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AFTER MARKET UPDATE - MONDAY, JUNE 23RD, 2014
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DOW |
-9.82 |
16,937.26 |
-0.06% |
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Volume |
559,344,280 |
-67% |
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Volume |
1,587,288,080 |
-32% |
NASDAQ |
+0.64 |
4,368.68 |
+0.01% |
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Advancers |
1,507 |
47% |
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Advancers |
1,213 |
42% |
S&P 500 |
-0.26 |
1,962.61 |
-0.01% |
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Decliners |
1,530 |
48% |
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Decliners |
1,583 |
55% |
Russell 2000 |
-3.48 |
1,184.95 |
-0.29% |
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52 Wk Highs |
246 |
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52 Wk Highs |
103 |
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S&P 600 |
-1.57 |
678.02 |
-0.23% |
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52 Wk Lows |
17 |
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52 Wk Lows |
21 |
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Major Averages Finished Little Changed on Quieter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages finished little changed on Monday. The session's volume was reported much lighter than the prior session totals on the NYSE and on the Nasdaq exchange, as Friday's totals were inflated by options expirations. Advancers and decliners were evenly mixed on the NYSE but decliners led advancers by a 5-4 margin on the Nasdaq exchange. There were 58 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the total of 75 stocks on the prior session. New 52-week highs contracted yet still easily outnumbered new 52-week lows on the NYSE and Nasdaq exchange. There were gains for 8 of the 14 high-ranked companies currently included on the Featured Stocks Page. The S&P 500 Index and Dow Jones Industrial Average recently surged into new high territory with healthy leadership (new 52-week highs) sending a reassuring signal that the market direction (M criteria) is in a "confirmed uptrend". Any new buying efforts should be selective and focused in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The S&P 500 Index was down less than a point from its record level to 1,962. The benchmark index is up +6.2% year-to-date.
The major averages ended a choppy trading session mixed as investors weighed the situation in the Middle East against generally positive economic releases. U.S. Secretary of State John Kerry traveled to Iraq in an attempt to help the government stem the uprising by Sunni militants. On the data front, a preliminary reading showed manufacturing activity expanded at a faster-than-expected pace in June. A separate report revealed sales of existing U.S. homes grew +4.9% in May, above the consensus estimate to increase +1.9%.
In M&A news, Integrys Energy (TEG +12.14%) rose after Wisconsin Energy (WEC -3.45%) agreed to buy the company for $5.7 billion. Shares of Oracle (ORCL +0.69%) edged higher following the announcement it would acquire Micros Systems (MCRS +3.36%) for $4.6 billion.
Industrials and consumer staples were down the most in the S&P 500 as General Electric (GE -1.08%) and Pepsico Inc (PEP -0.8%) were lower. Energy was the best performing group on the session as Exxon (XOM +0.53%) and Chevron (CVX +0.48%) both edged higher.
Treasuries finished down with the 10-year note losing 5/32 to yield 2.62%
The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.
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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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Bank and Retail Indexes Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were mixed and little changed as the Bank Index ($BKX +0.25%) edged higher and the Broker/Dealer Index ($XBD -0.30%) edged lower. The Retail Index ($RLX +0.30%) and the Networking Index ($NWX +0.13%) had slightly positive bias while the Biotechnology Index ($BTK -0.81%) and the Semiconductor Index ($SOX -0.36%) both lost ground. The Gold & Silver Index ($XAU +1.76%) was a standout gainer and the Integrated Oil Index ($XOI +0.49%) edged higher while the Oil Services Index ($OSX -0.01%) finished flat.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.81%) is consolidating -7.98% off its 52-week high.
Oil Services |
$OSX |
307.28 |
-0.03 |
-0.01% |
+9.34% |
Integrated Oil |
$XOI |
1,726.22 |
+8.46 |
+0.49% |
+14.84% |
Semiconductor |
$SOX |
633.13 |
-2.29 |
-0.36% |
+18.34% |
Networking |
$NWX |
334.58 |
+0.43 |
+0.13% |
+3.28% |
Broker/Dealer |
$XBD |
160.49 |
-0.48 |
-0.30% |
-0.05% |
Retail |
$RLX |
890.72 |
+2.67 |
+0.30% |
-5.22% |
Gold & Silver |
$XAU |
100.19 |
+1.73 |
+1.76% |
+19.06% |
Bank |
$BKX |
71.76 |
+0.18 |
+0.25% |
+3.61% |
Biotech |
$BTK |
2,726.83 |
-22.39 |
-0.81% |
+17.01% |
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Approached 52-Week High With Volume-Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
H F F Inc (HF +$0.62 or +1.77% to $35.73) tallied a gain today with +35% above average volume and finished at a best-ever close. It was highlighted in yellow with pivot point cited based on its 4/02/14 high plus 10 cents in the 6/20/14 mid-day report (click here). Subsequent gains above the pivot point backed by at least +40% above average volume are still needed to confirm a proper technical buy signal. It recently found support above its 50-day moving average (DMA) line when consolidating after nearly challenging its 52-week high.
Fundamentals are very strong as it has earned a 98 Earnings Per Share Rating. It reported earnings +67% on +40% sales revenues for the Mar '14 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has improved since a drastic downturn and losses in FY '09.
The small supply (S criteria) of only 37.7 million shares outstanding can contribute to price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 230 in Jun '13 to 293 in Mar '14, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
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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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$221.35
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+4.46
2.06% |
$223.18
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2,189,624 101.65% of 50 DAV
50 DAV is 2,154,000
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$230.77 -4.08%
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6/20/2014
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$216.53
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PP = $230.87
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MB = $242.41
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Most Recent Note - 6/20/2014 12:08:43 PM
Y - Color code is changed to yellow with pivot point cited based on its 2/26/14 high plus 10 cents. Perched -6.1% off its 52-week high, and subsequent volume-driven gains to new highs may trigger a technical buy signal. Reported earnings +75% on +40% sales revenues for the Mar '14 quarter, and its strong record satisfies the C criteria. Annual earnings (A criteria) history has been strong.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$42.69
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+0.17
0.40% |
$42.80
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364,376 54.47% of 50 DAV
50 DAV is 669,000
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$47.10 -9.36%
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5/21/2014
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$44.85
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PP = $44.85
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MB = $47.09
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Most Recent Note - 6/20/2014 5:49:04 PM
G - Still consolidating in a tight trading range above its 50 DMA line which acted as support. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average After Distributional Pressure - 6/6/2014
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C
A N
S L
I M
|
AL
-
NYSE
Air Lease Corp Cl A
DIVERSIFIED SERVICES - Rental and Leasing Services
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$39.27
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+0.07
0.18% |
$39.43
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609,696 58.18% of 50 DAV
50 DAV is 1,048,000
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$42.89 -8.44%
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5/9/2014
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$38.27
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PP = $38.25
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MB = $40.16
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Most Recent Note - 6/19/2014 10:10:12 AM
G - Found prompt support near its 50 DMA line and prior highs. Any violation of its recent low ($36.55 on 6/13/017) would raise serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Enduring Mild Distributional Pressure on Pullback - 6/11/2014
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C
A N
S L
I M
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BWLD
-
NASDAQ
Buffalo Wild Wings Inc
LEISURE - Restaurants
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$166.25
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+9.33
5.95% |
$166.35
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1,103,775 261.56% of 50 DAV
50 DAV is 422,000
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$159.81 4.03%
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6/19/2014
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$158.52
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PP = $159.91
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MB = $167.91
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Most Recent Note - 6/23/2014 12:15:56 PM
Y - Hitting a new 52-week high with today's volume-driven gain above its pivot point. No resistance remains due to overhead supply, and a strong finish may clinch a convincing technical buy signal. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Perched Near Highs With Strong Fundamentals - 6/19/2014
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C
A N
S L
I M
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EQM
-
NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
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$99.12
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+0.95
0.97% |
$99.14
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452,873 110.46% of 50 DAV
50 DAV is 410,000
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$102.51 -3.31%
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12/12/2013
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$53.17
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PP = $56.51
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MB = $59.34
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Most Recent Note - 6/20/2014 5:53:01 PM
G - Powered to yet another new 52-week high with today's big volume-driven gain. Prior reports repeatedly cautioned members - "It is very extended from any sound base. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline."
>>> FEATURED STOCK ARTICLE : New Highs Again With Light Volume Behind Streak of Gains - 6/4/2014
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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 |
GRFS
-
NASDAQ
Grifols Sa Ads
Medical-Ethical Drugs
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$43.84
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-0.98
-2.19% |
$44.79
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2,660,573 395.33% of 50 DAV
50 DAV is 673,000
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$46.66 -6.04%
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5/15/2014
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$41.14
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PP = $43.55
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MB = $45.73
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Most Recent Note - 6/23/2014 12:25:10 PM
Y - Color code is changed to yellow again as it found prompt support and rebounded quickly after undercutting prior highs near $43 and briefly violating its 50 DMA line with above average volume behind today's considerable early loss. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Keep in mind that any stock which is sold can be bought again later if strength returns.
>>> FEATURED STOCK ARTICLE : Consolidating Just Below "Max Buy" Level - 6/17/2014
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C
A N
S L
I M
|
HF
-
NYSE
H F F Inc Cl A
RETAIL - Grocery Stores
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$35.73
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+0.62
1.77% |
$35.78
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235,026 135.07% of 50 DAV
50 DAV is 174,000
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$36.06 -0.92%
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6/20/2014
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$34.60
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PP = $36.16
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MB = $37.97
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Most Recent Note - 6/23/2014 5:55:50 PM
Y - Rallying near its 52-week high with volume-driven gains. A gain above its pivot point with at least +40% above average volume is needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Approached 52-Week High With Volume-Driven Gain - 6/23/2014
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C
A N
S L
I M
|
ICON
-
NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear
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$42.99
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-0.39
-0.90% |
$43.74
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659,733 125.42% of 50 DAV
50 DAV is 526,000
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$44.81 -4.06%
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6/5/2014
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$43.54
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PP = $43.44
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MB = $45.61
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Most Recent Note - 6/23/2014 5:52:52 PM
Y - Finished near the session low today with a loss on above average volume. Slumping near prior highs in the $43-42 area defining initial support to watch.
>>> FEATURED STOCK ARTICLE : Found Support Above Prior Highs During Consolidation - 6/18/2014
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C
A N
S L
I M
|
KORS
-
NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores
|
$88.52
|
-0.08
-0.09% |
$89.00
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2,832,295 98.68% of 50 DAV
50 DAV is 2,870,200
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$101.04 -12.39%
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5/27/2014
|
$96.70
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PP = $101.14
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MB = $106.20
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Most Recent Note - 6/23/2014 5:51:18 PM
It may likely find support near its 200 DMA line, however its Relative Strength rating has slumped to 73, below the 80+ minimum guideline for buy candidates. It will be dropped from the Featured Stocks list tonight. A rebound above its 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Relative Strength Line's Downward Slope a Discouraging Sign - 6/10/2014
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C
A N
S L
I M
|
KS
-
NYSE
Kapstone Paper&Packaging
MANUFACTURING - Paper and Packaging
|
$32.97
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-0.24
-0.72% |
$34.43
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2,354,621 253.73% of 50 DAV
50 DAV is 928,000
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$33.37 -1.20%
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6/20/2014
|
$32.30
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PP = $31.92
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MB = $33.52
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Most Recent Note - 6/23/2014 12:28:54 PM
Y - Reversed into the red after briefly rallying beyond its "max buy" level in today's early session. Prior highs near $32 define initial support to watch on pullbacks. It was highlighted in yellow while rallying from a cup-with-handle base in the 6/20/14 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Four Times Average Volume Behind Big Breakout Gain - 6/20/2014
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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
|
$80.17
|
-0.07
-0.09% |
$81.78
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1,232,608 67.14% of 50 DAV
50 DAV is 1,836,000
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$82.27 -2.55%
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5/29/2014
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$75.95
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PP = $72.50
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MB = $76.13
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Most Recent Note - 6/23/2014 5:48:06 PM
G - Volume totals have been cooling while holding its ground stubbornly near its 52-week high. Prior highs near $72 define important support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Touching New 52-Week High - 6/12/2014
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C
A N
S L
I M
|
SN
-
NYSE
Sanchez Energy Corp
ENERGY - Independent Oil and Gas
|
$38.13
|
+0.13
0.34% |
$38.95
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1,972,550 133.37% of 50 DAV
50 DAV is 1,479,000
|
$38.02 0.29%
|
5/22/2014
|
$33.00
|
PP = $31.59
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MB = $33.17
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Most Recent Note - 6/20/2014 5:50:37 PM
G - Hit another new 52-week high with above average volume behind today's 3rd consecutive gain, getting more extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs near $31-32 define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Near Session Low After Hitting new 52-Week High - 6/9/2014
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A N
S L
I M
|
TRN
-
NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads
|
$42.49
|
+0.26
0.62% |
$42.80
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2,076,653 63.98% of 50 DAV
50 DAV is 3,246,000
|
$43.94 -3.31%
|
4/30/2014
|
$75.57
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PP = $76.05
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MB = $79.85
|
Most Recent Note - 6/19/2014 1:18:10 PM
G - Perched within close striking distance of its 52-week high, extended from its prior base. Recent lows in the $79 area and its 50 DMA line coincide defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Recent Lows and 50-Day Moving Average Line Define Near-Term Support - 6/16/2014
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A N
S L
I M
|
WLK
-
NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals
|
$84.59
|
-0.18
-0.21% |
$84.85
|
406,263 55.73% of 50 DAV
50 DAV is 729,000
|
$84.91 -0.38%
|
4/29/2014
|
$72.79
|
PP = $69.31
|
MB = $72.78
|
Most Recent Note - 6/20/2014 5:51:52 PM
G - Inched to another new 52-week high with today's 4th consecutive gain. Prior highs near $77 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Chemical Firm Quietly Posted 7th Consecutive Weekly Gain - 6/13/2014
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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,
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