Negative Reversal After Hitting New All-Time High - Friday, December 6, 2024
Extended From Base After Streak of Gains for New Highs - Friday, November 8, 2024
Hovering Near All-Time High - Tuesday, October 1, 2024
Granite Contruction Closes at All-Time High - Friday, August 30, 2024
Hit New High While Making Steady Progress - Wednesday, July 31, 2024
Granite Testing Support at 50-Day Moving Average - Tuesday, July 2, 2024
Granite Construction Found Support at 10-Week Moving Average - Tuesday, June 11, 2024
There are 6 more featured stock write-ups on since to 9/20/2024
Granite Contruction Closes at All-Time High - Friday, August 30, 2024
Granite Construction (GVA +$1.16 or +1.57% to $75.16) had light volume behind a gain for another new all-time high close. Its 50-day moving average (DMA) line ($66.89) defines inital support to watch on pullbacks above prior highs in the $64 area.
GVA was highlighted on the 6/11/24 mid-day report as it was noted that a valid secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. It was last shown in this FSU section on 7/31/24 with an annotated graph under the headline "Hit New High While Making Steady Progress".
Granite Construction has a 94 Earnings Per Share Rating. It reported solid earnings increases backed by accelerating sales revenues growth in the Jun, Sep, Dec '23, Mar and Jun '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady.
GVA hails from the Bldg-Heavy Construction group which is currently ranked 25th on the 197 Industry Groups list (L criteria). It has a small supply of only 43.2 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 401 in Jun '23 to 415 in Jun '24. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.
Symbol/Exchange
Company Name
Industry Group | PRICE | CHANGE
(%Change) | Day High | Volume
(% DAV)
(% 50 day avg vol) | 52 Wk Hi
% From Hi | Featured
Date | Price
Featured | Pivot Featured |
| Max Buy |
 USLM - NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag | $81.73 | +2.90
3.68% | $82.17 | 49,909
59.42% of 50 DAV
50 DAV is 84,000 | $87.13
-6.20%
| 6/18/2024 | $71.26 | PP = $75.77 |
| MB = $79.56 |
Most Recent Note - 8/27/2024 5:18:30 PM
G - Pulled back today for a loss with below average volume. Volume totals have been cooling while consolidating above its 50 DMA line ($76.26). Near-term resistance remains due to overhead supply up to the $87 level.
>>> FEATURED STOCK ARTICLE : Volume Cooling While Consolidating Above 50-Day Moving Average - 8/21/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
GVA - NYSE
Granite Construction
Bldg-Heavy Construction | $75.16 | +1.16
1.57% | $75.22 | 356,345
49.36% of 50 DAV
50 DAV is 722,000 | $75.36
-0.27%
| 6/11/2024 | $59.76 | PP = $64.33 |
| MB = $67.55 |
 Most Recent Note - 8/30/2024 4:53:17 PM
G - Volume was ligh behind today''s small gain for a new all-time high close. Its 50 DMA line ($66.19) defines inital support to watch on pullbacks above prior highs in the $64 area. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Tiem High - 8/30/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
MMYT - NASDAQ
MakeMyTrip
Leisure-Travel Booking | $96.17 | -0.80
-0.82% | $98.99 | 347,522
51.64% of 50 DAV
50 DAV is 673,000 | $101.50
-5.25%
| 7/23/2024 | $96.92 | PP = $93.39 |
| MB = $98.06 |
Most Recent Note - 8/28/2024 5:36:04 PM
Y - Lost ground today with lighter volume. There was a noted "negative reversal" for a loss with light volume on 8/26/24 after touching a new all-time high. Recently found prompt support near its 50 DMA line ($90).
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Quietly Touching a New High - 8/26/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
TXRH - NASDAQ
Texas Roadhouse
Retail-Restaurants | $168.75 | +0.12
0.07% | $170.13 | 534,058
67.43% of 50 DAV
50 DAV is 792,000 | $177.72
-5.05%
| 7/26/2024 | $173.08 | PP = $175.82 |
| MB = $184.61 |
Most Recent Note - 8/27/2024 5:13:38 PM
G - Posted a gain today with below-average volume. Closed just below its 50 DMA line ($169.39) which is now downward sloping and has acted as resistance. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
HWM - NYSE
Howmet Aerospace
Aerospace/Defense | $96.66 | -0.30
-0.31% | $97.49 | 3,144,456
105.52% of 50 DAV
50 DAV is 2,980,000 | $98.15
-1.52%
| 7/30/2024 | $93.95 | PP = $85.52 |
| MB = $89.80 |
Most Recent Note - 8/29/2024 10:35:19 PM
G - Holding its ground hovering above its "max buy" level near its all-time high. Wedged higher after a pullback tested prior highs in the $85 area coinciding with its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
Symbol/Exchange
Company Name
Industry Group | PRICE | CHANGE
(%Change) | Day High | Volume
(% DAV)
(% 50 day avg vol) | 52 Wk Hi
% From Hi | Featured
Date | Price
Featured | Pivot Featured |
| Max Buy |
MELI - NASDAQ
MercadoLibre
Retail-Internet | $2,061.66 | +45.87
2.28% | $2,064.76 | 381,709
121.56% of 50 DAV
50 DAV is 314,000 | $2,048.99
0.62%
| 8/5/2024 | $1,793.73 | PP = $1,792.15 |
| MB = $1,881.76 |
Most Recent Note - 8/28/2024 5:34:44 PM
G - Pulled back today with lighter volume after quietly hitting a new 52-week high on the prior session. Prior highs define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Flat When Poised to Breakout - 8/5/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
Hit New High While Making Steady Progress - Wednesday, July 31, 2024
Granite Construction (GVA +$0.43 +0.63% or $68.46) posted a gain backed by average volume today as it touched another new all-time high. Prior highs in the $64 area define initial support to watch above its 50-day moving average (DMA) line ($62.79).
GVA was highlighted on the 6/11/24 mid-day report as it was noted that a valid secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. It was last shown in this FSU section on 7/02/24 with an annotated graph under the headline "Granite Testing Support at 50-Day Moving Average".
Granite Construction has a 92 Earnings Per Share Rating. It reported solid earnings increases backed by accelerating sales revenues growth in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady. It hails from the Bldg-Heavy Construction group which is currently ranked 11th on the 197 Industry Groups list (L criteria). The number of top-rated funds owning its shares rose from 401 in Jun '23 to 415 in Mar '24.
Chart courtesy of www.stockcharts.com
Symbol/Exchange
Company Name
Industry Group | PRICE | CHANGE
(%Change) | Day High | Volume
(% DAV)
(% 50 day avg vol) | 52 Wk Hi
% From Hi | Featured
Date | Price
Featured | Pivot Featured |
| Max Buy |
TDG - NYSE
TransDigm Group
Aerospace/Defense | $1,294.22 | +30.06
2.38% | $1,302.45 | 267,062
111.28% of 50 DAV
50 DAV is 240,000 | $1,369.58
-5.50%
| 7/31/2024 | $1,294.22 | PP = $1,369.68 |
| MB = $1,438.16 |
Most Recent Note - 7/31/2024 5:10:08 PM
Y - Color code is changed to yellow after today''s 4th consecutive gain helped it rebound above its 50 DMA line ($1,294). It is -5.5% off its all-time high. The new pivot point cited is based on its 6/06/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average But Only -7% Off High - 7/10/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
USLM - NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag | $85.05 | +2.59
3.14% | $86.47 | 77,394
75.14% of 50 DAV
50 DAV is 103,000 | $85.10
-0.06%
| 6/18/2024 | $71.26 | PP = $75.77 |
| MB = $79.56 |
Most Recent Note - 7/31/2024 5:12:29 PM
G - Posted a gain today with below-average volume for a new all-time high, getting more extended from any sound base. Prior highs in the $75 area define initial support to watch above its 50 DMA line ($73.17). Do not be confused as shares split 5:1 (Featured Price and Pivot Point were adjusted).
>>> FEATURED STOCK ARTICLE : Recent Breakout Triggered New (or Add-On) Technical Buy Signal - 7/22/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
NVO - NYSE
Novo Nordisk ADR
Medical-Ethical Drugs | $132.63 | +3.40
2.63% | $132.89 | 3,440,237
91.06% of 50 DAV
50 DAV is 3,778,000 | $148.15
-10.48%
| 6/7/2024 | $143.06 | PP = $138.38 |
| MB = $145.30 |
Most Recent Note - 7/31/2024 5:05:37 PM
Posted a 3rd consecutive gain today with lackluster volume. It will be dropped from the Featured Stocks list tonight while still sputtering after slumping below its 50 DMA line triggering a technical sell signal. A rebound above the 50 DMA line ($138) is needed to help its outlook improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Line Raised Concerns - 7/24/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
GVA - NYSE
Granite Construction
Bldg-Heavy Construction | $68.46 | +0.43
0.63% | $69.66 | 767,464
111.88% of 50 DAV
50 DAV is 686,000 | $69.30
-1.21%
| 6/11/2024 | $59.76 | PP = $64.33 |
| MB = $67.55 |
Most Recent Note - 7/31/2024 4:56:39 PM
G - Posted a gain backed by average volume hitting another new all-time high. Prior highs in the $64 area define initial support to watch above its 50 DMA line ($62.79). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hit New High While Making Steady Progress - 7/31/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
DDOG - NASDAQ
Datadog Inc
Computer Sftwr-Enterprse | $116.44 | +1.76
1.53% | $117.89 | 3,295,846
90.63% of 50 DAV
50 DAV is 3,636,400 | $138.61
-15.99%
| 7/9/2024 | $126.92 | PP = $138.71 |
| MB = $145.65 |
Most Recent Note - 7/31/2024 4:58:58 PM
It will be dropped from the Featured Stocks list. Recent losses violated support at its 200 DMA line raising serious concerns and triggering a worrisome technical sell signal. Its Relative Strength Rating has slumped to 40, well below the 80+ minimum guideline for buy candidates. A rebound above the 50 DMA line ($120.78) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Consolidating Within Close Range of 52-Week High - 7/9/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
Symbol/Exchange
Company Name
Industry Group | PRICE | CHANGE
(%Change) | Day High | Volume
(% DAV)
(% 50 day avg vol) | 52 Wk Hi
% From Hi | Featured
Date | Price
Featured | Pivot Featured |
| Max Buy |
MMYT - NASDAQ
MakeMyTrip
Leisure-Travel Booking | $93.59 | +0.25
0.27% | $95.46 | 588,992
76.69% of 50 DAV
50 DAV is 768,000 | $100.22
-6.62%
| 7/23/2024 | $96.92 | PP = $93.39 |
| MB = $98.06 |
Most Recent Note - 7/26/2024 6:46:38 PM
Y - Posted a gain today with below average volume. Finished strong after highlighted in yellow in the 7/23/24 mid-day report with pivot point cited based on its 7/10/24 high plus 10 cents. Triggered a technical buy signal as it powered to a new all-time high.
>>> FEATURED STOCK ARTICLE : Volume Driven Trip to New Highs - 7/23/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
TXRH - NASDAQ
Texas Roadhouse
Retail-Restaurants | $174.61 | +0.74
0.43% | $176.66 | 769,860
93.89% of 50 DAV
50 DAV is 820,000 | $175.72
-0.63%
| 7/26/2024 | $173.08 | PP = $175.82 |
| MB = $184.61 |
Most Recent Note - 7/26/2024 6:41:58 PM
Y - Encountered distributional pressure after highlighted in yellow with pivot point cited based on its 6/28/24 high plus 10 cents in the earlier mid-day report. Gapped up rebounding from below its 50 DMA line and back within close striking distance of its all-time high. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Reported Jun '24 quarterly earnings +47% on +15% sales revenues versus the year-ago period. Sequential quarterly comparisons show impressive earnings growth rate acceleration. Annual earnings growth has been strong since a downturn in FY '20. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Poised to Break Out - 7/26/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
HWM - NYSE
Howmet Aerospace
Aerospace/Defense | $95.70 | +1.89
2.01% | $96.93 | 4,047,303
140.78% of 50 DAV
50 DAV is 2,875,000 | $94.89
0.85%
| 7/30/2024 | $93.95 | PP = $85.52 |
| MB = $89.80 |
Most Recent Note - 7/30/2024 11:30:41 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents. Hit a new all-time high triggering a technical buy signal with today's considerable "breakaway gap" and volume-driven gain. Recent quarterly comparisons through Jun '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20. See the latest FSU analysis for more details.
>>> FEATURED STOCK ARTICLE : Breakaway Gap For Howmet Aerospace - 7/30/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
Granite Testing Support at 50-Day Moving Average - Tuesday, July 2, 2024
Granite Construction (GVA +$0.33 or +0.55% to $60.57) has been testing support at its 50-day moving average (DMA) line ($60.42). The prior low ($58.23 on 6/10/23) defines additional near-term support to watch. More damaging losses would raise greater concerns and trigger technical sell signals. GVA was highlighted on the 6/11/24 mid-day report as it was noted that a valid secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. It was shown that evening in this FSU section with an annotated graph under the headline "Granite Construction Found Support at 10-Week Moving Average".
Granite Construction has a 92 Earnings Per Share Rating. It reported solid earnings increases backed by accelerating sales revenues growth in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady. It hails from the Bldg-Heavy Construction group which is currently ranked 8th on the 197 Industry Groups list (L criteria). The number of top-rated funds owning its shares rose from 401 in Jun '23 to 413 in Jun '24.
Granite Construction Found Support at 10-Week Moving Average - Tuesday, June 11, 2024
Granite Construction (GVA +$0.36 or +0.61% to $59.85) was highlighted in yellow in the earlier mid-day report. It was noted that a vaild secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout.
Granite Construction has a 93 Earnings Per Share Rating. It reported solid earnings increases backed by accelerarting sales revenues growth in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady.
It hails from the Bldg-Heavy Construction group which is currently ranked 10th on the 197 Industry Groups list (L criteria). The number of top-rated funds owning its shares rose from 401 in Jun '23 to 414 in Mar '24.
