Mid-Day Breakouts Report - Wednesday, May 3rd, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 3RD, 2023
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DOW 33642.97 -41.56 (-0.12%) | NASDAQ 12102.54 22.04 (0.18%) | S&P 500 4118.71 -0.87 (-0.02%)

Time of Screening : 5/3/2023 12:05:16 PM Report Released : 5/3/2023 1:00:29 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
CLH - NYSE Clean Harbors Inc	$136.48	-9.58 -6.56%	$144.69	701,786 162.83% of 50 DAV 50 DAV is 431,000	$147.76 -7.63%	3/10/2023	$136.89	PP = $136.74 MB = $143.58
Most Recent Note - 5/3/2023 12:20:17 PM G - Reported Mar '23 quarterly earnings +64% versus the year-ago period. Volume and volatility often increase near earnings news. Recovered a lot after early weakness today violated its 50 DMA line ($137.67) with a big loss triggering a technical sell signal. Recently wedged up above its "max buy" level with gains backed by lackluster volume, not action considered indicative of fresh institutional buying demand. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2023. Click here.
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STRL - NASDAQ Sterling Construction Co	$42.19	+1.93 4.78%	$42.83	161,645 64.40% of 50 DAV 50 DAV is 251,000	$42.00 0.44%	12/14/2022	$32.41	PP = $33.72 MB = $35.41
Most Recent Note - 5/3/2023 12:39:58 PM G - Hitting a new all-time high with today's 5th consecutive gain backed by ever-increasing volume. Rebound above the 50 DMA line ($37.91) on the prior session helped its technical stance improve. Reported Mar '23 quarterly earnings +0% on +10% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 4/28/2023. 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	$49.86	+0.16 0.32%	$50.24	$51.35	-2.90%	1,229,419 90.33%	1,361,000
Most Recent Note for AQUA - 5/3/2023 12:06:16 PM Consolidating above its 50 DMA line in an orderly fashion and still perched within close striking distance of its 52-week high. Reported Mar '23 quarterly earnings -60% on +12% sales revenues 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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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$6.93	-0.16 -2.19%	$6.96	$7.93	-12.67%	1,358,946 67.95%	2,000,000
Most Recent Note for BBVA - 5/3/2023 12:07:31 PM Slumping further below its 50 DMA line ($7.22) with today's 4th consecutive loss. Prior mid-day reports cautioned members - "Fundamental concerns remain for this Spanish banking firm."
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BDC - NYSE - MANUFACTURING - Industrial Electrical Equipmen Belden Inc	$81.72	+2.23 2.81%	$85.99	$92.33	-11.49%	237,242 80.42%	295,000
Most Recent Note for BDC - 5/3/2023 12:13:45 PM Reported earnings +28% for the Mar '23 quarter versus the year-ago period, continuing its track record of strong quarterly earnings increases above the +25% minimum guideline (C criteria) but sequential comparisons show sales revenues growth rate deceleration. Annual earnings history (A criteria) included a downturn in FY '18-20.
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$105.98	+10.78 11.32%	$107.72	$96.91	9.36%	2,614,033 122.09%	2,141,000
Most Recent Note for BLDR - 5/3/2023 12:16:04 PM Reported Mar '23 quarterly earnings -24% versus the year-ago period. Hitting another new all-time high with today's considerable gap up and volume-driven gain. Found support at its 50 DMA line while recently consolidating after rallying above the old 1/03/22 high of $86.48. Fundamental concerns were raised after the Dec '22 quarter showed earnings +15% on -6% sales revenues versus the year-ago period. Sequential quarterly comparisons showed deceleration in its sales revenues and earnings growth rate. Went through a deep pullback since dropped from the Featured Stocks list on 1/21/22.
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BMI - NYSE - Machinery-Constr/Mining Badger Meter Inc	$134.73	-2.93 -2.13%	$138.59	$139.33	-3.30%	96,257 63.75%	151,000
Most Recent Note for BMI - 5/3/2023 12:17:12 PM Held its ground after a gap up on 4/20/23 for a new all-time high. Reported Mar '23 quarterly earnings +35% on +20% sales revenues versus the year-ago period. Prior quarterly sales revenues and earnings history is not a match with the fact-based investment system's guidelines.
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DRD - NYSE - METALS & MINING - Gold Drdgold Ltd Adr	$11.99	+0.66 5.83%	$12.03	$11.39	5.27%	450,358 111.20%	405,000
Most Recent Note for DRD - 5/3/2023 12:21:30 PM Hitting another new 52-week high with today's 2nd consecutive big volume-driven 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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DXCM - NASDAQ - Medical-Systems/Equip Dexcom Inc	$118.31	+0.19 0.16%	$119.88	$126.44	-6.43%	3,894,043 173.15%	2,249,000
Most Recent Note for DXCM - 5/3/2023 12:22:05 PM Consolidating above its 50 DMA line ($116). Faces resistance due to overhead supply up to the $164 level. Reported strong Sep, Dec '22, and Mar '23 quarterly results versus the year-ago periods. Prior quarterly and annual earnings history has been subpar.
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ELF - NYSE - Cosmetics/Personal Care E L F Beauty Inc	$91.80	+0.06 0.07%	$91.89	$97.03	-5.39%	676,380 74.08%	913,000
Most Recent Note for ELF - 5/3/2023 12:24:11 PM Hovering near its 52-week high, extended from any sound base. Its 50 DMA line ($81.25) defines important near-term support to watch. Reported Dec '22 quarterly earnings +100% on +49% sales revenues versus the year-ago period, adding to its streak of strong Jun and Sep '22 quarterly results above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain as a downturn in its FY '19 and '20 annual earnings (A criteria) history does not match the fact-based investment system's fundamental guidelines.
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HURN - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Huron Consulting Grp Inc	$76.14	-9.02 -10.59%	$87.44	$85.87	-11.33%	139,466 96.18%	145,000
Most Recent Note for HURN - 5/3/2023 12:29:14 PM Reported Mar '23 quarterly earnings +78% on +23% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Gapped up today and hit a new high but abruptly reversed into the red and violated its 50 DMA line ($79). Recently hit new 52-week highs with 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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JBSS - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods Sanfilippo John B & Son	$117.65	+11.54 10.88%	$119.33	$106.29	10.69%	71,667 89.58%	80,000
Most Recent Note for JBSS - 5/3/2023 12:34:30 PM Today's considerable gain has it hitting a new all-time high, getting very extended from any sound base. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings +32% on +9% sales revenues for the Mar '23 quarter versus the year-ago period. Three of the past 4 quarterly earnings comparisons were above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) was strong through FY '22.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$131.76	+27.33 26.17%	$133.58	$119.24	10.50%	4,434,832 286.12%	1,550,000
Most Recent Note for SMCI - 5/3/2023 12:38:04 PM Hitting new all-time highs with today's gap up and considerable volume-driven gain. Found support near prior highs after recently slumping below its 50 DMA line ($103) during its consolidation. Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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TNET - NYSE - Comml Svcs-Outsourcing TriNet Group, Inc	$93.76	+0.62 0.67%	$94.14	$94.24	-0.51%	308,352 78.26%	394,000
Most Recent Note for TNET - 5/3/2023 12:41:24 PM Reported Mar '23 quarterly earnings -2% on +2% sales revenues versus the year-ago period. Faces resistance due to overhead supply up to the $109 level. Prior mid-day reports noted - "Reported Dec '22 quarterly earnings -2% on +0% sales revenues 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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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$126.27	-4.57 -3.49%	$128.92	$133.56	-5.46%	336,663 92.74%	363,000
Most Recent Note for TRI - 5/3/2023 12:44:58 PM Undercutting its 50 DMA line ($126.82) with today's loss after a damaging loss with heavier volume on the prior session. Reported Mar '23 quarterly earnings +24% on +4% sales revenues versus the year-ago period. Reported earnings +70% on +3% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarters showed earnings increases near or above the +25% minimum guideline (C criteria) but subpar sales revenues growth remains a cause for concern. Annual earnings (A criteria) growth has been improving after a downturn in FY '17 and '18.
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$179.26	-9.30 -4.93%	$189.58	$196.22	-8.64%	1,011,970 58.09%	1,742,000
Most Recent Note for TT - 5/3/2023 12:47:11 PM Reported Mar '23 quarterly earnings +26% versus the year-ago period. Slumping back below its 50 DMA line ($181.56) with today's damaging volume-driven loss. 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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VOYA - NYSE - Insurance-Life Voya Financial Inc	$71.16	-3.66 -4.89%	$73.25	$78.11	-8.90%	1,368,864 66.13%	2,070,000
Most Recent Note for VOYA - 5/3/2023 12:51:40 PM Gapped down today slumping from near its all-time high and undercutting its 50 DMA line ($72.23) with a considerable volume-driven loss. Fundamental concerns remain after reporting Mar '23 quarterly earnings -7% on +22% sales revenues versus the year-ago period. Waning sales revenues in prior quarterly comparison were a concern. Up and down annual earnings (A criteria) are not a match with the fact-based investment system's guidelines.
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VRSN - NASDAQ - INTERNET - Internet Software & Services Verisign Inc	$224.96	+5.35 2.44%	$226.50	$224.56	0.18%	318,859 61.20%	521,000
Most Recent Note for VRSN - 5/3/2023 12:52:24 PM Reported earnings +19% on +5% sales revenues for the Mar '23 quarter and subpar sales revenues and earnings growth remains a concern. Prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria) and fundamental concerns remain.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$213.50	+14.19 7.12%	$213.77	$205.12	4.09%	1,057,122 164.15%	644,000
Most Recent Note for WING - 5/3/2023 12:55:48 PM Hitting a new all-time high with today's considerable volume-driven gain, getting extended from prior highs in the $187 area. 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 +79% versus the year-ago period, its 3rd strong quarterly comparison. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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YUM - NYSE - LEISURE - Restaurants Yum! Brands Inc	$137.14	-5.76 -4.03%	$141.21	$143.25	-4.27%	1,497,667 102.58%	1,460,000
Most Recent Note for YUM - 5/3/2023 12:58:43 PM Gapped down today retreating from its all-time high following 5 consecutive gains. This Louisville, KY based fast food giant recently wedged into new high territory with gains lacking great volume conviction. Through Mar '23 its quarterly sales revenues and earnings growth history has been well below the fundamental guidelines of the fact-based investment system.
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YUMC - NYSE - Retail-Restaurants Yum China Holdings Inc	$61.97	+0.22 0.36%	$64.27	$64.70	-4.22%	1,305,739 84.73%	1,541,000
Most Recent Note for YUMC - 5/3/2023 1:00:23 PM Rebounding above its 50 DMA line ($61.61) after recently slumping below that important short-term average. Went through a deep consolidation since hitting an all-time high in June 2021. Reported mar '23 quarterly earnings +188% on +9% sales revenues versus the year ago period. Prior quarterly earnings and sales revenues growth has not been strong and steady and its subpar annual earnings history leaves fundamental concerns.
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