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AFTER MARKET UPDATE - THURSDAY, JANUARY 22ND, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+259.70 |
17,813.98 |
+1.48% |
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Volume |
870,971,490 |
+16% |
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Volume |
1,845,984,150 |
+8% |
NASDAQ |
+82.98 |
4,750.40 |
+1.78% |
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Advancers |
2,447 |
76% |
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Advancers |
2,159 |
72% |
S&P 500 |
+31.03 |
2,063.15 |
+1.53% |
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Decliners |
663 |
21% |
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Decliners |
769 |
26% |
Russell 2000 |
+24.12 |
1,190.37 |
+2.07% |
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52 Wk Highs |
284 |
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52 Wk Highs |
64 |
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S&P 600 |
+14.16 |
685.86 |
+2.11% |
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52 Wk Lows |
34 |
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52 Wk Lows |
81 |
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Indices Unanimously Rebounded Above 50-Day Moving Averages
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks surged on Thursday's session and the 3 major indices unanimously rallied above their respective 50-day moving average lines. The Dow climbed 260 points to 17,813. The S&P 500 advanced 31 points to 2,063. The NASDAQ Composite finished 83 points higher at 4,750. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, indicating an increase in institutional buying demand. Breadth was clearly positive as advancers led decliners by nearly a 4-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 66 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, doubling the prior session total of 33 stocks. New 52-week highs easily outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. There were gains for 6 of the 10 high-ranked companies currently on the Featured Stocks Page.
Thursday's improvement from the broader market was a very reassuring sign regarding the M criteria. However, the bullish action is not a guarantee that the major averages will reach new highs and continue into new high territory. Keep in mind that new buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The S&P 500 Index rebounded above its 50-day moving average (DMA) line. The gain helped its technical stance and helped the broader market outlook improve.
The major averages rose sharply as the European Central Bank announced a larger-than-expected asset purchase program to bolster growth. Under the new plan, the central bank will buy up to 60 billion euro a month of bonds through September 2016. On the U.S. economic front, reports showed jobless claims fell to 307,000 in the most recent week and home prices increased +0.8% in November.
Eight of 10 sectors in the S&P advanced on the session. Financials and consumer discretionary were the best performing groups. Shares of KeyCorp (KEY +7.6%) rallied after the bank posted quarterly results above consensus estimates. Southwest Airlines (LUV +8.4%) soared as earnings topped analyst projections. Tech also provided a market tailwind as Apple (AAPL +2.6%) rose. Telecom and utilities sat out the rally as Verizon (VZ -0.9%) fell following its profit shortfall. Oneok (OKE -1.9%) also ended lower.
Treasuries were mostly lower with the benchmark 10-year note down 3/32 to yield 1.88%. In commodities, WTI crude stumbled 2.6% to $46.52/barrel on the NYMEX after a report showed weekly U.S. inventories rose for a second week. COMEX gold futures were +0.8% higher to close above $1,300 at $1,304.00/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Financial Group Gains Underpinned Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages rallied on Thursday with the help of influential gains from the Retail Index ($RLX +2.63%) and financial groups. The Broker/Dealer Index ($XBD +2.93%) and the Bank Index ($BKX +3.60%) both posted large gains. Meanwhile, the tech sector saw modest gains from the Semiconductor Index ($SOX +0.64%) and the Biotechnology Index ($BTK +0.86%) but the Networking Index ($NWX -0.05%) finished flat. The Integrated Oil Index ($XOI +0.97%) posted a solid gain, but the Oil Services Index ($OSX -0.17%) and the Gold & Silver Index ($XAU -0.11%) both inched lower
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +2.63%) has rebounded above its 50-day moving average (DMA) line after finding support above its September 2014 highs.
Oil Services |
$OSX |
195.70 |
-0.34 |
-0.17% |
-7.19% |
Integrated Oil |
$XOI |
1,320.06 |
+12.72 |
+0.97% |
-2.08% |
Semiconductor |
$SOX |
682.48 |
+4.32 |
+0.64% |
-0.64% |
Networking |
$NWX |
345.20 |
-0.16 |
-0.05% |
-3.56% |
Broker/Dealer |
$XBD |
171.06 |
+4.87 |
+2.93% |
-7.36% |
Retail |
$RLX |
1,024.52 |
+26.21 |
+2.63% |
-0.79% |
Gold & Silver |
$XAU |
81.12 |
-0.09 |
-0.11% |
+17.94% |
Bank |
$BKX |
69.65 |
+2.42 |
+3.60% |
-6.21% |
Biotech |
$BTK |
3,670.75 |
+31.17 |
+0.86% |
+6.74% |
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50-Day Moving Average Acted as Support After "Negative Reversal"
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Nxp Semiconductors N V (NXPI -$0.24 or -0.30% to $79.06) finished with a loss today and the volume total was above average, but its finish in the upper third of its intra-day range was a reassuring sign that it was finding support. It is consolidating above its 50-day moving average (DMA) line which acted as support following a "negative reversal" last week at its 52-week high. A subsequent violation of the 50 DMA line would raise concerns and trigger a technical sell signal, although a look at its chart shows that it promptly repaired a recent violation of that important short-term average.
NXPI was last shown in this FSU section on 1/05/15 with annotated graphs under the headline, "Little Resistance Remains Due to Overhead Supply". It undercut its 50 DMA line shortly after highlighted in yellow with a pivot point based on its 11/28/14 high plus 10 cents in the mid-day report (read here). Then it promptly repaired the violation, a sign of reassuring institutional support. Subsequent gains above the pivot point on 1/09/15 were backed by +66% above average volume. That offered investors fresh proof of institutional buying demand driving the stock to new highs (N criteria) that triggered a new technical buy signal.
Fundamentals remain strong through the Sep '14 quarter with earnings above the +25% minimum guideline (C criteria) and its annual earnings (A criteria) history is a good match the investment system guidelines. Disciplined investors avoid chasing stocks more than +5% above their prior high or pivot point and always limit losses by selling any stock that falls more than -7% from their purchase price.
Its slightly bullish 1.2 Up/Down Volume Ratio is above 1.0, an unbiased indication of institutional accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 683 in Mar '14 to 906 in Dec '14, a reassuring sign concerning the I criteria. The Elec - Semicondctor Fablss group has a high 96 Group Relative Strength Rating and leadership from others in the industry group is a reassuring sign concerning the L criteria. It completed a Secondary Offering on 5/14/14 and earlier Secondary Offerings on 2/04/13, 3/08/13, 9/13/13, and 12/10/13.
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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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$278.01
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+2.24
0.81% |
$279.22
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2,579,270 81.73% of 50 DAV
50 DAV is 3,156,000
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$276.90 0.40%
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12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 1/21/2015 6:45:32 PM
Y - Rallied for a new 52-week high and best-ever close today however the gain was backed by near average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Near High Again With No Resistance - 1/16/2015
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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AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$58.40
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-0.71
-1.20% |
$59.69
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1,232,558 58.28% of 50 DAV
50 DAV is 2,115,000
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$63.20 -7.59%
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1/7/2015
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$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 1/20/2015 7:00:36 PM
Y - Posted 2 consecutive gains on below average volume yet found support above its 50 DMA line after volume-driven losses last week completely negated the recent technical breakout. More damaging losses would raise serious concerns.
>>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015
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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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$46.82
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+0.41
0.88% |
$46.84
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159,988 46.11% of 50 DAV
50 DAV is 347,000
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$52.89 -11.48%
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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 - 1/21/2015 6:47:50 PM
G - Recent gains have lacked volume conviction and a rebound above its 50 DMA line ($48.53 is still needed for its outlook to improve. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Recovery Above 50-Day Average Needed for Outlook to Improve - 1/21/2015
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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FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$77.65
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+0.91
1.19% |
$77.75
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19,499,344 81.13% of 50 DAV
50 DAV is 24,033,600
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$82.17 -5.50%
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12/22/2014
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$81.79
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PP = $81.26
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MB = $85.32
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Most Recent Note - 1/20/2015 7:05:31 PM
G - Rebounded near its 50 DMA line ($76.53) with today's 2nd consecutive gain on near average volume. Relative Strength rating has slumped to 78, below the 80+ minimum guideline for buy candidates. Needs a rebound above the 50 DMA line for its outlook to improve, and it also faces resistance due to overhead supply up through the $82 level. Subsequent volume-driven gains above the pivot point are needed to clinch a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015
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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ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$193.89
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+2.12
1.11% |
$194.38
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1,430,648 120.32% of 50 DAV
50 DAV is 1,189,000
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$199.48 -2.80%
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12/30/2014
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$186.26
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PP = $196.00
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MB = $205.80
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Most Recent Note - 1/21/2015 5:44:31 PM
Y - Gapped down today for a volume-driven loss yet stayed above its 50 DMA line ($187.53). Rebounded above that important short-term average with a considerable gain backed by 2 times average volume on the prior session.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015
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
|
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 |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$79.06
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-0.24
-0.30% |
$80.00
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3,794,567 130.94% of 50 DAV
50 DAV is 2,898,000
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$82.76 -4.47%
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1/5/2015
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$76.43
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PP = $78.44
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MB = $82.36
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Most Recent Note - 1/22/2015 6:49:35 PM
Y - Found support and closed in the upper-third of its intra-day range today after slumping near its 50 DMA line which acted as support following a "negative reversal" last week at its 52-week high. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015
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
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$123.68
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-1.67
-1.33% |
$125.63
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1,041,297 76.23% of 50 DAV
50 DAV is 1,366,000
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$129.42 -4.44%
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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 - 1/20/2015 6:57:23 PM
G - Perched near its all-time high, still stubbornly holding its ground with volume totals cooling. It still has not formed any sound base. The 50 DMA line ($118.66) and recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Tech Firm Still Extended From Any Sound Base Pattern - 1/8/2015
View all notes |
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News |
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$90.58
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-1.27
-1.38% |
$92.30
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869,151 93.56% of 50 DAV
50 DAV is 929,000
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$100.66 -10.01%
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12/11/2014
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$98.66
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PP = $94.60
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MB = $99.33
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Most Recent Note - 1/20/2015 7:11:14 PM
Y - Recent losses negated the prior breakout yet it has been holding its ground at its 50 DMA line ($89.13) defining support. A subsequent violation would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Fell Near 50-Day Moving Average After Negating Prior Breakout - 1/15/2015
View all notes |
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Chart |
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
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$23.75
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+0.47
2.02% |
$23.75
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130,743 62.86% of 50 DAV
50 DAV is 208,000
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$23.65 0.42%
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12/5/2014
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$20.64
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PP = $20.31
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MB = $21.33
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Most Recent Note - 1/20/2015 6:51:10 PM
G - Extended from any sound base, it finished near the session high and hit a new 52-week high with +59% above average volume behind today's 5th consecutive gain. Its 50 DMA line defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Consolidation Following "Negative Reversal" Not Considered a Sound Base - 1/13/2015
View all notes |
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Chart |
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$159.19
|
+2.17
1.38% |
$159.29
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2,033,909 93.30% of 50 DAV
50 DAV is 2,180,000
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$159.70 -0.32%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 1/20/2015 6:53:16 PM
Y - Color code is changed to yellow while quietly consolidating just below its "max buy" level. Prior highs in the $149 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Formed a Big Cup-With-Handle Base Setup - 1/6/2015
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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 |
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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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