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Pulled Back After Breakout Capped 7-Day Winning Streak - Thursday, January 28, 2021
B J S Whlsl Club Hldgs (BJ -$5.16 or -10.57% to $43.65) finished weak and near the session low today after highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 8/26/21 high. The abrupt retreat came immediately after a volume-driven breakout on the prior session capped a 7 session winning streak.
BJ failed to make progress after first highlighted in yellow with pivot point cited based on its 8/26/20 high plus 10 cents in the 11/19/20 mid-day report (read here). It found support at its 200 DMA line and showed resilience after dropped from the Featured Stocks list on 12/11/20 when an annotated graph was included under the headline, "Relative Strength Rating Slumped While Lingering Below 50 DMA".
BJ reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. The high-ranked Retail-Discount and Variety firm completed its new IPO at $17 on 6/28/19. It has a new CEO as of 2/03/20
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 789 in Dec '20, a reassuring sign concerning the I criteria. Its current Accumulation/Distribution rating is B and the current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 789 in Dec '20, a reassuring sign concerning the I criteria. Its current Accumulation/Distribution rating is B and the current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Relative Strength Rating Slumped While Lingering Below 50 DMA - Friday, December 11, 2020
B J S Whlsl Club Hldgs (BJ -$0.40 or -1.05% to $37.54) has been sputtering below its 50-day moving average (DMA) line ($40.50). Its Relative Strength rating has slumped to 60, well below the 80+ minimum guideline for buy candidates. It will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line is needed for its outlook to improve.
BJ failed to make progress after highlighted in yellow with pivot point cited based on its 8/26/20 high plus 10 cents in the 11/19/20 mid-day report (read here). It was shown in the FSU section that evening with an annotated graph under the headline, "Rebounding Near High With 3rd Strong Quarterly Report".
BJ reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. The high-ranked Retail-DiscountandVariety firm completed its new IPO at $17 on 6/28/19. It has a new CEO as of 2/03/20
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 760 in Sep '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days.
Rebounding Near High With 3rd Strong Quarterly Report - Thursday, November 19, 2020
B J S Whlsl Club Hldgs (BJ +$1.55 or +3.60% to $44.55) finished strong and closed near the session high after highlighted in yellow with pivot point cited based on its 8/26/20 high plus 10 cents in the earlier mid-day report (read here). It has been consolidating above its 50-day moving average (DMA) line ($40.59) and today's 4th consecutive gain was marked by higher volume. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal.
Reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. The high-ranked Retail-DiscountandVariety firm completed its new IPO at $17 on 6/28/19. It has a new CEO as of 2/03/20
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 739 in Sep '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days.
Reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. The high-ranked Retail-DiscountandVariety firm completed its new IPO at $17 on 6/28/19. It has a new CEO as of 2/03/20
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 739 in Sep '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days.
