Mid-Day Breakouts Report - Wednesday, June 15th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, JUNE 15TH, 2022
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DOW 30540.17 175.34 (0.58%) | NASDAQ 11002.22 173.87 (1.61%) | S&P 500 3770.03 34.55 (0.92%)

Time of Screening : 6/15/2022 12:11:44 PM Report Released : 6/15/2022 12:28:44 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 50% 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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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
CCMP - NASDAQ - CHEMICALS - Specialty Chemicals Cabot Microelectronics	$175.93	+0.52 0.30%	$176.69	$197.00	-10.70%	285,473 78.21%	365,000
Most Recent Note for CCMP - 6/15/2022 12:14:07 PM Slumped below its 50 DMA line again with recent losses. Consolidating since M&A news 12/15/21. Reported earnings +13% on +12% sales revenues Mar '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) included a downturn in FY '21.
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$72.39	-1.83 -2.47%	$74.31	$75.49	-4.11%	1,981,620 119.88%	1,653,000
Most Recent Note for CLR - 6/15/2022 12:15:24 PM Gapped up and hit a new 52-week high on the prior session when noted with caution in the mid-day report - "Reported earnings +244% on +49% sales revenues for the Mar '22 quarter versus the year ago period. Prior earnings history has been erratic and not a match with the investment system's guidelines."
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CNQ - NYSE - ENERGY - Independent Oil & Gas Canadian Natural Res Ltd	$60.34	-0.21 -0.35%	$61.22	$70.60	-14.53%	2,679,187 107.38%	2,495,000
Most Recent Note for CNQ - 6/15/2022 12:16:52 PM Reported very strong earnings and sales revenues increases in recent quarterly comparisons through Mar '22 versus the year ago periods. This Canadian Oil and Gas Explorer/Producer slumped below its 50 DMA line with higher volume behind recent losses. Fundamental concerns remain as when noted with caution in the 9/02/14 mid-day report - "Up and down annual earnings (A criteria) history is a flaw with respect to the fact-based investment system's guidelines."
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DGICA - NASDAQ - Insurance-Prop/Cas/Titl Donegal Group Inc Cl A	$16.23	-0.01 -0.06%	$16.37	$16.50	-1.64%	70,982 95.92%	74,000
Most Recent Note for DGICA - 6/15/2022 12:17:11 PM Perched within close striking distance of its 52-week high. Reported earnings +48% on +5% sales revenues for the Mar '22 quarter versus the year ago period. Prior mid-day reports repeatedly cautioned members - "Prior quarterly sales revenues and earnings growth has not been strong and steady. Annual earnings (A criteria) history also has been up and down."
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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$35.78	+0.95 2.73%	$35.85	$39.15	-8.61%	1,872,794 51.91%	3,608,000
Most Recent Note for EQNR - 6/15/2022 12:18:15 PM Sputtering below its 50 DMA line ($36). Noted with caution in prior mid-day reports - "Recent quarterly comparisons through Mar '22 showed strong sales revenues and earnings increases over the year ago period. Annual earnings history has been erratic."
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ESTE - AMEX - Oil&Gas-U S Expl&Prod Earthstone Energy Inc	$19.50	+0.43 2.23%	$20.06	$22.25	-12.38%	910,803 67.67%	1,346,000
Most Recent Note for ESTE - 6/15/2022 12:19:40 PM Pulled back from its 52-week high with recent volume-driven losses 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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FMAO - NASDAQ - Banks-Midwest Farmers & Merchants Banc	$36.45	+2.17 6.32%	$36.45	$42.14	-13.51%	47,506 93.15%	51,000
Most Recent Note for FMAO - 6/15/2022 12:20:37 PM Volume-driven losses violated its 50 DMA line ($37.82) as it abruptly reversed after hitting a new 52-week high. 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	$3.94	+0.23 6.24%	$3.97	$4.11	-4.10%	405,219 116.78%	347,000
Most Recent Note for GASS - 6/15/2022 12:21:48 PM Adding to a recent spurt of volume-driven gains today while challenging 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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GO - NASDAQ - Retail-Discount&Variety Grocery Outlet Hdg Corp	$37.99	-0.15 -0.39%	$38.48	$39.50	-3.82%	543,231 52.33%	1,038,000
Most Recent Note for GO - 6/15/2022 12:22:05 PM Earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system.
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GSK - NYSE - Medical-Diversified Glaxosmithkline Plc Adr	$41.76	+0.52 1.25%	$42.08	$46.97	-11.10%	3,688,732 62.84%	5,870,000
Most Recent Note for GSK - 6/15/2022 12:23:07 PM Met resistance near its 50 DMA line recently and violated its 200 DMA line with damaging volume-driven losses. 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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SAFM - NASDAQ - FOOD & BEVERAGE - Meat Products Sanderson Farms Inc	$207.21	-0.21 -0.10%	$208.82	$208.38	-0.56%	186,415 73.10%	255,000
Most Recent Note for SAFM - 6/15/2022 12:24:39 PM Perched at its all-time high after heavy volume behind its big gain on the prior session. Reported very strong sales revenues and earnings increases in quarterly comparisons through Apr '22 versus the year ago periods. Sub par annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines. Consolidating since M&A news 8/09/21 with Cargill.
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UNVR - NYSE - Chemicals-Specialty Univar Solutions Inc	$30.19	+0.72 2.44%	$30.61	$34.00	-11.21%	844,214 67.43%	1,252,000
Most Recent Note for UNVR - 6/15/2022 12:25:44 PM Finding support this week after retesting its 200 DMA line ($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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WLKP - NYSE - Chemicals-Basic Westlake Chemical Partners	$25.33	-0.43 -1.66%	$25.65	$29.40	-13.84%	29,655 51.13%	58,000
Most Recent Note for WLKP - 6/15/2022 12:27:11 PM Slumped below its 200 DMA line ($26.04) with higher volume during a damaging streak of 6 consecutive losses. 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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WWE - NYSE - LEISURE - General Entertainment World Wrestling Entmnt	$67.35	+3.34 5.21%	$67.41	$68.72	-2.00%	326,090 50.24%	649,000
Most Recent Note for WWE - 6/15/2022 12:28:33 PM After finding support near prior highs in the $63 area it is quickly rebounding toward its 52-week high. Prior mid-day reports noted - "Reported Mar '22 quarterly earnings +51% on +27% sales revenues versus the year ago period, its 2nd strong quarterly comparison. The prior 4 quarterly earnings comparisons were negative, down from the year ago periods. Annual earnings (A criteria) history had a downturn in FY '19."
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