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AFTER MARKET UPDATE - FRIDAY, MAY 8TH, 2015
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DOW |
+267.05 |
18,191.11 |
+1.49% |
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Volume |
758,955,550 |
-4% |
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Volume |
1,835,202,300 |
-3% |
NASDAQ |
+58.01 |
5,003.55 |
+1.17% |
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Advancers |
2,490 |
78% |
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Advancers |
2,031 |
64% |
S&P 500 |
+28.10 |
2,116.10 |
+1.35% |
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Decliners |
604 |
19% |
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Decliners |
1,033 |
33% |
Russell 2000 |
+9.39 |
1,234.93 |
+0.77% |
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52 Wk Highs |
79 |
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52 Wk Highs |
78 |
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S&P 600 |
+4.20 |
710.38 |
+0.59% |
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52 Wk Lows |
29 |
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52 Wk Lows |
47 |
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Breadth Positive But Volume Lighter as Major Averages Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow advanced +0.9% and the S&P 500 climbed +0.4%, but the NASDAQ finished down less than -0.1%. Stocks finished solidly higher on Friday. The Dow rose 267 points to 18,191. The S&P 500 advanced 28 points to 2,116. The NASDAQ climbed 58 points to 5,003. The volume totals were reported lighter than the prior session totals on the Nasdaq exchange and on the NYSE, a sign of less serious buying demand from the institutional crowd. Breadth was positive as advancers led decliners by nearly a 4-1 margin on the NYSE and by 2-1 on the Nasdaq exchange. Leadership improved as there were 49 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 17 stocks. New 52-week highs expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 9 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, according to the newspaper the market earned the label of being in a "correction" following Wednesday's action - due to distributional action in the major indices and waning leadership (fewer stocks hitting new 52-week highs). New buying efforts should be avoided until a new confirmed rally with a follow-through day under the guidelines the fact-based investment system.
PICTURED: The S&P 500 Index rallied to finish within 1 point of its all-time high close.
The major averages rebounded strongly amid a positive labor market report. Non-farm payrolls added 223,000 jobs in April, indicating winter sluggishness may have abated. Unemployment edged lower to 5.4% and labor force participation rose to 62.8%. For March, wholesale inventories advanced 0.1%, missing projections for a 0.3% gain.
At the close, all 10 S&P 500 sectors were higher. Health care was up the most. Biogen (BIIB +4%) rallied after announcing a $5 billion share buyback plan. In material stocks, Monsanto (MON +1.4%) rose after Sygenta rebuffed the company’s takeover offer. In tech stocks, Microsoft (MSFT +2.3%) rallied following reports that the company is not pursuing a takeover of salesforce.com, (CRM +2.8%). Apple (AAPL +1.8%) also lifted the group with a advance. In industrials, Southwest Airlines (LUV +2.7%) rose.
Treasuries continued to climb. The benchmark 10-year note rose 11/32 to yield 2.14%.
Commodities finished mostly higher. WTI crude gained 0.9% to $49.48/barrel and COMEX gold rose 0.5% to $1187.50/ounce. In FOREX, the dollar lost 0.1% as the euro fell 0.5% to $1.1208/EUR and the yen was little changed at ¥119.72/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Retail, Financial, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.34%) was a positive influence on the major averages and financials were also on the rise as the Bank Index ($BKX +1.20%) and Broker/Dealer Index ($XBD +0.51%) both posted gains. The Biotechnology Index ($BTK +2.59%) outpaced the Networking Index ($NWX +1.70%) and the Semiconductor Index ($SOX +1.00%) as the tech sector saw unanimous gains. Energy-related shares rose as the Oil Services Index ($OSX +2.22%) and Integrated Oil Index ($XOI +1.27%) both ratcheted higher, and the Gold & Silver Index ($XAU +0.95%) also finished higher.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +1.20%) rallied near its all-time high.
Oil Services |
$OSX |
222.79 |
+4.83 |
+2.22% |
+5.65% |
Integrated Oil |
$XOI |
1,409.92 |
+17.73 |
+1.27% |
+4.58% |
Semiconductor |
$SOX |
702.13 |
+6.93 |
+1.00% |
+2.22% |
Networking |
$NWX |
384.44 |
+6.44 |
+1.70% |
+7.40% |
Broker/Dealer |
$XBD |
192.56 |
+0.97 |
+0.51% |
+4.29% |
Retail |
$RLX |
1,153.18 |
+15.24 |
+1.34% |
+11.66% |
Gold & Silver |
$XAU |
72.47 |
+0.68 |
+0.95% |
+5.36% |
Bank |
$BKX |
75.09 |
+0.89 |
+1.20% |
+1.12% |
Biotech |
$BTK |
3,990.38 |
+100.64 |
+2.59% |
+16.03% |
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Rallied Toward Prior Highs Following Earnings News
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Nxp Semiconductors N V (NXPI +$3.24 or +3.22% to $103.98) posted a gain with above average volume, rallying near its 52-week high after finding support near its 50-day moving average (DMA) line. It reported earnings +38% on sales revenues +18% for the Mar '15 quarter. Little overhead supply remains through the $108 level which may act as resistance. A subsequent volume-driven breakout to new highs may trigger a new technical buy signal. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
NXPI was last shown in this FSU section on 4/16/15 with annotated graphs under the headline, "Forming New Base Above 50-Day Moving Average Line". It gapped up for a considerable gain and new all-time high on 3/02/15 news it will acquire Freescale Semiconductor Inc (FSL) in an $11.8 Billion deal. It traded up as much as +41.9% since first highlighted in yellow with a pivot point based on its 11/28/14 high plus 10 cents in the 1/05/15 mid-day report (read here).
Fundamentals remain strong through the Mar '15 quarter with earnings above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history is a good match the investment system guidelines. The number of top-rated funds owning its shares rose from 683 in Mar '14 to 987 in Mar '15, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 96 Group Relative Strength Rating and leadership from others in the industry group is a reassuring sign concerning the L criteria. It completed a Secondary Offering on 5/14/14 and earlier Secondary Offerings on 2/04/13, 3/08/13, 9/13/13, and 12/10/13.
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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 |
AKAM
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NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$76.43
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+1.19
1.58% |
$76.62
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1,334,407 89.86% of 50 DAV
50 DAV is 1,485,000
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$77.31 -1.14%
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4/20/2015
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$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 5/6/2015 6:46:00 PM
G - Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. See the latest FSU analysis for more details and new annotated graphs. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015
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C
A N
S L
I M
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AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$72.07
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-1.21
-1.65% |
$74.55
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1,313,494 82.04% of 50 DAV
50 DAV is 1,601,000
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$77.80 -7.37%
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5/1/2015
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$75.99
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PP = $77.49
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MB = $81.36
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Most Recent Note - 5/5/2015 6:01:32 PM
Y - Pulled back today, and it reversed into the red on the prior session after touching a new 52-week high. Highlighted in yellow and pivot point is cited based on its 3/31/15 high plus 10 cents. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. Found support when recently consolidating above its 50 DMA line ($70.29) defining important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
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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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$53.70
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-0.10
-0.19% |
$55.15
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164,105 67.26% of 50 DAV
50 DAV is 244,000
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$55.36 -3.00%
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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 - 5/6/2015 6:48:30 PM
G - Volume totals have been cooling while consolidating, extended from its prior base. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015
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C
A N
S L
I M
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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$65.60
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+0.35
0.54% |
$66.99
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485,996 109.21% of 50 DAV
50 DAV is 445,000
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$70.49 -6.94%
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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 - 5/7/2015 9:01:51 PM
G - Undercut its 50 DMA line today then found prompt support and rebounded to finish in the upper third of its intra-day trading range.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015
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C
A N
S L
I M
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FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$154.82
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+1.46
0.95% |
$155.90
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389,870 66.62% of 50 DAV
50 DAV is 585,200
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$165.67 -6.55%
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5/1/2015
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$155.23
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PP = $160.50
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MB = $168.53
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Most Recent Note - 5/6/2015 10:14:00 AM
G - Color code is changed to green after slumping below support at its 50 DMA line ($154.73) with today's 4th consecutive loss raising concerns. Only a prompt rebound above the 50 DMA line would help its outlook improve. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015
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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 |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$39.02
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+0.09
0.23% |
$39.45
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33,529 108.16% of 50 DAV
50 DAV is 31,000
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$41.41 -5.77%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 5/6/2015 6:53:43 PM
Y - Recent slump below its pivot point raised concerns. Pulling back after triggering a technical buy signal on 4/28/15 with a gain above its pivot point backed by +47% above average volume. Consolidating near its 50 DMA line ($38.62) which defines near-term support. Disciplined investors always limit losses if a stock falls more than -7% from their purchase price. Annual earnings (A criteria) have not been strong and steady.
>>> FEATURED STOCK ARTICLE : Distributional Action Today and Annual Earnings History a Concerrn - 4/27/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
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$165.10
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+2.04
1.25% |
$167.03
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205,466 73.38% of 50 DAV
50 DAV is 280,000
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$174.83 -5.57%
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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 - 5/5/2015 6:03:56 PM
G - Damaging loss today with above average volume violated its 50 DMA line triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Found Support Again at 50-Day Moving Average Line - 4/24/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$103.98
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+3.24
3.22% |
$104.80
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4,499,574 121.48% of 50 DAV
50 DAV is 3,704,000
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$108.50 -4.17%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 5/8/2015 6:45:39 PM
Y - Rose further above its 50 DMA line with a gain today on higher volume. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$151.10
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+1.69
1.13% |
$152.99
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817,254 56.09% of 50 DAV
50 DAV is 1,457,000
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$158.24 -4.51%
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3/27/2015
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$146.44
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PP = $149.45
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MB = $156.92
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Most Recent Note - 5/5/2015 6:07:51 PM
Y - Slumped below prior highs in the $150 area, testing near important support at its 50 DMA line ($145.43). Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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C
A N
S L
I M
|
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$97.71
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+0.64
0.66% |
$98.50
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3,027,645 62.27% of 50 DAV
50 DAV is 4,862,000
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$102.77 -4.92%
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5/1/2015
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$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 5/5/2015 6:06:23 PM
Y - Sputtered to a close just below its 50 DMA line ($95.08) while building on a riskier "late-stage" base pattern and its color code is changed to green. Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal. Reported earnings +85% on +58% sales revenues for the Mar '15 quarter, continuing its streak of quarterly comparisons with earnings well above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015
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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 |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$221.88
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+3.63
1.66% |
$222.67
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1,282,841 49.49% of 50 DAV
50 DAV is 2,592,000
|
$227.76 -2.58%
|
1/5/2015
|
$144.84
|
PP = $149.90
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MB = $157.40
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Most Recent Note - 5/7/2015 8:58:15 PM
G - Perched near all-time highs after 4 consecutive volume-driven gains. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015
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C
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,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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