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AFTER MARKET UPDATE - MONDAY, DECEMBER 19TH, 2016
Previous After Market Report Next After Market Report >>>
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DOW |
+39.65 |
19,883.06 |
+0.20% |
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Volume |
947,840,790 |
-71% |
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Volume |
1,517,402,780 |
-41% |
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NASDAQ |
+20.28 |
5,457.44 |
+0.37% |
|
Advancers |
1,875 |
63% |
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Advancers |
1,796 |
59% |
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S&P 500 |
+4.46 |
2,262.53 |
+0.20% |
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Decliners |
1,117 |
37% |
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Decliners |
1,243 |
41% |
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Russell 2000 |
+7.49 |
1,371.68 |
+0.55% |
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52 Wk Highs |
100 |
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52 Wk Highs |
157 |
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S&P 600 |
+3.80 |
845.84 |
+0.45% |
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52 Wk Lows |
22 |
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52 Wk Lows |
44 |
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Major Averages Remain Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Monday. The Dow was up 39 points to 19883. The S&P 500 added 4 points to 2262 and the Nasdaq Composite 20 points to 5457. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, as the prior session totals had been boosted by options expirations. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 45 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 48 on the prior session. New 52-week highs outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The Dow Jones Industrial Average has been encountering distributional pressure as indicated by recent losses on higher volume after challenging the psychologically important 20,000 level.
While remaining near record high territory 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 Monday as the post-election rally continued and investors digested commentary from Fed Chair Janet Yellen. In prepared remarks, Yellen said the U.S. has the strongest jobs market in nearly a decade amid accelerating wage growth and a low layoff rate. She stated that recent economic gains have raised living standards for most Americans. On the data front, Markit’s survey of U.S. business activity expanded to 53.4 in December.
Eight of 11 sectors in the S&P 500 finished in positive territory. Telecom stocks paced the gains with Verizon VZ +1.22%) gaining. Industrials outperformed with United Technologies (UTX +2.12%) rising after being the subject of positive analyst commentary. In M&A news, Mosaic (MOS -6.06%) fell as the company purchased the fertilizer business of Vale SA (VALE -5.51%) for $2.5 billion. Allied World Assurance (AWH +13.09%) rose after agreeing to a $4.9 billion takeover bid from Fairfax Financial (FRFHF -2.07%). In earnings, Lennar Corp (LEN -0.05%) was little changed despite the homebuilder reporting better-than-expected quarterly profit.
Treasuries advanced with the benchmark 10-year note up 15/32 to yield 2.53%. In commodities, NYMEX WTI crude added 0.5% to $52.12/barrel. COMEX gold gained 0.5% to $1140.50/ounce. In FOREX, the Dollar Index gained 0.2%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Semiconductor, Networking, Retail, and Bank Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.38%) and Bank Index ($BKX +0.27%) both edged higher while the Broker/Dealer Index ($XBD -0.24%) ended lower on Monday. The tech sector was mixed as the Semiconductor Index ($SOX +0.98%) and Networking Index ($NWX +0.60%) rose but the Biotechnology Index ($BTK -1.20%) lost ground. The Gold & Silver Index ($XAU +0.16%) inched higher as the Oil Services Index ($OSX -0.38%) and the Integrated Oil Index ($XOI -0.46) both ended modestly lower. Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +0.60%) remains perched near record highs.
| Oil Services |
$OSX |
186.30 |
-0.71 |
-0.38% |
+18.11% |
| Integrated Oil |
$XOI |
1,278.89 |
-5.92 |
-0.46% |
+19.22% |
| Semiconductor |
$SOX |
909.68 |
+8.83 |
+0.98% |
+37.11% |
| Networking |
$NWX |
451.75 |
+2.68 |
+0.60% |
+20.17% |
| Broker/Dealer |
$XBD |
208.89 |
-0.49 |
-0.24% |
+17.29% |
| Retail |
$RLX |
1,377.42 |
+5.20 |
+0.38% |
+7.32% |
| Gold & Silver |
$XAU |
73.53 |
+0.12 |
+0.16% |
+62.32% |
| Bank |
$BKX |
91.97 |
+0.25 |
+0.27% |
+25.85% |
| Biotech |
$BTK |
3,158.98 |
-38.34 |
-1.20% |
-17.17% |
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Breakaway Gap Technically Clears 11-Week V Shaped Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
BioTelemetry Inc (BEAT +$2.00 or +9.43% to $23.20) was highlighted in yellow with pivot point cited based on its 10/05/16 high plus 10 cents in the earlier mid-day report (read here). It finished strong with +350% above average volume behind its gain after gapping up today, hitting a new 52-week high (N criteria). It rose from an 11-week "V shaped pattern, which is not as ideal as a more orderly base pattern. It found prompt support near its 200-day moving average (DMA) line, a reassuring sign that institutional owners stepped up near that long-term average.
It has the highest possible Earnings Per Share Rating of 99, well above the 80+ minimum guideline for buy candidates. Its quarterly and annual earnings history is a good match with the C and A criteria. Earnings per share rose +200%, +233%, +67%, and +62% in the Dec '15, Mar, Jun and Sep '16 quarters, respectively. During that same span the sales revenues increases were +7%, +12%, +18%, and +22%, showing encouraging acceleration.
The number of top-rated funds owning its shares rose from 194 in Dec '15 to 259 in Sep '16.Increasing ownership by top-rated funds is a reassuring sign concerning the I criteria, and it has a small supply (S criteria) of only 28.2 million shares outstanding. Disciplined investors know to never chase stocks and buy them more than +5% above prior highs, and to preserve capital they always sell any stock that falls more than -8% from their purchase price.
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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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$24.98
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+0.18
0.73% |
$25.14
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190,832
70.68% of 50 DAV
50 DAV is 270,000
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$25.74
-2.96%
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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 - 12/13/2016 5:48:09 PM
G - Perched near all-time highs following a streak of volume-driven gains, very extended from any sound base. Its 50 DMA line ($20.39) defines near-term support above prior highs in the $19 area.
>>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains on Volume - 12/2/2016 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.85
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+0.55
2.85% |
$20.00
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93,133
100.14% of 50 DAV
50 DAV is 93,000
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$23.00
-13.70%
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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 - 12/19/2016 5:49:11 PM
G - Managed a "positive reversal" today for a gain with near average volume, finishing well above its "max buy" level. Prior highs in the $18 area define initial support to watch. Reported very strong Sep '16 quarterly sales revenues and earnings increases.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$51.35
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-0.03
-0.06% |
$51.50
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691,769
44.49% of 50 DAV
50 DAV is 1,555,000
|
$51.66
-0.59%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 12/19/2016 5:52:11 PM
G - Stubbornly holding its ground after powering to new 52-week highs with considerable volume-driven gains. Prior highs in the $46 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After "Breakaway Gap" With Heavy Volume - 12/1/2016 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$68.65
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+0.95
1.40% |
$68.70
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457,595
98.83% of 50 DAV
50 DAV is 463,000
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$71.97
-4.61%
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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 - 12/19/2016 5:53:19 PM
G - Pulled back from all-time highs, yet it remains very extended from its prior base. Prior highs and its 50 DMA line define important support in the $60 area.
>>> FEATURED STOCK ARTICLE : Hit Another New High Today With Volume-Driven Gain - 12/5/2016 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$47.20
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-1.43
-2.94% |
$48.90
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150,201
85.34% of 50 DAV
50 DAV is 176,000
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$54.23
-12.96%
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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 - 12/19/2016 5:57:13 PM
G - Testing prior highs near $47 and its 50 DMA line ($47.11) defining important support to watch. More damaging losses would raise greater concerns and trigger technical sell signals. After getting extended from its prior base it was repeatedly noted with caution in prior reports - "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 : Mostly Bullish Action Continues to Bode Well for China Lodging - 12/9/2016 |
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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
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NYSE
Drew Industries Inc
MATERIALS and CONSTRUCTION - General Building Materials
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$109.55
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+1.40
1.29% |
$110.05
|
105,078
42.54% of 50 DAV
50 DAV is 247,000
|
$110.75
-1.08%
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11/29/2016
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$106.29
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PP = $101.00
|
|
MB = $106.05
|
Most Recent Note - 12/13/2016 5:49:28 PM
G - Touched a new high today but reversed into the red. Stubbornly holding its ground just above its "max buy" level. Prior highs in the $101-103 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Volume-Driven Gain For New Highs - 11/30/2016 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
|
$23.14
|
+0.15
0.65% |
$23.57
|
156,790
104.53% of 50 DAV
50 DAV is 150,000
|
$24.99
-7.40%
|
10/27/2016
|
$21.03
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PP = $22.60
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MB = $23.73
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Most Recent Note - 12/16/2016 5:19:28 PM
Y - Color code is changed to yellow after sinking below its "max buy" level with today's loss on average volume. Recent lows in the $22 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$23.20
|
+2.00
9.43% |
$23.40
|
1,250,998
450.00% of 50 DAV
50 DAV is 278,000
|
$21.70
6.91%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
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Most Recent Note - 12/19/2016 5:47:11 PM
Y - Finished strong with +350% above average volume behind its considerable gain today after highlighted in yellow with pivot point cited based on its 10/05/16 high plus 10 cents in the earlier mid-day report. A breakaway gap cleared an 11-week "V shaped pattern during which it found prompt support near its 200 DMA line. Quarterly and annual earnings history is a good match with the C and A criteria. Increasing ownership by top-rated funds is a reassuring sign concerning the I criteria, and it has a small supply (S criteria) of only 28.2 million shares outstanding. See the latest FSU analysis for additional; details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Technically Clears 11-Week V Shaped Base - 12/19/2016 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$74.40
|
+0.40
0.54% |
$74.65
|
105,326
94.04% of 50 DAV
50 DAV is 112,000
|
$75.53
-1.50%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 12/13/2016 5:51:12 PM
G - Encountered distributional pressure as it pulled back with above average volume today finishing near its "max buy" level. Prior highs in the $69 area define initial support to watch on pullbacks.
>>> 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
|
$97.94
|
+1.26
1.30% |
$98.78
|
927,017
125.10% of 50 DAV
50 DAV is 741,000
|
$98.90
-0.97%
|
11/21/2016
|
$93.80
|
PP = $88.66
|
|
MB = $93.09
|
Most Recent Note - 12/14/2016 4:01:38 PM
G - Rallied further above its "max buy" level and hit a new high with today's volume-driven gain. 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 |
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 |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$73.22
|
+1.17
1.62% |
$73.33
|
98,215
70.15% of 50 DAV
50 DAV is 140,000
|
$75.84
-3.45%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 12/16/2016 5:21:10 PM
G - Churned heavy volume today while pulling back from all-time highs. Very extended from its prior base. Its 50 DMA line ($62) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Financial Firm Remains Extended Well Above Prior Highs - 12/14/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$30.10
|
+0.20
0.67% |
$30.70
|
675,416
98.31% of 50 DAV
50 DAV is 687,000
|
$32.75
-8.09%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 12/19/2016 5:54:34 PM
Y - Color code was changed to yellow after slumping below its "max buy" level. Prior highs in the $28 area define important support to watch coinciding with its 50 DMA line.
>>> 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 |
LITE
-
NASDAQ
Lumentum Holdings Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$39.95
|
+0.85
2.17% |
$40.40
|
512,757
48.60% of 50 DAV
50 DAV is 1,055,000
|
$45.25
-11.71%
|
12/8/2016
|
$42.80
|
PP = $45.35
|
|
MB = $47.62
|
Most Recent Note - 12/19/2016 5:50:48 PM
Y - Color code is changed to yellow after a quiet gain finishing above its 50 DMA line helped its outlook to improve. Little resistance remains due to overhead supply. Volume-driven gains for new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging its High With Big Volume-Driven Gain - 12/8/2016 |
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C
A
S
I |
|
|
|
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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