Held Ground After Prior Gap Up With 8 Times Average Volume

Call Help Lines
954-785-1121

>>> UPGRADE YOUR MEMBERSHIP NOW AND GET IT ALL - CLICK HERE

Get All The Premium Features Now

Held Ground After Prior Gap Up With 8 Times Average Volume
Monday, February 22, 2010 CANSLIM.net

Aruba Networks Inc. (ARUN +$0.01 or +0.08% to $12.19) held its ground today. It gapped up 2/19/10 and was featured in the mid-day report (read here) as a considerable gain for a new 52 week high on more than 8 times average volume helped it break out from a flat base-on-base pattern above its 50-day moving average line. A gap up gain with 8 times average volume is an indication of heavy institutional (I criteria) buying demand.

Quarterly earnings increases (excluding items - click here to read about "Q2 Loss" in the Business Journal) have been strong and sales revenues in the latest quarter ended Jan 31, 2010 showed impressive acceleration. The strong technical action was an immediate response to its improving fundamentals. Its current quarterly earnings (C criteria) increases have been above the +25% minimum guideline and earnings in recent years followed prior annual losses.

About : Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.
You can contact Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam at kengruneisen@gmail.com

The information and writings made avaialable by individuals that successfully passed the CAN SLIM^® Masters Program are their own. Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties.

Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM^® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.