Mid-Day Breakouts Report - Tuesday, April 19th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, APRIL 19TH, 2022
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DOW 34834.87 423.18 (1.23%) | NASDAQ 13590.76 258.4 (1.94%) | S&P 500 4450.89 59.2 (1.35%)

Time of Screening : 4/19/2022 12:18:02 PM Report Released : 4/19/2022 12:38:16 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 57.5% 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
IMKTA - NASDAQ Ingles Markets Inc Cl A	$98.62	+3.09 3.23%	$98.92	72,638 63.72% of 50 DAV 50 DAV is 114,000	$96.80 1.88%	4/11/2022	$96.25	PP = $95.75 MB = $100.54
Most Recent Note - 4/19/2022 12:30:16 PM Y - Hitting a new 52-week high today. Posted a gain on the prior session with +25% above average volume for a best-ever close. Highlighted in yellow with pivot point cited based on its 3/21/22 high after a cup-with-high-handle base pattern. Subsequent gains backed by at least +40% above average volume and a strong close above the pivot point may clinch a technical buy signal. Reported Dec '21 earnings +31% on +17% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been very strong in recent years. >>> The latest Featured Stock Update with an annotated graph appeared on 4/11/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABBV - NYSE - Medical-Ethical Drugs AbbVie Inc	$155.86	-3.50 -2.20%	$160.50	$175.91	-11.40%	4,682,614 61.13%	7,660,000
Most Recent Note for ABBV - 4/19/2022 12:20:01 PM Retreated from its all-time high testing its 50 DMA line ($154.47). Noted with caution in the 4/14/22 mid-day report - "Reported earnings +13% on +7% sales revenues for the Dec '21 quarter versus the year ago period. Quarterly and annual earnings history is not a match with the fact-based investment system."
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BG - NYSE - CHEMICALS - Agricultural Chemicals Bunge Ltd	$124.25	-2.51 -1.98%	$126.18	$124.37	-0.10%	1,126,974 63.96%	1,762,000
Most Recent Note for BG - 4/19/2022 12:20:37 PM Down today, retreating from its 52 week high following a spurt of gains marked by volume. Prior mid-day reports noted - "Reported Dec '21 quarterly earnings +14% on +32% sales revenues versus the year ago period, breaking a streak of 4 strong comparisons well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) has been strong after a downturn in FY '16 and '17. The Agricultural Operations industry group is currently ranked 100th of the 197 industry groups."
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CDK - NASDAQ - COMPUTER SOFTWARE and SERVICES - Information Technology Service CDK Global, Inc	$54.45	+0.01 0.01%	$54.48	$55.15	-1.28%	1,868,613 119.17%	1,568,000
Most Recent Note for CDK - 4/19/2022 12:21:50 PM Following M&A news it gapped up on 4/07/22 challenging its 52-week high. Fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum guideline (C criteria), and sub par sales revenues growth remains a concern.
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DEO - NYSE - FOOD & BEVERAGE - Beverages - Brewers Diageo Plc Ads	$203.39	-3.81 -1.84%	$204.29	$223.14	-8.85%	240,012 60.00%	400,000
Most Recent Note for DEO - 4/19/2022 12:24:29 PM This British manufacturer of alcoholic beverages reported Dec '21 quarterly earnings +21% on +15% sales revenues versus the year ago period. Undercut its 200 DMA line then rebounded since last noted in the 1/27/22 mid-day report with caution - "Annual earnings (A criteria) history included a downturn in FY '20 but were otherwise steady."
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$29.30	-2.50 -7.86%	$30.29	$32.14	-8.84%	622,100 112.50%	553,000
Most Recent Note for FLNG - 4/19/2022 12:27:08 PM Pulling back today after a "negative reversal" at its all-time high on the prior session. Prior highs in the $25-26 area define initial support above its 50 DMA line. Reported Dec '21 quarterly earnings +171% on +70% sales revenues versus the year ago period. Recent quarters showed strong sales and earnings increases versus the year ago periods. 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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GOGL - NASDAQ - Transportation-Ship Golden Ocean Group LTD	$13.46	-0.50 -3.58%	$13.46	$13.70	-1.75%	3,802,647 90.56%	4,199,000
Most Recent Note for GOGL - 4/19/2022 12:29:03 PM Pulling back today after spiking to new 52-week highs with 4 consecutive gains with increasing volume since testing its 50 DMA line ($11.71) last week. The 4/18/22 mid-day report last noted - "Recent quarterly comparisons through Dec '21 showed greatly improved sales revenues and earnings versus the year ago periods. Prior earnings history has been erratic, not a match with the fact-based investment system's fundamental guidelines."
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JNJ - NYSE - DRUGS - Drug Manufacturers - Major Johnson & Johnson	$183.67	+6.01 3.38%	$185.94	$184.20	-0.29%	8,167,954 105.08%	7,773,000
Most Recent Note for JNJ - 4/19/2022 12:32:31 PM Hitting a new all-time high with today's volume-driven gain. Through Dec '21 its quarterly earnings increases have been below the +25% minimum guideline (C criteria)
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JXN - NYSE - Insurance-Diversified Jackson Financial Cl A	$44.60	+1.06 2.43%	$44.72	$47.76	-6.62%	875,856 86.21%	1,016,000
Most Recent Note for JXN - 4/19/2022 12:32:55 PM Found support at its 50 DMA line ($42.08) after a noted streak of losses retreating from near its 52-week high. Limited history, and fundamental concerns remain.
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LPLA - NASDAQ - Finance-Invest Bnk/Bkrs L P L Financial Holdings	$215.27	+2.25 1.06%	$217.00	$216.13	-0.40%	524,968 63.48%	827,000
Most Recent Note for LPLA - 4/19/2022 12:34:29 PM Perched at its all-time high with today's gain adding to a recent streak of 6 consecutive volume-driven gains. The 4/18/22 mid-day report noted - "Found prompt support in recent weeks after undercutting its 200 DMA line. Reported earnings +7% on +32% sales revenues for the quarter ended Dec 31, 2021 versus the year ago period. Prior quarterly comparison 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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MN - NYSE - FINANCIAL SERVICES - Asset Management Manning & Napier Cl A	$12.76	+0.02 0.12%	$12.76	$12.91	-1.20%	100,518 87.41%	115,000
Most Recent Note for MN - 4/19/2022 12:34:56 PM Holding its ground since a gap up 4/01/22 following M&A news. Recent quarterly comparisons through Dec '21 showed strong earnings increases. Annual earnings history has been sub par.
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ORCC - NYSE - Finance-Investment Mgmt Owl Rock Capital Corp	$14.94	-0.25 -1.65%	$15.07	$15.21	-1.78%	1,912,419 83.26%	2,297,000
Most Recent Note for ORCC - 4/19/2022 12:35:29 PM Fundamental concerns remain as quarterly earnings increases through Dec '21 were not strong and steady above the +25% minimum guideline (C criteria). Prior mid-day reports cautioned members - "Limited history is a concern. Completed its $15.25 IPO on 7/18/19."
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PFHD - NASDAQ - Banks-Southeast Professional Hldg Cl A	$24.23	+0.35 1.47%	$24.23	$24.47	-0.98%	20,200 59.41%	34,000
Most Recent Note for PFHD - 4/19/2022 12:35:41 PM Reported Dec '21 quarterly earnings -28% on -3% sales revenues versus the year ago period. Fundamental concerns remain since public trading began 2/07/20.
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REI - AMEX - Oil&Gas-U S Expl&Prod Ring Energy Inc	$4.11	-0.10 -2.38%	$4.24	$4.34	-5.30%	1,922,336 58.25%	3,300,000
Most Recent Note for REI - 4/19/2022 12:37:19 PM Hovering after reaching new multi-year highs last week with gains backed by above average volume. Noted with caution in prior mid-day reports - "Reported Dec '21 quarterly earnings +43% on +90% sales revenues versus the year ago period, its 3rd strong quarterly comparison. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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VWTR - NASDAQ - Utility-Water Supply Vidler Water Resources	$16.10	+0.04 0.25%	$16.21	$17.24	-6.61%	175,837 110.59%	159,000
Most Recent Note for VWTR - 4/19/2022 12:37:34 PM Churning heavy volume following M&A news noted 4/14/22 while perched near its 52-week high, holding its ground stubbornly after a noted streak of volume-driven gains. Prior mid-day reports noted - "Reported strong Dec '21 quarterly results but its prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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WLKP - NYSE - Chemicals-Basic Westlake Chemical Partners	$29.20	+0.23 0.79%	$29.31	$28.88	1.11%	78,004 121.88%	64,000
Most Recent Note for WLKP - 4/19/2022 12:38:10 PM Inching to new 52-week highs with today's 5th consecutive small volume-driven gain. Prior mid-day reports noted - "Reported strong Dec '21 quarterly results versus the year ago period but fundamental concerns remain. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C and A criteria)."
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