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AFTER MARKET UPDATE - MONDAY, DECEMBER 11TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+56.87 |
24,386.03 |
+0.23% |
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Volume |
782,549,760 |
+6% |
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Volume |
1,815,062,213 |
+0% |
|
NASDAQ |
+35.00 |
6,875.08 |
+0.51% |
|
Advancers |
1,594 |
54% |
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Advancers |
1,184 |
44% |
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S&P 500 |
+8.49 |
2,659.99 |
+0.32% |
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Decliners |
1,340 |
46% |
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Decliners |
1,531 |
56% |
|
Russell 2000 |
-1.88 |
1,519.84 |
-0.12% |
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52 Wk Highs |
111 |
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52 Wk Highs |
85 |
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S&P 600 |
-2.79 |
925.32 |
-0.30% |
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52 Wk Lows |
26 |
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52 Wk Lows |
49 |
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Major Indices Notch Additional Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks ended higher Monday. The Dow gained 56 points to 24386. The S&P 500 advanced 8 points to 2659. The Nasdaq Composite added 35 points to 6875.. Volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the NYSE but decliners led advancers by a 5-4 margin on the Nasdaq exchange. There were 45 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 44 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The S&P 500 Index wedged higher to close at a new record high. Recent gains have lacked great volume conviction.
The major averages (M criteria) are in a confirmed uptrend. Investors should only consider stocks meeting all key criteria of the fact-based investment system as they trigger technical buy signals.
U.S. equities started the week off on a positive note as Technology and Energy shares lifted the markets higher. The Federal Reserve garnered attention during today’s session, as the FOMC begins its two day policy meeting tomorrow and is widely expected to hike rates for the third time this year. On the data front, a report revealed U.S. job openings unexpectedly cooled in October from a record level in the month prior.
Nine of the 11 S&P 500 sectors ended higher. Technology paced gains as Apple (AAPL +1.95%) following news the company will acquire music recognition app Shazam. Energy stocks outperformed Haliburton Co (HAL +2.66%). Discount brokers were notable decliners on the session as E-Trade (ETFC -1.47%) and Charles Schwab Corp (SCHW -1.30%). Consumer Staples lagged as Kimberly-Clark Corp (KMB -1.35%). In Telecom, Verizon (VZ +1.47%) on news they extended their partnership with the NFL. CenturyLink Inc. (CTL +8.18%) on positive analyst comments.
Treasuries were little changed Monday. The yield on the 10-year note was flat at 2.39%. In commodities, NYMEX WTI crude added 1.0% to $57.95. COMEX gold lost 0.3% $1244.20. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy, Networking and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.20%) and Bank Index ($BKX -0.45%) fell on Monday, and the Retail Index ($RLX -0.11%) inched lower. The tech sector was mixed as the Networking Index ($NWX +0.45%) and Semiconductor Index ($SOX +0.59%) edged higher but the Biotechnology Index ($BTK -1.04%) fell. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +1.45%) and the Integrated Oil Index ($XOI +0.41%) finished higher while the Gold & Silver Index ($XAU +0.07%) finished unchanged. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU +0.07%) recently undercut prior lows, threatening to retest its December 2016 low or maybe suffer an even deeper correction.
| Oil Services |
$OSX |
136.05 |
+1.95 |
+1.45% |
-25.98% |
| Integrated Oil |
$XOI |
1,276.58 |
+5.27 |
+0.41% |
+0.68% |
| Semiconductor |
$SOX |
1,245.58 |
+7.34 |
+0.59% |
+37.41% |
| Networking |
$NWX |
490.03 |
+2.18 |
+0.45% |
+9.85% |
| Broker/Dealer |
$XBD |
263.09 |
-0.54 |
-0.20% |
+28.16% |
| Retail |
$RLX |
1,696.60 |
-1.81 |
-0.11% |
+26.33% |
| Gold & Silver |
$XAU |
76.99 |
+0.06 |
+0.08% |
-2.37% |
| Bank |
$BKX |
106.17 |
-0.49 |
-0.46% |
+15.67% |
| Biotech |
$BTK |
4,188.94 |
-43.81 |
-1.04% |
+36.22% |
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Fundamentals Remain Strong; Extended From Any Sound Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
YY Inc (YY +$1.49 or +1.41% to $107.34) found support above its prior high ($97.59 on 10/16/17) and above its 50-day moving average (DMA) line ($97.29). It is extended from any sound base.
Fundamentals remain strong. It was last shown in this FSU on 11/14/17 with an annotated graph under the headline, " Chinese Social Media Firm Reported Earnings ". It reported Sep '17 quarterly earnings +42% on +49% sales revenues marking its 5th consecutive strong quarterly report above the +25% minimum (C criteria). Its annual earnings (A criteria) history has been strong especially since its $11 IPO on 11/21/12. It completed a new Public Offering on 8/16/17.
This Chinese Internet - Content firm has seen the number of top-rated funds owning its shares rise from 268 in Sep '16 to 426 in Sep '17, a reassuring sign concerning the I criteria. It has a current Up/Down Volume ratio of 1.3 which is an unbiased indication of accumulation over the past 50 days. It traded up as much as +53.85% since highlighted in yellow with a pivot point cited based on its 8/10/17 high plus 10 cents in the 9/25/17 mid-day report (read here).
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
|
$150.15
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-0.95
-0.63% |
$151.00
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382,147
53.98% of 50 DAV
50 DAV is 708,000
|
$156.86
-4.28%
|
8/14/2017
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$106.67
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PP = $110.01
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MB = $115.51
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Most Recent Note - 12/7/2017 5:12:00 PM
G - Hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($134.54) and recent low ($127.29 on 11/08/17) define near-term support to watch. Reported earnings +63% on +31% sales revenues for the Oct '17 quarter, continuing its strong earnings track record. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base and Hovering Near Record High - 12/7/2017 |
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C
A
S
I |
PFBC
-
NASDAQ
Preferred Bank Los Angls
BANKING - Regional - Pacific Banks
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$62.12
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-0.66
-1.05% |
$63.54
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39,723
51.59% of 50 DAV
50 DAV is 77,000
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$66.58
-6.70%
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10/10/2017
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$59.38
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PP = $59.08
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MB = $62.03
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Most Recent Note - 12/5/2017 5:18:09 PM
G - Pulled back today after challenging its prior high with a gap up and volume-driven gain. Found prompt support at its 50 DMA line ($60.37) during its recent consolidation. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Challenged High After Finding Support at 50 Day Moving Average - 12/5/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$259.95
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+0.04
0.02% |
$263.55
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3,412,842
106.04% of 50 DAV
50 DAV is 3,218,500
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$285.68
-9.01%
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10/30/2017
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$261.19
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PP = $259.46
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MB = $272.43
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Most Recent Note - 12/8/2017 5:04:14 PM
G - Testing support near prior highs in the $259 area and its 50 DMA line. More damaging losses would raise greater concerns. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Testing Support at Prior Highs and 50-Day Average - 12/8/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers
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$107.34
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+1.49
1.41% |
$108.07
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986,628
63.33% of 50 DAV
50 DAV is 1,558,000
|
$123.48
-13.07%
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9/25/2017
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$80.26
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PP = $83.10
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MB = $87.26
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Most Recent Note - 12/11/2017 7:30:05 PM
G - Consolidating above its prior high ($97.59 on 10/16/17) and above its 50 DMA line ($97.29). It is extended from any sound base. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Fundamentals Remain Strong; Extended From Any Sound Base - 12/11/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$121.00
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-2.44
-1.98% |
$124.70
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883,102
162.63% of 50 DAV
50 DAV is 543,000
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$142.80
-15.27%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 12/11/2017 1:09:52 PM
G - Rebounded near its 50 DMA line ($124.84) which may act as resistance. Gains above the 50 DMA line are still needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Weak Technical Action Raises Concerns Despite Strong Fundamentals - 11/29/2017 |
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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 |
PATK
-
NASDAQ
Patrick Industries Inc
Bldg-Mobile/Mfg and RV
|
$65.70
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-0.13
-0.20% |
$66.50
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167,154
132.66% of 50 DAV
50 DAV is 126,000
|
$68.63
-4.27%
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10/26/2017
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$90.90
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PP = $87.90
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MB = $92.30
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Most Recent Note - 12/5/2017 11:23:22 AM
G - Perched near its all-time high, extended from its prior base. Its 50 DMA line ($89.03) defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Best Ever Close After Pullback Found Support Near Prior High - 11/21/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$46.76
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+0.20
0.43% |
$47.29
|
626,034
66.96% of 50 DAV
50 DAV is 935,000
|
$46.61
0.32%
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10/9/2017
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$39.75
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PP = $41.54
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MB = $43.62
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Most Recent Note - 12/11/2017 7:24:15 PM
G - Touched a new high today while quietly posting a 7th consecutive gain. Its 50 DMA line ($43.10) along with the recent low ($43.07 on 12/01/17) define important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Recent Consolidation Was Not a Sufficient Length New Base - 11/20/2017 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$65.15
|
-1.97
-2.94% |
$67.25
|
1,577,892
162.17% of 50 DAV
50 DAV is 973,000
|
$67.53
-3.52%
|
10/6/2017
|
$57.13
|
PP = $54.23
|
|
MB = $56.94
|
Most Recent Note - 12/11/2017 7:32:18 PM
G - Encountered distributional pressure today and retreated from its all-time high with a loss on higher volume. Very extended from its prior base, its 50 DMA line ($58.31) and prior highs in the $57-58 area define near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base With Earnings News Due - 11/24/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$171.60
|
-1.10
-0.64% |
$176.80
|
833,663
89.83% of 50 DAV
50 DAV is 928,000
|
$192.75
-10.97%
|
8/31/2017
|
$128.22
|
PP = $127.78
|
|
MB = $134.17
|
Most Recent Note - 12/8/2017 1:20:17 PM
G - Gapped up today, rallying on news of a new supply agreement. It has not formed a sound base pattern. Its 50 DMA line ($154.83) and prior high in the $145 area define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Electronic Products Firm Perched at Record High - 11/17/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$223.69
|
+0.90
0.40% |
$224.99
|
574,674
70.86% of 50 DAV
50 DAV is 811,000
|
$245.65
-8.94%
|
10/27/2017
|
$195.65
|
PP = $196.37
|
|
MB = $206.19
|
Most Recent Note - 12/7/2017 5:23:51 PM
G - Posted a 3rd consecutive gain today with higher volume. The 50 DMA line ($207.70) defines important near-term support above prior highs in the $196 area. Violations may trigger technical sell signals. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Halted Volume-Driven Pullback at 50-Day Moving Average Line - 12/6/2017 |
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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 |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$70.34
|
+2.12
3.11% |
$70.74
|
1,754,137
121.90% of 50 DAV
50 DAV is 1,439,000
|
$70.15
0.27%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 12/11/2017 7:38:00 PM
G - Hit another new all-time high with today's gain backed by above average volume, getting very extended from any sound base. Its 50 DMA line ($60.30) and prior highs near $57 define support to watch on pullbacks. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Extended From Prior Highs After Gains on Light Volume - 11/22/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$71.10
|
-0.90
-1.25% |
$72.35
|
291,945
164.94% of 50 DAV
50 DAV is 177,000
|
$79.40
-10.45%
|
9/19/2017
|
$59.15
|
PP = $60.10
|
|
MB = $63.11
|
Most Recent Note - 12/6/2017 5:49:38 PM
G - Pulling back from its all-time high after getting very extended from any sound base. The prior high ($70.25 on 11/01/17) and its 50 DMA line ($67.67) define important near-term support to watch. Subsequent losses leading to violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rebound and Rally - 12/1/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$49.90
|
+0.05
0.10% |
$50.60
|
558,588
116.62% of 50 DAV
50 DAV is 479,000
|
$51.53
-3.15%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 12/7/2017 12:30:25 PM
G - Pulling back from its all-time high today after a streak of 8 consecutive gains. Color code was changed to green after rallying above its "max buy" level. Its 50 DMA line ($45.83) and prior lows in the $42 area define important near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Recently Stalled After Reaching a New High - 11/27/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$45.06
|
+0.27
0.60% |
$45.30
|
217,753
89.61% of 50 DAV
50 DAV is 243,000
|
$45.14
-0.18%
|
9/18/2017
|
$37.04
|
PP = $39.78
|
|
MB = $41.77
|
Most Recent Note - 12/11/2017 7:27:27 PM
G - Wedged to a new all-time high with today's 3rd consecutive gain. Extended from any sound base. Its 50 DMA line ($42.07) defines near-term support to watch on pullbacks. On 10/26/17 it priced a Secondary Offering. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Holding Ground Near Record High - 11/16/2017 |
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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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