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 MIDDAY BREAKOUTS REPORT - THURSDAY, APRIL 21ST, 2022
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DOW 35237.29 76.5 (0.22%) | NASDAQ 13443.3 -9.77 (-0.07%) | S&P 500 4466.66 7.21 (0.16%)
Time of Screening : 4/21/2022 12:13:26 PM         Report Released : 4/21/2022 1:12:49 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
Max Buy
WCC - NYSE
Wesco International Inc
$135.54 +5.06
3.88%
$136.39 284,903
63.45% of 50 DAV
50 DAV is 449,000
$140.92
-3.82%
4/21/2022 $135.54 PP = $139.10
MB = $146.06
Most Recent Note - 4/21/2022 1:10:26 PM
Y - Color code is changed to yellow with pivot point cited based on its 1/05/22 high plus 10 cents. Today's 4th consecutive gain without great truly volume has it rebounding toward prior highs in the $139-140 area which were previously stubborn resistance. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Found support near its 200 DMA line in recent weeks. Reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
BCBP - NASDAQ - Banks-Northeast
B C B Bancorp Inc
$19.13 +0.18
0.95%
$19.24 $19.21 -0.42% 33,589
64.59%
52,000
Most Recent Note for BCBP - 4/21/2022 12:17:34 PM
Rebounded above above its 50 DMA line and reaching a new 52-week high with today's 4th consecutive gain backed by ever-increasing volume. Noted with caution in prior mid-day reports - "Fundamental concerns remain due to its sub par quarterly and annual earnings (C and A criteria) history."
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BCML - NASDAQ - Banks-West/Southwest
Baycom Corp
$22.90 +0.25
1.10%
$22.92 $23.52 -2.64% 39,878
58.64%
68,000
Most Recent Note for BCML - 4/21/2022 12:19:16 PM
Rebounding near it 52-week high from below its 50 DMA line this week. Prior mid-day reports noted - "Earnings increases in the 3 most recent quarterly comparisons through Dec '21 were above the +25% minimum guideline (C criteria) but with sub par sales revenues growth. Annual earnings (A criteria) has been up and down."
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CARE - NASDAQ - Banks-Southeast
Carter Bankshares Inc
$17.96 +0.21
1.15%
$17.98 $17.80 0.87% 61,913
58.96%
105,000
Most Recent Note for CARE - 4/21/2022 12:20:11 PM
Wedging up to new 52-week highs with recent gains. Fundamental concerns remain due to sub par sales revenues growth and erratic earnings history.
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DOW - NYSE - Chemicals-Plastics
Dow Inc
$70.75 +3.21
4.75%
$71.86 $71.38 -0.89% 4,848,400
90.90%
5,334,000
Most Recent Note for DOW - 4/21/2022 12:25:37 PM
Reported strong sales revenues and earnings increases in quarterly comparisons through Mar '22 versus the year ago periods. Annual earnings (A criteria) history has not been strong and steady.
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ESTE - AMEX - Oil&Gas-U S Expl&Prod
Earthstone Energy Inc
$16.54 +0.60
3.73%
$17.19 $15.27 8.28% 1,195,262
138.66%
862,000
Most Recent Note for ESTE - 4/21/2022 12:26:51 PM
Hitting a new 52-week high with today's 4th consecutive volume-driven gain after finding support near its 50 DMA line ($13.29). Reported +411% earnings on +293% sales revenues for the Dec '21 quarter versus the year ago period, the 4th consecutive quarterly comparison satisfying the C criteria. Annual earnings (A criteria) had a downturn in FY '20. There is a very small supply of only 28.9 million shares (S criteria) in the public float and as of Dec '21 only 8 top-rated funds (I criteria) own its shares.
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IIIN - NASDAQ - METALS & MINING - Steel & Iron
Insteel Industries Inc
$45.22 +5.13
12.80%
$46.15 $44.59 1.41% 158,982
191.54%
83,000
Most Recent Note for IIIN - 4/21/2022 12:31:17 PM
Gapped up today hitting new 52-week and all-time highs with a considerable volume-driven gain. Reported earnings +152% on +53% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were well above the +25% minimum guideline (C criteria). This Mount Airy, NC-based maker of steel wire reinforcements and prestressed concrete strands has an erratic annual earnings (A criteria) history that is not a good match with the fact-based investment system's guidelines.
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LRN - NYSE - Consumer Svcs-Education
Stride Inc
$38.86 -1.74
-4.29%
$40.76 $38.40 1.20% 452,452
103.54%
437,000
Most Recent Note for LRN - 4/21/2022 12:32:57 PM
Retreating abruptly today following a gap gain and new 52-week high on the prior session when the mid-day report cautioned members - "Reported earnings +79% on +8% sales revenues for the Mar '22 quarter versus the year ago period. Faces some old resistance due to overhead supply up to the $52 level. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and its annual earnings (A criteria) history has been up and down, not a match with the fact-based system's fundamental guidelines."
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MMC - NYSE - INSURANCE - Insurance Brokers
Marsh & Mclennan
$181.06 +6.65
3.81%
$183.14 $175.12 3.39% 1,383,511
67.10%
2,062,000
Most Recent Note for MMC - 4/21/2022 12:36:29 PM
Gapped up today for a 4th consecutive gain, hitting a new all-time high. Reported Mar '22 quarterly earnings +16% on +9% sales revenues versus the year ago period. Prior earnings growth was not strong and steady above the +25% minimum guideline (C criteria) in quarterly comparisons.
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NGVC - NYSE - RETAIL - Grocery Stores
Nat Grocers Vit Cottage
$22.97 -0.15
-0.65%
$23.79 $21.99 4.46% 99,258
91.06%
109,000
Most Recent Note for NGVC - 4/21/2022 12:42:24 PM
Hitting a new 52-week high with today's volume-driven gain adding to a technical breakout on the prior session. Last noted with caution in the 4/04/22 mid-day report - "Reported earnings +144% on +5% sales revenues for the Dec '21 quarter versus the year ago period, its 2nd consecutive comparison satisfying the C criteria calling for +25% minimum earnings increases. Prior comparisons were negative and sub par sales revenues growth remains a concern, fundamentally."
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Quanta Services Inc
$133.25 -4.59
-3.33%
$139.17 $139.22 -4.29% 985,159
68.99%
1,428,000
Most Recent Note for PWR - 4/21/2022 12:49:08 PM
Retreating from its all-time high with higher volume behind today's loss. Wedged higher with gains lacking great volume conviction after last noted in the 3/09/22 mid-day report with caution - "Reported Dec '21 quarterly earnings +26% on +35% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly earnings history (C criteria) is not a match with the fact-based system's fundamental guidelines."
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SAMG - NASDAQ - Finance-Investment Mgmt
Silvercrest Asset Cl A
$21.55 -0.99
-4.39%
$22.68 $22.40 -3.79% 22,431
70.10%
32,000
Most Recent Note for SAMG - 4/21/2022 12:52:19 PM
Pulling back today after wedging to a new 52-week high this week with 3 consecutive gains on near average volume. The 3 latest quarterly earnings increases through Dec '21 versus the year ago periods have been above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a downturn in FY '19, not strong and steady.
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STER - NASDAQ - Computer Sftwr-Security
Sterling Check Corp
$27.45 -0.05
-0.18%
$28.76 $28.99 -5.31% 202,474
71.29%
284,000
Most Recent Note for STER - 4/21/2022 12:54:39 PM
Reversed into the red after early gains today for a new 52-week high. Limited history remains a concern since its $23 IPO on 9/23/21.
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THC - NYSE - HEALTH SERVICES - Hospitals
Tenet Healthcare Corp
$90.24 +1.23
1.38%
$91.83 $92.65 -2.60% 1,187,151
92.67%
1,281,000
Most Recent Note for THC - 4/21/2022 12:57:31 PM
Challenging multi-year highs with today's 3rd consecutive volume-driven gain after finding support near its 50 DMA line in recent weeks. Reported Mar '22 quarterly earnings +48% on -1% sales revenues versus the year ago period. Fundamental concerns remain based on the guidelines of the fact-based investment system.
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VMI - NYSE - MANUFACTURING - Farm & Construction Machinery
Valmont Industries Inc
$270.00 +21.70
8.74%
$277.00 $265.09 1.85% 130,217
127.66%
102,000
Most Recent Note for VMI - 4/21/2022 1:01:18 PM
Gapped up today hitting new 52-week and all-time highs. Reported earnings +19% on +27% sales revenues for the Mar '22 quarter versus the year ago period, its 2nd comparison below the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been up and down.
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VWTR - NASDAQ - Utility-Water Supply
Vidler Water Resources
$16.03 -0.03
-0.19%
$16.11 $17.24 -7.02% 106,652
62.74%
170,000
Most Recent Note for VWTR - 4/21/2022 1:01:51 PM
Holding its ground following M&A news. Prior mid-day reports repeatedly 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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WOW - NYSE - Telecom Svcs-Cable/Satl
Wideopenwest Inc
$22.63 -0.06
-0.24%
$22.94 $23.93 -5.45% 275,769
70.89%
389,000
Most Recent Note for WOW - 4/21/2022 1:12:38 PM
Perched within striking distance of its 52-week high with volume totals cooling. Stubbornly held its ground after last noted in the 4/11/22 mid-day report - "Rebounded above its 50 and 200 DMA lines with volume-driven gains last week. Fundamental concerns remain."
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