Mid-Day Breakouts Report - Monday, March 6th, 2023

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MIDDAY BREAKOUTS REPORT - MONDAY, MARCH 6TH, 2023
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DOW 33474.66 83.69 (0.25%) | NASDAQ 11808.73 119.72 (1.02%) | S&P 500 4072.16 26.52 (0.66%)

Time of Screening : 3/6/2023 11:48:52 AM Report Released : 3/6/2023 12:29:53 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
PERI - NASDAQ Perion Networks Ltd	$35.86	+1.08 3.11%	$36.32	457,651 66.71% of 50 DAV 50 DAV is 686,000	$35.16 1.99%	1/25/2023	$31.79	PP = $33.19 MB = $34.85
Most Recent Note - 3/6/2023 12:15:10 PM G - Posting a 4th consecutive gain today without very heavy volume, its color code is changed to green after rising above its "max buy" level and hitting a new 52-week high. Stubbornly held ground and showed resilience. Important suppport to watch is its 50 DMA line ($30.89) and recent low ($29.83 on 2/08/23). >>> The latest Featured Stock Update with an annotated graph appeared on 2/22/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AE - AMEX - Oil&Gas-Refining/Mktg Adams Res & Energy Inc	$55.72	-1.60 -2.79%	$57.89	$61.84	-9.90%	36,335 71.25%	51,000
Most Recent Note for AE - 3/6/2023 11:49:42 AM This thinly-traded AMEX listed stock is consolidating near its 52-week high following volume-driven gains. Fundamentals remain a concern due to an erratic quarterly and annual earnings history (C and A criteria).
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AMOT - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Allied Motion Tech	$42.29	-2.59 -5.77%	$44.19	$44.88	-5.77%	37,207 62.01%	60,000
Most Recent Note for AMOT - 3/6/2023 11:51:25 AM Pulling back from its 52-week high with today's loss after 5 consecutive gains. Due to report Dec '22 quarterly results. Reported earnings +46% on +30% sales revenues for the Sep '22 quarter, but fundamental concerns remain. Prior quarterly comparisons had earnings below the +25% minimum guideline (C criteria). 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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ANSS - NASDAQ - Computer Sftwr-Design Ansys Inc	$311.04	+0.67 0.22%	$312.16	$328.94	-5.44%	260,433 57.75%	451,000
Most Recent Note for ANSS - 3/6/2023 11:52:32 AM Posted volume-driven gains as recent mid-day reports cautioned members - "Reported earnings +10% on +6% sales revenues for the Dec '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25%* minimum guideline (C criteria)."*
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APG - NYSE - Security/Sfty APi Group Corporation	$24.13	+0.02 0.08%	$24.38	$24.49	-1.47%	495,349 64.75%	765,000
Most Recent Note for APG - 3/6/2023 11:52:55 AM Reported Dec '22 quarterly earnings +24% on +53% sales revenues versus the year ago period. Fundamental concerns remain. Faces some resistance due to overhead supply up to the $26 level.
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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$37.00	-0.08 -0.22%	$37.50	$39.80	-7.04%	54,932 83.23%	66,000
Most Recent Note for AVNW - 3/6/2023 11:55:00 AM Consolidating in recent weeks after spiking near multi-year highs. Reported Dec '22 quarterly earnings +32% on +16% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system and fundamental concerns remain.
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CECO - NASDAQ - Pollution Control Ceco Environmental	$14.93	-0.65 -4.16%	$16.73	$15.94	-6.32%	1,201,126 316.92%	379,000
Most Recent Note for CECO - 3/6/2023 11:56:44 AM Reversed into the red after hitting another new 52-week high today. Reported Dec '22 quarterly earnings +110% over the year ago period. Recent quarterly comparisons through Sep '22 showed strong sales revenues and earnings increases of more than +25% above the year ago periods (C criteria). Annual earnings (A criteria) history has been up and down.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$76.74	-0.02 -0.03%	$76.90	$79.08	-2.96%	59,931 60.54%	99,000
Most Recent Note for DSGX - 3/6/2023 11:58:58 AM Reported Jan '23 quarterly earnings +55% on +11% sales revenues versus the year ago period. Prior quarterly earnings growth has not been strong and steady above the +25% minimum (C criteria).
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FOCS - NASDAQ - Finance-Investment Mgmt Focus Financial Partners	$51.83	+0.01 0.01%	$51.85	$52.62	-1.51%	749,139 75.14%	997,000
Most Recent Note for FOCS - 3/6/2023 11:59:20 AM Held its ground since a gap up on 2/02/23 on M&A news. Reported Dec '22 quarterly earnings -10% on +5% sales revenues versus the year ago period. Noted in prior mid-day reports - "Faces resistance due to overhead supply up to the $69 level. The Jun and Sep '22 quarterly earnings increases were below the +25% minimum guideline (C criteria) versus the year ago periods."
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HVT - NYSE - RETAIL - Home Furnishing Stores Haverty Furniture Inc	$34.01	-1.95 -5.41%	$36.00	$38.85	-12.45%	79,907 72.64%	110,000
Most Recent Note for HVT - 3/6/2023 12:00:59 PM Pulling back near its 50 DMA line ($34.14) with today's 4th consecutive loss. The 2/22/23 mid-day report noted - "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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IGIC - NASDAQ - INSURANCE - Property & Casualty Insurance International Gen Ins Hld	$8.30	-0.12 -1.43%	$8.47	$8.78	-5.47%	35,921 65.31%	55,000
Most Recent Note for IGIC - 3/6/2023 12:01:17 PM Fundamental concerns remain for this Jordan-based specialty Insurance firm.
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LUNA - NASDAQ - Medical-Research Eqp/Svc Luna Innovations Inc	$10.57	+0.18 1.68%	$10.97	$10.59	-0.24%	200,728 90.83%	221,000
Most Recent Note for LUNA - 3/6/2023 12:03:29 PM Hitting a new 52-week high with today's gain adding to a recent spurt of volume-driven gains since finding support near its 50 DMA line ($9.35). Prior mid-day reports cautioned members - "Went through a deep consolidation since dropped from the Featured Stocks list on 8/19/21. Reported Sep '22 quarterly earnings +200% on +43% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system."
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MFG - NYSE - Banks-Money Center Mizuho Financial Gp Adr	$3.22	+0.01 0.31%	$3.23	$3.30	-2.42%	711,140 59.61%	1,193,000
Most Recent Note for MFG - 3/6/2023 12:05:31 PM Recently consolidating in an orderly fashion above its 50 DMA line. Reported strong Dec '22 quarterly results but fundamental concerns remain.
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MPX - NYSE - AUTOMOTIVE - Recreational Vehicles Marine Products Corp	$13.53	+0.01 0.07%	$13.89	$14.55	-7.01%	13,356 63.60%	21,000
Most Recent Note for MPX - 3/6/2023 12:07:12 PM Rebounded from its October '22 low after a deep consolidation, and found prompt support last week after briefly undercutting its 50 DMA line ($12.99). Reported stronger sales revenues and earnings growth in the Jun, Sep, and Dec '22 quarters versus the year ago periods. Fundamental concerns remain and downturn in FY '19 and '20. It was dropped from the Featured Stocks list on 12/10/18.
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NBN - NASDAQ - BANKING - Regional - Northeast Banks Northeast Bancorp	$43.91	-0.38 -0.86%	$44.65	$48.50	-9.46%	85,569 427.85%	20,000
Most Recent Note for NBN - 3/6/2023 12:08:42 PM Consolidating near its 50 DMA line ($44) after challenging its all-time high. Noted with caution in prior mid-day reports - "Reported Dec '22 quarterly earnings +8% on +45% sales revenues versus the year ago period annd prior quarterly comparisons were sub par."
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NOA - NYSE - Oil&Gas-Field Services North American Const Grp	$17.78	+0.23 1.31%	$17.94	$17.63	0.85%	59,197 102.06%	58,000
Most Recent Note for NOA - 3/6/2023 12:10:57 PM Today's gain is adding to recent volume-driven gains and helped it trade above 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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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.97	+0.18 2.65%	$7.02	$7.05	-1.13%	152,146 77.23%	197,000
Most Recent Note for PANL - 3/6/2023 12:11:44 PM Recent volume-driven gains have it perched within close striking distance of 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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PKE - NYSE - Electronic-Parts Park Aerospace Corp	$14.96	-1.81 -10.77%	$16.33	$16.92	-11.61%	341,204 387.73%	88,000
Most Recent Note for PKE - 3/6/2023 12:18:46 PM Abruptly retreating from its 52-week high with today's big loss after 5 consecutive gains. The 2/10/23 mid-day report last noted - "Fundamentals are not a match with the fact-based investment system's guidelines."
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RWAY - NASDAQ - Finance-Commercial Loans Runway Growth Finance	$13.32	-0.08 -0.60%	$13.53	$14.92	-10.72%	86,375 87.25%	99,000
Most Recent Note for RWAY - 3/6/2023 12:19:52 PM Reported stronger Sep and Dec '22 quarterly results. This VC firm has a limited history since its 10/21/21 IPO at $14.63 and sub par fundamentals remain a concern.
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STVN - NYSE - Medical-Services Stevanato Group S P A	$24.79	-0.61 -2.38%	$25.31	$25.72	-3.60%	230,034 81.86%	281,000
Most Recent Note for STVN - 3/6/2023 12:24:51 PM Pulling back today following 4 consecutive volume-driven gains for new 52-week highs. Reported Dec '22 quarterly earnings +33% on +18% sales revenues versus the year ago period. Prior 3 quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$113.79	-9.16 -7.45%	$122.85	$126.78	-10.25%	72,474 95.36%	76,000
Most Recent Note for UFPT - 3/6/2023 12:26:29 PM Pulling back today and undercutting its 50 DMA line ($114.58) with a damaging volume-driven loss. The 2/01/23 mid-day reprt last cautioned members - "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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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$14.50	-0.46 -3.04%	$14.87	$16.18	-10.41%	3,529,907 72.93%	4,840,000
Most Recent Note for VIPS - 3/6/2023 12:27:51 PM Consolidating near its 50 DMA line ($14.67). Reported earnings +26% on -14% sales revenues for the Dec '22 quarter versus the year ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria) and waning sales revenues remains a concern, fundamentally. Went through a deep pullback from its $46 all-time high in Mar '21 following a considerable rally from its Mar '12 IPO at a split-adjusted $0.70 per share. Completed a Secondary offering on 3/11/14.
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VVX - NYSE - Bldg-Maintenance & Svc V2X Inc	$47.66	+2.34 5.15%	$47.71	$51.00	-6.56%	37,343 61.22%	61,000
Most Recent Note for VVX - 3/6/2023 12:29:46 PM Showing resilience today after pulling back abruptly on the prior session testing support near its 50 DMA line ($43.62) when noted with caution in the mid-day report - "Faces resistance due to overhead supply up to the $60 level. Quarterly earnings through the Dec '22 period were below the +25% minimum earnings guideline (C criteria)."
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