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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 11TH, 2015
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DOW |
-55.99 |
17,702.22 |
-0.32% |
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Volume |
789,623,950 |
-4% |
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Volume |
1,548,178,640 |
-11% |
NASDAQ |
-16.22 |
5,067.02 |
-0.32% |
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Advancers |
1,305 |
43% |
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Advancers |
1,017 |
36% |
S&P 500 |
-6.72 |
2,075.00 |
-0.32% |
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Decliners |
1,739 |
57% |
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Decliners |
1,817 |
64% |
Russell 2000 |
-9.63 |
1,178.07 |
-0.81% |
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52 Wk Highs |
60 |
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52 Wk Highs |
95 |
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S&P 600 |
-5.57 |
693.99 |
-0.80% |
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52 Wk Lows |
116 |
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52 Wk Lows |
115 |
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New Lows List Expands as Major Averages Pull Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks slid lower on Wednesday. The Dow was off 55 points to 17702. The S&P 500 declined 6 points to 2075. The NASDAQ slid 16 points to 5067. Volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by almost a 3-2 margin on the NYSE and 9-5 on the Nasdaq exchange. Leadership expanded as there were 63 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 32 on the prior session. New 52-week lows totals expanded and again outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There was only 1 gainer from the 11 high-ranked companies currently on the Featured Stocks Page, a disproportionately negative bias versus what was shown by the broader market. PICTURED: The S&P 500 Index is perched only -2.76% off its all-time high.
The major indices have established a confirmed uptrend (M criteria). Coupled with a reassuring expansion in leadership (stocks hitting new 52-week highs) big gains helped the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index unanimously rally above their respective 200-day moving average lines. The market environment is technically in healthier shape. New buying efforts may be considered in stocks meeting all key criteria, and some new candidates have met the strict guidelines of the fact-based investment system in the recent recovery.The major averages retreated mildly amid a slow day for market news. Banks and bonds were closed for the Veterans Day holiday while investor attention turned to China’s Singles’ Day online shopping event. In Federal Reserve news, San Francisco president Williams said in an interview today that he sees a very strong case for the Fed to raise rates at its December meeting. In earnings news, Macy’s (M -13.99%) tumbled after cutting forward guidance. In M&A news, Anheuser-Busch InBev (BUD +2.77%) after formally offering $107 billion to purchase rival SABMiller (SBMRY +1.90%). Shares of Alibaba (BABA -1.94%) fell amid Singles’ Day, the single largest online shopping day of the year. Six out of ten sectors in the S&P 500 finished lower on the session. Utilities and telecom stocks paced the gains while falling oil prices led to underperformance in the energy sector. Treasuries were flat as the bond market is closed for Veterans Day. In commodities, WTI crude dropped 2.6% on the NYMEX to $43.07/barrel. Gold lost 0.4% to $1084.00/ounce on the COMEX. In FOREX, the dollar index moved lower with weakness against the pound.
The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Biotech, and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.72%) had a negative influence on the major averages while the Bank Index ($BKX -0.36%) edged lower and the Broker/Dealer Index ($XBD +0%) finished flat. The Biotechnology Index ($BTK -2.06%) sank while the Networking Index ($NWX +0.31%) inched higher and the Semiconductor Index ($SOX +0.05%) finished flat . The Integrated Oil Index ($XOI -1.86%) and the Oil Services Index ($OSX -1.84%) both ended lower, meanwhile the Gold & Silver Index ($XAU +0.58%) posted a modest gain. PICTURED: The Semiconductor Index ($SOX +0.05%) recently slumped back below its 200-day moving average (DMA) line.
Oil Services |
$OSX |
177.80 |
-3.33 |
-1.84% |
-15.68% |
Integrated Oil |
$XOI |
1,193.14 |
-22.63 |
-1.86% |
-11.50% |
Semiconductor |
$SOX |
658.28 |
+0.32 |
+0.05% |
-4.16% |
Networking |
$NWX |
389.74 |
+1.21 |
+0.31% |
+8.88% |
Broker/Dealer |
$XBD |
184.50 |
+0.01 |
+0.00% |
-0.08% |
Retail |
$RLX |
1,283.54 |
-9.27 |
-0.72% |
+24.29% |
Gold & Silver |
$XAU |
45.94 |
+0.26 |
+0.57% |
-33.21% |
Bank |
$BKX |
75.70 |
-0.28 |
-0.37% |
+1.94% |
Biotech |
$BTK |
3,668.49 |
-77.18 |
-2.06% |
+6.67% |
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Gap Up Gain Getting More Extended From Prior Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Luxoft Holding Inc Cl A (LXFT +$4.91 or +6.98% to $75.21) posted a solid volume-driven gain today. It is very extended from the prior base after rallying above its "max buy" level, and its color code was changed to green. Disciplined investors avoid chasing extended stocks.
Continuing its strong earning track record, it reported Sep '15 earnings +45% on +29% sales revenues and raised guidance. Earnings +36% on +32% sales revenues for the Jun '15 quarter, so it has a strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods.
LXFT found prompt support after was last shown in this FSU section on 10/26/15 with an annotated graph under the headline, "Retreat Into Prior Base Following Latest Breakout". It was first highlighted in yellow with a pivot point cited based on its 4/23/15 high plus 10 cents in the 5/26/15 mid-day report (read here). The number of top-rated funds owning its shares rose from 185 in Jun '14 to 291 in Sep '15, a reassuring sign concerning the I criteria. It has earned a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of only 30.6 million shares (S criteria) in the public float can contribute to greater 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 |
PNFP
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$55.03
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-0.96
-1.71% |
$56.10
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179,672 104.46% of 50 DAV
50 DAV is 172,000
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$57.99 -5.10%
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11/6/2015
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$56.34
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PP = $55.58
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MB = $58.36
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Most Recent Note - 11/9/2015 5:41:45 PM
Y - Pulled back today after triggering a technical buy signal on the prior session. Found support at its 200 DMA line during its consolidation in prior months. Reported earnings +27% on +35% sales revenues for the Sep '15 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria) helping it better match the fact-based investment system's guidelines. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$56.61
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-0.04
-0.07% |
$58.58
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182,082 92.43% of 50 DAV
50 DAV is 197,000
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$56.95 -0.60%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 11/11/2015 10:08:40 AM
G - Getting very extended from its prior base and hitting yet another new 52-week high with today's big gain. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 |
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C
A
S
I |
MANH
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$74.88
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-0.24
-0.32% |
$76.43
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383,947 72.72% of 50 DAV
50 DAV is 528,000
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$76.49 -2.10%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 11/9/2015 5:43:22 PM
G - Pulled back on average volume after hitting a new high on the prior session. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Prior Highs Define Support Following Recent Breakout - 11/2/2015 |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$60.21
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-0.90
-1.47% |
$61.88
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83,936 114.98% of 50 DAV
50 DAV is 73,000
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$66.29 -9.17%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 11/11/2015 5:18:20 PM
G - Consolidating near its "max buy" level. Prior highs in the $57 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Small Supply in Food Firm Tecnically Breaking Out - 10/27/2015 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$99.60
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-0.54
-0.54% |
$100.71
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186,538 67.34% of 50 DAV
50 DAV is 277,000
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$106.43 -6.42%
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11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 11/9/2015 1:14:11 PM
G - Pulling back today after quickly getting very extended from prior highs with a "breakaway gap" backed by nearly 8 times average volume on the prior session. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Big Breakaway Gap With Heavy Volume Following Earnings News - 11/6/2015 |
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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 |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$205.07
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-0.65
-0.32% |
$208.16
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155,418 60.95% of 50 DAV
50 DAV is 255,000
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$216.27 -5.18%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 11/11/2015 5:19:17 PM
G - Quietly consolidating near its "max buy" level. Prior highs in the $195 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By Heavy Volume - 10/28/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$170.69
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-3.39
-1.95% |
$174.67
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569,818 78.06% of 50 DAV
50 DAV is 730,000
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$176.77 -3.44%
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10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 11/10/2015 7:23:04 PM
Y - Posted a gain today with light volume, ending within close striking distance of its all-time high. No resistance remains due to overhead supply, however, its has not posted a gain above the pivot point backed by at least +40% above average volume, and a convincing gain is still needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Recent Gains Lacked Volume Indicative of Institutional Buying Demand - 10/29/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$59.96
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-0.74
-1.22% |
$61.75
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345,144 82.37% of 50 DAV
50 DAV is 419,000
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$61.53 -2.55%
|
9/23/2015
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$51.26
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PP = $52.55
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MB = $55.18
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Most Recent Note - 11/10/2015 7:17:30 PM
G - Hit another new high today, getting more extended from its prior base. Recent highs in the $56 area define near-term support to watch above its 50 DMA line ($51.85).
>>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$75.21
|
+4.91
6.98% |
$77.39
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628,416 284.35% of 50 DAV
50 DAV is 221,000
|
$71.92 4.57%
|
10/22/2015
|
$66.65
|
PP = $68.95
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MB = $72.40
|
Most Recent Note - 11/11/2015 1:07:44 PM
G - Getting extended from the prior base, rallying above its "max buy" level, and its color code was changed to green. Reported Sep '15 earnings +45% on +29% sales revenues and raised guidance. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
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$17.47
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-0.03
-0.17% |
$17.75
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24,235 142.56% of 50 DAV
50 DAV is 17,000
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$17.95 -2.67%
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11/4/2015
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$17.00
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PP = $18.05
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MB = $18.95
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Most Recent Note - 11/11/2015 1:26:34 PM
Y - Churning more volume today but making no progress, a sign of mild distributional pressure after a light volume gain for a best-ever close on the prior session. Members were recently reminded - "Subsequent gains above its pivot point backed by at least +40% above average volume may trigger a technical buy signal."
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs in 19-Week Base - 11/4/2015 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$52.14
|
-1.22
-2.29% |
$53.66
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182,708 53.27% of 50 DAV
50 DAV is 343,000
|
$55.45 -5.97%
|
10/23/2015
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$42.12
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PP = $44.85
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MB = $47.09
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Most Recent Note - 11/10/2015 7:13:38 PM
G - Wedging higher with recent gains. Held its ground following a breakout and gains with much higher volume totals. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 |
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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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