Mid-Day Breakouts Report - Thursday, April 13th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 13TH, 2023
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DOW 33797.15 150.65 (0.45%) | NASDAQ 12083.49 154.16 (1.29%) | S&P 500 4116.68 24.73 (0.60%)

Time of Screening : 4/13/2023 12:07:19 PM Report Released : 4/13/2023 12:39:06 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
Featured Stocks Page

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMPH - NASDAQ - Medical-Biomed/Biotech Amphastar Pharmaceuticals	$41.54	+2.17 5.51%	$41.55	$44.46	-6.57%	206,111 65.43%	315,000
Most Recent Note for AMPH - 4/13/2023 12:09:19 PM Posting a solid gain today. Rebounding steadily in recent weeks and little resistance remains due to overhead supply up to the $44 level. Three of the 4 latest quarterly comparisons through Dec '22 versus the year-ago periods have been strong and well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong.
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CNM - NYSE - Bldg-Constr Prds/Misc Core & Main Inc Cl A	$24.91	+0.27 1.10%	$25.08	$26.63	-6.46%	722,655 73.44%	984,000
Most Recent Note for CNM - 4/13/2023 12:11:11 PM Reported Jan '23 quarterly earnings +11% on +10% sales revenues versus the year-ago period. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Limited history is a concern since its $20 IPO on 7/23/21.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$10.72	+0.54 5.30%	$10.80	$10.73	-0.09%	286,943 78.83%	364,000
Most Recent Note for DRD - 4/13/2023 12:12:02 PM Gapped up today. 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	$80.93	+0.53 0.66%	$81.55	$81.57	-0.78%	113,421 81.60%	139,000
Most Recent Note for DSGX - 4/13/2023 12:12:53 PM Posted several small 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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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$159.35	-2.87 -1.77%	$161.53	$178.75	-10.85%	1,055,759 47.75%	2,211,000
Most Recent Note for ETN - 4/13/2023 12:13:56 PM Abruptly slumped from its 52-week high and big volume-driven losses violated its 50 DMA line ($168). Erratic sales and earnings history is a concern.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$35.04	+1.18 3.48%	$35.30	$38.24	-8.37%	263,416 53.65%	491,000
Most Recent Note for FLNG - 4/13/2023 12:14:50 PM Consolidating just above its 50 and 200 DMA lines and today's 6th consecutive gain has it perched -8.5% off its 52-week high. Reported Dec '22 quarterly earnings -22% on -15% sales revenues versus the year-ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). The big downturn in FY '20 annual earnings (A criteria) was previously noted as a fundamental flaw with respect to the strict guidelines of the fact-based investment system.
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FOUR - NYSE - Finance-CrdtCard/PmtPr Shift4 Payments	$72.13	+0.91 1.27%	$72.34	$76.40	-5.60%	742,809 53.59%	1,386,000
Most Recent Note for FOUR - 4/13/2023 12:16:09 PM Encountering some distributional pressure in recent weeks while hovering near its 52-week high. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $103 level. Quarterly results through Dec '22 have shown strong sales revenues and earnings growth. After a loss in FY '20, it showed great earnings growth in FY '21 and '22."
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GFI - NYSE - METALS & MINING - Gold Gold Fields Ltd Adr	$15.53	+0.65 4.33%	$15.64	$16.92	-8.24%	3,659,653 59.85%	6,115,000
Most Recent Note for GFI - 4/13/2023 12:17:14 PM Steadily rebounding toward its 52-week high with today's gain adding to a recent spurt of volume-driven gains. This South African company in the Mining - Gold/Silver/Gems industry reported earnings increases below the +25% minimum guideline (C criteria) with waning sales revenues for the Sep and Dec '22 quarters versus year-ago periods. Annual earnings (A criteria) growth has been strong since a downturn in FY '17 and '18.
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$8.47	+0.01 0.12%	$8.48	$9.27	-8.63%	220,597 50.71%	435,000
Most Recent Note for GLOP - 4/13/2023 12:18:13 PM Still consolidating near its 50 DMA line ($8.55). Gapped up on 1/25/23 following M&A news. Reported Dec '22 quarterly earnings +67% on +19% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain.
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$637.60	-17.78 -2.71%	$648.66	$709.21	-10.10%	183,228 59.88%	306,000
Most Recent Note for GWW - 4/13/2023 12:20:28 PM Slumping further below its 50 DMA line ($669) today, adding to recent volume-driven losses. A rebound above the 50 DMA line is needed for its outlook to improve. Reported earnings +31% on +13% sales revenues for the quarter ended Dec 31, 2022 versus the year-ago period marking its 6th consecutive quarterly comparison well above the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Prds firm included a downturn in FY '20, a common flaw in this post-pandemic era with respect to the A criteria of the fact-based investment system's guidelines.
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$82.88	+1.09 1.33%	$83.48	$82.87	0.01%	119,813 79.88%	150,000
Most Recent Note for HURN - 4/13/2023 12:22:57 PM Hitting a new 52-week high with today's gain adding to recent gains backed by lackluster volume. Found support near its 200 DMA line in recent months then spiked higher on 3/01/23 with a big volume-driven gain. Bullish action came after it reported earnings +40% on +23% sales revenues for the quarter ended December 31, 2022 versus the year-ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a good match with the guidelines of the fact-based system. It survived but failed to impress since dropped from the Featured Stocks list on 8/15/2007.
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MBLY - NYSE - Elec-Semicondctor Fablss Mobileye Global Inc	$42.52	+1.15 2.78%	$43.46	$48.11	-11.62%	982,377 45.50%	2,159,000
Most Recent Note for MBLY - 4/13/2023 12:24:06 PM Consolidating above its 50 DMA line and perched -11.1% off its 52-week high. 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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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$18.06	-0.02 -0.11%	$18.15	$18.33	-1.47%	30,254 45.84%	66,000
Most Recent Note for NOA - 4/13/2023 12:24:56 PM Found support at its 50 DMA line ($16.40) and it wedged up to hit a new 52-week high with recent gains lacking great conviction. Noted with caution in prior mid-day reports - "Reported stronger Sep and Dec '22 quarterly results but fundamental concerns remain."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$166.44	+2.92 1.78%	$166.97	$166.97	-0.32%	2,059,890 151.46%	1,360,000
Most Recent Note for NVO - 4/13/2023 12:26:51 PM This Denmark-based Medical - Ethical Drugs firm is hitting new all-time highs with today's 2nd consecutive volume-driven gain. Wedged higher in recent weeks with gains lacking great volume conviction. Found prompt support after noted with caution in the 3/16/23 mid-day report when briefly undercutting its 50 DMA line ($146.40) - "Fundamental concerns remain. Reported Dec '22 quarterly earnings +19% on +18% sales revenues versus the year-ago period."
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ROK - NYSE - Electrical-Power/Equipmt Rockwell Automation Inc	$274.08	-7.04 -2.50%	$280.62	$309.36	-11.40%	384,178 56.92%	675,000
Most Recent Note for ROK - 4/13/2023 12:27:40 PM Sputtering below its 50 DMA line ($287) in recent weeks. Faces resistance due to overhead supply up to the $354 level. Noted with caution in the 1/26/23 mid-day report - "Reported earnings +15% on +7% sales revenues for the Dec '22 quarter. Prior earnings history was not strong and steady above the +25% minimum earnings guideline (C criteria)."
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STLA - NYSE - Auto Manufacturers Stallantis NV	$18.59	+0.19 1.01%	$18.71	$18.86	-1.46%	2,779,313 50.59%	5,494,000
Most Recent Note for STLA - 4/13/2023 12:29:16 PM Found prompt support at its 50 DMA line ($17.45) while making steady progress in recent months. Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22.
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TAYD - NASDAQ - MANUFACTURING - Diversified Machinery Taylor Devices Inc	$20.15	-0.74 -3.54%	$20.50	$21.80	-7.57%	12,280 81.87%	15,000
Most Recent Note for TAYD - 4/13/2023 12:29:48 PM Consolidating near its high 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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TGH - NYSE - TRANSPORTATION - Logistics Textainer Group Holdings	$36.23	+0.71 2.00%	$36.27	$37.52	-3.44%	223,183 74.89%	298,000
Most Recent Note for TGH - 4/13/2023 12:33:36 PM Reported Dec '22 quarterly earnings -5% on +2% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Gapped up on the prior session with above-average volume behind its considerable gain. Went through a deep consolidation since dropped from the Featured Stocks list when last noted on 4/08/22.
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TRTN - NYSE - Comml Svcs-Leasing Triton International Ltd	$83.11	-0.24 -0.28%	$83.25	$83.52	-0.50%	2,116,001 297.61%	711,000
Most Recent Note for TRTN - 4/13/2023 12:37:04 PM Bermuda-based Container firm gapped up for a new all-time high on the prior session with a considerable gain backed by heavy volume. Went through a choppy consolidation above and below its 200 DMA line since noted with caution in the 7/28/22 mid-day report. Fundamental concerns remain. Reported Dec '22 quarterly earnings +3% on +0% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Sequential quarterly comparisons show worrisome deceleration in its sales revenues growth rate and earnings. Completed a new Public Offering on 9/08/17.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$174.38	-0.52 -0.30%	$175.69	$196.22	-11.13%	905,311 54.77%	1,653,000
Most Recent Note for TT - 4/13/2023 12:38:10 PM Still sputtering after it slumped well below its 50 DMA line ($182.59) with damaging volume-driven losses last 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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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$21.51	+0.24 1.13%	$21.56	$22.30	-3.54%	2,541,358 48.31%	5,260,000
Most Recent Note for UBS - 4/13/2023 12:38:59 PM Gap up and volume-driven gain on 4/11/23 helped it rebound above its 50 DMA line ($20.94) which recently had acted as resistance after an abrupt pullback. Prior mid-day reports repeatedly cautioned members - "Reported Dec '22 quarterly earnings +32% on +15% sales revenues versus the year-ago period. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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