Mid-Day Breakouts Report - Tuesday, August 23rd, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, AUGUST 23RD, 2022
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DOW 32936.5 -127.11 (-0.38%) | NASDAQ 12402.05 20.48 (0.17%) | S&P 500 4135.81 -2.18 (-0.05%)

Time of Screening : 8/23/2022 12:14:57 PM Report Released : 8/23/2022 12:56:59 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
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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
CECE - NASDAQ - Pollution Control Ceco Environmental	$10.20	+0.13 1.29%	$10.49	$10.49	-2.76%	367,060 121.14%	303,000
Most Recent Note for CECE - 8/23/2022 12:15:59 PM Rallying to new multi-year highs with today's gain adding to a recently noted spurt of volume-driven gains. Prior mid-day reports noted - "Reported earnings +100% on +34% sales revenues for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly earnings increases were sub par and its erratic annual earnings (A criteria) history remains a fundamental flaw."
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CPRX - NASDAQ - Medical-Biomed/Biotech Catalyst Pharma Partners	$14.75	+0.44 3.07%	$14.87	$14.58	1.17%	1,709,960 86.27%	1,982,000
Most Recent Note for CPRX - 8/23/2022 12:17:12 PM Extended from any sound base and perched at its all-time high today while adding to recently noted volume-driven gains. Reported Jun '22 quarterly earnings +75% on +46% sales revenues versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since turning profitable in FY '19.
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CRT - NYSE - Oil&Gas-Royalty Trust Cross Timber Royalty Tr	$21.67	+1.10 5.34%	$21.67	$21.00	3.19%	50,820 77.00%	66,000
Most Recent Note for CRT - 8/23/2022 12:20:48 PM Thinly traded Oil & Gas royalty firm found support near its 50 DMA line in recent weeks. Hitting a new 52-week high with today's 5th consecutive gain. Recent 5 quarterly comparisons through Jun '22 versus the year ago periods have shown strong sales revenues and earnings increases percentage-wise. Quarterly revenues totals have been in the $1-4 million range, rather minuscule relative to many publicly traded companies. Annual earnings history (A criteria) leaves fundamental concerns.
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DVN - NYSE - ENERGY - Independent Oil & Gas Devon Energy Corp	$71.48	+3.06 4.47%	$72.46	$79.40	-9.97%	8,418,306 65.62%	12,828,000
Most Recent Note for DVN - 8/23/2022 12:25:34 PM Gapped up today rebounding toward its 52-week high. Found support near its 200 DMA line during the consolidation since last noted with caution in the 6/13/22 mid-day report. Reported earnings +332% on +133% sales revenues for the Jun '22 quarter versus the year ago period, continuing the streak of very strong quarterly comparisons. Fundamental concerns remain. Up and down annual earnings (A criteria) history is a flaw making it not a desirable buy candidate under the fact-based investment system's guidelines.
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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$41.03	+1.23 3.08%	$41.26	$40.21	2.03%	1,865,239 61.36%	3,040,000
Most Recent Note for EQNR - 8/23/2022 12:26:24 PM Hitting another new 52-week high with today's 6th consecutive gain. Found support at its 200 DMA line and made gradual progress since noted in the 7/19/22 mid-day report. Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings history has been erratic.
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EVOP - NASDAQ - Finance-CrdtCard/PmtPr Evo Payments Inc	$33.43	+0.00 0.00%	$33.48	$33.86	-1.27%	1,182,154 133.13%	888,000
Most Recent Note for EVOP - 8/23/2022 12:26:48 PM Gapped up on 8/01/22 for a new all-time high on M&A news with Global Payments Inc (GPN). Reported Jun '22 quarterly earnings +43% on +13% sales revenues versus the year ago period, its 5th strong quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20. Completed its $16 IPO on 5/23/18 and additional Public Offerings on 9/20/18 and 4/03/19.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$34.80	-0.50 -1.42%	$35.42	$36.32	-4.19%	351,329 67.56%	520,000
Most Recent Note for FLNG - 8/23/2022 12:28:48 PM Recently hovering near its 52-week high. Found support above its 200 DMA line during prior consolidations. Due to report Jun '22 quarterly results. Noted with caution in prior mid-day reports - "Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period. Recent quarterly comparisons had shown strong sales and earnings increases versus the year ago periods. The big downturn in FY '20 annual earnings (A criteria) is a fundamental flaw with respect to the strict guidelines of the fact-based investment system."
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GLOP - NYSE - Oil&Gas-Transprt/Pipelne GasLog Partners LP	$6.52	+0.40 6.54%	$6.60	$7.23	-9.82%	283,409 84.85%	334,000
Most Recent Note for GLOP - 8/23/2022 12:33:03 PM Gapped up today rebounding toward its June high. Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain.
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GO - NASDAQ - Retail-Discount&Variety Grocery Outlet Hdg Corp	$39.93	-1.81 -4.34%	$40.66	$46.37	-13.89%	1,289,670 102.93%	1,253,000
Most Recent Note for GO - 8/23/2022 12:36:15 PM Gapped down today following an analyst downgrade. Met resistance since violating its 50 DMA line when volume-driven losses were last noted in the 8/12/22 mid-day report - "Rebounded near multi-year highs after a deep slump over the past year. Reported Jun '22 quarterly earnings +26% on +16% sales revenues. Earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system."
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HSY - NYSE - FOOD & BEVERAGE - Confectioners Hershey Company	$232.15	+0.73 0.32%	$232.45	$234.28	-0.91%	611,680 63.65%	961,000
Most Recent Note for HSY - 8/23/2022 12:38:27 PM Perched near its all-time high after recently wedging higher with gains lacking great volume conviction. Found support while recently consolidating above its 50 DMA line. Fundamental concerns remain. Reported earnings +22% on +19% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly comparisons showed sub par sales and earnings increases below the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been slow and steady.
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IMKTA - NASDAQ - RETAIL - Grocery Stores Ingles Markets Inc Cl A	$100.26	+0.83 0.83%	$102.88	$101.98	-1.69%	211,467 211.47%	100,000
Most Recent Note for IMKTA - 8/23/2022 12:44:39 PM Hit a new all-time high with today's early gain, but fundamental concerns remain. Formed a handle with lighter volume behind losses following its 15-week cup-shaped base since last noted in the 8/04/22 mid-day report - "Found support above its 200 DMA line during the consolidation since dropped from the Featured Stocks list on 5/20/22. Reported Jun '22 quarterly earnings -6% on +14% sales revenues versus the year ago period, breaking a streak of 3 quarterly comparisons above the +25% minimum earnings guideline (C criteria)."
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$7.86	+0.05 0.64%	$8.04	$8.57	-8.28%	57,241 121.79%	47,000
Most Recent Note for LYTS - 8/23/2022 12:45:10 PM Today's volume-driven gain adds to a recent spurt higher. Faces resistance due to overhead supply up to the $11 level. Recent quarterly comparisons through Jun '22 versus the year ago period showed strong sales revenues and earnings increases versus the year ago periods. Annual earnings history has been strong after a downturn in FY '19.
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MSB - NYSE - FINANCIAL SERVICES - Diversified Investments Mesabi Trust	$29.75	+1.09 3.79%	$29.95	$33.78	-11.94%	58,081 92.19%	63,000
Most Recent Note for MSB - 8/23/2022 12:46:11 PM Faces resistance due to overhead supply up to the $35 level. Consolidating above its 50 and 200 DMA lines and perched near multi-month highs. Through the Apr '22 quarter its earnings and sales revenues comparisons were strong versus the year ago periods. Up and down annual earnings (A criteria) history is not a match with the fundamental guidelines of the fact-based investment system.
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$12.49	+0.34 2.80%	$12.63	$14.21	-12.10%	55,873 63.49%	88,000
Most Recent Note for MVO - 8/23/2022 12:49:21 PM Rebounding toward its all-time high. Found support near its 200 DMA line during its consolidation. Recent quarterly comparisons through Jun '22 showed sales revenues and earnings greatly improving over the year ago periods. Erratic annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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NDSN - NASDAQ - Machinery-Gen Industrial Nordson Corp	$238.12	+4.84 2.07%	$239.07	$272.28	-12.55%	159,414 74.49%	214,000
Most Recent Note for NDSN - 8/23/2022 12:50:53 PM Recently rebounding after a deep consolidation since noted on 12/16/21 retreating from its all-time high. Reported Jul '22 quarterly earnings +3% on +2% sales revenues versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria). Up and down annual earnings (A criteria) history leaves fundamental concerns with regard to the guidelines of the fact-based investment system.
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PANW - NYSE - Computer Sftwr-Security Palo Alto Networks	$564.03	+55.98 11.02%	$569.91	$640.90	-11.99%	3,472,237 259.90%	1,336,000
Most Recent Note for PANW - 8/23/2022 12:53:30 PM Gapped up today rebounding above its 200 DMA line toward its all-time high with a considerable volume-driven gain. Faces resistance due to overhead supply up to the $640 level. Reported Jul '22 quarterly earnings +49% on +27% sales revenues versus the year ago period, its 2nd quarterly comparison back above the +25% minimum earnings guideline (C criteria).
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RTLR - NASDAQ - Oil&Gas-Transprt/Pipelne Rattler Midstream LP	$15.60	+0.81 5.48%	$15.71	$18.22	-14.38%	443,978 88.97%	499,000
Most Recent Note for RTLR - 8/23/2022 12:55:53 PM Gapped up today. Undercut its 200 DMA line during the consolidation since last noted with caution in the 5/25/22 mid-day report after M&A news with Diamondback Energy Inc (FANG) - "Erratic earnings history for this Oil & Gas LP firm is not a match with the fundamental guidelines of the fact-based investment system."
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$55.00	+2.15 4.06%	$55.12	$61.68	-10.84%	3,443,894 67.03%	5,138,000
Most Recent Note for SHEL - 8/23/2022 12:56:49 PM Rebounding further above its 50 and 200 DMA lines with today's gap up following recently noted 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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