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 MIDDAY BREAKOUTS REPORT - TUESDAY, SEPTEMBER 13TH, 2022
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DOW 31482.19 -899.15 (-2.78%) | NASDAQ 11779.29 -487.12 (-3.97%) | S&P 500 3982.73 -127.68 (-3.11%)
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Time of Screening :
9/13/2022 12:13:00 PM Report Released :
9/13/2022 12:42:04 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...
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 |
|
Max Buy |
CPRX
- NASDAQ
Catalyst Pharma Partners
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$16.72
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+1.57
10.33%
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$17.22
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7,331,764
298.59% of 50 DAV
50 DAV is 2,455,500
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$15.61
7.08%
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9/8/2022 |
$15.14
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PP = $15.17
MB = $15.93 |
Most Recent Note - 9/13/2022 12:25:10 PM
G - Gapped up today hitting a new 52-week high with a considerable volume-driven gain, it quickly rallied above its max buy" level and its color code is changed to green. Highlighted in yellow with pivot point cited based on its 8/23/22 high plus 10 cents in the 9/08/22 mid-day report. 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.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/8/2022. Click here.
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SEC |
News |
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A N
S L
I M
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ENPH
- NASDAQ
Enphase Energy Inc
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$309.59
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+0.66
0.21%
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$309.79
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2,257,361
64.07% of 50 DAV
50 DAV is 3,523,000
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$324.84
-4.69%
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7/28/2022 |
$276.66
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PP = $282.55
MB = $296.68 |
Most Recent Note - 9/13/2022 12:31:15 PM
G - Hovering near its all-time high after a volume-driven breakout gain on 9/07/22 following a brief consolidation. Recent lows in the $272-272 area define initial support above its 50 DMA line ($264). Fundamentals remain strong.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2022. Click here.
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SEC |
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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 |
AAPL
- NASDAQ - COMPUTER HARDWARE - Personal Computers
Apple Inc
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$156.55 |
-6.88
-4.21%
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$160.54
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$182.94
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-14.43% |
46,959,006
67.86%
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69,197,000
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Most Recent Note for AAPL - 9/13/2022 12:15:48 PM
Abruptly reversing the prior gain and slicing back below its 200 DMA line ($161) with today's gap down and big loss. Prior mid-day reports cautioned members - "Reported Jun '22 quarterly earnings -8% on +2% sales revenues versus the year ago period, its 2nd quarterly comparison well below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. On 8/31/20 a 4:1 share split impacted share price. The number of top-rated funds owning its shares rose from 4,946 in Jun '19 to 6,438 in Jun '22. Companies currently on the Featured Stocks list are ideal candidates fitting the fact-based investment system's guidelines before becoming heavily owned by the institutional crowd."
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A N
S L
I M
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ACT
- NASDAQ - Finance-Mrtg&Rel Svc
Enact Holdings Inc
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$25.02 |
-0.37
-1.46%
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$25.23
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$27.68
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-9.61% |
114,326
67.65%
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169,000
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Most Recent Note for ACT - 9/13/2022 12:17:12 PM
Consolidating back below the June high and slumping toward its 50 DMA line ($24.31). Quarterly comparisons through Jun '22 show waning sales revenues, not growth.
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A N
S L
I M
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ALB
- NYSE - CHEMICALS - Synthetics
Albemarle Corp
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$300.31 |
+3.34
1.12%
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$307.12
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$302.54
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-0.74% |
893,353
73.53%
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1,215,000
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Most Recent Note for ALB - 9/13/2022 12:18:19 PM
Hitting a new 52-week high with today's gain. The 9/09/22 mid-day report noted - "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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A N
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I M
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AMAL
- NASDAQ - Banks-Northeast
Amalgamated bank
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$23.02 |
+0.16
0.68%
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$23.20
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$25.03
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-8.05% |
93,038
65.06%
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143,000
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Most Recent Note for AMAL - 9/13/2022 12:19:26 PM
Found support at its 50 DMA line ($22.32). 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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A N
S L
I M
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ASO
- NASDAQ - Retail-Leisure Products
Academy Sports & Outdoor
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$48.70 |
-1.97
-3.89%
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$49.60
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$51.51
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-5.46% |
999,650
62.05%
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1,611,000
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Most Recent Note for ASO - 9/13/2022 12:21:17 PM
Pulling back today from its new 52-week high after 4 consecutive volume-driven gains following a considerable gap up. Found prompt support this week near its 50 DMA line ($43.44). 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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CARE
- NASDAQ - Banks-Southeast
Carter Bankshares Inc
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$17.27 |
+0.11
0.64%
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$17.27
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$17.99
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-4.00% |
54,592
95.78%
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57,000
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Most Recent Note for CARE - 9/13/2022 12:22:21 PM
Still hovering within striking distance of its 52-week high after a noted streak of gains. Prior mid-day reports noted - "Earnings increases in recent quarterly comparisons through Jun '22 versus the year ago periods showed great earnings improvement. Fundamental concerns remain due to sub par sales revenues growth and erratic annual (A criteria) earnings history."
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DRVN
- NASDAQ - Retail/Whlsle-Automobile
Driven Brands Holdings Inc
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$32.45 |
-1.89
-5.50%
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$33.14
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$35.45
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-8.46% |
2,282,867
511.85%
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446,000
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Most Recent Note for DRVN - 9/13/2022 12:26:55 PM
Gapped down today following a "negative reversal" on the prior session after hitting a new 52-week high and challenging its all-time high with a streak of gains. Found support above its 50 DMA line during its consolidation since 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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A N
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I M
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FISV
- NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services
Fiserv Inc
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$107.70 |
-1.35
-1.24%
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$108.28
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$117.21
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-8.11% |
2,013,019
59.80%
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3,366,000
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Most Recent Note for FISV - 9/13/2022 12:34:08 PM
Reported earnings +14% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Earnings growth in prior quarterly comparisons was not strong and steady above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has been good. The number of top-rated funds owning its shares fell from 2,416 in Sep '21 to 2,362 in Jun '22, not a reassuring sign concerning the I criteria.
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I M
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IBN
- NYSE - BANKING - Money Center Banks
Icici Bank Ltd Adr
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$22.85 |
-0.31
-1.32%
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$22.98
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$23.25
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-1.70% |
6,485,478
89.31%
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7,262,000
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Most Recent Note for IBN - 9/13/2022 12:35:09 PM
Perched at its all-time high following 5 consecutive small gains, this India-based bank reported Jun '22 quarterly earnings +44% on +4% sales revenues versus the year ago period. Fundamental concerns remain. Prior history has not shown strong or steady quarterly and annual earnings growth or acceleration.
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LYTS
- NASDAQ - Bldg-Constr Prds/Misc
L S I Industries Inc
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$8.78 |
-0.04
-0.40%
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$8.93
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$8.92
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-1.63% |
43,911
66.53%
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66,000
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Most Recent Note for LYTS - 9/13/2022 12:36:45 PM
Perched at its 52-week high after 4 consecutive 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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PTC
- NASDAQ - Computer Sftwr-Design
P T C Inc
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$118.99 |
-1.90
-1.57%
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$119.57
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$136.00
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-12.51% |
528,305
70.72%
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747,000
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Most Recent Note for PTC - 9/13/2022 12:38:50 PM
Consolidating above its 50 DMA line ($115). Reported Jun '22 quarterly earnings +17% on +6% sales revenues versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth has been good after a downturn in FY '16 and '17.
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WCN
- NYSE - MATERIALS & CONSTRUCTION - Waste Management
Waste Connections Inc
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$146.78 |
-1.22
-0.82%
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$147.51
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$148.20
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-0.96% |
781,001
97.02%
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805,000
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Most Recent Note for WCN - 9/13/2022 12:40:27 PM
Perched at its all-time high today following 7 consecutive volume-driven gains. Noted with caution in prior mid-day reports - "Reported earnings +23% on +18% sales revenues for the quarter ended June 30, 2022 versus the year ago period. Prior quarterly comparisons have not shown strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) track record included a slight downturn in FY '20."
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WDS
- NYSE - Oil&Gas-Intl Expl&Prod
Woodside Energy Group Adr
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$22.23 |
-1.15
-4.92%
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$22.74
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$24.35
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-8.71% |
514,538
68.97%
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746,000
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Most Recent Note for WDS - 9/13/2022 12:41:55 PM
Limited history is a concern for this Australia-based Oil & Gas firm.
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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.
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be suitable for all investors and it is not to be deemed
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