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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 13TH, 2014
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DOW |
+40.59 |
17,652.79 |
+0.23% |
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Volume |
690,407,490 |
-2% |
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Volume |
1,713,671,820 |
+6% |
NASDAQ |
+5.01 |
4,680.14 |
+0.11% |
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Advancers |
1,095 |
34% |
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Advancers |
954 |
33% |
S&P 500 |
+1.08 |
2,039.33 |
+0.05% |
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Decliners |
1,996 |
62% |
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Decliners |
1,889 |
64% |
Russell 2000 |
-11.05 |
1,175.42 |
-0.93% |
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52 Wk Highs |
198 |
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52 Wk Highs |
153 |
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S&P 600 |
-5.93 |
680.13 |
-0.86% |
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52 Wk Lows |
71 |
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52 Wk Lows |
64 |
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Major Averages Ended Off Session Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow finished up 40 points to 17,652. The S&P 500 climbed a point to 2,039. The NASDAQ gained 5 points to 4,680. The volume totals were reported mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by about a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 98 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 75 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 12 high-ranked companies currently on the Featured Stocks Page. Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria.
PICTURED: The S&P 500 Index hit a new all-time high but ended the session virtually unchanged.
The major averages advanced as investors weighed corporate activity against declining oil prices. Six of the 10 S&P 500 sectors were lower on the session. Energy was down the most after an unexpected jump in U.S. oil inventories sent WTI crude oil tumbling -3.7% on the NYMEX to $74.36 a barrel. Shares of Exxon (XOM -1.5%) fell. Consumer stocks limited losses as Wal-Mart (WMT +4.2%) rose after topping quarterly estimates. With earnings season unofficially concluding, Bloomberg data showed that 80% of S&P 500 companies exceeded earnings estimates and 60% beat sales projections. In M&A news, Baker Hughes (BHI +19.8%) on reports that Halliburton (HAL ) may acquire the company.
On the economic front, weekly jobless claims rose by 12,000 to 290,000 last week. A separate gauge showed the most new jobs were created last week since 2007. Central bank commentary was also in focus. Regional Fed President Kocherlakota said it may be inappropriate to raise rates in 2015.
Treasuries gained after a $16 billion auction of 30-year bonds. The 10-year note rose 7/32 to yield 2.35%.
Large gains on 10/21/14 backed by higher volume totals while leadership (stocks hitting new 52-week highs) expanded met the definition of a "follow-through day" confirming a new uptrend for the market (M criteria). The S&P 500 Index, Nasdaq Composite Index, and the Dow Jones Industrial Average have collectively rebounded above their respective 50-day and 200-day moving average (DMA) lines, technically putting the market in a healthier stance.
The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic 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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Retail Index Rose While Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.41%) posted a modest gain which had a positive influence on the major averages. Financial shares had a slightly negative bias as the Bank Index ($BKX -0.42%) and the Broker/Dealer Index ($XBD -0.17%) edged lower. The Networking Index ($NWX -1.15%) led the tech sector lower while the Biotechnology Index ($BTK -0.24%) finished with a smaller loss and the Semiconductor Index ($SOX +0.01%) finished flat. Commodity-linked groups were weak as the Integrated Oil Index ($XOI -1.81%), Oil Services Index ($OSX -1.16%), and the Gold & Silver Index ($XAU -1.49%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -0.42%) is consolidating after rebounding near its 2014 highs from a deep pullback below its 50-day and 200-day moving average (DMA) lines.
Oil Services |
$OSX |
241.97 |
-2.84 |
-1.16% |
-13.90% |
Integrated Oil |
$XOI |
1,424.08 |
-26.19 |
-1.81% |
-5.26% |
Semiconductor |
$SOX |
639.80 |
+0.04 |
+0.01% |
+19.58% |
Networking |
$NWX |
332.28 |
-3.88 |
-1.15% |
+2.57% |
Broker/Dealer |
$XBD |
177.34 |
-0.30 |
-0.17% |
+10.45% |
Retail |
$RLX |
974.26 |
+3.99 |
+0.41% |
+3.67% |
Gold & Silver |
$XAU |
66.70 |
-1.01 |
-1.49% |
-20.74% |
Bank |
$BKX |
72.87 |
-0.31 |
-0.42% |
+5.21% |
Biotech |
$BTK |
3,330.46 |
-8.09 |
-0.24% |
+42.91% |
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Finished Near Session Low With Small Gain on Light Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$1.74 or +1.68% to $105.41) hit a new all-time high today but finished near the session low with a small gain on light volume. It has been getting extended from any sound base. Disciplined investors avoid chasing extended stocks more the +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price. Its 50-day moving average (DMA) line ($100.71) defines near-term support to watch where a subsequent violation would trigger a technical sell signal. Prior notes cautioned members - "Volume totals cooled in recent weeks, a sign that few investors have headed for the exit, however it has not formed a sound base."
PANW was last shown in this FSU section with annotated graphs on 10/28/14 under the headline, "Rebound and Rally Leaves Tech Firm Extended From Base". When last shown, the Computer Software - Security firm had an Earnings Per Share (EPS) Rating of 80, and it had reported (on 9/09/14) earnings +57% on +59% sales revenues for the Jul '14 quarter continuing its record of strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. Although it is unclear what caused its EPS rating to fall to 72 (see red circle) from 80 in recent weeks, members are reminded that the fact-based investment system suggests only buying stocks with an 80+ minimum EPS rating.
Its annual earnings (A criteria) history is a bit limited, but growth has been strong since its July 2012 IPO at $42. The number of top-rated funds owning its shares rose from 246 in Jun '13 to 435 in Sep '14, a reassuring sign concerning the I criteria. Its small supply (S criteria) of 66.7 million shares in the public float is another favorable characteristic. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days.
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts. G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE (%Change) |
Day High |
Volume (% DAV) (% 50 day avg vol) |
52 Wk Hi % From Hi |
Featured Date |
Price Featured |
Pivot Featured |
Max Buy |
ACT
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NYSE
Actavis plc
Medical-Generic Drugs
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$241.63
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+1.01
0.42% |
$246.25
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2,198,411 92.29% of 50 DAV
50 DAV is 2,382,000
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$254.41 -5.02%
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6/20/2014
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$216.53
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PP = $230.87
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MB = $242.41
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Most Recent Note - 11/12/2014 1:05:02 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level. Recent lows near $208 define initial support to watch below its nearby 50 DMA line ($237.90) where damaging violations would raise concerns.
>>> FEATURED STOCK ARTICLE : New Highs Following Deep "V" Shaped Pullback - Not a Sound Base - 11/6/2014
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$52.16
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+0.42
0.81% |
$53.80
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889,890 91.65% of 50 DAV
50 DAV is 971,000
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$53.50 -2.50%
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10/17/2014
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$45.24
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PP = $46.02
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MB = $48.32
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Most Recent Note - 11/11/2014 6:15:32 PM
G - Holding its ground after rallying back toward its 52-week high. Found prompt support at its 50 DMA line following an analyst downgrade. Recent lows near $42 define important near-term support.
>>> FEATURED STOCK ARTICLE : 50-Day Average Acted as Support Following Analyst Downgrade - 11/5/2014
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C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$193.59
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-0.10
-0.05% |
$194.96
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636,872 52.07% of 50 DAV
50 DAV is 1,223,000
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$197.64 -2.05%
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10/23/2014
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$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 11/12/2014 1:07:08 PM
Y - Stubbornly holding its ground near its 52-week high and near its "max buy" level. Prior highs in the $180 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : New High Close With Gain on Light Volume - 11/10/2014
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C
A N
S L
I M
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BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$244.09
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-5.73
-2.29% |
$251.99
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3,301,258 86.99% of 50 DAV
50 DAV is 3,795,000
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$251.65 -3.00%
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10/30/2014
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$234.08
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PP = $231.51
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MB = $243.09
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Most Recent Note - 11/10/2014 5:43:52 PM
G - Color code is changed to green after a big gain today on slightly above average volume for a new all-time high above its "max buy" level. Prior highs near $230 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout on Triple Average Volume Following Strong Earnings - 10/30/2014
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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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$49.17
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+1.38
2.89% |
$49.19
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507,955 124.19% of 50 DAV
50 DAV is 409,000
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$50.00 -1.66%
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10/23/2014
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$45.21
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PP = $46.09
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MB = $48.39
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Most Recent Note - 11/13/2014 6:06:17 PM
G - Rallied with +24% above average volume today for a new high close. Color code is changed to green after rising above its "max buy" level. Prior highs in the $44 area defining initial support above its 50 DMA line ($43.12).
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Following Technical Breakout - 11/11/2014
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C
A N
S L
I M
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Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE (%Change) |
Day High |
Volume (% DAV) (% 50 day avg vol) |
52 Wk Hi % From Hi |
Featured Date |
Price Featured |
Pivot Featured |
Max Buy |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$74.25
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-0.47
-0.63% |
$75.24
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26,413,535 67.30% of 50 DAV
50 DAV is 39,246,000
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$81.16 -8.51%
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9/9/2014
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$76.67
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PP = $76.84
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MB = $80.68
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Most Recent Note - 11/10/2014 5:47:51 PM
G - Encountered resistance at its 50 DMA line following a violation on 3 times average volume on 10/29/14 that raised concerns and triggered a technical sell signal.
>>> FEATURED STOCK ARTICLE : Gapped Down Following Latest Strong Earnings Report - 10/29/2014
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C
A N
S L
I M
|
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$147.66
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+0.26
0.18% |
$149.32
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303,755 42.31% of 50 DAV
50 DAV is 718,000
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$153.52 -3.82%
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10/31/2014
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$148.50
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PP = $146.29
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MB = $153.60
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Most Recent Note - 11/10/2014 5:50:08 PM
Y - Holding its ground stubbornly with volume totals cooling after highlighted in yellow in the 10/31/14 mid-day report (read here) clinching a convincing technical buy signal. It remains trading above its pivot point and below its "max buy" level.
>>> FEATURED STOCK ARTICLE : Strong Finish Following Gap Up After Earnings News - 10/31/2014
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$185.00
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-1.92
-1.03% |
$191.62
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1,197,063 96.38% of 50 DAV
50 DAV is 1,242,000
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$197.37 -6.27%
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10/22/2014
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$188.77
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PP = $182.27
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MB = $191.38
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Most Recent Note - 11/12/2014 1:09:12 PM
Y - Still consolidating above its pivot point and below its "max buy" level. Prior highs near $182 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Which Define Initial Support - 11/7/2014
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C
A N
S L
I M
|
NBCB
-
NASDAQ
First N B C Bank Hldg
Banks-Southeast
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$37.66
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-0.29
-0.76% |
$38.18
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67,224 80.03% of 50 DAV
50 DAV is 84,000
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$38.14 -1.26%
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10/31/2014
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$36.31
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PP = $35.93
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MB = $37.73
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Most Recent Note - 11/13/2014 12:24:15 PM
G - Touching another new 52-week high today, rising further above its "max buy" level. Held its ground stubbornly following a streak of volume-driven gains. No resistance remains due to overhead supply. Prior highs near $34 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Financial Firm at 52-Week High Tallied 8th Consecutive Gain - 11/3/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$109.60
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+0.71
0.65% |
$111.45
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1,324,820 60.12% of 50 DAV
50 DAV is 2,203,800
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$110.16 -0.51%
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7/30/2014
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$84.21
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PP = $85.88
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MB = $90.17
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Most Recent Note - 11/13/2014 6:00:37 PM
G - Hit a new all-time high today but finished near the session low with a small gain on light volume. Its 50 DMA line ($100.71) defines near-term support to watch. It has not formed a sound base. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Finished Near Session Low With Small Gain on Light Volume - 11/13/2014
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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 |
SNCR
-
NASDAQ
Synchronoss Technologies
COMPUTER SOFTWARE andamp; SERVICES - Application Software
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$47.96
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-1.35
-2.74% |
$50.04
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745,705 133.64% of 50 DAV
50 DAV is 558,000
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$54.05 -11.27%
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10/27/2014
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$46.40
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PP = $47.81
|
MB = $50.20
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Most Recent Note - 11/12/2014 5:51:44 PM
G - Gapped down today for a loss on higher volume, a sign of distributional pressure. Prior highs in the $47 area define initial support to watch above its 50 DMA line ($46.17) on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Loss on Heavy Volume a Sign of Distributional Pressure - 11/12/2014
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A N
S L
I M
|
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$103.24
|
+0.24
0.23% |
$105.10
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27,726 106.64% of 50 DAV
50 DAV is 26,000
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$109.44 -5.67%
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9/19/2014
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$86.06
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PP = $89.97
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MB = $94.47
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Most Recent Note - 11/13/2014 12:44:03 PM
G - Still stubbornly holding its ground near its 52-week high, possibly forming an advanced "3-weeks tight" base. Prior highs in the $88 area coincide with its 50 DMA line ($88.50) defining important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Stock With Small Supply Quickly Got Extended From Prior Base - 11/4/2014
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A N
S L
I M
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
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