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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 20TH, 2013
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Indices NYSE Nasdaq
DOW  -185.46 15,451.09 -1.19% Volume 2,060,323,590 +179% Volume 2,322,819,900 +34%
NASDAQ -14.65 3,774.73 -0.39% Advancers 853 27% Advancers 1,194 45%
S&P 500 -12.43 1,709.91 -0.72% Decliners 2,185 70% Decliners 1,366 52%
Russell 2000 -2.44 1,072.83 -0.23% 52 Wk Highs 158   52 Wk Highs 174  
S&P 600 -0.68 605.28 -0.11% 52 Wk Lows 30   52 Wk Lows 15  

Indices Endured Distributional Session as Options Expiration Inflated Volume Totals

Despite Friday's decline, the major averaged finished the week higher. The Dow Jones Industrial Average was up +0.5%, the S&P 500 Index rose +1.3% while the Nasdaq Composite Index gained +1.4%.  Volume totals were higher on the NYSE and on the Nasdaq exchange, inflated by options expirations. Breadth was negative as decliners led advancers by nearly an 11-4 margin on the NYSE and by a 7-6 margin on the Nasdaq exchange.  There were 70 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the total of 107 stocks on the prior session. The list of stocks hitting new 52-week highs contracted yet still solidly outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 11 of the 21 high-ranked companies currently included on the Featured Stocks Page.

The major averages finished firmly in negative territory amid concerns when the Fed may start tapering its asset purchases. In an interview this morning, St. Louis President James Bullard indicated the central bank could start trimming its bond buying program at the October policy meeting. Renewed debate in Washington DC over the federal spending also provided a headwind to the market.

On the earnings front, Darden Restaurants (DRI -7.14%) fell after quarterly results missed analyst projections. All 10 sectors in the S&P 500 were down on the session. Telecom and utilities were the worst performing groups as Verizon Communications Inc (VZ -1.50%) and Duke Energy Corp (DUK -0.84%) fell. Materials also weighed on the market with Newmont Mining (NEM -5.74%) as the price of gold declined. Shares of Netflix Inc (NFLX +2.73%) were a notable gainer, rising on reports the company's Canadian subscribers may have doubled. Cintas Corp (CTAS +0.73%) edged higher after the uniform maker increased its annual forecast. Health care was a notable gainer with Celgene Corp (CELG +0.91%) hitting a new 52-week high with a volume-driven gain.

Treasuries were higher with the 10-year note rising 5/32 to yield 2.73%.

New buying efforts in stocks are justified under the fact-based system while the market (M criteria) is currently in a confirmed rally. Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Dow Jones Industrial Average touched a new all-time high this week, but stocks retreated on Friday with heavy volume.


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.


Commodity-Linked, Tech, and Retail Indexes Fell

Financial shares were mixed as the Bank Index ($BKX -0.31%) edged lower while the Broker/Dealer Index ($XBD +0.35%) posted a comparable gain. The Gold & Silver Index ($XAU -6.08%) was a standout decliner, surrendering a substantial part of the week's earlier gains. Energy-related shares fell as the Oil Services Index ($OSX -1.55%) and the Integrated Oil Index ($XOI -0.66%) lost ground.  There were unanimous small losses in the tech sector indexes as the Networking Index ($NWX -0.66%), Biotechnology Index ($BTK -0.93%), Semiconductor Index ($SOX -0.59%), and the Internet Index ($IIX -0.28%) fell.  The Retail Index ($RLX -0.60%) and the Healthcare Index ($HMO -0.38%) also created a drag on the market.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.31%) encountered resistance at its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  273.11 -4.30 -1.55% +24.05%
Healthcare $HMO  3,423.67 -13.23 -0.38% +36.17%
Integrated Oil $XOI  1,413.65 -9.43 -0.66% +13.84%
Semiconductor $SOX  493.15 -2.94 -0.59% +28.40%
Networking $NWX  304.74 -2.02 -0.66% +34.51%
Internet $IIX  421.18 -1.19 -0.28% +28.80%
Broker/Dealer $XBD  139.75 +0.49 +0.35% +48.15%
Retail $RLX  855.42 -5.16 -0.60% +30.99%
Gold & Silver $XAU  95.75 -6.20 -6.08% -42.18%
Bank $BKX  63.59 -0.20 -0.31% +24.01%
Biotech $BTK  2,217.11 -20.74 -0.93% +43.31%


Volume-Driven Gain Challenging New Pivot Point

Celgene Corp (CELG  +$1.27 or +0.86% to $149.79) hit a new 52-week high today with volume more than 2 times average. It traded above the new pivot point cited based on its 8/01/13 high plus 10 cents, but it encountered some distributional pressure and ended the session below is pivot point.  Additional volume-driven gains and a strong finish above the pivot point may help to clinch a proper new (or add-on) technical buy signal. It formed an orderly base-on-base type pattern. Its 50-day-moving average (DMA) line defines important chart support. CELG was last shown in this FSU section on 8/21/13 with an annotated graph under the headline, "Consolidating Above Prior Highs and 50-Day Moving Average".  The high-ranked Medical - Biomed/Biotech firm reported earnings +25% on +17% sales revenues for the Jun '13 quarter versus the year ago period, maintaining its strong earnings history (C and A criteria).

The stock's Accumulation/ Distribution Rating is a B+. Its current Up/Down Volume Ratio of 1.5 is an unbiased bullish indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 1,623 in Dec '11 to 1,983 in Jun '13, a reassuring trend concerning the I criteria.  However, the company is already well-known by the institutional crowd, and that means that very few are likely to just be discovering it.


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
AVG - NYSE
A V G Technologies N.V.
INTERNET - Internet Software and Services  
$26.21 +0.24
0.92%

$26.56

1,407,896
163.52% of 50 DAV
50 DAV is 861,000
$25.99
0.87%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/18/2013 12:23:14 PM
G - Color code is changed to green after rallying beyond its "max buy" level. Triggered a technical buy signal on 9/16/13 with 5 times average volume behind its breakout gain above the pivot point. More details and an annotated graph were included on 9/13/13 in the latest FSU analysis under the headline, "Rallying Near Pivot Point With Greater Volume Conviction".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.

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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$15.88 +0.32
2.06%

$15.88

345,902
92.36% of 50 DAV
50 DAV is 374,500
$18.10
-12.27%
8/7/2013 $12.01 PP = $13.30
MB = $13.97
Most Recent Note - 9/19/2013 7:14:36 PM
G - Rallied for a big gain on average volume today after a streak of 5 consecutive losses as it endured distributional pressure. Its choppy 6-week consolidation above its 50 DMA line and prior highs is not recognized as a sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.

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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$149.86 +1.34
0.90%

$151.95

5,256,133
208.62% of 50 DAV
50 DAV is 2,519,500
$151.20
-0.89%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/20/2013 5:41:39 PM

Y - Hit a new 52-week high today with +208% above average volume, but it finished just below the new pivot point recently cited. See the latest FSU analysis for more details and a new annotated graph.


>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.38 +0.11
0.40%

$27.88

87,578
124.75% of 50 DAV
50 DAV is 70,200
$28.24
-3.05%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/16/2013 6:53:19 PM
Y - Finished lower today following a "negative reversal" after hitting a new 52-week high. Highlighted in yellow with a new pivot point based on its 7/25/13 high plus 10 cents. Reported earnings +33% on +15% sales revenues for the Jun '13 quarter. Found support at its 50 DMA line again since noted in the 7/26/13 mid-day report - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years." See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$110.68 -0.05
-0.05%

$111.64

1,429,113
237.39% of 50 DAV
50 DAV is 602,000
$112.50
-1.62%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/20/2013 5:50:19 PM
G - Perched near all-time highs after completing a Secondary Offering on 9/11/13. FLT has traded up as much as +58% since first featured in yellow in the mid-day report on 3/21/13 (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2013. Click here.

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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
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$43.60 +1.42
3.37%

$43.60

1,202,470
147.34% of 50 DAV
50 DAV is 816,100
$44.30
-1.58%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/20/2013 5:52:22 PM
Y - Closed at a new high after rallying above its pivot point today with +47% above average volume triggering a new technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$75.98 -1.51
-1.95%

$77.29

3,431,178
94.75% of 50 DAV
50 DAV is 3,621,300
$78.62
-3.36%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/17/2013 3:04:29 PM
G - Extended from its prior base and volume totals have been cooling while consolidating near its 52-week high. Its 50 DMA line defines support above prior highs in the $66 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$39.04 -0.56
-1.41%

$39.84

555,954
139.72% of 50 DAV
50 DAV is 397,900
$39.99
-2.37%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/18/2013 7:39:16 PM
G - Surged to a new all-time high with today's gain backed by above average volume. Fundamental concerns remain while technical action has been reassuring.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2013. Click here.

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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$25.82 +0.27
1.06%

$26.00

33,031
88.79% of 50 DAV
50 DAV is 37,200
$26.96
-4.23%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/20/2013 6:00:33 PM
G - Color code is changed to green as it is extended from its prior base. Perched at its 52-week high, stubbornly holding its ground and wedging higher with gains lacking great volume conviction since recently paying a $2.00 per share Special Dividend (latest Pivot Point, Max Buy and Featured Price were adjusted to accordingly).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2013. Click here.

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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,003.01 +2.39
0.24%

$1,007.15

568,230
91.34% of 50 DAV
50 DAV is 622,100
$1,003.31
-0.03%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/19/2013 7:11:16 PM
Y - Inched higher on below average volume today, wedging above its new pivot point cited based on its 8/09/13 high plus 10 cents. Subsequent volume-driven gains may clinch a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2013. Click here.

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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
PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$59.09 -0.43
-0.72%

$59.57

378,503
72.79% of 50 DAV
50 DAV is 520,000
$59.94
-1.42%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/17/2013 3:19:21 PM
G - Extended from its prior base and hovering very near its 52-week high for the past week with volume totals cooling. Found support above its 50 DMA line during the latest consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$78.28 +0.45
0.58%

$78.28

649,187
164.39% of 50 DAV
50 DAV is 394,900
$77.93
0.45%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/19/2013 7:19:20 PM
G - Hit a new 52-week high with today's 4th consecutive gain with near average volume. Support to watch is at prior highs and above its 50 DMA line coinciding in the $67 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2013. Click here.

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QCOR - NASDAQ
Questcor Pharmaceuticals
DRUGS - Biotechnology  
$55.33 -5.35
-8.82%

$61.78

7,409,708
441.53% of 50 DAV
50 DAV is 1,678,200
$74.76
-25.99%
7/31/2013 $66.46 PP = $59.01
MB = $61.96
Most Recent Note - 9/20/2013 3:07:00 PM
Down considerably today on heavier volume after a damaging violation of its 50 DMA line on the prior session triggered a technical sell signal. It will be dropped from the Featured Stocks list tonight due to technical deterioration. Only a prompt rebound above the 50 DMA line may help its outlook improve. Members were recently cautioned - "A breach of the prior low ($60.31 on 9/11/13) may trigger a more worrisome technical sell signal."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$47.62 -1.13
-2.32%

$50.19

1,295,016
139.91% of 50 DAV
50 DAV is 925,600
$53.77
-11.44%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/18/2013 12:45:14 PM
G - Rebounding toward its prior high with above average volume behind today's considerable gain. Recently noted - "It is still very extended from any sound base. Recent highs near $42 define initial support to watch on pullbacks."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2013. Click here.

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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$39.39 +0.71
1.84%

$39.46

872,911
200.30% of 50 DAV
50 DAV is 435,800
$39.94
-1.38%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/20/2013 6:12:47 PM
Y - Posted a solid gain today with above average volume, finishing back above the pivot point cited based on its 8/02/13 high plus 10 cents. Recently announced a Secondary Offering while perched at all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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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
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$99.49 +0.34
0.34%

$101.14

1,171,840
109.75% of 50 DAV
50 DAV is 1,067,700
$113.49
-12.33%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/17/2013 3:34:35 PM
Y - Rebounding near its 50 DMA line after completing a new Public Offering on 9/13/13 perched near all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. Click here.

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STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$44.52 -0.33
-0.74%

$44.91

88,321
68.73% of 50 DAV
50 DAV is 128,500
$46.47
-4.20%
7/31/2013 $40.00 PP = $42.98
MB = $45.13
Most Recent Note - 9/17/2013 3:39:21 PM
Y - Poised for a best-ever close with today's small gain on light volume. Recently found encouraging support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$18.23 +0.45
2.53%

$18.33

184,754
109.13% of 50 DAV
50 DAV is 169,300
$18.38
-0.82%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/20/2013 6:02:09 PM
G - Rallied for a new high close with near average volume today. Prior highs define important near-term support to watch near $16 on pullbacks. Rallied +12% higher since highlighted on 9/04/13 under the headline, "Forming Sound Set-Up While "M" Correction Remains Overriding Concern".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2013. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$23.46 -0.08
-0.34%

$23.75

604,878
117.41% of 50 DAV
50 DAV is 515,200
$23.72
-1.10%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/17/2013 6:43:01 PM
Y - Today's gain lacked sufficient volume conviction while wedging above its pivot point cited based on its May 2012 high plus 10 cents. See the latest FSU analysis for more details and a new annotated daily graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2013. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$104.41 -1.71
-1.61%

$106.85

1,446,810
121.89% of 50 DAV
50 DAV is 1,187,000
$106.98
-2.40%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/19/2013 7:17:42 PM
Y- Rose above its pivot point and hit a new 52-week high with today's 4th consecutive gain backed by +37% above average volume, just below the minimum volume threshold (+40% above average) needed to trigger a proper technical buy signal. Recent insider buying while trading near its highs has been noted as an encouraging sign.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. Click here.

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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
YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$36.59 -1.34
-3.53%

$38.10

3,055,403
124.24% of 50 DAV
50 DAV is 2,459,200
$37.97
-3.63%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/20/2013 5:47:23 PM
G - Color code is changed to green. Reversed from new 52-week and all-time highs today, finishing near its "max buy" level. Prior highs in the $34 area define near-term support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. Click here.

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