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