Fundamental concerns remain, as previously noted. Consolidating in a tight range near its 52-week high since its considerable gap up on 3/09/15 following news it would be bought by Alcoa (AA) for $1.5 Billion in stock.
Perched at its 52-week high today following a considerable gap up on 3/09/15 following news it would be bought by Alcoa (AA) for $1.5 Billion in stock. Fundamental concerns remain as when noted in the 4/11/13 mid-day report with caution - "Violating its 50 DMA line today with a gap down and damaging volume-driven loss. It faces additional overhead supply up through the $39 level. Recent quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria but its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
Perched at its 52-week high today following a considerable gap up on 3/09/15 following news it would be bought by Alcoa (AA) for $1.5 Billion in stock. Fundamental concerns remain as when noted in the 4/11/13 mid-day report with caution - "Violating its 50 DMA line today with a gap down and damaging volume-driven loss. It faces additional overhead supply up through the $39 level. Recent quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria but its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
Perched at its 52-week high today following a considerable gap up on the prior session following news it would be bought by Alcoa (AA). Fundamental concerns remain as when last noted in the 4/11/13 mid-day report with caution - "Violating its 50 DMA line today with a gap down and damaging volume-driven loss. It faces additional overhead supply up through the $39 level. Recent quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria but its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
Violating its 50 DMA line today with a gap down and damaging volume-driven loss. Last noted in the 3/05/13 mid-day report with caution - "It faces additional overhead supply up through the $39 level. Recent quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria but its annual earnings (A criteria) history is not a match with the fact-based system's guidelines."
Found support above its 50 DMA line during its recent consolidation. It faces additional overhead supply up through the $39 level. Recent quarterly comparisons show strong sales revenues and earnings increases satisfying the C criteria but its annual earnings (A criteria) history is not a match with the fact-based system's guidelines.