYSE - MANUFACTURING - Small Tools & Accessories
Toro Co
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$64.82 |
-4.20
-6.09%
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$68.50
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$73.86
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-12.24% |
1,121,805
184.51%
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608,000
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Most Recent Note for TTC - 8/24/2017 12:45:45 PM
Slumping badly today after reporting Jul '17 earnings +22% on +4% sales revenues versus the year-ago period. Violated its 50 DMA line with a big volume-driven loss, abruptly retreating from its all-time high. Noted with caution in prior mid-day reports - "Reported earnings +15% on +4% sales revenues for the Apr '17 quarter, and fundamental concerns remain. Prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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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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