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AFTER MARKET UPDATE - TUESDAY, JUNE 2ND, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-28.43 |
18,011.94 |
-0.16% |
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Volume |
711,920,480 |
+7% |
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Volume |
1,588,553,850 |
-10% |
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NASDAQ |
-6.41 |
5,076.52 |
-0.13% |
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Advancers |
1,659 |
52% |
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Advancers |
1,606 |
55% |
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S&P 500 |
-2.13 |
2,109.60 |
-0.10% |
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Decliners |
1,387 |
44% |
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Decliners |
1,207 |
41% |
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Russell 2000 |
+2.18 |
1,251.80 |
+0.17% |
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52 Wk Highs |
43 |
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52 Wk Highs |
88 |
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S&P 600 |
+1.93 |
717.20 |
+0.27% |
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52 Wk Lows |
28 |
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52 Wk Lows |
33 |
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Major Averages Calmly Consolidate Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were lower on Tuesday. The Dow fell 28 points to 18011. The S&P 500 lost 2 points to 2109. The NASDAQ Composite declined 6 points to close at 5076. The volume totals were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was positive as advancers led decliners by 8-7 on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 28 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 38 stocks. New 52-week highs contracted yet still outnumbered new 52-week lows on the Nasdaq and on the NYSE. There were gains for 5 of the 14 high-ranked companies currently on the Featured Stocks Page.
Investors still have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria. With respect to the M criteria, bullish action noted on 5/14/15 met the definition of a "follow-through day" confirming the current market uptrend. Keep in mind that any sustained rally requires healthy leadership (more stocks hitting new 52-week highs).
 PICTURED: The Nasdaq Composite Index is consolidating well above its 50-day moving average (DMA) line.
The major averages finished a choppy session in negative territory as investors monitored debt talks between Greece and its creditors. Market action was also attributed to a report that showed factory orders fell 0.4% in April versus a projected 0.1% decline. On the Fed front, Governor Brainard suggested she would favor delaying raising interest rates given the recently weak economic data.
Apparel maker PVH Corp (PHV +7.08%) rose after reporting earnings above consensus estimates. Shares of Cracker Barrel (CBRL +4.84%) rose on its positive quarterly results and announced special dividend. Zion’s (ZION +6.71%) rallied following the regional bank’s restructuring plan.
Duke Energy (DUK - 1.25%) fell and utilities were the worst-performing sector on the session. Health care also weighed on the market led by a retreat in biotech. Shares of Vertex Pharmaceuticals (VRTX -1.58%) fell. Energy and materials were the best performing as oil and metal prices advanced. Transocean (RIG +3.77%) and Freeport McMoRan (FCX +5.74%) both climbed.
Treasuries followed a selloff in European debt. The benchmark 10-year note was down 22/32 to yield 2.26%. In commodities, NYMEX crude gained 1.9% to $61.34/barrel. COMEX gold added 0.4% to $1193.30/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Finacial, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.43%), Broker/Dealer Index ($XBD +0.76%), and the Bank Index ($BKX +0.89%) had a positive influence on the major averages, but weakness elsewhere offset their impact. The Semiconductor Index ($SOX -1.18%) and the Biotechnology Index ($BTK -0.21%) both ended slightly lower, and Networking Index ($NWX -0.00%) finished flat. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +2.15%), Integrated Oil Index ($XOI +0.65%), and the Gold & Silver Index ($XAU +1.78%) each ended higher.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +0.43%) has been finding support at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
212.51 |
+4.48 |
+2.15% |
+0.78% |
| Integrated Oil |
$XOI |
1,343.74 |
+8.70 |
+0.65% |
-0.33% |
| Semiconductor |
$SOX |
737.28 |
-8.80 |
-1.18% |
+7.34% |
| Networking |
$NWX |
391.43 |
-0.00 |
-0.00% |
+9.36% |
| Broker/Dealer |
$XBD |
195.36 |
+1.46 |
+0.76% |
+5.80% |
| Retail |
$RLX |
1,140.27 |
+4.85 |
+0.43% |
+10.41% |
| Gold & Silver |
$XAU |
70.53 |
+1.24 |
+1.79% |
+2.54% |
| Bank |
$BKX |
75.90 |
+0.67 |
+0.89% |
+2.21% |
| Biotech |
$BTK |
4,134.52 |
-8.64 |
-0.21% |
+20.22% |
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Extended From Base Following Spurt of Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ambarella Corporation (AMBA -$2.31 or -2.44% to $92.21) pulled back today from new all-time highs following an impressive spurt of volume-driven gains. Disciplined investors avoid chasing extended stocks. Prior highs in the $77 area define initial support to watch on pullbacks.
On 5/01/15 a new pivot point was cited based on its 3/31/15 high plus 10 cents. The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 5/12/15 with annotated graphs under the headline, "Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average". Subsequent gains above the pivot point on 5/15/15 backed by +77% above average volume triggered a technical buy signal. It reported earnings +184% on +74% sales revenues for the Apr '15 quarter, continuing to show impressive sales revenues and earnings acceleration in sequential quarterly comparisons. It reported earnings increases of +42%, 84%, and +162% in the Jul, Oct '14 and Jan '15 quarterly comparisons versus the year-ago periods, respectively. Sales revenues during that span rose +25%, +43%, and +62%. AMBA's fundamentals match with the fact-based investment system guidelines with quarterly comparisons showing improvement above the +25% minimum earnings guideline (C criteria).
The number of top-rated funds owning its shares has been on the rise, up from 167 in Jun '14 to 249 in Mar '15, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is also an unbiased indication its shares have been under slight accumulation over the past 50 days. Its small supply (S criteria) of only 28.1 million shares in the public float can contribute to great price volatility in the event of institutional buying or selling.
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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 |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$39.74
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+0.32
0.81% |
$40.14
|
16,762
52.38% of 50 DAV
50 DAV is 32,000
|
$41.41
-4.03%
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4/27/2015
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$40.94
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PP = $40.54
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|
MB = $42.57
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Most Recent Note - 6/2/2015 6:13:52 PM
Y - Still quietly finding support above its 50 DMA line ($39.25). Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Reassuring Support at 50-Day Moving Average Line - 5/14/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$71.49
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-0.20
-0.28% |
$72.10
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239,202
50.46% of 50 DAV
50 DAV is 474,000
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$73.38
-2.58%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 6/1/2015 12:48:47 PM
Y - Touched another new 52-week high today yet it remains below its "max buy level. Gains last week above its pivot point triggered a new (or add-on) technical buy signal. Important support is defined by its 50 DMA line ($66.15) where more damaging losses would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$238.00
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-1.36
-0.57% |
$240.49
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1,374,277
80.41% of 50 DAV
50 DAV is 1,709,000
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$246.01
-3.26%
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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 - 6/2/2015 6:19:52 PM
G - Volume totals have been cooling while hovering near all-time highs, extended from prior highs. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Very Extended Following 7 Consecutive Gains - 5/22/2015 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$144.16
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-2.46
-1.68% |
$146.67
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4,100,212
130.17% of 50 DAV
50 DAV is 3,150,000
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$150.50
-4.21%
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5/28/2015
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$141.06
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PP = $136.38
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MB = $143.20
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Most Recent Note - 6/1/2015 12:26:28 PM
G - Reversed into the red after hitting yet another new high today. Prior highs in the $136 area define initial support to watch on pullbacks. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Strong Sales and Earnings Acceleration For Tech Leader - 5/28/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$110.63
|
-1.35
-1.21% |
$111.73
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3,023,807
96.45% of 50 DAV
50 DAV is 3,135,000
|
$114.00
-2.96%
|
4/15/2015
|
$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 6/1/2015 5:18:39 PM
Y - Reversed into the red today for a loss on lighter volume after 3 consecutive volume-driven gains. No overhead supply remains to act as resistance. Its 50 DMA line and recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Perched at All-Time High Following Volume-Driven Gains - 6/1/2015 |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$108.12
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-1.33
-1.22% |
$109.57
|
2,313,533
58.73% of 50 DAV
50 DAV is 3,939,000
|
$111.60
-3.12%
|
5/1/2015
|
$97.51
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PP = $102.87
|
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MB = $108.01
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Most Recent Note - 6/2/2015 6:18:41 PM
G - Pulled back from its 52-week high with a loss today on light volume. Gains lacked volume after it found support near its 50 DMA line and wedged higher from a riskier "late-stage" base pattern. Prior highs in the $102 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$92.21
|
-2.31
-2.44% |
$95.00
|
4,339,298
314.90% of 50 DAV
50 DAV is 1,378,000
|
$95.67
-3.62%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
|
MB = $81.36
|
Most Recent Note - 6/2/2015 12:01:53 PM
G - Pulling back today from new all-time highs following an impressive spurt of volume-driven gains. Disciplined investors avoid chasing extended stocks. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Spurt of Volume-Driven Gains - 6/2/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$72.65
|
-0.85
-1.16% |
$73.75
|
637,479
109.72% of 50 DAV
50 DAV is 581,000
|
$75.46
-3.72%
|
5/27/2015
|
$73.90
|
PP = $74.19
|
|
MB = $77.90
|
Most Recent Note - 6/2/2015 6:22:57 PM
Y - Still perched within close striking distance of the new pivot point cited based on its 4/13/15 high. A strong gain above the pivot point with at least +40% above average volume is needed to trigger a proper technical buy signal. The 50 DMA line ($71.04) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Finished Below Pivot Point Despite Big Volume-Driven Gain and New 52-Week High - 5/27/2015 |
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C
A
S
I |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$75.46
|
+0.23
0.31% |
$75.89
|
1,752,494
124.47% of 50 DAV
50 DAV is 1,408,000
|
$78.44
-3.80%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 6/1/2015 12:15:57 PM
G - Encountering more distributional pressure today and slumping toward its 50 DMA line ($74.32) where a damaging violation would trigger a technical sell signal. Prior reports cautioned - "Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Raised Recent Concerns - 5/21/2015 |
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C
A
S
I |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$55.36
|
+0.12
0.22% |
$55.96
|
124,317
51.16% of 50 DAV
50 DAV is 243,000
|
$57.18
-3.18%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 6/1/2015 3:52:12 PM
G - Posting a considerable gain without great volume conviction today. Recently wedged higher for new 52-week highs without forming a sound new base. Its 50 DMA line ($51.13) and prior highs define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
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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 |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$172.40
|
-1.32
-0.76% |
$173.57
|
348,911
101.13% of 50 DAV
50 DAV is 345,000
|
$174.83
-1.39%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 6/1/2015 12:54:41 PM
G - Perched at its 52-week high yet making limited headway above prior highs while churning above average volume. It did not form a sound new base, but little resistance remains due to overhead supply. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Rebounded Near 50 Day Moving Average Line - 5/13/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$154.35
|
+0.48
0.31% |
$156.15
|
973,698
134.12% of 50 DAV
50 DAV is 726,000
|
$159.85
-3.44%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
|
MB = $167.02
|
Most Recent Note - 6/2/2015 1:03:26 PM
Y - Perched within close striking distance of its 52-week high, holding its ground stubbornly following a "negative reversal" on 5/29/15, finding support near its 50 DMA line. Highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here). A volume-driven gain and close above its pivot point may trigger a proper technical buy signal. Recent lows in the $149 area define near-term support. Reported Apr '15 quarterly earnings +35% on +22% sales revenues, and 3 of the past 4 quarterly comparisons have now been above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Negative Reversal Today After Touching New Highs - 5/29/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$54.47
|
+0.56
1.04% |
$54.98
|
203,752
117.10% of 50 DAV
50 DAV is 174,000
|
$57.30
-4.94%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
|
MB = $60.27
|
Most Recent Note - 6/2/2015 6:15:38 PM
Y - Posted a 5th consecutive gain today with near average volume. Consolidating above its 50 DMA line. Subsequent volume-driven gains above the pivot point are needed to trigger a proper technical buy signal. Reported earnings +28% on +29% sales revenues for the Mar '15 quarter, helping its quarterly and annual earnings history (C and A criteria) better match the guidelines of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Gains For News Highs Still Needed to Trigger Technical Buy Signal - 5/26/2015 |
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C
A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$168.50
|
-2.00
-1.17% |
$171.49
|
1,551,532
115.70% of 50 DAV
50 DAV is 1,341,000
|
$172.00
-2.03%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 6/1/2015 1:06:20 PM
G - Hit another new high with today's 3rd consecutive gain. It is extended from its prior base and disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. Prior highs in the $158 area define initial support above the 50 DMA line, where subsequent violations would raise concerns and may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 |
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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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