Mid-Day Breakouts Report - Thursday, September 29th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, SEPTEMBER 29TH, 2022
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DOW 29366.46 -317.28 (-1.07%) | NASDAQ 10748.33 -303.31 (-2.74%) | S&P 500 3647.77 -71.27 (-1.92%)

Time of Screening : 9/29/2022 12:07:01 PM Report Released : 9/29/2022 12:20:27 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
ESQ - NASDAQ Esquire Financial Holdings	$36.50	-0.78 -2.09%	$37.18	14,164 54.48% of 50 DAV 50 DAV is 26,000	$41.68 -12.43%	7/26/2022	$37.74	PP = $39.19 MB = $41.15
Most Recent Note - 9/29/2022 12:11:49 PM G - Color code was changed to green after slumping below its 50 DMA line ($37.94) during a 4 session losing streak, raising greater concerns while slumping well below the pivot point. 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 9/20/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACGL - NASDAQ - INSURANCE - Property & Casualty Insurance Arch Capital Group Ltd	$45.40	+0.93 2.09%	$45.56	$50.73	-10.51%	934,108 72.58%	1,287,000
Most Recent Note for ACGL - 9/29/2022 12:08:30 PM Posting a 3rd consecutive gain after a pullback. Reported earnings +34% on -14% sales revenues for the Jun '22 quarter. Sub par sales revenues growth and its up and down annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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ATCO - NYSE - Finance-Investment Mgmt Atlas Corp	$13.97	-0.14 -0.96%	$14.17	$16.23	-13.96%	1,316,067 93.74%	1,404,000
Most Recent Note for ATCO - 9/29/2022 12:08:51 PM Consolidating since a gap up on 8/05/22 following M&A news.
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EBC - NASDAQ - Banks-Northeast Eastern Bankshares Inc	$20.02	-0.06 -0.30%	$20.15	$22.35	-10.43%	307,794 53.25%	578,000
Most Recent Note for EBC - 9/29/2022 12:10:16 PM Two of the past 3 quarterly comparisons through Jun'22 versus the year ago periods were above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$31.71	-1.15 -3.50%	$32.26	$36.99	-14.27%	579,673 109.37%	530,000
Most Recent Note for FLNG - 9/29/2022 12:12:39 PM Rebounded near its 50 DMA line ($32.79) but it is meeting resistance. Reported Jun '22 quarterly earnings +246% on +28% sales revenues versus the year ago period. Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period, while prior quarterly comparisons had shown stronger sales and earnings increases. The big downturn in FY '20 annual earnings (A criteria) is a fundamental flaw with respect to the strict guidelines of the fact-based investment system.
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FVCB - NASDAQ - Banks-Southeast FVC Bancorp Inc	$19.38	+0.16 0.81%	$19.38	$21.90	-11.53%	16,703 61.86%	27,000
Most Recent Note for FVCB - 9/29/2022 12:13:39 PM Consolidating below its 200 DMA line in recent months. Prior mid-day reports noted - "Sub par earnings and sales revenues growth history for this thinly traded Bank."
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$220.03	-1.98 -0.89%	$222.30	$232.47	-5.35%	273,727 74.18%	369,000
Most Recent Note for HUBB - 9/29/2022 12:15:08 PM Stalled and encountered distributional pressure after noted in the 9/22/22 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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IBEX - NASDAQ - Computer- Tech Services Ibex Ltd	$17.74	-0.29 -1.61%	$18.29	$20.69	-14.26%	17,717 73.82%	24,000
Most Recent Note for IBEX - 9/29/2022 12:15:22 PM Reported improved earnings in the Mar and Jun '22 quarters versus the year ago periods, but fundamental concerns remain. Limited history since its $19 IPO on 8/07/20.
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ICFI - NASDAQ - DIVERSIFIED SERVICES - Business/Management Services I C F International Inc	$109.55	+0.62 0.57%	$109.78	$111.10	-1.40%	52,460 61.00%	86,000
Most Recent Note for ICFI - 9/29/2022 12:16:32 PM Perched within striking distance of its all-time high. Reported earnings +12% on +8% 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) and its sales revenues growth rate was lackluster.
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ISSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Innovative Sltn & Supprt	$9.04	+0.04 0.39%	$9.12	$9.90	-8.74%	33,465 45.22%	74,000
Most Recent Note for ISSC - 9/29/2022 12:17:05 PM Still perched within striking distance of its 52-week high after a recent spurt higher. Reported Jun '22 quarterly earnings -50% on +12% sales revenues versus the year ago period. Prior quarterly comparisons showed greatly improved earnings and sales revenues increases over the year ago periods, however, quarterly sales revenues totals in the $5-7 million range are rather minuscule compared to most publicly traded companies. Annual earnings history has been strong after a downturn and loss in FY '18, not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Fundamental concerns remain. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/05.
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$330.39	-3.99 -1.19%	$334.68	$341.70	-3.31%	1,770,064 63.56%	2,785,000
Most Recent Note for LLY - 9/29/2022 12:17:40 PM Gapped up on the prior session and hit a new all-time high, recovering from below its 50 DMA line ($314) which had acted as resistance. 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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NBIX - NASDAQ - DRUGS - Biotechnology Neurocrine Biosciences	$101.09	-1.75 -1.70%	$102.57	$109.26	-7.48%	352,227 48.92%	720,000
Most Recent Note for NBIX - 9/29/2022 12:18:30 PM Noted with caution in prior mid-day reports - "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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PLMR - NASDAQ - INSURANCE - Property & Casualty Insurance Palomar Holdings Inc	$86.62	-0.24 -0.27%	$86.92	$97.18	-10.87%	67,690 47.01%	144,000
Most Recent Note for PLMR - 9/29/2022 12:18:48 PM Noted with caution in prior mid-day reports - "Through the Jun '22 quarter its quarterly and annual earnings (C and A criteria) history has been erratic. Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20."
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PNM - NYSE - Utility-Electric Power P N M Resources Inc	$46.25	-0.31 -0.67%	$46.49	$50.11	-7.70%	351,764 65.63%	536,000
Most Recent Note for PNM - 9/29/2022 12:19:14 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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STOR - NYSE - Finance-Property REIT STORE Capital Corp	$31.36	-0.14 -0.43%	$31.52	$36.13	-13.22%	4,020,243 85.72%	4,690,000
Most Recent Note for STOR - 9/29/2022 12:19:29 PM Consolidating since a gap 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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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$133.78	-1.74 -1.28%	$135.37	$148.04	-9.63%	2,210,235 50.30%	4,394,000
Most Recent Note for TMUS - 9/29/2022 12:20:20 PM Violated its 50 DMA line and slumped near its 200 DMA line ($129.35). Faces resistance due to overhead supply up to the $150 level. Reported Jun '22 quarterly earnings +30% on -1% sales revenues versus the year ago period. Completed a new Public Offering on 6/25/20. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria) and sub par sales revenues growth is a concern. Annual earnings (A criteria) had a downturn in FY '20.
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