Russell 2000 Weekly Volume Liquidity: October-21-2016

Posted on Posted in Equities
russell 2k-weekly-oct-21-2016
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Weekly volume on the small-cap Russell 2000 exchange traded fund (IWM) @ 96.3 million shares was well below  its 50-week moving average @ 150.6 million. It was up +0.53% for the week. On a positive note, the majority of its most liquid components are trading well above the key psychological support level of their 50-day moving average. However, among those that are not, heavy losses were suffered during the week.

  • One banking stock deeply oversold was First Pactrust Bancorp (BANC). It lost almost 20% on more than three times its normal weekly volume liquidity. However, it looks like buyers have stepped up to support its price and there appears to be strong support @ $11.
  • Computer Software data security developer, Imperva Inc (IMPV) plunged almost 24% on heavy volume and has no real support until $33-$30 levels.
  • Restaurants have been challenged lately by a shift in consumer spending habits and BJ’s Restaurants (BJRI) has not been spared exception. It reported earnings last week and missed on both revenues and earnings’ estimates. Shares were down less than 2% as the stock recovered the bulk of its losses before the weekend. With volume liquidity being almost twice its weekly average, the bounce back was a good sign of support and paves the way for short-term continuation rally. However, as the stock is well below its 50 and 200 day moving averages, it is undergoing its own primary bear market and could see more downside until it reaches a more solid level of support @ $25. There is definitely a trading opportunity here in this one for both tactical and strategic investors.

Signing off @ Hillbent…

 

Top 20 Weekly Volume Dollar Liquidity

RS Close 5D% Vol$ (x 1mm) Vol$% Russell 2000 Components % vs 50MA % vs 200MA
78 11.42 3.35% $1,638.6 148% Oasis Petroleum Inc (OAS) 11.20% 34.51%
76 6.52 -3.41% $1,398.8 5% Adv Micro Devices (AMD) -3.83% 47.18%
72 47.98 -8.22% $663.2 -32% Sarepta Therapeutics (SRPT) 15.53% 96.88%
88 44.99 5.39% $657.0 79% Take-Two Interacti (TTWO) 2.53% 16.92%
19 13.24 -19.76% $653.7 319% First Pactrust Bancorp (BANC) -31.96% -27.69%
13 37.30 -23.92% $637.0 151% Imperva Inc (IMPV) -21.41% -17.82%
32 43.55 -19.87% $635.3 90% Puma Biotechnology (PBYI) -25.22% 1.82%
60 10.38 -6.82% $601.6 59% Ariad Pharm Inc (ARIA) -11.28% 27.52%
91 41.03 -2.77% $594.9 78% Rsp Permian Inc (RSPP) 4.86% 28.46%
94 28.35 3.02% $469.1 100% Mentor Graphics (MENT) 14.08% 33.79%
93 77.39 9.74% $453.0 101% Proofpoint Inc (PFPT) 3.02% 25.57%
42 30.61 12.21% $445.5 10% Western Refining (WNR) 16.34% 19.52%
95 55.05 5.70% $416.3 46% Virgin America CS (VA) 0.47% 13.76%
29 14.93 9.78% $414.8 -36% Gopro Inc Cl A Cmn (GPRO) -0.93% 19.34%
93 116.00 0.83% $410.0 -28% Tesaro Inc (TSRO) 16.03% 82.05%
33 40.70 6.46% $402.7 145% Team Health Holdings (TMH) 15.79% 1.07%
17 47.01 -4.65% $384.7 36% Kite Pharma Inc Cmn (KITE) -16.44% -7.91%
72 17.66 2.73% $375.3 -12% American Eagle Outfitters (AEO) -2.70% 9.01%
9 20.84 2.91% $363.4 114% GNC Holdings Inc (GNC) 1.96% -18.31%
95 43.20 3.95% $360.5 11% Grubhub Inc (GRUB) 5.83% 44.97%

 

Top Volume Dollar Percent Change Increases

RS Close 5D% Vol$ (x 1mm) Vol$% Russell 2000 Components % vs 50MA % vs 200MA
98 10.45 30.62% $59.7 402% Everyday Health Inc (EVDY) 33.80% 59.06%
82 31.30 -1.82% $1.7 399% Griffin Industrial (GRIF) -0.60% 11.79%
96 14.00 15.51% $117.1 346% Del Taco Rest Cmn (TACO) 20.69% 36.99%
39 7.90 4.08% $5.7 337% Westfield Financial (WFD) 3.67% 0.89%
1 23.16 -32.77% $139.0 323% Opus Bank Cmn Stk (OPB) -31.05% -31.84%
19 13.24 -19.76% $653.7 319% First Pactrust Bancorp (BANC) -31.96% -27.69%
94 9.40 0.53% $356.9 245% Fmsa Holdings Inc (FMSA) 16.05% 78.71%
80 38.81 -6.53% $147.3 241% MGP Ingredients Inc (MGPI) -1.50% 23.25%
82 42.20 -2.27% $93.9 229% Cash America International (CSH) -1.72% 14.99%
86 8.21 2.11% $13.5 210% Park Sterling Corpor (PSTB) 0.12% 12.01%
14 8.52 16.08% $76.1 196% Omeros Corporation (OMER) -18.47% -27.05%
34 19.06 -8.67% $276.2 196% Select Comfort Cp (SCSS) -21.40% -12.65%
13 34.33 -1.61% $195.4 185% Bj’s Restaurants Inc (BJRI) -8.94% -18.09%
84 31.05 6.19% $126.9 185% Pegasystems Inc (PEGA) 11.61% 18.83%
92 8.12 7.12% $7.1 183% Veracyte Inc (VCYT) 21.92% 40.48%
100 8.14 11.66% $7.8 165% Orion Group Holdings Inc (ORN) 23.71% 54.75%
2 57.53 -15.87% $136.8 152% Rli Corp (RLI) -15.87% -12.59%
13 37.30 -23.92% $637.0 151% Imperva Inc (IMPV) -21.41% -17.82%
18 6.80 -18.56% $21.3 149% Jakks Pacific Inc (JAKK) -21.84% -14.03%
78 11.42 3.35% $1,638.6 148% Oasis Petroleum Inc (OAS) 11.20% 34.51%

 

Top Volume Dollar Percent Change Decliners

RS Close 5D% Vol$ (x 1mm) Vol$% Russell 2000 Components % vs 50MA % vs 200MA
98 7.70 -0.39% $5.0 -89% Silicon Graphic Intl (SGI) 0.00% 23.40%
4 1.52 -2.56% $58.1 -88% Novavax Inc (NVAX) -66.07% -72.41%
76 28.20 0.64% $0.4 -80% Enterprise Bancorp I (EBTC) 8.42% 17.45%
34 11.00 -3.51% $0.1 -79% Compx International Inc (CIX) -5.74% -1.79%
39 3.60 -7.46% $0.3 -78% NL Industries (NL) -10.00% 20.00%
76 25.56 -0.74% $8.9 -78% Cardinal Fin Cp (CFNL) -2.07% 14.11%
65 12.25 -6.13% $0.3 -77% B. Riley Financl Cmn (RILY) 4.34% 19.63%
100 30.22 0.10% $92.7 -77% Unknown (DRII) 2.03% 23.30%
86 27.59 -0.43% $0.2 -77% Middleburg Finl Corp (MBRG) -1.04% 9.18%
36 3.55 -7.07% $1.3 -76% Asterias Biotherapeutics Inc (AST) -2.20% -1.11%
71 16.65 -0.89% $2.4 -76% Workiva Llc (WK) -5.67% 17.09%
79 43.76 0.23% $36.8 -75% Chemical Financial (CHFC) -1.80% 13.49%
97 9.15 1.22% $0.6 -75% Medley Management Inc (MDLY) 12.00% 39.48%
28 8.76 2.34% $1.2 -74% Rightside Group Cmn (NAME) -5.81% -5.81%
25 3.98 -1.97% $6.0 -74% Performance Sports Group Ltd (PSG) 19.88% -3.40%
88 9.73 3.73% $0.5 -74% Trinity Pl Hldgs Inc (TPHS) 4.40% 28.70%
7 3.33 0.30% $6.7 -74% Anavex Lf SC Cmn (AVXL) 4.06% -23.97%
56 8.38 -5.20% $4.3 -74% Daktronics Inc (DAKT) -7.30% 7.30%
96 17.39 0.06% $8.4 -74% Apigee Corp Cm ST (APIC) 4.70% 51.48%
93 9.35 2.75% $0.4 -73% First Comty Fncl Cmn (FCFP) 1.52% 9.10%

 

 

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