Upgrade your membership to see all of the expert analysis we have published on PII now!
Quiet Pullback Undercut 50-Day Moving Average Line - Friday, August 11, 2023
Polaris (PII -$0.06 or -0.05% to $124.32) pulled back today for a 7th consecutive loss with below-average volume and closed just below its 50-day moving average (DMA) line ($124.65). More damaging losses would raise greater concerns. Recently it reported Jun '23 quarterly earnings +0% versus the year-ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its Earnings Per Share Rating is currently 88, still above the 80+ minimum guidelint for buy candidates.
PII was highlighted in yellow with pivot point cited based on its 8/16/22 high plus 10 cents in the 7/11/23 mid-day report (read here). It was shown in greater detail that evening with an annotated graph under the headline, "Volume-Driven Breakout for Polaris".
It hails from the Leisure-Products group which is ranked 136th on the 197 Industry Groups list. Its Sep, Dec '22, and Mar '23 quarterly sales revenues were strong and earnings increases were above the +25% minimum (C criteria) versus the year ago periods. Annual earnings (A criteria) history had a slight downturn in FY '19 followed by strong growth.
The number of top-rated funds owning its shares reportedly fell from 613 in Sep '22 to 593 in Mar '23, not a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is only a slightly bullish sign of accumulation over the past 50 days. It has an Accumulation/Distribution Rating of B+ and B ratings for both Timeliness and Sponsorship.
Volume-Driven Breakout for Polaris - Tuesday, July 11, 2023
Polaris (PII $128.79 +$5.73 +4.66%) finished strong after highlighted in yellow with pivot point cited based on its 8/16/22 high plus 10 cents in the earlier mid-day report (read here). It hit a new 52-week high today with a strong close above the pivot point backed by +86% above average volume clinching a technical buy signal.
It hails from the Leisure-Products group which is ranked 128th on the 197 Industry Groups list. Reported very strong Sep, Dec '22, and Mar '23 quarterly sales revenues and earnings increases above the +25% minimum (C criteria) versus the year ago periods. Annual earnings (A criteria) history had a slight downturn in FY '19 followed by strong growth.
The number of top-rated funds owning its shares reportedly fell from 613 in Sep '22 to 593 in Mar '23, not a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is only a slightly bullish sign of accumulation over the past 50 days. It has an Accumulation/Distribution Rating of B+ and B ratings for both Timeliness and Sponsorship.
