Mid-Day Breakouts Report - Tuesday, January 24th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, JANUARY 24TH, 2023
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DOW 33586.65 -42.91 (-0.13%) | NASDAQ 11348.98 -15.44 (-0.14%) | S&P 500 4013.2 -6.61 (-0.16%)

Time of Screening : 1/24/2023 12:18:54 PM Report Released : 1/24/2023 12:54:41 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...

To View Current Notes and Data on currently Featured Stocks go to the latest
Featured Stocks Page

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
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (50 DAV)	52 Wk Hi % From Hi	Date Featured	Price Featured	Max Buy
STRL - NASDAQ Sterling Construction Co	$34.10	+1.38 4.22%	$34.20	146,262 68.99% of 50 DAV 50 DAV is 212,000	$34.86 -2.18%	12/14/2022	$32.41	PP = $33.72 MB = $35.41
Most Recent Note - 1/24/2023 12:54:28 PM Y - Rising back above the previously cited pivot point and challenging its 52-week high with today's 3rd consecutive volume-driven gain. Rebounded back above its 50 DMA line ($32.12) after slumping below that important short-term average following its recently noted failed breakout attempt. Highlighted in yellow with pivot point cited based on its 11/08/22 high plus 10 cents in the 12/14/22 mid-day report. Confirming volume-driven gains for a new high would be a reassuring sign of fresh institutional buying demand. >>> The latest Featured Stock Update with an annotated graph appeared on 1/9/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AE - AMEX - Oil&Gas-Refining/Mktg Adams Res & Energy Inc	$49.63	+0.05 0.10%	$50.28	$51.50	-3.63%	64,181 256.72%	25,000
Most Recent Note for AE - 1/24/2023 12:20:17 PM This thinly-traded AMEX listed stock held its ground stubbornly after recently powering higher with volume-driven gains. Fundamentals remain a concern due to an erratic quarterly and annual earnings history (C and A criteria).
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AQUA - NYSE - Pollution Control Evoqua Water Tech Corp	$48.58	+1.30 2.74%	$48.92	$48.05	1.09%	2,498,678 257.07%	972,000
Most Recent Note for AQUA - 1/24/2023 12:24:29 PM Gapped up on the prior session following M&A news and it is challenging its 52 week high today. Completed Secondary Offerings on 2/10/21, 12/03/20, 8/07/20 and 3/05/20. Reported Sep '22 quarterly earnings +45% on +18% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has not good after a downturn in FY '19.
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$65.93	-1.68 -2.48%	$66.37	$72.12	-8.58%	5,505,464 112.84%	4,879,000
Most Recent Note for AZN - 1/24/2023 12:26:12 PM Gapped down today slumping well below its 50 DMA line ($68). Noted in prior mid-day reports - "Encountering distributional pressure after touching a new 52-week high last week following a deep consolidation. Reported Sep '22 quarterly earnings +68% on +11% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a great match with the fundamental guidelines of the fact-based investment system."
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CMCL - AMEX - Mining-Gold/Silver/Gems Caledonia Mining Corp	$15.50	-0.12 -0.77%	$15.74	$18.23	-14.98%	50,992 145.69%	35,000
Most Recent Note for CMCL - 1/24/2023 12:26:54 PM Faces overhead supply which may act as resistance up to the $18 level. Quarterly earnings comparisons through Sep '22 have not been strong and steady above the +25% minimum (C criteria).
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DHI - NYSE - Bldg-Resident/Comml D R Horton Inc	$96.11	+0.43 0.45%	$98.93	$97.32	-1.24%	1,819,109 66.51%	2,735,000
Most Recent Note for DHI - 1/24/2023 12:28:27 PM Reported Dec '22 quarterly earnings -13% on +3% sales revenues versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22.
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$31.51	+0.16 0.51%	$31.79	$32.61	-3.37%	51,742 61.60%	84,000
Most Recent Note for DMLP - 1/24/2023 12:29:50 PM Found support at its 200 DMA line ($28) and it is perched within close striking distance of its 52-week high. Prior mid-day reports noted - "Has a new CEO as of 10/03/22. Fundamental concerns remain. The 7 latest quarterly comparisons through Sep '22 showed very strong sales revenues and earnings increases over the year ago periods. However, its annual earnings history (A criteria) has been up and down."
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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$76.54	-0.45 -0.58%	$77.07	$77.35	-1.05%	19,843 66.14%	30,000
Most Recent Note for NVEC - 1/24/2023 12:30:37 PM Holding its ground stubbornly following a recently noted streak of 9 consecutive gains. Faces little resistance due to overhead supply up to the $81 level. Reported Sep '22 quarterly earnings +68% on +57% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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OVLY - NASDAQ - Banks-West/Southwest Oak Valley Bancorp	$24.61	-0.23 -0.93%	$25.54	$25.74	-4.39%	42,620 213.10%	20,000
Most Recent Note for OVLY - 1/24/2023 12:32:51 PM Perched near its 52-week high hit on the prior session with a volume-driven gain. The quarterly comparisons in Sep and Dec '22 had earnings increases above the +25% minimum guideline (C criteria),m but 4 prior quarterly comparisons were sub par. Annual earnings (A criteria) history has been strong and steady.
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PCAR - NASDAQ - AUTOMOTIVE - Trucks & Other Vehicles Paccar Inc	$106.29	+4.04 3.95%	$106.98	$107.18	-0.83%	2,439,582 115.95%	2,104,000
Most Recent Note for PCAR - 1/24/2023 12:42:46 PM Rebounded above its 50 DMA line ($101.87) on the prior session and it is powering to a new all-time high with today's big volume-driven gain. Reported earnings +77% on +22% sales revenues for the Dec '22 quarter versus the year ago period, its 5th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic.
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PERI - NASDAQ - Comml Svcs-Advertising Perion Networks Ltd	$32.50	+0.82 2.58%	$32.73	$31.88	1.94%	344,001 77.13%	446,000
Most Recent Note for PERI - 1/24/2023 12:44:32 PM Held its ground after recently noted volume-driven gains and today's 3rd consecutive gain has it challenging the Nov '21 high in the $33 area. Found support near its 50 DMA line since noted in the 12/06/22 mid-day report - "Reported Sep '22 quarterly earnings +53% on +31% sales revenues versus the year ago period. Prior quarterly earnings history (C criteria) has been above the +25% minimum. Annual earnings (A criteria) history has been improving steadily after a downturn from FY '15-18."
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PR - NYSE - Oil&Gas-U S Expl&Prod Permian Resources Cp Cl A	$10.54	-0.17 -1.59%	$10.80	$11.43	-7.79%	4,579,482 76.91%	5,954,000
Most Recent Note for PR - 1/24/2023 12:47:17 PM Reported strong sales revenues and earnings increases in recent quarterly comparisons through Sep '22 versus year ago periods. Annual earnings (A criteria) history included a big downturn and then a loss in FY '20, not a match with the fact-based investment system's fundamental guidelines.
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SENEA - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Seneca Foods Corp Cl A	$61.08	-1.01 -1.63%	$62.62	$68.74	-11.14%	31,953 61.45%	52,000
Most Recent Note for SENEA - 1/24/2023 12:49:13 PM Sputtering below its 50 DMA line ($63) and recently tested its 200 DMA line ($57.46). Quarterly comparison for Sep '22 showed +79% earnings on +18% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history leaves fundamental concerns.
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SILC - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Silicom Ltd	$47.20	+0.36 0.77%	$47.56	$50.00	-5.60%	19,719 98.60%	20,000
Most Recent Note for SILC - 1/24/2023 12:51:07 PM This Israel-based Computer- Networking firm reported Sep '22 quarterly earnings +94% on +19% sales revenues versus the year ago period, its 2nd strong quarterly comparisons. Fundamental concerns remain as its quarterly and annual earnings (C and A criteria) are not a great match with the fact-based investment system's guidelines. It survived but failed to impress since dropped from the Featured Stocks list on 4/14/14.
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