Charts courtesy of www.stockcharts.com

Charts courtesy of www.stockcharts.com

Charts courtesy of www.stockcharts.com

Charts courtesy of www.stockcharts.com

Charts courtesy of www.stockcharts.com

 

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It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 342 Mar '15, a reassuring sign concerning the I criteria. Its small supply of only 37.1 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling. The annotated graph below shows it consolidating

Epam Systems Inc (EPAM +$2.02 or +3.11% to $66.91) rallied with below average volume and finished the session back above its "max buy" level.  Prior highs in the $63.50 area define near-term support above its 50-day moving average (DMA) line ($62.53). Subsequent violations would raise concerns and trigger technical sell signals.

EPAM is due to report first-quarter 2015 results after the market closes on Wednesday, May 6, 2015. Keep in mind that volume and volatility often increase near earnings news. Its last appearance in the FSU section was on 4/07/15  with annotated graphs under the headline, "Fresh Breakout Again Had Look of Institutional Demand". On 3/27/15 a new pivot point had been cited based on its 2/27/15 high plus 10 cents, as a new base of sufficient length had formed.

The high-ranked Computer - Tech Services firm reported Dec '14 earnings +29% on +28% sales revenues. Its 5 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. Its Relative Strength rating of 97 is now well above the 80+ minimum guideline for buy candidates. Its Relative Strength line (the jagged blue line) has also been hitting new all-time highs.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 2.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 339 Mar '15, a reassuring sign concerning the I criteria. Its small supply of only 37.1 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.

Epam Systems Inc (EPAM +$0.42 or +0.64% to $66.49) hit another new 52-week high and traded near its "max buy" level ($66.78) today. It broke out on the prior session with 5 times average volume while rallying above the pivot point triggering a new (or add-on) technical buy signal. Its 50-day moving average (DMA) line ($57.27) defines near-term support to watch on pullbacks. 

On 3/27/15 a new pivot point was cited based on its 2/27/15 high plus 10 cents, as a new base of sufficient length had formed following its appearance in the 3/18/15 FSU section with annotated graphs under the headline, "Hovering Near Highs Extended From Prior Base". The latest action again has the look of serious institutional buying demand, however, after quick gains it is almost too extended from the prior base to be considered buyable under the fact-based investment system's guidelines.

The high-ranked Computer - Tech Services firm reported Dec '14 earnings +29% on +28% sales revenues. Its 5 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. Its Relative Strength rating of 97 is now well above the 80+ minimum guideline for buy candidates. Its Relative Strength line (the jagged blue line) has also been hitting new all-time highs.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 2.5 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 328 Dec '14, a reassuring sign concerning the I criteria. Its small supply of only 37.1 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.

Epam Systems Inc (EPAM -$0.20 or -5.81% to $61.53) has been stubbornly holding its ground near its 52-week high. Recent action had the look of serious institutional buying demand, however, it is too extended from the prior base to be considered buyable under the fact-based investment system's guidelines. Its 50-day moving average (DMA) line and prior highs in the $52 area define support to watch on pullbacks.

The high-ranked Computer - Tech Services firm reported Dec '14 earnings +29% on +28% sales revenues. Its 5 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. EPAM was last shown in this FSU section on 2/26/15 with annotated graphs under the headline, "Extended From Base Following Volume Driven Gains". Its Relative Strength rating of 96 is now well above the 80+ minimum guideline for buy candidates. Its Relative Strength line (the jagged blue line) has also been hitting new all-time highs.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 324 Dec '14, a reassuring sign concerning the I criteria. Its small supply of only 37.1 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.

Epam Systems Inc (EPAM +$3.37 or +5.81% to $61.36) hit another new 52-week high with today's 3rd consecutive gain on above average volume. The recent action has the look of serious institutional buying demand, however, it is getting too extended from the prior base to be considered buyable under the fact-based investment system's guidelines. Prior highs in the $52 area define support to watch on pullbacks.

The high-ranked Computer - Tech Services firm reported Dec '14 earnings +29% on +28% sales revenues. Its 5 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. EPAM was last shown in this FSU section on 2/05/15 with annotated graphs under the headline, "New Pivot Point Cited While Rebounding Near Prior Highs". Its Relative Strength rating of 95 is now well above the 80+ minimum guideline for buy candidates. Its Relative Strength line (the jagged blue line) has also been hitting new all-time highs.

It completed Secondary Offerings 8/30/13 and 9/17/13. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 327 Dec '14, a reassuring sign concerning the I criteria. Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Epam Systems Inc (EPAM +$0.88 or +1.74% to $51.39) rebounded further above its 50-day moving average (DMA) line helping its technical stance improve. A new pivot point is cited based upon its 12/11/14 high plus 10 cents. Little overhead supply remains up through the $52 level, however, disciplined investors will watch for fresh proof of serious institutional buying demand before taking action.

The high-ranked Computer - Tech Services firm was last shown in this FSU section on 1/21/15 with annotated graphs under the headline, "Recovery Above 50-Day Average Needed for Outlook to Improve". Following recent gains its Relative Strength rating of 89 is now well above the 80+ minimum guideline for buy candidates. However, its Relative Strength line (the jagged blue line) peaked a bit higher in December. Historic studies have found that it is a better sign to see a stock's Relative Strength line hitting new all-time highs and leading the way before its share price moves into new high territory.

EPAM reported earnings +40% on +38% sales revenues for the Sep '14 quarter and also gave upbeat sales guidance. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter. Its 4 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 318 in Dec '14, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication that for the past 50 days its shares have been in neutral.  Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

The high-ranked Computer - Tech Services firm reported earnings +40% on +38% sales revenues for the Sep '14 quarter and also gave upbeat sales guidance. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter. Its 4 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 304 in Dec '14, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication that for the past 50 days its shares have been in neutral.  Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

The high-ranked Computer - Tech Services firm reported earnings +40% on +38% sales revenues for the Sep '14 quarter and also gave upbeat sales guidance. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter. Its 4 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation in the past 50 days.  The number of top-rated funds owning its shares rose from 254 in Dec '13 to 291 in Sep '14, a reassuring sign concerning the I criteria. Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling. 

Epam Systems Inc (EPAM -$3.27 or -6.60% to $46.24) endured more distributional pressure and violated its 50-day moving average (DMA) line with a volume-driven loss today raising concerns and triggering a technical sell signal. It is testing prior highs in the $45-46 area which define the next important near-term support to watch. More damaging losses would raise serious concerns, meanwhile, only a prompt rebound above the 50 DMA line may help its outlook improve.

It was last shown in this FSU section on 11/26/14 with annotated graphs under the headline, "Quiet Gain For New High Close".  The high-ranked Computer - Tech Services firm reported earnings +40% on +38% sales revenues for the Sep '14 quarter and also gave upbeat sales guidance. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter. Its 4 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation in the past 50 days.  The number of top-rated funds owning its shares rose from 254 in Dec '13 to 290 in Sep '14, a reassuring sign concerning the I criteria. Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling. 

Epam Systems Inc (EPAM +$0.98 or +1.98% to $50.49) quietly rose for a new high close. It has been stubbornly holding its ground above its "max buy" level with volume totals cooling. Prior highs in the $44 area define initial support above its 50-day moving average (DMA) line.

It was last shown in this FSU section on 11/11/14 with annotated graphs under the headline, "Consolidating Above Prior Highs Following Technical Breakout". The high-ranked Computer - Tech Services firm reported earnings for the Sep '14 quarter above views (not yet shown on the chart as of today) and also gave upbeat sales guidance for the current quarter. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter, a 3rd consecutive quarter with earnings above the +25% guideline, making it a better match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation in the past 50 days.  The number of top-rated funds owning its shares rose from 254 in Dec '13 to 288 in Sep '14, a reassuring sign concerning the I criteria. Its small supply of only 36.1 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling. 

It was last shown in this FSU section on 10/24/14 with annotated graphs under the headline, "Pulled Back After Challenging Prior Highs", after highlighted in yellow in the 10/23/14 mid-day report (read here). Subsequent volume-driven gains above the pivot point cited triggered a technical buy signal.

The high-ranked Computer - Tech Services firm reported earnings for the Sep '14 quarter above views (not yet shown on the chart as of today) and also gave upbeat sales guidance for the current quarter. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter, a 3rd consecutive quarter with earnings above the +25% guideline, making it a better match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation in the past 50 days.  The number of top-rated funds owning its shares rose from 254 in Dec '13 to 287 in Sep '14, a reassuring sign concerning the I criteria. Its small supply of only 36.1 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling. 

Epam Systems Inc (EPAM -$0.74 or -1.64% to $44.36) pulled back today. It was highlighted in yellow with pivot point cited based on its 6/09/14 high plus 10 cents in the 10/23/14 mid-day report (read here). It challenged prior highs and approached its 52-week high with a solid gain backed by 2 times average volume. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal.

Keep in mind that the high-ranked Computer - Tech Services firm is due to report earnings for the Sep '14 quarter on 11/04/14. Volume and volatility often increase near earnings news. It reported earnings +33% on +31% sales revenues for the Jun '14 quarter, a 3rd consecutive quarter with earnings above the +25% guideline, making it a better match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 284 in Sep '14, a reassuring sign concerning the I criteria. Its small supply of only 36.1 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling.