Mid-Day Breakouts Report - Wednesday, February 1st, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 1ST, 2023
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DOW 33773.24 -312.8 (-0.92%) | NASDAQ 11552.82 -31.74 (-0.27%) | S&P 500 4058.26 -18.34 (-0.45%)

Time of Screening : 2/1/2023 12:19:34 PM Report Released : 2/1/2023 12:59:57 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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
ALGM - NASDAQ Allegro Microsystems Inc	$38.86	+0.69 1.81%	$39.20	1,251,494 87.64% of 50 DAV 50 DAV is 1,428,000	$38.56 0.78%	1/31/2023	$37.80	PP = $38.38 MB = $40.30
Most Recent Note - 2/1/2023 12:22:03 PM Y - Hitting another new high today. Posted a big gain with +378% above average volume for a best-ever close on the prior session after highlighted in yellow with pivot point cited based on its 12/28/21 high plus 10 cents. After a deep 12-month consolidation, subsequent gains and a strong close above the pivot point may clinch a technical buy signal. New CEO in Jun '22. Quarterly comparisons through Dec '22 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. >>> The latest Featured Stock Update with an annotated graph appeared on 1/31/2023. 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	$48.86	+0.86 1.79%	$48.87	$51.50	-5.13%	80,631 260.10%	31,000
Most Recent Note for AE - 2/1/2023 12:20:16 PM This thinly-traded AMEX listed stock has been consolidating 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	$48.13	-0.38 -0.78%	$48.31	$48.92	-1.61%	976,917 75.79%	1,289,000
Most Recent Note for AQUA - 2/1/2023 12:23:27 PM Gapped up on 1/23/23 following M&A news and challenged its 52 week high with volume-driven gains. Reported Dec '22 quarterly earnings +50% on +19% 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) included a downturn in FY '19. Completed Secondary Offerings on 2/10/21, 12/03/20, 8/07/20 and 3/05/20.
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ATKR - NYSE - Bldg-Constr Prds/Misc Atkore International Grp	$142.16	+11.91 9.14%	$145.99	$130.37	9.04%	522,040 115.24%	453,000
Most Recent Note for ATKR - 2/1/2023 12:25:43 PM Gapped up today for a considerable volume-driven gain and new all-time high, its 9th consecutive gain. Sequential quarterly comparisons have shown worrisome deceleration in its growth rate. Reported earnings +1% on -1% sales revenues for the Dec '22 quarter versus the year ago period, breaking a streak of 8 quarterly comparison s above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been very strong and steady.
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BHP - NYSE - METALS & MINING - Industrial Metals & Minerals B H P Billiton Ltd Adr	$68.54	-1.61 -2.30%	$69.92	$71.52	-4.17%	2,055,499 75.54%	2,721,000
Most Recent Note for BHP - 2/1/2023 12:26:57 PM Huge Australian Mining - Metal Ores firm is quietly hovering near multi-year highs after a deep consolidation since noted in the 3/09/21 mid-day report with caution - "Erratic earnings history remains a concern."
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CAT - NYSE - MANUFACTURING - Farm & Construction Machinery Caterpillar Inc	$247.78	-4.51 -1.79%	$252.70	$266.04	-6.86%	2,369,187 76.33%	3,104,000
Most Recent Note for CAT - 2/1/2023 12:28:52 PM Goliath company in the Machinery - Construction/Mining industry is pulling back further today after a gap down on the prior session for a volume-driven loss. Recently wedged to new all-time highs with gains lacking great volume conviction. Reported earnings +43% on +20% sales revenues for the Dec '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Fundamental concerns remain due to prior sub par quarterly comparisons and its up and down annual earnings (A criteria) history.
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CB - NYSE - INSURANCE - Property & Casualty Insurance Chubb Corp	$215.63	-11.86 -5.21%	$220.98	$231.37	-6.80%	1,555,326 97.21%	1,600,000
Most Recent Note for CB - 2/1/2023 12:30:05 PM Gapped down today retreating from its all-time high and violating its 50 DMA line. Noted with caution in prior mid-day reports - " Quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$47.34	+0.26 0.54%	$47.56	$52.45	-9.75%	564,750 122.51%	461,000
Most Recent Note for CRH - 2/1/2023 12:30:37 PM Fundamental concerns remain. Rebounding toward its all-time high after a deep consolidation since noted with caution in then 2/02/22 mid-day report - "Irish Building - Cement firm has an erratic earnings (C and A criteria) history but showed greater sales revenues and earnings in the Mar and Jun '21 quarterly comparisons."
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IEX - NYSE - MANUFACTURING - Diversified Machinery Idex Corp	$227.24	-12.45 -5.19%	$239.00	$246.23	-7.71%	337,170 94.18%	358,000
Most Recent Note for IEX - 2/1/2023 12:31:31 PM Violating its 50 DMA line today. Reported +18% earnings on +13% sales revenues for the Dec '22 quarter, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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JFIN - NASDAQ - Financial Svcs-Specialty Jiayin Group Cl A	$3.39	-0.01 -0.29%	$3.51	$3.79	-10.55%	51,637 114.75%	45,000
Most Recent Note for JFIN - 2/1/2023 12:32:24 PM Quarterly earnings comparisons through Sep '22 have been strong versus the year ago period. There was a downturn in FY '19 and '20 earnings, and fundamental concerns remain.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$21.48	+1.63 8.21%	$21.92	$21.07	1.95%	833,922 156.17%	534,000
Most Recent Note for LPG - 2/1/2023 12:34:53 PM Powering to a new 52-week high with today's 6th consecutive volume-driven gain. Reported very strong Jun, Sep and Dec '22 quarterly earnings results versus the year ago periods. Fundamental concerns remain due to its erratic annual earnings (A criteria) history.
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MBLY - NYSE - Elec-Semicondctor Fablss Mobileye Global Inc	$39.68	+1.08 2.80%	$40.20	$39.19	1.25%	1,846,929 83.50%	2,212,000
Most Recent Note for MBLY - 2/1/2023 12:35:37 PM Hitting a new high with today's 3rd consecutive volume-driven gain. Israel-based fabless Semiconductor firm completed its $21 IPO on 10/26/22. Reported earnings +125% on +59% sales revenues for the Dec '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria).
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MCFT - NASDAQ - Leisure-Products Mastercraft Boat Holdings Inc	$29.17	+0.41 1.43%	$29.17	$29.77	-2.02%	106,995 96.39%	111,000
Most Recent Note for MCFT - 2/1/2023 12:36:09 PM The 2 latest quarterly earnings comparisons through Sep '22 were well above the +25% minimum earnings guideline (C criteria) but fundamental concerns remain. Annual earnings had a downturn in FY '20. Went through a long consolidation since noted with caution at multi-year highs in the 5/14/21 mid-day report. Completed a Secondary Offering on 12/08/16. Completed its $10 IPO on 7/17/15.
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MHO - NYSE - MATERIALS & CONSTRUCTION - Residential Construction M I Homes Inc	$58.03	-1.77 -2.96%	$60.85	$59.80	-2.96%	282,219 142.53%	198,000
Most Recent Note for MHO - 2/1/2023 12:36:54 PM Due to report Dec '22 quarterly results. Reported +43% earnings on +12% sales revenues for the Sep '22 quarter versus the year ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Quarterly and annual earnings results include blue triangles beside the reported earnings figures - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$14.98	+0.16 1.08%	$15.11	$16.12	-7.07%	27,700 79.14%	35,000
Most Recent Note for NOA - 2/1/2023 12:38:02 PM On track today for a 6th consecutive volume-driven gain. Making steady progress since rebounding above prior highs after recently finding support near its 50 DMA line. Reported stronger Sep '22 quarterly results but fundamental concerns remain.
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NRP - NYSE - ENERGY - Coal Natural Resource Pts LP	$53.82	-0.37 -0.68%	$54.22	$54.98	-2.11%	27,124 75.34%	36,000
Most Recent Note for NRP - 2/1/2023 12:38:35 PM Hovering near its 52-week high following a streak of gains. Found support when consolidating near its 200 DMA line in recent months. Recent quarterly comparisons through Sep '22 have been very strong versus the year ago periods. Annual earnings (A criteria) history has been erratic.
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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$72.39	-0.48 -0.66%	$73.48	$77.35	-6.41%	25,240 76.48%	33,000
Most Recent Note for NVEC - 2/1/2023 12:40:07 PM Found support after a gap down on 1/26/23 testing its 50 DMA line ($68.06). Prior mid-day reports noted - "Faces little resistance due to overhead supply up to the $81 level. Reported Sep '22 quarterly earnings +22% on +18% 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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ODFL - NASDAQ - TRANSPORTATION - Trucking Old Dominion Fght Lines	$363.71	+30.47 9.14%	$368.79	$337.97	7.62%	951,668 127.74%	745,000
Most Recent Note for ODFL - 2/1/2023 12:47:23 PM Reported Dec '22 quarterly earnings +21% versus the year ago period, breaking a streak of quarterly comparisons above the +25% minimum guideline (C criteria). Gapped up today challenging its all-time high with a big volume-driven gain. Went through a deep consolidation since dropped from the Featured Stocks list on 1/11/22.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.06	-0.02 -0.25%	$6.24	$7.05	-14.11%	117,564 87.73%	134,000
Most Recent Note for PANL - 2/1/2023 12:48:20 PM Reported Sep '22 quarterly earnings +8% on -13% sales revenues versus the year ago period, breaking a streak of very strong comparisons. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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PHM - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Pulte Group Inc	$56.58	-0.31 -0.54%	$57.48	$56.98	-0.70%	1,584,312 76.13%	2,081,000
Most Recent Note for PHM - 2/1/2023 12:49:12 PM Gapped up on the prior session. Faces little remaining resistance due to overhead supply up to the $63 level. Reported earnings +45% on +19% sales revenues for the Dec '22 quarter versus the year ago period. This Building - Residential/Commercial firm has posted 12 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong.
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SAIA - NASDAQ - TRANSPORTATION - Trucking Saia Inc	$288.96	+16.18 5.93%	$289.37	$304.49	-5.10%	394,718 111.19%	355,000
Most Recent Note for SAIA - 2/1/2023 12:50:27 PM Rising above recent highs in the $261-265 area with today's 3rd volume-driven gain in the span of 4 sessions, but it faces resistance due to overhead supply up to the $365 level. Due to report Dec '22 quarterly results on 2/03/23. Reported earnings +28% on +18% sales revenues for the Sep '22 quarter versus the year ago period, its 9th quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved following a downturn in FY '16.
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SBR - NYSE - FINANCIAL SERVICES - Diversified Investments Sabine Royalty Tr Ubi	$83.37	-2.28 -2.67%	$85.93	$91.10	-8.49%	64,384 81.50%	79,000
Most Recent Note for SBR - 2/1/2023 12:51:35 PM Testing suport at its 50 DMA line ($83) today with another volume-driven loss. Sputtered since barely touching a new all-time high when the 1/17/23 mid-day report noted - "Quarterly comparisons through Sep '22 have shown impressive sales revenues and earnings increases over the year ago periods. Annual earnings history (A criteria) has been up and down."
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TFII - NYSE - Transportation-Truck TFI International Inc	$112.26	+0.96 0.86%	$114.32	$112.25	0.01%	148,656 77.83%	191,000
Most Recent Note for TFII - 2/1/2023 12:53:05 PM Faces little resistance due to overhead supply up to the $120 level. Due to report Dec '22 quarterly results on 2/06/23. The Sep '22 quarter showed earnings +38% on +7% sales revenues versus the year ago period, its 7th strong quarterly comparison. Fundamental concerns remain. This Canada-based Transportation - Truck and logistics services firm had a downturn in FY '20 annual earnings. Went through a deep consolidation since noted with caution in the 2/09/22 mid-day report.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$111.79	-1.94 -1.71%	$115.70	$126.78	-11.82%	78,731 114.10%	69,000
Most Recent Note for UFPT - 2/1/2023 12:55:30 PM Met resistance near its 50 DMA line ($116) earlier today when rebounding after damaging volume-driven losses. Reported earnings +412% for the Sep '22 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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WNEB - NASDAQ - Finance-Savings & Loan Western New Eng Bancorp	$9.87	+0.12 1.23%	$9.90	$10.25	-3.71%	34,120 81.24%	42,000
Most Recent Note for WNEB - 2/1/2023 12:59:51 PM Perched within striking distance of its 52-week high. Reported strong Dec '22 quarterly results versus the year ago period. Prior quarterly comparisons showed sub par sales revenues and earnings growth. Annual earnings (A criteria) history had a downturn in FY '19 and '20 also leaving fundamental concerns.
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