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158 Cards in this Set

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Accumulation/Distribution (Acc/Dis) Rating
Tracks the relative degree of institutional buying (accumulation) and selling (distribution) in a particular stock over the last 13 weeks. Updated daily, stocks are rated on an A+ to E scale. One of our exclusive proprietary ratings.


A=Heavy buying
B=Moderate buying
C=Equal amount of buying and selling
D=Moderate selling
E=Heavy selling
Alpha
An expression of how much a stock would have appreciated or depreciated on average on a daily basis over the last year, assuming the S&P 500 remained unchanged during the period.

For example, an ALPHA of 0.1 means the stock's price would have appreciated at the rate of 0.1% per day over the last year, assuming an unchanged S&P 500 Index. At least 260 days of price history are needed to compute the Alpha data item. Updates of this value occur daily.
AMEX Composite Index
A market value-weighted index comprised of common stocks, American depository receipts and warrants traded on the American Stock Exchange. Price and Volume data for all exchanges appears with a 20-minute delay.)
Annual Earnings
A longer-term indicator of a company's growth. It commonly refers to a company's earnings per share for a particular year.
Asset Allocation
The practice of allocating a certain percentage of a portfolio to different types of investments (stocks, bonds, foreign stocks, cash reserves or equivalents, gold, mutual funds, futures, options, etc.)
Assets in Top 10 Holdings, % of
The aggregate assets, expressed as a percentage, of the fund's top 10 portfolio holdings. This figure is meant to be a measure of portfolio concentration and risk. Specifically, the higher the percentage, the more concentrated the fund is in a few companies or issues, and the more the fund is susceptible to the market fluctuations in these few holdings.
At-The-Money
An option with a strike price equal to the current price of the stock.
Average Daily Volume
Presented as a red line, it is an indication of the moving average of shares traded over the last 50 trading sessions. When viewing a daily chart, this line represents a 50-day moving average volume level, and is derived by summing the volume of the last fifty trading days and dividing it by fifty.

Weekly chart multiplies the ADV by 5
Backlog
A company's total orders or sales received but not yet delivered. An increase in backlog usually means business is picking up.
Base (and base patterns, base-building, price consolidation area, price pattern)
A term used by technical analysts to refer to an area of consolidation in a stock's chart pattern. It typically can be an indicator for future price advances. This price consolidation pattern generally lasts around seven weeks but can last as long as 12 months.
Beta
Measures a stock's price volatility relative to price performance of the S&P 500 Index, over a 12-month period.

Beta values range from 9.99 (positive) to -9.99 (negative). A stock with a high beta coefficient (in absolute terms), such as 2.50 or -2.50, is likely to have greater price percentage movement relative to the S&P 500 Index. Conversely, a stock with a low Beta coefficient (in absolute terms), such as 0.75 or -0.75, will have the tendency to rise or fall in price more slowly than the S&P 500 Index.

At least 260 days of price history are needed to compute the Beta data item. Updates of this value occur daily.
Book Value
The difference between a company's assets and its liabilities.
Book Value x (Value)
(See Stock Price Relative to Book Value)
Calculated by dividing the current price by the per share book value (total shareholders' equity for fiscal year-end divided by common shares outstanding).
Breakout
The action by a stock when it surpasses its resistance level: usually a price ceiling at which the stock has previously encountered selling. In many cases, but not always, that resistance level is the highest point in a "handle" portion of a base pattern. Successful breakouts usually occur when the stock's trading volume rises significantly.
Buy Point
(See Pivot Point)

Optimal buy point of a stock as it emerges from a sound and proper basing area or chart pattern (the most common of which include the 'cup with handle,' 'flat base' and 'double bottom') and breaks out into a new high in price. This is the point of least resistance and has shown, through William J. O'Neil's research, to have the greatest chance of moving substantially higher based on its current and historical price and volume activity.
Cash Flow Per Share From Operations
Derived by adding depreciation, depletion and amortization to the company's net income and dividing this figure by the shares outstanding. Brackets [ ] will surround the Cash Flow figure if the net income being used to derive the data is not from the most recently completed fiscal year and will indicate the year the figure corresponds to.
Change Date Calendar Event
Corporate events relating to a symbol are accessible both on the chart and in the Change Date Calendar. Expose the Calendar view by selecting the pulldown arrow in the Change Date field in the chart header. Hover the mouse over a calendar date displaying an event icon to reveal corporate event information for that date. The Change Date Calendar displays icons for the following corporate events:

Earnings Release
Dividend
Stock Split
New CEO
IPO Date
Multiple Events
Climax Top
When a stock suddenly advances at a much faster rate for one or two weeks after an advance of many months. Generally occurs in the final stages of a stock's price advance, indicating a leveling off or decrease in future price movements. Often accompanied by a gap up in price. Based on William J. O'Neil's research, many big market leaders top in this fashion.
Company Description
The name a company is registered under with the Securities & Exchange Commission. The displayed name may not match its registered name due to space limitations.
Composite Rating, SmartSelect®
The Composite Rating combines 5 SmartSelect Ratings into one easy-to-use rating. A 90 rating means that the stock has outperformed 90% of all other stocks in terms of its combined SmartSelect Ratings. EPS and RS Rating help determine this rating, as does the stock's percent off its 52-week high. Results are then compared to all other companies, and each company is assigned a rating from 1-99 with 99 being the best.
Corporate Event
Abbreviation of a corporate event will appear near the price line with an arrow indicating the date it occurred.

ASE = Date stock switched to listed exchange
CO = Cash offer
IPO = Initial public offering
NEW = New issue and price
PM = Proposed merger
PO = Primary offer
PPO = Proposed primary offering
PSO = Proposed secondary offering
PSOF = Partial spin-off
REORG = Reorganization
SDIS = Stock distribution
SO = Secondary offer
SOF = Spin-off
TO = Tender offer
$DIS = Cash distribution
Cup with Handle
Technical charting pattern coined by MarketSmith founder William J. O'Neil. It is one of three positive chart patterns to look for when doing technical analysis of a stock. It is named such because it resembles the outline of a coffee cup with a handle.
Current Price
The amount of money a security most recently traded for.
Date of Chart
Date on chart reflects the most recent market activity. It is displayed in the lower right corner of the chart
Debt
Expressed in percentage, this figure is based on fiscal year-end values of total debt (including lease obligations, convertible debt and mortgages) to shareholder's equity.
Denotation Marks
Marks, symbols, and characters presented on the graphs indicate additional meaning or significance.


* - A blue asterisk next to Fiscal Quarter date indicates quarterly earnings were reported within the last 15 calendar days.
* - A red asterisk next to EPS Due indicates earnings expect to be reported within the next 4 weeks. Date shown reflects reported date of same quarter in previous year.
* - A red asterisk to the left of the Daily chart volume scale indicates at least one of the following statements are true:

Volume was at its highest level in the last 52-weeks; or
Volume was at least 100% greater than its 50-day average volume.

%XA9 - A copyright symbol indicates the company has convertible issues (bonds, preferreds or options).
# - A pound sign in the Quarterly Sales/EPS Data Box, next to the EPS % change item, denotes figure is based on an absolute difference (the comparison quarter figure is negative).
A blue triangle to the right of the EPS figure in the Six-Year Annual Earnings Data Box, denotes pre-tax, non-recurring item(s) could not be excluded from the final EPS figure.
A blue triangle to the right of the EPS figure in the Quarterly Sales/EPS Data Box, denotes pre-tax, non-recurring item(s) could not be excluded from the EPS figure.
A colored triangle to the right of the Annual Earnings Estimates (Weekly chart) indicates annual earnings estimates were revised from our previously published consensus earnings estimate. This colored triangle updates overnight after Friday's close.
An upward pointing green triangle indicates an increase in the EPS estimate.
A downward pointing red triangle indicates a decrease in the EPS estimate.

(w) - Indicates the company has warrants outstanding.
Distribution
Selling of stock by large institutions. (Also, see Institutional Investors)
Diversification
Spreading investment capital over many investments in an attempt to reduce risk in a portfolio. (Also, see Asset Allocation)
Dividend Modification
The following abbreviations appear on the chart when a company announces a change (increase or decrease) or omission in a quarterly dividend pay-out.

Div Incr = Dividend increase
Div Decr = Dividend decrease
Div Initl = Dividend initialized
Div Rsum = Dividend resume
Div Omit = Omission of payment
Div Spec = Special dividend
Div Extra = Extra dividend
Dividend, Quarterly Distribution
The amount distributed for each share of company stock.
Double Bottom
A William J. O'Neil chart pattern resembling a 'W.' One of the three positive chart patterns to look for when doing technical analysis of a stock. This pattern looks like the letter W, but in almost all cases, the second leg down should undercut the low price of the first.
Dow Jones Industrials (DJI)
A price-weighted index of 30 U.S. stocks that represent the leading companies in their respective industries. Its components are determined by the editors of The Wall Street Journal, a publication of Dow Jones & Company.

The Dow Jones Industrials and the Dow Jones Industrial Average graphs represent the same index. While both graphs provide the identical closing price and volume information, the Dow Jones Industrials is presented with theoretical high and low prices.

Theoretical values are calculated with the assumption that all price gains/losses occur at the same time. The degree of difference between theoretical values and actual values is an indication of the level intraday market volatility; i.e. greater difference in numbers indicates greater volatility.
Dow Jones Industrials Actual (DJIA)
A price-weighted index of 30 stocks that represent the leading companies in their respective industries. Its components are determined by the editors of The Wall Street Journal, a publication of Dow Jones & Company.
Dow Jones Transportation Average
A price-weighted index of 20 railroad, airline and trucking stocks, as determined by the editors of The Wall Street Journal, a publication of Dow Jones & Company.
Dow Jones Utility Average
A price-weighted average of 15 geographically representative gas and electric utility companies, as determined by the editors of The Wall Street Journal, a publication of Dow Jones & Company.
Earnings Estimate Percentage Change - Next Year
Percentage increase/decrease in next year's earnings estimates compared to current year's earnings estimates. The percentage change may not match the William O'Neil + Co. Incorporated annual EPS data that appears directly above the estimates as the percentage change is also sourced from data provided by Thomson Financial.
Earnings Per Share (EPS) Rating
One of our exclusive proprietary ratings; stocks are rated on a 1 to 99 scale (with 99 being best) comparing a company's earnings per share growth with all other domestically traded companies in our database.

Stocks with EPS Ratings of 80 or above have outperformed 80% of all domestically traded companies in our database in earnings.

The EPS Rating calculation combines the company's most recent two quarters of earnings per share growth, with its three-year to five-year annual growth rate.
Earnings Per Share Estimate
When available, a composite of the "street" estimates for the fiscal year earnings is offered. Estimate data is provided by Thomson Financial.
Earnings Per Share Percentage Change
Percentage change in earnings per share compared to the same quarter of the previous year.

Figures in blue represent an increase in earnings from prior year quarter; figures in red indicate a decrease in earnings per share.

"#" (pound sign) signifies that the comparison quarter was negative and the calculation is based on a change in absolute numbers.
Earnings Per Share, Annual Results
When available, up to seven years of annual earnings per share results will be displayed. Results are adjusted for stock splits, restatement of earnings, and/or related items in order to provide truly comparable data. A blue triangle to the right of the figure denotes pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).
Earnings Per Share, Quarterly Comparison
These are quarterly earnings per share compared to earnings in the same quarter of the previous year. The amount is based on continuing operations.

A blue triangle to the right of the figure indicates pre-tax, non-recurring items were included (where possible, such items are normally removed to provide data better suited for comparison).

Note: certain utilities use running four-quarters value, and publicly traded investment companies report net asset value (NAV) instead of earnings. Real Estate Invest Trusts (REITs) report a similar item referred to as funds from operations. While it incorporates the same financial concept, it is not directly comparable to an EPS figure.
Earnings Report Due Date
Anticipated date a company will release its next earnings report. While most companies report earnings on the same date each year, latest information should be available from firm's web site in the form of a news release. Earnings release dates will be indicated by an icon on the Change Date Calendar, and also in the chart in the lower right, notated as "EPS Due." (A red asterisk (*) to the right of this date on the chart indicates earnings are expected to be reported within the next four weeks.)

EPS Due will not display a date under one of the following conditions:

Historical earnings/sales data is gathered from a prospectus (i.e. company recently started trading publicly); or
When a firm has not reported its earnings information more than 21 calendar days after the expected reporting date.
Earnings Stability
Using a scale ranging from 1 to 99, this measurement indicates the variation of earnings for a company over the past 3-to-5 years, from one standard deviation of variability around the trend line.
EPS Growth Rate, 3-5 Year
This item is calculated by using a least squares regression fit over a 3-to-5 year period of earnings per share based on a trailing four-quarter count. For example, if a stock is currently in its second quarter, the first period used in this calculation will consist of the sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the prior fiscal year). Each successive period will be based on the next trailing four quarters of earnings per share.

The amount of time used to calculate the Growth Rate is based on two factors:

Availability of data
Positive earnings
If a stock does not have at least three years of positive earnings (based on the trailing four-quarter method noted above), an "N/A" will appear.

The amount of time used for this calculation will consist of at least three years but no more than five years of positive earnings per share. If a four-quarter period sum is negative, that period and additional earnings further back in time, will not be used in the calculation of this data item.
eSignal Real-Time Add-on Enabled
A thin horizontal green bar appearing at the top of the primary chart confirms your active subscription to the eSignal Real-Time data feed. A green eSignal Data Monitor icon will also be visible in the system tray (where the clock is located).

Additional chart(s) opened using the Display menu's New Window option will not have this green bar; these charts will only display 20-minute delayed price and volume information.
Ex-Dividend Date
The date an ex-dividend is scheduled for a stock. If a future date is not scheduled, the reported data item will reflect its last reported ex-dividend date. If a stock has never paid a dividend, "N/A" will be displayed. Dividend release dates will be reflected as a Chart Calendar event.

NOTE: Ownership must be maintained until this date to receive the dividend payment. Short sellers must pay all dividends on the stock sold short.
ExDiv
See Ex-Dividend Date
Exhaustion Gap
A technical term describing that the stock's price opens up on a gap from the prior day's high close. This usually indicates the last stage of a stock's move.
Extended (in price)
A technical term used to describe the point at which a stock is up in price over its 'pivot' or buy point and is considered riskier to buy.
Fiscal Quarter End
The date in which a company's fiscal quarter ends. In the quarterly table along the bottom of the MarketSmith Chart, this is noted by month, day and year and is presented in blue. To determine the fiscal quarter number of a particular item, use the fiscal year end quarter and count backward (right to left).

* Indicates quarterly earnings were reported within the last 14 days.
Fiscal Year End
The end date of the 12-month period used by a company for accounting purposes. Does not necessarily correspond to the calendar year end. MarketSmith shows the month in which the fiscal year ends directly above the annual earnings. The month, date and year of the fiscal year end are presented in blue above the quarterly earnings.
Flat Base
One of three positive chart patterns to look for when doing technical analysis. It usually occurs after a stock has advanced off of a 'cup with handle' or 'double bottom' pattern. The 'flat base' moves straight sideways in a fairly tight price range for at least five weeks and does not correct more than 8% to 12%.
Fundamental Analysis
The numbers and statistics behind each stock. Fundamental analysis evaluates a company's earnings, sales, return on equity, profit margins, balance sheet, share of market, etc. as well as a company's products, management, and industry conditions. Fundamental analysis determines the quality and attractiveness of a stock.
Funds From Operations
The standard method for reporting earnings by Real Estate Investment Trust (REIT) companies. This measurement is not directly comparable with earning per share. (See Earning Per Share.)
Group Rank
(See Industry Group Rank)
A proprietary number obtained by calculating the least-squares curve fit of summed prices on certain stocks within that industry. Once that value is established, another calculation is then performed using all companies in the group. Separate weightings are used for different time periods. Groups are ranked from 1 (best) to 197.
Growth Fund
A mutual fund that specializes in owning growth stocks.
Growth Rate (Daily Graphs)
(See EPS Growth Rate, 3-5 Year.)

This item is calculated by using a least squares regression fit over a 3-to-5 year period of earnings per share based on a trailing four-quarter count. For example, if a stock is currently in its second quarter, the first period used in this calculation will consist of the sum of Q2 + Q1 (of the current fiscal year) plus Q4 +Q3 (of the prior fiscal year). Each successive period will be based on the next trailing four quarters of earnings per share.

The amount of time used to calculate the Growth Rate is based on two factors:

Availability of data
Positive earnings
If a stock does not have at least three years of positive earnings (based on the trailing four-quarter method noted above), an "N/A" will appear.

The amount of time used for this calculation will consist of at least three years but no more than five years of positive earnings per share. If a four-quarter period sum is negative, that period and additional earnings further back in time, will not be used in the calculation of this data item.
Headquarters
The location of a company's main offices presented on MarketSmith as "city, state" (when based in the U.S.) International listings also display relevant headquarter information
IBD 6000 Index
A market value-weighted index of domestic stocks traded on the American Stock Exchange, NASDAQ Stock Exchange, and New York Stock Exchange. Its components are determined by the editors of Investor's Business Daily.
IBD Mutual Fund Index
An index of 24 diversified mutual funds whose components are determined by the editors of Investor's Business Daily®. List components are found in Markets > Indices/ Indicators in List Names.
Index Percentage
The weight an individual stock holds in an index, expressed as a percentage.
Industry Group
A William O'Neil + Co. Incorporated proprietary classification of stocks into 197 groups, based on a company's major source of revenue, competitors, products, markets served, etc.
Industry Group Rank
A proprietary number obtained by calculating the least-squares curve fit of summed prices on certain stocks within that industry. Once that value is established, another calculation is then performed using all companies in the group. Separate weightings are used for different time periods. Groups are ranked from 1 (best) to 197.
Industry Group Relative Strength Letter Rating (Group RS)
A percentile-based version of Industry Group Rank, which is a proprietary number obtained by calculating the least-squares curve fit of summed prices on certain stocks within that industry. Once that value is established, another calculation is then performed using all companies in the group. Separate weightings are used for different time periods. Industry groups are ranked in value from 99 (highest) to 1 (lowest).
Insider Buying/Selling Symbol
A graph symbol used to indicate public trading (buying or selling) activity by officers of a company. Trades generated due to stock dividends, gifts, private sales, or the exercise of stock options is not included. This information is updated daily, based on information provided to the Securities and Exchange Commission.

Insider buying is noted by a round symbol with a plus sign ("+") above it. Insider selling is noted by a round symbol with a negative sign or dash ("-") above it. Insider buying/selling symbols may appear on Daily and Weekly graphs.

When insider trading is noted on a Daily chart, its buy/sell symbol(s) date will correspond to the week in which the event(s) occurred. Only one buy and/or sell mark will appear for each week. The buy/sell symbols will appear near the bottom of the graph, with any buy symbol located just above any sell symbol.

When insider trading is noted on a Weekly chart, the buy/sell symbol(s) date will correspond to the calendar quarter in which the event(s) took place. Only one buy and/or sell mark will appear for each quarter. The buy/sell symbols will appear near the bottom of the graph, with any buy symbol always positioned in the left side of the quarter and any sell symbol placed in the right side of the quarter.
Institutional Investors
Mutual funds, banks, pension funds, insurance companies, etc. engaged in investing. They are responsible for most of the trading that occurs in the market, and their impact on both an individual stock's price movement as well as the movement of the general market is tremendous
Institutional Sponsorship (or Sponsorship)
Refers to the shares of a company owned by an institution. The largest sources of demand for stocks are mutual funds and other institutional buyers; also see Institutional Investors.
Inventory Turnover
The number of times a company has sold and replaced its inventory in the recently completed fiscal year. It may be expressed as a ratio of annual sales to inventory (total revenue divided by average of beginning and ending inventory). For example, if a company had $50 million in annual sales but $100 million in inventory, then inventory turnover would be 0.50. Higher ratios may indicate inventory is processed faster for sale, whereas lower ratios may indicate a firm is carrying excess stocks of inventory. Comparisons should be limited to stocks of the same industry group.
IPO Date
The Initial Public Offering date is the day a stock first traded shares on the AMEX, NASDAQ or NYSE exchange. It is presented in the format of Month/Day/Year. This date is available for stocks whose initial public offering was held in 1971 or later. This data item is not presented for stocks that traded before 1971, stocks that are spin-offs from another publicly traded stock, stocks that switched to a major exchange from the Bulletin Board or Over-the-Counter exchanges, or for stocks that traded in foreign markets prior to their listing with the U.S. exchanges. IPO release dates are reflected as a Chart Calendar event.
Laggard
A company that is underperforming relative to the general market. If your stock's Relative Price Strength (RS) Rating is below 50, it's lagging the better-performing stocks in the overall market.
Leader
A company that is outperforming relative to the general market. To look for leading stocks, refer to the Relative Price Strength (RS) Rating and target companies showing an RS Rating of 80 or higher.
List Contents
Part of the List Panel that dynamically displays results while users interact with the MarketSmith tool.
List Manager
The is part of the List Panel and it helps you categorize your stock and fund watch lists to keep them organized and ready to access. Clicking the arrow icon beside a list name within the List Manager will reveal the collection of lists within that category in an expanded view; clicking the icon a second time will contract that view.
List Panel
The List Panel feature of MarketSmith allows you to sort, copy, filter, save, delete, share and find stock, fund, market index and industry group lists that you (and other MarketSmith subscribers) create. It also offers access to preset lists such as Market Indices, Top 100 RS and EPS Reports. The List Manager provides a centralized location for list management within MarketSmith. The List Panel consists of a List Contents module that displays the stock symbols and data generated from interacting with MarketSmith, and the the List Manager, which enables users to organize,catorgorize and find lists and reports.
Market Bottom
Phase that refers to the overall general market making a low point and then turning around for a period of improvement.
Market Capitalization
The total market value of the company, which is calculated by multiplying shares outstanding by the stock price. Companies with more than one class of common stock will display two sets of figures:

The first data item is the market capitalization for all classes of common stock.
The second figure (inside parentheses) is the market capitalization of the class that is being viewed, and not necessarily the "primary" class.
Example: "Market Capitalization 250 Mil(150 Mil)"

250 Mil = Market value of all common stock classes (150 Mil) = Market value of the common stock primary class

The difference between the first and second figures represents the market value of the class of common stock not being viewed.
Moving Average
The average of a stock's price or volume over a specific time period. In technical analysis, moving averages are plotted on stock charts. The 50-day and 200-day moving average of prices often act as support levels for stocks in uptrends and as resistance levels for stocks in downtrends.
Mutual Fund
A diversified portfolio of stocks managed by a professional investment company for a small management fee. Investors purchase shares in the overall portfolio.
Mutual Fund Index, IBD
Proprietary index of domestic growth stock funds located every day on Investor's Business Daily's ® 'General Market & Sectors' page. This information can be used along with other key indices as a general market indicator.
Mutual Funds, Number of
The total number of mutual funds holding a position in the stock.
Nasdaq 100 Index
A modified market-value (capitalization) weighted index of the largest non-financial domestic and international companies listed on the National Market tier of the NASDAQ Exchange. Its components are determined by NASDAQ Stock Market, Inc.
Nasdaq Composite Index
A market-value (capitalization) weighted index of all stocks traded on the NASDAQ Stock Market.
New Highs
Refers to a stock attaining a new price high when compared to its old price high of the last 52 weeks.
News Item
Summary of the most recent news event. News items are obtained from several sources, including all major news wires and company press releases. News is accessible in the tool in the Related Information panel
Non-Recurring Item
Indicates pre-tax, non-recurring items were included in calculation. MarketSmith uses a blue delta (triangle) to denote non-recurring items.
Notes & Discussion
The Notes & Discussion task panel in the far left of the Charts view exposes additional features to help in your research, tracking and historical view of charts and trades.

Journal: keep notes on your investment research findings
Blogs & Forums: participate in the MarketSmith Community
NYSE Composite Index
A market value-weighted index of all stocks traded on the New York Stock Exchange.
NYSE Financial
A major market index comprised of all finance common stocks traded on the New York Stock Exchange. The index is designed to measure the changes in the aggregate value of the stocks.
O'Neil Database
MarketSmith online and print products are produced using data from parent company, William O'Neil + Co. Incorporated (unless otherwise noted), which collects and maintains one of the most robust databases in the industry for both professional and non-professional investors. The O'Neil Database contains detailed fundamental information and historical price and volume data on domestically traded stocks, mutual funds, options, futures, commodities, economic calendar data, industry groups, and market indicators.

The O'Neil Database includes such elements as:

Normalized Earnings to better reflect companies' performance, absent of any extraordinary and unusual items;
Industry specific fundamental information found on the Balance Sheet and Income Statement;
Five years of Insider Ownership, Current Institutional Sponsorship, 10 years of Price, Volume, and Index Information.
Option
Indicates the exchange(s) on which options for a stock are traded. The exchange names are abbreviated with the following symbols:

CB = Chicago Board
AM = American
PA = Pacific
PH = Philadelphia
"NONE" will be displayed when a stock does not have tradable options.
Options, stock
Purchased contracts to buy or sell stock at a specified per-share price by a specified future time period. Options are highly volatile and can involve significant risk.
Oscillator, Short-Term Overbought-Oversold
A 10-day moving average of the number of stocks moving up in price less the number of stocks moving down in price (for a specific exchange). Stocks with unchanged vs. the previous close, are not included in this calculation.

This data item and its chart are presented exclusively in the three (AMEX, NASDAQ, and NYSE) Daily Market Indicators pages.
Page, Daily Graphs
Located in the lower left corner of the chart; indicates the page number in which a stock appears in the current Daily Graphs printed product. This notation is displayed on Daily and Weekly charts only.
PHLX Semiconductor Index
The PHLX Semiconductor Sector is a price-weighted index composed of 18 companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. For more information on this Index, please visit: http://www.phlx.com/market/sectors.html
Pivot Point (Buy Point)
Optimal buy point of a stock as it emerges from a sound and proper basing area or chart pattern (the most common of which include the 'cup with handle,' 'flat base' and 'double bottom') and breaks out into a new high in price. This is the point of least resistance and has shown, through William J. O'Neil's research, to have the greatest chance of moving substantially higher based on its current and historical price and volume activity.
Price
The amount of money an equity security most recently traded for.
Price Bars
Blue or magenta colored marks that represent price history (high/low/close). The amount of trading history each bar represents is based on the period of a chart (i.e., weekly, daily, intraday). The length of each vertical bar illustrates a stock's high/low price range. The small intersecting horizontal slash indicates the current price or where a stock closed at the end of official market hours.

A Price Bar will be presented in blue if the price of the most recent trade is equal to or greater than the previous period's last price, or it may be magenta if it is less than the previous period's price.


Price bars, like price quotes, are updated throughout market hours on a 20-minute delayed basis for all stocks listed on NASDAQ, NYSE and AMEX exchanges. This update schedule will often result in the length, location of the horizontal slash, and coloring of a Price Bar to change during market hours.
Price Change
The difference between the latest price and its previous closing price. Price Change presented in a blue font is an indication the price is equal to or greater than its previous close. A magenta font color represents a current price that is below the previous close. When viewing a daily or intraday chart, the difference in price is a reference to the prior day's closing price.

For a weekly chart, font coloring reflects the relationship between the current price and the price recorded at the previous week's close.

For monthly charts, font coloring reflects the relationship between the current price and the price recorded at the previous month's close.

Considerations:

Price information is presented on a 20-minute delayed basis for all stocks listed on the NASDAQ, NYSE and AMEX exchanges.
Prices for all other stocks are updated after the market close. Price information does not reflect after-hours trading.
All prices are reported in U.S. dollars.
Price Line, 200-Day Moving Average
Presented as a black line, it represents the average price over the previous two hundred trading sessions. It is calculated by summing the closing price over the last 200 trading sessions and dividing by 200.

On a Weekly Chart, it is calculated by summing the closing price over the last 40 week trading sessions and dividing by 40.
Price Line, 50-Day Moving Average
Presented as a red line, it represents the average price over the previous fifty trading sessions. it is calculated by summing the closing price over the last 50 trading sessions and dividing by 50.


On a Weekly Chart, it is calculated by summing the closing price over the last 10 week trading sessions and dividing by 10.
Price Peak/Valley Points
Highlights exact price at high or low points over a 19-period interval. For example, on a Daily chart, a High Price point is marked on the date where there has been no higher price the 9 days prior to that date and the 9 days following that date.
Price Range, 52-Week High/Low
Indicates the highest and lowest price the stock has reached in the last 52 weeks of trading. Price range data includes intra-day highs and lows.
Price Range, Calndar YEar High/Low
Calendar year high/low prices for an equity. Historical prices are adjusted for dividends and splits.
Price Scale
Numeric scaling on a chart grid used to visually determine the value of a Price Line or Price Bar. The numeric interval is based on arithmetic scaling for daily and intraday charts, and logarithmic scaling for Weekly charts.
Price, Current/Close
The dollar value at which a stock most recently traded or closed.

A price quote presented in blue font is an indication the price is equal to or greater than its previous close. A magenta font color represents a current price that is below the previous close. When viewing a daily or intraday chart, the change reference is to the prior day's trading session. For a weekly chart, font coloring reflects the relationship between the current price and the price the previous week's close.

All prices are reported in U.S. dollars.
Price-to-Book Value
Compares a stock's value in the market (determined by the current stock price) to the value of total company assets less total company liabilities (book value). Based on a 45-year study of the greatest stock market winners, this measurement did not prove to be significant among winning stocks.
Price/Earnings (P/E) Ratio
Theoretically measures the value of a stock by dividing the current price by its earnings per share over the last twelve months. When a stock's P/E ratio is high, it is considered by the majority of investors to be pricey or overvalued. Stocks with low P/Es are typically considered a good value. However, through his studies of the biggest stock market winners, William J. O'Neil found the opposite to be true: the higher the P/E, the better the stock. The average P/E of the best winners over the last fifteen years at the initial buy point prior to their huge price increases was 31 times earnings. These P/Es went on to expand more than 100% to over 70 times earnings as the stocks significantly increased in price.
Price/Earnings (P/E) Ratio, 5-Year Low/High Range
Represents the lowest and highest Price/Earnings Ratio range a stock experiences over a period of up to 5 years. A P/E ratio is derived by dividing a closing price by the summation of the latest four quarters of earnings. To obtain the five year range, up to 20 quarters are used for this calculation. All figures are adjusted for stock splits.

Companies that report Funds From Operations will note this data item as "5 YR P/F" in place of "5 YR P/E".
Price/Earnings (P/E) Ratio, Current and Relative to S&P500
Current price-to-earnings ratio and its relation to the P/E ratio of the stocks making up the S&P500 index. The P/E ratio is computed daily using the most recent closing price and the latest trailing 12 months of earnings. Stocks with a P/E ratio of 300 or greater are considered statistical outliers and are excluded from this calculation. A measure of "1.5xSP" means the stock's P/E ratio is 50% above the P/E ratio of the S&P 500 index.

For companies reporting Funds From Operations, this figure is presented as "P/F". Relative value with the P/E of S&P500 index is not presented as fund from operations results is not directly comparable to earnings per share data.
Price/Earnings (P/E) Ratio, Quarterly High/Low Range
Calculated by dividing the company's highest and lowest prices for the quarter by the latest trailing 12-months of earnings. Companies that report Funds From Operations will present this data as "P/F" instead of "P/E".
R&D
Percent of total sales spent on research and development, as calculated from the most recent fiscal year-end report.
Related Information Panel
The Related Information panel at the right of the chart view provides additional information and functions that can augment your chart analysis. The options available dynamically update depending on the equity instrument type of the chart you're viewing.
Relative Price Strength (RS) Rating or Relative Strength
One of our exclusive proprietary ratings that measures each stock's price performance over a twelve-month period, compared to all other stocks in our database. To emphasize recent price performance, a 40% weighting is assigned to the most recent quarter (three months) results, with the remaining three quarters each receiving a 20% weighting in the calculation.

Relative Strength Ratings value ranges from 1 to 99 (highest). A relative strength rating of 89 indicates the stock has outperformed 89% of all other stocks in the database.

Initial Public Offering (IPO) stocks are temporarily assigned a "1" rating value until the data from five trading sessions are available for its initial calculation.
Relative Strength (RS) Line
The relative strength line compares a stock's price performance versus the S&P 500. Many charting services plot a RS Line along with the stock's price, moving averages, etc. The line is derived by dividing the stock price by the S&P 500 Index value. An upward sloping line means that the stock's price is outperforming the S&P 500 Index.
Return on Equity (ROE)
Presented as a percentage figure, it is derived by dividing annual income (before extraordinary items, discontinued operations, cumulative accounting adjustments and non-recurring items) by an average of the latest fiscal year and the prior year's stockholders' equity. Brackets [ ] will surround the ROE percentage if the net income being used to derive the data is not from the most recently completed fiscal year; it will subsequently indicate which year the percentage figure corresponds to.

As an indicator of a company's financial performance, ROE measures how efficient a company is with its money. The biggest stock market winners historically showed an ROE of 17% to 50% before they made their huge gains.
Russell 2000 Index
A market-value (capitalization) weighted market index comprised of the smallest 2,000 companies in the Russell 3000 Index. This index is widely regarded in the industry as the premier measure of small capitalization stocks.
S&P 500 Index
A market-value (capitalization) weighted index consisting of large-capitalization U.S. stocks. Its focus is to provide a representative sample of leading companies in leading industries. Its components are determined by Standard & Poor's.
S&P MidCap 400 Index
A market-value (capitalization) weighted index whose design is to measure the performance of the mid-size company segment of the U.S. market. Its components are determined by Standard & Poor's.

NOTE: Price data are provided on a 20-minute delayed basis. Volume figures are updated after the market close.
S&P SmallCap 600 Index
A market-value (capitalization) weighted index consisting of small-capitalization U.S. stocks. Its components are determined by Standard & Poor's.
Sales + Profit Margins + ROE (SMR) Rating®
One of our exclusive proprietary ratings; this proprietary rating was developed to help investors identify companies with superior (S)ales Growth, Profit (M)argins, and (R)eturn on Equity ratios. This data item combines into one simple "A" to "E" rating system, four fundamental factors used by analysts:

Sales growth rate over the last three quarters
Pre-tax profit margins
After-tax profit margins
Return on equity (ROE)

Sales growth and after-tax margins are computed with quarterly figures, while return on equity and pre-tax margins are calculated using annual figures. All four factors take in to account the acceleration of the variables (rate of increase).
The rating system is weighted in the following manner:

A = Top 20% (Outperforming over 80% of other stocks)
B = Next 20% (Outperforming 60%-80% of other stocks)
C = Next 20% (Outperforming 40%-60% of other stocks)
D = Next 20% (Outperforming 20%-40% of other stocks)
E = Bottom 20% (Outperformed by over 80% of other stocks)
Sales, Percentage Change
Percentage change in sales compared to the same quarter of the previous year. Figures in blue are equal to or greater than sales from prior year quarter, whereas figures in red indicate a decrease in sales.
Sales, Quarterly Comparison
Most recent quarterly sales amount versus sales amount of same quarter in the previous year.
Screener
The MarketSmith Screener is a custom screener that allows you to filter through the O'Neil Database® to find stocks and funds that meet a specific set of criteria. You may create simple filters for a quick look at what's moving in the market or create complex filters that can be used to spot trends and surface potential investment candidates in the research phase of your investing routine.
Shares Held by Banks
Represents the percentage of stock owned by institutional banks. This amount is based on the floating supply of stock (total shares outstanding less insider positions and percent held by management). This information is reported quarterly by approximately 250 banks.
Shares Held by Management
Represents the percent of total outstanding stock (capitalization) owned by company officials.
Shares Held by Mutual Funds
Represents the percentage of stock owned by mutual funds. This amount is based on the floating supply of stock (total shares outstanding less insider positions and percent held by management).
Shares Outstanding
The number of shares issued for trade in the open market. This figure includes restricted shares held by corporate officers and insiders but does not include shares repurchased by the company. In the situation where a company has more than one class of common stock, we will modify the display to reflect two sets of numbers. The first number is a summation of all common share classes. The number that follows in parentheses represents the number of common shares only for the class that is being charted.

Example: "Shares Outstanding 250 Mil(150 Mil)"

250 Mil = Summation of shares in all common stock classes;

(150 Mil) = Number of shares of the class being charted

The difference between the two figures represents the class(es) of common stock that is not being charted.
Shares, Float Supply
Number of shares available to the public and institutions (reported in millions). This amount represents the total capitalization less restricted shares, insider positions, and shares held by management.

If this data field is blank, all company shares outstanding are considered to be available for public trading (Float Supply will equal Shares Outstanding).
Short Interest
The total number of shares of any stock that have been sold short and not yet repurchased to close out short positions.
Short Interest Ratio
Indicates the number of days it would take short-sellers to cover their positions. Short interest ratio includes two components; trading days required to cover short interest, and total volume percentage change. Both numbers are based on volume reports released by the major exchanges bi-monthly.

The number of days required to cover short interest is based on the latest short interest report volume number divided by the current 50-day average volume. This data item is updated every evening to reflect the change in the 50-day average volume.

The volume percentage change data item is based on change of the most recent short interest volume number versus the previous month's short interest figure. This data item corresponds to the Percentage Change data item listed in each of our three Short Interest Reports.
SmartSelect
(See IBD SmartSelect® Corporate Ratings)
SmartSelect Corporate Ratings
Six proprietary and exclusive research ratings based on over 50 years of historical research of the characteristics of the top performing stocks before their big moves. These ratings are designed to screen out deficient stocks, identify potential market leaders, save time, and significantly improve stock selection. They include:

Earnings Per Share (EPS) Rating®
Relative Price Strength (RS) Rating®
Industry Group Relative Strength Rating®
Sales+Profit Margins+ROE (SMR) Rating®
Accumulation/Distribution Rating (Acc/Dis Ratintg®)
Composite Rating®
SMR Rating
SMR Rating
(See Sales + Profit Margins + ROE (SMR) Rating® )
Split or Dividend
A change affecting a corporation's number of stock shares (increasing or decreasing total number) and stock price, without any change to the shareholder's equity. Prior prices, earnings and volume related items are adjusted at the time of either a stock split or dividend. This indication will appear on in the standard "X/Y" (X-for-Y) format, except where the stock split is less than 100%; it will be noted in the "X%" format. An arrow is used to indicate the effective date of the change on the chart. Stock Splits and Dividend release dates are reflected as a Chart Calendar event and on the chart with an arrow indicating the date of the event.
Sponsorship Rating
A unique proprietary rating found in the Weekly Chart that helps investors determine if a company's stock is owned by the better-performing mutual funds. Its calculation averages 3-year performance of all mutual funds owning the stock. The rating scale ranges from "A" to "E" (A=Best, E=Worst). An "N/A" appears if not enough data is available to calculate a rating.
Stochastics, also Stochastic Oscillator
A technical momentum indicator that compares a security's closing price to its price range over a given time period. The oscillator's sensitivity to market movements can be reduced by adjusting the time period or by taking a moving average of the result.

The Stochastics indicator may be applied to a stock chart by selecting Stochastics from the Chart Controls pulldown menu.
Stock Exchange
Public market where securities are traded. The majority of stocks in our database are listed on one of the three main U.S. markets: New York Stock Exchange, Nasdaq, and American Stock Exchange. This database also provides information for stocks traded on Canadian exchanges and a limited number of stocks traded as a Bulletin Board listing. The following symbols are use to identify an exchange:

AMEX = American Stock Exchange
NYSE = New York Stock Exchange
NASDAQ = Nadaq Stock Exchange
NMS = National Market Securities (one of two NASDAQ classifications)
SCM = SmallCap Market (one of two NASDAQ classifications)
PCSE = Pacific Stock Exchange
BB = Bulletin Board
Stock Price Relative to Book Value
Calculated by dividing the current price by the per share book value (total shareholders' equity for fiscal year-end divided by common shares outstanding).
Stock Symbol
The identification code, consisting of one to five alpha-numeric character(s), assigned to each stock for trading purposes. Stocks traded on the New York Stock Exchange and the American Stock Exchange typically have one to three letter symbols. Nasdaq stocks have four to five letter symbols.
Symbol Field
The text field where users can enter stock or fund symbol characters to perform a stock or fund-related task.
Technical Analysis
Study of a stock or general market's price and volume movement, mainly by use of charts to analyze buying and selling in the market.
Timeliness Rating
Proprietary rating system based upon recent earnings changes and price performance indicating possible or potential relative price performance over the next 12 months. General market factors are not considered in the stock rating system. Ratings presented are updated daily, from A (highest) to E (lowest). While stocks with ratings of A and B may outperform stocks with ratings of C and D in up markets, higher rated stocks can be more volatile and may involve added risk. Price stability may be improved by giving preference to stocks with lower betas, no debt or low debt, larger capitalization (common shares outstanding) with more established markets, and an extension in price no more than 5% to 10% above a recent consolidation or basing area of 8 or more weeks duration.

Caution should be used when considering purchase of any A-Rated stocks. High rated stocks frequently involve added volatility and risk, as well as added potential. Safety may be improved by selecting A & B rated stocks with lower Betas, lower % debt, larger capitalizations and by avoiding stocks extended in price more than 5% to 10% from the most recent price consolidation zone (or basing area) of 2 to 3 months or more. Smaller capitalization stocks are usually more volatile and speculative in nature, and low priced stocks are of lower quality. General market conditions should also be considered since even the best stocks will be affected by adverse market periods.
Top RS Stocks in Industry Group
This selection displays the top stocks of an industry group possessing the highest relative strength. When two or more stocks have the same RS Rating, a secondary sort based on the highest EPS Rating is implemented. Stocks priced under $10, at the previous Friday's close, are excluded from this list.


The Top RS table includes the stock's symbol and Earnings Per Share (EPS) Rating. Symbols (presented in blue) are hyper-linked so that a single mouse-click will access the weekly chart of other stocks in this list.
Track Price
A chart tool for determining exact historical price/volume information. May also be use to align items with its corresponding date and/or scale. To access the Track Price tool, place the cursor over an item on the chart, then press and hold the mouse button. The Track Price Box and Track Price Lines will appear.

The Track Price Box provides the date, price high/low/last/change, and volume details for any market-trading day.

The Track Price Lines are a display of horizontal and vertical lines that intersect at the cursor. Use this tool to align items on the chart with its corresponding date or scale.
Up/Down Volume Ratio
A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock.
Value Investing
An investing strategy that focuses on companies believed to be undervalued (indicated by low price-to-earnings (P/E) ratios, low price-to-book value, etc.). Value stocks are typically viewed as being bargain-priced and a good value. This strategy focuses on fundamentals and less on technicals. A value fund is a mutual fund that invests in undervalued stocks
Volume
Number of stock shares traded during market hours. During market hours, volume for stocks listed on the NASDAQ, NYSE and AMEX, exchanges are updated on a 20-minute delay basis. All other stocks report total volume amount as of the previous close.

When viewing daily or intraday charts, reported volume amount reflects the number of shares traded during a specific day. Weekly charts display a summation of volume for an entire trading week. For MarketSmith subscribers with monthly charts, the monthly charts display a summation of volume for an entire trading month.

To obtain detailed price (hi/lo/close/change) and volume information while using MarketSmith Charts, activate the Track-Price tool by pressing the right-mouse button while the cursor is over the chart. Information displayed will reflect the specific time period of the chart (i.e., weekly, daily, intraday).
Volume Bar
A vertical line representing the number of shares traded during the specific time period of a chart (i.e., weekly, daily, intraday). The length of the volume bar indicates a value that corresponds to the scale at its right. In the case where a volume bar exceeds the height of the scale, the length of the volume bar is no longer proportional to other volume bars.

The color of a volume bar is determined by its corresponding Price Bar: a blue volume bar indicates the most recent trade is equal to or greater than the previous period's last trade; a magenta volume bar indicates the most recent trade is less than the previous period's price. Volume bars, like pricing information, are updated throughout market hours on a 20-minute delayed basis for all stocks listed on NASDAQ, NYSE and AMEX exchanges.

To obtain detailed price (hi/lo/close/change) and volume information while using MarketSmith Charts, activate the Track Price tool by pressing the right-mouse button while the cursor is over the chart.
Volume Line, 50-Day Moving Average
Presented as a red line, it is an indication of the moving average of shares traded over the last 50 trading sessions. When viewing a daily chart, this line represents a 50-day moving average volume level, and is derived by summing the volume of the last fifty trading days and dividing it by fifty.

For a weekly chart, this line represents a 50-week moving average volume level. The weekly chart line is calculated by multiplying the 50-day moving average volume amount by five (the number of days in a trading week) to approximate the appropriate volume amount.

For monthly charts, the red moving average volume line represents a 6-month moving average volume level.
Volume Peaks
Trading volume amount is displayed on the chart when it reaches its highest point in a relative time period. This number is reported in hundreds (00s). Volume bars that extend above the volume scale range have been truncated and are not necessarily proportional to the other volume bars.

To obtain detailed price (hi/lo/close/change) and volume information, activate the Track Price tool by pressing the right-mouse button while the cursor is over the chart.
Volume Percent Change
A measure of the relationship between the most recent trading activity and the number of shares traded on an average daily basis over the last 50 trading sessions.

When viewing this data item during a trading session, please note two important factors:

Volume data is presented on a 20-minute delayed basis
Percentage change calculations are based on a projected volume figure.
The projected volume of a stock is based on the total number of shares traded and the time of day. After the market closes, this data item is updated using reported closing volume numbers.
Volume Scale
The numeric interval on a chart used to determine the placement and thus the value of a Volume Bar or Volume Line. The default volume scale utilizes logarithmic based internals. The Chart Controls pulldown menu provides the option to create a scale interval bases on arithmetic intervals.
Volume Scale, Arithmetic
An arithmetic scale is one of constant numeric interval change. That is, the distance between each interval is the same numeric value. This scale is useful for determining numeric volume changes.
Volume Scale, Logarithmic
A logarithmic scale presents intervals based on percentage or proportional changes. For example, the percentage change from 1 to 2 (100%) is the same as the movement from 2 to 4 (100%), 4 to 8 (100%), etc. This scale is useful for comparing relative (percentage) change
Volume, 50-Day Moving Average
The average number of shares traded each day, over the last 50 trading days. If a stock has not traded for 50 days, this calculation is based on the available information. Market holidays are excluded from this calculation.
Warrant
A type of security issued by a company that allows the holder to buy a proportionate amount of stock at a specified future date. Warrants are similar to call options.
Waterfall Summary
Located on the upper left of the Screener input window, the Waterfall module summarizes the effect of your chosen screen criteria (i.e., your "inputs") on the number of stocks or funds returned in the results. It dynamically updates as you refine your search so that the waterfall effect of screen criteria selection, depicted by a "falling off" of stocks or funds, can be clearly seen. This feature will help you easily spot criteria that is so narrow that it excludes most of the database, or a criteria that is so broad that it eliminates very few stocks or funds from your screen results. You can view your input summary in either a List or Graphic View by selecting the appropriate radio button
Yield
This figure represents the relationship of an annualized dividend to a stock's price. To create this figure, we "annualized" (multiply by pay frequency) the most recently paid dividend and divide it by the prior day's closing price.


When a stock does not pay a dividend, the data item will be reported as NONE.