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 MIDDAY BREAKOUTS REPORT - FRIDAY, MAY 6TH, 2022
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DOW 32763.86 -234.11 (-0.71%) | NASDAQ 12196.21 -121.48 (-0.99%) | S&P 500 4116.41 -30.46 (-0.73%)
Time of Screening : 5/6/2022 12:05:59 PM         Report Released : 5/6/2022 12:49:30 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
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
CI - NYSE
Cigna Corp
Medical-Managed Care
$263.52 +11.44
4.54%
$266.00 903,026
58.07% of 50 DAV
50 DAV is 1,555,000
$272.81
-3.41%
5/6/2022 $263.52 PP = $269.97
MB = $283.47
Most Recent Note - 5/6/2022 12:16:38 PM
Y - Color code is changed to yellow with pivot point cited based on its 4/21/22 high. Perched within close striking distance of its 52-week and all-time highs with today's big gain. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported a strong +27% earnings increase on +7% sales revenues for the Mar '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong.
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
BECN - NASDAQ - MATERIALS &; CONSTRUCTION - General Building Materials
Beacon Roofing Supply
$63.10 +0.70
1.12%
$64.90 $63.64 -0.85% 371,497
97.00%
383,000
Most Recent Note for BECN - 5/6/2022 12:09:59 PM
Hitting a new 52-week high and challenging its all-time high with today's gain adding to Wednesday's big volume-driven gain. Reported earnings +326% on +28% sales revenues for the Mar '22 quarter versus the year ago period, and prior quarterly comparisons were well above the +25% minimum guideline (C criteria). Up and down annual earnings is a flaw concerning the A criteria of the fact-based investment system's guidelines. Completed a Secondary Offering on 5/18/16.
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CERN - NASDAQ - Computer Sftwr-Medical
Cerner Corp
$94.05 -0.07
-0.07%
$94.25 $94.46 -0.43% 1,634,588
58.21%
2,808,000
Most Recent Note for CERN - 5/6/2022 12:11:21 PM
Fundamental concerns remain after it reported earnings +17% on +3% sales revenues for the Mar '22 quarter versus the year ago period. Consolidating following a gap up in Dec '21 after M&A news.
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CSX - NYSE - TRANSPORTATION - Railroads
C S X Corp
$34.80 +0.15
0.43%
$35.02 $38.63 -9.91% 11,255,124
69.49%
16,196,000
Most Recent Note for CSX - 5/6/2022 12:20:29 PM
Finding support near its 200 DMA line in recent months after meeting stubborn resistance in the $38 area near its all-time high. Reported earnings +26% on +21% sales revenues for the Mar '22 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '20 and is not a great match with the fundamental guidelines of the fact-based investment system.
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ENB - NYSE - ENERGY - Oil & Gas Pipelines
Enbridge Inc
$45.01 +0.43
0.96%
$45.69 $47.42 -5.08% 2,455,230
58.68%
4,184,000
Most Recent Note for ENB - 5/6/2022 12:22:43 PM
Perched -5% off its 52-week high, sputtering near its 50 DMA line. Fundamental concerns remain since last noted in the 4/17/12 mid-day report - "Earnings and sales history are below fact-based investment system's guidelines for this Canadian Utility -Gas Distribution firm."
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EOG - NYSE - Oil&Gas-U S Expl&Prod
E O G Resources Inc
$129.30 +5.88
4.76%
$131.39 $127.95 1.06% 3,241,850
70.00%
4,631,000
Most Recent Note for EOG - 5/6/2022 12:25:46 PM
Hitting a new 52-week high with today's big gain, showing resilience and strength after briefly undercutting its 50 DMA line. Reported Mar '22 quarterly earnings +147% on +8% sales revenues over the year ago period. Showed solid earnings and much larger sales revenues increases for the Jun, Sep, and Dec '21 quarters versus the year ago periods. Fundamental concerns remain. Prior mid-day reports cautioned - "Erratic annual earnings (A criteria) history is cause for concern."
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LPX - NYSE - MATERIALS & CONSTRUCTION - Lumber, Wood Production
Louisiana Pacific Corp
$75.28 -2.24
-2.88%
$76.89 $79.77 -5.63% 795,957
65.35%
1,218,000
Most Recent Note for LPX - 5/6/2022 12:29:13 PM
Rebounded above its 50 and 200 DMA lines to challenge its 52-week and all-time highs with this week's big volume-driven gains. Three of the past 4 quarterly comparisons through Mar '22 showed greatly improved sales revenues and earnings increases well above the +25% minimum guideline (C criteria). A big downturn in FY '19 was noted as a flaw in its annual earnings (A criteria) history, making it not a great match with the fact-based investment system's fundamental guidelines.
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MCK - NYSE - WHOLESALE - Drugs Wholesale
Mckesson Corp
$327.97 +12.74
4.04%
$331.63 $335.60 -2.27% 853,266
67.88%
1,257,000
Most Recent Note for MCK - 5/6/2022 12:30:53 PM
Hovering near its all-time high and recently consolidating above its 50 DMA line ($304), extended from any sound base. Reported earnings +15% on +12% sales revenues for the Mar '22 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria). It has a steady annual earnings (A criteria) history.
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MN - NYSE - FINANCIAL SERVICES - Asset Management
Manning & Napier Cl A
$12.62 -0.08
-0.59%
$12.70 $12.91 -2.29% 93,254
63.87%
146,000
Most Recent Note for MN - 5/6/2022 12:31:06 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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MYE - NYSE - Containers/Packaging
Myers Industries Inc
$23.45 +1.16
5.20%
$23.58 $23.63 -0.76% 101,621
74.18%
137,000
Most Recent Note for MYE - 5/6/2022 12:34:55 PM
Volume-driven gains have it approaching its 52-week high. The Mar '22 quarter showed +127% earnings with +29% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history had a slight downturn in FY '19.

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PSB - NYSE - REAL ESTATE - REIT - Diversified/Industrial
P S Business Parks Inc
$186.79 -0.90
-0.48%
$187.26 $189.83 -1.60% 519,309
226.77%
229,000
Most Recent Note for PSB - 5/6/2022 12:35:08 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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PXD - NYSE - ENERGY - Independent Oil & Gas
Pioneer Natural Resource
$268.37 +11.89
4.63%
$272.47 $260.00 3.22% 1,980,340
79.63%
2,487,000
Most Recent Note for PXD - 5/6/2022 12:35:45 PM
Hitting new 52-week highs with today's 5th consecutive gain after recently sputtering below its 50 DMA line ($244). 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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RSG - NYSE - MATERIALS & CONSTRUCTION - Waste Management
Republic Services Inc
$135.18 +4.85
3.72%
$135.83 $145.98 -7.40% 772,949
62.33%
1,240,000
Most Recent Note for RSG - 5/6/2022 12:37:23 PM
This waste collection firm is consolidating near its 50 and 200 DMA lines in recent weeks. Noted with caution in prior mid-day reports - "Earnings history has been steady, however, lack of sales revenues growth and other fundamental concerns remain."
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SIMO - NASDAQ - ELECTRONICS - Semiconductor - Specialized
Silicon Motion Tech Ads
$94.37 -0.80
-0.84%
$95.16 $96.89 -2.61% 1,276,463
154.54%
826,000
Most Recent Note for SIMO - 5/6/2022 12:38:18 PM
Taiwan-based Data Storage firm gapped up on the prior session for a considerable gain and touched 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
$51.55 -1.49
-2.81%
$52.75 $56.96 -9.50% 287,243
87.31%
329,000
Most Recent Note for SMCI - 5/6/2022 12:39:46 PM
Gapped up and spiked to new 52-week and all-time highs with big gains this week. The 5/05/22 mid-day report noted - "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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STER - NASDAQ - Computer Sftwr-Security
Sterling Check Corp
$25.62 +0.15
0.59%
$26.21 $28.99 -11.62% 190,215
67.21%
283,000
Most Recent Note for STER - 5/6/2022 12:42:02 PM
Encountering distributional pressure this week after recently challenging its 52-week high. Due to report Mar '22 quarterly results on 5/10/22. The 4/21/22 mid-day report last noted - "Limited history remains a concern since its $23 IPO on 9/23/21."
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STZ - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill
Constellation Brands A
$248.77 -3.14
-1.25%
$251.23 $261.53 -4.88% 613,314
66.45%
923,000
Most Recent Note for STZ - 5/6/2022 12:45:57 PM
Huge New York-based Beverages - Alcoholic firm is consolidating near its all-time high. Reported earnings +30% on +8% sales revenues for the Feb '22 quarter versus the year ago period. Fundamental concerns remain due to sub par sales revenues growth and earnings in prior quarterly comparisons well below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth had a slight downturn in FY '20.
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ULH - NASDAQ - Transportation-Truck
Universal Logistics Hldg
$23.50 +1.93
8.95%
$24.13 $27.04 -13.09% 29,707
63.21%
47,000
Most Recent Note for ULH - 5/6/2022 12:48:53 PM
Gapped up today and traded above Mar '22 highs, but it faces resistance due to overhead supply up to the $27 level. Three of the past 4 quarterly comparisons through Mar '22 showed strong earnings increases above the +25% minimum guideline (C criteria). There was a downturn in FY '20 earnings (A criteria).
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Y - NYSE - INSURANCE - Surety & Title Insurance
Alleghany Corp
$832.58 -2.17
-0.26%
$835.37 $862.87 -3.51% 109,459
64.77%
169,000
Most Recent Note for Y - 5/6/2022 12:49:24 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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