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Household Appliance Firm Quietly Hovers Near All-Time High - Thursday, April 18, 2019
Irobot Corp (IRBT -$0.34 or -0.26% to $128.82) is quietly perched within close striking distance of the new pivot point cited based on its 3/05/19 high plus 10 cents. Volume totals have been cooling, action that indicates very few investors are heading for the exit. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal.
Its 50-day moving average DMA line ($121.77) and recent low ($114.40 on 3/27/19) define important near-term support to watch on pullbacks. It was last shown in this FSU section on 3/12/19 with an annotated graph under the headline, "Consolidating After Getting Extended from Double Bottom Base".
Keep in mind that it is due to report earnings news on Tuesday, April 23rd after the close. Volume and volatility often increase near earnings news. Fundamentals have remained strong as the Consumer Durables - Electronic Equipment firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Dec '18.
The number of top-rated funds owning its shares rose from 347 in Mar '18 to 392 in Mar '19, and its current Up/Down Volume Ratio of 2.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a B- Accumulation/Distribution Rating, a Timeliness Rating of A, and Sponsorship rating of B. Its small supply of only 27.8 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.
Charts courtesy of www.stockcharts.com
Consolidating After Getting Extended from Double Bottom Base - Tuesday, March 12, 2019
Irobot Corp (IRBT +$1.01 or +0.82% to $123.98) posted a 3rd consecutive gain with below average volume. There was a "negative reversal" on 3/05/19 after quietly touching another new all-time high. Recent gains have lacked great volume conviction. It is extended from the previously noted "double bottom" base. Prior high ($103) defines initial support to watch on pullbacks.
It was last shown in this FSU section on 2/08/19 with an annotated graph under the headline, "Volume-Driven Gains Cleared Prior High After Double Bottom". Old highs near the $118 level seem to have acted as support lately, but it has not formed a new base of sufficient length. It found support near its 200-day moving average (DMA) line during a choppy consolidation in recent months.
Fundamentals have remained strong as the Consumer Durables - Electronic Equipment firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Dec '18. The number of top-rated funds owning its shares rose from 347 in Mar '18 to 391 in Dec '18, and its current Up/Down Volume Ratio of 2.9 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a B+ Accumulation/Distribution Rating, a Timeliness Rating of A, and Sponsorship rating of B. Its small supply of only 27.7 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.
Charts courtesy of www.stockcharts.com
Volume-Driven Gains Cleared Prior High After Double Bottom - Friday, February 8, 2019
Irobot Corp (IRBT +$6.13 or +6.25% to $104.17) was highlighted in yellow with pivot point cited based on its 12/03/18 high after a "double bottom" base. It rallied toward its prior high with today's 3rd consecutive volume-driven gain triggering a technical buy signal. It still faces some resistance due to overhead supply up to the $118 level. It found support near its 200-day moving average (DMA) line during a choppy consolidation in recent months since dropped from the Featured Stocks list on 10/10/18.
Fundamentals have remained strong as the Consumer Durables - Electronic Equipment firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Dec '18. The number of top-rated funds owning its shares rose from 347 in Mar '18 to 385 in Dec '18, and its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a C+ Accumulation/Distribution Rating, a Timeliness Rating of B, and Sponsorship rating of B. Its small supply of only 27.7 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.
Charts courtesy of www.stockcharts.com
Household Appliance Maker Rallied From Choppy Base - Wednesday, August 29, 2018
Irobot Corp (IRBT -$1.78 or -1.51% to $115.93) finished in the upper third of its intra-day range, showing resilience. Today it pulled back after a technical breakout from a long choppy base with the 2 prior volume-driven gains clearing the old high. It was highlighted in yellow with pivot point cited based on its 7/31/17 mid-day report plus 10 cents in the mid-day report (read here). Annual earnings growth (A criteria) has been strong since last noted in the 3/12/14 mid-day report.
The Consumer Durables - Electronic Equipment firm showed strong sales revenues and earnings increases above the +25% minimum guideline (C criteria) in the Mar and Jun '18 quarterly comparisons. The number of top-rated funds owning its shares rose reportedly fell from 400 in Sep '17 to 338 in Jun '18, however, its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A+ Accumulation/Distribution Rating, a Timeliness Rating of B, and Sponsorship rating of B.
Charts courtesy of www.stockcharts.com