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AFTER MARKET UPDATE - MONDAY, NOVEMBER 23RD, 2015
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DOW |
-31.13 |
17,792.68 |
-0.17% |
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Volume |
844,524,390 |
-12% |
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Volume |
1,534,682,240 |
-5% |
NASDAQ |
-2.44 |
5,102.48 |
-0.05% |
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Advancers |
1,584 |
52% |
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Advancers |
1,576 |
56% |
S&P 500 |
-2.58 |
2,086.59 |
-0.12% |
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Decliners |
1,460 |
48% |
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Decliners |
1,257 |
44% |
Russell 2000 |
+5.21 |
1,180.36 |
+0.44% |
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52 Wk Highs |
80 |
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52 Wk Highs |
69 |
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S&P 600 |
+2.47 |
698.36 |
+0.35% |
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52 Wk Lows |
115 |
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52 Wk Lows |
76 |
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Major Averages Erased Modest Gains and Ended Slightly Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks retreated mildly on Monday. The Dow was off 31 points to 17792. The S&P 500 lost 2 points to 2086. The NASDAQ declined 2 points to 5102. Volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 5-4 margin on the Nasdaq exchange and by an even narrower margin on the NYSE. There were 62 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 64 on the prior session. There were gains for 9 of the 11 high-ranked companies currently on the Featured Stocks Page. New 52-week lows still outnumbered new 52-week highs on both the Nasdaq exchange and on the NYSE. PICTURED: The Nasdaq Composite Index is consolidating -2.5% off its all-time high, above its 200-day moving average (DMA) line and 50 DMA lines.
All three major averages (M criteria) showed impressive strength and rebounded above their respective 200 DMA lines while leadership (stocks hitting new highs) improved. New buying efforts may only be considered in stocks meeting all key criteria.The major averages fluctuated after posting their best gains of the year last
week. In economic news, preliminary manufacturing data showed a
steeper-than-expected decline in November. A separate report showed existing
home sales fell by 3.4% in October versus an expected 2.7% decrease. A low
supply in houses on the market was cited for the shortfall.
In M&A, Pfizer (PFE -2.64%) after coming to terms on a takeover
deal with Allergan (AGN -3.44%). In earnings, GameStop (GME -4.20%) fell as its
quarterly results fell short of consensus estimates. Tyson Foods (TSN +10.17%)
rose after posting better-than-expected revenue numbers. Mallinckrodt (MNK
+8.36%) after strong beats on both the top and bottom line.
Six out of ten sectors in the S&P 500 traded lower on the session.
Consumer staples and energy shares outperformed while utilities sold off.
Treasuries were little changed with the benchmark 10-year note adding 3/32 to
yield 2.25%. WTI crude was off 0.1% to $41.85/barrel despite the Saudi
government pledging to work with other oil producers to stabilize prices. In the
metals complex, copper and nickel prices fell to six and ten year lows,
respectively. In Forex, the dollar was modestly higher. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Biotech, Networking, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.97%) had a positive bias on Monday, meanwhile losses for the Broker/Dealer Index ($XBD -0.90%) and the Bank Index ($BKX-0.40%) created a drag on the major averages. The Semiconductor Index ($SOX -1.29%) fell while the Networking Index ($NWX +0.47%) and the Biotechnology Index ($BTK +1.19%) both rose. Energy-related shares had a positive bias as the Oil Services Index ($OSX +0.89%) and the Integrated Oil Index ($XOI +0.48%) both ended higher, meanwhile the Gold & Silver Index ($XAU -0.80%) fell. PICTURED: The Retail Index ($RLX +0.97%) rebounded toward its prior high after finding recent support at its 50-day moving average (DMA) line.
Oil Services |
$OSX |
175.20 |
+1.55 |
+0.89% |
-16.92% |
Integrated Oil |
$XOI |
1,183.56 |
+5.69 |
+0.48% |
-12.21% |
Semiconductor |
$SOX |
657.18 |
-8.58 |
-1.29% |
-4.32% |
Networking |
$NWX |
393.17 |
+1.83 |
+0.47% |
+9.84% |
Broker/Dealer |
$XBD |
183.81 |
-1.67 |
-0.90% |
-0.45% |
Retail |
$RLX |
1,302.26 |
+12.54 |
+0.97% |
+26.10% |
Gold & Silver |
$XAU |
44.42 |
-0.35 |
-0.78% |
-35.42% |
Bank |
$BKX |
75.61 |
-0.30 |
-0.40% |
+1.82% |
Biotech |
$BTK |
3,785.48 |
+44.40 |
+1.19% |
+10.07% |
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Volume-Driven Gain For Second Best Close
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stamps.Com Inc (STMP +$3.14 or +3.18% to $101.85) rose today with above average volume for its best close since its big "breakaway gap" on 10/28/15. Disciplined investors avoid chasing extended stocks. It has been consolidating since last shown in this FSU section with an annotated graph on 11/06/15 under the headline, "Big Breakaway Gap With Heavy Volume Following Earnings News". It was highlighted in yellow with pivot point cited based on its 8/19/15 high plus 10 cents in the earlier mid-day report (read here). Nearly 8 times average volume was behind its considerable "breakaway gap". Breakaway gaps are one noted exception where chasing a stock more than +5% above prior highs is permitted under the fact-based investment system guidelines, but risk increases the further above prior highs one makes any purchases. Bullish action came after it reported earnings +61% on +37% sales revenues for the Sep '15 quarter, well above the +25% minimum guideline (C criteria), continuing its strong earnings history matching the fact-based investment system's winning models. Earnings rose +44%, +76%, and 61% in the Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +32%, +41%, and +37% during that same span. It has earned an Earnings Per Share Rating of 99, putting it in the top 1% of all publicly traded stocks based on its earnings history over the past 5 years. The Retail - Internet firm has other strong leaders in the group confirming the L criteria, as the group has an A+ Group Relative Strength Rating. Its annual earnings (A criteria) history has shown strong and steady increases since FY '09 following a couple of flat years. The number of top-rated funds owning its shares rose from 232 in Dec '14 to 309 in Sep '15, a reassuring sign concerning the I criteria. Its small supply of only 16.5 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Charts courtesy www.stockcharts.com
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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 |
PNFP
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$54.48
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+0.16
0.29% |
$54.77
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82,681 48.07% of 50 DAV
50 DAV is 172,000
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$57.99 -6.05%
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11/6/2015
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$56.34
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PP = $55.58
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MB = $58.36
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Most Recent Note - 11/19/2015 5:21:08 PM
Y - Still sputtering and slumping back into the prior base. Its 50 DMA line ($51.74) defines the next important support level. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 |
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News |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$56.42
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+0.29
0.52% |
$56.58
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85,684 45.34% of 50 DAV
50 DAV is 189,000
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$58.58 -3.69%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 11/19/2015 5:22:46 PM
G - Extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
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C
A
S
I |
MANH
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$74.49
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+0.77
1.04% |
$75.11
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542,205 101.54% of 50 DAV
50 DAV is 534,000
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$76.49 -2.61%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 11/23/2015 5:11:15 PM
G - Color code is changed to green after rallying back above its "max buy" level. Prior highs in the $69 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/18/2015 |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$60.97
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-0.74
-1.20% |
$62.22
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76,675 98.30% of 50 DAV
50 DAV is 78,000
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$66.29 -8.03%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 11/23/2015 5:12:39 PM
G - Still consolidating above its "max buy" level. Prior highs in the $57 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$101.85
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+3.14
3.18% |
$102.25
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385,948 137.35% of 50 DAV
50 DAV is 281,000
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$106.43 -4.30%
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11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 11/23/2015 5:09:44 PM
G - Volume-driven gain today for its 2nd best close. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain For Second Best Close - 11/23/2015 |
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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 |
ULTI
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NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$199.52
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-3.00
-1.48% |
$203.50
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190,826 73.68% of 50 DAV
50 DAV is 259,000
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$216.27 -7.74%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 11/18/2015 5:20:58 PM
Y - Posted a gain today with +52% above average volume. Prior highs in the $195 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Following Big Breakout Volume Totals Have Cooled - 11/16/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$170.84
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+0.33
0.19% |
$173.00
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725,563 99.12% of 50 DAV
50 DAV is 732,000
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$176.77 -3.35%
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10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 11/20/2015 5:34:20 PM
G - Rebounded above its 50 DMA line this week after finding support near its 200 DMA line. Little resistance remains due to overhead supply up through the $176 level. Fundamental concerns remain after the Sep '15 quarter earnings were below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Gains on Light Volume Before Decisive Drop on Heavy Volume - 11/13/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
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$59.04
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+0.65
1.11% |
$60.22
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410,456 92.65% of 50 DAV
50 DAV is 443,000
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$61.75 -4.39%
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9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 11/18/2015 1:03:38 PM
G - Pulling back after getting extended from its prior base. Prior highs in the $56 area acted as support during its brief consolidation above its 50 DMA line ($53.32). See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
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$75.89
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+0.11
0.15% |
$76.20
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192,689 84.51% of 50 DAV
50 DAV is 228,000
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$77.39 -1.94%
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10/22/2015
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$66.65
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PP = $68.95
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MB = $72.40
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Most Recent Note - 11/20/2015 5:38:11 PM
G - Posted another gain with above average volume. It has been stubbornly holding its ground above its "max buy" level, extended from prior highs in the $68 area. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$16.99
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+0.18
1.07% |
$17.00
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10,238 60.22% of 50 DAV
50 DAV is 17,000
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$17.95 -5.35%
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11/4/2015
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$17.00
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PP = $18.05
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MB = $18.95
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Most Recent Note - 11/23/2015 5:13:59 PM
Y - Finished near the session high today. Found support above its 50 DMA line last week. Still has not produced the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Support This Week Above 50-Day Moving Average - 11/20/2015 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
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$43.46
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+0.90
2.11% |
$44.14
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315,149 76.68% of 50 DAV
50 DAV is 411,000
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$55.45 -21.62%
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10/23/2015
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$42.12
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PP = $44.85
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MB = $47.09
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Most Recent Note - 11/20/2015 5:36:52 PM
G - Halted its slide with a gain today at its 50 DMA line after 3 consecutive losses with heavy volume. Its slump below prior highs in the $44 area raised concerns while negating its recent breakout.
>>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 |
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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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