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 MIDDAY BREAKOUTS REPORT - FRIDAY, DECEMBER 29TH, 2023
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DOW 37580.4 -129.7 (-0.34%) | NASDAQ 14980.46 -114.68 (-0.76%) | S&P 500 4758.73 -24.62 (-0.51%)
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Time of Screening :
12/29/2023 12:25:55 PM Report Released :
12/29/2023 12:51:34 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 |
BGC
- NYSE - MANUFACTURING - Industrial Electrical Equipmen
General Cable Corp
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$7.20 |
+0.44
6.43%
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$7.24
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$6.85
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5.04% |
3,695,953
155.55%
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2,376,000
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Most Recent Note for BGC - 12/29/2023 12:29:10 PM
Hitting new multi-year highs with today's volume-driven gain. Fundamental concerns remain.
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View all notes |
Alert me of new notes |
Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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CSWC
- NASDAQ - FINANCIAL SERVICES - Closed-End Fund - Equity
Capital Southwest Corp
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$23.87 |
-0.25
-1.04%
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$24.29
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$24.19
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-1.32% |
218,830
59.46%
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368,000
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Most Recent Note for CSWC - 12/29/2023 12:29:42 PM
Holding its ground stubbornly and inching to new 52-week highs. Prior mid-day reports noted - "Faces old overhead supply up to the $28 level. Reported Mar, Jun, and Sep '23 quarterly earnings increases above the +25% minimum guideline (C criteria) following 3 subpar quarterly comparisons. Annual earnings growth has been strong since turning profitable in FY '17."
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View all notes |
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Company Profile |
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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$6.13 |
-0.01
-0.16%
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$6.28
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$6.58
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-6.84% |
2,209,382
45.20%
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4,888,000
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Most Recent Note for HMY - 12/29/2023 12:40:41 PM
Hovering near multi-year highs. Prior mid-day reports noted - "Quarterly and annual earnings history (C and A criteria) and sales revenues growth is not a 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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JHX
- NYSE - MATERIALS & CONSTRUCTION - Cement
James Hardie Ind Plc Adr
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$38.81 |
+0.42
1.09%
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$39.01
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$38.64
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0.44% |
43,824
74.28%
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59,000
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Most Recent Note for JHX - 12/29/2023 12:43:08 PM
This Ireland-based cement firm is hitting another new 52-week high today. Steadily rallying after clearing its Aug '23 high with volume-driven gains since last noted in the 12/19/23 mid-day report with caution - "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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View all notes |
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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NYT
- NYSE - MEDIA - Publishing - Newspapers
New York Times Co Cl A
|
$49.00 |
+0.47
0.96%
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$49.54
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$48.88
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0.24% |
584,839
46.27%
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1,264,000
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Most Recent Note for NYT - 12/29/2023 12:48:38 PM
Hitting a new 52-week high with today's 6th consecutive gain after briefly consolidating above prior highs in the $45 area. 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 little resistance due to old overhead supply up to the $55 level.
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View all notes |
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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TRAK
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software
DealerTrack Technologies
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$10.12 |
-0.07
-0.69%
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$10.29
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$11.27
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-10.20% |
20,746
48.25%
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43,000
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Most Recent Note for TRAK - 12/29/2023 12:50:11 PM
Pulling back from multi-year highs with today's loss testing support at its 50 DMA line ($10) which acted as support during recent consolidations. Reported Sep '23 quarterly earnings +17% on +7% sales revenues versus the year ago period. Prior quarterly and annual earnings history and sales revenues growth rate is not a 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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YALA
- NYSE - INTERNET - Content
Yalla Group Ltd Ads
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$6.09 |
-0.02
-0.33%
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$6.31
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$6.44
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-5.43% |
624,502
170.16%
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367,000
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Most Recent Note for YALA - 12/29/2023 12:51:30 PM
Churning above average volume in recent weeks without meaningful price progress, action indicative of distributional pressure after it made slow progress to new multi-year highs. Fundamental concerns remain for this United Arab Emirates-based social networking and entertainment firm.
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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.
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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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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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