I don't pay any attention to what others say about a stock. Learn to look at, read and understand what a chart is telling you is all that you really need. Opinions from newsletters, websites and other periodicals are usually wrong...
There is quite a bit of "overhead supply" in SFS, from here all the way through the low $19's. Yes, there have been some good volume days, like November 12 and 18th, but you don't know what their agenda is! They bought when the stock was $15 and $16. Should the general market begin to correct, this stock could be in for a haircut!
With only 223,000 traded per day, SFS could fall very hard---back to $15 or so in a general correction.
If you haven't bought here, I'd wait---don't chase stocks that have risen sharply so quickly. SFS has gone from $14 to almost $18...that 28.5%. I'd be taking profits in here...so be very careful!
I don't know what "triple top" he's talkin' about...and there is nothing even close to a "head and shoulders top" pattern forming either.
If you look at a chart, yes, there is a potential "double top" in place currently, but in order for that to become a statistic, MXL would need to make a new low from here [to test the previous low...below $15] which I don't see happening in here, unless the general market has a meltdown.
Just relax, enjoy the view and always---watch the volume.
Have a great weekend everyone!
"I wonder if that is more hedge fund accumulation..."
The I.B.D. website updates technical indicators every day, which it received from the Willian J. O'Neil database. This database is also used by many of the major brokerage firms, banks and other large institutional investors around the world.
NUAN's "accumulation/distribution" indicator is now showing an A-...
[ Exclusive rating in Investor's Business Daily. One of the IBD SmartSelect® Corporate Ratings, it tracks the relative degree of institutional buying (accumulation) and selling (distribution) in a particular stock over the last 13 weeks. Updated daily, stocks are rated on an A+ to E scale.
A = Heavy buying
B = Moderate buying
C = Equal amount of buying and selling
D = Moderate selling
E = Heavy selling
The rating is enhanced by "+" and "-" signs to show additional detail on institutional activity; a "B+" indicates greater accumulation than a "B" rating, whereas a "B-" indicates less accumulation than a "B" rating, and so on.
The "up vs down volume indicator shows a 1.6...
[A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock.]
Just these two indicators alone confirm all of our suspicions: that there is definitely something occurring in our NUAN.
As you "count your blessings one by one" today, please keep our brave, young men and women in Afghanistan and those in our military around the world in your thoughts, won't you please?
They are so far from home, from loved ones and friends. They are in less than hospitable surroundings and deserve all the love and support we can afford them...
Yesterday morning, about 10:15 A.M. Eastern time, there were 622,336 shares traded in 5 minutes. The trade closed at $20.36...down from $20.59..
Since that trade, NUAN has not looked back...remarkable.
At the close, NUAN traded 3.2 million shares...UP 73% above the 50 day M/A. Interesting too is the fact that after 11:30 A.M. Eastern time, NUAN just went sideways---on 2 million shares(!) closing just $.03 below the high for the day
It would be a v-e-r-y bullish indication were NUAN to hold this current trading pattern for another two weeks or so; a weekly trading range, i.e. Friday to Friday [basing pattern] of 1% or 2% usually [not always!] portends a second leg up soon thereafter...
billy and pig,
NUAN's trading range so far this morning has been a high of $20.34 and a low of $19.88. I believe that the HFT's are having a feeding frenzy. It's a battle that's kinda interesting to watch, isn't it? NUAN goes up...then down...then up...then down...then up and [at this moment] is rising to the daily high.
The volume proves that, if NUAN were really being accumulated, on 200% ABOVE normal volume [for this time of day] at 2.1 million shares, NUAN would be up 5% or more.
In any event, I am still positive on NUAN and I do agree with each of you that there is something in the works...just don't know what.
Have a wonderful Thanksgiving day...and please(!) keep our brave young military men and women over in Afghanistan in your thoughts and prayers.
So alone and far from home during this Holiday season...
From Investor's Business Daily, November 9th...
"RingCentral, which Goldman Sachs (NYSE:GS) brought public in September 2013 at 13, also seems to have a lot going for it. The company provides cloud-based software for business communications.
It gapped out of a cup-with-handle base after reporting strong Q4 results; but after declines late last week, a nearly 12% gain from a 19.98 buy point is now 4%.
Similar to Paylocity, RingCentral last week reported a surprise profit of 1 cent a share vs. an expected loss of 4 cents. Sales rose 35% to $76.8 million.
Fund sponsorship has been increasing in recent quarters at RingCentral. At the end of the third quarter, 221 funds owned shares, up from 176 funds in the year-earlier quarter."
Sorry! No data for today's move...which, btw is on 68% LESS than normal daily volume. But, as you said, we'll take!
I believe that we'll certainly get a greater sense of NUAN'S strength when the NASDAQ experiences it's next "consolidation"...which I feel may come sooner than later.
Have a wonderful weekend all!
Nuance shares jumped to a two-year high after the speech-recognition technology company reported Q4 results that beat Wall Street's expectations late Monday.
Nuance was up 18% to above 20 in afternoon trading on the stock market today.
Burlington, Mass.-based Nuance earned 41 cents a share excluding items on sales of $513 million for the quarter ended Sept. 30. Analysts polled by Thomson Reuters expected Nuance to earn 35 cents a share minus items on sales of $507 million. On a year-over-year basis, earnings per share were up 24% while sales were down 1%.
Deutsche Bank analyst Nandan Amladi reiterated his buy rating on Nuance stock and raised his price target to 30 from 25.
"We believe investors will begin to re-rate NUAN's multiple in coming quarters as both value and growth investors revisit the story," Amladi said in a report Tuesday.
Nuance's fiscal 2016 earnings outlook was just above consensus estimates, while revenue guidance is in range, "leaving some headroom," Amladi said.
Nuance sells speech-recognition technology, including transcription software and interactive voice-response systems to businesses and enterprises. It also sells Dragon speech-recognition software for consumer PCs.
Needham analyst Scott Zeller said he believes Nuance shares are fairly valued and maintained his hold rating. In a report Tuesday, Zeller called Nuance's results for the September quarter "solid."
Nuance's business is showing signs of stabilization as it continues to shift from on-premises software to Internet cloud services. Now that Nuance is over the hump in the cloud transition, its gross profit margins have stabilized, Zeller said. Continued cost reductions through fiscal 2016 also should boost margins, he said.
For fiscal 2016, Nuance expects to earn $1.35 to $1.45 a share, vs. Wall Street's target of $1.37. Nuance is modeling for sales of $1.98 billion to $2.03 billion, vs. a consensus of $2.01 billion.
pig is a prophet [profit?] on this board. Given that "peso" has made several posts today while NUAN has been rising [he's still on my IGNORE list], it's easily assumed that peso's a bit more than disconsolate at today's rise in NUAN.
peso, give up the ghost; admit that you were wrong, dead wrong; let bygones be bygones. Be kind to yourself because no one here will, if you continue your "tilting at windmills", Don Quixote.
Checkmate. Chewing those "sour grapes" and "eating crow" peso?
You lost any shred of credibility that you may have had here a lonnng time ago. That limb you went out on you've apparently cut on the wrong side.
To continue bad mouthing NUAN and pig in particular, in the face of this magnificent turn-around today is really counter-productive and will only continue to show your lack of integrity and maturity.
Kudos to all of the longs whom have stayed the course...you're windfall is here. Put some rocks in your pockets though---this could only be the beginning...
Forgive all of the metaphors, I couldn't resist.
"If there's anything I can't resist its temptation..."
Where was Zacks back in late August or early September? That's when they should have been banging their big base drum...not when the run is over and the stock is declining.
Lacks a bit of credibility, don't you think?
No, I have found in my 25+ years of investing that many of the newsletters like Zack's and Vector Vest are almost all ways late to the party and almost all ways the last ones to leave.
Three of the last 4 days have been down; Thursday's decline was on 33% MORE than normal daily volume.
Be careful with your hard earned capital and watch MXL's volume...
I'd agree with sk on this one. if you are looking at a chart, you'll notice quite a bit of overhead supply from late April thru late June. These folks, institutional investors or otherwise, are just waiting to get out, having ridden TSEM from $16 to $12, to present day numbers.
I was looking at TSEM and I am going to keep my powder dry until my buy signals begin to reappear...a breakthrough [on strong volume---at least 40% above daily norms] to $16 and change would be one.
Glad to see some technicians on this board. Great posts everyone!
Tower Semiconductor TSEM
punched back above its 40-week moving average with a big-volume 6% gain on Wednesday. The gain put shares well up the right side of an eight-month-old, 42% deep consolidation.
Tower — also called TowerJazz due to its Jazz Semiconductor subsidiary in the U.S. — manufactures chips for image sensors, AC adapters and smartphones.
Headquartered in Migdal Ha-Emek, Israel, the company reported Wednesday that its third-quarter earnings had sprung up 59%, vs. analyst expectations for 46%. Revenue rose 8%, slightly above the consensus estimate and up from a 1% increase in the prior quarter, below the company’s big double-digit gains in the five quarters through Q1.
Reuters quoted Chief Executive Russell Ellwanger saying, “We’ve turned the corner on GAAP net profit where it’s sustainable. That’s a big deal.” Ellwanger also said that the company had broken the $1 billion in annual revenue run rate, another target for this year.
Analysts’ consensus sees the company’s 2015 EPS down 5% to $2.09. For 2016, estimates project a 34% gain to $2.81.
The stock trades an average 445,000 shares a day.
Dear friend use...
The fund ownership info in my post comes from William J. O'Neil's database, the parent company of Investor's Daily. As a subscriber, you can access the data from the parent company's database. What's in my post is what it on the website.
"Once was around 90%, more recently 75%,"
Use...let's use your statement above as the example for NUAN...
Lets say last quarter was the more-recent 75% you've stated. If O'Neil's database is accurate [many institutional investors, pension funds, insurance companies, mutual funds, etc. rely on it every week], the increase [according to I.B.D's website.] would bring that 75% to 79%. That's my understanding of the benchmark.
It's not being right all the time that earns you the greatest return on your capital...because no one is 100% right on anything. It's making the most money on a stock WHEN you are right that does it.
I've had my share of clunkers too!
Understanding charts and subscribing to Investor's Daily has helped me a great deal in my 25+ years...
My greatest buy was APCC [American Power Conversions Corp] back in the mid-1990's...held it until it was bought out in 2007. Incredible stock..
Have you noticed that moves like this and stocks like MXL seldom are attractive enough for Jon Nejarian and the rest to even mention? They seem to become fixated on stocks like CHK, DDD, GRPN, etc today.
"Didn't you just say last week at 14.50 that Gtn was rolling over?"
NO! I didn't. If you had taken the time to really read my post, the first sentence reads:
"It's a bit early to say for certain..." You can read, can't you? Try reading it once again, will ya?
Secondly, as "gtnrules" has just posted, you've been all over the map with your "predictions" on GTN.
boston...you should try a bit harder to get along and be a nice person; you could really be an asset to this message board...instead of just an #$%$.
"... this is getting over bought."
GTN is up 43% since the September 11th breakout...if you've been in GTN since then, you are exiting on a good strategy.
GTN will consolidate soon enough, finding support in the mid-$15 range, perhaps. When volume increases to the upside after at least 6 weeks of basing, consider buying some there...as long as all things remain positive.