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 MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 31ST, 2021
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DOW 35438.86 39.02 (0.11%) | NASDAQ 15255.22 -10.67 (-0.07%) | S&P 500 4529.5 0.71 (0.02%)
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Time of Screening :
8/31/2021 12:42:29 PM Report Released :
8/31/2021 12:59:12 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 |
CTLT
- NYSE
Catalent, Inc
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$130.25
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-0.06
-0.05%
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$131.81
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430,701
60.24% of 50 DAV
50 DAV is 715,000
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$132.69
-1.84%
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8/25/2021 |
$128.72
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PP = $127.78
MB = $134.17 |
Most Recent Note - 8/31/2021 12:44:43 PM
Y - Hovering at its all-time high stubbornly holding its ground after recently noted volume-driven gains. Reported Jun '21 quarterly earnings +29% on +25% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Prior highs in the $124-127 area define initial support to watch above its 50 DMA line ($117).
>>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2021. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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HIBB
- NASDAQ
Hibbett Sports Inc
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$94.18
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+1.31
1.41%
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$95.50
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316,115
72.25% of 50 DAV
50 DAV is 437,500
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$100.32
-6.12%
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8/25/2021 |
$99.58
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PP = $98.45
MB = $103.37 |
Most Recent Note - 8/31/2021 12:51:35 PM
Y - Halted its slide after a pullback retested support near its 50 DMA line ($88.85). Slumped back into the prior base after it reported Jul '21 earnings +0% on -5% sales revenues versus the year ago period, raising fundamental concerns. Disciplined investors always limit losses by selling any stock that falls more than -8% from their purchase price as Rule #1 of the fact-based investing system.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2021. 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 |
AXON
- NASDAQ - Security/Sfty
Axon Enterprise Inc
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$183.96 |
-8.88
-4.60%
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$194.00
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$212.37
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-13.38% |
193,254
61.16%
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316,000
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Most Recent Note for AXON - 8/31/2021 12:43:32 PM
Pulling back today. Faces little resistance due to overhead supply up to the $212 level. Found support at its 200 DMA line since dropped from the Featured Stocks list on 3/04/21. Quarterly comparisons through Jun '21 were not strong and steady above the +25% minimum earnings guideline.
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SEC |
News |
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A N
S L
I M
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DKS
- NYSE - SPECIALTY RETAIL - Sporting Goods Stores
Dicks Sporting Goods Inc
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$140.38 |
-1.64
-1.15%
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$143.14
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$144.74
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-3.02% |
1,199,696
62.84%
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1,909,000
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Most Recent Note for DKS - 8/31/2021 12:45:07 PM
Very extended from any sound base. Gapped up on 8/25/21 and powered to new all-time highs with heavy volume behind a streak of additional gains. Reported Jul '21 quarterly earnings +58% on +21% sales revenues versus the year ago period. Prior earnings comparisons have mostly been well above the +25% minimum guideline (C criteria). Annual earnings history has been improving since a downturn in FY '18.
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A N
S L
I M
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FIVE
- NASDAQ - Retail-Discount&Variety
Five Below Inc
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$212.25 |
-2.26
-1.05%
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$213.70
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$237.86
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-10.77% |
276,312
61.00%
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453,000
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Most Recent Note for FIVE - 8/31/2021 12:45:58 PM
Pulling back abruptly from its all-time high with 4 consecutive volume-driven losses after getting very extended from prior highs in the $205 area. Its 50 DMA line ($203) defines additional near-term support to watch. Through Apr '21 quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Annual earnings had a downturn in FY '20. It was dropped from the Featured Stocks list on 6/05/19.
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SEC |
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A N
S L
I M
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GRMN
- NASDAQ - ELECTRONICS - Scientific & Technical Instrum
Garmin Ltd
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$173.59 |
-4.79
-2.69%
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$178.81
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$178.58
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-2.79% |
316,940
58.58%
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541,000
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Most Recent Note for GRMN - 8/31/2021 12:50:38 PM
Perched at its 52-week high, very extended from any sound base. Reported earnings +85% on +53% sales revenues for the Jun '21 quarter versus the year ago period. That marked its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong.
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SEC |
News |
Chart | C
A N
S L
I M
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RBB
- NASDAQ - Finance-Savings & Loan
R B B Bancorp
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$25.51 |
+0.25
0.99%
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$25.64
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$25.84
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-1.28% |
34,912
67.14%
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52,000
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Most Recent Note for RBB - 8/31/2021 12:52:41 PM
Hovering near its 52-week high. Reported earnings +97% on +11% sales revenues for the Jun '21 quarter versus the year ago period, its 2nd strong quarterly comparison. Fundamentals are not a match (C and A criteria) with the fact-based investment system's guidelines. Completed its $23 IPO on 7/26/17.
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A N
S L
I M
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SCVL
- NASDAQ - RETAIL - Apparel Stores
Shoe Carnival Inc
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$37.36 |
-0.34
-0.90%
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$38.33
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$42.83
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-12.77% |
395,186
112.91%
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350,000
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Most Recent Note for SCVL - 8/31/2021 12:55:05 PM
Reported solid Jul '21 quarterly earnings on +10% sales revenues versus the year ago period. Found prompt support at its 50 DMA line ($35.15) and recently rallied to a new all-time high with a spurt of volume-driven gains. A 2:1 split impacted share prices on 7/20/21. Fundamental concerns remain. Prior mid-day reports cautioned members - "Prior comparisons' sub par sales revenues growth is a concern and its up and down annual earnings (A criteria) history."
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A N
S L
I M
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STLD
- NASDAQ - Steel-Producers
Steel Dynamics Inc
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$67.80 |
-2.44
-3.47%
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$70.29
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$74.37
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-8.83% |
1,539,032
77.65%
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1,982,000
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Most Recent Note for STLD - 8/31/2021 12:56:35 PM
Prior highs in the $66 area define initial support to watch while consolidating after rallying to a new 52-week high with big volume-driven gains. Prior mid-day reports noted - "Reported earnings +623% on +113% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain due to its up and down annual earnings history (A criteria). It was dropped from the Featured Stocks List on 8/9/2007."
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A N
S L
I M
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SYF
- NYSE - Finance-Savings & Loan
Synchrony Financial
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$50.02 |
+0.67
1.35%
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$50.10
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$52.14
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-4.08% |
2,967,487
61.89%
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4,795,000
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Most Recent Note for SYF - 8/31/2021 12:57:31 PM
There was a "negative reversal" noted on the prior session after wedging to a new 52-week high. Rebounded above its 50 DMA line after noted in the 7/20/21 mid-day report - "Quarterly earnings increases have been above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history."
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A N
S L
I M
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TASK
- NASDAQ - Computer-Tech Services
Taskus Inc Class A
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$62.20 |
+3.35
5.69%
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$62.39
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$59.85
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3.92% |
502,963
106.11%
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474,000
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Most Recent Note for TASK - 8/31/2021 12:58:01 PM
Very extended from any sound base and adding to recent volume-driven gains. Limited history is a concern since it completed its $23 IPO on 6/11/21. Reported strong Jun '21 quarterly results.
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A N
S L
I M
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TPX
- NYSE - MANUFACTURING - Textile Manufacturing
Tempur Sealy Intl Inc
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$45.06 |
-0.36
-0.79%
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$45.44
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$46.01
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-2.06% |
1,099,892
66.86%
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1,645,000
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Most Recent Note for TPX - 8/31/2021 12:59:05 PM
Still holding its ground stubbornly and it has wedged to new all-time highs. Noted in prior mid-day reports - "Reported earnings +295% on +76% sales revenues for the Jun '21 quarter versus the year ago period, its 4th consecutive quarterly comparison well above the +25% minimum earnings guideline (C criteria). Downturn in FY '17 and '18 is a flaw in its annual earnings history (A criteria)."
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A N
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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,
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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