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AFTER MARKET UPDATE - FRIDAY, AUGUST 19TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-45.13 |
18,552.57 |
-0.24% |
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Volume |
824,578,720 |
+12% |
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Volume |
1,504,191,200 |
+1% |
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NASDAQ |
-1.77 |
5,238.38 |
-0.03% |
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Advancers |
1,188 |
40% |
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Advancers |
1,369 |
47% |
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S&P 500 |
-3.15 |
2,183.87 |
-0.14% |
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Decliners |
1,753 |
60% |
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Decliners |
1,521 |
53% |
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Russell 2000 |
-0.08 |
1,236.77 |
-0.01% |
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52 Wk Highs |
112 |
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52 Wk Highs |
119 |
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S&P 600 |
+0.04 |
748.85 |
+0.01% |
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52 Wk Lows |
9 |
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52 Wk Lows |
20 |
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Major Averages Remain Perched Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was down 0.1%, the S&P slipped less than 0.1%, and the Nasdaq gained 0.1%. Stocks finished lower on Friday. The Dow was down 45 points to 18552. The S&P 500 lost 3 points to 2183 and the Nasdaq Composite fell 1 point to 5238. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 3-2 margin on the NYSE and by a 7-6 margin on the Nasdaq exchange. There were 40 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 41 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The S&P 500 Index is consolidating near its record high after rallying above its 2015 peak.
Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). See the Featured Stocks Pagewhich now lists a few noteworthy candidates that have made headway. The major averages declined on the session Friday amid speculation on the timing of an interest rate increase. According to Bloomberg data, futures are currently pricing 52.4% probability of a rate hike by December, 5% above odds on Thursday morning. In Fed news, San Francisco Fed President John Williams stated Thursday afternoon that the central bank should move to raise rates “sooner rather than later.” Seven of 10 sectors in the S&P 500 finished in negative territory. In M&A news, Emerson Electric (EMR -3.09%) fell after the company agreed to acquire Pentair Plc’s (PNR -1.11%) valves and controls business for $3.15 billion. Estee Lauder (EL -3.54%) fell as the cosmetics maker’s revenue missed estimates. In the consumer space, Gap (GPS +3.90%) was higher as the apparel retailer’s profit beat Wall Street expectations. Foot Locker (FL +11.04%) rallied after reporting a 4.7% increase in same-store sales. Deere & Co (DE +13.49%) rose as the company raised its full-year profit forecast. Treasuries declined with the benchmark 10-year note down 13/32 to yield 1.58%. In commodities, NYMEX WTI crude gained 0.6% to $48.52/barrel. COMEX gold fell 0.8% to $1340.40/ounce. In FOREX, the Dollar Index advanced 0.3%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Semiconductor and Networking Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups fell as the Oil Services Index ($OSX -0.90%) and Integrated Oil Index ($XOI -0.81%) edged lower and the Gold & Silver Index ($XAU -2.74%) posted a larger loss. The Broker/Dealer Index ($XBD -0.04%), Bank Index ($BKX +0.18%) and the Retail Index ($RLX +0.15%) each finished slightly little changed on Friday. The tech sector was mixed as the Networking Index ($NWX +0.48%) and the Semiconductor Index ($SOX +0.87%) posted gains but the Biotechnology Index ($BTK -0.64%) fell. Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +0.18%) is consolidating above its 50-day and 200-day moving average (DMA) lines, and it faces resistance at prior highs.
| Oil Services |
$OSX |
166.30 |
-1.51 |
-0.90% |
+5.43% |
| Integrated Oil |
$XOI |
1,151.78 |
-9.43 |
-0.81% |
+7.37% |
| Semiconductor |
$SOX |
797.06 |
+6.90 |
+0.87% |
+20.13% |
| Networking |
$NWX |
394.25 |
+1.89 |
+0.48% |
+4.87% |
| Broker/Dealer |
$XBD |
166.82 |
-0.06 |
-0.04% |
-6.33% |
| Retail |
$RLX |
1,363.68 |
+2.10 |
+0.15% |
+6.25% |
| Gold & Silver |
$XAU |
107.69 |
-3.03 |
-2.74% |
+137.73% |
| Bank |
$BKX |
70.23 |
+0.12 |
+0.17% |
-3.90% |
| Biotech |
$BTK |
3,317.64 |
-21.31 |
-0.64% |
-13.01% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now! You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please. **Serious inquires only, please. |
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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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
|
$285.41
|
+0.25
0.09% |
$285.97
|
155,196
35.43% of 50 DAV
50 DAV is 438,000
|
$289.67
-1.47%
|
5/11/2016
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$248.33
|
PP = $245.00
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MB = $257.25
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Most Recent Note - 8/16/2016 7:40:00 PM
G - Volume has remained below average while recently hovering near all-time highs. Its 50 DMA line and prior highs near $268 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains Lack Great Volume While Wedging to New Highs - 7/27/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$14.91
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+0.33
2.26% |
$14.92
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48,189
50.73% of 50 DAV
50 DAV is 95,000
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$16.77
-11.09%
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7/26/2016
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$15.79
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PP = $15.74
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MB = $16.53
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Most Recent Note - 8/19/2016 5:29:30 PM
Y - Found support above its 50 DMA line ($13.99), however its slump back into the prior base raised concerns. Recent low (13.50 on 8/02/16) defines near-term support below its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$209.74
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+2.12
1.02% |
$210.73
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1,331,372
116.89% of 50 DAV
50 DAV is 1,139,000
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$217.37
-3.51%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 8/18/2016 5:25:38 PM
G - Pulled back with above average volume today. Prior highs near $186 and its 50 DMA line define important support to watch. Reported earnings +89% on +83% sales revenues for the Jun '16 quarter, continuing its strong earnings track record. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulled Back on Higher Volume Following Earnings Report - 8/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$43.55
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+0.66
1.54% |
$43.65
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115,476
52.97% of 50 DAV
50 DAV is 218,000
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$46.57
-6.48%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 8/18/2016 12:22:03 PM
G - Recently hitting new highs with considerable volume-driven gains indicative of fresh institutional buying demand. Color code was changed to green after again rallying above its "max buy" level. See the latest FSU analysis for more details and annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gains for New Highs Signal Institutional Demand - 8/17/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$18.14
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-0.04
-0.22% |
$18.25
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1,229,848
91.92% of 50 DAV
50 DAV is 1,338,000
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$22.50
-19.38%
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5/16/2016
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$19.24
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PP = $19.20
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MB = $20.16
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Most Recent Note - 8/19/2016 5:33:31 PM
G - Found support at its 200 DMA line following a gap down and big volume-driven loss on 8/09/16. More damaging losses would raise greater concerns, meanwhile, a rebound above the 50 DMA line ($19.69) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Consolidating Near Highs Above its "Max Buy" Level - 7/29/2016 |
View all notes |
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Company Profile |
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News |
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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 |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$65.13
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+0.05
0.08% |
$65.30
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429,931
208.70% of 50 DAV
50 DAV is 206,000
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$69.53
-6.33%
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5/24/2016
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$53.45
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PP = $50.68
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MB = $53.21
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Most Recent Note - 8/19/2016 12:54:47 PM
G - Found prompt support near its 50 DMA line, rallying this week with above average volume toward prior highs. Subsequent deterioration below the 50 DMA line and latest low ($59.51 on 8/16/16) would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Rallied +30% in 2 Months Since Breakout Was Featured - 7/28/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
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$62.70
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+0.13
0.21% |
$62.84
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931,117
47.01% of 50 DAV
50 DAV is 1,980,800
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$64.47
-2.75%
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6/22/2016
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$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 8/19/2016 5:27:18 PM
G - It stalled since hitting new highs on 7/28/16 with +66% above average volume following strong earnings news. Prior highs and its 50 DMA line coincide defining near-term support in the $60 area.
>>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Following Volume-Driven Gain - 8/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$33.83
|
-0.39
-1.14% |
$34.21
|
77,480
90.09% of 50 DAV
50 DAV is 86,000
|
$37.00
-8.57%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
|
Most Recent Note - 8/17/2016 12:38:03 PM
G - Perched near all-time highs after recently wedging higher. Its 50 DMA line and prior highs in the $30 coincide defining important near-term support. Reported earnings +23% on +62% sales revenues, below the +25% minimum earnings guideline (C criteria), raising concerns.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
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Company Profile |
SEC
News |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$51.26
|
-0.25
-0.49% |
$51.50
|
54,121
56.38% of 50 DAV
50 DAV is 96,000
|
$53.58
-4.33%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 8/17/2016 5:27:33 PM
Y - Still quietly sputtering above its 50 DMA line ($50.11). members were previously reminded - "A volume-driven gain and strong close above the pivot point are needed to clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents."
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$57.02
|
+0.28
0.49% |
$57.04
|
165,288
73.46% of 50 DAV
50 DAV is 225,000
|
$58.78
-2.99%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
|
Most Recent Note - 8/19/2016 5:31:27 PM
Y - Endured distributional pressure yet remains perched above its pivot point and near its 52-week high. Stalled after its 8/09/16 volume-driven gain triggered a technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Following Rebound - 8/5/2016 |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.72
|
-0.08
-0.29% |
$27.94
|
344,105
47.01% of 50 DAV
50 DAV is 732,000
|
$28.72
-3.48%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
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Most Recent Note - 8/18/2016 5:27:24 PM
Y - Managed a best-ever close with today's gain backed by below average volume while rising within close striking distance of all-time highs. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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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