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AFTER MARKET UPDATE - WEDNESDAY, JULY 7TH, 2021
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +104.42 34,681.79 +0.30% Volume 886,685,724 -12% Volume 4,555,388,400 +3%
NASDAQ +1.77 14,665.41 +0.01% Advancers 1,542 48% Advancers 1,471 35%
S&P 500 +14.59 4,358.13 +0.34% Decliners 1,672 52% Decliners 2,783 65%
Russell 2000 -21.66 2,252.85 -0.95% 52 Wk Highs 211   52 Wk Highs 154  
S&P 600 -8.68 1,341.03 -0.64% 52 Wk Lows 38   52 Wk Lows 113  

Nasdaq Composite Index Lagged as Major Indices Posted Gains

The Dow rose 104 points, while the S&P 500 gained 0.3%, rebounding to a new all-time high after snapping a seven-session winning streak on Tuesday. The tech-heavy Nasdaq Composite finished marginally higher to a fresh record level as growth-oriented shares continued to receive a boost from suppressed Treasury yields. The volume totals reported were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and by a decisive 2-1 margin on the Nasdaq exchange. There were 55 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 40 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 (M criteria) are in an uptrend. Investors are reminded to always make buying and selling decisions on case-by-case basis under the strict criteria and rules of the fact-based investment system.

Chart courtesy of www.stockcharts.com
PICTURED: The S&P 500 index found support at its 50-day moving average (DMA) line an has risen to a new record high. 

U.S. stocks ended higher on Wednesday as investors assessed the Federal Reserve’s June meeting minutes. The release showed officials remained patient while debating the possibility of tapering their asset purchases, as the U.S. economy continues to make progress towards the committee’s standard of “substantial further progress.” The minutes also noted some participants believed conditions that would warrant reducing the central bank’s support may come earlier than previously anticipated. 

Treasuries advanced, with the yield on the 10-year note falling four basis points to 1.32%, sliding to its lowest level since February on its seventh consecutive daily decline. The yield on the 30-year bond retreated five basis points to 1.94%. On the data front, the Jobs Openings and Labor Turnover Survey (JOLTS) showed available positions climbed slightly to a record high of 9.2 million jobs in May, as April’s reading was downwardly revised. In commodities, WTI crude fell 1.9% to $72.00/barrel as OPEC+ production talks remained at a standstill.

Eight of 11 S&P 500 sectors closed in positive territory, with Materials and Industrials pacing the gains. Mega-cap names also outperformed, with Amazon (AMZN +0.57%) and Microsoft (MSFT +0.82%) each rising to fresh record highs. In corporate news, elevator-maker Otis Worldwide and home appliance manufacturer Whirlpool (WHR +2.35%) each climbed more than 2% following positive analyst comments.

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.


Retail Index Rose While Financial, Energy, and Tech Indices Fell

The Broker/Dealer Index ($XBD -0.73%) and Bank Index ($BKX -0.38%) both lost ground while the Retail Index ($RLX +0.57%) posted a small gain. The Semiconductor Index ($SOX -1.42%) outpaced the Biotech Index ($BTK -0.48%) to the downside and the Networking Index ($NWX -0.14%) ended slightly lower. The Oil Services Index ($OSX -2.15%) and Integrated Oil Index ($XOI -2.10%) both lost ground while the Gold & Silver Index ($XAU +0.04%) finished flat.

  Chart courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK -0.48%) is consolidating above its 50-day and 200-day moving average (DMA) lines.
 

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  60.72 -1.33 -2.15% +36.97%
Integrated Oil $XOI  1,095.10 -23.50 -2.10% +38.19%
Semiconductor $SOX  3,260.93 -47.00 -1.42% +16.65%
Networking $NWX  853.43 -1.23 -0.14% +19.01%
Broker/Dealer $XBD  463.05 -3.42 -0.73% +22.63%
Retail $RLX  4,172.27 +23.74 +0.57% +17.09%
Gold & Silver $XAU  142.59 +0.06 +0.04% -1.11%
Bank $BKX  122.12 -0.47 -0.38% +24.73%
Biotech $BTK  5,869.41 -28.57 -0.48% +2.27%


Quietly Consolidating Below "Max Buy" Level

Crocs, Inc (CROX -$0.82 or -0.72% to $112.81) trading volume totals have been lackluster while consolidating back below its "max buy" level and its color code was changed to yellow. Prior highs in the $109 area define initial support above its 50-day moving average (DMA) line ($105.87). More damaging losses would raise concerns and trigger technical sell signals.

CROX was highlighted in yellow in the 4/27/21 mid-day report (read herewith new pivot point cited based on its 3/15/21 high plus 10 cents. It was last shown in this FSU section on 5/28/21 with an annotated graph under the headline, "Encountered Distributional Pressure Late This Week". 

Bullish action came after it reported Mar '21 quarterly earnings +577% on +64% sales revenues versus the year ago period, its 3rd strong quarterly comparison after some negative comparisons. Annual earnings (A criteria) growth has been strong and steady following losses in FY '15 and '16. CROX has the highest possible Earnings Per Share Rating of 99.

The high-ranked Apparel - Shoes & Rel Mfg firm saw the number of top-rated funds owning its shares rise from 438 in Jun '20 to 601 in Jun '21, a reassuring sign of institutional buying demand (I criteria). Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. Its Accumulation/Distribution Rating is C- and Timeliness Rating is A, and its Sponsorship Rating is C. Its small supply of only 65.4 million shares outstanding can contribute to greater volatility in the event of institutional buying or selling.

Chart courtesy of www.stockcharts.com

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 ABCB ABCB - NASDAQ
Ameris Bancorp
BANKING - Regional - Mid-Atlantic Banks  
$48.40 -0.48
-0.98%

$49.19

474,193
110.02% of 50 DAV
50 DAV is 431,000
$59.85
-19.13%
5/21/2021 $58.86 PP = $57.91
MB = $60.81
Most Recent Note - 7/7/2021 3:03:20 PM
Slumping further with today's 3rd consecutive loss and it will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line (54.28) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Still Sputtering After Damaging Losses Triggered Sell Signal - 6/29/2021
 |  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 SIVB SIVB - NASDAQ
S V B Financial Group
BANKING - Regional - Pacific Banks  
$551.64 +1.63
0.30%

$556.46

285,098
74.44% of 50 DAV
50 DAV is 383,000
$608.84
-9.39%
4/23/2021 $579.70 PP = $577.16
MB = $606.02
Most Recent Note - 7/6/2021 5:56:22 PM
G - With today's volume-driven loss it slumped further below its 50 DMA line ($570) which recently has acted as resistance. A rebound above the 50 DMA line is needed for its outlook to improve. Confirming gains above the pivot point backed by at least +40% above average volume are still needed to help clinch a convincing technical buy signal. Reported earnings +293% on +64% sales revenues for the Mar '21 quarter versus the year ago period, its 3rd strong comparison. Completed a new Public Offering on 3/24/21.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Distributional Pressure - 6/25/2021
 |  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 LOGI LOGI - NASDAQ
Logitech Intl Sa
COMPUTER HARDWARE - Computer Peripherals  
$126.83 +2.66
2.14%

$128.42

869,958
102.71% of 50 DAV
50 DAV is 847,000
$140.17
-9.52%
5/26/2021 $119.13 PP = $120.34
MB = $126.36
Most Recent Note - 7/7/2021 3:15:27 PM
G - Color code is changed to green after rising back above its "max buy" level with today's 3rd consecutive gain. Halted its slide after slumping near prior highs in the $120-117 area which define important support to watch along with its 50 DMA line ($119.56).
>>> FEATURED STOCK ARTICLE : Recent Pullback is Testing Important Technical Support - 7/2/2021
 |  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 CROX CROX - NASDAQ
Crocs Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$112.81 -0.82
-0.72%

$114.22

842,963
47.17% of 50 DAV
50 DAV is 1,787,000
$118.68
-4.95%
6/14/2021 $112.64 PP = $110.01
MB = $115.51
Most Recent Note - 7/7/2021 5:33:05 PM
Y - Color code is changed to yellow as volume totals have been light while it pulled back below its "max buy" level. Its prior highs in the $109 area and its 50 DMA line ($105.87) define support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Below "Max Buy" Level - 7/7/2021
 |  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 RCKY RCKY - NASDAQ
Rocky Brands Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$48.15 -3.79
-7.30%

$51.81

155,320
176.50% of 50 DAV
50 DAV is 88,000
$69.00
-30.22%
5/5/2021 $61.65 PP = $61.55
MB = $64.63
Most Recent Note - 7/7/2021 2:49:56 PM
Suffering a 2nd consecutive big volume-driven loss today violating the prior low ($50.52 on 5/19/21) triggering a more worrisome technical sell signal. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Still Sputtering After Slump Below 50-Day Moving Average - 6/7/2021
 |  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
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 CRL CRL - NYSE
Charles River Labs Intl
DRUGS - Biotechnology  
$383.18 +5.73
1.52%

$384.30

302,960
43.22% of 50 DAV
50 DAV is 701,000
$378.99
1.11%
6/9/2021 $345.91 PP = $349.23
MB = $366.69
Most Recent Note - 7/2/2021 4:18:16 PM
G - Color code is changed to green while there was below average volume behind recent gains as it wedged above its "max buy" level. Prior highs in the $349 area and its 50 DMA line ($342) define near-term support to watch on pullbacks. Two of the past 3 quarterly comparisons through Mar '21 have been above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Building New Base After Strong Quarterly Earnings Report - 6/9/2021
 |  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 GNRC GNRC - NYSE
Generac Hldgs Inc
Electrical-Power/Equipmt  
$432.77 +3.42
0.80%

$440.00

739,898
96.34% of 50 DAV
50 DAV is 768,000
$433.41
-0.15%
6/8/2021 $348.46 PP = $342.38
MB = $359.50
Most Recent Note - 7/6/2021 5:54:07 PM
G - Volume was +27% above average behind today's gain for yet another new all-time high, getting more extended from the previously noted base. Prior high ($364) defines initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Gap Up Gain With +118% Above Average Volume - 6/8/2021
 |  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 CAMT CAMT - NASDAQ
Camtek Ltd
ELECTRONICS - Scientific and Technical Instrum  
$35.47 -0.49
-1.36%

$36.58

217,332
69.88% of 50 DAV
50 DAV is 311,000
$40.47
-12.35%
4/28/2021 $35.03 PP = $35.34
MB = $37.11
Most Recent Note - 7/7/2021 3:07:24 PM
Y - Quietly consolidating near prior highs in the $35-36 area. Its 50 DMA line ($34.50) defines important near-term support to watch where any violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Perched at 52-Week High After 4th Consecutive Gain - 6/1/2021
 |  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 ASML ASML - NASDAQ
A S M L Holding N.V. NY
ELECTRONICS - Semiconductor Equipment and Mate  
$690.18 +4.31
0.63%

$695.72

440,505
58.19% of 50 DAV
50 DAV is 757,000
$710.97
-2.92%
5/25/2021 $669.59 PP = $675.75
MB = $709.54
Most Recent Note - 7/7/2021 3:05:18 PM
Y - Still stubbornly holding its ground after encountering distributional pressure. The prior high ($675) and its 50 DMA line ($668) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume Higher While Pulling Back Toward 50-Day Moving Average - 7/1/2021
 |  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 BRKS BRKS - NASDAQ
Brooks Automation
ELECTRONICS - Semiconductor Equipment and Mate  
$88.43 -1.90
-2.10%

$91.62

826,353
84.24% of 50 DAV
50 DAV is 981,000
$108.72
-18.66%
4/5/2021 $99.31 PP = $91.88
MB = $96.47
Most Recent Note - 7/7/2021 2:57:01 PM
Its 50 DMA line ($96) acted as resistance. On track today for a 6th consecutive loss, and it will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line is needed for its outlook to improve. Slumping near the recent low ($86.12 on 5/12/21) where a violation would trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line and Prior High - 6/3/2021
 |  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
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 OPY OPY - NYSE
Oppenheimer Holdings Inc
FINANCIAL SERVICES - Investment Brokerage - Regiona  
$47.08 -1.62
-3.33%

$48.64

127,290
116.78% of 50 DAV
50 DAV is 109,000
$55.75
-15.55%
6/7/2021 $48.74 PP = $52.55
MB = $55.18
Most Recent Note - 7/7/2021 3:01:40 PM
Down again today for a big loss after it violated its 50 DMA line ($49.84) on the prior session triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. It will be dropped from the Featured Stocks list tonight. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Abrupt Slump Back Into Latest Base With 2 Volume-Driven Losses - 6/18/2021
 |  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 MED MED - NYSE
Medifast Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$288.27 +4.15
1.46%

$288.66

73,708
60.42% of 50 DAV
50 DAV is 122,000
$336.99
-14.46%
5/11/2021 $285.72 PP = $279.56
MB = $293.54
Most Recent Note - 7/7/2021 3:09:36 PM
G - Quietly consolidating after undercutting the prior high in the $279 area and finding support near its 50 DMA line ($286). More damaging losses below the prior low ($258.77 on 6/17/21) would raise greater concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Halted 10-Session Losing Streak Near Prior High and 50 DMA - 6/15/2021
 |  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 CLFD CLFD - NASDAQ
Clearfield Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment  
$37.53 -0.66
-1.73%

$38.60

80,550
61.02% of 50 DAV
50 DAV is 132,000
$43.64
-14.00%
6/4/2021 $40.01 PP = $40.36
MB = $42.38
Most Recent Note - 7/6/2021 5:46:25 PM
G - Posted a gain today with lighter than average volume. Consolidating above its 50 DMA line ($37.17) has helped its outlook improve, but it still faces some resistance due to overhead supply up to the $43 level. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Helped Outlook - 6/30/2021
 |  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 POOL POOL - NASDAQ
Pool Corp
WHOLESALE - Basic Materials Wholesale  
$470.32 +5.79
1.25%

$472.33

283,728
114.41% of 50 DAV
50 DAV is 248,000
$470.15
0.04%
6/21/2021 $455.09 PP = $449.54
MB = $472.02
Most Recent Note - 7/6/2021 5:51:52 PM
Y - Volume totals have been cooling while hovering near its 52-week high. Prior highs in the $449-444 range define initial support to watch above its 50 DMA line ($438) on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume-Driven Breakout After Orderly Consolidation - 6/21/2021
 |  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 FSBW FSBW - NASDAQ
F S Bancorp
Banks-West/Southwest  
$68.47 -1.33
-1.91%

$69.71

9,257
57.86% of 50 DAV
50 DAV is 16,000
$73.62
-7.00%
5/18/2021 $70.16 PP = $73.72
MB = $77.41
Most Recent Note - 7/6/2021 12:39:25 PM
Y - Encountering distributional pressure today and while recently perched within striking distance of the pivot point cited based on its 3/08/21 high plus 10 cents. Consolidating near its 50 DMA line ($69.97) where it found prompt support during its ongoing ascent. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Still Consolidating With Close Striking Distance of All-Time High - 6/24/2021
 |  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
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 SMPL SMPL - NASDAQ
Simply Good Foods Co
Food-Confectionery  
$37.26 +0.21
0.57%

$37.49

613,314
114.21% of 50 DAV
50 DAV is 537,000
$38.50
-3.22%
12/28/2020 $30.40 PP = $31.44
MB = $33.01
Most Recent Note - 7/7/2021 3:13:40 PM
G - Holding its ground stubbornly with volume totals cooling after hitting a new all-time high on 7/01/21 when last noted. Prior highs in the $35 area define near-term support to watch along with its 50 DMA line ($34.96). Reported May '21 quarterly earnings +65% on +32% sales revenues versus the year ago period, well above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Simply Wedging Into New High Territory - 6/14/2021
 |  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 SHOP SHOP - NYSE
Shopify Inc Cl A
Computer Sftwr-Enterprse  
$1,520.22 -17.81
-1.16%

$1,587.74

1,662,166
111.26% of 50 DAV
50 DAV is 1,494,000
$1,552.23
-2.06%
7/2/2021 $1,468.00 PP = $1,552.23
MB = $1,629.84
Most Recent Note - 7/7/2021 1:04:06 PM
Y - Reversed into the red today after hitting a new high. A new pivot point was recently cited based on its 6/21/21 high while building on a cup-with-high-handle base. Confirming gains with at least +40% above average volume for new highs would trigger a new (or add-on) technical buy signal and be a reassuring sign of fresh institutional buying demand.
>>> FEATURED STOCK ARTICLE : Rebounding After Choppy 4-Month Consolidation - 6/16/2021
 |  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 YETI YETI - NYSE
Yeti Holdings Inc
Leisure-Products  
$92.19 +0.33
0.36%

$92.97

429,296
28.70% of 50 DAV
50 DAV is 1,496,000
$95.76
-3.73%
5/13/2021 $84.20 PP = $90.65
MB = $95.18
Most Recent Note - 7/2/2021 3:51:03 PM
Y - Volume totals have been cooling while consolidating near its 52-week high. The 50 DMA line ($88.81) and prior low ($85.08 on 6/18/21) define near-term support to watch on pullbacks. Reported Mar 21 quarterly earnings +245% on +42% sales revenues versus the year ago period, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Finding Support at 50-Day Moving Average - 6/4/2021
 |  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 DOCU DOCU - NASDAQ
Docusign Inc
Computer Sftwr-Enterprse  
$288.94 +0.76
0.26%

$293.65

3,061,800
98.55% of 50 DAV
50 DAV is 3,107,000
$293.61
-1.59%
7/6/2021 $288.96 PP = $290.33
MB = $304.85
Most Recent Note - 7/7/2021 12:29:45 PM
Y - Wedging into new high territory with today's gain backed by above average volume. Highlighted in yellow with pivot point cited based on its 9/02/20 high plus 10 cents. A gain and strong close above the pivot point cited backed by at least +40% above average volume may trigger a convincing new (or add-on) technical buy signal. Fundamentals remain strong after reporting very strong Apr '21 quarterly results. It went through a choppy consolidation then rebounded since noted on 3/03/21 when dropped from the Featured Stocks list. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Touched New High With Average Volume Behind Today's Gain - 7/6/2021
 |  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 MRBK MRBK - NASDAQ
Meridian Corp
Banks-Northeast  
$25.49 -0.74
-2.82%

$26.30

24,804
59.06% of 50 DAV
50 DAV is 42,000
$29.18
-12.65%
5/18/2021 $25.58 PP = $28.06
MB = $29.46
Most Recent Note - 7/6/2021 5:27:58 PM
G - Color code is changed to green as it churned average volume today while consolidating in a tight range but now below its 50 DMA line ($26.53). Stalled since reaching a new 52-week high when featured on 5/18/21. Reported Mar '21 earnings +323% on +93% sales revenues versus the year ago period, continuing its strong earnings track record. Recent low ($24.01 on 4/21/21) defines important near-term support where any violation may trigger a worrisome technical sell signal. Its Relative Strength Rating is 77, below the 80 minimum guideline.
>>> FEATURED STOCK ARTICLE : Stalled Yet Found Support at 50-Day Moving Average Line - 6/11/2021
 |  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
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 JEF JEF - NYSE
Jefferies Financial Grp
Finance-Invest Bnk/Bkrs  
$32.66 -0.75
-2.24%

$33.51

2,251,284
111.84% of 50 DAV
50 DAV is 2,013,000
$34.98
-6.63%
6/28/2021 $31.81 PP = $34.42
MB = $36.14
Most Recent Note - 7/6/2021 5:49:44 PM
Y - Holding its ground well but it has suffered 4 consecutive small losses since a considerable gap up for a big volume-driven gain noted on 6/29/21. The bullish action came after it reported May '21 quarterly earnings +713% on +70% sales revenues versus the year ago period, continuing its strong earnings rack record. Previously noted - "Subsequent gains above the pivot point backed by at least +40% above average volume are necessary to trigger a technical buy signal. The past 3 quarterly comparisons through Feb '21 showed strong earnings increases with solid sales revenues growth. Annual earnings history (the A criteria) has been strong."
>>> FEATURED STOCK ARTICLE : High-Ranked Financial Firm Formed "Double Bottom" Base - 6/28/2021
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StockCharts.com Latest Chart for CLAR CLAR - NASDAQ
Clarus Corporation
Leisure-Products  
$27.15 +0.11
0.41%

$27.95

205,258
88.09% of 50 DAV
50 DAV is 233,000
$27.44
-1.06%
5/12/2021 $21.40 PP = $19.73
MB = $20.72
Most Recent Note - 7/2/2021 12:15:57 PM
G - Perched at its 52-week high today after 4 consecutive gains. It did not form a sound base of sufficient length. Its 50 DMA line ($22.62) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Recent Rally - 6/17/2021
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StockCharts.com Latest Chart for AVTR AVTR - NYSE
Avantor Inc
Medical-Research Eqp/Svc  
$35.72 -0.48
-1.33%

$36.42

2,700,799
66.74% of 50 DAV
50 DAV is 4,047,000
$36.31
-1.62%
6/10/2021 $32.94 PP = $34.09
MB = $35.79
Most Recent Note - 7/6/2021 5:52:54 PM
G - Color code is changed to green after quietly rising back above its "max buy" level. Stubbornly held its ground and made gradual progress since triggering a technical buy signal. Prior highs in the $33 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Medical Research Firm Challenging Prior High - 6/10/2021
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