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 MIDDAY BREAKOUTS REPORT - MONDAY, APRIL 17TH, 2023
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DOW 33882.84 -3.63 (-0.01%) | NASDAQ 12080.78 -42.69 (-0.35%) | S&P 500 4126.94 -10.7 (-0.26%)
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Time of Screening :
4/17/2023 12:10:13 PM Report Released :
4/17/2023 12:28:24 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
ALGM
- NASDAQ
Allegro Microsystems Inc
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$43.30
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-1.75
-3.87%
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$45.26
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895,179
60.53% of 50 DAV
50 DAV is 1,479,000
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$48.72
-11.14%
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1/31/2023 |
$37.80
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PP = $38.38
MB = $40.30 |
Most Recent Note - 4/17/2023 12:14:24 PM
G - Violating its 50 DMA line ($44.80) with today's damaging loss raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2023. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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PERI
- NASDAQ
Perion Networks Ltd
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$41.49
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+1.23
3.06%
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$42.75
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525,173
68.47% of 50 DAV
50 DAV is 767,000
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$42.04
-1.31%
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1/25/2023 |
$31.79
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PP = $33.19
MB = $34.85 |
Most Recent Note - 4/17/2023 12:21:08 PM
G - Hitting another new all-time high with today's 3rd consecutive gain. Its 50 DMA line ($36) 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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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
AGYS
- NASDAQ - Computer-Integrated Syst
Agilysys Inc
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$85.26 |
+1.47
1.75%
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$86.55
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$88.16
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-3.30% |
120,852
88.21%
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137,000
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Most Recent Note for AGYS - 4/17/2023 12:12:19 PM
Consolidating above its 50 DMA line ($81.48) and perched only -4.3% off its 52-week high. Reported Dec '22 quarterly earnings +37% on +27% sales revenues versus the year-ago period, its 2nd strong quarter. Prior mid-day report noted - "Reported stronger Sep '22 quarterly results but fundamental concerns remain. Quarterly earnings (C criteria) history has not been a match with the fact-based investment system's guidelines."
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A N
S L
I M
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DTC
- NYSE - Leisure-Products
Solo Brands
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$7.74 |
-0.56
-6.75%
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$8.31
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$8.62
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-10.21% |
322,073
66.27%
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486,000
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Most Recent Note for DTC - 4/17/2023 12:15:07 PM
Making steady progress in recent weeks but it faces resistance due to overhead supply up to the $21 level. Fundamental concerns remain after reporting lower earnings in the Sep and Dec '22 quarters versus the year-ago periods. Completed its $17 IPO on 10/28/21.
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A N
S L
I M
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FOUR
- NYSE - Finance-CrdtCard/PmtPr
Shift4 Payments
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$68.97 |
-1.27
-1.80%
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$71.23
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$76.40
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-9.73% |
835,479
58.84%
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1,420,000
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Most Recent Note for FOUR - 4/17/2023 12:16:42 PM
Testing support near its 50 DMA line ($67.50) and encountering distributional pressure in recent weeks while still 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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SEC |
News |
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A N
S L
I M
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GLOP
- NYSE - Oil&Gas-Transprt/Pipelne
GasLog Partners LP
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$8.47 |
-0.01
-0.06%
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$8.49
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$9.27
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-8.68% |
410,854
93.16%
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441,000
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Most Recent Note for GLOP - 4/17/2023 12:17:07 PM
Still consolidating near its 50 DMA line ($8.56). 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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SEC |
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A N
S L
I M
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GRBK
- NASDAQ - Real Estate Dvlpmt/Ops
Green Brick Partners Inc
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$35.35 |
+0.29
0.83%
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$36.40
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$35.93
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-1.61% |
330,229
103.52%
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319,000
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Most Recent Note for GRBK - 4/17/2023 12:17:48 PM
Hitting a new 52-week high today and it faces no resistance due to overhead supply. Reported Dec '22 quarterly earnings -5% on -5% sales revenues versus the year-ago period, breaking a streak of 10 strong quarterly comparisons above the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria) included a slight downturn in FY '18. The Building - Residential/Commercial industry group is currently ranked 25th on the 197 Industry Groups list, a reassuring sign concerning the L criteria. Completed a Secondary Offering on 1/27/21.
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SEC |
News |
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A N
S L
I M
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LULU
- NASDAQ - MANUFACTURING - Textile Manufacturing
Lululemon Athletica
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$368.37 |
+0.12
0.03%
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$373.41
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$410.70
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-10.31% |
1,110,826
60.11%
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1,848,000
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Most Recent Note for LULU - 4/17/2023 12:19:57 PM
Holding its ground since a gap up on 3/29/23 after reporting Jan '23 quarterly earnings +31% versus the year-ago period. Last noted with caution in the 3/30/23 mid-day report - "Faces resistance due to overhead supply up to the $485 level. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '21."
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A N
S L
I M
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SCPL
- NASDAQ - Computer Sftwr-Gaming
Sciplay Corporation
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$17.26 |
+0.18
1.05%
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$17.34
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$18.17
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-5.01% |
1,137,680
240.02%
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474,000
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Most Recent Note for SCPL - 4/17/2023 12:22:36 PM
Reported Dec '22 quarterly earnings +256% on +18% sales revenues versus the year-ago period. Prior 4 quarterly earnings comparisons were below the year-ago periods and its annual earnings history had a downturn in FY '21. Went through a deep consolidation since last noted. Completed its $16 IPO on 5/03/19.
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A N
S L
I M
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STLA
- NYSE - Auto Manufacturers
Stallantis NV
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$18.60 |
-0.27
-1.41%
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$18.71
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$18.97
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-1.98% |
3,277,441
60.00%
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5,462,000
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Most Recent Note for STLA - 4/17/2023 12:23:18 PM
Found prompt support at its 50 DMA line ($17.54) 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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A N
S L
I M
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TRTN
- NYSE - Comml Svcs-Leasing
Triton International Ltd
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$83.26 |
-0.30
-0.35%
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$83.64
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$83.82
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-0.66% |
492,471
61.33%
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803,000
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Most Recent Note for TRTN - 4/17/2023 12:23:36 PM
Bermuda-based Container firm gapped up for a new all-time high on 4/12/23 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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A N
S L
I M
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TT
- NYSE - Machinery-Gen Industrial
Trane Technologies Plc
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$175.20 |
+0.22
0.13%
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$176.37
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$196.22
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-10.71% |
1,474,685
90.86%
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1,623,000
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Most Recent Note for TT - 4/17/2023 12:24:27 PM
Still sputtering after it slumped well below its 50 DMA line ($182) with damaging volume-driven losses. 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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A N
S L
I M
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TXRH
- NASDAQ - LEISURE - Restaurants
Texas Roadhouse Inc
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$107.80 |
-2.09
-1.90%
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$109.22
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$113.20
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-4.77% |
646,714
76.44%
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846,000
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Most Recent Note for TXRH - 4/17/2023 12:27:40 PM
Pulling back today for a 4th consecutive loss after reaching a new all-time high last week. Reported Dec '22 quarterly earnings +17% on +13% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings were not strong and steady above the +25% minimum guideline (C criteria).
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A N
S L
I M
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UBS
- NYSE - BANKING - Money Center Banks
U B S Ag
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$20.88 |
-1.03
-4.70%
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$20.94
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$22.30
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-6.37% |
3,307,920
62.12%
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5,325,000
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Most Recent Note for UBS - 4/17/2023 12:28:19 PM
Gapped down today after challenging its 52-week high with the prior. Gap up and volume-driven gain on 4/11/23 helped it rebound above its 50 DMA line ($20.93) 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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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
We are not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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