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AFTER MARKET UPDATE - WEDNESDAY, FEBRUARY 13TH, 2019
Previous After Market Report Next After Market Report >>>
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DOW |
+117.51 |
25,543.27 |
+0.46% |
|
Volume |
820,100,740 |
-6% |
|
Volume |
2,079,725,630 |
-2% |
|
NASDAQ |
+5.76 |
7,420.38 |
+0.08% |
|
Advancers |
1,908 |
65% |
|
Advancers |
1,800 |
59% |
|
S&P 500 |
+8.30 |
2,753.03 |
+0.30% |
|
Decliners |
1,035 |
35% |
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Decliners |
1,265 |
41% |
|
Russell 2000 |
+4.71 |
1,542.94 |
+0.31% |
|
52 Wk Highs |
87 |
|
|
52 Wk Highs |
74 |
|
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S&P 600 |
+3.79 |
959.10 |
+0.40% |
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52 Wk Lows |
5 |
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52 Wk Lows |
20 |
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Major Indices Rise With Less Volume and Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher Wednesday. The Dow added 117 points to 25,543 while the S&P 500 rose 8 points to 2,753. The Nasdaq Composite was up 5 points to 7,420. The volume totals were lighter than the prior session on both the NYSE and the Nasdaq exchange. Advancers led decliners by almost a 2-1 margin on the NYSE and by near a 3-2 margin on the Nasdaq exchange. There were 41 high-ranked companies from the Leaders List that made a new 52-week high and were listed on the BreakOuts Page, versus the total of 49 on the prior session. New 52-week highs solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend after recently noted improvements helped to signal a change in market direction (M criteria) back to a bullish stance. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index is challenging above its 200-day moving average (DMA) line, still -8.8% below its record high.
The major averages extended gains as investors remain optimistic that the U.S. and China will agree to a new trade pact. Yesterday, President Trump suggested that he may be willing to extend the March 1st deadline if a structure is in place for a new agreement. On the economic front, an update on inflation showed consumer prices increased 1.6% year-over-year in January. CPI (excluding the volatile energy and food components) notched a 2.2% annualized advance, above the Federal Reserve’s 2% inflation target. A separate release showed mortgage applications dipped 3.7% in the most recent week.
Nine of 11 S&P 500 sectors finished in positive territory with the Utilities and Communication Services the underperforming groups. Energy was up the most, climbing 1.3%, in sympathy with higher oil prices. Consumer Discretionary shares also outperformed as Home Depot (HD +1.56%) rose. Activision Blizzard (ATVI +6.96%) was a notable gainer after the video game developer announced a $1.5 billion share buyback program.
Treasuries were weaker with the yield on the 10-year note up two basis points to 2.70%. In commodities, WTI crude added 1.7% to $53.98/barrel despite a larger than anticipated build-up in U.S. crude stockpiles. COMEX gold gained 0.1% to $1310.80/ounce despite a stronger dollar. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Energy, and Tech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.23%) and the Bank Index ($BKX -0.10%) both posted small losses while the Retail Index ($RLX +0.60%) tallied a modest gain. The tech sector had a positive bias as the Semiconductor Index ($SOX +0.30%), Biotech Index ($BTK +0.58%) and the Networking Index ($NWX +0.77%) each posted small gains. The Oil Services Index ($OSX +1.45%) and the Integrated Oil Index ($XOI +1.03%) both rose, meanwhile the Gold & Silver Index ($XAU -0.33%) again was a clear laggard as it posted a small loss.
Charts courtesy of www.stockcharts.com
 PICTURED: The Biotech Index ($BTK +0.58%) rebounded from its low hit in December and it is consolidating above its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
95.91 |
+1.38 |
+1.46% |
+19.00% |
| Integrated Oil |
$XOI |
1,282.68 |
+13.02 |
+1.03% |
+10.66% |
| Semiconductor |
$SOX |
1,340.71 |
+3.99 |
+0.30% |
+16.06% |
| Networking |
$NWX |
561.21 |
+4.27 |
+0.77% |
+14.84% |
| Broker/Dealer |
$XBD |
262.99 |
-0.60 |
-0.23% |
+10.81% |
| Retail |
$RLX |
2,143.55 |
+12.74 |
+0.60% |
+9.85% |
| Gold & Silver |
$XAU |
74.04 |
-0.24 |
-0.32% |
+4.78% |
| Bank |
$BKX |
98.05 |
-0.10 |
-0.10% |
+14.29% |
| Biotech |
$BTK |
4,897.79 |
+28.20 |
+0.58% |
+16.04% |
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Gap Up and Big Volume Driven Gain for New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
S P S Commerce Inc (SPSC $106.28 +$11.62 or +12.28%) finished in the upper half of its intra-day range after highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in he earlier mid-day report (read here). It hit new 52-week and all-time highs with today's gap up and big gain backed by +430% above average volume triggering a technical buy signal.
The high-ranked Computer Software firm reported earnings +89% on +12% sales revenues for the quarter ended December 31, 2018. The past 5 quarterly earnings comparisons were above the +25% minimum guideline (C criteria). Small downturn in FY '16 earnings was previously noted as a flaw in its annual earnings (A criteria) history.
It completed new Public Offerings on 11/20/13 and 9/06/12. The number of top-rated funds owning its shares rose from 238 in Mar '18 to 403 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. The small supply of 17.7 million shares outstanding (S criteria) can contribute to greater price volatility in the even of institutional buying or selling.
Charts courtesy of www.stockcharts.com
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
MLR
-
NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts
|
$30.23
|
+0.25
0.83% |
$30.49
|
21,565
69.56% of 50 DAV
50 DAV is 31,000
|
$30.84
-1.98%
|
11/30/2018
|
$28.35
|
PP = $29.50
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|
MB = $30.98
|
Most Recent Note - 2/12/2019 6:28:21 PM
Y - Volume totals have been cooling while still holding its ground near its all-time high. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line ($28.28) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Traded Above Pivot Point Recently Without Great Volume - 1/29/2019 |
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C
A
S
I |
NSP
-
NYSE
Insperity Inc
Comml Svcs-Outsourcing
|
$122.26
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-2.06
-1.66% |
$124.90
|
571,278
168.52% of 50 DAV
50 DAV is 339,000
|
$132.50
-7.73%
|
2/11/2019
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$127.91
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PP = $121.25
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MB = $127.31
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Most Recent Note - 2/12/2019 1:58:53 PM
Y - Pulling back abruptly today following a big gain backed by +242% above average volume for a new all-time high as a "breakaway gap" triggered a technical buy signal. Prior highs define initial support to watch. Color code was changed to yellow with new pivot point cited based on its 9/11/18 high plus 10 cents. Reported earnings +25% on +17% sales revenues for the Dec '18 quarter. The past 7 quarterly earnings increases were above the +25% minimum guideline (C criteria). Shares split 2:1 effective 12/19/17. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Big Breakaway Gap Triggered Technical Buy Signal - 2/11/2019 |
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C
A
S
I |
SPSC
-
NASDAQ
S P S Commerce Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$106.28
|
+11.62
12.28% |
$113.31
|
868,271
532.68% of 50 DAV
50 DAV is 163,000
|
$100.68
5.56%
|
2/13/2019
|
$104.30
|
PP = $100.78
|
|
MB = $105.82
|
Most Recent Note - 2/13/2019 5:29:35 PM
Y - Finished in the middle of its intra-day range with a big gain today after highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in the earlier mid-day report. Hit new all-time highs with today's gap up and big gain backed by +430% above average volume triggering a technical buy signal. Reported earnings +89% on +12% sales revenues for the quarter ended December 31, 2018. The past 5 quarterly earnings comparisons were above the +25% minimum guideline (C criteria). Small downturn in FY '16 earnings was previously noted as a flaw in its annual earnings (A criteria) history. Completed new Public Offerings on 11/20/13 and 9/06/12. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gap Up and Big Volume Driven Gain for New High - 2/13/2019 |
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C
A
S
I |
IRBT
-
NASDAQ
Irobot Corp
CONSUMER DURABLES - Electronic Equipment
|
$115.09
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+0.59
0.52% |
$118.00
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1,507,211
194.98% of 50 DAV
50 DAV is 773,000
|
$118.75
-3.08%
|
2/8/2019
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$104.92
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PP = $103.63
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MB = $108.81
|
Most Recent Note - 2/13/2019 12:46:07 PM
G - Challenging its all-time high with today's 6th consecutive volume-driven gain. Color code was changed to green after rallying above its "max buy" level. Prior high ($103) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gains Cleared Prior High After Double Bottom - 2/8/2019 |
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C
A
S
I |
LHCG
-
NASDAQ
L H C Group Inc
HEALTH SERVICES - Home Health Care
|
$110.90
|
+0.24
0.22% |
$111.33
|
239,109
88.56% of 50 DAV
50 DAV is 270,000
|
$112.22
-1.18%
|
1/23/2019
|
$107.29
|
PP = $107.61
|
|
MB = $112.99
|
Most Recent Note - 2/13/2019 5:32:41 PM
Y - Posted a 3rd consecutive gain with below average volume. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Healthcare Services Firm Reached a New High - 1/23/2019 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
ENSG
-
NASDAQ
Ensign Group Inc
HEALTH SERVICES - Long-Term Care Facilities
|
$50.41
|
-0.34
-0.67% |
$51.21
|
297,134
79.87% of 50 DAV
50 DAV is 372,000
|
$51.19
-1.52%
|
2/7/2019
|
$48.71
|
PP = $49.06
|
|
MB = $51.51
|
Most Recent Note - 2/12/2019 1:47:31 PM
Y - Posting another big gain today and hitting a new 52-week high with volume running at an above average pace. Color code was changed to yellow with pivot point cited based on its 12/12/18 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Closed Near Pivot Point After Gap Up and Big Volume-Driven Gain - 2/7/2019 |
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C
A
S
I |
BSTC
-
NASDAQ
Biospecifics Technologie
Medical-Biomed/Biotech
|
$67.94
|
+0.57
0.85% |
$69.33
|
25,817
60.04% of 50 DAV
50 DAV is 43,000
|
$70.25
-3.29%
|
1/18/2019
|
$67.40
|
PP = $66.31
|
|
MB = $69.63
|
Most Recent Note - 2/11/2019 5:24:02 PM
Y - Hovering near its 52-week high. Thinly-traded Biomed/Biotech firm held its ground after a gain above its pivot point on 2/04/19 backed by +148% above average volume triggered a technical buy signal.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Hitting a New High - 2/5/2019 |
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C
A
S
I |
UBNT
-
NASDAQ
Ubiquiti Networks
TELECOMMUNICATIONS - Diversified Communication Serv
|
$133.51
|
+4.15
3.21% |
$133.88
|
481,870
123.56% of 50 DAV
50 DAV is 390,000
|
$130.66
2.18%
|
2/8/2019
|
$121.97
|
PP = $115.54
|
|
MB = $121.32
|
Most Recent Note - 2/11/2019 1:13:04 PM
G - Color code is changed to green after rallying above its "max buy" level. It was highlighted in yellow with new pivot point cited based on its 12/12/18 high plus 10 cents as its gapped up hitting a new all-time high on the prior session. Bullish action came after it reported earnings +75% on +23% sales revenues for the Dec '18 quarter.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 1/31/2019 |
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C
A
S
I |
NOW
-
NYSE
Servicenow Inc
Computer Sftwr-Enterprse
|
$231.97
|
-2.68
-1.14% |
$237.49
|
1,674,078
72.50% of 50 DAV
50 DAV is 2,309,000
|
$236.81
-2.04%
|
1/31/2019
|
$218.14
|
PP = $206.40
|
|
MB = $216.72
|
Most Recent Note - 2/12/2019 6:27:03 PM
G - Stubbornly held its ground and rallied further above its "max buy" level for yet another new all-time high. Prior high ($206) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Followed Strong Earnings Report - 2/1/2019 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$173.06
|
-0.28
-0.16% |
$175.28
|
613,252
95.37% of 50 DAV
50 DAV is 643,000
|
$179.22
-3.44%
|
2/6/2019
|
$171.66
|
PP = $164.18
|
|
MB = $172.39
|
Most Recent Note - 2/11/2019 1:04:51 PM
G - Perched at its all-time high. Color code was changed to green after rising above its "max buy" level. Prior high ($164) defines initial support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed by Volume +388% Above Average - 2/6/2019 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
PYPL
-
NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr
|
$94.01
|
-0.37
-0.39% |
$96.04
|
7,943,550
86.30% of 50 DAV
50 DAV is 9,205,000
|
$94.58
-0.60%
|
1/24/2019
|
$92.56
|
PP = $93.80
|
|
MB = $98.49
|
Most Recent Note - 2/11/2019 5:19:53 PM
Y - Posted a small gain today on light volume. Reported +25% earnings on +13% sales revenues for the Dec '18 quarter. Disciplined investors note that the recent gains above the pivot point lacked the +40% above average volume needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of High Ahead of Earnings News - 1/24/2019 |
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C
A
S
I |
ALRM
-
NASDAQ
Alarm.com Holdings Inc
Security/Sfty
|
$64.74
|
+0.28
0.43% |
$64.95
|
244,813
45.76% of 50 DAV
50 DAV is 535,000
|
$65.58
-1.28%
|
1/22/2019
|
$60.52
|
PP = $60.30
|
|
MB = $63.32
|
Most Recent Note - 2/13/2019 5:31:27 PM
G - Volume totals have been cooling while stubbornly holding its ground perched near its all-time high. Prior highs in the $60 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Broke Steak of Gains and Reversed From New High - 1/22/2019 |
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C
A
S
I |
PLNT
-
NYSE
Planet Fitness Inc Cl A
Leisure-Services
|
$58.43
|
-0.43
-0.73% |
$59.41
|
654,272
51.64% of 50 DAV
50 DAV is 1,267,000
|
$59.91
-2.47%
|
11/7/2018
|
$57.10
|
PP = $55.45
|
|
MB = $58.22
|
Most Recent Note - 2/11/2019 5:18:54 PM
Y - Color code is changed to yellow while quietly consolidating just below its "max buy" level. Its 50 DMA line ($55.85) defines important near-term support to watch above the recent low ($48).
>>> FEATURED STOCK ARTICLE : Hovering in a Tight Range Near All-Time High - 1/25/2019 |
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C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
|
$105.25
|
-0.87
-0.82% |
$107.20
|
1,131,450
63.71% of 50 DAV
50 DAV is 1,776,000
|
$106.59
-1.26%
|
1/7/2019
|
$94.68
|
PP = $98.31
|
|
MB = $103.23
|
Most Recent Note - 2/11/2019 5:21:47 PM
G - Quiet gain today hit another new all-time high. Recent gains have lacked great volume conviction. Gains and a strong close above the pivot point backed by at least +40% above average volume are needed to clinch a proper technical buy signal. Its 50 DMA line ($90.34) and prior low define near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume Light While Hovering Near High - 1/28/2019 |
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C
A
S
I |
TTD
-
NASDAQ
The Trade Desk Inc Cl A
Comml Svcs-Advertising
|
$151.34
|
-1.64
-1.07% |
$156.58
|
1,058,752
97.85% of 50 DAV
50 DAV is 1,082,000
|
$161.50
-6.29%
|
2/6/2019
|
$148.65
|
PP = $149.00
|
|
MB = $156.45
|
Most Recent Note - 2/12/2019 6:30:15 PM
Y - Posted a 3rd consecutive gain today with lighter than average volume. Faces little resistance due to overhead supply up to the $161 level. Gain on 2/04/19 was backed by +48% above average volume while clearing a "double bottom" base. Reported earnings +86% on +50% sales revenues for the Sep '18 quarter. Three of the past 4 quarterly comparisons were well above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Near High After Third Consecutive Gain with Light Volume - 2/12/2019 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
MEDP
-
NASDAQ
Medpace Holdings Inc
Medical-Research Eqp/Svc
|
$67.09
|
+2.66
4.13% |
$67.18
|
615,407
78.30% of 50 DAV
50 DAV is 786,000
|
$69.71
-3.76%
|
1/30/2019
|
$64.10
|
PP = $65.19
|
|
MB = $68.45
|
Most Recent Note - 2/13/2019 5:34:49 PM
Y - Posted a 2nd big gain today with below average volume for its second-best close ever. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. The 200 DMA line acted as support above the prior low and it has rebounded since dropped from the Featured Stocks list on 12/19/18.
>>> FEATURED STOCK ARTICLE : Rallied Near 52-Week High With a Volume-Driven Gain - 1/30/2019 |
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A
S
I |
|
|
|
THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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You may opt-out of receiving report notifications
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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