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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, NOVEMBER 8TH, 2023
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DOW 34041.44 -111.16 (-0.33%) | NASDAQ 13593.29 -46.56 (-0.34%) | S&P 500 4366.21 -12.17 (-0.28%)
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Time of Screening :
11/8/2023 12:33:54 PM Report Released :
11/8/2023 1:23:52 PM
Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High
Volume Is:
At least 65% 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 |
|
Max Buy |
AXON
- NASDAQ
Axon Enterprise Inc
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$220.13
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+3.76
1.74%
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$231.71
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781,082
175.92% of 50 DAV
50 DAV is 444,000
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$229.95
-4.27%
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11/8/2023 |
$127.84
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PP = $223.30
MB = $234.47 |
Most Recent Note - 11/8/2023
Y - Color code is changed to yellow with new pivot point cited based on its 10/17/23 high after a cup-with-handle base. Hit a new all-time high today but erased much of its early gain. Found support near its 200 DMA line in recent months. Reported Sep '23 quarterly earnings +70% on +33% sales revenues versus the year-ago period, its 4th strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '22 after years of strong growth. Went through a deep consolidation then rebounded since dropped from the Featured Stocks list on 3/04/21.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/26/2021. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NVO
- NYSE
Novo Nordisk A/S Adr
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$102.49
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+0.80
0.79%
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$103.25
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3,190,280
68.51% of 50 DAV
50 DAV is 4,657,000
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$104.00
-1.45%
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11/2/2023 |
$100.97
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PP = $104.10
MB = $109.31 |
Most Recent Note - 11/8/2023 1:09:22 PM
Y - Churning above average volume today after recently wedging higher with gains lacking great volume conviction. Its 50 DMA line ($95.65) defines important near-term support to watch on pullbacks. Subsequent gains for new highs backed by at least +40% above average volume are needed to trigger a technical buy signal. This Denmark-based Medical - Ethical Drugs firm's shares split 2-1 on 9/20/23. Reported Sep '23 quarterly earnings +69% on +39% sales revenues versus the year-ago period, its 3rd strong quarter, well above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been slow and steady.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2023. Click here.
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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 |
AKAM
- NASDAQ - INTERNET - Internet Software & Services
Akamai Technologies Inc
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$110.00 |
+1.14
1.05%
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$111.80
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$111.32
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-1.19% |
1,899,607
112.74%
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1,685,000
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Most Recent Note for AKAM - 11/8/2023 12:37:41 PM
Hitting a new 52-week high with today's 2nd consecutive volume-driven gain, but it faces resistance due to old overhead supply up to the $123 level. Reported Sep '23 quarterly earnings +29% on +9% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Sub par sales revenues growth remains a concern. It was dropped from the Featured Stocks list on 6/15/15.
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SEC |
News |
Chart | C
A N
S L
I M
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AVAV
- NASDAQ - AEROSPACE/DEFENSE - Aerospace/Defense Products &; Services
Aerovironment Inc
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$124.39 |
+2.70
2.22%
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$127.96
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$124.33
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0.05% |
199,844
70.37%
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284,000
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Most Recent Note for AVAV - 11/8/2023 12:39:59 PM
Hitting a new 52-week high with todaygain after consolidating above its 50 DMA line in an orderly manner building an 8-week base. Last noted with caution in the 10/17/23 mid-day report - "Reported Jul '23 quarterly earnings versus a year-ago loss on +40% sales revenues, its 2nd strong quarter. Fundamental concerns remain as prior quarterly and annual earnings (C and A criteria) comparisons have not been strong and steady above the minimum earnings guidelines."
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SEC |
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A N
S L
I M
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CELH
- NASDAQ - Beverages-Non-Alcoholic
Celsius Holdings Inc
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$182.37 |
+8.21
4.71%
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$188.77
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$206.85
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-11.83% |
1,964,181
140.70%
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1,396,000
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Most Recent Note for CELH - 11/8/2023 12:49:31 PM
REbounding above its 50 DMA line with today's 3rd volume-driven gain in the span of 4 sessions. The Mar, Jun, and Sep '23 quarterly comparisons showed greatly improved earnings with strong sales revenues growth versus year ago periods. After years of losses it had a profitable FY '19 then a downturn in FY '20 and '21 followed by a big loss in FY '22.
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A N
S L
I M
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GASS
- NASDAQ - Transportation-Ship
Stealthgas Inc
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$5.26 |
-0.17
-3.04%
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$5.41
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$5.98
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-12.12% |
184,914
86.81%
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213,000
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Most Recent Note for GASS - 11/8/2023 12:53:55 PM
Pulling back today for a 4th consecutive loss, it stalled after rebounding to touch new multi-year highs last week. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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A N
S L
I M
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GIB
- NYSE - Computer - Tech Services
CGI Inc Cl A
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$97.62 |
-4.18
-4.11%
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$101.55
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$107.66
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-9.33% |
104,809
81.25%
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129,000
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Most Recent Note for GIB - 11/8/2023 12:55:54 PM
Undercutting its 50 and 200 DMA lines with today's big loss. Reported earnings +15% on +8% sales revenues for the Sep '23 quarter versus the year-ago period. Fundamental concerns remain. Subpar sales revenues and earnings growth leave concerns with respect to the winning models of the fact-based investment system.
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A N
S L
I M
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GNE
- NYSE - Utility-Diversified
Genie Energy Ltd Cl B
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$22.64 |
+1.25
5.82%
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$22.77
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$23.75
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-4.69% |
84,992
70.24%
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121,000
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Most Recent Note for GNE - 11/8/2023 12:59:06 PM
Trading in a wider than usual intra-day range for a 3rd consecutive session today while very extended from any sound base. Found prompt support at its 50 DMA line then rallied to new 52-week highs with a noted streak of volume-driven gains. Reported Sep '23 quarterly earnings -36% on +54% sales revenues versus the year ago period and fundamental concerns remain.
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A N
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I M
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HCI
- NYSE - INSURANCE - Property & Casualty Insurance
H C I Group Inc
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$73.83 |
+9.33
14.47%
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$74.78
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$70.00
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5.47% |
352,895
534.69%
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66,000
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Most Recent Note for HCI - 11/8/2023 1:01:40 PM
Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Found support near its 200 DMA line while consolidating since in recent months. Reported greatly improved earnings for the Sep '23 quarter versus a big loss for the year-ago period. Concerns remain and it is not a match with the fact-based investment system's fundamental guidelines. Subpar sales revenues growth and erratic annual earnings (A criteria) history.
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A N
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I M
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JHX
- NYSE - MATERIALS & CONSTRUCTION - Cement
James Hardie Ind Plc Adr
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$30.84 |
+4.32
16.29%
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$31.04
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$31.93
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-3.41% |
51,623
112.22%
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46,000
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Most Recent Note for JHX - 11/8/2023 1:03:40 PM
This Ireland-based cement firm gapped up today for a considerable gain challenging its Aug '23 high. Found prompt support at its 200 DMA line recently. Reported earnings +5% on +0% sales revenues for the Sep '23 quarter versus the year ago period, its 6th consecutive quarterly comparison well below the +25% minimum earnings guideline (C criteria).
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A N
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I M
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NYT
- NYSE - MEDIA - Publishing - Newspapers
New York Times Co Cl A
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$44.48 |
+2.87
6.90%
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$45.33
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$45.30
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-1.81% |
1,358,997
121.45%
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1,119,000
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Most Recent Note for NYT - 11/8/2023 1:12:23 PM
Hitting a new 52-week high with today's 2nd consecutive volume-driven gain. Reported Sep '23 quarterly earnings +54% on +9% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria) versus the year-ago period but with lackluster sales revenues growth. Annual earnings (A criteria) growth had a downturn in FY '22. Found support above its 200 DMA line. Faces resistance due to old overhead supply up to the $55 level.
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A N
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I M
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PRIM
- NASDAQ - DIVERSIFIED SERVICES - Technical Services
Primoris Services Corp
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$31.47 |
+1.71
5.73%
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$34.15
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$36.19
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-13.06% |
570,085
161.04%
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354,000
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Most Recent Note for PRIM - 11/8/2023 1:15:38 PM
Gapped up today but then promptly slumped back below its 50 DMA line ($31.85). Reported Sep '23 quarterly earnings -9% on +19% sales revenues versus the year ago period. Annual earnings (A criteria) history had a downturn in FY '22, not a great match with the fact-based investment system's guidelines. The Building - Heavy Construction firm is one of the largest specialty contractors and engineering companies in the Western United States primarily serving the power and energy industries.
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RWAY
- NASDAQ - Finance-Commercial Loans
Runway Growth Finance
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$13.03 |
+0.06
0.46%
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$13.50
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$13.91
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-6.33% |
211,262
207.12%
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102,000
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Most Recent Note for RWAY - 11/8/2023 1:21:39 PM
Rebounded above its 50 and 200 DMA lines challenging prior highs with today's 8th consecutive gain. Met stubborn resistance in the $14 area in recent years. Reportd Sep '23 quarterly earnings +50% on +62% sales revenues versus the year-ago period. continuing its streak of strong quarterly results above the +25% minimum earnings guideline (C criteria). This VC firm has a limited history since its 10/21/21 IPO at $14.63.
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TJX
- NYSE - RETAIL - Discount, Variety Stores
T J X Cos Inc
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$90.59 |
+0.15
0.17%
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$91.17
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$93.78
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-3.40% |
3,645,283
77.12%
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4,727,000
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Most Recent Note for TJX - 11/8/2023 1:23:37 PM
Consolidating above its 50 DMA line ($89.88) with volume cooling after the noted 11/02/23 volume-driven gain. Very little resistance remains due to overhead supply up to its $93.78 all-time high. Reported July '23 quarterly earnings +23% on +8% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the fact-based investment system's +25% minimum 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.
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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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