Rebounding Toward Prior High With Earnings News Due - Thursday, August 22, 2024
Sputtering Below 50-Day Moving Average Line - Thursday, July 11, 2024
Still Sputtering Below Pivot Point After Negating Breakout - Monday, June 17, 2024
Pulled Back Below Prior Highs Raising Concerns - Tuesday, May 28, 2024

There are 4 more featured stock write-ups on since to 6/20/2024

Still Sputtering Below Pivot Point After Negating Breakout - Monday, June 17, 2024

PDD Holdings (PDD -$0.68 or -0.46% to $148.30) pulled back today with below average volume. It raised concerns recently as it negated the breakout after clearing a 20-week base. Disciplined investors avoid big losses by selling any stock that falls more than 7-8% below their purchase price. It was last shown in this FSU section on 5/28/24 under the headline "Pulled Back Below Prior Highs Raising Concerns".

It has a highest possible Earnings Per Share Rating of 99. Quarterly comparisons through Mar '24 showed encouraging sales revenues and greatly improved earnings versus the year-ago periods with growth rate acceleration. After years of losses, it had a profitable FY '21-23 helping it better match the fundamental annual earnings (A criteria) guidelines of the fact-based investment system.

The number of top-rated funds owning its shares rose from 1,487 in Jun '23 to 1,862 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 an A Timelinesss Rating and a B Sponsorship Rating.

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 TDG TDG NYSE
TransDigm Group
Aerospace/Defense  
$1,318.91+24.15
1.87%

$1,328.20

162,446
77.73% of 50 DAV
50 DAV is 209,000
$1,369.58
-3.70%
4/12/2024$1,224.21PP = $1,246.32
MB = $1,308.64
 Most Recent Note - 6/17/2024 3:54:05 PM
G - Quietly consolidating above its "max buy" level. Its 50 DMA line ($1,283) defines near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Transdigm Consolidating Above 50-Day Moving Average - 6/12/2024 
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StockCharts.com Latest Chart for USLM USLM NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag  
$354.59+12.28
3.59%

$354.74

30,072
125.30% of 50 DAV
50 DAV is 24,000
$378.78
-6.39%
2/9/2024$254.68PP = $265.09
MB = $278.34
 Most Recent Note - 6/17/2024 3:56:42 PM
G - Rebounding toward the prior high with higher volume behind today''s gain. Recently found prompt support near its 50 DMA line ($332). It has not formed a sound base. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Streak of Losses Testing 50-Day Moving Average Line - 6/6/2024 
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StockCharts.com Latest Chart for CLS CLS NYSE
Celestica
Elec-Contract Mfg  
$57.02+1.31
2.35%

$57.47

1,952,264
82.34% of 50 DAV
50 DAV is 2,371,000
$61.06
-6.62%
5/15/2024$51.52PP = $51.22
MB = $53.78
 Most Recent Note - 6/17/2024 3:58:46 PM
G - Wedging higher after finding support near prior highs in the $51 area. Its 50 DMA line ($49.77) defines additional near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Steady Pullback to Below "Max Buy" Level Following Rally - 6/4/2024 
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StockCharts.com Latest Chart for DECK DECK NYSE
Deckers Outdoor
Apparel-Shoes and Rel Mfg  
$1,017.49-6.26
-0.61%

$1,037.05

350,489
97.36% of 50 DAV
50 DAV is 360,000
$1,106.89
-8.08%
5/24/2024$1,010.60PP = $956.27
MB = $1,004.08
Most Recent Note - 6/13/2024 4:36:56 PM
G - Consolidating near its all-time high, extended from the prior base. Prior highs in the $956 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Deckers Consolidating Near High - 6/13/2024 
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StockCharts.com Latest Chart for ELF ELF NYSE
e.l.f. Beauty
Cosmetics/Personal Care  
$195.41+2.78
1.44%

$198.01

689,718
42.92% of 50 DAV
50 DAV is 1,607,000
$221.83
-11.91%
5/24/2024$193.79PP = $182.73
MB = $191.87
 Most Recent Note - 6/17/2024 4:00:09 PM
G - Hovering near recent highs. Its 50 DMA line ($173) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Down on Lighter Volume After Breakout From "Double Bottom" Base - 5/29/2024 
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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 PDD PDD NASDAQ
PDD Holdings ADR
Retail-Internet  
$148.30-0.68
-0.46%

$150.45

4,512,247
47.95% of 50 DAV
50 DAV is 9,410,000
$164.69
-9.95%
5/24/2024$161.85PP = $153.09
MB = $160.74
 Most Recent Note - 6/17/2024 5:06:51 PM
Y - Pulled back today with below average. Raised concerns recently as it negated the breakout after clearing a 20-week base. Disciplined investors avoid big losses by selling any stock that falls more than 7-8% below their purchase price. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Still Sputtering Below Pivot Point After Negating Breakout - 6/17/2024 
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StockCharts.com Latest Chart for CRWD CRWD NASDAQ
CrowdStrike Holdings
Computer Sftwr-Security  
$390.43+5.00
1.30%

$394.64

4,549,308
129.72% of 50 DAV
50 DAV is 3,507,000
$390.71
-0.07%
5/28/2024$351.47PP = $365.10
MB = $383.36
Most Recent Note - 6/13/2024 4:35:53 PM
Y - Color code is changed to yellow after pulling back just below its "max buy" level today with near average volume following 4 consecutive volume-driven gains for new all-time highs. Its 50 DMA line ($323) defines near-term support to watch. Bullish action came after it reported Apr '24 quarterly earnings +63% on +33% sales revenues versus the year-ago period, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Volume-Driven Loss Triggered Technical Sell Signal - 5/30/2024 
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StockCharts.com Latest Chart for NVO NVO NYSE
Novo Nordisk ADR
Medical-Ethical Drugs  
$140.37-2.13
-1.49%

$142.13

3,098,407
83.18% of 50 DAV
50 DAV is 3,725,000
$144.50
-2.86%
6/7/2024$143.06PP = $138.38
MB = $145.30
 Most Recent Note - 6/17/2024 3:52:17 PM
Y - Pulled back today with light volume. Recently wedged to new all-time highs with gains lacking great volume conviction. Color code was changed to yellow with pivot point cited based on its 3/07/24 high. To clinch a proper technical buy signal gains above the pivot point must be backed by at least +40% above-average volume. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Wedging Into New High Ground - 6/7/2024 
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StockCharts.com Latest Chart for GVA GVA NYSE
Granite Construction
Bldg-Heavy Construction  
$61.97-0.32
-0.51%

$62.46

187,962
43.11% of 50 DAV
50 DAV is 436,000
$64.33
-3.67%
6/11/2024$59.76PP = $64.33
MB = $67.55
Most Recent Note - 6/12/2024 5:34:03 PM
Y - Gapped up today for a 3rd consecutive volume-driven gain. Color code was changed to yellow when highlighted on the earlier 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. Reported improved earnings in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Granite Construction Found Support at 10-Week Moving Average - 6/11/2024 
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Pulled Back Below Prior Highs Raising Concerns - Tuesday, May 28, 2024

PDD Holdings (PDD $7.85 or -4.98% to $149.72) retreated abruptly today with a volume-driven loss undercutting the prior high raising concerns. It was highlighted in yellow in the 5/24/24 mid-day report with pivot point cited based on its 1/11/24 high plus 10 cents (read here). The Retail-Internet firm rallied to new 52-week highs with 3 consecutive volume-driven gains clearing a 20-week base during which it found prompt support at its 200 DMA line.

It has a highest possible Earnings Per Share Rating of 99. Quarterly comparisons through Mar '24 showed encouraging sales revenues and greatly improved earnings versus the year-ago periods with growth rate acceleration. After years of losses, it had a profitable FY '21-23 helping it better match the fundamental annual earnings (A criteria) guidelines of the fact-based investment system.

The number of top-rated funds owning its shares rose from 1,487 in Jun '23 to 1,855 in Mar '24, 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 an A Timelinesss Rating and a B Sponsorship Rating.

Chart courtesy of www.stockcharts.com