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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 27TH, 2015
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DOW |
-81.72 |
18,132.70 |
-0.45% |
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Volume |
847,566,950 |
+21% |
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Volume |
1,775,279,840 |
+0% |
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NASDAQ |
-24.36 |
4,963.53 |
-0.49% |
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Advancers |
1,576 |
50% |
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Advancers |
1,064 |
37% |
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S&P 500 |
-6.24 |
2,104.50 |
-0.30% |
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Decliners |
1,501 |
47% |
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Decliners |
1,742 |
60% |
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Russell 2000 |
-5.75 |
1,233.37 |
-0.46% |
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52 Wk Highs |
118 |
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52 Wk Highs |
105 |
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S&P 600 |
-2.86 |
709.98 |
-0.40% |
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52 Wk Lows |
26 |
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52 Wk Lows |
28 |
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Major Averages Ended Solidly Higher for February
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Despite Friday's pullback, the major averages finished firmly higher in February. For the month, the Dow rose +5.6%, the S&P 500 gained +5.5% and the NASDAQ Composite climbed +7.1%. Volume totals for the session were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers narrowly led decliners on the NYSE but decliners led advancers by a 7-5 margin on the Nasdaq exchange. There were 52 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 78 stocks. The total number of new 52-week highs contracted yet still easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for only 2 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, ongoing gains for the major averages have established a confirmed uptrend with a healthy crop of stocks hitting new highs. New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The Dow was down 82 points to 18132. The S&P 500 fell 6 points to 2104. The NASDAQ Composite retreated 24 points to 4963.
The major averages finished the final trading day of February in negative territory after a report showed U.S. growth slowed. Before the open, fourth-quarter GDP was revised down to 2.2% from a previously estimated 2.6% annualized rate. Additional releases revealed consumer sentiment fell from an 11-year high in February while pending home sales rose 1.7% in January.
On the earnings front, Gap (GPS +3.05%) and Ross Stores (ROST +6.82%) advanced as both posted results above expectations. J.C. Penney (JCP -6.8%) after lowering its guidance.
Eight of 10 sectors declined led by technology. Apple (AAPL -1.50%) and Facebook (FB -1.79%) contributed to the group's retreat. Consumer staples were the best performing in the session. Monster Beverage (MNST +13.13%) rose as earnings topped estimates and it announced an expanded distribution deal with Coca-Cola (KO +1.98%).
Treasuries rose with the 10-year advancing 10/32 to yield 1.99%. In commodities, WTI crude gained +2.1% to $49.18/barrel. COMEX gold futures were up +0.2% to $1,212.60/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Techs and Financials Pulled Back While Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Biotechnology Index ($BTK -0.80%) and the Semiconductor Index ($SOX -0.28%) lost ground while the Networking Index ($NWX +0.29%) eked out a small gain on Friday. Financials created a drag on the major averages as the Broker/Dealer Index ($XBD -0.77%) and the Bank Index ($BKX -0.47%) both lost ground while the Retail Index ($RLX -0.08%) finished flat. The Gold & Silver Index ($XAU +1.45%) and the Oil Services Index ($OSX +1.11%) posted solid gains but the Integrated Oil Index ($XOI -0.42%) ended modestly lower.
Charts courtesy www.stockcharts.com
PICTURED: The Bank Index ($BKX -0.47%) is consolidating above its 50-day and 200-day moving average (DMA) lines.
| Oil Services |
$OSX |
199.54 |
+2.20 |
+1.11% |
-5.37% |
| Integrated Oil |
$XOI |
1,376.31 |
-5.78 |
-0.42% |
+2.09% |
| Semiconductor |
$SOX |
714.65 |
-2.02 |
-0.28% |
+4.04% |
| Networking |
$NWX |
377.02 |
+1.09 |
+0.29% |
+5.33% |
| Broker/Dealer |
$XBD |
183.33 |
-1.42 |
-0.77% |
-0.71% |
| Retail |
$RLX |
1,120.60 |
-0.85 |
-0.08% |
+8.51% |
| Gold & Silver |
$XAU |
76.94 |
+1.10 |
+1.45% |
+11.86% |
| Bank |
$BKX |
72.29 |
-0.34 |
-0.47% |
-2.65% |
| Biotech |
$BTK |
3,882.85 |
-31.27 |
-0.80% |
+12.90% |
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Holding Ground Following Breakaway Gap
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Linkedin Corp (LNKD -$3.56 or -1.31% to $267.20) has been stubbornly holding its ground with volume totals generally cooling, yet it tallied one more gain with above average volume this week. It is extended from prior highs following the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). A "breakaway gap" has been noted as the one exception where investors may chase a stock more than +5% above prior highs, however risk increases that an ordinary pullback may trigger the strict sell rules requiring investors to always limit losses. Disciplined investors avoid chasing extended stocks and may watch for a new base or secondary buy point to possibly develop and be noted.
LNKD was last shown in this FSU section on 2/06/15 with annotated graphs under the headline, "Breakaway Gap Cleared All Resistance Due to Overhead Supply". It hit new 52-week and all-time highs (N criteria) clearing all resistance due to overhead supply, triggering a technical buy signal. It reported earnings +56% on +44% sales revenues for the Dec '14 quarter. That marked its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria), following sub par Dec '13 and Mar '14 earnings results. It has maintained a strong annual earnings (A criteria) history.
The high-ranked leader from the Internet - Content group's Return On Equity of 9% is still below the 17% guideline, which is a minor concern. Its Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. Ownership by top-rated funds has been on the rise from 907 in Jun '14 to 1,110 in Dec '14, an encouraging sign concerning the I criteria.
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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 |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$291.36
|
+1.58
0.55% |
$292.62
|
3,747,249
130.84% of 50 DAV
50 DAV is 2,864,000
|
$296.77
-1.82%
|
12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 2/25/2015 12:08:27 PM
G - Perched at its 52-week high it priced a new Public Offering. Reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the fact-based investment system. Recent low ($262.00 on 2/02/15) defines important near-term support below its 50 DMA line where violations would raise more serious concerns. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched At High it Proposed a New Public Offering - 2/24/2015
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C
A N
S L
I M
|
AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$53.90
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-0.81
-1.48% |
$54.87
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360,046
49.25% of 50 DAV
50 DAV is 731,000
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$59.31
-9.12%
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2/11/2015
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$56.02
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PP = $59.41
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MB = $62.38
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Most Recent Note - 2/23/2015 5:30:43 PM
G - Holding its ground with volume totals cooling after volume-driven gains above its 50 DMA line helped its technical stance and outlook improve. Fundamental concerns were raised by earnings for the Dec '14 quarter reported below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Financial Firms Dec '14 Earnings Raised Fundamental Concerns - 2/11/2015
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$69.51
|
-0.05
-0.06% |
$69.75
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1,434,958
88.96% of 50 DAV
50 DAV is 1,613,000
|
$71.83
-3.23%
|
2/13/2015
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$68.46
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PP = $65.49
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MB = $68.76
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Most Recent Note - 2/23/2015 5:31:49 PM
G - Pulled back today with near average volume after getting extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hitting New Highs With Four Consecutive Volume-Driven Gains - 2/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$57.39
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-0.62
-1.07% |
$59.91
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1,903,087
105.14% of 50 DAV
50 DAV is 1,810,000
|
$63.20
-9.19%
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1/7/2015
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$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 2/25/2015 5:37:28 PM
Y- Rebounded above its 50 DMA line with a volume-driven gain helping its outlook improve and its color code was changed to yellow. Faces resistance due to overhead supply up through the $63 level.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$61.68
|
+0.32
0.52% |
$63.50
|
645,446
180.80% of 50 DAV
50 DAV is 357,000
|
$62.69
-1.61%
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2/5/2015
|
$51.39
|
PP = $52.99
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MB = $55.64
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Most Recent Note - 2/27/2015 6:02:16 PM
G - Hit yet another new 52-week high with today's 4th consecutive gain on above average volume, getting more extended from the prior base. Prior highs in the $52 area define support to watch on pullbacks. See the latest FSU for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Volume Driven Gains - 2/26/2015
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C
A N
S L
I M
|
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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$78.97
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-1.44
-1.79% |
$81.23
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30,714,868
120.31% of 50 DAV
50 DAV is 25,529,400
|
$82.17
-3.89%
|
2/20/2015
|
$81.79
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PP = $78.47
|
|
MB = $82.39
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Most Recent Note - 2/27/2015 6:22:45 PM
G - Down today with above average volume, slumping toward the previously cited pivot point of a "double bottom" base. While consolidating near it 52 week high it has made limited progress, and its Relative Strength rating, at 76 now, is below the 80+ minimum guideline for new buy candidates.
>>> FEATURED STOCK ARTICLE : Bullish Action While Tech Leader is Perched Near All-Time High - 2/20/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$195.46
|
-3.00
-1.51% |
$199.40
|
537,909
43.27% of 50 DAV
50 DAV is 1,243,100
|
$213.33
-8.38%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
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MB = $205.80
|
Most Recent Note - 2/24/2015 1:06:16 PM
Y - Volume totals have been cooling however gains since its "negative reversal" on 1/28/15 have lacked great volume conviction. Its 50 DMA line defines important near-term support to watch where more damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Following "Negative Reversal Gains Have Lacked Volume - 2/10/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$161.25
|
-0.74
-0.46% |
$162.95
|
208,001
65.41% of 50 DAV
50 DAV is 318,000
|
$164.48
-1.96%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 2/25/2015 5:35:46 PM
G - Wedged higher with volume totals lacking great conviction and its color code was changed to green after rising above its "max buy" level. Prior highs in the $154 area and its 50 DMA line define support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Wedged Above Prior Highs Getting Extended - 2/25/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$267.20
|
-3.56
-1.31% |
$271.90
|
985,158
61.19% of 50 DAV
50 DAV is 1,610,000
|
$276.18
-3.25%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
|
MB = $255.52
|
Most Recent Note - 2/27/2015 6:00:32 PM
G - Holding its ground following the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Breakaway Gap - 2/27/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$84.90
|
-0.07
-0.08% |
$85.94
|
1,656,858
55.23% of 50 DAV
50 DAV is 3,000,000
|
$86.50
-1.86%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 2/23/2015 5:36:47 PM
G - Still stubbornly holding its ground near its all-time high (N criteria) with volume totals cooling after rallying above its "max buy" level. Its 50 DMA line defines support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior base - 2/17/2015
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C
A N
S L
I M
|
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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$142.22
|
-0.83
-0.58% |
$144.53
|
1,654,811
149.76% of 50 DAV
50 DAV is 1,105,000
|
$146.28
-2.78%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 2/25/2015 5:38:50 PM
G - Rallied for a best-ever close today, getting more extended from any sound base. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Touching a New High - 2/23/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$46.03
|
-1.27
-2.68% |
$47.56
|
357,631
111.07% of 50 DAV
50 DAV is 322,000
|
$49.42
-6.86%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 2/24/2015 5:48:28 PM
G - Posted a 4th consecutive gain today, getting more extended from the prior base. Prior highs in the $40-41 area and its 50 DMA line define the nearest chart support level.
>>> FEATURED STOCK ARTICLE : Strong Dec '14 Earnings Report While Perched Near All-Time High - 2/9/2015
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$24.41
|
-0.29
-1.17% |
$25.12
|
196,124
58.72% of 50 DAV
50 DAV is 334,000
|
$28.43
-14.14%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 2/23/2015 5:41:24 PM
G - Rebounded above its 50 DMA line with today's 2nd consecutive volume-driven gain. Fundamental concerns were raised as it recently reported earnings +22% on +20% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Abrupt Pullback as Fundamental Concerns Were Raised - 2/19/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$197.48
|
-3.77
-1.87% |
$201.95
|
6,588,151
240.79% of 50 DAV
50 DAV is 2,736,000
|
$204.66
-3.51%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 2/27/2015 1:09:34 PM
G - Holding its ground stubbornly since gapping up on 2/23/15 for a considerable volume-driven gain hitting new all-time highs on news it plans to acquire Salix Pharmaceuticals (SLXP). It is very extended from any sound base. Its 50 DMA line defines the closest support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 2/12/2015
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A N
S L
I M
|
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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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