Mid-Day Breakouts Report - Tuesday, May 2nd, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, MAY 2ND, 2023
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DOW 33506.35 -545.35 (-1.60%) | NASDAQ 12029.87 -182.72 (-1.50%) | S&P 500 4098.11 -69.76 (-1.67%)

Time of Screening : 5/2/2023 12:22:55 PM Report Released : 5/2/2023 1:06:16 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
GPK - NYSE Graphic Packaging Hldg	$24.40	-0.23 -0.93%	$25.49	3,964,060 136.74% of 50 DAV 50 DAV is 2,899,000	$25.62 -4.76%	10/25/2022	$22.75	PP = $24.17 MB = $25.38
Most Recent Note - 5/2/2023 12:35:36 PM Y - Gapped up today then reversed into the red. Reported Mar '23 quarterly earnings +60% versus the year-ago period. Volume and volatility often increase near earnings news. Rebounded above its 50 DMA line ($24.41) last week helping its outlook improve. It is perched just -4.8% below its all-time high. Recent gains lacked great volume conviction. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 5/1/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AQUA - NYSE - Pollution Control Evoqua Water Tech Corp	$49.19	-0.57 -1.15%	$49.86	$51.35	-4.21%	1,140,066 86.04%	1,325,000
Most Recent Note for AQUA - 5/2/2023 12:24:38 PM Consolidating above its 50 DMA line in an orderly fashion and perched within close striking distance of its 52-week high. Reported Mar '23 quarterly earnings -60% versus the year-ago period, well below 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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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$218.69	+2.69 1.25%	$220.49	$229.00	-4.50%	626,780 79.64%	787,000
Most Recent Note for AXON - 5/2/2023 12:26:13 PM Finding support near its 50 DMA line ($216) this week while consolidating after wedging to new all-time highs with gains lacking great volume conviction. Reported Dec '22 quarterly earnings +52% on +54% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Went through a deep consolidation since dropped from the Featured Stocks list on 3/04/21.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.02	-0.27 -3.70%	$7.24	$7.93	-11.48%	1,468,893 74.04%	1,984,000
Most Recent Note for BBVA - 5/2/2023 12:27:17 PM Slumping back below its 50 DMA line ($7.23) with today's 3rd consecutive loss. Prior mid-day reports cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$42.82	+0.27 0.63%	$43.31	$42.72	0.23%	103,397 89.14%	116,000
Most Recent Note for BELFB - 5/2/2023 12:27:54 PM Up again today for a 4th consecutive volume-driven gain and hitting a new 52-week high. Rebounded above its 50 DMA line after briefly undercutting its 200 DMA line. The Electronic - Parts firm reported Mar '23 quarterly earnings +263% on +26% sales revenues versus the year-ago period, adding to a streak of very strong quarterly results. Annual earnings (A criteria) history has been erratic, and not a match with the fact-based investment system's fundamental guidelines.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$11.20	+0.52 4.87%	$11.24	$11.07	1.17%	259,087 65.26%	397,000
Most Recent Note for DRD - 5/2/2023 12:28:41 PM Hitting a new 52-week high with today's big gain. 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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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$169.63	+0.85 0.50%	$172.09	$178.75	-5.10%	1,430,026 68.75%	2,080,000
Most Recent Note for ETN - 5/2/2023 12:30:33 PM Rebounding above its 50 DMA line ($167). Through the Mar '23 quarter its subpar sales revenues and earnings growth history remain a concern, fundamentally.
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EXPD - NASDAQ - TRANSPORTATION - Air Delivery & Freight Service Expeditors Intl Wash Inc	$111.29	-5.18 -4.45%	$113.93	$119.90	-7.18%	1,050,593 84.59%	1,242,000
Most Recent Note for EXPD - 5/2/2023 12:33:21 PM Reported Mar '23 quarterly earnings -29% versus the year-ago period. Reported earnings -48% on -36% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly results were subpar. Annual earnings (A criteria) history has not been a good match with the fact-based investment system's guidelines.
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HUBS - NYSE - Computer Sftwr-Enterprse Hubspot Inc	$417.86	-2.99 -0.71%	$423.26	$431.60	-3.18%	468,933 77.77%	603,000
Most Recent Note for HUBS - 5/2/2023 12:36:25 PM Went through a deep consolidation since noted with caution in the 11/17/21 mid-day report. Faces resistance due to overhead supply up to the $866 level. Due to report Mar '23 quarterly results. 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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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$84.23	-1.49 -1.74%	$85.32	$85.87	-1.91%	152,029 107.82%	141,000
Most Recent Note for HURN - 5/2/2023 12:38:48 PM Due to report Mar '23 quarterly results. Pulling back today with higher volume after hitting new 52-week highs with recent gains backed by lackluster volume. Prior mid-day reports noted - "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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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$112.57	-5.09 -4.32%	$117.14	$121.28	-7.19%	60,407 71.07%	85,000
Most Recent Note for ICFI - 5/2/2023 12:41:09 PM Perched -6.2% off its all-time high while pulling back today following a streak of 5 consecutive volume-driven gains. Recently consolidating above its 50 and 200 DMA lines Reported earnings +31% on +23% 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) and its sales revenues growth rate was lackluster.
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IDXX - NASDAQ - DRUGS - Diagnostic Substances Idexx Laboratories Inc	$462.59	-27.01 -5.52%	$481.00	$515.79	-10.31%	253,271 66.83%	379,000
Most Recent Note for IDXX - 5/2/2023 12:42:51 PM Slumping below its 50 DMA line. Reported earnings +18% for the Mar '23 quarter versus the year-ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings (A criteria) history has been good.
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LPG - NYSE - Oil&Gas-Transprt/Pipelne Dorian LPG Ltd	$21.57	-0.79 -3.53%	$22.43	$23.51	-8.25%	588,891 100.15%	588,000
Most Recent Note for LPG - 5/2/2023 12:44:22 PM Pulling back today testing its 50 DMA line ($21.29) after volume-driven gains had it perched within close striking distance of its 52-week high. 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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LSCC - NASDAQ - ELECTRONICS - Semiconductor - Specialized Lattice Semiconductor	$84.07	+2.43 2.98%	$85.65	$96.82	-13.17%	1,671,023 99.58%	1,678,000
Most Recent Note for LSCC - 5/2/2023 12:46:16 PM Rebounding with today's 3rd consecutive gain after slumping well below its 50 DMA line ($89) with damaging volume-driven losses. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported Mar '23 quarterly earnings +38% on +22% sales revenues versus the year-ago period, its 9th consecutive strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong.
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MASI - NASDAQ - HEALTH SERVICES - Medical Instruments &; Supplies Masimo Corp	$181.81	-7.25 -3.83%	$183.53	$198.00	-8.18%	338,855 108.96%	311,000
Most Recent Note for MASI - 5/2/2023 12:47:24 PM Pulled back from its 52-week high with recent volume-driven losses. The 4/14/23 mid-day report last noted - "Faces resistance due to overhead supply up to the $305 level. Reported +9% earnings on +88% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$14.10	-0.65 -4.41%	$14.79	$14.86	-5.11%	15,509 77.55%	20,000
Most Recent Note for MPX - 5/2/2023 12:49:32 PM Abruptly retreating today after hitting a new 52-week high with above-average volume behind a 5th consecutive gain as it rose from a 12-week base and was noted in the prior mid-day report - "Reported Mar '23 quarterly earnings +62% versus the year-ago period. Reported strong 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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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$103.23	+0.69 0.67%	$103.33	$105.56	-2.21%	1,503,014 68.16%	2,205,000
Most Recent Note for NVS - 5/2/2023 12:51:00 PM Perched near its all-time high following volume-driven gains. Fundamental concerns remain for this Swiss Drug company.
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ON - NASDAQ - Elec-Semiconductor Mfg O N Semiconductor Corp	$78.95	+0.62 0.79%	$81.38	$87.55	-9.82%	4,945,773 71.18%	6,948,000
Most Recent Note for ON - 5/2/2023 12:52:21 PM Up today for a 3rd consecutive volume-driven gain and rebounding above its 50 DMA line ($77.77). Found prompt support near its 200 DMA line ($70.58) last week. Reported Mar '23 quarterly earnings -2% on +1% sales revenues versus the year-ago period. The Dec '22 quarter was noted for breaking a streak of 7 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady.
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OR - NYSE - Mining-Gold/Silver/Gems Osisko Gold Royalties	$17.16	+0.71 4.32%	$17.27	$17.00	0.94%	1,001,294 100.23%	999,000
Most Recent Note for OR - 5/2/2023 12:53:09 PM Hitting a new multi-year high today following a brief consolidation. 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	$14.20	-0.25 -1.73%	$14.44	$16.08	-11.69%	83,003 65.36%	127,000
Most Recent Note for SCM - 5/2/2023 12:55:29 PM Slumping back below its 50 DMA line ($14.39) with today's 3rd consecutive loss. Its 200 DMA line ($13.67) acted as support in recent weeks. 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) does not match the fact-based investment system's guidelines."
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SFM - NASDAQ - Retail-Super/Mini Mkts Sprouts Farmers Market	$37.55	+2.53 7.21%	$39.99	$35.67	5.26%	3,918,415 244.14%	1,605,000
Most Recent Note for SFM - 5/2/2023 12:56:44 PM Gapped up today hitting a new 52-week high with a considerable volume-driven gain. Reported earnings +24% on +6% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly earnings comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$58.86	-2.52 -4.11%	$60.58	$62.75	-6.20%	5,413,903 110.47%	4,901,000
Most Recent Note for SHEL - 5/2/2023 12:58:20 PM Due to report Mar '23 quarterly results on 5/04/23. Gapped down today retreating from near its 52-week high and undercutting its 50 DMA line ($59.68). The last 5 quarterly comparisons through Dec '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down.
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TNC - NYSE - MANUFACTURING - Diversified Machinery Tennant Co	$79.34	-0.80 -0.99%	$80.33	$80.52	-1.47%	75,193 83.55%	90,000
Most Recent Note for TNC - 5/2/2023 1:00:19 PM The 2 latest quarterly earnings increases through Mar '23 have been above the +25% minimum guideline (C criteria). Prior quarterly and annual earnings (A criteria) history has been subpar and leaves fundamental concerns.
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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$131.20	-0.97 -0.73%	$131.85	$133.56	-1.77%	454,422 128.73%	353,000
Most Recent Note for TRI - 5/2/2023 1:04:07 PM Rebounded after early lows undercut its 50 DMA line ($126.75) with heavier volume behind today's loss following Mar '23 quarterly results. Reported earnings +70% on +3% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarters showed sub-par earnings increases with sub-par sales revenues growth. Annual earnings (A criteria) has been improving after a downturn in FY '17 and '18.
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VRTX - NASDAQ - Medical-Biomed/Biotech Vertex Pharmaceuticals	$347.33	+2.33 0.68%	$354.46	$346.29	0.30%	831,612 76.15%	1,092,000
Most Recent Note for VRTX - 5/2/2023 1:06:11 PM Faces no resistance due to overhead supply as it is hitting a new all-time high with today's 4th consecutive volume-driven gain. Reported Mar '23 quarterly earnings -13% on +13% sales revenues versus the year-ago period. Two of the 3 latest quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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