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AFTER MARKET UPDATE - FRIDAY, JUNE 26TH, 2015
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DOW |
+56.66 |
17,947.02 |
+0.32% |
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Volume |
1,833,112,700 |
+143% |
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Volume |
2,583,377,100 |
+76% |
NASDAQ |
-31.68 |
5,080.51 |
-0.62% |
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Advancers |
1,339 |
42% |
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Advancers |
1,182 |
40% |
S&P 500 |
-0.70 |
2,101.61 |
-0.03% |
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Decliners |
1,765 |
55% |
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Decliners |
1,697 |
57% |
Russell 2000 |
-3.49 |
1,279.80 |
-0.27% |
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52 Wk Highs |
80 |
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52 Wk Highs |
125 |
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S&P 600 |
-1.32 |
734.43 |
-0.18% |
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52 Wk Lows |
190 |
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52 Wk Lows |
69 |
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Small Cap Strength Contrasts With Larger Indices' Slump
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and S&P 500 were down 0.4% and the NASDAQ fell 0.7%. The volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 9-7 margin on the NYSE and by 4-3 on the Nasdaq exchange. There were 77 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 55 stocks. New 52-week highs outnumbered new 52-week lows on the Nasdaq exchange, but new lows expanded and solidly outnumbered new highs on the NYSE. There were gains for 5 of the 16 high-ranked companies currently on the Featured Stocks Page, a more negative bias than the broader market.
Healthy leadership (many stocks hitting new 52-week highs) remains a reassuring sign that investors have a favorable market environment (M criteria). The fact-based investment system encourages only buying stocks meeting all of the key fundamental and technical criteria.
PICTURED: The S&P 600 Small Cap Index recently rallied to new all-time highs, an encouraging sign for fans of the fact-based investment system. Its MACD indicator remains bullish. Stocks finished mixed on Friday. The Dow gained 57 points to 17947, while the
S&P 500 was flat at 2101, and both indexes slumped this week and ended below their respective 50-day moving average (DMA) lines, contrasting with the Small Cap Index's strength shown above. The NASDAQ retreated 31 points to 5080, yet it remains above its 50 DMA line.
The major averages were choppy on Friday. The Greek debt negotiations
continued to dominate headlines with the country now less than 24 hours from a
potential default. In domestic news, Michigan consumer sentiment climbed in June
to a five-month high, suggesting an improved attitude about the U.S.
economy.
Seven out of ten sectors in the S&P 500 finished higher on the session.
Utilities lead the way, with Consolidated Edison (ED +1.04%) paced the
gains. Tech stocks lagged, as Apple (AAPL -0.59%), Google (GOOGL -0.88%) and Microsoft (MSFT -0.85%) all lost more than -
0.5% on the day.
In earnings, Nike (NKE +4.27%) surged after beating analyst expectations
for an eighth consecutive quarter. Finish Line (FINL +4.63%) climbed on
better-than-expected sales growth. Shares of Micron (MU -18.15%) tumbled
after missing consensus estimates and lowering forward guidance.
Breadth on issues was even on the NYSE and negative by 5-2 on the NASDAQ.
NYSE composite volume was 4.2 billion shares.
U.S. Treasuries continued their slide lower. The benchmark 10-year note lost
18/32 to yield 2.474%.
Commodities were little changed. WTI crude lost 0.2% to $59.60/barrel. COMEX
gold was up 0.1% to $1172.90/ounce. In FOREX, the dollar index advanced
0.2%.
The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Finanicals Rose While Semiconductor Index Led Tech Pullback
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.32%) and Broker/Dealer Index ($XBD +0.67%) both edged higher on Friday while the Retail Index ($RLX +0.03%) finished flat. The tech sector was led lower by the Semiconductor Index ($SOX -2.44%) while the Networking Index ($NWX -1.57%) and the Biotechnology Index ($BTK-0.79%) suffered smaller losses. The Gold & Silver Index ($XAU -0.65%) suffered a small loss while there was little change for the Oil Services Index ($OSX -0.10%) and the Integrated Oil Index ($XOI +0.19%).
PICTURED: The.Integrated Oil Index ($XOI +0.19%).remains below its 50-day and 200-day moving average (DMA) lines.
Oil Services |
$OSX |
202.34 |
-0.20 |
-0.10% |
-4.05% |
Integrated Oil |
$XOI |
1,327.06 |
+2.46 |
+0.19% |
-1.56% |
Semiconductor |
$SOX |
698.36 |
-17.47 |
-2.44% |
+1.67% |
Networking |
$NWX |
383.89 |
-6.12 |
-1.57% |
+7.25% |
Broker/Dealer |
$XBD |
201.67 |
+1.35 |
+0.67% |
+9.22% |
Retail |
$RLX |
1,157.24 |
+0.34 |
+0.03% |
+12.06% |
Gold & Silver |
$XAU |
64.68 |
-0.42 |
-0.65% |
-5.96% |
Bank |
$BKX |
78.79 |
+0.25 |
+0.32% |
+6.10% |
Biotech |
$BTK |
4,212.88 |
-33.66 |
-0.79% |
+22.50% |
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Higher Volume Loss a Sign of Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW -$3.56 or -1.99% to $175.26) showed signs of distributional pressure as it pulled back today on higher volume for its 5th consecutive loss while retreating from its all-time high. It has been repeatedly noted as "extended from any sound base". It remains well above its 50-day moving average (DMA) line ($163.04) defining important near-term support where a violation would trigger a technical sell signal.
The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 6/03/15 under the headline, "Holding Ground Stubbornly at All-Time Highs Following +123% Rally". Disciplined investors avoid chasing stocks more than +5% above their pivot point or prior highs. It traded up as much as +144% rise since first highlighted at $75.95 in yellow back on May 29, 2014 when breakout out of a "double bottom" base pattern.
PANW reported earnings +109% on +55% sales revenues for the Apr '15 quarter, its 4th consecutive comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. Sequentially, it has shown encouraging acceleration with earnings increases of +57%, +88%, +90%, and +109% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarters, respectively, versus the year ago periods. It has an Earnings Per Share (EPS) Rating of 99, the highest possible rating. It has a strong annual earnings (A criteria) history.
The number of top-rated funds owning its shares rose from 246 in Jun '13 to 749 in Mar '15, a very reassuring sign concerning the I criteria. Its small supply (S criteria) of 69.4 million shares in the public float is another favorable characteristic.
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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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$42.51
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+0.19
0.45% |
$42.65
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38,917 125.54% of 50 DAV
50 DAV is 31,000
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$42.95 -1.02%
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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 - 6/25/2015 11:48:19 AM
Y - Wedging to new highs and approaching its "max buy" level with gains this week lacking the great volume conviction indicative of serious institutional buying demand. 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 : Still Finding Support at 50-Day Moving Average - 6/9/2015 |
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C
A
S
I |
BOFI
-
NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans
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$106.47
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+0.80
0.76% |
$106.78
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234,207 147.30% of 50 DAV
50 DAV is 159,000
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$107.10 -0.59%
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6/10/2015
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$101.47
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PP = $97.78
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MB = $102.67
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Most Recent Note - 6/25/2015 6:50:43 PM
G - Hit another new 52-week high with today's 6th consecutive gain. Color code is changed to green after rising above its "max buy" level, and disciplined investors avoid chasing extended stocks. Prior highs near $97 define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Small Saving & Loan Shows More Signs of Accumulation - 6/10/2015 |
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C
A
S
I |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$72.09
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-1.25
-1.70% |
$73.73
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1,121,044 279.56% of 50 DAV
50 DAV is 401,000
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$74.49 -3.22%
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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 - 6/26/2015 5:57:41 PM
Y - Down today with higher volume and above average volume, enduring distributional pressure. Prior highs in the $70 area and its 50 DMA line recently acted as support. Subsequent damaging losses leading to violations would raise greater concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating After Breakout - 6/5/2015 |
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C
A
S
I |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$218.06
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-0.94
-0.43% |
$220.16
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2,788,326 214.49% of 50 DAV
50 DAV is 1,300,000
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$223.08 -2.25%
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6/8/2015
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$209.97
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PP = $213.43
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MB = $224.10
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Most Recent Note - 6/23/2015 6:45:10 PM
Y - Posted a gain today with slightly above average volume for a new high. Highlighted in yellow in the 6/08/15 mid-day report (read here).Disciplined investors use a tactic called pyramiding which the fact-based system suggests to help investors to allow the market action to dictate their purchase decisions.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All-Time Highs - 6/8/2015 |
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C
A
S
I |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$228.83
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-4.38
-1.88% |
$231.69
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2,578,551 147.94% of 50 DAV
50 DAV is 1,743,000
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$246.01 -6.98%
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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 - 6/26/2015 12:53:45 PM
Y - Its brief consolidation above its 50 DMA line ($225.65) may be a riskier "late stage" base currently being formed. A subsequent violation of the 50 DMA line would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Latest Consolidation is Not a Sufficient Length Bade - 6/16/2015 |
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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 |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$135.15
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-4.08
-2.93% |
$139.04
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6,194,999 180.77% of 50 DAV
50 DAV is 3,427,000
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$150.50 -10.20%
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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 - 6/26/2015 3:58:01 PM
Y - Pulling back with higher volume behind today's 4th consecutive loss. Slumping near previously noted support at prior highs in the $136 area. Damaging losses on higher volume would raise concerns if leading to a close below its old high close ($134.44 on 3/23/15).
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling During Consolidation After Breakout - 6/18/2015 |
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C
A
S
I |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$100.52
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-2.11
-2.05% |
$102.88
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2,758,550 97.13% of 50 DAV
50 DAV is 2,840,000
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$114.00 -11.82%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 6/26/2015 3:52:29 PM
G - Slumping quietly below its 50 DMA line and recent lows today raising some concerns and its color code is changed to green. A prompt rebound above the 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-day Average and Just Above Prior Lows - 6/23/2015 |
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C
A
S
I |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
|
$106.90
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-2.97
-2.70% |
$109.65
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3,772,095 115.78% of 50 DAV
50 DAV is 3,258,000
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$112.88 -5.30%
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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 - 6/26/2015 3:42:38 PM
Y - Color code is changed to yellow while quietly pulling back below its "max buy" level. Its 50 DMA line and the recent low ($98.07 on 6/09/15) define important near-term support where damaging violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support After Wedging From Late Stage Base - 6/11/2015 |
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C
A
S
I |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$101.57
|
-3.16
-3.01% |
$108.00
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4,620,944 139.23% of 50 DAV
50 DAV is 3,319,000
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$128.06 -20.69%
|
5/1/2015
|
$75.99
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PP = $77.49
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MB = $81.36
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Most Recent Note - 6/26/2015 5:56:14 PM
G - Endured distributional pressure today and ended near the session low. May go on to produce more climatic gains, however, its large loss on 6/22/15 with heavy volume was noted as a technical sell signal. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal - 6/25/2015 |
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C
A
S
I |
ACHC
-
NASDAQ
Acadia Healthcare Inc
HEALTH SERVICES - Specialized Health Services
|
$75.85
|
-1.60
-2.07% |
$77.60
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2,586,077 384.26% of 50 DAV
50 DAV is 673,000
|
$78.51 -3.39%
|
5/27/2015
|
$73.90
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PP = $74.19
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MB = $77.90
|
Most Recent Note - 6/26/2015 5:54:16 PM
Y - Down today with heavy volume, still consolidating above prior highs defining initial support in the $74-75 area. The 50 DMA line defines the next support level to watch. A volume-driven gain on 6/19/15 triggered a technical buy signal.
>>> FEATURED STOCK ARTICLE : Signs of Demand With Volume-Driven Gain for New Highs - 6/19/2015 |
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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 |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$53.02
|
-5.71
-9.72% |
$57.41
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1,205,065 508.47% of 50 DAV
50 DAV is 237,000
|
$61.05 -13.15%
|
4/9/2015
|
$49.58
|
PP = $48.13
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MB = $50.54
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Most Recent Note - 6/26/2015 12:10:56 PM
G - Gapped down today following an analyst downgrade, again trading near its 50 DMA line. Reported earnings +95% on +14% sales revenues for the May '15 quarter, continuing its strong earnings history.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 6/12/2015 |
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A
S
I |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$173.92
|
+2.58
1.51% |
$174.16
|
622,847 180.54% of 50 DAV
50 DAV is 345,000
|
$174.83 -0.52%
|
6/4/2015
|
$172.34
|
PP = $174.93
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MB = $183.68
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Most Recent Note - 6/23/2015 6:46:00 PM
Y - Still consolidating above its 50 DMA line ($168.53) which has acted as support. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Forming New Base and No Resistance Remains - 6/4/2015 |
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A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$157.98
|
+3.14
2.03% |
$158.10
|
1,013,019 138.01% of 50 DAV
50 DAV is 734,000
|
$159.85 -1.17%
|
5/29/2015
|
$155.03
|
PP = $159.07
|
MB = $167.02
|
Most Recent Note - 6/26/2015 3:44:19 PM
Y - Found support while still consolidating above its 50 DMA line following a "negative reversal" on 5/29/15. A subsequent volume-driven gain and close above its pivot point may trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 6/22/2015 |
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A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$59.60
|
+1.49
2.56% |
$60.33
|
1,254,012 600.01% of 50 DAV
50 DAV is 209,000
|
$58.46 1.95%
|
5/26/2015
|
$51.90
|
PP = $57.40
|
MB = $60.27
|
Most Recent Note - 6/26/2015 12:39:58 PM
Y - Rallying near its "max buy" level with another volume-driven gain today. Gain on the prior session was backed by +81% above average volume, triggering a technical buy signal. It rallied from support at its 50 DMA line and above its pivot point for a best-ever close.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near Highs With No Overhead Supply - 6/17/2015 |
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A
S
I |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$175.26
|
-3.56
-1.99% |
$179.84
|
2,742,500 203.15% of 50 DAV
50 DAV is 1,350,000
|
$185.00 -5.26%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
MB = $156.92
|
Most Recent Note - 6/26/2015 5:50:16 PM
G - Loss on 2 times average volume indicated distributional pressure behind today's 5th consecutive loss. Extended from any sound base. Its 50 DMA line ($163.04) defines support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Higher Volume Loss a Sign of Distributional Pressure - 6/26/2015 |
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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 |
CMCM
-
NYSE
Cheetah Mobile Cl A Ads
COMPUTER SOFTWARE and SERVICES - Security Software and Services
|
$31.01
|
-2.05
-6.20% |
$32.88
|
3,139,325 223.92% of 50 DAV
50 DAV is 1,402,000
|
$36.63 -15.34%
|
6/24/2015
|
$34.37
|
PP = $36.73
|
MB = $38.57
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Most Recent Note - 6/26/2015 3:48:36 PM
Y - Down today with above average volume, encountering distributional pressure. Its 50 DMA line and prior highs in the $30 area define important near-term support. Disciplined investors watch for gains above the pivot point backed by at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Computer Security Firm Building on a Flat Base - 6/24/2015 |
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A
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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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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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