Mid-Day Breakouts Report - Tuesday, September 6th, 2022

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MIDDAY BREAKOUTS REPORT - TUESDAY, SEPTEMBER 6TH, 2022
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DOW 31209 -109.44 (-0.35%) | NASDAQ 11603.95 -26.91 (-0.23%) | S&P 500 3922.68 -1.58 (-0.04%)

Time of Screening : 9/6/2022 12:35:18 PM Report Released : 9/6/2022 1:05:36 PM
Price is: Above 52W High and Less Than 52W High but within 15% of the 52 Week High
Volume Is: At least 65% 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
AN - NYSE Autonation Inc	$118.80	-3.74 -3.05%	$122.33	482,150 72.39% of 50 DAV 50 DAV is 666,000	$135.57 -12.37%	7/20/2022	$122.03	PP = $126.49 MB = $132.81
Most Recent Note - 9/6/2022 12:42:16 PM G - Slumping further below prior highs in the $126 area and its color code is changed to green after violating its 50 DMA line ($119.85) with today's 5th consecutive loss triggering a technical sell signal. Reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period. >>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
ACT - NASDAQ - Finance-Mrtg&Rel Svc Enact Holdings Inc	$24.77	-0.07 -0.26%	$25.46	$27.68	-10.53%	140,617 68.26%	206,000
Most Recent Note for ACT - 9/6/2022 12:37:26 PM Consolidating back below the June high and slumping toward its 50 DMA line ($23.97). Quarterly comparisons through Jun '22 show waning sales revenues, not growth.
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ADP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Automatic Data Processng	$238.58	+0.10 0.04%	$240.43	$261.59	-8.80%	1,018,203 69.74%	1,460,000
Most Recent Note for ADP - 9/6/2022 12:39:04 PM Consolidating near prior highs in the $240 area and just above its 50 DMA line ($235). Reported earnings +25% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria).
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BFA - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Brown Forman Corp Cla	$70.37	+0.32 0.46%	$70.95	$76.60	-8.13%	42,825 97.33%	44,000
Most Recent Note for BFA - 9/6/2022 12:44:03 PM Consolidating below its 50 DMA line following volume-driven losses last week. Reported Jul '22 quarterly earnings +30% on +11% sales revenues versus the year ago period. Fundamental concerns remain as prior quarterly and annual earnings (C and A criteria) are not a match with the fact-based investment system's guidelines.
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CHRW - NASDAQ - TRANSPORTATION - Air Delivery & Freight Service C H Robinson Worldwide	$113.45	-1.92 -1.66%	$114.98	$121.23	-6.42%	825,430 71.22%	1,159,000
Most Recent Note for CHRW - 9/6/2022 12:47:55 PM Stalled after wedging to new highs with gains in recent weeks lacking great volume conviction. Rebounded above its 50 and 200 DMA lines when last noted in the 7/28/22 mid-day report - "Reported earnings +85% on +23% sales revenues for the Jun '22 quarter versus the year ago period, its 7th strong comparison versus the year ago period. Annual earnings history had a downturn in FY '20, not a match with the strict fact-based investment system's fundamental guidelines (A criteria). Long ago featured in the 10/12/05 mid-day report and traded up as much as +72.44% before it was removed from the Featured Stocks list on 10/06/06."
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EQNR - NYSE - Oil&Gas-Integrated Equinor ASA Adr	$37.78	-1.11 -2.85%	$38.25	$42.53	-11.17%	2,296,798 79.50%	2,889,000
Most Recent Note for EQNR - 9/6/2022 12:49:20 PM Pulling back from its all-time high with today's 7th loss in the span of 8 sessions. 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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EQT - NYSE - UTILITIES - Gas Utilities E Q T Corp	$46.85	-0.43 -0.91%	$47.00	$51.73	-9.43%	4,720,730 67.91%	6,951,000
Most Recent Note for EQT - 9/6/2022 12:52:27 PM Consolidating after recently wedging to a new 52-week high. Erratic quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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GLNG - NASDAQ - ENERGY - Oil & Gas Pipelines Golar Lng Ltd	$27.87	+0.76 2.80%	$28.15	$30.66	-9.10%	977,843 76.22%	1,283,000
Most Recent Note for GLNG - 9/6/2022 12:53:23 PM Pulled back last week after rallying to multi-year highs. The 8/29/22 mid-day report noted - "Prior quarterly and annual earnings (C and A criteria) and sales revenues growth history is below the guidelines."
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$7.60	-0.24 -3.06%	$7.85	$8.82	-13.83%	43,998 78.57%	56,000
Most Recent Note for LYTS - 9/6/2022 12:54:13 PM Abruptly retreated last week following a noted spurt of volume-driven gains. Prior mid-day reports noted - "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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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$16.18	+0.04 0.25%	$16.43	$17.50	-7.54%	373,559 84.71%	441,000
Most Recent Note for MERC - 9/6/2022 12:55:04 PM It remains perched within striking distance of its 52-week high. The 9/02/22 mid-day report noted - "Through the Jun '22 quarter its sales revenues and earnings increases have been very strong versus the year ago periods. Fundamental concerns remain, especially after losses in FY '19 and '20 (A criteria)."
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MGPI - NASDAQ - FOOD & BEVERAGE - Processed & Packaged Goods M G P Ingredients Inc	$112.33	+6.76 6.40%	$114.73	$116.20	-3.33%	133,718 99.05%	135,000
Most Recent Note for MGPI - 9/6/2022 12:57:42 PM Rallying near its all-time high with today's big gain after testing its 50 DMA line ($106.19) which defines near-term support. Last noted with caution in the 8/04/22 mid-day report - "Reported earnings -9% on +11% sales revenues for the Jun '22 quarter versus the year ago period. Two of the past 3 quarterly comparisons were below the +25% minimum guideline (C criteria). Downturn in FY '18 annual earnings history (A criteria) has been followed by increases."
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NEE - NYSE - UTILITIES - Electric Utilities Nextera Energy Inc	$87.82	+2.71 3.18%	$88.27	$93.73	-6.31%	5,662,132 81.03%	6,988,000
Most Recent Note for NEE - 9/6/2022 12:59:59 PM Gapped up today. Wedged higher with gains lacking volume conviction then consolidated since the big volume-driven gain when last noted with caution in the 7/28/22 mid-day report - "This Utility - Electric firm is not a match with the fact-based investment system's fundamental guidelines (C criteria)."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$7.51	+0.13 1.76%	$7.67	$8.30	-9.52%	98,715 235.04%	42,000
Most Recent Note for QRHC - 9/6/2022 1:01:42 PM Perched within striking distance of its 52-week high. The 9/02/22 mid-day report noted - "Reported strong Jun '22 quarterly results versus the year ago period. Prior earnings history is not a match with the fact-based investment system's fundamental guidelines (C criteria)."
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$52.98	-0.25 -0.47%	$53.59	$61.68	-14.11%	3,412,055 70.13%	4,865,000
Most Recent Note for SHEL - 9/6/2022 1:02:21 PM Consolidating just above its 50 and 200 DMA lines following recent volume-driven losses. 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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SQM - NYSE - CHEMICALS - Synthetics Sociedad Quimica Y Minra	$105.00	+3.71 3.66%	$109.00	$115.76	-9.30%	1,364,732 84.24%	1,620,000
Most Recent Note for SQM - 9/6/2022 1:05:26 PM Chile-based Chemicals - Agricultural firm gapped up today. Found prompt support recently near its 50 DMA line ($94.47) and remains perched within striking distance of its all-time high. Reported Jun '22 quarterly earnings +871% on +342% sales revenues versus the year ago period. Prior quarterly comparisons have been very strong. Annual earnings history (A criteria) has been erratic in recent years, below the guidelines of the fact-based investment system.
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