Mid-Day Breakouts Report - Thursday, October 6th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, OCTOBER 6TH, 2022
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DOW 30182.93 -90.94 (-0.30%) | NASDAQ 11154.17 5.54 (0.05%) | S&P 500 3773.71 -9.57 (-0.25%)

Time of Screening : 10/6/2022 12:10:28 PM Report Released : 10/6/2022 12:46:02 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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
ATCO - NYSE - Finance-Investment Mgmt Atlas Corp	$14.00	-0.05 -0.36%	$14.08	$16.23	-13.74%	1,067,324 66.67%	1,601,000
Most Recent Note for ATCO - 10/6/2022 12:12:14 PM Consolidating since a gap up on 8/05/22 following M&A news.
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BP - NYSE - ENERGY - Major Integrated Oil & Gas B P Plc Adr	$30.95	-0.44 -1.39%	$31.04	$34.30	-9.78%	8,648,922 80.77%	10,708,000
Most Recent Note for BP - 10/6/2022 12:13:37 PM Rebounded above its 50 and 200 DMA lines with recently noted gains. Recent quarterly comparisons through Jun '22 have shown solid increases. Its annual earnings history has been erratic.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$38.62	+0.95 2.52%	$38.95	$38.60	0.05%	259,711 65.25%	398,000
Most Recent Note for DGII - 10/6/2022 12:14:39 PM Perched at its 52-week high with today's gain adding to noted volume-driven gains. Its 50 DMA line ($33.67) and prior lows in the $31 area define near-term support to watch. 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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HES - NYSE - ENERGY - Oil &; Gas Refining &; Marketing Hess Corp	$128.68	+1.77 1.39%	$129.91	$131.44	-2.10%	1,086,366 58.85%	1,846,000
Most Recent Note for HES - 10/6/2022 12:20:06 PM Quickly rebounded from its 200 DMA to challenge its 52-week high with today's 7th volume-driven gain in 8 sessions. It showed very strong sales revenues and earnings increases in the Jun '22 quarter versus the year ago period, its 6th strong quarterly comparison. Annual earnings history has not been a match with the fundamental guidelines of the fact-based investment system.
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LLY - NYSE - Medical-Diversified Lilly Eli & Co	$333.96	+2.18 0.66%	$339.26	$341.70	-2.27%	2,385,869 81.43%	2,930,000
Most Recent Note for LLY - 10/6/2022 12:23:44 PM Hovering near its all-time high since a noted gap up from below its 50 DMA line on 9/28/22. 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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LPLA - NASDAQ - Finance-Invest Bnk/Bkrs L P L Financial Holdings	$246.39	+5.00 2.07%	$246.58	$242.82	1.47%	403,821 50.86%	794,000
Most Recent Note for LPLA - 10/6/2022 12:26:54 PM Inching into new all-time high territory with today's 5th consecutive gain backed by ever-increasing volume. Found support near its 50 DMA line ($225) since last noted in the 9/26/22 mid-day report with caution - "Reported earnings +21% on +7% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system."
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LW - NYSE - Food-Packaged Lamb Weston Holdings Inc	$83.50	+1.35 1.64%	$84.45	$83.65	-0.18%	980,324 64.50%	1,520,000
Most Recent Note for LW - 10/6/2022 12:29:41 PM Up today for a 3rd consecutive volume-driven gain, rallying above its 50 DMA line ($79.77) and above its August high toward its 2021 high. Reported Aug '22 quarterly earnings +317% on +14% sales revenues versus the year ago period, its 3rd strong quarter. Annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$14.69	+0.45 3.16%	$15.07	$14.49	1.38%	137,162 198.79%	69,000
Most Recent Note for MVO - 10/6/2022 12:30:30 PM Hitting another new all-time high with today's 5th consecutive gain backed by ever-increasing volume. Prior mid-day reports noted - "Found support near its 200 DMA line in recent months. Recent quarterly comparisons through Jun '22 showed sales revenues and earnings greatly improving over the year ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$8.45	-0.30 -3.43%	$8.66	$9.69	-12.80%	53,500 62.94%	85,000
Most Recent Note for QRHC - 10/6/2022 12:31:10 PM Pulling back from its 52-week high this week following a noted spurt of gains marked by volume. 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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RELL - NASDAQ - Elec-Misc Products Richardson Electrs	$18.54	+3.20 20.86%	$18.65	$18.11	2.37%	666,787 453.60%	147,000
Most Recent Note for RELL - 10/6/2022 12:34:24 PM Gapped up today and powered to a new 52-week high with a considerable volume-driven gain. Found support at its 200 DMA line during its consolidation since last noted in the 8/03/22 mid-day report. Quarterly earnings growth has been strong through the Aug '22 quarter versus year ago periods. Erratic annual earnings (A criteria) history is a concern, so fundamentals are below the guidelines of the investment system.
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RPM - NYSE - MATERIALS & CONSTRUCTION - General Building Materials R P M International Inc	$96.31	+3.44 3.70%	$96.49	$101.48	-5.09%	342,232 60.47%	566,000
Most Recent Note for RPM - 10/6/2022 12:36:55 PM Rebounding well above its 50 DMA line near the prior high with today's 4th consecutive gain backed by ever-increasing volume. Faces little resistance due to overhead supply up to the $101 level. Noted with caution in the 10/05/22 mid-day report - "Reported Aug '22 quarterly earnings +36% on +17% sales revenues versus the year ago period but fundamental concerns remain. Quarterly and annual earnings history (C and A criteria) along with sub par sales revenues growth rate is not a match with the fact-based investment system's guidelines."
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RSG - NYSE - MATERIALS & CONSTRUCTION - Waste Management Republic Services Inc	$135.56	-5.61 -3.97%	$140.23	$149.17	-9.12%	744,845 69.55%	1,071,000
Most Recent Note for RSG - 10/6/2022 12:37:57 PM This waste collection firm is pulling back from its all-time high toward its 200 DMA line. Last noted with caution in the 9/16/22 mid-day report - "Through the Jun '22 quarter it has not shown strong and steady quarterly earnings increases above the +25% minimum guideline (C criteria) and fundamental concerns remain."
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SMBK - NASDAQ - Banks-Southeast Smart Financial Inc	$24.90	-0.44 -1.74%	$25.22	$28.63	-13.03%	15,887 79.44%	20,000
Most Recent Note for SMBK - 10/6/2022 12:39:32 PM Consolidating below its 50 and 200 DMA lines. Fundamentals are not a match with the fact-based investment system's guidelines. Reported earnings +2% on +24% sales revenues for the Jun '22 quarter versus the year ago period. Annual earnings (A criteria) growth has been strong and steady. Completed a new Public Offering on 1/26/17.
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STZ - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Constellation Brands A	$230.77	-5.18 -2.20%	$235.40	$261.53	-11.76%	1,325,756 139.26%	952,000
Most Recent Note for STZ - 10/6/2022 12:40:47 PM Huge New York-based Beverages - Alcoholic firm is slumping further below its 200 DMA line today and it undercut the prior low ($230). Noted with caution in the 8/22/22 mid-day report "Reported earnings +14% on +17% sales revenues for the May '22 quarter versus the year ago period. Fundamental concerns remain due to sub par sales revenues growth and earnings in prior quarterly comparisons not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth had a slight downturn in FY '20."
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TGNA - NYSE - Media-Radio/Tv Tegna Inc	$20.49	-0.57 -2.68%	$20.85	$23.04	-11.09%	1,327,507 133.96%	991,000
Most Recent Note for TGNA - 10/6/2022 12:41:05 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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WCN - NYSE - MATERIALS & CONSTRUCTION - Waste Management Waste Connections Inc	$132.28	-9.53 -6.72%	$141.19	$148.20	-10.74%	2,192,614 231.78%	946,000
Most Recent Note for WCN - 10/6/2022 12:42:51 PM Abruptly slumping well below its 50 DMA line with today's big loss testing its 200 DMA line ($131). Stalled and encountered distributional pressure after reaching a new all-time high and noted with caution in prior mid-day reports - "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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WM - NYSE - BANKING - Savings & Loans Waste Management Inc	$161.28	-5.35 -3.21%	$165.75	$175.98	-8.35%	1,387,986 83.06%	1,671,000
Most Recent Note for WM - 10/6/2022 12:44:55 PM Slumping today near the prior low and its 200 DMA line ($158) while encountering distributional pressure. Last noted with caution in the 9/16/22 mid-day report - "Quarterly comparisons through Jun '22 have not been strong and steady above the +25% minimum guideline (C criteria) and annual earnings (A criteria) had a downturn in FY '20."
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XOM - NYSE - ENERGY - Major Integrated Oil & Gas Exxon Mobil Corp	$100.86	+1.74 1.76%	$101.14	$105.57	-4.46%	12,486,904 63.53%	19,656,000
Most Recent Note for XOM - 10/6/2022 12:45:55 PM Rallying within striking distance of multi-year highs with today's 4th consecutive gain. Found prompt support at its 200 DMA line ($85.66). Noted with caution in prior mid-day reports - "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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