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Fundamentals Strong and Finding Support at 50-Day Moving Average - Wednesday, September 1, 2021
Clarus Corporation (CLAR +$0.68 or +2.51% to $27.77) has recently rebounded above its 50-day moving average (DMA) line ($27.44) helping its technical stance and outlook improve. It has not formed a sound base of sufficient length. The recent low ($25.50 on 8/19/21) defines another important near-term support level to watch.
CLAR was highlighted in yellow in the 5/12/21 mid-day report (read here) with pivot point cited based on its 3/09/21 high plus 10 cents. It was last summarized in this FSU section with an annotated graph on 7/20/21 under the headline, "Extended From Prior Base and Hitting Another New High".
Fundamentals remain strong after reporting the Jun '21 quarter's greatly improved earnings on +144% sales revenues versus the year ago period. The high-ranked Leisure-Products firm's Sep, Dec '20 and Mar '21 quarterly results showed very strong earnings increases over the year ago periods with impressive acceleration in sales revenues growth rate. Annual earnings history (A criteria) has been strong.
The number of top-rated funds owning its shares rose from 168 in Dec '20 to 183 in Jun '21. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication that its shares have been under accumulation over the past 50 days. Its small supply of only 22.2 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
Extended From Prior Base and Hitting Another New High - Tuesday, July 20, 2021
Clarus Corporation (CLAR +$0.54 or +1.98% to $27.75) touched a new 52-week high today. It did not form a sound base of sufficient length. Its 50-day moving average (DMA) line ($24.50) defines important near-term support to watch.
CLAR was highlighted in yellow in the 5/12/21 mid-day report (read here) with pivot point cited based on its 3/09/21 high plus 10 cents. It was last shown in more detail with an annotated graph on 6/17/21 under the headline, "Encountering Distributional Pressure After Recent Rally".
The high-ranked Leisure-Products firm's Sep, Dec '20 and Mar '21 quarterly results showed very strong earnings increases over the year ago periods with impressive acceleration in sales revenues growth rate. Annual earnings history (A criteria) has been strong.
The number of top-rated funds owning its shares barely changed from 168 in Dec '20 to 169 in Jun '21. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication that its shares have been under accumulation over the past 50 days. Its small supply of only 22.2 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
Encountering Distributional Pressure After Recent Rally - Thursday, June 17, 2021
Clarus Corporation (CLAR -$0.84 or -3.53% to $22.93) pulled back from its 52-week high with today's 4th consecutive loss marked by ever-increasing volume. It is extended from the prior base. Its 50-day moving average (DMA) line ($21.03) and prior high ($19.63 on 3/09/21) define support to watch.
CLAR was highlighted in yellow in the 5/12/21 mid-day report (read here) with pivot point cited based on its 3/09/21 high plus 10 cents. It was shown in more detail with an annotated graph that evening under the headline, "4 Volume-Driven Gains Into New High Territory".
The high-ranked Leisure-Products firm's Sep, Dec '20 and Mar '21 quarterly results showed very strong earnings increases over the year ago periods with impressive acceleration in sales revenues growth rate. Annual earnings history (A criteria) has been strong.
The number of top-rated funds owning its shares rose from 168 in Dec '20 to 171 in Mar '21. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication that its shares have been under accumulation over the past 50 days. Its small supply of only 22.2 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
4 Volume-Driven Gains Into New High Territory - Wednesday, May 12, 2021
Clarus Corporation (CLAR +$0.03 or +0.14% to $21.29) held its ground was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 3/09/21 high plus 10 cents. It is quickly getting extended from prior highs and hit a new 52-week high with today's 4th consecutive gain backed by ever-increasing volume.
The high-ranked Leisure-Products firm's Sep, Dec '20 and Mar '21 quarterly results showed very strong earnings increases over the year ago periods with impressive acceleration in sales revenues growth rate. Annual earnings history (A criteria) has been strong.
The number of top-rated funds owning its shares rose from 168 in Dec '20 to 173 in Mar '21. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication that it has been neutral concerning accumulation/distribution over the past 50 days. Its small supply of only 22.2 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
The high-ranked Leisure-Products firm's Sep, Dec '20 and Mar '21 quarterly results showed very strong earnings increases over the year ago periods with impressive acceleration in sales revenues growth rate. Annual earnings history (A criteria) has been strong.
The number of top-rated funds owning its shares rose from 168 in Dec '20 to 173 in Mar '21. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication that it has been neutral concerning accumulation/distribution over the past 50 days. Its small supply of only 22.2 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.
