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 MIDDAY BREAKOUTS REPORT - FRIDAY, JULY 22ND, 2022
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DOW 31932.96 -103.94 (-0.32%) | NASDAQ 11859.14 -200.47 (-1.66%) | S&P 500 3966.93 -32.02 (-0.80%)
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Time of Screening :
7/22/2022 12:29:54 PM Report Released :
7/22/2022 12:58:31 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...
At around
mid-way through each trading day we run
a screen against our database of
high-ranked stocks, searching for
possible buy candidates that are trading
at or near their 52-week high on above
average volume. The results of that
screen are split into the two sections
you see below. The first, titled
"TODAY's FEATURED STOCKS" shows stocks
that our experts have recently
identified as among the strongest candidates to
consider. Stocks highlighted in yellow
are the most timely and noteworthy, so
particular attention and prompt action
may be appropriate. The second section,
titled "TODAY's BREAKOUT SCREEN" shows
the remainder of stocks meeting today's
screen parameters. Our experts have
reviewed and included notes on these
stocks as well, but found that they may
not match up as favorably.
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Y - Today's strongest
candidates
highlighted
by our staff
of experts.
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G - Previously featured in
this report as yellow and
now may no longer be buyable
under the guidelines.
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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 |
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Max Buy |
AN
- NYSE
Autonation Inc
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$118.40
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+2.78
2.40%
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$121.71
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381,884
50.18% of 50 DAV
50 DAV is 761,000
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$133.48
-11.30%
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7/20/2022 |
$122.03
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PP = $126.49
MB = $132.81 |
Most Recent Note - 7/22/2022 12:34:00 PM
Y - Posting a gain today following 2 consecutive volume-driven losses and its color code is changed to yellow after rebounding above its 50 DMA line ($116). Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period. Volume and volatility often increase near earnings news. Perched within striking distance of prior highs in the $126 area, and it faces some resistance due to overhead supply up to the $133 level. Reported Mar quarterly earnings +107% on +14% sales revenues versus the year ago period, its 7th very strong earnings comparison. Annual earnings growth has been strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 7/20/2022. Click here.
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SEC |
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A N
S L
I M
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Symbol - Exchange - Industry Group
Company Name |
Last |
Chg |
Day
High |
52 WK Hi |
% From Hi |
Volume
% DAV |
DAV |
ATAX
- NASDAQ - Finance-Mrtg&Rel Svc
America First Multfm Inv
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$19.09 |
-0.22
-1.11%
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$19.33
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$21.21
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-10.02% |
22,172
51.56%
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43,000
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Most Recent Note for ATAX - 7/22/2022 12:42:20 PM
Rebounded above its 200 DMA line with recent gains. Prior mid-day reports noted - "Reported earnings +281% on +33% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines."
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SEC |
News |
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A N
S L
I M
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CNR
- NYSE - Bldg-Constr Prds/Misc
Cornerstone Bld Brands
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$24.65 |
+0.00
0.00%
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$24.66
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$24.66
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-0.04% |
1,372,373
82.87%
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1,656,000
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Most Recent Note for CNR - 7/22/2022 12:43:12 PM
Consolidating following M&A news 3/07/22.
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SEC |
News |
Chart | C
A N
S L
I M
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ECPG
- NASDAQ - FINANCIAL SERVICES - Credit Services
Encore Capital Group Inc
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$68.55 |
+1.47
2.19%
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$69.45
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$72.67
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-5.67% |
188,089
59.33%
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317,000
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Most Recent Note for ECPG - 7/22/2022 12:44:17 PM
On track today for a 4th consecutive gain, approaching its 52-week high. Prior mid-day reports cautioned members - "Reported the Mar '22 quarter with strong +115% earnings on +20% sales revenues versus the year ago period. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria)."
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SEC |
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A N
S L
I M
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PSN
- NYSE - Computer Sftwr-Enterprse
Parsons Corporation
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$42.12 |
+0.62
1.49%
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$42.40
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$41.84
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0.67% |
258,916
56.16%
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461,000
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Most Recent Note for PSN - 7/22/2022 12:45:28 PM
Hitting a new 52-week high with today's 6th consecutive gain. Reported earnings +18% on +9% sales revenues for the Mar '22 quarter versus the year ago period. Fundamental concerns remain.
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A N
S L
I M
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RELL
- NASDAQ - Elec-Misc Products
Richardson Electrs
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$15.40 |
+0.16
1.02%
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$16.00
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$17.21
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-10.55% |
226,168
152.82%
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148,000
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Most Recent Note for RELL - 7/22/2022 12:48:26 PM
Pulled back from its 52-week high with a volume-driven loss on the prior session. Quarterly earnings growth has been strong through the May '22 quarter. Erratic annual earnings (A criteria) history is a concern, so fundamentals are below the guidelines of the investment system.
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A N
S L
I M
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ROL
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
Rollins Inc
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$36.70 |
+0.14
0.38%
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$37.03
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$40.11
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-8.50% |
1,043,086
67.12%
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1,554,000
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Most Recent Note for ROL - 7/22/2022 12:50:31 PM
Fundamental concerns remain. Reported earnings +7% on +10% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Annual earnings growth history has been steady. There was a 3-2 split effective 12/11/18.
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SEC |
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A N
S L
I M
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SLP
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Simulations Plus Inc
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$61.20 |
-0.33
-0.54%
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$62.22
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$62.19
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-1.59% |
93,375
71.83%
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130,000
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Most Recent Note for SLP - 7/22/2022 12:51:37 PM
Perched at its 52-week high following 3 co0nsecutive volume-driven gains. Still faces resistance due to overhead supply up to the $90 level and prior mid-day reports cautioned members - "Reported earnings +11% on +17% sales revenues for the May '22 quarter versus the year-ago period and fundamental concerns remain. Prior quarterly comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria). Quarterly sales revenues totals have been in the $9-15 million range, growing, but still rather minuscule for publicly traded companies. Has a new CEO effective 6/26/18."
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A N
S L
I M
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$51.22 |
-0.42
-0.80%
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$52.32
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$58.34
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-12.21% |
311,489
64.49%
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483,000
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Most Recent Note for SMCI - 7/22/2022 12:52:17 PM
Gapped up on the prior session for a considerable 5th consecutive volume-driven gain. Went through a deep pullback after noted in the 6/06/22 mid-day report- "Bullish action came after it reported earnings +210% on +81% sales revenues for the Mar '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21."
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TAP
- NYSE - Beverages-Alcoholic
Molson Coors Brewing B
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$57.70 |
+0.52
0.91%
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$58.17
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$59.38
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-2.83% |
798,708
51.86%
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1,540,000
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Most Recent Note for TAP - 7/22/2022 12:53:39 PM
Holding its ground perched near its 52-week high. Reported strong Dec '21 and Mar '22 quarterly results versus the year ago periods. Prior quarterly and annual earnings history (C and A criteria) has been lackluster and is not a match with the fundamental guidelines of the fact-based investment system.
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I M
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TMUS
- NYSE - Telecom Svcs-Wireless
T-Mobile U.S. Inc
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$131.60 |
-1.59
-1.19%
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$135.02
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$146.92
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-10.43% |
2,408,085
56.11%
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4,292,000
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Most Recent Note for TMUS - 7/22/2022 12:55:11 PM
Pulling back today for a 3rd consecutive loss testing its 50 DMA line ($132.35). Faces resistance due to overhead supply up to the $150 level. Due to report Jun '22 quarterly results on 7/27/22. Reported Mar '22 quarterly earnings +53% on +2% sales revenues versus the year ago period. Completed a new Public Offering on 6/25/20. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20.
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WNS
- NYSE - DIVERSIFIED SERVICES - Business/Management Services
W N S Holdings Ltd Ads
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$84.28 |
+2.10
2.56%
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$84.49
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$91.48
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-7.87% |
167,005
86.53%
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193,000
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Most Recent Note for WNS - 7/22/2022 12:58:19 PM
India-based Commercial Services - Outsourcing firm is rebounding above its 200 DMA line with today's gain adding to recent volume-driven gains. Reported Jun '22 quarterly earnings +18% on +17% sales revenues versus the year ago period. Prior comparisons were not strong and steady above the +25% minimum earnings guideline (C criteria) and fundamental concerns remain. Up and down annual earnings (A criteria) history is not a match with 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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