Consolidating After Considerable Rally to New Highs - Monday, December 16, 2024
New High After 6th Consecutive Gain - Monday, November 11, 2024
Near 50-Day Moving Average After Volume-Driven Losses - Friday, October 4, 2024
Following Pullback a Secondary Buy Point Exists - Thursday, September 5, 2024
There are 4 more featured stock write-ups on since to 9/20/2024
Following Pullback a Secondary Buy Point Exists - Thursday, September 5, 2024
Natural Grocers (NGVC +$1.16 or +4.41% to $27.47) was highlighted in yellow in the earlier mid-day report (read here) as it was noted that a valid secondary buy point exists up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout.
NGVC has an Earnings Per Share Rating of 95. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady (A criteria).
The Retail-Super/Mini Markets group is currently ranked 36th on the 197 Industry Groups list. Top-rated funds owning an interest in the company's shares rose from 177 in Sep '23 to 197 in Jun '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.9 provides an unbiased indication that its shares have been under accumulation over the past 50 days. Its small supply (S criteria) of only 22.8 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling.
