Mid-Day Breakouts Report - Monday, June 13th, 2022

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MIDDAY BREAKOUTS REPORT - MONDAY, JUNE 13TH, 2022
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DOW 30707.71 -685.08 (-2.18%) | NASDAQ 10899.37 -440.65 (-3.89%) | S&P 500 3777.49 -123.37 (-3.16%)

Time of Screening : 6/13/2022 12:11:21 PM Report Released : 6/13/2022 12:52:20 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...

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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
CAPL - NYSE - Oil&Gas-Refining/Mktg CrossAmerica Partners LP	$21.15	-0.42 -1.95%	$21.46	$23.29	-9.19%	47,546 105.66%	45,000
Most Recent Note for CAPL - 6/13/2022 12:14:03 PM Pulling back from near its 52-week high with today's 4th consecutive loss with ever increasing volume, slumping back below its 50 DMA line. Prior mid-day reports cautioned members - "Fundamental concerns remain."
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CPG - NYSE - Oil&Gas-Cdn Expl&Prod Crescent Point Energy	$9.73	-0.54 -5.26%	$9.80	$10.96	-11.22%	8,678,829 78.70%	11,028,000
Most Recent Note for CPG - 6/13/2022 12:14:50 PM Pulling back from its 52-week high with today's 3rd consecutive volume-driven loss. 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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CVX - NYSE - ENERGY - Major Integrated Oil & Gas Chevron Corp	$168.54	-6.86 -3.91%	$172.00	$182.40	-7.60%	6,683,103 64.97%	10,286,000
Most Recent Note for CVX - 6/13/2022 12:17:17 PM Retreating from its 52-week high and testing its 50 DMA line with today's 3rd consecutive loss. Recent quarterly comparisons through Mar '22 show strong sales and earnings increases well above the year ago periods. Up and down annual earnings is a flaw with respect to the A criteria.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$23.14	-0.41 -1.74%	$23.41	$26.03	-11.10%	146,642 76.38%	192,000
Most Recent Note for DGII - 6/13/2022 12:18:32 PM Stalled after recently touching a new 52-week high. Noted with caution in prior mid-day reports - "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."
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DMLP - NASDAQ - ENERGY - Independent Oil & Gas Dorchester Minerals Lp	$30.92	-0.80 -2.52%	$31.46	$32.61	-5.18%	123,702 100.57%	123,000
Most Recent Note for DMLP - 6/13/2022 12:19:00 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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DVN - NYSE - ENERGY - Independent Oil & Gas Devon Energy Corp	$70.04	-4.03 -5.43%	$70.96	$79.40	-11.79%	8,189,100 74.76%	10,954,000
Most Recent Note for DVN - 6/13/2022 12:21:06 PM Pulling back from its 52-week high with today's 4th consecutive loss marked by above average volume. Reported earnings +318% on +86% sales revenues for the Mar '22 quarter versus the year ago period. Recent quarterly comparisons were also very strong. Fundamental concerns remain. Wedged higher after noted in the 5/26/22 mid-day report with caution - "Up and down annual earnings (A criteria) history is a flaw making it not a desirable buy candidate under the fact-based guidelines."
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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$7.64	-0.48 -5.86%	$7.89	$8.77	-12.94%	926,095 62.49%	1,482,000
Most Recent Note for EGY - 6/13/2022 12:22:46 PM Pulling back from its 52-week high, slumping back below prior highs and toward its 50 DMA line ($7.04). For the Mar '22 quarter it reported earnings +140% on +73% 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	$6.03	-0.68 -10.10%	$6.49	$6.92	-12.83%	95,112 166.86%	57,000
Most Recent Note for ELA - 6/13/2022 12:24:48 PM Today's gap down and big volume-driven loss has it abruptly retreating after challenging 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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EOG - NYSE - Oil&Gas-U S Expl&Prod E O G Resources Inc	$133.96	-10.04 -6.97%	$139.57	$147.99	-9.48%	2,273,185 59.82%	3,800,000
Most Recent Note for EOG - 6/13/2022 12:25:56 PM Extended from any sound base and pulling back from a new 52-week high hit last week. Reported Mar '22 quarterly earnings +147% on +8% sales revenues over the year ago period. Showed solid earnings and much larger sales revenues increases for the Jun, Sep, and Dec '21 quarters versus the year ago periods. Fundamental concerns remain. Erratic annual earnings (A criteria) history is cause for concern.
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ESQ - NASDAQ - Finance-Commercial Loans Esquire Financial Holdings	$34.28	-1.08 -3.05%	$34.87	$39.09	-12.30%	21,468 67.09%	32,000
Most Recent Note for ESQ - 6/13/2022 12:29:17 PM This thinly-traded holding company in the Finance - Commercial Loans industry group is retreating from its all-time high, slumping below its 50 DMA line and toward its 200 DMA line. Small supply (S criteria) of only 6.5 million shares in the public float. Limited history is a concern since its $14 IPO on 6/29/17. Reported earnings +25% on +12% sales revenues for the Mar '22 quarter versus the year-ago period, the 3rd consecutive quarterly comparison with an earnings increase above the +25% minimum guideline.
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ESTE - AMEX - Oil&Gas-U S Expl&Prod Earthstone Energy Inc	$19.38	-1.48 -7.09%	$20.38	$22.25	-12.90%	1,104,067 85.19%	1,296,000
Most Recent Note for ESTE - 6/13/2022 12:31:16 PM Pulling back from its 52-week high with today's 4th consecutive volume-driven loss after 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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FANG - NASDAQ - Oil&Gas-U S Expl&Prod Diamondback Energy Inc	$147.51	-7.98 -5.13%	$150.46	$162.24	-9.08%	1,608,848 65.03%	2,474,000
Most Recent Note for FANG - 6/13/2022 12:32:23 PM Pulling back from its 52-week high with today's 4th consecutive loss. There was a Special Dividend on 5/11/22. Prior mid-day reports cautioned members - "Reported Mar '22 quarterly earnings +126% on +103% sales revenues versus the year ago period, its 5th quarterly comparison well above the +25% minimum earnings guideline (C criteria). Up and down annual earnings (A criteria) history is not a match with the fact-based investment system's strict fundamental guidelines. Completed a new Public Offering on 12/14/16 and went through a long and choppy consolidation. It completed a Secondary Offering on 6/24/14."
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GSK - NYSE - Medical-Diversified Glaxosmithkline Plc Adr	$42.76	-1.04 -2.37%	$43.20	$46.97	-8.96%	3,723,725 65.94%	5,647,000
Most Recent Note for GSK - 6/13/2022 12:33:06 PM Met resistance near its 50 DMA line and it is retesting its 200 DMA line. Prior mid-day reports noted - "UK-based pharmaceuticals firm's quarterly comparisons through Mar '22 have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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NOG - AMEX - ENERGY - Oil & Gas Drilling & Explorati Northern Oil & Gas Inc	$35.40	-1.62 -4.38%	$35.74	$39.10	-9.46%	679,321 64.51%	1,053,000
Most Recent Note for NOG - 6/13/2022 12:34:30 PM Pulling back from its 52-week high with today's loss following 7 consecutive gains, extended from any sound base. Fundamental concerns remain with regard to the fact-based investment system's earnings history guidelines.
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OSBC - NASDAQ - BANKING - Regional - Midwest Banks Old Second Bancorp Inc	$14.26	-0.18 -1.25%	$14.49	$15.68	-9.06%	173,301 92.18%	188,000
Most Recent Note for OSBC - 6/13/2022 12:36:15 PM Pulled back from its 52-week high testing its 50 DMA line ($14.40). Reported Mar '22 quarterly earnings -10% on +55% sales revenues versus the year ago period. Fundamental are not a match with the fact-based investment system's guidelines (C and A criteria).
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PCSB - NASDAQ - Banks-Northeast P C S B Financial Corp	$18.96	-0.11 -0.58%	$19.00	$19.95	-4.96%	53,756 64.77%	83,000
Most Recent Note for PCSB - 6/13/2022 12:37:08 PM Consolidating following 5/24/22 M&A news with Brookline Bancorp Inc (BRKL). Reported earnings +20% on +4% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain for this small NY-based Bank holding company.
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PKBK - NASDAQ - BANKING - Regional - Northeast Banks Parke Bancorp Inc	$22.16	-0.75 -3.27%	$22.76	$25.85	-14.27%	21,436 61.25%	35,000
Most Recent Note for PKBK - 6/13/2022 12:37:59 PM Fundamental concerns remain. Slumping below its 50 DMA and 200 DMA lines with additional volume-driven losses.
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$20.12	-1.13 -5.32%	$21.03	$23.04	-12.67%	412,244 57.82%	713,000
Most Recent Note for PLAB - 6/13/2022 12:39:29 PM Retreating today for a 4th consecutive loss after hitting new multi-year highs last week. 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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PSN - NYSE - Computer Sftwr-Enterprse Parsons Corporation	$37.32	-1.15 -2.98%	$38.00	$41.84	-10.82%	331,151 81.77%	405,000
Most Recent Note for PSN - 6/13/2022 12:40:31 PM Reported earnings +18% on +9% sales revenues for the Mar '22 quarter versus the year ago period. Fundamental concerns remain.
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PXD - NYSE - ENERGY - Independent Oil & Gas Pioneer Natural Resource	$262.00	-8.87 -3.27%	$263.50	$288.46	-9.17%	1,398,550 64.09%	2,182,000
Most Recent Note for PXD - 6/13/2022 12:41:50 PM Pulling back from its 52-week high and testing support at its 50 DMA line ($258). Reported Mar '22 quarterly earnings +337% on +153% versus the year ago period. Completed a Secondary Offering on 5/12/21. Fundamental concerns remain. Annual earnings (A criteria) history had a downturn in FY '20, not a match with the fact-based investment system's guidelines.
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ROCC - NASDAQ - Oil&Gas-U S Expl&Prod Ranger Oil Corp Cl A	$46.84	-2.84 -5.72%	$47.94	$53.59	-12.60%	340,801 72.36%	471,000
Most Recent Note for ROCC - 6/13/2022 12:42:40 PM Pulling back from its 52-week high with today's 4th consecutive loss following a spurt of volume-driven gains. Recent quarterly comparisons through Mar '22 showed greatly improved sales revenues and earning versus the year ago periods. Annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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SANM - NASDAQ - Elec-Contract Mfg Sanmina Corp	$41.74	-1.47 -3.40%	$42.58	$45.67	-8.61%	283,379 63.40%	447,000
Most Recent Note for SANM - 6/13/2022 12:45:05 PM Stalled last week after touching a new 52-week high and testing its 50 DMA line ($41.37) with today's 4th consecutive loss. Reported earnings +13% on +12% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Its up and down annual earnings (A criteria) also is a concern, fundamentally.
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$56.10	-1.89 -3.25%	$56.26	$61.68	-9.05%	3,819,889 78.50%	4,866,000
Most Recent Note for SHEL - 6/13/2022 12:46:56 PM Pulling back below its 50 DMA line ($57.17) with today's 4th consecutive loss after recently wedging to a new 52-week high. Past 3 quarterly comparisons through Mar '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history has been up and down.
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SU - NYSE - ENERGY - Oil & Gas Refining & Marketing Suncor Energy Inc	$39.43	-1.88 -4.55%	$39.71	$42.72	-7.70%	5,016,200 67.64%	7,416,000
Most Recent Note for SU - 6/13/2022 12:48:15 PM Pulling back for a 3rd consecutive loss after getting very extended from any sound base. Reported earnings +292% on +56% sales revenues for the Mar '22 quarter versus the year ago period. Fundamental concerns remain. Prior mid-day reports cautioned members - "Quarterly and annual earnings (C and A criteria) have been up and down."
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ULH - NASDAQ - Transportation-Truck Universal Logistics Hldg	$27.58	-1.59 -5.44%	$28.41	$30.68	-10.10%	41,708 59.58%	70,000
Most Recent Note for ULH - 6/13/2022 12:49:26 PM Pulling back testing prior highs in the $27 area after powering to new 52-week highs with recent volume-driven gains. 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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WES - NYSE - ENERGY - Oil &; Gas Pipelines Western Gas Partners Lp	$25.96	-1.44 -5.26%	$26.48	$29.50	-12.00%	720,612 69.76%	1,033,000
Most Recent Note for WES - 6/13/2022 12:50:04 PM Retreating from its 52-week high with today's 4th consecutive loss. Completed a Secondary Offering on 3/24/21. Reported earnings +70% on +12% sales revenues for the Mar '22 quarter versus the year ago period. Fundamental concerns remain. This Limited Partnership's prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Lackluster annual earnings (A criteria) history is also below guidelines of the fact-based investment system.
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WLKP - NYSE - Chemicals-Basic Westlake Chemical Partners	$25.53	-0.93 -3.51%	$26.33	$29.40	-13.16%	70,747 126.33%	56,000
Most Recent Note for WLKP - 6/13/2022 12:52:11 PM Slumping below its 200 DMA line ($26.04) with higher volume behind today's 4th consecutive loss. Reported Mar '22 quarterly earnings +7% on +35% sales revenues versus the year ago period and fundamental concerns remain. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C and A criteria).
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