Mid-Day Breakouts Report - Wednesday, August 17th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 17TH, 2022
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DOW 33902.81 -249.2 (-0.73%) | NASDAQ 12903.42 -199.13 (-1.52%) | S&P 500 4266.53 -38.67 (-0.90%)

Time of Screening : 8/17/2022 11:55:02 AM Report Released : 8/17/2022 12:29:23 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 45% 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
SNPS - NASDAQ Synopsys Inc	$381.37	-4.30 -1.11%	$384.76	622,718 70.36% of 50 DAV 50 DAV is 885,000	$391.17 -2.51%	8/17/2022	$381.37	PP = $377.70 MB = $396.59
Most Recent Note - 8/17/2022 12:28:20 PM Y - Color code is changed to yellow with pivot point cited based on its 12/28/21 high plus 10 cents. Perched at its all-time high with earnings news due for the Jul '22 quarter. Volume and volatility often increase near earnings news. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a convincing technical buy signal. Earnings for the Jan and Apr '22 quarters versus the year ago periods were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been strong and steady. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2021. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ADI - NASDAQ - ELECTRONICS - Semiconductor - Broad Line Analog Devices	$168.09	-10.95 -6.12%	$174.02	$191.95	-12.43%	2,433,923 75.59%	3,220,000
Most Recent Note for ADI - 8/17/2022 11:58:40 AM Gapped down today, abruptly retreating after reporting Jul '22 quarterly earnings +47% on +77% sales revenues for the quarter versus the year ago period marking its 3rd quarterly comparison above the +25% minimum guideline (C criteria). Downturn in FY '19 and '20 annual earnings (A criteria) is a fundamental flaw with regard to the strict guidelines of the fact-based investment system.
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AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$24.10	-0.03 -0.12%	$24.34	$25.03	-3.72%	75,213 86.45%	87,000
Most Recent Note for AMAL - 8/17/2022 11:59:47 AM Hovering at its 52-week high and churning heavy volume, action indicative of distributional pressure. Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +94% on +35% sales revenues versus the year ago period but fundamental concerns remain. Prior quarterly comparisons were below the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been good."
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CARE - NASDAQ - Banks-Southeast Carter Bankshares Inc	$16.77	-0.07 -0.42%	$16.87	$17.99	-6.78%	54,671 95.91%	57,000
Most Recent Note for CARE - 8/17/2022 12:01:04 PM Posted 13 consecutive gains. Earnings increases in recent quarterly comparisons through Jun '22 versus the year ago periods showed great earnings improvement. Fundamental concerns remain due to sub par sales revenues growth and erratic annual (A criteria) earnings history.
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FN - NYSE - ELECTRONICS - Specialized Electronics Fabrinet	$114.96	-0.80 -0.69%	$116.77	$126.28	-8.97%	108,627 59.69%	182,000
Most Recent Note for FN - 8/17/2022 12:04:49 PM Gapped up on the prior session for a considerable volume-driven gain nearly challenging its 52-week high. Reported earnings +28% on +15% sales revenues for the Jun '22 quarter versus the year ago period, and 3 of the past 4 quarters showed earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history included a slight downturn in FY '20.
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$33.24	-0.89 -2.61%	$34.00	$36.29	-8.40%	69,804 60.18%	116,000
Most Recent Note for HCCI - 8/17/2022 12:05:57 PM Pulling back with above average volume after hovering in a tight range near its 52-week high. Prior mid-day reports repeatedly cautioned members - "Reported strong quarterly results through Jun '22 versus year ago periods. Annual earnings (A criteria) history has been up and down, not a great match with the fact-based investment system's fundamental guidelines."
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JKHY - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Jack Henry & Assoc Inc	$193.64	-17.20 -8.16%	$200.49	$212.62	-8.93%	539,008 124.20%	434,000
Most Recent Note for JKHY - 8/17/2022 12:08:21 PM Gapped down today retreating abruptly from its all-time high and testing its 50 DMA line ($192) with today's big loss. Reported earnings +6% on +7% sales revenues for the Jun '22 quarter versus the year ago period. Last noted with caution in the 5/04/22 mid-day report - "Sales revenues growth has been sub par and prior earnings increases have been under the +25% minimum guideline (C criteria)."
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MRTN - NASDAQ - TRANSPORTATION - Trucking Marten Transport Ltd	$22.01	-1.37 -5.86%	$22.89	$23.43	-6.06%	219,010 47.71%	459,000
Most Recent Note for MRTN - 8/17/2022 12:11:24 PM Pulling back today after wedging to new 52-week highs with a recent spurt of gains lacking great volume conviction. It made steady progress after last noted in the 7/20/22 mid-day report "Reported Jun '22 quarterly earnings +50% on +42% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong."
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PLAB - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Photronics Inc	$22.83	-1.11 -4.64%	$23.93	$25.81	-11.55%	437,842 47.75%	917,000
Most Recent Note for PLAB - 8/17/2022 12:12:57 PM Pulling back today for a 3rd consecutive loss, retreating from multi-year highs. Its 50 DMA line ($21.26) defines near-term support to watch. 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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SAH - NYSE - SPECIALTY RETAIL - Auto Dealerships Sonic Automotive Cl A	$53.18	-0.12 -0.23%	$53.69	$58.00	-8.31%	186,968 48.19%	388,000
Most Recent Note for SAH - 8/17/2022 12:17:13 PM Nearly challenging its all-time high with an impressive spurt of volume-driven gains. Reported Jun '22 quarterly earnings -11% on +9% versus the year ago period. Prior quarterly comparisons had stronger earnings and sales revenues growth. Annual earnings (A criteria) growth has been strong after a downturn in FY '17 and '18.
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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$103.29	-2.41 -2.28%	$105.79	$115.76	-10.77%	848,619 58.53%	1,450,000
Most Recent Note for SQM - 8/17/2022 12:29:15 PM The Chile-based firm is pulling back after challenging its all-time high with 6 consecutive gains marked by ever-increasing volume. Due to report Jun '22 quarterly results. Volume and volatility often increase near earnings news. Quarterly comparisons have been strong through Mar '22 as it reported earnings +973% on +282% sales revenues versus the year ago period. This high-ranked leader in the strong Chemicals - Agricultural group's annual earnings history (A criteria) has been erratic in recent years, below the 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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