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AFTER MARKET UPDATE - THURSDAY, APRIL 23RD, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+20.42 |
18,058.69 |
+0.11% |
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Volume |
781,838,500 |
+6% |
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Volume |
1,729,073,500 |
+11% |
|
NASDAQ |
+20.89 |
5,056.06 |
+0.41% |
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Advancers |
2,045 |
65% |
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Advancers |
1,789 |
59% |
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S&P 500 |
+4.97 |
2,112.93 |
+0.24% |
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Decliners |
975 |
31% |
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Decliners |
1,126 |
37% |
|
Russell 2000 |
+6.05 |
1,271.54 |
+0.48% |
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52 Wk Highs |
128 |
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|
52 Wk Highs |
141 |
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S&P 600 |
+4.21 |
726.40 |
+0.58% |
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52 Wk Lows |
13 |
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52 Wk Lows |
41 |
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Tech-Heavy Nasdaq Composite Index Finished at New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks advanced on Thursday. The Dow rose 20 points to 18,058. The S&P 500 gained 4 points to 2,112. The volume totals were reported higher than the prior session on the NYSE and on the Nasdaq exchange versus the prior session totals. Advancers led decliners by a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 53 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 42 stocks. New 52-week highs expanded and easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 9 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages have overcome recent distributional pressure and leadership (stocks hitting new 52-week highs) has remained healthy, helping the rally continue. New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The tech-heavy Nasdaq Composite Index rose 20 points to finish at 5,056, new 2015 and record all-time high closes.
The major averages advanced as strong corporate earnings contended with weak economic data. Manufacturing data in China and the Eurozone disappointed analysts. Domestically, new home sales slumped in March from a seven-year high, and jobless claims last week rose 1,000 to 295,000.
Eight of the 10 S&P 500 sectors finished in positive territory. Telecom was up the most. AT&T (T +4.17%) rallied as the company topped quarterly expectations. eBay (EBAY +3.77%) provided a tailwind as the company advanced on positive earnings and increased forward guidance. Chevron (CVX +0.43%) edged higher as energy was another notable gainer. Freeport McMoRan (FCX -2.43%) fell after the copper producer reported quarterly results that were damped by low metals prices.
Treasuries snapped a three-day losing streak on weak data. The benchmark 10-year note gained 10/32 to yield 1.94%.
Commodities were mostly higher. WTI crude rallied +2.4% to $57.48/barrel as Saudi Arabia restarted airstrikes in Yemen. COMEX gold rose 0.6% to $1,193.80/ounce. In FOREX, the dollar ebbed 0.6% with the euro up 1% to $1.0830/EUR and the yen 0.3% stronger to ¥119.51/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups, Retail, Networking, and Biotechs Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX +3.40%) was a standout gainer on Thursday while the Integrated Oil Index ($XOI +0.45%) posted a smaller gain. The Gold & Silver Index ($XAU +1.80%) also posted as solid gain. The Retail Index ($RLX +0.60%) helped give the major averages a boost as it posted a modest gain, meanwhile the Bank Index ($BKX -0.24%) edged lower and the Broker/Dealer Index ($XBD -0.02%) finished flat. The Networking Index ($NWX +0.89%) and the Biotechnology Index ($BTK +1.10%) both rose, but the Semiconductor Index ($SOX -1.58%) created a drag on the tech sector.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +0.45%) is rebounding toward its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
214.82 |
+7.06 |
+3.40% |
+1.87% |
| Integrated Oil |
$XOI |
1,430.85 |
+6.44 |
+0.45% |
+6.14% |
| Semiconductor |
$SOX |
705.46 |
-11.36 |
-1.58% |
+2.71% |
| Networking |
$NWX |
385.76 |
+3.40 |
+0.89% |
+7.77% |
| Broker/Dealer |
$XBD |
193.27 |
-0.03 |
-0.02% |
+4.68% |
| Retail |
$RLX |
1,140.04 |
+6.84 |
+0.60% |
+10.39% |
| Gold & Silver |
$XAU |
70.63 |
+1.25 |
+1.80% |
+2.69% |
| Bank |
$BKX |
73.29 |
-0.18 |
-0.24% |
-1.31% |
| Biotech |
$BTK |
4,128.33 |
+44.86 |
+1.10% |
+20.04% |
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Finding Support at 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Reis Inc (REIS +$0.02 or +0.08% to $25.49) has been testing support at its 50-day moving average (DMA) line ($25.36). Little resistance remains due to overhead supply. Members were repeatedly reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal."
REIS was last shown in this FSU section with annotated graphs on 4/02/15 under the headline, "Encountered Distributional Pressure Following Breakout Lacking Volume". Action was noted as distributional pressure as it suffered a big loss on 5 times average volume on 3/31/15. It hit a new 52-week high and rallied above its pivot point on the prior session, but the volume was only +28% above average. Members were reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal." Pyramiding is a tactic taught in the Certification that allows investors to let market action help to dictate entries and weighting into each new position purchased.
On 3/16/15 it was highlighted in yellow in the mid-day (read here). It had earnings increases above the +25% minimum guideline (C criteria) and sales revenues improving in the Mar, Jun, Sep, and Dec '14 quarterly comparisons. Annual earnings (A criteria) history has been improving steadily since FY '10.
The high-ranked Real Estate Development/Operations firm has an Up/Down Volume Ratio of 1.2 which is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 117 in Mar '14 to 152 in Mar '15, 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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$298.36
|
+3.14
1.06% |
$299.21
|
2,218,057
63.21% of 50 DAV
50 DAV is 3,509,000
|
$317.72
-6.09%
|
12/29/2014
|
$260.22
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PP = $272.85
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|
MB = $286.49
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Most Recent Note - 4/22/2015 5:49:32 PM
G - Finding support at its 50 DMA line, and subsequent losses leading to a damaging violation of it and recent lows would raise more serious concerns and trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Still at 50-Day Moving Average Line But Fundamental Concerns Remain - 4/22/2015
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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$76.27
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+0.25
0.33% |
$76.72
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1,190,061
73.05% of 50 DAV
50 DAV is 1,629,000
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$76.12
0.20%
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4/20/2015
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$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 4/20/2015 1:03:02 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/20/15 high plus 10 cents. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a new (or add-on) technical buy signal. Its 50 DMA line and recent lows in the $68 area define near-term support to watch. Due to report earnings on 4/28/15 after the market close.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$73.45
|
-1.12
-1.50% |
$74.61
|
700,245
39.45% of 50 DAV
50 DAV is 1,775,000
|
$77.39
-5.09%
|
3/2/2015
|
$60.54
|
PP = $63.30
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|
MB = $66.47
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Most Recent Note - 4/20/2015 5:25:53 PM
G - Volume totals have cooled in recent weeks while stubbornly holding its ground near its all-time high. It has not formed a sound base of sufficient length. Its 50 DMA line ($65.92) and recent low ($64.55 on 3/26/15) define important near term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
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C
A N
S L
I M
|
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$52.93
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+0.04
0.08% |
$53.36
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148,117
68.57% of 50 DAV
50 DAV is 216,000
|
$55.01
-3.78%
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4/9/2015
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$49.58
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PP = $48.13
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|
MB = $50.54
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Most Recent Note - 4/20/2015 1:11:34 PM
G - Volume totals have been cooling while stubbornly holding its ground near all-time highs after volume-driven gains. It is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed With 8 Times Average Volume - 4/9/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$67.56
|
-0.43
-0.63% |
$67.89
|
229,361
52.73% of 50 DAV
50 DAV is 435,000
|
$70.49
-4.16%
|
3/27/2015
|
$61.97
|
PP = $63.60
|
|
MB = $66.78
|
Most Recent Note - 4/17/2015 6:50:54 PM
Y - Pulled back today with average volume to finish just below its "max buy" level and its color code is changed to yellow. 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
|
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
|
$82.41
|
-2.22
-2.62% |
$85.59
|
73,663,787
296.34% of 50 DAV
50 DAV is 24,858,000
|
$86.07
-4.25%
|
2/20/2015
|
$81.79
|
PP = $78.47
|
|
MB = $82.39
|
Most Recent Note - 4/23/2015 12:21:13 PM
G - Churning above average volume near its all-time high today. Reported earnings +20% on +42% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Found support at its 50 DMA line. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebounded Above "Max Buy" Level After Pullback Near 50 Day Average - 4/21/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$192.60
|
+2.56
1.35% |
$193.18
|
1,970,678
191.70% of 50 DAV
50 DAV is 1,028,000
|
$213.33
-9.72%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 4/23/2015 12:37:13 PM
G - Reported earnings +72% on +28% sales revenues for the Mar '15 quarter, continuing its strong earnings history. A considerable (-4.6%) loss with above average volume violated its 50 DMA line on the prior session. Its Relative Strength rating, now 60, is well below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Earnings Report Due Next Week May Generate Volatility - 4/15/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$166.12
|
+1.79
1.09% |
$166.60
|
282,608
109.54% of 50 DAV
50 DAV is 258,000
|
$172.09
-3.47%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 4/17/2015 6:47:01 PM
G - Pulled back today testing its 50 DMA line ($163.25). More damaging losses would raise concerns and trigger a technical sell signal.
>>> 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
|
$256.24
|
-3.11
-1.20% |
$260.13
|
851,056
67.71% of 50 DAV
50 DAV is 1,257,000
|
$276.18
-7.22%
|
4/10/2015
|
$263.45
|
PP = $276.28
|
|
MB = $290.09
|
Most Recent Note - 4/20/2015 5:24:19 PM
G - Posted a gain today with above average volume but it met resistance at its 50 DMA line ($261.67). A rebound above that important short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 4/10/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$98.58
|
-4.11
-4.00% |
$101.00
|
4,554,017
133.90% of 50 DAV
50 DAV is 3,401,000
|
$108.50
-9.14%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 4/23/2015 6:42:36 PM
Y - Gapped down today for a volume-driven loss, slumping near its 50 DMA line. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. The 50 DMA line ($97.13) defines important near-term support to watch above the recent lows.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$154.78
|
+0.91
0.59% |
$156.39
|
1,113,226
75.99% of 50 DAV
50 DAV is 1,465,000
|
$154.90
-0.08%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 4/21/2015 9:02:48 PM
Y - Hit a new high with today's considerable gain backed by +135% above average volume clinching a new (or add-on) technical buy signal. During its recent consolidation it found support above its 50 DMA line ($141.90) and well above prior lows in the $134 area.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$53.70
|
+1.32
2.52% |
$54.78
|
339,870
72.93% of 50 DAV
50 DAV is 466,000
|
$54.09
-0.72%
|
4/8/2015
|
$52.04
|
PP = $50.10
|
|
MB = $52.61
|
Most Recent Note - 4/21/2015 11:30:18 AM
G - Color code is changed to green after rallying back above its "max buy" level. Found support near prior highs in the $50 area and well above its 50 DMA ($47.37) line.
>>> 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
|
$25.49
|
+0.02
0.08% |
$25.99
|
22,879
78.89% of 50 DAV
50 DAV is 29,000
|
$28.82
-11.55%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 4/23/2015 6:45:05 PM
Y - Testing support at its 50 DMA line. Little resistance remains due to overhead supply. See the latest FSU analysis for more details and new annotated graphs. Members were repeatedly reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Finding Support at 50-Day Moving Average - 4/23/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$209.39
|
+2.46
1.19% |
$210.22
|
1,672,676
53.65% of 50 DAV
50 DAV is 3,118,000
|
$211.57
-1.03%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 4/20/2015 1:05:55 PM
G - Still consolidating near all-time highs with volume-totals cooling in recent weeks while stubbornly holding its ground. Completed a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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A N
S L
I M
|
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|
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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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