UPDATE: ARRIS International (ARRS – Nasdaq)

Shares remain near the 50-day moving average as volume is about the normal rate.

Any further declines below the recent lows near $28.86 would be the final SELL signal as there is no solid support until the 200-day moving average, which is -12% below here.

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: PennTex Midstream Partners, LP (PTXP – Nasdaq)

Shares remain above the 50 DMA ($15.65) and the 200 DMA ($15.47) yet, it seems like there is some resistance at $16.

A break above there would be technically significant.


Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Cantel Medical Corp. (CMD – NYSE)

After making gains yesterday 0f +1.5% with below average volume, shares are holding up today.

Remains above support of the 200-day moving average ($73.55).

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Monolithic Power Systems, Inc. (MPWR – Nasdaq)

After making gains of +2.5% to new all-time highs on Tuesday, shares are selling off today -2% on about average volume.

Ranks are nearly about as high as they can be.

Support, if needed is at the 50-day moving average ($83.47).

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: NetEase, Inc. (NTES – Nasdaq)

Light volume trading today after some nice above average volume gains Tuesday.

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: ABM Industries Incorporated (ABM – NYSE)

Shares are approaching resistance of the 50-day moving average.

A break above there would be technically significant.

Our support is the 200-day moving average, currently at $37.90.

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Raytheon Company (RTN – NYSE)

Shares are selling off today -3% with a sharp increase in volume as the company announce earnings before the open with results that surpassed Wall Street expectations.

Support is at the previous highs/lows (top thick line on the chart).

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Rudolph Technologies Inc. (RTEC – NYSE)

Very quiet trading again today as shares are holding above the previous lows. (green line on the chart)

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Watts Water Technologies, Inc. (WTS – NYSE)

After two days of above average volume gains, shares are very quiet today.

Our support remains at the 200-day moving average (red line at $62.14).

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: Lannett Company, Inc. (LCII – NYSE)
(Was Drew Industries Incorporated DW – NYSE)

Making some new highs today, yet the volume is very quiet.

Holding up with no real concerns.

Ranks are solid.

Chart courtesy of stockcharts.com – Click chart to enlarge.

UPDATE: MaxLinear, Inc. (MXL – NYSE)

Volume remains below average as shares are at new all-time highs.

Chart courtesy of stockcharts.com – Click chart to enlarge.

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About the Founder:

James F. Taulman – For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services based on the CAN SLIM® investment system.

He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy.

Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace.

Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.

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Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.
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