Mid-Day Breakouts Report - Friday, August 12th, 2022

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MIDDAY BREAKOUTS REPORT - FRIDAY, AUGUST 12TH, 2022
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DOW 33535.08 198.41 (0.60%) | NASDAQ 12936.2 156.28 (1.22%) | S&P 500 4243.37 36.1 (0.86%)

Time of Screening : 8/12/2022 11:52:19 AM Report Released : 8/12/2022 12:43:42 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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	$287.88	+1.88 0.66%	$289.42	1,674,560 82.78% of 50 DAV 50 DAV is 2,023,000	$289.63 -0.60%	7/7/2022	$276.55	PP = $273.68 MB = $287.36
Most Recent Note - 8/12/2022 12:08:54 PM G - Wedging higher for another new all-time high and its color code is changed to green after rising above its "max buy" level. Reported earnings for the Jun '22 quarter rose +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), raising concerns. Near-term support to watch is at its 50 DMA line ($267.77). >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2022. Click here.
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CLH - NYSE Clean Harbors Inc	$116.68	+1.70 1.48%	$116.89	187,681 59.77% of 50 DAV 50 DAV is 314,000	$118.89 -1.86%	8/10/2022	$111.78	PP = $115.10 MB = $120.86
Most Recent Note - 8/12/2022 12:11:46 PM Y - On track today for its 3rd consecutive volume-driven gain, rising above the pivot point cited based on its 4/01/22 high plus 10 cents. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Very 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. >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACLS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Axcelis Technologies Inc	$75.58	+4.93 6.98%	$75.67	$83.74	-9.74%	259,034 67.81%	382,000
Most Recent Note for ACLS - 8/12/2022 11:53:58 AM Rebounding this week after encountering distributional pressure since challenging its 52-week high. Noted with caution in prior mid-day reports "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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ALB - NYSE - CHEMICALS - Synthetics Albemarle Corp	$277.72	+12.02 4.52%	$278.90	$291.48	-4.72%	803,175 61.93%	1,297,000
Most Recent Note for ALB - 8/12/2022 11:57:13 AM Rising above its May high toward challenging its 52-week high with today's 3rd consecutive gain backed by higher volume. Reported earnings +288% on +91% sales revenues for the quarter ended June 30, 2022 versus the year ago period, its 2nd strong comparison. Prior quarters were below the +25% minimum earnings guideline (C criteria). Annual earnings increases (A criteria) have not shown strong and steady growth.
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$65.76	+1.11 1.72%	$65.79	$71.70	-8.28%	3,745,780 59.53%	6,292,000
Most Recent Note for AZN - 8/12/2022 12:00:44 PM Finding prompt support near its 50 DMA line ($65.21) with today's volume-driven gain. Resistance remains due to overhead supply up to the $71 level. Reported Jun '21 quarterly earnings +110% on +31% sales revenues versus the year ago period. Prior mid-day reports noted - "Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system."
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BR - NYSE - Financial Svcs-Specialty Broadridge Finl Sltns	$177.30	+7.57 4.46%	$179.76	$185.40	-4.37%	299,297 69.44%	431,000
Most Recent Note for BR - 8/12/2022 12:02:52 PM Rebounding near its 52-week high with today's big gain. Fundamental concerns remain as when last noted with caution in the 8/23/19 mid-day report - "Prior quarterly earnings increase were not strong and steady above the +25% minimum guideline (C criteria)."
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CECE - NASDAQ - Pollution Control Ceco Environmental	$9.59	+0.05 0.52%	$9.60	$9.58	0.10%	156,021 61.67%	253,000
Most Recent Note for CECE - 8/12/2022 12:06:32 PM Rallying to multi-year highs with this week's volume-driven gains. Reported earnings +100% on +34% sales revenues for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly earnings increases were sub par and its erratic annual earnings (A criteria) history remains a fundamental flaw.
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CLW - NYSE - MANUFACTURING - Packaging & Containers Clearwater Paper Corp	$45.30	+1.56 3.57%	$45.56	$46.34	-2.24%	56,088 51.93%	108,000
Most Recent Note for CLW - 8/12/2022 12:12:51 PM Perched near its 52-week high today while adding to the recently noted spurt of volume-driven gains. Erratic annual earnings (A criteria) history.
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CPRX - NASDAQ - Medical-Biomed/Biotech Catalyst Pharma Partners	$13.79	+0.42 3.14%	$13.82	$13.70	0.66%	1,296,441 75.37%	1,720,000
Most Recent Note for CPRX - 8/12/2022 12:13:38 PM Extended from any sound base and hitting new 52-week and all-time highs with today's 3rd consecutive volume-driven gain. Reported Jun '22 quarterly earnings +75% on +46% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since turning profitable in FY '19.
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CYBE - NASDAQ - ELECTRONICS - Scientific & Technical Instrum Cyberoptics Corp	$53.25	+0.13 0.24%	$53.35	$53.36	-0.22%	188,019 93.54%	201,000
Most Recent Note for CYBE - 8/12/2022 12:13:50 PM Holding its ground following a gap up on 8/08/22 after M&A news with Nordson Corp (NDSN). Reported Jun '22 quarterly earnings +41% on +9% sales revenues versus the year ago period. Recent quarterly comparisons showed stronger sales revenues and strong earnings increases well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been up and down.
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EBF - NYSE - CONSUMER NON-DURABLES - Office Supplies Ennis Inc	$21.85	+0.26 1.20%	$21.85	$22.27	-1.89%	67,628 54.10%	125,000
Most Recent Note for EBF - 8/12/2022 12:16:25 PM Hovering near multi-year highs in the $22 area since last noted in the 7/19/22 mid-day report - "Rebounded quickly from the recent low with a spurt of big volume-driven gains. The Feb and May '22 quarterly comparisons showed stronger earnings increases. Prior quarterly and annual earnings (C and A criteria) are not a match with the fundamental guidelines of the fact-based investment system."
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ESE - NYSE - MANUFACTURING - Pollution & Treatment Controls E S C O Technologies Inc	$89.90	+3.92 4.56%	$90.49	$96.01	-6.36%	46,357 53.28%	87,000
Most Recent Note for ESE - 8/12/2022 12:19:08 PM Rebounding well above its 200 DMA line with today's 4th consecutive volume-driven gain. Reported earnings +33% on +21% sales revenues for the Jun '22 quarter, but prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Fundamental concerns also remain due to sub par annual earnings (A criteria) growth.
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GLP - NYSE - WHOLESALE - Basic Materials Wholesale Global Partners Lp	$28.09	+1.09 4.04%	$28.20	$30.26	-7.17%	110,880 98.12%	113,000
Most Recent Note for GLP - 8/12/2022 12:23:02 PM Recently tested its 50 DMA line and 200 DMA lines while consolidating after rebounding toward its June high. Recent quarterly comparisons through Jun '22 showed great improvement over the year ago periods. Erratic annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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GO - NASDAQ - Retail-Discount&Variety Grocery Outlet Hdg Corp	$41.00	-0.62 -1.48%	$41.85	$46.37	-11.59%	682,959 59.54%	1,147,000
Most Recent Note for GO - 8/12/2022 12:25:17 PM Pulled back from its 52-week high hit Monday, violating its 50 DMA line ($42.30) during a streak of 4 consecutive volume-driven losses. Rebounded near multi-year highs after a deep slump over the past year. Reported Jun '22 quarterly earnings +26% on +16% sales revenues. Prior mid-day reports noted - "Earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system."
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services Chart Industries Inc	$202.20	-1.11 -0.55%	$204.47	$214.14	-5.58%	242,085 59.05%	410,000
Most Recent Note for GTLS - 8/12/2022 12:27:00 PM Wedged to a new all-time high with gains lacking great volume conviction since last noted with caution in the 8/01/22 mid-day report - "Reported Jun '22 quarterly earnings +10% on +26% sales revenues versus the year ago period. Challenged its 52-week high with a big gain on the prior session. Fundamental concerns remain."
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$35.14	+0.17 0.49%	$35.15	$36.29	-3.17%	88,199 83.21%	106,000
Most Recent Note for HCCI - 8/12/2022 12:27:52 PM Holding its ground stubbornly near its 52-week high following noted volume-driven gains. Prior mid-day reports noted - "Reported strong quarterly results through Jun '22 versus year ago periods. Annual earnings (A criteria) history has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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LNT - NYSE - UTILITIES - Diversified Utilities Alliant Energy Corp	$62.98	+1.34 2.17%	$63.20	$65.37	-3.66%	760,093 53.68%	1,416,000
Most Recent Note for LNT - 8/12/2022 12:32:12 PM Fundamental concerns remain. Rebounding toward prior highs after sputtering below its 200 DMA line since last noted in the 5/26/22 mid-day report with caution - "Reported Mar '22 quarterly earnings +13% on +19% sales revenues versus the year ago period. Prior quarterly and annual earnings and sales revenues history (C and A criteria) is below guidelines of the fact-based investment system."
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MTRN - NYSE - METALS & MINING - Industrial Metals & Minerals Materion Corp	$96.11	+2.11 2.24%	$96.17	$96.00	0.11%	72,897 60.25%	121,000
Most Recent Note for MTRN - 8/12/2022 12:34:22 PM Hitting new 52-week and all-time highs with today's 3rd consecutive volume-driven gain. Reported earnings +35% on +20% sales revenues for the Jun '22 quarter versus the year ago period. Prior 5 quarterly comparisons were also well above the +25% minimum earnings guideline (C criteria). Its up and down annual earnings history (A criteria) leaves fundamental concerns.
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NBIX - NASDAQ - DRUGS - Biotechnology Neurocrine Biosciences	$105.91	+1.03 0.98%	$106.33	$109.26	-3.07%	513,397 69.00%	744,000
Most Recent Note for NBIX - 8/12/2022 12:36:02 PM Holding its ground after a spurt of volume-driven gains to a new 52-week high. Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +17% on +31% sales revenues versus the year ago period and fundamental concerns remain. It was dropped from the Featured Stocks list on 8/07/20."
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ON - NASDAQ - Elec-Semiconductor Mfg O N Semiconductor Corp	$70.21	+3.85 5.80%	$70.33	$71.26	-1.47%	5,125,238 50.92%	10,066,000
Most Recent Note for ON - 8/12/2022 12:37:51 PM Challenging its 52-week high with today's 3rd consecutive gain. The 8/01/22 mid-day report noted - "Reported Jun '22 quarterly earnings +113% on +25% sales revenues versus the year ago period, marking its 6th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady."
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PAM - NYSE - TRANSPORTATION - Trucking Pampa Energia Sa Adr	$24.38	-0.10 -0.41%	$24.38	$25.86	-5.72%	79,466 58.86%	135,000
Most Recent Note for PAM - 8/12/2022 12:39:48 PM Rebounded from the session's early low and it remains perched within striking distance of its 52-week high. Argentine utility firm quarterly and annual earnings (C and A criteria) history has been erratic.
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PFHD - NASDAQ - Banks-Southeast Professional Hldg Cl A	$30.08	+0.11 0.37%	$30.10	$31.25	-3.74%	88,961 62.65%	142,000
Most Recent Note for PFHD - 8/12/2022 12:41:31 PM Gapped up on 8/08/22 M&A news with Seacoast Banking Corp (SBCF). Reported Jun '22 quarterly earnings +11% on +20% sales revenues versus the year ago period. Fundamental concerns remain since public trading began 2/07/20.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$66.81	+2.59 4.03%	$66.98	$68.80	-2.89%	485,852 88.18%	551,000
Most Recent Note for SMCI - 8/12/2022 12:42:43 PM Perched at its all-time high with today's 3rd consecutive volume-driven gain. Reported Jun '22 quarterly earnings +223% on +53% sales revenues versus the year ago period, its 3rd strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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XPEL - NASDAQ - Auto/Truck-Tires & Misc Xpel Inc	$80.89	+0.56 0.70%	$81.15	$87.63	-7.69%	145,125 82.93%	175,000
Most Recent Note for XPEL - 8/12/2022 12:43:33 PM Faces resistance due to overhead supply up to the $103 level. Rallied quickly toward its July 2021 high with recent volume-driven gains, but prior mid-day reports cautioned members - "It was dropped from the Featured Stocks list on 8/13/21 and went through a deep consolidation. Fundamental are a concern after it reported Jun '22 quarterly earnings +16% on +22% sales revenues versus the year ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria)."
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