Mid-Day Breakouts Report - Tuesday, June 7th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 7TH, 2022
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DOW 32876.18 -39.6 (-0.12%) | NASDAQ 12057.08 -4.29 (-0.04%) | S&P 500 4119.62 -1.81 (-0.04%)

Time of Screening : 6/7/2022 12:05:08 PM Report Released : 6/7/2022 12:42:36 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
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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
COKE - NASDAQ Coca Cola Btlg Consol	$646.83	+11.06 1.74%	$656.11	23,489 61.81% of 50 DAV 50 DAV is 38,000	$644.46 0.37%	6/6/2022	$629.97	PP = $637.49 MB = $669.36
Most Recent Note - 6/7/2022 12:14:09 PM Y - Hitting a new all-time high with today's 5th consecutive volume-driven gain. Finished strong on the prior session after highlighted in yellow with pivot point cited based on its 1/13/22 high plus 10 cents when previously noted - "A strong gain and close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported earnings increases above the +25% minimum in the of the past 4 quarterly comparisons through Mar '22 quarters versus the year ago periods. Annual earnings (A criteria) growth has been strong after a downturn in FY '18." 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
AMPH - NASDAQ - Medical-Biomed/Biotech Amphastar Pharmaceuticals	$41.40	+3.93 10.49%	$41.94	$44.46	-6.88%	1,035,285 204.20%	507,000
Most Recent Note for AMPH - 6/7/2022 12:07:13 PM Rebounding quickly and little resistance remains due to overhead supply up to the $44 level. Quarterly comparisons through Mar '22 versus the year ago periods have been strong and well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been improving after a downturn in FY '17 and '18 which raised fundamental concerns.
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BCH - NYSE - BANKING - Foreign Regional Banks Banco De Chile Adr	$20.63	+0.04 0.19%	$20.72	$22.10	-6.65%	88,728 65.24%	136,000
Most Recent Note for BCH - 6/7/2022 12:07:55 PM Reported Mar '22 quarterly earnings +68% on +45% sales revenues versus the year ago period. Sputtering since the 4/08/22 mid-day report cautioned members - "Recent quarterly comparisons through Dec '21 showed strong earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady."
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CPE - NYSE - ENERGY - Independent Oil & Gas Callon Petroleum Co	$61.52	+2.67 4.53%	$62.05	$66.48	-7.47%	1,142,375 57.96%	1,971,000
Most Recent Note for CPE - 6/7/2022 12:15:08 PM Encountered distributional pressure 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.
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$31.22	-0.40 -1.27%	$31.70	$32.50	-3.93%	78,574 65.48%	120,000
Most Recent Note for DMLP - 6/7/2022 12:16:54 PM Extended from any sound base and perched at multi-year highs following an impressive streak of noted gains backed by above average volume since 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.
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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$8.09	+0.16 2.02%	$8.45	$8.77	-7.75%	1,065,412 73.48%	1,450,000
Most Recent Note for EGY - 6/7/2022 12:18:27 PM Perched at its 52-week high after a noted streak of gains, rising from a 6-week consolidation that included a dip below its 50 DMA line ($6.92). 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.
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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$6.31	+0.22 3.65%	$6.35	$6.10	3.48%	46,266 92.53%	50,000
Most Recent Note for ELA - 6/7/2022 12:19:06 PM Today's big gain is adding to a recently noted spurt of volume-driven gains. Reported strong Mar '22 quarterly results versus the year ago period. Went through a deep consolidation from its high since noted with caution in the 2/01/21 mid-day report - "Prior earnings history has been erratic and not a match with the fact-based investment system's fundamental guidelines."
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ESTE - AMEX - Oil&Gas-U S Expl&Prod Earthstone Energy Inc	$21.63	+1.27 6.24%	$21.91	$21.07	2.66%	841,477 69.95%	1,203,000
Most Recent Note for ESTE - 6/7/2022 12:20:06 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.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$31.67	-0.96 -2.94%	$32.28	$33.36	-5.07%	586,557 96.95%	605,000
Most Recent Note for FLNG - 6/7/2022 12:21:00 PM Hit a new 52-week high on the prior session with a big volume-driven gain. Prior mid-day reports 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."
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FMAO - NASDAQ - Banks-Midwest Farmers & Merchants Banc	$38.62	-1.99 -4.90%	$40.75	$42.14	-8.35%	24,844 57.78%	43,000
Most Recent Note for FMAO - 6/7/2022 12:23:34 PM Pulling back today for a 2nd consecutive volume-driven loss, its 50 DMA line defines near-term support ($37.89). Reversed after hitting a new 52-week high following a 6-week base. Three of the past 4 quarterly comparisons through Mar '22 showed earnings above the +25% minimum guideline (C criteria). Prior history is not a match with the fact-based investment system's fundamental guidelines.
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LYB - NYSE - CHEMICALS - Specialty Chemicals Lyondellbasell Ind A Nv	$111.36	+1.53 1.39%	$111.84	$118.02	-5.64%	1,674,813 70.40%	2,379,000
Most Recent Note for LYB - 6/7/2022 12:29:00 PM Hitting a new 52-week high with today's gain adding to recent volume-driven gains. Found support near its 50 DMA line in recent weeks. Reported earnings +26% on +45% sales revenues for the Mar '22 quarter versus the year ago period and prior quarterly comparisons were also strong. Fundamental concerns remain. This Netherlands-based Chemicals firm's annual earnings (A criteria) history is below guidelines of the fact-based investment system. Last noted with caution in the 10/01/14 mid-day report. Completed Secondary Offerings on 9/04/12, 11/02/12, 12/05/12, and 2/14/13.
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NGG - NYSE - UTILITIES - Foreign Utilities National Grid Plc Adr	$70.08	-1.07 -1.50%	$70.18	$80.20	-12.62%	251,786 66.43%	379,000
Most Recent Note for NGG - 6/7/2022 12:29:52 PM Testing its 200 DMA line ($70.37) 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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NRP - NYSE - ENERGY - Coal Natural Resource Pts LP	$48.38	+0.66 1.37%	$48.85	$50.82	-4.80%	17,767 59.22%	30,000
Most Recent Note for NRP - 6/7/2022 12:31:12 PM Consolidating above its 50 DMA line and near its 52-week high. Recent quarterly comparisons through Mar '22 have been strong versus the year ago periods. Annual earnings (A criteria) history has been erratic.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.82	+0.24 3.60%	$6.89	$7.05	-3.30%	260,328 63.49%	410,000
Most Recent Note for PANL - 6/7/2022 12:35:10 PM Perched near its 52-week high. 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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PKBK - NASDAQ - BANKING - Regional - Northeast Banks Parke Bancorp Inc	$24.07	-0.81 -3.26%	$24.78	$25.85	-6.89%	32,491 108.30%	30,000
Most Recent Note for PKBK - 6/7/2022 12:36:11 PM Fundamental concerns remain. Slumping below its 50 DMA line with today's 4th consecutive volume-driven loss.
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ROCC - NASDAQ - Oil&Gas-U S Expl&Prod Ranger Oil Corp Cl A	$51.09	+2.59 5.34%	$51.19	$48.47	5.41%	291,299 67.27%	433,000
Most Recent Note for ROCC - 6/7/2022 12:38:00 PM Perched at its 52-week high with volume-driven gain adding to a recent spurt. 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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ULH - NASDAQ - Transportation-Truck Universal Logistics Hldg	$30.18	-0.48 -1.57%	$30.61	$30.26	-0.26%	42,303 65.08%	65,000
Most Recent Note for ULH - 6/7/2022 12:41:55 PM No overhead supply remains to act as resistance and it powered to new 52-week highs with recent volume-driven gains, getting extended from any sound base. 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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UNVR - NYSE - Chemicals-Specialty Univar Solutions Inc	$32.13	-0.08 -0.24%	$32.58	$34.00	-5.50%	701,380 58.84%	1,192,000
Most Recent Note for UNVR - 6/7/2022 12:42:27 PM Perched within striking distance of multi-year highs after recently rebounding above its 50 DMA line ($30.29). Quarterly comparisons in Jun, Sep, Dec '21, and Mar '22 showed greatly improved sales revenues and earnings versus the year ago periods. Its annual earnings (A criteria) history is not a match with the winning models of the fact-based investment system.
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