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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 13TH, 2018
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +147.07 26,145.99 +0.57% Volume 756,849,990 -1% Volume 2,320,475,420 -2%
NASDAQ +59.48 8,013.71 +0.75% Advancers 1,679 57% Advancers 1,579 52%
S&P 500 +15.26 2,904.18 +0.53% Decliners 1,277 43% Decliners 1,450 48%
Russell 2000 -1.38 1,714.32 -0.08% 52 Wk Highs 134   52 Wk Highs 146  
S&P 600 -0.33 1,078.98 -0.03% 52 Wk Lows 85   52 Wk Lows 69  

Breadth Positive and Leadership Improved as Major Indices Rose

Stocks finished higher Thursday. The Dow added 147 points to 26145, while the S&P 500 gained 15 points to 2904. The Nasdaq Composite climbed 59 points to 8013. The volume totals reported were lighter on the NYSE and on the Nasdaq exchange versus the prior session's totals. Breadth was positive as advancers led decliners by a 4-3 margin on the NYSE and by an 8-7 margin on the Nasdaq exchange. There were 76 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 54 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices (M criteria) remain in a confirmed uptrend with a healthy crop of stocks hitting new highsThFeatured Stocks Page provides the most timely analysis on high-ranked leaders.
Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is perched -1.8% off its record high hit January 26, 2018.

The major averages advanced as strength in the Technology and Healthcare sectors provided a tailwind to the market. In geopolitics, investors reacted positively to news that the U.S. and China have agreed to resume trade discussions in the near future. On the data front, an update on inflation showed consumer prices, excluding food and energy, advanced 2.2% year-over-year in August, below the prior reading and consensus forecasts of a 2.4% gain. Separately, initial jobless claims came in at 204,000 for the most recent week. A flurry of central bank news also garnered investor attention as The Bank of England (BOE) and European Central Bank (ECB) both left rates unchanged at the conclusion of their policy meetings.

Nine of 11 S&P 500 sectors finished higher led by Healthcare. The group paced gains, climbing more than 1.1%, as several companies were the subject of analyst upgrades. Technology rebounded from recent weakness as shares of Apple (AAPL +2.42%) rose. Shares of Qualcomm (QCOM +3.99%) after the chipmaker announced a $16 billion share buyback.

Treasuries were little changed, as the yield on the 10-year climbed one basis point to 2.97%. In commodities, WTI crude fell 2.3% to $68.78/barrel. COMEX gold lost 0.4% to $1201.20/ounce despite a weaker dollar.

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 Showed a Positive Bias

The tech sector had a positive bias as the Semiconductor Index ($SOX +1.20%), Biotech Index ($BTK +0.51%), and the Networking Index ($NWX +0.57%) posted unanimous gains on ThursdayThe Broker/Dealer Index ($XBD +0.47%) posted a small gain while the Retail Index ($RLX -0.42%) and the Bank Index ($BKX -1.09%) both fellThe Gold & Silver Index ($XAU -0.50%) and Oil Services Index ($OSX -0.80%) both lost ground while the Integrated Oil Index ($XOI +0.38%) eked out a small gain 

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.42%) 2-year chart shows it perched near its record high after a considerable rally. Strength in the retail index remains a reassuring sign, since consumer spending accounts for nearly 2/3 of the total economy.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  140.03 -1.13 -0.80% -6.37%
Integrated Oil $XOI  1,489.33 +5.60 +0.38% +11.51%
Semiconductor $SOX  1,362.20 +16.18 +1.20% +8.71%
Networking $NWX  567.08 +3.23 +0.57% +15.61%
Broker/Dealer $XBD  268.97 +1.25 +0.47% +1.41%
Retail $RLX  2,422.34 -10.15 -0.42% +39.72%
Gold & Silver $XAU  63.74 -0.32 -0.50% -25.25%
Bank $BKX  107.10 -1.18 -1.09% +0.37%
Biotech $BTK  5,150.14 +26.32 +0.51% +21.98%


Visa Near Record but Endured Distributional Pressure

Visa Inc (V +$1.06 or +0.72 to $147.63) is extended from any sound base and recently endured distributional pressure. Its 50-day moving average (DMA) line ($141) and prior low ($135.31 on 7/30/18) define important near-term support to watch on pullbacks. 

Fundamentals remain strong. It reported earnings +40% on +15% sales revenues for the Jun '18 quarter. The past 3 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Its strong and steady annual earnings history satisfies the A criteria.

It was last shown in this FSU section on 7/27/18 with an annotated graph under the headline, "Perched Near All-Time High After Rally From 50-Day Average". Visa was highlighted in yellow at $126.68 with pivot point cited based on its 1/29/18 high plus 10 cents in the 4/26/18 mid-day report (read here). It gapped up hitting a new all-time high closed above its pivot point with a big gain backed by +81% above average volume triggering a convincing technical buy signal.

The number of top-rated funds owning its shares rose from 3,624 in Jun '17 to 4,073 in Jun '18, a reassuring sign concerning the I criteria, however it is already well known by the institutional crowd.There are also 2.03 billion shares outstanding (S criteria), which can make it a less likely sprinter. Leadership shown by other firms in the Finance - Credit Card Payment Processing group (L criteria) has been a reassuring sign.

Charts courtesy wwwstockcharts.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
OSBC - NASDAQ
Old Second Bancorp Inc
BANKING - Regional - Midwest Banks  
$15.30 +0.00
0.00%

$15.40

57,396
75.52% of 50 DAV
50 DAV is 76,000
$16.30
-6.13%
5/21/2018 $15.50 PP = $15.10
MB = $15.86
Most Recent Note - 9/12/2018 7:27:27 PM
G - Consolidating above its 50 DMA line ($15.21). The prior low ($14) and 200 DMA line define additional near-term support. Its Relative Strength Rating is 80, at the minimum guideline for buy candidates. Met stubborn resistance after hitting a new high on 7/26/18 with a big volume-driven gain. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Bank Perched Less Than -5% Off Record High - 8/23/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SIVB - NASDAQ
S V B Financial Group
BANKING - Regional - Pacific Banks  
$314.81 -2.60
-0.82%

$321.98

280,062
69.15% of 50 DAV
50 DAV is 405,000
$333.74
-5.67%
8/6/2018 $314.77 PP = $329.75
MB = $346.24
Most Recent Note - 9/12/2018 7:26:11 PM
Y - Slumped near its 50 DMA line ($315.25) today, and further deterioration would raise concerns. Met resistance in recent weeks near prior highs. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a convincing new technical buy signal.
>>> FEATURED STOCK ARTICLE : Bank Posted Quiet Gain for a Best-Ever Close - 8/27/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ZBRA - NASDAQ
Zebra Tech Corp Cl A
COMPUTER HARDWARE - Computer Peripherals  
$176.31 +1.62
0.93%

$177.56

244,435
66.79% of 50 DAV
50 DAV is 366,000
$175.26
0.60%
8/7/2018 $164.26 PP = $161.82
MB = $169.91
Most Recent Note - 9/12/2018 7:33:00 PM
G - Extended from any sound base after today's 4th consecutive gain with light volume for a new all-time high. Prior high in the $161 area defines initial support above its 50 DMA line ($156) Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Big Gain for New High Backed by Heavy Volume - 8/7/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$139.94 +0.23
0.16%

$141.27

220,339
45.43% of 50 DAV
50 DAV is 485,000
$144.19
-2.95%
7/5/2018 $123.70 PP = $131.85
MB = $138.44
Most Recent Note - 9/6/2018 12:32:13 PM
Y - Color code is changed to yellow while pulling back below its "max buy" level. Prior highs in the $137 area define near term support along with its 50 DMA line ($132.75). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Tech Services Firm Remains Fundamentally and Technically Strong - 8/20/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
IRBT - NASDAQ
Irobot Corp
CONSUMER DURABLES - Electronic Equipment  
$106.75 -1.45
-1.34%

$109.89

459,432
46.93% of 50 DAV
50 DAV is 979,000
$118.75
-10.11%
8/29/2018 $112.07 PP = $109.88
MB = $115.37
Most Recent Note - 9/13/2018 5:47:42 PM
Y - Still sputtering below its pivot point. A big loss 9/06/18 on higher volume raised concerns while negating the recent breakout. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Household Appliance Maker Rallied From Choppy Base - 8/29/2018
 |  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
TSC - NASDAQ
TriState Capital Hld Inc
CONSUMER NON-DURABLES - Personal Products  
$28.50 -0.95
-3.23%

$29.65

327,933
218.62% of 50 DAV
50 DAV is 150,000
$30.10
-5.32%
9/11/2018 $29.75 PP = $30.20
MB = $31.71
Most Recent Note - 9/13/2018 1:22:18 PM
G - Slumping today, raising concerns while violating its 50 DMA line ($28.77), and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : TriState Bank Perched Near All-Time High - 9/11/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$221.64 +0.63
0.29%

$222.50

489,685
83.14% of 50 DAV
50 DAV is 589,000
$225.92
-1.89%
9/12/2018 $221.01 PP = $226.02
MB = $237.32
Most Recent Note - 9/12/2018 7:22:46 PM
Y - Color code is changed to yellow after rallying above its 50 DMA line ($217). New pivot point cited is based on its 7/25/18 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. The prior low ($210.64 on 8/03/18) defines important near-term support above its 200 DMA line($202). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Average With Loss on Higher Volume - 8/3/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MA - NYSE
Mastercard Inc Cl A
Finance-CrdtCard/PmtPr  
$217.22 +3.19
1.49%

$218.69

3,865,548
126.28% of 50 DAV
50 DAV is 3,061,000
$217.35
-0.06%
7/11/2018 $203.84 PP = $204.10
MB = $214.31
Most Recent Note - 9/12/2018 7:29:34 PM
Y - Quietly perched near its all-time high. Its 50 DMA line ($206) defines support above the prior lows in the $193-196 area. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support Near 50-Day Moving Average Line - 8/10/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
V - NYSE
Visa Inc Cl A
Finance-CrdtCard/PmtPr  
$147.63 +1.06
0.72%

$148.07

5,717,046
79.07% of 50 DAV
50 DAV is 7,230,000
$147.86
-0.16%
4/26/2018 $126.68 PP = $126.98
MB = $133.33
Most Recent Note - 9/13/2018 5:40:45 PM
G - Endured distributional pressure and it is extended from any sound base. Its 50 DMA line ($141) and recent low ($135.31 on 7/30/18) define important near-term support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Visa Near Record but Endured Distributional Pressure - 9/13/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NANO - NASDAQ
Nanometrics Inc
ELECTRONICS - Scientific and Technical Instrum  
$37.03 -0.02
-0.05%

$37.81

509,056
126.00% of 50 DAV
50 DAV is 404,000
$48.26
-23.27%
8/13/2018 $44.17 PP = $44.27
MB = $46.48
Most Recent Note - 9/12/2018 7:12:34 PM
G - Slumped further below its 50 DMA line ($40.05) with today's 8th consecutive volume-driven loss raising concerns. A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Five Times Average Volume Behind Breakout Gain - 8/13/2018
 |  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
ENV - NYSE
Envestnet Inc
FINANCIAL SERVICES - Diversified Investments  
$63.80 +0.65
1.03%

$63.95

187,711
69.52% of 50 DAV
50 DAV is 270,000
$64.00
-0.31%
6/15/2018 $57.85 PP = $60.37
MB = $63.39
Most Recent Note - 9/12/2018 7:19:17 PM
Y - Perched near its all-time high, stubbornly holding its ground. Found prompt support near its 50 DMA line ($60.23) in recent weeks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Earnings News Due for Financial Firm Perched Near High - 8/6/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
TPL - NYSE
Texas Pacific Land Trust
Real Estate Dvlpmt/Ops  
$841.16 +6.16
0.74%

$844.99

7,744
59.57% of 50 DAV
50 DAV is 13,000
$874.00
-3.76%
7/5/2018 $714.90 PP = $739.99
MB = $776.99
Most Recent Note - 9/11/2018 12:30:40 PM
G - Stubbornly holding its ground perched near its all-time high, extended from any sound base. The 50 DMA line ($789) and recent low ($760 on 8/15/18) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Best Ever Close After a Solid Gain on Higher Volume - 9/4/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FIZZ - NASDAQ
National Beverage Corp
FOOD and BEVERAGE - Beverages - Soft Drinks  
$123.50 -0.65
-0.52%

$124.94

161,377
80.29% of 50 DAV
50 DAV is 201,000
$127.32
-3.00%
9/6/2018 $125.92 PP = $129.92
MB = $136.42
Most Recent Note - 9/12/2018 12:16:01 PM
Y - Rallying near prior highs with today's 3rd consecutive gain backed by above average volume. Highlighted in yellow with new pivot point cited based on its 9/11/17 high plus 10 cents in the 9/06/18 mid-day report, it challenged its high with a big gain backed by +111% above average volume, but met resistance. Subsequent gains above the pivot point for a a new high (N criteria) backed by at least +40% above average volume may trigger a proper technical buy signal. Reported Jun '17 quarterly earnings +32% on +20% sales revenues, continuing its streak of strong quarterly earnings (C criteria) results. Annual earnings (A criteria) growth has been strong after a downturn in FY '14. Small supply of only 11.2 million shares (S criteria) in the public float can contribute to greater volatility.
>>> FEATURED STOCK ARTICLE : Strong Beverage Firm Challenges Prior High - 9/6/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ODFL - NASDAQ
Old Dominion Fght Line
TRANSPORTATION - Trucking  
$166.38 -0.23
-0.14%

$168.02

400,828
68.63% of 50 DAV
50 DAV is 584,000
$170.22
-2.26%
9/6/2018 $163.11 PP = $164.20
MB = $172.41
Most Recent Note - 9/7/2018 6:04:46 PM
Y -Reversed into the red today after early gains into new high territory. Highlighted in yellow with new pivot point cited based on its 6/12/18 high plus 10 cents in the prior mid-day report. Gain above the pivot point backed by +80% above average volume triggered a technical buy signal. Found support near its 200 DMA line during the consolidation since last noted in the 7/26/18 mid-day report - "Reported Jun '18 quarterly earnings +67% on +23% sales revenues, its 3rd consecutive strong quarterly comparison versus the year-ago period." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Trucking Firm Perched at All-Time High - 9/7/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
DPZ - NYSE
Dominos Pizza Inc
Retail-Restaurants  
$284.84 +0.15
0.05%

$286.18

275,664
48.19% of 50 DAV
50 DAV is 572,000
$305.34
-6.71%
8/13/2018 $288.60 PP = $293.91
MB = $308.61
Most Recent Note - 9/11/2018 5:12:23 PM
Y - Still enduring mild distributional pressure after recently wedging to new 52-week highs with gains lacking volume conviction. Subsequent gains above the pivot point backed by at least +40% above average volume are still needed to clinch a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Pulling Back After Wedging Gains for Highs Lacked Great Volume - 9/5/2018
 |  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
FIVE - NASDAQ
Five Below Inc
Retail-DiscountandVariety  
$130.85 -0.52
-0.40%

$132.95

798,399
86.97% of 50 DAV
50 DAV is 918,000
$136.13
-3.88%
7/6/2018 $98.90 PP = $104.09
MB = $109.29
Most Recent Note - 9/7/2018 11:42:12 AM
G - Gapped up today hitting a new all-time high and getting very extended from any sound base. Bullish action came after reporting earnings +40% on +23% sales revenues for the Jul '18 quarter, continuing its strong earnings track record. Prior highs and its 50 DMA line ($105.50) define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Perched Near Record High - 8/16/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NOW - NYSE
Servicenow Inc
Computer Sftwr-Enterprse  
$204.58 +1.81
0.89%

$206.30

1,469,903
85.41% of 50 DAV
50 DAV is 1,721,000
$203.34
0.61%
8/24/2018 $193.83 PP = $194.91
MB = $204.66
Most Recent Note - 9/12/2018 7:35:15 PM
Y - Finished strong today as it posted a 5th consecutive gain with near average volume and hit a new 52-week high. The 8/29/18 gain above the pivot point backed by +77% above average volume clinched a new (or add-on) technical buy signal. The recent low ($174) defines the next important near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Average Line Raises Concerns - 8/17/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$89.20 -0.25
-0.28%

$90.80

85,732
114.31% of 50 DAV
50 DAV is 75,000
$92.75
-3.83%
6/15/2018 $7,070.00 PP = $72.00
MB = $75.60
Most Recent Note - 9/12/2018 7:31:07 PM
G - Perched near its all-time high, extended from any sound base. Completed a new Public Offering on 8/09/18. Its 50 DMA line ($81.32) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Remains Perched Near All-Time High Following Offering - 8/21/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$236.10 -0.13
-0.06%

$239.50

703,568
56.56% of 50 DAV
50 DAV is 1,244,000
$238.25
-0.90%
6/12/2018 $206.55 PP = $214.69
MB = $225.42
Most Recent Note - 9/10/2018 12:29:10 PM
G - Hitting another new all-time high with today's 2nd consecutive volume-driven gain. Its 50 DMA line ($214.64) defines initial support above the prior low ($193 on 7/30/18). Reported +39% earnings on +29% sales revenues for the Jul '18 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Violated 50-day Average With Volume-driven Loss - 7/31/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$94.85 -0.50
-0.52%

$96.70

183,932
55.74% of 50 DAV
50 DAV is 330,000
$98.30
-3.51%
8/31/2018 $91.05 PP = $98.40
MB = $103.32
Most Recent Note - 9/12/2018 7:37:18 PM
Y - Color code is changed to yellow while consolidating above its 50 DMA line ($90.04). Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. The recent low ($82.91 on 8/15/18) defines the next important near term support to watch.
>>> FEATURED STOCK ARTICLE : Cloud Security Firm Faces Some Near Term Resistance - 9/3/2018
 |  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
ANET - NYSE
"Arista Networks, Inc"
TELECOMMUNICATIONS - Communication Equipment  
$270.06 +2.21
0.83%

$272.00

826,862
76.19% of 50 DAV
50 DAV is 1,085,200
$313.37
-13.82%
8/24/2018 $308.26 PP = $311.77
MB = $327.36
Most Recent Note - 9/13/2018 5:44:23 PM
G - Color code is changed to green while sputtering below its 50 DMA line ($273.59). Found support at its 200 DMA line ($263), but more damaging losses would raise serious concerns. Subsequent gains above its 50 DMA line are needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Considerable Gap Up Gain With Heavy Volume - 8/24/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PAYC - NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$162.09 +3.23
2.03%

$162.72

653,944
87.66% of 50 DAV
50 DAV is 746,000
$159.85
1.40%
8/1/2018 $122.87 PP = $118.55
MB = $124.48
Most Recent Note - 9/13/2018 5:45:46 PM
G - Hit yet another new all-time high today, getting very extended from any sound base. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Bullish Action Followed Strong Earnings News - 8/1/2018
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GRUB - NYSE
Grubhub Inc
INTERNET - Content  
$144.97 +2.37
1.66%

$145.40

693,476
48.84% of 50 DAV
50 DAV is 1,420,000
$147.72
-1.86%
8/24/2018 $138.44 PP = $141.16
MB = $148.22
Most Recent Note - 9/11/2018 5:13:47 PM
Y - Posted a solid gain today with only average volume as it hit a new all-time high. Recent gains lacked great volume conviction. Gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Hovering Near Record High Following Considerable Rally - 8/2/2018
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HQY - NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$94.31 -0.20
-0.21%

$95.77

742,315
186.04% of 50 DAV
50 DAV is 399,000
$97.94
-3.71%
8/13/2018 $82.39 PP = $83.44
MB = $87.61
Most Recent Note - 9/13/2018 12:53:22 PM
G - Very extended from any sound base. Its 50 DMA line ($85) and prior highs in the $82-83 area define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Any Sound Base After Streak of Gains - 9/10/2018
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PYPL - NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr  
$92.19 -0.21
-0.23%

$93.70

7,995,183
114.01% of 50 DAV
50 DAV is 7,013,000
$93.44
-1.34%
7/23/2018 $89.24 PP = $87.55
MB = $91.93
Most Recent Note - 9/12/2018 7:17:06 PM
G - Posted a 3rd consecutive gain and its color code is changed to green after rising back above its "max buy" level. Its 50 DMA line ($87.71) defines support above prior lows in the $80-81 area. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Near High - 9/12/2018
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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
OLLI - NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety  
$90.55 -0.30
-0.33%

$92.14

495,943
80.64% of 50 DAV
50 DAV is 615,000
$94.70
-4.38%
7/12/2018 $74.43 PP = $77.60
MB = $81.48
Most Recent Note - 9/6/2018 1:19:28 PM
G - Reported earnings +48% on +13% sales revenues for the Jul '18 quarter, continuing its strong earnings track record. Extended from any sound base and perched at its all-time high after 14 consecutive gains. Prior highs in the $77 area define initial support to watch above its 50 DMA line ($75.24).
>>> FEATURED STOCK ARTICLE : Hitting New Highs With More Volume-Driven Gains - 8/22/2018
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NOVT - NASDAQ
Novanta Inc
Elec-Scientific/Msrng  
$74.20 -0.85
-1.13%

$76.15

140,975
75.39% of 50 DAV
50 DAV is 187,000
$78.85
-5.90%
7/12/2018 $65.90 PP = $68.10
MB = $71.51
Most Recent Note - 9/12/2018 7:14:24 PM
G - Managed a "positive reversal" today. It is extended from the prior base. Its 50 DMA line ($69.94) and prior highs in the $68-69 area define support
>>> FEATURED STOCK ARTICLE : Electronic Systems Leader is Extended From Prior Base - 8/30/2018
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TEAM - NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs  
$93.42 +3.84
4.29%

$94.72

1,878,794
142.77% of 50 DAV
50 DAV is 1,316,000
$92.26
1.26%
7/27/2018 $73.73 PP = $68.85
MB = $72.29
Most Recent Note - 9/11/2018 5:15:57 PM
G - Posted a gain on light volume ending near its all-time high, very extended from any sound base. The 50 DMA line ($75.68) defines near-term support to watch on pullbacks. Fundamentals through Jun '18 have been strong.
>>> FEATURED STOCK ARTICLE : Pullback Following Recent technical Breakout - 7/30/2018
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SEND - NYSE
Sendgrid Inc
INTERNET - Content  
$37.26 +0.22
0.59%

$37.99

520,030
57.08% of 50 DAV
50 DAV is 911,000
$38.66
-3.62%
8/13/2018 $32.20 PP = $32.13
MB = $33.74
Most Recent Note - 9/12/2018 7:24:38 PM
G - Very extended from the latest base, it pulled back from its all-time high with a loss today on light volume. Prior highs in the $32 area define initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Strength Returned After Finding Support Near Prior Lows - 8/14/2018
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