Mid-Day Breakouts Report - Wednesday, April 12th, 2023

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, APRIL 12TH, 2023
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DOW 33775.43 90.64 (0.27%) | NASDAQ 12040.06 8.19 (0.07%) | S&P 500 4117.62 8.68 (0.21%)

Time of Screening : 4/12/2023 12:24:31 PM Report Released : 4/12/2023 12:46:41 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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

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
ASO - NASDAQ - Retail-Leisure Products Academy Sports & Outdoor	$68.65	+2.72 4.13%	$68.70	$67.70	1.40%	982,221 68.07%	1,443,000
Most Recent Note for ASO - 4/12/2023 12:27:44 PM Hovered in a tight range in recent weeks and hitting a new all-time high with today's big volume-driven gain. Found support during recent consolidations above its 50 DMA line. Reported Jan '23 quarterly earnings +27% on -3% sales revenues versus the year-ago period and fundamental concerns remain. Oct '22 quarterly earnings were -3% on -6% sales revenues versus the year-ago period, a 3rd consecutive quarterly comparison lower than the year-ago periods. Priced a Secondary Offering at a new all-time high on 9/15/21 and an earlier Secondary Offering on 1/29/21. Limited history is a concern since its $13 IPO on 10/02/20.
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BLDR - NASDAQ - Bldg-Constr Prds/Misc Builders Firstsource Inc	$94.09	+1.72 1.86%	$94.79	$94.57	-0.51%	1,255,412 63.21%	1,986,000
Most Recent Note for BLDR - 4/12/2023 12:28:58 PM Hitting another new all-time high with today's 3rd consecutive gain. Found support at its 50 DMA line while recently consolidating after rallying 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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DSGX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Descartes Systems Group	$80.70	+0.40 0.50%	$81.01	$81.57	-1.07%	69,960 50.70%	138,000
Most Recent Note for DSGX - 4/12/2023 12:29:38 PM Posted a spurt of volume-driven gains while recently consolidating above its 50 DMA line and making gradual progress toward its $91 high hit in Nov '21. 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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DTC - NYSE - Leisure-Products Solo Brands	$8.48	+0.34 4.18%	$8.62	$8.62	-1.62%	253,788 53.65%	473,000
Most Recent Note for DTC - 4/12/2023 12:31:33 PM Making steady progress in recent weeks but it faces resistance due to overhead supply up to the $21 level. Fundamental concerns remain after reporting lower earnings in the Sep and Dec '22 quarters versus the year-ago periods. Completed its $17 IPO on 10/28/21.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$33.88	+0.07 0.21%	$34.02	$38.24	-11.40%	282,094 57.81%	488,000
Most Recent Note for FLNG - 4/12/2023 12:32:13 PM Consolidating just above its 50 and 200 DMA lines and perched -11.3% 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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FOUR - NYSE - Finance-CrdtCard/PmtPr Shift4 Payments	$74.11	+0.29 0.39%	$75.90	$76.40	-3.00%	1,128,712 84.04%	1,343,000
Most Recent Note for FOUR - 4/12/2023 12:33:26 PM Hovering near its 52-week high. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $103 level. Quarterly results through Dec '22 have shown strong sales revenues and earnings growth. After a loss in FY '20, it showed great earnings growth in FY '21 and '22."
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$8.47	+0.00 0.00%	$8.48	$9.27	-8.63%	351,555 81.00%	434,000
Most Recent Note for GLOP - 4/12/2023 12:34:00 PM Consolidating near its 50 DMA line ($8.55). Gapped up on 1/25/23 following M&A news. Reported Dec '22 quarterly earnings +67% on +19% sales revenues versus the year-ago period, its 3rd strong quarterly comparison. Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain.
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$163.59	+5.22 3.30%	$163.64	$161.92	1.03%	820,321 60.59%	1,354,000
Most Recent Note for NVO - 4/12/2023 12:37:10 PM This Denmark-based Medical - Ethical Drugs firm is hitting a new all-time high today and has been wedging higher in recent weeks with gains lacking great volume conviction. Found prompt support after last noted with caution in the 3/16/23 mid-day report when briefly undercutting its 50 DMA line ($145.84) - "Fundamental concerns remain. Reported Dec '22 quarterly earnings +19% on +18% sales revenues versus the year-ago period."
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OVLY - NASDAQ - Banks-West/Southwest Oak Valley Bancorp	$24.49	-0.06 -0.22%	$25.59	$28.00	-12.55%	14,793 61.64%	24,000
Most Recent Note for OVLY - 4/12/2023 12:38:39 PM Rebounded earlier today near its 50 DMA line ($25.59) which has acted as resistance after damaging volume-driven losses. Noted with caution in the 3/08/23 mid-day report hovering near its 52-week high enduring distributional pressure - "The quarterly comparisons in Sep and Dec '22 had earnings increases above the +25% minimum guideline (C criteria), but 4 prior quarterly comparisons were sub-par. Annual earnings (A criteria) history has been strong and steady."
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ROK - NYSE - Electrical-Power/Equipmt Rockwell Automation Inc	$280.03	+1.51 0.54%	$282.12	$309.36	-9.48%	389,618 57.89%	673,000
Most Recent Note for ROK - 4/12/2023 12:40:24 PM Sputtering below its 50 DMA line ($287.50) in recent weeks. Faces resistance due to overhead supply up to the $354 level. Last noted with caution in the 1/26/23 mid-day report - "Reported earnings +15% on +7% sales revenues for the Dec '22 quarter. Prior earnings history was not strong and steady above the +25% minimum earnings guideline (C criteria)."
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$109.00	+4.32 4.13%	$110.10	$118.36	-7.91%	877,512 57.20%	1,534,000
Most Recent Note for SMCI - 4/12/2023 12:41:19 PM Rising after a pullback tested support near prior highs and its 50 DMA line in the $95 area. Noted in prior mid-day reports - "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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SNY - NYSE - DRUGS - Drug Manufacturers - Other Sanofi	$55.92	+0.70 1.27%	$56.27	$56.70	-1.38%	1,297,114 69.00%	1,880,000
Most Recent Note for SNY - 4/12/2023 12:41:39 PM Faces very little resistance due to overhead supply up to the $58 level. Prior mid-day reports noted - "Reported earnings +17% on +1% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly and annual earnings (C and A criteria) history and sales revenues growth has been below the fundamental guidelines of the fact-based investment system."
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TT - NYSE - Machinery-Gen Industrial Trane Technologies Plc	$174.90	+3.86 2.26%	$175.55	$196.22	-10.87%	1,245,530 78.09%	1,595,000
Most Recent Note for TT - 4/12/2023 12:42:14 PM Slumped well below its 50 DMA line ($182.68) with damaging volume-driven losses last week. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $207 level. Reported improved earnings increases in the Sep and Dec '22 quarters versus the year-ago periods but fundamental concerns remain. There was a downturn in FY '19 and '20 earnings (A criteria)."
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UBS - NYSE - BANKING - Money Center Banks U B S Ag	$21.35	+0.40 1.89%	$21.36	$22.30	-4.28%	3,768,710 73.11%	5,155,000
Most Recent Note for UBS - 4/12/2023 12:43:25 PM Gap up and volume-driven gain on the prior session helped it rebound above its 50 DMA line ($20.94) which recently had acted as resistance 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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VIPS - NYSE - Retail-Internet Vipshop Holdings Ltd Ads	$14.58	-0.38 -2.51%	$14.99	$16.18	-9.92%	2,652,761 50.69%	5,233,000
Most Recent Note for VIPS - 4/12/2023 12:43:56 PM Consolidating in a tight range near its 50 DMA line ($14.76) in recent weeks. Reported earnings +27% 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 remain 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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VTS - NYSE - Finance-Investment Mgmt Vitesse Energy	$19.26	-1.39 -6.73%	$20.50	$20.99	-8.24%	301,982 67.71%	446,000
Most Recent Note for VTS - 4/12/2023 12:45:55 PM Abruptly retreating today with volume running at an above-average pace. Gain on the prior session challenged its 52-week high hit on 3/06/23. Limited history is cause for concern since trading began on 1/10/23.
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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$91.74	+0.08 0.09%	$92.57	$94.96	-3.39%	80,105 54.13%	148,000
Most Recent Note for WNS - 4/12/2023 12:46:31 PM India-based Commercial Services - Outsourcing firm stalled after hitting a new all-time high with volume-driven gains a couple of weeks ago and is consolidating above its 50 DMA line ($89.14). Reported Dec '22 quarterly earnings +15% on +8% sales revenues versus the year-ago period. Prior comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system.
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