Upgrade your membership to see all of the expert analysis we have published on LCII now!
Distributional Action While Retreating From Highs - Monday, January 30, 2017
LCI Industries (LCII -$6.80 or -5.82% to $110.00) gapped down and suffered a big loss today with heavy volume indicative of distributional pressure. Its 50-day moving average (DMA) line ($108.21) defines the next important support level. The company, formerly known as Drew Industries (DW), was last shown in this FSU section on 12/30/16 with an annotated graph under the headline, "Consolidating Well Above Prior Highs and 50-Day Moving Average". It remains extended from any sound base. Prior highs in the $102 area define the next support to watch.The high ranked Building - Mobile/Manufacturing & RV firm was highlighted in yellow with pivot point cited based on its 9/28/16 high in the 11/29/16 mid-day report (read here). It has seen the number of top-rated funds owning its shares rose from 311 in Dec '15 to 406 in Dec '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A, but a Sponsorship Rating of C at present.
Recently it reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Its strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
Charts used courtesy of www.stockcharts.com
