Mid-Day Breakouts Report - Wednesday, February 22nd, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, FEBRUARY 22ND, 2023
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DOW 33129.59 -697.1 (-2.06%) | NASDAQ 11492.3 -294.97 (-2.50%) | S&P 500 3997.34 -81.75 (-2.00%)

Time of Screening : 2/22/2023 12:03:52 PM Report Released : 2/22/2023 1:03:26 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
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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
ARHS - NASDAQ - RETAIL - Home Furnishing Stores Arhaus Inc	$13.71	+0.31 2.31%	$13.92	$15.27	-10.22%	734,680 84.74%	867,000
Most Recent Note for ARHS - 2/22/2023 12:15:42 PM There was a "negative reversal" last week after hitting a new 52-week high. Prior mid-day reports noted - "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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CASS - NASDAQ - BANKING - Regional - Southwest Banks Cass Information System	$49.57	-0.04 -0.08%	$50.31	$51.48	-3.71%	33,724 62.45%	54,000
Most Recent Note for CASS - 2/22/2023 12:17:15 PM St Louis, MO-based payment processing firm is stubbornly holding its ground after rallying above its 2021 high with volume-driven gains following a long and deep consolidation. Two of the past 4 quarterly earnings comparisons through Dec '22 were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been sub par.
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CRAI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services C R A International Inc	$124.67	+0.49 0.39%	$125.71	$126.79	-1.68%	37,679 62.80%	60,000
Most Recent Note for CRAI - 2/22/2023 12:19:44 PM Holding its ground above its 50 DMA line ($120) but meeting stubborn resistance in the $125-126 area in recent weeks. Prior mid-day reports repeatedly noted - "Reported earnings +14% on +9% sales revenues for the Sep '22 quarter versus the year ago period. Prior 3 quarterly comparisons were also below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady."
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CRH - NYSE - Bldg-Cement/Concrt/Ag C R H Plc Adr	$46.51	-0.34 -0.73%	$46.77	$50.09	-7.15%	1,270,575 236.17%	538,000
Most Recent Note for CRH - 2/22/2023 12:21:21 PM Fundamental concerns remain. Consolidating in recent weeks. It has been rebounding toward its all-time high after a deep consolidation since noted with caution in the 2/02/22 mid-day report. Irish Building - Cement firm has an erratic earnings (C and A criteria) history.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$33.26	-0.40 -1.18%	$33.60	$38.24	-13.02%	510,251 107.42%	475,000
Most Recent Note for FLNG - 2/22/2023 12:23:48 PM Encountering distributional pressure while consolidating above its 50 and 200 DMA lines and perched -11.9% off its 52-week high. Reported Dec '22 quarterly earnings -22% on -15% sales revenues versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). The big downturn in FY '20 annual earnings (A criteria) was previously noted as a fundamental flaw with respect to the strict guidelines of the fact-based investment system.
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HGBL - NASDAQ - Finance-Investment Mgmt Heritage Global Inc	$2.58	+0.03 1.12%	$2.68	$2.88	-10.47%	59,396 66.00%	90,000
Most Recent Note for HGBL - 2/22/2023 12:25:26 PM Thinly-traded Finance - Investment Management firm pulled back from its 52-week high and has been consolidating near its 50 DMA line ($2.56). Reported Sep '22 quarterly earnings +500% on +111% sales revenues versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly and annual earnings (C and A criteria) history has not been a match with the fact-based investment system's guidelines, and low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied.
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HVT - NYSE - RETAIL - Home Furnishing Stores Haverty Furniture Inc	$37.30	+2.26 6.45%	$38.85	$36.88	1.14%	78,581 64.94%	121,000
Most Recent Note for HVT - 2/22/2023 12:29:04 PM Went through a deep consolidation since last noted in the 4/28/21 mid-day report. Reported Dec '22 quarterly earnings +5% on +5% sales revenues versus the year ago period. Prior quarterly and earnings (C criteria) history leaves fundamentals below guidelines of the fact-based investment system.
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IBEX - NASDAQ - Computer- Tech Services Ibex Ltd	$26.98	-1.18 -4.19%	$28.16	$31.40	-14.08%	56,645 72.62%	78,000
Most Recent Note for IBEX - 2/22/2023 12:30:32 PM Pulling back from its all-time high with today's 2nd consecutive volume-driven loss following last week's gains. Held its ground near its 50 DMA line ($26.32) while consolidating in recent weeks. No resistance remains due to overhead supply. Bermuda-based technology firm reported Dec '22 quarterly earnings +130% on +5% sales revenues versus the year ago period, its 4th quarterly comparison with earnings up more than +25% (C criteria) versus the year ago periods. Annual earnings history has been strong since its $19 IPO on 8/07/20.
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IBP - NYSE - DIVERSIFIED SERVICES - Business/Management Services Installed Building Products, Inc	$112.02	+7.83 7.52%	$115.44	$118.26	-5.28%	207,302 100.63%	206,000
Most Recent Note for IBP - 2/22/2023 12:36:13 PM Reported Dec '22 quarterly earnings +71% on +29% sales revenues versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong. Faces resistance due to overhead supply up to the $141 level. Went through a deep consolidation since last noted in the 5/25/21 mid-day report.
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IOSP - NASDAQ - CHEMICALS - Specialty Chemicals Innospec Inc	$107.53	-5.12 -4.54%	$112.48	$116.00	-7.31%	100,209 107.75%	93,000
Most Recent Note for IOSP - 2/22/2023 12:39:06 PM Undercutting its 50 DMA line ($108.61) with today's big volume-driven loss. Reported earnings -8% on +24% sales revenues for the Dec '22 quarter versus the year ago period. Fundamental concerns remain. 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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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$164.16	+0.82 0.50%	$165.55	$176.52	-7.00%	249,128 67.51%	369,000
Most Recent Note for LECO - 2/22/2023 12:41:23 PM Gapped down on the prior session abruptly retreating from its all-time high following volume-driven gains. Weak action came after it reported Dec '22 quarterly earnings +20% on +10% sales revenues versus the year ago period, breaking a steak of quarterly comparisons above the +25% minimum earnings guideline (C criteria). Downward turn in FY '19 and '20 earnings was noted as a flaw concerning the annual earnings history (A criteria).
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$15.96	-0.33 -2.01%	$16.39	$17.05	-6.38%	36,064 78.40%	46,000
Most Recent Note for NOA - 2/22/2023 12:42:07 PM Recent volume-driven gains have it approaching its 2021 high ($17.79). Making steady progress in recent weeks since finding support near its 50 DMA line. Reported stronger Sep and Dec '22 quarterly results but fundamental concerns remain.
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OTTR - NASDAQ - UTILITIES - Electric Utilities Otter Tail Corp	$70.56	+0.90 1.28%	$72.94	$82.46	-14.44%	436,386 221.52%	197,000
Most Recent Note for OTTR - 2/22/2023 12:43:47 PM Rebounding toward its 52-week high with volume-driven gains. Faces some resistance due to overhead supply up to the $82 level. Reported Dec '22 quarterly earnings -19% on -10% sales revenues versus the year ago period, breaking a streak of quarterly comparisons well above the +25% minimum earnings guideline (C criteria). Annual earnings history has been steady.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.29	+0.20 3.28%	$6.29	$7.05	-10.78%	120,727 71.02%	170,000
Most Recent Note for PANL - 2/22/2023 12:44:34 PM Recent volume-driven gains have it approaching its 52-week high. Reported Sep '22 quarterly earnings +8% on -13% sales revenues versus the year ago period, breaking a streak of very strong comparisons. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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ROCK - NASDAQ - METALS & MINING - Steel & Iron Gibraltar Industries Inc	$52.10	-0.69 -1.31%	$53.36	$57.54	-9.45%	158,143 113.77%	139,000
Most Recent Note for ROCK - 2/22/2023 12:47:45 PM Reported Dec '22 quarterly earnings +29% on -6% sales revenues versus the year ago period. Sub par sales revenues growth leaves fundamental concerns while the prior 6 quarterly comparisons also showed earnings increases below the +25% minimum guideline (C criteria). Annual earnings growth has been strong and steady in recent years (A criteria).
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RYAN - NYSE - INSURANCE - Insurance Brokers Ryan Specialty Hlds Cl A	$42.68	+0.03 0.06%	$42.75	$46.40	-8.03%	409,648 75.03%	546,000
Most Recent Note for RYAN - 2/22/2023 12:49:52 PM Through Sep '22 quarterly earnings increases have been below the +25% minimum earnings guideline.
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TDCX - NYSE - Comml Svcs-Outsourcing T D C X Inc Cl A Ads	$13.40	-0.10 -0.74%	$13.63	$15.57	-13.94%	169,380 238.56%	71,000
Most Recent Note for TDCX - 2/22/2023 12:51:29 PM Reported Sep '22 quarterly earnings +13% on +10% sales revenues versus the year ago period. Limited history remains a concerns since its $18 IPO on 10/01/21.
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TIPT - NASDAQ - Financial Svcs-Specialty Tiptree Financial Cl A	$16.74	+0.31 1.89%	$16.78	$16.75	-0.06%	36,510 57.95%	63,000
Most Recent Note for TIPT - 2/22/2023 12:52:08 PM Faces very little resistance due to overhead supply up to the $17 level. Prior mid-day reports have repeatedly noted - "Fundamental concerns remain."
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TOL - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Toll Brothers Inc	$57.83	+2.06 3.69%	$58.48	$63.19	-8.48%	1,718,076 120.99%	1,420,000
Most Recent Note for TOL - 2/22/2023 12:57:44 PM Consolidating above its 50 DMA line ($54.94) with recent losses marked by above average volume. Faces resistance due to overhead supply up to the $75.61. There was a "negative reversal" on 12/13/21 after hitting an all-time high. Reported Jan '23 quarterly earnings +37% on -1% sales revenues versus the year ago period. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '19 and '20, leaving fundamental concerns.
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TPH - NYSE - Bldg-Resident/Comml TRI Pointe Homes	$23.17	+0.06 0.24%	$23.80	$25.70	-9.86%	403,961 60.20%	671,000
Most Recent Note for TPH - 2/22/2023 12:59:42 PM Reported Dec '22 quarterly earnings +49% on +25% sales revenues. Reported earnings +24% on +3% sales revenues for the Sep '22 quarter versus the year ago period. Prior quarterly and annual earnings history has not been a great match with the fact-based investment system's guidelines.
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WING - NASDAQ - Retail-Restaurants Wingstop Inc	$180.38	+14.17 8.53%	$193.74	$180.97	-0.33%	1,364,413 245.84%	555,000
Most Recent Note for WING - 2/22/2023 1:02:18 PM Reported Dec '22 quarterly earnings +150% on +46% sales revenues versus the year ago period, its 2nd strong quarter. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong after a downturn in FY '19.
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WMK - NYSE - RETAIL - Grocery Stores Weis Markets Inc	$82.03	-2.16 -2.57%	$84.69	$95.57	-14.17%	49,519 72.82%	68,000
Most Recent Note for WMK - 2/22/2023 1:03:18 PM Consolidating above its 200 DMA line ($84.68). Fundamental concerns remain.
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