Mid-Day Breakouts Report - Friday, March 10th, 2023

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MIDDAY BREAKOUTS REPORT - FRIDAY, MARCH 10TH, 2023
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DOW 32254.86 -543.54 (-1.66%) | NASDAQ 11338.35 -237.65 (-2.05%) | S&P 500 3918.32 -73.69 (-1.85%)

Time of Screening : 3/10/2023 12:27:56 PM Report Released : 3/10/2023 2:13:43 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...

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
CLH - NYSE Clean Harbors Inc	$136.89	-0.70 -0.51%	$137.57	340,693 102.62% of 50 DAV 50 DAV is 332,000	$140.69 -2.70%	3/10/2023	$136.89	PP = $136.74 MB = $143.58
Most Recent Note - 3/10/2023 1:13:22 PM Y - Color code is changed to yellow as a valid secondary buy point exists up to 5% above the recent high following a pullback to support at the 10 WMA line after an earlier breakout. Fundamentals remain strong. There was a "negative reversal" on the prior session at its all-time high. Reported Dec '22 quarterly earnings +62% on +14% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Its 50 DMA line ($128) defines near-term support above prior highs in the $125 area. Showed resilience since dropped from the Featured Stocks list on 12/29/22. >>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2022. Click here.
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TITN - NASDAQ Titan Machinery Inc	$44.12	-2.37 -5.10%	$46.63	247,499 112.50% of 50 DAV 50 DAV is 220,000	$47.87 -7.83%	1/13/2023	$40.10	PP = $44.45 MB = $46.67
Most Recent Note - 3/10/2023 2:05:58 PM Y - Pulling back today for a 3rd consecutive volume-driven loss, testing support at its 50 DMA line ($43.35), and its color code is changed to yellow after retreating below its "max buy" level. More damaging losses may raise concerns and trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMP - NYSE - FINANCIAL SERVICES - Asset Management Ameriprise Financial Inc	$307.22	-8.37 -2.65%	$312.53	$357.46	-14.06%	366,526 74.50%	492,000
Most Recent Note for AMP - 3/10/2023 12:33:29 PM Violated its 50 DMA line with a damaging streak of 5 consecutive volume-driven losses. Reported +13% earnings on -4% sales revenues for the Dec '22 quarter versus the year ago period, its 4th consecutive quarterly comparison below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '20.
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BBVA - NYSE - BANKING - Foreign Regional Banks Banco Bilbao Viz Arg Adr	$7.42	-0.16 -2.05%	$7.49	$7.93	-6.49%	1,472,796 116.89%	1,260,000
Most Recent Note for BBVA - 3/10/2023 12:39:55 PM Fundamental concerns remain for this Spanish banking firm.
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BECN - NASDAQ - MATERIALS &; CONSTRUCTION - General Building Materials Beacon Roofing Supply	$63.49	-1.17 -1.80%	$64.90	$68.31	-7.06%	652,075 149.90%	435,000
Most Recent Note for BECN - 3/10/2023 12:56:44 PM There was a "negative reversal" on 3/06/23 after hitting a new all-time high and it is encountering distributional pressure with heavier volume behind today's big loss. Reported earnings -6% on +12% sales revenues for the Dec '22 quarter versus the year ago period, breaking a streak of and prior quarterly comparisons well above the +25% minimum guideline (C criteria). Downturn in FY '18 and '19 annual earnings is a flaw concerning the A criteria of the fact-based investment system's guidelines. Completed a Secondary Offering on 5/18/16.
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$82.17	-1.64 -1.96%	$84.03	$90.21	-8.91%	1,248,782 76.52%	1,632,000
Most Recent Note for BLDR - 3/10/2023 1:00:41 PM There was a "negative reversal" after reaching a new all-time high on Monday, and today marks its 5th consecutive loss with above average volume. It the week prior it had rallied above the old 1/03/22 high of $86.48. Fundamental concerns were raised after the Dec '22 quarter showed earnings +15% on -6% sales revenues versus the year ago period. Sequential quarterly comparisons showed deceleration in its sales revenues and earnings growth rate. Went through a deep pullback since dropped from the Featured Stocks list on 1/21/22.
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CHDN - NASDAQ - LEISURE - Gaming Activities Churchill Downs Inc	$239.84	-1.30 -0.54%	$242.32	$253.29	-5.31%	122,312 77.91%	157,000
Most Recent Note for CHDN - 3/10/2023 1:05:49 PM Perched only -5.4% off its 52-week high while pulling back testing its 50 DMA line ($238) with today's volume-driven loss. Reported Dec '22 earnings +15% on +32% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a big downturn in FY '20. Dropped from the Featured Stocks list on 2/28/20.
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CVCY - NASDAQ - BANKING - Regional - Pacific Banks Central Valley Comm Banc	$23.80	-0.54 -2.22%	$24.22	$25.99	-8.43%	82,766 243.43%	34,000
Most Recent Note for CVCY - 3/10/2023 1:14:47 PM Slumping from multi-year highs and undercutting its 50 DMA line with today's 11th consecutive volume-driven loss. Reported Dec '22 quarterly earnings +14% on +11% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) and sub par sales revenues growth is not a match with the fact-based investment system's guidelines.
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DHI - NYSE - Bldg-Resident/Comml D R Horton Inc	$95.64	+0.70 0.74%	$97.36	$104.14	-8.16%	2,308,971 85.64%	2,696,000
Most Recent Note for DHI - 3/10/2023 1:16:12 PM Consolidating near its 50 DMA line ($94.60). Reported Dec '22 quarterly earnings -13% on +3% sales revenues versus the year ago period. Went through a deep consolidation since dropped from the Featured Stocks list on 1/18/22.
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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$7.76	-0.04 -0.51%	$7.76	$8.42	-7.84%	34,467 114.89%	30,000
Most Recent Note for ELA - 3/10/2023 1:17:20 PM Rebounding toward its 52-week high after a deep consolidation since noted with caution in the 8/22/22 mid-day report. Reported Sep '22 quarterly earnings +0% on +20% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Prior 3 quarterly comparisons showed stronger sales revenues and earnings increases. Annual earnings growth (A criteria) has been strong after a downturn in FY '18.
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EPAC - NYSE - Machinery-Tools & Rel Enerpac Tool Group Corp	$27.22	-0.39 -1.39%	$27.54	$28.57	-4.74%	260,105 94.58%	275,000
Most Recent Note for EPAC - 3/10/2023 1:33:27 PM Encountering distributional pressure this week after challenging its 2021 high. Quarterly earnings growth has been strong but with sub par sales revenues growth. Annual earnings (A criteria) history has been erratic.
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IBKR - NASDAQ - Finance-Invest Bnk/Bkrs Interactive Brokers Grp	$82.15	-3.38 -3.95%	$84.65	$90.19	-8.91%	1,144,596 103.12%	1,110,000
Most Recent Note for IBKR - 3/10/2023 1:37:34 PM Abruptly retreating with today's 2nd consecutive big volume-driven loss after reversing from a new all-time high on 3/06/23. It is testing near previously stubborn resistance in the $81-82 area and its 50 DMA line ($81.58) which define important support. Reported Dec '22 quarterly earnings rose +57% on +131% sales revenues versus the year ago period, its 2nd strong quarter. 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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IPAR - NASDAQ - CONSUMER NON-DURABLES - Personal Products Inter Parfums Inc	$132.99	-0.81 -0.61%	$134.22	$140.86	-5.59%	87,202 71.48%	122,000
Most Recent Note for IPAR - 3/10/2023 1:40:58 PM Pulling back from its all-time high with today's 5th consecutive volume-driven loss. Reported greatly improved results for the Dec '22 quarter versus the year ago period. Went through a long consolidation below its 200 DMA line since noted with caution in the 1/28/22 mid-day report. Reported earnings +8% on +7% sales revenues for the Sep '22 quarter versus the year ago period. Prior quarterly earnings increases have not been strong and steady above the +25% minimum earnings guideline. Annual earnings history (A criteria) included a big downturn in FY '20.
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LPLA - NASDAQ - Finance-Invest Bnk/Bkrs L P L Financial Holdings	$232.49	-10.00 -4.12%	$241.24	$271.56	-14.39%	629,725 96.14%	655,000
Most Recent Note for LPLA - 3/10/2023 1:44:24 PM Pulling back abruptly with today's 2nd volume-driven loss undercutting its 50 DMA line ($236). Reported earnings +158% on +11% sales revenues for the quarter ended Dec 31, 2022 versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). There was a downturn in FY '20 annual earnings (A criteria) history.
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$14.19	-1.69 -10.67%	$16.00	$15.99	-11.28%	368,625 156.20%	236,000
Most Recent Note for LYTS - 3/10/2023 1:47:40 PM Abruptly pulling back today with a big volume-driven loss testing its 50 DMA line($13.83) after getting very extended from any sound base. Rallied steadily from a low of $6.55 on 10/25/22. Recent quarterly comparisons through Dec '22 versus the year ago period showed very strong earnings increases versus the year ago periods above the +25% minimum guideline (C criteria) but sequential comparisons show a deceleration in its sales revenues growth rate. Sales rose +53%, +31%, +19%, and +16% in the Mar, Jun, Sep, and Dec '22 quarters. Annual earnings history has been strong after a downturn in FY '19.
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NECB - NASDAQ - Finance-Savings & Loan Northeast Cmnty Bancorp	$15.32	-0.08 -0.52%	$15.45	$15.99	-4.19%	57,583 83.45%	69,000
Most Recent Note for NECB - 3/10/2023 1:51:26 PM Pulling back from its 52-week high with today's 2nd consecutive volume-driven loss violating its 50 DMA line ($15.45). Reported Dec '22 quarterly earnings +100% on +88% sales revenues versus the year ago period, its 3rd strong quarterly comparison. Prior 3 quarterly earnings increases through Mar '22 were below the +25% minimum guideline (C criteria) versus the year ago periods.
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NRIM - NASDAQ - BANKING - Regional - Pacific Banks Northrim Bancorp Inc	$49.76	-0.03 -0.06%	$50.18	$56.77	-12.35%	14,346 84.39%	17,000
Most Recent Note for NRIM - 3/10/2023 1:52:41 PM This small and thinly traded Alaskan Bank is slumping well below its 50 DMA line with volume-driven losses. Quarterly and annual earnings growth has been strong.
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RDN - NYSE - INSURANCE - Surety & Title Insurance Radian Group Inc	$21.67	-0.24 -1.07%	$22.02	$23.91	-9.39%	1,107,547 79.68%	1,390,000
Most Recent Note for RDN - 3/10/2023 1:56:34 PM Slumping abruptly this week following the noted gap up on 3/06/23 approaching previously stubborn resistance in the $23-24 area. The 3/08/23 mid-day report cautioned members - "Through Dec '22 its quarterly earnings and sales revenues history is not a match with the fact-based investment system's fundamental guidelines."
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SCM - NYSE - Finance-Investment Mgmt Stellus Cap Investment	$14.17	-0.37 -2.54%	$14.50	$16.08	-11.88%	102,986 94.48%	109,000
Most Recent Note for SCM - 3/10/2023 1:58:21 PM Retreating abruptly from its 52-week high with more volume-driven losses this week after last noted with caution in the 3/03/23 mid-day report - "Reported strong Sep and Dec '22 quarterly results versus the year ago periods. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines."
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STBA - NASDAQ - BANKING - Regional - Northeast Banks S & T Bancorp Inc	$34.15	-0.10 -0.29%	$34.76	$38.43	-11.14%	132,184 88.12%	150,000
Most Recent Note for STBA - 3/10/2023 2:02:49 PM Abruptly slumping below its 50 DMA line ($35.53) and testing its 200 DMA line ($32.67) this week with volume-driven losses. The Sep and Dec '22 quarterly earnings versus the year ago periods were above the +25% minimum earnings guideline (C criteria). Prior 3 quarterly comparisons were sub par. Annual earnings (A criteria) history included a downturn in FY '20.
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$20.59	-0.35 -1.65%	$20.95	$22.30	-7.69%	3,825,744 185.27%	2,065,000
Most Recent Note for UBS - 3/10/2023 2:07:14 PM Pulling back today for 4th consecutive volume-driven loss and violating its 50 DMA line ($21.09). Prior mid-day reports repeatedly noted - "Reported Dec '22 quarterly earnings +32% on +15% sales revenues versus the year ago period. Prior quarterly comparisons and annual earnings (A criteria) growth have not been strong and steady, so it is fundamentally below guidelines of the fact-based investment system."
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$527.20	+7.27 1.40%	$533.24	$537.52	-1.92%	621,728 119.79%	519,000
Most Recent Note for ULTA - 3/10/2023 2:10:29 PM Hovering near its all-time high this week churning above average volume after trading in a tight range for about 5 weeks. Reported Jan '23 quarterly earnings +24% on +18% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Prior quarterly comparisons versus the year ago periods have been mostly strong and well above the +25% minimum earnings guideline (C criteria). Big downturn for FY '21 earnings (A criteria) was noted as a flaw concerning the strict fundamental guidelines of the fact-based investment system.
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URI - NYSE - DIVERSIFIED SERVICES - Rental & Leasing Services United Rentals Inc	$438.88	-14.81 -3.26%	$454.37	$481.99	-8.94%	810,735 116.32%	697,000
Most Recent Note for URI - 3/10/2023 2:13:37 PM Abruptly retreating with today's 2nd consecutive volume-driven loss testing its 50 DMA line ($425). Through Dec '22 its quarterly earnings increases versus the year ago periods have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '20 like many companies during the pandemic.
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