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AFTER MARKET UPDATE - TUESDAY, APRIL 13TH, 2021
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DOW |
-68.13 |
33,677.27 |
-0.20% |
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Volume |
796,267,228 |
+1% |
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Volume |
4,192,667,800 |
-1% |
NASDAQ |
+147.62 |
13,997.62 |
+1.07% |
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Advancers |
1,586 |
49% |
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Advancers |
1,865 |
46% |
S&P 500 |
+13.60 |
4,141.59 |
+0.33% |
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Decliners |
1,668 |
51% |
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Decliners |
2,187 |
54% |
Russell 2000 |
-4.86 |
2,228.92 |
-0.22% |
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52 Wk Highs |
239 |
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52 Wk Highs |
143 |
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S&P 600 |
-8.64 |
1,326.75 |
-0.65% |
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52 Wk Lows |
16 |
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52 Wk Lows |
77 |
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Dow Lagged Other Indices Amid JNJ Vax Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 rose 0.3% to a fresh all-time high, while the Nasdaq Composite rallied 1.1%, ending within 0.7% of its February 12 peak. The mega-cap Nasdaq 100 climbed 1.2% to close at a fresh record level. Meanwhile, the Dow fell 68 points. The volume totals were mixed, higher than the prior session on the NYSE, and lighter on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE on the Nasdaq exchange. There were 46 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 60 on the prior session. New 52-week highs totals contracted yet still outnumbered new 52-week lows on the NYSE on the Nasdaq exchange. The major indices (M criteria) are in a confirmed uptrend. Investors are reminded to always make buying and selling decisions on case-by-case basis under the strict criteria and rules of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average is perched near its record high.
U.S. stocks were mixed on Tuesday as investors digested an update on consumer price inflation and COVID-19 vaccine developments. Shares of Johnson and Johnson (JNJ -1.34%) fell after the FDA advised a temporary halt in the use of the drug maker's coronavirus vaccine following cases of blood clotting in some patients.
On the data front, headline CPI rose 0.6% in March, with a jump in gasoline prices accounting for nearly half the increase. This was the largest uptick since 2012 and compared to estimates for a 0.5% gain. Year-over-year, CPI climbed 2.6%, only slightly above expectations of a 2.5% annualized advance. Treasuries strengthened following the relatively in-line inflation report. Additionally, solid demand for a $24 billion auction in 30-year bonds provided another tailwind to bond prices. The yield on the benchmark 10-year note fell five basis points to 1.62%.
Seven of 11 S&P 500 sectors finished in positive territory, with Utilities pacing the gains. Consumer Discretionary shares also outperformed, with Tesla (TSLA +8.60%) rallying above its 50 DMA line. Financials bucked the uptrend, ahead of first-quarter earnings results of some of Wall Street’s biggest banks before the opening bell tomorrow. In commodities, WTI crude advanced 1.2% to $60.43/barrel after OPEC lifted its demand growth forecast for the year. COMEX gold rose 0.7% to $1,744.00/ounce amid a weaker dollar.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Biotech, Networking and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.25%) edged higher but the Bank Index ($BKX -1.63%) and Broker/Dealer Index ($XBD -0.96%) both created a drag on the major averages. The Biotech Index ($BTK +0.85%) and Networking Index ($NWX +0.41%) led the tech sector while the Semiconductor Index ($SOX -0.18%) edged lower. Commodity-linked groups were mixed as the Oil Services Index ($OSX -1.13%) slumped and the Integrated Oil Index ($XOI +0.09%) finished flat while the Gold & Silver Index ($XAU +1.56%) rose. PICTURED: The Biotech Index ($BTK +0.85%) met resistance at its 200-day moving average (DMA) line when recently trying to rebound.
Oil Services |
$OSX |
50.84 |
-0.58 |
-1.13% |
+14.69% |
Integrated Oil |
$XOI |
988.28 |
+0.92 |
+0.09% |
+24.71% |
Semiconductor |
$SOX |
3,252.62 |
-5.71 |
-0.18% |
+16.35% |
Networking |
$NWX |
810.27 |
+3.27 |
+0.41% |
+12.99% |
Broker/Dealer |
$XBD |
455.22 |
-4.39 |
-0.96% |
+20.56% |
Retail |
$RLX |
3,922.06 |
+9.92 |
+0.25% |
+10.07% |
Gold & Silver |
$XAU |
143.01 |
+2.20 |
+1.56% |
-0.82% |
Bank |
$BKX |
121.99 |
-2.02 |
-1.63% |
+24.60% |
Biotech |
$BTK |
5,430.80 |
+45.70 |
+0.85% |
-5.37% |
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50-Day Moving Average Line Acted as Resistance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Flagstar Bancorp Inc (FBC -$0.85 or -1.89% to $44.10) is still sputtering below its 50-day moving average (DMA) line ($45.63) which has acted as resistance in recent weeks. Near-term support to watch is prior lows. Its current Relative Strength Rating is 75, below the 80+ minimum guideline.
FBC produced a spurt of gains that triggered a technical buy signal after it was highlighted in yellow with pivot point cited based on its 1/26/21 high plus 10 cents in the 3/04/21 mid-day report (read here). It was last shown in this FSU section on 3/22/21 with an annotated graph under the headline, "Slumping Into Prior Base Following Breakout".
The high-ranked BANKING - Savings and Loans firm reported very strong quarterly earnings results through Dec '20 well above the +25% minimum (C criteria). Annual earnings history has been good. The number of top-rated funds that own its shares rose from 395 in Mar '20 to 442 in Dec '20, a reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days.
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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 |
FBC
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NYSE
Flagstar Bancorp Inc
BANKING - Savings and Loans
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$44.10
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-0.85
-1.89% |
$44.95
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930,997 154.09% of 50 DAV
50 DAV is 604,200
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$51.58 -14.50%
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3/4/2021
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$47.26
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PP = $48.02
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MB = $50.42
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Most Recent Note - 4/13/2021 5:42:02 PM
G - Still sputtering just below its 50 DMA line ($45.63) which has acted as resistance in recent weeks. Near-term support to watch is prior lows. Relative Strength Rating is 75, below the 80+ minimum guideline. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Acted as Resistance - 4/13/2021 |
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C
A
S
I |
CRL
-
NYSE
Charles River Labs Intl
DRUGS - Biotechnology
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$309.82
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+4.59
1.50% |
$309.99
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273,399 84.91% of 50 DAV
50 DAV is 322,000
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$307.44 0.77%
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12/17/2020
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$247.06
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PP = $257.98
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MB = $270.88
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Most Recent Note - 4/9/2021 5:35:26 PM
G - Posted a quiet gain today for a best-ever close, its 7th gain in 8 sessions. Its 50 DMA line ($284) acted as support throughout its ongoing ascent. Its Relative Strength Rating is 77, below the 80+ minimum guideline for buy candidates. Dec '20 quarterly earnings rose +19% on +14% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched at Record High After Rally From 50-Day Moving Average - 4/9/2021 |
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C
A
S
I |
BRKS
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NASDAQ
Brooks Automation
ELECTRONICS - Semiconductor Equipment and Mate
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$96.74
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+1.34
1.40% |
$98.90
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594,419 84.31% of 50 DAV
50 DAV is 705,000
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$101.63 -4.81%
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4/5/2021
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$99.31
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PP = $91.88
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MB = $96.47
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Most Recent Note - 4/9/2021 5:38:09 PM
Y - Color code is changed to yellow after quietly consolidating back below its "max buy" level. Prior highs in the $91 area define initial support to watch above its 50 DMA line ($84)
>>> FEATURED STOCK ARTICLE : High Ranked Semiconductor Equipment Firm Powered Higher - 4/7/2021 |
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C
A
S
I |
ENTG
-
NASDAQ
Entegris Inc
ELECTRONICS - Semiconductor Equipment and Mate
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$118.31
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-1.39
-1.16% |
$121.33
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983,258 101.47% of 50 DAV
50 DAV is 969,000
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$126.41 -6.41%
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4/1/2021
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$118.42
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PP = $110.37
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MB = $115.89
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Most Recent Note - 4/13/2021 5:46:21 PM
G - Still hovering near its all-time high and stubbornly holding its ground following a noted spurt of volume-driven gains. Prior highs in the $114-110 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strong Breakout Action With +67% Above Average Volume - 4/1/2021 |
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C
A
S
I |
OPY
-
NYSE
Oppenheimer Holdings Inc
FINANCIAL SERVICES - Investment Brokerage - Regiona
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$43.78
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+0.88
2.05% |
$44.00
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125,757 93.85% of 50 DAV
50 DAV is 134,000
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$44.38 -1.35%
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2/25/2021
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$38.95
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PP = $38.11
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MB = $40.02
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Most Recent Note - 4/12/2021 5:42:42 PM
G - Posted a 2nd consecutive gain with light volume, approaching its prior high. Its 50 DMA line ($39.59) and prior low define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Oppenheimer Consolidating Near Max Buy Level - 3/31/2021 |
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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 |
EDUC
-
NASDAQ
Educational Development
WHOLESALE - Basic Materials Wholesale
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$17.48
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+0.29
1.69% |
$17.60
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36,603 114.38% of 50 DAV
50 DAV is 32,000
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$20.00 -12.60%
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3/10/2021
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$17.89
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PP = $20.10
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MB = $21.11
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Most Recent Note - 4/9/2021 5:39:46 PM
Y - Still consolidating above its 50 DMA line ($16.57) which defines important near-term support. Met stubborn resistance in the $19-20 area. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50 DMA Line Perched Near High - 3/30/2021 |
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C
A
S
I |
SMPL
-
NASDAQ
Simply Good Foods Co
Food-Confectionery
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$32.59
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-0.02
-0.06% |
$32.81
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525,814 74.47% of 50 DAV
50 DAV is 706,100
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$35.25 -7.55%
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12/28/2020
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$30.40
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PP = $31.44
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MB = $33.01
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Most Recent Note - 4/12/2021 5:49:10 PM
G - Posted a solid gain today with average volume, approaching prior highs. Reported Feb '21 quarterly earnings +9% on +2% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Found prompt support near its 50 DMA line ($30.42) but its current Relative Strength Rating is 74, below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Technical Sell Signal - 3/24/2021 |
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C
A
S
I |
QRVO
-
NASDAQ
Qorvo Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$192.42
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-0.14
-0.07% |
$195.19
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819,939 55.40% of 50 DAV
50 DAV is 1,480,000
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$199.94 -3.76%
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4/1/2021
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$190.48
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PP = $191.92
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MB = $201.52
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Most Recent Note - 4/12/2021 5:44:22 PM
Y - Posted a small gain today with lighter volume. Perched near its all-time high, it recently wedging up from any orderly 9-week base. Prior highs in the $191-185 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Hit Another New High With Even Less Volume Conviction - 4/5/2021 |
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C
A
S
I |
YETI
-
NYSE
Yeti Holdings Inc
Leisure-Products
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$82.69
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-1.59
-1.89% |
$85.39
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1,241,923 90.98% of 50 DAV
50 DAV is 1,365,000
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$80.89 2.23%
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4/6/2021
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$76.95
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PP = $79.42
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MB = $83.39
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Most Recent Note - 4/12/2021 1:05:34 PM
Y - Hitting a new all-time high with heavier volume behind today's 5th consecutive gain. A new pivot point was cited based on its 2/10/21 high while working on a "double bottom" base. Gains above the pivot point triggered a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : YETI Perched Within Striking Distance of High - 4/7/2021 |
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C
A
S
I |
DT
-
NYSE
Dynatrace Inc
Computer Sftwr-Enterprse
|
$54.54
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+1.53
2.89% |
$54.57
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972,125 39.00% of 50 DAV
50 DAV is 2,492,800
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$56.94 -4.21%
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2/4/2021
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$51.39
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PP = $48.95
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MB = $51.40
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Most Recent Note - 4/13/2021 5:45:24 PM
G - Posted a 4th consecutive gain today with lighter volume while rising further above its 50 DMA line ($51.12) toward prior highs and little resistance remains due to overhead supply. Recent lows in the $45 area define important near-term support to watch on pullbacks. Its Relative Strength Rating is 76 is still below the 80+ minimum guideline for buy candidates. Fundamentals remain strong after it reported Dec '20 earnings +70% on +28% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Gap Up Rebounding Further Above 50-Day Moving Average - 4/8/2021 |
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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 |
MRBK
-
NASDAQ
Meridian Corp
Banks-Northeast
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$25.33
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+0.08
0.32% |
$25.65
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30,704 82.98% of 50 DAV
50 DAV is 37,000
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$27.96 -9.41%
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2/22/2021
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$25.58
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PP = $26.10
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MB = $27.41
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Most Recent Note - 4/12/2021 5:40:44 PM
Y - Encountered distributional pressure today. Volume totals had been below average in recent weeks while hovering in a tight range within close striking distance of its all-time high. Its 50 DMA line ($24.84) and prior low ($24.13 on 3/25/21) define important near-term support to watch where violations may trigger technical sell signals. Its Relative Strength Rating is 78, just below the 80+ minimum guideline. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure - 4/12/2021 |
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C
A
S
I |
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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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