Its 50 DMA line acted as support during its consolidation since last shown in this FSU section on 8/21/14 under the headline, "Technically Strong Despite Fundamental Concerns Raised By Most Current Quarterly Earnings". WLK traded up as much as  +35.2% from when it was first featured in yellow at $72.79 rallying from a "double bottom" base in the 4/29/14 mid-day report (read here).

The Chemicals - Basic industry group has a Group Relative Strength rating of 82 and strong action and leadership from others in the group is a reassuring sign concerning the L criteria. WLK's annual earnings growth rate (A criteria) has been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 465 in Jun '14, a reassuring trend concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

WLK is up +29.1% from when it was first featured in yellow at $72.79 rallying from a "double bottom" base in the 4/29/14 mid-day report (read here). The Chemicals - Basic industry group has a Group Relative Strength rating of 75 and strong action and leadership from others in the group is a reassuring sign concerning the L criteria. 

Its annual earnings growth rate (A criteria) has been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 454 in Jun '14, a reassuring trend concerning the I criteria.  The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

It was last shown in this FSU section on 7/07/14 under the headline, "Great Ranks and Reassuring Leadership in Chemical Group". The Chemicals - Basic industry group has a Group Relative Strength rating of 81 and strong action and leadership from others in the group is a reassuring sign concerning the L criteria. It reported +28% earnings on +19% sales for the Mar '14 quarter, and it has earned great ranks as its quarterly earnings increases have been above the +25% minimum (C criteria).  Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 446 in Jun '14, a reassuring trend concerning the I criteria.  The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

It finished the session up +16.8% from when it was first featured in yellow at $72.79 rallying from a "double bottom" base in the 4/29/14 mid-day report (read here). It reported +28% earnings on +19% sales for the Mar '14 quarter, and it has earned great ranks as its quarterly earnings increases have been above the +25% minimum (C criteria). Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 431 in Mar '14, a reassuring trend concerning the I criteria.  The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

It finished Friday's session up +13.2% from when it was first featured in yellow at $72.79 rallying from a "double bottom" base in the 4/29/14 mid-day report (read here). It reported +28% earnings on +19% sales for the Mar '14 quarter, and it has earned great ranks as its quarterly earnings increases have been above the +25% minimum (C criteria). Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 409 in Mar '14, a reassuring trend concerning the I criteria.  The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

The Chemicals - Basic industry group has seen its Group Relative Strength rating rise from 65 to 86 since shown in this FSU section on 4/29/14 with annotated graphs under the headline, "Technical Breakout From Double Bottom Base Pattern". Strong action and leadership from others in the group is a reassuring sign concerning the L criteria.

It reported +28% earnings on +19% sales for the Mar '14 quarter, and it has earned great ranks as its quarterly earnings increases have been above the +25% minimum (C criteria). Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 409 in Mar '14, a reassuring trend concerning the I criteria.  The small supply of only 40 million shares (S criteria) in the public float is ideal, while it can contribute to greater price volatility in the event of new institutional buying or selling.

The Chemicals - Basic industry group has seen its Group Relative Strength rating rise from 65 to 87 since shown in this FSU section on 4/29/14 with annotated graphs under the headline, "Technical Breakout From Double Bottom Base Pattern". Strong action and leadership from others in the group is a reassuring sign concerning the L criteria.

Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 409 in Mar '14, a reassuring trend concerning the I criteria.  The Chemicals - Basic industry group has seen its Group Relative Strength rating rise from 65 to 79 since last shown in this FSU section on 4/29/14 with annotated graphs under the headline, "Technical Breakout From Double Bottom Base Pattern". Strong action and leadership from others in the group is a reassuring sign concerning the L criteria.

The company was highlighted in yellow at $72.79 with pivot point cited based on its 4/04/14 high in the 4/29/14 mid-day report (read here). The plastics maker separated its ethylene assets into a tax-advantaged partnership in which it plans to sell shares to the public. It gapped up for a considerable volume-driven gain and a new 52-week high, rallying from a "double bottom" base. While the stock's bullish action triggered a technical buy signal, members were cautioned that 3 out of 4 stocks tend to move in the same direction of the major averages (M criteria).

Westlake Chemical Corp (WLK +$6.34 or +9.88% to $70.53) was highlighter in yellow with pivot point cited based on its 4/04/14 high in the earlier mid-day report (read here). The plastics maker separated its ethylene assets into a tax-advantaged partnership in which it plans to sell shares to the public. It gapped up today for a considerable volume-driven gain and a new 52-week high, rallying from a "double bottom" base. While the stock's bullish action triggered a technical buy signal, members were 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.

It has earned good ranks and its quarterly earnings increases have been above the +25% minimum (C criteria) in recent comparisons through Dec '13. Its annual earnings growth rate (A criteria) has also been strong after a downturn in FY '08 and '09. The number of top-rated funds owning its shares rose from 381 in Sep '13 to 404 in Mar '14, a reassuring trend concerning the I criteria.  Although the Chemicals - Basic industry group has a mediocre 65 Group Relative Strength, strong action and leadership from others in the group is a reassuring sign concerning the L criteria.