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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
HLong
by reversalradar
MFRM Cup formationThis stock has done well, it may not be exciting but shows strong base in it's cup formation. Not a lot of options so consider stock purchase. Stop is about 8% down from buy today. I measured bottom of cup and projected it out for the target. For a time frame you can take the same amount of time it took to build the cup, however again these are just ideas ...with stock you have longer time than options but remember if you sit around and wait and nothing is happening you lose time value of money...figure out a time frame that makes sense and then see if stock is moving in your favor.
MLong
by Vince
Reverse cup and handleI have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also. I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up meets a number of things I look for in the pattern. -I like to see a strong pull back and large choppy moves in the base of the cup. normally I will see a double bottom/top or head and shoulder but in this case a triple top. - The top of the handle to be noticeably below the high or low of the start of the cup depending on traded direction. -The handle to form and stay in this case below the 200ma (long set up would obviously be above 200ma) -The most important is for price action to tighten up and slop away. Ill update if it breaks out of the handle.
Short
by tst
7
HIMX - Update: Cup-n-Handle, Double Bottom, Fibs and moreJust 3 days ago published a chart on HIMX. From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent tops, and drawing a parallel to the previous bottom one can then see why the stock dropped and stopped 2 days ago. Still a possible double bottom or cup and handle, but with other technicals i would warn - RSI has a divergence, MACD and Momentum is already on tops - though, we have room to grow, but not for long. Only exceptional news can drive it to 0.618 (~12) and that would be that Google added a stake in the company. I would assume a jump out of the trend, then a retraction if so, but this is speculative. I left some investments in HIMX, and took some out today as well. maybe a gap filler tomorrow - markets seem to be going lower (check today's Spy predictions, many see some road down ahead), just enough to go off the fib line to the support of the trend, and then rush up with technicals cooled. Personally, i am long on this one - it has too much attention to it already with google glass, so if not google, someone definitely will join in sooner or later. Plus the recent sell-off was extreme and mostly based on rumors and hunch that google wil switch to other supplier - none of the rumors have been confirmed - last year these rumors gave a great entry point.
NASDAQ:HIMXLong
by A-shot
2
Inverted Cup and Handle Top or Descending Broadening Wedge?As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly to a region that is increasingly feeling the pull of Beijing's mighty economy. But huge sticking points remain, with the US and Japan -- the world's first and third largest economies -- fighting to protect important domestic industries. Washington and many of the other parties to the talks -- which also involve Chile, Mexico, Canada and several Asian countries -- say Japan's unwillingness to open its lucrative agricultural market is a deal-breaker. Below is a news brief on the situation. "US Trade Representative Michael Forman and his Japanese counterpart Akira Amari said 18 hours of discussions had done little to reduce the "distance" between them, especially on farm and auto products. We agreed today that our negotiators will continue until the end of the week (with) the discussion on agriculture and autos" Gridlock between Japan and United States has shaped the charts in a unique way. Chart Pattern Near Term Descending (Falling) Broadening Wedge For the past few weeks, as many of you know from Trading View’s message board, I have posted the descending (aka falling) broadening wedge pattern. The pattern has worked perfectly and looks to be ending soon. As you can see on our chart, the falling wedge has kept closer to inside descending support line in recent weeks. This could mean that we will react in opposite manner, and the falling pattern would elongate to our upper resistance (thick black descending line) shaping a handle, or the pattern is breaking down and will speed up to the downside. I posted likely key support area's using a Fibonacci extension from important tops and bottoms from the descending wedge pattern. Big Picture Cup and Handle Top Pattern (6 month Cup) Neckline 84.00 (horizontal) to 83.00 (following descending support; 0 to -2.5 degrees) Possible Secondary Deeper Neckline at 83.00 to 82.00 (following descending support; -2.5 to -6 degrees) Measured Target(s) 79.13 , 77.33 and 76.06 If we look at our related event between Japan and U.S. that is triggering the pattern we have shaped, and with an optimistic outcome next week, we should see our bottom somewhere near those necklines I posted above. I would also expect a possible breakout above the handle(s) I charted, rendering the cup and handle a busted pattern and the broadening wedge as a breakout. However, without a deal between the U.S. and Japan next week. I would think the market could quickly turn negative and we could fulfill the measured targets I mentioned above, measured target(s) 79.13 , 77.33 and 76.06
NASDAQ:QQQLong
by QuantitativeExhaustion
10