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AFTER MARKET UPDATE - WEDNESDAY, APRIL 8TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+27.09 |
17,902.51 |
+0.15% |
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Volume |
747,649,950 |
+16% |
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Volume |
1,558,907,830 |
+7% |
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NASDAQ |
+40.59 |
4,950.82 |
+0.83% |
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Advancers |
1,864 |
59% |
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Advancers |
1,814 |
62% |
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S&P 500 |
+5.57 |
2,081.90 |
+0.27% |
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Decliners |
1,170 |
37% |
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Decliners |
1,004 |
34% |
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Russell 2000 |
+9.35 |
1,262.71 |
+0.75% |
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52 Wk Highs |
128 |
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52 Wk Highs |
96 |
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S&P 600 |
+4.46 |
722.83 |
+0.62% |
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52 Wk Lows |
9 |
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52 Wk Lows |
32 |
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Breadth Positive and Volume Higher as Major Averages Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were higher on Wednesday. The S&P 500 gained 6 points to 2,081. The NASDAQ Composite climbed 41 points to 4,950. The volume totals were reported higher on the NYSE and on the Nasdaq exchange versus the prior session totals, a sign of better buying demand from the institutional crowd. Advancers led decliners by a 3-2 margin on the NYSE and an 9-5 on the Nasdaq exchange. Leadership improved as there were 45 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 36 stocks. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and the Nasdaq exchange. There were gains for 11 of the 13 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages' endured recent distributional pressure which put the rally under pressure, however, their remains a healthy level of leadership (stocks hitting new 52-week highs). New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The Dow rose 27 points to 17,902. It is consolidating near its 50-day moving average (DMA) line.
The major averages finished a choppy session in positive territory as investors weighed commentary from the Fed. The release of the minutes from the central bank’s March meeting showed policy makers were divided over the timing of increasing interest rates.
Corporate merger news and profits were also in focus. Royal Dutch Shell (RYDAF -4.5%) fell after announcing it would purchase BG Group (BRGYY +27.5%) for $70 billion. Health care was the best performing sector. Mylan (MYL +14.76%) rose after agreeing to acquire Perrigo Co Plc (PRGO +18.39%) for approximately $29 billion. Shares of Alcoa (AA +1.79%) rose ahead of its earnings results after the close to kick off first-quarter reporting season.
Energy was the worst performing group as oil fell sharply after a report showed inventories rose to a record level. Exxon (XOM -1.97%) and Chevron (CVX -1.73%) were both lower.
Treasuries pared losses following the release of the Fed minutes to finish modestly lower. The 10-year note was down 5/32 to yield 1.90% even with solid demand at the latest $21 billion auction of the benchmark security.
In commodities, NYMEX WTI crude dropped -5.7% to $50.90/barrel. COMEX gold retreated 0.6% to $1203.10/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial,and Tech Gains Underpin Broad-Based Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.23%) was a positive influence on the major averages along with financials as the Broker/Dealer Index ($XBD +0.95%) and the Bank Index ($BKX +1.20%) both posted decent gains on Wednesday. The Biotechnology Index ($BTK +1.69%) led the tech sector higher while the Semiconductor Index ($SOX +0.65%) posted a more modest gain and the Networking Index ($NWX +0.16%) inched higher. The Integrated Oil Index ($XOI -0.07%) finished flat and the Gold & Silver Index ($XAU -1.43%) slumped.
Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX -0.57%) recently rebounded above its 50-day moving average (DMA) line after finding support neat prior lows.
| Oil Services |
$OSX |
201.22 |
-1.16 |
-0.57% |
-4.58% |
| Integrated Oil |
$XOI |
1,362.06 |
-1.02 |
-0.07% |
+1.03% |
| Semiconductor |
$SOX |
697.45 |
+4.51 |
+0.65% |
+1.54% |
| Networking |
$NWX |
374.62 |
+0.60 |
+0.16% |
+4.66% |
| Broker/Dealer |
$XBD |
190.60 |
+1.80 |
+0.95% |
+3.23% |
| Retail |
$RLX |
1,136.96 |
+13.83 |
+1.23% |
+10.09% |
| Gold & Silver |
$XAU |
68.08 |
-0.99 |
-1.43% |
-1.02% |
| Bank |
$BKX |
72.56 |
+0.86 |
+1.20% |
-2.29% |
| Biotech |
$BTK |
4,011.54 |
+66.55 |
+1.69% |
+16.64% |
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Volume Driven Gain From Flat Base Triggered New Technical Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Qualys Inc (QLYS +$3.35 or +6.83% to $52.43) hit a new 52-week high (N criteria) with above average volume behind today's gap up and 5th consecutive gain triggering a new (or add-on) technical buy signal. Its color code was changed to yellow while rising from a new 5-week flat base with pivot point based on its 3/05/15 high plus 10 cents.
It was last shown in this FSU section on 3/20/15 with annotated graphs under the headline, "Consolidating Above Support at Prior Highs and 50-Day Moving Average", consolidating above prior highs in the $40-41 area and above its 50-day moving average (DMA) line which define important near-term support to watch.
It reported earnings +200% on +26% for the quarter ended December 31, 2014 versus the year ago period, marking its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). The number of top-rated funds owning its shares rose from 152 in Mar '14 to 230 in Mar '15, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Its small supply of only 19 million shares (S criteria) in the public float can contribute to great volatility in the event of institutional buying or selling. The Computer Software - Security group has a 93 Group Relative Strength Rating, and leadership (L criteria) in the industry group is another favorable factor with respect to the fact-based investment system.
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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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$294.78
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-0.78
-0.26% |
$300.51
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5,172,873
151.52% of 50 DAV
50 DAV is 3,414,000
|
$317.72
-7.22%
|
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 - 4/7/2015 4:41:16 PM
G - Consolidating above its 50 DMA line ($291.25) where violations would raise more serious concerns and trigger a technical sell signal. Completed a new Public Offering on 2/25/15. Reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Pullback With Higher Volume Toward 50-Day Moving Average - 4/1/2015
View all notes |
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$71.79
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+0.71
1.00% |
$71.89
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831,969
50.51% of 50 DAV
50 DAV is 1,647,000
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$73.53
-2.37%
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2/13/2015
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$68.46
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PP = $65.49
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MB = $68.76
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Most Recent Note - 4/6/2015 6:29:14 PM
G - Consolidating well above its 50 DMA line and recent lows in the $68 area defining near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Wedging Gains Have Followed Brief Consolidation - 3/23/2015
View all notes |
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News |
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$74.38
|
+1.58
2.16% |
$74.99
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993,003
52.32% of 50 DAV
50 DAV is 1,898,000
|
$77.39
-3.89%
|
3/2/2015
|
$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 4/8/2015 4:37:25 PM
G - Posted a gain on light volume today. Perched near its all-time high, way too extended to be bought under the guidelines. Prior highs near $63 define important near term support to watch along with its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Getting Extended After Brief Pullback - 3/30/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$66.88
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+0.39
0.59% |
$67.47
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323,841
75.66% of 50 DAV
50 DAV is 428,000
|
$67.54
-0.98%
|
3/27/2015
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$61.97
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PP = $63.60
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MB = $66.78
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Most Recent Note - 4/8/2015 4:55:42 PM
G - Posted a gain on lighter volume and color code is changed to green after finishing the session above its "max buy" level. Broke out on 4/06/15 with 5 times average volume while rallying above the pivot point triggering a new (or add-on) technical buy signal. Prior highs in the $63.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Fresh Breakout Again Had Look of Institutional Demand - 4/7/2015
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$82.28
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-0.05
-0.05% |
$83.10
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18,936,167
71.44% of 50 DAV
50 DAV is 26,507,000
|
$86.07
-4.41%
|
2/20/2015
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$81.79
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PP = $78.47
|
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MB = $82.39
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Most Recent Note - 4/6/2015 6:36:02 PM
G - Posted a gain today on light volume following 4 consecutive losses with light volume while consolidating. Prior resistance in the $82 area defines important near-term support above the 50 DMA line.
>>> FEATURED STOCK ARTICLE : Pullback Near Previously Stubborn Resistance - 3/31/2015
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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 |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$185.32
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+2.56
1.40% |
$186.88
|
844,122
81.64% of 50 DAV
50 DAV is 1,033,900
|
$213.33
-13.13%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
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Most Recent Note - 4/6/2015 6:37:44 PM
G - Testing support at its 200 DMA line. Recent gains have lacked great volume conviction. Its Relative Strength rating has slumped to 65, below the 80+ minimum guideline for buy candidates. Needs gains above the 50 DMA line for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Falls While Testing 200-Day Average - 3/25/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$168.22
|
+1.04
0.62% |
$168.55
|
238,414
77.41% of 50 DAV
50 DAV is 308,000
|
$172.09
-2.25%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 4/6/2015 6:40:02 PM
G - Very extended from its prior base. Found support near prior highs on the recent pullback. The 50 DMA line ($160.66) defines the next important support level to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$252.26
|
+2.45
0.98% |
$255.84
|
1,061,134
72.73% of 50 DAV
50 DAV is 1,459,000
|
$276.18
-8.66%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
|
MB = $255.52
|
Most Recent Note - 4/6/2015 6:41:48 PM
G - Quietly slumped below its 50 DMA line and needs a rebound above it ($255.79) for its outlook to improve. Stalled and made no progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Stalled Following "Breakaway Gap" 6 Weeks Ago - 3/19/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$101.86
|
+1.48
1.47% |
$102.93
|
2,057,852
52.85% of 50 DAV
50 DAV is 3,894,000
|
$108.50
-6.12%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 4/6/2015 6:42:46 PM
G - Still very extended from its prior base, and disciplined investors avoid chasing extended stocks. Recent lows ($93.05 on 3/26/15) and the 50 DMA line ($91.65) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Considerable Rally of 41.9% Since Start of Year - 3/26/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$147.27
|
+2.44
1.68% |
$148.14
|
1,314,960
91.76% of 50 DAV
50 DAV is 1,433,000
|
$150.44
-2.11%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 4/7/2015 2:27:17 PM
Y - Encountered distributional pressure yet found support above its 50 DMA line ($137.86). More damaging losses would raise concerns and trigger a technical sell signal. When recently wedging to a new high (N criteria) gains were backed by sub par volume and members were cautioned - "Stocks should have at least +40% above average volume while rising above the pivot point to clinch a proper new (or add-on) technical buy signal."
>>> FEATURED STOCK ARTICLE : Latest Consolidation is a Short New "Square Box" Base - 3/27/2015
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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 |
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$52.43
|
+3.35
6.83% |
$52.96
|
1,071,168
258.11% of 50 DAV
50 DAV is 415,000
|
$50.00
4.86%
|
4/8/2015
|
$52.04
|
PP = $50.10
|
|
MB = $52.61
|
Most Recent Note - 4/8/2015 1:08:33 PM
Y - Hit a new 52-week high with above average volume behind today's gap up and 5th consecutive gain triggering a new (or add-on) technical buy signal. Color code was changed to yellow while rising from a new 5-week flat base with pivot point based on its 3/05/15 high plus 10 cents. Its 50 DMA line defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Volume Driven Gain From Flat Base Triggered New Technical Buy Signal - 4/8/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$26.81
|
+0.06
0.22% |
$27.04
|
18,419
61.40% of 50 DAV
50 DAV is 30,000
|
$28.82
-6.97%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 4/7/2015 4:42:54 PM
Y - Recent action was noted as indicative of distributional pressure. Hit a new 52-week high and rallied above its pivot point but with volume only +28% above average on 3/31/15. No resistance remains due to overhead supply. Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Breakout Lacking Volume - 4/2/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$205.96
|
+7.02
3.53% |
$206.78
|
1,990,221
62.00% of 50 DAV
50 DAV is 3,210,000
|
$206.84
-0.43%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 4/8/2015 4:35:59 PM
G - Rallied for a best-ever close today. Stubbornly held its ground after completing a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Its recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised by Weaker Earnings and Sales Increases - 3/24/2015
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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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