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AFTER MARKET UPDATE - THURSDAY, MARCH 17TH, 2011
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Indices NYSE Nasdaq
DOW  +161.29 11,774.59 +1.39% Volume 1,036,727,690 -29% Volume 1,940,568,260 -24%
NASDAQ +19.23 2,636.05 +0.73% Advancers 2,201 71% Advancers 1,576 58%
S&P 500 +16.84 1,273.72 +1.34% Decliners 821 26% Decliners 1,017 37%
Russell 2000 +3.62 785.52 +0.46% 52 Wk Highs 29   52 Wk Highs 35  
S&P 600 +1.90 417.15 +0.46% 52 Wk Lows 28   52 Wk Lows 56  

Major Averages Posted Gains But Volume Lacked Conviction

The major averages dug in their heels and showed signs of halting their latest correction, finishing with unanimous gains on Thursday. Advancers led decliners by a 3-2 ratio on the Nasdaq exchange and by an 11-4 ratio on the NYSE. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange versus the prior session's totals, whereas gains on heavier volume would have signaled more serious accumulation of stocks by institutional investors. New 52-week lows outnumbered new 52-week highs on the Nasdaq exchange yet on the NYSE the new highs and new lows totals were almost evenly matched. There were 15 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down a notch from a total of 16 on the prior session. On the Featured Stocks Page there were gains from 11 of the 19 high-ranked market leaders currently listed.

 

Economic reports showed improvement in the U.S. job market and a continuing rebound in manufacturing. Initial jobless claims declined 16,000 to 385,000 last week, in line with forecasts. Ongoing claims dropped to the lowest level since October 2008. A gauge of manufacturing in the mid-Atlantic region jumped in February to the highest point since January 1984. The survey from the Federal Reserve's Philadelphia branch showed new orders soared. Industrial production unexpectedly dropped in February, but the decline was due to the impact of milder weather on utilities. February consumer prices rose 0.5%, slightly above expectations.

Stocks were rebounding from three days of losses. Energy stocks gained as the price of oil rose and closed above $101 per barrel.  FedEx Corp (FDX +3.15%) rallied after its fourth quarter earnings forecast beat estimates.

Hopes are high that workers at a damaged nuclear plant in Japan will be able to connect a power line to restart damaged cooling systems. Meanwhile, G-7 finance chiefs will hold talks on financial markets and Japan's economy on Friday. The US dollar had dropped to an all-time low against the Japanese yen late Wednesday, reaching 76.53 yen to the dollar. Friday's session will also mark the quarterly options expirations day known as "quadruple witching" which typically results in higher volume totals on the exchanges. 

More damaging distributional action has the potential to lead to a much more substantial correction for the major averages (bad M criteria). During a correction investors should raise their cash levels and reduce stock market exposure. New buying efforts should be avoided until a new rally with a follow-through day (FTD) provides a fresh confirmation that buying demand from the institutional crowd is returning again.  Even after a FTD, marked by an expansion in volume and stocks hitting new highs with higher volume, buying efforts should only be cautiously and carefully made when all of the investment system's key criteria are met.

PICTURED: The S&P 600 Small-Cap Index recently violated its 50-day moving average (DMA) line.  The 410 level defines the next chart support area.


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.


Energy Group Led Gainers

Energy-related shares were strong gainers as the Integrated Oil Index ($XOI +2.80%) and Oil Services Index ($OSX +3.67%) led widespread gains.  The Broker/Dealer Index ($XBD +1.40%) and Bank Index ($BKX +1.44%) also helped to underpin the major averages, however the financial groups' recent weakness has previously been noted for having raised concerns and hurt the near-term market outlook. The Healthcare Index ($HMO +1.01%) and Gold & Silver Index ($XAU +1.24%) provided modest gains for defensively positioned investors.  The Semiconductor Index ($SOX +1.34%) led the tech sector while the Internet Index ($IIX +0.32%) and Biotechnology Index ($BTK +0.48%) posted smaller gains, but the Networking Index ($NWX +0.03%) finished flat and the Retail Index ($RLX -0.15%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +3.67%) was a standout gainer on Thursday after halting its slide at its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  279.01 +9.88 +3.67% +13.83%
Healthcare $HMO  2,010.81 +20.03 +1.01% +18.84%
Integrated Oil $XOI  1,310.86 +35.70 +2.80% +8.05%
Semiconductor $SOX  417.97 +5.53 +1.34% +1.49%
Networking $NWX  312.36 +0.09 +0.03% +11.34%
Internet $IIX  302.30 +0.95 +0.32% -1.76%
Broker/Dealer $XBD  116.96 +1.61 +1.40% -3.75%
Retail $RLX  494.11 -0.72 -0.15% -2.81%
Gold & Silver $XAU  202.04 +2.47 +1.24% -10.83%
Bank $BKX  51.55 +0.73 +1.44% -1.26%
Biotech $BTK  1,254.75 +6.00 +0.48% -3.30%


Pyramiding Technique May Have Minimized Exposure To Loss

The headline to the article linked to below will take you to the last article from this FSU section on a high-ranked leader in which we outlined a strategy is known as "pyramiding".  The pyramiding approach is extremely useful when used properly, as it lets the market action help to dictate how heavily you invest.  Disciplined investors who may have made an initial purchase of a half-position would not have added any additional shares before the latest pullback likely prompted them to sell per the -7% sell rule. Thus, the loss would have been minimized versus a scenario where one had immediately jumped into a full position. Keep in mind that at a future point, if the market (M criteria) and the stock show renewed strength and bullish characteristics, another opportunity to accumulate shares within the system's guidelines may eventually present itself. Meanwhile, losses must always be limited in order to avoid the possibility of more substantial erosion of your precious investment capital.

Cognizant Technology Solutions Corp. (CTSH +$1.20 or +1.65% to $74.13) halted its slide today after 3 consecutive losses violated its 50-day moving average (DMA) line and its previously noted chart low ($73.25 on 2/23/11). Its color code was changed to green after the damaging technical violations. Any subsequent violation of its latest low of $70.53, which closely coincides with its earlier 1/28/11 low, would raise more serious concerns and trigger more worrisome technical sell signals.  Meanwhile, a prompt rebound above its short-term average would help its outlook greatly.

Its Relative Strength rank fell below the 80+ guideline and Accumulation/Distribution rating has slumped from a B- to a D (see red circles) and CTSH obviously didn't ever manage to rally beyond its "max buy" level following its last appearance in the Featured Stock Update (FSU) section on 2/08/11 with an annotated graph under the headline, "Minimal Volume Increase With Gain Just Above Pivot Point". At that time it had posted a gain with +40% above average volume while rallying from a short flat base above its 50-day moving average (DMA) line. That helped the high-ranked leader hailing from the strong Computer-tech Services group rise with the bare minimum volume required for a new buy signal as it closed the session above the pivot point cited in the 2/07/11 mid-day report (read here). As the 2/08/11 analysis stated - "In recent months we have seen articles in the paper refer to a +40% above average volume threshold, after primarily standing by a +50% above average volume threshold as the minimum for a proper technical buy signal for as long as this analyst can remember. Additionally, it has been emphasized that the investment system's biggest winners identified in past models commonly showed an undeniable surge in buying demand with volume spiking many-fold over their typical daily volume totals while they posted meaningful gains." 


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
BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$121.64 +1.08
0.90%

$123.95

6,131,774
89.98% of 50 DAV
50 DAV is 6,814,900
$131.63
-7.59%
3/17/2011 $121.97 PP = $131.73
MB = $138.32
Most Recent Note - 3/17/2011 3:47:26 PM
Y - Color code is changed to yellow with new pivot point cited based on its 52-week high plus 10 cents after consolidating for the past 5 weeks above support at its 50 DMA line. Volume-driven gains above its pivot point and a new rally with follow-through day from at least one of the major averages (M criteria) are necessary first in order to justify new (or add-on) buying efforts under the system's guidelines. Its recent chart low ($112.95 on 2/23/11) is the next important chart support to watch below its short-term average.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/9/2011. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$251.66 -6.56
-2.54%

$263.00

1,003,042
93.49% of 50 DAV
50 DAV is 1,072,900
$275.00
-8.49%
2/11/2011 $271.15 PP = $262.87
MB = $276.01
Most Recent Note - 3/17/2011 3:49:40 PM
G - Perched -8% of its all-time high today. Reassuring signs of support have been noted while consolidating above its 50 DMA line and prior highs in the $237 area. Subsequent violations and damaging losses would raise greater concerns and trigger technical sell signals. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/14/2011. Click here.

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CRUS - NASDAQ
Cirrus Logic Inc
ELECTRONICS - Semiconductor - Specialized  
$20.45 +0.14
0.69%

$21.14

2,372,213
61.37% of 50 DAV
50 DAV is 3,865,300
$25.48
-19.74%
1/28/2011 $20.69 PP = $19.17
MB = $20.13
Most Recent Note - 3/17/2011 11:24:02 AM
G - Up today, but still trading below its 50 DMA line, and the longer it lingers below that important short-term average the worse its outlook gets. Further deterioration under recent lows near $20 and more damaging losses would trigger more worrisome technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/4/2011. Click here.

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CTSH - NASDAQ
Cognizant Tech Sol Cl A
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$74.70 +1.77
2.43%

$74.87

2,085,754
87.82% of 50 DAV
50 DAV is 2,375,100
$78.69
-5.07%
2/7/2011 $75.09 PP = $76.46
MB = $80.28
Most Recent Note - 3/17/2011 3:42:07 PM
G - Halted its slide today after 3 consecutive losses violated its 50 DMA line and its previously noted chart low ($73.25 on 2/23/11). Color code was changed to green after the damaging technical violations. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/17/2011. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$79.51 -0.61
-0.76%

$81.50

1,321,645
83.94% of 50 DAV
50 DAV is 1,574,500
$94.70
-16.04%
2/3/2011 $79.61 PP = $82.67
MB = $86.80
Most Recent Note - 3/16/2011 7:52:17 PM
G - Down again today with below average volume. Slumping further below its 50 DMA line raises greater concerns and hurts its technical outlook.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/3/2011. Click here.

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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
EBIX - NASDAQ
Ebix Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$27.60 -0.14
-0.50%

$28.38

464,643
76.06% of 50 DAV
50 DAV is 610,900
$29.61
-6.79%
2/28/2011 $25.70 PP = $25.97
MB = $27.27
Most Recent Note - 3/15/2011 4:23:30 PM
G - Overcame early weakness today and managed a positive reversal for a gain with above average volume. Wider than usual intra-day swings are a sign of uncertainty while distributional action recently raised concerns. Prior highs in the $25-26 area define important chart support to watch along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2011. Click here.

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EZCH - NASDAQ
Ezchip Semiconductor Ltd
ELECTRONICS - Semiconductor - Specialized  
$27.78 +0.15
0.54%

$28.30

344,723
84.68% of 50 DAV
50 DAV is 407,100
$33.48
-17.03%
12/2/2010 $27.53 PP = $26.00
MB = $27.30
Most Recent Note - 3/16/2011 7:43:42 PM
Slumped to a lower close today raising greater concerns after intra-day trading on the prior session below the neckline (at $27.00) of the previously noted head-and-shoulders pattern. Its rising 200 DMA line and earlier lows define the next support. Based on weakness it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/1/2011. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$27.00 +0.09
0.33%

$27.42

162,602
43.31% of 50 DAV
50 DAV is 375,400
$29.94
-9.82%
2/18/2011 $27.94 PP = $30.04
MB = $31.54
Most Recent Note - 3/16/2011 8:00:55 PM
G - Down today for a 6th consecutive loss without great volume conviction while slumping further below its 50 DMA line. The recent low ($25.56 on 1/25/11) defines the next important support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/10/2011. Click here.

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FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$81.04 -0.73
-0.89%

$83.84

874,228
91.74% of 50 DAV
50 DAV is 952,900
$85.20
-4.88%
2/1/2011 $73.30 PP = $74.44
MB = $78.16
Most Recent Note - 3/15/2011 10:18:21 AM
G - Pulling back from its all-time high with today's 4th consecutive small loss following a spurt of volume-driven gains. It is still extended from its prior base. It found support at its 50 DMA line while consolidating above prior resistance in the $74 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/24/2011. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$79.01 +0.23
0.29%

$79.67

133,064
76.61% of 50 DAV
50 DAV is 173,700
$81.36
-2.89%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 3/15/2011 10:20:31 AM
G - Pulling back from its all-time high with today's 4th consecutive loss. It is extended from any sound base pattern. Support to watch is defined by prior chart highs and its 50 DMA line in the $67 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/16/2011. Click here.

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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
JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$54.46 +1.44
2.72%

$56.26

248,085
181.08% of 50 DAV
50 DAV is 137,000
$64.55
-15.63%
2/7/2011 $59.23 PP = $61.38
MB = $64.45
Most Recent Note - 3/16/2011 7:56:53 PM
Finished near the session low with an 8th loss in 9 sessions today. Slumping to a close further below its 50 DMA line after intra-day lows on the prior session violated a previously noted low ($52.58 on 1/28/11) raising concerns. Based on weak action it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/11/2011. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$76.37 -2.98
-3.76%

$80.77

7,881,979
389.10% of 50 DAV
50 DAV is 2,025,700
$85.28
-10.45%
1/26/2011 $68.11 PP = $74.70
MB = $78.44
Most Recent Note - 3/17/2011 11:20:45 AM
G - Down today with heavy volume after reporting earnings per share +60% on +53% revenues for the quarter ended January 31, 2011 versus the year ago period. Volume and volatility often increase near earnings news. It is again testing its 50 DMA line, a classic chart support level. As previously noted - "A close below a significant prior high close ($73.51 on 12/21/10) would completely negate its latest breakout, raising more serious concerns."
>>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2011. Click here.

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MG - NYSE
Mistras Group Inc
DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services  
$16.32 +0.13
0.80%

$16.51

73,149
74.87% of 50 DAV
50 DAV is 97,700
$16.60
-1.69%
3/15/2011 $15.48 PP = $15.90
MB = $16.70
Most Recent Note - 3/16/2011 1:38:52 PM
Y - Holding its ground today. It triggered a technical buy signal after noted in the 3/15/11 mid-day report - "Finding support at its 50 DMA line this week while still holding its ground stubbornly in a tight trading range since a considerable 'breakaway gap' on 1/12/11 for new highs. No resistance remains due to overhead supply. Color code is changed to yellow with pivot point cited based on its 52-week high plus 10 cents. Market conditions (M criteria) argue against new buying efforts until a new confirmed rally with follow-through day, meanwhile it is poised for a possible breakout. Recent quarterly comparisons showed solid sales and earnings increases versus the year earlier." See the FSU analysis for additional details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2011. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$74.63 +0.06
0.08%

$75.99

26,813
29.69% of 50 DAV
50 DAV is 90,300
$78.48
-4.91%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 3/16/2011 8:03:31 PM
G - Today's 5th consecutive loss leaves its -5% off its all-time high, still extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2011. Click here.

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OPEN - NASDAQ
Opentable Inc
INTERNET - Internet Software and Services  
$90.33 +1.87
2.11%

$91.14

951,020
83.35% of 50 DAV
50 DAV is 1,141,000
$95.97
-5.88%
3/17/2011 $90.71 PP = $96.07
MB = $100.87
Most Recent Note - 3/17/2011 11:31:02 AM
Y - Color code is changed to yellow after it has formed a sound new flat base pattern of sufficient length. Volume-driven gains above the new pivot point cited and a confirmed rally with follow-through day may eventually justify new (or add-on) buying efforts under the investment system guidelines. Important support to watch in the meanwhile is at its 50 DMA line and prior chart highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/15/2011. Click here.

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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
ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$30.55 +0.35
1.16%

$31.05

31,492,517
124.06% of 50 DAV
50 DAV is 25,385,300
$33.71
-9.37%
1/20/2011 $32.31 PP = $32.37
MB = $33.99
Most Recent Note - 3/16/2011 7:50:39 PM
Down again today with heavier volume indicative of distributional pressure, slumping further below its 50 DMA line after violating the prior low previously noted ($30.80 on 1/10/11). Its Relative Strength rank (now 69) has fallen below the 80+ guideline required of proper buy candidates. It faces overhead supply up through $33 now after 3 months of trading at higher levels. Based on weak action it will be dropped from the Featured Stocks list tonight.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/22/2011. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$52.39 +0.14
0.27%

$53.85

2,728,007
145.39% of 50 DAV
50 DAV is 1,876,400
$52.77
-0.72%
1/27/2011 $41.77 PP = $44.97
MB = $47.22
Most Recent Note - 3/16/2011 1:44:15 PM
G - Perched at its all-time high today after overcoming early weakness on the prior session and finishing strong. Repeatedly noted - "No resistance remains due to overhead supply, but it is extended from a sound base pattern. Its 50 DMA line defines chart support to watch."
>>> The latest Featured Stock Update with an annotated graph appeared on 3/2/2011. Click here.

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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$452.19 -3.77
-0.83%

$462.50

914,762
77.45% of 50 DAV
50 DAV is 1,181,100
$474.74
-4.75%
1/3/2011 $399.55 PP = $428.20
MB = $449.61
Most Recent Note - 3/15/2011 10:25:27 AM
G - Consolidating above support at its 50 DMA line, stubbornly holding its ground just -4.5% off its 52-week high. It has not built a sound base pattern recently.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/14/2011. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$36.41 +0.13
0.36%

$37.69

1,429,264
75.90% of 50 DAV
50 DAV is 1,883,100
$40.62
-10.36%
3/16/2011 $36.28 PP = $40.72
MB = $42.76
Most Recent Note - 3/17/2011 11:33:10 AM
Y - Up today after testing prior highs near $35 and its 50 DMA line defining chart support to watch. Color code was changed to yellow with new pivot point cited after a new 5-week flat base pattern was identified. However, the negative market environment (M criteria) is an overriding concern for now arguing against new buying efforts until a rally with follow-through day occurs. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/16/2011. Click here.

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TIBX - NASDAQ
Tibco Software Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$23.76 -0.02
-0.08%

$24.39

1,384,953
54.82% of 50 DAV
50 DAV is 2,526,300
$25.94
-8.40%
2/1/2011 $24.35 PP = $22.18
MB = $23.29
Most Recent Note - 3/15/2011 10:30:13 AM
G - Down today, testing support at its 50 DMA line and matching its recent chart low ($22.87) earlier in the session. More damaging losses would raise concerns and trigger more worrisome technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/10/2011. Click here.

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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
UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$67.08 -0.06
-0.09%

$68.34

412,683
53.75% of 50 DAV
50 DAV is 767,800
$70.69
-5.11%
1/27/2011 $58.31 PP = $56.99
MB = $59.84
Most Recent Note - 3/15/2011 10:32:22 AM
G -Gapped down today amid widespread market weakness. Its current consolidation has been healthy while forming a base-on-base type pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/7/2011. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$46.42 +0.22
0.48%

$47.48

545,192
88.78% of 50 DAV
50 DAV is 614,100
$47.93
-3.15%
1/6/2011 $36.12 PP = $37.34
MB = $39.21
Most Recent Note - 3/16/2011 7:58:51 PM
G - Pulling back from its all-time high today after a spurt of volume-driven gains. Its recent 4-week consolidation was too short to be considered a sound new base pattern. Support to watch is at its 50 DMA line and recent chart lows near the $40 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/17/2011. Click here.

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