Neg OBV (Negative Volume Index)

Negative OBV relates a decrease in volume to the change in the stock's price. When volume decreases from the previous day, the N-OBV is adjusted by the percentage of change in the stock's price. The N-OBV only changes on days when volume decreases and is displayed as either bullish (BL) or bearish (BR), depending whether today's volume figure is over or under its 24 day moving average.

Net Income

Net income is the difference between a company's total sales and its total costs and expenses.

For banks, it is the final profit before dividends (common/preferred) from all sources after deduction of expenses, taxes, and fixed charges, but before any discontinued operations or extraordinary items. For industrial companies. For industrial companies, it is comprised of profits derived from all sources after deduction of expenses, taxes, and fixed charges, but before any discontinued operations, extraordinary items and dividends (preferred/common). For industrial companies, it includes income from operations, after security gains or losses, and before results of discontinued operations and special items. For real estate trusts and savings & loans, it is profits for the year, including any gains/losses on the sale of real estate but exclude extraordinary items. For utilities, it is the amount of earnings for the year that is available for preferred and common dividend payments

O

OBV (On-Balance-Volume)

The original theory of On-Balance-Volume (OBV) was developed by Joseph Granville. The basic assumption underlying the method is that the marketplace is divided between 'Smart Money' and the 'General Public'. Smart money accumulates stocks at low prices and distributes it to the general public at higher prices. The OBV technique is an attempt to uncover smart money's hidden accumulation and distribution patterns before significant price movement occurs.

Open (Daily Open)

Previous day's opening price.

Operating Income

For industrial companies, this term refers to net sales and operating revenues, less cost of goods sold and operating expenses (including research & development, profit sharing, exploration and bad debt, but excluding depreciation and amortization).

Opinion

The Opinion for the stock is either Long (Buy), Neutral, or Avoid. Whenever the Opinion changes, it is labeled as either an Upgrade or Downgrade and the date and price are noted under the Opinion. A stock downgraded from Long to Neutral is highlighted with a red star to note its weakening technical condition. A red star will not appear for a stock upgraded to Neutral from Avoid.

Opinion Date

The date that the Opinion was formed.

Opinion Price

The closing price on the day that the current Opinion was formulated.

Oscillators

Oscillators are technical indicators designed to identify either Overbought or Oversold conditions.

Over Bought/Sold (OBOS)

A proprietary Overbought-Oversold indicator (OBOS) has been developed that consists of Stochastic (Fast %K) and a Price Reversal indicator. Both indicators are assigned a numerical value, ranging from +5 to -5, and based on the length of time that the component has remained in either an overbought or oversold condition. The idea is to identify stocks that are in either an overbought (OB) or oversold (OS) area, have been in this condition for several days, and are now beginning to move away from the condition. The OBOS indicator accomplishes this goal.

Positive numbers indicate that the stock is oversold (bullish) while negative numbers signal overbought conditions (bearish). Testing has shown that defensive action is merited whenever the OBOS reaches -3 (overbought) or lower for Long positions and +3 (oversold) or higher for Short positions.