Mid-Day Breakouts Report - Tuesday, June 28th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, JUNE 28TH, 2022
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DOW 31225.35 -212.91 (-0.68%) | NASDAQ 11275.15 -249.4 (-2.16%) | S&P 500 3851.11 -49 (-1.26%)

Time of Screening : 6/28/2022 12:35:44 PM Report Released : 6/28/2022 12:50:54 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

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
CRT - NYSE - Oil&Gas-Royalty Trust Cross Timber Royalty Tr	$18.16	-0.07 -0.36%	$18.83	$21.00	-13.55%	59,247 68.89%	86,000
Most Recent Note for CRT - 6/28/2022 12:36:29 PM Found support near its 50 DMA line while encountering distributional pressure since hitting a new 52-week high when noted with caution in the 6/09/22 mid-day report - "Recent 4 quarterly comparisons through Mar '22 versus the year ago period have shown strong sales revenues and earnings increases percentage-wise. Quarterly revenues totals have been in the $1-3 million range, minuscule relative to any great publicly traded growth company. Annual earnings history (A criteria) leaves fundamental concerns."
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EGY - NYSE - ENERGY - Independent Oil & Gas Vaalco Energy Inc	$7.96	+0.26 3.38%	$8.46	$8.77	-9.24%	1,828,537 90.30%	2,025,000
Most Recent Note for EGY - 6/28/2022 12:37:04 PM Intra-day price swings have been wider than usual while hovering near its 52-week high. Consolidating above its 50 DMA line ($7.16). 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	$7.03	-0.07 -0.99%	$7.35	$7.22	-2.63%	91,916 119.37%	77,000
Most Recent Note for ELA - 6/28/2022 12:37:53 PM Hit a new 52-week high with today's early 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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FNKO - NASDAQ - Leisure-Toys/Games/Hobby Funko Inc Cl A	$23.28	-0.91 -3.76%	$24.76	$25.08	-7.18%	499,415 68.79%	726,000
Most Recent Note for FNKO - 6/28/2022 12:38:32 PM Posted 5 consecutive volume-driven gains, 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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NL - NYSE - Hsehold/Office Furniture N L Industries	$9.62	-0.22 -2.27%	$10.20	$10.01	-3.93%	33,514 85.93%	39,000
Most Recent Note for NL - 6/28/2022 12:40:31 PM Reversed into the red after early gains today for a new high. Found support well above its 50 DMA line after rallying from a sound base pattern in recent weeks. Prior mid-day reports cautioned members - "Earnings and sales revenues history is below the fact-based investment system's guidelines."
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NVO - NYSE - DRUGS - Drug Manufacturers - Other Novo Nordisk A/S Adr	$108.97	-3.92 -3.47%	$109.97	$122.16	-10.80%	906,516 61.58%	1,472,000
Most Recent Note for NVO - 6/28/2022 12:41:04 PM This Denmark-based Medical - Ethical Drug firm is consolidating near its 50 and finding support near its 200 DMA line. Prior mid-day reports repeatedly cautioned members - "Fundamental concerns remain after it reported Mar '22 quarterly earnings +8% on +17% sales revenues versus the year ago period."
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OBCI - NASDAQ - CONSUMER NON-DURABLES - Cleaning Products Ocean Bio Chem Inc	$12.87	+0.01 0.08%	$12.87	$13.40	-3.96%	25,217 78.80%	32,000
Most Recent Note for OBCI - 6/28/2022 12:41:12 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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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$19.72	-1.68 -7.83%	$21.75	$23.04	-14.39%	1,150,881 141.21%	815,000
Most Recent Note for PLAB - 6/28/2022 12:42:12 PM Found support near prior highs in the $20 area while recently consolidating after hitting new multi-year highs. 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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RGP - NASDAQ - Comml Svcs-Consulting Resources Connection Inc	$20.41	-0.71 -3.36%	$21.62	$20.65	-1.16%	277,858 128.05%	217,000
Most Recent Note for RGP - 6/28/2022 12:42:54 PM Hit another new 52-week high today following 2 consecutive volume-driven gains. 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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RUSHB - NASDAQ - SPECIALTY RETAIL - Auto Dealerships Rush Enterprises Cl B	$50.70	-0.73 -1.42%	$52.00	$58.01	-12.60%	21,606 67.52%	32,000
Most Recent Note for RUSHB - 6/28/2022 12:45:18 PM Consolidating above its 50 and 200 DMA lines, holding its ground within striking distance of its 52-week high. Reported earnings +81% on +27%% sales revenues for the Mar '22 quarter versus the year ago period. Prior comparisons were 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 guidelines.
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SAFM - NASDAQ - FOOD & BEVERAGE - Meat Products Sanderson Farms Inc	$220.13	+2.92 1.34%	$221.63	$216.01	1.91%	228,371 75.87%	301,000
Most Recent Note for SAFM - 6/28/2022 12:45:49 PM Perched at its all-time high after heavy volume behind gains in recent weeks. Prior mid-day reports noted - "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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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$52.80	+0.96 1.85%	$53.66	$61.68	-14.40%	3,069,087 57.65%	5,324,000
Most Recent Note for SHEL - 6/28/2022 12:47:07 PM Violated its 50 DMA line and found support at its 200 DMA line ($50) after damaging volume-driven losses. 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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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$510.17	+4.51 0.89%	$518.61	$553.29	-7.79%	2,403,584 69.61%	3,453,000
Most Recent Note for UNH - 6/28/2022 12:47:50 PM Rebounded above its 50 DMA line ($496) with recent 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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USAK - NASDAQ - TRANSPORTATION - Trucking U S A Truck Inc	$31.03	+0.18 0.58%	$31.19	$31.67	-2.02%	494,665 240.13%	206,000
Most Recent Note for USAK - 6/28/2022 12:49:49 PM Gapped up on 6/24/22 M&A news. Recent quarterly comparisons through Mar '22 were strong but its prior earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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VIVO - NASDAQ - DRUGS - Diagnostic Substances Meridian Bioscience Inc	$30.79	-0.90 -2.84%	$31.74	$30.21	1.92%	268,050 69.80%	384,000
Most Recent Note for VIVO - 6/28/2022 12:50:47 PM Volume-driven gains helped it hit a new 52-week high on the prior session. Prior mid-day reports cautioned members - "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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