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AFTER MARKET UPDATE - THURSDAY, MAY 4TH, 2017
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DOW |
-6.43 |
20,951.47 |
-0.03% |
|
Volume |
1,158,754,470 |
+9% |
|
Volume |
1,890,139,893 |
-4% |
|
NASDAQ |
+2.79 |
6,075.34 |
+0.05% |
|
Advancers |
1,059 |
36% |
|
Advancers |
1,307 |
46% |
|
S&P 500 |
+1.39 |
2,389.52 |
+0.06% |
|
Decliners |
1,885 |
64% |
|
Decliners |
1,530 |
54% |
|
Russell 2000 |
-2.08 |
1,388.85 |
-0.15% |
|
52 Wk Highs |
143 |
|
|
52 Wk Highs |
130 |
|
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S&P 600 |
-1.44 |
844.99 |
-0.17% |
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52 Wk Lows |
93 |
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52 Wk Lows |
82 |
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Leadership Improved But Major Indices Showed Little Change
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished little changed on Thursday. The Dow was down 6 points to 20951. The S&P 500 added a point to 2389 and the Nasdaq Composite gained 2 points to 6075. The volume totals reported were near the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and by an 8-7 margin on the Nasdaq exchange. There were 52 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 33 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. PICTURED: The benchmark S&P 500 Index perched within close striking distance of its record high.
The major averages' (M criteria) are in a confirmed uptrend, and there has remains a healthy level of market leadership (number of high-ranked stocks hitting new highs). New buying efforts should be made only in stocks matching all of the fundamental and technical criteria of the fact-based investment system. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages fluctuated on the session Thursday after the House of Representatives successfully passed a bill aimed at repealing and replacing Obamacare. Energy shares also pressured the broader market as oil prices hit a five-month low. On the data front, initial jobless claims came in at 238,000, below the expected 248,000. In separate releases, durable goods orders increased 0.9% in March while factory orders rose 0.2%. Investors will now look ahead to tomorrow’s non-farm labor report.
Eight of 11 sectors in the S&P 500 ended in positive territory. In the consumer space, Church & Dwight (CHD +4.31%) rose as quarterly revenue exceeded Wall Street expectations. AmerisourceBergen (ABC +4.67%) rose after raising its full-year EPS guidance due to lower expense outlook. Shares of Tesla (TSLA -5.00%) fell as the automaker reported a wider-than-expected quarterly loss. In Technology, Facebook (FB -0.63%) fell after the social media giant warned of slowing ad growth. Energy shares retreated as oil prices plunged below $46 a barrel.
Treasuries finished lower with the benchmark 10-year note down 8/32 to yield 2.35%. In commodities, NYMEX WTI crude retreated 4.8% to $45.52/barrel. COMEX gold lost 1.6% to $1228.70/ounce. In FOREX, the Dollar Index fell 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Were Standout Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.24%) edged higher and the Broker/Dealer Index ($XBD -0.13) ended slightly in the red on Thursday. The Retail Index ($RLX -0.05%) finished flat. The tech sector was led by the Biotechnology Index ($BTK +0.97%) while the Networking Index ($NWX -0.57%) and the Semiconductor Index ($SOX -0.12%) both posted small losses. Commodity-linked groups were laggards as the Gold & Silver index ($XAU -2.87%) and Oil Services Index ($OSX -2.46%) outpaced the Integrated Oil Index ($XOI -1.67%) to the downside. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver index ($XAU -2.87%) slumped near its 2017 low.
| Oil Services |
$OSX |
146.14 |
-3.69 |
-2.46% |
-20.49% |
| Integrated Oil |
$XOI |
1,125.24 |
-19.08 |
-1.67% |
-11.26% |
| Semiconductor |
$SOX |
1,006.83 |
-1.22 |
-0.12% |
+11.07% |
| Networking |
$NWX |
445.34 |
-2.55 |
-0.57% |
-0.17% |
| Broker/Dealer |
$XBD |
218.00 |
-0.29 |
-0.13% |
+6.20% |
| Retail |
$RLX |
1,514.10 |
-0.79 |
-0.05% |
+12.74% |
| Gold & Silver |
$XAU |
78.26 |
-2.31 |
-2.87% |
-0.76% |
| Bank |
$BKX |
92.91 |
+0.22 |
+0.24% |
+1.22% |
| Biotech |
$BTK |
3,675.62 |
+35.37 |
+0.97% |
+19.53% |
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Due to Report Earnings Prior to Friday's Open
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Installed Building Products' (IBP +$1.15 or +2.22% to $53.00) is consolidating near its all-time high, very extended from its prior base. Its 50-day moving average (DMA) line ($50.97) defines important near-term support to watch on pullbacks. It is due to report earnings before the open on Friday, May 5th. Volume and volatility often increase near earnings news.
IBP was last shown in this FSU section on 4/04/17 with an annotated graph under the headline, "Hovering Near All-Time High Following Volume-Driven Gains". It was highlighted in the 2/27/17 mid-day report in yellow with pivot point cited based on its 12/08/16 high plus 10 cents (read here). Disciplined investors avoid chasing stocks extended more than 5% above prior highs.
The high-ranked Building - Maintenance & Service firm reported earnings +29% on +22% sales revenues for the Dec '16 quarter, and 3 of the 4 prior quarterly comparisons had earnings increases well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $11 IPO on 2/13/14.
The number of top-rated funds owning its shares rose from 226 in Mar '16 to 275 in Mar '17, a reassuring sign concerning the I criteria. Its small supply of only 31.8 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. It currently has a Timeliness Rating of A and a Sponsorship Rating of B.
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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 |
SBCF
-
NASDAQ
Seacoast Banking Corp Fl
BANKING - Regional - Mid-Atlantic Banks
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$24.03
|
+0.25
1.05% |
$24.41
|
336,036
88.43% of 50 DAV
50 DAV is 380,000
|
$25.88
-7.15%
|
4/24/2017
|
$25.33
|
PP = $24.38
|
|
MB = $25.60
|
Most Recent Note - 5/2/2017 6:51:31 PM
Y - Pulled back today with light volume, closing just above its 50 DMA line. Recent gains above the pivot point lacked the above average volume needed to trigger a proper new (or add-on) technical buy signal. The 50 DMA line ($23.80) and recent low ($21.89 on 3/22/17) define support where violations would raise more serious concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Pullback Following Recent Gains With Unimpressive Volume - 4/27/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
|
$25.50
|
+0.27
1.07% |
$25.68
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390,561
123.21% of 50 DAV
50 DAV is 317,000
|
$26.94
-5.34%
|
3/13/2017
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$25.54
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PP = $26.40
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|
MB = $27.72
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Most Recent Note - 5/2/2017 6:52:37 PM
Y - Consolidating near its 50 DMA line ($25.25). Reported earnings +10% on +13% sales revenues for the Mar '17 quarter, below the +25% minimum earnings guideline. Damaging losses below its recent low ($23.64 on 4/17/17) would raise more serious concerns.
>>> FEATURED STOCK ARTICLE : Positive Reversal After Intra-day Low Undercut Prior Lows - 4/17/2017 |
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C
A
S
I |
NSP
-
NYSE
Insperity Inc
Comml Svcs-Outsourcing
|
$85.45
|
+0.70
0.83% |
$85.55
|
139,723
96.36% of 50 DAV
50 DAV is 145,000
|
$93.65
-8.76%
|
4/21/2017
|
$88.65
|
PP = $90.65
|
|
MB = $95.18
|
Most Recent Note - 5/3/2017 6:07:29 PM
G - Sank below its 50 DMA line today with a loss on average volume testing prior lows. Only a prompt rebound above the 50 DMA line ($87.02) would help its outlook improve. More damaging losses would raise greater concerns. Reported earnings +13% on +10% sales revenues for the Mar '17 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : New Base Formed Above 50-Day Moving Average Line - 4/21/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$69.20
|
-2.36
-3.30% |
$71.79
|
239,329
147.73% of 50 DAV
50 DAV is 162,000
|
$72.85
-5.02%
|
9/29/2016
|
$46.12
|
PP = $47.82
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|
MB = $50.21
|
Most Recent Note - 5/4/2017 11:47:08 AM
G - Retreating from its all-time high. Prior highs in the $64 area and its 50 DMA line ($62.19) define near term support to watch. Repeatedly noted with caution - "The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern.
>>> FEATURED STOCK ARTICLE : Support Shown Promptly After 50-Day Moving Average Violation - 4/19/2017 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$28.15
|
-5.05
-15.21% |
$31.60
|
2,826,521
613.13% of 50 DAV
50 DAV is 461,000
|
$34.00
-17.21%
|
2/14/2017
|
$25.10
|
PP = $24.55
|
|
MB = $25.78
|
Most Recent Note - 5/4/2017 11:45:21 AM
G - Down considerably today with a loss on heavy volume undercutting its 50 DMA line ($28.66). Reported earnings -20% on +15% sales revenues for the Mar '17 quarter versus the year ago period, raising fundamental concerns. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base and Earnings Below +25% Guideline - 5/3/2017 |
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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 |
ULTA
-
NYSE
Ulta Beauty Inc
SPECIALTY RETAIL - Specialty Retail, Other
|
$292.21
|
+1.85
0.64% |
$292.39
|
327,139
344.36% of 50 DAV
50 DAV is 95,000
|
$291.50
0.24%
|
3/6/2017
|
$274.96
|
PP = $278.73
|
|
MB = $292.67
|
Most Recent Note - 5/4/2017 1:03:20 PM
G - Wedging into new high territory with recent gains lacking great volume conviction. Its current Relative Strength rank is 76, below the 80+ guideline for buy candidates. Recent lows near the $276 area define important support where more damaging losses would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Technical Breakout - 4/7/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$36.74
|
+0.10
0.27% |
$36.87
|
512,018
77.11% of 50 DAV
50 DAV is 664,000
|
$39.50
-6.99%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 5/2/2017 6:55:11 PM
Y - Suffered a 4th consecutive loss on near average volume today. Its 50 DMA line ($36.17) and recent lows define important near-term support where violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Quiet Volume Behind Gain for New High Close - 4/10/2017 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$54.17
|
+0.14
0.26% |
$54.78
|
957,779
71.58% of 50 DAV
50 DAV is 1,338,000
|
$54.50
-0.61%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 5/2/2017 1:55:41 PM
G - Perched near its all-time high, extended from any sound base. Its 50 DMA line ($48.97) defines support above prior highs in the $47-48 area.
>>> FEATURED STOCK ARTICLE : Hovering Near High, Stubbornly Holding its Ground - 4/18/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$140.20
|
-0.48
-0.34% |
$142.90
|
1,542,443
206.76% of 50 DAV
50 DAV is 746,000
|
$141.92
-1.21%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 5/4/2017 4:50:47 PM
Y - Reported Mar '17 earnings news after the close. Volume and volatility often increase near earnings news. Churned above average volume today while perched at its all-time high. Wedged higher from a tight consolidation but recent gains lacked great volume conviction. Gains with at least +40% above average volume while rising above the new pivot point cited would trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$44.89
|
+0.00
0.00% |
$45.40
|
2,116,417
83.42% of 50 DAV
50 DAV is 2,537,000
|
$45.09
-0.44%
|
4/28/2017
|
$44.22
|
PP = $44.68
|
|
MB = $46.91
|
Most Recent Note - 5/2/2017 1:49:00 PM
Y - Challenging its 52-week high with volume running at an above average pace behind today's big gain. A gain and strong close above the pivot point may clinch a technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New 52-Week High But Ended Near Session Low - 4/28/2017 |
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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 |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$53.00
|
+1.15
2.22% |
$53.25
|
180,867
111.65% of 50 DAV
50 DAV is 162,000
|
$55.45
-4.42%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 5/4/2017 4:46:54 PM
Y - Consolidating near its all-time high, very extended from its prior base. Its 50-day moving average (DMA) line ($50.97) defines important near-term support to watch on pullbacks. It is due to report earnings before the open on Friday, May 5th. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Due to Report Earnings Prior to Friday's Open - 5/4/2017 |
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C
A
S
I |
NCOM
-
NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks
|
$39.10
|
+0.25
0.64% |
$39.25
|
19,041
59.50% of 50 DAV
50 DAV is 32,000
|
$40.00
-2.25%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 5/1/2017 8:17:25 PM
Y - Still perched near its 52-week high. A gain above the pivot point backed by a minimum of +40% above average volume may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging 52-Week High With Volume-Driven Gains - 4/26/2017 |
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C
A
S
I |
INGN
-
NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies
|
$83.83
|
+0.10
0.12% |
$84.21
|
129,126
71.74% of 50 DAV
50 DAV is 180,000
|
$85.94
-2.46%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 5/1/2017 4:20:25 PM
G - Color code is changed to green after hitting a new all-time high and finishing the session above its "max buy" level with a gain on below average volume. Recent gains above the pivot point lacked the minimum +40% above average volume needed to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($75.30) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 5/1/2017 |
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C
A
S
I |
PLAY
-
NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants
|
$65.50
|
-0.28
-0.43% |
$66.00
|
553,551
69.54% of 50 DAV
50 DAV is 796,000
|
$65.93
-0.65%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 5/2/2017 6:44:42 PM
G - Finished at the session high with a gain on near average volume. Its 50 DMA line ($59.99) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New Record High With Solid Gain on Near Average Volume - 5/2/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$39.65
|
+0.15
0.38% |
$39.80
|
538,381
90.33% of 50 DAV
50 DAV is 596,000
|
$39.58
0.19%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 5/2/2017 6:49:44 PM
G - Hit yet another new high today, getting very extended from any sound base. Bullish action has continued since reporting earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria). Its 50 DMA line and prior highs in the $33 area define near-term support.
>>> FEATURED STOCK ARTICLE : Winning Streak Continues for Discount Retailer - 4/24/2017 |
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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 |
MOMO
-
NASDAQ
Momo Inc Ads Cl A
INTERNET - Content
|
$38.66
|
+0.36
0.94% |
$38.96
|
2,565,161
48.36% of 50 DAV
50 DAV is 5,304,000
|
$40.43
-4.38%
|
3/7/2017
|
$29.71
|
PP = $27.83
|
|
MB = $29.22
|
Most Recent Note - 5/3/2017 6:04:20 PM
G - Pulled back from its all-time high with today's loss on below average volume. Its 50 DMA line ($33.77) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 |
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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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