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AFTER MARKET UPDATE - TUESDAY, APRIL 20TH, 2010
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +25.01 11,117.06 +0.23% Volume 1,131,436,350 -11% Volume 2,017,358,930 -4%
NASDAQ +20.20 2,500.31 +0.81% Advancers 2,505 79% Advancers 2,062 73%
S&P 500 +9.65 1,207.17 +0.81% Decliners 575 18% Decliners 655 23%
Russell 2000 +10.15 721.55 +1.43% 52 Wk Highs 296   52 Wk Highs 195  
S&P 600 +4.75 383.02 +1.26% 52 Wk Lows 4   52 Wk Lows 9  

Major Averages Rise With Quieter Volume

The major averages ended higher on Tuesday after Goldman Sachs (GS -2.05%) said Q1 earnings almost doubled and reaffirmed that it did not mislead investors. Volume, an important indicator of institutional sponsorship, slid compared to Monday's totals, revealing a lack of serious buying conviction from the institutional crowd. Advancers led decliners by over a 4-to-1 ratio on the Nasdaq exchange and by a 3-to-1 ratio on the NYSE. New 52-week highs still easily trumped new lows on both exchanges. There were 37 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, higher than the 16 issues that appeared on the prior session. A healthy crop of new leaders making new highs bodes well for any market rally, but that number abruptly contracted amid the latest bout of distribution.

Before Tuesday's opening bell, investment giant, Goldman Sachs said Q1 earnings rose +61% compared to the first quarter in 2009 as sales surged +21%. Net income, which excludes all misc expenses almost doubled in the first quarter which bodes well for the financial industry. However, the stock encountered resistance near its 50-day moving average (DMA) line and 200 DMA line and closed lower as investors are still concerned about the ongoing SEC investigation. After Tuesday's close, three prominent tech stocks released their latest quarterly results: Apple Inc. (AAPL -1.00%), Yahoo! Inc. (YHOO -0.05%), and Cree Inc. (CREE +2.62%) all reported solid quarterly results. All three stocks reported very strong results and topped analysts estimates, so it will be interesting to see how they close tomorrow. 

Remember, it is important to note that the major averages have been steadily rallying since early February and a pullback of some sort should be expected. The prior commentary's observation, "Since the March 1, 2010 follow-though-day (FTD) a handful of distribution days has not been the least bit damaging to the market's confirmed rally" - was immediately followed with the 6th distribution day for the S&P 500 Index, a sign of mounting pressure on this 8-week rally. Trade accordingly. 

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Oil Services Index Surges To New Recovery High

The Bank Index ($BKX +2.68%) posted a solid gain while the Broker/Dealer Index ($XBD -0.49%) edged lower.  The tech sector had a positive bias as the Internet Index ($IIX +1.32%), Semiconductor Index ($SOX +1.55%), and Networking Index ($NWX +1.79%) each posted better than +1% gains. Modest gains from the Retail Index ($RLX +0.52%) and Healthcare Index ($HMO +0.98%) helped underpin the major averages' gains, and strength in energy shares lifted the Integrated Oil Index ($XOI +1.60%).  Meanwhile the The Gold & Silver Index ($XAU -0.27%) edged lower and Biotechnology Index ($BTK +0.12%) edged higher.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +4.01%) was a standout gainer on Tuesday. Its considerable gain helped it blast to a new recovery high, which may bode well for certain stocks in the energy group going forward.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  219.89 +8.47 +4.01% +12.81%
Healthcare $HMO  1,570.02 +15.18 +0.98% +6.59%
Integrated Oil $XOI  1,130.14 +17.84 +1.60% +5.80%
Semiconductor $SOX  395.71 +6.05 +1.55% +9.95%
Networking $NWX  273.91 +4.81 +1.79% +18.55%
Internet $IIX  258.00 +3.35 +1.32% +10.32%
Broker/Dealer $XBD  120.24 -0.59 -0.49% +4.51%
Retail $RLX  477.42 +2.48 +0.52% +16.13%
Gold & Silver $XAU  168.01 -0.46 -0.27% -0.14%
Bank $BKX  56.77 +1.48 +2.68% +32.92%
Biotech $BTK  1,225.75 +1.46 +0.12% +30.10%


Higher Volume Totals Would Be More Telling For Extended Leader

Baidu.com, Inc. (BIDU +$22.34 or +3.64% to $635.84) posted a gain today, fully repairing the prior session's considerable loss. It has been repeatedly noted as extended from any sound base after 10 consecutive weekly gains, however it could produce more climactic gains, especially due to the small supply (S criteria) of shares outstanding. No overhead supply exists to hinder its progress, but it is too extended from any sound base to be bought within the guidelines now. It has risen remarkably from $357 when appearing in this FSU section on 9/08/09 under the headline Baidu Near Multi-Year Highs, But Decelerating Growth Is A Concern.

The high-ranked Internet- Content firm saw a slight decline in the number of top-rated funds owning shares from 204 in Dec '09 to 196 in Mar '10.  It still has a stellar sales and earnings history that satisfies the C & A criteria. However it has not formed any recent sound base and is extended from an earlier "double bottom" base pattern that was identified based upon its December low and January's lower low. Technically it triggered a technical buy signal and was featured in yellow on 1/13/10 as it cleared the 12/29/09 high mentioned in the 1/12/10 note. (See the "view all notes" links to review prior analysis on any stock.)


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 quote data in this table corresponds with the timestamp on the note***
 
Symbol/Exchange
Company Name
Industry Group
Last Chg. Vol
% DAV
Date  Featured Price Featured Latest Pivot Point
Featured
Status
Latest Max Buy Price
ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking & Communication Dev
$13.36 +0.30 988,140
61% DAV
1,627,000
2/19/2010
(Date Featured)
$12.71
(Price Featured)
PP = $11.94 G
MB = $12.54
Most Recent Note - 4/20/2010 5:42:46 PM
G - Posted a gain on light volume today. On the prior session it finished in the upper third of its intra-day range, a sign of prompt support after early lows near previously noted support levels to watch - its 50 DMA line and recent chart low $12.21 on 3/19/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/31/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
$635.84 +22.34 1,451,365
89% DAV
1,621,700
1/13/2010
(Date Featured)
$431.25
(Price Featured)
PP = $426.75 G
MB = $448.09
Most Recent Note - 4/20/2010 5:53:36 PM
G - Posted a gain, fully repairing the prior session's considerable loss. It has been repeatedly noted as extended from any sound base after 10 consecutive weekly gains, however it could produce more climactic gains, especially due to the small supply (S criteria) of shares outstanding.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/20/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
BPI - NYSE
Bridgepoint Education
DIVERSIFIED SERVICES - Education &; Training Services
$27.22 +0.91 452,766
107% DAV
422,300
4/13/2010
(Date Featured)
$25.59
(Price Featured)
PP = $25.76 G
MB = $27.05
Most Recent Note - 4/20/2010 6:02:56 PM
G- Closed at its sesssion high with a gain today on average volume for a new all-time high. Color code is changed to green after closing above its "max buy" level. Featured in yellow in the 4/13/10 mid-day report (read here), when it triggered a new technical buy signal as it rose from a cup-with-high-handle
>>> The latest Featured Stock Update with an annotated graph appeared on 4/13/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
BRLI - NASDAQ
Bio Reference Labs Inc
HEALTH SERVICES - Medical Laboratories & Researc
$47.78 +0.50 59,933
60% DAV
99,600
2/12/2010
(Date Featured)
$39.02
(Price Featured)
PP = $40.97 G
MB = $43.02
Most Recent Note - 4/20/2010 6:08:49 PM
G - Hit a new all-time high today with its 10th consecutive gain, rising from a brief consolidation above its 50 DMA line. Prior chart highs in the $45 area may be an initial support level to watch above its short-term average.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
CISG - NASDAQ
Cninsure Inc Ads
INSURANCE - Insurance Brokers
$27.39 +1.92 256,988
102% DAV
252,800
3/3/2010
(Date Featured)
$24.38
(Price Featured)
PP = $23.10 G
MB = $24.26
Most Recent Note - 4/20/2010 6:11:05 PM
G - Rallied back today, a sign of prompt support. Loss on 4/16/10 with 3 times average volume was indicative of heavy distributional pressure while it pulled back near prior chart highs and its 50 DMA line in the $24 area which define an important support level. It traded up as much as +17.4% since featured in yellow in the 3/03/10 mid-day report (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
CRM - NYSE
Salesforce.com Inc
INTERNET - Internet Software & Services
$84.48 +1.83 1,073,770
60% DAV
1,783,300
3/5/2010
(Date Featured)
$72.28
(Price Featured)
PP = $75.53 G
MB = $79.31
Most Recent Note - 4/20/2010 6:14:05 PM
G - Gain on light volume today for a new high close. Now extended from prior chart highs and well above its "max buy" level. Volume totals were below the investment system guidelines as it rallied above its latest pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/25/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
CTRP - NASDAQ
Ctrip.com Intl Ltd Adr
LEISURE - Resorts & Casinos
$37.12 +0.00 2,104,133
107% DAV
1,975,300
3/25/2010
(Date Featured)
$40.74
(Price Featured)
PP = $39.40 G
MB = $41.37
Most Recent Note - 4/20/2010 6:25:11 PM
G - Gapped up today then reversed into the red and closed unchanged and under its 50 DMA line again. Its color code was changed to green based on weakness under its pivot point. Encountered distributional pressure since 3/25/10 when a detailed Stock Bulletin with annotated graph and expert analysis was published (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other
$22.70 +0.75 854,705
168% DAV
509,900
4/14/2010
(Date Featured)
$21.80
(Price Featured)
PP = $22.29 Y
MB = $23.40
Most Recent Note - 4/20/2010 6:27:24 PM
Y - Today's considerable gain with +67% above average volume as it rallied above the pivot point triggered a technical buy signal. Rose from a 5-week flat base with no overhead supply to act as resistance. Earnings news is due after the close on Thursday 4/22/10 from this high-ranked Finance - Consumer/Commercial Loans firm.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/29/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
GMCR - NASDAQ
Green Mtn Coffee Roastrs
FOOD & BEVERAGE - Processed & Packaged Goods
$84.10 -6.59 5,527,387
531% DAV
1,040,700
2/26/2010
(Date Featured)
$84.39
(Price Featured)
PP = $88.75 G
MB = $93.19
Most Recent Note - 4/20/2010 6:30:09 PM
G - Suffered a considerable loss today with heavier volume behind its 7th consecutive loss, violating its 50-day moving average (DMA) line and its January highs in the $88 area, triggering technical sell signals. It had rallied more than 6-fold from its November '08 low.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/5/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
ISRG - NASDAQ
Intuitive Surgical Inc
HEALTH SERVICES - Medical Appliances & Equipment
$366.68 +4.70 597,179
106% DAV
563,400
4/13/2010
(Date Featured)
$363.46
(Price Featured)
PP = $367.10 G
MB = $385.46
Most Recent Note - 4/20/2010 6:34:54 PM
G - Holding its ground and it rebounded back above its prior high closes. A considerable loss with 4 times average volume on 4/16/10 after reporting earnings negated its latest breakout with a close below its old high close. Color code was changed to green. ISRG was featured again in the 4/13/10 mid-day report (read here) with new pivot point cited based on its 3/03/10 high.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/7/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education &; Training Services
$27.01 +0.02 229,473
68% DAV
336,900
4/13/2010
(Date Featured)
$27.71
(Price Featured)
PP = $27.33 Y
MB = $28.70
Most Recent Note - 4/20/2010 6:42:44 PM
Y - Holding its ground this week, and recently consolidating below its pivot point. Subsequent weakness leading to a close below its old high close ($26.64 on 3/25/10) would raise concerns. Featured in the 4/13/10 mid-day report (read here), its gain triggered a technical buy after an advanced "3-weeks tight" type pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/14/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
PCLN - NASDAQ
Priceline.com Inc
INTERNET - Internet Software & Services
$399.55 -4.72 584,812
N/A
11/1/2002
(Date Featured)
$399.55
(Price Featured)
PP = $428.20 Y
MB = $449.61
Most Recent Note - 1/2/2011
Y - Returns to Featured Stocks list with its appearance in the January 2011 CANSLIM.net News including detailed analysis and annotated daily and weekly graphs.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/30/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
PEGA - NASDAQ
Pegasystems Inc
COMPUTER SOFTWARE & SERVICES - Business Software & Services
$39.13 +1.31 114,444
65% DAV
176,200
2/26/2010
(Date Featured)
$36.00
(Price Featured)
PP = $38.55 Y
MB = $40.48
Most Recent Note - 4/20/2010 6:47:56 PM
Y - Gain today, finishing only 17 cents below a best ever close. A violation of its 50 DMA line or its recent low ($36.42 on 4/12/10) would raise concerns and trigger technical sell signals. Volume totals have been quiet while consolidating since 3/15/10, staying in a tight trading range near support.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/6/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE & SERVICES - Security Software & Services
$37.62 +0.75 477,384
36% DAV
1,337,100
4/20/2010
(Date Featured)
$37.62
(Price Featured)
PP = $38.60 Y
MB = $40.53
Most Recent Note - 4/20/2010 6:50:19 PM
Y - Quietly consolidating today only -2.3% off its 52-week high, perched above prior chart highs and its 50 DMA line coinciding in the $34 area which define an important support level to watch. Color code is changed to yellow with new pivot point and "max buy" levels cited after forming a new flat base.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/8/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
SIRO - NASDAQ
Sirona Dental Systems
HEALTH SERVICES - Medical Instruments & Supplies
$40.18 +1.24 524,599
89% DAV
592,400
2/16/2010
(Date Featured)
$36.43
(Price Featured)
PP = $36.15 G
MB = $37.96
Most Recent Note - 4/20/2010 6:52:08 PM
G - Wedging continually higher in recent weeks, today reaching a new 52-week high. Prior chart highs and its 50 DMA line in the $36 area define an initial support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/26/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other
$22.82 +0.65 196,752
50% DAV
393,900
3/12/2010
(Date Featured)
$22.81
(Price Featured)
PP = $21.72 G
MB = $22.81
Most Recent Note - 4/20/2010 6:53:31 PM
G - Posted a gain today on lighter volume after a considerable loss pressured it toward prior chart highs and its 50 DMA line which define support to watch in the $21 area. It made very little progress since the detailed Stock Bulletin and 3/12/10 mid-day report appearance.
>>> The latest Featured Stock Update with an annotated graph appeared on 4/1/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
VIT -

$24.95 +0.80 312,614
48% DAV
653,700
4/9/2010
(Date Featured)
$23.79
(Price Featured)
PP = $23.95 Y
MB = $25.15
Most Recent Note - 4/20/2010 6:54:58 PM
Y - Posted a small gap up gain today, finishing just 25 cents below its best ever close. Perched near its 52-week high, it has faced some distributional pressure. On 4/09/10 it triggered a technical buy signal as a solid gain with heavy volume more than 4 times average helped it trade above its pivot point after a 5-week consolidation. Color code was yellow with new pivot point noted in the 4/09/10 mid-day report (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/9/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile
VPRT - NASDAQ
Vistaprint Nv
DIVERSIFIED SERVICES - Business/Management Services
$59.87 +0.43 205,056
55% DAV
369,600
3/1/2010
(Date Featured)
$57.72
(Price Featured)
PP = $59.70 G
MB = $62.69
Most Recent Note - 4/20/2010 6:56:21 PM
G - Posted a 5th consecutive small gain today on light or near average volume. It has recently found impressive support near its 50 DMA line. A subsequent violation of the short-term average or recent chart low ($55.45) would raise concerns and trigger technical sell signals. It did not trigger a new technical buy signal since it was featured in the March 2010 CANSLIM.net News monthly newsletter (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 4/15/2010. click here.
C A  S  I  |  News | Chart | SEC View all notes Alert me of new notes Company Profile

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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