Mid-Day Breakouts Report - Friday, October 14th, 2022

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MIDDAY BREAKOUTS REPORT - FRIDAY, OCTOBER 14TH, 2022
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DOW 29739.42 -299.3 (-1.00%) | NASDAQ 10421.92 -227.23 (-2.13%) | S&P 500 3606.44 -63.47 (-1.73%)

Time of Screening : 10/14/2022 12:22:10 PM Report Released : 10/14/2022 1:21:06 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
CI - NYSE Cigna Corp	$294.67	-2.97 -1.00%	$300.75	1,047,018 53.04% of 50 DAV 50 DAV is 1,974,000	$299.12 -1.49%	7/7/2022	$276.55	PP = $273.68 MB = $287.36
Most Recent Note - 10/14/2022 12:35:31 PM G - Reversed into the red today after an early gain. Posted a gain with average volume and hit a new all-time high on the prior session. Its 50 DMA line ($287.57) defines near-term support above the prior low ($273). Fundamental concerns also remain after 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). >>> The latest Featured Stock Update with an annotated graph appeared on 10/4/2022. Click here.
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CMC - NYSE Commercial Metals Co	$41.61	-0.44 -1.05%	$43.07	511,495 57.60% of 50 DAV 50 DAV is 888,000	$46.68 -10.86%	10/14/2022	$41.61	PP = $44.45 MB = $46.67
Most Recent Note - 10/14/2022 12:39:59 PM Y - Color code is changed to yellow with pivot point cited based on its 8/11/22 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Rebounded above its 50 and 200 DMA lines with recent volume-driven gains. Faces little resistance due to overhead supply up to the $46 level. Reported Aug '22 quarterly earnings +94% on +19% sales revenues versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings growth has been strong. The market is in a correction (M criteria) and disciplined investors know to avoid new buying efforts until a new rally confirmed with a follow-through day. 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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Symbol - Exchange - Industry Group Company Name	Last	Chg	Day High	52 WK Hi	% From Hi	Volume % DAV	DAV
AJG - NYSE - INSURANCE - Insurance Brokers Gallagher Arthur J & Co	$171.87	-6.79 -3.80%	$180.52	$192.00	-10.48%	536,549 56.78%	945,000
Most Recent Note for AJG - 10/14/2022 12:25:00 PM Slumping today and it met resistance at its 50 DMA line last week when rebounding. Fundamental concerns remain as noted in prior mid-day reports - "Quarterly earnings increases have not been strong and steady above the +25% minimum guideline (C criteria). Insurance firm's annual earnings (A criteria) history has been steady."
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BMY - NYSE - DRUGS - Drug Manufacturers - Major Bristol-Myers Squibb Co	$70.69	-0.08 -0.11%	$71.74	$80.59	-12.28%	4,912,044 50.69%	9,691,000
Most Recent Note for BMY - 10/14/2022 12:28:22 PM Sputtering below its 50 and 200 DMA lines in recent weeks, encountering distributional pressure since a gap up on 9/12/22 when the mid-day report cautioned members - "Reported Jun '22 quarterly earnings +18% on +2% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria)."
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BP - NYSE - ENERGY - Major Integrated Oil & Gas B P Plc Adr	$30.65	-0.51 -1.62%	$31.16	$34.30	-10.66%	5,853,321 56.29%	10,399,000
Most Recent Note for BP - 10/14/2022 12:30:39 PM Pulling back today after rebounding above its 50 and 200 DMA lines with a gain on the prior session. Prior mid-day reports cautioned members - "Recent quarterly comparisons through Jun '22 have shown solid increases. Its annual earnings history has been erratic."
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CCNE - NASDAQ - BANKING - Regional - Northeast Banks C N B Financial Corp Pa	$24.91	-0.16 -0.62%	$25.48	$28.59	-12.89%	30,502 58.66%	52,000
Most Recent Note for CCNE - 10/14/2022 12:31:17 PM Reported earnings +12% on +18% sales revenues for the Jun '22 quarter versus the year ago period, and prior quarterly comparisons were also below the +25% minimum guideline (C criteria).
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CECE - NASDAQ - Pollution Control Ceco Environmental	$9.93	+0.22 2.27%	$10.30	$10.80	-8.06%	190,719 59.05%	323,000
Most Recent Note for CECE - 10/14/2022 12:33:36 PM Perched near multi-year high after finding support near its 50 DMA line while consolidating since the 9/02/22 mid-day report last noted - "Reported earnings +100% on +34% sales revenues for the Jun '22 quarter versus the year ago period, its 2nd strong quarterly comparison. Prior quarterly earnings increases were sub par and its erratic annual earnings (A criteria) history remains a fundamental flaw."
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DAR - NYSE - Agricultural Operations Darling International	$76.31	-2.13 -2.72%	$80.18	$87.59	-12.88%	814,301 66.91%	1,217,000
Most Recent Note for DAR - 10/14/2022 12:44:02 PM Reversed into the red after early gains today above its Aug-Sep highs. Faces resistance due to overhead supply up to the $87 level. Reported earnings +5% on +38% sales revenues for the Jun '22 quarter versus the year ago period, breaking a streak of 5 strong quarterly comparison showing solid sales revenues and earnings increases above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong after a downturn in FY '16 and '17.
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DOX - NASDAQ - COMPUTER SOFTWARE & SERVICES - Business Software & Services Amdocs Limited	$79.43	-1.09 -1.35%	$81.26	$90.77	-12.49%	314,927 52.31%	602,000
Most Recent Note for DOX - 10/14/2022 12:45:30 PM Sputtering below its 200 DMA line ($81.75) in recent weeks. Noted with caution in prior mid-day reports - "Reported Jun '22 quarterly earnings -6% on +9% sales revenues versus the year ago period. Fundamental concerns remain. Quarterly earnings increases were not strong and steady above the +25% minimum guideline (C criteria) and they have been backed by sub par sales revenues growth."
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FBIZ - NASDAQ - Banks-Midwest First Business Finl Svcs	$34.53	+0.16 0.47%	$34.69	$36.58	-5.60%	10,713 53.57%	20,000
Most Recent Note for FBIZ - 10/14/2022 12:49:27 PM Consolidating near its 50 DMA line after finding support at its 200 DMA line in recent weeks. Reported earnings +36% on +10% sales revenues for the Jun '22 quarter versus the year ago period. Prior quarterly and annual earnings history (C and A criteria) is not a match with the fact-based investment system's guidelines.
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GRIN - NASDAQ - Transportation-Ship Grindrod Shipping Holdings	$25.58	+0.06 0.24%	$25.58	$28.98	-11.73%	673,831 207.33%	325,000
Most Recent Note for GRIN - 10/14/2022 12:50:49 PM This Singapore-based Transportation - Ship firm gapped up on 10/12/22 rising from a 5-week flat base. Consolidated in a tight range after 8/29/22 M&A news. Recent quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. After years of losses it had a profitable FY '21.
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HRMY - NASDAQ - Medical-Biomed/Biotech Harmony Biosciences Holdings	$49.75	+2.12 4.45%	$50.49	$57.13	-12.92%	281,265 55.04%	511,000
Most Recent Note for HRMY - 10/14/2022 12:57:02 PM Faces some near-term resistance due to overhead supply up to the $57 level. Rebounded above its 200 and 50-day moving average (DMA) lines recently after sputtering since last noted when dropped from the Featured Stocks list on 8/24/22. Fundamentals remain strong.
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MVO - NYSE - ENERGY - Oil & Gas Drilling & Explorati M V Oil Trust	$13.30	-0.39 -2.81%	$13.74	$15.13	-12.10%	51,087 60.10%	85,000
Most Recent Note for MVO - 10/14/2022 12:58:27 PM Showing resilience and hovering near its all-time high following a spurt of volume-driven gains. Prior mid-day reports noted - "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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PAC - NYSE - TRANSPORTATION - Air Services, Other Grupo Aero Del Pac Ads	$144.93	+2.52 1.77%	$145.48	$167.24	-13.34%	23,145 50.32%	46,000
Most Recent Note for PAC - 10/14/2022 12:59:25 PM Rebounding above its 50 and 200 DMA lines with this week's gains. Reported earnings +76% 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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PSX - NYSE - ENERGY - Oil and Gas Refining and Marketing Phillips 66	$95.54	-1.36 -1.40%	$97.50	$111.28	-14.14%	1,721,888 51.40%	3,350,000
Most Recent Note for PSX - 10/14/2022 1:04:02 PM Rebounded from below its 50 and 200 DMA lines with recent volume-driven gains. Showed greatly improved sales revenues and earnings with recent quarterly comparisons through Jun '22 versus the year ago periods. Annual earnings (A criteria) history has been erratic.
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RELL - NASDAQ - Elec-Misc Products Richardson Electrs	$18.34	-0.75 -3.93%	$19.01	$20.62	-11.05%	99,510 58.19%	171,000
Most Recent Note for RELL - 10/14/2022 1:05:25 PM Consolidating this week after powering to a new 52-week high with considerable volume-driven gains. Found support at its 200 DMA line during its consolidation since noted in the 8/03/22 mid-day report. Quarterly earnings growth has been strong through the Aug '22 quarter versus year ago periods. Erratic annual earnings (A criteria) history is a concern, so fundamentals are below the guidelines of the investment system.
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RLI - NYSE - INSURANCE - Property & Casualty Insurance R L I Corp	$110.54	+0.54 0.49%	$112.17	$121.93	-9.34%	59,987 50.84%	118,000
Most Recent Note for RLI - 10/14/2022 1:07:53 PM Reported Jun '22 quarterly earnings +37% on -29% sales revenues versus the year ago period. Sub par sales revenues growth is a concern. Annual earnings (A criteria) had a downturn in FY '18.
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UNH - NYSE - HEALTH SERVICES - Health Care Plans Unitedhealth Group Inc	$519.95	+10.04 1.97%	$529.91	$553.29	-6.03%	2,536,186 105.81%	2,397,000
Most Recent Note for UNH - 10/14/2022 1:10:35 PM Met resistance today after early gains above its 50 DMA line ($524). Managed a "positive reversal" on the prior session, rebounding above its 200 DMA line ($504). Prior mid-day reports cautioned members that quarterly comparisons were erratic, not strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady.
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VTRU - NASDAQ - Consumer Svcs-Education Vitru Ltd	$18.50	-0.80 -4.15%	$20.25	$21.69	-14.71%	22,704 73.24%	31,000
Most Recent Note for VTRU - 10/14/2022 1:14:40 PM Encountering distributional pressure while trading in a wider than usual intra-day range since hitting a new 52-week high with a breakout and volume-driven gain on 9/22/22. Quarterly comparisons through Jun '22 showed strong sales revenues and earnings increases over the year ago periods. Annual earnings history (A criteria) has not been strong and steady and include a downturn in FY '21.
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WAFD - NASDAQ - Finance-Savings & Loan Washington Federal Inc	$35.05	+2.03 6.13%	$35.59	$38.06	-7.92%	360,186 114.34%	315,000
Most Recent Note for WAFD - 10/14/2022 1:18:44 PM Gapped up today for a considerable 5th consecutive volume-driven gain as it rebounded above its 50 and 200 DMA lines this week. Reported earnings +49% on +26% sales revenues for the Sep '22 quarter. Noted with caution in prior mid-day reports - "Fundamental concerns remain. Prior earnings history for this financial firm is not a match with the fact-based investment system's guidelines."
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WMK - NYSE - RETAIL - Grocery Stores Weis Markets Inc	$81.05	-3.74 -4.41%	$84.77	$86.76	-6.58%	67,743 91.54%	74,000
Most Recent Note for WMK - 10/14/2022 1:21:00 PM Pulling back today after rallying with a streak of 6 consecutive gains marked by volume, quickly rising from its 200 DMA line to challenge its 52-week high.
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