Mid-Day Breakouts Report - Wednesday, September 7th, 2022

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MIDDAY BREAKOUTS REPORT - WEDNESDAY, SEPTEMBER 7TH, 2022
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DOW 31394.85 249.55 (0.80%) | NASDAQ 11659.18 114.27 (0.99%) | S&P 500 3942.87 34.68 (0.89%)

Time of Screening : 9/7/2022 12:08:24 PM Report Released : 9/7/2022 12:42:03 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
ENPH - NASDAQ Enphase Energy Inc	$307.24	+14.42 4.92%	$311.73	3,380,174 101.32% of 50 DAV 50 DAV is 3,336,000	$308.88 -0.53%	7/28/2022	$276.66	PP = $282.55 MB = $296.68
Most Recent Note - 9/7/2022 12:20:05 PM G - Posting a 2nd consecutive solid gain today with above average volume, rallying above its "max buy" level and its color code is changed to green. Volume totals cooled while hovering near its all-time high in recent weeks. The prior high in the $282 area has been noted as initial support to watch above its 50 DMA line ($254.79). Fundamentals remain strong. >>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2022. Click here.
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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$22.27	+0.25 1.14%	$22.28	$25.03	-11.03%	82,211 65.25%	126,000
Most Recent Note for AMAL - 9/7/2022 12:09:54 PM Testing its 50 DMA line ($22.09) with recent losses. Pulled back gradually from its 52-week high and churned 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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ASO - NASDAQ - Retail-Leisure Products Academy Sports & Outdoor	$47.89	+5.96 14.20%	$48.44	$51.08	-6.25%	3,263,977 213.33%	1,530,000
Most Recent Note for ASO - 9/7/2022 12:13:25 PM Gapped up today, finding support near its 50 DMA line ($42.36) after a volume-driven loss. Reported Jul and Apr '22 quarterly earnings lower than the year ago periods. Priced a Secondary Offering at a new all-time high on 9/15/21 and an earlier Secondary Offering on 1/29/21. Limited history is a concern since its $13 IPO on 10/02/20.
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BFA - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Brown Forman Corp Cla	$70.89	+1.09 1.56%	$70.95	$76.60	-7.45%	18,694 50.52%	37,000
Most Recent Note for BFA - 9/7/2022 12:14:20 PM Still consolidating below its 50 DMA line ($71.50) following volume-driven losses. 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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CALM - NASDAQ - FOOD & BEVERAGE - Farm Products Cal-Maine Foods Inc	$54.03	+1.27 2.41%	$54.50	$59.95	-9.87%	402,447 56.44%	713,000
Most Recent Note for CALM - 9/7/2022 12:15:39 PM Finding support recently near its 50 DMA line ($53.00). Faces some resistance due to overhead supply up to the $59 level. Reported strong Feb and May '22 quarterly results versus the year ago periods. Fundamental concerns remain due to erratic quarterly earnings and its up and down annual earnings (A criteria) history, not a match with the fact-based investment system's guidelines.
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CLR - NYSE - ENERGY - Oil &; Gas Drilling &; Explorati Continental Res Inc	$68.33	-0.36 -0.52%	$69.00	$75.49	-9.48%	964,632 84.54%	1,141,000
Most Recent Note for CLR - 9/7/2022 12:17:45 PM Consolidating near its 50 DMA line and still within striking distance of its 52-week high following 6/14/22 M&A news. Reported earnings +281% on +115% sales revenues for the Jun '22 quarter versus the year ago period. Prior earnings history has been erratic and not a match with the investment system's guidelines."
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EQT - NYSE - UTILITIES - Gas Utilities E Q T Corp	$45.85	+0.42 0.92%	$46.79	$51.73	-11.37%	4,031,761 58.20%	6,928,000
Most Recent Note for EQT - 9/7/2022 12:21:38 PM Recently encountering distributional pressure after 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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EXC - NYSE - UTILITIES - Diversified Utilities Exelon Corp	$45.16	+1.27 2.88%	$45.49	$50.71	-10.95%	3,041,637 51.17%	5,944,000
Most Recent Note for EXC - 9/7/2022 12:24:04 PM Completed a new Public Offering on 8/08/22. Consolidating above important near-term support at its 200 DMA line ($43.82). Prior mid-day reports noted - "Reported Jun '22 quarterly earnings +22% on +5% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria)."
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GLNG - NASDAQ - ENERGY - Oil & Gas Pipelines Golar Lng Ltd	$27.24	-0.48 -1.71%	$27.60	$30.66	-11.17%	639,490 50.23%	1,273,000
Most Recent Note for GLNG - 9/7/2022 12:25:00 PM Consolidating after recently rallying to multi-year highs. Prior mid-day reports noted - "Prior quarterly and annual earnings (C and A criteria) and sales revenues growth history is below the guidelines."
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LMT - NYSE - AEROSPACE/DEFENSE - Aerospace/Defense - Major Lockheed Martin Corp	$417.84	+0.06 0.01%	$419.07	$479.99	-12.95%	598,518 53.58%	1,117,000
Most Recent Note for LMT - 9/7/2022 12:26:13 PM Slumped below its 50 DMA line and now consolidating above its 200 DMA line ($410). Prior mid-day reports cautioned members - "Reported earnings -2% on -9% 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)."
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MERC - NASDAQ - MANUFACTURING - Paper & Packaging Mercer International Inc	$16.13	-0.21 -1.29%	$16.34	$17.50	-7.83%	319,421 70.20%	455,000
Most Recent Note for MERC - 9/7/2022 12:29:44 PM Remains perched within striking distance of its 52-week high. Prior mid-day reports 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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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$12.34	-0.34 -2.68%	$12.70	$14.21	-13.16%	71,685 91.90%	78,000
Most Recent Note for MVO - 9/7/2022 12:31:05 PM Consolidating within striking distance of its all-time high. Found support near its 200 DMA line in recent months. 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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NWPX - NASDAQ - METALS & MINING - Steel & Iron Northwest Pipe Company	$33.01	+0.22 0.67%	$33.57	$34.94	-5.52%	27,919 93.06%	30,000
Most Recent Note for NWPX - 9/7/2022 12:32:09 PM Reported strong Mar and Jun '22 quarterly results versus the year ago periods but fundamental concerns remain. Prior quarterly and annual earnings (A criteria) history is not a match with the fact-based investment system's guidelines.
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PLMR - NASDAQ - INSURANCE - Property & Casualty Insurance Palomar Holdings Inc	$88.16	+3.15 3.71%	$89.97	$97.18	-9.28%	84,146 73.81%	114,000
Most Recent Note for PLMR - 9/7/2022 12:33:06 PM Through the Jun '22 quarter its quarterly and annual earnings (C and A criteria) history has been erratic. Noted in prior mid-day reports - "Completed its $15 IPO on 4/17/19, a Secondary Offering on 9/25/19, and new Public Offerings on 1/10/20 and 6/24/20."
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RBA - NYSE - DIVERSIFIED SERVICES - Business/Management Services Ritchie Bros Auctioneers	$69.33	+0.11 0.16%	$69.48	$76.18	-8.99%	337,379 70.29%	480,000
Most Recent Note for RBA - 9/7/2022 12:34:27 PM Consolidating near its 50 DMA line ($68.76) which defines important near-term support. Reported Jun '22 earnings +10% on +22% sales revenues versus the year ago period. Prior quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's fundamental guidelines.
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RSG - NYSE - MATERIALS & CONSTRUCTION - Waste Management Republic Services Inc	$146.45	+2.40 1.67%	$146.66	$148.26	-1.22%	519,499 55.21%	941,000
Most Recent Note for RSG - 9/7/2022 12:38:06 PM This waste collection firm is consolidating near its all-time high. Through the Jun '22 quarter it has not shown strong and steady quarterly earnings increases above the +25% minimum guideline (C criteria) and fundamental concerns remain.
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ULTA - NASDAQ - SPECIALTY RETAIL - Specialty Retail, Other Ulta Salon Cosm & Frag	$438.20	+10.38 2.43%	$438.23	$438.63	-0.10%	474,650 56.11%	846,000
Most Recent Note for ULTA - 9/7/2022 12:41:56 PM Hitting a new all-time high with today's gain adding to recent spurt. In recent months a choppy consolidation led to trading back and forth above and below both its 50 and 200 DMA lines. Through Jul '22 its quarterly sales revenues and earnings comparisons versus the year ago periods have been strong, but show sequential deceleration in its growth rate. 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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