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AFTER MARKET UPDATE - THURSDAY, JULY 27TH, 2017
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Indices NYSE Nasdaq
DOW  +85.54 21,796.55 +0.39% Volume 926,603,710 +12% Volume 2,502,860,910 +27%
NASDAQ -40.56 6,382.19 -0.63% Advancers 1,283 44% Advancers 968 35%
S&P 500 -2.41 2,475.42 -0.10% Decliners 1,613 56% Decliners 1,775 65%
Russell 2000 -8.66 1,433.62 -0.60% 52 Wk Highs 163   52 Wk Highs 192  
S&P 600 -3.54 866.69 -0.41% 52 Wk Lows 25   52 Wk Lows 46  

Dow Outperforms as Indices Reverse from Record Highs

Stocks finished mostly lower on Thursday. The Dow was up 85 points to 21796. The S&P 500 lost 2 points to 2475 and the Nasdaq Composite fell 40 points to 6382.  The volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange, generally indicative of increasing distributional pressure. Breadth was negative as decliners led advancers by nearly a 4-3 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 71 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 74 on the prior session. New 52-week highs totals easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
Charts used courtesy of www.stockcharts.com


PICTURED: The S&P 500 Index hit a new record high then had a "negative reversal" as it pulled back for a loss on higher volume. 
 
The major averages (M criteria) are in a confirmed uptrend. Any sustainable rally requires market leadership (a large number of high-ranked stocks hitting new highs), and the solid new highs totals have been a sign of a healthy market. New buying efforts should only be made in stocks meeting all fundamental and technical criteria of the fact-based investment system. ThFeatured Stocks Page lists noteworthy high-ranked leaders.

The major averages fluctuated on the session as Technology stocks pulled back from record highs. Tech shares experienced weakness as investors appeared cautious despite strong earnings from companies in the space. Facebook (FB +2.92%) rose as robust quarterly results were boosted by greater advertising revenue for its mobile app. On the data front, initial jobless claims came in at 244,000, above the expected 240,000. Separately, durable goods orders increased 6.5% in June, above expectations.

Six of 11 sectors in the S&P 500 ended in negative territory. Technology stocks underperformed with Apple (AAPL-1.89%) falling. F5 Networks (FFIV -7.16%) fell as quarterly revenue came in below Street forecasts. Elsewhere in earnings, Discover Financial (DFS -4.26%) sank after reporting a rise in credit card delinquency rates. Johnson Controls (JCI -7.3%) fell as the firm lowered its organic sales guidance. In Telecom, Verizon (VZ +7.68%) rose after adding 633,000 wireless retail customers during the quarter. ADP (ADP +9.11%) amid reports billionaire investor Bill Ackman has built a stake in the company.

Treasuries declined with the benchmark 10-year note down 7/32 to yield 2.31%. In commodities, NYMEX WTI crude added 0.7% to $49.07/barrel. COMEX gold advanced 0.8% to $1259.50/ounce.

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.


Tech Sector Retreated; Retail and Energy-Linked Groups Rose

On Thursday the Bank Index ($BKX -0.42%) and the Broker/Dealer Index ($XBD -0.52%) finished to the downside, meanwhile the Retail Index ($RLX +0.24%) chalked up yet another small gainThe tech sector had a negative bias as the Biotechnology Index ($BTK -2.09%) and the Semiconductor Index ($SOX -1.62%) both outpaced the Networking Index ($NWX -0.43%) to the downside.  Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -2.41%) fell while the Integrated Oil Index ($XOI +0.97%) and the Oil Services Index ($OSX +0.26%) both ended higher. 

Charts courtesy www.stockcharts.com

PICTURED: ThNetworking Index ($NWX -0.43%) is pulling back after reaching a new record high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  135.15 +0.35 +0.26% -26.46%
Integrated Oil $XOI  1,147.68 +11.05 +0.97% -9.49%
Semiconductor $SOX  1,097.27 -18.08 -1.62% +21.05%
Networking $NWX  463.51 -2.01 -0.43% +3.90%
Broker/Dealer $XBD  233.23 -0.97 -0.42% +13.62%
Retail $RLX  1,531.94 +3.62 +0.24% +14.07%
Gold & Silver $XAU  84.05 -2.08 -2.41% +6.58%
Bank $BKX  95.50 -0.27 -0.28% +4.04%
Biotech $BTK  3,958.59 -84.51 -2.09% +28.73%


Extended Leader Encounters Distributional Pressure

Houlihan Lokey Inc (HLI -$0.92 or -2.38% to +$37.68) pulled back on higher volume today, a sign of distributional pressure. It had gapped up on the prior session hitting a new high, getting very extended from prior highs in the $35-36 area that define initial support to watch on pullbacks. It is well above its 50-day moving average (DMA) line ($35.06) which also defines near-term support where a damaging violation would raise concerns and trigger a technical sell signal.

HLI was last shown in this FSU section on 6/19/17 with an annotated graph, "Gapped Up and Nearly Challenged Prior High". It was highlighted in yellow in the 5/10/17 mid-day report (read here) with pivot point cited based on its 3/31/17 high plus 10 cents after an orderly flat base. Its considerable gain backed by +174% above average volume had triggered a technical buy signal.

The high ranked Finance - Invest Bank//Broker firm reported earnings +43% on +20% sales revenues for the Jun '17 quarter, and 3 of the past 4 quarterly comparisons were above the +25% minimum earning guideline (C criteria). Annual earnings growth (A criteria) history is a good match with the fact-based investment system's guidelines. It has an Earnings Per share rating of 97.

It has a Timeliness rating of B and a Sponsorship rating of C. The number of top-rated funds owning its shares rose from 165 in Jun '16 to 251 in Jun '17, a reassuring sign concerning the I criteria. Its small supply of only 23.3 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Charts used courtesy of www.stockcharts.com

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
THO - NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles  
$106.59 -0.58
-0.54%

$107.66

349,243
44.21% of 50 DAV
50 DAV is 790,000
$115.74
-7.90%
6/7/2017 $102.95 PP = $98.92
MB = $103.87
Most Recent Note - 7/27/2017 6:30:19 PM
G - Made little headway but holding its ground above its 50 DMA line following its prior breakout from a "double bottom" base. As previously noted - "Faces some resistance due to overhead supply up through the $115 level."
>>> FEATURED STOCK ARTICLE : Still Faces Some Resistance Due to Overhead Supply - 7/20/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SBCF - NASDAQ
Seacoast Banking Corp Fl
BANKING - Regional - Mid-Atlantic Banks  
$24.36 +0.25
1.04%

$24.55

196,939
70.59% of 50 DAV
50 DAV is 279,000
$25.88
-5.87%
6/9/2017 $24.13 PP = $25.98
MB = $27.28
Most Recent Note - 7/27/2017 6:26:58 PM
Y - Still quietly consolidating above its 50 DMA line ($23.76). Subsequent losses below the recent low would trigger a more worrisome technical sell signal. Previously noted - "Subsequent volume-driven gains for new highs may trigger a new technical buy signal. "
>>> FEATURED STOCK ARTICLE : Florida Bank Perched -6.6% Off All-Time High - 7/6/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BERY - NYSE
Berry Global Group Inc
CONSUMER NON-DURABLES - Packaging and Containers  
$56.76 +0.00
0.00%

$57.00

837,031
95.01% of 50 DAV
50 DAV is 881,000
$58.95
-3.72%
7/14/2017 $57.67 PP = $59.05
MB = $62.00
Most Recent Note - 7/27/2017 6:23:40 PM
G - Color code is changed to green while sputtering below its 50 DMA line ($57.53). A rebound above the 50 DMA line and subsequent volume-driven gains above the pivot point are needed for its outlook to improve and for a new (or add-on) technical buy signal to be triggered. More damaging losses below the recent low ($56.14 on 7/06/17) would raise greater concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 7/7/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EW - NYSE
Edwards Lifesciences Cp
HEALTH SERVICES - Medical Appliances and Equipment  
$116.36 +0.75
0.65%

$121.45

3,531,500
302.17% of 50 DAV
50 DAV is 1,168,700
$121.75
-4.43%
7/11/2017 $117.23 PP = $121.85
MB = $127.94
Most Recent Note - 7/27/2017 1:20:48 PM
Y - Off earlier highs after gapping up today and rebounding above its 50 DMA line ($116.62). Reported Jun '17 quarterly earnings +42% on +11% sales revenues, continuing its strong earnings track record. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal which could mark the beginning of a new leg up.
>>> FEATURED STOCK ARTICLE : Medical Products Firm Perched Near All-Time High - 6/26/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NTES - NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers  
$310.14 -2.01
-0.64%

$320.92

1,639,363
130.84% of 50 DAV
50 DAV is 1,253,000
$337.55
-8.12%
6/8/2017 $310.76 PP = $307.62
MB = $323.00
Most Recent Note - 7/27/2017 6:36:47 PM
Y - Churned higher volume today while consolidating just above its 50 DMA line ($303). Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price. Recent gains lacked great volume conviction.
>>> FEATURED STOCK ARTICLE : Found Recent Support at 50-Day Moving Average Line - 7/21/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
STMP - NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services  
$148.80 -7.40
-4.74%

$158.75

490,411
101.12% of 50 DAV
50 DAV is 485,000
$156.40
-4.86%
5/24/2017 $133.10 PP = $136.10
MB = $142.91
Most Recent Note - 7/27/2017 6:42:31 PM
G - Pulled back today on higher (near average) volume. It did not form a sound base. Its 50 DMA line ($143.39) defines near-term support above prior lows in the $140-141 area.
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended From Prior Base - 7/5/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MELI - NASDAQ
Mercadolibre Inc
INTERNET - Internet Software and; Services  
$286.64 +0.62
0.22%

$290.99

1,422,439
214.55% of 50 DAV
50 DAV is 663,000
$297.95
-3.80%
6/15/2017 $261.73 PP = $297.95
MB = $312.85
Most Recent Note - 7/26/2017 5:27:57 PM
G - Finished near the session high with a gain on higher (near average) volume today while consolidating above its 50 DMA line ($273). Faces little resistance due to overhead supply up to the $298 level. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Little Resistance Remains While Rebounding Near Prior Highs - 7/26/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
HTHT - NASDAQ
China Lodging Group Ads
LEISURE - Lodging  
$93.09 -2.88
-3.00%

$97.44

275,604
118.79% of 50 DAV
50 DAV is 232,000
$96.65
-3.68%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 7/24/2017 11:52:23 AM
G - Rallying into new all-time high territory with today's early gain. Its 50 DMA line ($80.97) defines near-term support above the prior low ($75.01 on 6/15/17). Sub par sales revenues growth was recently noted among concerns, however, earnings increases through the Mar '17 quarter have been strong versus the year-ago periods.
>>> FEATURED STOCK ARTICLE : China-Based Hotel Firm is Extended From Any Sound Base - 6/28/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
BEAT - NASDAQ
BioTelemetry Inc
Medical-Services  
$34.15 -0.90
-2.57%

$35.70

398,358
88.72% of 50 DAV
50 DAV is 449,000
$35.75
-4.48%
2/14/2017 $25.10 PP = $24.55
MB = $25.78
Most Recent Note - 7/25/2017 12:14:48 PM
G - Perched near its all-time high, encountering mild distributional pressure. Due to report Jun '17 quarterly earnings on 7/31/17. Volume and volatility often increase near earnings news. Its 50 DMA line ($30.71) and prior lows in the $26.50 - $27.00 area define near-term support. Bullish action continued after sub par Mar '17 earnings were repeatedly noted.
>>> FEATURED STOCK ARTICLE : New Highs on Twice Average Volume; Fundamental Concerns Remain - 7/14/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ESNT - NYSE
Essent Group Ltd
Finance-MrtgandRel Svc  
$37.78 -0.04
-0.11%

$38.56

401,360
94.44% of 50 DAV
50 DAV is 425,000
$39.61
-4.62%
7/3/2017 $38.05 PP = $39.60
MB = $41.58
Most Recent Note - 7/27/2017 6:25:26 PM
Y - Encountering mild distributional pressure while consolidating within striking distance of its all-time high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Losses below the 50 DMA line ($37.14) and prior low ($34.08 on 5/05/17) would raise concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Sputtering Below its 50-Day Moving Average - 6/20/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
MTSI - NASDAQ
Macom Tech Solution Hldg
Elec-Semiconductor Mfg  
$60.77 -4.80
-7.32%

$65.92

1,637,285
192.17% of 50 DAV
50 DAV is 852,000
$65.99
-7.91%
5/16/2017 $52.52 PP = $53.89
MB = $56.58
Most Recent Note - 7/27/2017 6:39:29 PM
G - Encountered distributional pressure this afternoon and abruptly retreated from all-time high with a big loss on heavy volume. Did not form a sound base. Found support near its 50 DMA line ($58.72) during its prior consolidation.
>>> FEATURED STOCK ARTICLE : Meeting Resistance Near Prior High - 6/27/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
VEEV - NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical  
$62.49 -2.56
-3.94%

$65.92

2,207,722
120.44% of 50 DAV
50 DAV is 1,833,000
$68.07
-8.20%
7/24/2017 $65.91 PP = $68.17
MB = $71.58
Most Recent Note - 7/27/2017 6:50:25 PM
Y - Pulled back and tested its 50 DMA line ($62.54) with today's big loss on higher volume. More damaging losses would raise greater concerns. Disciplined investors will note that it did not produce the necessary volume-driven gains for a new 52-week high needed to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Rebounding Since Testing Support at 50-Day Moving Average Line - 6/23/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ANET - NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment  
$152.04 -5.16
-3.28%

$158.79

744,908
95.99% of 50 DAV
50 DAV is 776,000
$162.97
-6.71%
4/17/2017 $132.75 PP = $135.27
MB = $142.03
Most Recent Note - 7/27/2017 6:35:05 PM
G - Tested its 50 DMA line ($151.85) with today's loss on higher volume. Prior lows in the $144-143 area define the next important support to watch. It is extended from any sound base.
>>> FEATURED STOCK ARTICLE : Networking Firm Consolidating Above 50-Day Moving Average Line - 7/18/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
GRUB - NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$46.99 -0.05
-0.11%

$48.16

2,571,905
139.10% of 50 DAV
50 DAV is 1,849,000
$47.84
-1.78%
6/21/2017 $47.33 PP = $46.94
MB = $49.29
Most Recent Note - 7/25/2017 3:19:53 PM
Y - Quietly perched within striking distance of its 52-week and all-time highs. Volume totals still have been cooling while stubbornly holding its ground since gapping up above its 50 DMA line on 7/12/17. Endured distributional pressure recently after it briefly rose above the new pivot point cited based on its 5/08/17 high plus 10 cents. Members were previously reminded - "A confirming gain backed by at least +40% above average volume and strong close above the pivot point may clinch a technical buy signal."
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average - 6/30/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
IBP - NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services  
$52.30 -0.50
-0.95%

$53.75

100,581
75.62% of 50 DAV
50 DAV is 133,000
$55.45
-5.68%
6/13/2017 $54.25 PP = $55.55
MB = $58.33
Most Recent Note - 7/24/2017 12:08:38 PM
Y - Consolidating in a tight range near its 50 DMA line ($51.44). Volume-driven gains above the pivot point are still needed to trigger a proper new technical buy signal.
>>> FEATURED STOCK ARTICLE : Volume Cooling While Staying Above 50-Day Moving Average Line - 7/17/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
NCOM - NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks  
$39.90 +0.10
0.25%

$40.50

25,948
83.70% of 50 DAV
50 DAV is 31,000
$41.25
-3.27%
4/25/2017 $38.95 PP = $40.09
MB = $42.09
Most Recent Note - 7/24/2017 2:46:56 PM
Y - Due to report Jun '17 earnings news after the market closes on Tuesday, July 25, 2017, and volume and volatility often increase near earnings news. Found support at its 50 DMA line ($38.90) recently and any damaging losses violating it or the recent lows would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Recent Breakout Lacked Great Volume Conviction - 7/10/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
INGN - NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$94.27 -1.42
-1.48%

$96.35

157,751
89.12% of 50 DAV
50 DAV is 177,000
$97.71
-3.52%
7/12/2017 $94.95 PP = $97.81
MB = $102.70
Most Recent Note - 7/24/2017 2:56:10 PM
Y - Color code was changed to yellow with new pivot point cited based on its 6/22/17 high as it formed an advanced "3-weeks tight" base. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Near-term support is its 50 DMA line ($91.35).
>>> FEATURED STOCK ARTICLE : In Tight Range Near All-Time High With Volume Totals Cooling - 7/12/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
HQY - NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$47.89 -0.93
-1.90%

$49.34

343,510
65.68% of 50 DAV
50 DAV is 523,000
$54.95
-12.85%
6/7/2017 $50.01 PP = $49.35
MB = $51.82
Most Recent Note - 7/25/2017 3:31:19 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line ($49.02) helping its outlook improve. Faces some resistance due to overhead supply up through the $54 level.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggers Technical Sell Signal - 7/19/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PLAY - NASDAQ
Dave & Buster's Ent Inc
Retail-Restaurants  
$62.88 -1.81
-2.80%

$64.78

1,657,950
242.04% of 50 DAV
50 DAV is 685,000
$73.48
-14.43%
2/23/2017 $55.41 PP = $58.35
MB = $61.27
Most Recent Note - 7/27/2017 1:53:12 PM
G - Slumping further below its 50-day moving average (DMA) line on higher volume, violating prior lows in the $64 area and triggering a more worrisome technical sell signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Faces Near-Term Resistance Up to $73 Due to Overhead Supply - 7/24/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
OLLI - NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety  
$44.80 +0.70
1.59%

$45.00

604,416
81.46% of 50 DAV
50 DAV is 742,000
$44.68
0.28%
7/17/2017 $43.96 PP = $44.18
MB = $46.39
Most Recent Note - 7/25/2017 3:29:04 PM
Y - Perched at its 52-week high after gains with light volume. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($41.76) defines support above recent lows in the $37-38 area.
>>> FEATURED STOCK ARTICLE : Recently Found Support Near 50-Day Moving Average - 6/29/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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
LITE - NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment  
$61.90 -3.00
-4.62%

$65.75

2,330,710
136.46% of 50 DAV
50 DAV is 1,708,000
$68.63
-9.81%
7/13/2017 $64.15 PP = $67.40
MB = $70.77
Most Recent Note - 7/27/2017 6:47:01 PM
Y - Pulled back on even higher volume today raising concerns while slumping back into the prior base and testing its 50 DMA line ($60.15). Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. More damaging losses would raise concerns and the prior low ($56.20 on 6/29/17) defines the next important support to watch.
>>> FEATURED STOCK ARTICLE : High Ranked Telecom - Fiber Optics Firm - 7/13/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MOMO - NASDAQ
Momo Inc Ads Cl A
INTERNET - Content  
$43.19 -0.82
-1.86%

$45.59

6,935,836
100.39% of 50 DAV
50 DAV is 6,909,000
$45.95
-6.01%
7/25/2017 $44.05 PP = $46.05
MB = $48.35
Most Recent Note - 7/25/2017 4:52:25 PM
Y - Color code is changed to yellow with new pivot point cited based in 5/22/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Consolidating above its 50 DMA line, building on a third-stage base. Prior low ($35.02 on 6/15/17) defines the next important chart support level where a violation would raise more serious concerns. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Prior High - 7/25/2017
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HLI - NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs  
$37.68 -0.92
-2.38%

$38.77

752,648
448.00% of 50 DAV
50 DAV is 168,000
$39.68
-5.04%
5/10/2017 $35.85 PP = $35.05
MB = $36.80
Most Recent Note - 7/27/2017 6:33:11 PM
G - Encountered distributional pressure today, retreating from its all-time high with a big volume-driven loss. Extended from prior highs in the $35-36 area and its 50 DMA line which define support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended Leader Encounters Distributional Pressure - 7/27/2017
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