Mid-Day Breakouts Report - Wednesday, April 26th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, APRIL 26TH, 2023
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DOW 33521.57 -9.26 (-0.03%) | NASDAQ 11941.93 142.77 (1.21%) | S&P 500 4084.63 13 (0.32%)

Time of Screening : 4/26/2023 12:06:22 PM Report Released : 4/26/2023 1:02:57 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
ANET - NYSE Arista Networks, Inc	$156.90	+3.32 2.16%	$159.58	1,581,596 61.28% of 50 DAV 50 DAV is 2,581,000	$171.44 -8.48%	4/24/2023	$156.56	PP = $171.54 MB = $180.12
Most Recent Note - 4/26/2023 12:08:25 PM Y - Finding support above its 50 DMA line ($154) with today's gain. Color code was changed to yellow with new pivot point cited based on its 3/23/23 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. The 50 DMA line defines important support to watch above prior highs in the $148-145 area. >>> The latest Featured Stock Update with an annotated graph appeared on 4/17/2023. Click here.
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HUBB - NYSE Hubbell Inc	$260.15	+0.74 0.29%	$263.70	259,500 67.40% of 50 DAV 50 DAV is 385,000	$265.50 -2.02%	4/25/2023	$262.85	PP = $257.51 MB = $270.39
Most Recent Note - 4/26/2023 12:26:07 PM Y - Inching higher today. Gapped up on the prior session and closed above the pivot point with a considerable gain backed by +367% triggering a technical buy signal. Highlighted in yellow in the 4/25/23 mid-day report with pivot point cited based on its 3/06/23 high after a 4-month double bottom base. Rebounded above its 50 DMA line ($240) and touched a new 52-week high. Reported strong Mar '23 quarterly earnings +70% over the year-ago period. Its Mar, Jun, Sep, and Dec '22 quarterly earnings increases were above the +25% minimum (C criteria). Annual earnings history (A criteria) had a downturn in FY '20 like many companies during the pandemic. See the latest FSU analysis for more details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 4/25/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.34	+0.17 2.30%	$7.35	$7.93	-7.50%	1,537,124 83.49%	1,841,000
Most Recent Note for BBVA - 4/26/2023 12:09:52 PM Consolidating near its 50 DMA line ($7.24) following a volume-driven loss when the prior mid-day report again cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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DOV - NYSE - CONGLOMERATES - Conglomerates Dover Corp	$142.32	-3.14 -2.16%	$147.16	$160.66	-11.42%	597,013 69.66%	857,000
Most Recent Note for DOV - 4/26/2023 12:11:46 PM Sputtering below its 50 DMA line in recent weeks. Went through a deep consolidation since noted with caution in the 2/04/22 mid-day report. Reported Dec '22 quarterly earnings +21% on +8% sales revenues versus the year-ago period. Earnings increases in quarterly comparisons have not been strong and steady above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history included a downturn in FY '20.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$158.10	-1.90 -1.19%	$159.26	$169.89	-6.94%	461,196 128.83%	358,000
Most Recent Note for EME - 4/26/2023 12:14:51 PM Due to report Mar '23 quarterly earnings. Volume and volatility often increase near earnings news. Consolidating near prior highs and its 50 DMA line ($158.81) since powering to a new all-time high in late February. Bullish action came after it reported earnings +39% on +12% sales revenues for the Dec '22 quarter versus the year-ago period, but fundamental concerns remain. Prior quarterly earnings (C criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$101.17	-0.73 -0.71%	$101.83	$102.26	-1.07%	204,705 69.87%	293,000
Most Recent Note for ENSG - 4/26/2023 12:17:06 PM Hit a new all-time high on the prior session with a volume-driven gain. Reported earnings +13% on +17% sales revenues for the Dec '22 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong.
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FWRD - NASDAQ - TRANSPORTATION - Trucking Forward Air Corp	$103.58	-3.04 -2.85%	$106.17	$117.57	-11.90%	133,627 81.48%	164,000
Most Recent Note for FWRD - 4/26/2023 12:19:49 PM Pulling back testing its 200 DMA line ($103.41) which has acted as support in recent months while consolidating. Reported earnings +18% on +5% sales revenues for the Dec '22 quarter versus the year-ago period, breaking a streak of 8 strong quarterly comparisons above the +25% minimum guideline (C criteria). Annual earnings history included a downturn in FY '19 and '20, not a good match with the fundamental guidelines (A criteria) of the fact-based investment system. Has a new CEO as of 9/01/18.
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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$100.35	+2.94 3.01%	$100.85	$100.93	-0.58%	154,830 97.38%	159,000
Most Recent Note for GIB - 4/26/2023 12:21:54 PM Extended from any sound base and today's volume-driven gain is challenging its 52-week and all-time highs. Found prompt support near its 50 DMA line during prior consolidations. Reported earnings +19% for the Mar '23 quarter versus the year-ago period. Fundamental concerns remain. Subpar sales revenues and earnings growth leave concerns with respect to the winning models of the fact-based investment system.
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HEI - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services Heico Corp	$165.63	-2.46 -1.46%	$168.43	$177.55	-6.71%	195,014 66.79%	292,000
Most Recent Note for HEI - 4/26/2023 12:23:28 PM Down today for a 3rd consecutive loss, slumping well below its 50 DMA line ($170). Reported Jan '23 quarterly earnings +26% on +27% sales revenues versus the year-ago period. Prior quarterly comparisons versus the year-ago periods have not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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KTCC - NASDAQ - COMPUTER HARDWARE - Computer Peripherals Key Tronic Corp	$6.58	-0.02 -0.30%	$6.62	$7.53	-12.62%	30,338 116.68%	26,000
Most Recent Note for KTCC - 4/26/2023 12:27:06 PM Slumped below its 50 DMA line with a volume-driven loss. The latest 3 quarterly comparisons through Dec '22 showed strong earnings increases above the +25% minimum satisfying the C criteria, but fundamental concerns remain due to subpar sales revenues growth.
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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$157.70	-0.69 -0.44%	$159.37	$176.52	-10.66%	268,108 66.04%	406,000
Most Recent Note for LECO - 4/26/2023 12:30:26 PM Sputtering well below its 50 DMA line in recent weeks. Due to report Mar '23 quarterly results. 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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MHO - NYSE - MATERIALS & CONSTRUCTION - Residential Construction M I Homes Inc	$64.47	-0.97 -1.48%	$68.03	$68.03	-5.23%	187,464 59.89%	313,000
Most Recent Note for MHO - 4/26/2023 12:32:33 PM Posted a recent spurt of gains backed by above-average volume. Some overhead supply remains to act as resistance up to the $74 level. Reported Dec '22 quarterly earnings +34% on +16% sales revenues versus the year-ago period. The 3 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Strong 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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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$14.00	+0.78 5.90%	$14.00	$14.55	-3.78%	13,368 70.36%	19,000
Most Recent Note for MPX - 4/26/2023 12:36:32 PM Consolidating above its 50 DMA line ($13.10) and building on an 11-week base. Reported Mar '23 quarterly earnings +62% versus the year-ago period. Reported stronger sales revenues and earnings growth in the Jun, Sep, and Dec '22 quarters versus the year-ago periods. Fundamental concerns remain after a noted downturn in FY '19 and '20 annual earnings. It was dropped from the Featured Stocks list on 12/10/18.
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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$297.26	+21.84 7.93%	$298.20	$297.30	-0.01%	34,958,776 118.85%	29,415,000
Most Recent Note for MSFT - 4/26/2023 12:39:46 PM Gapped up today after reporting earnings +10% on +7% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons, sequentially, showed a deceleration in its sales revenues growth rate and earnings increases below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) growth has been strong and steady. It is already owned by 9,240 top-rated funds.
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OC - NYSE - Bldg-Constr Prds/Misc Owens Corning	$102.18	+2.23 2.23%	$104.37	$105.62	-3.26%	669,747 78.33%	855,000
Most Recent Note for OC - 4/26/2023 12:42:36 PM Reported earnings -5% for the Mar '23 quarter versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria) after a streak of stronger growth. Annual earnings (A criteria) history improved greatly after a slight downturn in FY '19.
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SLGN - NASDAQ - Containers/Packaging Silgan Holdings Inc	$49.63	-3.76 -7.04%	$52.43	$56.10	-11.53%	523,314 148.67%	352,000
Most Recent Note for SLGN - 4/26/2023 12:51:43 PM Following Mar '23 quarterly results it violated its 50 and 200 DMA lines with today's considerable volume-driven loss after it was perched near its all-time high. Reported earnings +6% on +1% 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). Annual earnings history (A criteria) has been strong and steady.
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SNN - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Smith & Nephew Plc Ads	$32.20	+0.69 2.18%	$32.43	$33.60	-4.17%	610,354 64.86%	941,000
Most Recent Note for SNN - 4/26/2023 12:54:21 PM Making steady progress in recent weeks after prior mid-day reports noted - "Fundamental concerns remain. Annual earnings (A criteria) history has been erratic and sales revenues have been flat for the 4 latest quarters through Dec '22 versus the year-ago periods."
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SNY - NYSE - DRUGS - Drug Manufacturers - Other Sanofi	$56.37	-0.82 -1.43%	$57.82	$57.82	-2.52%	1,455,861 83.53%	1,743,000
Most Recent Note for SNY - 4/26/2023 12:56:56 PM Pulling back today with higher volume after challenging its all-time high ($58.10 on 4/11/22). Due to report Mar '23 quarterly results. 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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STM - NYSE - ELECTRONICS - Semiconductor - Broad Line Stmicroelectronics N V	$46.70	+1.56 3.46%	$46.80	$53.53	-12.76%	2,893,645 83.32%	3,473,000
Most Recent Note for STM - 4/26/2023 12:58:41 PM Due to report Mar '23 quarterly results. Stalled after recently reaching a new all-time high and it gapped down last week violating its 50 DMA line ($49.19) This Switzerland-based manufacturer of Semiconductor products reported earnings +61% on +24% sales revenues for the Dec '22 quarter versus the year-ago period, its 9th consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '19.
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SWAV - NASDAQ - Medical-Systems/Equip Shockwave Medical	$287.36	+6.35 2.26%	$300.00	$320.54	-10.35%	597,334 107.63%	555,000
Most Recent Note for SWAV - 4/26/2023 12:59:52 PM Up again today for another volume-driven gain. It has been making progress toward its 52-week high with considerable volume-driven gains. Noted in prior mid-day reports - "Resistance remains due to overhead supply up to the $320 level. Quarterly comparisons through Dec '22 showed very strong sales revenues and earnings increases over the year-ago periods. After years of losses, it had a profitable FY '22, but its annual earnings history (A criteria) is not a match with the strict fundamental guidelines of the fact-based investment system."
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TMHC - NYSE - Bldg-Resident/Comml Taylor Morrison Hme Cl A	$39.59	-0.54 -1.35%	$40.16	$40.53	-2.32%	535,340 58.13%	921,000
Most Recent Note for TMHC - 4/26/2023 1:01:28 PM Pulling back today from a new 52-week high following an orderly consolidation above its 50 DMA line ($36.87). Reported earnings +34% on -1% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons were well above the +25% minimum guideline (C criteria) but showed a sequential deceleration in sales revenues growth rate.
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XPO - NYSE - Transportation-Logistics X P O Logistics Inc	$42.16	-0.91 -2.11%	$43.39	$45.06	-6.44%	1,922,150 93.76%	2,050,000
Most Recent Note for XPO - 4/26/2023 1:02:42 PM Pulling back this week after rebounding near its February '23 high with a noted spurt of gains marked by ever-increasing volume. Faces resistance due to overhead supply up to the $53 level. Completed a new Public Offering on 6/29/21. Reported Dec '22 quarterly earnings +53% on +2% sales revenues versus the year-ago period. Fundamental concerns remain due to subpar sales revenues growth and its up-and-down annual earnings history (A criteria) that do not match with the fundamental guidelines of the fact-based investment system.
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