Mid-Day Breakouts Report - Wednesday, June 8th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 8TH, 2022
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DOW 33130.96 -49.18 (-0.15%) | NASDAQ 12193.63 18.4 (0.15%) | S&P 500 4150.81 -9.87 (-0.24%)

Time of Screening : 6/8/2022 12:30:42 PM Report Released : 6/8/2022 1:01:08 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
AMPH - NASDAQ - Medical-Biomed/Biotech Amphastar Pharmaceuticals	$41.58	+0.17 0.41%	$42.31	$44.46	-6.48%	392,484 72.15%	544,000
Most Recent Note for AMPH - 6/8/2022 12:31:48 PM Rebounded quickly but some 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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ASAI - NYSE - RETAIL - Department Stores Sendas Distributor Adr	$16.67	+0.59 3.67%	$16.72	$18.55	-10.13%	250,872 79.64%	315,000
Most Recent Note for ASAI - 6/8/2022 12:32:25 PM Consolidating above its 50 DMA line ($16.29) with recent gains. This Brazil-based food retailer reported Dec '21 quarterly earnings +0% on +1% sales revenues versus the year ago period, not a match with the fact-based investment system's fundamental guidelines.
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CASY - NASDAQ - RETAIL - Super/Mini Markets Caseys General Stores	$200.49	-5.76 -2.79%	$204.09	$221.09	-9.32%	350,057 126.83%	276,000
Most Recent Note for CASY - 6/8/2022 12:36:29 PM Slumping below its 50 DMA line with today's 3rd consecutive volume-driven loss, testing its 200 DMA line and prior lows. Reported earnings +43% on +45% sales revenues for the Apr '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Not a match with the fundamental guidelines of the fact-based system.
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CPG - NYSE - Oil&Gas-Cdn Expl&Prod Crescent Point Energy	$10.85	+0.45 4.33%	$10.96	$10.42	4.13%	9,157,104 85.62%	10,695,000
Most Recent Note for CPG - 6/8/2022 12:38:01 PM Extended from any sound base and hitting another new 52-week high with today's 11th consecutive volume-driven 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.
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CPLP - NASDAQ - Transportation-Ship Capital Product Ptnrs Lp	$17.15	-0.10 -0.55%	$17.69	$19.65	-12.75%	225,943 237.83%	95,000
Most Recent Note for CPLP - 6/8/2022 12:39:21 PM Found support near its 200 DMA line and rose above its 50 DMA line. Reported earnings +121% on +92% sales revenues for the Mar '22 quarter versus the year ago period, its 3rd strong quarterly comparison. Not a match with the fundamental guidelines of the fact-based system.
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$32.45	+0.55 1.72%	$32.50	$32.50	-0.15%	97,263 81.05%	120,000
Most Recent Note for DMLP - 6/8/2022 12:39:39 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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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$6.74	+0.30 4.66%	$6.75	$6.50	3.69%	73,420 133.49%	55,000
Most Recent Note for ELA - 6/8/2022 12:41:00 PM Today's big gain is adding to a recently noted spurt of volume-driven gains, quickly approaching its Feb '21 high. 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	$21.76	-0.12 -0.55%	$22.10	$22.25	-2.20%	1,008,096 80.91%	1,246,000
Most Recent Note for ESTE - 6/8/2022 12:41:36 PM Perched at its 52-week high today following volume-driven gains, 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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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$33.70	-0.39 -1.14%	$34.32	$35.92	-6.18%	21,485 71.62%	30,000
Most Recent Note for FBIZ - 6/8/2022 12:43:18 PM Slumping below its 50 DMA line ($33.75) with volume-driven losses this week from its all-time high. Reported earnings -9% on +2% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$29.74	-2.28 -7.12%	$30.10	$33.36	-10.85%	1,161,251 187.90%	618,000
Most Recent Note for FLNG - 6/8/2022 12:44:27 PM Pulling back today for a 2nd volume-driven loss after hitting a new 52-week high 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	$37.58	+0.47 1.27%	$37.80	$42.14	-10.82%	35,476 75.48%	47,000
Most Recent Note for FMAO - 6/8/2022 12:45:38 PM Pulled back with volume-driven losses violating its 50 DMA line ($37.88). 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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GASS - NASDAQ - Transportation-Ship Stealthgas Inc	$3.89	-0.18 -4.42%	$4.10	$3.72	4.57%	542,675 215.35%	252,000
Most Recent Note for GASS - 6/8/2022 12:46:28 PM Pausing today following 7 consecutive volume-driven gains hitting new multi-year highs. Prior mid-day reports cautioned members - "Fundamental concerns remain due to its erratic sales revenues and earnings history."
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GOGL - NASDAQ - Transportation-Ship Golden Ocean Group LTD	$14.72	-0.97 -6.18%	$15.04	$16.46	-10.57%	4,006,067 91.21%	4,392,000
Most Recent Note for GOGL - 6/8/2022 12:47:40 PM Pulling back from its 52-week high with today's 2nd consecutive volume-driven loss. Extended from any sound base, and its 50 DMA line ($13.65) defines important near-term support. Recent quarterly comparisons through Mar '22 showed greatly improved sales revenues and earnings well above the +25% minimum (C criteria) versus the year ago periods. Prior earnings history has been erratic, not a match with the fact-based investment system's fundamental guidelines.
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LRN - NYSE - Consumer Svcs-Education Stride Inc	$39.59	-0.86 -2.13%	$41.84	$41.20	-3.91%	480,431 80.61%	596,000
Most Recent Note for LRN - 6/8/2022 12:51:11 PM Retreating abruptly from its 52-week high with today's big volume-driven loss testing its 50 DMA line ($37.26). Noted with caution in prior mid-day reports - "Reported earnings +79% on +8% sales revenues for the Mar '22 quarter versus the year ago period. Faces some old resistance due to overhead supply up to the $52 level. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and its annual earnings (A criteria) history has been up and down, not a match with the fact-based system's fundamental guidelines."
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$98.90	+0.77 0.78%	$101.43	$104.00	-4.90%	225,199 169.32%	133,000
Most Recent Note for MGPI - 6/8/2022 12:53:23 PM Churning heavy volume today while hovering near its all-time high and consolidating above support at its 50 DMA line ($93.67). Reported earnings +66% on 80% sales revenues for the Mar '22 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases.
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PANL - NASDAQ - Transportation-Ship Pangaea Logistics Solutions	$6.47	-0.33 -4.85%	$6.80	$7.05	-8.23%	289,576 70.80%	409,000
Most Recent Note for PANL - 6/8/2022 12:54:20 PM Pulling back from its 52-week high with volume-driven losses following 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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RWAY - NASDAQ - Finance-Commercial Loans Runway Growth Finance	$13.42	-0.21 -1.54%	$13.59	$14.92	-10.05%	60,487 77.55%	78,000
Most Recent Note for RWAY - 6/8/2022 12:55:16 PM Encountering distributional pressure this week after challenging its 52-week high. Prior mid-day reports noted - "This VC firm has a limited history since its 10/21/21 IPO at $14.63 and sub par fundamentals are a concern."
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SBLK - NASDAQ - TRANSPORTATION - Shipping Star Bulk Carriers Corp	$28.73	-2.96 -9.34%	$30.62	$32.85	-12.54%	3,811,000 139.70%	2,728,000
Most Recent Note for SBLK - 6/8/2022 12:57:20 PM Abruptly retreating from its 52-week high with above average volume behind today's loss violating its 50 DMA line ($28.67). It found support near the 50 DMA line in recent months 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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UNVR - NYSE - Chemicals-Specialty Univar Solutions Inc	$31.72	-0.63 -1.95%	$32.04	$34.00	-6.71%	937,248 78.30%	1,197,000
Most Recent Note for UNVR - 6/8/2022 12:58:28 PM Perched within striking distance of multi-year highs after recently rebounding above its downward sloping 50 DMA line ($30.28). 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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VIVO - NASDAQ - DRUGS - Diagnostic Substances Meridian Bioscience Inc	$28.60	+0.88 3.17%	$28.93	$28.72	-0.42%	261,206 81.63%	320,000
Most Recent Note for VIVO - 6/8/2022 1:01:01 PM Perched within striking distance of its 52-week high. Quarterly earnings increases through Mar '22 versus the year ago periods have been below the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines. On 4/18/08 it was dropped from the Featured Stocks list.
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