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Quietly Slumping Near Prior Low - Friday, April 6, 2018
Weibo Corp Cl (WB -$2.53 or -2.18% to $113.6) is slumping near the prior low, still sputtering below its 50-day moving average (DMA) line ($127.82) after damaging volume-driven losses. A rebound above that short-term average is needed for its outlook to improve.
It was last shown in this FSU section on 3/08/18 with an annotated graph under the headline, "Recent Consolidation is Not a New Base of Sufficient Length". WB was first highlighted in yellow in the 1/16/18 mid-day report (read here) with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base.
Earnings rose +88% on +77% sales revenues for the Dec '17 quarter, continuing its strong earnings track record. Its strong quarterly earnings track record was marked by sales revenues acceleration. Sales revenues rose from the year ago periods by +24%, +36%, +42%, +43%, +67%, +72%, and +81% in the Mar, Jun, Sep, Dec '16, Mar, Jun, and Sep '17 quarters, respectively. The limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. Weibo completed its $17 IPO in April 2014, and in FY '14 and prior years it reported losses.
The number of top-rated funds owning its shares rose from 503 in Jun '17 to 567 in Mar '18, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness rating of B.
Charts courtesy wwwstockcharts.com
Recent Consolidation is Not a New Base of Sufficient Length - Thursday, March 8, 2018
Weibo Corp Cl (WB -$1.36 or -0.98% to $137.57) recently rose back above its "max buy" level, but it has not formed a sound new base of sufficient length. It was last shown in this FSU section on 2/09/18 with an annotated graph under the headline, "Consolidating Near 50-Day Average With Earnings News Due".
Recently reported earnings +88% on +77% sales revenues for the Dec '17 quarter, continuing its strong earnings track record. It reported earnings +113% on +81% sales revenues for the Sep '17 quarter. Its strong quarterly earnings track record was marked by sales revenues acceleration. Sales revenues rose from the year ago periods by +24%, +36%, +42%, +43%, +67%, +72%, and +81% in the Mar, Jun, Sep, Dec '16, Mar, Jun, and Sep '17 quarters, respectively. The limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. Weibo completed its $17 IPO in April 2014, and in FY '14 and prior years it reported losses.
The number of top-rated funds owning its shares rose from 312 in Mar '17 to 555 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A but a Sponsorship rating of E.
WB was highlighted in yellow in the 1/16/18 mid-day report (read here) with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base. Limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern.
Charts courtesy wwwstockcharts.com
Consolidating Near 50-Day Average With Earnings News Due - Friday, February 9, 2018
Weibo Corp Cl (WB +$3.59 or +3.21% to $115.35) managed a "positive reversal" and closed Friday's session back above its 50-day moving average ($115.07) helping its outlook improve. Big losses this week triggered a technical sell signal and early weakness initially took it below prior highs in the $123 area and further below the 50 DMA line.
Keep in mind that Weibo is due to announce its unaudited financial results for the fourth quarter of 2017 before the market opens on Tuesday, February 13, 2018. Volume and volatility often increase near earnings news. It reported earnings +113% on +81% sales revenues for the Sep '17 quarter, continuing its strong quarterly earnings track record marked by sales revenues acceleration. Sales revenues rose from the year ago periods by +24%, +36%, +42%, +43%, +67%, +72%, and +81% in the Mar, Jun, Sep, Dec '16, Mar, Jun, and Sep '17 quarters, respectively. The limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. Weibo completed its $17 IPO in April 2014, and in FY '14 and prior years it reported losses.
The number of top-rated funds owning its shares rose from 312 in Mar '17 to 517 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness rating of A but a Sponsorship rating of E.
WB was highlighted in yellow in the 1/16/18 mid-day report (read here) with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base. Limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. It was last shown in this FSU section on 1/16/18 with an annotated graph under the headline, "Close in Session's Lower Third a Sign of Distributional Pressure".
Charts courtesy wwwstockcharts.com
Close in Session's Lower Third a Sign of Distributional Pressure - Tuesday, January 16, 2018
Weibo Corp Cl (WB +$1.75 or +1.44% to $123.19) was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base. The gain was backed by +60% above average volume and it closed above the pivot point, clinching a technical buy signal. It ended in the lower third of its intra-day range, however, a sign of distributional pressure while the broader market also reversed markedly on the session.
WB was highlighted in yellow with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base. Limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. See the latest FSU analysis and a new annotated graph.
Recently it reported earnings +113% on +81% sales revenues for the Sep '17 quarter, continuing its strong quarterly earnings track record marked by sales revenues acceleration. Sales revenues rose from the year ago periods by +24%, +36%, +42%, +43%, +67%, +72%, and +81% in the Mar, Jun, Sep, Dec '16, Mar, Jun, and Sep '17 quarters, respectively. The limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. Weibo completed its $17 IPO in April 2014, and in FY '14 and prior years it reported losses .
The number of top-rated funds owning its shares rose from 312 in Mar '17 to 502 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A but a Sponsorship rating of E.
Charts courtesy wwwstockcharts.com