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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 16TH, 2016
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Indices NYSE Nasdaq
DOW  -54.92 18,868.14 -0.29% Volume 868,562,080 -15% Volume 1,855,917,310 -6%
NASDAQ +18.96 5,294.58 +0.36% Advancers 1,575 53% Advancers 1,513 53%
S&P 500 -3.45 2,176.94 -0.16% Decliners 1,414 47% Decliners 1,353 47%
Russell 2000 +0.06 1,302.20 +0.00% 52 Wk Highs 111   52 Wk Highs 197  
S&P 600 +0.51 795.68 +0.06% 52 Wk Lows 16   52 Wk Lows 32  



Retail and Semiconductor Indexes Rose

The Retail Index ($RLX +0.76%) edged higher while the Broker/Dealer Index ($XBD +0.05%) finished flat and the Bank Index ($BKX -2.41%) fell. The Semiconductor Index ($SOX +1.14%) rose but the Networking Index ($NWX -0.49%) edged lower and the Biotechnology Index ($BTK -2.41%) suffered a larger loss on WednesdayThe Gold & Silver Index ($XAU -1.09%), Oil Services Index ($OSX -0.90%), and the Integrated Oil Index ($XOI -0.65%) each ended lower.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.41%) pulled back after recently rallying above its 2015 high.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  163.86 -1.49 -0.90% +3.89%
Integrated Oil $XOI  1,163.14 -7.55 -0.65% +8.43%
Semiconductor $SOX  857.55 +9.65 +1.14% +29.25%
Networking $NWX  432.92 -2.15 -0.49% +15.16%
Broker/Dealer $XBD  197.06 +0.10 +0.05% +10.65%
Retail $RLX  1,330.15 +10.01 +0.76% +3.64%
Gold & Silver $XAU  81.50 -0.90 -1.09% +79.91%
Bank $BKX  83.90 -1.69 -1.97% +14.81%
Biotech $BTK  3,359.78 -82.94 -2.41% -11.91%


Fundamental and Technical Concerns Were Recently Raised

Transdigm Group Inc's (TDG -$3.13 or -1.21% to $255.79 ) fell today with above average volume. Its 50-day moving average (DMA) line ($262) may act as resistance following a volume-driven loss on 11/14/16 triggering a technical sell signal. It may find support near prior lows, however, a rebound above its 50 DMA line is needed for its outlook to improve. 

Recently it reported earnings +16% on +8% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. 
 TDG was last shown in this FSU section on 10/19/16 with an annotated graph under the headline, "Rebound Above 50-Day Moving Average Line Needed". Subsequent gains lacked great volume conviction as it rebounded and wedged to new highs but soon stalled.

Annual earnings (A criteria) history has remained strong.  The number of top-rated funds owning its shares rose from 780 in Dec '15 to 1,076 in Sep '16, a reassuring trend concerning the I criteria. Its small supply of 47.9 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Charts used courtesy of www.stockcharts.com


Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$255.79 -3.13
-1.21%

$259.36

701,020
283.81% of 50 DAV
50 DAV is 247,000
$294.38
-13.11%
10/25/2016 $268.12 PP = $269.41
MB = $282.88
Most Recent Note - 11/16/2016 5:37:28 PM
G - Its 50 DMA line may act as resistance following a volume-driven loss on 11/14/16 triggering a technical sell signal. A rebound above its 50 DMA line ($262) is needed for its outlook to improve. Reported earnings +16% on +8% sales revenues for the Sep '16 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 : Fundamental and Technical Concerns Were Recently Raised - 11/16/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
CSFL - NASDAQ
Centerstate Banks Inc
Banks-Southeast  
$21.43 +0.17
0.80%

$21.53

273,690
129.10% of 50 DAV
50 DAV is 212,000
$21.93
-2.28%
10/10/2016 $18.20 PP = $18.37
MB = $19.29
Most Recent Note - 11/14/2016 12:37:38 PM
G - Today's 4th consecutive volume-driven gain has it getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $18 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EVR - NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking  
$64.60 +0.25
0.39%

$65.00

590,994
150.76% of 50 DAV
50 DAV is 392,000
$64.45
0.23%
11/14/2016 $63.30 PP = $60.73
MB = $63.77
Most Recent Note - 11/16/2016 5:44:16 PM
G - Rallied to new multi-year highs with its 9th consecutive volume-driven gain today, and its color code is changed to green. Reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NTES - NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers  
$230.13 +2.03
0.89%

$231.98

862,100
66.16% of 50 DAV
50 DAV is 1,303,000
$272.58
-15.57%
6/29/2016 $182.42 PP = $186.55
MB = $195.88
Most Recent Note - 11/15/2016 4:38:39 PM
G - Posted a gain with above average volume today. Only a prompt rebound above the 50 DMA line ($247) would help its outlook improve. Reported earnings +40% on +32% sales revenues for the Sep '16 quarter.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains - 10/21/2016
 |  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  
$45.49 -1.12
-2.40%

$46.97

143,074
98.00% of 50 DAV
50 DAV is 146,000
$48.14
-5.50%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 11/16/2016 5:39:46 PM
G - Found support at its 50 DMA line ($45) today but a damaging violation would raise concerns. Deterioration below recent lows in the $41 area would raise greater concerns and trigger a more worrisome technical sell signal. Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. Its color code was changed to green.
>>> FEATURED STOCK ARTICLE : Still Building on New Base Pattern - 10/25/2016
 |  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
LMAT - NASDAQ
Lemaitre Vascular Inc
Medical-Products  
$23.92 +0.92
4.00%

$24.04

168,855
104.23% of 50 DAV
50 DAV is 162,000
$24.36
-1.81%
10/27/2016 $21.03 PP = $22.60
MB = $23.73
Most Recent Note - 11/16/2016 5:42:16 PM
G - Finished near the session high and above its "max buy" level for a best ever close today and its color code is changed to green. Found support near prior highs in the $22 area when pulling back on the prior session. No resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Technical Breakout Backed By +151% Above Average Volume - 11/9/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SFBS - NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks  
$64.71 +0.91
1.43%

$64.73

79,589
103.36% of 50 DAV
50 DAV is 77,000
$64.30
0.64%
7/19/2016 $53.28 PP = $52.82
MB = $55.46
Most Recent Note - 11/14/2016 1:13:09 PM
G - Perched at new all-time highs with above average volume behind today's 6th consecutive gain, getting very extended from its prior base. Prior highs in the $53 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Relative Strength Improved as Bullish Action Has Continued - 11/7/2016
 |  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  
$30.40 +0.55
1.84%

$30.45

544,212
53.09% of 50 DAV
50 DAV is 1,025,000
$31.60
-3.80%
10/4/2016 $27.36 PP = $28.70
MB = $30.14
Most Recent Note - 11/15/2016 4:46:22 PM
Y - Pulled back on lighter volume today, ending below its "max buy" level, and its color code is changed to yellow. Recent gains above the pivot point did not have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New High With Gain Lacking Great Volume Conviction - 11/10/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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