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Rebound Above 50 DMA Line Needed to Help Outlook Improve - Tuesday, October 19, 2021
Perkinelmer Inc (PKI +$1.23 or +0.72% to $171.62) posted a 5th consecutive gain today with below average volume. A rebound above its 50-day moving average (DMA) line ($178) is needed for its outlook to improve. It encountered distributional pressure after it recently wedged to new all-time highs. It made limited headway following a noted "3-weeks tight" base as its color code was changed to yellow with new pivot point cited based on its 8/05/21 high plus 10 cents. Subsequent volume-driven gains for new highs would be a welcome sign of fresh institutional buying demand that could lead to more substantial price progress.
PKI was highlighted in yellow with pivot point cited based on its 1/11/21 high plus 10 cents in the 7/26/21 mid-day report (read here). It was last shown in greater detail on 9/17/21 with an annotated graph under the headline, "Stalled But Holding Ground After Recent "3 Weeks Tight".
Fundamentals remain strong. The high-ranked ELECTRONICS - Scientific and Technical Instruments firm showed bullish action after it reported earnings +80% on +51% sales revenues for the Jun '21 quarter versus the year ago period, its 6th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved steadily. It has an Earnings Per Share Rating of 98.
There are 112.1 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 1,269 in Sep '20 to 1,527 in Sep '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
Stalled But Holding Ground After Recent "3 Weeks Tight" - Friday, September 17, 2021
Perkinelmer Inc (PKI $187.56 +$1.69 +0.91%) has encountered some distributional pressure after it recently wedged to new all-time highs. It made limited headway following a noted "3-weeks tight" base as its color code was changed to yellow with new pivot point cited based on its 8/05/21 high plus 10 cents. Subsequent volume-driven gains for new highs would be a welcome sign of fresh institutional buying demand that could lead to more substantial price progress. Its 50-day moving average (DMA) line ($177.61) defines important near-term support to watch.
PKI finished strong after highlighted in yellow with pivot point cited based on its 1/11/21 high plus 10 cents in the 7/26/21 mid-day report (read here). It was shown in greater detail that evening with an annotated graph under the headline, "Powerful Volume-Driven Breakout After Earnings Report".
Fundamentals remain strong. The high-ranked ELECTRONICS - Scientific and Technical Instruments firm showed bullish action after it reported earnings +80% on +51% sales revenues for the Jun '21 quarter versus the year ago period, its 6th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved steadily. It has an Earnings Per Share Rating of 98.
There are 112.1 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 1,269 in Sep '20 to 1,511 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
Powerful Volume-Driven Breakout After Earnings Report - Monday, July 26, 2021
Perkinelmer Inc (PKI +$7.77 or +4.73% to $172.11) finished strong after highlighted in yellow with pivot point cited based on its 1/11/21 high plus 10 cents in the earlier mid-day report (read here) .It clinched a technical buy signal and hit a new all-time high (N criteria) with +186% above average volume behind today's 8th consecutive gain. Recently it had been wedging higher with gains lacking great volume conviction.
The high-ranked ELECTRONICS - Scientific and Technical Instruments firm showed bullish action after it reported earnings +80% on +51% sales revenues for the Jun '21 quarter versus the year ago period, its 6th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved steadily. It has a highest possible Earnings Per Share Rating of 99.
The number of top-rated funds owning its shares rose from 1,269 in Sep '20 to 1,501 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
The number of top-rated funds owning its shares rose from 1,269 in Sep '20 to 1,501 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
