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Volume-Driven Losses Triggered Sell Signal - Thursday, October 02, 2014

Trinity Industries Inc (TRN -$1.59 or -3.69% to $41.53) traded below its prior low ($41.05 on 8/08/14) today while tallying a 6th consecutive loss. This week's damaging volume-driven losses triggered a technical sell signal. Due to technical deterioration it will be dropped from the Featured Stocks list tonight. The Transportation - Equipment Manufacturing firm was last shown in this FSU section on 9/12/14 with annotated graphs under the headline, "Consolidating Above 50-Day Moving Average Line", and noted with caution - "Pulling back since a 'negative reversal' at its 52-week high on 9/03/14. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50-day moving average (DMA) line. Subsequent deterioration below that important short-term average would raise concerns and trigger technical sell signals."

Fundamentals remain strong after it reported earnings +91% on +39% sales revenues for the Jun '14 quarter, continuing its streak of strong quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10.

TRN traded up as much as +34.35% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 455 in Sep '13 to 539 in Jun '14, a reassuring sign concerning the I criteria. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.



Consolidating Above 50-Day Moving Average Line - Friday, September 12, 2014

Trinity Industries Inc (TRN -$0.48 or -1.0% to $47.39) has been pulling back since a "negative reversal" at its 52-week high on 9/03/14. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50-day moving average (DMA) line. Subsequent deterioration below that important short-term average would raise concerns and trigger technical sell signals.

The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 8/25/14 with annotated graphs under the headline, "Rallying Into New High Territory Without Forming New Base". It reported earnings +91% on +39% sales revenues for the Jun '14 quarter, continuing its streak of strong quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10.

TRN traded up as much as +33.4% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 455 in Sep '13 to 532 in Jun '14, a reassuring sign concerning the I criteria. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.

 



Rallying Into New High Territory Without Forming New Base - Monday, August 25, 2014

Trinity Industries Inc (TRN +$0.37 or +0.77% to $48.55) hit another new 52-week high with today's 6th consecutive gain. It has not formed a sound base. The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 7/28/14 with annotated graphs under the headline, "Earnings News Due Following Tuesday's Close". It reported earnings +91% on +39% sales revenues for the Jun '14 quarter, continuing its streak of strong quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10.

TRN traded up as much as +30.1% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

Its 50-day moving average (DMA) line ($44.16) defines near-term support to watch. Subsequent deterioration below that important short-term average would raise concerns and trigger technical sell signals.

The number of top-rated funds owning its shares rose from 455 in Sep '13 to 526 in Jun '14, a reassuring sign concerning the I criteria. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.



Earnings News Due Following Tuesday's Close - Monday, July 28, 2014

Trinity Industries Inc (TRN -$0.32 or -0.71% to $45.03) is perched within close striking distance of a new 52-week high. It is extended from its prior base, and its 50-day moving average (DMA) line ($42.95) defines near-term support to watch. Subsequent deterioration below that important short-term average would raise concerns and trigger technical sell signals.

Keep in mind that volume and volatility often increase near earnings news and it is due to report Jun '14 quarterly results after the close on Tuesday. It has earned high ranks and reported earnings +213% on +57% sales revenues for the Mar '14 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10.

The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 7/08/14 with annotated graphs under the headline, "Bullish Up/Down Volume and Increasing Institutional Ownership". TRN traded up as much as +22.59% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 455 in Sep '13 to 498 in Jun '14, a reassuring sign concerning the I criteria. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.



Bullish Up/Down Volume and Increasing Institutional Ownership - Tuesday, July 08, 2014

Trinity Industries Inc (TRN -$0.27 or -0.61% to $43.96) is perched near its 52-week high, extended from its prior base. Its 50-day moving average (DMA) line ($41.27) defines important near-term support to watch above its recent lows. Subsequent deterioration below those levels would raise concerns and trigger technical sell signals. The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 6/16/14 with annotated graphs under the headline, "Recent Lows and 50-Day Moving Average Line Define Near-Term Support".

TRN traded up as much as +20.9% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price. 

It has earned high ranks and reported earnings +213% on +57% sales revenues for the Mar '14 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. The number of top-rated funds owning its shares rose from 455 in Sep '13 to 471 in Jun '14, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication that its shares have been under accumulation over the past 50 days. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.



Recent Lows and 50-Day Moving Average Line Define Near-Term Support - Monday, June 16, 2014

Trinity Industries Inc (TRN +$3.13 or +3.85% to $84.50) gapped up today for a solid gain and finished near the session high, ending a streak of 4 consecutive losses. Recent lows define near-term support that comes into play above its 50-day moving average (DMA) line ($77.79). Subsequent deterioration below those levels would raise concerns and trigger technical sell signals.

TRN traded up as much as +15.57% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.  The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 6/02/14 with annotated graphs under the headline, "Extended From Prior Base After +15% Rally in One Month".  

It has earned high ranks and reported earnings +213% on +57% sales revenues for the Mar '14 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication that its shares have been under accumulation over the past 50 days. Its fairly small supply of 77.5 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.



Extended From Prior Base After +15% Rally in One Month - Monday, June 02, 2014

Trinity Industries Inc (TRN -$0.04 or -0.05% to $86.49) is extended from its prior base. It traded up as much as +15.57% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price. Prior highs in the $75-76 area define near-term support to watch on pullbacks.

TRN was last shown in this FSU section on 5/12/14 with annotated graphs under the headline, "Rose Beyond "Max Buy" Level With 7th Consecutive Gain". The Transportation - Equipment Manufacturing firm reported earnings +213% on +57% sales revenues for the Mar '14 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication that its shares have been under accumulation over the past 50 days.



Rose Beyond "Max Buy" Level With 7th Consecutive Gain - Monday, May 12, 2014

Trinity Industries Inc (TRN +$2.04 or +2.60% to $80.39) gapped up and hit another new 52-week high and its color code was changed to green after today's 7th consecutive gain while rallying above the "max buy" level. On 5/02/14 a strong close above the pivot point clinched a technical buy signal as it tallied a gain backed by +82% above average volume. It rallied further above its pivot point on 5/06/14 with a gain backed by +86% above average volume. 

TRN was last shown in this FSU section on 4/30/14 with annotated graphs under the headline, "Finished Near Session Lows After Encountering Distributional Pressure", after highlighted in yellow with pivot point cited based on its 3/21/14 high plus 10 cents in the earlier mid-day report (read here).Prior highs in the $75-76 area define near-term support to watch on pullbacks. Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The Transportation - Equipment Manufacturing firm reported earnings +213% on +57% sales revenues for the Mar '14 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. It found support at its 50-day moving average (DMA) line recently while making gradual progress. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication that its shares have been under accumulation over the past 50 days.



Finished Near Session Lows After Encountering Distributional Pressure - Wednesday, April 30, 2014

Trinity Industries Inc (TRN +$3.08 or +4.24% to $75.57) was highlighted in yellow with pivot point cited based on its 3/21/14 high plus 10 cents in the earlier mid-day report (read here). It gapped up today hitting a new 52-week high but finished near the session low after encountering distributional pressure. A strong close above the pivot point could have clinched a technical buy signal.

The Transportation - Equipment Manufacturing firm reported earnings +213% on +57% sales revenues for the Mar '14 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. It found support at its 50-day moving average (DMA) line recently while making gradual progress. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication that its shares have been under accumulation over the past 50 days.