FLIR Systems Inc, MasterCard Incorporated, Stantec Inc – Technical Analysis

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Today’s report seeks to identify stocks that are currently below their expected trend, implying a pullback may be in the cards. Today’s stocks are all listed below their previous trend, and indicated MACD signals that are showing signs of bottoming, giving reason to believe that the equity has found significant support at current levels. To top it off, stocks with bearish candlestick patterns were eliminated.

Highlighting: FLIR Systems, Inc. (NASDAQ:FLIR), MASTERCARD INC (NYSE:MA), STANTEC INC COM NPV (TSE:STN)

American markets rallied on the day, while Canadian markets remained relatively flat. Yet, after trading had come to an end, gains of 0.76% on both sides of the border were seen, on average, amongst the stocks with volumes 6.65% lower than the previous day. Long term strength continues in the market, and these short-term fluctuations represent merely a blip in the road. No significant trends have formed as of yet. Still well over 80% of stocks are above their 200-day moving average, while the market plays a game of “keep away” with the 50-day. Of the 678 stocks analyzed on the S&P 500 and TSE Composite, 508 advanced, 162 declined and the remaining 8 continued right down the middle. Just over 8% of stocks are identified as being below their previous trend, implying that a new trend is in the formation, or that a pullback will eventually bring stocks back in line with expectations.


Chart courtesy of StockCharts.com
FLIR Systems, Inc. (FLIR)
	26.79	+ 0.11 (0.41%)

Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
26.42	26.61	26.73	26.92	27.04
Expected Short-Term Trading Range: 26.76 – 31.47

Support & Resistance Analysis		Neutral
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Below/Thinning		-1.099
RSI Analysis		Oversold but Rebounding		RSI
Stochastic (Fast) Analysis		Oversold but Rebounding		26.908
50-Day MA Analysis		Below 50-Day MA		%K (fast)
200-Day MA Analysis		Above 200-Day MA		14.324
Critical Level Analysis		Broke Below Previous Trend

FLIR Systems, Inc. (FLIR) Seasonality
Analysis has revealed that with a buy date of October 10 and a sell date of September 26, investors have benefited from a total return of 3848.62% over the last 10 years. This scenario has shown positive results in 7 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of June 25 and a sell date of July 19, producing a total return over the same 10-year range of 218.24% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 1512.32%.
Comments:
The fundamental ratios for this industrial company are phenomenal. The growth that the company has been witnessing is expected to continue throughout this year and into the future. Fundamental valuation places the expected market price around the mid to high $30 range. The price of the stock has just pulled back enough today to place it within the expected trading range with plenty of upside potential. This stock is predominantly a buy-and-hold investment, however, seasonal strength has been witnessed starting around the middle of April and into the summer months.
News Headlines for FLIR Systems, Inc. (FLIR)
FLIRting with Potential Profit (TheStreet.com) - Thu, 29 Jul 2010 FLIR sells its equipment to the government and the commercial sectors, so its income is insulated. First Capital International, Inc. to Demo a Proof of Concept of Surveillance Technologies at the MLS All-Star Game in Houston, Texas (Marketwire) - Tue, 27 Jul 2010 FLIR Beats, Raises Revenue Outlook (Zacks) - Fri, 23 Jul 2010

Chart courtesy of StockCharts.com
MASTERCARD INC (MA)
	221.75	-0.27 (-0.12%)

Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
217.18	219.46	221.29	223.57	225.40
Expected Short-Term Trading Range: 222.77 – 260.76

Support & Resistance Analysis		Neutral
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Below/Thinning		-7.317
RSI Analysis		Bearish		RSI
Stochastic (Fast) Analysis		Bullish Crossover		33.942
50-Day MA Analysis		Below 50-Day MA		%K (fast)
200-Day MA Analysis		Above 200-Day MA		25.027
Critical Level Analysis		Broke Below Previous Trend

MASTERCARD INC (MA) Seasonality
Analysis has revealed that with a buy date of October 25 and a sell date of July 19, investors have benefited from a total return of 509.27% over the last 3 years. This scenario has shown positive results in 3 of those periods.

The buy and hold return for the past 3 years was 84.2%.
Comments:
Although there is nothing about this stock that gives indication that it is undervalued compared to its current financial ratios, the company urges that growth is expected on a more significant scale than the year previous. As a result of this expected growth, fundamental prospects peg this stock more into the mid $200’s, and technicals confirm.
News Headlines for MASTERCARD INC (MA)
Interchange Fees: The Latest Dialogue (at Seeking Alpha) - Fri, 30 Jul 2010 Business events scheduled for the coming month (AP) - Thu, 29 Jul 2010 MONDAY, Aug. 2 WASHINGTON -- Commerce Department releases construction spending for June, 10 a.m. NEW YORK -- The Institute for Supply Management releases its manufacturing index for July, 10 a.m. Business events scheduled for the coming week (AP) - Thu, 29 Jul 2010 MONDAY, Aug. 2 WASHINGTON -- Commerce Department releases construction spending for June, 10 a.m. NEW YORK -- The Institute for Supply Management releases its manufacturing index for July, 10 a.m.

Chart courtesy of StockCharts.com
STANTEC INC COM NPV (STN.TO)
	26.67	+ 0.3 (1.14%)

Support 2	Support 1	Pivot Point	Resistance 1	Resistance 2
26.26	26.47	26.64	26.85	27.02
Expected Short-Term Trading Range: 26.73 – 29.11

Support & Resistance Analysis		Broke Lwr Resistance (1)
MACD Analysis		Negative/Increasing		MACD
MACD vs. Signal		Below/Thinning		-0.503
RSI Analysis		Below 50		RSI
Stochastic (Fast) Analysis		Bullish Crossover		40.404
50-Day MA Analysis		Below 50-Day MA		%K (fast)
200-Day MA Analysis		Below 200-Day MA		24.309
Critical Level Analysis		Broke Below Previous Trend

STANTEC INC COM NPV (STN.TO) Seasonality
Analysis has revealed that with a buy date of October 28 and a sell date of August 30, investors have benefited from a total return of 1716.65% over the last 10 years. This scenario has shown positive results in 9 of those periods.
Conversely, the best return over the maximum number of positive periods reveals a buy date of November 24 and a sell date of February 25, producing a total return over the same 10-year range of 369.93% with positive results in 10 of those periods.
The buy and hold return for the past 10 years was 1005.45%.
Comments:
This stock is another with prospects of growth. The seasonal profile resembles that of "market perform" and will find strength once again into the middle of March. Technicals are ideal, and downside risk is minimal.
News Headlines for STANTEC INC COM NPV (STN.TO)
Stantec Executives to Hold Second Quarter 2010 Conference Call (Marketwire) - Thu, 22 Jul 2010 Florida Firm WilsonMiller to Join Stantec (Marketwire) - Tue, 20 Jul 2010 Industry and Energy Associates Joins Stantec (Marketwire) - Tue, 06 Jul 2010

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Disclosure: Mr. Vialoux does not own securities mentioned in this report.
Disclaimer: Comments and opinions offered in this report at EquityClock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities.
Data offered in this report is believed to be accurate, but is not guaranteed.