Mid-Day Breakouts Report - Wednesday, March 23rd, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MARCH 23RD, 2022
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DOW 34537.64 -269.82 (-0.78%) | NASDAQ 14120.01 11.19 (0.08%) | S&P 500 4494.25 -17.36 (-0.38%)

Time of Screening : 3/23/2022 12:15:38 PM Report Released : 3/23/2022 12:55:30 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...

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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
ADM - NYSE - FOOD & BEVERAGE - Food - Major Diversified Archer Daniels Midland	$87.47	-0.09 -0.10%	$89.53	$87.99	-0.59%	3,430,301 91.50%	3,749,000
Most Recent Note for ADM - 3/23/2022 12:17:43 PM Hitting a new 52-week high with today's 5th consecutive gain, getting very extended from its 50 DMA line ($77.38). Noted in prior mid-day report - "Earnings rose +24% on +28% sales revenues for the Dec '21 quarter versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history also leaves fundamental concerns."
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AOSL - NASDAQ - ELECTRONICS - Semiconductor - Specialized Alpha & Omega Semicondtr	$66.69	+2.96 4.64%	$67.07	$64.00	4.20%	722,109 111.95%	645,000
Most Recent Note for AOSL - 3/23/2022 12:20:28 PM This Chinese Semiconductor firm is hitting new all-time highs with today's 2nd consecutive volume-driven gain. Quarterly results through Dec '21 versus the year ago periods have shown strong sales revenues and earnings increases above the +25% minimum guideline. There was a big downturn in FY '20 earnings which is not a match with the fact-based investment system's strict fundamental guideline (A criteria).
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BMO - NYSE - BANKING - Money Center Banks Bank Of Montreal Quebec	$118.73	-3.61 -2.95%	$118.94	$122.77	-3.29%	608,925 62.91%	968,000
Most Recent Note for BMO - 3/23/2022 12:23:50 PM Gapped down today from all-time highs after 8 consecutive gains. Its 50 DMA line ($116) and prior lows ($108) define near-term support to watch. Fundamental concerns remain for this Canada-based Bank.
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CAPL - NYSE - Oil&Gas-Refining/Mktg CrossAmerica Partners LP	$21.60	+0.37 1.74%	$22.00	$23.24	-7.06%	60,506 112.05%	54,000
Most Recent Note for CAPL - 3/23/2022 12:25:11 PM Today's 6th consecutive gain backed by heavier volume has it approaching prior highs in the $22-23 area. Fundamental concerns remain.
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CNC - NYSE - HEALTH SERVICES - Health Care Plans Centene Corp	$83.91	-3.66 -4.18%	$85.50	$88.61	-5.30%	2,529,789 88.58%	2,856,000
Most Recent Note for CNC - 3/23/2022 12:29:33 PM Gapped down today, retreating from its all-time high after recently wedging higher with gains lacking volume conviction. Reported earnings +120% on +15% sales revenues for the Dec '21 quarter versus the year ago period. Prior 2 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been steady. Shares split 2:1 on 2/07/19 and also 2:1 back on 2/20/15. Completed a new Public Offering on 5/03/18.
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CPG - NYSE - Oil&Gas-Cdn Expl&Prod Crescent Point Energy	$7.58	+0.24 3.27%	$7.63	$7.84	-3.32%	5,257,573 64.21%	8,188,000
Most Recent Note for CPG - 3/23/2022 12:32:50 PM Approaching its 52-week high with today's 3rd consecutive gain. Held its ground near its 50 DMA line during a pullback since last noted in the 3/01/22 mid-day report - "Recently rallied from support at its 200 DMA line. Fundamental concerns remain for this low-priced Canadian Oil & Gas firm due to its erratic earnings history."
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CSAN - NYSE - Oil&Gas-Refining/Mktg Cosan S A Ads	$19.67	+0.74 3.91%	$19.67	$21.30	-7.65%	119,705 73.89%	162,000
Most Recent Note for CSAN - 3/23/2022 12:33:17 PM Approaching 2021 highs with today's 6th consecutive volume-driven gain. Earnings history has been erratic, not a match with the fundamental guidelines of the fact-based investment system.
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DAR - NYSE - Agricultural Operations Darling International	$79.96	-1.93 -2.36%	$83.73	$85.98	-7.00%	1,176,084 85.53%	1,375,000
Most Recent Note for DAR - 3/23/2022 12:35:34 PM Rebounding toward its all-time high this week with volume-driven gains. The prior mid-day report noted - "Still faces some resistance due to overhead supply up to the $85 level. Reported earnings +109% on +28% sales revenues for the Dec '21 quarter versus the year ago period, its 4th strong quarterly comparison showing solid sales revenues and earnings increases. Annual earnings growth (A criteria) has been strong after a downturn in FY '16 and '17."
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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$6.84	+0.55 8.74%	$6.94	$7.41	-7.69%	1,068,706 98.05%	1,090,000
Most Recent Note for EGY - 3/23/2022 12:40:08 PM Rebounding near its 52-week high with today's 3rd consecutive gain. Found prompt support above its 50 DMA line ($5.27) since last noted with caution in the 3/10/22 mid-day report. For the Dec '21 quarter it reported 21 cents in earnings per share versus a 10 cents per share loss on +349% sales revenues versus the year ago period. Prior mid-day reports noted - "Erratic quarterly and annual earnings (C and A criteria) history is a concern. Low priced stocks are riskier choices which the investment system guidelines say should be avoided unless all criteria are soundly satisfied."
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FRBA - NASDAQ - Banks-Northeast First Bank NJ	$14.17	-0.15 -1.05%	$14.32	$15.90	-10.88%	23,254 68.39%	34,000
Most Recent Note for FRBA - 3/23/2022 12:42:53 PM Hovering in a tight range near its 52-week high, stubbornly holding its ground since last noted with caution in the 6/22/21 mid-day report. Reported Dec '21 quarterly earnings +29% on +1% sales revenues versus the year ago period, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria) but with sub par sales revenues growth. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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ICL - NYSE - Chemicals-Agricultural I C L Group Ltd	$11.92	+0.33 2.85%	$11.99	$12.21	-2.38%	521,425 68.79%	758,000
Most Recent Note for ICL - 3/23/2022 12:43:54 PM Perched near its 52-week high following recent volume-driven gains rallying from support at its 50 DMA line ($10.46). Recent quarterly comparisons through Dec '21 showed strong earnings increases above the +25% minimum guideline (C criteria) and sales revenues growth rate has shown impressive acceleration. Up and down annual earnings (A criteria) leaves fundamental concerns.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$5.72	+0.04 0.70%	$5.76	$6.20	-7.74%	291,609 73.45%	397,000
Most Recent Note for PANL - 3/23/2022 12:44:58 PM Churned heavy volume with a wider than usual intra-day trading range in recent weeks while still remaining perched within striking distance of its 52-week high. Reported Dec '21 quarterly earnings +300% on +108% sales revenues versus the year ago period, its 4th very strong comparison. Fundamental concerns remain due to its up and down annual earnings A criteria) history. Went through a deep consolidation since noted with caution in the 9/17/21 mid-day report.
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PSTG - NYSE - Computer-Data Storage Pure Storage Inc Cl A	$34.62	-0.64 -1.80%	$34.90	$35.71	-3.07%	2,396,201 59.53%	4,025,000
Most Recent Note for PSTG - 3/23/2022 12:46:56 PM Paused after recently wedging to a new 52-week high. Stubbornly held its ground following a gap up on 3/03/22 rebounding above its 50 DMA line. Found prompt support near its 200 DMA line in recent weeks. Reported very strong Jul, Oct '21, and Jan '22 quarterly results versus the year ago periods. Prior earnings history (A criteria) is not a good match with the fundamental guidelines of the fact-based investment system.
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REI - AMEX - Oil&Gas-U S Expl&Prod Ring Energy Inc	$3.66	+0.17 4.87%	$3.70	$4.16	-12.02%	2,015,812 71.69%	2,812,000
Most Recent Note for REI - 3/23/2022 12:50:44 PM Sputtering since a noted "negative reversal" on 3/08/22 when challenging multi-year highs. Reported Dec '21 quarterly earnings +43% on +90% sales revenues versus the year ago period, its 3rd strong quarterly comparison. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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RWAY - NASDAQ - Finance-Commercial Loans Runway Growth Finance	$14.30	+0.17 1.20%	$14.35	$14.19	0.78%	91,501 87.14%	105,000
Most Recent Note for RWAY - 3/23/2022 12:52:38 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain. This VC firm has a limited history since its 10/21/21 IPO at $14.63 and sub par fundamentals are a concern.
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TCN - NYSE - Real Estate Dvlpmt/Ops Tricon Residential Inc	$16.96	-0.05 -0.30%	$17.23	$17.03	-0.42%	846,885 120.81%	701,000
Most Recent Note for TCN - 3/23/2022 12:53:44 PM Reversed into the red after hitting yet another new 52-week high today following a noted spurt of gains. Reported Dec '21 quarterly earnings +65% on +36% sales revenues versus the year ago period. Prior quarters also showed strong sales and earnings increases over the year ago periods. Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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Y - NYSE - INSURANCE - Surety & Title Insurance Alleghany Corp	$842.30	-0.50 -0.06%	$843.44	$853.21	-1.28%	118,255 119.45%	99,000
Most Recent Note for Y - 3/23/2022 12:55:22 PM Insurance - Property/Casualty/Title firm gapped up on 3/21/22 following M&A news. It has not shown strong and steady earnings growth meeting the fact-based investment system's fundamental guidelines (C and A criteria).
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