Mid-Day Breakouts Report - Friday, June 16th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 16TH, 2023
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DOW 34410.36 2.3 (0.01%) | NASDAQ 13747.18 -35.64 (-0.26%) | S&P 500 4424.11 -1.73 (-0.04%)

Time of Screening : 6/16/2023 12:02:49 PM Report Released : 6/16/2023 1:24:10 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
AMPH - NASDAQ Amphastar Pharmaceuticals	$53.99	+1.76 3.37%	$54.05	311,172 73.05% of 50 DAV 50 DAV is 426,000	$52.85 2.16%	5/15/2023	$43.56	PP = $44.15 MB = $46.36
Most Recent Note - 6/16/2023 12:07:58 PM G - Hitting yet another new high with today's 3rd consecutive gain backed by above average volume, getting very extended from any sound base. Prior highs in the $44 area define initial support to watch above its 50 DMA line ($42.47) on pullbacks. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 5/15/2023. Click here.
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PANW - NYSE Palo Alto Networks	$244.35	+0.55 0.23%	$247.67	3,796,620 82.23% of 50 DAV 50 DAV is 4,617,000	$244.86 -0.21%	6/5/2023	$228.35	PP = $213.73 MB = $224.42
Most Recent Note - 6/16/2023 1:11:17 PM G - Hit yet another new all-time high today following 4 consecutive gains backed by above average volume. Very extended from the prior high ($213) which defines initial support to watch on pullbacks. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 6/5/2023. Click here.
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SPSC - NASDAQ S P S Commerce Inc	$182.83	+0.81 0.44%	$185.70	149,623 96.53% of 50 DAV 50 DAV is 155,000	$182.22 0.33%	4/24/2023	$150.01	PP = $157.56 MB = $165.44
Most Recent Note - 6/16/2023 1:19:13 PM G - Hit yet another new 52-week high today while adding to an imrepssive streak of gains, getting very extended from any sound base. Reported Mar '23 quarterly earnings +22% on +20% versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising some fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 5/31/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$501.18	+10.27 2.09%	$518.74	$495.20	1.21%	6,930,506 189.67%	3,654,000
Most Recent Note for ADBE - 6/16/2023 12:06:26 PM Hitting new 52-week highs with today's 7th consecutive volume-driven gain, rising above its August 2022 high. Prior mid-day reports 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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APG - NYSE - Security/Sfty APi Group Corporation	$25.31	-0.03 -0.10%	$25.60	$25.75	-1.73%	665,848 71.52%	931,000
Most Recent Note for APG - 6/16/2023 12:11:09 PM Faces very little resistance due to overhead supply up to its $26.84 all-time high hit in Jan '22. Reported Mar '23 quarterly earnings +9% on +10% sales revenues versus the year-ago period and fundamental concerns remain.
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AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$877.76	-5.67 -0.64%	$889.95	$921.78	-4.78%	2,006,195 70.07%	2,863,000
Most Recent Note for AVGO - 6/16/2023 12:12:20 PM Holding its ground stubbornly near its new all-time high following volume-driven gains. 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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BERY - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Berry Plastics Group Inc	$63.49	+0.13 0.21%	$63.94	$66.21	-4.11%	650,031 78.79%	825,000
Most Recent Note for BERY - 6/16/2023 12:15:39 PM Fundamental concerns remain. Went through a deep consolidation since last noted with caution in the 8/24/20 mid-day report - "Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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BLX - NYSE - BANKING - Foreign Regional Banks Banco Latinoamericano C	$20.78	-0.23 -1.09%	$21.13	$21.19	-1.93%	73,366 79.75%	92,000
Most Recent Note for BLX - 6/16/2023 12:28:05 PM Made steady progress above its Oct '21 high in recent weeks. Reported Mar '23 quarterly earnings +229% on +203% sales revenues versus the year-ago period. Quarterly comparisons in Jun, Sep, and Dec '22 also showed very strong sales revenues and earnings increases versus the year-ago periods. Up and down annual earnings (A criteria) history is a concern.
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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$24.31	-0.19 -0.78%	$24.73	$24.58	-1.10%	159,715 91.79%	174,000
Most Recent Note for DFH - 6/16/2023 12:32:21 PM Hit yet another new 52-week high today while adding to a recently noted spurt of gains marked by volume. Faces no resistance due to overhead supply. Quarterly results through Dec '22 were strong, but Mar '23 quarterly earnings rose +7% on +16% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria).
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ESE - NYSE - MANUFACTURING - Pollution & Treatment Controls E S C O Technologies Inc	$99.05	+0.49 0.50%	$100.25	$101.52	-2.43%	84,551 97.19%	87,000
Most Recent Note for ESE - 6/16/2023 12:34:36 PM Perched within close striking distance of its 52-week high with today's 6th consecutive small gain. Reported earnings +17% on +12% sales revenues for the Mar '23 quarter, breaking a streak of 3 strong quarters above the +25% minimum earnings guideline (C criteria). Fundamental concerns also remain due to subpar annual earnings (A criteria) growth.
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ETN - NYSE - MANUFACTURING - Diversified Machinery Eaton Corp Plc	$193.55	-3.34 -1.70%	$196.88	$197.49	-2.00%	2,127,535 104.60%	2,034,000
Most Recent Note for ETN - 6/16/2023 12:37:26 PM Perched at its all-time high. Made steady progress since it rebounded above its 50 DMA line when last noted in the 5/02/23 mid-day report - "Through the Mar '23 quarter its subpar sales revenues and earnings growth history remain a concern, fundamentally."
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FTDR - NASDAQ - Bldg-Maintenance & Svc Frontdoor Inc	$30.90	-0.05 -0.16%	$31.36	$33.88	-8.80%	1,012,456 134.46%	753,000
Most Recent Note for FTDR - 6/16/2023 12:39:32 PM Quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines. Faces resistance due to overhead supply up to the $58 level.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$124.87	-0.94 -0.75%	$126.69	$128.70	-2.98%	57,526 75.69%	76,000
Most Recent Note for ICFI - 6/16/2023 12:46:59 PM Perched at its all-time high following volume-driven gains since last noted in the 6/01/23 mid-day report - "Reported earnings +8% on +17% sales revenues for the Mar '23 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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KAI - NYSE - Machinery-Gen Industrial Kadant Inc	$221.66	-4.03 -1.78%	$229.90	$225.69	-1.79%	52,186 100.36%	52,000
Most Recent Note for KAI - 6/16/2023 12:49:09 PM Perched within striking distance of its all-time high following recent volume-driven gains. Went through a deep consolidation since noted with caution in the 11/03/21 mid-day report. Reported earnings +5% on +1% sales revenues for the Mar '23 quarter versus the year-ago period, its 4th quarterly comparison below the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in FY '20 annual earnings (A criteria) history, not a great match with the guidelines of the fact-based investment system.
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LEN - NYSE - Bldg-Resident/Comml Lennar Corp Cl A	$120.94	+1.13 0.94%	$121.95	$120.36	0.48%	1,561,150 72.68%	2,148,000
Most Recent Note for LEN - 6/16/2023 12:50:21 PM Gapped up for a 2nd consecutive session hitting another new all-time high and it faces no resistance due to overhead supply. Reported earnings -37% on -4% sales revenues for the May '23 quarter versus the year-ago period, its 3rd quarterly comparison below the +25% minimum guideline (C criteria). A noted downturn in its FY '19 annual earnings history (A criteria) was followed by strong growth.
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LIN - NYSE - Chemicals-Specialty Linde Plc	$374.76	-1.68 -0.45%	$377.00	$378.50	-0.99%	1,643,186 112.09%	1,466,000
Most Recent Note for LIN - 6/16/2023 12:51:32 PM This UK-based Chemicals - Specialty firm is perched at its all-time high today. Through Mar '23 its 6 latest quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady.
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MLR - NYSE - AUTOMOTIVE - Auto Parts Miller Industries Inc	$36.58	+0.40 1.09%	$37.51	$36.47	0.29%	32,819 99.45%	33,000
Most Recent Note for MLR - 6/16/2023 12:56:23 PM Hitting a new 52-week high today. Reported Mar '23 quarterly earnings +350% on +31% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings (A criteria) had a downturn in FY '20 and '21, not a match with the fundamental guidelines of the fact-based investment system. It went through a deep consolidation since dropped from the Featured Stocks list on 1/16/20.
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MOD - NYSE - Auto/Truck-Original Eqp Modine Mfg Co	$31.32	-0.31 -0.96%	$32.00	$34.01	-7.92%	321,170 82.35%	390,000
Most Recent Note for MOD - 6/16/2023 12:58:47 PM Pulling back from its 52-week high following a spurt of volume-driven gains since the 6/01/23 mid-day report last noted - "Found support at its 200 DMA line in recent weeks while consolidating. Reported Mar '23 quarterly earnings +18% on +8% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong following a downturn in FY '20."
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MSA - NYSE - Security/Sfty M S A Safety Inc	$158.56	-2.72 -1.69%	$163.03	$161.70	-1.94%	88,093 72.21%	122,000
Most Recent Note for MSA - 6/16/2023 12:59:52 PM Hit another new 52-week high today following 8 consecutive volume-driven gains. 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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MSFT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Microsoft Corp	$345.99	-2.11 -0.61%	$351.47	$349.84	-1.10%	20,943,408 75.08%	27,894,000
Most Recent Note for MSFT - 6/16/2023 1:02:17 PM Hit another new all-time high today after capping a streak of 6 consecutive gains with a big volume-driven gain on the prior session. Reported 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 9,401 top-rated funds.
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NPO - NYSE - Machinery-Gen Industrial Enpro Industries Inc	$125.99	-0.64 -0.50%	$127.73	$127.67	-1.32%	162,860 138.02%	118,000
Most Recent Note for NPO - 6/16/2023 1:03:32 PM Rebounded well above its 50 DMA line and after volume-driven gains it faces no resistance due to overhead supply. Reported Mar '23 quarterly earnings +25% on +5% sales revenues versus the year ago period, and 3 of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 12/16/22.
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NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$101.73	+0.34 0.34%	$102.73	$105.56	-3.63%	1,655,995 82.88%	1,998,000
Most Recent Note for NVS - 6/16/2023 1:04:19 PM Following M&A news it is consolidating above its 50 DMA line ($100) after retreating from its all-time high. Fundamental concerns remain for this Swiss Drug company.
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OEC - NYSE - CHEMICALS - Specialty Chemicals Orion Engineered Carbons LLC	$23.03	-1.32 -5.42%	$24.39	$26.91	-14.42%	289,479 70.78%	409,000
Most Recent Note for OEC - 6/16/2023 1:06:47 PM Slumping well below its 50 DMA line ($24.57) with today's big loss, slumping after last week it was perched near its 52-week high. Reported earnings +30% on +3% sales revenues for the Mar '23 quarter versus the year-ago period, its 3rd quarterly comparison above the +25% minimum guideline but with sales revenues growth showing worrisome deceleration. Annual earnings had a downturn in FY '19 and '20.
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$126.33	-0.22 -0.17%	$127.40	$127.54	-0.95%	7,366,174 75.60%	9,743,000
Most Recent Note for ORCL - 6/16/2023 1:08:36 PM Following 6 consecutive volume-driven gains it is perched at its all-time high. Prior mid-day reports noted - "It faces no resistance due to overhead supply. Reported May '23 quarterly earnings +8% on +17% 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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SNN - NYSE - HEALTH SERVICES - Medical Appliances & Equipment Smith & Nephew Plc Ads	$32.01	+0.01 0.02%	$32.28	$33.09	-3.27%	907,482 102.42%	886,000
Most Recent Note for SNN - 6/16/2023 1:13:30 PM Rebounded above its 50 DMA line this week with volume-driven gains after slumping below it since last noted with caution in the 4/26/23 mid-day report - "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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SNPS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Technical & System Software Synopsys Inc	$442.21	-4.16 -0.93%	$449.88	$468.03	-5.52%	699,585 75.55%	926,000
Most Recent Note for SNPS - 6/16/2023 1:17:05 PM Hovering near its all-time high following considerable volume-driven gains in recent weeks. Reported Apr '23 quarterly earnings +2% on +9% sales revenues versus the year ago period, its 4th consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). It went through a deep consolidation then rebounded impressively since dropped from the Featured Stocks list on 9/01/22.
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SSD - NYSE - MANUFACTURING - Small Tools & Accessories Simpson Manufacturing	$130.24	-1.67 -1.26%	$132.69	$133.45	-2.41%	117,068 76.02%	154,000
Most Recent Note for SSD - 6/16/2023 1:21:13 PM Rebounding after a deep copnsolidation, it faces little resistance due to overhead supply up to the $141 level. Reported Mar '23 quarterly earnings -6% on +8% sales revenues versus the year-ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$183.19	+1.16 0.64%	$187.81	$187.70	-2.40%	86,331 105.28%	82,000
Most Recent Note for UFPT - 6/16/2023 1:22:05 PM Extended from any sound base and perched at its all-time high following noted volume-driven gains. Prior mid-day reports noted "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."
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VGR - NYSE - TOBACCO - Cigarettes Vector Group Ltd	$12.35	-0.36 -2.83%	$12.72	$14.39	-14.18%	631,802 95.29%	663,000
Most Recent Note for VGR - 6/16/2023 1:24:04 PM Reported Mar '23 quarterly earnings +29% on +7% sales revenues versus the year ago period. Fundamental concerns remain as this Tobacco firm's earnings history is below the fact-based system's guidelines.
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