Mid-Day Breakouts Report - Tuesday, June 20th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 20TH, 2023
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DOW 33997.98 -301.14 (-0.88%) | NASDAQ 13599.55 -90.02 (-0.66%) | S&P 500 4376.68 -32.91 (-0.75%)

Time of Screening : 6/20/2023 12:04:12 PM Report Released : 6/20/2023 12:38:49 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
AMPH - NASDAQ Amphastar Pharmaceuticals	$55.05	+0.02 0.04%	$55.88	369,299 83.18% of 50 DAV 50 DAV is 444,000	$55.61 -1.01%	5/15/2023	$43.56	PP = $44.15 MB = $46.36
Most Recent Note - 6/20/2023 12:10:30 PM G - Hit yet another new high with today's 4th 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 ($42.80) 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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GPK - NYSE Graphic Packaging Hldg	$24.94	-1.07 -4.11%	$25.55	2,496,583 60.76% of 50 DAV 50 DAV is 4,109,000	$27.56 -9.51%	10/25/2022	$22.75	PP = $24.17 MB = $25.38
Most Recent Note - 6/20/2023 12:21:55 PM G - Slumping below its 50 DMA line ($25.28) raising concerns with today's 4th volume-driven loss in the span of 5 sessions following a noted "negative reversal" on 6/13/23. Only a prompt rebound above the 50 DMA line would help its outlook improve. It was repeatedly noted - "It did not form a sound new base of sufficient length but quickly recovered after testing its 4/27/23 low. Reported Mar '23 quarterly earnings +60% on +9% sales revenues versus the year-ago period." >>> The latest Featured Stock Update with an annotated graph appeared on 6/8/2023. Click here.
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PANW - NYSE Palo Alto Networks	$238.32	-8.22 -3.33%	$245.05	3,609,738 63.78% of 50 DAV 50 DAV is 5,660,000	$247.70 -3.79%	6/5/2023	$228.35	PP = $213.73 MB = $224.42
Most Recent Note - 6/20/2023 12:33:22 PM G - Pulling back from its all-time high with today's loss following 5 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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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	$482.58	-12.60 -2.54%	$492.69	$518.74	-6.97%	2,640,296 68.12%	3,876,000
Most Recent Note for ADBE - 6/20/2023 12:05:35 PM Pulling back from its 52-week high with today's loss following 7 consecutive volume-driven gains 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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ALGM - NASDAQ - Elec-Semiconductor Mfg Allegro Microsystems Inc	$41.94	+1.78 4.42%	$42.35	$48.72	-13.93%	1,035,082 66.52%	1,556,000
Most Recent Note for ALGM - 6/20/2023 12:09:28 PM Today's gap up and volume-driven gain has it rebounding above its 50 DMA line ($39.74) helping its outlook to improve. Faces some resistance due to overhead supply up to the $48 level. It found support above its 200 DMA line since dropped from the Featured Stocks list on 4/25/23. Fundamentals through the Mar '23 quarter remained strong.
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BERY - NYSE - CONSUMER NON-DURABLES - Packaging & Containers Berry Plastics Group Inc	$63.15	-1.57 -2.43%	$64.16	$66.21	-4.62%	926,311 74.58%	1,242,000
Most Recent Note for BERY - 6/20/2023 12:11:05 PM Fundamental concerns remain. Went through a deep consolidation since 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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BWMX - NASDAQ - Hsehold-Appliances/Wares Betterware de Mexico SAB	$13.01	+0.01 0.04%	$13.01	$13.25	-1.85%	16,065 61.79%	26,000
Most Recent Note for BWMX - 6/20/2023 12:11:21 PM Reported Mar '23 quarterly earnings -21% on +93% sales revenues versus the year ago period and fundamental concerns remain.
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CLMB - NASDAQ - Wholesale-Electronics Climb Global Solutions	$48.73	+1.49 3.15%	$48.75	$55.70	-12.51%	21,966 68.64%	32,000
Most Recent Note for CLMB - 6/20/2023 12:14:37 PM Consolidating in an orderly fashion in recent weeks and rising above its 50 DMA line ($48.53) with today's gain. 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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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$108.38	-2.93 -2.63%	$111.02	$114.48	-5.33%	237,804 58.72%	405,000
Most Recent Note for CPA - 6/20/2023 12:16:16 PM Panamanian Airline is pulling back from its 52-week high with today's 3rd consecutive loss following volume-driven gains. Noted in prior mid-day reports - "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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DFH - NYSE - Bldg-Resident/Comml Dream Finders Homes	$24.83	+0.38 1.55%	$25.01	$24.73	0.40%	127,128 67.62%	188,000
Most Recent Note for DFH - 6/20/2023 12:17:03 PM Hitting 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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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$24.00	-0.09 -0.37%	$24.11	$24.69	-2.79%	66,048 60.04%	110,000
Most Recent Note for LMB - 6/20/2023 12:22:20 PM Fundamental concerns remain. Very extended from any sound base.
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NPO - NYSE - Machinery-Gen Industrial Enpro Industries Inc	$126.94	-1.35 -1.05%	$127.64	$128.74	-1.40%	88,769 70.45%	126,000
Most Recent Note for NPO - 6/20/2023 12:25:02 PM It did not form a sound base pattern, but after volume-driven gains in recent weeks 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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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$96.55	+8.54 9.70%	$96.56	$97.27	-0.74%	50,859 145.31%	35,000
Most Recent Note for NVEC - 6/20/2023 12:26:54 PM Today's considerable volume-driven gain has it rebounding near multi-year highs. The 6/13/23 mid-day report noted - "Reported strong Mar '23 quarterly earnings +115% versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines."
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ODC - NYSE - CHEMICALS - Specialty Chemicals Oil Dri Corp America	$55.62	+0.71 1.29%	$55.62	$54.97	1.18%	28,517 109.68%	26,000
Most Recent Note for ODC - 6/20/2023 12:30:11 PM Extended from any sound base and perched at its all-time high today while adding to an impressive spurt of volume-driven gains. Earnings increases have been strong in quarterly comparisons through Apr '23. Not a match with the fact-based investment system's fundamental guidelines due to its up and down annual earnings (A criteria) history.
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ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$123.20	-2.27 -1.81%	$125.25	$127.54	-3.41%	6,703,910 67.15%	9,983,000
Most Recent Note for ORCL - 6/20/2023 12:30:48 PM Following a noted streak of volume-driven gains it is perched near 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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PAM - NYSE - TRANSPORTATION - Trucking Pampa Energia Sa Adr	$42.38	+1.47 3.58%	$42.56	$41.73	1.55%	182,478 122.47%	149,000
Most Recent Note for PAM - 6/20/2023 12:31:56 PM Hitting a new 52-week high with above-average volume behind today's 3rd consecutive gain. This Argentine utility firm's quarterly and annual earnings (C and A criteria) history has been erratic.
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STLA - NYSE - Auto Manufacturers Stallantis NV	$16.76	-0.59 -3.37%	$16.90	$18.97	-11.68%	3,349,228 71.08%	4,712,000
Most Recent Note for STLA - 6/20/2023 12:34:48 PM Gapped down today slumping near its 50 DMA line ($16.66). Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $22 level following a deep consolidation. Fundamental concerns remain due to subpar quarterly and annual (C and A criteria) earnings history through Dec '22."
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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$63.07	-0.66 -1.04%	$63.51	$64.23	-1.81%	43,758 74.17%	59,000
Most Recent Note for STN - 6/20/2023 12:36:48 PM Pulling back today after hitting new all-time highs with a streak of 5 consecutive volume-driven gains. Fundamental concerns remain. Reported Mar '23 quarterly earnings +20% on +17% sales revenues versus the year-ago period. Only 2 of the past 4 quarterly comparisons showed earnings increases above the fact-based investment system's +25% minimum guidelines (C criteria). Annual earnings (A criteria) growth has been strong.
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STVN - NYSE - Medical-Services Stevanato Group S P A	$32.04	-0.33 -1.02%	$32.50	$32.50	-1.42%	400,354 130.83%	306,000
Most Recent Note for STVN - 6/20/2023 12:38:43 PM Perched at its all-time high after 5 consecutive gains. Last noted with caution in the 5/10/23 mid-day report - "Faces no resistance due to overhead supply. Reported Mar '23 quarterly earnings -2% on +10% 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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