Mid-Day Breakouts Report - Thursday, June 2nd, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, JUNE 2ND, 2022
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DOW 32887.27 74.04 (0.23%) | NASDAQ 12164.3 169.84 (1.42%) | S&P 500 4128.89 27.66 (0.67%)

Time of Screening : 6/2/2022 12:15:54 PM Report Released : 6/2/2022 12:59:15 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
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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
AIR - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense Products & Services A A R Corp	$50.30	+1.74 3.58%	$50.83	$52.00	-3.27%	339,273 92.19%	368,000
Most Recent Note for AIR - 6/2/2022 12:18:36 PM Rebounding near its all-time high with today's gap up and volume-driven gain. Prior mid-day reports cautioned members - "The past 4 quarterly comparisons through Feb '22 showed earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 and '21."
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AMPH - NASDAQ - Medical-Biomed/Biotech Amphastar Pharmaceuticals	$38.21	+0.55 1.46%	$38.37	$44.46	-14.06%	367,330 74.21%	495,000
Most Recent Note for AMPH - 6/2/2022 12:21:17 PM Faces resistance due to overhead supply up to the $44 level. Consolidating after rebounding above its 50 DMA line ($38.61) with recent volume-driven gains. Quarterly comparisons through Mar '22 versus the year ago periods have been strong and well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been improving after a downturn in FY '17 and '18 which raised fundamental concerns.
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ARIS - NYSE - Pollution Control Aris Water Solutions Cl A	$20.28	-0.47 -2.27%	$21.31	$22.00	-7.82%	234,340 82.51%	284,000
Most Recent Note for ARIS - 6/2/2022 12:22:51 PM Hovering near its 52-week high following recently noted volume-driven gains. The 5/31/22 mid-day report noted - "Limited history is a concern after its $13 IPO on 10/22/21. Had a loss of 16 cents per share in FY '21.
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$5.82	+0.25 4.49%	$5.85	$6.40	-9.06%	27,069,499 116.38%	23,260,000
Most Recent Note for AUY - 6/2/2022 12:23:51 PM Rose above its 50 DMA line ($5.54) with volume-driven gains following M&A news. Reported earnings +29% on +5% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline for buy candidates (C criteria). Prior sales revenues and earnings history is not a match with the fact-based investment system's fundamental guidelines.
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CCI - NYSE - TELECOMMUNICATIONS - Diversified Communication Serv Crown Castle Intl Corp	$185.81	-2.28 -1.21%	$186.23	$209.87	-11.46%	1,330,765 84.44%	1,576,000
Most Recent Note for CCI - 6/2/2022 12:25:32 PM Fundamental concerns remain since last noted with caution in the 2/27/20 mid-day report - "This REIT's quarterly and annual earnings (C and A criteria) history is not a match with the fact-based system's guidelines."
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CPE - NYSE - ENERGY - Independent Oil & Gas Callon Petroleum Co	$58.20	-4.27 -6.83%	$58.78	$66.48	-12.46%	4,306,718 235.08%	1,832,000
Most Recent Note for CPE - 6/2/2022 12:29:21 PM Gapped down today after challenging its 52-week high since recently rebounding from below its 50 and 200 DMA lines. Reported earnings +130% on +116% sales revenues for the Mar '22 quarter versus the year ago period, its 4th strong quarterly comparison. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines. Shares split 1/10 in Aug '20. Completed new Public Offerings in Jun '18, Dec, Sep, Apr, and Mar '16, Nov and Mar '15, and Sep '14.
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CPG - NYSE - Oil&Gas-Cdn Expl&Prod Crescent Point Energy	$9.54	+0.56 6.18%	$9.62	$9.16	4.09%	7,603,483 73.77%	10,307,000
Most Recent Note for CPG - 6/2/2022 12:30:02 PM Hitting yet another new 52-week high with today's 8th consecutive gain. Reported very strong sales revenues and earnings increases in recent quarterly comparisons through Mar '22 versus the year ago periods. Fundamental concerns remain for this low-priced Canadian Oil & Gas firm due to its erratic annual earnings (A criteria) history.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$23.70	+0.62 2.69%	$23.91	$25.63	-7.53%	180,195 111.92%	161,000
Most Recent Note for DGII - 6/2/2022 12:33:18 PM Rebounding near previously stubborn resistance in the $25 area. Earnings rose +52% on +23% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history included a downturn in FY '17-18.
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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$8.48	+0.33 4.05%	$8.54	$8.23	3.04%	951,485 66.12%	1,439,000
Most Recent Note for EGY - 6/2/2022 12:36:46 PM Hitting a new 52-week high with today's 6th consecutive gain, rising from a 6-week consolidation that included a dip below its 50 DMA line ($6.84) For the Mar '22 quarter it reported earnings +140% on +73%s sales revenues versus the year ago period. 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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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$5.65	+0.24 4.34%	$5.65	$5.92	-4.56%	84,368 175.77%	48,000
Most Recent Note for ELA - 6/2/2022 12:37:49 PM Reported strong Mar '22 quarterly results versus the year ago period. Went through a deep consolidation from its high since noted with caution in the 2/01/21 mid-day report - "Prior earnings history has been erratic and not a match with the fact-based investment system's fundamental guidelines."
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EZPW - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ezcorp Inc Cl A	$7.98	+0.20 2.57%	$8.06	$8.80	-9.32%	257,999 72.88%	354,000
Most Recent Note for EZPW - 6/2/2022 12:39:26 PM Consolidating within striking distance of multi-year highs since noted with caution in the 5/05/22 mid-day report - "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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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$30.49	+2.61 9.36%	$30.63	$32.77	-6.96%	1,194,166 208.41%	573,000
Most Recent Note for FLNG - 6/2/2022 12:41:38 PM Posting a big volume-driven gain today/ Found support recently near prior highs in the $25-26 area and its 50 DMA line. Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period. Recent quarterly comparisons had shown strong sales and earnings increases versus the year ago periods. The big downturn in FY '20 annual earnings (A criteria) is a fundamental flaw with respect to the strict guidelines of the fact-based investment system.
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FVCB - NASDAQ - Banks-Southeast FVC Bancorp Inc	$20.64	-0.16 -0.75%	$20.85	$21.90	-5.78%	25,040 69.56%	36,000
Most Recent Note for FVCB - 6/2/2022 12:43:01 PM 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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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$3.10	+0.12 3.86%	$3.10	$3.17	-2.37%	284,336 139.38%	204,000
Most Recent Note for GASS - 6/2/2022 12:44:49 PM On track today for a 6th consecutive volume-driven gain, approaching multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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MGY - NYSE - Oil&Gas-U S Expl&Prod Magnolia O&G Corp Cl A	$27.02	-1.32 -4.66%	$27.24	$29.15	-7.31%	4,275,758 267.23%	1,600,000
Most Recent Note for MGY - 6/2/2022 12:47:24 PM Pulling back from its 52-week high after proposing a new Public Offering. For the Mar '22 quarter it reported earnings +137% on +81% sales revenues versus the year ago period, and recent quarterly comparisons were strong. Erratic annual earnings (A criteria) history is a concern.
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OFG - NYSE - BANKING - Money Center Banks O F G Bancorp	$29.01	+0.77 2.73%	$29.09	$30.93	-6.21%	269,223 91.88%	293,000
Most Recent Note for OFG - 6/2/2022 12:49:11 PM Rebounding toward its 52- week high with today's volume-driven gain. Reported earnings +36% on +2% sales revenues for the quarter ended March 31, 2022 versus the year ago period. Prior quarterly comparisons have shown strong earnings above the +25% minimum earnings guideline (C criteria) but also with sub par sales revenues growth. Up and down annual earnings history raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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PCSB - NASDAQ - Banks-Northeast P C S B Financial Corp	$19.62	-0.03 -0.15%	$19.75	$19.95	-1.65%	118,245 161.98%	73,000
Most Recent Note for PCSB - 6/2/2022 12:49:51 PM Gapped up above its 50 and 200 DMA lines on 5/24/22 following M&A news with Brookline Bancorp Inc (BRKL). Reported earnings +20% on +4% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain for this small NY-based Bank holding company.
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SBLK - NASDAQ - TRANSPORTATION - Shipping Star Bulk Carriers Corp	$31.71	+0.06 0.19%	$31.99	$33.99	-6.71%	1,663,562 65.21%	2,551,000
Most Recent Note for SBLK - 6/2/2022 12:52:08 PM Churned above average volume recently while inching to new 52-week highs. Found support near its 50 DMA line ($28.43) in recent weeks but did not form a sound base pattern. Reported Mar '22 quarterly earnings +378% on +80% sales revenues versus the year ago period, its 5th very strong quarterly comparison. Annual earnings history (A criteria) has been erratic, leaving fundamental concerns.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$53.81	+2.11 4.08%	$54.05	$58.34	-7.76%	296,801 73.28%	405,000
Most Recent Note for SMCI - 6/2/2022 12:54:23 PM Found support near prior highs in the $47 area when consolidating after gapping up on 5/04/22 hitting a new all-time high. Prior mid-day reports noted - "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	$78.07	+3.09 4.12%	$78.19	$77.50	0.74%	133,745 234.64%	57,000
Most Recent Note for SNEX - 6/2/2022 12:56:23 PM Big volume-driven gain today hitting a new all-time high. Found support recently at its 200 DMA line. Last noted in the 5/05/22 mid-day report - "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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UNVR - NYSE - Chemicals-Specialty Univar Solutions Inc	$31.24	+0.62 2.01%	$31.37	$34.00	-8.13%	1,025,876 85.35%	1,202,000
Most Recent Note for UNVR - 6/2/2022 12:58:06 PM Perched within striking distance of multi-year highs after recently rebounding above its 50 DMA line ($30.37). Quarterly comparisons in Jun, Sep, Dec '21, and Mar '22 showed greatly improved sales revenues and earnings versus the year ago periods. Its annual earnings (A criteria) history is not a match with the winning models of the fact-based investment system.
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WF - NYSE - Banks-Foreign Woori Finance Hldgs Ads	$35.94	-0.31 -0.86%	$35.94	$39.71	-9.49%	26,232 70.90%	37,000
Most Recent Note for WF - 6/2/2022 12:59:02 PM Found support at its 200 DMA line but remains below its 50 DMA line ($36.73) which has acted as resistance. This Korean Bank holding company reported earnings increases in recent quarterly comparisons through Mar '22 well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have not been strong and steady.
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