With Friday's decline, the major averages snapped their five week winning streak. For the week, the Dow lost -0.9%, the S&P 500 fell -1.1% and the NASDAQ was down -0.3%. Volume totals were reported lighter than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and by 2-1 on the NASDAQ exchange. There were 29 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down a notch from the prior session total of 30 stocks. New 52-week highs outnumbered new 52-week lows on the Nasdaq exchange while new lows outnumbered new highs on the NYSE. There were gains for only 2 of the 13 high-ranked companies currently included on the Featured Stocks Page. The broader market (M criteria) has encountered distributional pressure while leadership (stocks hitting new 52-week highs) has waned. Remember that disciplined investors buy stocks with superior fundamentals only after they have triggered a proper technical buy signal.

 

PICTURED: The Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line.

Stocks finished lower on Friday. The Dow fell 61 points to 16987. The S&P 500 lost 12 points to 1,985. The NASDAQ Composite dropped 24 points to 4,567. 

The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources.  The Premium Member Homepage includes "dynamic archives" to all prior pay reports published.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer ($XBD +0.57%) posted a gain on Friday extending its winning streak to 6 consecutive gains into new high territory. 

The high-ranked Transportation - Equipment Manufacturing firm was last shown in this FSU section on 8/25/14 with annotated graphs under the headline, "Rallying Into New High Territory Without Forming New Base". It reported earnings +91% on +39% sales revenues for the Jun '14 quarter, continuing its streak of strong quarterly earnings increases above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10.

TRN traded up as much as +33.4% since first highlighted in yellow in the 4/30/14 mid-day report report (read here). Disciplined investors avoid chasing stocks extended more than +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 455 in Sep '13 to 532 in Jun '14, a reassuring sign concerning the I criteria. Its supply of shares outstanding (S criteria) was doubled as a 2:1 split was effective as of 6/20/14.

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	$234.38	+1.64 0.70%	$239.15	2,611,032 122.81% of 50 DAV 50 DAV is 2,126,000	$234.00 0.16%	6/20/2014	$216.53	PP = $230.87
								MB = $242.41
Most Recent Note - 9/12/2014 11:57:54 AM Y - Hitting a new 52-week high today with volume running at an above average pace. Gains above a stock's pivot point must be backed by a minimum of +40% above average volume to trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Quietly Perched Within Striking Distance of 52-Week High - 8/28/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$42.04	-0.19 -0.45%	$42.35	280,605 114.53% of 50 DAV 50 DAV is 245,000	$47.10 -10.74%	5/21/2014	$44.85	PP = $44.85
								MB = $47.09
Most Recent Note - 9/8/2014 6:24:37 PM G - Churned above average volume without making price progress recently, a sign of distributional pressure. Relative Strength Rating is currently 72, below the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Distributional Action; Sub Par Relative Strength Remains Concern - 9/8/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
BITA - NYSE Bitauto Hldgs Ltd Ads Internet-Content	$84.17	+1.74 2.11%	$85.75	2,232,566 137.39% of 50 DAV 50 DAV is 1,625,000	$98.28 -14.36%	6/26/2014	$46.20	PP = $47.03
								MB = $49.38
Most Recent Note - 9/11/2014 6:26:45 PM G - Finished near the session high today but suffered another loss with heavy volume, enduring distributional pressure. Fundamentals remain strong. Noted repeatedly with caution - "Has the look of a 'climax run' with volume-driven gains getting very extended from its prior base." >>> FEATURED STOCK ARTICLE : Finished Near Session Low - Noted With Look of "Climax Run" - 8/27/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$90.80	-3.59 -3.80%	$94.65	225,598 132.70% of 50 DAV 50 DAV is 170,000	$102.51 -11.42%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 9/12/2014 6:05:53 PM G - Violated its 50 DMA line raising concerns with a loss today on higher volume indicative of distributional pressure. Reported earnings +37% on +21% sales revenues for the Jun '14 quarter, an improvement after 2 sub par quarterly earnings comparisons. >>> FEATURED STOCK ARTICLE : Forming New Base But Fundamental Flaws Remain a Concern - 9/3/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
FB - NASDAQ Facebook Inc Cl A INTERNET	$77.48	-0.44 -0.56%	$78.30	26,655,668 72.88% of 50 DAV 50 DAV is 36,576,000	$78.36 -1.12%	9/9/2014	$76.67	PP = $76.84
								MB = $80.68
Most Recent Note - 9/10/2014 4:49:18 PM Y - Posted a small gain today on light volume. Color code was changed to yellow with new pivot point cited based on its 7/24/14 high plus 10 cents. Recent gains lacked great volume conviction while gains above a stock's pivot point must have at least +40% above averages volume to trigger a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and annotated graphs. Prior highs in the $72 area define initial support along with its 50 DMA line. >>> FEATURED STOCK ARTICLE : Wedging Gains Not Indicative of Institutional Conviction - 9/9/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note 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
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$69.98	-1.36 -1.91%	$71.50	2,335,109 72.61% of 50 DAV 50 DAV is 3,216,000	$73.09 -4.26%	8/29/2014	$68.50	PP = $67.89
								MB = $71.28
Most Recent Note - 9/9/2014 12:17:26 PM Y - Pulling back today following a streak of 8 consecutive gains for new 52-week highs. It remains below its "max buy" level. No overhead supply remains to act as resistance. Prior highs in the $67 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Gap Up For New High With Volume Triggered Technical Buy Signal - 8/29/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$99.98	-0.51 -0.51%	$100.85	2,583,161 162.77% of 50 DAV 50 DAV is 1,587,000	$102.45 -2.41%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 9/11/2014 12:27:44 PM G - Hitting another new 52-week high today with heavy volume behind gains while getting extended from any sound base. No resistance remains due to overhead supply. Prior highs in the $87 area define initial support to watch above its 50 DMA line. Reported earnings +43% on +59% sales revenues for the Jul '14 quarter, continuing its strong earnings history satisfying the C criteria, however its Earnings Per Share (EPS) Rating has slumped below the 80+ minimum guideline for buy candidates. >>> FEATURED STOCK ARTICLE : Pulling Back Following New Technical Breakout - 9/4/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
STRT - NASDAQ Strattec Security Corp AUTOMOTIVE - Auto Parts	$85.26	-1.61 -1.85%	$87.47	39,296 187.12% of 50 DAV 50 DAV is 21,000	$89.87 -5.13%	8/22/2014	$71.47	PP = $73.97
								MB = $77.67
Most Recent Note - 9/10/2014 4:40:39 PM G - Perched at its 52-week high, extended from its prior base. Prior highs in the $74-77 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 9/10/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
TARO - NYSE Taro Pharmaceutical Inds DRUGS - Drug Manufacturers - Other	$154.78	-1.71 -1.09%	$156.52	98,842 114.93% of 50 DAV 50 DAV is 86,000	$165.30 -6.36%	7/30/2014	$144.24	PP = $149.99
								MB = $157.49
Most Recent Note - 9/10/2014 12:56:21 PM G - Consolidating above its 50 DMA line and only -5.1% off its 52-week high. Recently enduring distributional pressure and noted with caution - "Extended from any sound base. Recently reported earnings for the Jun '14 quarter below the +25% minimum earnings guideline (C criteria) raising fundamental concerns." >>> FEATURED STOCK ARTICLE : Churning Action Indicative of Distributional Pressure - 9/2/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
TRN - NYSE Trinity Industries Inc TRANSPORTATION - Railroads	$47.39	-0.48 -1.00%	$48.12	1,749,699 71.92% of 50 DAV 50 DAV is 2,433,000	$50.43 -6.03%	4/30/2014	$37.79	PP = $38.03
								MB = $39.93
Most Recent Note - 9/12/2014 6:07:07 PM G - Pulling back since a "negative reversal" at its 52-week high on 9/03/14. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50 DMA line. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 9/12/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$69.24	-0.68 -0.97%	$70.41	1,801,787 77.16% of 50 DAV 50 DAV is 2,335,000	$73.42 -5.69%	7/10/2014	$58.50	PP = $60.79
								MB = $63.83
Most Recent Note - 9/9/2014 7:08:21 PM G - Finished near the session low today with a loss on higher volume indicative of distributional pressure. No resistance remains due to overhead supply. Fundamental concerns were raised by earnings reported +0% on +34% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), yet the company raised its guidance. >>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time Highs Despite Fundamental Concerns - 8/26/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
WLK - NYSE Westlake Chemical Corp CHEMICALS - Specialty Chemicals	$93.23	-1.62 -1.71%	$94.82	410,680 80.84% of 50 DAV 50 DAV is 508,000	$98.44 -5.29%	4/29/2014	$72.79	PP = $69.31
								MB = $72.78
Most Recent Note - 9/11/2014 6:28:28 PM G - Consolidating above prior highs in the $92 area defining support above its 50 DMA line. Subsequent violations would raise greater concerns and trigger technical sell signals. Technical strength has continued despite recent fundamental concerns. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Levels - 9/11/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
YY - NASDAQ YY Inc Ads INTERNET - Internet Service Providers	$88.57	-1.42 -1.58%	$91.20	1,267,896 86.60% of 50 DAV 50 DAV is 1,464,000	$96.39 -8.11%	8/19/2014	$85.81	PP = $91.03
								MB = $95.58
Most Recent Note - 9/8/2014 6:27:29 PM G - Hit another new 52-week high with today's volume-driven gain and rallied beyond its "max buy" level. Getting extended from its prior base, its color code is changed to green. Prior highs near $90 define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched at High After Triggering Technical Buy Signal - 9/5/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M