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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 29TH, 2016
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DOW |
+23.70 |
19,121.60 |
+0.12% |
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Volume |
901,484,420 |
+7% |
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Volume |
1,607,102,360 |
+11% |
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NASDAQ |
+11.11 |
5,379.92 |
+0.21% |
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Advancers |
1,433 |
48% |
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Advancers |
1,408 |
49% |
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S&P 500 |
+2.94 |
2,204.66 |
+0.13% |
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Decliners |
1,523 |
52% |
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Decliners |
1,460 |
51% |
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Russell 2000 |
-1.61 |
1,328.22 |
-0.12% |
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52 Wk Highs |
138 |
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52 Wk Highs |
194 |
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S&P 600 |
-0.68 |
814.42 |
-0.08% |
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52 Wk Lows |
18 |
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52 Wk Lows |
35 |
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Breadth Was Mixed as Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Tuesday. The Dow was up 23 points to 19121. The S&P 500 added 2 points to 2204 and the Nasdaq Composite gained 11 points to 5379. Volume totals on Tuesday were up the prior session totals on the NYSE and on the Nasdaq exchange. Advancers and decliners were evenly mixed on the Nasdaq exchange and on the NYSE. Leadership improved slightly as there were 66 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 61 on the prior session. New 52-week highs totals contracted but still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average remains perched near its record high.
The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages advanced on the session Tuesday as investors digested optimistic updates on the economy. On the data front, third-quarter GDP rose at a 3.2% annualized rate, revised upward from a previous 2.9% reading. In a separate release, the Case-Shiller Index showed U.S. home prices increased 5.5% year-over-year in September. Finally, an update revealed consumer sentiment rose to the highest level since July 2007.
Nine of 11 sectors in the S&P 500 finished in positive territory. In earnings, Thor Industries (THO +12.61%) gapped up to new highs amid strong demand for its towable trailer segment. Tiffany & Co (TIF +3.15%) rose as the luxury goods retailer posted better-than-expected quarterly profit. In Health Care, UnitedHealth Group (UNH +3.60%) rose after the insurer provided optimistic 2017 guidance. Shares of Mallinckrodt (MNK -9.10%) fell despite the company reporting double-digit sales growth of its key branded drugs. In the consumer space, Delphi Automotive (DLPH -4.34%) fell after being the subject of negative analyst commentary.
Treasuries advanced with the benchmark 10-year note up 4/32 to yield 2.32%. The 30-year bond was 17/32 higher to yield 2.94%. In commodities, NYMEX WTI crude retreated 3.9% to $45.23/barrel, ahead of tomorrow’s OPEC meeting in Vienna. COMEX gold lost 0.3% to $1187.30/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank and Tech Groups Rose While Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.31%) ended slightly lower while the Broker/Dealer Index ($XBD +0.02%) finished flat and the Bank Index ($BKX +0.30%) posted a small gain. Commodity-linked groups were laggards as the Gold & Silver Index ($XAU -0.99%), Oil Services Index ($OSX -1.99%), and the Integrated Oil Index ($XOI -1.39%) were lower. The Biotechnology Index ($BTK +0.14%) and Networking Index ($NWX +0.33%) each posted a small gain but the Semiconductor Index ($SOX -0.23%) ended slightly in the red. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD +0.02%) is consolidating after reaching new all-time highs.
| Oil Services |
$OSX |
161.16 |
-3.28 |
-1.99% |
+2.17% |
| Integrated Oil |
$XOI |
1,156.44 |
-16.28 |
-1.39% |
+7.81% |
| Semiconductor |
$SOX |
885.25 |
-2.00 |
-0.23% |
+33.43% |
| Networking |
$NWX |
434.77 |
+1.44 |
+0.33% |
+15.65% |
| Broker/Dealer |
$XBD |
201.22 |
+0.04 |
+0.02% |
+12.99% |
| Retail |
$RLX |
1,368.56 |
-4.21 |
-0.31% |
+6.63% |
| Gold & Silver |
$XAU |
80.88 |
-0.81 |
-0.99% |
+78.54% |
| Bank |
$BKX |
85.55 |
+0.25 |
+0.29% |
+17.06% |
| Biotech |
$BTK |
3,289.32 |
+4.57 |
+0.14% |
-13.76% |
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Volume-Backed Breakout Triggered New Technical Buy Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Patrick Industries Inc (PATK +$3.75 or +5.50% to $71.90) was highlighted in yellow with new pivot point cited based on its 7/28/16 high plus 10 cents in the earlier mid-day report (read here). The convincing gain for new highs today was backed by +106% above average volume triggering a new (or add-on) technical buy signal.
PATK was last shown in this FSU section on 10/26/16 with an annotated graph under the headline, "Sputtering Below 50-Day Average Ahead of Earnings News". It foundsupport at its 200-day moving average (DMA) line after dropped from the Featured Stocks list on 10/27/16, and since then it stubbornly held its ground while rebounding impressively. It reported Sep '16 quarterly earnings +36% on +42% sales revenues, continuing its streak of quarterly comparisons steadily above the +25% minimum earnings guideline (C criteria). A small downturn in FY '13 was a flaw previously noted in its annual earnings (A criteria) history.
It was first highlighted in yellow with pivot point based on its 4/28/16 high plus 10 cents in the 5/24/16 mid-day report (read here).
Its current Up/Down Volume ratio of 1.1 is an unbiased indication that its shares were under slight accumulation over the past 50 days. The number of top-rated funds owning its share rose from 218 in Jun '15 to 307 in Sep '16, a reassuring trend concerning the I criteria. Its small supply of 14.3 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. |
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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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$22.46
|
+0.31
1.40% |
$22.63
|
425,128
193.24% of 50 DAV
50 DAV is 220,000
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$22.50
-0.18%
|
10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 11/28/2016 5:22:26 PM
G - Pulled back with above average volume today, encountering distributional pressure. It has been noted as very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $19 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 |
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News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
|
$19.95
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-0.15
-0.75% |
$20.60
|
423,618
550.15% of 50 DAV
50 DAV is 77,000
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$20.65
-3.39%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 11/29/2016 5:21:33 PM
G - Churned above average volume today, encountering some distributional pressure after getting extended from its prior base. Prior highs in the $18 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$66.75
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+0.50
0.75% |
$66.95
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438,269
104.35% of 50 DAV
50 DAV is 420,000
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$67.30
-0.82%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 11/28/2016 5:30:26 PM
G - Pulled back with above average volume today, retreating from multi-year highs following a streak of 16 consecutive gains. It is very extended from its prior base.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
|
$230.04
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-1.74
-0.75% |
$233.36
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1,014,027
82.98% of 50 DAV
50 DAV is 1,222,000
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$272.58
-15.61%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 11/28/2016 12:37:53 PM
G - Posting a gain today with volume running at an above average pace. A rebound above the 50 DMA line ($248) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$52.02
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+0.87
1.70% |
$52.50
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312,599
217.08% of 50 DAV
50 DAV is 144,000
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$51.90
0.22%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 11/29/2016 12:26:42 PM
G - Hitting another new 52-week high today. Cleared its previously cited pivot point with +339% above average volume behind its gain on 11/28/16 triggering a technical buy signal. However, it was repeatedly noted with caution during its recent consolidation - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 |
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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 |
DW
-
NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$106.35
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+3.45
3.35% |
$107.40
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445,791
187.31% of 50 DAV
50 DAV is 238,000
|
$104.18
2.09%
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11/29/2016
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$106.29
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PP = $101.00
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MB = $106.05
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Most Recent Note - 11/29/2016 5:19:20 PM
Y - Finished strong after highlighted in yellow with pivot point cited based on its 9/28/16 high. Hit new all-time highs with today's gain backed by +87% above average volume. Recent gains clearing a "double bottom" base lacked volume above the +40% above average minimum guideline. Rebounded from support at its 200 DMA line in recent weeks. Reported Sep '16 quarterly earnings +70% on +19% sales revenues, marking its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria) Strong annual earnings (A criteria) history matches the fact-based investment system's fundamental guidelines.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below |
View all notes |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.22
|
-0.26
-1.11% |
$23.76
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97,874
61.56% of 50 DAV
50 DAV is 159,000
|
$24.99
-7.08%
|
10/27/2016
|
$21.03
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PP = $22.60
|
|
MB = $23.73
|
Most Recent Note - 11/28/2016 5:27:37 PM
Y - Color code is changed to yellow after quietly pulling back today below its "max buy" level. Prior highs in the $22 area define initial support following its technical breakout. No resistance remains due to overhead supply. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$71.90
|
+3.75
5.50% |
$72.85
|
252,833
217.96% of 50 DAV
50 DAV is 116,000
|
$70.00
2.71%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 11/29/2016 5:17:45 PM
Y - Finished strong after highlighted in yellow with new pivot point cited based on its 7/28/16 high plus 10 cents in the earlier mid-day report. Stubbornly held its ground as it rebounded impressively. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Backed Breakout Triggered New Technical Buy Signal - 11/29/2016 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$95.53
|
-0.44
-0.46% |
$96.84
|
593,992
88.26% of 50 DAV
50 DAV is 673,000
|
$96.06
-0.55%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 11/28/2016 5:20:56 PM
G - Hit another new all-time high today. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point. Prior highs in the $88 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$73.03
|
+1.56
2.18% |
$73.37
|
182,824
210.14% of 50 DAV
50 DAV is 87,000
|
$71.97
1.47%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 11/28/2016 5:32:10 PM
G - Pulled back from its all-time high with a loss on above average volume today. Very extended from its prior base. Its 50 DMA line defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 |
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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 |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.75
|
-0.25
-0.81% |
$31.40
|
618,011
78.33% of 50 DAV
50 DAV is 789,000
|
$32.68
-5.89%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 11/28/2016 5:23:39 PM
G - Pulled back today for a 3rd consecutive loss on below average volume but it remains above its "max buy" level. Recent gains above the pivot point did not have at least +40% above average volume to trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulling Back After Getting Extended More Than +5% Above Prior Highs - 11/28/2016 |
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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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