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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
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
$263.70 -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.
View all notes | Alert me of new notes | Company Profile | SEC | News | ChartC A N S L I M
WCC - NYSE
Wesco International Inc
WHOLESALE - Electronics Wholesale
$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.
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
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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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."
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  
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.
View all notes | Alert me of new notes | Company Profile | SEC  | News | ChartC A N S L I M  

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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