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AFTER MARKET UPDATE - MONDAY, DECEMBER 18TH, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+140.46 |
24,792.20 |
+0.57% |
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Volume |
921,141,110 |
-62% |
|
Volume |
2,152,257,820 |
-39% |
|
NASDAQ |
+58.18 |
6,994.76 |
+0.84% |
|
Advancers |
2,109 |
71% |
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Advancers |
1,766 |
65% |
|
S&P 500 |
+16.07 |
2,691.88 |
+0.60% |
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Decliners |
870 |
29% |
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Decliners |
937 |
35% |
|
Russell 2000 |
+18.50 |
1,548.92 |
+1.21% |
|
52 Wk Highs |
263 |
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|
52 Wk Highs |
264 |
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S&P 600 |
+12.49 |
945.12 |
+1.34% |
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52 Wk Lows |
19 |
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52 Wk Lows |
36 |
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Breadth Positive and Leadership Improves as Indices Rise
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Breadth was positive and leadership improved as the major indices rose on Monday. Volume totals reported were much lighter than the prior session totals on the NYSE and on the Nasdaq exchange which were inflated by options expirations. Advancers led decliners by more than a 2-1 margin on the NYSE and nearly a 2-1 margin on the Nasdaq exchange. There were 103 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 41 on the prior session. New 52-week highs totals expanded and outnumbered shrinking new 52-week lows on the NYSE and on the Nasdaq exchange. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders. Charts used courtesy of www.stockcharts.com
 PICTURED: The Dow Jones Industrial Average hit a new record high.
The major averages (M criteria) are in a confirmed uptrend. Investors should only consider stocks meeting all key criteria of the fact-based investment system as they trigger technical buy signals.
The major averages rallied amid investor optimism that the GOP tax legislation may pass before the end of the year. According to a report from Politico, the House plans to vote Tuesday, with the Senate potentially following the same day. On the data front, the NAHB Housing Market Index came in above expectations for December.
Utilities lagged while financials were pacing gains with Citigroup Inc. (C +1.20%) and Goldman Sachs (GS +1.11%) rising. In Technology, Akamai Technologies (AKAM +13.4%) while Twitter (TWTR +11.02%) amid positive analyst commentary for each company. In M&A news, Amplify Snack Brands (BETR +70.5%) rose as chocolate maker Hershey (HSY +0.11%) announced it will acquire the company for roughly $1.6 billion. Also in the Consumer Staples space, Campbell Soup (CPB +0.14%) plans to purchase snacks-maker Snyder’s-Lance (LNCE +6.95%) for $4.9 billion. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.28%) and Bank Index ($BKX +1.19%) both outpaced the Broker/Dealer Index ($XBD +0.67%) on Monday. The tech sector had a positive bias as the Semiconductor Index ($SOX +2.16%) and the Networking Index ($NWX +1.19%) both posted solid gains while the Biotechnology Index ($BTK -0.41%) edged lower. The Oil Services Index ($OSX +2.56%), Integrated Oil Index ($XOI +0.69%), and the Gold & Silver Index ($XAU +1.81%) posted unanimous gains. Charts courtesy wwwstockcharts.com
 PICTURED: The Semiconductor Index ($SOX +2.16%) rebounded above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
136.63 |
+3.42 |
+2.57% |
-25.66% |
| Integrated Oil |
$XOI |
1,281.63 |
+8.74 |
+0.69% |
+1.08% |
| Semiconductor |
$SOX |
1,277.91 |
+27.02 |
+2.16% |
+40.98% |
| Networking |
$NWX |
497.27 |
+5.83 |
+1.19% |
+11.47% |
| Broker/Dealer |
$XBD |
265.37 |
+1.76 |
+0.67% |
+29.27% |
| Retail |
$RLX |
1,730.70 |
+21.88 |
+1.28% |
+28.87% |
| Gold & Silver |
$XAU |
81.68 |
+1.45 |
+1.81% |
+3.58% |
| Bank |
$BKX |
107.52 |
+1.27 |
+1.20% |
+17.14% |
| Biotech |
$BTK |
4,156.16 |
-16.99 |
-0.41% |
+35.16% |
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Extended From Any Base, Grubhub Hits Another New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Grubhub Inc (GRUB +$1.36 or +1.88% to $73.66) hit yet another new all-time high with today's gain backed by lighter than average volume, getting very extended from any sound base. Its 50-day moving average (DMA) line ($62.17) and prior highs near $57 define support to watch on pullbacks.
Bullish action has continued after Grubhub reported Sep '17 quarterly earnings +22% on +32% sales revenues. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system.
GRUB is up +66.6% since first highlighted in yellow with pivot point cited based on its 9/29/16 high plus 10 cents in the 4/28/17 mid-day report (read here). Its annual earnings (A criteria) history has been very strong since the high ranked Internet Content firm completed a new Public Offering on 9/03/14.
It has earned a current Timeliness rating of A and a Sponsorship rating of B. It was last shown in this FSU section on 11/22/17 with an annotated graph under the headline, "Extended From Prior Highs After Gains on Light Volume". The number of top-rated funds owning its shares rose from 318 in Jun '16 to 446 in Sep '17, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a fairly small supply of only 84.1 million shares (S criteria) outstanding, which 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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
|
$154.12
|
+4.13
2.75% |
$154.46
|
583,900
91.09% of 50 DAV
50 DAV is 641,000
|
$156.86
-1.75%
|
8/14/2017
|
$106.67
|
PP = $110.01
|
|
MB = $115.51
|
Most Recent Note - 12/13/2017 5:42:48 PM
G - Still hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($136.60) and prior highs in the $138 area define near-term support to watch. Reported earnings +63% on +31% sales revenues for the Oct '17 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base and Hovering Near Record High - 12/7/2017 |
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C
A
S
I |
PFBC
-
NASDAQ
Preferred Bank Los Angls
BANKING - Regional - Pacific Banks
|
$62.07
|
+0.58
0.94% |
$62.88
|
60,863
77.63% of 50 DAV
50 DAV is 78,400
|
$66.58
-6.77%
|
10/10/2017
|
$59.38
|
PP = $59.08
|
|
MB = $62.03
|
Most Recent Note - 12/12/2017 2:18:18 PM
G - Recently met resistance in the $66 area yet found prompt support at its 50 DMA line ($60.74) during its consolidation. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Challenged High After Finding Support at 50 Day Moving Average - 12/5/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Broadcom Limited
ELECTRONICS - Semiconductor - Broad Line
|
$264.39
|
+0.41
0.16% |
$266.51
|
2,977,055
88.95% of 50 DAV
50 DAV is 3,347,000
|
$285.68
-7.45%
|
10/30/2017
|
$261.19
|
PP = $259.46
|
|
MB = $272.43
|
Most Recent Note - 12/13/2017 5:41:22 PM
G - Recently finding support near prior highs in the $259 area and its 50 DMA line ($260.41). More damaging losses would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Testing Support at Prior Highs and 50-Day Average - 12/8/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers
|
$113.13
|
+4.59
4.23% |
$114.37
|
1,350,818
89.46% of 50 DAV
50 DAV is 1,510,000
|
$123.48
-8.38%
|
9/25/2017
|
$80.26
|
PP = $83.10
|
|
MB = $87.26
|
Most Recent Note - 12/18/2017 7:19:03 PM
G - Consolidating above its prior high ($97.59 on 10/16/17) and above its 50 DMA line ($99.30), still extended from any sound base. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Fundamentals Remain Strong; Extended From Any Sound Base - 12/11/2017 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$132.41
|
+7.76
6.23% |
$132.70
|
865,352
144.71% of 50 DAV
50 DAV is 598,000
|
$142.80
-7.28%
|
9/29/2016
|
$46.12
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PP = $47.82
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|
MB = $50.21
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Most Recent Note - 12/18/2017 7:15:12 PM
G - Rebounded above its 50 DMA line ($124.91) with today's 3rd consecutive gain helping its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Weak Technical Action Raises Concerns Despite Strong Fundamentals - 11/29/2017 |
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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 |
PATK
-
NASDAQ
Patrick Industries Inc
Bldg-Mobile/Mfg and RV
|
$68.20
|
+2.00
3.02% |
$68.50
|
148,381
111.56% of 50 DAV
50 DAV is 133,000
|
$68.63
-0.63%
|
10/26/2017
|
$90.90
|
PP = $87.90
|
|
MB = $92.30
|
Most Recent Note - 12/15/2017 5:04:35 PM
G - Hovering near its all-time high, extended from its prior base. Its 50 DMA line ($60.83) defines important near-term support to watch. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near High Following 3:2 Share Split - 12/15/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$45.74
|
+0.85
1.89% |
$45.78
|
564,976
60.30% of 50 DAV
50 DAV is 937,000
|
$47.29
-3.28%
|
10/9/2017
|
$39.75
|
PP = $41.54
|
|
MB = $43.62
|
Most Recent Note - 12/14/2017 6:25:35 PM
G - Pulled back from its all-time high after recently wedging higher with gains lacking great volume conviction. Its 50 DMA line ($43.47) defines important near-term support to watch above prior highs in the $41 area. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulling Back After Recently Wedging Higher - 12/14/2017 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$68.29
|
+1.57
2.35% |
$68.77
|
909,923
89.47% of 50 DAV
50 DAV is 1,017,000
|
$67.57
1.07%
|
10/6/2017
|
$57.13
|
PP = $54.23
|
|
MB = $56.94
|
Most Recent Note - 12/18/2017 7:16:33 PM
G - Hit another new all-time high with a gain today on lighter volume. Very extended from its prior base, its 50 DMA line ($59.43) and prior highs in the $57-58 area define near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base With Earnings News Due - 11/24/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$178.35
|
+7.80
4.57% |
$178.95
|
847,196
91.59% of 50 DAV
50 DAV is 925,000
|
$192.75
-7.47%
|
8/31/2017
|
$128.22
|
PP = $127.78
|
|
MB = $134.17
|
Most Recent Note - 12/18/2017 7:18:05 PM
G - Fundamentals remain strong. Has not formed a sound base pattern. The recent low ($158.00 on 12/05/17) and 50 DMA line ($159.97) define important near-term support to watch. Subsequent losses leading to violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Consolidating After +50% Rally Since First Featured 8/31/17 - 12/13/2017 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$235.39
|
+4.36
1.89% |
$235.66
|
656,608
77.25% of 50 DAV
50 DAV is 850,000
|
$245.65
-4.18%
|
10/27/2017
|
$195.65
|
PP = $196.37
|
|
MB = $206.19
|
Most Recent Note - 12/13/2017 5:40:15 PM
G - Consolidating above its 50 DMA line ($210.35). Below that short-term average its prior low ($206.86 on 12/05/17) defines the next important support level. Subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Halted Volume-Driven Pullback at 50-Day Moving Average Line - 12/6/2017 |
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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 |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$73.66
|
+1.36
1.88% |
$73.67
|
999,218
67.74% of 50 DAV
50 DAV is 1,475,000
|
$73.32
0.46%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
|
MB = $49.29
|
Most Recent Note - 12/18/2017 7:22:07 PM
G - Hit yet another new all-time high with today's gain backed by lighter than average volume, getting very extended from any sound base. Its 50 DMA line ($62.17) defines initial support above prior highs near $57. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Any Base, Grubhub Hits Another New Record High - 12/18/2017 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$75.10
|
+2.25
3.09% |
$75.30
|
174,395
93.26% of 50 DAV
50 DAV is 187,000
|
$79.40
-5.42%
|
9/19/2017
|
$59.15
|
PP = $60.10
|
|
MB = $63.11
|
Most Recent Note - 12/14/2017 6:28:12 PM
G - Posted a solid volume-driven gain today, bouncing from support at its 50 DMA line ($68.36). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rebound and Rally - 12/1/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$52.50
|
+2.50
5.00% |
$53.25
|
1,124,711
227.67% of 50 DAV
50 DAV is 494,000
|
$51.53
1.89%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
|
MB = $49.35
|
Most Recent Note - 12/18/2017 12:51:55 PM
G - Hitting a new high today, getting more extended from its prior base. Its 50 DMA line ($46.30) defines important near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Recently Stalled After Reaching a New High - 11/27/2017 |
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C
A
S
I |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$45.64
|
-0.38
-0.83% |
$46.99
|
157,519
60.58% of 50 DAV
50 DAV is 260,000
|
$46.30
-1.43%
|
9/18/2017
|
$37.04
|
PP = $39.78
|
|
MB = $41.77
|
Most Recent Note - 12/12/2017 6:12:03 PM
G - Wedged to a new all-time high with today's 4th consecutive gain, getting more extended from any sound base. Its 50 DMA line ($42.19) defines near-term support to watch. On 10/26/17 it priced a Secondary Offering. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 12/12/2017 |
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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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