Mid-Day Breakouts Report - Thursday, August 18th, 2022

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MIDDAY BREAKOUTS REPORT - THURSDAY, AUGUST 18TH, 2022
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DOW 33957.16 -23.16 (-0.07%) | NASDAQ 12990.6 52.48 (0.41%) | S&P 500 4285.93 11.89 (0.28%)

Time of Screening : 8/18/2022 12:13:06 PM Report Released : 8/18/2022 12:54:33 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
SNPS - NASDAQ Synopsys Inc	$373.89	-7.12 -1.87%	$391.00	779,423 86.12% of 50 DAV 50 DAV is 905,000	$391.17 -4.42%	8/17/2022	$381.37	PP = $377.70 MB = $396.59
Most Recent Note - 8/18/2022 12:49:32 PM Y - Perched at its all-time high, enduring distributional pressure. Color code was changed to yellow in the prior mid-day report with pivot point cited based on its 12/28/21 high plus 10 cents. However, it reported Jul '22 quarterly earnings +16% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. 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 well 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
ACLS - NASDAQ - ELECTRONICS - Semiconductor Equipment & Mate Axcelis Technologies Inc	$74.56	+5.18 7.47%	$74.58	$83.74	-10.96%	251,364 61.31%	410,000
Most Recent Note for ACLS - 8/18/2022 12:14:10 PM Rebounding quickly with today's big gain after encountering distributional pressure since recently challenging its 52-week high. Noted with caution in prior mid-day reports "Reported Jun '22 quarterly earnings +140% on +50% sales revenues versus the year ago period, its 9th strong quarterly comparison. Up and down annual earnings (A criteria) history is not a great match with the fundamental guidelines of the fact-based investment system."
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AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$23.82	-0.28 -1.14%	$24.48	$25.03	-4.85%	396,138 445.10%	89,000
Most Recent Note for AMAL - 8/18/2022 12:15:21 PM Hovering near its 52-week high and churning heavy volume, noted action indicative of distributional pressure. Prior mid-day reports cautioned members - "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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BJ - NYSE - Retail-Discount&Variety BJs Wholesale Club Hldgs	$74.92	+5.79 8.37%	$77.47	$74.09	1.11%	4,590,430 226.24%	2,029,000
Most Recent Note for BJ - 8/18/2022 12:17:58 PM Gapped up today for a considerable volume-driven gain hitting new 52-week and all-time highs. Bullish action came after it reported Jul '22 quarterly earnings +29% on +22% sales revenues versus the year ago period. Earnings increases were below the +25% minimum (C criteria) in the 5 prior quarterly comparisons versus the year ago periods. It was dropped from the Featured Stocks list on 2/23/21.
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CLAR - NASDAQ - Leisure-Products Clarus Corporation	$28.28	-0.91 -3.12%	$28.90	$31.20	-9.36%	1,057,358 72.08%	1,467,000
Most Recent Note for CLAR - 8/18/2022 12:21:59 PM Reported Jun '22 quarterly earnings +65% on +57% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline. Rebounded quickly toward its prior high with a streak of volume-driven gains in recent weeks. Went through a deep consolidation since dropped from the Featured Stocks list on 9/30/21.
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DEN - NYSE - Oil&Gas-Intl Expl&Prod Denbury Inc	$91.45	+2.73 3.08%	$92.57	$91.30	0.16%	745,826 106.70%	699,000
Most Recent Note for DEN - 8/18/2022 12:29:11 PM Today's volume-driven gain has it hitting a new 52-week high. Quarterly comparisons have been very strong through Jun '22 versus the year ago periods. The company previously went through bankruptcy, then reemerged, rallied impressively, and consolidated for the past 10 months.
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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$35.06	+1.22 3.61%	$35.29	$35.71	-1.82%	150,310 59.41%	253,000
Most Recent Note for DGII - 8/18/2022 12:30:01 PM Today's gain has it perched at its 52-week high. Held its ground stubbornly after recent volume-driven gains. Earnings rose +80% for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history included a downturn in FY '17-18.
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ENSG - NASDAQ - HEALTH SERVICES - Long-Term Care Facilities Ensign Group Inc	$89.93	-0.13 -0.14%	$90.70	$94.25	-4.58%	115,970 59.17%	196,000
Most Recent Note for ENSG - 8/18/2022 12:31:33 PM Recently rebounding near its April high and toward its all-time high. Reported earnings +13% on +15% sales revenues for the Jun '22 quarter versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). Annual earnings history included a downturn in FY '18, a flaw concerning the fact-based investment system's fundamental guidelines.
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HCCI - NASDAQ - Pollution Control Heritage-Crystal Clean	$33.47	+0.12 0.36%	$33.56	$36.29	-7.77%	74,656 62.74%	119,000
Most Recent Note for HCCI - 8/18/2022 12:31:52 PM Pulled 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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KEYS - NYSE - Elec-Scientific/Msrng Keysight Technologies Inc	$179.61	+10.32 6.10%	$180.67	$209.08	-14.10%	590,006 71.00%	831,000
Most Recent Note for KEYS - 8/18/2022 12:34:26 PM Faces resistance due to overhead supply up to the $209 level. Gapped up today after reporting Jul '22 quarterly earnings +31% on +10% versus the year ago period, its 2nd quarterly comparison above the +25% minimum guideline (C criteria) following 2 sub par quarterly comparisons. Annual earnings history (A criteria) has been strong.
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ON - NASDAQ - Elec-Semiconductor Mfg O N Semiconductor Corp	$74.61	+6.32 9.25%	$74.67	$72.15	3.41%	9,394,374 95.45%	9,842,000
Most Recent Note for ON - 8/18/2022 12:36:40 PM Hitting a new 52-week high with today's considerable volume-driven gain. It has shown bullish action since prior mid-day reports noted - "Reported Jun '22 quarterly earnings +113% on +25% sales revenues versus the year ago period, marking its 6th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been up and down, not strong and steady."
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PGTI - NASDAQ - Bldg-Constr Prds/Misc P G T Inc	$23.00	+0.93 4.21%	$23.16	$23.36	-1.54%	244,509 62.53%	391,000
Most Recent Note for PGTI - 8/18/2022 12:37:00 PM Reported earnings +272% on +42% sales revenues for the Jun '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Fundamental concerns remain. Its annual earnings history included a downturn in FY '19, not a great match with the fact-based investment system's guidelines (A criteria). Completed a new Public Offering on 9/13/18.
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SAH - NYSE - SPECIALTY RETAIL - Auto Dealerships Sonic Automotive Cl A	$53.61	-0.24 -0.45%	$54.25	$58.00	-7.57%	311,799 79.54%	392,000
Most Recent Note for SAH - 8/18/2022 12:38:25 PM Nearly challenged its all-time high with an impressive spurt of volume-driven gains. The 8/17/22 mid-day report noted - "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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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$53.51	+0.60 1.12%	$53.52	$61.68	-13.25%	4,553,741 89.73%	5,075,000
Most Recent Note for SHEL - 8/18/2022 12:41:27 PM Consolidating above its 50 and 200 DMA lines following recent gains. Encountered distributional pressure in June and early July. Past 4 quarterly comparisons through Jun '22 were well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been up and down.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$71.09	+3.48 5.14%	$71.10	$68.80	3.32%	548,732 98.87%	555,000
Most Recent Note for SMCI - 8/18/2022 12:42:29 PM Hitting yet another new all-time high with today's volume-driven gain adding to a recently noted spurt higher. Reported Jun '22 quarterly earnings +223% on +53% sales revenues versus the year ago period, its 3rd strong quarterly earnings increase well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) had a downturn in FY '21.
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SPFI - NASDAQ - Banks-West/Southwest South Plains Financial	$26.55	-0.05 -0.19%	$26.59	$29.89	-11.17%	27,533 80.98%	34,000
Most Recent Note for SPFI - 8/18/2022 12:49:54 PM Consolidating near its 200 DMA line ($24.54). Reported Jun '22 quarterly earnings +19% on +8% sales revenues versus the year ago period. Prior quarterly and annual earnings history is not a match with the fundamental guidelines of the fact-based investment system.
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WIRE - NASDAQ - Electrical-Power/Equipmt Encore Wire Corp	$143.01	+8.48 6.30%	$146.98	$151.64	-5.69%	167,710 59.47%	282,000
Most Recent Note for WIRE - 8/18/2022 12:52:47 PM Wedging near previously stubborn resistance in the $146-151 area with today's 7th consecutive gain. Last noted in the 7/28/22 mid-day report - "Reported earnings +21% on +13% sales revenues for the Jun '22 quarter versus the year ago period, breaking a streak of 7 strong quarterly earnings comparisons well above the +25% minimum guideline (C criteria). Showing worrisome deceleration in its sales revenues growth rate in sequential comparisons. Fundamental concerns remain. Erratic annual earnings (A criteria) history makes it not a good match with the fact-based investment system's fundamental guidelines."
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XPEL - NASDAQ - Auto/Truck-Tires & Misc Xpel Inc	$82.06	-0.92 -1.11%	$82.54	$87.01	-5.69%	138,324 73.97%	187,000
Most Recent Note for XPEL - 8/18/2022 12:54:26 PM Faces resistance due to overhead supply up to the $103 level. Rallied quickly toward its July 2021 high with recently noted volume-driven gains, but prior mid-day reports cautioned members - "It was dropped from the Featured Stocks list on 8/13/21 and went through a deep consolidation. Fundamental are a concern after it reported Jun '22 quarterly earnings +16% on +22% sales revenues versus the year ago period, its 3rd quarterly comparison below the +25% minimum earnings guideline (C criteria)."
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