Extended From Prior Base and Perched at High - Thursday, December 5, 2024
Found Support at 50-Day Moving Average Line Before Earnings Report - Tuesday, November 5, 2024
Gain With Light Volume for Best-Ever Close - Monday, September 30, 2024
Holding Ground Near All-Time High After Pullback Testing Support -
Breakaway Gap For Howmet Aerospace - Tuesday, July 30, 2024
There are 5 more featured stock write-ups on since to 9/20/2024
Holding Ground Near All-Time High After Pullback Testing Support -
Howmet Aerospace Inc (HWM +$0.44 or +0.46% to $96.96) remains perched above its "max buy" level near its all-time high. It wedged higher after a pullback tested prior highs in the $85 area coinciding with its 50-day moving average (DMA) line ($86.31).
The number of top-rated funds owning its shares rose from 1,609 in Sep '23 to 1,803 in Jun '24, a reassuring sign concerning the I criteria. HWM was highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents in the 7/30/24 mid-day report. It was shown that evening under the headline "Breakaway Gap For Howmet Aerospace", with an annotated graph as it hit a new all-time high triggering a technical buy signal volume-driven gain.
Recent quarterly comparisons through Jun '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20. It has an Earnings Per Share Rating of 93, well above the 80+ minimum for buy candidates.
Breakaway Gap For Howmet Aerospace - Tuesday, July 30, 2024
Howmet Aerospace Inc (HWM +$10.96 or +13.23% to $93.81) was highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents in the earlier mid-day report. It hit a new all-time high triggering a technical buy signal with today's considerable "breakaway gap" and volume-driven gain.
Recent quarterly comparisons through Jun '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20.
The number of top-rated funds owning its shares rose from 1,609 in Sep '23 to 1,746 in Jun '24, a reassuring sign concerning the I criteria.
