Market Read®

  • Tuesday, April 21 2015

This prediction has passed its maturity date!

This prediction was valid between March 11, 2013 and June 16, 2013. All information in this report is for reference only and should not be considered forward looking.

(NYSE: SPW)

Spx Corp.


Bearish

SPX Corporation provides specialized engineered solutions worldwide. It primarily operates in two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment manufactures and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, including turnkey and skidded systems, and components, as well as aftermarket components and support services. This segment primarily offers engineered pumps, valves, mixers, plate heat exchangers, and dehydration and filtration technologies for customers in food and beverage, power and energy, and industrial end markets. The Thermal Equipment and Services segment engineers, designs, manufactures, installs, and services thermal heat transfer products. This segment s principal products include evaporative, dry and hybrid cooling systems, rotating and stationary heat exchangers, and pollution control systems for the power generation, HVAC, and industrial markets, as well as boilers, heating, and ventilation products for the residential and commercial markets. The company also designs, manufactures, and markets power transformers, industrial tools and hydraulic units, communications and signal monitoring systems, fare collection systems, and portable cable and pipe locators. SPX Corporation markets its products through various channels, such as stocking distributors, independent manufacturing representatives, direct sales, and third-party distributors and retailers. The company was formerly known as Piston Ring Company and changed its name to SPX Corporation in 1988. SPX Corporation was founded in 1911 and is headquartered in Charlotte, North Carolina.

Investment Highlights

  • PATTERN SCAN predicts the price of SPW expected to move down in the coming weeks based on the appearance of a 'Broadening Continuation' pattern. Specifically, a ACT EOD variant of Broadening Continuation has been detected. The target is $73.90. more
  • INSIDER predicts that SPW will move down based on insiders trading in the stock. more
  • VALUATION SPW has a current calculated value of $67.36 which means the stock is overvalued compared to its price of $84.63.

Predictive Range February 04, 2013 - June 16, 2013

Anticipated price movement, between prediction date and target date, based on all market reads.
$78.03 - $67.62

How WealthMakers Market Reads Work:

WealthMakers Market Reads™ provide you with market performance predictions based on proprietary technologies, trading algorithms and data to help you make better, more informed investment decisions. Here's a quick review of our predictive technologies:

  • EARNINGS Most stock price histories show random or unpredictable movements around earnings reports. But some repeat the same pattern quarter after quarter, year after year. Earnings predicts probability, price move and length of move before and after all US stock earnings reports.
  • FRICTION FACTOR Friction Factor is based on the relationship between the price of a stock and the volume at which it's bought and sold. Normal and abnormal Friction factor patterns can help you time your buying and selling decisions for maximum earnings potential.
  • GATS The Global Automated Trading System (GATS) combines neural networks and genetic algorithms to reduce investment risks. GATS selects the highest probability trades in stocks, bonds, options, commodities, currencies and private equities, delivering precise, predictive and profitable data.
  • GROUP SECTOR Certain institutions can exert buying or selling pressure over an entire industry group, pushing prices higher. Group Sector identifies stocks that most closely match their group's movement and generate powerful group consensus trading signals to help you profit from the herd mentality.
  • PATTERN SCAN This technology automatically tracks "Trigger Events" that positively or negatively affect the value of a stock — or its perceived value among analysts — ranging from price fluctuations to natural disasters and political shifts. The results reveal patterns that can predict market movements.
  • EVENTS Events describe the current technical situation in your stock. It displays the technicals, trend conditions and seasonal factors and automatically discovers how that stock has performed in the trading days following the occurrences of the event or combination of events. This technology automatically scans using complex historical queries based on what event is taking place right now in the stock. It then displays the probability, expected return and number of trading days for the expected move.
  • RegSHO NAKED SHORTS SEC Regulation SHO mandates that if a clearing agent holds a fail-to-deliver position for 13 consecutive settlement days, it must purchase securities to close out its position, a.k.a. a forced cover. WealthMakers aggregates data from NYSE, AMEX, NASDAQ, OTCBB and PINKSHEETS to track stocks that are about to have forced covers.
  • SEASONALITY Seasonality analyzes more than 20 years of data to determine if stocks have a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias.
  • SQUEEZE TRIGGER Our proprietary database of more than 3,500,000,000 short sale transactions allows us to calculate the exact price at which the total short interest is short in each stock. Squeeze Trigger Alerts let you know exactly when a short squeeze will start and how to trade profitably.
  • VALUATION A stock's value is a function of its forecasted earnings per share and forecasted earnings growth, as well as profitability, interest and inflation rates. Valuation use these metrics to determine at what price a stock is undervalued or overvalued, so that you can make investment decisions accordingly.
  • INSIDER Significant stock sales or purchases by company "insiders" (officers or directors) can be a predictor of future price movements — up or down. The Insider strategy tracks these actions and correlates them with historical data to give you an investment edge.

Pattern Scan

 

Tracks "Trigger Events" that positively or negatively affect the value of a stock.

Spx Corp. (NYSE: SPW) is predicted to go down in coming weeks based on bearish technical trends that have appeared in the recent performance of the stock. SPW has demonstrated Broadening Continuation strategy ACT EOD with a strength of 2.0/5. The higher the strength, the higher the probability of an accurate prediction.

  • The price of SPW expected to move down in the coming weeks.
  • PatternScan has detected that a 'ACT EOD' pattern has appeared.
  • Specifically, a ACT EOD variant of Broadening Continuation has been detected.
  • This indicates a high probablity that SPW will move down in the coming weeks.

Insider

Tracks stock transactions by company "insiders" and correlates them with historical data.

Spx Corp. (NYSE: SPW) is expected to go lower as sell signals have been generated by top insider trading patterns. The most important data elements considered when performing insider analysis are: Insiders Track Record - An insiders track record is best summarized by the Insider Score which ranges from 1 (least predictive) to 100 (most predictive) based on prior trading performance. In addition, the actual returns following the insiders prior trades are included to determine the potential magnitude of future returns. Insiders Role - Trades by higher-level insiders are generally more predictive than trades by lower level insiders. Higher-level insiders to include Chairman, CEO, President, CFO, and Vice Chairman.

  • The price of SPW expected to move down soon.
  • Insider selling has been detected by high level insiders at the company.
  • Based on our predictive insider equity formula, SPW is expected to fall to $61.35.

Squeeze Trigger

 

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for SPW is 69.57.

Date Short Volume Short Value SqueezeTrigger
2015-02-28 111018 9545882.73 85.985
2015-01-31 168627 14154584.1054 83.9402
2014-12-31 1844706 154216314.776 83.5994
2014-11-30 1420781 131841799.129 92.7953
2014-10-31 3578252 324572861.989 90.7071
2014-09-30 1497595 150370069.481 100.4077
2014-08-31 1142236 115735463.57 101.3236
2014-07-31 530033 57973313.4344 109.3768
2014-06-30 1009966 108649314.375 107.5772
2014-05-31 1308344 135077882.93 103.2434
2014-04-30 1440669 142291275.458 98.7675
2014-03-31 1667513 170321278.582 102.1409
2014-02-28 1565488 158578611.741 101.2966
2014-01-31 1531512 155150435.765 101.3054
2013-12-31 405023 37923437.5544 93.6328
2013-11-30 1146374 107122918.43 93.445
2013-10-31 1607231 138413126.489 86.119
2013-09-30 1314249 103558615.603 78.7968
2013-08-31 1442086 109776922.038 76.1237
2013-07-31 1619397 120335933.613 74.3091

Friction Factor

 

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent.
Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused SPW's price to rise
  • If Friction Factor is negative, more selling than buying caused SPW's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.

Date Change Buy Vol Sell Vol Net Vol Friction
2015-02-05 1.63 102116 87297 14819 90.91411043
2015-02-04 -1.62 98923 136386 -37463 -231.2530864
2015-02-03 2.76 99280 104033 -4753 Bullish Bias
2015-02-02 2.36 119646 73059 46587 197.4025424
2015-01-30 -0.69 93219 145916 -52697 -763.7246377
2015-01-29 0.0 170301 110762 59539 Bearish Bias
2015-01-28 -0.61 122598 69488 53110 Bearish Bias
2015-01-27 -1.34 71145 82753 -11608 -86.62686567
2015-01-26 1.45 135012 101471 33541 231.3172414
2015-01-23 -1.03 97614 98151 -537 -5.213592233
2015-01-22 0.8 119897 97424 22473 280.9125
2015-01-21 1.95 238182 303868 -65686 Bullish Bias
2015-01-20 -0.14 221824 190061 31763 Bearish Bias
2015-01-16 -0.09 329081 181022 148059 Bearish Bias
2015-01-15 -0.05 765627 473473 292154 Bearish Bias
2015-01-14 -0.56 639449 390736 248713 Bearish Bias
2015-01-13 1.94 246937 280894 -33957 Bullish Bias
2015-01-12 -1.41 105810 165411 -59601 -422.7021277
2015-01-09 -0.59 128763 78951 49812 Bearish Bias
2015-01-08 1.63 83569 99155 -15586 Bullish Bias

Valuation

 

Value is a measure of a stock's current worth. SPW has a current value of 67.36 per share. Therefore, it is overvalued compared to its Price of $84.63 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease.

General Results

 

Past success in predictions regarding all predictions on the WealthMakers platform.

Our prediction engine has a track record that is second to none. See for our results.

Read Type Avg Return Avg Maturity Days Hits Misses % Accurate
Insider 15.888 78.32 11609 562 95.38%
SqueezeTrigger 12.61 22.08 9218 592 93.97%
Valuation 14.484 26.96 4201 302 93.29%
Seasonality 7.313 15.19 49960 4716 91.37%
Group Correlation 6.507 14.78 4239 452 90.36%
PatternScan 8.533 11.5 180780 26543 87.20%
Events 6.902 11.24 4048 627 86.59%
Earnings 8.535 10.33 23636 4745 83.28%
GATS 5.375 7.88 61458 12604 82.98%
Naked Shorts 13.907 10.95 2667 691 79.42%
Friction Factor 7.162 3.64 6850 1971 77.66%

About Wealthmakers

WealthMakers gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies — Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS — apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns. Find out more at WealthMakers.com.

All material herein was prepared by WealthMakers, based upon information believed to be reliable. The information contained herein is not guaranteed by WealthMakers to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. WealthMakers is not a registered investment advisor in the State of California. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. WealthMakers or its affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services. WealthMakers affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this opinion and may profit from those trades. Market commentary provided by Thomas Ronk, a registered investment advisor and commodities trading advisor in California. WealthMakers will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

All Rights Reserved. Copyright 2011 WealthMakers

Overview
Last Price$84.63
52 Week Range$73.15 - $111.47
1 Month Range$104.73 - $111.47
Avg Daily Volume289015.0
PE Ratio9.39
 
Earnings Per Share
YearEPS
2015(E)$11.447
 
Capitalization
Shares Outstanding43MM
Market Capitalization$4678.00MM
 
 

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