MORNING CALL 3/23

MORNING CALL

Wednesday, March 23rd, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.01%) are down -0.02% and European stocks are up +0.40%. The upside in U.S. stock index futures was limited as Nike fell nearly 6% in pre-market trading after it forecast sales during the next fiscal year will increase by a high-single-digit percentage, less than consensus of a 10% increase. Weakness in EUR/USD gave European automakers a boost to lead European stocks higher and Credit Suisse Group AG is up 2% after it announced an additional 2,000 job cuts. Asian stocks settled mixed: Japan -0.28%, Hong Kong -0.25%, China +0.35%, Taiwan -0.22%, Australia -0.47%, Singapore +0.05%, South Korea -0.07%, India +0.03%.

The dollar index (DXY00 +0.22%) is up +0.17%. EUR/USD (^EURUSD) is down -0.19%. USD/JPY (^USDJPY) is up +0.25%.

Jun T-note prices (ZNM16 -0.01%) are down -1 tick.

In an Economic Bulletin published by the ECB, the ECB said that a 1% decline in China GDP would have an impact of just 0.08% on Eurozone trade, while the effect of an equivalent demand shock in the U.S. would be more than three time bigger. "The trade impact on the Eurozone from a demand disturbance in the U.S. is likely to be substantial through both bilateral trade effects and echo effects. A similar shock in China would have less impact on Eurozone activity."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -3.3% with purchase sub-index +0.3% and refi sub-index -5.6%), (2) St. Louis Fed President James Bullard's speech on Bloomberg TV and radio, (3) Feb new home sales (expected +3.2% to 510,000, Jan -9.2% to 494,000), and (4) the Treasury's auction of $13 billion of 2-year floating-rate T-notes.

There are 2 of the Russell 1000 companies that report earnings today: General Mills (consensus $0.62), PVH Corp (1.46).

U.S. IPO's scheduled to price today: none.

Equity conferences during the remainder of this week include: Bank of America Merrill Lynch New York Auto Summit on Wed, BB&T Capital Markets Commercial & Industrial Investors Conference on Wed-Thu.

OVERNIGHT U.S. STOCK MOVERS

Nike (NKE +0.28%) dropped nearly 6% in pre-market trading after it reported Q3 revenue of $8.03 billion, well below consensus of $8.20 billion.

Red Hat (RHT +1.08%) slipped 2% in after-hours trading after it said Q4 billings growth was only 10.9% q/q, below the 14.9% q/q growth rate from Q3.

Charles Schwab (SCHW +0.46%) was rated a new 'Buy' at Argus Research.

Merk (MRK +0.44%) rose nearly 3% in after-hours trading after it won a jury verdict that allows it to seek royalties from Gilead Sciences for its Hepatitis C cure. Gilead Sciences (GILD +1.13%) fell almost over 3% on the news.

Steelcase (SCS +1.42%) rallied 5% in after-hours trading after it boosted its dividend to 12 cents a share from 11.25 cents a share.

Five Below (FIVE -1.59%) dropped nearly 5% in after-hours trading after it said it sees fiscal year EPS of $1.27-$1.31, below the midpoint of consensus of $1.31.

Biogen (BIIB +1.32%) slid over 2% in after-hours trading after the U.S. Patent Trial and Appeal Board said Kyle Bass has shown a reasonable likelihood of success to challenge the Biogen patent on Tecfidera.

Cintas (CTAS +0.19%) gained over 1% in after-hours trading after it raised guidance on fiscal 2016 EPS continuing operations to $3.98-$4.03 from a prior estimate of $3.83-$3.90, above consensus of $3.92.

Shell Midstream Partners LP (SHLX +2.10%) fell over 4% in after-hours trading after it said it started a 8.5 million-unit secondary offering.

Aratana Therapeutics ({=PETX gained almost 1% in after-hours trading after it said it is seeking FDA approval for its Entyce appetite-stimulation drug for dogs.

Affymetrix (AFFX -0.21%) climbed over 5% in after-hours trading after Origin Technologies increased its all-cash offer to buy Affymetrix for $17 a share.

Krispy Kreme Doughnuts (KKD -0.90%) slumped 7% in after-hours trading after it said it sees fiscal year adjusted EPS of 87 cents-91 cents, below consensus of 93 cents.

Pieris Pharmaceuticals (PIRS +3.30%) jumped over 10% in after-hours trading after it reported a Q4 loss of -7 cents, a smaller loss than consensus of-12 cents.

MARKET COMMENTS

Jun E-mini S&Ps (ESM16 +0.01%) this morning are down -0.50 (-0.02%). Tuesday's closes: S&P 500 -0.09%, Dow Jones -0.23%, Nasdaq +0.24%. The S&P 500 on Tuesday shook off early losses and rallied to a 2-1/2 month high and closed little changed. Stocks were boosted by upbeat comments from Chicago Fed President Evans who said he expects U.S. 2016 GDP between 2.0% and 2.5% and that "the fundamentals are really quite good for the economy going forward." Stocks also received a boost from technology stocks, which were led by a +0.8% increase in Apple. Stocks saw early weakness in leisure and travel-related stocks due to the terrorist bombings in Belgium.

Jun 10-year T-notes (ZNM16 -0.01%) this morning are down -1 tick. Tuesday's closes: TYM6 -7.00, FVM6 -5.25. Jun T-notes on Tuesday erased early gains and closed lower on reduced safe-haven demand for government debt after stocks recovered from early losses and on Chicago Fed President Evans' comment that U.S. economic fundamental are "really quite good," which may lead to further Fed interest rate increases. T-notes opened higher on safe-haven demand after the terrorist bombings in Belgium.

The dollar index (DXY00 +0.22%) this morning is up +0.166 (+0.17%). EUR/USD (^EURUSD) is down -0.0021 (-0.19%). USD/JPY (^USDJPY) is up +0.28 (+0.25%). Tuesday's closes: Dollar Index +0.360 (+0.38%), EUR/USD -0.0024 (-0.21%), USD/JPY +0.42 (+0.38%). The dollar index on Tuesday closed higher on increased safe-haven demand for the dollar after the terrorist bombings in Brussels. In addition, GBP/USD saw weakness after a smaller-than-expected increase in UK Feb CPI reduced the chance of a BOE rate increase, which was negative for the British pound.

May WTI crude (CLK16 -0.99%) this morning is down -41 cents (-0.99%) and May gasoline (RBK16 +0.17%) is up +0.0040 (+0.26%). Tuesday's closes: CLK6 -0.07 (-0.17%), RBK6 +0.0348 (+2.33%). May crude and gasoline on Tuesday settled mixed with May gasoline at a 2-1/2 month high. Crude oil prices were undercut by a stronger dollar and by expectations for EIA crude inventories to increase by +2.5 million bbl on Wednesday. Gasoline rallied on expectations that Wednesday's EIA gasoline supplies will decline by -2.5 million bbl.

GLOBAL EVENT CALENDAR03/23/2016

US	0700 ET	Weekly MBA mortgage applications, previous -3.3% with purchase sub-index +0.3% and refi sub-index -5.6%.
	0900 ET	St. Louis Fed President James Bullard speaks on Bloomberg TV and radio.
	1000 ET	Feb new home sales expected +3.2% to 510,000, Jan -9.2% to 494,000.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $13 billion 2-year floating-rate T-notes.
EUR	1100 ET	Eurozone Mar consumer confidence expected +0.5 to -8.3, Feb -8.8.
JPN	2300 ET	Japan Mar Nikkei manufacturing PMI, Feb 50.1.

U.S. STOCK CALENDAR03/23/2016

Company	Ticker	Time	Event Description	Period	Estimate
General Mills Inc	GIS US	Bef-mkt	Q3 2016 Earnings Release	Q3 2016	0.621
Principal Financial Group Inc	PFG US	8:00	Roadshow - Frankfurt	Y 2016
CIT Group Inc	CIT US	8:00	Business Update Call
General Mills Inc	GIS US	8:30	Q3 2016 Earnings Call	Q3 2016
First Niagara Financial Group Inc	FNFG US	10:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2016
KeyCorp	KEY US	11:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2016
Starbucks Corp	SBUX US	13:00	Annual General Meeting	Y 2016
PVH Corp	PVH US	Aft-mkt	Q4 2016 Earnings Release	Q4 2016	1.464
Raymond James Financial Inc	RJF US		February 2016 Sales and Revenue Release - Operating Data	2016
Hewlett Packard Enterprise Co	HPE US		Annual General Meeting	Y 2016

MORNING CALL 1/11

MORNING CALL

Monday, January 11th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.33%) are up +0.50% and European stocks are up +0.74%. The Mar E-mini S&P had posted a 3-1/4 month low in overnight trade when China's Shanghai Composite slid over 5% to a 3-3/4 month low, but recovered their losses and moved higher as they attempt to stabilize ahead of Q4 company earnings season that begins this week. European stocks were led higher by a rally in automakers, with Volkswagen, BMW AG, and Daimler AG all up over 1.5%. Asian stocks settled lower: Japan closed for holiday, Hong Kong -2.76%, China -5.33%, Taiwan -1.34%, Australia -1.17%, Singapore -1.54%, South Korea -1.22%, India -0.44%. China's Shanghai Composite closed down % after China Dec producer prices fell for a record 46th consecutive month and declined at the fastest pace in 6-1/2 years, which pessimism over China's economy. The Shanghai Composite closed on its lows even as the yuan strengthened against the dollar, after Beijing News cited Premier Li Keqiang as saying policy makers won't seek strong stimulus or flood the economy with too much investment to boost demand.

The dollar index (DXY00 -0.08%) is down -0.03%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY) is up +0.38% as it recovered from a 4-1/2 month low after a rally in U.S. and European stocks curbed safe-haven demand for the yen.

Mar T-note prices (ZNH16 -0.12%) are down -4.5 ticks.

Eurozone Jan Sentix investor confidence fell -6.1 to 9.6, weaker than expectations of -4.3 to 11.4 and a 1-year low.

China Dec CPI rose +1.6% y/y, right on expectations. Dec PPI fell -5.9% y/y, weaker than expectations of -5.8% y/y and matched the fastest pace of decline in 6-1/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Atlanta Fed President Dennis Lockhart speaks on the U.S. economic outlook and monetary policy to the Rotary Club of Atlanta, (2) Dallas Fed President Rob Kaplan speaks on economic conditions and monetary policy at the North Texas Economic Forum.

There are 3 of the Russell 1000 companies that report earnings today: Alcoa (consensus $0.02), Global Payments (0.75), Lumentum Holdings (0.28).

U.S. IPO's scheduled to price today: none.

Equity conferences this week: North American International Auto Show (Detroit) - Press Days on Mon-Tue, J.P. Morgan Health Care Conference on Mon-Thu, Needham & Company Growth Conference on Tue, Deutsche Bank Global Auto Conference on Tue-Wed.

OVERNIGHT U.S. STOCK MOVERS

Wyndham Worldwide (WYN -0.30%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.

Ilumina (ILMN -1.52%) is up 6% in pre-market trading after it raised guidance on 2016 core adjusted EPS to $3.80-$3.90, higher than estimates of $3.76.

Whiting Petroleum (WLL +3.05%) was upgraded to 'Outperfom' from 'Market Perform' at Wells Fargo Securities.

Marathon Oil (MRO -3.00%) and Devon Energy (DVN +1.57%) were both upgraded to 'Overweight' from 'Equalweight' at Barclays.

Williams-Sonoma (WSM -3.22%) was downgraded to 'Neutral' from 'Outperform' at Wedbush.

M&T Bank (MTB -2.05%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

Statoil (STO -2.74%) was added to the 'Conviction Sell' list at Goldman Sachs.

L'oreal (LRLCY -0.45%) was added to the 'Conviction Buy' list at Goldman Sachs.

Keycorp (KEY -2.13%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.

Cheniere Energy (LNG +0.11%) climbed nearly 3% in after-hours trading after Baupost raised its stake in eh company to 15.01% from 9.60% in September.

HCA Holdings (HCA -0.03%) rose nearly 6% in after-hours trading after the company said its fiscal 2015 adjusted EBITDA will be about $7.9 billion, higher than consensus of $7.77 billion.

Affymetrix (AFFX -1.39%) surged over 40% in after-hours trading after Thermo Fisher Scientific TMO acquired the company for $1.3 billion or $14 a share.

Actuity Brands (AYI -3.73%) fell over 3% in after-hours trading, adding on to Friday's -3.7% decline, after the company reported Q1 revenue of $736.6 million, below estimates of $740.1 million.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +0.33%) this morning are up +9.50 points (+0.50%). Friday's closes: S&P 500 -1.08%, Dow Jones -1.02%, Nasdaq -0.81%. The S&P 500 on Friday erased an early rally and fell to a 3-1/4 month low on weakness in energy producers as crude oil prices declined and on concern that the recent weakness in Chinese stocks has yet to run its course. Stocks initially opened higher on carry-over support from a +1.97% rally in China's Shanghai Composite and the +292,000 increase in U.S. Dec non-farm payrolls, stronger than expectations of +200,000.

Mar 10-year T-notes (ZNH16 -0.12%) this morning are down -4.5 ticks. Friday's closes: TYH6 +9.50, FVH6 +6.50. Mar T-notes on Friday posted a 2-1/4 month high and closed higher on (1) a lack of wage pressures after U.S. Dec average hourly earnings were unch m/m and up +2.5% y/y (weaker than expectations of +0.2% m/m and +2.7% y/y) (2) weaker commodity prices that reduced inflation expectations as the 10-year T-note breakeven inflation rate fell to a 2-week low, and (3) increased safe-haven demand after the S&P 500 gave up an early rally and fell to a 3-1/4 month low.

The dollar index (DXY00 -0.08%) this morning isdown -0.030 (-0.03%) . EUR/USD (^EURUSD) is down -0.0022 (-0.20%). USD/JPY (^USDJPY) is up +0.45 (+0.38%). Friday's closes: Dollar Index +0.321 (+0.33%), EUR/USD -0.0010 (-0.09%), USD/JPY -0.41 (-0.35%). The dollar index on Friday settled higher on the stronger-than-expected U.S. Dec payroll report, which bolsters the case for the Fed to continue to raise interest rates. In addition, there was weakness in EUR/USD after German Nov industrial production unexpectedly fell -0.3% m/m, weaker than expectations of +0.5% m/m. The dollar was undercut by the slide in stocks, which boosted safe-haven demand for the yen as USD/JPY tumbled to a 4-1/2 month low.

Feb crude oil (CLG16 -1.54%) this morning is down -54 cents (-1.63%) and Feb gasoline (RBG16 +0.20%) is down -0.0056 (-0.50%). Friday's closes: CLG6 -0.39 (-1.17%), RBG6 -0.0241 (-2.10%). Feb crude oil and gasoline on Friday closed lower on a stronger dollar and on concern that the turmoil in China will exacerbate a global oil glut. Losses in crude oil were limited after U.S. Dec non-farm payrolls rose more than expected in a sign of U.S. economic strength.

GLOBAL EVENT CALENDAR01/11/2016

US	1100 ET	USDA weekly grain export inspections.
	1240 ET	Atlanta Fed President Dennis Lockhart speaks on the U.S. economic outlook and monetary policy to the Rotary Club of Atlanta.
	1750 ET	Dallas Fed President Rob Kaplan speaks on economic conditions and monetary policy at the North Texas Economic Forum.
EUR	0430 ET	Eurozone Jan Sentix investor confidence expected -4.4 to 11.3, Dec 15.7.
UK	1901 ET	UK Dec BRC sales like-for-like expected +0.5% y/y, Nov -0.4% y/y.
JPN	n/a	Japanese markets closed for Coming-of-Age Day.

U.S. STOCK CALENDAR01/11/2016

Company	Ticker	Time	Event Description	Period	Estimate
American Airlines Group Inc	AAL US	Bef-mkt	December 2015 Sales and Revenue Release - Traffic Results	2015
Sirona Dental Systems Inc	SIRO US	13:00	Extraordinary Shareholders Meeting
Alcoa Inc	AA US	16:03	Q4 2015 Earnings Release	Q4 2015	0.024
Alcoa Inc	AA US	17:00	Q4 2015 Earnings Call	Q4 2015
United Continental Holdings Inc	UAL US	17:00	December 2015 Sales and Revenue Release - Operational Performance	2015
DENTSPLY International Inc	XRAY US		Special Meeting - M&A Vote
Sirona Dental Systems Inc	SIRO US		Special Meeting - M&A Vote
Global Payments Inc	GPN US		Q2 2016 Earnings Release	Q2 2016	0.753
Lumentum Holdings Inc	LITE US		Q2 2016 Earnings Release	Q2 2016	0.283

The 5 Best Small Caps

I wanted to find the 5 best Small Caps so I used Barchart to sort the S&P 600 Small Cap Index stocks for the best technical buy signals, then used the Flipchart feature to find the charts I liked.

Today's list includes Strum Ruger & Co (RGR), OM Group (OMG), Marketaxcess Holdings (MKTX), US Ecology (ECOL) and Affymetrix (AFFX):

Strum Ruger & Co (RGR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 30.14% in the last month
• Relative Strength Index 82.24%
• Barchart computes a technical support level at 50.95
• Recently traded at 55.78 with a 50 day moving average of 41.15

OM Group (OMG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 5.90% in the last month
• Relative Strength Index 67.22%
• Barchart computes a technical support level at 29.64
• Recently traded at 31.09 with a 50 day moving average of 29.11

Marketaxcess Holdings (MKTX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 4.91% in the last month
• Relative Strength Index 68.28%
• Barchart computes a technical support level at 77.22
• Recently traded at 84.35 with a 50 day moving average if 75.87

US Ecology (ECOL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 15.31% in the last month
• Relative Strength Index 78.74%
• Barchart computes a technical support level at 49.06
• Recently traded at 51.47 with a 50 day moving average of 43.14

Affymetrix (AFFX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.58% in the last month
• Relative Strength Index 70.28%
• Barchart computes a technical support leve at 11.50
• Recently traded at 12.24 with a 50 day moving average of 11.01

The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks having the best technical indicators and charts.  The list today includes Analogic (ALOG), West Pharmaceutical Services (WST), Globe Specialty Metals (GSM), Affymetrix (AFFX) and Haynes International (HAYN):

Analogic (ALOG)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.82% in the last month
• Relative Strength Index 74.67%
• Barchart computes a technical support level at 93.63
• Recently traded at 93.65 with a 50 day moving average of 82.39

West Pharmaceutical Services (WST)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 14.59% in the last month
• Relative Strength Index 74.94%
• Barchart computes a technical support level at 45.29
• Recently traded at 46.11 with a 50 day moving average of 40.85

Globe Specialty Metals (GSM)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.31% in the last month
• Relative Strength Index 80.40%
• Barchart computes a technical support level at 17.53
• Recently traded at 17.77 with a 50 day moving average of 15.00

Affymetrix (AFFX)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 19.47% in the last month
• Relative Strength Index 74.79%
• Barchart computes a technical support level at 7.15
• Recently traded at 7.18 with a 50 day moving average of 6.16

Haynes Inrternational (HAYN)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 19.90% in the last month
• Relative Strength Index 82.01%
• Barchart computes a technical support level at 52.67
• Recently traded at 53.62 with a 50 day moving average of 47.03

Affymetrix (AFFX) - Barchart's Chart of the Day

Summary:

Affymetrix (AFFX) is the Chart of the Day.  The molecular biology technology company has had ups and downs but is still up over 63% year to date.

Article:

The Chart of the Day is Affymetrix (AFFX).  I found the stock by sorting the New High List for frequency and this stock was near the top.  The stock hit 18 new highs and gained 44.17% in the last month and continues to climb.

The company's scientists invented the world's first high-density microarray and began selling the first commercial microarray. Since then, their GeneChip technology has become the industry standard in molecular biology research. The firm's technology is used by the world's top pharmaceutical, diagnostic and biotechnology companies as well as leading academic, government and not-for-profit research institutes. Their patented photolithographic manufacturing process provides the most information capacity available today on an array, enabling researchers to use a whole-genome approach to analyzing the relationship between genetics and health.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 44.17% in the last month
• Relative Strength Index 80.51%
• Barchart computes a technical support level at 4.41
• Recently traded at 5.91 with a 50 day moving average of 3.90

Fundamental factors:

• Market Cap $368.75 million
• Revenue projected to grow 7.80% this year and 2.20% next year
• Earnings estimated to increase by 100.00% this year and continue to increase by 33.00% annually for the next 5 years
• Wall Street analysis issued 1 strong buy, 2 buy, 7 hold and 3 under perform recommendations for their clients
• Financial Strength C+

This stock has gone up and down over the year as analysts and investors changed their minds.  Watch the momentum closely and don't stay too long.

Affymetrix (AFFX) Barchart's Chart of the Day

Summary:
Affymetrix (AFFX) is today's Chart of the Day.  I found the stock at the top of the Barchart New High list when I sorted for frequency.  Since the Trend Spotter signaled a buy on 1/8 the stock is up 27.50%.

Article:

The Chart of the Day is Affymetrix (AFFX).  I found the stock by sorting the Barchart New High list of stocks trading over 100K shares a day and then sorted for frequency.  Next flip through the charts using the flipchart tab.  The stock hit 15 new highs and is up 22.73% in just the past month.  The Trend Spotter also triggered a buy signal on 1/8 and the stock is up 27.50% from that point.

The Company's technology is used by pharmaceutical, diagnostic and biotechnology companies as well as academic, government and not-for-profit research institutes.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 22.73% in the last month
• Relative Strength Index 78.62%
• Barchart computes a technical support level at 4.19
• Recently traded at 4.58 with a 50 day moving average of 3.84

Fundamental factors:

• Market Cap $324.47 million
• Revenue projected to increase by 12.40% this year and another 1.70% next year
• Earnings are estimated to increase by 170.00% this year, an additional 85.70% next year, and continue to increase annually at a rate of 33.00% for the next 5 years
• Analysts issued 1 strong buy, 7 hold and 2 sell recommendations
• Financial Strength C+

Exit strategy:  Consider selling if you lose 10% or the stock trades below its 50 day moving average.