Mid-Day Breakouts Report - Thursday, May 5th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 5TH, 2022
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DOW 32922.65 -1138.41 (-3.34%) | NASDAQ 12383.31 -581.55 (-4.49%) | S&P 500 4157.33 -142.84 (-3.32%)

Time of Screening : 5/5/2022 12:10:26 PM Report Released : 5/5/2022 12:52:17 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
WCC - NYSE Wesco International Inc	$138.08	+5.52 4.16%	$144.43	727,487 167.24% of 50 DAV 50 DAV is 435,000	$140.92 -2.02%	4/21/2022	$135.54	PP = $139.10 MB = $146.06
Most Recent Note - 5/5/2022 12:50:17 PM Y - Gapped up today and hit a new all-time high, rising above prior highs in the $136 area that had acted as stubborn resistance in recent weeks. A strong close above the pivot point may help to clinch a convincing technical buy signal. New buying efforts may only be considered after a solid follow-through day confirms a new market uptrend (M criteria). Rebounded well above its 50 and 200 DMA lines with this week's gains. Bullish action came after it reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. >>> The latest Featured Stock Update with an annotated graph appeared on 4/21/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ARW - NYSE - WHOLESALE - Electronics Wholesale Arrow Electronics Inc	$125.13	+0.48 0.39%	$127.53	$137.95	-9.29%	318,950 57.89%	551,000
Most Recent Note for ARW - 5/5/2022 12:13:33 PM Reported earnings +91% for the quarter ended Dec 31, 2021 versus the year ago period, its 6th strong quarterly comparison. Up and down annual earnings (A criteria) growth is fundamentally below guidelines of the fact-based investment system.
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AVT - NYSE - WHOLESALE - Electronics Wholesale Avnet Inc	$46.81	+0.02 0.04%	$47.28	$45.67	2.50%	453,099 66.05%	686,000
Most Recent Note for AVT - 5/5/2022 12:14:18 PM Hitting new 52-week highs with this week's volume-driven gains. Prior mid-day reports noted - "Rebounded above its 50 and 200 DMA lines with impressive volume-driven gains last week. Quarterly sales revenues and earnings increases through the Mar '22 period have been up well above +25% or more versus the year ago period (C criteria). Annual earnings (A criteria) history has been up and down."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$77.21	+2.30 3.07%	$81.00	$86.82	-11.07%	35,304 72.05%	49,000
Most Recent Note for BBSI - 5/5/2022 12:17:17 PM Gapped up today and rose above its March 2022 high nearly challenging its 52-week high. Reported improved earnings in the Dec '21 and Mar '22 quarters versus the year ago periods but fundamental concerns remain. Its annual earnings (A criteria) history has not been strong and steady.
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DTM - NYSE - Oil&Gas-Transprt/Pipelne DT Midstream Inc	$55.28	-3.04 -5.21%	$57.17	$59.36	-6.87%	422,105 57.74%	731,000
Most Recent Note for DTM - 5/5/2022 12:18:22 PM Near its 50 DMA line, abruptly pulling back today after it rebounded near its 52-week high. Quarterly earnings increases through Mar '22 have not been a match with the fact-based investment system's fundamental guidelines.
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EWCZ - NASDAQ - Cosmetics/Personal Care European Wax Center Cl A	$28.15	+0.53 1.90%	$31.25	$31.01	-9.24%	713,532 182.02%	392,000
Most Recent Note for EWCZ - 5/5/2022 12:20:44 PM Hit a new 52-week high with today's early gain. Reported Mar '22 quarterly earnings +475% on +24% sales revenues versus the year ago period. Limited history remains a concern. Completed its $17.00 IPO on 8/05/21.
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EZPW - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ezcorp Inc Cl A	$7.54	+0.36 5.01%	$8.24	$8.80	-14.32%	356,257 100.07%	356,000
Most Recent Note for EZPW - 5/5/2022 12:22:38 PM Gapped up today challenging multi-year highs. Reported earnings +29% on +17% sales revenues for the Mar '22 quarter 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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FVCB - NASDAQ - Banks-Southeast FVC Bancorp Inc	$20.61	-0.33 -1.55%	$20.88	$21.90	-5.91%	29,946 99.82%	30,000
Most Recent Note for FVCB - 5/5/2022 12:22:53 PM Consolidating and holding its ground since a gap up on 7/15/21 following M&A news. Prior mid-day reports noted - "Sub par earnings and sales revenues growth history for this thinly traded Bank."
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$97.66	+2.17 2.27%	$102.88	$97.61	0.05%	189,931 165.16%	115,000
Most Recent Note for MGPI - 5/5/2022 12:28:21 PM After a tight 4-week consolidation it hit new 52-week and all-time highs with today's 3rd consecutive gain backed by ever-increasing volume. Reported earnings +66% on 80% sales revenues for the Mar '22 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases.
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PSB - NYSE - REAL ESTATE - REIT - Diversified/Industrial P S Business Parks Inc	$187.28	-1.21 -0.64%	$187.85	$189.83	-1.34%	157,560 72.28%	218,000
Most Recent Note for PSB - 5/5/2022 12:29:56 PM Gapped up on 4/25/22 following M&A news. Fundamental concerns remain. Noted with caution in prior mid-day reports - "This REIT's quarterly and annual earnings history (C & A criteria) is not a match with the investment system's guidelines."
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors Quanta Services Inc	$120.95	-0.33 -0.27%	$125.72	$140.04	-13.63%	1,010,864 64.59%	1,565,000
Most Recent Note for PWR - 5/5/2022 12:32:51 PM Retreated from its all-time high and it has been sputtering below its 50 DMA line since last noted with caution in the 4/21/22 mid-day report. Reported Mar '22 quarterly earnings +65% versus the year ago period. Fundamental concerns remain. Prior quarterly sales revenues and earnings history (C criteria) is not a match with the fact-based system's fundamental guidelines.
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$252.37	-0.41 -0.16%	$259.86	$260.00	-2.93%	1,449,206 58.67%	2,470,000
Most Recent Note for PXD - 5/5/2022 12:36:03 PM Challenging its 52-week high with today's 4th consecutive gain after recently sputtering below its 50 DMA line ($243). Reported Mar '22 quarterly earnings +337% versus the year ago period. Completed a Secondary Offering on 5/12/21. Fundamental concerns remain. Annual earnings (A criteria) history had a downturn in FY '20, not a match with the fact-based investment system's guidelines.
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized Silicon Motion Tech Ads	$96.15	+14.95 18.41%	$98.65	$96.89	-0.76%	3,606,489 518.92%	695,000
Most Recent Note for SIMO - 5/5/2022 12:37:37 PM Taiwan-based Data Storage firm gapped up today and hit a new 52-week high. Reported earnings +55% for the Mar '22 quarter versus the year ago period, marking its 5th consecutive strong quarterly comparison above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) was previously noted as a flaw with respect to the fundamental guidelines of the fact-based investment system.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$54.41	-2.31 -4.07%	$58.34	$47.99	13.38%	299,300 94.12%	318,000
Most Recent Note for SMCI - 5/5/2022 12:39:56 PM Gapped up and hit new 52-week and all-time highs on the prior session. Bullish action came after it reported earnings +210% on +81% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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SNEX - NASDAQ - Finance-Invest Bnk/Bkrs StoneX Group Inc	$76.54	+6.11 8.68%	$77.00	$77.50	-1.24%	69,399 102.06%	68,000
Most Recent Note for SNEX - 5/5/2022 12:42:18 PM Gapped up today rebounding above its 50 DMA line ($73) and challenging its 52-week and all-time highs. Found support recently at its 200 DMA line. Reported Mar '22 quarterly earnings +16% on +46% sales revenues versus the year ago period. It has earned high Earnings Per Share and Relative Strength ranks, however, its quarterly and annual earnings history (C and A criteria) is not a great match with the fact-based investment system's fundamental guidelines.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$81.30	+1.01 1.26%	$83.76	$90.87	-10.53%	1,671,487 94.76%	1,764,000
Most Recent Note for SQM - 5/5/2022 12:44:21 PM The Chile-based firm rebounded above its 50 DMA line with this week's gains back toward its all-time high. This high-ranked leader in the strong Chemicals - Agricultural group's annual earnings history (A criteria) has been erratic in recent years, below the guidelines of the fact-based investment system.
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WLK - NYSE - CHEMICALS - Specialty Chemicals Westlake Chemical Corp	$137.16	-3.17 -2.26%	$141.19	$135.47	1.25%	446,474 62.18%	718,000
Most Recent Note for WLK - 5/5/2022 12:51:55 PM Found support near its 50 DMA line ($121.57) and rallied to new highs with recent volume-driven gains. Reported strong sales revenues and earnings increases in quarterly comparisons through Mar '22 versus the year ago periods. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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Y - NYSE - INSURANCE - Surety & Title Insurance Alleghany Corp	$834.99	-1.02 -0.12%	$835.90	$862.87	-3.23%	96,787 58.31%	166,000
Most Recent Note for Y - 5/5/2022 12:52:13 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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