Mid-Day Breakouts Report - Monday, June 12th, 2023

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 12TH, 2023
Previous Mid Day Report Next Mid Day Report >>>

DOW 33939.3 62.52 (0.18%) | NASDAQ 13354.04 94.89 (0.72%) | S&P 500 4313.52 14.66 (0.34%)

Time of Screening : 6/12/2023 12:27:02 PM Report Released : 6/12/2023 1:00:55 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$466.27	+12.27 2.70%	$468.98	$466.59	-0.07%	2,781,414 84.77%	3,281,000
Most Recent Note for ADBE - 6/12/2023 12:28:29 PM Gapped up for a 2nd consecutive session rising above its August 2022 high. The 6/09/23 mid-day report noted - "Faces resistance due to overhead supply up to the $699 level. Reported Feb '23 quarterly earnings +13% on +9% sales revenues versus the year ago period. Prior quarterly comparisons also were below the +25% minimum earnings guideline (C criteria)."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
AMWD - NASDAQ - MATERIALS & CONSTRUCTION - Lumber, Wood Production American Woodmark Corp	$69.73	+1.42 2.08%	$69.96	$69.30	0.62%	66,405 67.76%	98,000
Most Recent Note for AMWD - 6/12/2023 12:31:17 PM Hitting another new 52-week high with today's gain adding to a recent spurt of volume-driven gains. Reported Apr '23 quarterly earnings +60% on -4% sales revenues versus the year ago period. Prior quarterly earnings increases have been above the +25% minimum guideline (C criteria). Sales revenues growth and its annual earnings (A criteria) history are subpar.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
AVGO - NASDAQ - ELECTRONICS - Semiconductor - Integrated Circuits Broadcom Inc	$841.70	+37.08 4.61%	$843.58	$921.78	-8.69%	2,040,847 76.32%	2,674,000
Most Recent Note for AVGO - 6/12/2023 12:35:12 PM On track today for a 4th consecutive gain and possibly a new high close. Held its ground following a noted "negative reversal" on 5/30/23 after hitting a new all-time high. Prior mid-day reports cautioned members - "Reported earnings +14% on +8% sales revenues for the Apr '23 quarter versus the year ago period, its 2nd subpar quarter. Prior quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
BELFB - NASDAQ - ELECTRONICS - Diversified Electronics Bel Fuse Inc Cl B	$57.04	+0.61 1.07%	$58.31	$58.13	-1.88%	95,676 70.87%	135,000
Most Recent Note for BELFB - 6/12/2023 12:35:29 PM Very extended from any sound base and hitting yet another new 52-week high with today's gain. Rebounded above its 50 DMA line with a gap up on 4/27/23 after briefly undercutting its 200 DMA line. The Electronic - Parts firm reported Mar '23 quarterly earnings +263% on +26% sales revenues versus the year-ago period, adding to a streak of very strong quarterly results. Annual earnings (A criteria) history has been erratic, and not a match with the fact-based investment system's fundamental guidelines.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
CLMB - NASDAQ - Wholesale-Electronics Climb Global Solutions	$47.99	+0.44 0.93%	$48.25	$55.70	-13.84%	21,098 75.35%	28,000
Most Recent Note for CLMB - 6/12/2023 12:35:57 PM Still sputtering below its 50 DMA line ($49) encountering distributional pressure. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +21% on +19% sales revenues versus the year-ago period. Fundamental concerns remain."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
CODA - NASDAQ - Aerospace/Defense Coda Octopus Group Inc	$10.07	+0.02 0.23%	$10.25	$11.09	-9.17%	22,723 66.83%	34,000
Most Recent Note for CODA - 6/12/2023 12:37:19 PM Found support at its 20-day moving average as it pulled back from new multi-year highs with a streak of losses backed by above average volume. Fundamental concerns remain for this thinly-traded Aerospace/Defense firm. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) history is not a match with the guidelines of the fact-based investment system."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
CPA - NYSE - TRANSPORTATION - Regional Airlines Copa Holdings Sa	$111.10	-0.76 -0.68%	$113.00	$113.83	-2.40%	296,378 75.99%	390,000
Most Recent Note for CPA - 6/12/2023 12:39:05 PM Panamanian Airline is perched at its 52-week high following volume-driven gains. Last noted in the 5/11/23 mid-day report - "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."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ELTK - NASDAQ - ELECTRONICS - Printed Circuit Boards Eltek Ltd	$10.19	+0.69 7.26%	$10.20	$10.50	-2.95%	34,707 80.71%	43,000
Most Recent Note for ELTK - 6/12/2023 12:39:41 PM Hovering near multi-year highs after an impressive spurt higher. Noted with caution in prior mid-day reports -"Fundamental concerns remain."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
EVI - AMEX - Machinery-Gen Industrial Envirostar Inc	$23.50	-0.78 -3.21%	$24.84	$26.92	-12.70%	12,440 77.75%	16,000
Most Recent Note for EVI - 6/12/2023 12:42:09 PM Perched near its 52-week high but faces resistance due to overhead supply up to the $38 level. This thinly-traded Machinery - General Industrial firm found support at its 200 DMA line during its recent consolidation. Showed better sales and earnings increases in most recent quarterly comparisons through Mar '23, but fundamental concerns remain. Its annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
EXTR - NASDAQ - INTERNET - Internet Software & Services Extreme Networks Inc	$24.10	+0.90 3.86%	$24.18	$23.38	3.06%	1,229,918 70.68%	1,740,000
Most Recent Note for EXTR - 6/12/2023 12:42:45 PM Hitting yet another a new 52-week high with today's gain adding to a recent spurt of volume-driven gains. Noted in the 5/31/23 mid-day report - "Found support near its 200 DMA line during its consolidation in recent months. Quarterly comparisons in Dec '22 and Mar '23 showed improved sales revenues and earnings increases with encouraging acceleration. Prior quarterly and annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
INTT - AMEX - ELECTRONICS - Semiconductor - Integrated Cir Intest Corporation	$26.01	+0.44 1.72%	$26.65	$26.50	-1.85%	180,026 72.59%	248,000
Most Recent Note for INTT - 6/12/2023 12:44:30 PM Found support near its 50 DMA line and rallied to new 52-week highs with 7 volume-driven gains in the span of 8 sessions. The 6/09/23 mid-day report noted - "Reported strong earnings increases in the past 2 quarterly comparisons through the Mar '23 quarter, well above the +25% minimum earnings guideline (C criteria) with strong sales revenues growth. Prior quarterly and annual earnings (A criteria) is not a good match with the fact-based investment system's guidelines."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
JBL - NYSE - ELECTRONICS - Printed Circuit Boards Jabil Circuit Inc	$97.70	+3.10 3.27%	$97.74	$95.49	2.31%	616,473 67.97%	907,000
Most Recent Note for JBL - 6/12/2023 12:46:25 PM Hitting new all-time highs with today's 5th consecutive gain. Found support above prior highs during its consolidation since last noted with caution in the 3/17/23 mid-day report - "Reported Feb '23 quarterly earnings +12% on +8% sales revenues versus the year-ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a small downturn in FY '20."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
LMB - NASDAQ - Bldg-A/C & Heating Prds Limbach Holdings	$23.35	+0.84 3.73%	$23.35	$23.81	-1.93%	123,788 119.03%	104,000
Most Recent Note for LMB - 6/12/2023 12:46:35 PM Fundamental concerns remain. Very extended from any sound base.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
MCFT - NASDAQ - Leisure-Products Mastercraft Boat Holdings Inc	$30.04	+0.24 0.81%	$30.31	$35.29	-14.88%	93,174 66.55%	140,000
Most Recent Note for MCFT - 6/12/2023 12:50:20 PM Reported Mar '23 quarterly earnings +0% on -2% sales revenues versus the year-ago period and fundamental concerns remain. The Dec '22 quarter was below the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY '20. Went through a long consolidation since noted with caution at multi-year highs in the 5/14/21 mid-day report. Completed a Secondary Offering on 12/08/16. Completed its $10 IPO on 7/17/15.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
MSA - NYSE - Security/Sfty M S A Safety Inc	$155.07	+0.92 0.59%	$155.29	$154.73	0.22%	88,661 78.46%	113,000
Most Recent Note for MSA - 6/12/2023 12:50:43 PM Hitting a new 52-week high with today's 5th consecutive gain. Reported earnings +24% on +20% sales revenues for the Mar '23 quarter versus the year ago period. Prior quarterly comparisons did not show strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history improved steadily. Faces resistance due to overhead supply up to the $172 level.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
NVS - NYSE - DRUGS - Drug Manufacturers - Major Novartis Ag Adr	$99.68	-1.25 -1.24%	$100.88	$105.56	-5.57%	1,601,630 78.09%	2,051,000
Most Recent Note for NVS - 6/12/2023 12:51:36 PM Following M&A news it is still consolidating near its 50 DMA line ($99) after retreating from its all-time high. Fundamental concerns remain for this Swiss Drug company.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ONTO - NYSE - ELECTRONICS - Semiconductor Equipment Onto Innovation Inc	$111.65	+1.55 1.41%	$112.06	$113.87	-1.95%	191,763 74.33%	258,000
Most Recent Note for ONTO - 6/12/2023 12:53:53 PM Holding its ground stubbornly after spiking to new all-time highs with recent volume-driven gains. Reported Mar '23 quarterly earnings -30% on -17% sales revenues versus the year ago period, breaking a streak of strong quarterly comparisons very strong, well above the +25% minimum earnings guideline (C criteria). Annual earnings history included a noted downturn in FY '19, not a great match with the fact-based investment system's fundamental guidelines.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ORCL - NYSE - COMPUTER SOFTWARE & SERVICES - Application Software Oracle Corp	$116.69	+6.84 6.23%	$117.51	$110.15	5.94%	14,182,191 183.78%	7,717,000
Most Recent Note for ORCL - 6/12/2023 12:54:49 PM Gapped up today hitting another new 52-week high. The 6/09/23 mid-day report noted - "It faces no resistance due to overhead supply. Reported Feb '23 quarterly earnings +8% on +18% sales revenues versus the year-ago period. Earnings increases have not been strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons versus the year-ago periods. Fundamental concerns remain."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$249.58	-12.08 -4.62%	$266.44	$270.18	-7.62%	1,983,705 86.70%	2,288,000
Most Recent Note for SMCI - 6/12/2023 12:56:13 PM Perched near its all-time high today following 5 consecutive volume-driven gains, very extended from any sound base. Prior mid-day reports cautioned members - "Reported Mar '23 quarterly earnings +5% on -5% sales revenues versus the year-ago period, breaking a streak of 5 strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
TNET - NYSE - Comml Svcs-Outsourcing TriNet Group, Inc	$104.79	-2.07 -1.93%	$106.57	$111.85	-6.32%	415,188 102.77%	404,000
Most Recent Note for TNET - 6/12/2023 12:58:07 PM Faces no resistance due to overhead supply following a considerable volume-driven gain on the prior session. Reported Mar '23 quarterly earnings -2% on +2% sales revenues versus the year-ago period. Reported Dec '22 quarterly earnings -2% on +0% sales revenues versus the year-ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria).
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
TSM - NYSE - ELECTRONICS - Semiconductor - Integrated Cir Taiwan Semiconductor Adr	$107.10	+4.30 4.19%	$107.39	$105.24	1.77%	11,682,199 97.34%	12,001,000
Most Recent Note for TSM - 6/12/2023 12:58:39 PM Hitting a new 52-week high today after stubbornly holding its ground in recent weeks. Faces resistance due to overhead supply up to the $145 level. Went through a deep consolidation since noted in the 1/18/22 mid-day report near its all-time high. Reported Mar '23 quarterly earnings -4% on -3% sales revenues versus the year ago period, breaking a streak of quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. Large supply of 5.18 billion outstanding shares (S criteria) makes it an unlikely sprinter.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$171.06	+3.75 2.24%	$171.09	$171.44	-0.22%	55,017 75.37%	73,000
Most Recent Note for UFPT - 6/12/2023 12:59:42 PM Extended from any sound base and hitting a new all-time high with today's gain adding to noted volume-driven gains. The 6/05/23 mid-day report noted <i>"Reported earnings +98% on +37% sales revenues for the Mar '23 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."</i>
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
VTS - NYSE - Finance-Investment Mgmt Vitesse Energy	$24.79	-0.49 -1.92%	$25.68	$27.39	-9.51%	368,271 96.91%	380,000
Most Recent Note for VTS - 6/12/2023 1:00:50 PM Hovering near its 52-week high today following volume-driven gains. The 6/08/23 mid-day report noted - "Limited history is cause for concern since trading began on 1/10/23 on the NYSE."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to FactBasedInvesting.com c/o Premium Member Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 954-785-1121.

We appreciate any feedback members may wish to send via the inquiry form here.