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AFTER MARKET UPDATE - THURSDAY, OCTOBER 4TH, 2018
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -264.04 26,564.35 -0.98% Volume 252,046,387 -71% Volume 1,701,476,456 -44%
NASDAQ -137.26 7,887.83 -1.71% Advancers 625 21% Advancers 674 22%
S&P 500 -24.21 2,901.30 -0.83% Decliners 2,417 79% Decliners 2,392 78%
Russell 2000 -16.18 1,655.11 -0.97% 52 Wk Highs 36   52 Wk Highs 34  
S&P 600 +9.33 1,044.75 +0.90% 52 Wk Lows 425   52 Wk Lows 182  

Leadership Evaporated as Major Indices Stalled

Stocks finished lower Thursday. The Dow fell 200 points to 26627, while the S&P 500 lost 23 points to 2898. The Nasdaq Composite was down 145 points to 7879. Thursday's volume totals reported were on the NYSE and on the Nasdaq exchange versus the prior session. Decliners led advancers by a near a 4-1 margin on the NYSE and on the Nasdaq exchange. There were 9 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 22 on the prior session. New 52-week lows solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices (M criteria) have seen their uptrend come under pressure coupled with a recent reduction noted in the number 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 S&P 400 Mid-Cap Index is consolidating above its 50-day moving average (DMA) line, perched near its record high, and up +% year-to-date.

The Dow’s five day winning streak came to an end as rising Treasury yields dampened investor sentiment. Yesterday, Federal Reserve Chairman Jerome Powell advised the central bank is a long way from getting rates to neutral and foresees the potential for additional policy tightening in 2019. In response to the recent run of strong domestic economic updates and hawkish Fed commentary, Treasuries extended losses as the yield on the 10-year note advanced three basis points to 3.19%.

On the data front, initial jobless claims for the prior period came in at the lowest level in nearly 49 years. Separate updates showed factory orders increased 2.3% in August, while a final reading of durable goods orders revealed a 4.4% gain during the same period.

Nine of 11 S&P 500 sectors finished lower as Communication Services, Technology, and Consumer Discretionary groups provided a strong headwind to the market. Financials outperformed in sympathy with higher treasury yields. In earnings news, Constellation Brands (STZ +5.38%) was the top performer in the S&P 500. Shares of the alcoholic beverage maker advanced  to $222.10 after posting profits that topped analyst projections and raised its forward guidance.

In commodities, WTI crude slipped 2.4% to $74.56/barrel. COMEX gold fell 0.1% to $1,197.20/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.


Financial Indices Posted 2nd Strong Gain

For the second session in a row financial stocks did some of the important heavy lifting. The Bank Index ($BKX +0.73%) and the Broker/Dealer Index ($XBD +2.21%) both posted solid gains on Thursday. ThRetail Index ($RLX -1.84%) created a drag on the major averages. The tech sector had a negative bias as the Biotech Index ($BTK -2.42%) and Semiconductor Index ($SOX -1.84%) outpaced the Networking Index ($NWX -1.22%)The Oil Services Index ($OSX -1.04%) and the Integrated Oil Index ($XOI -0.99%) slumped along with a smaller loss for the Gold & Silver Index ($XAU -0.34%)  

Charts courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK -2.42%) pulled back to its 50-day moving average (DMA) line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  151.89 -1.59 -1.04% +1.56%
Integrated Oil $XOI  1,584.24 -15.87 -0.99% +18.62%
Semiconductor $SOX  1,347.16 -25.24 -1.84% +7.51%
Networking $NWX  552.68 -6.82 -1.22% +12.67%
Broker/Dealer $XBD  276.23 +5.96 +2.21% +4.14%
Retail $RLX  2,338.15 -43.83 -1.84% +34.86%
Gold & Silver $XAU  65.93 -0.22 -0.33% -22.68%
Bank $BKX  107.17 +0.77 +0.72% +0.43%
Biotech $BTK  5,195.89 -128.72 -2.42% +23.06%


CME Group Blasted to New Record High

C M E Group Inc (CME +$5.06 or +2.88% to $180.51) was highlighted in yellow with pivot point cited base on its 9/05/18 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high with today's 4th consecutive gain clearing a brief consolidation above its 50-day moving average (DMA) line. Earnings increases in the Mar and Jun '18 quarters were above the +25% minimum guideline (C criteria) with solid sales revenues increases. Annual earnings (A criteria) growth has been steady.

The number of top-rated funds owning its shares rose from 1,688 in Dec '17 to 1,999 in Jun '18, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has earned a B Timeliness Rating.

Additional leadership in the group (L criteria) is a reassuring sign. However, several of its peers in the Financial Services - Specialty group stumbled today. Its low Industry Group Relative Strength rating of 44 is a concern, plus the noted weakness in Financials which has been covered repeatedly in the Industry Group Watch section of recent After Market Reports.

Charts 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
OSBC - NASDAQ
Old Second Bancorp Inc
BANKING - Regional - Midwest Banks  
$15.43 -0.12
-0.77%

$15.70

164,653
163.02% of 50 DAV
50 DAV is 101,000
$16.30
-5.34%
9/24/2018 $15.38 PP = $16.40
MB = $17.22
Most Recent Note - 10/3/2018 6:23:03 PM
Y - Rebounded above its 50 DMA line ($15.36) with today's solid volume-driven gain. Prior lows and its 200 DMA line define additional near-term support. Its Relative Strength Rating is 77, below the 80+ 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  
$320.61 -0.78
-0.24%

$330.50

503,347
122.77% of 50 DAV
50 DAV is 410,000
$333.74
-3.93%
8/6/2018 $314.77 PP = $329.75
MB = $346.24
Most Recent Note - 10/2/2018 11:44:47 AM
G - Color code is changed to green while slumping below its 50 DMA line ($319) and below the prior low raising concerns. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume are necessary to 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 
GMED - NYSE
Globus Medical Inc Cl A
CHEMICALS - Specialty Chemicals  
$51.27 -1.46
-2.77%

$52.30

510,398
86.95% of 50 DAV
50 DAV is 587,000
$57.55
-10.91%
9/26/2018 $56.11 PP = $57.65
MB = $60.53
Most Recent Note - 10/2/2018 6:10:48 PM
Y - Big loss today on higher volume was action indicative of distributional pressure. It was highlighted in yellow with pivot point cited based on its 6/06/18 high plus 10 cents in the 9/26/18 mid-day report. Subsequent gains above the pivot point backed by more than +40% above average volume are needed to trigger a proper technical buy signal. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter. The Medical - Products firm has technology to treat patients with spine disorders. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter, its 2nd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been steady.
>>> FEATURED STOCK ARTICLE : Rallying Near Pivot Point With Volume-Driven Gains - 9/26/2018
 |  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  
$165.20 -4.21
-2.49%

$169.26

319,792
85.97% of 50 DAV
50 DAV is 372,000
$179.47
-7.95%
8/7/2018 $164.26 PP = $161.82
MB = $169.91
Most Recent Note - 10/1/2018 6:09:08 PM
G - Consolidating near its all-time high. Its 50 DMA line ($163.79) and prior high in the $161 area define near term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High With Strong Fundamentals - 9/24/2018
 |  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  
$132.98 -4.46
-3.25%

$137.08

352,011
83.41% of 50 DAV
50 DAV is 422,000
$144.19
-7.77%
7/5/2018 $123.70 PP = $131.85
MB = $138.44
Most Recent Note - 10/4/2018 3:26:33 PM
G - Color code is changed to green while slumping below its 50 DMA line ($136) and undercutting the recent low ($134.59 triggering technical sell signals with a big loss on light volume. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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 
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
IRBT - NASDAQ
Irobot Corp
CONSUMER DURABLES - Electronic Equipment  
$105.14 -2.51
-2.33%

$107.47

552,253
58.88% of 50 DAV
50 DAV is 938,000
$118.75
-11.46%
8/29/2018 $112.07 PP = $109.88
MB = $115.37
Most Recent Note - 10/2/2018 6:07:22 PM
Y - Slumped below its pivot point raising concerns again with today's big loss on light volume. Prior low ($99.73 on 9/07/18) defines important near-term support to watch along with its 50 DMA line ($99.29). Very little resistance remains due to overhead supply.
>>> 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 
TSC - NASDAQ
TriState Capital Hld Inc
CONSUMER NON-DURABLES - Personal Products  
$28.21 -0.21
-0.74%

$28.70

238,792
123.73% of 50 DAV
50 DAV is 193,000
$30.10
-6.28%
9/11/2018 $29.75 PP = $30.20
MB = $31.71
Most Recent Note - 10/3/2018 12:55:35 PM
G - A rebound above the 50 DMA line ($29.00) still is needed for its outlook to improve. Its Relative Strength Rating has improved to 83. Found support near prior highs in the $27 area. While rebounding it faces resistance due to overhead supply up to the $30 level.
>>> 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 
CME - NASDAQ
C M E Group Inc
DIVERSIFIED SERVICES - Business/Management Services  
$180.51 +5.06
2.88%

$181.73

2,360,717
181.18% of 50 DAV
50 DAV is 1,303,000
$177.36
1.78%
10/4/2018 $179.29 PP = $177.45
MB = $186.32
Most Recent Note - 10/4/2018 5:55:27 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 9/05/18 high plus 10 cents. Hit a new all-time high with +80% above average volume behind today's 4th consecutive gain while clearing a brief consolidation above its 50 DMA line. Earnings increases in the Mar and Jun '18 quarters were above the +25% minimum guideline (C criteria) with solid sales revenues increases. Annual earnings (A criteria) growth has been steady. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : CME Group Blasted to New Record High - 10/4/2018
 |  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  
$220.97 -5.13
-2.27%

$225.33

598,803
112.35% of 50 DAV
50 DAV is 533,000
$230.24
-4.03%
9/12/2018 $221.01 PP = $226.02
MB = $237.32
Most Recent Note - 10/2/2018 11:16:44 AM
Y - Perched near its record high following recent volume-driven gains. Its 50 DMA line ($218.87) defines near-term support to watch on pullbacks. New pivot point cited was 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.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of New Pivot Point - 9/20/2018
 |  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  
$216.15 -6.98
-3.13%

$222.15

5,663,794
178.61% of 50 DAV
50 DAV is 3,171,000
$225.35
-4.08%
7/11/2018 $203.84 PP = $204.10
MB = $214.31
Most Recent Note - 10/4/2018 12:41:35 PM
G - Retreating from its all-time high. Very extended from any sound base. Its prior high ($214) and 50 DMA line ($211) define important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High, Extended From Any Sound Base - 9/27/2018
 |  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
V - NYSE
Visa Inc Cl A
Finance-CrdtCard/PmtPr  
$146.76 -2.61
-1.75%

$149.28

9,025,959
124.55% of 50 DAV
50 DAV is 7,247,000
$151.56
-3.17%
4/26/2018 $126.68 PP = $126.98
MB = $133.33
Most Recent Note - 10/2/2018 10:35:22 AM
G - Pulling back today after hitting another new all-time high on the prior session. Very extended from any sound base. Its 50 DMA line ($144) and recent low ($142.55 on 9/050/18) define important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> 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  
$32.26 -3.74
-10.39%

$35.42

728,008
163.23% of 50 DAV
50 DAV is 446,000
$48.26
-33.15%
8/13/2018 $44.17 PP = $44.27
MB = $46.48
Most Recent Note - 10/4/2018 3:02:08 PM
Down considerably today with above average volume while violating the prior low ($34.72 on 6/28/18) and also slumping below its 200 DMA line triggering more worrisome technical sell signals. Faces resistance due to overhead supply up to the $48 level now. May likely find support near the 200 DMA line, but it will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed For Outlook to Improve - 9/28/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ENV - NYSE
Envestnet Inc
FINANCIAL SERVICES - Diversified Investments  
$61.79 +0.32
0.52%

$61.97

267,202
104.38% of 50 DAV
50 DAV is 256,000
$64.80
-4.65%
6/15/2018 $57.85 PP = $60.37
MB = $63.39
Most Recent Note - 10/1/2018 6:00:19 PM
G - Color code is changed to green after slumping below its 50 DMA line ($61.12). A prompt rebound is needed for its outlook to improve. Its Relative Strength Rating has slumped to 77, below the 80+ minimum guideline for buy candidates, also raising concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Recent Support at 50-Day Moving Average - 9/21/2018
 |  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  
$862.12 -9.87
-1.13%

$871.28

12,335
94.88% of 50 DAV
50 DAV is 13,000
$877.97
-1.81%
9/14/2018 $820.45 PP = $874.10
MB = $917.81
Most Recent Note - 10/4/2018 3:12:56 PM
Y - Quietly perched near its all-time high, holding its ground in a tight range in recent weeks. New pivot point cited was based on its 8/27/18 high plus 10 cents. Subsequent gains above the pivot point back by at least +40% above average volume may trigger a new (or add-on) technical buy signal. The 50 DMA line ($820) and recent low ($818 on 9/17/18) 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  
$108.85 +0.03
0.03%

$108.96

214,931
48.19% of 50 DAV
50 DAV is 446,000
$127.32
-14.51%
9/6/2018 $125.92 PP = $129.92
MB = $136.42
Most Recent Note - 10/4/2018 3:49:49 PM
G - Color code is changed to green while quietly slumping further below its 50 DMA line and undercutting the prior low ($109.70 on 9/26/18) raising concerns and triggering technical sell signals. Its Relative Strength Rating has slumped to 71, below the 80+ minimum guideline for buy candidates.
>>> 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 
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
ABMD - NASDAQ
Abiomed Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$416.79 -9.63
-2.26%

$424.97

587,482
92.96% of 50 DAV
50 DAV is 632,000
$459.75
-9.34%
9/25/2018 $441.96 PP = $451.03
MB = $473.58
Most Recent Note - 10/2/2018 12:08:18 PM
Y - Stalled after a recent 7 session winning streak reaching a new all-time high. Color code was changed to yellow with new pivot point cited based on its 6/20/18 high plus 10 cents in the 9/25/18 mid-day report. Subsequent gains for a new high (N criteria) above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Jun '18 quarterly earnings +73% on +36% sales revenues. The past 7 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Downturn in FY '14 annual earnings (A criteria) history was noted as a concern, yet its growth rate afterward has been great.
>>> FEATURED STOCK ARTICLE : Quick Rebound Near Prior High - 9/25/2018
 |  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  
$154.47 -2.32
-1.48%

$157.91

377,012
65.57% of 50 DAV
50 DAV is 575,000
$170.22
-9.25%
9/6/2018 $163.11 PP = $164.20
MB = $172.41
Most Recent Note - 10/1/2018 6:02:23 PM
Y - Undercut prior highs in the $164 area, completely negating the recent technical breakout and slumping back into the prior base. Its 50 DMA line ($153) defines near term support to watch on pullbacks.
>>> 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  
$281.77 -4.23
-1.48%

$287.33

389,586
74.49% of 50 DAV
50 DAV is 523,000
$305.34
-7.72%
8/13/2018 $288.60 PP = $293.91
MB = $308.61
Most Recent Note - 10/3/2018 10:08:37 AM
Y - Consolidating near its 50 DMA line ($285) but again sputtering below the previously cited pivot point. The recent low ($273.63 on 9/17/18) defines important near-term support to watch.
>>> 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 
FIVE - NASDAQ
Five Below Inc
Retail-DiscountandVariety  
$119.82 -1.31
-1.08%

$121.69

881,612
98.50% of 50 DAV
50 DAV is 895,000
$136.13
-11.98%
7/6/2018 $98.90 PP = $104.09
MB = $109.29
Most Recent Note - 10/2/2018 6:05:26 PM
G - Slumped to a 3 week low. Still consolidating well above its 50 DMA line ($114.81) and prior high ($109.09 on 7/19/18) defining near-term support to watch. Earnings rose +40% on +23% sales revenues for the Jul '18 quarter, continuing its strong earnings track record. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retreating After +138% Rally in Under 12 Months - 10/2/2018
 |  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  
$187.44 -8.76
-4.46%

$195.50

3,488,608
187.26% of 50 DAV
50 DAV is 1,863,000
$206.30
-9.14%
8/24/2018 $193.83 PP = $194.91
MB = $204.66
Most Recent Note - 10/4/2018 12:45:13 PM
G - Color code is changed to green while slumping below its 50 DMA line ($190) with today's loss on higher volume raising concerns. Recent low ($182.73 on 9/19/18) defines important near-term support above its 200 DMA line. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average After Slump Into Prior Base - 10/3/2018
 |  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
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$83.25 +0.25
0.30%

$85.60

82,377
96.91% of 50 DAV
50 DAV is 85,000
$92.75
-10.24%
6/15/2018 $7,070.00 PP = $72.00
MB = $75.60
Most Recent Note - 10/3/2018 10:05:58 AM
G - Recently sputtering below its 50 DMA line ($85.76). Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> 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  
$219.32 -1.98
-0.89%

$222.51

1,373,480
112.30% of 50 DAV
50 DAV is 1,223,000
$239.50
-8.43%
6/12/2018 $206.55 PP = $214.69
MB = $225.42
Most Recent Note - 10/2/2018 6:14:02 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level with a streak of 6 consecutive losses on lighter volume. Its 50 DMA line ($220.31) and prior high ($219.38 on 7/13/18) define important near term support to watch where subsequent violations would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High With Volume Totals Cooling - 9/17/2018
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QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$83.47 -2.16
-2.52%

$85.85

290,927
86.33% of 50 DAV
50 DAV is 337,000
$98.30
-15.08%
8/31/2018 $91.05 PP = $98.40
MB = $103.32
Most Recent Note - 10/2/2018 11:48:03 AM
G - Color code is changed to green while slumping further below its 50 DMA line ($89) raising concerns. The recent low ($82.91 on 8/15/18) defines the next important near term support to watch. A rebound above the 50 DMA line is needed for its outlook to improve. Subsequent volume-driven gains above the pivot point are needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Cloud Security Firm Faces Some Near Term Resistance - 9/3/2018
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ANET - NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment  
$257.74 -3.69
-1.41%

$261.42

603,003
51.28% of 50 DAV
50 DAV is 1,176,000
$313.37
-17.75%
8/24/2018 $308.26 PP = $311.77
MB = $327.36
Most Recent Note - 10/3/2018 10:02:47 AM
G - Sputtering below its 200 DMA line ($266) raising serious concerns. Only a prompt rebound above its 50 DMA line ($273) would help its outlook improve. Relative Strength Rating has slumped to 75. Faces near-term resistance due to overhead supply up to the $313 level.
>>> FEATURED STOCK ARTICLE : Considerable Gap Up Gain With Heavy Volume - 8/24/2018
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PAYC - NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$140.70 -6.90
-4.67%

$147.66

1,346,408
167.88% of 50 DAV
50 DAV is 802,000
$164.08
-14.25%
8/1/2018 $122.87 PP = $118.55
MB = $124.48
Most Recent Note - 10/4/2018 3:04:33 PM
G - Violated its 50 DMA line ($144.60) with today's big volume-driven loss triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Very Extended From Base After Impressive Rally - 9/18/2018
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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
GRUB - NYSE
Grubhub Inc
INTERNET - Content  
$130.53 -4.71
-3.48%

$135.69

1,483,672
105.83% of 50 DAV
50 DAV is 1,402,000
$149.35
-12.60%
8/24/2018 $138.44 PP = $141.16
MB = $148.22
Most Recent Note - 10/4/2018 3:11:01 PM
G - Color code is changed to green while slumping below its 50 DMA line ($135.46) and below the recent low ($132.15 on 9/24/18) with a big loss raising concerns and triggering technical sell signals. Recent gains lacked great volume conviction. Only a prompt rebound would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Wedged Higher Then Fell Below Pivot Point With Heavier Volume - 9/19/2018
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HQY - NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$90.57 -2.87
-3.07%

$93.58

457,545
62.85% of 50 DAV
50 DAV is 728,000
$99.99
-9.42%
8/13/2018 $82.39 PP = $83.44
MB = $87.61
Most Recent Note - 10/1/2018 6:05:36 PM
G - Extended from any sound base. Consolidating well above its 50 DMA line ($88.05) and prior highs in the $82-83 area defining near-term support to watch.
>>> 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  
$84.34 -2.81
-3.22%

$86.50

9,031,985
117.45% of 50 DAV
50 DAV is 7,690,000
$93.70
-9.99%
7/23/2018 $89.24 PP = $87.55
MB = $91.93
Most Recent Note - 10/4/2018 3:06:40 PM
G - Slumping further below its 50 DMA line ($88.17) with today's big loss raising concerns. The next important support is at its 200 DMA line ($82.13) and prior lows in the $80-81 area.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Near High - 9/12/2018
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OLLI - NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety  
$89.29 -2.73
-2.97%

$91.59

1,129,397
183.05% of 50 DAV
50 DAV is 617,000
$97.61
-8.52%
7/12/2018 $74.43 PP = $77.60
MB = $81.48
Most Recent Note - 10/4/2018 12:46:00 PM
G - Pulling back from its all-time high with today's 3rd consecutive loss after getting very extended from any sound base. Its 50 DMA line ($82.91) defines near-term support above prior highs in the $77 area. Fundamentals remain strong.
>>> 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  
$67.68 +0.38
0.56%

$67.98

190,610
87.44% of 50 DAV
50 DAV is 218,000
$78.85
-14.17%
7/12/2018 $65.90 PP = $68.10
MB = $71.51
Most Recent Note - 10/3/2018 10:04:22 AM
G - Still sputtering below its 50 DMA line ($71.24), and a rebound above that important short-term average is needed for its outlook to improve. Raised concerns while also undercutting prior highs in the $68-69 area triggering technical sell signals.
>>> FEATURED STOCK ARTICLE : Electronic Systems Leader is Extended From Prior Base - 8/30/2018
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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
TEAM - NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs  
$85.67 -7.23
-7.78%

$90.83

3,058,143
203.33% of 50 DAV
50 DAV is 1,504,000
$98.21
-12.77%
7/27/2018 $73.73 PP = $68.85
MB = $72.29
Most Recent Note - 10/4/2018 12:49:56 PM
G - Gapped down, retreating from its all-time high with above average volume behind today's 4th consecutive loss. The 50 DMA line ($84.73) defines near-term support to watch. Fundamentals through Jun '18 have been strong.
>>> FEATURED STOCK ARTICLE : Extended From Base and Hitting Another New High - 9/14/2018
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SEND - NYSE
Sendgrid Inc
INTERNET - Content  
$34.16 -1.35
-3.80%

$35.77

445,745
49.92% of 50 DAV
50 DAV is 893,000
$38.66
-11.64%
8/13/2018 $32.20 PP = $32.13
MB = $33.74
Most Recent Note - 10/4/2018 3:23:48 PM
G - Pulling back with light volume, slumping near its 50 DMA line ($33.57). Prior highs in the $32 area define additional near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base Following Rally - 10/1/2018
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