Pulling Back From High and Slumping Toward 50-Day Moving Average - Friday, April 12, 2024
Hit New High With 5th Consecutive Gain - Thursday, March 21, 2024
Extended From Any Sound Base After 7 Weekly Gains - Monday, February 26, 2024
Volume-Driven Breakout for Paccar - Tuesday, January 23, 2024

Pulling Back From High and Slumping Toward 50-Day Moving Average - Friday, April 12, 2024

Paccar (PCAR -$0.72 or -0.61% to $118.16) has been pulling back from its all-time high after getting very extended from any sound base. Its 50-day moving average (DMA) line ($114.41) defines near-term support to watch. Fundamentals remain strong.

Bullish action has continued after it reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic. PCAR has a 95 Earnings Per Share rating. 

PCAR was highlighted in yellow in the 1/23/24 mid-day report (read here). Its gain backed by +153% above average volume for a new 52-week high cleared the pivot point based on its 12/13/23 high plus 10 cents triggering a technical buy signal. It was last shown in detail on 3/21/24 with an annotated graph under the headline, "Hit New High With 5th Consecutive Gain". 

The number of top-rated funds owning its shares rose from 2,052 in Mar '23 to 2,215 in Mar '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and an Accumulation/Distribution rating of C+.

Chart courtesy of www.stockcharts.com




Hit New High With 5th Consecutive Gain - Thursday, March 21, 2024

Paccar (PCAR +$2.61 or +2.15% to $124.06) hit yet another new all-time high with today's 5th consecutive gain. Its 50-day moving average (DMA) line ($107) defines near-term support to watch on pullbacks. Fundamentals remain strong.

Bullish action has continued after it reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic. PCAR has a 95 Earnings Per Share rating. 

PCAR was highlighted in yellow in the 1/23/24 mid-day report (read here). Its gain backed by +153% above average volume for a new 52-week high cleared the pivot point based on its 12/13/23 high plus 10 cents triggering a technical buy signal. It was shown in detail on 2/26/24 with an annotated graph under the headline, "Extended From Any Sound Base After 7 Weekly Gains". 

The number of top-rated funds owning its shares rose from 2,052 in Mar '23 to 2,193 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.1 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and an Accumulation/Distribution rating of A.

Chart courtesy of www.stockcharts.com
Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for ANET ANET N
Arista Networks
Computer-Networking  
$304.60+8.02
2.70%

$305.63

2,919,504
112.25% of 50 DAV
50 DAV is 2,601,000
$296.76
2.64%
3/18/2024$188.84PP = $292.76
MB = $307.40
 Most Recent Note - 3/21/2024 5:31:18 PM
Y - Hit a new all-time high approaching its "max buy" level with today''s 2nd consecutive gain backed by near average volume. Its 50 DMA line ($271) defines near-term support to watch on pullbacks. Color code was changed to yellow after forming a new flat base noted as a riskier "late stage" base.
>>> FEATURED STOCK ARTICLE : Best Ever Close for Arista Networks - 3/1/2024 
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StockCharts.com Latest Chart for NVO NVO N
Novo Nordisk ADR
Medical-Ethical Drugs  
$129.83-0.53
-0.41%

$131.07

6,475,020
119.20% of 50 DAV
50 DAV is 5,432,000
$138.28
-6.11%
3/1/2024$124.23PP = $124.97
MB = $131.22
 Most Recent Note - 3/21/2024 1:25:44 PM
G - Managed a "positive reversal" from today's early low. Volume totals have been cooling while stubbornly holding its ground after rallying from a noted new advanced "3-weeks tight" base with big volume-driven gains. Its 50 DMA line ($120) defines near-term support above prior lows in the $118 area.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High After Rallying from Advanced "3-Weeks Tight" - 3/12/2024 
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StockCharts.com Latest Chart for AXON AXON N
Axon Enterprise
Security/Sfty  
$316.05+1.77
0.56%

$319.12

278,798
56.44% of 50 DAV
50 DAV is 494,000
$325.63
-2.94%
11/8/2023$127.84PP = $223.30
MB = $234.47
Most Recent Note - 3/20/2024 5:06:33 PM
G - Posted a 4th consecutive small gain today with lighter volume, still hovering near its all-time high. Bullish action came after it reported Dec ''23 quarterly earnings +60% on +29% sales revenues versus the year-ago period. Its 50-day moving average (DMA) line ($276) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High; Spiked Higher Following Earnings - 3/14/2024 
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StockCharts.com Latest Chart for TDG TDG N
TransDigm Group
Aerospace/Defense  
$1,232.38+17.40
1.43%

$1,238.34

195,154
88.71% of 50 DAV
50 DAV is 220,000
$1,217.00
1.26%
12/12/2023$1,000.39PP = $1,013.18
MB = $1,063.84
Most Recent Note - 3/20/2024 5:05:42 PM
G - Posted a 3rd consecutive gain today back by light volume, wedging to a new all-time high after 3 weeks of tight closes. Its 50 DMA line ($1,127) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched in Tight Range Encountering Distribtion Near All-Time High - 3/15/2024 
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StockCharts.com Latest Chart for CRWD CRWD N
CrowdStrike Holdings
Computer Sftwr-Security  
$329.46+2.59
0.79%

$333.23

3,220,309
75.74% of 50 DAV
50 DAV is 4,252,000
$365.00
-9.74%
1/2/2024$246.42PP = $261.91
MB = $275.01
Most Recent Note - 3/19/2024 11:22:46 AM
G - Pulling back toward its 50 DMA ($308) which recently acted as support. It has not formed a sound base of sufficient length. Fundamentals remain strong after it reported Jan ''24 quarterly earnings +102% on +33% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Spiking to New High - 3/11/2024 
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Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for ELF ELF N
e.l.f. Beauty
Cosmetics/Personal Care  
$207.31+6.77
3.38%

$209.36

1,359,604
87.55% of 50 DAV
50 DAV is 1,553,000
$221.83
-6.55%
1/2/2024$138.23PP = $153.63
MB = $161.31
 Most Recent Note - 3/21/2024 5:33:34 PM
G - Posted a 2nd consecutive gain with below-average volume. It is very extended from any sound base. Its 50 DMA line ($180) defines important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure Near All-Time High - 3/8/2024 
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StockCharts.com Latest Chart for PCAR PCAR N
Paccar
Trucks and Parts-Hvy Duty  
$124.42+2.97
2.45%

$124.57

2,011,692
85.31% of 50 DAV
50 DAV is 2,358,000
$121.88
2.08%
1/23/2024$100.35PP = $98.57
MB = $103.50
 Most Recent Note - 3/21/2024 5:21:02 PM
G - Hit yet another new all-time high with today's 5th consecutive gain. Its 50 DMA line ($107) defines near-term support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hit New High With 5th Consecutive Gain - 3/21/2024 
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StockCharts.com Latest Chart for HUBB HUBB N
Hubbell
Electrical-Power/Equipmt  
$415.00+8.35
2.05%

$416.06

285,969
65.74% of 50 DAV
50 DAV is 435,000
$408.08
1.70%
1/30/2024$343.26PP = $336.83
MB = $353.67
 Most Recent Note - 3/21/2024 5:23:01 PM
G - Hit another new all-time high with today''s 2nd consecutive gain backed by below-average volume, getting very extended from the previously noted base. Its 50 DMA line ($361.46) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Inched to New Highs With Average Volume - 2/28/2024 
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StockCharts.com Latest Chart for MANH MANH N
Manhattan Associates
Computer Sftwr-Enterprse  
$252.92+1.78
0.71%

$254.43

318,832
85.25% of 50 DAV
50 DAV is 374,000
$266.94
-5.25%
1/31/2024$240.57PP = $230.71
MB = $242.25
 Most Recent Note - 3/21/2024 5:25:08 PM
G - Posted a 4th straight gain, consolidating above its 50 DMA line ($241) which defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High After Streak of Small Gains - 2/29/2024 
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StockCharts.com Latest Chart for USLM USLM N
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag  
$304.88+4.71
1.57%

$307.48

35,064
159.38% of 50 DAV
50 DAV is 22,000
$303.16
0.57%
2/9/2024$254.68PP = $265.09
MB = $278.34
 Most Recent Note - 3/21/2024 1:33:22 PM
G - Today's volume-driven gain has it hitting another new all-time high, getting more extended from the previously noted base. Prior highs in the $265-266 area define initial near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hit New All Time High With Light Volume Behind 5th Straight Gain - 3/13/2024 
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Symbol/Exchange
Company Name
Industry Group
PRICECHANGE
(%Change)
Day HighVolume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
StockCharts.com Latest Chart for NOW NOW N
ServiceNow
Computer Sftwr-Enterprse  
$773.18+5.62
0.73%

$785.88

1,255,064
97.75% of 50 DAV
50 DAV is 1,284,000
$815.32
-5.17%
2/22/2024$771.75PP = $815.32
MB = $856.09
Most Recent Note - 3/20/2024 5:02:22 PM
Y - Rebounded and closed above its 50 DMA line ($763.61) helping its outlook improve with today''s 3rd consecutive gain backed by light volume and its color code is changed to yellow. Prior lows in the $730 area define the next important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : NOW Quietly Rebounded Above 50-Day Moving Average Line - 3/20/2024 
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StockCharts.com Latest Chart for SNPS SNPS N
Synopsys
Computer Sftwr-Design  
$602.59+12.81
2.17%

$616.54

1,756,284
133.97% of 50 DAV
50 DAV is 1,311,000
$629.38
-4.26%
2/22/2024$600.65PP = $582.85
MB = $611.99
 Most Recent Note - 3/21/2024 5:36:29 PM
Y - Posted a 4th consecutive gain today with +38% above-average volume and managed a best-ever close. Found support above its 50 DMA line ($554). Previously noted - " A strong volume-driven gain and close above the pivot point is needed to clinch a proper technical buy signal."
>>> FEATURED STOCK ARTICLE : Rallying From Support at 50-Day Moving Average Line - 3/19/2024 
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StockCharts.com Latest Chart for PAY PAY N
Paymentus Holdings
Finance-CrdtCard/PmtPr  
$23.90-0.23
-0.95%

$24.19

320,350
104.01% of 50 DAV
50 DAV is 308,000
$24.99
-4.36%
3/5/2024$19.97PP = $18.89
MB = $19.83
Most Recent Note - 3/20/2024 12:44:21 PM
G - Posting a volume-driven gain today rebounding near its 52-week high. Very extended from the previously noted base. Prior highs in the $18 range define important initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Big Gap Up Gain Triggered Technical Buy Signal - 3/5/2024 
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Extended From Any Sound Base After 7 Weekly Gains - Monday, February 26, 2024

Paccar (PCAR +$1.47 or +1.33% to $112.25) hit another new all-time high with today's 4th consecutive gain backed by below-average volume, getting more extended from any sound base. Bullish action has continued after it reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic. PCAR has a 95 Earnings Per Share rating. 

PCAR was highlighted in yellow in the 1/23/24 mid-day report (read here). Its gain backed by +153% above average volume for a new 52-week high cleared the pivot point based on its 12/13/23 high plus 10 cents triggering a technical buy signal. It was shown in detail that evening with an annotated graph under the headline, "Volume-Driven Breakout for Paccar". 

The number of top-rated funds owning its shares rose from 2,052 in Mar '23 to 2,169 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and an Accumulation/Distribution rating of B+.

Chart courtesy of www.stockcharts.com




Volume-Driven Breakout for Paccar - Tuesday, January 23, 2024

Paccar (PCAR +$3.26 or +3.36% to $100.35) finished strong after highlighted in yellow in the earlier mid-day report (read here). Today's gain backed by +153% above average volume for a new 52-week high cleared the pivot point based on its 12/13/23 high plus 10 cents triggering a technical buy signal.

PCAR has a 93 Earnings Per Share rating. It reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic.

The number of top-rated funds owning its shares rose from 2,052 in Mar '23 to 2,147 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and an Accumulation/Distribution rating of A-.

Chart courtesy of www.stockcharts.com