A short entry on GBP/AUDShort set up/entry reasoned from:
- high test bar close
- resistance at ~2.1470
- trend line resistance (4th test)
- rejection around 50 ema
- 50% retracement and close below
- oscillator bearish hidden divergence
entry - below low of high test bar
stop loss - above high of high test bar
target - at previous low or lower (after break of and close below previous low)
50
HAR pushes for cup breakoutIn Bolting RS lines screen.
Closing in top of range for last several weeks, near buy point of 145.10.
MF breaking positive, MACD turning positive.
Shallow enough base 11%.
Margins and Sales growth are a bit lacking.
Earnings estimates have been revised down, and are low at 14%.
Harman Intl Industries (HAR)NYSE
04/20/2015 (Market Close)
IBD Stock Checkup for HAR:
99
Copyright 2015 Investor's Business Daily, Inc
About HAR: MANUFACTURES HIGH QUALITY, HIGH FIDELITY LOUDSPEAKERS, CD PLAYERS, AMPLIFIERS, SUBWOOFERS AND MIXING CONSOLES
General Market Fundamental Checklist Technical Checklist View Chart
Rate A Stock:
PERFORMANCE WITHIN GROUP (HAR)
HARMAN INTL INDUSTRIES RANK WITHIN THE CONSUMER PROD-ELECTRONIC GROUP (10 STOCKS)
Composite Rating 99 Rank within Group: 1st
100%
Best in Group
EPS Rating 97 Rank within Group: 2nd
90%
Relative Strength Rating 94 Rank within Group: 2nd
90%
SMR Rating A Rank within Group: 3rd
80%
Acc/Dist. Rating B Rank within Group: 3rd
80%
EPS - Group Leaders
GPRO
Gopro Inc Cl A
HAR
Harman Intl Industries (Added to My Stock Lists 04/20/15)
UEIC
Universal Electronics
SMDM
Singing Machine Co Inc
PLT
Plantronics Inc
Composite Rating 99
GENERAL MARKET AND INDUSTRY GROUP (HAR)
General Market
Uptrend under pressure
Industry Group
Industry Group Rank (1 to 197) 38
FUNDAMENTAL PERFORMANCE (HAR)
Current Earnings
EPS Due Date 04/30/2015
EPS Rating 97
EPS % Chg (Last Qtr) 64%
Last 3 Qtrs Avg EPS Growth 46%
# Qtrs of EPS Acceleration 2
EPS Est % Chg (Current Qtr) 14%
Estimate Revisions
Last Quarter % Earnings Surprise 39.8%
Annual Earnings
3 Yr EPS Growth Rate 28%
Consecutive Yrs of Annual EPS Growth 4
EPS Est % Chg for Current Year 33%
Sales, Margin, ROE
SMR Rating A
Sales % Chg (Last Qtr) 19%
3 Yr Sales Growth Rate 12%
Annual Pre-Tax Margin 7.6%
Annual ROE 17.9%
Debt/Equity Ratio 29%
TECHNICAL PERFORMANCE (HAR)
Price And Volume
Price $142.00
RS Rating 94
% Off 52 Week High -2%
Price vs. 50-Day Moving Average 5%
50-Day Average Volume 709,400
Supply And Demand
Market Capitalization $9.7 B
Accumulation/Distribution Rating B
Up/Down Volume 1.2
% Change In Funds Owning Stock 4%
Qtrs Of Increasing Fund Ownership 1
EUR/GBP 4 hour chart 3 drives pattern A successive cycle imitating the 3 drives pattern is in formation on the EUR/GBP 4 hour timeframe. Stochastic divergence, usually leading to a deeper pull back in a trend, has given the following confluence for the resumption of an in trend phase to the downside with price pulling back into:
resistance at 0.7290;
50 and 20 ema;
0.618 Fibonacci level (very close to 0.7290); and
trend line (third touch).
An entry can be taken below the previous 4 hour bar, or once the current bar has formed as a bearish reversal bar, ideally an undersized or inside bar, giving additional confirmation to a sell setup.
Bitcoin 50, 100-Day SMA, Keltner Channels Point to Lower PriceBitcoin is in process of moving lower. You can see this pretty clearly and simply by looking at the 50 Day SMA, 100 Day SMA and Keltner Channels.
Essentially this is an action-reaction process. Looking at the March-April time period the Bitcoin price fell below the Keltner Channels (most or all of one candle body) for 17 days.
During May and June the Bitcoin price rose above the Keltner Channels for 20 days.
Bitcoin price now has fallen below Keltner Channels. If similar to past two instances where price rose above or fell below Keltner Channels, then Bitcoin will stay below channels for 17-20 days.
Price fell below on 7-27-14 so price could stay below Keltner Channels until 8-15-14 or so.
At this point, would not worry too much about up and down price swings. In other words, don't get sucked into buying just because of a $50-60 price swing. Wait for move lower to play out.
A correction is due whether it's a Secular Bear or notThe chart shows the Dow Index and its 50-day Moving Average since 1915. I have encased the Secular Bears that occurred in the period in amber boxes and used purple boxes to highlight corrections that have happened when the share price moved sharply above the Moving Average. Perhaps the recent Secular Bear ended in 2008 and we are now in a Secular Bull Market. Even so, history shows that, when the share price moves sharply out of line with the 50-day Moving Average, a significant correction is due. This correction will, no doubt, happen before the end of 2014.
Analysts disagree as to whether we are still in the Secular Bear (i.e., a long-term bear market) that commenced in 1999/ 2000, or whether we have emerged from the Bear Market into a Secular Bull. My argument is that, whichever view applies, since share prices have risen sharply above the 50-day Moving Average, a severe correction is due before the end of 2014.
The Stock Traders' Almanac predicts that the Dow Jones will fall to $12,000 (from its present c. $16,500) this year. It will then recover to $18,000 by the end of 2015, but fall back to $10,000 by the end of 2018, before the next Secular Bull will start, which will see the markets rising continuously for 15 years.