Mid-Day Breakouts Report - Friday, June 3rd, 2022

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 3RD, 2022
Previous Mid Day Report Next Mid Day Report >>>

DOW 32905.31 -342.97 (-1.03%) | NASDAQ 12013.45 -303.45 (-2.46%) | S&P 500 4110.52 -66.3 (-1.59%)

Time of Screening : 6/3/2022 12:36:09 PM Report Released : 6/3/2022 12:57:16 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

NONE OF OUR FEATURED STOCKS MET TODAY'S SCREENING CRITERIA FOR VOLUME AND PRICE ACTION.

Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACT - NASDAQ - Finance-Mrtg&Rel Svc Enact Holdings Inc	$24.60	-0.09 -0.34%	$24.87	$25.10	-2.01%	148,498 75.38%	197,000
Most Recent Note for ACT - 6/3/2022 12:37:24 PM Consolidating above its 50 DMA line ($23.07) and perched within striking distance of its 52-week high, still building on a short flat base. Prior mid-day reports 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 \| Chart \| C A N S L I M
CPE - NYSE - ENERGY - Independent Oil & Gas Callon Petroleum Co	$57.94	+0.55 0.95%	$58.88	$66.48	-12.85%	1,123,572 61.33%	1,832,000
Most Recent Note for CPE - 6/3/2022 12:38:36 PM Encountered distributional pressure this week after challenging its 52-week high since rebounding from below its 50 and 200 DMA lines. Reported earnings +130% on +116% sales revenues for the Mar '22 quarter versus the year ago period, its 4th strong quarterly comparison. Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines. Shares split 1/10 in Aug '20. Completed new Public Offerings in Jun '18, Dec, Sep, Apr, and Mar '16, Nov and Mar '15, and Sep '14.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
CPG - NYSE - Oil&Gas-Cdn Expl&Prod Crescent Point Energy	$9.56	+0.14 1.49%	$9.58	$9.16	4.37%	8,833,765 85.71%	10,307,000
Most Recent Note for CPG - 6/3/2022 12:39:29 PM Perched at its 52-week high with today's 9th consecutive gain. Reported very strong sales revenues and earnings increases in recent quarterly comparisons through Mar '22 versus the year ago periods. Fundamental concerns remain for this low-priced Canadian Oil & Gas firm due to its erratic annual earnings (A criteria) history.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$24.67	+0.76 3.18%	$24.70	$25.63	-3.75%	98,092 60.93%	161,000
Most Recent Note for DGII - 6/3/2022 12:40:10 PM Rebounding near previously stubborn resistance in the $25 area with today's 3rd consecutive volume-driven gain. Earnings rose +52% on +23% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history included a downturn in FY '17-18.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$31.93	-0.32 -1.00%	$32.50	$31.49	1.39%	71,292 60.93%	117,000
Most Recent Note for DMLP - 6/3/2022 12:40:44 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. 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.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$8.40	+0.09 1.13%	$8.77	$8.23	2.11%	946,682 65.79%	1,439,000
Most Recent Note for EGY - 6/3/2022 12:41:22 PM Hitting another new 52-week high with today's 7th consecutive gain, rising from a 6-week consolidation that included a dip below its 50 DMA line ($6.88). For the Mar '22 quarter it reported earnings +140% on +73%s sales revenues versus the year ago period. Erratic quarterly and annual earnings (C and A criteria) history is a concern. Low priced stocks are riskier choices which the investment system guidelines say should be avoided unless all criteria are soundly satisfied.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ESTE - AMEX - Oil&Gas-U S Expl&Prod Earthstone Energy Inc	$20.25	+0.65 3.32%	$21.07	$19.83	2.12%	761,507 65.03%	1,171,000
Most Recent Note for ESTE - 6/3/2022 12:43:50 PM Hitting yet another new 52-week high with today's volume-driven gain, getting very extended from any sound base. Reported +359% earnings on +160% sales revenues for the Mar '22 quarter versus the year ago period, the 5th 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 39.6 million shares (S criteria) in the public float and as of Mar '22 only 13 top-rated funds (I criteria) own its shares.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$29.22	-0.82 -2.73%	$30.47	$32.77	-10.83%	336,683 58.76%	573,000
Most Recent Note for FLNG - 6/3/2022 12:44:49 PM Posted a big volume-driven gain on the prior session when the mid-day report noted - "Found support recently near prior highs in the $25-26 area and its 50 DMA line. Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period. Recent quarterly comparisons had shown strong sales and earnings increases versus the year ago periods. The big downturn in FY '20 annual earnings (A criteria) is a fundamental flaw with respect to the strict guidelines of the fact-based investment system."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
FORM - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Formfactor Inc	$40.52	-1.65 -3.91%	$41.46	$47.48	-14.66%	262,699 73.79%	356,000
Most Recent Note for FORM - 6/3/2022 12:48:39 PM Encountered distributional pressure this week after rebounding above its 50 and 200 DMA lines. Reported earnings +29% on +6% sales revenues for the Mar '22 quarter versus the year ago period, but prior quarterly comparisons were below the +25% minimum guideline (C criteria). Noted with caution in prior mid-day reports - "Fundamental concerns remain as its annual earnings (A criteria) history has not been strong and steady."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$3.24	+0.08 2.37%	$3.30	$3.17	2.05%	354,110 173.58%	204,000
Most Recent Note for GASS - 6/3/2022 12:49:43 PM Today's 7th consecutive volume-driven gain has it hitting new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
MGY - NYSE - Oil&Gas-U S Expl&Prod Magnolia O&G Corp Cl A	$27.54	+0.16 0.57%	$27.95	$29.15	-5.54%	1,043,626 65.23%	1,600,000
Most Recent Note for MGY - 6/3/2022 12:51:01 PM Pulling back from its 52-week high as it completed a new Public Offering this week. For the Mar '22 quarter it reported earnings +137% on +81% sales revenues versus the year ago period, and recent quarterly comparisons were strong. Erratic annual earnings (A criteria) history is a concern.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$54.03	-1.46 -2.63%	$56.48	$58.34	-7.39%	276,304 68.22%	405,000
Most Recent Note for SMCI - 6/3/2022 12:51:27 PM Found support near prior highs in the $47 area when consolidating after gapping up on 5/04/22 hitting a new all-time high. Prior mid-day reports 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."
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$404.16	-12.38 -2.97%	$414.45	$438.63	-7.86%	542,115 68.02%	797,000
Most Recent Note for ULTA - 6/3/2022 12:54:01 PM Perched within striking distance of its all-time high but sputtering following volume-driven gains last week. Rebounded impressively above its 50 and 200 DMA lines from deep lows after a 5-week retreat falling -25% from the all-time high. Reported very strong Apr, Jul, Oct '21, Jan and Apr '22 quarterly sales revenues and earnings increases in comparisons versus the year ago periods. Big downturn for FY '21 earnings (A criteria) was noted as a flaw concerning the strict fundamental guidelines of the fact-based investment system.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C A N S L I M
WF - NYSE - Banks-Foreign Woori Finance Hldgs Ads	$35.19	-0.74 -2.06%	$35.83	$39.71	-11.38%	28,952 78.25%	37,000
Most Recent Note for WF - 6/3/2022 12:54:43 PM Found support recently at its 200 DMA line but remains below its 50 DMA line ($36.69) 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 \| Chart \| C A N S L I M
WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$133.02	-0.48 -0.36%	$133.57	$151.64	-12.28%	130,448 62.12%	210,000
Most Recent Note for WIRE - 6/3/2022 12:57:06 PM Reported earnings +300% on +63% sales revenues for the Mar '22 quarter versus the year ago period, its 7th strong quarterly earnings comparison. Showing deceleration in its sales revenues growth rate in sequential comparisons. Fundamental concerns remain. Erratic annual earnings (A criteria) history makes it not a good match with the fact-based investment system's fundamental guidelines.
View all notes \| Alert me of new notes \| Company Profile \| SEC \| News \| Chart \| C 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to FactBasedInvesting.com c/o Premium Member Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 954-785-1121.

We appreciate any feedback members may wish to send via the inquiry form here.