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AFTER MARKET UPDATE - WEDNESDAY, APRIL 22ND, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+88.68 |
18,038.27 |
+0.49% |
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Volume |
737,925,960 |
+9% |
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Volume |
1,561,295,570 |
-2% |
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NASDAQ |
+21.07 |
5,035.17 |
+0.42% |
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Advancers |
1,750 |
55% |
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Advancers |
1,547 |
52% |
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S&P 500 |
+10.67 |
2,107.96 |
+0.51% |
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Decliners |
1,238 |
39% |
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Decliners |
1,306 |
44% |
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Russell 2000 |
+1.33 |
1,265.48 |
+0.11% |
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52 Wk Highs |
97 |
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52 Wk Highs |
114 |
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S&P 600 |
+1.33 |
722.19 |
+0.18% |
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52 Wk Lows |
25 |
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52 Wk Lows |
41 |
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Major Averages Continue Rally With Healthy Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished higher on Wednesday. The Dow gained 89 points to 18,038. The S&P 500 rose 11 points to 2,107. The NASDAQ Composite advanced 21 points to 5,035. The volume totals were reported mixed, higher than the prior session on the NYSE and lower on the Nasdaq exchange versus the prior session totals. Advancers led decliners by a 3-2 margin on the NYSE and 7-6 on the Nasdaq exchange. There were 42 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 47 stocks. New 52-week highs expanded and easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 8 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages have recently encountered distributional pressure and leadership (stocks hitting new 52-week highs) has waned, putting the rally under pressure. New buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.
PICTURED: The S&P 500 Index has been finding support near its 50-day moving average (DMA) line and it remains perched within close striking distance of all-time highs.
The major averages closed firmly in positive territory as investors digested a busy day of corporate earnings releases. Coca-Cola rose 1.3% to $41.31 as profits topped estimates. McDonald's (MCD +3.13%) after saying it will unveil its turnaround plan next month. Boeing fell 1.4% to $151.19 as revenues came in slightly below projections. Chipotle (CMG -7.41%) after sales missed forecasts.
On the economic front, existing home sales rose +6.1% in March, above consensus expectations for a +3.1% increase.
All 10 sectors in the S&P 500 were up on the session. Tech was the best performing group. Chipmaker Broadcom (BRCM +5%) as earnings exceeded analyst expectations. Visa (V +4.07%) and MasterCard (MA +3.91%) after the Chinese government said it will end its monopoly on clearing bank card transactions. Newmont Mining (NEM -3.15%) was a notable decliner, as gold retreated.
Treasuries fell for a third-straight day. The 10-year lost 21/32 to yield 1.98% attributed to the encouraging housing data prompting speculation of Fed tightening.
In commodities, NYMEX WTI crude slipped 0.6% to $56.29/barrel after weekly U.S. inventories rose more than expected. COMEX gold declined 1.4% to $1185.60/ounce amid a stronger dollar.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financials, Semiconductors, and Energy-Related Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were a positive influence on the major averages as the Bank Index ($BKX +1.00%) and Broker/Dealer Index ($XBD +1.42%) both posted solid gains. The Semiconductor Index ($SOX +1.37%) led the tech sector higher while the Biotechnology Index ($BTK -0.26%) and the Networking Index ($NWX -0.07%) both ended the session slightly lower. The Retail Index ($RLX +0.04%) finished flat. Gains in energy-related shares boosted the Integrated Oil Index ($XOI +0.65%) and the Oil Services Index ($OSX +0.92%), meanwhile, the Gold & Silver Index ($XAU -2.58%) was a laggard as it sank for a big loss.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.26%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
207.76 |
+1.89 |
+0.92% |
-1.47% |
| Integrated Oil |
$XOI |
1,424.41 |
+9.15 |
+0.65% |
+5.66% |
| Semiconductor |
$SOX |
716.82 |
+9.70 |
+1.37% |
+4.36% |
| Networking |
$NWX |
382.36 |
-0.27 |
-0.07% |
+6.82% |
| Broker/Dealer |
$XBD |
193.30 |
+2.71 |
+1.42% |
+4.69% |
| Retail |
$RLX |
1,132.72 |
+4.32 |
+0.38% |
+9.68% |
| Gold & Silver |
$XAU |
69.38 |
-1.84 |
-2.58% |
+0.87% |
| Bank |
$BKX |
72.75 |
-0.22 |
-0.30% |
-2.03% |
| Biotech |
$BTK |
4,083.47 |
-10.57 |
-0.26% |
+18.74% |
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Still at 50-Day Moving Average Line But Fundamental Concerns Remain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Actavis plc (ACT +$0.69 or +0.40% to $295.22) has been finding support at its 50-day moving average (DMA) line. Subsequent losses leading to a damaging violation of the 50 DMA line and recent lows would raise more serious concerns and trigger technical sell signals.
It completed a new Public Offering on 2/25/15. Concerns were raised after it reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the fact-based investment system. ACT was last shown in this FSU section on 4/01/15 with annotated graphs under the headline, "Pullback With Higher Volume Toward 50-Day Moving Average". The Medical - Generic Drugs industry group currently has a 99 Group Relative Strength Rating. Leadership from other issues in the group is a reassuring sign concerning the L criteria.
ACT was first highlighted in yellow in the 6/20/14 mid-day report (read here). Its annual earnings (A criteria) history has been strong. The number of top-rated funds owning its shares has been on the rise, up from 1,219 in Sep '13 to 2,062 in Mar '15, and its Up/Down Volume ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days, reassuring signs 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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$295.22
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+0.69
0.23% |
$296.03
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2,127,705
60.70% of 50 DAV
50 DAV is 3,505,000
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$317.72
-7.08%
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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 - 4/22/2015 5:49:32 PM
G - Finding support at its 50 DMA line, and subsequent losses leading to a damaging violation of it and recent lows would raise more serious concerns and trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Still at 50-Day Moving Average Line But Fundamental Concerns Remain - 4/22/2015
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$76.02
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+0.72
0.96% |
$76.12
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1,603,679
98.14% of 50 DAV
50 DAV is 1,634,000
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$75.41
0.81%
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4/20/2015
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$73.53
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PP = $73.63
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MB = $77.31
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Most Recent Note - 4/20/2015 1:03:02 PM
Y - Color code is changed to yellow with new pivot point cited based on its 3/20/15 high plus 10 cents. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a new (or add-on) technical buy signal. Its 50 DMA line and recent lows in the $68 area define near-term support to watch. Due to report earnings on 4/28/15 after the market close.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$74.57
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+0.19
0.25% |
$75.50
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581,769
32.59% of 50 DAV
50 DAV is 1,785,000
|
$77.39
-3.64%
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3/2/2015
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$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 4/20/2015 5:25:53 PM
G - Volume totals have cooled in recent weeks while stubbornly holding its ground near its all-time high. It has not formed a sound base of sufficient length. Its 50 DMA line ($65.92) and recent low ($64.55 on 3/26/15) define important near term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
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C
A N
S L
I M
|
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$52.89
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+0.69
1.32% |
$53.04
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232,946
109.36% of 50 DAV
50 DAV is 213,000
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$55.01
-3.85%
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4/9/2015
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$49.58
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PP = $48.13
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MB = $50.54
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Most Recent Note - 4/20/2015 1:11:34 PM
G - Volume totals have been cooling while stubbornly holding its ground near all-time highs after volume-driven gains. It is extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed With 8 Times Average Volume - 4/9/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$67.99
|
-0.16
-0.23% |
$68.79
|
242,863
55.83% of 50 DAV
50 DAV is 435,000
|
$70.49
-3.55%
|
3/27/2015
|
$61.97
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PP = $63.60
|
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MB = $66.78
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Most Recent Note - 4/17/2015 6:50:54 PM
Y - Pulled back today with average volume to finish just below its "max buy" level and its color code is changed to yellow. Prior highs in the $63.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Fresh Breakout Again Had Look of Institutional Demand - 4/7/2015
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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
|
$84.63
|
+1.01
1.21% |
$84.74
|
39,849,934
164.19% of 50 DAV
50 DAV is 24,271,000
|
$86.07
-1.67%
|
2/20/2015
|
$81.79
|
PP = $78.47
|
|
MB = $82.39
|
Most Recent Note - 4/22/2015 5:53:18 PM
G - Reported earnings +20% on +42% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Found support at its 50 DMA line. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebounded Above "Max Buy" Level After Pullback Near 50 Day Average - 4/21/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$190.04
|
-9.27
-4.65% |
$199.48
|
4,835,624
517.68% of 50 DAV
50 DAV is 934,100
|
$213.33
-10.92%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 4/22/2015 12:28:02 PM
G - Reported earnings +72% on +28% sales revenues for the Mar '15 quarter, continuing its strong earnings history. Pulling back today with above average volume, undercutting its 50 DMA line ($192.54). Its Relative Strength rating, now 74, remains below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Earnings Report Due Next Week May Generate Volatility - 4/15/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$164.33
|
+1.11
0.68% |
$164.55
|
201,484
77.49% of 50 DAV
50 DAV is 260,000
|
$172.09
-4.51%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 4/17/2015 6:47:01 PM
G - Pulled back today testing its 50 DMA line ($163.25). More damaging losses would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$259.35
|
+0.93
0.36% |
$260.87
|
879,579
67.66% of 50 DAV
50 DAV is 1,300,000
|
$276.18
-6.09%
|
4/10/2015
|
$263.45
|
PP = $276.28
|
|
MB = $290.09
|
Most Recent Note - 4/20/2015 5:24:19 PM
G - Posted a gain today with above average volume but it met resistance at its 50 DMA line ($261.67). A rebound above that important short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 4/10/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$102.69
|
+1.45
1.43% |
$103.12
|
1,457,901
42.33% of 50 DAV
50 DAV is 3,444,000
|
$108.50
-5.35%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 4/20/2015 1:13:40 PM
Y - Volume totals have been cooling while consolidating in recent weeks and a new pivot point was cited based on its 3/23/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. The 50 DMA line ($95.99) defines important near-term support to watch above the recent lows.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
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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
|
$153.87
|
-0.50
-0.32% |
$154.90
|
1,066,577
73.20% of 50 DAV
50 DAV is 1,457,000
|
$154.45
-0.38%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 4/21/2015 9:02:48 PM
Y - Hit a new high with today's considerable gain backed by +135% above average volume clinching a new (or add-on) technical buy signal. During its recent consolidation it found support above its 50 DMA line ($141.90) and well above prior lows in the $134 area.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$52.38
|
-0.77
-1.45% |
$53.88
|
292,939
62.46% of 50 DAV
50 DAV is 469,000
|
$54.09
-3.16%
|
4/8/2015
|
$52.04
|
PP = $50.10
|
|
MB = $52.61
|
Most Recent Note - 4/21/2015 11:30:18 AM
G - Color code is changed to green after rallying back above its "max buy" level. Found support near prior highs in the $50 area and well above its 50 DMA ($47.37) line.
>>> FEATURED STOCK ARTICLE : Volume Driven Gain From Flat Base Triggered New Technical Buy Signal - 4/8/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$25.47
|
-0.59
-2.26% |
$26.09
|
30,515
105.22% of 50 DAV
50 DAV is 29,000
|
$28.82
-11.62%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 4/22/2015 5:51:20 PM
Y - Pulled back with near average volume today testing support at its 50 DMA line ($25.32). Little resistance remains due to overhead supply. Members were repeatedly reminded - "Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal."
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Breakout Lacking Volume - 4/2/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$206.93
|
-3.92
-1.86% |
$210.91
|
1,997,812
63.85% of 50 DAV
50 DAV is 3,129,000
|
$211.57
-2.19%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 4/20/2015 1:05:55 PM
G - Still consolidating near all-time highs with volume-totals cooling in recent weeks while stubbornly holding its ground. Completed a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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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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