Mid-Day Breakouts Report - Wednesday, September 22nd, 2021

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 22ND, 2021
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DOW 34356.42 436.58 (1.29%) | NASDAQ 14905.13 158.73 (1.08%) | S&P 500 4405.73 51.54 (1.18%)

Time of Screening : 9/22/2021 12:18:56 PM Report Released : 9/22/2021 12:50:41 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 75% 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADBE - NASDAQ - COMPUTER SOFTWARE & SERVICES - Application Software Adobe Systems Inc	$627.21	-18.69 -2.89%	$628.65	$673.88	-6.93%	3,326,735 218.72%	1,521,000
Most Recent Note for ADBE - 9/22/2021 12:22:28 PM Reported Aug '21 quarterly earnings +21% on +22% sales revenues versus the year ago period. Prior quarterly comparisons were very near or above the +25% minimum earnings guideline (C criteria). Gapped down today violating its 50 DMA line ($637) while encountering damaging distributional pressure after wedging to new all-time highs with gains lacking great volume conviction. Held its ground and made progress after a technical breakout in June marked by a streak of volume-driven gains.
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BOCH - NASDAQ - BANKING - Regional - Pacific Banks Bank Of Commerce Hldgs	$13.67	+0.46 3.48%	$13.74	$15.38	-11.12%	418,631 550.83%	76,000
Most Recent Note for BOCH - 9/22/2021 12:23:09 PM Following 6/24/21 M&A news it slumped below its 50 DMA line. Noted with caution in prior mid-day reports - "Fundamentals are not a match with the fact-based investment system's guidelines (C and A criteria)."
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DAR - NYSE - Agricultural Operations Darling International	$72.40	-0.52 -0.71%	$75.38	$79.65	-9.10%	1,123,538 81.06%	1,386,000
Most Recent Note for DAR - 9/22/2021 12:29:07 PM Still perched near its all-time high, consolidating above its 50 DMA line ($72.17). Reported earnings +200% on +41% sales revenues for the Jun '21 quarter versus the year ago period, its 3rd strong quarterly comparison showing sales revenues acceleration in sequential comparisons. Annual earnings growth (A criteria) has been strong after a downturn in FY '17.
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DAVA - NYSE - Computer-Tech Services Endava Plc Cl A Ads	$123.77	-6.24 -4.80%	$129.15	$143.50	-13.75%	422,482 267.39%	158,000
Most Recent Note for DAVA - 9/22/2021 12:30:30 PM Violated its 50 DMA line ($131). Due to report Jun '21 quarterly results. Noted with caution in prior mid-day reports - "This UK-based Computer-Tech Services firm reported Mar '21 quarterly earnings +62% on +35% sales revenues versus the year ago period. Prior 4 quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Went through a deep pullback and rebounded impressively since dropped from the Featured Stocks list on 3/11/20."
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ECHO - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services Echo Global Logistics	$47.71	+0.01 0.02%	$47.78	$48.26	-1.14%	566,502 131.13%	432,000
Most Recent Note for ECHO - 9/22/2021 12:30:46 PM Holding its ground since a gap up for a new 52-week high on 9/10/21 following M&A news. Reported Jun '21 quarterly earnings +342% on +82% sales revenues versus the year ago period, its 3rd strong quarter. Up and down annual earnings history is a flaw concerning the A criteria. Completed a new Public Offering on 4/29/15.
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FB - NASDAQ - INTERNET Facebook Inc Cl A	$344.20	-13.28 -3.71%	$349.84	$384.33	-10.44%	19,918,049 152.80%	13,035,000
Most Recent Note for FB - 9/22/2021 12:32:49 PM Retreating from its all-time high, it violated its 50 DMA line ($363) with a spurt of damaging volume-driven losses. The 9/15/21 mid-day report last cautioned members - "Reported earnings +101% on +56% sales revenues for the Jun '21 quarter versus the year-ago period. The past 3 quarterly comparisons have been well above the +25% minimum earnings guideline (C criteria) with impressive acceleration in its sales revenues growth rate. Downturn in FY '19 earnings versus the year ago broke its streak of strong annual earnings increases (A criteria). Not a good match with most winning models of the fact-based investment system. Large supply of shares outstanding (S criteria) and as of Jun '21 it is heavily owned by 5,429 top-rated mutual funds. Stocks with a small supply and just beginning to attract the serious interest of institutional investors (I criteria) are considered most ideal."
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HHR - NASDAQ - Comml Svcs-Staffing Headhunter Group Plc Ads	$51.74	+1.41 2.80%	$52.35	$56.98	-9.20%	247,124 200.91%	123,000
Most Recent Note for HHR - 9/22/2021 12:34:42 PM It has not formed a sound base of sufficient length but is consolidating above its 50 DMA line. Reported Jun '21 quarterly earnings +320% on +148% sales revenues versus the year ago period, its 2nd strong quarter. Fundamental concerns remain as the 3 prior quarterly comparisons were well below the +25% minimum earnings guideline (C criteria). There was a downturn in FY '20 earnings (A criteria). Completed Secondary Offerings on 6/03/21 and 7/15/20. This Cypress-based Commercial Services - Staffing firm completed its $13.50 IPO on 5/09/19.
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HRI - NYSE - Comml Svcs-Leasing Herc Holdings Inc	$138.77	+5.62 4.22%	$140.39	$135.63	2.31%	157,694 85.24%	185,000
Most Recent Note for HRI - 9/22/2021 12:35:47 PM Hitting a new all-time high with today's 2nd consecutive gap up and volume-driven gain. Its 50 DMA line ($124.63) acted as support during its ongoing ascent. Reported very strong earnings in the Jun '21 quarterly comparison 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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INMD - NASDAQ - Medical-Systems/Equip Inmode Ltd	$156.02	+6.53 4.36%	$156.42	$146.73	6.33%	586,142 78.99%	742,000
Most Recent Note for INMD - 9/22/2021 12:36:57 PM Hitting yet another new all-time high with today's gain after a gap up big volume-driven gain on the prior session, getting very extended from any sound base. Found support above its 50 DMA line during its ongoing ascent. Reported Jun '21 quarterly earnings +325% on +184% sales revenues versus the year ago period, marking its 4th consecutive quarterly comparison above the fact-based investment system's +25% minimum earnings guideline (C criteria). This Israel-based Medical - Systems/Equipment firm completed its $14 IPO on 8/08/19.
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INOV - NASDAQ - COMPUTER SOFTWARE and SERVICES - Healthcare Information Service Inovalon Holdings, Inc	$40.49	-0.06 -0.15%	$40.60	$40.99	-1.22%	1,303,990 114.28%	1,141,000
Most Recent Note for INOV - 9/22/2021 12:37:16 PM Gapped up following M&A news on 8/19/21 hitting another new 52-week high. Found support at its 50 DMA line in recent months when consolidating. Reported improved results in the Dec '20, Mar and Jun '21 quarters but fundamental concerns remain.
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NOVT - NASDAQ - Elec-Scientific/Msrng Novanta Inc	$161.01	+3.68 2.34%	$161.70	$156.21	3.07%	85,436 93.89%	91,000
Most Recent Note for NOVT - 9/22/2021 12:37:41 PM Hitting a new 52-week high with today's 2nd consecutive volume-driven gain. Reported earnings +29% on +16% sales revenues for the Jun '21 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria) and there was a downturn in FY '19-20 annual earnings (A criteria). Made choppy progress since dropped from the Featured Stocks list on 10/05/18.
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SAH - NYSE - SPECIALTY RETAIL - Auto Dealerships Sonic Automotive Cl A	$55.10	+1.32 2.45%	$56.62	$58.00	-5.00%	262,907 90.04%	292,000
Most Recent Note for SAH - 9/22/2021 12:39:18 PM Challenging its all-time high with today's volume-driven gain adding to a recent spurt. Found support near its 50 DMA line during the recent consolidation. Reported very strong Mar and Jun '21 quarterly results versus year ago periods. Prior quarterly comparisons were erratic with sub par sales revenues growth. Its up and down annual earnings (A criteria) history is not a great match with the fact-based investment system's fundamental guidelines.
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TASK - NASDAQ - Computer-Tech Services Taskus Inc Class A	$76.08	-0.22 -0.29%	$79.18	$78.80	-3.45%	504,531 78.10%	646,000
Most Recent Note for TASK - 9/22/2021 12:39:55 PM Very extended from any sound base and at its all-time high today following 5 consecutive volume-driven gains. Limited history is a concern since it completed its $23 IPO on 6/11/21. Reported strong Jun '21 quarterly results.
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TECK - NYSE - Mining-Metal Ores Teck Resources Ltd	$24.81	+1.62 6.96%	$25.57	$27.08	-8.40%	4,573,052 95.65%	4,781,000
Most Recent Note for TECK - 9/22/2021 12:41:22 PM Rebounding today after a pullback from its 52-week high with 4 consecutive volume-driven losses testing its 50 DMA line ($22.67). Reported strong Mar and Jun '21 quarterly results versus the year ago periods. Fundamental concerns remain due to its erratic earnings and sales revenues history.
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TGNA - NYSE - Media-Radio/Tv Tegna Inc	$21.54	-0.08 -0.37%	$21.83	$21.52	0.09%	1,258,609 99.42%	1,266,000
Most Recent Note for TGNA - 9/22/2021 12:43:43 PM Gapped up on the prior session and it made quick progress through resistance to hit a new 52-week high. Reported stronger sales revenues increases with improved earnings recent quarterly comparisons through Jun '21. 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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TIXT - NYSE - Computer-Tech Services Telus International Inc	$34.94	-2.04 -5.50%	$35.83	$36.99	-5.56%	368,551 203.62%	181,000
Most Recent Note for TIXT - 9/22/2021 12:46:14 PM Gapped down today retreating from its all-time high. Reported strong Mar and Jun '21 quarterly results versus the year ago periods. Limited history is a concern. Completed its $25 IPO on 2/03/21.
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WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$92.53	+4.53 5.15%	$93.55	$89.34	3.57%	165,456 117.34%	141,000
Most Recent Note for WIRE - 9/22/2021 12:49:19 PM Hitting a new 52-week high with today's 3rd consecutive volume-driven gain after consolidating in an orderly fashion above its 50 DMA line ($81.86). Reported earnings +999% on +194% sales revenues for the Jun '21 quarter versus the year ago period, its 4th strong earnings comparison. Showed impressive acceleration in its sales revenues growth rate in sequential comparisons. Fundamental concerns remain. Prior mid-day reports noted - "Erratic annual earnings (A criteria) history makes it a questionable candidate, fundamentally."
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WMG - NASDAQ - Leisure-Services Warner Music Group Cl A	$43.36	-1.65 -3.66%	$44.24	$41.59	4.24%	1,498,397 208.69%	718,000
Most Recent Note for WMG - 9/22/2021 12:50:34 PM Pulling back today after a considerable gap up and volume-driven gain on the prior session hitting a new 52-week high. Held its ground following a streak of volume-driven gains after the 9/13/21 mid-day report noted - "Reported strong Jun '21 quarterly results 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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