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AFTER MARKET UPDATE - MONDAY, NOVEMBER 17TH, 2014
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DOW |
+13.01 |
17,647.75 |
+0.07% |
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Volume |
672,916,050 |
-2% |
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Volume |
1,557,375,800 |
-4% |
NASDAQ |
-17.54 |
4,671.00 |
-0.37% |
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Advancers |
1,382 |
43% |
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Advancers |
941 |
33% |
S&P 500 |
+1.50 |
2,041.32 |
+0.07% |
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Decliners |
1,736 |
54% |
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Decliners |
1,827 |
64% |
Russell 2000 |
-9.57 |
1,164.23 |
-0.82% |
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52 Wk Highs |
155 |
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52 Wk Highs |
83 |
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S&P 600 |
-6.35 |
673.01 |
-0.93% |
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52 Wk Lows |
42 |
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52 Wk Lows |
62 |
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Major Averages Ended Mixed With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices were little changed on Monday's session. The Dow rose 13 points to 17,647. The S&P 500 gained a point to close at a record high of 2,041. The NASDAQ fell 18 points to 4671. Monday's volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 9-7 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 47 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 42 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 Dow Jones Industrial Average rose to its second-best close of all-time.
The major averages finished mixed as investors weighed global growth concerns against M&A activity. Stocks opened lower after data showed Japan’s economy slipped into recession. Shares of Baker Hughes (BHI +8.92%) rose after Halliburton (HAL -10.62%) agreed to buy its rival for $34.6 billion. Allergan (AGN +5.31%) rose after Activis (ACT +1.71%) said it would acquire the Botox maker for $66 billion.
On the U.S. economic front, industrial production declined -0.1% in October while activity in the Fed's New York district rose less-than-expected this month. The market pared its losses after ECB President Mario Draghi told European lawmakers that the central bank remains committed to providing additional stimulus measures to bolster the region's growth if warranted.
Public Service Enterprises (PEG +2.48%) rose while utilities and consumer staples were the best performing sectors. Tyson Foods (TSN +5.83%) rallied after posting quarterly profits above estimates.
Treasuries declined with the 10-year note down 5/32 to yield 2.34%. In commodities, WTI crude oil fell -0.4% to $75.52/barrel on the NYMEX. COMEX gold was essentially unchanged at $1,185.80/ounce.
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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Biotech and Gold & Silver Index Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Weakness in the Retail Index ($RLX -0.63%) and small losses in financial shares created a drag on the major averages. The Broker/Dealer Index ($XBD -0.97%) outpaced the Bank Index ($BKX -0.11%) to the downside. Energy-related shares fell as the Integrated Oil Index ($XOI -0.78%) and the Oil Services Index ($OSX -0.32%) lost ground. The Semiconductor Index ($SOX -0.47%) and Networking Index ($NWX -0.26%) suffered small losses while the Biotechnology Index ($BTK +0.25%) eked out a small gain. The Gold & Silver Index ($XAU +1.58%) was a standout gainer.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX -0.47%) is consolidating above its 50-day and 200-day moving average (DMA) lines and perched -2.6% off its 2014 high.
Oil Services |
$OSX |
242.91 |
-0.78 |
-0.32% |
-13.56% |
Integrated Oil |
$XOI |
1,427.10 |
-11.23 |
-0.78% |
-5.06% |
Semiconductor |
$SOX |
642.55 |
-3.01 |
-0.47% |
+20.10% |
Networking |
$NWX |
336.61 |
-0.88 |
-0.26% |
+3.91% |
Broker/Dealer |
$XBD |
175.35 |
-1.73 |
-0.97% |
+9.21% |
Retail |
$RLX |
972.57 |
-6.19 |
-0.63% |
+3.49% |
Gold & Silver |
$XAU |
71.94 |
+1.12 |
+1.58% |
-14.51% |
Bank |
$BKX |
72.63 |
-0.08 |
-0.11% |
+4.87% |
Biotech |
$BTK |
3,262.72 |
+8.27 |
+0.25% |
+40.01% |
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Consolidating Back Below "Max Buy" Level
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Baidu Inc. (BIDU -$5.55 or -2.22% to $244.15) is consolidating below its "max buy" level and its color code was changed to yellow. Prior highs near $230 define near-term support to watch on pullbacks. Its last appearance in this FSU section was on 10/30/14 with annotated graphs under the headline, "Technical Breakout on Triple Average Volume Following Strong Earnings", after highlighted in yellow with pivot point cited based on its 9/19/14 high plus 10 cents in the earlier mid-day report (read here). It rallied to a new 52-week high with 3 times average volume, and the strong finish clinched a convincing technical buy signal. No resistance remains due to overhead supply.
BIDU reported earnings +28% on +52% sales revenues for the Sep '14 quarter, marking its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Not long ago it rebounded with volume-driven gains after a recent dip below its 50-day moving average (DMA) line toward prior highs and its 200 DMA line.
The high-ranked Internet - Content firm has a great annual earnings (A criteria) track record. It was dropped from the Featured Stocks list on 8/06/11, and subsequently went through a long and deep consolidation below its 200 DMA line before rebounding. Return On Equity reported at 34% helps, as that is well above the 17% minimum guideline. The number of top-rated funds owning its shares rose from 1,114 in Mar '14 to 1,275 in Sep '14, so investors have a reassuring sign concerning the I criteria.
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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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$247.94
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+4.17
1.71% |
$255.51
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16,697,670 695.74% of 50 DAV
50 DAV is 2,400,000
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$254.41 -2.54%
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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 - 11/17/2014 12:15:21 PM
Y - Announced plans to acquire Allergan (AGN) for $66 Billion. Its 50 DMA line ($238.67) defines support where a violation 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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$52.61
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+0.13
0.25% |
$53.21
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1,028,627 104.85% of 50 DAV
50 DAV is 981,000
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$53.80 -2.21%
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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 - 11/14/2014 6:16:10 PM
G - Posted a 5th consecutive gain today on near average volume, finishing near its 52-week high. Recent lows near $42 and its 50 DMA line 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
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$186.78
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-1.98
-1.05% |
$191.34
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929,165 76.47% of 50 DAV
50 DAV is 1,215,000
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$197.64 -5.49%
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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 - 11/14/2014 6:14:22 PM
Y - Pulled back today on higher volume but below average volume, still trading above its pivot point and below 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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$244.15
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-5.55
-2.22% |
$250.00
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4,374,649 114.01% of 50 DAV
50 DAV is 3,837,000
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$251.99 -3.11%
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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 - 11/17/2014 5:17:44 PM
Y - Pulled back below its "max buy" level and its color code was changed to yellow. Prior highs near $230 define near-term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Back Below "Max Buy" Level - 11/17/2014
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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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$49.69
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+0.05
0.10% |
$50.03
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455,075 108.87% of 50 DAV
50 DAV is 418,000
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$50.00 -0.62%
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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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$74.24
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-0.64
-0.85% |
$75.66
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28,669,425 73.43% of 50 DAV
50 DAV is 39,042,000
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$81.16 -8.53%
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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 - 11/14/2014 6:09:43 PM
G - Recent gains have lacked volume conviction and it 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following Violation 50-Day Average Acted as Resistance - 11/14/2014
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C
A N
S L
I M
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FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$147.75
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+1.03
0.70% |
$149.07
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590,309 83.26% of 50 DAV
50 DAV is 709,000
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$153.52 -3.76%
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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 - 11/14/2014 6:21:27 PM
Y - Consolidating 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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$182.91
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+2.41
1.34% |
$184.40
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1,301,341 102.47% of 50 DAV
50 DAV is 1,270,000
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$197.37 -7.33%
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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 - 11/17/2014 5:44:13 PM
Y - Managed a "positive reversal" today. Consolidating above its pivot point and below its "max buy" level. Previously noted - "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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$36.88
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-0.61
-1.63% |
$37.72
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71,025 87.69% of 50 DAV
50 DAV is 81,000
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$38.18 -3.40%
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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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$109.35
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-1.43
-1.29% |
$112.11
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1,216,924 55.40% of 50 DAV
50 DAV is 2,196,700
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$111.45 -1.88%
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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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$47.57
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-0.81
-1.67% |
$48.31
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728,460 127.58% of 50 DAV
50 DAV is 571,000
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$54.05 -11.99%
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10/27/2014
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$46.40
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PP = $47.81
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MB = $50.20
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Most Recent Note - 11/17/2014 5:48:09 PM
G - Down today for another loss on higher volume and above average volume, a sign of distributional pressure. Testing support at prior highs in the $47 area and its 50 DMA line ($46.36) on pullbacks.
>>> FEATURED STOCK ARTICLE : Loss on Heavy Volume a Sign of Distributional Pressure - 11/12/2014
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C
A N
S L
I M
|
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$104.42
|
+0.66
0.64% |
$106.50
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23,423 90.09% of 50 DAV
50 DAV is 26,000
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$109.44 -4.59%
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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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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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