Mid-Day Breakouts Report - Thursday, April 6th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 6TH, 2023
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DOW 33454.76 -27.96 (-0.08%) | NASDAQ 12060.33 63.47 (0.53%) | S&P 500 4097.88 7.5 (0.18%)

Time of Screening : 4/6/2023 12:25:22 PM Report Released : 4/6/2023 1:10:48 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...

To View Current Notes and Data on currently Featured Stocks go to the latest
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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
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
PERI - NASDAQ Perion Networks Ltd	$40.17	-0.33 -0.81%	$40.47	423,881 53.32% of 50 DAV 50 DAV is 795,000	$42.04 -4.45%	1/25/2023	$31.79	PP = $33.19 MB = $34.85
Most Recent Note - 4/6/2023 1:04:31 PM G - Pulling back today for a 2nd small loss with light volume following volume-driven gains for new all-time highs. Its 50 DMA line ($35.18) defines important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 3/31/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALG - NYSE - MANUFACTURING - Farm & Construction Machinery Alamo Group Inc	$166.05	-1.27 -0.76%	$168.50	$186.37	-10.91%	50,208 70.72%	71,000
Most Recent Note for ALG - 4/6/2023 12:28:41 PM Pulling back and now -10.7% off its all-time high with today's 4th consecutive loss. Violated its 50 DMA line ($170) with a damaging volume-driven loss on the prior session when noted in the mid-day report - "Reported earnings +51% on +15% sales revenues for the quarter ended December 31, 2022, versus the year-ago period, its 2nd strong quarter. Fundamental concerns remain. Earnings increases in prior quarters have been below the fact-based investment system's guidelines and annual earnings had a downturn in FY '19 and '20."
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$72.71	+0.66 0.91%	$72.79	$72.48	0.31%	2,169,539 45.32%	4,787,000
Most Recent Note for AZN - 4/6/2023 12:34:34 PM Hitting a new high today with its 7th consecutive gain. Reported Dec '22 quarterly earnings -19% on -7% sales revenues versus the year-ago period. Prior quarterly and annual earnings history does not match the fundamental guidelines of the fact-based investment system.
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CVCO - NASDAQ - MATERIALS & CONSTRUCTION - Manufactured Housing Cavco Industries Inc	$276.80	-17.14 -5.83%	$292.19	$318.00	-12.96%	58,388 78.90%	74,000
Most Recent Note for CVCO - 4/6/2023 12:39:03 PM Violating its 50 DMA line ($287.14) with today's 4th consecutive loss. Reported Dec '22 quarterly earnings -22% on +16% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum guideline (C criteria). Sequential quarterly comparisons have shown deceleration in sales revenues growth rate. Annual earnings (A criteria) growth has been strong and steady. This Building - Mobile/Manufacturing & RV firm went through a deep consolidation below its 200 DMA line then rebounded impressively since noted in the 2/04/22 mid-day report.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$10.08	-0.04 -0.35%	$10.09	$10.29	-2.09%	170,786 47.57%	359,000
Most Recent Note for DRD - 4/6/2023 12:39:31 PM Reported Dec '22 quarterly earnings +2% on +0% sales revenues versus the year-ago period. Fundamental concerns remain as when noted in the 7/27/20 mid-day report - "This low-priced South African company in the Mining - Gold/Silver/Gems group has an erratic earnings history, not a match with the fact-based investment system's guidelines."
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$79.93	-0.49 -0.61%	$80.31	$81.57	-2.01%	85,253 65.58%	130,000
Most Recent Note for DSGX - 4/6/2023 12:41:08 PM Posted a spurt of volume-driven gains while recently consolidating above its 50 DMA line and making gradual progress toward its $91 high hit in Nov '21. Prior mid-day reports noted - "Reported Jan '23 quarterly earnings +55% on +11% sales revenues versus the year-ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria)."
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FND - NYSE - Retail/Whlsle-Bldg Prds Floor & Decor Hldgs	$91.86	-1.47 -1.57%	$92.79	$102.61	-10.48%	819,088 53.89%	1,520,000
Most Recent Note for FND - 4/6/2023 12:42:49 PM Sputtering near its 50 DMA line ($92.85). Last noted with caution in the 2/24/23 mid-day report - "In the midst of a deep consolidation since noted with caution in the 11/16/21 mid-day report near its all-time high. Reported Dec '22 quarterly earnings +45% on +15% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Completed Secondary Offerings on 11/15/17 and 7/20/17 since its 4/27/17 IPO at $21.00."
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FOXF - NASDAQ - Leisure-Products Fox Factory Holding Corp	$114.70	+7.65 7.15%	$114.70	$127.54	-10.07%	187,128 88.27%	212,000
Most Recent Note for FOXF - 4/6/2023 12:44:02 PM Rebounding today after a gap down and damaging volume-driven loss on the prior session and violated its 50 DMA line ($18.66). Faces resistance due to overhead supply up to the $190 level. Reported Dec '22 quarterly earnings +35% on +19% sales revenues versus the year-ago period, but the 2 prior quarterly earnings increases were below the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong. Completed a new Public Offering on 6/19/20. Completed prior Secondary Offerings on 3/02/17, 11/18/16, 8/10/16, 3/11/16, and 7/11/14.
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GOLF - NYSE - Leisure-Products Acushnet Holdings Corp	$49.00	+0.44 0.90%	$49.50	$54.11	-9.45%	175,727 51.84%	339,000
Most Recent Note for GOLF - 4/6/2023 12:45:33 PM Sputtering back below its 50 DMA line ($49.68). Noted with caution in the 3/01/23 mid-day report when rallying near the prior high ($54) and toward its all-time high ($57.87) hit in Nov '21 - "Quarterly sales revenues and earnings growth is not a match with the fact-based investment system's fundamental guidelines. Annual earnings history included a downturn in FY '20."
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HSTM - NASDAQ - INTERNET - Internet Service Providers Healthstream Inc	$26.68	+0.10 0.38%	$26.75	$27.27	-2.16%	63,040 45.03%	140,000
Most Recent Note for HSTM - 4/6/2023 12:47:55 PM Reported Dec '22 earnings +60% on +7% sales revenues for the quarter ended December 21, 2022, versus the year-ago period. Subpar annual earnings (A criteria) history and lackluster sales revenues growth remain fundamental concerns.
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HUBS - NYSE - Computer Sftwr-Enterprse Hubspot Inc	$406.95	+1.70 0.42%	$407.19	$476.11	-14.53%	414,376 56.07%	739,000
Most Recent Note for HUBS - 4/6/2023 12:50:41 PM Went through a deep consolidation since last noted with caution in the 11/17/21 mid-day report. Faces resistance due to overhead supply up to the $866 level. Reported Dec '22 quarterly earnings +91% on +27% sales revenues versus the year-ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong.
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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$155.19	-3.68 -2.31%	$158.63	$176.52	-12.09%	196,265 46.29%	424,000
Most Recent Note for LECO - 4/6/2023 12:53:22 PM Slumped from near its all-time high in recent weeks, and now plunging well below its 50 DMA line ($167.68) with today's 3rd consecutive volume-driven loss. The 3/17/23 mid-day report last cautioned members - "Weak action came after it reported Dec '22 quarterly earnings +20% on +10% sales revenues versus the year-ago period, breaking a streak of quarterly comparisons above the +25% minimum earnings guideline (C criteria). The downward turn in FY '19 and '20 earnings was noted as a flaw concerning the annual earnings history (A criteria)."
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LW - NYSE - Food-Packaged Lamb Weston Holdings Inc	$106.20	+2.03 1.94%	$109.70	$104.99	1.15%	2,009,565 153.52%	1,309,000
Most Recent Note for LW - 4/6/2023 12:55:26 PM Hitting another new all-time high with today's considerable volume-driven gain, getting extended from any sound base. Found support near its 50 DMA line ($100.22) during its consolidation since noted with caution in the 1/06/23 mid-day report - "Reported Nov '22 quarterly earnings +172% on +27% sales revenues versus the year-ago period, its 4th strong quarterly comparison. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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NSIT - NASDAQ - RETAIL - Catalog & Mail Order Houses Insight Enterprises Inc	$143.53	-0.03 -0.02%	$143.70	$144.84	-0.90%	157,927 52.82%	299,000
Most Recent Note for NSIT - 4/6/2023 12:56:49 PM Perched at its all-time high, very extended from any sound base. Found support at its 50 DMA line in December and made steady progress while stubbornly holding its ground. Reported earnings +25% on -2% sales revenues for the Dec '22 quarter versus the year-ago period. Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13.
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NVT - NYSE - Electrical-Power/Equipmt nVent Electric	$41.56	+0.39 0.95%	$41.64	$46.66	-10.93%	690,113 59.34%	1,163,000
Most Recent Note for NVT - 4/6/2023 1:02:32 PM Slumped below its 50 DMA line ($43.22) with damaging volume-driven losses. Earnings increases in the Sep and Dec '22 quarters versus the year-ago periods were above the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show deceleration in its sales revenues growth rate.
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OR - NYSE - Mining-Gold/Silver/Gems Osisko Gold Royalties	$16.74	+0.09 0.54%	$16.77	$17.00	-1.53%	432,109 48.28%	895,000
Most Recent Note for OR - 4/6/2023 1:03:42 PM Perched at multi-year highs today following a recent spurt of volume-driven gains. Prior mid-day reports repeatedly noted - "Reported Dec '22 quarterly earnings +36% on +22% sales revenues versus the year-ago period. Quarterly earnings comparisons through Sep '22 were well below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Annual earnings had a downturn in FY '20."
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SCM - NYSE - Finance-Investment Mgmt Stellus Cap Investment	$13.80	-0.13 -0.94%	$13.96	$16.08	-14.18%	96,779 78.68%	123,000
Most Recent Note for SCM - 4/6/2023 1:05:25 PM Still sputtering after its 50 DMA line ($14.65) acted as resistance following volume-driven losses. Noted with caution in prior mid-day reports - "Reported strong Sep and Dec '22 quarterly results versus the year-ago periods. Prior 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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SNY - NYSE - DRUGS - Drug Manufacturers - Other Sanofi	$55.92	+1.08 1.96%	$56.03	$58.10	-3.76%	1,648,068 89.04%	1,851,000
Most Recent Note for SNY - 4/6/2023 1:07:14 PM Faces very little resistance due to overhead supply up to the $58 level. Prior mid-day reports noted - "Reported earnings +17% on +1% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has been below the fundamental guidelines of the fact-based investment system."
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TAYD - NASDAQ - MANUFACTURING - Diversified Machinery Taylor Devices Inc	$20.55	-0.17 -0.80%	$21.38	$21.80	-5.73%	17,083 106.77%	16,000
Most Recent Note for TAYD - 4/6/2023 1:07:43 PM Consolidating after a considerable gap up on 3/30/23 hitting a new all-time high. Bullish action came after it reported very strong earnings for the Dec '22 quarter versus the year-ago period, continuing a streak of strong quarterly comparisons. Fundamental concerns remain due to up and down annual earnings (A criteria).
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$170.49	-0.01 -0.00%	$172.55	$196.22	-13.12%	1,163,814 76.87%	1,514,000
Most Recent Note for TT - 4/6/2023 1:08:30 PM Slumped well below its 50 DMA line ($182.89) with damaging volume-driven losses this week. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $207 level. Reported improved earnings increases in the Sep and Dec '22 quarters versus the year-ago periods but fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria)."
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$522.82	-11.31 -2.12%	$532.42	$553.06	-5.47%	276,943 45.93%	603,000
Most Recent Note for ULTA - 4/6/2023 1:09:59 PM Encountering some distributional pressure this week after wedging to a new all-time high with gains lacking great volume conviction. Found support near its 50 DMA line ($522) while consolidating in a tight range in recent weeks. Reported Jan '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have been mostly strong and well above the +25% minimum earnings guideline (C criteria). A big downturn in FY '21 earnings (A criteria) was noted as a flaw concerning the strict fundamental guidelines of the fact-based investment system.
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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$14.99	+0.31 2.11%	$15.03	$16.18	-7.35%	2,569,831 49.31%	5,212,000
Most Recent Note for VIPS - 4/6/2023 1:10:42 PM Consolidating in a tight range near its 50 DMA line ($14.79) in recent weeks. Reported earnings +27% on -14% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria) and waning sales revenues remain a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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