Your pop up blocker may be preventing the MarketSmith tool from opening.
Learn how to resolve this issue.
Looks like NSM has a 5 weeks base with buy point 41-10, but the base is more then 15% deep, so it can not be flat base. But for cup without handle it is too short(must be 6 weeks min) So is it faulty one? I like this stock, but not sure if it is right to buy it now.
It's not a qualifying base of any kind that I can see. I'd treat as extended from the last buy point of $37.20. As a side note, the prior base was a little sloppy. 37% deep and not real clean. Fundamentals are sweet, I can see the temptation. CRYSTAL won't let me buy this one, she says it's too risky and I should have bought the first base! ( I remember watching is blow out of that base!)
~THE CRYSTAL BALL
Thank you for reply, I am glad i did not buy the stock from this faulty base. I agree with you about prior base- too deep and sloppy. And happy that I am not alone with my opinion...
This held up very good last week. Charts, fundamentals, everything. Worth still keeping an eye on this to see if the chart forms a decent base and nice entry point.
I agree with you. Just do not like how OCN and WAC behave(they are in the same group).I made a mistake to buy DHI knowing that his group shows some weakness, thought it could fight...
Thoughts on this now?
I could buy this stock from 50 m/a, but market was in correction.... Today will be earnings...Buy the way , building stocks look like make new bases- MHO, MDV RYL, MTH. DHI is still in buy range.
I took a bite at this today: It's down? What more coudl people want? I bought the dip here. Looks like 10-day support too. Well see.
"Shares dropped 3 percent in morning trading.
Nationstar's net income in the three months ended Dec. 31 rose to $63.8 million, or 71 cents per share, from $14.9 million, or 21 cents per share, a year earlier.
Revenue grew 284 percent, to $332.6 million from $118.6 million"
© 2016 MarketSmith, Incorporated. All Rights Reserved. MarketSmith® is a registered trademark of MarketSmith, Incorporated. All data provided by William O'Neil + Co. Incorporated unless otherwise noted.