Indication intelligence, analysis and sector perception

RegMed Investors’ (RMi) closing bell; a rally finish

April 26, 2018 7:09pm

And a sigh of relief …

Next issue – which pricing is sustainable?

The NASDAQ (+1.64%), IBB (+1.98%) popped while volume was still low

Pre-open indications: 1 HIT and 2 MISS

End of day briefing; the “numbers” speak; if you know what happened today, you’ll understand what you need to do tomorrow!

Henry’omics:

Today’s moves … I breathed a sigh of relief, after a good jump (14 advancers to 23) at the 10:30 a.m. mark as investors saw the upside lights through the forest primeval.

Some sector “names” stocks hogged the lights - BLUE, ONCE, RGNX, AXGN and VCEL

While losers hid in the shade – SGMO, QURE, CLBS, OSIR and MDXG

One issue – low volume with good moves as volatility could be suspect;
Second issue – few if any headline;
Third issue – risk is hyped as many upsides could be “harvested

The advance/decline line scenario of 40 covered companies:

The open was negative an A/DL to 14/24 and 2 flat;
10:30 am saw a positive upside with an A/DL of 23/12 and 5 flats;
The mid-day stayed positive with an A/DL of26/12 and 2 flats;
The close concluded positive with an A/DL of 21/18 and 1 flat;

From the pre-open’s newsletter, “… I repeat it’s time for the oversold to be recognized if you panic and sold; it’s time to consider getting back in. The sector can easily go up from here whether today, tomorrow or Monday – click some BUY orders.”

Pre-open indications: 1 hit and 2 miss

MiMedx Group (MDXG) closed down -$0.315 – miss;
Osiris (OSIR) closed down -$0.18 – hit;
Sangamo Therapeutics (SGMO) closed down -$1.10 – hit;

Review the 19 sessions of April’s close (of 40 covered companies) there have been eleven (11) negative, seven (7) positive and one (1) neutral closes:

Thursday closed POSITIVE with 18 decliners, 21 advancers and 1 flat;
Wednesday closed NEGATIVE with 22 decliners, 15 advancers and 3 flats;
Tuesday closed NEGATIVE with 25 decliners, 9 advancers and 6 flats;
Monday closed NEGATIVE with 28 decliners, 7 advancers and 5 flat;
Friday closed NEGATIVE with 22 decliners, 12 advancers and 6 flat;
Thursday closed NEGATIVE with 28 decliners, 9 advancers and 3 flats;
Wednesday closed NEGATIVE with 24 decliners, 14 advancers and 2 flat;
Tuesday closed POSITIVE with 24 decliners, 15 advancers and 1 flat;
Monday closed NEGATIVE with 21 decliners, 14 advancers and 5 flats;
Friday closed barely NEGATIVE with 18 decliners, 17 advancers and 5 flats;
Thursday closed POSITIVE with 8 decliners, 30 advancers and 2 flats;
Wednesday closed NEUTRAL with 19 decliners, 19 advancers and 2 flats;
Tuesday closed POSITIVE with 7 decliners, 32 advancers and 1 flats;
Monday closed POSITIVE with 12 decliners, 23 advancers and 5 flats;
Friday closed NEGATIVE with 32 decliners, 7 advancers and 1 flats;
Thursday closed NEGATIVE with 25 decliners, 11 advancers and 4 flats;
Wednesday closed POSITIVE with 11 decliners, 28 advancers and 1 flat;
Last Tuesday closed POSITIVE with 19 decliners, 19 advancers and 2 flats;
The previous Monday closed NEGATIVE with 9 decliners, 31 advancers and 0 flats

MY working five (5) trend lines:

… The greatest volume to the downside: SGMO, MDXG, VSTM, ONCE and ONVO

… Upside volume was weighted to: VCEL, XON, FATE, BLCM and IMUC

… Biggest $ downside: SGMO (-$1.05), QURE (-$0.56), MDXG (-$0.32), CLBS (-$0.20) and OSIR (-$0.18)

… Best moves to the $ upside: BLUE (+$7.85), ONCE (+$3.29), RGNX (+$1.20), AXGN (+$1.00) and VCEL (+0.90)

… Flats: BSTG

Daily analytics:

Stocks rose sharply on Thursday, helped by strong quarterly results from some of the biggest U.S. companies.

The Dow closed 238.51 points higher at 24,322.34.
The S&P 500 gained 1.1% to close at 2,666.94.
The NASDAQ rose 1.6% to 7,118.68.

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market,

Thursday traded at 16.26, down -8.86%
Wednesday traded at 17.84, down -1%
Tuesday traded at 18.02 , up +10.28%
Monday traded at 16.34, down -3.20%
Friday traded at 16.88, up +5.76%
Last Thursday traded at 15.96, up +2.31%

The iShares Russell 2000 (IWM) indicated:

Thursday was up +0. 46%
Wednesday 0.15%
Tuesday -0.56%
Monday -0.15%
Friday -0.54%
Last Thursday -0.69%

The iShares NASDAQ Biotechnology (IBB) indication:

Thursday was up +1.98%
Wednesday -0.01%
Tuesday -1.45%
Monday -0.16%
Friday -0.88%
Last Thursday -1.36%

The count - decliners versus gainers:

……. look at the differences in decliners:

Thursday’s decliners ranged from -0.75% <CAPR -$0.01> to -6.07% <SGMO -$1.05 > in 18 equities;
Wednesday’s decliners ranged from -0.25% <BLUE -$0.40 > to -6.49% <KOOL -$0.10 > in 22 equities;
Tuesday’s decliners ranged from -0.09% <FATE -$0.91 > to -7.37% <QURE -$2.29 > in 25 equities;
Monday’s decliners ranged from -0.18% <FATE -$0.02 > to -6.05% <RGNX -$2.40 > in 28 equities;
Friday’s decliners ranged from -0.27% <FATE -$0.03 > to -13.89% <VTGN -$0.15 > in 22 equities;
Last Thursday’s decliners ranged from -0.18% <FATE -$0.02 > to -12.81% <NWBO -$0.026> in 28 equities;

Versus

… Look at the percentage’s (%) and spreads …

Thursday’s gainers ranged from +0.30% <BCLI +$0.01> to +9.41% <VTGN +$0.08 > in 21 equities;
Wednesday’s gainers ranged from +0.65% <AXGN +$0.25 > to +12% <AST +$0.15 > in 15 equities;
Tuesday’s gainers ranged from +0.35% <CYTX +$0.001> to +2.33% <OSIR +$0.18 > in 9 equities;
Monday’s gainers ranged from +0.33% <XON +$0.06 > to +3.47% <ATHX +$0.07 > in 7 equities;
Friday’s gainers ranged from +0.28% <ONCE +$0.23> to +7.06% <NWBO +$0.0125> in 12 equities;
Last Thursday’s gainers ranged from +0.25% <VSTM +$0.01 > to +5.44% < OSIR +$0.40> in 9 equities;

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors. All investments are subject to risks. Investors should consider investment objectives.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.

35 companies, 1 interpreter!

Insight, foresight and recommendation

My motto … never leave an investor uninformed! I say today what others won’t, so you can do what others can’t.

My name is Henry McCusker; I endorse these opinions under my own name and with a subscription based membership.

Do you have an opinion you would like to share with us? We would like to hear from you.

Please e-mail us at hwm@regmedinvestors.com.

Editor and Publisher ... Henry McCusker enters his tenth (10th) year at RegMed Investors with past experience in sell-side analysis, buy-side management, corporate management and due diligence.

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The facts stated and the opinions given in this publication are based on data and information considered to be reliable and have been carefully worked into my qualitative analyses and prognoses. However, no guarantee can be given as to their fairness, accuracy or completeness.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.