Mid-Day Breakouts Report - Wednesday, January 18th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JANUARY 18TH, 2023
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DOW 33786.96 -123.89 (-0.37%) | NASDAQ 11141.2 46.09 (0.42%) | S&P 500 3994.96 3.99 (0.10%)

Time of Screening : 1/18/2023 12:38:04 PM Report Released : 1/18/2023 1:06:00 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...

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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
ACLS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Axcelis Technologies Inc	$101.65	-0.35 -0.34%	$103.66	$102.13	-0.47%	376,452 93.18%	404,000
Most Recent Note for ACLS - 1/18/2023 12:39:03 PM Powered to new 52-week highs with 9 consecutive volume-driven gains. Reported Sep '22 quarterly earnings +49% on +30% sales revenues versus the year ago period, its 10th strong quarterly comparison. Up and down annual earnings (A criteria) history is not a great match with the fundamental guidelines of the fact-based investment system.
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AE - AMEX - Oil&Gas-Refining/Mktg Adams Res & Energy Inc	$49.87	+1.17 2.39%	$50.49	$51.50	-3.17%	16,556 71.98%	23,000
Most Recent Note for AE - 1/18/2023 12:39:33 PM This thinly-traded AMEX listed stock powered higher with volume-driven gains last week. Fundamentals remain a concern due to an erratic quarterly and annual earnings history (C and A criteria).
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ARHS - NASDAQ - RETAIL - Home Furnishing Stores Arhaus Inc	$12.95	-0.18 -1.37%	$13.41	$13.33	-2.85%	700,190 109.06%	642,000
Most Recent Note for ARHS - 1/18/2023 12:40:26 PM A streak of volume-driven gains has it perched at its 52-week high. Three of the past 4 quarterly comparisons through Sep '22 were above the +25% minimum earnings guideline (C criteria). Limited history remains a concerns since its $13 IPO on 11/04/21.
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$71.53	+0.79 1.11%	$71.94	$72.12	-0.82%	4,334,873 93.14%	4,654,000
Most Recent Note for AZN - 1/18/2023 12:41:37 PM Paused after touching a new 52-week high last week following a deep consolidation. Noted in prior mid-day reports - "Reported Sep '22 quarterly earnings +68% on +11% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a great match with the fundamental guidelines of the fact-based investment system."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$96.43	-0.77 -0.79%	$98.32	$100.79	-4.33%	34,363 70.13%	49,000
Most Recent Note for BBSI - 1/18/2023 12:42:06 PM Consolidating near its 50 DMA line ($95.26). Noted in prior mid-day reports - "Reported Sep '22 quarterly earnings +25% on +11% sales revenues versus the year ago period but fundamental concerns remain. Prior quarterly and annual earnings (C and A criteria) history has not been strong and steady."
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BHP - NYSE - METALS & MINING - Industrial Metals & Minerals B H P Billiton Ltd Adr	$68.94	+1.18 1.73%	$70.00	$69.38	-0.64%	2,138,261 70.45%	3,035,000
Most Recent Note for BHP - 1/18/2023 12:43:15 PM Huge Australian Mining - Metal Ores firm is quietly hitting new multi-year highs after a deep consolidation since noted in the 3/09/21 mid-day report with caution - "Erratic earnings history remains a concern."
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CCEP - NASDAQ - Beverages-Non-Alcoholic Coca Cola Eurpacific Ptnr	$56.56	-0.56 -0.98%	$57.03	$59.86	-5.51%	993,586 87.46%	1,136,000
Most Recent Note for CCEP - 1/18/2023 12:43:32 PM Quarterly comparisons through Jun '22 have been strong versus the year ago periods. Annual earnings history (A criteria) has been up and down. Little overhead supply remains to act as resistance.
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$23.81	-0.10 -0.42%	$24.20	$25.12	-5.21%	3,431,071 81.06%	4,233,000
Most Recent Note for FLEX - 1/18/2023 12:44:29 PM There was a "negative reversal" on the prior session after hitting yet another new multi-year high with volume-driven gains. Report Sep '22 quarterly earnings +31% on +25% sales revenues versus the year ago period but fundamental concerns remain. 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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GVA - NYSE - MATERIALS & CONSTRUCTION - Heavy Construction Granite Construction Inc	$39.12	+0.12 0.31%	$39.85	$39.37	-0.64%	346,623 144.43%	240,000
Most Recent Note for GVA - 1/18/2023 12:45:53 PM Fundamental concerns remain since last noted in the 10/20/06 mid-day report.
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$79.12	+1.93 2.50%	$83.40	$81.46	-2.87%	2,127,158 221.81%	959,000
Most Recent Note for IBKR - 1/18/2023 12:49:10 PM Hit a new all-time high with today's early gain but it has encountered distributional pressure and slumped back below previously stubborn resistance in the $81-82 area. Rebounded above its 50 DMA line recently yet it was noted with caution in prior mid-day reports - "Reported Sep '22 quarterly earnings rose +38% on +114% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and fundamentals are not a great match with the fact-based investment system's guidelines. Annual earnings for FY '19 matched the year prior while otherwise its annual earnings (A criteria) growth has been steady.
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KOF - NYSE - FOOD & BEVERAGE - Beverages - Soft Drinks Coca Cola Femsa Sab Ads	$72.49	+0.31 0.43%	$72.99	$72.59	-0.14%	164,742 80.36%	205,000
Most Recent Note for KOF - 1/18/2023 12:51:40 PM Hitting a new 52-week high with today's 3rd consecutive gain marked by ever-increasing volume. Reported stronger Sep and Jun '22 quarterly results versus the year ago periods but fundamental concerns remain.
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LIN - NYSE - Chemicals-Specialty Linde Plc	$327.79	-2.21 -0.67%	$333.95	$347.60	-5.70%	1,395,729 81.67%	1,709,000
Most Recent Note for LIN - 1/18/2023 12:53:05 PM This UK-based Chemicals - Specialty firm tested its 200 DMA line ($305) and is consolidating near its 50 DMA line ($329) today. Encountered distributional pressure since noted with caution in the 11/28/22 mid-day report perched near its all-time high - "Through Sep '22 its 4 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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NATI - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services National Instrument Corp	$52.60	+0.56 1.07%	$52.82	$54.69	-3.83%	2,977,897 264.23%	1,127,000
Most Recent Note for NATI - 1/18/2023 12:55:55 PM Following M&A news and big volume-driven gains it is perched at its all-time high. Quarterly comparisons versus the year earlier have not shown strong and steady earnings increases above the +25% minimum guideline. Annual earnings (A criteria) growth has not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system.
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NVEC - NASDAQ - ELECTRONICS - Semiconductor - Specialized N V E Corp	$73.31	-0.46 -0.62%	$74.73	$75.89	-3.40%	21,745 74.98%	29,000
Most Recent Note for NVEC - 1/18/2023 12:56:45 PM Paused following a noted streak of 9 consecutive gains. Faces little resistance due to overhead supply up to the $81 level. Reported Sep '22 quarterly earnings +68% on +57% sales revenues 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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PRGS - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Progress Software Corp	$51.04	-2.47 -4.61%	$52.78	$54.23	-5.89%	293,032 131.40%	223,000
Most Recent Note for PRGS - 1/18/2023 12:58:25 PM Gapped down today and undercut its 50 DMA line ($51.70). Reported earnings +22% on +12% sales revenues for the quarter ended Nov 30, 2022 versus the year ago period. Three of the past 4 quarterly comparisons were below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$32.74	-0.10 -0.29%	$34.64	$34.52	-5.17%	214,421 78.83%	272,000
Most Recent Note for TGLS - 1/18/2023 12:59:34 PM Pulling back today following 4 consecutive gains. Faces no resistance due to overhead supply while challenging its Nov '22 all-time high. Reported very strong quarterly results through Sep '22 versus the year ago periods with solid sales revenues growth. Annual earnings history (A criteria) included a downturn in FY '19 not a great match with the fact-based investment system's fundamental guidelines."
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$15.69	+0.35 2.28%	$15.78	$15.46	1.49%	59,090 75.76%	78,000
Most Recent Note for TIPT - 1/18/2023 1:00:07 PM Making steady progress since October, but it still faces some resistance due to overhead supply up to the $17 level. Prior mid-day reports have repeatedly noted - "Fundamental concerns remain."
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$118.01	-0.47 -0.40%	$120.30	$126.78	-6.92%	51,153 73.08%	70,000
Most Recent Note for UFPT - 1/18/2023 1:00:33 PM Hovering near its all-time high and above its 50 DMA line ($116.31). Reported earnings +412% for the Sep '22 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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VOC - NYSE - Oil&Gas-Royalty Trust V O C Energy Trust	$13.24	+0.55 4.33%	$13.70	$13.43	-1.41%	243,676 111.27%	219,000
Most Recent Note for VOC - 1/18/2023 1:01:19 PM Hit yet another new 52-week high today while adding to a spurt of volume-driven gains. Recently rallied from a choppy 9-week base after consolidating above and below its 50 DMA line ($9.44). Prior mid-day reports noted - "Reported Sep '22 quarterly earnings +138% on +143% sales revenues versus the year ago period. Recent quarterly comparisons showed great percentage earnings increases over the year ago periods. Quarterly sales revenues totals have been in the $2-7 million range, rather minuscule relative to most publicly traded companies worthy of serious consideration under the fact-based investment system."
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WCC - NYSE - WHOLESALE - Electronics Wholesale Wesco International Inc	$136.24	-0.07 -0.05%	$139.09	$147.05	-7.35%	357,714 78.62%	455,000
Most Recent Note for WCC - 1/18/2023 1:05:53 PM Reported Sep '22 quarterly earnings +64% on +15% sales revenues versus the year ago period, continuing its strong earnings track record. Perched within striking distance of its all-time high. Met stubborn resistance in the $144 area and it has been sputtering since last noted with caution in the 9/16/22 mid-day report.
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