Mid-Day Breakouts Report - Thursday, May 12th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 12TH, 2022
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DOW 31491.08 -343.03 (-1.08%) | NASDAQ 11288.64 -75.59 (-0.67%) | S&P 500 3895.79 -39.39 (-1.00%)

Time of Screening : 5/12/2022 12:16:03 PM Report Released : 5/12/2022 12:49:07 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
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$148.04	-13.26 -8.22%	$149.89	$167.19	-11.45%	2,957,887 224.93%	1,315,000
Most Recent Note for ABC - 5/12/2022 12:17:49 PM Gapped down today violating its 50 DMA line ($155) with a big volume-driven loss. Reported earnings +27% on +17% sales revenues for the Mar '22 quarter versus the year ago period. Prior earnings were not strong and steady above the +25% minimum (C criteria). Its annual earnings (A criteria) growth has been slow and steady.
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$61.20	-0.23 -0.37%	$61.60	$71.70	-14.64%	5,158,122 69.43%	7,429,000
Most Recent Note for AZN - 5/12/2022 12:19:22 PM Slumping near its 200 DMA line today after volume-driven losses. The 5/11/22 mid-day report noted - "Showed very strong sales revenues and earnings increases in the Dec '21 and Mar '22 quarters versus the year ago periods. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system."
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CPSS - NASDAQ - FINANCIAL SERVICES - Credit Services Consumer Portfolio Svcs	$13.69	-0.77 -5.33%	$14.45	$15.47	-11.51%	100,302 72.68%	138,000
Most Recent Note for CPSS - 5/12/2022 12:20:42 PM Stalled after hitting a new 52-week high with a 6th consecutive volume-driven gain when last noted with caution in the 5/10/22 mid-day report - "Quarterly earnings increases were strong in Dec '21 and Mar '22 versus year ago periods. Prior history is not a match with the fact-based investment system's guidelines (A criteria)."
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$25.65	+0.92 3.71%	$25.66	$27.52	-6.81%	171,611 165.01%	104,000
Most Recent Note for DMLP - 5/12/2022 12:22:18 PM Recently hovering near multi-year highs, finding support near its 50 DMA line ($25.25) with today's volume-driven gain. Prior mid-day reports noted - "Fundamental concerns remain. The Mar, Jun, Sep, and Dec '21 quarterly sales and earnings increases improved greatly over the year ago periods. However, its annual earnings history (A criteria) has been up and down."
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DOX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Amdocs Limited	$81.99	+5.02 6.52%	$82.23	$84.39	-2.85%	595,412 96.34%	618,000
Most Recent Note for DOX - 5/12/2022 12:24:26 PM Rebounding above its 50 DMA line ($81.13) toward its 52-week high with today's big gain. Fundamental concerns remain. Quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and they have been backed by sub par sales revenues growth.
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GOGL - NASDAQ - Transportation-Ship Golden Ocean Group LTD	$13.02	-0.58 -4.27%	$13.66	$14.27	-8.77%	2,866,908 73.74%	3,888,000
Most Recent Note for GOGL - 5/12/2022 12:31:38 PM Perched within striking distance from its 52-week high. Its 50 DMA line ($12.37) defines important near-term support. Prior mid-day reports noted - "Recent quarterly comparisons through Dec '21 showed greatly improved sales revenues and earnings versus the year ago periods. Prior earnings history has been erratic, not a match with the fact-based investment system's fundamental guidelines."
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ICL - NYSE - Chemicals-Agricultural I C L Group Ltd	$11.13	-0.20 -1.77%	$11.32	$12.96	-14.12%	947,720 68.33%	1,387,000
Most Recent Note for ICL - 5/12/2022 12:32:41 PM It has not formed a sound base but rebounded near its 50 DMA line ($11.53). Recent quarterly comparisons through Mar '22 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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LECO - NASDAQ - MANUFACTURING - Machine Tools & Accessories Lincoln Electric Hldgs	$131.51	-2.36 -1.76%	$134.92	$148.55	-11.47%	230,868 73.76%	313,000
Most Recent Note for LECO - 5/12/2022 12:35:39 PM Sales revenues and earnings (C criteria) increases in quarterly comparisons through Mar '22 versus year ago periods have been strong. Downward turn in FY '19 and '20 earnings is a flaw concerning the annual earnings history (A criteria).
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MCK - NYSE - WHOLESALE - Drugs Wholesale Mckesson Corp	$320.70	-11.39 -3.43%	$327.05	$335.60	-4.44%	801,110 61.96%	1,293,000
Most Recent Note for MCK - 5/12/2022 12:36:42 PM Gapped down today retreating from near its all-time high. Recently consolidating above its 50 DMA line ($308.62), extended from any sound base. Reported earnings +15% on +12% sales revenues for the Mar '22 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). It has a steady annual earnings (A criteria) history.
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OCSL - NASDAQ - Finance-Investment Mgmt Oaktree Specialty Lending	$6.98	-0.04 -0.57%	$7.06	$7.81	-10.63%	625,267 63.87%	979,000
Most Recent Note for OCSL - 5/12/2022 12:40:00 PM Sales revenues and earnings (C criteria) increases were strong in quarterly comparisons for Dec '21 and Mar '22 versus year ago periods. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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PNNT - NASDAQ - Finance-Investment Mgmt Pennantpark Investment	$6.90	-0.20 -2.82%	$7.04	$0.00	-10.63%	190,394 58.76%	324,000
Most Recent Note for PNNT - 5/12/2022 12:41:07 PM Slumping below its 200 DMA line ($7.05) with today's loss. Reported strong Sep, Dec '21, and Mar '22 quarterly results versus the year ago periods. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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RLI - NYSE - INSURANCE - Property & Casualty Insurance R L I Corp	$114.22	-1.54 -1.33%	$116.75	$119.74	-4.61%	95,398 59.62%	160,000
Most Recent Note for RLI - 5/12/2022 12:44:15 PM Reported Mar '22 quarterly earnings +84% on -8% sales revenues versus the year ago period. Annual earnings (A criteria) had a downturn in FY '18.
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SCSC - NASDAQ - WHOLESALE - Computers Wholesale Scansource Inc	$36.60	+1.29 3.66%	$37.92	$40.83	-10.35%	82,056 73.92%	111,000
Most Recent Note for SCSC - 5/12/2022 12:45:35 PM Posting a 2nd consecutive big gain today rallying toward its 52-week high. The prior mid-day report noted - "Recent quarterly comparisons through Mar '22 showed strong earnings increases above the +25% minimum (C criteria). A big downturn in FY '20 earnings is a flaw with respect to the A criteria of the investment system.
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SU - NYSE - ENERGY - Oil & Gas Refining & Marketing Suncor Energy Inc	$34.56	-1.05 -2.94%	$35.65	$37.93	-8.90%	4,889,076 60.58%	8,071,000
Most Recent Note for SU - 5/12/2022 12:46:41 PM Found support at its 50 DMA line ($33.21) while enduring recent distributional pressure. Reported earnings +292% on +56% sales revenues for the Mar '22 quarter versus the year ago period. Fundamental concerns remain. Prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) have been up and down."
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VNOM - NASDAQ - Oil&Gas-U S Expl&Prod Viper Energy Partners Lp	$28.02	+0.22 0.79%	$28.44	$32.35	-13.38%	363,345 69.47%	523,000
Most Recent Note for VNOM - 5/12/2022 12:47:48 PM This Oil & Gas - US Exploration & Production LP has been slumping below its 50 DMA line ($29.82). Quarterly comparisons through Mar '22 showed strong sales revenues and earnings increases versus year ago periods. Annual earnings (A criteria) history has been sub par. Since its $26 IPO in June 2014 it completed additional new Public Offerings in Sep '14, Jul '16, Jan '17, Jul '17, and Jul '18.
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WLKP - NYSE - Chemicals-Basic Westlake Chemical Partners	$26.12	-0.40 -1.51%	$26.40	$29.40	-11.16%	39,124 60.19%	65,000
Most Recent Note for WLKP - 5/12/2022 12:48:59 PM Slumped after a "negative reversal" at its 52-week high and volume-driven losses have been testing its 200 DMA line. Prior mid-day reports noted - "Reported strong Dec '21 quarterly results versus the year ago period but fundamental concerns remain. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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