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 MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 29TH, 2024
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DOW 41378.4 286.98 (0.70%) | NASDAQ 17751.5 195.47 (1.11%) | S&P 500 5633.49 41.31 (0.74%)
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Time of Screening :
8/29/2024 11:58:24 AM Report Released :
8/29/2024 12:24:50 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 45% 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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NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
APP
- AMEX - CONSUMER NON-DURABLES - Textile - Apparel Clothing
American Apparel Inc
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$90.96 |
+2.96
3.36%
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$93.69
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$92.50
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-1.67% |
2,019,102
56.92%
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3,547,000
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Most Recent Note for APP - 8/29/2024 12:02:49 PM
Perched at its 52-week high with today's gain. Rallied impressively from support at its 200 DMA line in recent weeks. Quarterly comparisons through Jun '24 have been strong versus the year ago periods, but its annual earnings (A criteria) has been erratic.
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SEC |
News |
Chart | C
A N
S L
I M
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BOX
- NYSE - Computer Sftwr-Database
Box Inc Cl A
|
$32.71 |
+0.77
2.41%
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$32.77
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$32.14
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1.77% |
2,543,587
169.80%
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1,498,000
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Most Recent Note for BOX - 8/29/2024 12:05:49 PM
Powering to a new 52-week high with today's 5th consecutive gain backed by ever-increasing volume. Reported Jul '24 quarterly earnings +22% on +3% sales revenues versus the year ago period and fundamental concerns remain. Volume and volatility often increase near earnings news. It was last noted when dropped from the Featured Stocks list on 3/03/23 and went through a deep and choppy consolidation.
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SEC |
News |
Chart | C
A N
S L
I M
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CFB
- NASDAQ - Banks-Midwest
Crossfirst Bankshares
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$17.38 |
-0.21
-1.18%
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$17.83
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$19.22
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-9.57% |
162,790
45.99%
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354,000
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Most Recent Note for CFB - 8/29/2024 12:07:26 PM
Pulling back from its 52-week high with today's 4th consecutive volume-driven loss. There was M&A news on 8/27/24 when noted in the mid-day report - "Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria)."
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SEC |
News |
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A N
S L
I M
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ESEA
- NASDAQ - TRANSPORTATION - Shipping
Euroseas Ltd
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$43.98 |
-1.32
-2.91%
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$45.07
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$48.50
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-9.32% |
18,093
51.69%
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35,000
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Most Recent Note for ESEA - 8/29/2024 12:09:41 PM
Retreating after a "negative reversal" at its 52-week high on 8/21/24. Prior mid-day reports cautioned members - <i>"Reported Jun '24 quarterly earnings +18% on +23% sales revenues versus the year-ago period. Prior earnings and sales revenues growth history has not been a match with the fundamental guidelines of the fact-based investment system."</i>
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SEC |
News |
Chart | C
A N
S L
I M
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FN
- NYSE - ELECTRONICS - Specialized Electronics
Fabrinet
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$247.25 |
+2.88
1.18%
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$250.71
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$278.38
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-11.18% |
281,361
66.05%
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426,000
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Most Recent Note for FN - 8/29/2024 12:10:45 PM
Consolidating after a noted 8/20/24 gap up and volume-driven gain from below its 50 DMA line ($235) to a new 52-week high. Reported Jun '24 quarterly earnings +30% on +15% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong after a slight downturn in FY '20.
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SEC |
News |
Chart | C
A N
S L
I M
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HMY
- NYSE - METALS & MINING - Gold
Harmony Gold Mng Co Adr
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$10.36 |
+0.15
1.47%
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$10.49
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$11.37
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-8.88% |
2,068,914
49.67%
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4,165,000
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Most Recent Note for HMY - 8/29/2024 12:11:24 PM
Encountered distributional pressure and pulled back with higher volume after wedging to new multi-year highs. This South Africa based gold mining company was noted in prior mid-day reports - "Reported strong Sep and Dec '23 quarterly earnings results versus the year-ago periods. Annual earnings history (A criteria) has been erratic and included a downturn in FY '22, 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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NTAP
- NASDAQ - COMPUTER HARDWARE - Data Storage Devices
Netapp Inc
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$122.30 |
-9.61
-7.29%
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$126.11
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$135.01
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-9.41% |
1,644,225
95.04%
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1,730,000
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Most Recent Note for NTAP - 8/29/2024 12:13:22 PM
Gapped down from multi-year highs violating its 50 DMA line ($127.50) with today's big volume-driven loss. Reported Jul '24 quarterly earnings +36% on +8% sales revenues versus the year ago period. Fundamental concerns remain. Annual earnings (A criteria) growth history has been up and down.
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SEC |
News |
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A N
S L
I M
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NVDA
- NASDAQ - ELECTRONICS - Semiconductor - Specialized
Nvidia Corp
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$121.50 |
-4.12
-3.28%
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$124.43
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$140.76
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-13.69% |
227,134,156
67.33%
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337,331,000
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Most Recent Note for NVDA - 8/29/2024 12:15:57 PM
Consolidating above its 50 DMA line ($120) but it faces near-term resistance due to overhead supply up to the $140 level. Reported Jul '24 quarterly earnings +152% on +122% sales revenues versus the year ago period, its 5th very strong quarter after 3 quarterly comparisons down from the year-ago periods. Annual earnings (A criteria) history has been up and down, noted as a flaw with regard to the fact-based investment system's guidelines.
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A N
S L
I M
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OLLI
- NASDAQ - Retail-Discount&Variety
Ollies Bargain Outlet Holdings, Inc
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$89.41 |
-4.69
-4.98%
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$93.59
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$104.98
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-14.84% |
2,214,440
208.52%
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1,062,000
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Most Recent Note for OLLI - 8/29/2024 12:18:54 PM
Slumping this week from near its 52-week high, sinking below its 50 DMA line ($96.96) toward the prior low ($86.05 on 8/14/24) with today's 4th consecutive loss backed by ever-increasing volume. Reported earnings +16% on +12% sales revenues for the Jul '24 quarter versus the year ago period, breaking a streak of 5 strong quarterly comparisons well above the +25% minimum guideline. Annual earnings (A criteria) had a downturn in FY '23 following years of steady growth. Went through choppy and deep consolidations after dropped from the Featured Stocks list on 12/07/18.
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A N
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I M
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SN
- NYSE - ENERGY - Independent Oil & Gas
Sanchez Energy Corp
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$93.66 |
+3.94
4.39%
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$93.66
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$92.47
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1.29% |
691,471
54.06%
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1,279,000
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Most Recent Note for SN - 8/29/2024 12:22:35 PM
Hitting another new all-time high today after stubbornly holding its ground in recent weeks while volume totals cooled. Rebounded from below its 50 DMA line with a big gap up and volume-driven gain on 8/08/24 as the mid-day report noted - <i>"Reported Jun '24 quarterly earnings +51% on +31% sales, and 3 of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Limited prior earnings history (A criteria) leaves fundamental concerns. Trading on the NYSE began on 7/31/23."</i>
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UG
- NASDAQ - DRUGS - Drug Manufacturers - Other
United Guardian Inc
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$14.26 |
-0.40
-2.73%
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$14.65
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$15.02
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-5.06% |
9,813
65.42%
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15,000
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Most Recent Note for UG - 8/29/2024 12:24:11 PM
Perched at its 52-week high today, extended from any sound base, holding its ground following a noted spurt of volume-driven gains. Prior mid-day reports noted - <i>"Resistance remains due to old overhead supply up to the $26 level. Reported earnings +110% on +28% sales revenues for the Jun '24 quarterversus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady."</i>
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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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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
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