Mid-Day Breakouts Report - Thursday, September 1st, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 1ST, 2022
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DOW 31364.68 -145.75 (-0.46%) | NASDAQ 11563.73 -252.47 (-2.14%) | S&P 500 3913.79 -41.21 (-1.04%)

Time of Screening : 9/1/2022 12:15:25 PM Report Released : 9/1/2022 12:53:40 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 55% of 50 Day Average at the time of the screening.
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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
CLH - NYSE Clean Harbors Inc	$116.14	-1.28 -1.09%	$118.12	174,611 55.61% of 50 DAV 50 DAV is 314,000	$124.33 -6.59%	8/10/2022	$111.78	PP = $115.10 MB = $120.86
Most Recent Note - 9/1/2022 12:19:55 PM Y - Color code was changed to yellow this week while quietly consolidating back below its "max buy" level. Noted gain and strong close above the pivot point backed by +116% above average volume on 8/12/22 triggered a technical buy signal. No resistance remains due to overhead supply. Fundamentals remain strong. Prior high in the $115 area defines important near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$22.33	-0.18 -0.78%	$22.70	$25.03	-10.81%	77,999 64.46%	121,000
Most Recent Note for AMAL - 9/1/2022 12:16:52 PM Testing its 50 DMA line($22) today. Pulling back gradually from its 52-week high and churning heavy volume with recently noted losses, action indicative of distributional pressure. Prior mid-day reports cautioned members - "Reported Jun '22 quarterly earnings +94% on +35% sales revenues versus the year ago period but fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been good."
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AZN - NYSE - DRUGS - Drug Manufacturers - Major Astrazeneca Plc Ads	$61.18	-1.20 -1.92%	$61.75	$71.70	-14.67%	6,813,158 117.12%	5,817,000
Most Recent Note for AZN - 9/1/2022 12:18:16 PM Violating its 200 DMA line ($62.48) with today's 5th consecutive loss and 3rd in a row with heavy volume. The 8/12/22 mid-day report cautioned members - "Resistance remains due to overhead supply up to the $71 level. Reported Jun '22 quarterly earnings +110% on +31% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system."
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CVET - NASDAQ - Medical-Supplies Covetrus Inc	$20.77	-0.11 -0.50%	$20.87	$23.75	-12.57%	580,630 63.95%	908,000
Most Recent Note for CVET - 9/1/2022 12:21:50 PM Consolidating in a tight range following 5/20/22 M&A news. The 12/15/20 mid-day report last noted - "Reported Sep '20 quarterly earnings +63% on +11% sales revenues versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's fundamental guidelines."
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DG - NYSE - RETAIL - Discount, Variety Stores Dollar General Corp	$242.30	+4.88 2.06%	$242.37	$262.21	-7.59%	878,883 55.59%	1,581,000
Most Recent Note for DG - 9/1/2022 12:23:15 PM Slumped well below its 50 DMA line ($248) with a streak of damaging volume-driven losses after recently wedging back up near its all-time high. Reported earnings +11% on +9% sales revenues for the Jul '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth history had a downturn in its FY '22 results.
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DOX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Amdocs Limited	$84.41	-1.06 -1.24%	$85.21	$90.77	-7.01%	390,908 67.17%	582,000
Most Recent Note for DOX - 9/1/2022 12:26:27 PM Slumping below its 50 DMA line with today's 5th consecutive loss. Wedged into new 52-week high territory with gains lacking volume conviction after last noted with caution in the 8/04/22 mid-day report - "Reported Jun '22 quarterly earnings -6% on +9% sales revenues versus the year ago period. 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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DVN - NYSE - ENERGY - Independent Oil & Gas Devon Energy Corp	$68.70	-1.92 -2.72%	$68.88	$79.40	-13.48%	7,071,910 57.66%	12,265,000
Most Recent Note for DVN - 9/1/2022 12:29:25 PM Pulling back this week forming a handle after a 12-week cup shaped base during which it found support at its 200 DMA line. The 8/23/22 mid-day report last noted - "Reported earnings +332% on +133% sales revenues for the Jun '22 quarter versus the year ago period, continuing the streak of very strong quarterly comparisons. Fundamental concerns remain. Up and down annual earnings (A criteria) history is a flaw making it not a desirable buy candidate under the fact-based investment system's guidelines."
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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$38.40	-0.39 -1.01%	$38.44	$42.53	-9.71%	2,107,478 75.65%	2,786,000
Most Recent Note for EQNR - 9/1/2022 12:30:47 PM Pulling back from its all-time high with today's 6th consecutive loss. Found support at its 200 DMA line and made gradual progress since noted in the 7/19/22 mid-day report. Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings (A criteria) history has been erratic.
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GEF - NYSE - Containers/Packaging Greif Inc Cl A	$67.19	+0.14 0.21%	$68.94	$72.80	-7.71%	154,383 71.14%	217,000
Most Recent Note for GEF - 9/1/2022 12:37:00 PM Testing its 50 DMA line ($67.28) with today's 5th consecutive loss. Stalled after wedging up to recently touch a new 52-week high with gains lacking great volume conviction. Reported Jul '22 quarterly earnings +22% on +9% sales revenues versus the year ago period. Prior 4 quarterly comparisons were well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '20, not a match with the fact-based investment system's strict fundamental guidelines.
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ON - NASDAQ - Elec-Semiconductor Mfg O N Semiconductor Corp	$65.81	-2.96 -4.30%	$68.54	$76.78	-14.29%	4,850,929 61.07%	7,943,000
Most Recent Note for ON - 9/1/2022 12:38:49 PM Retreating from its 52-week high with today's 5th consecutive loss. The 8/18/22 mid-day report last cautioned members - "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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OXM - NYSE - CONSUMER NON-DURABLES - Textile - Apparel Clothing Oxford Industries Inc	$102.82	-3.92 -3.67%	$105.41	$119.50	-13.96%	154,172 90.69%	170,000
Most Recent Note for OXM - 9/1/2022 12:42:57 PM Retreating from its all-time high with today's 3rd consecutive volume-driven loss. Reported Apr '22 quarterly earnings +85% on +33% sales revenues versus the year ago period, its 5th strong quarterly comparison. Annual earnings history (A criteria) included a -$1.81 per share loss for FY '21 and fundamental concerns remain.
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$7.06	+0.77 12.24%	$7.13	$8.30	-14.94%	70,973 181.98%	39,000
Most Recent Note for QRHC - 9/1/2022 12:45:37 PM Reported strong Jun '22 quarterly results versus the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria).
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$52.43	-0.55 -1.04%	$52.86	$61.68	-15.00%	3,442,409 70.96%	4,851,000
Most Recent Note for SHEL - 9/1/2022 12:46:21 PM Consolidating just above its 50 and 200 DMA lines with today's 3rd consecutive volume-driven loss. Prior mid-day reports cautioned members - "Encountered distributional pressure in June and early July. Past 4 quarterly comparisons through Jun '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down."
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SPFI - NASDAQ - Banks-West/Southwest South Plains Financial	$27.04	-0.10 -0.35%	$27.28	$29.89	-9.55%	23,820 55.40%	43,000
Most Recent Note for SPFI - 9/1/2022 12:47:45 PM Consolidating in a tight range above its 200 DMA line ($26.20) while prior mid-day reports cautioned members - "Reported Jun '22 quarterly earnings +19% on +8% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system."
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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$90.76	-2.23 -2.40%	$92.89	$100.64	-9.82%	34,785 75.62%	46,000
Most Recent Note for UFPT - 9/1/2022 12:48:55 PM Reported earnings +89% on +86% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady.
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VRRM - NASDAQ - Computer Sftwr-Spec Enterprs Verra Mobility Corp	$15.67	-0.28 -1.73%	$15.75	$18.13	-13.60%	799,865 65.46%	1,222,000
Most Recent Note for VRRM - 9/1/2022 12:50:24 PM Slumping below its 50 and 200 DMA lines with today's 3rd consecutive loss. Last noted with caution in the 8/09/22 mid-day report - "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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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$138.88	-0.30 -0.22%	$139.36	$145.62	-4.63%	664,327 87.18%	762,000
Most Recent Note for WCN - 9/1/2022 12:53:35 PM Encountering distributional pressure this week after quietly consolidating near its all-time high in recent weeks. Last noted with caution in the 8/04/22 mid-day report - "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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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. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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