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 MIDDAY BREAKOUTS REPORT - THURSDAY, MAY 5TH, 2022
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DOW 32922.65 -1138.41 (-3.34%) | NASDAQ 12383.31 -581.55 (-4.49%) | S&P 500 4157.33 -142.84 (-3.32%)
Time of Screening : 5/5/2022 12:10:26 PM         Report Released : 5/5/2022 12:52:17 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
$138.08 +5.52
4.16%
$144.43 727,487
167.24% of 50 DAV
50 DAV is 435,000
$140.92
-2.02%
4/21/2022 $135.54 PP = $139.10
MB = $146.06
Most Recent Note - 5/5/2022 12:50:17 PM
Y - Gapped up today and hit a new all-time high, rising above prior highs in the $136 area that had acted as stubborn resistance in recent weeks. A strong close above the pivot point may help to clinch a convincing technical buy signal. New buying efforts may only be considered after a solid follow-through day confirms a new market uptrend (M criteria). Rebounded well above its 50 and 200 DMA lines with this week's gains. Bullish action came after it reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. Volume and volatility often increase near earnings news.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/21/2022. Click here.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M

Symbol - Exchange - Industry Group
Company Name
Last Chg Day
High
52 WK Hi % From Hi Volume
% DAV
DAV
ARW - NYSE - WHOLESALE - Electronics Wholesale
Arrow Electronics Inc
$125.13 +0.48
0.39%
$127.53 $137.95 -9.29% 318,950
57.89%
551,000
Most Recent Note for ARW - 5/5/2022 12:13:33 PM
Reported earnings +91% for the quarter ended Dec 31, 2021 versus the year ago period, its 6th strong quarterly comparison. Up and down annual earnings (A criteria) growth is fundamentally below guidelines of the fact-based investment system.
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AVT - NYSE - WHOLESALE - Electronics Wholesale
Avnet Inc
$46.81 +0.02
0.04%
$47.28 $45.67 2.50% 453,099
66.05%
686,000
Most Recent Note for AVT - 5/5/2022 12:14:18 PM
Hitting new 52-week highs with this week's volume-driven gains. Prior mid-day reports noted - "Rebounded above its 50 and 200 DMA lines with impressive volume-driven gains last week. Quarterly sales revenues and earnings increases through the Mar '22 period have been up well above +25% or more versus the year ago period (C criteria). Annual earnings (A criteria) history has been up and down."
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BBSI - NASDAQ - DIVERSIFIED SERVICES - Staffing & Outsourcing Service
Barrett Business Svcs
$77.21 +2.30
3.07%
$81.00 $86.82 -11.07% 35,304
72.05%
49,000
Most Recent Note for BBSI - 5/5/2022 12:17:17 PM
Gapped up today and rose above its March 2022 high nearly challenging its 52-week high. Reported improved earnings in the Dec '21 and Mar '22 quarters versus the year ago periods but fundamental concerns remain. Its annual earnings (A criteria) history has not been strong and steady.
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DTM - NYSE - Oil&Gas-Transprt/Pipelne
DT Midstream Inc
$55.28 -3.04
-5.21%
$57.17 $59.36 -6.87% 422,105
57.74%
731,000
Most Recent Note for DTM - 5/5/2022 12:18:22 PM
Near its 50 DMA line, abruptly pulling back today after it rebounded near its 52-week high. Quarterly earnings increases through Mar '22 have not been a match with the fact-based investment system's fundamental guidelines.
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EWCZ - NASDAQ - Cosmetics/Personal Care
European Wax Center Cl A
$28.15 +0.53
1.90%
$31.25 $31.01 -9.24% 713,532
182.02%
392,000
Most Recent Note for EWCZ - 5/5/2022 12:20:44 PM
Hit a new 52-week high with today's early gain. Reported Mar '22 quarterly earnings +475% on +24% sales revenues versus the year ago period. Limited history remains a concern. Completed its $17.00 IPO on 8/05/21.
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EZPW - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Ezcorp Inc Cl A
$7.54 +0.36
5.01%
$8.24 $8.80 -14.32% 356,257
100.07%
356,000
Most Recent Note for EZPW - 5/5/2022 12:22:38 PM
Gapped up today challenging multi-year highs. Reported earnings +29% on +17% sales revenues for the Mar '22 quarter 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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FVCB - NASDAQ - Banks-Southeast
FVC Bancorp Inc
$20.61 -0.33
-1.55%
$20.88 $21.90 -5.91% 29,946
99.82%
30,000
Most Recent Note for FVCB - 5/5/2022 12:22:53 PM
Consolidating and holding its ground since a gap up on 7/15/21 following M&A news. Prior mid-day reports noted - "Sub par earnings and sales revenues growth history for this thinly traded Bank."
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods
M G P Ingredients Inc
$97.66 +2.17
2.27%
$102.88 $97.61 0.05% 189,931
165.16%
115,000
Most Recent Note for MGPI - 5/5/2022 12:28:21 PM
After a tight 4-week consolidation it hit new 52-week and all-time highs with today's 3rd consecutive gain backed by ever-increasing volume. Reported earnings +66% on 80% sales revenues for the Mar '22 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases.
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PSB - NYSE - REAL ESTATE - REIT - Diversified/Industrial
P S Business Parks Inc
$187.28 -1.21
-0.64%
$187.85 $189.83 -1.34% 157,560
72.28%
218,000
Most Recent Note for PSB - 5/5/2022 12:29:56 PM
Gapped up on 4/25/22 following M&A news. Fundamental concerns remain. Noted with caution in prior mid-day reports - "This REIT's quarterly and annual earnings history (C & A criteria) is not a match with the investment system's guidelines."
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PWR - NYSE - MATERIALS & CONSTRUCTION - General Contractors
Quanta Services Inc
$120.95 -0.33
-0.27%
$125.72 $140.04 -13.63% 1,010,864
64.59%
1,565,000
Most Recent Note for PWR - 5/5/2022 12:32:51 PM
Retreated from its all-time high and it has been sputtering below its 50 DMA line since last noted with caution in the 4/21/22 mid-day report. Reported Mar '22 quarterly earnings +65% versus the year ago period. Fundamental concerns remain. Prior quarterly sales revenues and earnings history (C criteria) is not a match with the fact-based system's fundamental guidelines.
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PXD - NYSE - ENERGY - Independent Oil & Gas
Pioneer Natural Resource
$252.37 -0.41
-0.16%
$259.86 $260.00 -2.93% 1,449,206
58.67%
2,470,000
Most Recent Note for PXD - 5/5/2022 12:36:03 PM
Challenging its 52-week high with today's 4th consecutive gain after recently sputtering below its 50 DMA line ($243). Reported Mar '22 quarterly earnings +337% versus the year ago period. Completed a Secondary Offering on 5/12/21. Fundamental concerns remain. Annual earnings (A criteria) history had a downturn in FY '20, not a match with the fact-based investment system's guidelines.
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
$96.15 +14.95
18.41%
$98.65 $96.89 -0.76% 3,606,489
518.92%
695,000
Most Recent Note for SIMO - 5/5/2022 12:37:37 PM
Taiwan-based Data Storage firm gapped up today and hit a new 52-week high. Reported earnings +55% for the Mar '22 quarter versus the year ago period, marking its 5th consecutive strong quarterly comparison above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) was previously noted as a flaw with respect to the fundamental guidelines of the fact-based investment system.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
$54.41 -2.31
-4.07%
$58.34 $47.99 13.38% 299,300
94.12%
318,000
Most Recent Note for SMCI - 5/5/2022 12:39:56 PM
Gapped up and hit new 52-week and all-time highs on the prior session. Bullish action came after it reported earnings +210% on +81% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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SNEX - NASDAQ - Finance-Invest Bnk/Bkrs
StoneX Group Inc
$76.54 +6.11
8.68%
$77.00 $77.50 -1.24% 69,399
102.06%
68,000
Most Recent Note for SNEX - 5/5/2022 12:42:18 PM
Gapped up today rebounding above its 50 DMA line ($73) and challenging its 52-week and all-time highs. Found support recently at its 200 DMA line. Reported Mar '22 quarterly earnings +16% on +46% sales revenues versus the year ago period. It has earned high Earnings Per Share and Relative Strength ranks, however, its quarterly and annual earnings history (C and A criteria) is not a great match with the fact-based investment system's fundamental guidelines.
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SQM - NYSE - CHEMICALS - Synthetics
Sociedad Quimica Y Minra
$81.30 +1.01
1.26%
$83.76 $90.87 -10.53% 1,671,487
94.76%
1,764,000
Most Recent Note for SQM - 5/5/2022 12:44:21 PM
The Chile-based firm rebounded above its 50 DMA line with this week's gains back toward its all-time high. This high-ranked leader in the strong Chemicals - Agricultural group's annual earnings history (A criteria) has been erratic in recent years, below the guidelines of the fact-based investment system.
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WLK - NYSE - CHEMICALS - Specialty Chemicals
Westlake Chemical Corp
$137.16 -3.17
-2.26%
$141.19 $135.47 1.25% 446,474
62.18%
718,000
Most Recent Note for WLK - 5/5/2022 12:51:55 PM
Found support near its 50 DMA line ($121.57) and rallied to new highs with recent volume-driven gains. Reported strong sales revenues and earnings increases in quarterly comparisons through Mar '22 versus the year ago periods. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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Y - NYSE - INSURANCE - Surety & Title Insurance
Alleghany Corp
$834.99 -1.02
-0.12%
$835.90 $862.87 -3.23% 96,787
58.31%
166,000
Most Recent Note for Y - 5/5/2022 12:52:13 PM
Insurance - Property/Casualty/Title firm gapped up on 3/21/22 following M&A news. It has not shown strong and steady earnings growth meeting the fact-based investment system's fundamental guidelines (C and A criteria).
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THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. We are not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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