Mid-Day Breakouts Report - Wednesday, August 24th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 24TH, 2022
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DOW 33094.39 184.8 (0.56%) | NASDAQ 12490.77 109.46 (0.88%) | S&P 500 4152.49 23.76 (0.58%)

Time of Screening : 8/24/2022 12:11:13 PM Report Released : 8/24/2022 1:05:17 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...

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
CLH - NYSE Clean Harbors Inc	$120.71	+3.39 2.89%	$120.93	161,971 50.93% of 50 DAV 50 DAV is 318,000	$118.92 1.51%	8/10/2022	$111.78	PP = $115.10 MB = $120.86
Most Recent Note - 8/24/2022 12:23:36 PM G - Hitting a new all-time high with today's gain, rising above its "max buy" level and its color code is changed to green. Posted a solid gain on the prior session backed by +20% above average volume. Previously noted gain and strong close above the pivot point backed by +116% above average volume on 8/12/22 triggered a technical buy signal. No resistance remains due to overhead supply. Fundamentals remain strong. Prior high in the $115 area defines important near-term support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2022. 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	$72.80	+0.58 0.80%	$73.69	$83.74	-13.06%	212,125 50.39%	421,000
Most Recent Note for ACLS - 8/24/2022 12:12:50 PM Encountered distributional pressure in recent weeks after 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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AZO - NYSE - RETAIL - Auto Parts Stores Autozone Inc	$2,220.65	-70.84 -3.09%	$2,246.28	$2,362.24	-5.99%	89,593 56.35%	159,000
Most Recent Note for AZO - 8/24/2022 12:16:44 PM Gapped down today testing prior highs in the $2250 area. Wedged into new high territory with gains in recent weeks lacking great volume conviction. Reported earnings +9% on +6% sales revenues for the quarter ended May 31, 2022 versus the year ago period. The 2 prior quarterly comparisons were above the minimum +25% guideline (C criteria). It has a strong and steady annual earnings (A criteria) growth history. Already owned by 2,268 top-rated mutual funds.
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CAPL - NYSE - Oil&Gas-Refining/Mktg CrossAmerica Partners LP	$21.55	+0.47 2.23%	$21.74	$23.29	-7.47%	21,301 51.95%	41,000
Most Recent Note for CAPL - 8/24/2022 12:17:07 PM Consolidating above its closely coinciding 50 and 200 DMA lines. Reported strong sales revenues and earnings increases in the 3 latest quarterly comparisons through Jun '22. Prior mid-day reports cautioned members - "Fundamental concerns remain."
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CF - NYSE - CHEMICALS - Agricultural Chemicals C F Industries Holdings	$110.75	+1.70 1.56%	$111.73	$113.49	-2.41%	1,495,089 51.77%	2,888,000
Most Recent Note for CF - 8/24/2022 12:19:38 PM Challenging multi-year highs with today's 4th consecutive gain. Made steady progress after finding support at its 200 DMA line in recent weeks. Reported Jun '22 quarterly earnings +440% on +113% sales revenues versus the year ago period, its 6th strong quarterly comparison. Up and down annual earnings growth history (A criteria) has been noted as a concern, fundamentally.
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CPRX - NASDAQ - Medical-Biomed/Biotech Catalyst Pharma Partners	$13.72	-1.19 -7.98%	$14.60	$15.07	-8.96%	2,567,626 124.52%	2,062,000
Most Recent Note for CPRX - 8/24/2022 12:25:35 PM Pulling back from its all-time high with today's loss after getting very extended from any sound base. 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	$20.83	-1.12 -5.10%	$22.47	$21.95	-5.10%	38,487 57.44%	67,000
Most Recent Note for CRT - 8/24/2022 12:28:08 PM There was a "negative reversal" after early gains following a 5-session rally to a new 52-week high. This thinly traded Oil & Gas royalty firm found support near its 50 DMA line in recent weeks. 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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DGII - NASDAQ - COMPUTER HARDWARE - Networking & Communication Dev Digi International Inc	$34.76	+0.80 2.34%	$34.83	$36.23	-4.07%	159,556 60.90%	262,000
Most Recent Note for DGII - 8/24/2022 12:29:27 PM Hovering in a tight range near its 52-week high. Held its ground stubbornly after recent volume-driven gains and prior mid-day reports noted - "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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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$41.60	+0.68 1.66%	$41.90	$41.26	0.82%	1,611,894 52.42%	3,075,000
Most Recent Note for EQNR - 8/24/2022 12:30:00 PM Hitting another new 52-week high with today's 7th 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 (A criteria) history has been erratic.
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FLNG - NYSE - Oil&Gas-Transprt/Pipelne Flex Lng Ltd	$35.60	+1.94 5.76%	$36.99	$36.32	-1.98%	785,166 149.84%	524,000
Most Recent Note for FLNG - 8/24/2022 12:31:38 PM Hitting another new high today after hovering near its 52-week high, stubbornly holding its ground. Found support above its 200 DMA line during prior consolidations. Due to report Jun '22 quarterly results. Volume and volatility often increase near earnings news. 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	$6.74	+0.13 1.97%	$6.99	$7.23	-6.78%	445,358 134.55%	331,000
Most Recent Note for GLOP - 8/24/2022 12:33:01 PM On track today for a 3rd consecutive gain backed by ever-increasing volume, rebounding near its June high. Annual earnings history (A criteria) has not been strong and steady and fundamental concerns remain.
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HUBB - NYSE - Electrical-Power/Equipmt Hubbell Inc	$216.85	-1.73 -0.79%	$219.38	$225.60	-3.88%	240,321 87.07%	276,000
Most Recent Note for HUBB - 8/24/2022 12:36:24 PM Encountering some distributional pressure this week after recently wedging to new all-time highs. Reported strong Mar and Jun '22 quarterly earnings increases above the +25% minimum. Prior earnings history is below the fact-based system's guidelines (C and A criteria).
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HWKN - NASDAQ - CHEMICALS - Basic Chemicals Hawkins Inc	$43.68	-0.77 -1.73%	$44.50	$48.12	-9.23%	31,427 62.85%	50,000
Most Recent Note for HWKN - 8/24/2022 12:37:37 PM In recent weeks it has rebounded toward its all-time high with most gains lacking volume conviction. The Mar and Jun '22 quarterly earnings comparisons versus the year ago periods were below the +25% minimum guideline (C criteria). Went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 4/08/22.
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IMKTA - NASDAQ - RETAIL - Grocery Stores Ingles Markets Inc Cl A	$98.94	-1.62 -1.61%	$100.48	$102.88	-3.83%	56,128 53.97%	104,000
Most Recent Note for IMKTA - 8/24/2022 12:40:37 PM Pulling back today after hitting a new all-time high on the prior session but churning heavy volume and finishing in the lower half of its intra-day range. Fundamental concerns remain. Formed a handle with lighter volume behind losses following its 15-week cup-shaped base since 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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MTDR - NYSE - Oil&Gas-U S Expl&Prod Matador Resources Co	$61.31	-0.11 -0.18%	$62.88	$67.78	-9.55%	742,695 52.05%	1,427,000
Most Recent Note for MTDR - 8/24/2022 12:43:15 PM Reported Jun '22 quarterly earnings +240% on +164% sales revenues versus the year ago period, continuing its streak of very strong quarterly results versus the year ago periods. Fundamental concerns remain due to its erratic annual earnings history (A criteria).
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SAH - NYSE - SPECIALTY RETAIL - Auto Dealerships Sonic Automotive Cl A	$54.62	+0.22 0.40%	$55.26	$58.00	-5.83%	432,722 103.03%	420,000
Most Recent Note for SAH - 8/24/2022 12:45:06 PM Holding its ground near its all-time high following 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	$54.03	-1.03 -1.86%	$54.58	$61.68	-12.41%	4,264,975 83.37%	5,116,000
Most Recent Note for SHEL - 8/24/2022 12:46:49 PM Consolidating after rebounding further above its 50 and 200 DMA lines with recently noted gains. Prior mid-day reports cautioned members - "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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SLGN - NASDAQ - Containers/Packaging Silgan Holdings Inc	$47.04	+0.50 1.07%	$47.05	$47.47	-0.91%	282,950 55.26%	512,000
Most Recent Note for SLGN - 8/24/2022 12:51:02 PM Since last noted with caution in the 5/25/22 mid-day report it slumped well below its 200 DMA line then rebounded impressively to hit a new all-time high last week. Reported earnings +27% on +14% sales revenues for the Jun '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 history (A criteria) has been strong and steady.
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SMCI - NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev Super Micro Computer Inc	$71.85	+4.18 6.18%	$71.85	$72.57	-0.99%	446,936 76.93%	581,000
Most Recent Note for SMCI - 8/24/2022 12:52:37 PM Today's gain comes after hovering near its all-time high following recently noted volume-driven gains. Prior mid-day reports noted - "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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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$102.43	+3.31 3.34%	$102.77	$115.76	-11.52%	959,722 61.21%	1,568,000
Most Recent Note for SQM - 8/24/2022 1:01:29 PM The Chile-based firm found support near its 50 DMA line after challenging its all-time high. Reported Jun '22 quarterly earnings +871% on +342% sales revenues versus the year ago period. 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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TTE - NYSE - Oil&Gas-Integrated Totalenergies S E Adr	$53.27	-1.47 -2.68%	$53.92	$61.15	-12.89%	1,533,582 88.04%	1,742,000
Most Recent Note for TTE - 8/24/2022 1:05:08 PM Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Noted with caution in prior mid-day reports - "Up and down annual earnings (A criteria) history leaves fundamental concerns."
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