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AFTER MARKET UPDATE - FRIDAY, JANUARY 12TH, 2018
Previous After Market Report Next After Market Report >>>
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DOW |
+228.46 |
25,803.19 |
+0.89% |
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Volume |
874,634,870 |
+6% |
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Volume |
1,988,566,290 |
-0% |
NASDAQ |
+49.28 |
7,261.06 |
+0.68% |
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Advancers |
1,619 |
55% |
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Advancers |
1,488 |
57% |
S&P 500 |
+18.68 |
2,786.24 |
+0.67% |
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Decliners |
1,318 |
45% |
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Decliners |
1,116 |
43% |
Russell 2000 |
+5.18 |
1,591.97 |
+0.33% |
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52 Wk Highs |
391 |
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52 Wk Highs |
417 |
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S&P 600 |
+3.56 |
969.17 |
+0.37% |
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52 Wk Lows |
53 |
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52 Wk Lows |
17 |
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Indices Surged Higher With Greater Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week the Dow gained 2.0%, the S&P 500 climbed 1.6%, and the Nasdaq advanced 1.7%. Stocks finished firmly higher Friday. The Dow climbed 228 points to 25803. The S&P 500 added 18 points to 2786 while the Nasdaq Composite rose 39 points to 7261. Volume totals reported were mixed, higher than the prior session total on the NYSE but slightly lower on the Nasdaq exchange. Advancers led decliners by more than an 8-7 margin on the NYSE and 7-5 on the Nasdaq exchange. Leadership expanded as there were 141 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 95 on the prior session. New 52-week highs totals expanded considerably as they solidly outnumbered new 52-week lows totals 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 another 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.
U.S equities closed out the week on a high note as strong corporate earnings propelled the major averages to new all-time record levels. On the data front, a gauge of inflation revealed core consumer prices increased 0.3% month over month in December topping expectations of a 0.2% increase. Following this release, the two-year note yield topped 2.0% for the first time since September 2008 amid speculation of Fed tightening. An additional release showed retail sales increased 0.4% in December, slightly below consensus estimates of a 0.5% increase.
Consumer Discretionary paced the advance with Lowe’s (LOW +5.35%)on reports D.E. Shaw acquired an activist stake in the company. Financials also provided a market tailwind as BlackRock (BLK +3.27%) and J.P. Morgan (JPM +1.65%) rose after both posted profits above consensus forecasts. However, Aflac (AFL -7.36%) fell amid fraud allegations. Over in Technology, Facebook (FB -4.47%) on negative analyst commentary.
Treasuries were weaker, as the yield on the 10-year note added one basis point to 2.55%. In commodities, NYMEX WTI crude was up 1.0% to $64.41/barrel. COMEX gold was up 0.7% to $1331.50/ounce.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +2.01%) outpaced the Bank Index ($BKX +0.81%) and the Broker/Dealer Index ($XBD +1.15%) on Friday. The tech sector was led higher by the Biotechnology Index ($BTK +1.08%) while the Networking Index ($NWX +0.64%) and the Semiconductor Index ($SOX +0.59%) also edged higher. The Gold & Silver Index ($XAU +2.37%) outpaced the Integrated Oil Index ($XOI +1.17%) and the Oil Services Index ($OSX +0.60%). Charts courtesy wwwstockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.15%) tallied an impressive streak of consecutive gains as it rallied for new record highs.
Oil Services |
$OSX |
164.17 |
+0.98 |
+0.60% |
+9.78% |
Integrated Oil |
$XOI |
1,430.84 |
+16.57 |
+1.17% |
+7.13% |
Semiconductor |
$SOX |
1,322.10 |
+7.76 |
+0.59% |
+5.51% |
Networking |
$NWX |
513.59 |
+3.27 |
+0.64% |
+4.70% |
Broker/Dealer |
$XBD |
281.20 |
+3.19 |
+1.15% |
+6.02% |
Retail |
$RLX |
1,887.50 |
+37.22 |
+2.01% |
+8.87% |
Gold & Silver |
$XAU |
89.11 |
+2.07 |
+2.38% |
+4.50% |
Bank |
$BKX |
113.05 |
+0.91 |
+0.81% |
+5.94% |
Biotech |
$BTK |
4,489.75 |
+47.94 |
+1.08% |
+6.34% |
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Finished Strong With Big Gain on +118% Above Average Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Paycom Software Inc (PAYC +$4.25 or +5.03% to +$88.75) finished strong after highlighted in yellow with pivot point cited based on its 11/27/17 high plus 10 cents in the earlier mid-day report (read here). Its gain above the pivot point was backed by +118% above average volume triggering a technical buy signal.
The high-ranked Computer Software - Enterprise firm reported earnings +93% on +31% sales revenues for the Sep '17 quarter, and 3 of the past 4 quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Since dropped from the Featured Stocks list on 11/03/16 it found support near its 200 DMA line and then rebounded and rallied to new highs.
It has earned a 98 Earnings Per Share Rating, near the highest possible rank. It reported earnings +110% on +61% sales revenues for the Jun '16 quarter, and prior quarterly earnings were above the +25% minimum guideline (C criteria). Its current Up/Down Volume ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 286 in Mar '16 to 411 in Dec '17, a reassuring sign concerning the I criteria. It has a Timeliness rating of A and Sponsorship rating of B. It completed Secondary Offerings on on 11/13/15, 9/16/15, 5/15/15 and 1/14/15 since its $15 IPO on 4/15/14.
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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
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$156.50
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-0.25
-0.16% |
$159.17
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664,938 111.94% of 50 DAV
50 DAV is 594,000
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$157.50 -0.63%
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12/19/2017
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$153.92
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PP = $156.96
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MB = $164.81
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Most Recent Note - 1/12/2018 7:13:56 PM
Y - Touched a new high today, but rather than rally it reversed into the red and ended the session with a loss on higher (near average) volume. Holding its ground in a tight range for the past 7 weeks. It has not yet produced gains above the pivot point backed by at least the +40% above average volume needed to trigger a new (or add-on) technical buy signal. Its 50 DMA line ($145.74) defines near-term support to watch above prior highs in the $138 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Holding Ground in Tight Range Near High - 12/27/2017 |
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C
A
S
I |
ROG
-
NYSE
Rogers Corp
CONSUMER NON-DURABLES - Rubber and Plastics
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$171.61
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+3.15
1.87% |
$171.75
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163,321 84.19% of 50 DAV
50 DAV is 194,000
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$184.00 -6.73%
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12/29/2017
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$162.92
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PP = $168.17
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MB = $176.58
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Most Recent Note - 1/12/2018 7:19:50 PM
Y - Posted a gain with light volume today for its 2nd best close ever, consolidating after triggering a technical buy signal last week. Raised concerns after a big "negative reversal" at a new all-time high on 1/03/18. Disciplined investors avoid chasing stocks more than 5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Hovering Near Prior High After 3rd Strong Quarterly Earnings - 12/29/2017 |
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C
A
S
I |
AVGO
-
NASDAQ
Avago Technologies Ltd
ELECTRONICS - Semiconductor - Broad Line
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$264.29
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+0.79
0.30% |
$265.32
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1,988,256 59.75% of 50 DAV
50 DAV is 3,327,500
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$285.68 -7.49%
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1/5/2018
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$271.62
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PP = $285.78
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MB = $300.07
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Most Recent Note - 1/12/2018 7:16:30 PM
G - Color code is changed to green as its Relative Strength rating has slumped to 75, below the 80+ minimum guideline for buy candidates. Also sputtering below its 50 DMA line ($267.10) this week. The recent low ($254.20 on 12/06/17) defines important support below its short-term average. Damaging violations would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound Above 50-Day Moving Average - 1/5/2018 |
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C
A
S
I |
TPL
-
NYSE
Texas Pacific Land Trust
FINANCIAL SERVICES - Diversified Investments
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$528.05
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-13.74
-2.54% |
$540.00
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43,082 307.73% of 50 DAV
50 DAV is 14,000
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$544.93 -3.10%
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12/21/2017
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$419.50
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PP = $435.09
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MB = $456.84
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Most Recent Note - 1/12/2018 12:38:32 PM
G - Retreating today after getting very extended from the prior base with a streak of 4 consecutive gains backed by above average volume. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs in the $434 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Real Estate Trust Perched Within Striking Distance of Prior High - 12/21/2017 |
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C
A
S
I |
YY
-
NASDAQ
YY Inc
INTERNET - Internet Service Providers
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$135.23
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+7.59
5.95% |
$135.46
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1,766,856 122.61% of 50 DAV
50 DAV is 1,441,000
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$131.99 2.45%
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12/29/2017
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$113.06
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PP = $123.58
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MB = $129.76
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Most Recent Note - 1/12/2018 7:00:03 PM
G - Color code is changed to green after rising above its "max buy" level with today's gain backed by only +22% above average volume. Gains above the pivot point must have at least +40% above average volume to meet the guidelines for a proper technical buy signal. Its 50 DMA line ($109.18) defines support above the recent low ($98.50 on 12/06/17). This China-based Internet - Content firm's fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Touched a New High But Ended Below New Pivot Point Cited - 1/4/2018 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$155.04
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+2.80
1.84% |
$155.75
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375,664 56.83% of 50 DAV
50 DAV is 661,000
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$159.35 -2.70%
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12/22/2017
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$138.07
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PP = $142.90
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MB = $150.05
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Most Recent Note - 1/12/2018 7:22:46 PM
G - Volume totals have been cooling while stubbornly holding its ground above its "max buy" level. Near term chart support is defined by the prior high $142.80.
>>> FEATURED STOCK ARTICLE : Sales Revenues Growth Rate Shows Acceleration - 12/22/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
Bldg-Mobile/Mfg and RV
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$67.75
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-0.50
-0.73% |
$68.50
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95,208 66.12% of 50 DAV
50 DAV is 144,000
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$71.13 -4.75%
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10/26/2017
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$90.90
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PP = $87.90
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MB = $92.30
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Most Recent Note - 1/12/2018 7:31:21 PM
G - Extended from any sound base, consolidating above its 50 DMA line ($64.62) and prior highs in the $64 area defining 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 an annotated graph.
>>> FEATURED STOCK ARTICLE : Pulled Back From Record High With Higher Volume - 1/10/2018 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
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$48.08
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+0.24
0.50% |
$48.52
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623,158 71.71% of 50 DAV
50 DAV is 869,000
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$47.96 0.25%
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10/9/2017
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$39.75
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PP = $41.54
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MB = $43.62
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Most Recent Note - 1/12/2018 7:21:39 PM
G - extended from any sound base, it hit a new all-time high with today's 7th consecutive gain. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Perched Near High After Brief Consolidation Below 50 DMA Line - 1/9/2018 |
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C
A
S
I |
FIVE
-
NASDAQ
Five Below Inc
Retail-DiscountandVariety
|
$66.93
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-1.19
-1.75% |
$68.93
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899,200 78.46% of 50 DAV
50 DAV is 1,146,000
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$73.55 -9.00%
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1/2/2018
|
$69.16
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PP = $68.99
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MB = $72.44
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Most Recent Note - 1/12/2018 7:29:19 PM
Y - Recent low ($64.73 on 1/10/18) defines important near term support above its 50 DMA line ($63.46) while consolidating. Weak action on 1/08/18 negated a recent breakout from an advanced "3 weeks tight" base. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Retail - Discount & Variety Firm Has Strong Fundamentals - 12/19/2017 |
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C
A
S
I |
OLED
-
NASDAQ
Universal Display Corp
Elec-Misc Products
|
$196.60
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-1.20
-0.61% |
$203.30
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919,467 93.73% of 50 DAV
50 DAV is 981,000
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$198.30 -0.86%
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1/8/2018
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$191.68
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PP = $192.85
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MB = $202.49
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Most Recent Note - 1/12/2018 7:10:19 PM
Y - Stubbornly holding its ground since its gain on 1/08/18 triggered a convincing new (or add-on) technical buy signal. Recently found support above its 50 DMA line ($175.93). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Technical Breakout With Volume-Driven Gain For New High - 1/8/2018 |
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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 |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
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$259.03
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-1.76
-0.67% |
$262.84
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824,170 89.78% of 50 DAV
50 DAV is 918,000
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$261.81 -1.06%
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1/8/2018
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$248.88
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PP = $245.75
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MB = $258.04
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Most Recent Note - 1/12/2018 7:04:21 PM
G - Color code is changed to green after getting extended from the previously noted base. Rose above the new pivot point cited based on its 11/21/17 high plus 10 cents with a gain backed +108% above average volume triggering a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Wedging Near Prior High - 1/2/2018 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$88.75
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+4.25
5.03% |
$89.37
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1,245,075 218.43% of 50 DAV
50 DAV is 570,000
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$86.10 3.08%
|
1/12/2018
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$87.93
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PP = $86.20
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MB = $90.51
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Most Recent Note - 1/12/2018 6:53:52 PM
Y - Finished strong after highlighted in yellow in the mid-day report with pivot point cited based on its 11/27/17 high plus 10 cents (read here). Gain above the pivot point backed by +118% above average volume triggered a technical buy signal. Fundamentals remain strong. Reported earnings +93% on +31% sales revenues for the Sep '17 quarter, and 3 of the past 4 quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finished Strong With Big Gain on +118% Above Average Volume - 1/12/2018 |
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A
S
I |
GRUB
-
NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software
|
$70.61
|
+2.39
3.50% |
$70.82
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1,542,947 128.58% of 50 DAV
50 DAV is 1,200,000
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$74.81 -5.61%
|
6/21/2017
|
$47.33
|
PP = $46.94
|
MB = $49.29
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Most Recent Note - 1/12/2018 6:58:09 PM
G - Found prompt support near its 50 DMA line ($68.06) this week and rose further today on higher volume helping its outlook improve. Subsequent losses undercutting the latest low ($66.28) would raise greater concerns. See the latest FSU for additional details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Prompt Rebound Above 50-Day Moving Average Helped Outlook - 1/11/2018 |
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C
A
S
I |
IBP
-
NYSE
Installed Building Prod
DIVERSIFIED SERVICES - Business/Management Services
|
$73.00
|
-0.25
-0.34% |
$73.95
|
177,558 90.13% of 50 DAV
50 DAV is 197,000
|
$79.40 -8.06%
|
12/26/2017
|
$75.00
|
PP = $79.50
|
MB = $83.48
|
Most Recent Note - 1/12/2018 7:24:31 PM
Y - Consolidating in an orderly fashion above its 50 DMA line ($71.83). Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Subsequent losses leading to violations of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Building on an Advanced Ascending Base Pattern - 12/26/2017 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$55.50
|
+1.50
2.78% |
$56.65
|
695,481 120.33% of 50 DAV
50 DAV is 578,000
|
$54.30 2.21%
|
11/21/2017
|
$46.78
|
PP = $47.00
|
MB = $49.35
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Most Recent Note - 1/12/2018 7:01:19 PM
G - Hit another new high with today's gain backed by +20% above average volume, getting more extended from any sound base. Its 50 DMA line ($48.88) defines important near-term support above prior highs in the $46 area. Fundamentals remain very strong.
>>> FEATURED STOCK ARTICLE : Extended From Latest Base and Perched Near Record High - 12/20/2017 |
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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 |
HLI
-
NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs
|
$50.25
|
+0.63
1.27% |
$50.71
|
304,762 154.70% of 50 DAV
50 DAV is 197,000
|
$49.63 1.25%
|
1/3/2018
|
$45.88
|
PP = $47.09
|
MB = $49.44
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Most Recent Note - 1/12/2018 7:07:14 PM
G - Color code is changed to green after rallying above its "max buy" with +54% above average volume behind today's 5th consecutive gain. Its 50 DMA line ($44.55) defines near-term support to watch on pullbacks. On 10/26/17 it completed a Secondary Offering. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Tight Weekly Closes Formed Advanced Base Pattern - 1/3/2018 |
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A
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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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