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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 21ST, 2024
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DOW |
+461.88 |
43,870.35 |
+1.06% |
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Volume |
953,159,874 |
+7% |
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Volume |
7,515,058,000 |
+4% |
NASDAQ |
+6.28 |
18,972.42 |
+0.03% |
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Advancers |
2,147 |
79% |
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Advancers |
2,815 |
66% |
S&P 500 |
+31.59 |
5,948.70 |
+0.53% |
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Decliners |
586 |
21% |
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Decliners |
1,439 |
34% |
Russell 2000 |
+38.48 |
2,364.01 |
+1.65% |
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52 Wk Highs |
238 |
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52 Wk Highs |
203 |
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S&P 600 |
+24.32 |
1,492.33 |
+1.66% |
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52 Wk Lows |
53 |
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52 Wk Lows |
159 |
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Major Indices Rose With Greater Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (+0.5%), Dow Jones Industrial Average (+1.1%), and Russell 2000 (+1.7%) closed near their best levels of the session. The Nasdaq Composite trailed its peers and finished virtually unchanged. Volume totals reported were higher than the prior session total on the NYSE and on the Nasdaq exchange, indicative of increasing institutional conviction on the buy side. Advancers led decliners by almost a 4-1 margin on the NYSE and by a 2-1 margin on the Nasdaq exchange. Leadership expanded as there were 104 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 38 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Nasdaq Composite Index was little changed on Thursday, lagging its peers.
Stocks shifted back into rally-mode. NVIDIA (NVDA +0.53%) initially traded lower due to profit-taking activity and due to a slight deceleration in its revenue growth rate. The report was solid overall, though, and the company said demand for its Blackwell chip is "staggering." Deere & Co. (DE +8.1%) posted a standout gain. The communication services sector was the worst performer (-1.7%) due to a big loss in Alphabet (GOOG -4.6%) after reports that the DOJ is pushing for a forced sale of Chrome and potentially Android. Nine out of the 11 S&P 500 sectors higher. Five sectors were higher by 1.0% or more, led by utilities (+1.8%), financials (+1.3%), consumer staples (+1.2%), and industrials (+1.2%).
There was a stronger-than-expected Existing Home Sales report for October (3.96 mln), which followed another decrease in weekly jobless claims (to 213,000 form 219,000), and a disappointing Philadelphia Fed Survey (-5.5). The 10-yr yield settled three basis points higher at 4.43% and the 2-yr yield settled four basis points higher at 4.35%.
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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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Financial, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.51%) outpaced the Broker/Dealer Index ($XBD +0.62%) as financial sprovided a positive influence on then major averages, however, the Retail Index ($RLX -0.91%) lost ground and created a drag. The tech sector was had a positive bias as the Semiconductor Index ($SOX +1.61%), Networking Index ($NWX +1.90%), and the Biotech Index ($BTK +0.99%) posted unanimous gains. Commodity-linked groups also had a positive bias as the Gold & Silver Index ($XAU +1.16%) and Oil Services Index ($OSX +2.46%) both posted solid gains and the Integrated Oil Index ($XOI +0.27%) also edged higher.
PICTURED: The Semiconductor Index ($SOX +1.61%) posted a gain on Thursday, rebounding toward its 200-day and 50-day moving average (DMA) lines. It has been sputtering since July 2024 when it hit its all-time high.
Oil Services |
$OSX |
80.18 |
+1.92 |
+2.46% |
-4.41% |
Integrated Oil |
$XOI |
1,965.20 |
+5.51 |
+0.28% |
+5.52% |
Semiconductor |
$SOX |
4,963.05 |
+78.81 |
+1.61% |
+18.86% |
Networking |
$NWX |
1,172.96 |
+21.89 |
+1.90% |
+40.84% |
Broker/Dealer |
$XBD |
847.00 |
+5.21 |
+0.62% |
+51.98% |
Retail Index |
$RLX |
4,853.77 |
-44.68 |
-0.91% |
+24.82% |
Gold & Silver |
$XAU |
153.41 |
+1.75 |
+1.15% |
+22.05% |
Bank |
$BKX |
135.31 |
+2.01 |
+1.51% |
+40.92% |
Biotech |
$BTK |
5,738.52 |
+55.97 |
+0.98% |
+5.90% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
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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 |
USLM
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NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$150.43
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+10.56
7.55% |
$151.47
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147,615 202.21% of 50 DAV
50 DAV is 73,000
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$146.70 2.54%
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9/17/2024
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$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 11/21/2024 1:52:06 PM
G - Hitting yet another new all-time high with today's big gain. Held its ground stubbornly following a noted spurt of volume-driven gains. Its 50 DMA line ($109) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$98.41
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+1.16
1.19% |
$99.24
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222,698 31.77% of 50 DAV
50 DAV is 701,000
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$99.32 -0.92%
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6/11/2024
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$59.76
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PP = $64.33
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MB = $67.55
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Most Recent Note - 11/19/2024 3:46:29 PM
G - On track today for a 2nd consecutive gain with light volume. Perched near its all-time high, stubbornly holding its ground while very extended from any sound base. Bullish action has come after it reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Extended From Base After Streak of Gains for New Highs - 11/8/2024 |
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C
A
S
I |
TXRH
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NASDAQ
Texas Roadhouse
Retail-Restaurants
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$192.54
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-0.87
-0.45% |
$194.56
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468,856 64.94% of 50 DAV
50 DAV is 722,000
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$203.32 -5.30%
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7/26/2024
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$173.08
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PP = $175.82
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MB = $184.61
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Most Recent Note - 11/18/2024 3:31:08 PM
G - Volume totals have still been cooling while hovering near its all-time high. Its 50 DMA line ($181) and prior highs in the $177-180 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
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C
A
S
I |
HWM
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NYSE
Howmet Aerospace
Aerospace/Defense
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$116.98
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-1.12
-0.95% |
$119.28
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2,557,435 111.78% of 50 DAV
50 DAV is 2,288,000
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$118.20 -1.03%
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7/30/2024
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$93.95
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PP = $85.52
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MB = $89.80
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Most Recent Note - 11/18/2024 3:29:27 PM
G - Hovering near its all-time high, extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($102.75) define near-term support levels to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$36.21
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+1.43
4.11% |
$36.29
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103,471 112.47% of 50 DAV
50 DAV is 92,000
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$35.00 3.46%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 11/21/2024 1:54:23 PM
G - Hitting another new all-time high with today's 5th consecutive gain, getting very extended from any sound base. Prior high in the $30 area defines initial support to watch above its 50 DMA line ($29).
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 |
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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 |
CLS
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NYSE
Celestica
Elec-Contract Mfg
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$91.56
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+4.58
5.27% |
$93.15
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3,352,224 149.59% of 50 DAV
50 DAV is 2,241,000
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$88.68 3.25%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 11/21/2024 12:23:57 PM
G - Today's 4th consecutive gain has it hitting another new all-time high, very extended from any sound base. Its 50 DMA line ($64) and prior highs in the $63 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$36.48
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+0.05
0.14% |
$37.00
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305,723 94.07% of 50 DAV
50 DAV is 325,000
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$37.00 -1.41%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 11/19/2024 3:42:17 PM
G - Extended from any sound base and posting a 3rd consecutive gain today. Held its ground after spiking higher on 11/13/24 when it reported Sep '24 quarterly earnings +67% on +52% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
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$243.48
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+1.93
0.80% |
$243.63
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290,225 27.54% of 50 DAV
50 DAV is 1,054,000
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$260.49 -6.53%
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10/25/2024
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$256.64
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PP = $255.28
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MB = $268.04
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Most Recent Note - 11/18/2024 5:17:30 PM
G - Rebounded toward its 50 DMA line ($242.64) which may act as resistance. Losses last week violated its 50 DMA line triggering a technical sell signal. A prompt rebound is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$88.70
|
+1.41
1.62% |
$89.30
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243,029 65.51% of 50 DAV
50 DAV is 371,000
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$92.93 -4.55%
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10/30/2024
|
$83.34
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PP = $80.28
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MB = $84.29
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Most Recent Note - 11/21/2024 1:53:05 PM
G - Posting a gain today with light volume. Prior highs in the $80 area define initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$135.07
|
+0.07
0.05% |
$135.83
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996,580 121.68% of 50 DAV
50 DAV is 819,000
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$137.44 -1.72%
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11/19/2024
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$134.41
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PP = $136.23
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MB = $143.04
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Most Recent Note - 11/19/2024 9:00:56 PM
Y - Finished strong today with above average volume behind its 4th consecutive gain. Color code was changed to yellow with pivot point cited based on its 10/15/24 high plus 10 cents. Found support recently at its 50 DMA line ($127.73). Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. Reported earnings +36% on +37% sales revenues for the Sep '24 quarter versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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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 |
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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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