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AFTER MARKET UPDATE - WEDNESDAY, AUGUST 9TH, 2017
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Indices NYSE Nasdaq
DOW  -36.64 22,048.70 -0.17% Volume 805,917,940 +4% Volume 2,031,895,597 +5%
NASDAQ -18.13 6,352.33 -0.28% Advancers 886 30% Advancers 811 29%
S&P 500 -0.90 2,474.02 -0.04% Decliners 2,043 70% Decliners 2,015 71%
Russell 2000 -13.20 1,396.95 -0.94% 52 Wk Highs 62   52 Wk Highs 39  
S&P 600 -7.48 844.00 -0.88% 52 Wk Lows 89   52 Wk Lows 119  

Market Internals Show Distributional Pressure on the Rise

Stocks were lower on Wednesday, but they recovered from the session's lows and had a strong finish. The Dow was down 36 points to 22048. The S&P 500 slipped a point to 2474 and the Nasdaq Composite fell 18 points to 6352. The volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of distributional pressure from large financial institutions. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 24 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from the total of 55 on the prior session. New 52-week highs totals contracted and new 52-week lows expanded, outnumbering new highs on both the NYSE and the Nasdaq exchange.
Charts used courtesy of www.stockcharts.com


PICTURED: The S&P 500 Index is consolidating above its prior high and above its 50-day moving average (DMA) line.
 
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 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 declined on Wednesday as increasing tensions on the geopolitical front pushed investors into safe haven assets. On Tuesday, President Donald Trump issued a warning to North Korea regarding the country’s threats made against the U.S. North Korea responded by stating it is exploring the idea of hitting U.S. territory Guam with a missile strike. In addition, President Trump tweeted on Wednesday that the U.S. nuclear arsenal is "far stronger and more powerful than ever before."

Six of 11 sectors in the S&P 500 ended in negative territory. Consumer Discretionary shares underperformed with the Priceline Group (PCLN -6.94%) gapping down. TripAdvisor (TRIP +2.50%) showed resilience after the travel website operator cut its full-year 2017 guidance. Elsewhere in the consumer space, Walt Disney (DIS -3.88%) fell as quarterly revenue fell short of Street forecasts. Hertz Global Holdings (HTZ +23.04%) rallied for a big gain after turnaround efforts appeared to be on track with July and August showing positive pricing trends. In Tech, DXC Technology (DXC +7.08%) gained as the company reported better-than-expected quarterly results.

Treasuries advanced amid heightened geopolitical fears. The benchmark 10-year note was up 4/32 to yield 2.25%. In commodities, NYMEX WTI crude added 0.8% to $49.56/barrel. COMEX gold gained 1.5% to $1275.20/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.


Financial, Retail, and Energy-Linked Groups Fell

On Wednesday the Bank Index ($BKX -0.56%), Broker/Dealer Index ($XBD -0.32%), and the Retail Index ($RLX -0.76%) ended unanimously lower, dragging the major indices down. The tech sector saw modest losses from the Networking Index ($NWX -0.87%) and Semiconductor Index ($SOX -0.30%) while the Biotechnology Index ($BTK +0.29%) eked out a small gain. The Oil Services Index ($OSX -1.18%) and the Integrated Oil Index ($XOI -0.44%) fell while the Gold & Silver Index ($XAU +1.39%) posted a standout gain. 

Charts courtesy www.stockcharts.com

PICTURED: ThRetail Index ($RLX -0.76%) gapped down but rebounded to close above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  126.13 -1.51 -1.18% -31.37%
Integrated Oil $XOI  1,136.86 -5.05 -0.44% -10.34%
Semiconductor $SOX  1,090.49 -3.28 -0.30% +20.30%
Networking $NWX  458.45 -4.00 -0.87% +2.77%
Broker/Dealer $XBD  231.33 -0.74 -0.32% +12.69%
Retail $RLX  1,503.35 -11.56 -0.76% +11.94%
Gold & Silver $XAU  82.84 +1.13 +1.38% +5.05%
Bank $BKX  96.55 -0.54 -0.56% +5.19%
Biotech $BTK  3,918.94 +11.22 +0.29% +27.44%


Extended From Sound Base With Earnings News Due Next Week

China Lodging Group Ads (HTHT +$0.53 or +0.50% to $105.83) quietly touched yet another new all-time high today. It is very extended from any sound base and on track for a 5th consecutive weekly gain. During its consolidations in recent months it found prompt support near its 50-day moving average (DMA) line. 

It is due to report Jun '17 quarterly results before the open on Thursday, 8/17/17. Volume and volatility often increase near earnings news. It previously reported earnings +74% on +4% sales revenues for first quarter ended March 31, 2017, above
the +25% minimum earnings guideline (C criteria). Its waning sales revenues growth rate was noted as a fundamental concern. Nonetheless, bullish action has continued after it was last shown in this FSU section on 6/28/17 with an annotated graph under the headline, "China-Based Hotel Firm is Extended From Any Sound Base". HTHT was first featured in yellow in the 7/13/16 mid-day report (read here).

The number of top-rated funds owing its shares rose from 87 in Sep '15 to 166 in Jun '17 a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has an A Timeliness rating but a D Sponsorship rating. Its small supply of 27.2 million shares (S criteria) in the public float may 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  
$103.39 -1.36
-1.30%

$104.74

247,471
33.85% of 50 DAV
50 DAV is 731,000
$115.74
-10.67%
6/7/2017 $102.95 PP = $98.92
MB = $103.87
Most Recent Note - 8/8/2017 7:07:01 PM
G - Found support near its 50 DMA line ($103.84) last week. More damaging loses would raise concerns and trigger a technical sell signal. 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  
$23.60 -0.38
-1.58%

$24.02

158,870
57.77% of 50 DAV
50 DAV is 275,000
$25.88
-8.81%
6/9/2017 $24.13 PP = $25.98
MB = $27.28
Most Recent Note - 8/4/2017 12:46:26 PM
G - Rebounding above its 50 DMA line ($23.86) with today's 4th consecutive gain. Recently reported earnings +21% on +27% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria). The 200 DMA line ($22.47) and prior lows in the $21 area define the next important support.
>>> 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  
$57.06 +0.03
0.05%

$57.24

819,841
93.91% of 50 DAV
50 DAV is 873,000
$58.95
-3.21%
7/14/2017 $57.67 PP = $59.05
MB = $62.00
Most Recent Note - 8/8/2017 7:08:35 PM
G - Met resistance at its 50 DMA line ($57.53) recently while rebounding. More damaging losses would raise greater concerns and trigger a worrisome technical sell signal. Reported Jun '17 quarterly earnings +13% on +16% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> 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 
HSKA - NASDAQ
Heska Corporation
DRUGS - Biotechnology  
$98.04 -3.62
-3.56%

$102.00

73,757
99.67% of 50 DAV
50 DAV is 74,000
$115.00
-14.75%
7/31/2017 $114.27 PP = $110.35
MB = $115.87
Most Recent Note - 8/9/2017 4:58:58 PM
G - Slumped below its 50 DMA line ($99.67) with a loss on higher (near average) volume today raising concerns and its color code is changed to green. Encountering distributional pressure since highlighted in yellow in the 7/31/17 mid-day report with pivot point cited based on its high hit on 5/01/17 plus 10 cents. Failed to produce confirming gains since repeatedly noted - "Subsequent gains and a strong finish above its pivot point may clinch a convincing technical buy signal. Small supply of only 6 million shares in the public float (S criteria) can contribute to greater price volatility in the event of institutional buying or selling."
>>> FEATURED STOCK ARTICLE : Small Supply of Shares and Closed In Lower Half of Intra-day Range - 7/31/2017
 |  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  
$116.26 +0.10
0.09%

$116.50

980,368
81.92% of 50 DAV
50 DAV is 1,196,800
$121.75
-4.51%
7/11/2017 $117.23 PP = $121.85
MB = $127.94
Most Recent Note - 8/7/2017 5:04:22 PM
G - Perched within striking distance of its 52-week high but its Relative Strength Rating has slumped to 75, below the 80+ minimum guideline for buy candidates. Still lingering below its 50 DMA line ($116.92). 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Near 50-Day Moving Average Line, Yet Not Far Off High - 8/7/2017
 |  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
NTES - NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers  
$315.05 +5.83
1.89%

$316.40

1,647,067
140.77% of 50 DAV
50 DAV is 1,170,000
$337.55
-6.67%
6/8/2017 $310.76 PP = $307.62
MB = $323.00
Most Recent Note - 8/4/2017 5:38:49 PM
G - Quietly consolidating near its 50 DMA line ($305.32). Due to report Jun '17 earnings news on Wednesday, 8/09/17. Volume and volatility often increase near earnings news. 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 
STMP - NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services  
$214.70 +2.00
0.94%

$216.30

379,313
76.32% of 50 DAV
50 DAV is 497,000
$220.25
-2.52%
5/24/2017 $133.10 PP = $136.10
MB = $142.91
Most Recent Note - 8/7/2017 12:40:59 PM
G - Reported earnings +61% on +38% sales revenues for the Jun '17 quarter. Extended from any sound base after a considerable "breakaway gap" on 8/03/17 for new 52-week and all-time highs. Its 50 DMA line ($150) 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  
$251.52 -0.40
-0.16%

$252.15

1,309,598
174.54% of 50 DAV
50 DAV is 750,300
$297.95
-15.58%
6/15/2017 $261.73 PP = $297.95
MB = $312.85
Most Recent Note - 8/9/2017 1:56:56 PM
Tested prior lows in the $245 area today, an important support level. Gapped down on 8/04/17 and violated its 50 DMA line ($273) triggering a technical sell signal. Reported Jun '17 quarterly earnings -18% on +59% sales revenues, raising fundamental concerns.It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Technical Weakness After Earnings Below System's Guidelines - 8/4/2017
 |  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  
$105.83 +0.53
0.50%

$107.01

215,720
87.34% of 50 DAV
50 DAV is 247,000
$106.35
-0.49%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 8/9/2017 5:34:19 PM
G - Quietly touched another new all-time high today, getting very extended from any sound base. Its 50 DMA line ($86.43) defines near-term support. Due to report earnings news on Thursday, 8/17/17 before the open. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base With Earnings News Due Next Week - 8/9/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LMAT - NASDAQ
Lemaitre Vascular Inc
Medical-Products  
$33.56 -0.50
-1.47%

$33.77

141,880
74.67% of 50 DAV
50 DAV is 190,000
$36.09
-7.01%
7/28/2017 $33.50 PP = $33.32
MB = $34.99
Most Recent Note - 8/4/2017 10:51:18 AM
Y - Pulling back near prior highs in the $32-33 area noted as initial support to watch. Disciplined investors avoid chasing extended stocks more than +5% above prior highs, and they always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Big Volume-Driven Gain Following Strong Earnings News - 7/28/2017
 |  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
BEAT - NASDAQ
BioTelemetry Inc
Medical-Services  
$33.05 -2.20
-6.24%

$36.50

1,032,726
237.63% of 50 DAV
50 DAV is 434,600
$36.50
-9.45%
2/14/2017 $25.10 PP = $24.55
MB = $25.78
Most Recent Note - 8/9/2017 12:15:14 PM
G - Abruptly pulled back from its all-time high today after reporting Jun '17 quarterly earnings +10% on +10% sales revenues, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($32.05) defines near-term support above prior lows.
>>> 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  
$39.04 -0.40
-1.01%

$39.28

1,355,309
267.85% of 50 DAV
50 DAV is 506,000
$41.44
-5.79%
7/3/2017 $38.05 PP = $39.60
MB = $41.58
Most Recent Note - 8/9/2017 12:19:51 PM
Y - Pulling back into the prior base after proposing a new Public Offering on 8/07/17. Powered to new all-time highs with above average volume behind 2 consecutive gains. as it triggered a new (or add-on) technical buy signal. Losses below the 50 DMA line ($37.62) and prior low ($34.08 on 5/05/17) would raise concerns and trigger technical sell signals. Reported Jun '17 quarterly earnings +35% on +27% sales revenues, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of a New High - 8/1/2017
 |  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  
$63.65 +0.82
1.31%

$64.02

1,009,624
64.47% of 50 DAV
50 DAV is 1,566,000
$68.07
-6.49%
7/24/2017 $65.91 PP = $68.17
MB = $71.58
Most Recent Note - 8/7/2017 5:13:26 PM
G - Quiet gain today finishing above its 50 DMA line ($62.92), but it faces resistance due to overhead supply up through the $$68 level. 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 : Slump Below 50-Day Moving Average Line Raises Concerns - 8/2/2017
 |  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  
$167.46 -2.48
-1.46%

$169.88

1,119,236
122.59% of 50 DAV
50 DAV is 913,000
$176.50
-5.12%
8/4/2017 $173.31 PP = $163.07
MB = $171.22
Most Recent Note - 8/8/2017 6:55:16 PM
Y - Color code is changed to yellow after retreating below its "max buy" level. Cleared a new pivot point cited based on its 6/23/17 high plus 10 cents with a big "breakaway gap" on 8/04/17 triggering a technical buy signal. Reported Jun '17 quarterly earnings +81% on +51% sales revenues, continuing its strong earnings history.
>>> 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  
$55.82 -0.27
-0.48%

$55.82

2,013,204
96.28% of 50 DAV
50 DAV is 2,091,000
$57.26
-2.51%
6/21/2017 $47.33 PP = $46.94
MB = $49.29
Most Recent Note - 8/8/2017 6:53:37 PM
G - Pulled back today after spiking to new 52-week and all-time highs with 3 consecutive volume-driven gains. Color code was changed to green after rallying above its "max buy" level. Reported earnings +13% on +32% sales revenues for the Jun '17 quarter, 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 : Spiked Into New High Territory Despite Sub Par Earnings News - 8/8/2017
 |  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
IBP - NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services  
$58.60 +0.05
0.09%

$58.75

91,393
69.24% of 50 DAV
50 DAV is 132,000
$60.00
-2.33%
6/13/2017 $54.25 PP = $55.55
MB = $58.33
Most Recent Note - 8/8/2017 6:58:21 PM
G - Color code is changed to green after rising just above its "max buy" level. A big volume-driven gain on 8/04/17 triggered a technical buy signal. Reported earnings +48% on +33% sales revenues for the Jun '17 quarter.
>>> 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 
NCOM - NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks  
$39.85 -0.05
-0.13%

$40.05

28,857
90.18% of 50 DAV
50 DAV is 32,000
$41.25
-3.39%
4/25/2017 $38.95 PP = $40.09
MB = $42.09
Most Recent Note - 8/4/2017 5:33:26 PM
Y - Consolidating above support at its 50 DMA line ($39.30). Subsequent damaging losses violating it or the recent lows would trigger technical sell signals. Reported Jun '17 earnings +23% on +45% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> 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 
HQY - NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$47.48 -0.04
-0.08%

$48.01

230,134
43.50% of 50 DAV
50 DAV is 529,000
$54.95
-13.59%
6/7/2017 $50.01 PP = $49.35
MB = $51.82
Most Recent Note - 8/4/2017 5:35:15 PM
G - Still sputtering well below its 50 DMA line ($49.35). A rebound above the 50 DMA line is needed for its outlook to 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 
OLLI - NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety  
$44.20 -0.65
-1.45%

$44.95

511,982
70.33% of 50 DAV
50 DAV is 728,000
$46.08
-4.07%
7/17/2017 $43.96 PP = $44.18
MB = $46.39
Most Recent Note - 8/7/2017 5:05:31 PM
Y - Encountered distributional pressure today while perched near its 52-week high. 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 ($42.59) 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 
LITE - NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment  
$57.40 -1.85
-3.12%

$64.50

6,298,047
356.43% of 50 DAV
50 DAV is 1,767,000
$68.63
-16.36%
7/13/2017 $64.15 PP = $67.40
MB = $70.77
Most Recent Note - 8/9/2017 12:37:00 PM
G - After reporting earnings -5% on -8% sales revenues for the Jun '17 quarter, raising fundamental concerns, it gapped up today but quickly reversed into the red. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. 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 
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.
INTERNET - Content  
$45.35 -0.45
-0.98%

$45.77

6,019,099
113.89% of 50 DAV
50 DAV is 5,285,100
$46.69
-2.87%
7/25/2017 $44.05 PP = $46.05
MB = $48.35
Most Recent Note - 8/7/2017 5:08:49 PM
Y - Quietly rose with below average volume to a best-ever close today. Perched within close striking distance of the 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.
>>> 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  
$35.36 -0.43
-1.20%

$35.75

152,708
86.77% of 50 DAV
50 DAV is 176,000
$39.68
-10.89%
5/10/2017 $35.85 PP = $35.05
MB = $36.80
Most Recent Note - 8/8/2017 7:01:58 PM
G - Consolidating near prior highs in the $35-36 area and its 50 DMA line ($35.55) defining important near-term support to watch. More damaging losses would raise concerns.
>>> FEATURED STOCK ARTICLE : Extended Leader Encounters Distributional Pressure - 7/27/2017
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