Mid-Day Breakouts Report - Friday, September 9th, 2022

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MIDDAY BREAKOUTS REPORT - FRIDAY, SEPTEMBER 9TH, 2022
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DOW 32106.2 331.68 (1.04%) | NASDAQ 12063.73 201.6 (1.70%) | S&P 500 4054.54 48.36 (1.21%)

Time of Screening : 9/9/2022 12:13:18 PM Report Released : 9/9/2022 12:50:11 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
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
CCRN - NASDAQ Cross Country Healthcare	$27.32	+0.26 0.96%	$29.13	688,258 84.14% of 50 DAV 50 DAV is 818,000	$30.51 -10.46%	9/9/2022	$27.32	PP = $30.61 MB = $32.14
Most Recent Note - 9/9/2022 Y - Color code is changed to yellow with pivot point cited based on its 7/21/22 high plus 10 cents. Reversed into the red today after an early gain approaching its 52-week high following 4 consecutive gains. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Faces little resistance due to overhead supply. Rebounded from support near its 200 DMA line with volume-driven gains, then found support at its 50 DMA line while consolidating. Reported Jun '22 quarterly earnings +198% on +127% sales revenues versus the year ago period. Prior quarterly comparisons showed strong sales revenues and earnings increases. Annual earnings growth (A criteria) has been strong since a downturn in FY '17 and '18. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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ENPH - NASDAQ Enphase Energy Inc	$297.09	-20.33 -6.40%	$314.50	3,383,296 97.64% of 50 DAV 50 DAV is 3,465,000	$318.22 -6.64%	7/28/2022	$276.66	PP = $282.55 MB = $296.68
Most Recent Note - 9/9/2022 12:33:56 PM G - Abruptly retreating today from its all-time high after 3 consecutive gains with above average volume. The prior high in the $282 area has been noted as initial support to watch above its 50 DMA line ($259.74). 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
ADP - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Automatic Data Processng	$242.55	+0.61 0.25%	$243.24	$261.59	-7.28%	1,141,840 77.15%	1,480,000
Most Recent Note for ADP - 9/9/2022 12:14:46 PM Consolidating near prior highs in the $240 area and just above its 50 DMA line ($236.55). 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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ALB - NYSE - CHEMICALS - Synthetics Albemarle Corp	$298.46	+7.03 2.41%	$302.54	$298.17	0.10%	773,554 63.67%	1,215,000
Most Recent Note for ALB - 9/9/2022 12:15:56 PM Hitting a new 52-week high with today's 5th consecutive gain. Reported earnings +288% on +91% sales revenues for the quarter ended June 30, 2022 versus the year ago period, its 2nd strong comparison. Prior quarters were below the +25% minimum earnings guideline (C criteria). Annual earnings increases (A criteria) have not shown strong and steady growth.
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AMAL - NASDAQ - Banks-Northeast Amalgamated bank	$22.85	+0.49 2.19%	$22.88	$25.03	-8.71%	92,970 69.90%	133,000
Most Recent Note for AMAL - 9/9/2022 12:17:40 PM Found support at its 50 DMA line ($22.20) this week after volume-driven losses. 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	$49.15	+0.87 1.80%	$49.25	$51.08	-3.78%	1,000,737 61.51%	1,627,000
Most Recent Note for ASO - 9/9/2022 12:18:53 PM Challenging its 52-week high with today's 3rd consecutive volume-driven gain following a considerable gap up. Found prompt support this week near its 50 DMA line ($42.85). 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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AVNW - NASDAQ - Telecom-Infrastructure Aviat Networks Inc	$31.91	+0.36 1.14%	$32.30	$36.63	-12.89%	49,269 63.17%	78,000
Most Recent Note for AVNW - 9/9/2022 12:21:36 PM Reported Jun '22 quarterly earnings +52% on +8% sales revenues versus the year ago period. Prior quarterly earnings history has not been strong and steady above the +25% minimum earnings guideline (C criteria) of the fact-based investment system and fundamental concerns remain.
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BFA - NYSE - FOOD & BEVERAGE - Beverages - Wineries & Distill Brown Forman Corp Cla	$73.51	+1.18 1.63%	$73.55	$76.60	-4.03%	22,606 62.79%	36,000
Most Recent Note for BFA - 9/9/2022 12:23:40 PM Consolidating above its 50 DMA line ($71.69) with today's 3rd consecutive volume-driven gain after briefly undercutting the 50 DMA line with recent 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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DRE - NYSE - REAL ESTATE - REIT - Diversified/Industrial Duke Realty Corp	$60.89	+0.43 0.71%	$61.28	$66.22	-8.05%	1,229,923 61.71%	1,993,000
Most Recent Note for DRE - 9/9/2022 12:29:58 PM This REIT's earnings increases were below the +25% minimum guideline (C criteria) in quarterly comparisons through Jun '22.
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DRVN - NASDAQ - Retail/Whlsle-Automobile Driven Brands Holdings Inc	$34.26	+0.85 2.54%	$34.54	$34.62	-1.04%	251,446 58.61%	429,000
Most Recent Note for DRVN - 9/9/2022 12:32:19 PM Challenging its 52-week and all-time highs with today's 5th consecutive gain. Found support above its 50 DMA line during its consolidation since last noted with caution in the 8/22/22 mid-day report - "Reported strong quarterly results above the +25% minimum guideline (C criteria) through Jun '22 versus year ago periods. Limited annual earnings (A criteria) history is a concern since it completed its IPO at $22 on 1/15/21 and a Secondary Offering on 8/06/21."
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FLEX - NASDAQ - Elec-Contract Mfg Flex Ltd	$19.44	+0.48 2.51%	$19.48	$19.54	-0.54%	2,795,973 69.64%	4,015,000
Most Recent Note for FLEX - 9/9/2022 12:35:13 PM Today's 3rd consecutive volume-driven gain has it nearly challenging multi-year highs. Reported earnings +17% on +16% sales revenues for the Jun '22 quarter versus the year ago period. >Quarterly and annual earnings (C and A criteria) history is not a match with the fact-based investment system's guidelines.
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LYTS - NASDAQ - Bldg-Constr Prds/Misc L S I Industries Inc	$7.81	+0.06 0.71%	$7.89	$8.82	-11.45%	120,491 204.22%	59,000
Most Recent Note for LYTS - 9/9/2022 12:36:05 PM Bouncing back this week after it abruptly retreated 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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NWPX - NASDAQ - METALS & MINING - Steel & Iron Northwest Pipe Company	$33.60	+0.42 1.28%	$33.88	$34.94	-3.82%	21,685 67.77%	32,000
Most Recent Note for NWPX - 9/9/2022 12:37:11 PM Perched within striking distance of its 52-week high with today's 5th consecutive gain. 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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PNM - NYSE - Utility-Electric Power P N M Resources Inc	$47.37	-0.21 -0.44%	$47.73	$50.11	-5.47%	271,545 60.75%	447,000
Most Recent Note for PNM - 9/9/2022 12:37:26 PM Fundamental concerns remain and it was noted with caution in prior mid-day reports - "Earnings history has been erratic for this Utility - Diversified holding firm in the electricity and natural gas distribution business."
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QLYS - NASDAQ - Computer Sftwr-Security Qualys Inc	$159.81	+5.61 3.64%	$160.82	$159.47	0.21%	218,056 60.91%	358,000
Most Recent Note for QLYS - 9/9/2022 12:43:18 PM Hitting a new 52-week high today with its 4th consecutive gain. Made progress to hit new highs then briefly consolidated since last noted with caution in the 8/10/22 mid-day report after a gap up and considerable volume-driven gain rebounding above its 200 DMA line - "Reported Jun '22 quarterly earnings +13% on +20% sales revenues versus the year ago period, and prior quarterly comparisons were below the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 6/15/20."
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QRHC - NASDAQ - Pollution Control Quest Resource Holdings	$8.34	+0.09 1.09%	$8.50	$8.30	0.48%	70,774 147.45%	48,000
Most Recent Note for QRHC - 9/9/2022 12:44:01 PM Hit another new 52-week high today following 5 consecutive volume-driven gains. Prior mid-day reports 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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REGN - NASDAQ - DRUGS - Biotechnology Regeneron Pharmaceutical	$736.94	+28.09 3.96%	$754.67	$747.42	-1.40%	1,205,163 200.53%	601,000
Most Recent Note for REGN - 9/9/2022 12:46:54 PM Hit a new all-time high today with its 3rd consecutive volume-driven gain. It was dropped from the Featured Stocks list on 5/05/22 then sputtered below its 200 DMA line in recent months. Reported Jun '22 quarterly earnings -62% on -44% sales revenues versus the year ago period, its 2nd quarterly comparison below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
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SHEL - NYSE - Oil&Gas-Integrated Shell Plc Ads	$53.30	+1.14 2.19%	$53.53	$61.68	-13.59%	2,907,681 59.30%	4,903,000
Most Recent Note for SHEL - 9/9/2022 12:47:44 PM Still consolidating just above its closely coinciding 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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TMUS - NYSE - Telecom Svcs-Wireless T-Mobile U.S. Inc	$145.11	-0.26 -0.18%	$147.32	$148.04	-1.98%	2,518,984 64.19%	3,924,000
Most Recent Note for TMUS - 9/9/2022 12:48:56 PM Faces little resistance due to overhead supply up to the $150 level after a 14-month consolidation. Reported Jun '22 quarterly earnings +30% on -1% sales revenues versus the year ago period. Completed a new Public Offering on 6/25/20. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum earnings guideline (C criteria) and sub par sales revenues growth is a concern. Annual earnings (A criteria) had a downturn in FY '20.
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WM - NYSE - BANKING - Savings & Loans Waste Management Inc	$173.24	-0.34 -0.20%	$174.57	$175.98	-1.56%	1,046,354 72.56%	1,442,000
Most Recent Note for WM - 9/9/2022 12:50:03 PM Still consolidating perched near its all-time high. The 9/02/22 mid-day report last noted - "Quarterly comparisons through Jun '22 have not been strong and steady above the +25% minimum guideline (C criteria) and annual earnings (A criteria) had a downturn in FY '20."
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