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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 18TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+247.66 |
17,737.16 |
+1.42% |
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Volume |
885,954,810 |
-16% |
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Volume |
1,821,887,390 |
+7% |
|
NASDAQ |
+89.19 |
5,075.20 |
+1.79% |
|
Advancers |
2,374 |
77% |
|
Advancers |
1,996 |
68% |
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S&P 500 |
+33.14 |
2,083.58 |
+1.62% |
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Decliners |
695 |
23% |
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Decliners |
926 |
32% |
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Russell 2000 |
+18.54 |
1,171.75 |
+1.61% |
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52 Wk Highs |
42 |
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|
52 Wk Highs |
54 |
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S&P 600 |
+10.16 |
692.62 |
+1.49% |
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52 Wk Lows |
99 |
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52 Wk Lows |
121 |
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Indices Rebounded Above Respective 200-Day Moving Average Lines
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks jumped higher on Wednesday. The Dow gained 247 points to 17737. The S&P 500 climbed 33 points to 2083. The NASDAQ added 89 points to 5075. Volume totals were reported mixed, lighter on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and a 2-1 margin on the Nasdaq exchange. Leadership improved as there were 43 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 19 on the prior session. However, new 52-week lows still outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There were gains for 7 of the 11 high-ranked companies currently on the Featured Stocks Page.
PICTURED: The Nasdaq Composite Index found support at its 200-day moving average (DMA) line and tallied 3 consecutive gains. A subsequent slump below its 200-day moving average (DMA) line would raise concerns.
All three major averages (M criteria) showed impressive strength and rebounded above their respective 200 DMA lines while leadership (stocks hitting new highs) improved. New buying efforts may only be considered in stocks meeting all key criteria.The major averages extended gains after minutes from the Fed’s October policy meeting suggested the central bank remains open to hiking interest rates in December. According to Bloomberg data, futures markets are pricing in a 66% chance of a December increase. In economic news, housing starts declined by more than expected in October while new building permits exceeded projections. On the earnings front, retailer Target (TGT -4.29%) fell despite posting quarterly results above estimates and raising its full year forecast. In M&A news, Norfolk Southern (NSC +6.35%) rose after dismissing a takeover offer from Canadian Pacific (CP +5.82%) as too low. Consolidation in the chip space continued with Fairchild (FCS +8.50%) surging after agreeing to an offer from ON Semiconductor (ON -7.91%). All ten sectors in the S&P 500 finished in the green on Wednesday. Healthcare and financial stocks paced the gains with eight sectors climbing at least 1%. Treasuries were mixed with the curve flattening. The benchmark 10-year note declined 2/32 to yield 2.27%. In commodities, NYMEX WTI crude added 0.3% to $40.63/barrel after a smaller-than-forecast rise in U.S. crude inventories. COMEX gold finished 0.1% higher to $1069.70/ounce. In FOREX, the dollar was little changed against its peers. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares had a positive influence on the major averages as the Broker/Dealer Index ($XBD +1.85%) and the Bank Index ($BKX +2.08%) both rose on Wednesday. The Retail Index ($RLX +1.45%) also posted a gain. The Networking Index ($NWX +1.23%), Semiconductor Index ($SOX +0.96%) and Biotechnology Index ($BTK +2.26%) posted unanimous gains. Energy-related shares had a positive bias as the Oil Services Index ($OSX +2.41%) and the Integrated Oil Index ($XOI +1.40%) both posted solid gains, and the Gold & Silver Index ($XAU +4.24%) was a standout gainer.PICTURED: The Networking Index ($NWX +1.23%) has been finding support at its 50-day and 200-day moving average (DMA) lines while consolidating from new highs.
| Oil Services |
$OSX |
179.00 |
+4.21 |
+2.41% |
-15.11% |
| Integrated Oil |
$XOI |
1,198.59 |
+16.57 |
+1.40% |
-11.09% |
| Semiconductor |
$SOX |
662.14 |
+6.32 |
+0.96% |
-3.60% |
| Networking |
$NWX |
388.50 |
+4.71 |
+1.23% |
+8.54% |
| Broker/Dealer |
$XBD |
184.32 |
+3.35 |
+1.85% |
-0.17% |
| Retail |
$RLX |
1,268.27 |
+18.16 |
+1.45% |
+22.81% |
| Gold & Silver |
$XAU |
45.48 |
+1.85 |
+4.24% |
-33.88% |
| Bank |
$BKX |
76.00 |
+1.55 |
+2.08% |
+2.34% |
| Biotech |
$BTK |
3,791.51 |
+83.68 |
+2.26% |
+10.25% |
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Consolidating Above Prior Highs and 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Manhattan Associates Inc (MANH +$0.77 or +1.07% to $72.79) is consolidating below its "max buy" level. Prior highs in the $69 area and its 50-day moving average (DMA) line ($67.61) define important near-term support to watch on pullbacks. It was last shown in this FSU section on 11/02/15 with an annotated graph under the headline, "Prior Highs Define Support Following Recent Breakout". It was highlighted in yellow with pivot point cited based on its 7/23/15 high plus 10 cents in the 10/21/15 mid-day report (read here). It reported earnings +31% on +13% sales revenues for the Sep '15 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Earnings were +25%, +31%, +28%, and +31% in the Dec '14, Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +21%, +18%, +14%, and +13% during that same span. Following a downturn in its FY '09 earnings (A criteria) it has shown strong earnings growth. The Computer Software group has shown a good leadership (L criteria). MANH has a 98 Earnings Per Share (EPS) rating. Its Relative Strength line recently rallied to new highs ahead of the shares' move into new high territory, a reassuring sign. It has a small supply of 73.1 million shares (S criteria) outstanding, which can contribute to volatility in the event of institutional buying or selling. The number of top-rated funds owning its share rose from 422 in Dec '14 to 524 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. Charts courtesy www.stockcharts.com
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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 |
PNFP
-
NASDAQ
Pinnacle Financial Prtnr
BANKING - Regional - Southeast Banks
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$54.58
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+0.58
1.07% |
$54.64
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145,651
83.23% of 50 DAV
50 DAV is 175,000
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$57.99
-5.88%
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11/6/2015
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$56.34
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PP = $55.58
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MB = $58.36
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Most Recent Note - 11/16/2015 6:05:55 PM
Y - Gain today halted a 5 session losing streak, but its slump back into the prior base has raised some concerns. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$56.37
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+0.78
1.40% |
$56.46
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122,600
63.20% of 50 DAV
50 DAV is 194,000
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$58.58
-3.77%
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10/22/2015
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$50.13
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PP = $48.98
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MB = $51.43
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Most Recent Note - 11/16/2015 6:07:10 PM
G - Posted a small gain on light volume today, and it is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$72.79
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+0.77
1.07% |
$72.94
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334,872
62.83% of 50 DAV
50 DAV is 533,000
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$76.49
-4.84%
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10/21/2015
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$69.18
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PP = $69.91
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MB = $73.41
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Most Recent Note - 11/18/2015 5:17:16 PM
Y - Still quietly consolidating below its "max buy" level. Prior highs in the $69 area and its 50 DMA line define support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/18/2015 |
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C
A
S
I |
JBSS
-
NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods
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$61.45
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+1.68
2.81% |
$61.66
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100,379
135.65% of 50 DAV
50 DAV is 74,000
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$66.29
-7.30%
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10/27/2015
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$56.00
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PP = $57.33
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MB = $60.20
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Most Recent Note - 11/18/2015 5:18:26 PM
G - Color code is changed to green after rallying back above its "max buy" level with today's volume-driven gain. Prior highs in the $57 area and its 50 DMA line define support after its 10/27/15 technical breakout.
>>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$97.09
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+1.35
1.41% |
$97.19
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187,835
67.81% of 50 DAV
50 DAV is 277,000
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$106.43
-8.78%
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11/6/2015
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$100.75
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PP = $88.97
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MB = $93.42
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Most Recent Note - 11/16/2015 6:10:17 PM
G - Pulled back for a 4th consecutive loss today, slumping toward its "max buy" level while consolidating after its big "breakaway gap" on 10/28/15. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Big Breakaway Gap With Heavy Volume Following Earnings News - 11/6/2015 |
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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 |
ULTI
-
NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services
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$202.25
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+3.29
1.65% |
$203.22
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385,264
152.28% of 50 DAV
50 DAV is 253,000
|
$216.27
-6.48%
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10/28/2015
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$204.38
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PP = $195.28
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MB = $205.04
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Most Recent Note - 11/18/2015 5:20:58 PM
Y - Posted a gain today with +52% above average volume. Prior highs in the $195 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Following Big Breakout Volume Totals Have Cooled - 11/16/2015 |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
|
$164.99
|
+2.29
1.41% |
$165.27
|
545,615
71.51% of 50 DAV
50 DAV is 763,000
|
$176.77
-6.66%
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10/22/2015
|
$168.02
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PP = $170.31
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|
MB = $178.83
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Most Recent Note - 11/17/2015 5:50:11 PM
G - Found support near its 200 DMA line and rebounded, but it faces resistance due to overhead supply up through the $176 level.
>>> FEATURED STOCK ARTICLE : Gains on Light Volume Before Decisive Drop on Heavy Volume - 11/13/2015 |
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C
A
S
I |
FLTX
-
NYSE
Fleetmatics Group Plc
Computer Sftwr-Enterprse
|
$58.12
|
-2.40
-3.97% |
$60.27
|
486,789
112.42% of 50 DAV
50 DAV is 433,000
|
$61.75
-5.88%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
|
MB = $55.18
|
Most Recent Note - 11/18/2015 1:03:38 PM
G - Pulling back after getting extended from its prior base. Prior highs in the $56 area acted as support during its brief consolidation above its 50 DMA line ($53.32). See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/17/2015 |
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C
A
S
I |
LXFT
-
NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs
|
$74.63
|
-0.35
-0.47% |
$75.69
|
221,014
97.79% of 50 DAV
50 DAV is 226,000
|
$77.39
-3.57%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 11/17/2015 3:35:40 PM
G - Stubbornly holding its ground above its "max buy" level and extended from prior highs in the $68 area. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$16.77
|
-0.02
-0.12% |
$16.95
|
10,258
60.34% of 50 DAV
50 DAV is 17,000
|
$17.95
-6.57%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 11/17/2015 12:44:19 PM
Y - Sputtering but finding support near its 50 DMA line ($16.30). Still has not produced the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs in 19-Week Base - 11/4/2015 |
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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 |
NHTC
-
NASDAQ
Natural Health Trends
Cosmetics/Personal Care
|
$42.53
|
-2.94
-6.47% |
$48.00
|
1,060,115
284.21% of 50 DAV
50 DAV is 373,000
|
$55.45
-23.30%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 11/18/2015 1:05:55 PM
G - Pulling back for a 2nd consecutive big loss today with heavy volume indicative of distributional pressure. Testing prior highs in the $44 area which were previously noted as initial support to watch above its 50 DMA line ($39.40).
>>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 |
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C
A
S
I |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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