Wesco International Inc (WCC -$5.92 or -3.44% to $166.34) pulled back today with average volume yet remains only -4.9% off its all-time high, extended from the previously noted base. Prior highs in the $144-147 area define initial support to watch above its 50-day moving average (DMA) line ($148.69).

Fundamentals remain strong as it recently reported Dec '22 quarterly earnings +40% on +15% sales revenues versus the year ago period. Its Earnings Per Share Rating is 97, well above the 80+ minimum for buy candidates. The Electronic - Parts firm was highlighted in yellow in the 2/10/23 mid-day report (read here) while consolidating after recent volume-driven gains triggered a technical buy signal, a reassuring sign of fresh institutional buying demand which could lead to a meaningful price advance. It was last shown in this FSU section on 2/21/22 with an annotated graph under the headline, "Powered Higher After Recently Highlighted in Feb 10th Report".

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 621 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication of slightly distributional action over the past 50 days.

Wesco International Inc (WCC -$6.34 or -3.76% to $162.37) recently rallied above its "max buy" level with volume-driven gains and its color code was changed to green. Prior highs in the $144-147 area define initial support to watch. Fundamentals remain strong as it recently reported Dec '22 quarterly earnings +40% on +15% sales revenues versus the year ago period. Its Earnings Per Share Rating is 97, well above the 80+ minimum for buy candidates.

The Electronic - Parts firm was highlighted in yellow in the 2/10/23 mid-day report (read here) while consolidating after recent volume-driven gains triggered a technical buy signal, a reassuring sign of fresh institutional buying demand which could lead to a meaningful price advance. It was last shown in this FSU section on 6/01/22 with an annotated graph under the headline, "Big Volume-Driven Gain Helped Technical Stance Improve".

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 622 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication of slightly distributional action over the past 50 days.

Wesco International Inc (WCC +$6.71 or +5.34% to $132.29) was highlighted in yellow in the earlier mid-day report (read here) after rebounding above its 50 and 200 DMA lines with gains lacking great volume but helping its outlook improve. Subsequent gains for a new high close backed by at least +40% above average volume would be a reassuring sign of fresh institutional buying demand which could lead to a meaningful price advance.

WCC was last shown in this FSU section on 5/17/22 with an annotated graph under the headline, "Stalled After Recent Breakout But Remains Near High". The Electronic - Parts firm sputtered but showed resilience since it was dropped from the Featured Stocks list on 5/20/22.

Fundamentals remain strong after it reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. It reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady. It has an Earnings Per Share Rating of 97.

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 546 in Mar '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication of slightly distributional action over the past 50 days.

Wesco International Inc (WCC +$4.28 or +3.51% to $126.31) is sputtering near its 50-day moving average after briefly undercutting its 200 DMA line again. Prior lows in the $115 area define important near-term support to watch. Subsequent volume-driven gains for new highs would be a reassuring sign of fresh institutional buying demand which could lead to a meaningful price advance.

Recently it reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. The Electronic - Parts firm reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady. It has an Earnings Per Share Rating of 97.

It was highlighted in the 4/21/22 mid-day report in yellow with pivot point cited based on its 1/05/22 high plus 10 cents (read here). It was shown that evening with an annotated graph under the headline, "Approaching Prior Highs Where it Met Resistance". Subsequent gains above the pivot point triggered a technical buy signal, but it immediately stalled and negated the breakout.

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 558 in Mar '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication of near neutral activity concerning accumulation/distribution over the past 50 days.

Wesco International Inc (WCC +$2.70 or +2.07% to $133.18) churned +36% above average volume today but ended near the session low. It was highlighted in today's mid-day report in yellow with pivot point cited based on its 1/05/22 high plus 10 cents (read here). Prior highs in the $139-140 area were stubborn resistance. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It found support near its 200-day moving average (DMA) line in recent weeks.

The Electronic - Parts firm reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady. It has an Earnings Per Share Rating of 95.

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 551 in Mar '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication of near neutral activity concerning accumulation/distribution over the past 50 days.

Wesco Hovering Near All-Time High After Recent Breakout - Thursday, March 9, 2023

Powered Higher After Recently Highlighted in Feb 10th Report - Tuesday, February 21, 2023

Big Volume-Driven Gain Helped Technical Stance Improve - Wednesday, June 1, 2022

Stalled After Recent Breakout But Remains Near High - Tuesday, May 17, 2022

Approaching Prior Highs Where it Met Resistance - Thursday, April 21, 2022