Mid-Day Breakouts Report - Wednesday, June 1st, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 1ST, 2022
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DOW 32674.65 -315.47 (-0.96%) | NASDAQ 11932.86 -148.53 (-1.23%) | S&P 500 4082.11 -50.04 (-1.21%)

Time of Screening : 6/1/2022 12:34:42 PM Report Released : 6/1/2022 1:04:05 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 70% 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
CI - NYSE Cigna Corp	$263.70	-4.59 -1.71%	$271.58	1,055,474 71.61% of 50 DAV 50 DAV is 1,474,000	$272.97 -3.40%	5/6/2022	$263.52	PP = $269.97 MB = $283.47
Most Recent Note - 6/1/2022 12:44:30 PM Y - Pulling back more today following a "negative reversal" on the prior session after touching a new all-time high. Its 50 DMA line ($255.59) defines near-term support to watch. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 5/25/2022. Click here.
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WCC - NYSE Wesco International Inc	$128.79	+3.21 2.56%	$134.95	335,666 72.50% of 50 DAV 50 DAV is 463,000	$144.43 -10.83%	6/1/2022	$128.79	PP = $139.10 MB = $146.06
Most Recent Note - 6/1/2022 1:03:24 PM Y - Color code is changed to yellow after rebounding above its 50 and 200 DMA lines with gains lacking great volume but helping its outlook improve. Subsequent gains for a new high close backed by at least +40% above average volume may trigger a technical buy signal. It was dropped from the Featured Stocks list on 5/2022. Fundamentals remain strong after it reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 5/17/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ABC - NYSE - Medical-Whlsle Drg/Suppl Amerisourcebergen Corp	$148.76	-6.03 -3.90%	$156.89	$167.19	-11.02%	1,639,820 106.62%	1,538,000
Most Recent Note for ABC - 6/1/2022 12:37:13 PM Slumping well below its 50 DMA line ($156) with big volume-driven losses. Last noted with caution in the 5/12/22 mid-day report - "Reported earnings +27% on +17% sales revenues for the Mar '22 quarter versus the year ago period. Prior earnings were not strong and steady above the +25% minimum (C criteria). Its annual earnings (A criteria) growth has been slow and steady."
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ACT - NASDAQ - Finance-Mrtg&Rel Svc Enact Holdings Inc	$24.08	-0.24 -0.99%	$24.83	$25.10	-4.06%	167,693 88.26%	190,000
Most Recent Note for ACT - 6/1/2022 12:39:31 PM Consolidating above its 50 DMA line ($22.98) and perched within striking distance of its 52-week high, still building on a short flat base. The 5/25/22 mid-day report cautioned members - "Quarterly comparisons through Mar '22 show waning sales revenues, not growth."
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AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$21.21	-0.52 -2.39%	$21.82	$20.63	2.81%	111,636 137.82%	81,000
Most Recent Note for AMAL - 6/1/2022 12:41:23 PM Pulling back today after breaking out to a new 52-week high on the prior session with a big volume-driven gain. The 5/26/22 mid-day report last noted - "Fundamental concerns remain. Recent quarterly comparisons through Mar '22 showed earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been good."
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AUY - NYSE - METALS & MINING - Gold Yamana Gold Inc	$5.60	+0.24 4.38%	$5.60	$6.40	-12.58%	31,789,480 141.74%	22,428,000
Most Recent Note for AUY - 6/1/2022 12:42:33 PM Rising above its 50 DMA line ($5.54) with volume-driven gains this week following M&A news. Reported earnings +29% on +5% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline for buy candidates (C criteria). Prior sales revenues and earnings history is not a match with the fact-based investment system's fundamental guidelines.
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$30.72	-0.17 -0.57%	$31.45	$30.90	-0.60%	82,397 71.65%	115,000
Most Recent Note for DMLP - 6/1/2022 12:45:51 PM Perched at multi-year highs today following an impressive streak of noted gains backed by above average volume after finding support near its 50 DMA line ($26.78). Fundamental concerns remain. The 5 latest quarterly comparisons through Mar '22 showed very strong sales revenues and earnings increases over the year ago periods. However, its annual earnings history (A criteria) has been up and down.
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EGLE - NASDAQ - Transportation-Ship Eagle Bulk Shipping Inc	$70.95	-2.31 -3.16%	$76.41	$72.60	-2.27%	372,091 86.33%	431,000
Most Recent Note for EGLE - 6/1/2022 12:47:38 PM Reversed into the red after early gains today for a new 52-week high. Recent quarterly comparisons through Mar '22 versus the year ago periods showed strong sales revenues and earnings increases. Annual earnings (A criteria) history has been poor.
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EZPW - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ezcorp Inc Cl A	$7.65	+0.07 0.92%	$7.88	$8.80	-13.07%	249,523 70.49%	354,000
Most Recent Note for EZPW - 6/1/2022 12:49:05 PM Consolidating within striking distance of multi-year highs since last noted with caution in the 5/05/22 mid-day report - "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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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$2.93	+0.10 3.53%	$2.96	$3.17	-7.57%	431,535 225.93%	191,000
Most Recent Note for GASS - 6/1/2022 12:50:10 PM On track today for a 5th consecutive volume-driven gain. Fundamental concerns remain due to its erratic sales revenues and earnings history.
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ISSC - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Innovative Sltn & Supprt	$8.64	-0.10 -1.14%	$8.95	$9.90	-12.73%	37,502 98.69%	38,000
Most Recent Note for ISSC - 6/1/2022 12:51:02 PM Consolidating after spiking to a new 52-week high with recently noted volume-driven gains. Recent quarterly comparisons through Mar '22 have shown greatly improved earnings and sales revenues increases over the year ago periods, however, quarterly sales revenues totals in the $5-7 million range are rather minuscule compared to most publicly traded companies. Annual earnings history has been strong after a downturn and loss in FY '18, not a match with the fact-based investment system's guidelines (A criteria). Low-priced stocks are discouraged from consideration unless all key criteria are solidly satisfied. Fundamental concerns remain. It survived but failed to impress since dropped from the Featured Stocks list on 6/08/05.
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NGG - NYSE - UTILITIES - Foreign Utilities National Grid Plc Adr	$72.42	-1.96 -2.64%	$73.63	$80.20	-9.70%	276,703 73.20%	378,000
Most Recent Note for NGG - 6/1/2022 12:51:49 PM Slumping further below its 50 DMA line ($75.84) with today's loss. This British Utility firm showed very strong results in the Dec '21 and Mar '22 quarterly comparisons versus the year ago periods. Prior quarterly and annual earnings history is not a match with the fact-based investment system's fundamental guidelines.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.67	-0.04 -0.65%	$6.97	$6.68	-0.21%	385,499 93.12%	414,000
Most Recent Note for PANL - 6/1/2022 12:52:31 PM Hit another new 52-week high today. Stubbornly held its ground following recently noted volume-driven gains. Reported Mar '22 quarterly earnings +289% on +53% sales revenues versus the year ago period, its 5th very strong comparison. Fundamental concerns remain due to its up and down annual earnings (A criteria) history.
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$21.36	-0.38 -1.75%	$22.17	$21.17	0.90%	524,622 80.59%	651,000
Most Recent Note for PLAB - 6/1/2022 12:53:56 PM Reversed into the red today after hitting new multi-year highs following 4 consecutive volume-driven gains. Abruptly, rebounded above its 50 and 200 DMA lines with prior gains noted. Reported earnings +188% on +28% sales revenues for the Apr '22 quarter versus the year ago period, its 5th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has improved since a downturn in FY '19, but that flaw makes it not a great match with the fact-based investment system's fundamental guidelines.
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ROCC - NASDAQ - Oil&Gas-U S Expl&Prod Ranger Oil Corp Cl A	$44.48	+1.67 3.90%	$44.89	$42.85	3.80%	312,169 74.68%	418,000
Most Recent Note for ROCC - 6/1/2022 12:54:30 PM Perche at its 52-week high with today's 5th consecutive volume-driven gain. Recent quarterly comparisons through Mar '22 showed greatly improved sales revenues and earning versus the year ago periods. Found support above its 200 DMA line while consolidating since the 4/14/22 mid-day report cautioned members. Annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SBLK - NASDAQ - TRANSPORTATION - Shipping Star Bulk Carriers Corp	$32.45	-0.27 -0.83%	$33.80	$33.88	-4.22%	2,117,912 84.65%	2,502,000
Most Recent Note for SBLK - 6/1/2022 12:55:09 PM Churning above average volume recently while hovering near its 52-week high. Found support near its 50 DMA line ($29.81) in recent weeks but did not form a sound base pattern. Reported Mar '22 quarterly earnings +378% on +80% sales revenues versus the year ago period, its 5th very strong quarterly comparison. Annual earnings history (A criteria) has been erratic, leaving fundamental concerns.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$100.51	-5.66 -5.33%	$103.05	$115.76	-13.17%	2,618,198 129.36%	2,024,000
Most Recent Note for SQM - 6/1/2022 12:56:34 PM The Chile-based firm is extended from any sound base and pulling back for a 2nd consecutive loss after powering to new all-time highs with volume-driven gains. Recent quarterly comparisons have been strong. Reported Mar '22 quarterly earnings +973% on +282% sales revenues versus the year ago period. 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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ULH - NASDAQ - Transportation-Truck Universal Logistics Hldg	$27.64	-0.26 -0.91%	$28.52	$27.83	-0.70%	61,239 94.21%	65,000
Most Recent Note for ULH - 6/1/2022 12:57:35 PM Stubbornly holding its ground near its 52-week high today following 6 consecutive volume-driven gains. No overhead supply remains to act as resistance. 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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WF - NYSE - Banks-Foreign Woori Finance Hldgs Ads	$35.99	+0.01 0.03%	$36.21	$39.71	-9.37%	28,218 78.38%	36,000
Most Recent Note for WF - 6/1/2022 1:03:58 PM Found support at its 200 DMA line but remains below its 50 DMA line ($36.75) which has acted as resistance. This Korean Bank holding company reported earnings increases in recent quarterly comparisons through Mar '22 well above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have not been strong and steady.
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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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