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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 20TH, 2015
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DOW |
+91.06 |
17,823.81 |
+0.51% |
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Volume |
955,177,140 |
+20% |
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Volume |
1,610,228,460 |
-2% |
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NASDAQ |
+31.28 |
5,104.92 |
+0.62% |
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Advancers |
1,823 |
59% |
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Advancers |
1,786 |
64% |
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S&P 500 |
+7.93 |
2,089.17 |
+0.38% |
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Decliners |
1,247 |
41% |
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Decliners |
1,022 |
36% |
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Russell 2000 |
+8.42 |
1,175.15 |
+0.72% |
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52 Wk Highs |
81 |
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52 Wk Highs |
70 |
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S&P 600 |
+5.67 |
695.89 |
+0.82% |
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52 Wk Lows |
121 |
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52 Wk Lows |
82 |
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Major Averages Posted Solid Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow rose 3.4%, the S&P 500 gained 3.3% and the NASDAQ Composite advanced 3.6%. Stocks finished higher on Friday’s session. The Dow rose 91 points to 17823. The S&P 500 gained 8 points to 2089 and the NASDAQ Composite advanced 31 points to 5104. Volume totals were reported mixed, higher on the NYSE but slightly lower on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 64 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 48 on the prior session. There were gains for 10 of the 11 high-ranked companies currently on the Featured Stocks Page. New 52-week lows still outnumbered new 52-week highs on both the Nasdaq exchange and on the NYSE.
PICTURED: The Dow Jones Industrial Average is consolidating above its 200-day moving average (DMA) line and well above its 50 DMA line.
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 ended the week on a positive note prompted by commentary from policy makers. Before the open, ECB President Mario Draghi indicated said the central bank remains committed to provide additional stimulus measures to bolster growth if necessary. St. Louis Fed President James Bullard suggested that the U.S. economy is on firmer footing, while New York’s William Dudley maintained that a rate hike in December will be data dependent. Consumer discretionary was up the most, led by an advance in retailers. Abercrombie & Fitch (ANF +25%) and Ross Stores (ROST +10.04%) rallied as both posted quarterly results above consensus estimates. Nike (NKE +5.5%) rose after announcing a $12 billion buyback, a two-for-one stock split and increase of its quarterly dividend. Energy was the worst-performing sector in the S&P 500 as oil extended its retreat. Chevron (CVX -2%) and Southwestern Energy (SWN -7.6%) fell. Treasuries were modestly lower with benchmark 10-year notes down 3/32 to yield 2.26%. In commodities, NYMEX WTI crude slipped 0.4% to $40.39/barrel. COMEX gold decreased 0.1% to $1076.80/ounce. The Featured Stocks Page saw some new names recently added. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Networking Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.78%) rose and had a positive influence on the major averages on Friday, meanwhile the Broker/Dealer Index ($XBD +0.56%) edged higher but the Bank Index ($BKX-0.14%) finished slightly lower. The Semiconductor Index ($SOX +0.32%) and the Biotechnology Index ($BTK +0.28%) both eked out small gains while the Networking Index ($NWX +0.82%) led the tech sector. Energy-related shares had a negative bias as the Oil Services Index ($OSX -0.80%) and the Integrated Oil Index ($XOI -0.90%) both fell. PICTURED: The Gold & Silver Index ($XAU -3.75%) was a standout decliner, slumping toward prior lows.
| Oil Services |
$OSX |
173.65 |
-1.39 |
-0.79% |
-17.65% |
| Integrated Oil |
$XOI |
1,177.87 |
-10.72 |
-0.90% |
-12.63% |
| Semiconductor |
$SOX |
665.76 |
+2.13 |
+0.32% |
-3.07% |
| Networking |
$NWX |
391.33 |
+3.17 |
+0.82% |
+9.33% |
| Broker/Dealer |
$XBD |
185.48 |
+1.03 |
+0.56% |
+0.45% |
| Retail |
$RLX |
1,289.72 |
+22.53 |
+1.78% |
+24.88% |
| Gold & Silver |
$XAU |
44.77 |
-1.75 |
-3.76% |
-34.91% |
| Bank |
$BKX |
75.91 |
-0.11 |
-0.14% |
+2.22% |
| Biotech |
$BTK |
3,741.08 |
+10.39 |
+0.28% |
+8.78% |
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Found Support This Week Above 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Veritex Holdings Inc (VBTX +$0.03 or +0.18% to $16.81) has been sputtering but finding support above its 50-day moving average DMA line ($16.35). Disciplined investors will note that it 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. VBTX was last shown in this FSU section on 11/04/15 with an annotated graph under the headline, "Perched Within Striking Distance of Highs in 19-Week Base", was highlighted in yellow with pivot point cited based on its 7/08/15 high plus 10 cents in the earlier mid-day report (read here). The number of top-rated funds owning its shares rose from 18 in Jun '15 to 22 in Sep '15. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria). Its small supply of only 10.7 million shares (S criteria) in the public float can contribute top greater volatility in the event of institutional buying or selling. Reported earnings +64% on +31% sales revenue for the Sep '15 quarter and the past 8 quarterly comparisons earnings increases versus the year ago periods well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has been good, but its has a limited history since its Oct 2014 IPO at $13. 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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$54.32
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+0.38
0.70% |
$54.38
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111,365
63.64% of 50 DAV
50 DAV is 175,000
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$57.99
-6.33%
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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 - 11/19/2015 5:21:08 PM
Y - Still sputtering and slumping back into the prior base. Its 50 DMA line ($51.74) defines the next important support level. 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 |
View all notes |
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News |
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C
A
S
I |
SFNC
-
NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks
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$56.13
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+0.27
0.48% |
$56.77
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115,929
61.02% of 50 DAV
50 DAV is 190,000
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$58.58
-4.18%
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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 - 11/19/2015 5:22:46 PM
G - Extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 11/19/2015 |
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News |
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C
A
S
I |
MANH
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NASDAQ
Manhattan Associates Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
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$73.72
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+1.01
1.39% |
$74.03
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405,881
76.44% of 50 DAV
50 DAV is 531,000
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$76.49
-3.62%
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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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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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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$61.71
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+0.61
1.00% |
$62.61
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147,331
193.86% of 50 DAV
50 DAV is 76,000
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$66.29
-6.91%
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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 |
View all notes |
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C
A
S
I |
STMP
-
NASDAQ
Stamps.com Inc
INTERNET - Internet Software and Services
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$98.71
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+1.73
1.78% |
$100.20
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304,682
109.60% of 50 DAV
50 DAV is 278,000
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$106.43
-7.25%
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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 - 11/19/2015 5:23:45 PM
G - Consolidating above its "max buy" level 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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$202.52
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-2.27
-1.11% |
$205.41
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214,002
82.63% of 50 DAV
50 DAV is 259,000
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$216.27
-6.36%
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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 |
View all notes |
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News |
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C
A
S
I |
ULTA
-
NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
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$170.51
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+6.01
3.65% |
$170.54
|
788,092
108.11% of 50 DAV
50 DAV is 729,000
|
$176.77
-3.54%
|
10/22/2015
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$168.02
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PP = $170.31
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MB = $178.83
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Most Recent Note - 11/20/2015 5:34:20 PM
G - Rebounded above its 50 DMA line this week after finding support near its 200 DMA line. Little resistance remains due to overhead supply up through the $176 level. Fundamental concerns remain after the Sep '15 quarter earnings were below the +25% minimum guideline (C criteria).
>>> 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
|
$58.39
|
+0.49
0.85% |
$58.84
|
262,992
59.64% of 50 DAV
50 DAV is 441,000
|
$61.75
-5.44%
|
9/23/2015
|
$51.26
|
PP = $52.55
|
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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
|
$75.78
|
+0.87
1.16% |
$76.60
|
423,532
190.78% of 50 DAV
50 DAV is 222,000
|
$77.39
-2.08%
|
10/22/2015
|
$66.65
|
PP = $68.95
|
|
MB = $72.40
|
Most Recent Note - 11/20/2015 5:38:11 PM
G - Posted another gain with above average volume. It has been stubbornly holding its ground above its "max buy" level, 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
|
$16.81
|
+0.03
0.18% |
$16.89
|
2,829
16.64% of 50 DAV
50 DAV is 17,000
|
$17.95
-6.35%
|
11/4/2015
|
$17.00
|
PP = $18.05
|
|
MB = $18.95
|
Most Recent Note - 11/20/2015 5:30:59 PM
Y - Found support above its 50 DMA line this week. 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. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support This Week Above 50-Day Moving Average - 11/20/2015 |
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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
|
$42.56
|
+1.66
4.06% |
$43.76
|
462,807
114.56% of 50 DAV
50 DAV is 404,000
|
$55.45
-23.25%
|
10/23/2015
|
$42.12
|
PP = $44.85
|
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MB = $47.09
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Most Recent Note - 11/20/2015 5:36:52 PM
G - Halted its slide with a gain today at its 50 DMA line after 3 consecutive losses with heavy volume. Its slump below prior highs in the $44 area raised concerns while negating its recent breakout.
>>> 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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