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AFTER MARKET UPDATE - TUESDAY, APRIL 14TH, 2015
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DOW |
+59.66 |
18,036.70 |
+0.33% |
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Volume |
676,604,840 |
+3% |
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Volume |
1,463,090,680 |
+2% |
NASDAQ |
-10.96 |
4,977.29 |
-0.22% |
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Advancers |
1,912 |
60% |
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Advancers |
1,318 |
45% |
S&P 500 |
+3.41 |
2,095.84 |
+0.16% |
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Decliners |
1,136 |
36% |
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Decliners |
1,527 |
52% |
Russell 2000 |
-0.23 |
1,265.35 |
-0.02% |
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52 Wk Highs |
82 |
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52 Wk Highs |
88 |
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S&P 600 |
-0.03 |
723.02 |
-0.00% |
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52 Wk Lows |
8 |
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52 Wk Lows |
34 |
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Major Averages Ended Mixed With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mixed on Tuesday. The Dow climbed 59 points to 18,036. The S&P 500 advanced 3 points to 2,095. The NASDAQ bucked the trend to close down 10 points to 4,977. The volume totals were reported higher than the prior session on the NYSE and on the Nasdaq exchange versus the prior session totals. Advancers led decliners by more than 3-2 on the NYSE, but decliners led advancers by a narrow 7-6 margin on the Nasdaq exchange. There were 23 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 58 stocks. New 52-week highs contracted yet still outnumbered new 52-week lows on the NYSE and the Nasdaq exchange. There were gains for only 2 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages have seen less distributional pressure in recent weeks and there has remained a healthy level of leadership (stocks hitting new 52-week highs). New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The weekly chart of the S&P 500 Index illustrates its +95% rally from the October 2011 lows.
The major averages fluctuated as investors weighed positive earnings reports against dismal economic data. Seven of the 10 S&P 500 sectors finished higher on the day. In financials, JP Morgan Chase & Co (JPM +1.56%) rose after topping quarterly projections, and Bank of America (BAC +0.13%) inched higher in sympathy. Energy was another notable outperformer. Exxon (XOM +1.51%) rallied in sympathy with oil prices. Industrials weighed on the index. Norfolk Southern (NSC -4.18%) fell after it lowered forward guidance. Tech was the worst performing group as Apple (AAPL -0.43%) ended slightly lower.
In economic data, retail sales in March rose 0.9% and missed estimates spurring speculation of weak consumer discretionary earnings reports. Other March data showed wholesale prices advanced 0.2%, but small business optimism climbed less than anticipated.
Treasuries trimmed gains but finished higher. The benchmark 10-year note advanced 8/32 to yield 1.90%. Traders estimate the probability of a 0.25% Fed Funds rate by the Fed's June meeting is 50%, according to the futures market.
In commodities, WTI crude surged 2.3% to $53.08/barrel after the EIA forecast lower shale output. COMEX gold lost 0.5% to $1192.80/ounce. In FOREX, the dollar fell 0.7% with the euro up 0.8% to $1.0651/EUR and the yen 0.6% stronger to ¥119.46/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups and Networking Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +1.19%), Integrated Oil Index ($XOI +1.59%), and the Oil Services Index ($OSX +2.28%) each posted solid gains. The Networking Index ($NWX +1.79%) led the tech sector, meanwhile the Semiconductor Index ($SOX -0.95%) and the Biotechnology Index ($BTK -0.47%) both lost ground on Tuesday. The Broker/Dealer Index ($XBD +0.17%) and Bank Index ($BKX -0.30%) were mixed and little changed, having little impact on the major averages. There was a small loss for the Retail Index ($RLX -0.12%).
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -0.30%) is consolidating above its 50-day and 200-day moving average (DMA) lines.
Oil Services |
$OSX |
209.91 |
+4.68 |
+2.28% |
-0.46% |
Integrated Oil |
$XOI |
1,399.30 |
+21.88 |
+1.59% |
+3.80% |
Semiconductor |
$SOX |
697.85 |
-6.67 |
-0.95% |
+1.60% |
Networking |
$NWX |
386.13 |
+6.79 |
+1.79% |
+7.88% |
Broker/Dealer |
$XBD |
190.31 |
+0.33 |
+0.17% |
+3.07% |
Retail |
$RLX |
1,132.32 |
-1.41 |
-0.12% |
+9.64% |
Gold & Silver |
$XAU |
69.11 |
+0.81 |
+1.19% |
+0.48% |
Bank |
$BKX |
73.04 |
-0.22 |
-0.30% |
-1.64% |
Biotech |
$BTK |
4,079.94 |
-19.37 |
-0.47% |
+18.63% |
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Perched at All-Time High But Concerns Remain After Sub Par Quarter
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Valeant Pharmaceuticals International, Inc. (VRX -$0.52 to $208.94) is perched near its all-time high. It stubbornly held its ground after completing a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns, below the +25% minimum guideline (C criteria). Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch.
The high-ranked Medical - Ethical Drugs firm was last shown in this FSU section on 3/24/15 with annotated daily and weekly graphs under the headline, "Fundamental Concerns Raised by Weaker Earnings and Sales Increases". It completed a new Public Offering on 3/17/15 while consolidating near its all-time high, very extended from any sound base. It completed an earlier Public Offering on 6/18/13. The upshot of such offerings is that the end result is typically an increase in the total number of institutional owners. Unfortunately, VRX's latest earnings for Dec '14 quarter raised fundamental concerns for fans of the fact-based investment system.
It gapped up on 2/23/15 for a considerable volume-driven gain on news it will acquire Salix Pharmaceuticals (SLXP). It was highlighted at $144.84 in yellow in the 1/05/15 mid-day report (read here) with an annotated weekly graph showing a new pivot point cited based on the 12/22/14 high while building a cup-with-handle base. Subsequent gains above the pivot point on 1/08/15 were backed by +71% above average volume triggering a new technical buy signal.
A downturn in FY '07 and '08 earnings (A criteria) was followed by a strong earnings rebound in recent years. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 1,056 in Mar '14 to 1,201 in Mar '15, a reassuring trend concerning the I criteria.
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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 |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$298.16
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+4.10
1.39% |
$298.78
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3,214,923 91.57% of 50 DAV
50 DAV is 3,511,000
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$317.72 -6.16%
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12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 4/10/2015 6:40:17 PM
G - Found support at its 50 DMA line today. Losses leading to a damaging violation would raise more serious concerns and trigger a technical sell signal. Completed a new Public Offering on 2/25/15. Reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Pullback With Higher Volume Toward 50-Day Moving Average - 4/1/2015
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C
A N
S L
I M
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AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$71.15
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-0.20
-0.27% |
$71.61
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961,674 59.00% of 50 DAV
50 DAV is 1,630,000
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$73.53 -3.24%
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2/13/2015
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$68.46
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PP = $65.49
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MB = $68.76
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Most Recent Note - 4/13/2015 6:14:21 PM
G - Volume totals have been cooling while holding its ground near its high, a sign that few investors have headed for the exit. Its 50 DMA line and recent lows in the $68 area define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$74.87
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-0.39
-0.52% |
$76.20
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554,807 29.54% of 50 DAV
50 DAV is 1,878,000
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$77.39 -3.26%
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3/2/2015
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$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 4/8/2015 4:37:25 PM
G - Posted a gain on light volume today. Perched near its all-time high, way too extended to be bought under the guidelines. Prior highs near $63 define important near term support to watch along with its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Getting Extended After Brief Pullback - 3/30/2015
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C
A N
S L
I M
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APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$53.59
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-0.14
-0.26% |
$54.58
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313,165 155.03% of 50 DAV
50 DAV is 202,000
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$55.01 -2.58%
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4/9/2015
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$49.58
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PP = $48.13
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MB = $50.54
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Most Recent Note - 4/13/2015 6:12:12 PM
G - Hit another new high with today's 4th consecutive volume-driven gain, getting very extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed With 8 Times Average Volume - 4/9/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$67.29
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-2.11
-3.04% |
$69.91
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559,648 126.90% of 50 DAV
50 DAV is 441,000
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$70.49 -4.54%
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3/27/2015
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$61.97
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PP = $63.60
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MB = $66.78
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Most Recent Note - 4/13/2015 6:18:18 PM
G - Hit yet another new high with today's 8th consecutive gain, getting very extended from its prior base. Prior highs in the $63.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Fresh Breakout Again Had Look of Institutional Demand - 4/7/2015
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C
A N
S L
I M
|
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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$83.52
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+0.51
0.61% |
$83.69
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19,632,933 78.80% of 50 DAV
50 DAV is 24,914,000
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$86.07 -2.97%
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2/20/2015
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$81.79
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PP = $78.47
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MB = $82.39
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Most Recent Note - 4/13/2015 6:20:10 PM
G - Posted a gain today with higher (near average) volume, still consolidating above prior resistance in the $82 area defining important near-term support above the 50 DMA line.
>>> FEATURED STOCK ARTICLE : Pullback Near Previously Stubborn Resistance - 3/31/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$188.16
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-2.18
-1.15% |
$191.41
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768,312 79.52% of 50 DAV
50 DAV is 966,200
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$213.33 -11.80%
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12/30/2014
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$186.26
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PP = $196.00
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MB = $205.80
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Most Recent Note - 4/13/2015 6:21:45 PM
G - Tallied a 4th consecutive gain today and found support at its 200 DMA line, but gains have lacked great volume conviction. Its Relative Strength rating, now 78, remains below the 80+ minimum guideline for buy candidates. Needs gains above the 50 DMA line ($192.72) for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Falls While Testing 200-Day Average - 3/25/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$166.68
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-0.54
-0.32% |
$168.40
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205,013 67.22% of 50 DAV
50 DAV is 305,000
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$172.09 -3.14%
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2/3/2015
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$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 4/10/2015 6:36:56 PM
G - It is still extended from its prior base. The 50 DMA line ($161.88) defines the next important support level to watch.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$257.50
|
-5.66
-2.15% |
$264.58
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1,509,746 100.99% of 50 DAV
50 DAV is 1,495,000
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$276.18 -6.76%
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4/10/2015
|
$263.45
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PP = $276.28
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MB = $290.09
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Most Recent Note - 4/10/2015 6:24:22 PM
Y - Finished strong and near the session high today after a gap up for its 6th consecutive gain on ever increasing volume. Rebounded above its 50 DMA line, helping its technical stance improve. Found support while consolidating above prior highs in the $243 area. Color code was changed to yellow with new pivot point cited based on its 2/26/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 4/10/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$98.63
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-1.66
-1.66% |
$100.52
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2,088,237 55.91% of 50 DAV
50 DAV is 3,735,000
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$108.50 -9.10%
|
1/5/2015
|
$76.43
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PP = $78.44
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MB = $82.36
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Most Recent Note - 4/10/2015 6:38:47 PM
G - Volume totals have cooled while consolidating, still very extended from its prior base. Disciplined investors avoid chasing extended stocks. Recent lows ($93.05 on 3/26/15) and the 50 DMA line define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Considerable Rally of 41.9% Since Start of Year - 3/26/2015
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C
A N
S L
I M
|
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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$144.54
|
-0.61
-0.42% |
$145.70
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553,713 38.59% of 50 DAV
50 DAV is 1,435,000
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$150.44 -3.92%
|
3/27/2015
|
$146.44
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PP = $149.45
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MB = $156.92
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Most Recent Note - 4/10/2015 6:31:03 PM
Y - Volume totals have been cooling while hovering near its all-time high. Its 50 DMA line and recent lows near $134 define near term support. Subsequent violations would raise concerns and trigger technical sell signals. When recently wedging to a new high (N criteria) gains were backed by sub par volume and members were cautioned - "Stocks should have at least +40% above average volume while rising above the pivot point to clinch a proper new (or add-on) technical buy signal."
>>> FEATURED STOCK ARTICLE : Latest Consolidation is a Short New "Square Box" Base - 3/27/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$50.58
|
-0.54
-1.06% |
$51.53
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298,493 66.33% of 50 DAV
50 DAV is 450,000
|
$54.09 -6.49%
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4/8/2015
|
$52.04
|
PP = $50.10
|
MB = $52.61
|
Most Recent Note - 4/13/2015 6:11:19 PM
Y - Pulled back from its 52-week high today and its color code was changed to yellow after dipping below its "max buy" level". Prior highs near $50 define initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Volume Driven Gain From Flat Base Triggered New Technical Buy Signal - 4/8/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$25.74
|
-0.45
-1.72% |
$26.10
|
19,484 64.95% of 50 DAV
50 DAV is 30,000
|
$28.82 -10.69%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
MB = $27.97
|
Most Recent Note - 4/14/2015 3:54:43 PM
Y - Sputtering lower with light volume today, slumping near its 50 DMA line ($25.01). Endured distributional pressure following a half-hearted rally for a new 52-week high on 3/31/15 with volume only +28% above average volume. No resistance remains due to overhead supply. Members were repeatedly reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Breakout Lacking Volume - 4/2/2015
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A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$208.94
|
-0.52
-0.25% |
$211.30
|
1,538,181 47.99% of 50 DAV
50 DAV is 3,205,000
|
$211.57 -1.24%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
MB = $157.40
|
Most Recent Note - 4/14/2015 8:18:48 PM
G - Perched at all-time highs. Stubbornly held its ground after completing a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised by Weaker Earnings and Sales Increases - 3/24/2015
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A N
S L
I M
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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.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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. All trademarks,
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