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AFTER MARKET UPDATE - MONDAY, JULY 13TH, 2015
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DOW |
+217.27 |
17,977.68 |
+1.22% |
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Volume |
735,906,550 |
+2% |
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Volume |
1,543,957,890 |
+5% |
NASDAQ |
+73.81 |
5,071.51 |
+1.48% |
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Advancers |
2,265 |
71% |
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Advancers |
2,225 |
71% |
S&P 500 |
+22.94 |
2,099.56 |
+1.10% |
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Decliners |
828 |
26% |
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Decliners |
817 |
26% |
Russell 2000 |
+13.33 |
1,265.35 |
+1.06% |
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52 Wk Highs |
115 |
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52 Wk Highs |
143 |
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S&P 600 |
+5.80 |
725.02 |
+0.81% |
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52 Wk Lows |
80 |
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52 Wk Lows |
50 |
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Indices Rallied With Greater Leadership and Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow rose 217 points to 17977. The S&P 500 gained 22 points to 2099. The NASDAQ advanced 73 points to 5071. Advancers led decliners by an 11-4 margin on the NYSE and on the Nasdaq exchange. Leadership expanded impressively as there were 108 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 37 stocks. New 52-week highs swelled and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 10 of the 12 high-ranked companies currently on the Featured Stocks Page.
The Nasdaq Composite Index's solid gain of +1.48% can be considered a follow-through day on Day 5 of a new rally attempt, confirming a new uptrend. Broad strength helped the major averages (M criteria) rebound to and above their respective 50-day moving average (DMA) lines while leadership (stocks hitting new 52-week highs) expanded impressively during Monday's session. The Dow Jones Industrial Average and S&P 500 Index both found prompt support near their respective 200 DMA lines, a reassuring sign that the institutional crowd still has an appetite for buying stocks.
Disciplined investors may now stand ready to buy only the strongest stocks meeting all of the key fundamental and technical criteria. New matches with the fact-based investment system will be added to the Featured Stocks Page as market action dictates.
PICTURED: The Dow Jones Industrial Average rallied to finish above its 50-day moving average (DMA) line after finding prompt support near its 200 DMA line. Its MACD indictor recently turned bullish.
The major averages climbed, as Greek and EU officials have finally reached a deal to aid the ailing country. The Greek parliament still needs to approve the accord.
Domestic data was light, the Treasury Department reported their monthly budget was $51.8 billion in June, topping estimates of $50.5 billion.
At the close, all 10 S&P 500 sectors were higher. Retailers lifted the consumer discretionary space as Under Armour (UA +3.61%) gained ground. Similarly, Jarden (JAH +4.72%) rallied after agreeing to acquire Waddington Group for $1.35 billion. Financials outperformed ahead of their earnings reports this week. JP Morgan (JPM +1.55%) and Bank of America (BAC +1.92%) both rose. Positive analyst commentary pushed Edwards LifeSciences (EW +3.36%) to an all-time high. In industrials, airlines headed higher, as American (AAL + 2.94%) rose. MarkWest (MWE +13.96%) benefitted energy stocks, as it rallied after agreeing to a takeover for approximately $20 billion by MPLX (MPLX -14.51%), which tumbled.
Treasuries slid lower. The 10-year note finished off 11/32 to yield 2.44%.
Commodities mostly fell. WTI crude lost 1% to $52.23/barrel. COMEX gold declined 0.1% to $1156.80/ounce. In FOREX, the dollar climbed 1.4% against the euro to $1.1007/EUR.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Widespread Gains Boosted All Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Gains from the Broker/Dealer Index ($XBD +0.88%), Bank Index ($BKX +1.15%), and the Retail Index ($RLX +1.77%) collectively had a positive influence on the major averages on Monday. The Oil Services Index ($OSX +1.11%) and the Integrated Oil Index ($XOI +0.55%) also rose. The Biotechnology Index ($BTK +1.18%), Semiconductor Index ($SOX +0.77%), and the Networking Index ($NWX +0.68%) posted unanimous gains.
PICTURED: The Gold & Silver Index ($XAU +0.81%) also ended higher, but a streak of losses recently sent it to new 2015 lows. Year-to-date it is -13.52% while sputtering in the red and clearly lagging. This argues that very few gold and silver mining-related stocks have been doing well in recent months. Meanwhile, as the table below shows, the best gains thus far into 2015 have come from the Biotech (+22.83%), Retail Index (+14.02%), and Broker/Dealer (+8.35%) indexes. The fact-based investment system requires investors to focus on only buying stocks from leading industry groups (L criteria), and never to speculate on stocks in industry groups which are currently out of favor in the marketplace.
Oil Services |
$OSX |
190.79 |
+2.09 |
+1.11% |
-9.52% |
Integrated Oil |
$XOI |
1,280.91 |
+7.03 |
+0.55% |
-4.99% |
Semiconductor |
$SOX |
663.97 |
+5.09 |
+0.77% |
-3.33% |
Networking |
$NWX |
372.14 |
+2.47 |
+0.67% |
+3.97% |
Broker/Dealer |
$XBD |
200.05 |
+1.76 |
+0.89% |
+8.35% |
Retail |
$RLX |
1,177.53 |
+20.51 |
+1.77% |
+14.02% |
Gold & Silver |
$XAU |
59.48 |
+0.47 |
+0.80% |
-13.52% |
Bank |
$BKX |
77.65 |
+0.88 |
+1.15% |
+4.57% |
Biotech |
$BTK |
4,224.13 |
+49.45 |
+1.18% |
+22.83% |
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Sputtering After Damaging 50-Day Moving Average Violation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Apogee Enterprises (APOG +$0.67 or +1.29% to $52.50) is still quietly sputtering below its 50-day moving average (DMA) line ($54.89). A rebound above the 50 DMA line is needed to help its outlook improve. Subsequent damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns.
APOG wedged higher with gains lacking great volume conviction then it encountered damaging distributional pressure since last shown in this FSU section on 6/12/15 with annotated graphs under the headline, "Extended From Prior Base and Perched at High".
APOG traded up and much as +23.1% and is still up +5.4% since highlighted in yellow with pivot point cited based on its 2/26/15 high plus 10 cents in the 4/09/15 mid-day report (read here). By comparison, the benchmark S&P 500 Index is virtually unchanged over that same timespan.
Quarterly earnings rose +80%, 50%, +67%, +42%, 74%, and +95% in the Feb, May, Aug, Nov '14, Feb and May '15 quarterly comparisons, respectively, consistently well above the +25% minimum guideline (C criteria) in the 5 latest quarterly comparisons. Following a downturn and losses for FY '11 it has been showing better annual earnings (A criteria) growth. The Bldg- Constr Prds/Misc group has shown leadership (L criteria) and has a 89 Group Relative Strength Rating.
The number of top-rated funds owning its shares rose from 272 in Jun '14 to 345 in Jun '15, a reassuring sign concerning the I criteria. But its current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under distributional pressure over the past 50 days. Its small supply of only 28.1 million shares (S criteria) in the publicly traded flat can contribute to greater volatility in the event of institutional buying or selling.
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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 |
GSBC
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NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$42.30
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+0.79
1.90% |
$42.55
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0 0.00% of 50 DAV
50 DAV is 31,000
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$42.95 -1.51%
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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 - 7/9/2015 6:24:52 PM
Y - Consolidating near prior highs in the $41 area. Its 50 DMA line ($40.41) defines important support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$109.69
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+0.00
0.00% |
$111.34
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3 0.00% of 50 DAV
50 DAV is 177,000
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$111.34 -1.48%
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6/10/2015
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$101.47
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PP = $97.78
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MB = $102.67
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Most Recent Note - 7/10/2015 3:30:41 PM
G - Hit another new high today, getting more extended from its prior base. Prior highs near $97 define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hitting New Highs and Getting More Extended From a Sound Base - 7/10/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$74.79
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+0.00
0.00% |
$74.99
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150 0.03% of 50 DAV
50 DAV is 442,000
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$74.99 -0.27%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 7/9/2015 2:34:01 PM
Y - Consolidating above 50 DMA $69.84. Negative price action on July 8th raised concerns. A of violation of the 50 DMA would raise greater concerns and trigger technical sell signals. EPAM Systems, Inc. is estimated to report earnings on 08/03/2015.
>>> FEATURED STOCK ARTICLE : 50 DMA Line Defines Support - 6/30/2015 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$219.45
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+2.28
1.05% |
$220.18
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0 0.00% of 50 DAV
50 DAV is 1,262,000
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$223.38 -1.76%
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6/8/2015
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$209.97
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PP = $213.43
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MB = $224.10
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Most Recent Note - 7/8/2015 8:27:55 PM
Y - Pulled back today with higher volume indicative of distributional pressure. Prior highs and its 50 DMA line define near-term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Still Above Near-Term Support After Pullback on Higher Volume - 7/8/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$232.32
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+0.00
0.00% |
$232.76
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470 0.03% of 50 DAV
50 DAV is 1,651,000
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$246.01 -5.56%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 7/10/2015 3:33:15 PM
G - Rebounding above its 50 DMA line with today's gain backed by light volume. Damaging losses below the recent low ($219.56 on 6/29/15) would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015 |
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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 |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$99.61
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+0.00
0.00% |
$99.73
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40,655 1.11% of 50 DAV
50 DAV is 3,675,000
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$128.06 -22.22%
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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 - 7/8/2015 8:17:41 PM
G - Still consolidating above its 50 DMA line. A subsequent violation would trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal - 6/25/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
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$80.58
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+1.02
1.28% |
$80.83
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0 0.00% of 50 DAV
50 DAV is 869,000
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$81.23 -0.80%
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5/27/2015
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$73.90
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PP = $74.19
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MB = $77.90
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Most Recent Note - 7/9/2015 6:19:23 PM
G - Color code is changed to green while trading above its "max buy" level near all-time highs. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($72.97). Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Signs of Demand With Volume-Driven Gain for New Highs - 6/19/2015 |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$51.94
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+1.75
3.49% |
$52.13
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0 0.00% of 50 DAV
50 DAV is 299,000
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$61.05 -14.92%
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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 - 7/8/2015 8:19:19 PM
G - Still sputtering below its 50 DMA line. A rebound above the 50 DMA line is needed to help its outlook improve. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 6/12/2015 |
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C
A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
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$174.49
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+2.27
1.32% |
$175.12
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0 0.00% of 50 DAV
50 DAV is 352,000
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$175.98 -0.85%
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6/4/2015
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$172.34
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PP = $174.93
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MB = $183.68
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Most Recent Note - 7/8/2015 8:31:52 PM
Y - Pulled back on lighter volume today after quietly touching a new all time high on the prior session. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal, however, broader market weakness (M criteria) is a concern.
>>> FEATURED STOCK ARTICLE : Did Not Trigger a New Technical Buy Signal - 6/29/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$163.11
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+3.20
2.00% |
$163.70
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0 0.00% of 50 DAV
50 DAV is 795,000
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$163.70 -0.36%
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5/29/2015
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$155.03
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PP = $159.95
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MB = $167.95
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Most Recent Note - 7/9/2015 2:35:57 PM
Y - Hitting new 52-week and all-time highs while rallying above its pivot point with above average volume. It is clear of resistance due to overhead supply, but broader market weakness (M criteria) remains a concern.
>>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 6/22/2015 |
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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 |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$59.60
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+1.87
3.24% |
$59.64
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0 0.00% of 50 DAV
50 DAV is 239,000
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$60.33 -1.21%
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5/26/2015
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$51.90
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PP = $57.40
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MB = $60.27
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Most Recent Note - 7/9/2015 6:20:36 PM
Y - Posted a gain today with lighter volume while rebounding above its pivot point. Its 50 DMA line and recent lows near $54 define important near-term support where subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near Highs With No Overhead Supply - 6/17/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$180.80
|
+0.00
0.00% |
$181.15
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670 0.05% of 50 DAV
50 DAV is 1,436,000
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$185.00 -2.27%
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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 - 7/10/2015 3:32:06 PM
G - Posted a 3rd consecutive gain today while consolidating above its 50 DMA line defining near-term support. Any damaging violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Higher Volume Loss a Sign of Distributional Pressure - 6/26/2015 |
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C
A
S
I |
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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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