Mid-Day Breakouts Report - Thursday, September 22nd, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 22ND, 2022
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DOW 30070.7 -113.08 (-0.37%) | NASDAQ 11089.81 -130.39 (-1.16%) | S&P 500 3765.27 -24.66 (-0.65%)

Time of Screening : 9/22/2022 12:12:55 PM Report Released : 9/22/2022 12:43:24 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% 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
CCRN - NASDAQ Cross Country Healthcare	$27.78	-1.26 -4.34%	$29.04	517,975 57.49% of 50 DAV 50 DAV is 901,000	$30.51 -8.95%	9/9/2022	$27.32	PP = $30.61 MB = $32.14
Most Recent Note - 9/22/2022 12:16:39 PM Y - Volume totals have been cooling while consolidating within striking distance of prior highs in the $30 area. Its 50 DMA line ($25.93) defines important support to watch on pullbacks. Recently reported insider buying is a reassuring sign.The market is in a correction (M criteria) and disciplined investors know to avoid new buying efforts until a new rally confirmed with a follow-through day. >>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2022. Click here.
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CLH - NYSE Clean Harbors Inc	$111.11	-4.59 -3.97%	$116.08	202,433 56.55% of 50 DAV 50 DAV is 358,000	$124.49 -10.75%	8/10/2022	$111.78	PP = $115.10 MB = $120.86
Most Recent Note - 9/22/2022 12:19:17 PM Y - A damaging loss today is raising concerns while slumping near its 50 DMA line ($109.95) which defines the next important support to watch. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2022. Click here.
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ENPH - NASDAQ Enphase Energy Inc	$287.60	-16.96 -5.57%	$306.00	2,243,672 61.05% of 50 DAV 50 DAV is 3,675,000	$324.84 -11.46%	7/28/2022	$276.66	PP = $282.55 MB = $296.68
Most Recent Note - 9/22/2022 12:25:10 PM Y - Color code is changed to yellow while pulling back below its "max buy" level for a 4th consecutive loss. Its 50 DMA line ($279.69) and recent lows in the $271-272 area define important near-term support. Fundamentals remain strong. The market is in a correction (M criteria) and disciplined investors know to avoid new buying efforts until a new rally confirmed with a follow-through day. >>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ALB - NYSE - CHEMICALS - Synthetics Albemarle Corp	$272.43	-12.60 -4.42%	$289.87	$308.24	-11.62%	691,726 55.03%	1,257,000
Most Recent Note for ALB - 9/22/2022 12:15:03 PM Stalled after hitting new 52-week highs with volume-driven gains last week. Prior mid-day reports noted - "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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DOX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Amdocs Limited	$80.66	-0.31 -0.38%	$81.09	$90.77	-11.14%	346,203 56.85%	609,000
Most Recent Note for DOX - 9/22/2022 12:20:46 PM Sputtering near its 200 DMA line ($81.17). Wedged into new 52-week high territory with gains lacking volume conviction after 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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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$33.68	-0.14 -0.41%	$33.68	$36.58	-7.93%	15,440 64.33%	24,000
Most Recent Note for FBIZ - 9/22/2022 12:27:16 PM Consolidating near its 50 DMA line after finding support at its 200 DMA line in recent weeks. Reported earnings +36% on +10% sales revenues for the Jun '22 quarter 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 guidelines.
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FCNCA - NASDAQ - BANKING - Regional - Mid-Atlantic Banks First Citizens Bancshs A	$821.04	-18.29 -2.18%	$842.97	$947.71	-13.37%	50,019 45.47%	110,000
Most Recent Note for FCNCA - 9/22/2022 12:27:31 PM Reported earnings -2% on +138% sales revenues for the Jun '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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GIS - NYSE - FOOD & BEVERAGE - Food - Major Diversified General Mills Inc	$80.62	+0.90 1.13%	$80.97	$78.54	2.65%	2,898,601 78.92%	3,673,000
Most Recent Note for GIS - 9/22/2022 12:29:33 PM Powered to a new all-time high with a gap up and volume-driven gain noted on the prior session. Reported Aug '22 quarterly earnings +12% on +6% sales revenues versus the year ago period. Prior mid-day reports cautioned members - "Sub par sales revenues increases and earnings versus year ago quarterly comparisons through May '22 versus the year ago period. Annual earnings growth has been slow and steady for this well-known name in the Food - Packaged industry group. Fundamentals fall short of the C and A criteria of the fact-based investment system."
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GWW - NYSE - WHOLESALE - Electronics Wholesale Grainger W W Inc	$507.40	-9.35 -1.81%	$516.98	$588.62	-13.80%	180,949 56.02%	323,000
Most Recent Note for GWW - 9/22/2022 12:31:49 PM Violated its 50 DMA line last week and slumping near its 200 DMA line today with losses marked by volume. Reported earnings +68% on +20% sales revenues for the quarter ended June 30, 2022 versus the year ago period marking its 4th consecutive quarterly comparison above the minimum +25% earnings guideline (C criteria). The annual earnings history for this Retail/Wholesale Building Products firm has been up and down which raises concerns with respect to the A criteria of the fact-based investment system's guidelines.
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$222.41	-4.74 -2.08%	$228.00	$227.58	-2.27%	282,511 86.13%	328,000
Most Recent Note for HUBB - 9/22/2022 12:33:49 PM Hit a new all-time high and closed with the gain but ended near the session low after noted with caution in the prior mid-day report - "Reported strong Mar and Jun '22 quarterly earnings increases above the +25% minimum. Prior earnings history is below the fact-based system's guidelines (C and A criteria)."
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$308.22	+11.74 3.96%	$309.58	$335.33	-8.08%	2,336,003 93.55%	2,497,000
Most Recent Note for LLY - 9/22/2022 12:35:49 PM Sputtering below its 50 DMA line. Dropped from the Featured Stocks list on 8/11/22. Recently reported Jun '22 quarterly earnings -32% on -4% sales revenues versus the year ago period raising fundamental concerns.
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LMT - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense - Major Lockheed Martin Corp	$421.23	+1.03 0.25%	$423.07	$479.99	-12.24%	628,028 52.64%	1,193,000
Most Recent Note for LMT - 9/22/2022 12:37:48 PM Trading in a wider than usual range intra-day for a 2nd session while finding support near its 200 DMA line ($414.56). Prior mid-day reports cautioned members - "Reported earnings -2% on -9% sales revenues for the Jun '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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MODN - NYSE - Computer Sftwr-Enterprse Model N Inc	$31.69	-0.31 -0.97%	$31.86	$37.25	-14.93%	128,073 88.33%	145,000
Most Recent Note for MODN - 9/22/2022 12:41:05 PM Faces resistance due to overhead supply up to the $48 level. Three of the 4 latest quarterly comparisons through Jun '22 have shown earnings increases above the +25% minimum guideline (C criteria). After years of losses it showed profitable results in FY '18-21 (A criteria).
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PNM - NYSE - Utility-Electric Power P N M Resources Inc	$47.04	-0.16 -0.34%	$47.39	$50.11	-6.13%	531,432 110.72%	480,000
Most Recent Note for PNM - 9/22/2022 12:41:38 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	$7.68	-0.45 -5.54%	$8.25	$8.80	-12.73%	64,733 99.59%	65,000
Most Recent Note for QRHC - 9/22/2022 12:42:45 PM Still hovering within striking distance of its 52-week high. Prior mid-day reports repeatedly cautioned members - "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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STOR - NYSE - Finance-Property REIT STORE Capital Corp	$31.77	+0.07 0.22%	$31.85	$36.13	-12.07%	3,365,696 80.33%	4,190,000
Most Recent Note for STOR - 9/22/2022 12:43:18 PM Gapped up on 9/15/22 following M&A news. Fundamental concerns remain. New CEO as of 4/15/21. Completed several new Public Offerings in 2015-2017 as this REIT rallied from its $19 IPO on 11/18/14.
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