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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 13TH, 2019
Previous After Market Report Next After Market Report >>>
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DOW |
+92.10 |
27,783.59 |
+0.33% |
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Volume |
798,581,210 |
+1% |
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Volume |
2,158,524,230 |
+9% |
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NASDAQ |
-3.99 |
8,482.10 |
-0.05% |
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Advancers |
1,320 |
46% |
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Advancers |
1,270 |
41% |
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S&P 500 |
+2.20 |
3,094.04 |
+0.07% |
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Decliners |
1,542 |
54% |
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Decliners |
1,822 |
59% |
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Russell 2000 |
-5.94 |
1,589.18 |
-0.37% |
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52 Wk Highs |
74 |
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52 Wk Highs |
106 |
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S&P 600 |
-5.85 |
979.62 |
-0.59% |
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52 Wk Lows |
69 |
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52 Wk Lows |
126 |
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Distributional Pressure Weighs on Market
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow gained 92 points, to hit a fresh all-time high, while the S&P 500 ticked up 0.1% to also reach a new record level. The Nasdaq Composite lost less than 0.1%. Decliners led advancers by an 8-7 margin on the NYSE and 3-2 on the Nasdaq exchange. Volume totals reported were higher than the prior session on both major exchanges, indicative of distributional pressure. Leadership thinned as there were 38 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 64 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE but new lows outnumbered new highs on the Nasdaq exchange . The major indices (M criteria) are in a "confirmed uptrend" after enduring distributional pressure in recent weeks. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The S&P 500 Index is perched at its record high.
U.S. equities finished mixed Wednesday as investors digested central bank news and trade uncertainty. In central bank news, Fed Chair Jerome Powell reiterated that the current state of monetary policy is likely to remain unchanged, contingent on the economy’s ability to sustain growth. However, investor sentiment was dented by reports that U.S.-China trade talks hit a roadblock over agricultural purchases, intellectual property, and tariff roll backs.
Treasuries advanced, with the yield on the 10-year note losing three basis points to 1.88%. On the data front, consumer prices rose 0.4% last month, jumping the highest level in seven months. Core CPI (excluding food and energy) gained 2.3% year-over-year in October, slowing slightly from the previous 2.4% pace. In commodities, WTI crude rose 0.8% to $57.25/barrel, while COMEX gold gained 0.8% to $1,464.50/ounce despite the U.S. dollar climbing to the highest point in a month.
Six of 11 S&P 500 sectors ended the session in positive territory with Utilities and Real Estate outperforming. Shares of Walt Disney Co. (DIS +7.32%) jumped to record levels after its new streaming service Disney+ topped 10 million subscribers. In earnings, Skyworks Solutions (SWKS -0.44%) edged lower despite the chipmaker exceeding Wall Street earnings and revenue expectations. Energizer Holdings (ENR +15.19%) rallied following its top and bottom line beat. Canada Goose (GOOS -10.84%) fell after releasing warnings of lower wholesale revenues.
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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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Gold & Silver and Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -1.06%), Broker/Dealer Index ($XBD -0.87%), and the Retail Index ($RLX -0.61%) each created a drag on the major indices. The tech sector was mixed as the Networking Index ($NWX -0.22%) edged lower, the Semiconductor Index ($SOX +0.02%) finished flat, and the Biotech Index ($BTK +0.43%) edged higher. Commodity-linked groups were mixed as the Oil Services Index ($OSX -2.35%) outpaced the Integrated Oil Index ($XOI -0.56%) to the downside while the Gold & Silver Index ($XAU +0.71%) notched a standout gain.
PICTURED: The Oil Services Index ($OSX -2.35%) fell back below its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
67.09 |
-1.61 |
-2.34% |
-16.76% |
| Integrated Oil |
$XOI |
1,239.69 |
-6.94 |
-0.56% |
+6.95% |
| Semiconductor |
$SOX |
1,732.86 |
+0.44 |
+0.03% |
+50.01% |
| Networking |
$NWX |
583.02 |
-1.30 |
-0.22% |
+19.31% |
| Broker/Dealer |
$XBD |
271.55 |
-2.39 |
-0.87% |
+14.41% |
| Retail |
$RLX |
2,371.85 |
-14.57 |
-0.61% |
+21.55% |
| Gold & Silver |
$XAU |
93.26 |
+0.66 |
+0.71% |
+31.98% |
| Bank |
$BKX |
107.89 |
-1.16 |
-1.06% |
+25.76% |
| Biotech |
$BTK |
4,597.83 |
+19.83 |
+0.43% |
+8.93% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information. |
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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 |
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Max Buy |
MLR
-
NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts
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$35.68
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-0.28
-0.78% |
$36.60
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44,552
106.08% of 50 DAV
50 DAV is 42,000
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$37.70
-5.36%
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9/24/2019
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$34.00
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PP = $35.36
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MB = $37.13
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Most Recent Note - 11/13/2019 5:32:51 PM
Y - Retreated from its 52-week high with recent losses backed by above average volume. Prior highs in the $35 area define initial support above its 50 DMA line ($33.67). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hit New High But Did Not Close Session Above Pivot Point - 10/29/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
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C
A
S
I |
CCBG
-
NASDAQ
Capital City Bk Gp
BANKING - Regional - Mid-Atlantic Banks
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$29.55
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-0.30
-1.01% |
$29.83
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21,842
60.67% of 50 DAV
50 DAV is 36,000
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$30.85
-4.21%
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9/13/2019
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$27.03
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PP = $27.05
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MB = $28.40
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Most Recent Note - 11/13/2019 5:31:23 PM
G - Sputtering since a noted "negative reversal" on 11/07/19 after hitting another new 52-week high. Extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.51).
>>> FEATURED STOCK ARTICLE : Noted "Positive Reversal" on Volatile Session After Earnings - 10/31/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
FTNT
-
NASDAQ
Fortinet Inc
Computer Sftwr-Security
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$99.67
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-0.32
-0.32% |
$100.33
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1,056,121
78.58% of 50 DAV
50 DAV is 1,344,000
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$100.08
-0.41%
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11/11/2019
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$97.14
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PP = $97.06
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MB = $101.91
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Most Recent Note - 11/12/2019 5:44:40 PM
Y - Posted a solid gain above its new pivot point today backed by +85% above average volume triggering a new (or add-on) technical buy signal. Gapped up on 11/01/19 helping its outlook to improve. Bullish action came after it reported earnings +37% on +21% sales revenues for the Sep '19 quarter versus the year ago period. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Reversed Into Red Today After Touching New High - 11/11/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
AUDC
-
NASDAQ
Audiocodes Ltd
ELECTRONICS - Scientific and Technical Instrum
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$21.35
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-0.29
-1.34% |
$21.60
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122,753
47.76% of 50 DAV
50 DAV is 257,000
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$22.50
-5.11%
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9/13/2019
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$19.68
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PP = $19.84
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MB = $20.83
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Most Recent Note - 11/11/2019 12:44:57 PM
G - Rebounded from early lows today below its "max buy" level. Reported earnings +26% on +15% sales revenues for the Sep '19 quarter. Its 50 DMA line ($19.31) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch.
>>> FEATURED STOCK ARTICLE : Audiocodes is Quietly Perched Near its All-Time High - 11/7/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
CHDN
-
NASDAQ
Churchill Downs Inc
LEISURE - Gaming Activities
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$125.95
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+0.07
0.06% |
$127.23
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185,654
66.07% of 50 DAV
50 DAV is 281,000
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$135.32
-6.92%
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10/8/2019
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$129.77
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PP = $132.83
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MB = $139.47
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Most Recent Note - 11/11/2019 11:46:18 AM
G - Technically, meeting resistance at its 50 DMA line ($126.53) when trying to rebound following damaging volume-driven losses last week. Reported Sep '19 earnings +4% on +38% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria), raising greater fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched at Record High at Time of Quarterly Report - 10/30/2019 |
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SEC
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 |
LULU
-
NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing
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$211.11
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+3.30
1.59% |
$211.31
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1,724,321
87.80% of 50 DAV
50 DAV is 1,964,000
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$209.02
1.00%
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9/6/2019
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$201.25
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PP = $194.35
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MB = $204.07
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Most Recent Note - 11/11/2019 11:49:05 AM
G - After wedging higher with gains lacking great volume conviction it found prompt support again near its 50 DMA line ($197.41). The prior low ($185.36 on 10/03/19) defines the next important near-term support.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average With Loss on Above Average Volume - 11/4/2019 |
View all notes |
Set NEW NOTE alert |
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SEC
News |
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C
A
S
I |
CPRT
-
NASDAQ
Copart Inc
SPECIALTY RETAIL - Auto Dealerships
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$83.60
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+1.30
1.58% |
$83.90
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1,462,002
96.69% of 50 DAV
50 DAV is 1,512,000
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$85.31
-2.00%
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9/5/2019
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$79.13
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PP = $79.84
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MB = $83.83
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Most Recent Note - 11/11/2019 11:47:40 AM
Y - Still consolidating below its "max buy" level and finding support above its 50 DMA line ($81.47). The 50 DMA line defines near-term support above the prior low ($76.35 on 10/03/19). Wedged to new all-time highs with recent gains lacking great volume conviction.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average - 11/6/2019 |
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SEC
News |
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C
A
S
I |
NMIH
-
NASDAQ
N M I Holdings Inc Cl A
Finance-MrtgandRel Svc
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$34.37
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+0.78
2.32% |
$34.50
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588,522
142.16% of 50 DAV
50 DAV is 414,000
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$33.88
1.45%
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11/8/2019
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$32.89
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PP = $31.44
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MB = $33.01
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Most Recent Note - 11/12/2019 5:46:14 PM
G - Color code is changed to green after rising above its "max buy" level with today's gain backed by near average volume. Reported earnings +54% on +42% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were also well above the +25% minimum guideline (C criteria). After years of losses it had profitable years for FY '16, '17, and '18.
>>> FEATURED STOCK ARTICLE : Hit New High With Volume-Driven Gains - 11/8/2019 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
BLD
-
NYSE
Topbuild Corp
Bldg-Constr Prds/Misc
|
$109.50
|
+2.18
2.03% |
$109.93
|
220,478
76.82% of 50 DAV
50 DAV is 287,000
|
$111.48
-1.78%
|
5/17/2019
|
$82.19
|
PP = $87.31
|
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MB = $91.68
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Most Recent Note - 11/12/2019 5:43:01 PM
G - Extended from any sound base and consolidating after volume-driven gains for new all-time highs. Reported earnings +24% on +5% sales revenues for the Sep '19 quarter versus the year ago period, just below the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line ($98.13) during its ongoing ascent. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near High Following Recent Volume-Driven Gains - 11/12/2019 |
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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