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AFTER MARKET UPDATE - THURSDAY, DECEMBER 15TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+59.71 |
19,852.24 |
+0.30% |
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Volume |
1,197,445,380 |
-4% |
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Volume |
1,888,107,530 |
+6% |
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NASDAQ |
+20.18 |
5,456.85 |
+0.37% |
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Advancers |
1,690 |
57% |
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Advancers |
2,059 |
64% |
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S&P 500 |
+8.75 |
2,262.03 |
+0.39% |
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Decliners |
1,300 |
43% |
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Decliners |
1,167 |
36% |
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Russell 2000 |
+10.39 |
1,366.41 |
+0.77% |
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52 Wk Highs |
115 |
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52 Wk Highs |
170 |
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S&P 600 |
+7.61 |
846.19 |
+0.91% |
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52 Wk Lows |
115 |
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52 Wk Lows |
68 |
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Major Indices Rose With Slightly Better Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks advanced on Thursday. The Dow was up 59 points to 19852. The S&P 500 added 8 points to 2262 and the Nasdaq Composite gained 20 points to 5456. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 4-3 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 49 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 34 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Nasdaq Composite Index is perched near record high territory.
The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages finished higher as the U.S. Dollar Index surged and investors digested the Federal Reserve’s decision yesterday to raise interest rates. The central bank increased rates for just the second time in a decade while projecting three rate hikes for next year. On the data front, a gauge of inflation showed that consumer prices rose 0.2% in November. Separately, initial jobless claims came in at 254,000, below the expected 255,000.
Nine of 11 sectors in the S&P 500 finished in positive territory. Financials paced the gains, catching a boost after the Fed’s rate decision. Shares of Bank of America (BAC +2.2%) and JP Morgan Chase (JPM +1.5%) rose. In Health Care, Eli Lilly (LLY +5.5%) rose as the company reaffirmed its forward EPS guidance.
On the M&A front, Mondelez International (MDLZ +4.4%) rose amid reports that Kraft-Heinz (KHC +1.20%) has interest in acquiring the company. Yahoo (YHOO -6.1%) was a notable decliner after disclosing a 2013 data breach which impacted 1 billion user accounts.
Treasuries finished mostly lower with the benchmark 10-year note down 10/32 to yield 2.60%. In commodities, NYMEX WTI crude slipped 0.1% to $50.90/barrel. COMEX gold retreated 2.9% to $1127.80/ounce. In FOREX, the Dollar Index surged 1.4%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial and Tech Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.26%) edged lower while the Bank Index ($BKX +1.32%) and the Broker/Dealer Index ($XBD +0.71%) both rose on Thursday. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.76%), Networking Index ($NWX +0.99%) and the Biotechnology Index ($BTK +2.10%) posted unanimous gains. The Oil Services Index ($OSX +0.61%) and Integrated Oil Index ($XOI +0.39) edged higher, meanwhile the Gold & Silver Index ($XAU -4.29%) was a standout decliner. Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +2.10%) rose from its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
187.72 |
+1.14 |
+0.61% |
+19.01% |
| Integrated Oil |
$XOI |
1,275.00 |
+4.98 |
+0.39% |
+18.86% |
| Semiconductor |
$SOX |
909.97 |
+15.69 |
+1.75% |
+37.15% |
| Networking |
$NWX |
453.38 |
+4.43 |
+0.99% |
+20.60% |
| Broker/Dealer |
$XBD |
212.13 |
+1.49 |
+0.71% |
+19.12% |
| Retail |
$RLX |
1,381.97 |
-3.66 |
-0.26% |
+7.67% |
| Gold & Silver |
$XAU |
73.71 |
-3.31 |
-4.30% |
+62.72% |
| Bank |
$BKX |
92.79 |
+1.21 |
+1.32% |
+26.97% |
| Biotech |
$BTK |
3,218.33 |
+66.33 |
+2.10% |
-15.62% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$24.85
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+0.31
1.26% |
$25.17
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270,847
102.59% of 50 DAV
50 DAV is 264,000
|
$25.74
-3.46%
|
10/10/2016
|
$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 12/13/2016 5:48:09 PM
G - Perched near all-time highs following a streak of volume-driven gains, very extended from any sound base. Its 50 DMA line ($20.39) defines near-term support above prior highs in the $19 area.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$20.20
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-0.10
-0.49% |
$20.70
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74,898
82.31% of 50 DAV
50 DAV is 91,000
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$23.00
-12.17%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 12/14/2016 3:53:24 PM
G - Pulling back today for a 2nd consecutive volume-driven loss, retreating from its 52-week high. Reported very strong Sep '16 quarterly sales revenues and earnings increases. It is extended from its prior base and prior highs in the $18 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
View all notes |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.88
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+0.36
0.71% |
$51.35
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1,071,643
69.63% of 50 DAV
50 DAV is 1,539,000
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$51.51
-1.22%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 12/12/2016 5:10:26 PM
G - Posted a gain today with below above average volume for another new high. There was a "breakaway gap" on 11/29/16, powering to new 52-week highs with considerable volume-driven gains. Prior highs in the $46 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$68.60
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+0.00
0.00% |
$69.40
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611,989
137.53% of 50 DAV
50 DAV is 445,000
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$71.97
-4.68%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 12/9/2016 3:32:35 PM
G - Perched near all-time highs, very extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs and its 50 DMA line define important support in the $59-60 area.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$50.83
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+0.02
0.04% |
$52.12
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241,592
142.95% of 50 DAV
50 DAV is 169,000
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$54.23
-6.27%
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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 - 12/14/2016 3:56:59 PM
G - Pulling back today for a big loss on heavy volume. Prior highs near $47 define initial support to watch. After getting extended from its prior base it was repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
View all notes |
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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 |
DW
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NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
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$109.40
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+1.55
1.44% |
$110.75
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199,007
80.90% of 50 DAV
50 DAV is 246,000
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$110.50
-1.00%
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11/29/2016
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$106.29
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PP = $101.00
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MB = $106.05
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Most Recent Note - 12/13/2016 5:49:28 PM
G - Touched a new high today but reversed into the red. Stubbornly holding its ground just above its "max buy" level. Prior highs in the $101-103 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$23.51
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-0.10
-0.40% |
$24.06
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120,675
80.99% of 50 DAV
50 DAV is 149,000
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$24.99
-5.92%
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10/27/2016
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$21.03
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PP = $22.60
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MB = $23.73
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Most Recent Note - 12/9/2016 3:36:19 PM
G - Color code is changed to green after rallying today with above average volume, rising back above its "max buy" level to challenge all-time highs. Recent lows in the $22 area and its 50 DMA line ($21.64) define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$73.35
|
+0.90
1.24% |
$74.35
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113,745
104.35% of 50 DAV
50 DAV is 109,000
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$75.53
-2.89%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
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MB = $73.11
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Most Recent Note - 12/13/2016 5:51:12 PM
G - Encountered distributional pressure as it pulled back with above average volume today finishing near its "max buy" level. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume-Backed Breakout Triggered New Technical Buy Signal - 11/29/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$96.79
|
-1.09
-1.11% |
$98.34
|
988,908
137.16% of 50 DAV
50 DAV is 721,000
|
$98.90
-2.13%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/14/2016 4:01:38 PM
G - Rallied further above its "max buy" level and hit a new high with today's volume-driven gain. Prior highs in the $88 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
View all notes |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$72.61
|
+1.40
1.97% |
$72.67
|
224,314
182.37% of 50 DAV
50 DAV is 123,000
|
$75.84
-4.26%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/14/2016 5:11:08 PM
G - Churning more above average volume while pulling back from all-time highs. Very extended from its prior base. Its 50 DMA line ($61.38) defines important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Financial Firm Remains Extended Well Above Prior Highs - 12/14/2016 |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.25
|
+0.45
1.51% |
$30.80
|
841,006
103.32% of 50 DAV
50 DAV is 814,000
|
$32.75
-7.63%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
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Most Recent Note - 12/12/2016 5:12:21 PM
Y - Color code is changed to yellow after slumping below its "max buy" level with above average volume behind 3 consecutive losses. Prior highs in the $28 area define important support to watch coinciding with its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended More Than +5% Above Prior Highs - 11/28/2016 |
View all notes |
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News |
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C
A
S
I |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$40.20
|
+1.30
3.34% |
$40.95
|
968,076
93.26% of 50 DAV
50 DAV is 1,038,000
|
$45.25
-11.16%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
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MB = $47.62
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Most Recent Note - 12/15/2016 6:49:40 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line. Little resistance remains due to overhead supply. Volume-driven gains for new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging its High With Big Volume-Driven Gain - 12/8/2016 |
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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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