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 MIDDAY BREAKOUTS REPORT - WEDNESDAY, AUGUST 31ST, 2022
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DOW 31770.94 -19.93 (-0.06%) | NASDAQ 11910.92 27.78 (0.23%) | S&P 500 3992.13 5.97 (0.15%)
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Time of Screening :
8/31/2022 12:18:05 PM Report Released :
8/31/2022 12:56:56 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 |
CI
- NYSE
Cigna Corp
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$286.23
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+1.16
0.41%
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$286.71
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1,294,021
66.98% of 50 DAV
50 DAV is 1,932,000
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$293.96
-2.63%
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7/7/2022 |
$276.55
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PP = $273.68
MB = $287.36 |
Most Recent Note - 8/31/2022 12:25:54 PM
Y - Quietly consolidating back below its "max buy" level with below average volume. Volume totals have been cooling while still hovering near its all-time high. Reported earnings for the Jun '22 quarter rose +19% on +5% sales revenues versus the year ago period, breaking a streak of 3 quarterly earnings increases above the +25% minimum guideline (C criteria), raising fundamental concerns. Near-term support to watch is at its 50 DMA line ($277).
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2022. Click here.
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SEC |
News |
Chart | C
A N
S L
I M
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CSL
- NYSE
Carlisle Cos Inc
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$296.74
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+1.33
0.45%
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$298.83
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263,570
64.13% of 50 DAV
50 DAV is 411,000
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$318.71
-6.89%
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7/28/2022 |
$282.31
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PP = $275.23
MB = $288.99 |
Most Recent Note - 8/31/2022 12:30:38 PM
G - Holding its ground today following 3 consecutive losses. It remains extended from the previously noted base. Its 50 DMA line ($277.67) and prior highs in the $275 area define important near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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IMXI
- NASDAQ
International Money Express
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$22.82
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-0.36
-1.55%
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$23.27
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278,886
53.94% of 50 DAV
50 DAV is 517,000
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$26.23
-13.00%
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7/1/2022 |
$21.27
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PP = $21.38
MB = $22.45 |
Most Recent Note - 8/31/2022 12:40:34 PM
G - Violating its 50 DMA line ($23.19) with today's 4th consecutive loss raising concerns, technically. Testing prior highs in the $22 area. Recently reported Jun '22 quarterly earnings +21% on +17% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
A N
S L
I M
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SNPS
- NASDAQ
Synopsys Inc
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$347.35
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+1.35
0.39%
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$353.30
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528,438
56.04% of 50 DAV
50 DAV is 943,000
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$391.17
-11.20%
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8/17/2022 |
$381.37
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PP = $377.70
MB = $396.59 |
Most Recent Note - 8/31/2022 12:50:29 PM
G - Holding its ground today after testing its 50 DMA line ($342) with a spurt of losses. More damaging losses would raise greater concerns. Encountered distributional pressure while retreating from its all-time high in recent weeks. 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. Renewed strength and subsequent gains above the pivot point backed by at least +40% above average volume are needed to clinch a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2022. Click here.
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Company Profile |
SEC |
News |
Chart | C
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 |
ACA
- NYSE - Energy-Alternative/Other
Arcosa Inc.
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$59.18 |
-0.52
-0.87%
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$60.00
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$65.80
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-10.06% |
108,941
64.08%
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170,000
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Most Recent Note for ACA - 8/31/2022 12:20:40 PM
Reported Jun '22 quarterly earnings +38% on +17% sales revenues versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fundamental guidelines of the fact-based investment system.
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SEC |
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A N
S L
I M
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AMAL
- NASDAQ - Banks-Northeast
Amalgamated bank
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$22.55 |
-0.02
-0.09%
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$22.82
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$25.03
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-9.91% |
71,782
59.32%
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121,000
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Most Recent Note for AMAL - 8/31/2022 12:22:32 PM
Pulling back gradually from its 52-week high and churning heavy volume with recently noted losses, 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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SEC |
News |
Chart | C
A N
S L
I M
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AZN
- NYSE - DRUGS - Drug Manufacturers - Major
Astrazeneca Plc Ads
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$62.62 |
-0.76
-1.20%
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$63.31
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$71.70
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-12.66% |
8,019,087
137.86%
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5,817,000
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Most Recent Note for AZN - 8/31/2022 12:24:32 PM
Slumping well below its 50 DMA line ($66) and testing its 200 DMA line ($62.47) with today's 4th consecutive loss and 2nd with heavy volume. The 8/12/22 mid-day report cautioned members - "Resistance remains due to overhead supply up to the $71 level. Reported Jun '21 quarterly earnings +110% on +31% 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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A N
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I M
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CRT
- NYSE - Oil&Gas-Royalty Trust
Cross Timber Royalty Tr
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$22.12 |
+2.42
12.28%
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$22.63
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$25.33
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-12.67% |
92,455
130.22%
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71,000
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Most Recent Note for CRT - 8/31/2022 12:28:35 PM
Rebounding quickly today after an abrupt retreated from its 52-week high on the prior session. This thinly traded Oil & Gas royalty firm found support near its 50 DMA line in recent weeks then rallied to new highs with an impressive spurt of gains marked by volume. 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. Erratic annual earnings history (A criteria) leaves fundamental concerns.
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A N
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I M
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DBI
- NYSE - Retail-Apparel/Shoes/Acc
Designer Brands Inc
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$16.84 |
+0.34
2.06%
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$17.31
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$19.38
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-13.11% |
670,280
57.83%
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1,159,000
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Most Recent Note for DBI - 8/31/2022 12:35:42 PM
Consolidating for the past 2 weeks after nearly challenging its May '21 high. Reported Jul '22 quarterly earnings +11% on +5% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has not been strong and steady and included a big loss for FY '21.
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A N
S L
I M
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EQNR
- NYSE - Oil&Gas-Integrated
Equinor ASA Adr
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$39.14 |
-0.23
-0.58%
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$39.15
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$42.53
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-7.97% |
2,062,018
74.01%
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2,786,000
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Most Recent Note for EQNR - 8/31/2022 12:36:51 PM
Pulling back from its 52-week high with today's 5th consecutive loss. 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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News |
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A N
S L
I M
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FLNG
- NYSE - Oil&Gas-Transprt/Pipelne
Flex Lng Ltd
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$33.79 |
-0.24
-0.70%
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$33.83
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$36.99
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-8.65% |
291,219
55.05%
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529,000
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Most Recent Note for FLNG - 8/31/2022 12:38:28 PM
Perched near its 52-week high, holding its ground in recent weeks. Found support above its 200 DMA line during prior consolidations. Reported Jun '22 quarterly earnings +246% on +28% sales revenues versus the year ago period. Reported Mar '22 quarterly earnings +19% on -8% sales revenues versus the year ago period, while prior quarterly comparisons had shown stronger sales and earnings increases. 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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I M
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PAC
- NYSE - TRANSPORTATION - Air Services, Other
Grupo Aero Del Pac Ads
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$143.37 |
-0.35
-0.24%
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$148.41
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$167.24
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-14.27% |
29,225
64.94%
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45,000
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Most Recent Note for PAC - 8/31/2022 12:43:40 PM
Consolidating right above its 50 and 200 DMA lines. Reported earnings +75% on +34% sales revenues for the Jun '22 quarter versus the year ago period, its 5th strong quarterly comparison. Downturn in FY '20 earnings (A criteria) leaves cause for concern for this Mexican operator of airports.
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I M
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PRVA
- NASDAQ - Computer Sftwr-Medical
Privia Health Group Inc
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$39.48 |
+1.49
3.92%
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$39.99
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$44.64
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-11.56% |
559,872
54.46%
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1,028,000
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Most Recent Note for PRVA - 8/31/2022 12:44:45 PM
Halting its slide today following 4 consecutive losses. Prior mid-day reports noted - "Still faces some resistance due to overhead supply up to the $50 level. Three of the past 4 quarterly earnings comparisons through Jun '22 were above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history is limited since public trading began in Apr '21."
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SHEL
- NYSE - Oil&Gas-Integrated
Shell Plc Ads
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$53.61 |
-0.79
-1.45%
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$53.61
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$61.68
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-13.08% |
3,495,835
72.06%
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4,851,000
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Most Recent Note for SHEL - 8/31/2022 12:45:53 PM
Consolidating above its 50 and 200 DMA lines. 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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I M
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SJI
- NYSE - UTILITIES - Gas Utilities
South Jersey Industries
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$33.90 |
-0.08
-0.24%
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$33.99
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$35.32
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-4.02% |
571,816
75.04%
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762,000
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Most Recent Note for SJI - 8/31/2022 12:47:18 PM
Holding its ground near its 52-week high since 2/24/22 M&A news. The Jun '22 quarter showed better sales revenues and earnings increases, but this gas utility firm's prior earnings history (C and A criteria) has been below guidelines.
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SMCI
- NASDAQ - COMPUTER HARDWARE - Networking &; Communication Dev
Super Micro Computer Inc
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$65.47 |
+0.87
1.35%
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$66.14
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$74.93
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-12.63% |
331,759
54.21%
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612,000
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Most Recent Note for SMCI - 8/31/2022 12:48:40 PM
Pulled back from its all-time high with 3 consecutive volume-driven losses. It is extended from any sound base. 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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ULTA
- NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other
Ulta Salon Cosm & Frag
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$423.84 |
+7.05
1.69%
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$425.33
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$438.63
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-3.37% |
452,736
54.94%
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824,000
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Most Recent Note for ULTA - 8/31/2022 12:51:07 PM
Reported Jul '22 quarterly earnings +26% on +17% sales revenues versus the year ago period. Hovering near its all-time high. In recent months a choppy consolidation led to trading back and forth above and below both its 50 and 200 DMA lines. Reported very strong Apr, Jul, Oct '21, Jan and Apr '22 quarterly sales revenues and earnings increases in comparisons versus the year ago periods. Big downturn for FY '21 earnings (A criteria) was noted as a flaw concerning the strict fundamental 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,
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are the property of their respective owners, and are
likewise used for identification purposes only.
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