Mid-Day Breakouts Report - Wednesday, May 18th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, MAY 18TH, 2022
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DOW 31859.61 -794.98 (-2.43%) | NASDAQ 11592.08 -392.45 (-3.27%) | S&P 500 3973.74 -115.11 (-2.82%)

Time of Screening : 5/18/2022 12:16:43 PM Report Released : 5/18/2022 12:35:52 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
IMKTA - NASDAQ Ingles Markets Inc Cl A	$87.27	-4.41 -4.81%	$90.41	79,473 67.93% of 50 DAV 50 DAV is 117,000	$101.98 -14.42%	4/11/2022	$96.25	PP = $95.75 MB = $100.54
Most Recent Note - 5/18/2022 12:24:23 PM G - Slumping further below its 50 DMA line ($93.04) with today's 6th consecutive loss also violating the prior low ($90.53 on 5/05/22) raising concerns and triggering a more worrisome technical sell signal. Reported Mar '22 quarterly earnings +40% on +16% sales revenues versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 5/4/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$34.30	-0.04 -0.12%	$35.20	$39.15	-12.39%	2,456,252 58.34%	4,210,000
Most Recent Note for EQNR - 5/18/2022 12:18:56 PM Sputtering below its 50 DMA line in recent weeks. Recent quarterly comparisons through Mar '22 showed strong sales revenues and earnings increases over the year ago period. Annual earnings history has been erratic.
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GFF - NYSE - MATERIALS & CONSTRUCTION - General Building Materials Griffon Corporation	$30.76	-0.39 -1.25%	$31.70	$30.65	0.36%	342,917 67.64%	507,000
Most Recent Note for GFF - 5/18/2022 12:20:25 PM Hit another new high today adding to the considerable gap up and volume-driven gains this week. Prior mid-day reports noted - "Completed a new Public Offering on 8/17/20. Reported Mar '22 quarterly earnings +191% on +36% sales revenues versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria) with sub par sales revenues growth. Annual earnings (A criteria) growth has been strong and steady.
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GOGL - NASDAQ - Transportation-Ship Golden Ocean Group LTD	$14.78	-0.48 -3.15%	$15.29	$14.86	-0.54%	2,305,767 59.05%	3,905,000
Most Recent Note for GOGL - 5/18/2022 12:21:26 PM Pulling back today after hitting new 52-week highs with 3 consecutive gains. Its 50 DMA line ($12.62) 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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IIIN - NASDAQ - METALS & MINING - Steel & Iron Insteel Industries Inc	$43.92	+0.81 1.88%	$45.56	$47.70	-7.92%	63,271 60.84%	104,000
Most Recent Note for IIIN - 5/18/2022 12:22:43 PM Consolidating above its 50 DMA line ($39.95) after pulling back from its all-time high. Reported earnings +152% on +53% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were well above the +25% minimum guideline (C criteria). This Mount Airy, NC-based maker of steel wire reinforcements and prestressed concrete strands has an erratic annual earnings (A criteria) history that is not a good match with the fact-based investment system's guidelines.
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MANT - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Mantech International	$94.23	-0.02 -0.02%	$94.40	$94.73	-0.53%	810,024 198.54%	408,000
Most Recent Note for MANT - 5/18/2022 12:24:36 PM Gapped up on 5/16/22 following M&A news with The Carlyle Group Inc (CG). Reported Mar '22 earnings +1% on +7% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been steady.
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MUSA - NYSE - WHOLESALE - Basic Materials Wholesale Murphy USA Inc	$240.70	-21.00 -8.02%	$255.70	$259.86	-7.38%	216,492 67.87%	319,000
Most Recent Note for MUSA - 5/18/2022 12:26:00 PM Abruptly retreating from its all-time high with today's gap down and considerable loss after a 6 session streak of gains. Reported earnings +202% on +45% sales revenues for the Mar '22 quarter versus the year ago period, its 3rd strong quarterly comparison. Fundamental concerns remain as its prior quarterly and annual earnings (C and A criteria) history is not a great match with the fact-based investment system's guidelines."
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NWPX - NASDAQ - METALS & MINING - Steel & Iron Northwest Pipe Company	$31.22	+0.63 2.04%	$32.14	$34.52	-9.57%	67,076 111.79%	60,000
Most Recent Note for NWPX - 5/18/2022 12:27:31 PM Reported strong Mar '22 quarterly results but fundamental concerns remain. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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OTTR - NASDAQ - UTILITIES - Electric Utilities Otter Tail Corp	$65.56	+1.92 3.02%	$66.72	$71.89	-8.81%	79,255 62.41%	127,000
Most Recent Note for OTTR - 5/18/2022 12:30:35 PM Rebounding toward its 52-week high, it faces resistance due to overhead supply up to the $71 level. Recently found support near its 200 DMA line. Quarterly earnings and sales revenues increases in comparisons through Mar '22 have been well above the +25% minimum guideline (C criteria). Annual earnings history has been steady.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$5.82	-0.03 -0.51%	$6.10	$6.20	-6.13%	266,107 58.87%	452,000
Most Recent Note for PANL - 5/18/2022 12:31:01 PM Rallying for a 4th consecutive gain today challenging its 52-week high. Reported Mar '22 quarterly earnings +289% on +53% sales revenues versus the year ago period, its 5th very strong comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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RTLR - NASDAQ - Oil&Gas-Transprt/Pipelne Rattler Midstream LP	$14.38	-0.35 -2.38%	$14.88	$15.19	-5.33%	444,998 86.91%	512,000
Most Recent Note for RTLR - 5/18/2022 12:31:39 PM Gapped up on 5/16/22 following M&A news with Diamondback Energy Inc (FANG) hitting a new 52-week high with a considerable volume-driven gain. Noted in prior mid-day reports with caution - "Erratic earnings history for this Oil & Gas LP firm is not a match with the fundamental guidelines of the fact-based investment system."
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$58.86	+0.32 0.55%	$59.72	$58.68	0.31%	3,655,454 76.28%	4,792,000
Most Recent Note for SHEL - 5/18/2022 12:32:35 PM Found support near its 50 DMA line ($54.88) during recent consolidations, and today's 4th consecutive small gain has it inching to a new 52-week high. Past 3 quarterly comparisons through Mar '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$90.13	+0.29 0.32%	$93.14	$90.87	-0.81%	1,216,849 69.73%	1,745,000
Most Recent Note for SQM - 5/18/2022 12:33:23 PM The Chile-based firm rebounded above its 50 DMA line and today's gain has it hitting a new all-time high. Recent quarterly comparisons have been strong and it is due to announce Mar '22 quarterly results. 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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WF - NYSE - Banks-Foreign Woori Finance Hldgs Ads	$34.80	-2.17 -5.87%	$35.60	$39.71	-12.36%	28,398 91.61%	31,000
Most Recent Note for WF - 5/18/2022 12:34:44 PM Reported earnings increases in recent quarterly comparisons through Mar '22 above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have not been strong and steady.
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