Seacoast Banking Corp Fl (SBCF -$0.39 or -1.59% to $24.16) has been quietly consolidating above its 50-day moving average (DMA) line ($23.78) and it is still perched within striking distance of the new pivot point cited based on its 4/25/17 high. It was previously noted - "Subsequent volume-driven gains for new highs may trigger a new technical buy signal. Fundamentals remain strong." Gains above the pivot point should be backed by a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal. Members were reminded - "Without fresh proof of institutional buying demand it is considered unlikely to see a meaningful price advance."

The Stuart, Florida based banking firm reported Mar '17 earnings +30% on +24% sales revenues versus the year-ago period, marking its 4th consecutive strong earnings increase above the +25% minimum guideline (C criteria) coupled with strong sales revenues increases. Annual earnings (A criteria) have improved since a downturn and loss in FY '12.

SBCF was last shown in this FSU section on 5/25/17 with an annotated graph under the headline, "Relative Strength Rating Slumped After Lingering Below 50 DMA". It was first highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the 2/13/17 mid-day report (read here). Its solid gain backed by +234% above average volume clinched a technical buy signal, however it then completed a new Public Offering and stalled thereafter.

It has earned a Timeliness Rating of B and a Sponsorship Rating of C. The number of top-rated funds owning its shares rose from 183 in Sep '16 to 242 in Jun '17, a reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under slight distributional pressure for the past 50 days. Its small supply of only 40.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Seacoast Banking Corp Fl (SBCF -$0.17 or -0.74% to $22.75) has been sputtering below its 50-day moving average (DMA) line ($23.67). A rebound above that important short-term average is needed for its outlook to improve. Its Relative Strength rating has slumped to 79, below the 80+ minimum guideline for buy candidates. It will be dropped from the Featured Stocks list tonight. Subsequent losses below the prior low ($21.65 on 5/18/17) would raise more serious concerns.

Volume was unimpressive on 4/24/17 when it rose above the new pivot point cited based on its 3/31/17 high after a cup with handle base. Gains above the pivot point should be backed by a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal. Members were reminded - "Without fresh proof of institutional buying demand it is considered unlikely to see a meaningful price advance."

SBCF was last shown in this FSU section on 4/27/17 with an annotated graph under the headline, "Pullback Following Recent Gains With Unimpressive Volume". It was first highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the 2/13/17 mid-day report (read here). Its solid gain backed by +234% above average volume clinched a technical buy signal, however it then completed a new Public Offering and stalled thereafter.

It has earned a Timeliness Rating of B and a Sponsorship Rating of C. The number of top-rated funds owning its shares rose from 161 in Mar '16 to 231 in Mar '17, a reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure for the past 50 days. Its small supply of only 40.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Seacoast Banking Corp Fl (SBCF -$0.55 or -2.20% to $24.45) suffered its 3rd consecutive loss. It had a "negative reversal" after hitting a new high on Tuesday. Volume was unimpressive when it recently rose above the new pivot point cited based on its 3/31/17 high after a cup with handle base. Gains above the pivot point should be backed by a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal. Without fresh proof of institutional buying demand it is considered unlikely to see a meaningful price advance. Subsequent volume-driven gains for new highs may help to clinch a more convincing technical buy signal.

The Stuart, Florida based banking firm reported Mar '17 earnings +30% on +24% sales revenues versus the year-ago period, marking its 4th consecutive strong earnings increase above the +25% minimum guideline (C criteria) coupled with strong sales revenues increases. Annual earnings (A criteria) have improved since a downturn and loss in FY '12.

It was first highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the 2/13/17 mid-day report (read here). Its solid gain backed by +234% above average volume clinched a technical buy signal, however it then completed a new Public Offering and stalled thereafter.

It has earned a Timeliness Rating of A and a Sponsorship Rating of B. The number of top-rated funds owning its shares rose from 161 in Mar '16 to 211 in Mar '17, a reassuring sign concerning the I criteria. It current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral in terms of accumulation or distribution for the past 50 days. Its small supply of only 40.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Seacoast Banking Corp Fl (SBCF +$0.43 or +1.85% to $23.69) finished near the session high for a 3rd consecutive day. It recently rebounded and closed above the 50-day moving average (DMA) line helping its outlook improve and its color code was changed to yellow. Subsequent deterioration below the recent low ($21.89 on 3/22/17) would raise more serious concerns and trigger a worrisome technical sell signal.

The Stuart, Florida based bank was last shown in this FSU section on 2/13/17 with an annotated graph under the headline, "Gap Up Gain and Strong Finish Triggered Technical Buy Signal." It was highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the earlier mid-day report (read here). Its solid gain backed by +234% above average volume clinched a technical buy signal, however it then completed a new Public Offering and stalled thereafter.

The banking firm reported Dec '16 earnings +58% on +27% sales revenues, marking its 3rd consecutive strong earnings increase above the +25% minimum guideline (C criteria) coupled with strong sales revenues increases. Annual earnings (A criteria) have improved since a downturn and loss in FY '12.

It has earned a Timeliness Rating of A and a Sponsorship Rating of B. The number of top-rated funds owning its shares rose from 161 in Mar '16 to 199 in Dec '16, a reassuring sign concerning the I criteria. It current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation for the past 50 days. Its small supply of only 40.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Seacoast Banking Corp Fl (SBCF +$1.17 or +5.08% to $25.13) was highlighted in yellow with pivot point cited based on its 1/04/17 high plus 10 cents in the earlier mid-day report (read here). It quietly touched a new 52-week high on the prior session then gapped up today. Its solid gain backed by +234% above average volume clinched a technical buy signal.

It has earned a Timeliness Rating of A and a Sponsorship Rating of B. The number of top-rated funds owning its shares rose from 161 in Mar '16 to 188 in Dec '16, a reassuring sign concerning the I criteria. It current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation for the past 50 days. Its small supply of only 38 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Florida Bank Perched -6.6% Off All-Time High - Thursday, July 6, 2017

Relative Strength Rating Slumped After Lingering Below 50 DMA - Thursday, May 25, 2017

Pullback Following Recent Gains With Unimpressive Volume - Thursday, April 27, 2017

Rebound After Slump Below 50-Day Average Into Prior Base - Tuesday, March 28, 2017

Gap Up Gain and Strong Finish Triggered Technical Buy Signal - Monday, February 13, 2017