Mid-Day Breakouts Report - Tuesday, October 18th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, OCTOBER 18TH, 2022
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DOW 30385.7 199.88 (0.66%) | NASDAQ 10701.25 25.45 (0.24%) | S&P 500 3694.12 16.17 (0.44%)

Time of Screening : 10/18/2022 12:06:41 PM Report Released : 10/18/2022 12:48:07 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

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
CMC - NYSE Commercial Metals Co	$43.40	+0.88 2.07%	$43.99	577,359 63.24% of 50 DAV 50 DAV is 913,000	$46.68 -7.03%	10/14/2022	$41.61	PP = $44.45 MB = $46.67
Most Recent Note - 10/18/2022 12:19:30 PM Y - Challenging its August high with today's volume-driven gain adding to a recent spurt. Highlighted in yellow in the 10/14/22 mid-day report with pivot point cited based on its 8/11/22 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Faces little resistance due to overhead supply up to the $46 level. Reported Aug '22 quarterly earnings +94% on +19% sales revenues versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings growth has been 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 10/14/2022. Click here.
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ESQ - NASDAQ Esquire Financial Holdings	$40.02	+1.14 2.93%	$40.70	17,958 71.83% of 50 DAV 50 DAV is 25,000	$41.68 -3.98%	10/18/2022	$40.02	PP = $39.95 MB = $41.95
Most Recent Note - 10/18/2022 12:27:53 PM Y - Color code is changed to yellow with new pivot point cited based on its 9/16/22 high plus 10 cents. Posting a big gain today with above average volume, a strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Recent rebound above the 50 DMA line ($38.38) helped its outlook improve. Very little near-term resistance remains up to the $41.68 level. 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 10/7/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AFG - NYSE - INSURANCE - Property & Casualty Insurance American Financial Group	$130.73	-0.42 -0.32%	$134.00	$143.84	-9.11%	186,297 59.33%	314,000
Most Recent Note for AFG - 10/18/2022 12:13:41 PM Sputtering below its 200 DMA line ($131.86). Reported Jun '22 quarterly earnings +19% on +1% sales revenues versus the year ago period. Lackluster sales revenues growth is a concern. Annual earnings (A criteria) had a downturn in FY '20, not a match with the fact-based investment system's guidelines.
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ATCO - NYSE - Finance-Investment Mgmt Atlas Corp	$14.86	+0.00 0.00%	$14.99	$16.23	-8.44%	1,441,972 80.69%	1,787,000
Most Recent Note for ATCO - 10/18/2022 12:13:55 PM Consolidating since a gap up on 8/05/22 following M&A news. Annual earnings (A criteria) history has been erratic.
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BAH - NYSE - Comml Svcs-Consulting Booz Allen Hamilton Cl A	$99.37	+2.94 3.04%	$99.45	$99.32	0.05%	378,403 51.48%	735,000
Most Recent Note for BAH - 10/18/2022 12:15:16 PM Gapped up today hitting a new 52-week high and challenging its all-time high. Reported earnings +6% on +13% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly earnings increases were below the +25% minimum earnings guideline (C criteria) with sub par sales revenues growth. This Commercial Services - Consulting firm's annual earnings history (A criteria) has been steady.
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BP - NYSE - ENERGY - Major Integrated Oil & Gas B P Plc Adr	$30.05	-0.43 -1.41%	$30.80	$34.30	-12.39%	5,269,612 51.44%	10,245,000
Most Recent Note for BP - 10/18/2022 12:15:29 PM Consolidating near its 50 and 200 DMA lines. Prior mid-day reports cautioned members - "Recent quarterly comparisons through Jun '22 have shown solid increases. Its annual earnings history has been erratic."
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CBZ - NYSE - Comml Svcs-Consulting C B I Z Inc	$45.27	+0.66 1.48%	$46.07	$48.47	-6.60%	117,897 53.11%	222,000
Most Recent Note for CBZ - 10/18/2022 12:17:00 PM Rebounded above its 50 DMA line ($44.73) with recent gains. Prior mid-day reports cautioned members - "Reported earnings +26% on +30% sales revenues for the Jun '22 quarter versus the year ago period. Fundamental concerns remain. Prior earnings history is not a match with the fact-based investment system's guidelines (C and A criteria)."
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$73.67	-0.48 -0.64%	$74.00	$75.49	-2.42%	10,507,249 659.59%	1,593,000
Most Recent Note for CLR - 10/18/2022 12:17:32 PM Gapped up the prior session following M&A news. Following 6/14/22 M&A news it reported earnings +281% on +115% sales revenues for the Jun '22 quarter versus the year ago period. Prior earnings history has been erratic and not a match with the investment system's guidelines.
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DAR - NYSE - Agricultural Operations Darling International	$74.85	-2.16 -2.80%	$78.68	$87.59	-14.55%	767,732 62.57%	1,227,000
Most Recent Note for DAR - 10/18/2022 12:20:59 PM Reversed into the red after early gains today again challenging its Aug-Sep highs. Faces resistance due to overhead supply up to the $87 level. Reported earnings +5% on +38% sales revenues for the Jun '22 quarter versus the year ago period, breaking a streak of 5 strong quarterly comparison showing solid sales revenues and earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong after a downturn in FY '16 and '17.
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EME - NYSE - MATERIALS & CONSTRUCTION - General Contractors Emcor Group Inc	$127.56	+0.13 0.10%	$131.57	$135.98	-6.19%	152,794 53.24%	287,000
Most Recent Note for EME - 10/18/2022 12:22:35 PM Challenged its all-time high with today's early gain. Reported earnings +12% on +11% sales revenues for the Jun '22 quarter, and fundamental concerns remain. 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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FVCB - NASDAQ - Banks-Southeast FVC Bancorp Inc	$20.00	+0.27 1.37%	$20.24	$21.90	-8.68%	64,473 268.64%	24,000
Most Recent Note for FVCB - 10/18/2022 12:29:33 PM Rising near its 200 DMA line ($19.90) with today's 4th consecutive small gain backed by ever-increasing volume. Prior mid-day reports noted - "Sub par earnings and sales revenues growth history for this thinly traded Bank."
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$7.09	+0.08 1.14%	$7.15	$7.23	-1.94%	392,284 119.24%	329,000
Most Recent Note for GLOP - 10/18/2022 12:33:02 PM Challenging its 52-week high with today's 11th gain in the span of 12 sessions. Found prompt support after undercutting its 200 DMA line since 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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GRIN - NASDAQ - Transportation-Ship Grindrod Shipping Holdings	$25.57	-0.09 -0.35%	$25.60	$28.98	-11.77%	540,192 159.35%	339,000
Most Recent Note for GRIN - 10/18/2022 12:33:16 PM This Singapore-based Transportation - Ship firm is consolidating after 8/29/22 M&A news. Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. After years of losses it had a profitable FY '21.
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GTLS - NASDAQ - ENERGY - Oil &; Gas Equipment &; Services Chart Industries Inc	$190.16	-2.27 -1.18%	$202.03	$218.95	-13.15%	182,873 55.58%	329,000
Most Recent Note for GTLS - 10/18/2022 12:35:11 PM Pulled back its all-time high and slumped below its 50 DMA line ($195.76) since last noted with caution in the 9/15/22 mid-day report - "Reported Jun '22 quarterly earnings +10% on +26% sales revenues versus the year ago period. Fundamental concerns remain."
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IBN - NYSE - BANKING - Money Center Banks Icici Bank Ltd Adr	$21.75	-0.06 -0.28%	$22.15	$23.49	-7.41%	6,588,214 85.38%	7,716,000
Most Recent Note for IBN - 10/18/2022 12:36:37 PM Slumped since noted with caution in the 9/15/22 mid-day report near its all-time high and it has been sputtering below its 50 DMA line ($21.90). This India-based bank reported Jun '22 quarterly earnings +44% on +4% sales revenues versus the year ago period. Fundamental concerns remain. Prior history has not shown strong or steady quarterly earnings or sales revenues growth.
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LMT - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense - Major Lockheed Martin Corp	$421.16	+23.85 6.00%	$423.20	$479.99	-12.26%	1,646,764 148.76%	1,107,000
Most Recent Note for LMT - 10/18/2022 12:38:23 PM Rebounding above its 50 and 200 DMA lines with today's considerable volume-driven gain after reporting Sep '22 quarterly earnings +4% above the year ago period. 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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MLI - NYSE - MANUFACTURING - Metal Fabrication Mueller Industries Inc	$62.30	+2.19 3.64%	$63.35	$70.38	-11.48%	195,824 68.23%	287,000
Most Recent Note for MLI - 10/18/2022 12:39:30 PM Sputtering below its 50 DMA line ($63.18) in recent weeks. Reported Jun '22 quarterly earnings +90% on +14% sales revenues versus the year ago period. Recent quarterly earnings have been strong and steady above the +25% minimum guideline (C criteria). Annual earnings history had a slight downturn in FY '19, not a great match with the fact-based investment system's guidelines.
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NWPX - NASDAQ - METALS & MINING - Steel & Iron Northwest Pipe Company	$31.64	+0.75 2.43%	$31.89	$34.94	-9.44%	24,467 56.90%	43,000
Most Recent Note for NWPX - 10/18/2022 12:40:09 PM Rebounding above its 50 DMA line with today's gain. Prior mid-day reports noted - "Reported strong Mar and Jun '22 quarterly results versus the year ago periods, but fundamental concerns remain. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines."
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NXST - NASDAQ - MEDIA - Broadcasting - TV Nexstar Broadcasting Grp	$181.01	+3.59 2.02%	$182.48	$204.62	-11.54%	180,227 60.89%	296,000
Most Recent Note for NXST - 10/18/2022 12:41:57 PM Rebounding after slumping below its 200 DMA line since last noted with caution in the 8/15/22 mid-day report - "Reported Jun '22 earnings +23% on +10% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria). There was a downturn in FY '19 earnings (A criteria). It was dropped from the Featured Stocks list on 5/24/19."
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RELL - NASDAQ - Elec-Misc Products Richardson Electrs	$20.35	+0.92 4.73%	$20.80	$20.62	-1.31%	107,236 61.99%	173,000
Most Recent Note for RELL - 10/18/2022 12:43:04 PM Gapped up today and powered to another new 52-week high with a considerable volume-driven gain. Noted in prior mid-day reports - "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	$27.69	+0.32 1.17%	$28.15	$28.63	-3.28%	15,755 75.02%	21,000
Most Recent Note for SMBK - 10/18/2022 12:45:59 PM Challenging its 52-week and all-time highs with today's considerable volume-driven gain adding to a recent spurt from below its 50 and 200 DMA lines since last noted with caution in the 10/12/22 mid-day report - "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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UFPT - NASDAQ - CONSUMER NON-DURABLES - Packaging & Containers U F P Tech Inc	$88.97	+0.83 0.94%	$90.04	$100.64	-11.60%	22,139 56.77%	39,000
Most Recent Note for UFPT - 10/18/2022 12:46:16 PM Reported earnings +89% on +86% 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). Annual earnings (A criteria) history has not been strong and steady.
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VOC - NYSE - Oil&Gas-Royalty Trust V O C Energy Trust	$8.04	-0.19 -2.31%	$8.35	$8.44	-4.74%	60,661 60.66%	100,000
Most Recent Note for VOC - 10/18/2022 12:47:01 PM Perched within close striking distance of its 52-week high today following 14 gains in the prior 15 sessions. Recent quarterly comparisons through Jun '22 showed great percentage earnings increases over the year ago periods. Sales revenues totals have been rather minuscule relative to most publicly traded companies worthy of serious consideration under the fact-based investment system.
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WAFD - NASDAQ - Finance-Savings & Loan Washington Federal Inc	$36.78	+0.27 0.73%	$37.42	$38.06	-3.38%	253,460 72.83%	348,000
Most Recent Note for WAFD - 10/18/2022 12:47:58 PM Gapped up again today rallying toward its 52-week high with a 7th consecutive volume-driven gain after rebounding above its 50 and 200 DMA lines last week. Reported earnings +49% on +26% sales revenues for the Sep '22 quarter. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Prior earnings history for this financial firm is not a match with the fact-based investment system's guidelines."
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