FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, April 26th, 2017

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AFTER MARKET UPDATE - WEDNESDAY, APRIL 26TH, 2017

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Indices				NYSE			Nasdaq
DOW	-21.03	20,975.09	-0.10%	Volume	1,120,486,740	+2%	Volume	1,701,150,800	-1%
NASDAQ	-0.26	6,025.23	-0.00%	Advancers	1,704	58%	Advancers	1,737	62%
S&P 500	-1.16	2,387.45	-0.05%	Decliners	1,245	42%	Decliners	1,072	38%
Russell 2000	+8.35	1,419.43	+0.59%	52 Wk Highs	285		52 Wk Highs	262
S&P 600	+5.87	863.08	+0.68%	52 Wk Lows	10		52 Wk Lows	27

Breadth Was Positive While Indices Edged Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished little changed on Wednesday. The Dow was down 21 points to 20975. The S&P 500 lost a point to 2387 and the Nasdaq Composite slipped less than a point to 6025. The volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 95 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 111 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average recently rebounded above its 50-day moving average (DMA), rallying toward its record high.

The major averages' (M criteria) are in a confirmed uptrend, and there has been a reassuring expansion in leadership (number of high-ranked stocks hitting new highs). New buying efforts should be made only in stocks matching all of the fundamental and technical criteria of the fact-based investment system. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages fluctuated on the session Wednesday after President Donald Trump released his much-anticipated outline for tax reform. The proposal reduces the corporate tax rate to 15% from 35% while adding a “one-time tax” on the trillions of dollars held by corporations overseas. Retail stocks climbed on the announcement, as it revealed President Trump's plan did not include a border adjustment tax.

Seven of 11 sectors in the S&P 500 ended in negative territory. Technology stocks finished mixed with Twitter (TWTR +7.91%) rose after the company added more daily active users than analysts had expected in the quarter. Seagate Technology (STX -16.83%) fell as quarterly sales miss expectations. In the consumer space, Procter & Gamble (PG -2.51%) edged lower as a stronger dollar and political uncertainty tempered results. Chipotle Mexican Grill (CMG +2.38%) rose after widely beating profit expectations. Telecom stocks outperformed with AT&T (T +1.25%) edging higher. Health Care shares advanced with Edwards Lifesciences (EW +10.49%) rallying.

Treasuries finished higher as investors appeared cautious regarding the prospects of President Trump’s tax outline. The benchmark 10-year note advanced 8/32 to yield 2.30%. In commodities, NYMEX WTI crude lost 0.6% to $49.28/barrel. In FOREX, the Dollar Index gained 0.2%.

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.

Financial and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.31%), Broker/Dealer Index ($XBD +0.29%), and the Retail Index ($RLX +0.42%) each posted modest gains on Wednesday. The tech sector was mixed as the Biotechnology Index ($BTK +0.22%) edged higher, Networking Index ($NWX +0.06%) finished flat, and the Semiconductor Index ($SOX 0.85%) fell. The Integrated Oil Index ($XOI -0.56%) edged lower and the Oil Services Index ($OSX +0.18%) posted a small gain. The Gold & Silver index ($XAU +1.13%) rose.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +0.22%) found support near its 50-day moving average (DMA) line and rebounded toward prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	159.05	+0.28	+0.18%	-13.46%
Integrated Oil	$XOI	1,164.98	-6.59	-0.56%	-8.12%
Semiconductor	$SOX	1,009.16	-8.65	-0.85%	+11.33%
Networking	$NWX	455.80	-0.25	-0.06%	+2.17%
Broker/Dealer	$XBD	215.88	+0.62	+0.29%	+5.16%
Retail	$RLX	1,490.64	+6.28	+0.42%	+10.99%
Gold & Silver	$XAU	83.31	+0.93	+1.13%	+5.64%
Bank	$BKX	92.85	+0.28	+0.30%	+1.15%
Biotech	$BTK	3,611.29	+7.90	+0.22%	+17.44%

Challenging 52-Week High With Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

National Commerce Corp (NCOM +$0.25 or +0.63% to $39.65) hit a new 52-week high with today's 3rd consecutive gain, trying to rally from a 12-week flat base pattern. It finished strong after highlighted in yellow in the 4/25/17 mid-day report with new pivot point cited based on its 1/27/17 high plus 10 cents (read here). A gain above the pivot point backed by a minimum of +40% above average volume may trigger a technical buy signal.

It reported Mar '17 earnings +32% on +42% sales revenues extending its streak to 9 consecutive quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). It annual earnings (A criteria) history has been strong. It is up from its $20 IPO on 3/19/15.

It has a Timeliness rating of A and a Sponsorship rating of A. The number of top-rated funds owning its shares rose from 94 in Jun '16 to 117 in Mar '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 10.4 million shares (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Charts used courtesy of www.stockcharts.com

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
SBCF - NASDAQ Seacoast Banking Corp Fl BANKING - Regional - Mid-Atlantic Banks	$25.00	-0.23 -0.91%	$25.58	573,259 124.08% of 50 DAV 50 DAV is 462,000	$25.88 -3.40%	4/24/2017	$25.33	PP = $24.38
								MB = $25.60
Most Recent Note - 4/24/2017 6:31:14 PM Y - Color code is changed to yellow with new pivot point cited based on its 3/31/17 high after a cup with handle base. Gapped up today and hit a new all-time high with today's 6th consecutive gain. Gains above the pivot point should be backed by a minimum of +40% above average volume to trigger a proper new (or add-on) technical buy signal. The 50 DMA line ($23.72) and recent low ($21.89 on 3/22/17) define support where violations would raise more serious concerns and trigger worrisome technical sell signals. >>> FEATURED STOCK ARTICLE : Rebound After Slump Below 50-Day Average Into Prior Base - 3/28/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$26.16	+0.07 0.27%	$26.54	335,456 113.71% of 50 DAV 50 DAV is 295,000	$26.94 -2.89%	3/13/2017	$25.54	PP = $26.40
								MB = $27.72
Most Recent Note - 4/24/2017 6:22:52 PM Y - Rebounded further above its 50 DMA line toward prior highs. Damaging losses below its recent low ($23.64 on 4/17/17) would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Positive Reversal After Intra-day Low Undercut Prior Lows - 4/17/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NSP - NYSE Insperity Inc Comml Svcs-Outsourcing	$92.25	+1.45 1.60%	$93.43	115,260 75.33% of 50 DAV 50 DAV is 153,000	$91.80 0.49%	4/21/2017	$88.65	PP = $90.65
								MB = $95.18
Most Recent Note - 4/25/2017 7:37:17 PM Y - Hit a new high with today's gain on light volume. Color code was changed to yellow with new pivot point cited based on its 3/15/17 high plus 10 cents. Gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new (or add-on) technical buy signal. Found support while consolidating in an orderly fashion above its 50 DMA line. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : New Base Formed Above 50-Day Moving Average Line - 4/21/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$68.64	+1.28 1.90%	$68.96	71,575 42.86% of 50 DAV 50 DAV is 167,000	$68.34 0.44%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 4/26/2017 5:04:56 PM G - Touched another new all-time high with today's 3rd consecutive gain with light volume. Found prompt support after violating its 50 DMA line on 4/11/17. Recent low ($57.89 on 4/11/17) defines near-term support to watch on pullbacks. Repeatedly noted with caution - "The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern. >>> FEATURED STOCK ARTICLE : Support Shown Promptly After 50-Day Moving Average Violation - 4/19/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SIRI - NASDAQ Sirius X M Holdings Inc MEDIA - Broadcasting - Radio	$5.11	-0.10 -1.83%	$5.20	33,671,781 127.73% of 50 DAV 50 DAV is 26,361,000	$5.53 -7.59%	3/13/2017	$5.48	PP = $5.32
								MB = $5.59
Most Recent Note - 4/24/2017 6:33:46 PM G - Finished at the session high with above average volume behind today's 5th consecutive gain, closing above its 50 DMA line ($5.11), helping its outlook to improve. More damaging losses below the recent low ($4.95 on 4/19/17) would raise greater concerns and trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Level - 4/13/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note 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
BEAT - NASDAQ BioTelemetry Inc Medical-Services	$33.20	+0.65 2.00%	$33.45	654,616 144.51% of 50 DAV 50 DAV is 453,000	$32.85 1.07%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 4/24/2017 6:21:30 PM G - Gapped up and rallied with average volume for a new all-time high on M&A news. Disciplined investors avoid chasing extended stocks. During recent consolidations it found support well above its 50 DMA line and above prior highs in the $24 area. >>> FEATURED STOCK ARTICLE : Perched Near High, Extended From Prior Base - 4/3/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$279.69	+1.70 0.61%	$280.98	485,437 74.32% of 50 DAV 50 DAV is 653,200	$289.27 -3.31%	3/6/2017	$274.96	PP = $278.73
								MB = $292.67
Most Recent Note - 4/25/2017 11:27:40 AM G - Color code is changed to green as its Relative Strength rank has slumped to 69, below the 80+ guideline for buy candidates. Testing prior highs in the $278 area defining important support along with its 50 DMA line ($280.12). More damaging losses would raise concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Technical Breakout - 4/7/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESNT - NYSE Essent Group Ltd Finance-MrtgandRel Svc	$38.91	+0.93 2.45%	$39.38	567,902 80.90% of 50 DAV 50 DAV is 702,000	$39.50 -1.49%	4/4/2017	$36.38	PP = $36.81
								MB = $38.65
Most Recent Note - 4/26/2017 3:20:46 PM G - Color code is changed to green today after rising back above its "max buy" level. Its 50 DMA line ($36.11) and recent lows define important near-term support. >>> FEATURED STOCK ARTICLE : Quiet Volume Behind Gain for New High Close - 4/10/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MTSI - NASDAQ Macom Tech Solution Hldg Elec-Semiconductor Mfg	$50.32	-3.52 -6.54%	$51.19	4,437,952 1,010.92% of 50 DAV 50 DAV is 439,000	$55.18 -8.80%	4/25/2017	$54.57	PP = $53.90
								MB = $56.60
Most Recent Note - 4/26/2017 1:17:59 PM G - Gapped down today and undercut its 50 DMA line then found prompt support. Its color code was changed to green. Had a "negative reversal" after highlighted in yellow in the 4/25/17 mid-day report with a pivot point cited based on its 12/07/16 high plus 10 cents. No resistance remains. Reported +38% earnings on +39% sales revenues for the Mar '17 quarter after the close. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Strong Earnings Report While Perched at All-Time High - 4/25/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$52.99	+0.79 1.51%	$53.19	821,318 62.70% of 50 DAV 50 DAV is 1,310,000	$53.37 -0.71%	3/16/2017	$49.00	PP = $48.05
								MB = $50.45
Most Recent Note - 4/26/2017 5:09:25 PM G - Small gain backed by light volume today for a best-ever close. Its 50 DMA line defines support along with prior highs in the $47-48 area. >>> FEATURED STOCK ARTICLE : Hovering Near High, Stubbornly Holding its Ground - 4/18/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note 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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$139.36	-0.06 -0.04%	$139.98	700,848 79.37% of 50 DAV 50 DAV is 883,000	$140.32 -0.68%	4/17/2017	$132.75	PP = $135.27
								MB = $142.03
Most Recent Note - 4/21/2017 6:06:40 PM Y - Perched at its all-time high following 5 consecutive small gains with light volume. Wedged higher with gains lacking great volume conviction since forming an advanced "3-weeks tight" base. Gains with at least +40% above average volume while rising above the new pivot point cited would trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IBP - NYSE Installed Building Prod DIVERSIFIED SERVICES - Business/Management Services	$54.80	+1.35 2.53%	$54.90	117,390 76.23% of 50 DAV 50 DAV is 154,000	$54.60 0.37%	4/17/2017	$51.75	PP = $53.10
								MB = $55.76
Most Recent Note - 4/26/2017 5:11:21 PM Y - Hit a new all-time high today with another gain backed by light volume. Wedged higher with gains lacking great volume conviction after an advanced "3-weeks tight" base was noted. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($49.53) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High Following Volume-Driven Gains - 4/4/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NCOM - NASDAQ National Commerce Corp BANKING - Regional - Southeast Banks	$39.65	+0.25 0.63%	$40.00	61,785 199.31% of 50 DAV 50 DAV is 31,000	$40.00 -0.88%	4/25/2017	$38.95	PP = $40.09
								MB = $42.09
Most Recent Note - 4/26/2017 5:00:53 PM Y - Touched a new 52-week high with above average volume behind today's 3rd consecutive gain. It finished strong after highlighted in yellow in the 4/25/17 mid-day report with new pivot point cited based on its 1/27/17 high plus 10 cents. A gain above the pivot point backed by a minimum of +40% above average volume may trigger a technical buy signal. Up from its $20 IPO on 3/19/15. Reported Mar '17 earnings +32% on +42% sales revenues extending its streak to 9 consecutive quarterly comparisons with earnings increasing above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Challenging 52-Week High With Volume-Driven Gains - 4/26/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$82.30	+1.12 1.38%	$82.52	154,608 87.85% of 50 DAV 50 DAV is 176,000	$82.38 -0.10%	4/17/2017	$76.77	PP = $80.04
								MB = $84.04
Most Recent Note - 4/25/2017 11:33:25 AM Y - Hitting a new all-time high with today's 4th consecutive gain on higher volume. Gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($74.13) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Best Ever Close For High-Ranked Medical Product Maker - 3/31/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLAY - NASDAQ Dave & Buster's Ent Inc Retail-Restaurants	$64.03	+0.69 1.09%	$64.50	436,894 54.54% of 50 DAV 50 DAV is 801,000	$64.48 -0.70%	2/23/2017	$55.41	PP = $58.35
								MB = $61.27
Most Recent Note - 4/26/2017 5:06:38 PM G - Posted a small gain with light volume today for a new high close. Its 50 DMA line ($59.45) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Retreated From All-Time High Following Earnings Report - 3/29/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note 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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$38.45	+0.80 2.12%	$38.88	714,664 122.37% of 50 DAV 50 DAV is 584,000	$37.95 1.32%	3/27/2017	$32.80	PP = $33.55
								MB = $35.23
Most Recent Note - 4/24/2017 6:43:06 PM G - Rallied further above its "max buy" level for a new all-time high with today's 6th consecutive gain. Bullish action has continued since reporting earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Winning Streak Continues for Discount Retailer - 4/24/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MOMO - NASDAQ Momo Inc Ads Cl A INTERNET - Content	$37.43	-0.73 -1.91%	$37.50	6,105,647 118.44% of 50 DAV 50 DAV is 5,155,000	$39.25 -4.64%	3/7/2017	$29.71	PP = $27.83
								MB = $29.22
Most Recent Note - 4/26/2017 10:29:04 AM G - Gapped down today retreating from its all-time high. Its 50 DMA line ($32.55) defines important support to watch. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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