Mid-Day Breakouts Report - Thursday, August 4th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 4TH, 2022
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DOW 32752.06 -60.44 (-0.18%) | NASDAQ 12643.23 -24.93 (-0.20%) | S&P 500 4144.35 -10.82 (-0.26%)

Time of Screening : 8/4/2022 12:07:24 PM Report Released : 8/4/2022 1:20:49 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
CI - NYSE Cigna Corp	$281.00	+9.26 3.41%	$284.46	1,658,097 84.42% of 50 DAV 50 DAV is 1,964,000	$282.33 -0.47%	7/7/2022	$276.55	PP = $273.68 MB = $287.36
Most Recent Note - 8/4/2022 12:20:33 PM Y - Gapped up today for a gain hitting a new all-time high, however it is still below its "max buy" level. Reported earnings news for the Jun '22 quarter +19% on +5% sales revenues versus the year ago period, breaking a streak of 3 quarterly earnings increases above the +25% minimum guideline (C criteria). Volume and volatility often increase near earnings news. Near-term support to watch is at its 50 DMA line ($265.69). >>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2022. Click here.
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CLFD - NASDAQ Clearfield Inc	$104.52	+1.50 1.46%	$108.93	244,841 129.55% of 50 DAV 50 DAV is 189,000	$105.36 -0.80%	7/29/2022	$94.10	PP = $86.81 MB = $91.15
Most Recent Note - 8/4/2022 12:20:59 PM G - Powering further into new high territory today with yet another gain backed by above average volume, rallying well above its "max buy" level. Prior high in the $86 area defines initial support to watch on pullbacks. Fundamentals remain strong after it reported Jun '22 quarterly earnings +109% on +84% sales revenues above the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 7/29/2022. Click here.
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LLY - NYSE Lilly Eli & Co	$305.82	-8.01 -2.55%	$310.25	2,210,102 76.87% of 50 DAV 50 DAV is 2,875,000	$335.33 -8.80%	5/16/2022	$302.46	PP = $314.10 MB = $329.81
Most Recent Note - 8/4/2022 1:00:48 PM G - Color code is changed to green while today's 5th consecutive loss is clearly violating its 50 DMA line ($316.24) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAWW - NASDAQ - TRANSPORTATION - Air Services, Other Atlas Air Worldwide Hldg	$99.65	+2.87 2.96%	$99.90	$97.13	2.59%	5,045,415 891.42%	566,000
Most Recent Note for AAWW - 8/4/2022 12:09:53 PM Perched at its all-time high today following M&A news and 7 consecutive gains backed by ever-increasing volume. Due to report Jun '22 quarterly results on 8/05/22. Reported Mar '22 quarterly earnings +22% on +20% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). There was a downturn in its FY '19 annual earnings (A criteria) history, not a match with the fact-based investment system's fundamental guidelines.
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ACLS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Axcelis Technologies Inc	$76.36	+3.66 5.03%	$77.97	$83.74	-8.81%	333,707 97.86%	341,000
Most Recent Note for ACLS - 8/4/2022 12:11:27 PM Gapped up today rallying toward its 52-week high. Reported Jun '22 quarterly earnings +140% on +50% sales revenues versus the year ago period, its 9th strong quarterly comparison. Up and down annual earnings (A criteria) history is not a great match with the fundamental guidelines of the fact-based investment system.
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ALSN - NYSE - Auto/Truck-Original Eqp Allison Transmission Hld	$37.12	-3.73 -9.13%	$40.28	$42.00	-11.62%	570,634 85.04%	671,000
Most Recent Note for ALSN - 8/4/2022 12:13:45 PM Gapped down today then slumped violating its 50 and 200 DMA lines. Reported earnings +25% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Three of the past 4 quarters had an earnings increase above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history fails to meet the fact-based investment system's fundamental guidelines.
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service Barrett Business Svcs	$82.61	+1.86 2.30%	$85.99	$86.82	-4.85%	46,053 109.65%	42,000
Most Recent Note for BBSI - 8/4/2022 12:15:32 PM Challenged its 52-week high with today's early gain. Reported Jun '22 quarterly earnings +11% on +12% sales revenues versus the year ago period and fundamental concerns remain. Its annual earnings (A criteria) history has not been strong and steady.
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BP - NYSE - ENERGY - Major Integrated Oil & Gas B P Plc Adr	$29.55	-0.14 -0.47%	$29.96	$34.30	-13.85%	8,038,122 66.94%	12,008,000
Most Recent Note for BP - 8/4/2022 12:17:33 PM Consolidating after this week's early gains helped it rebound above its 50 and 200 DMA lines. Recent quarterly comparisons through Jun '22 have show solid increases. Its annual earnings history has been erratic.
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CLH - NYSE - Pollution Control Clean Harbors Inc	$109.29	+1.14 1.05%	$112.35	$118.89	-8.07%	217,465 72.01%	302,000
Most Recent Note for CLH - 8/4/2022 12:26:59 PM Erased most of its early gain today following 6 consecutive gains with ever-increasing volume while approaching its April high ($115) and all-time high. Little resistance remains due to overhead supply up to the $118 level. Reported Jun '22 quarterly earnings +105% on +46% sales revenues versus the year ago period. Prior quarters showed a strong earnings track record with earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
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CORT - NASDAQ - DRUGS - Biotechnology Corcept Therapeutics Inc	$28.00	-0.71 -2.47%	$29.70	$29.93	-6.45%	550,289 77.18%	713,000
Most Recent Note for CORT - 8/4/2022 12:28:22 PM Trading in a wide intra-day range today perched near its 52-week high while little resistance remains due to overhead supply up to the $31 level. Quarterly earnings increases through Jun '22 were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '21.
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CVS - NYSE - RETAIL - Drug Stores C V S Caremark Corp	$102.50	+1.12 1.10%	$104.41	$111.25	-7.87%	3,203,966 65.45%	4,895,000
Most Recent Note for CVS - 8/4/2022 12:30:05 PM Gapped up for a 2nd consecutive gain today after rebounding above its 200 DMA line ($98.77) on the prior session while the mid-day report cautioned members - "Reported earnings -1% and +11% sales revenues for the Jun '22 quarter versus the year ago period and fundamental concerns remain."
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$32.80	+2.73 9.08%	$34.90	$29.58	10.89%	486,046 213.18%	228,000
Most Recent Note for DGII - 8/4/2022 12:32:36 PM Gapped up today spiking to another new 52-week high with above average volume. Held its ground stubbornly after recent volume-driven gains. Earnings rose +80% for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. 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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DKL - NYSE - Oil&Gas-Transprt/Pipelne Delek Logistics Prtnr Lp	$50.13	-3.97 -7.34%	$52.90	$58.55	-14.38%	42,530 83.39%	51,000
Most Recent Note for DKL - 8/4/2022 12:36:40 PM This Oil & Gas Limited Partner firm is pulling back from its 52-week high with today's 3rd consecutive loss undercutting and testing support at its 50 DMA line ($50.93). Reported Jun '22 quarterly earnings -26% versus the year ago period. Recently trading near multi-year highs. Fundamentals are not a match with the fact-based investment system's guidelines. Annual earnings (A criteria) had small downturn in FY '19.
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DOX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Amdocs Limited	$88.69	+2.97 3.46%	$88.95	$88.18	0.58%	418,297 63.57%	658,000
Most Recent Note for DOX - 8/4/2022 12:38:35 PM Hitting a new 52-week high with today's gain. Reported Jun '22 quarterly earnings -6% on +9% sales revenues versus the year ago period. Prior mid-day reports noted - "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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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$7.66	+0.57 8.04%	$7.75	$7.90	-3.04%	91,238 89.45%	102,000
Most Recent Note for ELA - 8/4/2022 12:41:07 PM Powering back near its 52-week high with today's considerable volume-driven gain after testing support at its 50 DMA line ($6.67). Reported strong Jun '22 quarterly results versus the year ago period, its 3rd strong quarterly comparison. Prior sales revenues and earnings history was not a great 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	$9.00	+0.59 7.02%	$9.54	$8.80	2.27%	563,067 175.41%	321,000
Most Recent Note for EZPW - 8/4/2022 12:44:55 PM Gapped up today hitting new multi-year highs but it is well off the session high. Reported strong earnings versus a year-ago loss on +24% sales revenues for the Jun '22 quarter. Recent quarterly comparisons showed solid improvements against the year ago periods. 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	$30.05	-2.40 -7.40%	$31.43	$33.36	-9.92%	477,571 74.97%	637,000
Most Recent Note for FLNG - 8/4/2022 12:48:05 PM Gapped down today pulling back with a big volume-driven loss after recently hovering near its 52-week high. Found support above its 200 DMA line during the recent consolidation. Last noted with caution in the 6/08/22 mid-day report - "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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GRBK - NASDAQ - Real Estate Dvlpmt/Ops Green Brick Partners Inc	$29.71	+3.90 15.12%	$29.71	$32.25	-7.87%	952,855 118.51%	804,000
Most Recent Note for GRBK - 8/4/2022 12:53:27 PM Abruptly rallying back toward its 52-week high with today's considerable volume-driven gain. It has not formed a sound base but faces little resistance due to overhead supply up to the $32 level. Bullish action came after it reported Jun '22 quarterly earnings +104% on +40% sales revenues versus the year ago period, its 9th strong quarterly comparison above the +25% minimum guideline (C criteria). Strong annual earnings history (A criteria) included a slight downturn in FY '18. The Building - Residential/Commercial industry group is currently ranked 174th on the 197 Industry Groups list, not reassuring concerning the L criteria. Completed a Secondary Offering on 1/27/21.
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HUBG - NASDAQ - TRANSPORTATION - Air Delivery & Freight Service Hub Group Inc Cl A	$79.43	+3.30 4.33%	$80.85	$87.21	-8.92%	130,617 69.48%	188,000
Most Recent Note for HUBG - 8/4/2022 12:55:06 PM Rebounding well above its 200 DMA line and toward prior highs with today's big gain. Reported Jun '22 quarterly earnings +288% on +43% sales revenues versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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IMKTA - NASDAQ - RETAIL - Grocery Stores Ingles Markets Inc Cl A	$98.56	+0.86 0.88%	$100.73	$101.98	-3.35%	74,356 75.87%	98,000
Most Recent Note for IMKTA - 8/4/2022 12:58:24 PM Another small gain today has it challenging its all-time high. Found support above its 200 DMA line during the consolidation since dropped from the Featured Stocks list on 5/20/22. Reported Jun '22 quarterly earnings -6% on +14% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons above the +25% minimum earnings guideline (C criteria).
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$101.82	-0.13 -0.13%	$107.38	$108.26	-5.95%	80,987 59.11%	137,000
Most Recent Note for MGPI - 8/4/2022 1:02:56 PM Hovering near its all-time high with today's gain. Its 50 DMA line ($98.69) defines near-term support to watch on pullbacks. Reported earnings -9% on +11% sales revenues for the Jun '22 quarter versus the year ago period. Two of the past 3 quarterly comparisons were below the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases.
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NX - NYSE - METALS & MINING - Steel & Iron Quanex Building Products	$24.16	-0.01 -0.04%	$24.18	$25.93	-6.83%	105,936 61.23%	173,000
Most Recent Note for NX - 8/4/2022 1:06:18 PM Pulling back today for a 3rd consecutive loss. Consolidating above its 50 and 200 DMA lines. Faces resistance due to overhead supply up to the $29 level. Reported strong Jan and Apr '22 quarterly earnings increases versus the year ago periods with solid sales revenues growth. Annual earnings (A criteria) has been strong after a downturn in FY '17 and '18.
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OBCI - NASDAQ - CONSUMER NON-DURABLES - Cleaning Products Ocean Bio Chem Inc	$12.98	+0.00 0.00%	$13.01	$13.01	-0.23%	44,138 105.09%	42,000
Most Recent Note for OBCI - 8/4/2022 1:06:56 PM Holding its ground in a tight range since a gap 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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SNEX - NASDAQ - Finance-Invest Bnk/Bkrs StoneX Group Inc	$92.70	+5.20 5.94%	$94.32	$88.86	4.32%	62,930 78.66%	80,000
Most Recent Note for SNEX - 8/4/2022 1:08:44 PM Hitting a new all-time high with today's 3rd consecutive gain backed by above average volume. Found support near its 50 DMA line in recent weeks. Reported Jun '22 quarterly earnings +54% on +86% 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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TRI - NYSE - Comml Svcs-Market Rsrch Thomson Reuters Corp	$114.66	+3.42 3.07%	$114.93	$123.60	-7.23%	364,882 68.59%	532,000
Most Recent Note for TRI - 8/4/2022 1:09:34 PM Reported earnings +25% on +5% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarters showed sub par earnings increases with sub par sales revenues growth. Annual earnings (A criteria) has been improving after a downturn in FY '17 and '18.
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TWNK - NASDAQ - Food-Packaged Hostess Brands Inc Cl A	$21.70	-1.36 -5.90%	$22.26	$24.27	-10.59%	725,366 67.98%	1,067,000
Most Recent Note for TWNK - 8/4/2022 1:11:54 PM Gapped down today after reporting Jun '22 quarterly earnings -4% on +17% sales revenues versus the year ago period. Found support near its 200 DMA line during the recent consolidation.
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ULH - NASDAQ - Transportation-Truck Universal Logistics Hldg	$36.04	+0.38 1.07%	$36.82	$34.36	4.89%	63,963 82.00%	78,000
Most Recent Note for ULH - 8/4/2022 1:12:41 PM Powering to another new 52-week high with today's big volume-driven gain adding to a recently noted spurt. Three of the past 4 quarterly comparisons through Jun '22 showed strong earnings increases above the +25% minimum guideline (C criteria). There was a downturn in FY '20 earnings (A criteria).
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VRRM - NASDAQ - Computer Sftwr-Spec Enterprs Verra Mobility Corp	$16.97	+0.38 2.26%	$17.23	$18.13	-6.43%	775,753 69.45%	1,117,000
Most Recent Note for VRRM - 8/4/2022 1:13:38 PM Gapped up today for a volume-driven gain. Very little resistance remains up to the $18 level. Quarterly earnings in the past 5 comparisons through Jun '22 showed strong earnings increases above the +25% minimum guideline (C criteria) with strong sales revenues growth. Annual earnings (A criteria) history has been up and down.
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WCC - NYSE - WHOLESALE - Electronics Wholesale Wesco International Inc	$129.87	+0.15 0.12%	$132.72	$144.43	-10.08%	392,348 58.73%	668,000
Most Recent Note for WCC - 8/4/2022 1:18:02 PM Still faces some near-term resistance due to overhead supply up to the $144 level. Reported Jun '22 quarterly earnings +59% on +19% sales revenues versus the year ago period, continuing its strong earnings track record. Recently rebounded above its 50 and 200 DMA lines, wedging higher without great volume conviction after a deep pullback. Showed resilience since dropped from the Featured Stocks list on 6/16/22.
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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$140.06	+4.33 3.19%	$140.87	$145.62	-3.82%	663,321 79.34%	836,000
Most Recent Note for WCN - 8/4/2022 1:20:40 PM Rebounding toward its high with today's volume-driven gain adding to a recent spurt back above its 200 DMA line ($130). Reported earnings +23% on +18% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) track record included a slight downturn in FY '20.
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