Mid-Day Breakouts Report - Tuesday, October 11th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 11TH, 2022
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DOW 29426.66 223.78 (0.77%) | NASDAQ 10503.81 -38.29 (-0.36%) | S&P 500 3608.65 -3.74 (-0.10%)

Time of Screening : 10/11/2022 12:32:13 PM Report Released : 10/11/2022 12:54:18 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 60% of 50 Day Average at the time of the screening.
More details about this report...

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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
AMGN - NASDAQ - DRUGS - Biotechnology Amgen Inc	$246.23	+14.08 6.07%	$250.48	$258.45	-4.73%	3,689,119 144.22%	2,558,000
Most Recent Note for AMGN - 10/11/2022 12:33:53 PM Gapped up today and rebounded above its 50 and 200 DMA lines with a considerable volume-driven gain. Last noted with caution in the 9/12/22 mid-day report - "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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DEN - NYSE - Oil&Gas-Intl Expl&Prod Denbury Inc	$99.41	+0.39 0.39%	$100.47	$104.05	-4.46%	626,018 74.44%	841,000
Most Recent Note for DEN - 10/11/2022 12:35:01 PM After a volume-driven gain it is perched at a new 52-week high. Quarterly comparisons have been very strong through Jun '22 versus the year ago periods. The company previously went through bankruptcy, then reemerged and rallied impressively.
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$6.34	+0.52 8.93%	$6.34	$7.23	-12.31%	454,630 150.04%	303,000
Most Recent Note for GLOP - 10/11/2022 12:36:37 PM Rebounding toward its prior highs. Found prompt support after undercutting its 200 DMA line since last noted with caution in the 9/14/22 mid-day report - "Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain."
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$8.27	+0.13 1.60%	$8.39	$8.93	-7.39%	48,740 62.49%	78,000
Most Recent Note for LYTS - 10/11/2022 12:37:26 PM 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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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$102.95	-2.09 -1.99%	$107.67	$117.01	-12.02%	103,135 65.28%	158,000
Most Recent Note for MGPI - 10/11/2022 12:39:23 PM Slumped from near its all-time high and below its 50 DMA line ($109.42). Noted with caution in prior mid-day reports - "Reported earnings -9% on +11% sales revenues for the Jun '22 quarter versus the year ago period. Two of the past 3 quarterly comparisons were below the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases."
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$13.82	+0.59 4.47%	$13.82	$15.13	-8.65%	74,869 95.99%	78,000
Most Recent Note for MVO - 10/11/2022 12:40:16 PM Pulled back abruptly on the prior session after touching a new all-time high. 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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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$22.61	-1.08 -4.56%	$23.81	$23.80	-5.00%	334,442 75.84%	441,000
Most Recent Note for PGTI - 10/11/2022 12:47:56 PM Pulling back today after reaching a new 52-week high with a volume-driven gain as the prior mid-day report cautioned members - "Overhead supply remains to act as resistance up to the $28 level. Reported earnings +272% on +42% sales revenues for the Jun '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18."
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PSO - NYSE - MEDIA - Publishing - Newspapers Pearson Plc Adr	$10.07	-0.04 -0.35%	$10.11	$11.07	-9.00%	373,584 112.87%	331,000
Most Recent Note for PSO - 10/11/2022 12:48:05 PM Fundamental concerns remain. Sales revenues have been waning and its annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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RELL - NASDAQ - Elec-Misc Products Richardson Electrs	$19.63	+0.24 1.24%	$20.01	$20.62	-4.80%	107,806 64.17%	168,000
Most Recent Note for RELL - 10/11/2022 12:48:44 PM Powered to a new 52-week highs with a streak of considerable volume-driven gains. Found support at its 200 DMA line during its consolidation since 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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SMBK - NASDAQ - Banks-Southeast Smart Financial Inc	$24.94	+0.18 0.73%	$25.07	$28.63	-12.89%	19,473 97.37%	20,000
Most Recent Note for SMBK - 10/11/2022 12:49:02 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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VTRU - NASDAQ - Consumer Svcs-Education Vitru Ltd	$18.92	-1.07 -5.35%	$19.52	$21.69	-12.77%	50,096 178.91%	28,000
Most Recent Note for VTRU - 10/11/2022 12:49:43 PM Traded in a wider than usual intra-day range and churned higher volume since hitting a new 52-week high with a breakout and volume-driven gain on 9/22/22. Quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings history (A criteria) has not been strong and steady and include a downturn in FY '21.
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WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$134.83	+2.93 2.22%	$136.27	$151.64	-11.09%	200,958 72.29%	278,000
Most Recent Note for WIRE - 10/11/2022 12:51:59 PM Rebounding again toward previously stubborn resistance in the $146-151 area. Undercut its 200 DMA line during its consolidation since last noted in the 8/18/22 mid-day report - "Reported earnings +21% on +13% sales revenues for the Jun '22 quarter versus the year ago period, breaking a streak of 7 strong quarterly earnings comparisons well above the +25% minimum guideline (C criteria). Showing worrisome deceleration in its sales revenues growth rate in sequential comparisons. Fundamental concerns remain. Erratic annual earnings (A criteria) history makes it not a good match with the fact-based investment system's fundamental guidelines."
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WNS - NYSE - DIVERSIFIED SERVICES - Business/Management Services W N S Holdings Ltd Ads	$82.67	+1.15 1.40%	$83.07	$91.48	-9.64%	137,378 96.07%	143,000
Most Recent Note for WNS - 10/11/2022 12:53:34 PM India-based Commercial Services - Outsourcing firm is finding support today near its 200 DMA line. Sputtered from near its all-time high since last noted with caution in the 8/19/22 mid-day report - "Reported Jun '22 quarterly earnings +18% on +17% sales revenues versus the year ago period. Prior comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system."
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