Mid-Day Breakouts Report - Friday, June 24th, 2022

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MIDDAY BREAKOUTS REPORT - FRIDAY, JUNE 24TH, 2022
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DOW 31328.11 650.75 (2.12%) | NASDAQ 11474.87 242.68 (2.16%) | S&P 500 3884.74 89.01 (2.35%)

Time of Screening : 6/24/2022 12:04:43 PM Report Released : 6/24/2022 12:28:52 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

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
LLY - NYSE Lilly Eli & Co	$325.02	+12.30 3.93%	$325.82	2,023,287 66.25% of 50 DAV 50 DAV is 3,054,000	$324.08 0.29%	5/16/2022	$302.46	PP = $314.10 MB = $329.81
Most Recent Note - 6/24/2022 12:21:17 PM Y - No resistance remains due to overhead supply as it gapped up today and hit a new high with its 5th consecutive gain backed by above average volume. Rebound above the 50 DMA line ($298) helped its outlook improve. A gain and strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 6/6/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$20.41	+0.55 2.77%	$20.48	$21.94	-6.97%	88,078 90.80%	97,000
Most Recent Note for AMAL - 6/24/2022 12:05:52 PM Stalled after hitting a new 52-week high with a big volume-driven gain. Prior mid-day reports noted - "Fundamental concerns remain. Recent quarterly comparisons through Mar '22 showed earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been good."
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CCMP - NASDAQ - CHEMICALS - Specialty Chemicals Cabot Microelectronics	$178.64	+5.11 2.94%	$178.74	$197.00	-9.32%	1,038,390 309.97%	335,000
Most Recent Note for CCMP - 6/24/2022 12:07:18 PM Consolidating in a tight range 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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DGICA - NASDAQ - Insurance-Prop/Cas/Titl Donegal Group Inc Cl A	$16.90	+0.66 4.06%	$16.90	$16.50	2.42%	85,447 101.72%	84,000
Most Recent Note for DGICA - 6/24/2022 12:13:05 PM Spiking to a new 52-week high with today's 5th consecutive volume-driven gain. Reported earnings +48% on +5% sales revenues for the Mar '22 quarter versus the year ago period. 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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ELA - AMEX - Retail/Whlsle-Jewelry Envela Corporation	$7.16	+0.53 7.99%	$7.16	$6.92	3.47%	105,810 146.96%	72,000
Most Recent Note for ELA - 6/24/2022 12:14:27 PM Hitting a new 52-week high with today's big gain 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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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$32.00	+0.53 1.68%	$32.69	$35.92	-10.91%	27,374 73.98%	37,000
Most Recent Note for FBIZ - 6/24/2022 12:15:40 PM Finding support today at its 200 DMA line following volume-driven losses while retreating 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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FNKO - NASDAQ - Leisure-Toys/Games/Hobby Funko Inc Cl A	$24.40	+0.74 3.13%	$25.08	$24.36	0.16%	589,227 84.54%	697,000
Most Recent Note for FNKO - 6/24/2022 12:16:28 PM On track today for a 5th consecutive volume-driven gain, rallying toward its May 2021 high. Quarterly comparisons through Mar '22 showed strong earnings increases (C criteria) with great sales revenues growth. Annual earnings (A criteria) history remains a concern after a big downturn in FY '20.
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GEF - NYSE - Containers/Packaging Greif Inc Cl A	$64.46	+1.43 2.27%	$65.17	$72.00	-10.47%	124,598 57.68%	216,000
Most Recent Note for GEF - 6/24/2022 12:17:53 PM Rebounding further above its 50 and 200 DMA lines toward prior highs with today's gain. Stalled after volume-driven gains since the 6/09/22 mid-day report noted - "Recent quarterly earnings increases through Mar '22 versus the year ago period were well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) had a downturn in FY '20, not a match with the fact-based investment system's strict fundamental guidelines."
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NBN - NASDAQ - BANKING - Regional - Northeast Banks Northeast Bancorp	$35.89	+0.78 2.22%	$35.89	$41.05	-12.57%	29,165 71.13%	41,000
Most Recent Note for NBN - 6/24/2022 12:23:00 PM Finding support at its 200 DMA line with today's gain. Prior mid-day reports noted - "Reported Mar '22 quarterly earnings +4% on -55% sales revenues versus the year ago period, breaking a streak of strong quarterly comparisons."
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OBCI - NASDAQ - CONSUMER NON-DURABLES - Cleaning Products Ocean Bio Chem Inc	$12.86	-0.01 -0.08%	$12.88	$13.40	-4.03%	21,007 70.02%	30,000
Most Recent Note for OBCI - 6/24/2022 12:25:47 PM Gapped up on 6/22/22 following M&A news. Fundamental concerns remain. Noted with caution in prior mid-day reports - "Sales revenues growth and earnings history is not a match with the fact-based investment system's fundamental guidelines."
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RGP - NASDAQ - Comml Svcs-Consulting Resources Connection Inc	$19.76	+1.35 7.33%	$19.79	$20.16	-1.98%	214,169 112.72%	190,000
Most Recent Note for RGP - 6/24/2022 12:27:01 PM Challenging its 52-week high with today's big volume-driven gain. Feb '22 quarterly earnings rose +364% on +31% sales revenues versus the year ago period. Noted with caution in the 4/08/22 mid-day report - "Reported strong Nov '21 quarterly results +124% on +31% sales revenues versus the year ago period, its 2nd strong quarter. Fundamental concerns remain."
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$494.87	-4.94 -0.99%	$499.76	$553.29	-10.56%	1,852,111 58.08%	3,189,000
Most Recent Note for UNH - 6/24/2022 12:28:14 PM Rebounded above its 200 DMA line ($472) this week and it is meeting resistance near its 50 DMA line ($498) today after 3 consecutive volume-driven gains. Prior mid-day reports cautioned members - "Reported earnings +3% on +14% sales revenues for the quarter ended March 31, 2022 versus the year ago period. Prior comparisons were erratic, not strong and steady above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and steady."
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WEYS - NASDAQ - CONSUMER NON-DURABLES - Textile - Apparel Footwear Weyco Group Inc	$31.01	-0.77 -2.42%	$32.03	$32.45	-4.44%	21,925 64.49%	34,000
Most Recent Note for WEYS - 6/24/2022 12:28:43 PM Pulling back today after hitting a new 52-week high with 4th consecutive volume-driven gains. Prior mid-day reports cautioned members - "Recent quarterly comparisons through Mar '22 versus the year ago periods showed great increases in sales revenues and earnings. Annual earnings included a loss in FY '20, not a match with the fundamental guidelines of the fact-based investment system."
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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.

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