Mid-Day Breakouts Report - Wednesday, June 21st, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 21ST, 2023
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DOW 34044.91 -8.96 (-0.03%) | NASDAQ 13495.85 -171.45 (-1.25%) | S&P 500 4369.88 -18.83 (-0.43%)

Time of Screening : 6/21/2023 12:15:46 PM Report Released : 6/21/2023 1:20:23 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
STRL - NASDAQ Sterling Construction Co	$52.41	-0.20 -0.38%	$52.68	225,700 85.49% of 50 DAV 50 DAV is 264,000	$54.44 -3.73%	12/14/2022	$32.41	PP = $33.72 MB = $35.41
Most Recent Note - 6/21/2023 1:17:39 PM G - Holding its ground stubbornly near its all-time high, extended from any sound base. Mar '23 quarterly earnings were below the +25% minimum guideline (C criteria) raising fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 6/7/2023. 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	$478.08	-7.78 -1.60%	$495.55	$518.74	-7.84%	2,630,544 67.87%	3,876,000
Most Recent Note for ADBE - 6/21/2023 12:16:37 PM Pulling back from its 52-week high with today's 2nd loss following 7 consecutive volume-driven gains rising above its August 2022 high ($451). 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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AIT - NYSE - WHOLESALE - Industrial Equipment Wholesale Applied Industrial Tech	$138.54	+3.33 2.46%	$139.37	$149.42	-7.28%	111,584 60.64%	184,000
Most Recent Note for AIT - 6/21/2023 12:26:14 PM Faces resistance due to overhead supply up to the $149 level. Rebounding toward its 52-week high after finding prompt support near its 200 DMA line in recent weeks. Reported Mar '23 quarterly earnings +26% on +15% sales revenues, its 9th consecutive quarterly comparison showing earnings increases above the +25% minimum guideline (C criteria). There was a downturn in FY '20 annual earnings (A criteria) like many other companies during the pandemic.
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BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$59.35	-0.21 -0.35%	$60.11	$59.95	-1.00%	79,140 61.35%	129,000
Most Recent Note for BELFB - 6/21/2023 12:27:47 PM Very extended from any sound base and perched at its 52-week high. 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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CSWI - NASDAQ - Chemicals-Specialty C S W Industrials Inc	$162.24	+0.39 0.24%	$162.61	$164.43	-1.33%	48,160 109.45%	44,000
Most Recent Note for CSWI - 6/21/2023 12:33:28 PM Perched at its all-time high following recent volume-driven gains. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Reported earnings +49% on +13% sales revenues for the Mar '23 quarter, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) and sales revenues growth rate has been steady.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$38.39	+0.50 1.32%	$38.43	$43.68	-12.11%	228,062 86.72%	263,000
Most Recent Note for DGII - 6/21/2023 12:37:15 PM Rebounding toward its 52-week high after a deep slump below its 200 DMA line since dropped from the Featured Stocks list on 12/22/22. Reported Mar '23 quarterly earnings +22% on +17% sales revenues versus the year-ago period, breaking a streak of 4 quarterly comparisons above the +25% minimum guideline (C criteria).
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ELF - NYSE - Cosmetics/Personal Care E L F Beauty Inc	$110.15	+2.96 2.76%	$112.61	$108.45	1.56%	897,649 88.44%	1,015,000
Most Recent Note for ELF - 6/21/2023 12:41:08 PM Hitting another new 52-week high today, extended from any sound base and perched +70% above its 200 DMA line ($66). Its 50 DMA line ($95.58) defines important near-term support to watch. Reported Mar '23 quarterly earnings +223% on +78% sales revenues versus the year-ago period, adding to its streak of strong quarterly results well above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain after a downturn in its FY '19 and '20 annual earnings (A criteria) history, not a great match the fact-based investment system's fundamental guidelines.
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ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$10.46	-0.28 -2.61%	$10.89	$10.50	-0.38%	32,220 68.55%	47,000
Most Recent Note for ELTK - 6/21/2023 12:46:04 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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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$101.48	-1.55 -1.50%	$102.97	$106.32	-4.56%	86,169 59.43%	145,000
Most Recent Note for GIB - 6/21/2023 12:48:43 PM Undercutting its 50 DMA line ($102) with today's 3rd consecutive loss after a "negative reversal" on 6/16/23 at an all-time high. Found prompt support near its 50 DMA line during prior consolidations. Reported earnings +19% for the Mar '23 quarter versus the year-ago period. Fundamental concerns remain. Subpar sales revenues and earnings growth leave concerns with respect to the winning models of the fact-based investment system.
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IDXX - NASDAQ - DRUGS - Diagnostic Substances Idexx Laboratories Inc	$487.81	+5.59 1.16%	$490.76	$515.79	-5.42%	252,060 63.97%	394,000
Most Recent Note for IDXX - 6/21/2023 12:51:30 PM Rebounding above its 50 DMA line ($477) with recent gains, but it met stubborn resistance in recent months in the $500 area. 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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KBH - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction K B Home	$51.42	+0.37 0.72%	$52.20	$51.29	0.25%	988,208 64.00%	1,544,000
Most Recent Note for KBH - 6/21/2023 12:56:06 PM No resistance remains due to overhead supply with today's gain adding to a recent spurt of volume-driven gains challenging its all-time high. Prior mid-day reports noted - "Reported earnings -1% on -1% sales revenues for the Feb '23 quarter versus the year-ago period, breaking a streak of 8 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong."
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LEGH - NASDAQ - Finance-Property REIT Legacy Housing Corp	$21.95	+0.37 1.71%	$22.09	$23.33	-5.92%	23,295 62.96%	37,000
Most Recent Note for LEGH - 6/21/2023 1:00:42 PM Rebounding above its 50 DMA line after finding prompt support at its 200 DMA line in recent weeks. Went through a deep consolidation since hitting a new all-time high when noted with caution in the 12/13/21 mid-day report - "This REIT's fundamentals are not a match with the fact-based investment system's guidelines."
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LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$24.56	+1.00 4.24%	$24.87	$24.69	-0.53%	80,035 72.76%	110,000
Most Recent Note for LMB - 6/21/2023 1:01:07 PM Fundamental concerns remain. Very extended from any sound base.
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MSA - NYSE - Security/Sfty M S A Safety Inc	$164.48	+1.52 0.93%	$166.49	$163.03	0.89%	104,414 83.53%	125,000
Most Recent Note for MSA - 6/21/2023 1:02:40 PM Hitting yet another new 52-week high with today's 11th consecutive volume-driven 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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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$159.99	-1.68 -1.04%	$162.24	$172.97	-7.50%	1,299,374 93.35%	1,392,000
Most Recent Note for NVO - 6/21/2023 1:05:01 PM This Denmark-based Medical - Ethical Drugs firm slumped below its 50 DMA line ($164.53) in recent weeks since last noted with caution near its all-time high in the 5/08/23 mid-day report - "Reported Mar '23 quarterly earnings +38% on +24% sales revenues versus the year-ago period. Fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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ODC - NYSE - CHEMICALS - Specialty Chemicals Oil Dri Corp America	$57.00	-0.42 -0.73%	$58.29	$54.97	3.69%	36,545 140.56%	26,000
Most Recent Note for ODC - 6/21/2023 1:05:55 PM Extended from any sound base and perched at its all-time high today following 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	$121.56	-0.48 -0.39%	$122.05	$127.54	-4.69%	7,225,290 72.38%	9,983,000
Most Recent Note for ORCL - 6/21/2023 1:06:28 PM Following a noted streak of volume-driven gains it is hovering 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	$42.90	+0.13 0.29%	$43.48	$41.73	2.79%	98,536 66.13%	149,000
Most Recent Note for PAM - 6/21/2023 1:07:01 PM Hitting another new 52-week high with above-average volume behind today's 4th consecutive gain. This Argentine utility firm's quarterly and annual earnings (C and A criteria) history has been erratic.
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PCYG - NASDAQ - Comp Sftwr-Spec Enterprs Park City Group Inc	$9.33	+0.28 3.04%	$9.45	$9.18	1.58%	21,510 76.82%	28,000
Most Recent Note for PCYG - 6/21/2023 1:08:48 PM Perched near its 52-week high and challenging its Feb '22 high with recent volume-driven gains. This thinly-traded Computer Software firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 3 quarterly comparisons through Mar '23 versus the year-ago periods. Quarterly sales revenues totals have been in the $4-5 million range, rather minuscule, and its sales revenues growth rate has not been strong. Annual earnings included a downturn in FY '20.
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PNR - NYSE - MANUFACTURING - Diversified Machinery Pentair Ltd	$60.73	-0.02 -0.02%	$61.16	$61.76	-1.68%	779,908 63.15%	1,235,000
Most Recent Note for PNR - 6/21/2023 1:09:56 PM Reported earnings +7% on +3% sales revenues for the Mar '23 quarter versus the year-ago period and fundamental concerns remain. Prior earnings and sales revenues history has been below guidelines of the fact-based investment system.
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RACE - NYSE - Auto Manufacturers Ferrari NV	$307.56	+1.40 0.46%	$308.14	$309.29	-0.56%	226,962 63.40%	358,000
Most Recent Note for RACE - 6/21/2023 1:12:39 PM Small gains have it recently inching into new all-time high territory. Prior mid-day reports noted - "Reported earnings +23% on +18% sales revenues for the Mar '23 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) leaving concerns, fundamentally. Since completing its $52 IPO in Oct '15 its annual earnings (A criteria) history was strong until a downturn in FY '20."
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RRX - NYSE - Electrical-Power/Equipmt Regal Rexnord Corp	$152.83	+0.22 0.14%	$153.26	$162.89	-6.18%	258,013 63.24%	408,000
Most Recent Note for RRX - 6/21/2023 1:14:12 PM Reported Mar '23 quarterly earnings -17% on -6% sales revenues versus the year ago period, and prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria).
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SEM - NYSE - HEALTH SERVICES - Specialized Health Services Select Medical Holdings	$29.83	+0.02 0.07%	$30.08	$32.31	-7.68%	377,905 66.18%	571,000
Most Recent Note for SEM - 6/21/2023 1:15:52 PM Went through a deep consolidation since noted with caution in the 6/15/21 mid-day report while hitting a new all-time high. Reported Mar '23 quarterly earnings +51% on +4% sales revenues versus the year-ago period. The prior 5 quarters showed earnings lower than the year-ago periods. Sales revenues growth has been lackluster, not a match with the fact-based system's fundamental guidelines.
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VGR - NYSE - TOBACCO - Cigarettes Vector Group Ltd	$12.93	+0.30 2.34%	$13.04	$14.39	-10.18%	409,885 59.49%	689,000
Most Recent Note for VGR - 6/21/2023 1:17:54 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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VIST - NYSE - Oil&Gas-Intl Expl&Prod Vista Energy SAB de CV	$25.16	+1.06 4.40%	$25.27	$24.11	4.36%	640,327 109.83%	583,000
Most Recent Note for VIST - 6/21/2023 1:20:17 PM Hitting a new all-time high with today's 5th consecutive volume-driven gain. Prior mid-day reports noted - "Mexico-based Oil & Gas firm found prompt support near its 50 DMA line ($21) while building an orderly base. Recent quarterly comparisons through Mar '23 showed great sales revenues and earnings increases over the year-ago periods. After big losses in prior years, it had profitable results in FY '21 and '22."
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