Above 50-day EMA Percent
This percentage tells an internal strength of a stock group. It is calculated by the number of stocks closing above 50-day EMA in a sector or an industry group divided by the overall number of stocks in that group, then multiplied by 100.

Action Bar
Located under the Area headers; the row of that provides links to functionality for the area that you are in.
(See: 3-Point View Page)

Beta
Beta is a measure of a company's common stock price volatility relative to the market. Here, beta is the slope of the 60 month regression line of the percentage price change of the stock relative to the percentage price change of the S&P 500. Beta values are not calculated if less than 24 months of pricing is available.

Bollinger Bands
Consists of a centerline and a set of channel lines. The center is an n-interval exponential moving average. The channel lines are placed n-standard deviations above and below the centerline. Since standard deviations are a measure of volatility, the bands are self-adjusting: widening during volatile price action and contracting during tighter trading ranges. Sharp price action is traditionally expected to follow a tight narrowing of the Bollinger Bands.

Book Value
Total shareholder's equity minus preferred stock and redeemable preferred stock.

Bullish
Used to describe an optimistic sentiment toward an issue, an index, or the market in general; a bullish sentiment reflects a belief that prices will tend to rise.

Capital Spending 5 Year Growth
Compound annual growth rate of capital spending over the last 5 years. Capital spending is the sum of the capital expenditure items found on the statement of cash flows.

Cash Per Share
Total cash plus short term investments divided by the shares outstanding at the end of the most recent fiscal quarter.

Community Favorite
A "Community Favorite" is one of the two stocks most recommended by ClearStation members in the last three days. Community Favorites are updated throughout the day.

Cost
The total amount of a trade transaction; the sum of transaction costs plus the cost of the security.
(See: Portfolio)

Crossover
The point on a graph where two or more lines intersect; usually indicates a price action event.

Covering Shorts
To close a short position; to buy back a security previously sold to replace the brokerage's supply.
(See: Short Sale)

Current Ratio
Current assets divided by current liabilities; measures a company's ability to meet its current financial obligations with current assets.

Customize
An area accessible from the top line of the nav bar; used to set attributes that personalize your ClearStation experience, including password changes, email, and graph options.
(See: Area)

Diluted
Diluted shares is the number of shares of common stock that would be outstanding if all convertible securities were converted to common.

Directional Movement Indicator
Helps determine if a security is trending. When the +DI rises above the -DI, it can indicate an uptrend. When the +DI crosses below the -DI, it can indicate a downtrend.
(See: Trending)

Dividend Rate
Total of the expected dividends for the next 12 months; typically, the most recent cash dividend paid or declared multiplied by the dividend payment frequency, plus any recurring extra dividends.

Dividend 5-Year Growth Rate
The compound annual growth rate of cash dividends per common share of stock over the last 5 years.

Dividend Percent Change Year over Year
Percent change in annual dividend per share as compared to the same period one year ago.

Dividend Yield
Current percentage dividend yield based on the present cash dividend rate. It is calculated as the indicated annual dividend divided by the current price, multiplied by 100.

Dividend Yield (5 Year Average)
Average of the dividend yield over the last 60 months.

Donchian Channels

Donchian Channels, developed by technical analysis pioneer Richard Donchian, are 5- and 20-day moving averages. They plot the highest high and lowest low over the last X time intervals. The futures industry widely uses 20-day low and high levels as support and resistance. A simple trading system is to buy a breakout above a 20-day high and sell short a breakdown below a 20-day low. 5-day low and 5-day high levels are often used to stop long positions and short positions respectively.

Downtrend
When the price of a stock or index experiences a series of declining peaks and troughs (lower highs and lower lows), it is said to be in a downtrend.

Earnings Per Share
Portion of a company's profit allocated to each outstanding share of common stock.

EPS 5 Year Growth Compound annual growth rate of earnings per share excluding extraordinary items and discontinued operations over the last 5 years.

EPS MRQ vs 1st Q 1 Year Ago Compares earnings per share for the most recent quarter to earnings per share for the 1st quarter of the last year.

EPS Percent Change Year over Year Percent change in annual EPS as compared to the same period one year ago.

Earnings Surprise
Stocks whose earnings are exceding or falling short of market expectations.

For the latest list of all the stocks in the NYSE, Nasdaq, Amex and BB exchanges which have undergone a positive earnings surprise today, check out Tag & Bag.

EBITD Margin
Earnings before interest, taxes and depreciation (for the last twelve months) expressed as a percent of trailing twelve month total revenue.

EBITD (5 Year Average)
Average of values of annual EBITD margins for five most recent fiscal years.

Effective Tax Rate
Tax paid divided by taxable income for a given year.

Effective Tax Rate (5 Year Avg.) Calculated by first determining the effective tax rate for the 5 most recent fiscal years and averaging the values.

Estimated 1-Year EPS Growth Rate (%)This is an estimated annual growth rate of a company in the short to middle term. It is an average of analysts' growth rate estimates of next fiscal year.

Estimated 1-Year EPS Revision (%)This percentage compares current average of analysts' 1-year EPS estimates with the same average four weeks ago. It is calculated as the current average of analysts' 1-year EPS estimates divided by the average estimate four weeks ago, then multiplied by 100.

Exchange Traded Group Funds
These types of funds trade a basket of stocks with similar industrial backgrounds in a single transaction. They are very good underlying tools to trade based on groups.

EMA
Exponential moving average; a moving average that gives weight to the latest data points, thereby responding more quickly to recent trends. For more information on EMAs, check out Education.

Favorite Long
Favorite Long stocks are ClearStation Members' most popular Long Recommendations.

Float
The number of freely traded shares in the hands of the public; float is calculated as shares outstanding minus shares owned by insiders, 5% owners, and Rule 144 shares.

Focus
An area (accessible on the main line of the nav bar) that displays a customized view of the activity and events for stocks in a Portfolio or Watch List; provides market action information and highlights from Markets, Tag & Bag, and Education.
(See: Area)

Gap Down
A gap down occurs when the opening price of a stock is below the lowest price of previous day, leaving an open space on the chart that is not filled during the day. In other words, today's high is lower than previous day's low.

For the latest list of all the Gaps Down in the NYSE, Nasdaq, Amex and BB exchanges, visit Tag & Bag.

Gap Up
A gap up occurs when the opening price of a stock is above the highest price of previous day, leaving an open space on the chart that is not filled during the day. In other words, today's low is higher than previous day's high.

For the latest list of all the Gaps Up in the NYSE, Nasdaq, Amex and BB exchanges, visit Tag & Bag.

Go-Box
ClearStation's Go-Box appears at the top of every page and allows you to enter up to five stock symbols that you'd like to research. A pull-down menu lets you navigate directly to the 3-Point View Page, the Member Discussion, News Articles, the Interactive Graph Tool, or other information pages for the stock(s) you entered in the Go-Box.

Going Long
Taking a long position, or buying a security, on the expectation that the price will rise.
(See: Long Position)

Going Short
Taking a short position, or executing a short sale on a security, on the expectation that a stock price will decline.
(See: Short Position)

Gross Margin
The percentage of each revenue dollar left over after deducting the direct costs of producing the goods or services.

Gross Margin (5 Year Avg)
Calculated by first determining the Gross Margin for each of the 5 most recent fiscal years and then averaging the values. Gross Margin is total revenue minus cost of goods sold divided by total revenue and is expressed as a percentage.

Held By Institutions (%)
This is the percent of common stock held by all the reporting institutions as a group. It is calculated as total shares owned by institutions divided by total shares outstanding. Then multiplied by 100 .

Industries
Stocks share similar business backgrounds tend to move together. ClearStation classify major exchange-traded active stocks into sectors and industries to compare and monitor them as groups. In each sector, industries classify the business perspectives of stocks into next level of details and group stocks at a sub-level.

Insider Buy Transactions, 6 Month
Number of officers and directors that purchased their company's common stock in the last six months.

Insider Net Shares Purchased (millions)
Net difference between the number of shares of company stock purchased by officers and directors and the number of shares sold by officers and directors during the preceding six months.

Insider Net Trades, 6 Month
Net difference between the number of officers and directors that purchased the company's stock and the number of officers and directors that sold the company's stock in the last six months.

Insider Sell Transactions, 6 Month
Number of officers and directors that sold the company's stock in the last six months.

Insider Shares Purchased (millions)
Number of shares of company stock purchased by officers and directors in the last six months.

Insider Shares Sold (millions)
Number of shares of company stock sold by officers and directors in the last six months.

Institutional Number of Shares Owned (millions)
Total number of shares held by all institutions (pension funds, mutual funds, etc.) that report their holdings to the SEC.

Institutional Shares Purchased, 3 Month (millions)
Number of shares of company stock purchased by institutions in the latest quarter reported by each institution.

Institutional Shares Purchased, 3 Month Net (millions)
Net number of shares of company stock purchased by institutions in the latest quarter reported by each institution.

Institutional Sales Sold, 3 Month (millions)
Number of shares of company stock sold by institutions in the latest quarter reported by each institution.

Interactive Graph Tool
ClearStation's powerful, flexible charting tool, the IGT, lets you choose varying time periods from intraday to 10 years, compare stocks and indices, and view additional indicators including DMI, Momentum, OBV, RSI, Williams %R, Bollinger Bands, Parabolic SAR and EMAs ranging from 5 to 200.

Interest Coverage
The ratio of earnings before interest and taxes for the trailing twelve months divided by the trailing twelve month interest expense.

Inventory Turnover
Cost of goods sold for the trailing twelve months divided by average inventory. Average Inventory is calculated by adding the inventory for the 5 most recent quarters and dividing by 5. This value measures how quickly the inventory is sold.

IPO
Initial public offering; the first time a stock is traded in the public market.

Issue
Security distributed to the public.

Last Analyst Rating
It is the latest analyst rating from Upgrade, Downgrade or Initiation.

Last Price
It is the latest stock quote that we have received. The data is updated during a trading session.

Last Split Date
Date of stock's most recent split.
(See: Splits)

Last Split Factor
Factor by which a stock most recently split.
(See: Splits)

Limit Order
A type of execution order that is fulfilled by your brokerage; to execute an order at a specified price (if that price condition is not met, then no trade will occur).

Long Close
The money that one made or lost as the result of taking a long position.
(See: Portfolio)

Long Performance
The amount of money that would be made or lost on a long position, were it to be closed immediately.
(See: Portfolio)

Long Position
Ownership of a security and its presence in a portfolio; includes all aspects of ownership (such as the right to transfer ownership by sale or gift, the right to receive any income paid by the security, and the right to any profits or losses as the security's value changes).
(See: Portfolio)

Long Recommendation
A suggestion to buy a stock on the belief that the price of the issue will rise.
(See: Recommend)

Long Term Debt/Equity Ratio
Compares a company's capital base to its debt.

MACD
Moving average convergence-divergence, a technical analysis indicator based on the interaction of a long-term moving average and a short-term moving average, consists of two lines. The fast line is the difference between two moving averages (drawn in red on ClearStation graphs), and the slow line is a smoothing (or rate of change) of the fast line. (The slow line is drawn in blue on ClearStation graphs.) The crossover of the two lines may produce bullish and bearish trending signals. For more information on MACD, check out Education.
(See: Moving Average, Bullish, and Bearish)

MACD-Bearish ("Trending Lower")
MACD, or Moving Average Convergence-Divergence, is a trending indicator based on the interaction of a long-term moving average and a short-term moving average. It consists of two lines: the fast line (red on ClearStation graphs) and the slow line (blue on ClearStation graphs). If the fast line crosses below the slow line while both lines are below the centerline, a bearish signal is issued. The stock is said to have "gone MACD red," is in a downtrend, and is likely to fall in price.

For the latest list of all the stocks in the NYSE, Nasdaq, Amex and BB exchanges which are entering a MACD - Bearish condition, check out Tag & Bag.

To learn more about MACD and other trending indicators, visit ClearStation's Education area.

MACD-Bullish ("Trending Higher")
MACD, or Moving Average Convergence-Divergence, is a trending indicator based on the interaction of a long-term moving average and a short-term moving average. It consists of two lines: the fast line (red on ClearStation graphs) and the slow line (blue on ClearStation graphs). If the fast line crosses above the slow line while both lines are above the centerline, a bullish signal is issued. The stock is said to have "gone MACD green," is in an uptrend, and is likely to rise in price.

For the latest list of all the stocks in the NYSE, Nasdaq, Amex and BB exchanges which have are entering a MACD - Bullish condition, check out Tag & Bag.

To learn more about MACD and other trending indicators, visit ClearStation's Education area.

MACD Histogram
The difference between the MACD fast line, in red, and the MACD signal line, in blue; the MACD histogram makes it easier to visually identify changes in the relationship between the MACD lines. For more information, check out Education.
(See: Moving Average, Bullish, and Bearish)

Main Line
The bottom line of the ClearStation nav bar; includes Focus, Portfolio, Watch List, Tag & Bag, Recommend, Education, Markets, and Trade.

Market Capitalization
Number of outstanding shares multiplied by the current market price of a share; value of a corporation as determined by the market price of its stock.

Market Order
To execute an order at the current bid or ask price on the exchange; a type of execution order that is fulfilled by your brokerage.

Markets
Accessed on the main line of the nav bar; provides market news and a concise overview of the broad market indices.
(See: Area)

Member Recommendation
The A-List's "Member Recommendation" is the stock most recently posted to the Recommend area by a ClearStation member. This pick is updated throughout the day.

Percentage Growth in Dividend
Compound annual growth rate in cash dividends per share of common stock over the last 3 years.

Percentage Growth in Earnings per Share
Compound annual growth rate of earnings per share excluding extraordinary items and discontinued operations over the last 1, 3 or 5 years.

Percentage Growth in Sales
Percent change in annual sales as compared to the same period one year ago.

Percentage Off High
The difference of the last price of a stock from its historical price high.

Percentage of Winning Trades
Percentage of winning trades based on performance of all open recommendations as well as all recommendations closed in the last three months.
(See: Recommend)

Portfolio
An area (accessed on the main line of the nav bar) which allows members to maintain a history of the performance of stocks in their portfolios by day, week, and month.
(See: Earnings Per Share)

Position Size
The number of shares you own in any stock.

Price/Book Value
Compares a stock's price to its book value per share. (See: Book Value)

Price Percentage Change (TTM)
Net rise or fall of the price of a stock for the preceding twelve months, expressed as a percentage.

Price/Free Cash/Share
Current price divided by the trailing twelve month free cash flow per share. Free cash flow is calculated from the Statement of Cash Flows as cash from operations minus capital expenditures and dividends paid.

Price/Earnings Ratio
Price of a stock divided by its earnings per share.

Price/Sales
Current price divided by the sales per share for the trailing twelve months. If there is a preliminary earnings announcement for a quarter that has recently ended, the revenue (sales) values from this announcement will be used in calculating the trailing twelve month revenue per share.

Privacy
All personal data such as portfolio positions and performance and Watch List selections are private and password protected; all data is stored in a highly secure Sybase database behind an SSL Internet firewall. For more information, check out ClearStation's Privacy Statement.

Pull-Down Menu
The Pull-Down Menu lets you maximize the 3-Point Investing strategy right from the front door. Whether you are looking for a simple price quote, want to view messages from the ClearStation Community or would like to read analyst reports, you can use the Pull-Down Menu to navigate directly there. (See: Go-Box)

Quick Ratio
Cash plus Short Term Investments plus Accounts Receivable for the most recent fiscal quarter divided by the Total Current Liabilities for the same period.

Rank Group (Industry or Sector)
It is a price performance rank based on each group's price percentage change for a period of time. ClearStation uses 13-week price percentage changes to rank among sectors or industry groups. The group with highest percentage change is ranked 1, the next is ranked 2, etc.

RS Rating
This is a Percentile that compares the price changes of a stock with all stocks trading on exchanges and ranges from 1 to 99, with 99 = Best. ClearStation uses 13-week price percentage changes to rank exchange-traded stocks and rate a stock based on the percentage of stocks it over performs. For example, a 78 rating means that the stock's last 13-week price change is higher than 78% of stocks.

Receivable Turnover
Total revenue for the trailing twelve months divided by average accounts receivables. Average receivables is calculated by adding the accounts receivables for the 5 most recent quarters and dividing by 5.

Recommend
An area accessed on the main line of the nav bar; contains a listing of performance-ranked portfolios for members who have chosen to participate in this area. For more information, check out Help.
(See: Area)

Resistance Line
A level beyond which a stock's price cannot seem to rise; acts as a ceiling over the price, and can cause the price of the stock to fall after hitting it. For more information, check out Education.
(See: Annotate)

Retracement
A reversal (or correction) in the price trend of a stock (common after severe and consistent changes in a stock's price).

Revenue/Employee
A company's total revenue, divided by number of employees.

Revenue Percent Change Year over Year
Percent change in annual revenue as compared to the same period one year ago.

ROA (5 Year Average)
Return on assets; calculated by first determining the annual return on assets for each of the 5 most recent years and then averaging the resulting values.

ROA (TTM)
Return on assets; income after taxes for the trailing twelve months divided by the average total assets, expressed as a percentage. Average total assets is calculated by adding the total assets for the 5 most recent quarters and dividing by 5.

ROE (5 Year Average)
Return on equity; calculated by first determining the annual return on average common equity for each of the 5 most recent years and then averaging the resulting values.

ROE (TTM)
Return on equity; income available to common stockholders for the trailing twelve months divided by the common equity and is expressed as a percentage. Average common equity is calculated by adding the common equity for the 5 most recent quarters and dividing average by 5.

ROI (5 Year Average)
Return on investments; calculated by first determining the annual return on investment for each of the most recent fiscal years and then averaging the values. The return on investment is the annual income after taxes divided by the average total long term debt, other long term liabilities and shareholders equity and expressed as a percentage.

ROI (TTM)
Return on investments; trailing twelve month income after taxes divided by the average total long term debt, other long term liabilities and shareholders equity, and expressed as a percentage.

RSI
A momentum indicator or oscillator that measures the relative internal strength of a stock against itself. A popular method of interpreting RSI is looking for a divergence opposite to the prevailing trend. If a stock is in an uptrend and continually reaching new highs, but RSI is nosing its way down, a trend reversal could be in the offing.
(See: Momentum, Trending, and Oscillate)

Sales 5 Year Growth
Compound annual growth rate of sales over the last 5 years.

Sales MRQ vs 1st Q 1 Year Ago Most recent quarterly sales minus the sales for the 1st quarter of the last year divided by the sales for the 1st quarter of the last year and multiplied by 100.

Sales 12M MA vs 1 Year Ago Sales 12 month moving average compared to the sales 12 month moving average from the previous year.

Schedule D
A tax-filing aid that describes the complete listing of trading activity for a tax year.

Sectors
Stocks share similar business backgrounds tend to move together. ClearStation classify major exchange-traded active stocks into sectors and industries to compare and monitor them as groups. Sectors broadly classify stocks based on major business categories and group them together at a top level.

Shares Outstanding
All shares of a corporation which have been issued.

Shares Sold (mil)
Average monthly volume of shares sold short, in millions.

Short Close
The money made or lost as the result of taking a short position.
(See: Short Sale and Portfolio)

Short Interest, Current Month (millions)
Total number of shares borrowed by investors for sale (sold short), but not yet repurchased to close out short positions.

Short Interest Percentage Change
One month percentage change in short interest.

Short Interest Percentage Float
Percentage of the total float represented by short interest.

Short Interest Shares (mil)
Average daily volume of short interest (in millions).

Short Performance
The amount of money that would be made or lost on a short position, were you to cover the position immediately.
(See: Short Sale and Portfolio)

Short Position
Selling a stock by borrowing shares owned by your broker and buying them at a later date on the belief that the price will fall.
(See: Short Sale and Portfolio)

Short Ratio
Number of days it would take to cover the short interest if trading continued at the average daily volume for the month. It is calculated as the short interest for the current month divided by the average daily volume.

Short Recommendation
A suggestion to short a stock on the belief that the price of the issue will decline.
(See: Short Sale and Recommend)

Short Sale
A way to make money on a stock whose price is going down; to sell the stock by borrowing shares owned by your broker and buying them at a later date on the belief that the price will fall.

Signaling Message
Describes the technical analysis price event that triggered a price condition such as a "Price High" or "Trending Up."

Split
An increase in a corporation's outstanding shares that decreases the par value of its stocks. The maket value of the total number of shares remains the same, and there is no change in individual shareholders' equity.

Symbol Entry Box
ClearStation's symbol entry box, known as the Go-Box, appears at the top of every page and allows you to enter up to five stock symbols that you'd like to research. A pull-down menu lets you navigate directly to the 3-Point View Page, the Member Discussion, News Articles, the Interactive Graph Tool, or other information pages for the stock(s) you entered in the Go-Box.

3-Point View Page
The page dedicated to the details of an individual stock; includes relevant data and graphs, a full Action Bar, positions held in the issue (if any), and links to other areas in the site that have information relevant to that issue.
(See: Action Bar)

Top Community Pick
Stocks listed as "Top Community Pick" are the highest-performing member picks (by % gain) made in the last two days. Stocks must be trading over $10 per share to qualify. These picks are updated throughout the day.

Want to see your pick make the A-List? Start a Recommend portfolio of your own.

Top Line
The first line on the ClearStation nav bar; includes 3-Point Investing, Customize, About Us, Login, Join, Help, and Tour.

Total Debt/Equity Ratio
Total Debt for the most recent fiscal quarter by Total Shareholder Equity for the same period.

Total Shares Held
Total number of shares of a stock held by institutional investors, in millions.

Trending
When prices tend to keep consistently rising or falling over time, the price (and that stock) is said to be trending.
(See: Uptrend and Downtrend)

Trends
Demonstrated and consistent changes (up- or downwards) in price or indicator levels.

Trend Lines
Straight lines drawn on graphs to mark support or resistance levels or trends. For more information, check out Education.
(See: Annotate)

TTM
Trailing twelve-month.

Uptrend
When the price of a stock or index experiences a series of higher peaks and troughs (higher highs and higher lows), it is said to be in an uprend.

3-Point View Vol % Change
This is a volume percentage change between the end-of-day last quoted volume and the volume in previous session. It is calculated as Today's volume minus Previous Day's volume divided by the Previous Day's volume times 100. This is updated at the close of market.

Tag & Bag Vol % Change
This is a volume percentage change between the volume in the previous session and the average volume. It is calculated as Previous Day's volume minus average volume divided by the average volume times 100. This is updated at the close of market.

Vol % Change, Sector and Industry Group
This is a sector or industry aggregate volume percentage change between latest close and previous close. It is only calculated and updated after market close.

Watch List
Accessible on the main line of the nav bar; a portfolio to which stock ideas (and their sources) can be added from anywhere on the site.
(See: Area)

Williams %R
A momentum indicator that measures overbought/oversold levels. Similar to stochastic, Williams %R indicates an oversold condition when below the lower 20% line and an overbought condition above the upper 80% line.
(See: Stochastic, Overbought, and Oversold)

Y
Short for year.

Yield
Percentage rate of return paid on a stock in dividends.

13-Week Change vs. S&P (%)
This percentage measures the relative performance between a stock (or a stock group) and S&P 500 index. It is calculated as the 13-week price percentage change of a stock or a stock group divided by the 13-week S&P 500 price percentage change, then multiplied by 100.

50-day EMA cross above 13-day EMA
The slow moving average line (50-day) rising above the fast moving average line (13-day); a signal for a possible downtrend. For more information, check out Education.
(See: Tag & Bag)

50-day EMA cross below 13-day EMA
The slow moving average line (50-day) rising below the fast moving average line (13-day).

52-week High
The highest price ever traded for the last 52 weeks.

52-week Low
The lowest price ever traded for the last 52 weeks.
(See: Tag & Bag)