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Strong Beverage Firm Challenges Prior High - Thursday, September 6, 2018
National Beverage Corp (FIZZ +$5.34 or +4.48% to $124.60) was highlighted in yellow with new pivot point cited based on its 9/11/17 high plus 10 cents in the earlier mid-day report (read here). It challenged its high with today's volume-driven gain. Subsequent gains above the pivot point for a new high (N criteria) backed by at least +40% above average volume are needed to trigger a proper technical buy signal.
The high-ranked Beverages - Soft Drinks firm reported Jun '17 quarterly earnings +32% on +20% sales revenues, continuing its streak of strong quarterly earnings (C criteria) results. Annual earnings (A criteria) growth has been strong after a downturn in FY '14. Its small supply of only 11.2 million shares (S criteria) in the public float can contribute to greater volatility.
This Fort Lauderdale, FL based firm has seen the number of top-rated funds owning its shares fall from 328 in Dec '17 to 294 in Jun '18. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have faced mild distributional pressure over the past 50 days. It has a Timeliness Rating of C, Accumulation/Distribution Rating of B, and a Sponsorship Rating of B.
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