Contextulizing the Process.

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The take away from yesterday’s scan of equities using the heuristics:

1. Identify whether the security is over its long-term moving average (240-250).
2. Identify the Relative Strength Factor, it being an ETF or use the SCTR trend line.
3. Using the Slow Stochastics (5,1), contextualize the “money wave” parameters at 80< & 20> , as signals.
4. Use the ATR to step up stop losses and measure the move being priced in by the options market.
5. Use high volume securities only.
6. Gatekeeping through a review of a bottom-up narrative within the larger top-down view of the economy as a whole. Are correlation risks present in the underlying?


I would like to use a Percentage Price Oscillator (PPO) to compensate for some of the head fakes, and whipsaw actions produced by the Slow Stochastic. Moreover, the companies being looked at with a more present eye are those where the fundamental picture aligns with technical opportunities presented on the charts.

I will be adding to this throughout the day as I go through them alphabetically and systematically.


$ABBV : AbbieVie, Inc.

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$ACTA : ACTUA Corp 
  • Operating Margin %: Declined Actua Corp operating margin has been in 5-year decline. The average rate of decline per year is -20.5%.
  • Piotroski F-Score: High Piotroski F-Score of 7 is 7, indicating very healthy situation.
  • PE Ratio: Close to 10-year low Actua Corp stock PE Ratio (=0.44) is close to 10-year low of 0.44

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$ADBE : Adobe Sytems, Inc. 
  • Piotroski F-Score: High Piotroski F-Score of 8 is 8, indicating very healthy situation.
  • Revenue per Share: Consistent growth Adobe Systems Inc has shown predictable revenue and earnings growth.
  • Operating Margin %: Expansion Adobe Systems Inc operating margin is expanding. Margin expansion is usually a good sign.
  • Price: Close to 10-year high Adobe Systems Inc stock Price is close to 10-year high
  • PS Ratio: Close to 10-year high Adobe Systems Inc stock PS Ratio (=14.32) is close to 10-year high of 14.38

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$AKAM : Akami Technologies, Inc. 
  • Operating Margin %: Declined Akamai Technologies Inc operating margin has been in 5-year decline. The average rate of decline per year is -10.8%.
  • Revenue per Share: Consistent growth Akamai Technologies Inc has shown predictable revenue and earnings growth.
  • Price: Close to 2-year high Akamai Technologies Inc stock Price is close to 2-year high
  • PS Ratio: Close to 1-year high Akamai Technologies Inc stock PS Ratio (=4.71) is close to 1-year high of 4.79

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$ALGN : Align Technology, Inc.
  • Piotroski F-Score: High Piotroski F-Score of 7 is 7, indicating very healthy situation.
  • Interest Coverage: Comfortable Align Technology Inc has no debt.
  • Operating Margin %: Expansion Align Technology Inc operating margin is expanding. Margin expansion is usually a good sign.
  • Price: Close to 10-year high Align Technology Inc stock Price is close to 10-year high.
  • PB Ratio: Close to 10-year high Align Technology Inc stock PB Ratio (=18.39) is close to 10-year high of 19.26.
  • PS Ratio: Close to 10-year high Align Technology Inc stock PS Ratio (=16.01) is close to 10-year high of 17.22

    ALGN

*Case in point where great chart doesn’t equate to good underlying business.

$AMAG : AMAG Pharmaceuticals,Inc.
  • Gross Margin %: Declined AMAG Pharmaceuticals Inc gross margin has been in long term decline. The average rate of decline per year is -1.4%.
  • Short Percentage Of Float: high AMAG Pharmaceuticals Inc short interest is high. 32.70 of the float is shorted.
  • Asset Growth: faster than revenue growth If a company builds asset at 159.6% a year, faster than its revenue growth rate of 40.7% over the past 5 years, it means that the company may be getting less efficent.

AMAG

 

Source: 

GuruFocus

StockCharts.com

-R.W.N II

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