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AFTER MARKET UPDATE - FRIDAY, MARCH 22ND, 2013
Previous After Market Report Next After Market Report >>>
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|
|
|
DOW |
+90.54 |
14,512.03 |
+0.63% |
|
Volume |
622,376,660 |
-5% |
|
Volume |
1,608,209,550 |
-1% |
|
NASDAQ |
+22.40 |
3,245.00 |
+0.70% |
|
Advancers |
1,877 |
60% |
|
Advancers |
1,447 |
57% |
|
S&P 500 |
+11.09 |
1,556.89 |
+0.72% |
|
Decliners |
1,083 |
35% |
|
Decliners |
955 |
38% |
|
Russell 2000 |
+2.35 |
946.27 |
+0.25% |
|
52 Wk Highs |
222 |
|
|
52 Wk Highs |
122 |
|
|
S&P 600 |
+1.41 |
528.62 |
+0.27% |
|
52 Wk Lows |
13 |
|
|
52 Wk Lows |
16 |
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|
 |
Indices Ended Higher With Lighter Volume Totals Behind Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Nasdaq Composite Index lost -0.1% and the S&P 500 Index fell -0.2% while the Dow Jones Industrial Average ended virtually flat. The major averages rose on Friday and the market's breadth was clearly positive as advancers led decliners by nearly a 3-2 margin on the NYSE and on the Nasdaq exchange. The volume totals were reported lighter than the prior session totals and below average on the NYSE and on the Nasdaq exchange, not showing any robust buying demand from the institutional crowd. The total number of stocks hitting new 52-week highs expanded and new highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were 57 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up considerably from the prior session total of 47 stocks. There were gains for 13 of the 18 high-ranked companies currently included on the Featured Stocks Page, a favorable balance considering the broader market's negative slant on the session.
The major averages ended the week on a positive note as investors showed optimism that Cyprus might solidify terms of a bailout before the weekend.
All 10 sectors on the S&P were higher, led by gains in consumer stocks. Shares of Nike Inc (NKE +11.06%) rose as the company posted quarterly earnings above analysts estimates and saw an improvement in gross margins. Also among earnings, Darden Restaurants Inc (DRI +1.35%) and Tiffany & Co (TIF +1.94%) rallied after both companies reported better-than-expected profit tallies. In other news, Monster Beverage Corp (MNST -3.67%) following an American Heart Association study that showed its energy drinks may disturb the heart's natural rhythm.
New buying efforts are justified under the fact-based system since a follow-through day on 3/05/13 shifted the market's (M criteria) direction to a confirmed rally again after a brief correction. Any sustainable rally requires a healthy crop of companies hitting new 52-week highs, so it is always essential to see meaningful leadership (stocks hitting new 52-week highs).
Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage.
PICTURED: The Nasdaq Composite Index is consolidating above prior highs and well above its 50-day moving average (DMA) line.
|
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, Energy, and Semiconductor Indexes Led Group Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.11%) posted a solid gain and was a positive influence on the major averages. The Bank Index ($BKX +0.27%) posted a small gain and the Broker/Dealer Index ($XBD +0.04%) finished flat. Energy-related shares rose and gave the Oil Services Index ($OSX +0.43%) and Integrated Oil Index ($XOI +0.85%) both a boost. The tech sector was mixed as the Semiconductor Index ($SOX +1.14%) and Biotechnology Index ($BTK +0.45%) posted modest gains while the Networking Index ($NWX -0.58%) and Internet Index ($IIX -0.21%) edged lower. Meanwhile, defensive groups were laggards as the Healthcare Index ($HMO -0.72%) and Gold & Silver Index ($XAU -0.54%) both ended modestly lower.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +1.11%) is consolidating near prior highs and well above its 50-day moving average (DMA) line which acted as support during its prior consolidation after a strong start to 2013.
| Oil Services |
$OSX |
239.58 |
+1.02 |
+0.43% |
+8.82% |
| Healthcare |
$HMO |
2,734.67 |
-19.78 |
-0.72% |
+8.77% |
| Integrated Oil |
$XOI |
1,357.57 |
+11.41 |
+0.85% |
+9.32% |
| Semiconductor |
$SOX |
430.08 |
+4.83 |
+1.14% |
+11.98% |
| Networking |
$NWX |
233.26 |
-1.36 |
-0.58% |
+2.96% |
| Internet |
$IIX |
361.52 |
-0.75 |
-0.21% |
+10.56% |
| Broker/Dealer |
$XBD |
109.04 |
+0.04 |
+0.04% |
+15.59% |
| Retail |
$RLX |
721.10 |
+7.92 |
+1.11% |
+10.42% |
| Gold & Silver |
$XAU |
136.96 |
-0.74 |
-0.54% |
-17.29% |
| Bank |
$BKX |
56.62 |
+0.15 |
+0.27% |
+10.41% |
| Biotech |
$BTK |
1,791.65 |
+7.99 |
+0.45% |
+15.81% |
|
|
|
 |
Rebounding From Support Following Secondary Offering
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
U S Silica Holdings Inc (SLCA -$0.14 or -0.59% to $23.76) tallied considerable volume-driven gains this week while rebounding from losses since completing a Secondary Offering on 3/14/13. It found support above prior highs and above its 50-day moving average (DMA) line, whereas a violation of those levels would have completely negated the stock's prior breakout and raised serious concerns.
The high-ranked leader from the Chemicals - Specialty industry group was last shown in this FSU section on 2/26/13 with an annotated weekly graph under the headline, "Broader Market May Hurt Outlier's Chances After Breakout". A weekly graph illustrated how, technically, its big gain cleared the right side of the previously noted very deep 11-month cup shaped base. The broader market soon resumed its rally with a follow-through day noted in the 3/05/13 market commentary. By that time, however, SLCA had already followed up its breakout with a streak of volume-driven gains. By quickly ratcheting more than +20% above its pivot point in the first 2-3 weeks, it had the look of some of the market's historic great winners. Regular readers saw it repeatedly noted - "Having rallied more than +20% in the first 2-3 weeks after its breakout, the investment system rules suggest holding such winners for a minimum of 8 weeks." Then, a Secondary Offering it proposed after the close on 3/11/13 led to an abrupt pullback. Yet, as we have observed upon Secondary Offerings by other high-ranked leaders - "Such offerings often are a short-term hindrance to upward price progress yet typically result in broader institutional ownership interest."
SLCA reported strong sales revenues and earnings growth in the most current quarterly (C criteria) comparisons through Dec '12. The small supply (S criteria) of only 13.2 million shares in the public float may contribute to greater volatility in the event of institutional positioning. The number of top-rated funds owning its shares rose from 89 in Mar '12 to 146 in Dec '12 which is reassuring 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 |
CELG
-
NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major
|
$113.13
|
+1.10
0.98% |
$113.17
|
1,654,637
42.68% of 50 DAV
50 DAV is 3,876,800
|
$115.44
-2.00%
|
12/11/2012
|
$82.24
|
PP = $81.34
|
|
MB = $85.41
|
Most Recent Note - 3/19/2013 5:34:37 PM
G - Hovering near its all-time high after 3 consecutive small losses. Very extended from any sound base. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2013. Click here.
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C
A N
S L
I M
|
CFNL
-
NASDAQ
Cardinal Financial Corp
BANKING - Regional - Southeast Banks
|
$17.99
|
+0.17
0.95% |
$18.17
|
187,531
85.05% of 50 DAV
50 DAV is 220,500
|
$18.19
-1.10%
|
3/22/2013
|
$17.99
|
PP = $18.29
|
|
MB = $19.20
|
Most Recent Note - 3/22/2013 8:19:04 PM
Y - Closed 3 weeks in a row in a very tight range forming an advanced "3-weeks tight" base. Color code is changed to yellow with new pivot point cited based on its 3/08/13 high plus 10 cents. Subsequent volume-driven gains into new high territory may trigger a new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/18/2013. Click here.
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C
A N
S L
I M
|
CMCSA
-
NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems
|
$41.22
|
+0.82
2.03% |
$41.23
|
9,594,837
68.81% of 50 DAV
50 DAV is 13,943,900
|
$42.00
-1.86%
|
12/3/2012
|
$37.08
|
PP = $38.06
|
|
MB = $39.96
|
Most Recent Note - 3/19/2013 5:32:52 PM
G - Testing support at its 50 DMA line while enduring mild distributional pressure. Relative Strength Rating has slumped to 75, below the 80+ guideline. Fundamental concerns remain since it reported earnings +11% on +6% sales revenues for the Dec '12 quarter. See latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/19/2013. Click here.
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C
A N
S L
I M
|
CVLT
-
NASDAQ
Commvault Systems Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services
|
$81.92
|
+0.01
0.01% |
$82.62
|
295,394
38.68% of 50 DAV
50 DAV is 763,600
|
$86.89
-5.72%
|
3/14/2013
|
$84.71
|
PP = $79.63
|
|
MB = $83.61
|
Most Recent Note - 3/21/2013 7:10:56 PM
Y - Volume totals have been cooling while consolidating following its technical breakout on 3/14/13 with a solid gain backed by 4.5 times average volume. Prior highs define initial support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/14/2013. Click here.
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C
A N
S L
I M
|
EVER
-
NYSE
Everbank Financial Corp
BANKING
|
$15.23
|
-0.32
-2.06% |
$15.69
|
508,954
57.99% of 50 DAV
50 DAV is 877,600
|
$17.29
-11.91%
|
3/4/2013
|
$15.38
|
PP = $15.83
|
|
MB = $16.62
|
Most Recent Note - 3/22/2013 8:14:53 PM
G - Quietly consolidating near its 50 DMA line. That important short-term average has acted as support since damaging losses violated prior highs in the $16 area raising concerns while completely negating its prior technical breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/4/2013. Click here.
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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 |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$75.82
|
+3.44
4.75% |
$76.00
|
2,079,569
311.92% of 50 DAV
50 DAV is 666,700
|
$72.90
4.01%
|
3/21/2013
|
$71.14
|
PP = $73.00
|
|
MB = $76.65
|
Most Recent Note - 3/22/2013 3:22:41 PM
Y - Hitting new highs and rallying above its pivot point with a 2nd consecutive volume-driven gain triggering a technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/21/2013. Click here.
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C
A N
S L
I M
|
JAZZ
-
NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology
|
$56.98
|
+0.18
0.32% |
$57.47
|
472,605
86.61% of 50 DAV
50 DAV is 545,700
|
$60.79
-6.27%
|
3/5/2013
|
$59.10
|
PP = $60.10
|
|
MB = $63.11
|
Most Recent Note - 3/22/2013 8:30:25 PM
G - Color code is changed to green after quietly slumping below its 50 DMA line this week raising concerns. Its Relative Strength rating has also slumped to 58, well below the 80+ minimum guideline for buy candidates. Completed a Secondary Offering on 3/05/13. It did not trigger a technical buy signal after its latest base.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/7/2013. Click here.
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C
A N
S L
I M
|
KORS
-
NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores
|
$55.61
|
+0.56
1.02% |
$56.10
|
4,002,685
66.15% of 50 DAV
50 DAV is 6,050,700
|
$65.10
-14.58%
|
1/23/2013
|
$54.98
|
PP = $58.72
|
|
MB = $61.66
|
Most Recent Note - 3/19/2013 5:35:59 PM
G - Color code is changed to green after slumping back below its 50 DMA line raising concerns. Completed another Secondary Offering 2/20/13 while perched near its all-time high.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2013. Click here.
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$181.48
|
+6.44
3.68% |
$182.93
|
2,697,103
109.69% of 50 DAV
50 DAV is 2,458,800
|
$184.15
-1.45%
|
2/8/2013
|
$147.04
|
PP = $127.55
|
|
MB = $133.93
|
Most Recent Note - 3/21/2013 7:14:19 PM
G - Volume totals have been cooling while consolidating. Very extended from its prior base, meanwhile its 50 DMA line defines important near term support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/11/2013. Click here.
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C
A N
S L
I M
|
LOPE
-
NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services
|
$24.97
|
+0.21
0.85% |
$25.20
|
350,942
75.73% of 50 DAV
50 DAV is 463,400
|
$27.18
-8.13%
|
2/20/2013
|
$26.44
|
PP = $25.10
|
|
MB = $26.36
|
Most Recent Note - 3/20/2013 5:20:00 PM
G - Rising from its 50 DMA line with light volume behind its recent gains. Volume totals have cooled in recent weeks after it quickly negated the prior technical breakout. It has not formed a sound new base.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/13/2013. Click here.
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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 |
MIDD
-
NASDAQ
Middleby Corp
MANUFACTURING - Diversified Machinery
|
$152.59
|
+0.67
0.44% |
$153.34
|
47,930
51.21% of 50 DAV
50 DAV is 93,600
|
$154.74
-1.39%
|
10/8/2012
|
$118.46
|
PP = $122.67
|
|
MB = $128.80
|
Most Recent Note - 3/20/2013 5:21:19 PM
G - Tallied a gain today with above average volume for a best-ever close. Recently staying in tight trading range near all-time highs, stubbornly holding its ground. Fundamental concerns were recently noted. Its 50 DMA line defines important near-term chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2013. Click here.
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C
A N
S L
I M
|
MNTX
-
NASDAQ
Manitex International
MANUFACTURING - Diversified Machinery
|
$11.77
|
+0.66
5.94% |
$11.84
|
215,927
134.79% of 50 DAV
50 DAV is 160,200
|
$11.95
-1.51%
|
3/20/2013
|
$11.29
|
PP = $12.05
|
|
MB = $12.65
|
Most Recent Note - 3/22/2013 8:03:51 PM
Y - Rallied with above average volume for a new high close and finished near the session high today. however, it still is trading below the pivot point cited based on its 2/06/13 high plus 10 cents. Previously noted - "Subsequent volume-driven gains above the pivot point cited are needed to trigger a technical buy signal before action may be justified under the fact-based system. See the latest FSU analysis for more details and a new annotated graph."
>>> The latest Featured Stock Update with an annotated graph appeared on 3/20/2013. Click here.
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C
A N
S L
I M
|
MRLN
-
NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services
|
$22.33
|
+0.71
3.28% |
$22.65
|
32,619
144.33% of 50 DAV
50 DAV is 22,600
|
$23.08
-3.25%
|
3/15/2013
|
$22.29
|
PP = $23.18
|
|
MB = $24.34
|
Most Recent Note - 3/22/2013 8:07:56 PM
Y - Above average volume was behind today's 5th consecutive gain. Finished perched within close striking distance of its 52-week high and pivot point, but a volume-driven gain above the pivot point is still needed to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2013. Click here.
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C
A N
S L
I M
|
MWIV
-
NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies
|
$130.70
|
-0.52
-0.40% |
$132.44
|
77,152
135.59% of 50 DAV
50 DAV is 56,900
|
$137.18
-4.72%
|
3/4/2013
|
$130.90
|
PP = $129.45
|
|
MB = $135.92
|
Most Recent Note - 3/22/2013 8:09:58 PM
Y - Pulled back today with above average volume, consolidating above its pivot point. Disciplined investors limit loses by selling if ever any stock fall more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/6/2013. Click here.
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C
A N
S L
I M
|
N
-
NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services
|
$77.99
|
-0.08
-0.10% |
$78.46
|
258,039
72.10% of 50 DAV
50 DAV is 357,900
|
$78.55
-0.71%
|
12/12/2012
|
$64.75
|
PP = $67.12
|
|
MB = $70.48
|
Most Recent Note - 3/22/2013 8:22:33 PM
G - Perched at its 52-week and all-time high, holding its ground after another gain backed by above average volume on the prior session. Its 50 DMA line acted as support during the recent consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/1/2013. Click here.
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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 |
NSR
-
NYSE
Neustar Inc
TELECOMMUNICATIONS - Diversified Communication Serv
|
$44.95
|
-0.13
-0.29% |
$45.28
|
162,250
36.74% of 50 DAV
50 DAV is 441,600
|
$47.24
-4.85%
|
3/8/2013
|
$44.99
|
PP = $47.34
|
|
MB = $49.71
|
Most Recent Note - 3/22/2013 8:26:36 PM
Y - Its Relative Strength rating has slumped to 75, below the 80+ minimum guideline for buy candidates, while quietly consolidating this week near its 50 DMA line which has acted as support. Volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. The 2/21/13 low ($42.40) defines important near-term support where any subsequent deterioration would raise greater concerns and trigger a worrisome technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/27/2013. Click here.
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C
A N
S L
I M
|
SLCA
-
NYSE
U S Silica Holdings Inc
CHEMICALS - Specialty Chemicals
|
$23.76
|
-0.14
-0.59% |
$23.96
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939,650
97.46% of 50 DAV
50 DAV is 964,100
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$28.50
-16.63%
|
2/26/2013
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$22.23
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PP = $21.50
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MB = $22.58
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Most Recent Note - 3/20/2013 5:18:07 PM
G - Tallied another considerable volume-driven gain today, rebounding from damaging losses since completing a Secondary Offering on 3/14/13. Previously noted - "Very extended from its prior base, but having rallied more than +20% in the first 2-3 weeks after its breakout, the investment system rules suggest holding such winners for a minimum of 8 weeks."
>>> The latest Featured Stock Update with an annotated graph appeared on 3/22/2013. Click here.
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VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$73.97
|
+1.11
1.52% |
$74.21
|
1,376,702
109.63% of 50 DAV
50 DAV is 1,255,800
|
$74.67
-0.94%
|
12/20/2012
|
$60.24
|
PP = $61.21
|
|
MB = $64.27
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Most Recent Note - 3/20/2013 12:52:11 PM
G - Hitting yet another new high with today's 3rd consecutive gain, getting very extended from the secondary buy point noted earlier. The 50 DMA line and recent low ($64.05 on 2/21/13) define important support areas to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2013. Click here.
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