Testing 50-Day Moving Average Line After Wedging to New High - Friday, July 19, 2024
Consolidating Above Prior Highs in an Orderly Fashion - Thursday, June 27, 2024
Steady Pullback to Below "Max Buy" Level Following Rally - Tuesday, June 4, 2024
Strong Breakout After 6-Week Flat Base - Wednesday, May 15, 2024

There are 4 more featured stock write-ups on since to 6/20/2024

Steady Pullback to Below "Max Buy" Level Following Rally - Tuesday, June 4, 2024

Celestica (CLS -$2.86 or -5.15% to $52.71) suffered a 5th consecutive loss today, abruptly retreating from its all-time high and undercutting its 20-day moving average ($52.92). Its color code is changed to yellow affer retreating below its "max buy" level. CLS was noted recently - "Extended from the previously noted base. Prior highs in the $51 area define initial support to watch above its 50 DMA line." 

CLS finished strong after highlighted in yellow in the 5/15/24 mid-day report (read here) with pivot point cited based on its 4/04/24 high plus 10 cents after a 6-week flat base. It was shown in detail that evening with an annotated graph under the headline, "Strong Breakout After 6-Week Flat Base". 

CLS hails from the high ranked Elec-Contract Mfg group which is now ranked 24th on the 197 Industry Groups List (L criteria). CLS recently reported earnings +83% on +20% sales revenues for the Mar '24 quarter versus the year ago period, and 7 of the last 8 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19. It has a highest possible 99 Earnings Per Share Rating. 

There are only 119 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 322 in Jun '23 to 508 in Mar '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days.

Chart courtesy of www.stockcharts.com


Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for TDG TDG NYSE
TransDigm Group
Aerospace/Defense  
$1,340.83+1.64
0.12%

$1,342.32

153,181
76.59% of 50 DAV
50 DAV is 200,000
$1,363.66
-1.67%
4/12/2024$1,224.21PP = $1,246.32
MB = $1,308.64
Most Recent Note - 6/3/2024 8:40:41 PM
G - Still hovering near its all-time high after a "negative reversal" on 5/28/24. It is extended from any sound base and its 50 DMA line ($1,264) defines near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Aerospace/Defense Firm Hitting Another All-Time High - 5/21/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for USLM USLM NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag  
$338.60-2.56
-0.75%

$339.85

19,272
80.30% of 50 DAV
50 DAV is 24,000
$378.78
-10.61%
2/9/2024$254.68PP = $265.09
MB = $278.34
 Most Recent Note - 6/4/2024 7:28:01 PM
G - Fell slightly today for a 13th loss in the span of 14 sessions with volume below average. Its 50 DMA line ($325) defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Posted Quiet Gain for Best-Ever Close - 5/14/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for CLS CLS NYSE
Celestica
Elec-Contract Mfg  
$52.71-2.86
-5.15%

$54.84

2,530,224
110.93% of 50 DAV
50 DAV is 2,281,000
$61.06
-13.68%
5/15/2024$51.52PP = $51.22
MB = $53.78
 Most Recent Note - 6/4/2024 7:25:56 PM
Y - Suffered a 5th consecutive loss today, abruptly retreating from its all-time high and undercutting its 20-day moving average ($52.92). Color code is changed to yellow after retreating below "max buy" level. Prior highs in the $51 area define initial support to watch above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Steady Pullback to Below "Max Buy" Level Following Rally - 6/4/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for AROC AROC NYSE
Archrock
OilandGas-Machinery/Equip  
$18.74-0.73
-3.75%

$19.32

1,665,656
111.34% of 50 DAV
50 DAV is 1,496,000
$21.61
-13.28%
5/20/2024$21.23PP = $21.50
MB = $22.58
 Most Recent Note - 6/4/2024 6:35:11 PM
G - Fell further today with higher (average) volume while testing its 4/19/24 low. Color code was changed to green when violating its 50 DMA line ($20) and undercutting recent lows in the $19 area raising concerns and triggering technical sell signals. A rebound above the 50 DMA line is again needed to help its outlook improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Again Hurts Outlook - 6/3/2024 
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StockCharts.com Latest Chart for DECK DECK NYSE
Deckers Outdoor
Apparel-Shoes and Rel Mfg  
$1,066.83-19.74
-1.82%

$1,092.20

225,236
60.22% of 50 DAV
50 DAV is 374,000
$1,106.89
-3.62%
5/24/2024$1,010.60PP = $956.27
MB = $1,004.08
 Most Recent Note - 6/4/2024 6:37:27 PM
G - Pulled back for a 2nd small loss with lighter volume. Perched at its all-time high following noted volume-driven gains. Extended from prior highs in the $956 area that define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Big "Breakaway Gap" for Deckers Outdoor - 5/24/2024 
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Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for ELF ELF NYSE
e.l.f. Beauty
Cosmetics/Personal Care  
$189.74-6.71
-3.42%

$198.49

1,053,708
62.09% of 50 DAV
50 DAV is 1,697,000
$221.83
-14.47%
5/24/2024$193.79PP = $182.73
MB = $191.87
 Most Recent Note - 6/4/2024 6:40:16 PM
Y - Pulled back today with lighter volume and its color code is changed to yellow while consolidating back below its "max buy" level after breaking out a "double-bottom" base. Prior low ($177.99 pn 5/31/24) and 50 DMA line ($172) define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Down on Lighter Volume After Breakout From "Double Bottom" Base - 5/29/2024 
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for PDD PDD NASDAQ
PDD Holdings ADR
Retail-Internet  
$145.88-1.04
-0.71%

$148.68

5,860,916
61.60% of 50 DAV
50 DAV is 9,515,000
$164.69
-11.42%
5/24/2024$161.85PP = $153.09
MB = $160.74
Most Recent Note - 6/3/2024 8:37:37 PM
Y - Slumping below prior highs with losses on below average volume raising concerns after it rallied to new 52-week highs with 3 consecutive volume-driven gains clearing a 20-week base. Disciplined investors avoid big losses by selling any stock that falls more than 7-8% below their purchase price.
>>> FEATURED STOCK ARTICLE : Pulled Back Below Prior Highs Raising Concerns - 5/28/2024 
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StockCharts.com Latest Chart for CRWD CRWD NASDAQ
CrowdStrike Holdings
Computer Sftwr-Security  
$305.58-3.11
-1.01%

$312.38

8,305,087
329.57% of 50 DAV
50 DAV is 2,520,000
$365.00
-16.28%
5/28/2024$351.47PP = $365.10
MB = $383.36
Most Recent Note - 6/3/2024 8:42:42 PM
G - Suffered a 3rd consecutive loss today after violating its 50 DMA line ($317) triggering a technical sell signal. Due to report Apr '24 quarterly results on 6/04/24.
>>> FEATURED STOCK ARTICLE : Volume-Driven Loss Triggered Technical Sell Signal - 5/30/2024 
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Strong Breakout After 6-Week Flat Base - Wednesday, May 15, 2024

Celestica (CLS +$4.06 or +8.46% to $52.06) finished strong today after highlighted in yellow in the mid-day report (read here) with pivot point cited based on its 4/04/24 high plus 10 cents after a 6-week flat base. It gapped up hitting a new 52-week high (N criteria), adding to volume-driven gains after rebounding above its 50-day moving average (DMA) line. The gain and strong close above the pivot point backed by +133% above average volume clinched a proper technical buy signal.

It hails from the high ranked Elec-Contract Mfg group which is now ranked 38th on the 197 Industry Groups List (L criteria). CLS recently reported earnings +83% on +20% sales revenues for the Mar '24 quarter versus the year ago period, and 7 of the last 8 quarterly comparisons were at or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since bottoming in FY '19. It has a highest possible 99 Earnings Per Share Rating. 

There are only 119 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 322 in Jun '23 to 484 in Mar '24, a reassuring sign concerning the I criteria.

Chart courtesy of www.stockcharts.com