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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 26TH, 2013
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Indices NYSE Nasdaq
DOW  +55.04 15,328.30 +0.36% Volume 602,689,060 -6% Volume 1,744,923,580 -1%
NASDAQ +26.33 3,787.43 +0.70% Advancers 1,883 60% Advancers 1,513 58%
S&P 500 +5.90 1,698.67 +0.35% Decliners 1,104 35% Decliners 1,003 38%
Russell 2000 +4.90 1,078.41 +0.46% 52 Wk Highs 116   52 Wk Highs 140  
S&P 600 +3.28 609.15 +0.54% 52 Wk Lows 22   52 Wk Lows 16  

Major Averages Rose With Lighter Volume Totals

The major averages rose on Thursday. Volume totals were lighter on the NYSE and on the Nasdaq exchange versus the prior session's volume totals, revealing a lack of institutional buying conviction. Breadth was positive as advancers led decliners by more than 3-2 on the NYSE and on the Nasdaq exchange. There were 51 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, matching the total of 51 stocks on the prior session. The list of stocks hitting new 52-week highs easily outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 13 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

Encouraging economic updates set the positive tone. Claims for unemployment benefits unexpectedly fell by 5,000 last week to 305,000 and the final reading on second-quarter GDP showed the economy expanded at a faster rate than the previous three months. The positive data eased concerns about the budget stalemate in Washington as the potential for a government shutdown on October 1 looms.

Overall, seven of the 10 S&P 500 sectors gained ground. Consumer Discretionary paced the advance as retailers rallied including Bed Bath & Beyond Inc (BBBY +4.47%) thanks to its better-than-expected earnings report, and J.C. Penney Co Inc (JCP +2.96%) after reiterating an improved sales outlook. The more defensive Utilities sector lagged behind with Exelon Corp (EXC -0.73%) and Edison International Inc (EIX -0.81%) ending lower.

In fixed-income, Treasuries declined and held onto losses after a government auction of seven-year notes garnered weaker-than-average demand. The 10-year note was down 4/32 to yield 2.64% and the 30-year bond lost 12/32 to yield 3.69%.

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 S&P 500 Index snapped its longest losing streak of the year with an advance of nearly 6 points to 1,698. It is well above its 50-day moving average (DMA) line.


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.


Retail, Biotech, and Internet Indexes Led Gainers

The Retail Index ($RLX +1.00%) was a positive influence on the major averages on Thursday. The Biotechnology Index ($BTK +2.00%) led the tech sector higher and the Internet Index ($IIX +0.96%) rose, meanwhile the Semiconductor Index ($SOX -0.05%) and Networking Index ($NWX -0.05%) finished flat.  Financial shares had a slightly negative bias as the Bank Index ($BKX -0.33%) and the Broker/Dealer Index ($XBD -0.14%) edged lower .  Energy-related shares were indecisive as the Oil Services Index ($OSX -0.10%) and Integrated Oil Index ($XOI +0.01%) were little changed. Defensive groups were mixed as the Healthcare Index ($HMO +0.18%) inched higher while the Gold & Silver Index ($XAU -1.58%) was a standout decliner.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +1.00%) is consolidating near its August highs, still well above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  272.81 -0.27 -0.10% +23.91%
Healthcare $HMO  3,475.14 +6.15 +0.18% +38.22%
Integrated Oil $XOI  1,414.63 +0.10 +0.01% +13.91%
Semiconductor $SOX  494.71 -0.24 -0.05% +28.81%
Networking $NWX  301.72 -0.14 -0.05% +33.18%
Internet $IIX  419.52 +3.99 +0.96% +28.29%
Broker/Dealer $XBD  138.57 -0.19 -0.14% +46.90%
Retail $RLX  851.92 +8.45 +1.00% +30.45%
Gold & Silver $XAU  93.77 -1.51 -1.58% -43.38%
Bank $BKX  62.53 -0.21 -0.33% +21.94%
Biotech $BTK  2,217.75 +43.45 +2.00% +43.36%


Wedging to New Highs With Gains Lacking Volume Conviction

Portfolio Recovery Assoc (PRAA +$0.99 or +1.64% to $61.23) hit a new 52-week high with today's 4th consecutive gain on light volume, wedging higher and getting more extended from its prior base. It found support above its 50-day moving average (DMA) line during the latest consolidation after briefly undercutting prior highs in the $54 area. It found prompt support and proved its resilience, as bullish action has followed since it was last shown in this FSU section with an annotated graph on 8/28/13 under the headline "Slump Into Prior Base During Market Correction Negated Breakout". It had slumped below its old high close ($53.86 on 6/17/13), and the deterioration completely negated the prior technical breakout. Disciplined investors may have been prompted to limit losses if it fell more than -7% from their purchase price. Remember, any stock which is sold can be bought back again later if strength returns, but limiting losses while they are small is "Rule #1" and can be critical to investors' success.


Do not be confused by 3:1 share split impacting prices on 8/02/13. Strong earnings +37% on +24% sales revenues for the Jun '13 quarter continued its track record of strong earnings increases above the +25% minimum guideline (C criteria).   This high-ranked leader from the Finance - Credit Card/Payment Processing industry group has strong fundamentals and has earned great ranks.  The number of top-rated funds owning its shares rose from 308 in Jun '12 to 417 in Jun '13, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is also an unbiased indication its shares have been under accumulation over the past 50 days.


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  
$25.20 -0.29
-1.14%

$25.80

624,599
69.64% of 50 DAV
50 DAV is 896,900
$26.56
-5.11%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/23/2013 12:13:52 PM
G - Retreating from its 52-week high today after getting extended from its prior base with a spurt of volume-driven gains. Prior highs in the $23 area define initial support to watch.
>>> 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  
$15.97 -0.03
-0.19%

$16.28

315,675
79.48% of 50 DAV
50 DAV is 397,200
$18.10
-11.77%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 9/24/2013 3:51:59 PM
Y - Color code is changed to yellow with new pivot point cited based on its 9/09/13 high plus 10 cents after an advanced "3-weeks tight" base. Above average volume behind today's 4th consecutive gain has it poised for possibly a best-ever close. A volume-driven gain above its pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line defines important support.
>>> 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  
$149.89 +4.33
2.97%

$150.05

2,964,348
117.89% of 50 DAV
50 DAV is 2,514,600
$151.95
-1.36%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/26/2013 5:56:16 PM
Y - Rallied for a best-ever close with today's gain backed by +18% above average volume. Hit a new 52-week high on 9/20/13 with +208% above average volume, but it finished the just below the pivot point. Its 50 DMA line ($142.60 now) defines near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.86 +0.11
0.40%

$28.11

67,184
90.30% of 50 DAV
50 DAV is 74,400
$28.43
-2.00%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/24/2013 12:22:51 PM
Y - Hitting a new 52-week high with above average volume behind today's 3rd consecutive gain while rallying above the pivot point based on its 7/25/13 high plus 10 cents. A strong finish may help to clinch a convincing technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$110.10 -0.83
-0.75%

$111.99

560,446
89.50% of 50 DAV
50 DAV is 626,200
$112.50
-2.13%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/25/2013 12:30:23 PM
G - Hovering in a tight range near all-time highs after completing a Secondary Offering on 9/11/13. Its 50 DMA line and recent lows near $100 define important near term support to watch on pullbacks. FLT has traded up as much as +58% 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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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
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$43.64 +0.16
0.37%

$43.79

471,248
57.80% of 50 DAV
50 DAV is 815,300
$44.30
-1.49%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/23/2013 6:17:19 PM
Y - Pulled back today with lighter but above average volume. Closed at a new high after rallying above its pivot point on Friday with +47% above average volume triggering a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$73.99 +0.81
1.11%

$74.16

1,570,483
43.37% of 50 DAV
50 DAV is 3,621,200
$78.62
-5.89%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/24/2013 6:12:39 PM
G - Extended from its prior base and consolidating near its 52-week high. Its 50 DMA line (now $70.64) 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  
$39.91 +0.86
2.20%

$40.13

640,748
163.54% of 50 DAV
50 DAV is 391,800
$39.99
-0.20%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/25/2013 5:51:11 PM
G - Holding its ground near its all-time high while enduring mild distributional pressure. Fundamental concerns remain while technical action has been reassuring.
>>> 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  
$25.49 -0.27
-1.05%

$25.78

22,851
63.30% of 50 DAV
50 DAV is 36,100
$26.96
-5.45%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/25/2013 5:52:09 PM
G - Hit another new 52-week high today. Stubbornly holding its ground and wedging higher with gains lacking great volume conviction since recently paying a $2.00 per share Special Dividend (latest Pivot Point, Max Buy and Featured Price were adjusted to accordingly).
>>> 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  
$1,011.61 +14.29
1.43%

$1,014.22

378,840
61.83% of 50 DAV
50 DAV is 612,700
$1,013.63
-0.20%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/26/2013 5:50:42 PM
Y - Still wedging above its new pivot point cited based on its 8/09/13 high plus 10 cents with gains lacking great volume conviction. Volume-driven gains are necessary to clinch a proper new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2013. 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
PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$61.23 +0.99
1.64%

$61.60

450,417
88.60% of 50 DAV
50 DAV is 508,400
$60.82
0.67%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/26/2013 5:52:35 PM
G - Hit another new 52-week high with today's 4th consecutive gain on light volume, wedging higher and getting more extended from its prior base. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/26/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$77.04 -1.79
-2.27%

$79.12

330,861
80.58% of 50 DAV
50 DAV is 410,600
$80.66
-4.49%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/26/2013 5:54:00 PM
G - Encountering mild distributional pressure and pulling back from a new 52-week high hit this week. Support to watch is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/25/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$49.29 -0.71
-1.42%

$50.55

1,067,271
106.04% of 50 DAV
50 DAV is 1,006,500
$53.77
-8.33%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/25/2013 12:46:37 PM
G - Perched near its 52-week high., holding its ground stubbornly. This high-ranked Internet - Content firm may go on to produce more climactic gains, but it is very extended from any sound base. Recent highs near $42 define initial support to watch above its 50 DMA line.
>>> 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  
$38.55 +0.10
0.26%

$38.93

281,320
64.75% of 50 DAV
50 DAV is 434,500
$39.94
-3.48%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/20/2013 6:12:47 PM
Y - Posted a solid gain today with above average volume, finishing back above the pivot point cited based on its 8/02/13 high plus 10 cents. Recently announced a Secondary Offering while perched at all-time highs.
>>> 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  
$103.94 +2.32
2.29%

$105.38

1,153,285
106.08% of 50 DAV
50 DAV is 1,087,200
$113.49
-8.41%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/24/2013 3:56:29 PM
G - Consolidating above its 50 DMA line. Completed a new Public Offering on 9/13/13. Color code is changed to green while rebounding above its "max buy" level after finding support near prior highs. It has not formed a sound base.
>>> 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  
$45.28 +0.15
0.33%

$45.56

62,080
47.53% of 50 DAV
50 DAV is 130,600
$46.47
-2.56%
9/24/2013 $45.54 PP = $46.57
MB = $48.90
Most Recent Note - 9/24/2013 6:07:40 PM
Y - Finished at a best-ever close with today's gain on light volume. A new pivot point was cited based on its 8/01/13 high plus 10 cents. Recently found encouraging support at its 50 DMA line. Volume-driven gains to new highs may trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.72 -0.13
-0.73%

$17.99

136,420
77.69% of 50 DAV
50 DAV is 175,600
$18.61
-4.78%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/25/2013 5:49:36 PM
G - Encountered distributional pressure today with a loss on higher volume. Prior highs and its 50 DMA line define important support to watch on pullbacks.
>>> 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  
$24.20 +0.29
1.21%

$24.60

423,617
80.89% of 50 DAV
50 DAV is 523,700
$24.00
0.83%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/25/2013 5:55:12 PM
Y - Finished near the session high today with a solid gain backed by only +19% above average volume. Convincing volume-driven gains above its pivot point cited based on its May 2012 high plus 10 cents may signal the beginning of a substantial leg higher.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2013. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$103.29 +0.95
0.93%

$103.53

449,579
37.95% of 50 DAV
50 DAV is 1,184,800
$106.98
-3.45%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/24/2013 5:36:05 PM
Y- Today's gain was backed by +67% above average volume, however it remains below the pivot point. Gains above the pivot point with volume at least +40% above average are needed to trigger a proper technical buy signal. Recent insider buying while trading near its highs has been noted as an encouraging sign.
>>> 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  
$37.36 +0.49
1.33%

$37.63

1,844,438
75.51% of 50 DAV
50 DAV is 2,442,500
$38.10
-1.94%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/25/2013 12:56:07 PM
G - Perched near its 52-week high and stubbornly holding its ground. Extended from a sound base after volume-driven gains lifted it above its "max buy" level. Prior highs in the $34 area and its 50 DMA line define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. 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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