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Hitting New 52-Week High and New Pivot Point Cited - Tuesday, May 06, 2014
Power Solutions Int'l Inc (PSIX +$1.17 or +1.37% to $86.46) hit a new 52-week high today with a volume-driven gain. No resistance remains due to overhead supply. Its color code was changed to yellow with new pivot point cited based on its 3/11/14 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. If bullish action triggers a technical buy signal members are still cautioned that 3 out of 4 stocks tend to move in the same direction of the major averages (M criteria). Confirming gains from the major averages are still needed as reassurance the broader market is strong.The high-ranked firm from the Machinery - General Industrial group has tallied multiple gains back by above average volume since last shown in this FSU section on 4/14/14 with annotated graphs under the headline, "Halted Slide After Slump Below 50-Day Moving Average". Disciplined investors avoid chasing stocks more than +5% above prior highs and always sell if any stock falls more than -7% from their purchase price. The 50-day moving average (DMA) line defines near-term support to watch.
PSIX was highlighted in yellow with a pivot point cited based on its 2/21/14 high in the 2/28/14 mid-day report (read here). It stalled shortly after its 3/06/14 technical breakout, having made only a little headway into new high territory. It reported earnings +26% on +17% sales revenues for the Dec '13 quarter, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). The number of top-rated funds owning its shares rose from 6 in Mar '13 to 125 in Mar '14, a reassuring trend concerning the I criteria. The small supply of only 4.33 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Additional leadership in the Machinery - General Industrial group (L criteria) is reassuring.
Halted Slide After Slump Below 50-Day Moving Average - Monday, April 14, 2014
Power Solutions Int'l Inc (PSIX +$0.69 or +0.97% to $72.19) is trading below its 50-day moving average (DMA) line after recent volume-driven losses. Its color code was changed to green. The recent low ($66.03 on 4/07/14) defines important near-term support where further deterioration would raise greater concerns. The high-ranked firm from the Machinery - General Industrial group was last shown in this FSU section on 4/01/14 with annotated graphs under the headline, "Found Prompt Support Near 50-Day Average After Dip Back Into Prior Base". Disciplined investors avoid chasing stocks more than +5% above prior highs and always sell if any stock falls more than -7% from their purchase price.PSIX was highlighted in yellow with a pivot point cited based on its 2/21/14 high in the 2/28/14 mid-day report (read here). It stalled shortly after its 3/06/14 technical breakout, having made only a little headway into new high territory. It reported earnings +26% on +17% sales revenues for the Dec '13 quarter, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). The number of top-rated funds owning its shares rose from 6 in Mar '13 to 123 in Mar '14, a reassuring trend concerning the I criteria. The small supply of only 4.33 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Additional leadership in the Machinery - General Industrial group (L criteria) is reassuring.
Found Prompt Support Near 50-Day Average After Dip Back Into Prior Base - Tuesday, April 01, 2014
Power Solutions Int'l Inc (PSIX +$1.76 or +2.34% to $76.93) is consolidating just above its 50-day moving average (DMA) line after halting its latest slide near that important short-term average. The high-ranked firm from the Machinery - General Industrial group was last shown in this FSU section on 3/18/14 with annotated graphs under the headline, "Halted Slide After Undercutting Prior Highs on Pullback". Afterward it slumped well below prior highs in the $78 area raising concerns while completely negating the recent breakout. Disciplined investors avoid chasing stocks more than +5% above prior highs and always sell if any stock falls more than -7% from their purchase price.
PSIX was highlighted in yellow with a pivot point cited based on its 2/21/14 high in the 2/28/14 mid-day report (read here). It stalled shortly after its 3/06/14 technical breakout having made only a little headway into new high territory. It reported earnings +26% on +17% sales revenues for the Dec '13 quarter, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). The number of top-rated funds owning its shares rose from 6 in Mar '13 to 116 in Dec '13, a reassuring trend concerning the I criteria. The small supply of only 4.33 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Additional leadership in the Machinery - General Industrial group (L criteria) is reassuring.
Halted Slide After Undercutting Prior Highs on Pullback - Tuesday, March 18, 2014
Power Solutions Int'l Inc (PSIX +$4.43 or +5.90% to $79.55) halted its slide above its 50-day moving average (DMA) line and finished near the session high with a solid gain today following 5 consecutive losses. It briefly undercut prior highs in the $78 area raising concerns, yet appears to have found prompt support. Disciplined investors avoid chasing stocks more than +5% above prior highs and always sell if any stock falls more than -7% from their purchase price.
The high-ranked firm from the Machinery - General Industrial group was last shown in this FSU section on 2/28/14 with annotated graphs under the headline, "Earnings Solid and Forming a Cup-With-Handle", after highlighted in yellow with a pivot point cited based on its 2/21/14 high in the earlier mid-day report (read here). It reported earnings +26% on +17% sales revenues for the Dec '13 quarter, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria).
The number of top-rated funds owning its shares rose from 6 in Mar '13 to 116 in Dec '13, a reassuring trend concerning the I criteria. The small supply of only 4.33 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. Additional leadership in the Machinery - General Industrial group (L criteria) is reassuring.
Earnings Solid and Forming a Cup-With-Handle - Friday, February 28, 2014
Power Solutions Intl Inc (PSIX +$3.62 or +5.14% to $74.10) was highlighted in yellow with a pivot point cited based on its 2/21/14 high in the earlier mid-day report (read here). It reported earnings +26% on +17% sales revenues for the Dec '13 quarter, its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). It is rallying from support at its 50-day moving average (DMA) line and perched within striking distance of its 52-week high.PSIX faces some resistance up through the $78 area while currenly forming a 10-week cup-with-handle base pattern. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal, meanwhile it is ideal for investors' watch lists.
The number of top-rated funds owning its shares rose from 6 in Mar '13 to 115 in Dec '13, a reassuring trend concerning the I criteria. The small supply of only 4.3 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. The Machinery - General Industrial group is high ranked and leadership in the group (L criteria) is reassuring.
