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MIDDAY BREAKOUTS REPORT - THURSDAY, JULY 7TH, 2022
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DOW 31280.46 242.78 (0.78%) | NASDAQ 11563.56 201.71 (1.78%) | S&P 500 3890.45 45.37 (1.18%)
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Time of Screening :
7/7/2022 12:09:57 PM Report Released :
7/7/2022 12:35:03 PM Price is:
Above 52W High and Less Than 52W High
but within 15% of the 52 Week High Volume Is:
At least 40% of 50 Day Average at
the time of the screening.
More details about this report...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
Max Buy |
CI
- NYSE
Cigna Corp
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$276.55
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+5.46
2.01%
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$277.30
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874,707 50.50% of 50 DAV
50 DAV is 1,732,000
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$273.58 1.09%
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7/7/2022 |
$276.55
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PP = $273.68 MB = $287.36 |
Most Recent Note - 7/7/2022 12:15:33 PM
Y - Color code is changed to yellow with new pivot point based on its 5/31/22 high plus 10 cents. Hitting new all-time highs with today's gain adding to a big volume-driven gain on the prior session. Rebound above its 50 DMA line ($259) helped its outlook to improve since dropped from the Featured Stocks list on 6/13/22.
>>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2022. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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HRMY
- NASDAQ
Harmony Biosciences Holdings
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$56.48
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+1.56
2.84%
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$57.13
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551,627 107.74% of 50 DAV
50 DAV is 512,000
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$55.60 1.58%
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7/6/2022 |
$54.12
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PP = $52.85 MB = $55.49 |
Most Recent Note - 7/7/2022 12:22:51 PM
Y - Hitting new all-time highs today while on track for a 4th consecutive gain marked by ever-increasing volume. Finished strong after highlighted in yellow in the 7/06/22 mid-day report with pivot point cited based on its 6/27/22 high. Hit a new all-time high with a gain and close above the pivot point backed by +118% above average volume triggering a technical buy signal. Reported strong sales revenues and earnings increases in quarterly comparisons through Mar '22 versus the year ago periods. Annual earnings history is limited. Completed its $24 IPO on 8/19/20. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/6/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IMXI
- NASDAQ
International Money Express
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$22.67
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+0.15
0.67%
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$22.94
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464,561 124.88% of 50 DAV
50 DAV is 372,000
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$22.86 -0.83%
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7/1/2022 |
$21.27
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PP = $21.38 MB = $22.45 |
Most Recent Note - 7/7/2022 12:26:45 PM
G - Hit a new 52-week high and its color code is changed to green while rising above its "max buy" level with today's 5th consecutive volume-driven gain. No resistance remains due to overhead supply. Rebound above the 50 DMA line ($20) helped its outlook improve. Fundamentals through the Mar '22 quarter have been strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/1/2022. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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Symbol - Exchange - Industry Group Company Name |
Last |
Chg |
Day High |
52 WK Hi |
% From Hi |
Volume % DAV |
DAV |
DGICA
- NASDAQ - Insurance-Prop/Cas/Titl
Donegal Group Inc Cl A
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$16.73 |
-0.09 -0.54%
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$16.94
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$17.13
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-2.34% |
41,000 40.20%
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102,000
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Most Recent Note for DGICA - 7/7/2022 12:17:42 PM
Hovering near its 52-week high following volume-driven gains. The 6/27/22 mid-day report last noted - "Reported earnings +48% on +5% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly sales revenues and earnings growth has not been strong and steady. Annual earnings (A criteria) history also has been up and down."
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A N
S L
I M
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FNKO
- NASDAQ - Leisure-Toys/Games/Hobby
Funko Inc Cl A
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$25.70 |
+0.71
2.82%
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$25.93
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$25.51
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0.73% |
596,325 75.87%
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786,000
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Most Recent Note for FNKO - 7/7/2022 12:18:34 PM
Challenging its May 2021 high with recent volume-driven gains. Quarterly comparisons through Mar '22 showed strong earnings increases (C criteria) with great sales revenues growth. Annual earnings (A criteria) history remains a concern after a big downturn in FY '20.
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GIS
- NYSE - FOOD & BEVERAGE - Food - Major Diversified
General Mills Inc
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$75.49 |
-0.19 -0.25%
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$76.19
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$76.19
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-0.92% |
1,793,350 45.76%
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3,919,000
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Most Recent Note for GIS - 7/7/2022 12:19:01 PM
Perched at its all-time high after noted volume-driven gains, but prior mid-day reports cautioned members - "Sub par sales revenues increases and earnings versus year ago quarterly comparisons through May '22 versus the year ago period. Annual earnings growth has been slow and steady for this well-known name in the Food - Packaged industry group. Fundamentals fall short of the C and A criteria of the fact-based investment system."
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GPK
- NYSE - CONSUMER NON-DURABLES - Packaging & Containers
Graphic Packaging Hldg
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$21.24 |
+0.20
0.95%
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$21.38
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$22.99
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-7.61% |
1,344,951 43.80%
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3,071,000
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Most Recent Note for GPK - 7/7/2022 12:21:24 PM
Rebounding above its 50 DMA line ($21.14) helping its technical stance and outlook improve. Reported earnings +87% on +36% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly and annual earnings history is not a great match with the fact-based investment system's fundamental guidelines (C and A criteria).
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IBN
- NYSE - BANKING - Money Center Banks
Icici Bank Ltd Adr
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$19.04 |
+0.56
3.03%
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$19.04
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$22.34
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-14.77% |
3,709,150 43.35%
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8,556,000
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Most Recent Note for IBN - 7/7/2022 12:24:32 PM
This India-based bank's sales revenues and earnings have not shown strong or steady quarterly and annual growth or acceleration.
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MANT
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Mantech International
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$95.40 |
+0.00
0.00%
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$95.55
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$95.98
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-0.60% |
268,029 44.45%
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603,000
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Most Recent Note for MANT - 7/7/2022 12:26:55 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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OBCI
- NASDAQ - CONSUMER NON-DURABLES - Cleaning Products
Ocean Bio Chem Inc
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$12.88 |
-0.01 -0.08%
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$12.89
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$13.40
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-3.88% |
84,309 234.19%
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36,000
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Most Recent Note for OBCI - 7/7/2022 12:27:03 PM
Gapped up on 6/22/22 following M&A news. Fundamental concerns remain. Noted with caution in prior mid-day reports - "Sales revenues growth and earnings history is not a match with the fact-based investment system's fundamental guidelines."
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RBA
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Ritchie Bros Auctioneers
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$65.35 |
-0.37 -0.56%
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$65.87
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$76.18
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-14.22% |
215,444 45.45%
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474,000
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Most Recent Note for RBA - 7/7/2022 12:28:18 PM
Rebounded toward its 52-week high with a recently noted streak of volume-driven gains. The 7/01/22 mid-day report last cautioned members - "Reported earnings +540% on +19% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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RGP
- NASDAQ - Comml Svcs-Consulting
Resources Connection Inc
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$21.02 |
+0.25
1.20%
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$21.34
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$21.62
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-2.78% |
136,445 56.38%
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242,000
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Most Recent Note for RGP - 7/7/2022 12:30:36 PM
Held its ground near its 52-week high after a noted "negative reversal" on 6/28/22. Feb '22 quarterly earnings rose +364% on +31% sales revenues versus the year ago period, its 3rd strong quarter after a considerable stretch of negative comparisons.
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RUSHB
- NASDAQ - SPECIALTY RETAIL - Auto Dealerships
Rush Enterprises Cl B
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$53.40 |
+1.65
3.19%
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$53.43
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$58.01
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-7.95% |
17,052 48.72%
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35,000
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Most Recent Note for RUSHB - 7/7/2022 12:31:30 PM
Consolidating above its 50 and 200 DMA lines, holding its ground within striking distance of its 52-week high. Reported earnings +81% on +27% sales revenues for the Mar '22 quarter versus the year ago period. Prior comparisons were above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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SLP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Simulations Plus Inc
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$55.56 |
+4.28
8.35%
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$55.56
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$57.96
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-4.14% |
135,568 123.24%
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110,000
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Most Recent Note for SLP - 7/7/2022 12:34:43 PM
Challenging its 52-week high with today's 6th consecutive volume-driven gain, however, it faces resistance due to overhead supply up to the $90 level. Reported earnings +11% on +17% sales revenues for the May '22 quarter versus the year-ago period and fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Quarterly sales revenues totals have been in the $9-15 million range, growing, but still rather minuscule for publicly traded companies. Has a new CEO effective 6/26/18.
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USAK
- NASDAQ - TRANSPORTATION - Trucking
U S A Truck Inc
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$31.10 |
-0.30 -0.96%
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$31.40
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$31.67
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-1.80% |
106,892 42.42%
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252,000
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Most Recent Note for USAK - 7/7/2022 12:34:57 PM
Holding its ground after a gap up on 6/24/22 M&A news. Recent quarterly comparisons through Mar '22 were strong but its prior earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
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