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AFTER MARKET UPDATE - MONDAY, MAY 22ND, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+89.99 |
20,894.83 |
+0.43% |
|
Volume |
956,242,240 |
-24% |
|
Volume |
1,567,791,800 |
-9% |
|
NASDAQ |
+49.92 |
6,133.62 |
+0.82% |
|
Advancers |
1,987 |
69% |
|
Advancers |
1,886 |
66% |
|
S&P 500 |
+12.29 |
2,394.02 |
+0.52% |
|
Decliners |
907 |
31% |
|
Decliners |
967 |
34% |
|
Russell 2000 |
+9.81 |
1,377.14 |
+0.72% |
|
52 Wk Highs |
142 |
|
|
52 Wk Highs |
151 |
|
|
S&P 600 |
+6.19 |
834.31 |
+0.75% |
|
52 Wk Lows |
21 |
|
|
52 Wk Lows |
64 |
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Breadth Positive as Major Indices Rose With More Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 90 points to 20894. The S&P 500 added 12 points to 2394 and the Nasdaq Composite gained 49 points to 6133. The volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 53 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 Nasdaq Composite Index is consolidating well above its 50-day moving average (DMA) line and prior highs defining near-term support.
The major averages (M criteria) saw their uptrend come under greater pressure on Wednesday, and recently there has been less market leadership (number of high-ranked stocks hitting new highs). If market conditions continue to deteriorate, disciplined investors will reduce exposure and raise cash levels in their portfolios by selling stocks showing signs of deterioration on a case-by-case basis. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages advanced on the session Monday as President Trump continued his first trip overseas since taking office. President Trump traveled to Saudi Arabia over the weekend, a trip which ended in a multi-billion dollar arms deal. On Monday, he began a two-day visit to Israel which will include a meeting with Israeli Prime Minister Benjamin Netanyahu. In commodities, NYMEX WTI crude added 0.8% to $50.73/barrel amid optimism that OPEC will extend production cuts at their meeting in Vienna this week.
Ten of 11 sectors in the S&P 500 ended in positive territory. Industrials outperformed with defense stocks climbing to all-time highs amid the U.S.-Saudi Arabia arms deal. Lockheed Martin (LMT +1.55%) and General Dynamics (GD +0.96%) rose. Jet maker Boeing (BA +1.61%) rose amid reports it signed deals with Saudi Arabia over the weekend, involving the sale of military and passenger aircraft. In Health Care, Amgen (AMGN -2.23%) fell with news it’s Evinity for osteoporosis revealed a higher rate of serious heart-related side effects. Centene (CNC -1.40%) fell after being the subject of negative analyst commentary.
Treasuries declined with the benchmark 10-year note down 4/32 to yield 2.25 %. In FOREX, the Dollar Index fell 0.2%. |
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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Tech, Retail, Financial and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The financial indexes posted additional gains on Monday as the Broker/Dealer Index ($XBD +0.52%) and the Bank Index ($BKX +0.23%) both rose. The Retail Index ($RLX +0.49%) also edged higher. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.09%) and the Networking Index ($NWX +1.44%) both outpaced the Biotechnology Index ($BTK +0.62%). The Gold & Silver index ($XAU +1.17%) also rose, but the Integrated Oil Index ($XOI -0.09%) and the Oil Services Index ($OSX -0.19%) both finished slightly in the red. Charts courtesy www.stockcharts.com
 PICTURED: The Retail Index ($RLX +0.49%) is consolidating well above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
152.17 |
-0.28 |
-0.18% |
-17.20% |
| Integrated Oil |
$XOI |
1,161.87 |
-1.07 |
-0.09% |
-8.37% |
| Semiconductor |
$SOX |
1,072.30 |
+11.53 |
+1.09% |
+18.29% |
| Networking |
$NWX |
442.52 |
+6.29 |
+1.44% |
-0.80% |
| Broker/Dealer |
$XBD |
211.38 |
+1.09 |
+0.52% |
+2.97% |
| Retail |
$RLX |
1,511.31 |
+7.34 |
+0.49% |
+12.53% |
| Gold & Silver |
$XAU |
86.16 |
+1.00 |
+1.17% |
+9.26% |
| Bank |
$BKX |
90.23 |
+0.21 |
+0.23% |
-1.70% |
| Biotech |
$BTK |
3,631.44 |
+22.41 |
+0.62% |
+18.09% |
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Stalled After Reaching New Highs and Encountered Mild Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Grubhub Inc (GRUB (-$0.23 or -0.53% to $43.14) has pulled back below its pivot point with recent losses raising some concerns. It stalled after recently reaching a new high and it has encountered mild distributional pressure. A confirming gain backed by at least +40% above average volume and strong close above the pivot point may clinch a technical buy signal. Little resistance remains due to overhead supply.
It was last shown in this FSU section on 4/28/17 with an annotated graph under the headline, "Hit New 52-Week High But Ended Near Session Low" . It was highlighted in yellow with pivot point cited based on its 9/29/16 high plus 10 cents in the 4/28/17 mid-day report (read here). It reported Mar '17 quarterly earnings +45% on +39% sales revenues. Three of the past four quarterly earnings were above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been very strong since the high ranked Internet Content firm completed a new Public Offering on 9/03/14.
The number of top-rated funds owning its shares rose from 318 in Jun '16 to 385 in Mar '17, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a fairly small supply of only 83.4 million shares (S criteria) outstanding, which can contribute to greater price volatility in the event of institutional buying or selling.
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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
|
$23.19
|
+0.15
0.65% |
$23.36
|
213,918
64.24% of 50 DAV
50 DAV is 333,000
|
$25.88
-10.39%
|
4/24/2017
|
$25.33
|
PP = $24.38
|
|
MB = $25.60
|
Most Recent Note - 5/18/2017 1:13:20 PM
G - Managed a "positive reversal" after early losses undercutting the prior low ($21.89 on 3/22/17). A rebound above the 50 DMA line ($23.73) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Pullback Following Recent Gains With Unimpressive Volume - 4/27/2017 |
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C
A
S
I |
EW
-
NYSE
Edwards Lifesciences Cp
HEALTH SERVICES - Medical Appliances and Equipment
|
$114.09
|
+1.20
1.06% |
$114.80
|
1,348,626
79.19% of 50 DAV
50 DAV is 1,703,000
|
$121.75
-6.29%
|
5/16/2017
|
$114.12
|
PP = $113.04
|
|
MB = $118.69
|
Most Recent Note - 5/22/2017 5:48:40 PM
Y - Posted a 3rd consecutive small gain with below average volume. Highlighted in yellow in the 5/16/17 mid-day report with a pivot point based on its 4/26/17 high after a cup-with-handle base.
>>> FEATURED STOCK ARTICLE : Some Overhead Supply Remains For High Ranked Medical Firm - 5/17/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$75.68
|
-0.27
-0.36% |
$77.62
|
195,749
91.05% of 50 DAV
50 DAV is 215,000
|
$81.01
-6.58%
|
9/29/2016
|
$46.12
|
PP = $47.82
|
|
MB = $50.21
|
Most Recent Note - 5/19/2017 12:44:17 PM
G - Extended from any sound base. Prior highs in the $64 area and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Traded Up 108% in 10 Months Since First Highlighted - 5/18/2017 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$28.35
|
+0.05
0.18% |
$28.55
|
313,415
57.83% of 50 DAV
50 DAV is 542,000
|
$34.00
-16.62%
|
2/14/2017
|
$25.10
|
PP = $24.55
|
|
MB = $25.78
|
Most Recent Note - 5/19/2017 1:24:35 PM
G - Rebounding near its 50 DMA line ($29.23), and gains above that short-term average are needed for its outlook to improve. The 5/04/17 low $26.50 defines important near-term support to watch. Reported earnings -20% on +15% sales revenues for the Mar '17 quarter versus the year ago period, raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base and Earnings Below +25% Guideline - 5/3/2017 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Beauty Inc
SPECIALTY RETAIL - Specialty Retail, Other
|
$294.94
|
+0.86
0.29% |
$298.84
|
612,299
100.21% of 50 DAV
50 DAV is 611,000
|
$301.40
-2.14%
|
5/5/2017
|
$293.17
|
PP = $289.37
|
|
MB = $303.84
|
Most Recent Note - 5/18/2017 7:25:22 PM
Y - Today's gain was backed by +41% above average, a decent confirming gain while rising above the previously cited pivot point, clinching a technical buy signal. Prior highs near the $289 area define important support above its 50 DMA line ($286).
>>> FEATURED STOCK ARTICLE : Holding Ground After Recent Gains Lacking Great Volume - 5/12/2017 |
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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 |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$36.00
|
+0.17
0.47% |
$36.03
|
456,772
68.58% of 50 DAV
50 DAV is 666,000
|
$39.50
-8.86%
|
4/4/2017
|
$36.38
|
PP = $36.81
|
|
MB = $38.65
|
Most Recent Note - 5/22/2017 5:47:20 PM
G - Color code is changed to green while consolidating below its 50 DMA line ($36.59). Subsequent losses below the prior low ($34.08 on 5/05/17) would raise greater concerns and trigger a worrisome technical sell signal. A rebound above the 50 DMA line is needed fro its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Outlook - 5/11/2017 |
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C
A
S
I |
MTSI
-
NASDAQ
Macom Tech Solution Hldg
Elec-Semiconductor Mfg
|
$60.84
|
+4.66
8.29% |
$61.45
|
2,046,551
297.03% of 50 DAV
50 DAV is 689,000
|
$57.30
6.18%
|
5/16/2017
|
$52.52
|
PP = $53.89
|
|
MB = $56.58
|
Most Recent Note - 5/22/2017 1:08:40 PM
G - Color code is changed to green after rallying above its "max buy" level. Prior highs in the $54-55 area define initial support to watch on pullbacks. Fundamentals remain strong through the Mar '17 quarter.
>>> FEATURED STOCK ARTICLE : Big Breakout Gain With More Than 5 Times Average Volume - 5/16/2017 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$62.07
|
+1.76
2.92% |
$62.23
|
1,868,463
144.17% of 50 DAV
50 DAV is 1,296,000
|
$61.50
0.93%
|
3/16/2017
|
$49.00
|
PP = $48.05
|
|
MB = $50.45
|
Most Recent Note - 5/22/2017 5:50:28 PM
G - Very extended from any sound base and hitting yet another new all-time high with above average volume behind today's 3rd consecutive gain. Its 50 DMA line ($52.54) defines support above prior highs in the $47-48 area.
>>> FEATURED STOCK ARTICLE : Wedging Into New High Territory, Extended From Sound Base - 5/15/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$143.15
|
-0.92
-0.64% |
$144.30
|
708,069
90.66% of 50 DAV
50 DAV is 781,000
|
$148.60
-3.67%
|
4/17/2017
|
$132.75
|
PP = $135.27
|
|
MB = $142.03
|
Most Recent Note - 5/22/2017 5:45:30 PM
G - It remains extended from any sound base, consolidating above its 50 DMA line ($136.40) which defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Bullish Technical Action Following Recent Earnings - 5/8/2017 |
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C
A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$43.14
|
-0.23
-0.53% |
$43.80
|
1,613,469
67.57% of 50 DAV
50 DAV is 2,388,000
|
$46.84
-7.89%
|
4/28/2017
|
$44.22
|
PP = $44.68
|
|
MB = $46.91
|
Most Recent Note - 5/22/2017 5:41:55 PM
Y - Recently stalled after hitting a new high and encountered mild distributional pressure. A confirming gain backed by at least +40% above average volume and strong close above the pivot point may clinch a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Stalled After Reaching New Highs and Encountered Mild Pressure - 5/22/2017 |
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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
|
$48.75
|
+0.25
0.52% |
$49.15
|
108,376
72.25% of 50 DAV
50 DAV is 150,000
|
$55.45
-12.08%
|
4/17/2017
|
$51.75
|
PP = $53.10
|
|
MB = $55.76
|
Most Recent Note - 5/19/2017 2:16:06 PM
G - Slumping near the recent low ($46.65 on 5/09/17). Prior highs in the $44 area define the next support level. A rebound above the 50 DMA line ($51.20) is needed for its outlook to improve.
>>> 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
|
$37.75
|
+0.60
1.62% |
$37.95
|
13,407
43.25% of 50 DAV
50 DAV is 31,000
|
$40.00
-5.63%
|
4/25/2017
|
$38.95
|
PP = $40.09
|
|
MB = $42.09
|
Most Recent Note - 5/18/2017 7:32:53 PM
G - Color code is changed to green after slumping to a close below its 50 DMA line ($37.37). Prior lows in the $35 area define the next important chart support level to watch. A subsequent rebound above the 50 DMA line gain and rally 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
|
$84.03
|
-0.12
-0.14% |
$84.50
|
191,728
112.12% of 50 DAV
50 DAV is 171,000
|
$88.62
-5.17%
|
4/17/2017
|
$76.77
|
PP = $80.04
|
|
MB = $84.04
|
Most Recent Note - 5/19/2017 2:18:27 PM
Y - Quietly consolidating above prior highs in the $79 area defining support along with its 50 DMA line ($78.84). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 5/1/2017 |
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A
S
I |
PLAY
-
NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants
|
$66.25
|
-0.45
-0.67% |
$67.51
|
520,570
68.41% of 50 DAV
50 DAV is 761,000
|
$67.83
-2.33%
|
2/23/2017
|
$55.41
|
PP = $58.35
|
|
MB = $61.27
|
Most Recent Note - 5/18/2017 7:35:30 PM
G - Perched near its all-time high, stubbornly holding its ground. Its 50 DMA line ($62.22) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : New Record High With Solid Gain on Near Average Volume - 5/2/2017 |
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A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$41.00
|
+0.55
1.36% |
$41.28
|
409,292
64.25% of 50 DAV
50 DAV is 637,000
|
$41.30
-0.73%
|
3/27/2017
|
$32.80
|
PP = $33.55
|
|
MB = $35.23
|
Most Recent Note - 5/19/2017 5:30:10 PM
G - Challenged its all-time high today. Very extended from any sound base. Reported earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50 DMA line ($35.65) defines near-term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retailer Rallied +25% in 2 Months Since Featured - 5/19/2017 |
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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
|
$42.83
|
-0.75
-1.72% |
$45.95
|
13,274,694
252.66% of 50 DAV
50 DAV is 5,254,000
|
$44.59
-3.95%
|
3/7/2017
|
$29.71
|
PP = $27.83
|
|
MB = $29.22
|
Most Recent Note - 5/22/2017 1:05:07 PM
G - Gapped up and hit a new all-time high today but erased most of its gain. Extended from any sound base. Its 50 DMA line ($36.98) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Hovering Near Record High, Extended From Prior Base - 5/9/2017 |
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A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$34.28
|
+0.16
0.47% |
$34.51
|
138,706
59.53% of 50 DAV
50 DAV is 233,000
|
$36.65
-6.47%
|
5/10/2017
|
$35.85
|
PP = $35.05
|
|
MB = $36.80
|
Most Recent Note - 5/22/2017 5:43:50 PM
Y - Quietly consolidating above its 50 DMA line ($33.58) defining important near-term support. A subsequent violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Followed Strong Earnings News - 5/10/2017 |
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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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at any time. Questions or comments may be submitted
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
or 954-785-1121.
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