Dycom Inds Inc (DY -$0.20 or -0.18% to $108.05) was highlighted in yellow with pivot point based on its 5/10/17 high plus 10 cents in the earlier mid-day report (read here). It touched new 52-week and all-time highs today but ended the session little changed. It has formed an advanced three weeks tight base, holding its ground well above the prior base pattern. A convincing breakout with volume at least +40% above average may clinch a technical buy signal.

It is due to report Apr '17 quarterly earnings news prior to the open on Wednesday, 5/24/17. Volume and volatility often increase near earnings news. It reported earnings +52% on +25% sales revenues for Jan '17 quarter, well above the +25% minimum earnings guideline (C criteria) and prior growth has been strong. It has earned a 98 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates, and the company has Return -On-Equity of 28%, well above the 17% minimum guideline.

The number of top-rated funds owning its shares rose from 430 in Jun '16 to 472 in Mar '17, and its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation (I criteria) over the past 50 days. Its current Timeliness rating is A and Sponsorship rating is C.

Quarterly and annual earnings results include blue triangles beside the reported earnings figures on the datagraphs used in our analysis - the blue triangles are symbols indicating that pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).

In Tight Range Near All-Time High With Earnings News Due - Tuesday, May 23, 2017