Mid-Day Breakouts Report - Thursday, May 11th, 2023

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 11TH, 2023
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DOW 33297.17 -234.16 (-0.70%) | NASDAQ 12306.85 0.41 (0.00%) | S&P 500 4125.71 -11.93 (-0.29%)

Time of Screening : 5/11/2023 12:09:01 PM Report Released : 5/11/2023 12:54:49 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

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
ABB - NYSE - MANUFACTURING - Industrial Electrical Equipmen A B B Ltd	$36.74	+0.28 0.75%	$36.78	$36.98	-0.66%	1,430,424 86.07%	1,662,000
Most Recent Note for ABB - 5/11/2023 12:10:33 PM Reported strong Mar '23 quarterly results. Prior quarterly and annual (C & A criteria) earnings and sales revenues history has not been strong and steady. Large supply of 1.86 billion outstanding shares could make it a stodgy and slow performer.
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AXON - NASDAQ - Security/Sfty Axon Enterprise Inc	$200.11	+7.38 3.83%	$204.80	$229.95	-12.98%	713,677 62.77%	1,137,000
Most Recent Note for AXON - 5/11/2023 12:12:28 PM Violated its 50 DMA line ($218) on the prior session with a damaging volume-driven loss, slumping abruptly from near its all-time high. Reported Mar '23 quarterly earnings +96% on +34% 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). Went through a deep consolidation since dropped from the Featured Stocks list on 3/04/21.
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CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$105.45	+9.81 10.25%	$107.19	$98.12	7.47%	682,333 185.42%	368,000
Most Recent Note for CPA - 5/11/2023 12:13:42 PM Gappped up today rallying for a new 52-week high. Reported earnings +470% on +52% sales revenues for the Mar '23 quarter versus the year-ago period. Prior quarterly comparisons also showed great improvement. A big loss in FY '20 leaves fundamental concerns.
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DV - NYSE - Computer Sftwr-Spec Enterprs DoubleVerify	$29.45	+1.56 5.59%	$30.61	$32.43	-9.19%	1,274,348 90.44%	1,409,000
Most Recent Note for DV - 5/11/2023 12:19:51 PM Reported Mar '23 quarterly earnings +133% on +27% sales revenues versus the year-ago period. Fundamental concerns remain as the prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Limited history since its $27 IPO in April '21.
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EQIX - NASDAQ - Finance-Property REIT Equinix Inc	$746.18	-4.12 -0.55%	$751.47	$762.51	-2.14%	261,000 66.08%	395,000
Most Recent Note for EQIX - 5/11/2023 12:24:07 PM Perched within striking distance of its 52-week high yet it still faces resistance due to overhead supply up to the $885 level. Reported Mar '23 quarterly earnings +71% on +15% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been steady. Completed a new Public Offering on 5/12/20.
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$21.92	+0.78 3.67%	$22.80	$25.12	-12.76%	4,395,077 108.07%	4,067,000
Most Recent Note for FLEX - 5/11/2023 12:26:48 PM Found support near its 200 DMA line and gapped up above its 50 DMA line with today's 6th consecutive gain backed by above-average volume. Reported Mar '23 quarterly earnings +10% on +9% sales revenues versus the year-ago period and fundamental concerns remain. Quarterly earnings (C criteria) history is not a match with the fact-based investment system's guidelines.
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FSV - NASDAQ - Real Estate Dvlpmt/Ops Firstservice Corp	$147.21	+2.10 1.45%	$147.21	$151.38	-2.75%	30,214 64.29%	47,000
Most Recent Note for FSV - 5/11/2023 12:29:24 PM Canadian firm in Real Estate Development/Operations is consolidating above its 50 DMA line ($140). Reported earnings +16% on +22% sales revenues for the Mar '23 quarter versus the year-ago period, and prior quarterly comparisons were also well below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '22.
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$8.51	+0.01 0.12%	$8.55	$9.27	-8.20%	269,170 60.90%	442,000
Most Recent Note for GLOP - 5/11/2023 12:30:51 PM Still consolidating in a tight range near its 50 DMA line following M&A news. Reported Mar '23 quarterly earnings +9% on +16% sales revenues versus the year-ago period, breaking a streak of 3 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain.
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GMAB - NASDAQ - Medical-Biomed/Biotech Genmab A/S Ads	$41.87	+1.52 3.75%	$42.19	$47.50	-11.86%	315,298 70.07%	450,000
Most Recent Note for GMAB - 5/11/2023 12:32:18 PM Reported Mar '23 quarterly earnings -52% on +32% sales revenues versus the year-ago period. Prior quarterly comparisons were erratic and its annual earnings (A criteria) had a downturn in FY'21. Not a match with the fundamental guidelines of the fact-based investment system.
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GNE - NYSE - Utility-Diversified Genie Energy Ltd Cl B	$15.04	+0.68 4.74%	$15.29	$16.61	-9.45%	87,318 72.16%	121,000
Most Recent Note for GNE - 5/11/2023 12:35:00 PM Found prompt support this week at its 50 DMA line ($13.64) and remains perched near its 52-week high. Reported Mar '23 quarterly earnings -43% on +23% sales revenues versus the year-ago period. Fundamental concerns remain.
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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$50.46	-2.68 -5.03%	$53.04	$53.72	-6.08%	643,371 175.78%	366,000
Most Recent Note for GRBK - 5/11/2023 12:36:22 PM Pulling back today after hitting new 52-week highs with 6 consecutive volume-driven gains. Faces no resistance due to overhead supply but prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +14% on +15% sales revenues versus the year-ago period. The Dec '22 quarter was noted when breaking a streak of 10 strong quarterly comparisons above the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria) included a slight downturn in FY '18. The Building - Residential/Commercial industry group is currently ranked 2nd on the 197 Industry Groups list, a reassuring sign concerning the L criteria. Completed a Secondary Offering on 1/27/21."
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HDB - NYSE - BANKING - Foreign Regional Banks H D F C Bank Ltd Adr	$67.88	-0.45 -0.66%	$68.32	$71.76	-5.41%	919,005 58.05%	1,583,000
Most Recent Note for HDB - 5/11/2023 12:37:13 PM Consolidating near its 50 DMA line but found support at its 200 DMA line following volume-driven losses. Noted with caution in prior mid-day reports - "Reported earnings +11% on +20% sales revenues for the Mar '23 quarter versus the year-ago period and fundamental concerns remain. Prior quarterly earnings growth also was below the +25% minimum earnings guideline (C criteria). Shares split 2:1 on 9/26/19. This India-based financial institution was dropped from the Featured Stocks list on 1/17/08. Completed a new Public Offering on 2/05/15."
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MASI - NASDAQ - HEALTH SERVICES - Medical Instruments &; Supplies Masimo Corp	$172.35	-2.20 -1.26%	$173.38	$198.00	-12.95%	302,925 88.57%	342,000
Most Recent Note for MASI - 5/11/2023 12:38:46 PM Reported Mar '23 quarterly earnings -6% on +86% sales revenues versus the year-ago period and gapped down on the prior session violating its 50 DMA line. Pulled back from its 52-week high with recent volume-driven losses as prior mid-day reports repeatedly cautioned members - "Faces resistance due to overhead supply up to the $305 level. Reported +9% earnings on +88% sales revenues for the Dec '22 quarter versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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NSIT - NASDAQ - RETAIL - Catalog & Mail Order Houses Insight Enterprises Inc	$124.74	-1.16 -0.92%	$126.12	$144.84	-13.88%	334,784 96.20%	348,000
Most Recent Note for NSIT - 5/11/2023 12:39:21 PM Slumped well below its 50 DMA since noted with caution in the 4/19/23 mid-day report after a damaging gap down - "Reported earnings -2% on -12% sales revenues for the Mar '23 quarter versus the year-ago period. Subpar sales revenues growth is a concern, fundamentally. Annual earnings (A criteria) history has been steady after a downturn in FY '13."
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SCCO - NYSE - Mining-Metal Ores Southern Copper Corp	$70.43	-4.09 -5.49%	$72.15	$82.05	-14.16%	983,363 80.14%	1,227,000
Most Recent Note for SCCO - 5/11/2023 12:41:12 PM Faces no resistance due to overhead supply but stalled in recent weeks, violated its 50 DMA line ($75.39) on the prior session, then gapped down today for another volume-driven loss. Reported Mar '23 quarterly earnings +3% on +1% sales revenues versus the year-ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down, not a great match with the fact-based investment system's fundamental guidelines.
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STN - NYSE - Comml Svcs-Consulting Stantec Inc	$59.34	-2.52 -4.07%	$61.49	$62.31	-4.77%	83,330 101.62%	82,000
Most Recent Note for STN - 5/11/2023 12:44:11 PM Pulling back after wedging to new all-time highs with today's big volume-driven loss testing its 50 DMA line ($58.63), action indicative of distributional pressure. Fundamental concerns remain. Reported Mar '23 quarterly earnings +20% on +17% sales revenues versus the year-ago period. Only 2 of the past 4 quarterly comparisons 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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SWAV - NASDAQ - Medical-Systems/Equip Shockwave Medical	$299.51	+10.33 3.57%	$302.50	$320.54	-6.56%	587,662 101.67%	578,000
Most Recent Note for SWAV - 5/11/2023 12:44:29 PM It made progress toward its 52-week high with considerable volume-driven gains. Resistance remains due to overhead supply up to the $320 level. Quarterly comparisons through Mar '23 showed very strong sales revenues and earnings increases over the year-ago periods. After years of losses, it had a profitable FY '22, but its annual earnings history (A criteria) is not a match with the strict fundamental guidelines of the fact-based investment system.
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TGLS - NASDAQ - Bldg-Constr Prds/Misc Tecnoglass Inc	$46.32	-0.18 -0.39%	$46.50	$48.50	-4.49%	245,380 58.70%	418,000
Most Recent Note for TGLS - 5/11/2023 12:46:42 PM Rebounded following a "negative reversal" on 5/04/23 testing support at its 50 DMA line ($42) and it remains perched near its all-time high. Reported Mar '23 quarterly earnings +104% on +51% sales revenues versus the year-ago period, continuing a streak of comparisons with solid sales revenues and earnings 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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TOL - NYSE - MATERIALS & CONSTRUCTION - Residential Construction Toll Brothers Inc	$64.51	-0.08 -0.12%	$64.61	$65.52	-1.55%	1,274,080 92.66%	1,375,000
Most Recent Note for TOL - 5/11/2023 12:47:02 PM Found support near its 50 DMA line and made gradual progress in recent weeks with gains lacking great volume conviction. 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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UMC - NYSE - ELECTRONICS - Semiconductor - Integrated Cir United Microelectrnc Adr	$7.84	-0.26 -3.15%	$7.98	$9.10	-13.90%	3,672,886 57.70%	6,365,000
Most Recent Note for UMC - 5/11/2023 12:48:33 PM Still sputtering below its 50 DMA line ($8.35) since last noted with caution in the 4/27/23 mid-day report - "Reported Mar '23 quarterly earnings -24% on -20% sales revenues versus the year-ago period. The Dec '22 quarter was noted for breaking a streak of many quarterly comparisons above the +25% minimum guideline (C criteria). Went through a deep consolidation since dropped from the Featured Stocks list on 1/26/22."
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VIST - NYSE - Oil&Gas-Intl Expl&Prod Vista Energy SAB de CV	$20.88	-0.38 -1.79%	$21.08	$22.84	-8.58%	401,671 63.16%	636,000
Most Recent Note for VIST - 5/11/2023 12:51:54 PM Mexico-based Oil & Gas firm is extended from any sound base and has been finding prompt support near its 50 DMA line ($19.79) on pullbacks. Recent quarterly comparisons through Mar '23 showed great sales revenues and earnings increases over the year-ago periods. After big losses in prior years it had profitable results in FY '21 and '22.
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VSH - NYSE - ELECTRONICS - Diversified Electronics Vishay Intertechnology	$24.10	-0.60 -2.43%	$24.86	$24.84	-2.98%	896,549 92.71%	967,000
Most Recent Note for VSH - 5/11/2023 12:54:42 PM Reported earnings +11% on +2% sales revenues for the Mar '23 quarter versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Supar sales revenues growth and its up and down annual earnings (A criteria) history are below the guidelines of the fact-based investment system.
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