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AFTER MARKET UPDATE - THURSDAY, MAY 21ST, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+0.34 |
18,285.74 |
+0.00% |
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Volume |
693,074,300 |
+3% |
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Volume |
1,557,595,080 |
-7% |
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NASDAQ |
+19.05 |
5,090.79 |
+0.38% |
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Advancers |
1,702 |
53% |
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Advancers |
1,445 |
49% |
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S&P 500 |
+4.97 |
2,130.82 |
+0.23% |
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Decliners |
1,362 |
43% |
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Decliners |
1,392 |
47% |
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Russell 2000 |
-1.00 |
1,256.74 |
-0.08% |
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52 Wk Highs |
86 |
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52 Wk Highs |
89 |
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S&P 600 |
-0.28 |
721.79 |
-0.04% |
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52 Wk Lows |
24 |
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52 Wk Lows |
53 |
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Major Averages Edged Higher With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks were slightly higher on Thursday. The Dow was flat to close at 18285. The NASDAQ advanced 19 points to 5090. The volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by a 4-3 margin on the NYSE and advancers led decliners by a narrower margin on the Nasdaq exchange. Leadership contracted as there were 35 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 57 stocks. New 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange both. There were gains for 8 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, last Thursday's bullish action met the definition of a "follow-through day" under the guidelines the fact-based investment system, signaling that investors have a favorable market environment for buying stocks meeting all of the key fundamental and technical criteria. The Nasdaq Composite Index's 1.4% gain on higher volume was coupled with the S&P 500 Index's finish at a new record high close and improving leadership (more stocks hitting new 52-week highs).
PICTURED: The S&P 500 Index gained 5 points to notch a new record high of 2130.
The major averages finished modestly in positive territory despite mostly disappointing economic data. Weekly initial jobless claims were higher than expected but still near 15-year lows. Existing home sales declined in April while another report showed U.S. manufacturing activity unexpectedly fell last month.
Seven of ten sectors in the S&P 500 were up on the session. AT&T (T +1.30%) rose as telecom was the best-performing group, and wireless provider Verizon (VZ +0.42%) also inched higher. Financials were the worst-performing sector after housing data dragged real estate stocks lower. Shares of CBRE Group (CBG -1.11%) fell.
In M&A, CVS (CVS +2.39%) rose after agreeing to buy Omnicare for $98 a share in cash. Shares of Omnicare (OCR +1.72%) rose on the news. On the earnings front, Best Buy (BBY +3.94%) rallied after posting better-than-expected quarterly profits. Salesforce.com (CRM +3.92%) was higher after raising its full-year revenue forecast above consensus estimates.
Treasuries moved higher as the benchmark U.S. 10-year note is gained 15/32 to yield 2.19%.
In commodities, NYMEX WTI crude advanced 2.8% to $60.64/barrel. COMEX gold finished off 0.3% to $1205.70/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy-Related Shares Were Leading Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.63%) was a positive influence on the major averages on Thursday while the Bank Index ($BKX -0.10%) and the Broker/Dealer Index ($XBD -0.11%) both were slightly lower. The tech sector saw modest losses from the Networking Index ($NWX -0.35%) and the Biotechnology Index ($BTK -0.23%), meanwhile the Semiconductor Index ($SOX +0.56%) rose. Energy-related shares rose and lifted the Oil Services Index ($OSX +2.23%) and the Integrated Oil Index ($XOI +0.67%). The Gold & Silver Index ($XAU -0.30%) edged lower.
Charts courtesy www.stockcharts.com
PICTURED: The Oil Services Index ($OSX +2.23%) met resistance at its 200-day moving average (DMA) line recently.
| Oil Services |
$OSX |
219.51 |
+4.80 |
+2.24% |
+4.10% |
| Integrated Oil |
$XOI |
1,375.18 |
+9.12 |
+0.67% |
+2.01% |
| Semiconductor |
$SOX |
718.44 |
+3.96 |
+0.55% |
+4.60% |
| Networking |
$NWX |
389.01 |
-1.36 |
-0.35% |
+8.68% |
| Broker/Dealer |
$XBD |
193.74 |
-0.21 |
-0.11% |
+4.93% |
| Retail |
$RLX |
1,145.43 |
+7.18 |
+0.63% |
+10.91% |
| Gold & Silver |
$XAU |
71.85 |
-0.22 |
-0.31% |
+4.46% |
| Bank |
$BKX |
76.25 |
-0.07 |
-0.09% |
+2.68% |
| Biotech |
$BTK |
4,147.77 |
-9.76 |
-0.23% |
+20.61% |
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Fundamental Flaw Raised Recent Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Akamai Technologies Inc (AKAM +$0.73 or +0.95% to $77.64) is consolidating near its 52-week high with volume-totals cooling. It recently reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria). This was noted as a fundamental flaw raising concerns and making it a less favorable buy candidate. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
The high-ranked Internet - Network Solutions firm was last shown in this FSU section on 5/06/15 with annotated graphs under the headline, "Fundamental Flaw Arose After Sub Par Earnings News". It churned heavy volume while retreating from its 52-week high. AKAM was first highlighted in yellow with pivot point based on its 11/28/14 high plus 10 cents in the 2/13/15 mid-day report (read here). Its annual earnings (A criteria) history has been steady. The number of top-rated funds owning its shares rose from 941 in Mar '14 to 1,094 in Mar '15, a reassuring 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 |
GSBC
-
NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans
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$40.03
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+0.29
0.73% |
$40.20
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32,043
103.36% of 50 DAV
50 DAV is 31,000
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$41.41
-3.33%
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4/27/2015
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$40.94
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PP = $40.54
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MB = $42.57
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Most Recent Note - 5/20/2015 7:11:46 PM
Y - Quietly consolidating above its 50 DMA line. Recent lows ($38.00 on 5/06/15) define the next important support where a violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Reassuring Support at 50-Day Moving Average Line - 5/14/2015 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A N
S L
I M |
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$67.91
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-0.83
-1.21% |
$68.74
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301,381
68.97% of 50 DAV
50 DAV is 437,000
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$70.49
-3.66%
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5/18/2015
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$67.42
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PP = $70.59
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MB = $74.12
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Most Recent Note - 5/18/2015 12:18:08 PM
Y - Color code is changed to yellow with new pivot point based in its 4/13/15 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or ad-on) technical buy signal. Found support last week while consolidating above its 50 DMA line and above prior lows defining near-term support. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 5/15/2015 |
View all notes |
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News |
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C
A N
S L
I M |
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$154.81
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+2.79
1.84% |
$155.24
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583,662
109.38% of 50 DAV
50 DAV is 533,600
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$165.67
-6.56%
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5/1/2015
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$155.23
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PP = $160.50
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MB = $168.53
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Most Recent Note - 5/18/2015 6:32:13 PM
G - Still sputtering near its 50 DMA line, and its Relative Strength rating has slumped below the 80+ minimum guideline. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Consolidating Near 50-Day Average - 5/18/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A N
S L
I M |
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$233.27
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+4.80
2.10% |
$235.00
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1,719,327
83.34% of 50 DAV
50 DAV is 2,063,000
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$229.63
1.59%
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1/5/2015
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$144.84
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PP = $149.90
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MB = $157.40
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Most Recent Note - 5/19/2015 3:49:33 PM
G - Wedging higher with today's 4th consecutive small gain lacking great volume conviction. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015 |
View all notes |
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News |
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C
A N
S L
I M |
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
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$106.79
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+3.91
3.80% |
$106.88
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4,916,408
158.95% of 50 DAV
50 DAV is 3,093,000
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$108.50
-1.58%
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4/15/2015
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$100.75
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PP = $108.60
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MB = $114.03
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Most Recent Note - 5/18/2015 6:34:53 PM
Y - Still quietly consolidating just above its 50 DMA line. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015 |
View all notes |
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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 |
SWKS
-
NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir
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$103.89
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+0.16
0.15% |
$104.49
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1,946,429
40.71% of 50 DAV
50 DAV is 4,781,000
|
$105.99
-1.98%
|
5/1/2015
|
$97.51
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PP = $102.87
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MB = $108.01
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Most Recent Note - 5/19/2015 6:11:04 PM
Y - Hit new 52-week highs with 2 consecutive gains lacking great volume conviction. Recently found support near its 50 DMA line while building on a riskier "late-stage" base pattern. Gains backed by at least +40% above average volume while rallying above the pivot point may trigger a technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Lacked Substantial Volume Conviction - 5/19/2015 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A N
S L
I M |
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$83.29
|
-2.96
-3.43% |
$86.34
|
2,047,023
160.55% of 50 DAV
50 DAV is 1,275,000
|
$86.75
-3.99%
|
5/1/2015
|
$75.99
|
PP = $77.49
|
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MB = $81.36
|
Most Recent Note - 5/19/2015 3:46:22 PM
G - Hitting another new all-time high today and its color code is changed to green after rallying above its "max buy" level, getting extended from its prior base. Prior highs in the $77 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average - 5/12/2015 |
View all notes |
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C
A N
S L
I M |
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$77.64
|
+0.73
0.95% |
$77.87
|
723,213
50.72% of 50 DAV
50 DAV is 1,426,000
|
$78.44
-1.02%
|
4/20/2015
|
$73.53
|
PP = $73.63
|
|
MB = $77.31
|
Most Recent Note - 5/20/2015 7:10:03 PM
G - Quietly consolidating near its 52-week high with volume-totals cooling. Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Fundamental Flaw Raised Recent Concerns - 5/21/2015 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A N
S L
I M |
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
|
$54.57
|
+0.61
1.13% |
$55.33
|
179,990
73.17% of 50 DAV
50 DAV is 246,000
|
$57.18
-4.56%
|
4/9/2015
|
$49.58
|
PP = $48.13
|
|
MB = $50.54
|
Most Recent Note - 5/20/2015 7:07:53 PM
G - Pulled back for a 2nd consecutive loss on average volume after wedging higher for new 52-week highs without forming a sound base. Its 50 DMA line and prior highs define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Wedged to New Highs Without Forming a Proper New Base - 5/20/2015 |
View all notes |
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C
A N
S L
I M |
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$170.57
|
-2.27
-1.31% |
$173.45
|
324,023
109.47% of 50 DAV
50 DAV is 296,000
|
$174.83
-2.44%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 5/19/2015 3:54:47 PM
G - Color code is changed to green while consolidating well above its 50 DMA line. It has not formed a sound new base yet it is perched within close striking distance of a best-ever close. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Rebounded Near 50 Day Moving Average Line - 5/13/2015 |
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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
|
$160.14
|
+1.62
1.02% |
$160.58
|
1,054,830
90.23% of 50 DAV
50 DAV is 1,169,000
|
$160.00
0.09%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
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Most Recent Note - 5/20/2015 7:14:42 PM
G - Color code is changed to green after its 5th consecutive small gain with below average volume, wedging above its "max buy" level. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 |
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C
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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