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AFTER MARKET UPDATE - FRIDAY, AUGUST 12TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
-37.05 |
18,576.47 |
-0.20% |
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Volume |
692,845,270 |
-9% |
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Volume |
1,378,098,900 |
+0% |
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NASDAQ |
+4.49 |
5,232.89 |
+0.09% |
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Advancers |
1,439 |
49% |
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Advancers |
1,363 |
48% |
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S&P 500 |
-1.74 |
2,184.05 |
-0.08% |
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Decliners |
1,516 |
51% |
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Decliners |
1,477 |
52% |
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Russell 2000 |
+0.70 |
1,229.82 |
+0.06% |
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52 Wk Highs |
163 |
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52 Wk Highs |
117 |
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S&P 600 |
-0.92 |
744.16 |
-0.12% |
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52 Wk Lows |
9 |
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52 Wk Lows |
30 |
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Indices Edged Lower Friday Yet Posted Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was up 0.2%, the S&P added 0.1%, and the Nasdaq gained 0.2%.Stocks finished mostly lower on Friday. The Dow was down 37 points to 18576. The S&P 500 lost 1 point to 2184 and the Nasdaq Composite gained 4 points to 5232. The volume totals were lighter than the prior session on the NYSE but and slightly higher on the Nasdaq exchange. Decliners narrowly led advancers on the NYSE and on the Nasdaq exchange. There were 32 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 50 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average is perched at a record high.
Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). See the Featured Stocks Pagewhich now lists a few noteworthy candidates that have made headway. The major averages pulled back from record highs on Friday as investors digested disappointing economic releases. Retail sales were unexpectedly unchanged in July, versus expectations of a 0.4% increase. In a separate release, producer prices fell 0.5% last month, below projections of a 0.1% gain. Finally, a University of Michigan preliminary report on consumer sentiment came in at 90.4, below analysts estimates of 91.5 reading. Seven of 10 sectors in the S&P 500 finished lower on the session. Materials led the losses with shares of Nucor Corp (NUE -3.17%). Wynn Resorts (WYNN -2.83%) slid after being the subject of negative commentary. In the retail space, Nordstrom (JWN +8.03%) climbed after the department store posted a smaller-than-expected drop in per-share profit. J.C. Penney (JCP +6.14%) was higher to $10.55 as the retailer’s earnings loss was less than anticipated. In Tech, Nvidia (NVDA +5.59%) rose as the chipmaker reported its fastest quarterly sales growth in nearly five years. Treasuries advanced with the benchmark 10-year note up 14/32 to yield 1.51%. In commodities, NYMEX WTI crude added 2.3% to $44.49/barrel. COMEX gold was down 0.5% to $1335.80/ounce. In FOREX, the Dollar Index fell 0.1%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech Indices and Retail Index Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.46%) and the Broker/Dealer Index ($XBD -0.38%) both edged lower while the Retail Index ($RLX +0.26%) posted a small gain on Friday. The tech sector was mostly positive as the Biotechnology Index ($BTK +0.33%), Semiconductor Index ($SOX +0.46%), and the Networking Index ($NWX +0.24%) each posted a modest gain. The Integrated Oil Index ($XOI +0.44%) eked out a modest gain while the Oil Services Index ($OSX -1.01%) and the Gold & Silver Index ($XAU -0.50%) both ended lower. Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI +0.44%) is consolidating above it s50-day moving average (DMA) line.
| Oil Services |
$OSX |
160.39 |
-1.63 |
-1.01% |
+1.69% |
| Integrated Oil |
$XOI |
1,137.01 |
+5.02 |
+0.44% |
+5.99% |
| Semiconductor |
$SOX |
779.84 |
+3.58 |
+0.46% |
+17.54% |
| Networking |
$NWX |
391.76 |
+0.95 |
+0.24% |
+4.21% |
| Broker/Dealer |
$XBD |
165.06 |
-0.63 |
-0.38% |
-7.32% |
| Retail |
$RLX |
1,380.11 |
+3.56 |
+0.26% |
+7.53% |
| Gold & Silver |
$XAU |
111.73 |
-0.56 |
-0.50% |
+146.64% |
| Bank |
$BKX |
69.05 |
-0.32 |
-0.46% |
-5.51% |
| Biotech |
$BTK |
3,339.50 |
+11.14 |
+0.33% |
-12.44% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Winning Fact-Based Investment System - Inquire Now! You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed in 2016 and beyond click here and indicate "Find a Broker". *Accounts over $250,000 please. **Serious inquires only, please. |
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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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
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$283.10
|
-2.91
-1.02% |
$284.49
|
337,370
50.81% of 50 DAV
50 DAV is 664,000
|
$289.67
-2.27%
|
5/11/2016
|
$248.33
|
PP = $245.00
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MB = $257.25
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Most Recent Note - 8/8/2016 5:40:21 PM
G - Touched a new high today but reversed into the red. Volume was below average while recently wedging into new all-time high territory. Its 50 DMA line and prior highs near $268 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gains Lack Great Volume While Wedging to New Highs - 7/27/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$14.19
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-0.55
-3.73% |
$14.74
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75,035
78.16% of 50 DAV
50 DAV is 96,000
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$16.77
-15.38%
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7/26/2016
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$15.79
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PP = $15.74
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MB = $16.53
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Most Recent Note - 8/12/2016 5:37:28 PM
Y - Pulled back to its 50 DMA line ($14.00). Prior lows (13.50) define near-term support. It negated the recent breakout by slumping back into the prior base raising concerns.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New Highs Clinched Technical Buy Signal - 7/26/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$205.87
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+5.58
2.79% |
$206.49
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1,108,415
100.67% of 50 DAV
50 DAV is 1,101,000
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$210.27
-2.09%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 8/12/2016 12:55:34 PM
G - Volume totals have been cooling while consolidating in a tight range near its high. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 and its 50 DMA line define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$38.82
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+0.48
1.25% |
$38.83
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90,852
47.07% of 50 DAV
50 DAV is 193,000
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$41.76
-7.04%
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7/13/2016
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$38.87
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PP = $39.29
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MB = $41.25
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Most Recent Note - 8/10/2016 5:43:18 PM
Y - Still consolidating above its 50 DMA line ($36.62) which defines near-term support to watch. Stalled after the 7/15/16 gain backed by +57% above average volume clinched a technical buy signal.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
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$18.05
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+0.42
2.38% |
$18.05
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1,553,608
121.00% of 50 DAV
50 DAV is 1,284,000
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$22.50
-19.78%
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5/16/2016
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$19.24
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PP = $19.20
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MB = $20.16
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Most Recent Note - 8/10/2016 2:07:07 PM
G - Rebounding slightly today. Gapped down on the prior session after reporting earnings +127% on +44% sales revenues for the Jun '16 quarter. Violated its 50 DMA line with a damaging volume-driven loss triggering a technical sell signal. Its 200 DMA line ($17.37) and prior lows define the next important support.
>>> FEATURED STOCK ARTICLE : Consolidating Near Highs Above its "Max Buy" Level - 7/29/2016 |
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News |
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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 |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
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$61.35
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-0.42
-0.68% |
$62.25
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144,772
95.24% of 50 DAV
50 DAV is 152,000
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$69.53
-11.76%
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5/24/2016
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$53.45
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PP = $50.68
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MB = $53.21
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Most Recent Note - 8/8/2016 5:42:15 PM
G - Pulled back today on higher (near average) volume, slumping toward its 50 DMA line ($59.63) defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Rallied +30% in 2 Months Since Breakout Was Featured - 7/28/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
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$63.89
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-0.15
-0.23% |
$64.05
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1,146,089
58.74% of 50 DAV
50 DAV is 1,951,000
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$64.47
-0.90%
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6/22/2016
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$57.71
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PP = $60.08
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MB = $63.08
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Most Recent Note - 8/8/2016 5:38:56 PM
G - Finished at a best-ever close with today's 4th consecutive small gain on below average volume, inching further above its "max buy" level. Rallied for new highs on 7/28/16 with +66% above average volume following strong earnings news.
>>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Following Volume-Driven Gain - 8/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$35.12
|
+1.14
3.35% |
$35.49
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86,016
97.75% of 50 DAV
50 DAV is 88,000
|
$37.00
-5.08%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
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Most Recent Note - 8/12/2016 5:38:24 PM
G - Powered to a best-ever close with today's 6th consecutive gain. Reported earnings +23% on +62% sales revenues, below the +25% minimum earnings guideline (C criteria), raising concerns. Its 50 DMA line and prior highs define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
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Company Profile |
SEC
News |
Chart |
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C
A
S
I |
SFBS
-
NASDAQ
"ServisFirst Bancshares, Inc"
BANKING - Regional - Southeast Banks
|
$50.63
|
+0.35
0.70% |
$50.73
|
37,241
37.43% of 50 DAV
50 DAV is 99,500
|
$53.58
-5.51%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 8/11/2016 5:40:41 PM
Y - Sputtering near its 50 DMA line ($50.16). A volume-driven gain and strong close above the pivot point are needed to clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior Highs - 7/20/2016 |
View all notes |
Set NEW NOTE alert |
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News |
Chart |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$56.87
|
+0.15
0.26% |
$56.97
|
104,443
46.01% of 50 DAV
50 DAV is 227,000
|
$58.78
-3.25%
|
8/5/2016
|
$51.72
|
PP = $56.08
|
|
MB = $58.88
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Most Recent Note - 8/9/2016 9:40:11 PM
Y - Rallied further into new high territory today with its 5th consecutive gain backed by higher volume triggering a technical buy signal. See the latest FSU analysis for more details and a new annotated graph."
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Following Rebound - 8/5/2016 |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$27.75
|
+0.27
0.98% |
$27.98
|
565,044
58.49% of 50 DAV
50 DAV is 966,000
|
$28.72
-3.38%
|
7/19/2016
|
$26.42
|
PP = $28.82
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MB = $30.26
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Most Recent Note - 8/8/2016 5:47:06 PM
Y - Wedging higher with gains lacking great volume conviction after it found prompt support at its 50 DMA line and managed a "positive reversal" when last noted on 8/03/16. Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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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