Mid-Day Breakouts Report - Monday, September 12th, 2022

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MIDDAY BREAKOUTS REPORT - MONDAY, SEPTEMBER 12TH, 2022
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DOW 32323.27 171.56 (0.53%) | NASDAQ 12204.56 92.25 (0.76%) | S&P 500 4097.93 30.57 (0.75%)

Time of Screening : 9/12/2022 12:15:23 PM Report Released : 9/12/2022 1:00:50 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	$294.50	+1.66 0.57%	$296.29	1,541,396 80.28% of 50 DAV 50 DAV is 1,920,000	$294.53 -0.01%	7/7/2022	$276.55	PP = $273.68 MB = $287.36
Most Recent Note - 9/12/2022 12:39:36 PM G - Inching higher today for a 4th consecutive small gain, 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 fundamental concerns. Near-term support to watch is at its 50 DMA line ($281). >>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AAPL - NASDAQ - COMPUTER HARDWARE - Personal Computers Apple Inc	$162.13	+4.76 3.02%	$162.89	$182.94	-11.38%	44,352,902 64.21%	69,077,000
Most Recent Note for AAPL - 9/12/2022 12:17:17 PM Rebounding above its 200 DMA line ($161) with today's gap up and solid gain. Reported Jun '22 quarterly earnings -8% on +2% sales revenues versus the year ago period, its 2nd quarterly comparison well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. On 8/31/20 a 4:1 share split impacted share price. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 6,438 in Jun '22. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd.
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ADM - NYSE - FOOD & BEVERAGE - Food - Major Diversified Archer Daniels Midland	$87.73	-3.74 -4.09%	$91.95	$98.88	-11.28%	1,885,895 72.98%	2,584,000
Most Recent Note for ADM - 9/12/2022 12:21:27 PM Retreating abruptly today after rebounding toward its 52-week and all-time highs with last week's volume-driven gains. Earnings rose +62% on +19% sales revenues for the Jun '22 quarter versus the year ago period, its 3rd consecutive quarterly comparison very near or well above the +25% minimum earnings guideline (C criteria). Downturn in FY '19 annual earnings (A criteria) history leaves fundamental concerns.
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AMGN - NASDAQ - DRUGS - Biotechnology Amgen Inc	$238.62	-9.07 -3.66%	$241.70	$258.45	-7.67%	3,238,892 126.87%	2,553,000
Most Recent Note for AMGN - 9/12/2022 12:22:32 PM Gapped down today slumping near its 200 DMA line. Reported earnings +163% on +1% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarters were not strong and steady above the +25% minimum earnings guideline (C criteria). It has a slow and steady annual earnings (A criteria) history. Not a match with the fact-based investment system's fundamental guidelines.
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BFA - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Brown Forman Corp Cla	$73.63	+0.46 0.63%	$73.70	$76.60	-3.88%	26,868 72.62%	37,000
Most Recent Note for BFA - 9/12/2022 12:23:59 PM Rising further above its 50 DMA line ($71.80) with today's 4th consecutive volume-driven gain. Reported Jul '22 quarterly earnings +30% on +11% sales revenues versus the year ago period. Fundamental concerns remain as prior quarterly and annual earnings (C and A criteria) are not a match with the fact-based investment system's guidelines.
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BMRN - NASDAQ - DRUGS - Drug Manufacturers - Other Biomarin Pharmaceutical	$89.86	-3.07 -3.30%	$90.16	$97.76	-8.08%	615,697 64.67%	952,000
Most Recent Note for BMRN - 9/12/2022 12:25:47 PM Gapped down today undercutting its 50 DMA line ($90). Last noted with caution in the 8/05/22 mid-day report - "Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria). It was dropped from the Featured Stocks list on 8/19/20."
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BMY - NYSE - DRUGS - Drug Manufacturers - Major Bristol-Myers Squibb Co	$73.86	+3.70 5.27%	$75.99	$80.59	-8.35%	12,392,730 135.74%	9,130,000
Most Recent Note for BMY - 9/12/2022 12:36:41 PM Gapped up today for a considerable gain rebounding above its 50 DMA line ($73.05) toward its all-time high. Reported Jun '22 quarterly earnings +18% on +2% 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).
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BRT - NYSE - REAL ESTATE - REIT - Residential B R T Realty Trust Sbi	$23.39	+0.22 0.95%	$23.57	$25.67	-8.88%	29,678 64.52%	46,000
Most Recent Note for BRT - 9/12/2022 12:38:13 PM Quarterly earnings for this REIT have been below the +25% minimum earnings guideline (C criteria).
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CNI - NYSE - TRANSPORTATION - Railroads Canadian Natl Ry Co	$124.64	+2.63 2.16%	$125.45	$137.19	-9.15%	670,460 63.31%	1,059,000
Most Recent Note for CNI - 9/12/2022 12:42:30 PM This Canadian railroad operator has rebounded above its 50 and 200 DMA lines with a streak of 4 consecutive gains. Quarterly and annual earnings history has not been strong and steady.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$36.78	+1.37 3.87%	$37.44	$36.23	1.52%	339,845 115.20%	295,000
Most Recent Note for DGII - 9/12/2022 12:44:10 PM Hitting a new 52-week high with today's 4th consecutive volume-driven gain. Held its ground stubbornly after recent volume-driven gains and prior mid-day reports noted - "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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DRVN - NASDAQ - Retail/Whlsle-Automobile Driven Brands Holdings Inc	$34.68	+0.26 0.76%	$35.45	$34.64	0.12%	313,434 71.89%	436,000
Most Recent Note for DRVN - 9/12/2022 12:45:38 PM Hitting a new 52-week high and challenging its all-time highs with today's 6th consecutive gain. Found support above its 50 DMA line during its consolidation since noted with caution in the 8/22/22 mid-day report - "Reported strong quarterly results above the +25% minimum guideline (C criteria) through Jun '22 versus year ago periods. Limited annual earnings (A criteria) history is a concern since it completed its IPO at $22 on 1/15/21 and a Secondary Offering on 8/06/21."
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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$36.64	+0.65 1.79%	$36.79	$42.53	-13.86%	2,120,825 69.01%	3,073,000
Most Recent Note for EQNR - 9/12/2022 12:47:37 PM Pulled back from its all-time high and last week it slumped below its 50 DMA line ($36.64) which may now act as resistance. 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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LNT - NYSE - UTILITIES - Diversified Utilities Alliant Energy Corp	$63.20	+0.13 0.21%	$63.60	$65.37	-3.32%	805,250 66.55%	1,210,000
Most Recent Note for LNT - 9/12/2022 12:49:18 PM Fundamental concerns remain. Perched within striking distance of its all-time high. Reported Jun '22 quarterly earnings +9% on +15% 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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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$8.33	+0.18 2.21%	$8.76	$8.82	-5.56%	121,300 198.85%	61,000
Most Recent Note for LYTS - 9/12/2022 12:50:02 PM Today's gain is adding to a spurt of volume-driven gains. Prior mid-day reports noted - "Faces resistance due to overhead supply up to the $11 level. Recent quarterly comparisons through Jun '22 versus the year ago period showed strong sales revenues and earnings increases versus the year ago periods. Annual earnings history has been strong after a downturn in FY '19."
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NWPX - NASDAQ - METALS & MINING - Steel & Iron Northwest Pipe Company	$33.11	-0.89 -2.60%	$34.49	$34.94	-5.22%	41,422 129.44%	32,000
Most Recent Note for NWPX - 9/12/2022 12:51:59 PM Reversed into the red after early gains today while perched within close striking distance of its 52-week high after 5 consecutive gains. Reported strong Mar and Jun '22 quarterly results versus the year ago periods, but fundamental concerns remain. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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OXY - NYSE - ENERGY - Independent Oil & Gas Occidental Petroleum	$66.80	+1.19 1.81%	$67.81	$77.13	-13.39%	15,059,896 61.69%	24,411,000
Most Recent Note for OXY - 9/12/2022 12:53:30 PM Retreated from its 52-week high testing support last week at its 50 DMA line ($64.41). Recent quarterly comparisons through Jun '22 versus the year ago period showed great improvements in sales revenues and earnings versus the year ago periods. Annual earnings (A criteria) history for this worldwide Oil & Gas producer has been erratic.
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PFHD - NASDAQ - Banks-Southeast Professional Hldg Cl A	$27.65	+0.30 1.10%	$27.83	$31.25	-11.52%	113,403 90.72%	125,000
Most Recent Note for PFHD - 9/12/2022 12:54:31 PM Consolidating since a noted gap 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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PNM - NYSE - Utility-Electric Power P N M Resources Inc	$47.35	+0.00 0.00%	$47.60	$50.11	-5.51%	364,543 81.19%	449,000
Most Recent Note for PNM - 9/12/2022 12:54:55 PM Fundamental concerns remain and it was noted with caution in prior mid-day reports - "Earnings history has been erratic for this Utility - Diversified holding firm in the electricity and natural gas distribution business."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$8.40	+0.24 2.94%	$8.45	$8.50	-1.18%	45,996 90.19%	51,000
Most Recent Note for QRHC - 9/12/2022 12:56:04 PM Perched at its 52-week high today following recently noted volume-driven gains. Prior mid-day reports noted - "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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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$714.24	-10.08 -1.39%	$723.44	$754.67	-5.36%	389,962 61.61%	633,000
Most Recent Note for REGN - 9/12/2022 12:56:52 PM Hit a new all-time high on the prior session with its 3rd consecutive volume-driven gain. It was dropped from the Featured Stocks list on 5/05/22 then sputtered below its 200 DMA line in recent months. Reported Jun '22 quarterly earnings -62% on -44% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$107.64	-3.49 -3.14%	$114.62	$115.76	-7.02%	1,035,879 63.75%	1,625,000
Most Recent Note for SQM - 9/12/2022 12:59:27 PM Chile-based Chemicals - Agricultural firm is perched within close striking distance of its all-time high. Found prompt support recently near its 50 DMA line ($96.21). Reported Jun '22 quarterly earnings +871% on +342% sales revenues versus the year ago period. Prior quarterly comparisons have been very strong. Annual earnings history (A criteria) has been erratic in recent years, below the guidelines of the fact-based investment system.
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TGNA - NYSE - Media-Radio/Tv Tegna Inc	$21.89	+0.16 0.71%	$22.06	$23.04	-5.01%	880,006 96.81%	909,000
Most Recent Note for TGNA - 9/12/2022 1:00:44 PM Reported Jun '22 quarterly earnings +20% on +7% sales revenues versus the year ago period. Up and down annual earnings (A criteria) history is not a good match with the fact-based investment system's fundamental guidelines.
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