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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 13TH, 2013
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Indices NYSE Nasdaq
DOW  +75.42 15,376.06 +0.49% Volume 569,187,410 -11% Volume 1,422,352,970 -12%
NASDAQ +6.21 3,722.18 +0.17% Advancers 1,840 59% Advancers 1,499 58%
S&P 500 +4.57 1,687.99 +0.27% Decliners 1,131 37% Decliners 979 38%
Russell 2000 +5.50 1,053.98 +0.52% 52 Wk Highs 87   52 Wk Highs 101  
S&P 600 +3.38 595.37 +0.57% 52 Wk Lows 59   52 Wk Lows 16  

Indices Notched Gains This Week While Resuming Rally Mode

For the week, The Dow Jones Industrial Average rose +3%, the S&P 500 Index was up +1.9%, and the Nasdaq Composite Index climbed +1.7%. The major averages held modest gains into the close on Friday.  Volume totals were slightly lower on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange.  There were 35 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 total of 51 stocks on the prior session. The list of stocks hitting new 52-week highs outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

Stocks managed to end the week on a positive note as investors overlook several weaker-than-expected economic reports. Most sectors on the S&P ended higher. Utility and consumer stocks posted some of the strongest gains as Duke Energy Corp (DUK +0.89%) and Procter & Gamble Co (PG +1%) edged higher. On the earnings front, Ulta Salon Cosmetics & Fragrance, Inc (ULTA +17.3%) rallied after the company reported stronger-than-anticipated earnings, revenues and sales in their quarterly report. In other news, reports that Twitter filed paperwork with the SEC to go public boosted shares of GSV Capital Corp (GSVC +13.9%) as the company is known to have a stake in the social media firm.

Turning to fixed income markets, Treasuries were higher along the curve. The benchmark 10-year note was up 3/16 of a point to yield 2.89% and the 30-year bond gained 5/16 of a point to yield 3.84%.

New buying efforts in stocks are justified under the fact-based system while the market (M criteria) is currently in a confirmed rally. Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Nasdaq Composite Index is perched near its 2013 high, consolidating above prior highs. Monday's gains into new high territory for the year confirmed a new uptrend.


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.


Defensive and Financial Groups Rose

Defensive groups led Friday's gainers as the Gold & Silver Index ($XAU +1.18%) and the Healthcare Index ($HMO +1.37%) posted. The Bank Index ($BKX +0.17%) and Broker/Dealer Index ($XBD +0.36%) posted modest gains on Friday while the Retail Index ($RLX +0.03%) ended unchanged. The Semiconductor Index ($SOX +0.45%) and Networking Index ($NWX +0.29%) both posted modest gains while the Internet Index ($IIX +0.01%) finished flat and the Biotechnology Index ($BTK -0.13%) edged lower. Energy-related shares were indecisive as the Integrated Oil Index ($XOI +0.01%) and Oil Services Index ($OSX +0.11%) were both little changed.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +0.17%) halted its slide after slumping below its 50-day moving average (DMA) line, yet it is still consolidating below that important.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  271.29 +0.31 +0.11% +23.22%
Healthcare $HMO  3,579.28 +48.27 +1.37% +42.36%
Integrated Oil $XOI  1,402.20 +0.13 +0.01% +12.91%
Semiconductor $SOX  488.23 +2.17 +0.45% +27.12%
Networking $NWX  301.76 +0.89 +0.29% +33.20%
Internet $IIX  415.10 +0.03 +0.01% +26.94%
Broker/Dealer $XBD  138.68 +0.50 +0.36% +47.02%
Retail $RLX  832.68 +0.28 +0.03% +27.50%
Gold & Silver $XAU  95.68 +1.12 +1.18% -42.22%
Bank $BKX  63.68 +0.11 +0.17% +24.18%
Biotech $BTK  2,208.19 -2.82 -0.13% +42.74%


Rallying Near Pivot Point With Greater Volume Conviction

A V G Technologies N.V. (AVG +$0.33 or +1.44% to $23.25) was highlighted in yellow with pivot point based on its 8/06/13 high plus 10 cents in the earlier mid-day report (read here). It rallied for a best-ever close with today's 3rd consecutive gain while approaching its 52-week high on the right side of a 6-week flat base above its 50 DMA line. Disciplined investors know that volume-driven gains above the pivot point are needed to first trigger a proper technical buy signal before action may be justified. Then they avoid chasing a stock more than +5% above the pivot point, and to protect against seriously harmful losses they always sell if any stock falls more than -7% from their purchase price.

The high-ranked Computer Software -  security firm showed strong sales revenues growth with earnings increases well above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Jun '13. However, there is a sequential deceleration in its quarterly sales revenues increases. Earnings in FY '11 were flat versus the prior year, which is of some concern with respect to the A criteria.

The number of top-rated funds owning its shares rose from 89 in Sep '12 to 165 in Jun '13, a reassuring sign concerning the I criteria. There is a small supply (S criteria) of only 29 million shares outstanding which can contribute to greater price volatility in the event of any institutional buying or selling. 

 


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
AVG - NYSE
A V G Technologies N.V.
INTERNET - Internet Software and Services  
$23.25 +0.33
1.44%

$23.28

1,392,876
187.87% of 50 DAV
50 DAV is 741,400
$23.78
-2.23%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/13/2013 8:23:51 AM
Y - Finished strong after highlighted in yellow with pivot point based on its 8/06/13 high plus 10 cents in the earlier mid-day report (read here), rallying to a best-ever close with +87% above average volume behind today's 3rd consecutive gain. It is approaching its 52-week high on the right side of a 6-week flat base above its 50 DMA line. Showed strong sales revenues growth with earnings increases well above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Jun '13. Earnings in FY '11 were flat versus the prior year. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.

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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$15.74 -0.13
-0.82%

$16.20

443,794
132.59% of 50 DAV
50 DAV is 334,700
$18.10
-13.04%
8/7/2013 $12.01 PP = $13.30
MB = $13.97
Most Recent Note - 9/12/2013 4:02:47 PM
G - Gapped down today, retreating with heavy volume following a best-ever close on the prior session. During its choppy consolidation it found support above its 50 DMA line and prior highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.

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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$149.48 -0.16
-0.11%

$149.75

1,486,049
60.88% of 50 DAV
50 DAV is 2,440,900
$151.00
-1.01%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/12/2013 4:08:38 PM
Y - Wedging into new high territory this week with a streak of gains lacking volume conviction. New pivot point is cited based on its 8/01/13 high plus 10 cents, and subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. It formed a base-on-base type pattern. Its 50 DMA line defines important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$107.23 -0.01
-0.01%

$107.72

496,622
81.21% of 50 DAV
50 DAV is 611,500
$110.42
-2.89%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/12/2013 12:33:46 PM
G - Blasted beyond its "max buy" level to new highs after pricing a 2.75M share Secondary Offering at $105.25. FLT has traded up as much as +55% since first featured in yellow in the mid-day report on 3/21/13 (read here)
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2013. Click here.

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GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$41.65 +0.25
0.60%

$41.78

454,804
54.16% of 50 DAV
50 DAV is 839,700
$44.30
-5.98%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/12/2013 5:47:27 PM
Y - Rebounded above its 50 DMA line, its color code is changed to yellow while building on a new base with pivot point based on its 8/14/13 high. Subsequent volume-driven gains may trigger a new technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.

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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
KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$74.03 +0.71
0.97%

$74.95

2,361,946
66.85% of 50 DAV
50 DAV is 3,533,400
$76.74
-3.53%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/10/2013 7:39:15 PM
G - Retreated from its high with above average volume behind today's big loss and it finished near the session low. Its 50 DMA line defines support above prior highs in the $66 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$36.48 -0.07
-0.19%

$36.94

208,267
50.87% of 50 DAV
50 DAV is 409,400
$37.19
-1.91%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/12/2013 5:40:47 PM
G - Perched near its all-time high but fundamental concerns remain while technical action has been reassuring. See latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2013. Click here.

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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$25.24 +0.25
1.00%

$25.54

25,767
69.64% of 50 DAV
50 DAV is 37,000
$26.96
-6.38%
9/9/2013 $25.75 PP = $26.07
MB = $27.37
Most Recent Note - 9/12/2013 12:52:07 PM
Y - Trading at a new 52-week high today. The company announced plans to pay a Special Dividend to shareholders of record 9/16/13. Held its ground stubbornly and rose since a volume-driven breakout gain on 9/05/13. See the latest FSU analysis for more details and an annotated weekly graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2013. Click here.

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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$966.82 -2.97
-0.31%

$971.70

552,739
86.79% of 50 DAV
50 DAV is 636,900
$994.98
-2.83%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/13/2013 8:30:57 AM
Y - Color code is changed to yellow with new pivot point cited based on its 8/09/13 high plus 10 cents. Consolidating in an orderly fashion above prior highs, still building a new flat base. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2013. Click here.

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PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$58.47 +0.00
0.00%

$59.04

286,017
52.28% of 50 DAV
50 DAV is 547,100
$59.45
-1.64%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/10/2013 7:33:47 PM
G - Hit a new 52-week high and rallied above its "max buy" level with today's 6th consecutive gain and its color code is changed to green. Found support above its 50 DMA line during the latest consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2013. Click here.

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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
PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$72.26 -0.93
-1.27%

$73.56

305,623
76.98% of 50 DAV
50 DAV is 397,000
$76.73
-5.83%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/12/2013 4:10:51 PM
G - Quietly hovering near its all-time high after rallying beyond its "max buy" level. Support to watch is at prior highs and above its 50 DMA line coinciding in the $67 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2013. Click here.

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QCOR - NASDAQ
Questcor Pharmaceuticals
DRUGS - Biotechnology  
$63.07 -0.77
-1.21%

$65.10

1,138,129
67.96% of 50 DAV
50 DAV is 1,674,600
$74.76
-15.64%
7/31/2013 $66.46 PP = $59.01
MB = $61.96
Most Recent Note - 9/11/2013 8:28:42 PM
G - Loss today with above average volume tested near its 50 DMA line, yet it found prompt support and ended the session near recent lows in the $64 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$45.41 -1.94
-4.10%

$47.00

2,884,816
365.12% of 50 DAV
50 DAV is 790,100
$53.77
-15.55%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/12/2013 3:58:49 PM
G - Retreating from all-time highs with above average volume behind today's 2nd consecutive loss. It is still very extended from any sound base. Recent highs near $42 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2013. Click here.

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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$37.72 +0.01
0.03%

$37.94

349,922
99.55% of 50 DAV
50 DAV is 351,500
$38.80
-2.78%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/10/2013 7:35:28 PM
Y - Rallied for a solid gain with 2 times average volume today while approaching a new pivot point cited based on its 8/02/13 high plus 10 cents. Subsequent volume-driven gains may trigger a new buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$92.32 -5.47
-5.59%

$94.70

7,151,792
799.53% of 50 DAV
50 DAV is 894,500
$113.49
-18.65%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/12/2013 3:55:01 PM
Y - Color code is changed to yellow while slumping below its "max buy" level, sinking near its 50 DMA line and prior highs with above average volume behind today's 7th consecutive loss. Proposed a new Public Offering on 9/09/13 perched near all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. Click here.

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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
STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$43.61 +0.51
1.18%

$43.78

50,789
39.10% of 50 DAV
50 DAV is 129,900
$46.47
-6.15%
7/31/2013 $40.00 PP = $42.98
MB = $45.13
Most Recent Note - 9/12/2013 3:56:42 PM
Y - Holding its ground stubbornly with volume totals cooling after 7 consecutive gains to a best-ever close. Recently found encouraging support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.86 +0.02
0.11%

$17.95

309,425
196.59% of 50 DAV
50 DAV is 157,400
$18.38
-2.83%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/12/2013 1:03:15 PM
G - Perched at its 52-week high today following a streak of 10 consecutive gains, extended from its prior base. Prior highs define important near-term support to watch near $16 on pullbacks. Rallied +12% higher since highlighted on 9/04/13 under the headline, "Forming Sound Set-Up While "M" Correction Remains Overriding Concern".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2013. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$22.93 -0.22
-0.95%

$23.25

1,225,605
256.24% of 50 DAV
50 DAV is 478,300
$23.72
-3.33%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/12/2013 1:34:42 PM
Y - Color code is changed to yellow with pivot point cited based on its May 2012 high plus 10 cents. Hovering at its 52-week high after recently topping its 2012 high with a recent spurt of gains backed by above average volume, and it is on track for its 16th weekly gain in the span of 18 weeks. Prior mid-day report repeatedly noted - "Fundamentals remain strong with great earnings increases through the Jun '13 quarter. Rebounded and rallied impressively following a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 8/28/12."

>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2012. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$99.20 -0.37
-0.37%

$99.86

832,508
70.33% of 50 DAV
50 DAV is 1,183,700
$105.40
-5.88%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/11/2013 8:19:59 PM
Y- Color code is changed to yellow with new pivot point cited based on its 8/14/13 high plus 10 cents. Recent insider buying while trading near its highs has been noted as an encouraging sign. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. Click here.

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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$34.38 -0.02
-0.06%

$34.60

1,564,398
64.02% of 50 DAV
50 DAV is 2,443,600
$35.88
-4.18%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/13/2013 8:46:28 AM
Y - Tallied a 4th consecutive small loss today while holding its ground just -4.2% off its 52-week high.Found support at its 50 DMA line, important near-term support to watch. A valid secondary buy point exists up to +5% above its prior high.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2013. Click here.

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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

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