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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 8TH, 2019
Previous After Market Report Next After Market Report >>>
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DOW |
-63.20 |
25,106.33 |
-0.25% |
|
Volume |
833,002,420 |
-12% |
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Volume |
2,068,478,074 |
-9% |
|
NASDAQ |
+9.85 |
7,298.20 |
+0.14% |
|
Advancers |
1,384 |
48% |
|
Advancers |
1,466 |
49% |
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S&P 500 |
+1.83 |
2,707.88 |
+0.07% |
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Decliners |
1,477 |
52% |
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Decliners |
1,498 |
51% |
|
Russell 2000 |
+0.77 |
1,506.39 |
+0.05% |
|
52 Wk Highs |
60 |
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52 Wk Highs |
43 |
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S&P 600 |
-0.87 |
934.59 |
-0.09% |
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52 Wk Lows |
19 |
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52 Wk Lows |
39 |
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Indices Ended Session Mixed but Higher for the Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the S&P 500 added 0.1% while the Dow gained 0.2%. The Nasdaq rose 0.5%. Stocks finished mixed Friday. The Dow lost 63 points to 25,106 while the S&P 500 added a point to 2,707. The Nasdaq Composite gained 9 points to 7,298. The volume totals were lighter than the prior session on both the NYSE and the Nasdaq exchange. Decliners narrowly led advancers on the NYSE and on the Nasdaq exchange. There were 24 high-ranked companies from the Leaders List that made a new 52-week high and were listed on the BreakOuts Page, versus the total of 17 on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE but new highs narrowly outnumbered new lows on the Nasdaq exchange. The major indices are in a confirmed uptrend after recently noted improvements helped to signal a change in market direction (M criteria) back to a bullish stance. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index is consolidating below its 200-day moving average (DMA) line, still -10.3% below its record high.
The major averages fluctuated as strength in Technology shares balanced concerns of slowing global growth. A series of disappointing economic updates from the eurozone this week weighed on investor sentiment early in the session. Trade concerns also garnered attention after a report from the Wall Street Journal revealed the U.S. and China have yet to draft a preliminary trade deal ahead of another round of high-level talks next week. Additionally, President Trump confirmed he will not meet with Chinese President Xi prior to the March 1 deadline.
Seven of 11 S&P 500 sectors finished in positive territory with Consumer Staples stocks pacing gains. Technology was a notable outperformer with Motorola Solutions (MSI +14.12%) gapped up and hit a new 52-week high after reveling robust sales-growth guidance. In other earnings, chipmaker Qorvo (QRVO -3.04%) fell after posting weaker-than-anticipated revenue figures. Shares of Expedia Group (EXPE +2.29%) rose after the online-travel booking company topped analyst revenue forecasts.
Treasuries strengthened for the fourth consecutive session, with the yield on the 10-year note down two basis points to 2.63%. In commodities, WTI crude added 0.1% to $52.68/barrel. COMEX gold gained 0.3% to $1,313.00/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Networking Index and Gold & Silver Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.76%), Broker/Dealer Index ($XBD -0.52%), and the Bank Index ($BKX -0.81%) fell on Friday. The tech sector was mixed as the Networking Index ($NWX +2.90%) posted a standout gain, but the Biotech Index ($BTK -0.02%) finished flat and the Semiconductor Index ($SOX -0.11%) inched lower. The Oil Services Index ($OSX -1.51%) outpaced the Integrated Oil Index ($XOI -0.30%) to the downside while the Gold & Silver Index ($XAU +1.32%) posted a small gain.
Charts courtesy of www.stockcharts.com
 PICTURED: The Retail Index ($RLX -0.76%) rebounded impressively from its December low yet remains below its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
92.82 |
-1.42 |
-1.51% |
+15.16% |
| Integrated Oil |
$XOI |
1,256.53 |
-3.79 |
-0.30% |
+8.41% |
| Semiconductor |
$SOX |
1,302.42 |
-1.50 |
-0.12% |
+12.75% |
| Networking |
$NWX |
552.56 |
+15.55 |
+2.89% |
+13.07% |
| Broker/Dealer |
$XBD |
258.96 |
-1.17 |
-0.45% |
+9.11% |
| Retail |
$RLX |
2,085.49 |
-16.01 |
-0.76% |
+6.87% |
| Gold & Silver |
$XAU |
75.75 |
+0.99 |
+1.32% |
+7.20% |
| Bank |
$BKX |
96.51 |
-0.79 |
-0.81% |
+12.50% |
| Biotech |
$BTK |
4,787.54 |
-0.96 |
-0.02% |
+13.43% |
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Volume-Driven Gains Cleared Prior High After Double Bottom
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Irobot Corp (IRBT +$6.13 or +6.25% to $104.17) was highlighted in yellow with pivot point cited based on its 12/03/18 high after a "double bottom" base. It rallied toward its prior high with today's 3rd consecutive volume-driven gain triggering a technical buy signal. It still faces some resistance due to overhead supply up to the $118 level. It found support near its 200-day moving average (DMA) line during a choppy consolidation in recent months since dropped from the Featured Stocks list on 10/10/18.
Fundamentals have remained strong as the Consumer Durables - Electronic Equipment firm showed earnings increases above the +25% minimum guideline (C criteria) in the past 4 quarterly comparisons through Dec '18. The number of top-rated funds owning its shares rose from 347 in Mar '18 to 385 in Dec '18, and its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a C+ Accumulation/Distribution Rating, a Timeliness Rating of B, and Sponsorship rating of B. Its small supply of only 27.7 million shares outstanding (S criteria) can contribute to greater 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 |
MLR
-
NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts
|
$29.86
|
+0.02
0.07% |
$30.20
|
22,594
66.45% of 50 DAV
50 DAV is 34,000
|
$30.84
-3.18%
|
11/30/2018
|
$28.35
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PP = $29.50
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MB = $30.98
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Most Recent Note - 2/7/2019 5:37:12 PM
Y - Volume totals have been cooling while holding its ground near its all-time high. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line and recent low define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Traded Above Pivot Point Recently Without Great Volume - 1/29/2019 |
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C
A
S
I |
IRBT
-
NASDAQ
Irobot Corp
CONSUMER DURABLES - Electronic Equipment
|
$104.17
|
+6.13
6.25% |
$108.20
|
2,585,172
365.65% of 50 DAV
50 DAV is 707,000
|
$118.75
-12.28%
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2/8/2019
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$104.92
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PP = $103.63
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MB = $108.81
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Most Recent Note - 2/8/2019 4:35:57 PM
Y - Finished in the upper half of its intra-day range after highlighted in yellow with pivot point cited based on its 12/03/18 high after a "double bottom" base. Rallied toward its prior high with today's 3rd consecutive volume-driven gain triggering a technical buy signal. Found support near its 200 DMA line during a choppy consolidation in recent months since dropped from the Featured Stocks list on 10/10/18. Fundamentals remained strong through the Dec '18 quarter. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gains Cleared Prior High After Double Bottom - 2/8/2019 |
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C
A
S
I |
LHCG
-
NASDAQ
L H C Group Inc
HEALTH SERVICES - Home Health Care
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$106.87
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-2.96
-2.70% |
$110.02
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237,762
87.74% of 50 DAV
50 DAV is 271,000
|
$112.22
-4.77%
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1/23/2019
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$107.29
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PP = $107.61
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MB = $112.99
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Most Recent Note - 2/8/2019 1:21:38 PM
Y - Pulling back today for a 3rd consecutive loss with near average volume. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a convincing technical buy signal.
>>> FEATURED STOCK ARTICLE : Healthcare Services Firm Reached a New High - 1/23/2019 |
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C
A
S
I |
ENSG
-
NASDAQ
Ensign Group Inc
HEALTH SERVICES - Long-Term Care Facilities
|
$46.98
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-2.00
-4.08% |
$48.70
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454,768
126.68% of 50 DAV
50 DAV is 359,000
|
$49.99
-6.02%
|
2/7/2019
|
$48.71
|
PP = $49.06
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|
MB = $51.51
|
Most Recent Note - 2/8/2019 1:20:26 PM
Y - Pulling back today. Closed in the middle of its intra-day range after a gap up for a new all-time high on the prior session. Color code was changed to yellow with pivot point cited based on its 12/12/18 high plus 10 cents. The 5 most recent quarters through Dec '18 showed earnings increases above the +25% minimum guideline (C criteria) while its sales revenues growth rate has been in the 9-11% range. Annual earnings (A criteria) history has improved steadily after downturn in FY '13 and '14. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Closed Near Pivot Point After Gap Up and Big Volume-Driven Gain - 2/7/2019 |
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C
A
S
I |
BSTC
-
NASDAQ
Biospecifics Technologie
Medical-Biomed/Biotech
|
$67.22
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-0.08
-0.12% |
$68.31
|
25,915
61.70% of 50 DAV
50 DAV is 42,000
|
$70.25
-4.31%
|
1/18/2019
|
$67.40
|
PP = $66.31
|
|
MB = $69.63
|
Most Recent Note - 2/6/2019 5:42:52 PM
Y - Perched near its 52-week high. The thinly traded Biomed/Biotech firm rose above its pivot point on 2/04/19 with a big gain backed by +148% above average volume, a reassuring sign of institutional accumulation clinching a technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Hitting a New High - 2/5/2019 |
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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 |
UBNT
-
NASDAQ
Ubiquiti Networks
TELECOMMUNICATIONS - Diversified Communication Serv
|
$124.53
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+17.25
16.08% |
$128.84
|
2,181,881
667.24% of 50 DAV
50 DAV is 327,000
|
$115.44
7.87%
|
2/8/2019
|
$121.97
|
PP = $115.54
|
|
MB = $121.32
|
Most Recent Note - 2/8/2019 1:12:18 PM
Y - Color code is changed to yellow with new pivot point cited based on its 12/12/18 high plus 10 cents. Gapped up today hitting a new all-time high. Bullish action came after it reported earnings +75% on +23% sales revenues for the Dec '18 quarter.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 1/31/2019 |
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C
A
S
I |
NOW
-
NYSE
Servicenow Inc
Computer Sftwr-Enterprse
|
$228.56
|
+1.60
0.70% |
$228.79
|
1,589,213
68.56% of 50 DAV
50 DAV is 2,318,000
|
$229.50
-0.41%
|
1/31/2019
|
$218.14
|
PP = $206.40
|
|
MB = $216.72
|
Most Recent Note - 2/7/2019 5:35:15 PM
G - Stubbornly holding its ground above its "max buy" level and near its all-time high with volume totals cooling. Prior high ($206) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Followed Strong Earnings Report - 2/1/2019 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$175.96
|
+7.79
4.63% |
$176.20
|
962,205
155.45% of 50 DAV
50 DAV is 619,000
|
$179.22
-1.82%
|
2/6/2019
|
$171.66
|
PP = $164.18
|
|
MB = $172.39
|
Most Recent Note - 2/8/2019 1:27:45 PM
G - Today's gain has it poised for a best ever close and its color code is changed to green after rising above its "max buy" level. Prior high ($164) defines initial support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed by Volume +388% Above Average - 2/6/2019 |
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C
A
S
I |
PYPL
-
NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr
|
$91.87
|
+1.02
1.12% |
$91.91
|
6,729,347
72.73% of 50 DAV
50 DAV is 9,253,000
|
$94.58
-2.87%
|
1/24/2019
|
$92.56
|
PP = $93.80
|
|
MB = $98.49
|
Most Recent Note - 2/5/2019 3:55:30 PM
Y - Rebounding after a gap down on 1/31/19 following earnings news. Reported +25% earnings on +13% sales revenues for the Dec '18 quarter. Disciplined investors note that the recent gains above the pivot point lacked the +40% above average volume needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of High Ahead of Earnings News - 1/24/2019 |
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C
A
S
I |
ALRM
-
NASDAQ
Alarm.com Holdings Inc
Security/Sfty
|
$64.83
|
+1.81
2.87% |
$65.28
|
473,102
90.46% of 50 DAV
50 DAV is 523,000
|
$65.45
-0.95%
|
1/22/2019
|
$60.52
|
PP = $60.30
|
|
MB = $63.32
|
Most Recent Note - 2/8/2019 1:24:44 PM
G - Perched near its all-time high, trading above its "max buy" level. Prior highs in the $60 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Broke Steak of Gains and Reversed From New High - 1/22/2019 |
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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 |
PLNT
-
NYSE
Planet Fitness Inc Cl A
Leisure-Services
|
$57.36
|
-0.14
-0.24% |
$57.50
|
720,321
56.14% of 50 DAV
50 DAV is 1,283,000
|
$59.91
-4.26%
|
11/7/2018
|
$57.10
|
PP = $55.45
|
|
MB = $58.22
|
Most Recent Note - 2/5/2019 12:30:22 PM
G - Color code is changed to green after rising above its "max buy" level with above average volume today, hitting a new all-time high. Its 50 DMA line ($55.53) defines important near-term support to watch above the recent low ($48).
>>> FEATURED STOCK ARTICLE : Hovering in a Tight Range Near All-Time High - 1/25/2019 |
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C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
|
$104.34
|
+1.99
1.94% |
$104.95
|
1,120,010
63.56% of 50 DAV
50 DAV is 1,762,000
|
$104.31
0.03%
|
1/7/2019
|
$94.68
|
PP = $98.31
|
|
MB = $103.23
|
Most Recent Note - 2/5/2019 3:58:03 PM
G - Color code is changed to green while posting a 5th consecutive gain today, rising above its "max buy" level and hitting new all-time highs, however gains have lacked great volume conviction. Gains and a strong close above the pivot point backed by at least +40% above average volume are needed to clinch a proper technical buy signal. Its 50 DMA line ($87.97) and prior low define near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume Light While Hovering Near High - 1/28/2019 |
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C
A
S
I |
TTD
-
NASDAQ
The Trade Desk Inc Cl A
Comml Svcs-Advertising
|
$146.18
|
+4.14
2.91% |
$146.91
|
847,196
75.85% of 50 DAV
50 DAV is 1,117,000
|
$161.50
-9.49%
|
2/6/2019
|
$148.65
|
PP = $149.00
|
|
MB = $156.45
|
Most Recent Note - 2/8/2019 4:37:54 PM
Y - Posted a small gain today with lighter volume after 2 losses with higher volume, action indicative of distributional pressure. Color code was changed to yellow with pivot point cited based on its 12/03/18 high. Faces resistance due to overhead supply up to the $161 level. Gain on 2/04/19 was backed by +48% above average volume while clearing a "double bottom" base. Reported earnings +86% on +50% sales revenues for the Sep '18 quarter. Three of the past 4 quarterly comparisons were well above the +25% minimum guideline (C criteria).
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 |
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A
S
I |
MEDP
-
NASDAQ
Medpace Holdings Inc
Medical-Research Eqp/Svc
|
$64.07
|
-0.62
-0.96% |
$64.29
|
844,449
110.82% of 50 DAV
50 DAV is 762,000
|
$69.71
-8.09%
|
1/30/2019
|
$64.10
|
PP = $65.19
|
|
MB = $68.45
|
Most Recent Note - 2/7/2019 5:29:35 PM
Y - Pulled back today for a 3rd consecutive loss. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. The 200 DMA line acted as support above the prior low and it has rebounded since dropped from the Featured Stocks list on 12/19/18.
>>> FEATURED STOCK ARTICLE : Rallied Near 52-Week High With a Volume-Driven Gain - 1/30/2019 |
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A
S
I |
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|
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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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