Mid-Day Breakouts Report - Tuesday, March 28th, 2023

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MIDDAY BREAKOUTS REPORT - TUESDAY, MARCH 28TH, 2023
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DOW 32480.63 48.55 (0.15%) | NASDAQ 11680.45 -88.38 (-0.75%) | S&P 500 3968.98 -8.55 (-0.21%)

Time of Screening : 3/28/2023 12:36:20 PM Report Released : 3/28/2023 1:00:00 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
ANET - NYSE Arista Networks, Inc	$162.73	-5.23 -3.11%	$166.36	1,986,865 76.59% of 50 DAV 50 DAV is 2,594,000	$171.44 -5.08%	3/8/2023	$147.59	PP = $148.67 MB = $156.10
Most Recent Note - 3/28/2023 12:37:52 PM G - Gapped down today retreating from its all-time high. Very extended from any sound base after an impressive spurt of volume-driven gains. Prior highs in the $148-145 area define initial support to watch above its 50 DMA line ($138). Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2023. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
CBOE - NASDAQ - Financial Svcs-Specialty C B O E Holdings Inc	$131.52	+0.06 0.05%	$132.70	$132.68	-0.87%	441,812 61.28%	721,000
Most Recent Note for CBOE - 3/28/2023 12:39:32 PM Wedging above prior highs in the $130-132 area with today's 4th consecutive gain. Reported earnings +6% on +16% sales revenues for the Dec '22 quarter versus the year-ago period. Fundamental concerns remain as its prior earnings history is not a match with the fact-based investment system's guidelines.
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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$78.21	-0.29 -0.36%	$78.59	$79.95	-2.18%	72,520 59.44%	122,000
Most Recent Note for DSGX - 3/28/2023 12:42:38 PM Posted a spurt of volume-driven gains while recently consolidating above its 50 DMA line. Prior mid-day reports noted - "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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FCNCA - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First Citizens Bancshs A	$927.09	+31.48 3.51%	$959.99	$959.99	-3.43%	363,701 209.02%	174,000
Most Recent Note for FCNCA - 3/28/2023 12:45:50 PM Gapped up on the prior session on M&A news with recently failed SVBI. Reported earnings +38% on +203% sales revenues for the Dec '22 quarter versus the year-ago period, its 2nd strong quarter. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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GIB - NYSE - Computer - Tech Services CGI Inc Cl A	$94.09	+0.40 0.43%	$95.63	$95.63	-1.61%	144,143 90.66%	159,000
Most Recent Note for GIB - 3/28/2023 12:48:01 PM Hitting a new all-time high with today's 4th consecutive gain. Found prompt support near its 50 DMA line while recently consolidating. Reported earnings +11% on +12% sales revenues for the Dec '22 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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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$13.09	+0.24 1.87%	$13.22	$13.25	-1.21%	78,607 78.61%	100,000
Most Recent Note for GNE - 3/28/2023 12:49:22 PM Gapped up on the prior session and today's 4th consecutive gain is challenging its 52-week high. Reported strong earnings results for the Dec '22 quarter backed by +18% sales revenues versus the year-ago period. Noted with caution in prior mid-day reports - "Earnings through the Sep '22 quarter have been strong but with waning sales revenues versus the year-ago periods leaving fundamental concerns."
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PAM - NYSE - TRANSPORTATION - Trucking Pampa Energia Sa Adr	$32.14	+1.34 4.35%	$32.14	$36.87	-12.83%	109,279 63.17%	173,000
Most Recent Note for PAM - 3/28/2023 12:51:26 PM Rebounding above its 50 DMA line ($32.24) with today's 3rd consecutive volume-driven gain. Faces resistance due to overhead supply up to the $36 level. Argentine utility firm's quarterly and annual earnings (C and A criteria) history has been erratic.
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SKY - NYSE - Bldg-Mobile/Mfg & RV Skyline Champion Corp	$68.84	+0.89 1.31%	$69.02	$73.40	-6.21%	258,304 60.35%	428,000
Most Recent Note for SKY - 3/28/2023 12:52:09 PM Fundamental concerns were raised after it reported Dec '22 quarterly earnings +22% on +9% sales revenues versus the year-ago period, breaking a streak of quarterly comparisons above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 1/14/22 and went through a choppy consolidation.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$104.01	-6.89 -6.21%	$111.05	$118.36	-12.12%	951,973 63.17%	1,507,000
Most Recent Note for SMCI - 3/28/2023 12:54:31 PM Pulling back further today after rallying to new 52-week highs with 4 consecutive volume-driven gains. Extended from prior highs in the $95 area. Noted in the 2/27/23 mid-day report - "Rallying from a 3-month base. Reported Dec '22 quarterly earnings +270% on +54% sales revenues versus the year-ago period, its 5th strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$56.53	+1.00 1.80%	$56.66	$61.61	-8.25%	52,193 64.44%	81,000
Most Recent Note for STN - 3/28/2023 12:56:01 PM Consolidating above its 50 DMA line ($54.73) and churning heavy volume indicative of distributional pressure since a considerable gap up on 2/23/23 to new multi-year highs. Fundamental concerns remain. Only 2 of the past 4 quarterly comparisons through Dec '22 showed earnings increases above the fact-based investment system's +25% minimum guidelines (C criteria). Annual earnings (A criteria) growth has been strong.
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$40.14	+1.48 3.83%	$40.49	$43.84	-8.44%	261,955 88.50%	296,000
Most Recent Note for TGLS - 3/28/2023 12:56:34 PM Consolidating above its 50 DMA line ($36.35) and prior highs in the $35 area defining important near-term support. Prior mid-day reports noted - "Reported very strong quarterly results through Dec '22 versus the year-ago periods with solid sales revenues growth. Annual earnings history (A criteria) included a downturn in FY '19 and has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$19.28	-0.12 -0.62%	$19.43	$22.30	-13.54%	3,330,307 72.40%	4,600,000
Most Recent Note for UBS - 3/28/2023 12:57:00 PM Rebounded near its 50 DMA line ($21) which acted as resistance last week after an abrupt pullback. Prior mid-day reports repeatedly cautioned members - "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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WWE - NYSE - LEISURE - General Entertainment World Wrestling Entmnt	$88.90	+1.53 1.75%	$92.20	$93.63	-5.05%	1,323,683 163.82%	808,000
Most Recent Note for WWE - 3/28/2023 12:59:53 PM Sputtering after it challenged prior highs in the $91-93 area with today's early gain backed by above-average volume. Rallied quickly in January from support at its 200 DMA line. Reported Dec '22 quarterly earnings -22% on +5% sales revenues versus the year-ago period, breaking a streak of 4 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). The 1/13/23 mid-day report last noted - "Sequential quarterly comparisons show a deceleration in its sales revenues and earnings growth rate. The prior 4 quarterly earnings comparisons were negative, down from the year-ago periods. Annual earnings (A criteria) history had a downturn in FY '19."
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