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Recently Found Support Near 200-Day Average - Friday, December 7, 2018
Green Dot Corp Cl A (GDOT +$0.04 or +0.05% to $79.00) held its ground today. It is still sputtering below its 50-day moving average (DMA) line. Its 200 DMA line and prior low ($71.50 on 10/29/18) define important near-term support. Disciplined investors always limit losses by selling any stock that falls more than -7% from your purchase price.It was last shown in the FSU section on 11/08/18 with an annotated graph under the headline, "Volume Heavy Behind Rally to New High". It finished strong after highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in the earlier mid-day report (read here). The big gain with volume +213% above average and close above the pivot point clinched a technical buy signal.
It reported earnings +74% on +14% sales revenues for the Sep '18 quarter versus the year ago period. Quarterly comparisons have shown strong earnings increases above the +25% minimum guideline (C criteria) with strong sales revenues growth. Its small supply of only 52.6 million outstanding shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Annual earnings (A criteria) history has been strong after a small downturn in FY '15.
The number of top-rated funds owning its shares rose from 455 in Dec '17 to 522 in Sep '18, a reassuring sign concerning the I criteria. It has earned an A Timeliness rating and a B Sponsorship Rating. The current Up/Down Volume ration of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy of www.stockcharts.com
Volume Heavy Behind Rally to New High - Thursday, November 8, 2018
Green Dot Corp Cl A (GDOT +$6.82 or +7.93% to $92.84) finished strong after highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in the earlier mid-day report (read here). The big gain with volume +213% above average and close above the pivot point clinched a technical buy signal. It hit a new all-time high with today's 3rd consecutive gain as it rallied straight up from the bottom of an 8-week base during which its 200-day moving average (DMA) line acted as support.It reported earnings +74% on +14% sales revenues for the Sep '18 quarter versus the year ago period. Quarterly comparisons have shown strong earnings increases above the +25% minimum guideline (C criteria) with strong sales revenues growth. Its small supply of only 52.6 million outstanding shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Annual earnings (A criteria) history has been strong after a small downturn in FY '15.
The number of top-rated funds owning its shares rose from 455 in Dec '17 to 510 in Sep '18, a reassuring sign concerning the I criteria. It has earned a B Timeliness rating and a B Sponsorship Rating. The current Up/Down Volume ration of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy of www.stockcharts.com