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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 3RD, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+33.07 |
17,912.62 |
+0.18% |
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Volume |
756,565,760 |
-5% |
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Volume |
1,577,914,440 |
-7% |
NASDAQ |
+18.66 |
4,774.47 |
+0.39% |
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Advancers |
2,035 |
63% |
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Advancers |
1,789 |
60% |
S&P 500 |
+7.78 |
2,074.33 |
+0.38% |
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Decliners |
1,084 |
34% |
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Decliners |
1,082 |
36% |
Russell 2000 |
+10.55 |
1,179.01 |
+0.90% |
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52 Wk Highs |
194 |
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52 Wk Highs |
116 |
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S&P 600 |
+6.82 |
681.41 |
+1.01% |
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52 Wk Lows |
75 |
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52 Wk Lows |
82 |
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Major Averages Rallied With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Wednesday. The Dow climbed 32 points to 17,912. The S&P 500 advanced 7 points to 2,074. There were lighter volume totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 73 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 37 stocks. The new 52-week highs totals outnumbered new 52-week lows on both the NYSE and on the Nasdaq exchange. There were 6 gainers among the 11 high-ranked companies currently on the Featured Stocks Page. A "confirmed uptrend" for the market (M criteria) has been repeatedly noted in this daily Market Commentary since large gains were noted on 10/21/14 backed by higher volume totals as leadership (stocks hitting new 52-week highs) expanded.
PICTURED: The NASDAQ was up 18 points to 4,774. It is perched near its 2014 high after 6 consecutive weekly gains.
The major averages edged higher, as investors digested economic data. Ahead of Friday's jobs report, ADP announced that private payrolls added 208,000 jobs, which missed expectations but marked the third consecutive month of more than 200,000 additions. While Markit's gauge of manufacturing and services sentiment fell to a seven-month low, a similar measure from ISM expanded at the second-fastest pace in nine years. Turning to the Fed, the Beige Book indicated increased economic activity in all 12 Federal Reserve districts in the past two months, attributed to lower gasoline prices.
At the close 7 of the 10 sectors in the S&P 500 were in positive territory. Materials were up the most, as Monsanto (MON +1.7%) on strong soybean seed orders. Energy was another outperformer. Exxon Mobil (XOM +0.8%) edged higher in sympathy with higher oil prices. Telecom limited the advance. Verizon (VZ -0.7%) on stronger competition.
Treasuries were little changed. The 10-year note climbed 3/32 to yield 2.28%. In commodities WTI crude rebounded on the NYMEX by 0.7% to $67.37 per barrel. COMEX gold advanced +0.9% to $1,209.80 per ounce.
Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria. The 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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Commodity-Linked Groups, Financial, Networking, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a strong positive bias as the Gold & Silver Index ($XAU +3.40%) outpaced the Integrated Oil Index ($XOI +1.02%) and Oil Services Index ($OSX +2.12%) posted solid gains. Financial shares were a positive influence on the major averages as the Bank Index ($BKX +1.24%) and Broker/Dealer Index ($XBD +1.53%) both rose. The Networking Index ($NWX +1.54%) and Semiconductor Index ($SOX +2.04%) led the tech sector higher. Meanwhile, the Biotechnology Index ($BTK -0.04%) and the Retail Index ($RLX +0.01%) both finished flat.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX +1.24%) is consolidating above its 50-day moving average (DMA) line, perched within striking distance of its 2014 high.
Oil Services |
$OSX |
215.81 |
+4.48 |
+2.12% |
-23.21% |
Integrated Oil |
$XOI |
1,388.49 |
+14.34 |
+1.04% |
-7.63% |
Semiconductor |
$SOX |
695.28 |
+13.93 |
+2.04% |
+29.95% |
Networking |
$NWX |
351.32 |
+5.48 |
+1.59% |
+8.45% |
Broker/Dealer |
$XBD |
180.48 |
+2.73 |
+1.53% |
+12.41% |
Retail |
$RLX |
999.14 |
+0.05 |
+0.01% |
+6.31% |
Gold & Silver |
$XAU |
73.07 |
+2.40 |
+3.40% |
-13.17% |
Bank |
$BKX |
73.10 |
+0.60 |
+0.83% |
+5.54% |
Biotech |
$BTK |
3,450.06 |
-1.43 |
-0.04% |
+48.04% |
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Consolidating Near Prior Highs and Above 50-Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Baidu Inc. (BIDU -$3.61 or -1.54% to $231.13) is consolidating just above prior highs near $230 which closely coincide with its 50-day moving average (DMA) line defining important near-term support which. Its last appearance in this FSU section was on 11/17/14 with annotated graphs under the headline, "Consolidating Back Below "Max Buy" Level".
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). 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 1,319 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
-
NYSE
Actavis plc
Medical-Generic Drugs
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$265.84
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+1.63
0.62% |
$266.45
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2,212,568 68.91% of 50 DAV
50 DAV is 3,211,000
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$272.75 -2.53%
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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 - 12/1/2014 6:34:20 PM
G - Quietly consolidating after spiking to new 52-week highs with volume-driven gains following news it plans to acquire Allergan (AGN) for $66 Billion. Did not form a sound base, and it is extended from prior highs in the $249 area defining near-term support.
>>> FEATURED STOCK ARTICLE : Perched at Highs Following Spike on Acquisition Plans - 11/24/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
Request a new note
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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$53.51
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+1.90
3.68% |
$53.85
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1,059,359 103.45% of 50 DAV
50 DAV is 1,024,000
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$53.80 -0.54%
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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 - 12/3/2014 3:42:10 PM
G - Touching a new 52-week high with today's gain on light volume, rising from a brief consolidation, not a sound base. Prior highs near $46 coincide with its 50 DMA line defining important near-term support.
>>> FEATURED STOCK ARTICLE : No Sound Base Formed, Yet Little Resistance Remains - 11/21/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
Request a new note
C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$198.88
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-1.91
-0.95% |
$203.30
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1,128,377 97.61% of 50 DAV
50 DAV is 1,156,000
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$202.04 -1.56%
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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 - 12/2/2014 5:37:48 PM
G - Rallied to new highs today with a volume-driven gain from a brief consolidation, not a sufficient length base. Recent lows near $185 define initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near All-Time High - 11/28/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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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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$231.29
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-3.45
-1.47% |
$235.72
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3,079,097 83.15% of 50 DAV
50 DAV is 3,703,000
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$251.99 -8.21%
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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 - 12/3/2014 5:21:04 PM
Y - Consolidating near prior highs and its 50 DMA line defining important near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs and Above 50-Day Average - 12/3/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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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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$49.72
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-0.33
-0.66% |
$50.52
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225,349 55.64% of 50 DAV
50 DAV is 405,000
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$52.29 -4.91%
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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 - 12/1/2014 6:41:26 PM
G - Pulled back today on higher (but below average) volume. Prior highs in the $44 area define support along with its 50 DMA line ($45.50).
>>> FEATURED STOCK ARTICLE : Quiet Gain For New High Close - 11/26/2014
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News |
Chart |
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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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$74.88
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-0.58
-0.77% |
$75.73
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15,936,052 43.61% of 50 DAV
50 DAV is 36,541,000
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$81.16 -7.74%
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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 - 12/1/2014 6:46:27 PM
G - Its color code is changed to green after slumping back below its 50 DMA line today hurting its technical stance and near-term outlook.
>>> FEATURED STOCK ARTICLE : Following Violation 50-Day Average Acted as Resistance - 11/14/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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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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$149.27
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+2.78
1.90% |
$149.53
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429,602 56.64% of 50 DAV
50 DAV is 758,500
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$160.40 -6.94%
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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 - 12/1/2014 12:11:22 PM
Y - Color code is changed to yellow while undercutting prior highs in the $146-149 area raising concerns with a big loss today on higher volume, testing support at its 50 DMA line. More damaging losses may trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidation Continues Above Prior Highs - 11/18/2014
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C
A N
S L
I M
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ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$191.25
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+3.08
1.64% |
$191.95
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1,121,279 92.06% of 50 DAV
50 DAV is 1,218,000
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$197.37 -3.10%
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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 - 12/1/2014 6:44:33 PM
Y - Volume totals have been cooling while consolidating well above prior highs near $182 and above its 50 DMA line. Damaging losses below those levels would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Back Below "Max Buy" Level - 11/25/2014
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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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$34.65
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-0.63
-1.79% |
$35.58
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130,825 16.33% of 50 DAV
50 DAV is 801,000
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$38.18 -9.25%
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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 - 12/2/2014 12:44:50 PM
Y - Volume-driven loss on the prior session raised concerns. Undercut prior highs near $34 and its 50 DMA line briefly today then found prompt support and managed an encouraging "positive reversal". More damaging losses would raise serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Fifth Consecutive Loss While Retreating From Highs - 11/19/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$118.58
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+0.88
0.75% |
$119.50
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1,169,482 58.39% of 50 DAV
50 DAV is 2,003,000
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$123.22 -3.77%
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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 - 12/1/2014 6:36:10 PM
G - Pulled back from all-time highs with higher volume today. It did not form a sound base, and the 50 DMA line defines near-term support to watch. Reported earnings +88% on +50% sales revenues for the Oct '14 quarter. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Under Accumulation But Extended From Sound Base - 12/1/2014
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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 |
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$101.51
|
+1.51
1.51% |
$102.30
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33,107 132.43% of 50 DAV
50 DAV is 25,000
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$110.96 -8.52%
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11/20/2014
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$105.76
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PP = $109.54
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MB = $115.02
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Most Recent Note - 12/2/2014 5:39:11 PM
Y - Fell for a 5th consecutive loss on even higher volume today, a sign of distributional pressure. After forming an advanced "3-weeks tight" base it has not produced the volume-driven gains for new highs needed to trigger a new (or add-on) technical buy signal. Prior highs coincide with its 50 DMA line defining important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Formed New Advanced "3-Weeks Tight" Base - 11/20/2014
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C
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
likewise used for identification purposes only.
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