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AFTER MARKET UPDATE - MONDAY, MARCH 4TH, 2024
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Indices NYSE Nasdaq
DOW  -97.55 38,989.83 -0.25% Volume 1,056,116,831 +2% Volume 5,833,038,100 +7%
NASDAQ -67.43 16,207.51 -0.41% Advancers 1,192 43% Advancers 1,804 41%
S&P 500 -6.13 5,130.95 -0.12% Decliners 1,592 57% Decliners 2,571 59%
Russell 2000 -2.09 2,074.31 -0.10% 52 Wk Highs 230   52 Wk Highs 371  
S&P 600 -7.40 1,303.68 -0.56% 52 Wk Lows 31   52 Wk Lows 113  

Leadership Remained Strong Yet Major Indices Ended Lower

The S&P 500 settled with a -0.1% decline while the tech-heavy Nasdaq Composite Index fell -0.41%. Volume was reported higher than the prior session total on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 4-3 margin on the NYSE and by almost a 3-2 margin on the Nasdaq exchange. There were 146 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 124 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index is consolidating near its all-time high.

The communication services sector (-1.5%) had a weak showing, weighed down by losses in Alphabet (GOOG -2.81%) and Meta Platforms (META -0.82%). Apple (AAPL -2.54%) shares declined on news that the EU is fining it more than EUR1.8 billion for "abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users') through its App Store."  The consumer discretionary sector (-1.3%) was hurt by a sharp decline in Tesla (TSLA -7.16%) following a Bloomberg report that shipments from its China factory declined 19% year-over-year. The energy sector was the only other sector that declined more than -1.0% (-1.1%) as WTI crude oil futures fell 1.3% to $78.70/bbl. 

Earnings results are due from retailers Target (TGT -3.09%) and Costco (COST +1.30%) this week. 


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.


Financial, Semiconductor, and Gold & Silver Indexes Rose

The Broker/Dealer Index ($XBD +1.23%) and the Bank Index ($BKX +1.82%) both posted solid gains while the Retail Index ($RLX -0.44%) lost ground on MondayThe tech sector was mixed as the Semiconductor Index ($SOX +1.06%) rose while the Networking Index ($NWX -0.54%) and the Biotech Index ($BTK -0.36%) both edged lower. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +3.99%) posted a solid gain but the Oil Services Index ($OSX -1.04%) and the Integrated Oil Index ($XOI -1.12%) posted unanimous gains.

Chart courtesy of www.stockcharts.com


PICTURED: The Broker/Dealer Index ($XBD +1.23%) hit another new all-time high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  81.27 -0.85 -1.04% -3.11%
Integrated Oil $XOI  1,946.66 -21.97 -1.12% +4.52%
Semiconductor $SOX  4,981.97 +52.38 +1.06% +19.32%
Networking $NWX  814.42 -4.44 -0.54% -2.21%
Broker/Dealer $XBD  584.27 +7.12 +1.23% +4.84%
Retail $RLX  4,426.74 -19.53 -0.44% +13.83%
Gold & Silver $XAU  112.99 +4.34 +3.99% -10.11%
Bank $BKX  98.13 +1.75 +1.82% +2.20%
Biotech $BTK  5,294.34 -19.30 -0.36% -2.30%


Relative Strength Fell and Lingering Below 50-Day Moving Average

Lululemon Athletica (LULU -$7.71 or -1.68% to $450.79) has been lingering below its 50-day moving average (DMA) line ($476) which is now downward sloping and may act as resistance. Its Relative Strength Rating has slumped to 77, below the 80+ minimum guideline for buy candidates. A rebound above the 50 DMA line is needed to help its outlook improve. It will be dropped from the Featured Stocks list tonight.

LULU was highlighted in yellow in the 12/08/23 mid-day report (read here) with pivot point cited based on its Nov '21 high plus 10 cents. It was last shown in detail in this FSU section on 2/02/24 with an annotated graph on under the headline, "Violation of 50-Day Moving Average Hurt Outlook". 

LULU reported Oct '23 quarterly earnings +27% on +19% sales revenues versus the year-ago period. Three of the 4 latest quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '21. It currently has a 98 Earnings Per Share Rating. Its Timeliness rating is B and Sponsorship rating is B.

The current Up/Down Volume Ratio of 0.6 is an unbiased indication its shares have been under distributional pressure over the past 50 days. The number of top-rated funds owning its shares rose from 2,104 in Mar '23 to 2,478 in Dec '23, a good sign concerning the I criteria.

Charts courtesy of www.stockcharts.com


Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for ANET ANET NYSE
Arista Networks
Computer-Networking  
$287.94+0.20
0.07%

$291.29

2,000,591
91.85% of 50 DAV
50 DAV is 2,178,000
$292.66
-1.61%
10/31/2023$188.84PP = $198.80
MB = $208.74
Most Recent Note - 3/1/2024 4:51:52 PM
G - Posted a gain with +23% above average volume for a best-ever close, very extended from any sound base. Its 50 DMA line ($257.51) defines important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Best Ever Close for Arista Networks - 3/1/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for NVO NVO NYSE
Novo Nordisk ADR
Medical-Ethical Drugs  
$127.95+3.72
2.99%

$128.77

6,806,385
147.48% of 50 DAV
50 DAV is 4,615,000
$124.87
2.47%
3/1/2024$124.23PP = $124.97
MB = $131.22
 Most Recent Note - 3/4/2024 12:32:14 PM
Y - Gapped up today hitting a new all-time high. Color code was recently changed to yellow after forming an advanced "3-weeks tight" base. Its 50 DMA line ($112.59) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Volume-Driven Gains - 2/8/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for AXON AXON NASDAQ
Axon Enterprise
Security/Sfty  
$319.79+5.54
1.76%

$325.63

927,159
209.76% of 50 DAV
50 DAV is 442,000
$318.90
0.28%
11/8/2023$127.84PP = $223.30
MB = $234.47
 Most Recent Note - 3/4/2024 12:04:00 PM
G - Very extended from any sound base and hitting another new all-time high today. Bullish action came after it reported Dec '23 quarterly earnings +60% on +29% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Prior highs in the $260-262 area define initial support to watch along with its 50-day moving average (DMA) line ($262.58).
>>> FEATURED STOCK ARTICLE : Reversal at All-Time High After 7 Consecutive Gains - 2/12/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TDG TDG NYSE
TransDigm Group
Aerospace/Defense  
$1,173.41-9.86
-0.83%

$1,189.53

262,252
124.29% of 50 DAV
50 DAV is 211,000
$1,207.58
-2.83%
12/12/2023$1,000.39PP = $1,013.18
MB = $1,063.84
Most Recent Note - 2/27/2024 11:30:31 AM
G - Pulling back today with below-average volume for a 2nd loss off of its all-time high. Its 50 DMA line ($1,068) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Transdigm Perched Near All-Time High - 2/14/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TBBK TBBK NASDAQ
The Bancorp
Banks-Northeast  
$42.09-2.02
-4.58%

$45.00

629,836
150.32% of 50 DAV
50 DAV is 419,000
$47.11
-10.66%
1/22/2024$40.87PP = $42.56
MB = $44.69
 Most Recent Note - 3/4/2024 5:51:48 PM
G - Suffered a big loss today with above-average volume, undercutting its pivot point and raising concerns while testing prior highs in the $42 area. Its 50 DMA line ($41.50) defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Wedging Above "Max Buy" Level With Gains Lacking Great Volume - 2/27/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for LULU LULU NASDAQ
Lululemon Athletica
Retail-Apparel/Shoes/Acc  
$450.79-7.71
-1.68%

$459.03

1,248,780
105.65% of 50 DAV
50 DAV is 1,182,000
$516.39
-12.70%
12/8/2023$490.61PP = $485.93
MB = $510.23
 Most Recent Note - 3/4/2024 5:49:07 PM
Relative Strength Rating has slumped to 77 while still lingering below its 50 DMA line ($476) which is now downward sloping and may act as resistance. A rebound above the 50 DMA line is needed to help its outlook improve. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Relative Strength Fell and Lingering Below 50-Day Moving Average - 3/4/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for CRWD CRWD NASDAQ
CrowdStrike Holdings
Computer Sftwr-Security  
$313.81-0.79
-0.25%

$317.99

4,669,898
144.31% of 50 DAV
50 DAV is 3,236,000
$338.45
-7.28%
1/2/2024$246.42PP = $261.91
MB = $275.01
Most Recent Note - 3/1/2024 12:25:18 PM
G - Perched within striking distance of its all-time high, showing resilience after testing support near its 50 DMA line ($292) last week. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooking While Stubbornly Perched at All-Time High - 2/6/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for ELF ELF NYSE
e.l.f. Beauty
Cosmetics/Personal Care  
$208.96-8.44
-3.88%

$221.83

1,889,911
129.27% of 50 DAV
50 DAV is 1,462,000
$217.71
-4.02%
1/2/2024$138.23PP = $153.63
MB = $161.31
Most Recent Note - 3/1/2024 4:53:14 PM
G - Posted an 8th consecutive gain today for yet another new all-time high. Reported Dec '23 quarterly earnings +54% on +85% sales revenues versus the year-ago period, continuing its strong earnings track record. Its 50 DMA line ($163.47) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Peched at All-Time High With Earnings News Due - 2/5/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for KOF KOF NYSE
Coca Cola Femsa Sab Ads
Beverages-Non-Alcoholic  
$95.84-1.12
-1.16%

$96.97

151,002
92.13% of 50 DAV
50 DAV is 163,900
$104.38
-8.18%
1/12/2024$93.38PP = $99.34
MB = $104.31
Most Recent Note - 2/29/2024 12:49:31 PM
Y - Its 50 DMA line ($95.17) defines important near-term support to watch while still sputtering after a noted "negative reversal" on 2/20/24 at its all-time high. Reported Dec ''23 quarterly earnings -13% on +24% sales revenues versus the year-ago period, raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched at High With Earnings News Due - 2/21/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for PCAR PCAR NASDAQ
Paccar
Trucks and Parts-Hvy Duty  
$112.29-0.90
-0.80%

$114.22

1,742,033
81.82% of 50 DAV
50 DAV is 2,129,000
$113.35
-0.94%
1/23/2024$100.35PP = $98.57
MB = $103.50
Most Recent Note - 3/1/2024 4:56:57 PM
G - Hit another new all-time high with today''s gain backed by average volume, getting more extended from any sound base. Its 50 DMA line ($101.55) defines near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After 7 Weekly Gains - 2/26/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for HUBB HUBB NYSE
Hubbell
Electrical-Power/Equipmt  
$387.74+2.97
0.77%

$392.98

437,267
112.12% of 50 DAV
50 DAV is 390,000
$385.35
0.62%
1/30/2024$343.26PP = $336.83
MB = $353.67
Most Recent Note - 2/28/2024 4:56:23 PM
G - Posted a small gain with average volume for another new all-time high, getting more extended from the previously noted base. Prior high ($340) and its 50 DMA line define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Inched to New Highs With Average Volume - 2/28/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for MANH MANH NASDAQ
Manhattan Associates
Computer Sftwr-Enterprse  
$254.99-1.76
-0.69%

$257.67

290,511
82.77% of 50 DAV
50 DAV is 351,000
$258.91
-1.51%
1/31/2024$240.57PP = $230.71
MB = $242.25
Most Recent Note - 2/27/2024 11:27:26 AM
G - Perched near its all-time high with light volume behind today''s 4th consecutive small gain. Prior highs in the $230 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High After Streak of Small Gains - 2/29/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TENB TENB NYSE
Tenable Holdings
Computer Sftwr-Security  
$47.76-0.34
-0.71%

$48.19

627,480
63.60% of 50 DAV
50 DAV is 986,600
$53.50
-10.73%
2/7/2024$49.50PP = $49.87
MB = $52.36
Most Recent Note - 2/27/2024 11:32:02 AM
G - Its Relative Strength rating has slumped to 71, well below the 80+ minimum guideline for buy candidates. Finding support recently above the 50 DMA line ($47.14). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Followed Latest Earnings Report - 2/7/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for USLM USLM NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag  
$265.26+11.37
4.48%

$266.09

15,518
86.21% of 50 DAV
50 DAV is 18,000
$266.88
-0.61%
2/9/2024$254.68PP = $265.09
MB = $278.34
 Most Recent Note - 3/4/2024 5:53:22 PM
Y - Posted a solid gain today with below-average volume for a best-ever close near its all-time high. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a conviciing new technical buy signal. Through Dec ''23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system''s guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
>>> FEATURED STOCK ARTICLE : Strong Finish for Thinly Traded U.S Lime & Minerals - 2/9/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for NOW NOW NYSE
ServiceNow
Computer Sftwr-Enterprse  
$776.09+2.46
0.32%

$777.88

985,469
85.54% of 50 DAV
50 DAV is 1,152,000
$815.32
-4.81%
2/22/2024$771.75PP = $815.32
MB = $856.09
Most Recent Note - 2/29/2024 12:50:59 PM
Y - Still consolidating above its 50 DMA line. A valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support With a Solid Gap Up from 10-Week Moving Average - 2/23/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for SNPS SNPS NASDAQ
Synopsys
Computer Sftwr-Design  
$594.32+2.97
0.50%

$604.35

1,060,434
74.31% of 50 DAV
50 DAV is 1,427,000
$629.38
-5.57%
2/22/2024$600.65PP = $582.85
MB = $611.99
Most Recent Note - 3/1/2024 4:58:45 PM
Y - Posted a gain today with below-average volume for a best-ever close. A strong volume-driven gain and close above the pivot point is needed to clinch a proper technical buy signal. Found support recently at its 50 DMA line ($538). Reported Jan ''24 quarterly earnings +36% on +21% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been strong and steady.
>>> FEATURED STOCK ARTICLE : Gapped Up for New High But Ended Near Session Low - 2/22/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for ANET ANET - NYSE
Arista Networks
Computer-Networking  
$290.31 +2.57
0.89%

$291.23

845,267
38.81% of 50 DAV
50 DAV is 2,178,000
$292.66
-0.80%
10/31/2023 $188.84 PP = $198.80
MB = $208.74
Most Recent Note - 3/1/2024 4:51:52 PM
G - Posted a gain with +23% above average volume for a best-ever close, very extended from any sound base. Its 50 DMA line ($257.51) defines important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Best Ever Close for Arista Networks - 3/1/2024
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for NVO NVO - NYSE
Novo Nordisk ADR
Medical-Ethical Drugs  
$128.37 +4.14
3.33%

$128.67

3,555,570
77.04% of 50 DAV
50 DAV is 4,615,000
$124.87
2.80%
3/1/2024 $124.23 PP = $124.97
MB = $131.22
Most Recent Note - 3/4/2024 12:32:14 PM
Y - Gapped up today hitting a new all-time high. Color code was recently changed to yellow after forming an advanced "3-weeks tight" base. Its 50 DMA line ($112.59) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Volume-Driven Gains - 2/8/2024
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for AXON AXON - NASDAQ
Axon Enterprise
Security/Sfty  
$322.53 +8.28
2.63%

$323.78

412,402
93.30% of 50 DAV
50 DAV is 442,000
$318.90
1.14%
11/8/2023 $127.84 PP = $223.30
MB = $234.47
Most Recent Note - 3/4/2024 12:04:00 PM
G - Very extended from any sound base and hitting another new all-time high today. Bullish action came after it reported Dec '23 quarterly earnings +60% on +29% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Prior highs in the $260-262 area define initial support to watch along with its 50-day moving average (DMA) line ($262.58).
>>> FEATURED STOCK ARTICLE : Reversal at All-Time High After 7 Consecutive Gains - 2/12/2024
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TDG TDG - NYSE
TransDigm Group
Aerospace/Defense  
$1,175.15 -8.13
-0.69%

$1,189.53

78,783
37.34% of 50 DAV
50 DAV is 211,000
$1,207.58
-2.69%
12/12/2023 $1,000.39 PP = $1,013.18
MB = $1,063.84
Most Recent Note - 2/27/2024 11:30:31 AM
G - Pulling back today with below-average volume for a 2nd loss off of its all-time high. Its 50 DMA line ($1,068) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Transdigm Perched Near All-Time High - 2/14/2024
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TBBK TBBK - NASDAQ
The Bancorp
Banks-Northeast  
$43.39 -0.73
-1.64%

$45.00

76,678
18.30% of 50 DAV
50 DAV is 419,000
$47.11
-7.91%
1/22/2024 $40.87 PP = $42.56
MB = $44.69
Most Recent Note - 2/27/2024 6:19:45 PM
G - Color code was changed to green after wedging above its "max buy" level with today's 3rd consecutive gain backed by below-average volume. Prior highs in the $42 area and its 50 DMA line ($41.28) define near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedging Above "Max Buy" Level With Gains Lacking Great Volume - 2/27/2024
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for LULU LULU - NASDAQ
Lululemon Athletica
Retail-Apparel/Shoes/Acc  
$452.32 -6.18
-1.35%

$459.03

395,897
33.49% of 50 DAV
50 DAV is 1,182,000
$516.39
-12.41%
12/8/2023 $490.61 PP = $485.93
MB = $510.23
Most Recent Note - 2/29/2024 12:45:41 PM
G - Volume totals have been cooling while still lingering below its 50 DMA line ($478) which is now downward sloping and may act as resistance. A rebound above the 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Hurt Outlook - 2/2/2024
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StockCharts.com Latest Chart for CRWD CRWD - NASDAQ
CrowdStrike Holdings
Computer Sftwr-Security  
$314.89 +0.29
0.09%

$317.99

2,137,193
66.04% of 50 DAV
50 DAV is 3,236,000
$338.45
-6.96%
1/2/2024 $246.42 PP = $261.91
MB = $275.01
Most Recent Note - 3/1/2024 12:25:18 PM
G - Perched within striking distance of its all-time high, showing resilience after testing support near its 50 DMA line ($292) last week. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooking While Stubbornly Perched at All-Time High - 2/6/2024
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StockCharts.com Latest Chart for ELF ELF - NYSE
e.l.f. Beauty
Cosmetics/Personal Care  
$208.05 -9.35
-4.30%

$221.83

921,137
63.01% of 50 DAV
50 DAV is 1,462,000
$217.71
-4.44%
1/2/2024 $138.23 PP = $153.63
MB = $161.31
Most Recent Note - 3/1/2024 4:53:14 PM
G - Posted an 8th consecutive gain today for yet another new all-time high. Reported Dec '23 quarterly earnings +54% on +85% sales revenues versus the year-ago period, continuing its strong earnings track record. Its 50 DMA line ($163.47) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Peched at All-Time High With Earnings News Due - 2/5/2024
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StockCharts.com Latest Chart for KOF KOF - NYSE
Coca Cola Femsa Sab Ads
Beverages-Non-Alcoholic  
$96.17 -0.80
-0.82%

$96.97

44,143
26.93% of 50 DAV
50 DAV is 163,900
$104.38
-7.87%
1/12/2024 $93.38 PP = $99.34
MB = $104.31
Most Recent Note - 2/29/2024 12:49:31 PM
Y - Its 50 DMA line ($95.17) defines important near-term support to watch while still sputtering after a noted "negative reversal" on 2/20/24 at its all-time high. Reported Dec '23 quarterly earnings -13% on +24% sales revenues versus the year-ago period, raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched at High With Earnings News Due - 2/21/2024
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StockCharts.com Latest Chart for PCAR PCAR - NASDAQ
Paccar
Trucks and Parts-Hvy Duty  
$113.47 +0.28
0.25%

$114.22

414,936
19.49% of 50 DAV
50 DAV is 2,129,000
$113.35
0.11%
1/23/2024 $100.35 PP = $98.57
MB = $103.50
Most Recent Note - 3/1/2024 4:56:57 PM
G - Hit another new all-time high with today's gain backed by average volume, getting more extended from any sound base. Its 50 DMA line ($101.55) defines near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After 7 Weekly Gains - 2/26/2024
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for HUBB HUBB - NYSE
Hubbell
Electrical-Power/Equipmt  
$392.12 +7.35
1.91%

$392.98

125,592
32.20% of 50 DAV
50 DAV is 390,000
$385.35
1.76%
1/30/2024 $343.26 PP = $336.83
MB = $353.67
Most Recent Note - 2/28/2024 4:56:23 PM
G - Posted a small gain with average volume for another new all-time high, getting more extended from the previously noted base. Prior high ($340) and its 50 DMA line define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Inched to New Highs With Average Volume - 2/28/2024
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StockCharts.com Latest Chart for MANH MANH - NASDAQ
Manhattan Associates
Computer Sftwr-Enterprse  
$256.67 -0.08
-0.03%

$257.53

52,853
15.06% of 50 DAV
50 DAV is 351,000
$258.91
-0.87%
1/31/2024 $240.57 PP = $230.71
MB = $242.25
Most Recent Note - 2/27/2024 11:27:26 AM
G - Perched near its all-time high with light volume behind today's 4th consecutive small gain. Prior highs in the $230 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High After Streak of Small Gains - 2/29/2024
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StockCharts.com Latest Chart for TENB TENB - NYSE
Tenable Holdings
Computer Sftwr-Security  
$48.04 -0.06
-0.12%

$48.19

208,367
21.12% of 50 DAV
50 DAV is 986,600
$53.50
-10.21%
2/7/2024 $49.50 PP = $49.87
MB = $52.36
Most Recent Note - 2/27/2024 11:32:02 AM
G - Its Relative Strength rating has slumped to 71, well below the 80+ minimum guideline for buy candidates. Finding support recently above the 50 DMA line ($47.14). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Followed Latest Earnings Report - 2/7/2024
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StockCharts.com Latest Chart for USLM USLM - NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag  
$256.40 +2.51
0.99%

$261.18

4,092
22.73% of 50 DAV
50 DAV is 18,000
$266.88
-3.93%
2/9/2024 $254.68 PP = $265.09
MB = $278.34
Most Recent Note - 2/27/2024 11:28:38 AM
Y - Perched near its all-time high with volume totals cooling. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a conviciing new technical buy signal. Through Dec '23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
>>> FEATURED STOCK ARTICLE : Strong Finish for Thinly Traded U.S Lime & Minerals - 2/9/2024
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StockCharts.com Latest Chart for NOW NOW - NYSE
ServiceNow
Computer Sftwr-Enterprse  
$769.40 -4.23
-0.55%

$775.95

376,309
32.67% of 50 DAV
50 DAV is 1,152,000
$815.32
-5.63%
2/22/2024 $771.75 PP = $815.32
MB = $856.09
Most Recent Note - 2/29/2024 12:50:59 PM
Y - Still consolidating above its 50 DMA line. A valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support With a Solid Gap Up from 10-Week Moving Average - 2/23/2024
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Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for SNPS SNPS - NASDAQ
Synopsys
Computer Sftwr-Design  
$595.18 +3.83
0.65%

$604.35

472,877
33.14% of 50 DAV
50 DAV is 1,427,000
$629.38
-5.43%
2/22/2024 $600.65 PP = $582.85
MB = $611.99
Most Recent Note - 3/1/2024 4:58:45 PM
Y - Posted a gain today with below-average volume for a best-ever close. A strong volume-driven gain and close above the pivot point is needed to clinch a proper technical buy signal. Found support recently at its 50 DMA line ($538). Reported Jan '24 quarterly earnings +36% on +21% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been strong and steady.
>>> FEATURED STOCK ARTICLE : Gapped Up for New High But Ended Near Session Low - 2/22/2024
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