Mid-Day Breakouts Report - Monday, June 12th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 12TH, 2023
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DOW 33939.3 62.52 (0.18%) | NASDAQ 13354.04 94.89 (0.72%) | S&P 500 4313.52 14.66 (0.34%)

Time of Screening : 6/12/2023 12:27:02 PM Report Released : 6/12/2023 1:00:55 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...

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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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$466.27	+12.27 2.70%	$468.98	$466.59	-0.07%	2,781,414 84.77%	3,281,000
Most Recent Note for ADBE - 6/12/2023 12:28:29 PM Gapped up for a 2nd consecutive session rising above its August 2022 high. The 6/09/23 mid-day report noted - "Faces resistance due to overhead supply up to the $699 level. Reported Feb '23 quarterly earnings +13% on +9% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria)."
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AMWD - NASDAQ - MATERIALS & CONSTRUCTION - Lumber, Wood Production American Woodmark Corp	$69.73	+1.42 2.08%	$69.96	$69.30	0.62%	66,405 67.76%	98,000
Most Recent Note for AMWD - 6/12/2023 12:31:17 PM Hitting another new 52-week high with today's gain adding to a recent spurt of volume-driven gains. Reported Apr '23 quarterly earnings +60% on -4% sales revenues versus the year ago period. Prior quarterly earnings increases have been above the +25% minimum guideline (C criteria). Sales revenues growth and its annual earnings (A criteria) history are subpar.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$841.70	+37.08 4.61%	$843.58	$921.78	-8.69%	2,040,847 76.32%	2,674,000
Most Recent Note for AVGO - 6/12/2023 12:35:12 PM On track today for a 4th consecutive gain and possibly a new high close. Held its ground following a noted "negative reversal" on 5/30/23 after hitting a new all-time high. Prior mid-day reports cautioned members - "Reported earnings +14% on +8% sales revenues for the Apr '23 quarter versus the year ago period, its 2nd subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong."
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BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$57.04	+0.61 1.07%	$58.31	$58.13	-1.88%	95,676 70.87%	135,000
Most Recent Note for BELFB - 6/12/2023 12:35:29 PM Very extended from any sound base and hitting yet another new 52-week high with today's gain. Rebounded above its 50 DMA line with a gap up on 4/27/23 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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CLMB - NASDAQ - Wholesale-Electronics Climb Global Solutions	$47.99	+0.44 0.93%	$48.25	$55.70	-13.84%	21,098 75.35%	28,000
Most Recent Note for CLMB - 6/12/2023 12:35:57 PM Still sputtering below its 50 DMA line ($49) encountering distributional pressure. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +21% on +19% sales revenues versus the year-ago period. Fundamental concerns remain."
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CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$10.07	+0.02 0.23%	$10.25	$11.09	-9.17%	22,723 66.83%	34,000
Most Recent Note for CODA - 6/12/2023 12:37:19 PM Found support at its 20-day moving average as it pulled back from new multi-year highs with a streak of losses backed by above average volume. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$111.10	-0.76 -0.68%	$113.00	$113.83	-2.40%	296,378 75.99%	390,000
Most Recent Note for CPA - 6/12/2023 12:39:05 PM Panamanian Airline is perched at its 52-week high following volume-driven gains. Last noted in the 5/11/23 mid-day report - "Reported earnings +470% on +52% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons also showed great improvement. A big loss in FY '20 leaves fundamental concerns."
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$10.19	+0.69 7.26%	$10.20	$10.50	-2.95%	34,707 80.71%	43,000
Most Recent Note for ELTK - 6/12/2023 12:39:41 PM Hovering near multi-year highs after an impressive spurt higher. Noted with caution in prior mid-day reports -"Fundamental concerns remain."
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EVI - AMEX - Machinery-Gen Industrial Envirostar Inc	$23.50	-0.78 -3.21%	$24.84	$26.92	-12.70%	12,440 77.75%	16,000
Most Recent Note for EVI - 6/12/2023 12:42:09 PM Perched near its 52-week high but faces resistance due to overhead supply up to the $38 level. This thinly-traded Machinery - General Industrial firm found support at its 200 DMA line during its recent consolidation. Showed better sales and earnings increases in most recent quarterly comparisons through Mar '23, but fundamental concerns remain. Its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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EXTR - NASDAQ - INTERNET - Internet Software & Services Extreme Networks Inc	$24.10	+0.90 3.86%	$24.18	$23.38	3.06%	1,229,918 70.68%	1,740,000
Most Recent Note for EXTR - 6/12/2023 12:42:45 PM Hitting yet another a new 52-week high with today's gain adding to a recent spurt of volume-driven gains. Noted in the 5/31/23 mid-day report - "Found support near its 200 DMA line during its consolidation in recent months. Quarterly comparisons in Dec '22 and Mar '23 showed improved sales revenues and earnings increases with encouraging acceleration. Prior quarterly and annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system."
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INTT - AMEX - ELECTRONICS - Semiconductor - Integrated Cir Intest Corporation	$26.01	+0.44 1.72%	$26.65	$26.50	-1.85%	180,026 72.59%	248,000
Most Recent Note for INTT - 6/12/2023 12:44:30 PM Found support near its 50 DMA line and rallied to new 52-week highs with 7 volume-driven gains in the span of 8 sessions. The 6/09/23 mid-day report noted - "Reported strong earnings increases in the past 2 quarterly comparisons through the Mar '23 quarter, well above the +25% minimum earnings guideline (C criteria) with strong sales revenues growth. Prior quarterly and annual earnings (A criteria) is not a good match with the fact-based investment system's guidelines."
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JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$97.70	+3.10 3.27%	$97.74	$95.49	2.31%	616,473 67.97%	907,000
Most Recent Note for JBL - 6/12/2023 12:46:25 PM Hitting new all-time highs with today's 5th consecutive gain. Found support above prior highs during its consolidation since last noted with caution in the 3/17/23 mid-day report - "Reported Feb '23 quarterly earnings +12% on +8% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a small downturn in FY '20."
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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$23.35	+0.84 3.73%	$23.35	$23.81	-1.93%	123,788 119.03%	104,000
Most Recent Note for LMB - 6/12/2023 12:46:35 PM Fundamental concerns remain. Very extended from any sound base.
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MCFT - NASDAQ - Leisure-Products Mastercraft Boat Holdings Inc	$30.04	+0.24 0.81%	$30.31	$35.29	-14.88%	93,174 66.55%	140,000
Most Recent Note for MCFT - 6/12/2023 12:50:20 PM Reported Mar '23 quarterly earnings +0% on -2% sales revenues versus the year-ago period and fundamental concerns remain. The Dec '22 quarter was below the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '20. Went through a long consolidation since noted with caution at multi-year highs in the 5/14/21 mid-day report. Completed a Secondary Offering on 12/08/16. Completed its $10 IPO on 7/17/15.
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MSA - NYSE - Security/Sfty M S A Safety Inc	$155.07	+0.92 0.59%	$155.29	$154.73	0.22%	88,661 78.46%	113,000
Most Recent Note for MSA - 6/12/2023 12:50:43 PM Hitting a new 52-week high with today's 5th consecutive gain. Reported earnings +24% on +20% sales revenues for the Mar '23 quarter versus the year ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history improved steadily. Faces resistance due to overhead supply up to the $172 level.
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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$99.68	-1.25 -1.24%	$100.88	$105.56	-5.57%	1,601,630 78.09%	2,051,000
Most Recent Note for NVS - 6/12/2023 12:51:36 PM Following M&A news it is still consolidating near its 50 DMA line ($99) after retreating from its all-time high. Fundamental concerns remain for this Swiss Drug company.
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ONTO - NYSE - ELECTRONICS - Semiconductor Equipment Onto Innovation Inc	$111.65	+1.55 1.41%	$112.06	$113.87	-1.95%	191,763 74.33%	258,000
Most Recent Note for ONTO - 6/12/2023 12:53:53 PM Holding its ground stubbornly after spiking to new all-time highs with recent volume-driven gains. Reported Mar '23 quarterly earnings -30% on -17% sales revenues versus the year ago period, breaking a streak of strong quarterly comparisons very strong, well above the +25% minimum earnings guideline (C criteria). Annual earnings history included a noted downturn in FY '19, not a great match with the fact-based investment system's fundamental guidelines.
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$116.69	+6.84 6.23%	$117.51	$110.15	5.94%	14,182,191 183.78%	7,717,000
Most Recent Note for ORCL - 6/12/2023 12:54:49 PM Gapped up today hitting another new 52-week high. The 6/09/23 mid-day report noted - "It faces no resistance due to overhead supply. Reported Feb '23 quarterly earnings +8% on +18% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$249.58	-12.08 -4.62%	$266.44	$270.18	-7.62%	1,983,705 86.70%	2,288,000
Most Recent Note for SMCI - 6/12/2023 12:56:13 PM Perched near its all-time high today following 5 consecutive volume-driven gains, very extended from any sound base. Prior mid-day reports cautioned members - "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	$104.79	-2.07 -1.93%	$106.57	$111.85	-6.32%	415,188 102.77%	404,000
Most Recent Note for TNET - 6/12/2023 12:58:07 PM Faces no resistance due to overhead supply following a considerable volume-driven gain on the prior session. Reported Mar '23 quarterly earnings -2% on +2% sales revenues versus the year-ago period. 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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TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$107.10	+4.30 4.19%	$107.39	$105.24	1.77%	11,682,199 97.34%	12,001,000
Most Recent Note for TSM - 6/12/2023 12:58:39 PM Hitting a new 52-week high today after stubbornly holding its ground in recent weeks. Faces resistance due to overhead supply up to the $145 level. Went through a deep consolidation since noted in the 1/18/22 mid-day report near its all-time high. Reported Mar '23 quarterly earnings -4% on -3% sales revenues versus the year ago period, breaking a streak of quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$171.06	+3.75 2.24%	$171.09	$171.44	-0.22%	55,017 75.37%	73,000
Most Recent Note for UFPT - 6/12/2023 12:59:42 PM Extended from any sound base and hitting a new all-time high with today's gain adding to noted volume-driven gains. The 6/05/23 mid-day report noted <i>"Reported earnings +98% on +37% sales revenues for the Mar '23 quarter versus the year ago period, its 2nd strong quarter. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady."</i>
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VTS - NYSE - Finance-Investment Mgmt Vitesse Energy	$24.79	-0.49 -1.92%	$25.68	$27.39	-9.51%	368,271 96.91%	380,000
Most Recent Note for VTS - 6/12/2023 1:00:50 PM Hovering near its 52-week high today following volume-driven gains. The 6/08/23 mid-day report noted - "Limited history is cause for concern since trading began on 1/10/23 on the NYSE."
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