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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 3RD, 2018
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +54.45 26,828.39 +0.20% Volume 874,104,100 +8% Volume 3,043,983,400 +29%
NASDAQ +25.54 8,025.09 +0.32% Advancers 1,475 49% Advancers 1,900 62%
S&P 500 +2.08 2,925.51 +0.07% Decliners 1,527 51% Decliners 1,168 38%
Russell 2000 +15.25 1,671.29 +0.92% 52 Wk Highs 73   52 Wk Highs 49  
S&P 600 +9.33 1,044.75 +0.90% 52 Wk Lows 262   52 Wk Lows 112  

Major Indices Underpinned by Gains in Financial Groups

Stocks finished higher Wednesday. The Dow climbed 54 points to 26828, while the S&P 500 gained 2 points to 2925. The Nasdaq Composite added 25 points to 8025. The volume totals reported were higher on the NYSE and on the Nasdaq exchange versus the prior session. Advancers led decliners by more than a 3-2 margin on the Nasdaq exchange while decliners led advancers by a narrow margin on the NYSE. There were 22 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 12 on the prior session. New 52-week lows solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices (M criteria) remain in a confirmed uptrend but with a recent reduction noted in the number of stocks hitting new highsThFeatured Stocks Page provides the most timely analysis on high-ranked leaders.
Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line, perched near its record high, and up +16.25% year-to-date.

The major averages advanced as robust economic data spurred a Treasury sell-off. On the data front, a report showed private payrolls increased by 230,000 in September, above consensus estimates of 184,000, and the biggest monthly increase since February. Additionally, separate releases from both the ISM and research firm revealed activity in the service sector expanded more than expected in September. The ISM reading marked the highest level since August 1997. Global investor sentiment seemingly received a boost from reports that the Italian government is willing to shrink its deficit target gradually over a three year period. In the central bank space, Fed Chair Jerome Powell delivered remarks in Washington.

Treasuries weakened with the yield on the 10-year note jumping 11 basis points to 3.16%, the highest level since 2011. The yield on the 30-year bond soared to its best level since 2014, gaining 12 basis points to 3.32%.

Financials paced gains with bank stocks up the most in sympathy with higher treasury yields. Industrials and Energy stocks also provided a tailwind to the market. The Utilities and Consumer Staples groups lagged the broader market advance.

In commodities, WTI crude added 1.3% to $76.19/barrel. COMEX gold fell 0.4% to $1,197.60/ounce amid a stronger dollar.

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, Tech, and Energy-Linked Groups Rose

Financial stocks did some of the important heavy lifting as the Bank Index ($BKX +1.51%) and the Broker/Dealer Index ($XBD +1.62%) rose. ThRetail Index ($RLX -0.63%) created a drag on the major averages. The tech sector had a positive bias as the Biotech Index ($BTK +0.36%) and Networking Index ($NWX +0.53%) both outpaced the Semiconductor Index ($SOX +0.11%)The Oil Services Index ($OSX +0.97%) and the Integrated Oil Index ($XOI +1.31%) also posted solid gains, meanwhile, the Gold & Silver Index ($XAU -1.24%) fell  

Charts courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX +0.53%) found support at its 50-day moving average (DMA) line. 

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  153.48 +1.47 +0.97% +2.63%
Integrated Oil $XOI  1,600.12 +20.69 +1.31% +19.81%
Semiconductor $SOX  1,372.40 +1.53 +0.11% +9.52%
Networking $NWX  559.50 +2.94 +0.53% +14.06%
Broker/Dealer $XBD  270.27 +4.30 +1.62% +1.90%
Retail $RLX  2,381.98 -15.05 -0.63% +37.39%
Gold & Silver $XAU  66.15 -0.83 -1.24% -22.42%
Bank $BKX  106.40 +1.59 +1.52% -0.29%
Biotech $BTK  5,324.61 +19.11 +0.36% +26.11%


Found Support at 50-Day Average After Slump Into Prior Base

ServiceNow Inc's (NOW +$3.30 or +1.71% to $196.20) volume totals have been cooling while consolidating above its 50-day moving average (DMA) line ($190.19). The recent low ($182.73 on 9/19/18) defines additional near-term support above prior lows and its 200 DMA line. 

It was last shown in this FSU section on 8/17/18 with an annotated graph under the headline, "Slump Below 50-Day Average Line Raises Concerns". NOW was first highlighted in yellow with pivot point cited based on its 3/14/18 high plus 10 cents in the earlier mid-day report (read here).

Fundamentals remain strong. Recently it reported earnings +123% on +41% sales revenues for the Jun '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.

The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,309 in Jun '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.

Charts courtesy 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
OSBC - NASDAQ
Old Second Bancorp Inc
BANKING - Regional - Midwest Banks  
$15.55 +0.42
2.78%

$15.61

130,408
131.20% of 50 DAV
50 DAV is 99,400
$16.30
-4.60%
9/24/2018 $15.38 PP = $16.40
MB = $17.22
Most Recent Note - 10/3/2018 6:23:03 PM
Y - Rebounded above its 50 DMA line ($15.36) with today's solid volume-driven gain. Prior lows and its 200 DMA line define additional near-term support. Its Relative Strength Rating is 77, below the 80+ minimum guideline for buy candidates. Met stubborn resistance after hitting a new high on 7/26/18 with a big volume-driven gain. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Bank Perched Less Than -5% Off Record High - 8/23/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SIVB - NASDAQ
S V B Financial Group
BANKING - Regional - Pacific Banks  
$321.39 +14.44
4.70%

$322.32

487,089
119.38% of 50 DAV
50 DAV is 408,000
$333.74
-3.70%
8/6/2018 $314.77 PP = $329.75
MB = $346.24
Most Recent Note - 10/2/2018 11:44:47 AM
G - Color code is changed to green while slumping below its 50 DMA line ($319) and below the prior low raising concerns. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume are necessary to trigger a convincing new technical buy signal.
>>> FEATURED STOCK ARTICLE : Bank Posted Quiet Gain for a Best-Ever Close - 8/27/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
GMED - NYSE
Globus Medical Inc Cl A
CHEMICALS - Specialty Chemicals  
$52.73 -0.75
-1.40%

$53.74

492,036
83.97% of 50 DAV
50 DAV is 586,000
$57.55
-8.38%
9/26/2018 $56.11 PP = $57.65
MB = $60.53
Most Recent Note - 10/2/2018 6:10:48 PM
Y - Big loss today on higher volume was action indicative of distributional pressure. It was highlighted in yellow with pivot point cited based on its 6/06/18 high plus 10 cents in the 9/26/18 mid-day report. Subsequent gains above the pivot point backed by more than +40% above average volume are needed to trigger a proper technical buy signal. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter. The Medical - Products firm has technology to treat patients with spine disorders. Reported earnings +38% on +14% sales revenues for the Jun '18 quarter, its 2nd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been steady.
>>> FEATURED STOCK ARTICLE : Rallying Near Pivot Point With Volume-Driven Gains - 9/26/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ZBRA - NASDAQ
Zebra Tech Corp Cl A
COMPUTER HARDWARE - Computer Peripherals  
$169.41 +0.42
0.25%

$171.13

338,707
91.79% of 50 DAV
50 DAV is 369,000
$179.47
-5.61%
8/7/2018 $164.26 PP = $161.82
MB = $169.91
Most Recent Note - 10/1/2018 6:09:08 PM
G - Consolidating near its all-time high. Its 50 DMA line ($163.79) and prior high in the $161 area define near term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High With Strong Fundamentals - 9/24/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$137.44 +0.72
0.53%

$138.22

199,941
46.39% of 50 DAV
50 DAV is 431,000
$144.19
-4.68%
7/5/2018 $123.70 PP = $131.85
MB = $138.44
Most Recent Note - 10/2/2018 11:13:04 AM
Y - Still quietly sputtering below its "max buy" level. Volume totals have been cooling in recent weeks after a bout of distributional pressure. Its 50 DMA line ($136) and recent low ($134.59 on 9/07/18) define important near-term support. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Tech Services Firm Remains Fundamentally and Technically Strong - 8/20/2018
 |  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
IRBT - NASDAQ
Irobot Corp
CONSUMER DURABLES - Electronic Equipment  
$107.65 +1.55
1.46%

$109.40

346,650
35.48% of 50 DAV
50 DAV is 977,000
$118.75
-9.35%
8/29/2018 $112.07 PP = $109.88
MB = $115.37
Most Recent Note - 10/2/2018 6:07:22 PM
Y - Slumped below its pivot point raising concerns again with today's big loss on light volume. Prior low ($99.73 on 9/07/18) defines important near-term support to watch along with its 50 DMA line ($99.29). Very little resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Household Appliance Maker Rallied From Choppy Base - 8/29/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
TSC - NASDAQ
TriState Capital Hld Inc
CONSUMER NON-DURABLES - Personal Products  
$28.42 +0.58
2.08%

$28.50

452,368
239.35% of 50 DAV
50 DAV is 189,000
$30.10
-5.58%
9/11/2018 $29.75 PP = $30.20
MB = $31.71
Most Recent Note - 10/3/2018 12:55:35 PM
G - A rebound above the 50 DMA line ($29.00) still is needed for its outlook to improve. Its Relative Strength Rating has improved to 83. Found support near prior highs in the $27 area. While rebounding it faces resistance due to overhead supply up to the $30 level.
>>> FEATURED STOCK ARTICLE : TriState Bank Perched Near All-Time High - 9/11/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$226.10 +1.46
0.65%

$227.18

558,443
103.99% of 50 DAV
50 DAV is 537,000
$230.24
-1.80%
9/12/2018 $221.01 PP = $226.02
MB = $237.32
Most Recent Note - 10/2/2018 11:16:44 AM
Y - Perched near its record high following recent volume-driven gains. Its 50 DMA line ($218.87) defines near-term support to watch on pullbacks. New pivot point cited was based on its 7/25/18 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of New Pivot Point - 9/20/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MA - NYSE
Mastercard Inc Cl A
Finance-CrdtCard/PmtPr  
$223.13 +0.76
0.34%

$224.33

2,649,952
83.12% of 50 DAV
50 DAV is 3,188,000
$225.35
-0.99%
7/11/2018 $203.84 PP = $204.10
MB = $214.31
Most Recent Note - 10/3/2018 10:10:30 AM
G - Still stubbornly holding its ground near its all-time high, extended from any sound base. Its prior high ($214) and 50 DMA line ($211) define important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High, Extended From Any Sound Base - 9/27/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
V - NYSE
Visa Inc Cl A
Finance-CrdtCard/PmtPr  
$149.37 -0.30
-0.20%

$150.71

7,505,955
103.35% of 50 DAV
50 DAV is 7,263,000
$151.56
-1.44%
4/26/2018 $126.68 PP = $126.98
MB = $133.33
Most Recent Note - 10/2/2018 10:35:22 AM
G - Pulling back today after hitting another new all-time high on the prior session. Very extended from any sound base. Its 50 DMA line ($144) and recent low ($142.55 on 9/050/18) define important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Visa Near Record but Endured Distributional Pressure - 9/13/2018
 |  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
NANO - NASDAQ
Nanometrics Inc
ELECTRONICS - Scientific and Technical Instrum  
$36.00 -0.72
-1.96%

$36.99

402,907
91.57% of 50 DAV
50 DAV is 440,000
$48.26
-25.40%
8/13/2018 $44.17 PP = $44.27
MB = $46.48
Most Recent Note - 10/1/2018 6:06:53 PM
G - Still sputtering below its 50 DMA line ($40) after recent volume-driven losses raised concerns. Prior low ($34.72 on 6/28/18) defines important near-term support above its 200 DMA line. A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed For Outlook to Improve - 9/28/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ENV - NYSE
Envestnet Inc
FINANCIAL SERVICES - Diversified Investments  
$61.47 +0.56
0.92%

$61.87

142,755
53.67% of 50 DAV
50 DAV is 266,000
$64.80
-5.14%
6/15/2018 $57.85 PP = $60.37
MB = $63.39
Most Recent Note - 10/1/2018 6:00:19 PM
G - Color code is changed to green after slumping below its 50 DMA line ($61.12). A prompt rebound is needed for its outlook to improve. Its Relative Strength Rating has slumped to 77, below the 80+ minimum guideline for buy candidates, also raising concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Recent Support at 50-Day Moving Average - 9/21/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
TPL - NYSE
Texas Pacific Land Trust
Real Estate Dvlpmt/Ops  
$871.99 +8.05
0.93%

$877.97

12,398
95.37% of 50 DAV
50 DAV is 13,000
$874.00
-0.23%
9/14/2018 $820.45 PP = $874.10
MB = $917.81
Most Recent Note - 9/28/2018 12:38:49 PM
Y - Perched near its all-time high. Held its ground in a tight range in recent weeks. New pivot point cited was based on its 8/27/18 high plus 10 cents. Subsequent gains above the pivot point back by at least +40% above average volume may trigger a new (or add-on) technical buy signal. The recent low ($818 on 9/17/18) and 50 DMA line ($813) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Best Ever Close After a Solid Gain on Higher Volume - 9/4/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FIZZ - NASDAQ
National Beverage Corp
FOOD and BEVERAGE - Beverages - Soft Drinks  
$108.82 -1.40
-1.27%

$111.02

175,814
88.48% of 50 DAV
50 DAV is 198,700
$127.32
-14.53%
9/6/2018 $125.92 PP = $129.92
MB = $136.42
Most Recent Note - 10/1/2018 6:11:57 PM
Y - Churned heavy volume today while slumping back below its 50 DMA line ($113.56). More damaging losses below the prior low ($109.70 on 9/26/18) would raise serious concerns. Subsequent gains above the pivot point for a new high (N criteria) backed by at least +40% above average volume are still needed to trigger a proper technical buy signal. Fundamentals through Jun '18 have been strong.
>>> FEATURED STOCK ARTICLE : Strong Beverage Firm Challenges Prior High - 9/6/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ABMD - NASDAQ
Abiomed Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$426.42 -2.75
-0.64%

$431.00

469,741
74.09% of 50 DAV
50 DAV is 634,000
$459.75
-7.25%
9/25/2018 $441.96 PP = $451.03
MB = $473.58
Most Recent Note - 10/2/2018 12:08:18 PM
Y - Stalled after a recent 7 session winning streak reaching a new all-time high. Color code was changed to yellow with new pivot point cited based on its 6/20/18 high plus 10 cents in the 9/25/18 mid-day report. Subsequent gains for a new high (N criteria) above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Jun '18 quarterly earnings +73% on +36% sales revenues. The past 7 quarterly comparisons had earnings above the +25% minimum guideline (C criteria). Downturn in FY '14 annual earnings (A criteria) history was noted as a concern, yet its growth rate afterward has been great.
>>> FEATURED STOCK ARTICLE : Quick Rebound Near Prior High - 9/25/2018
 |  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
ODFL - NASDAQ
Old Dominion Fght Line
TRANSPORTATION - Trucking  
$156.79 +0.47
0.30%

$158.21

417,282
70.73% of 50 DAV
50 DAV is 590,000
$170.22
-7.89%
9/6/2018 $163.11 PP = $164.20
MB = $172.41
Most Recent Note - 10/1/2018 6:02:23 PM
Y - Undercut prior highs in the $164 area, completely negating the recent technical breakout and slumping back into the prior base. Its 50 DMA line ($153) defines near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Trucking Firm Perched at All-Time High - 9/7/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
DPZ - NYSE
Dominos Pizza Inc
Retail-Restaurants  
$286.00 +3.72
1.32%

$287.19

344,460
64.39% of 50 DAV
50 DAV is 535,000
$305.34
-6.33%
8/13/2018 $288.60 PP = $293.91
MB = $308.61
Most Recent Note - 10/3/2018 10:08:37 AM
Y - Consolidating near its 50 DMA line ($285) but again sputtering below the previously cited pivot point. The recent low ($273.63 on 9/17/18) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Pulling Back After Wedging Gains for Highs Lacked Great Volume - 9/5/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FIVE - NASDAQ
Five Below Inc
Retail-DiscountandVariety  
$121.13 -1.84
-1.50%

$124.00

842,986
93.04% of 50 DAV
50 DAV is 906,000
$136.13
-11.02%
7/6/2018 $98.90 PP = $104.09
MB = $109.29
Most Recent Note - 10/2/2018 6:05:26 PM
G - Slumped to a 3 week low. Still consolidating well above its 50 DMA line ($114.81) and prior high ($109.09 on 7/19/18) defining near-term support to watch. Earnings rose +40% on +23% sales revenues for the Jul '18 quarter, continuing its strong earnings track record. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retreating After +138% Rally in Under 12 Months - 10/2/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NOW - NYSE
Servicenow Inc
Computer Sftwr-Enterprse  
$196.20 +3.30
1.71%

$198.31

1,577,973
83.62% of 50 DAV
50 DAV is 1,887,000
$206.30
-4.89%
8/24/2018 $193.83 PP = $194.91
MB = $204.66
Most Recent Note - 10/3/2018 6:21:41 PM
Y - Volume totals have been cooling while consolidating above its 50 DMA line ($190). Recent low ($182.73 on 9/19/18) defines important near-term support above prior lows and its 200 DMA line. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average After Slump Into Prior Base - 10/3/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$83.00 -0.49
-0.59%

$83.79

81,418
95.79% of 50 DAV
50 DAV is 85,000
$92.75
-10.51%
6/15/2018 $7,070.00 PP = $72.00
MB = $75.60
Most Recent Note - 10/3/2018 10:05:58 AM
G - Recently sputtering below its 50 DMA line ($85.76). Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Remains Perched Near All-Time High Following Offering - 8/21/2018
 |  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
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$221.30 -1.44
-0.65%

$226.43

725,652
58.90% of 50 DAV
50 DAV is 1,232,000
$239.50
-7.60%
6/12/2018 $206.55 PP = $214.69
MB = $225.42
Most Recent Note - 10/2/2018 6:14:02 PM
Y - Color code is changed to yellow after pulling back below its "max buy" level with a streak of 6 consecutive losses on lighter volume. Its 50 DMA line ($220.31) and prior high ($219.38 on 7/13/18) define important near term support to watch where subsequent violations would raise greater concerns. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High With Volume Totals Cooling - 9/17/2018
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$85.63 +1.46
1.73%

$86.05

206,374
60.34% of 50 DAV
50 DAV is 342,000
$98.30
-12.89%
8/31/2018 $91.05 PP = $98.40
MB = $103.32
Most Recent Note - 10/2/2018 11:48:03 AM
G - Color code is changed to green while slumping further below its 50 DMA line ($89) raising concerns. The recent low ($82.91 on 8/15/18) defines the next important near term support to watch. A rebound above the 50 DMA line is needed for its outlook to improve. Subsequent volume-driven gains above the pivot point are needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Cloud Security Firm Faces Some Near Term Resistance - 9/3/2018
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ANET - NYSE
"Arista Networks, Inc"
TELECOMMUNICATIONS - Communication Equipment  
$261.43 +5.28
2.06%

$262.56

588,726
50.05% of 50 DAV
50 DAV is 1,176,200
$313.37
-16.57%
8/24/2018 $308.26 PP = $311.77
MB = $327.36
Most Recent Note - 10/3/2018 10:02:47 AM
G - Sputtering below its 200 DMA line ($266) raising serious concerns. Only a prompt rebound above its 50 DMA line ($273) would help its outlook improve. Relative Strength Rating has slumped to 75. Faces near-term resistance due to overhead supply up to the $313 level.
>>> FEATURED STOCK ARTICLE : Considerable Gap Up Gain With Heavy Volume - 8/24/2018
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PAYC - NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$147.60 +0.68
0.46%

$149.81

749,074
93.87% of 50 DAV
50 DAV is 798,000
$164.08
-10.04%
8/1/2018 $122.87 PP = $118.55
MB = $124.48
Most Recent Note - 10/2/2018 6:08:33 PM
G - Retreating from its all-time high, still very extended from any sound base. Its 50 DMA line ($143.31) defines near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Very Extended From Base After Impressive Rally - 9/18/2018
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GRUB - NYSE
Grubhub Inc
INTERNET - Content  
$135.24 -1.75
-1.28%

$137.74

957,655
66.83% of 50 DAV
50 DAV is 1,433,000
$149.35
-9.45%
8/24/2018 $138.44 PP = $141.16
MB = $148.22
Most Recent Note - 10/2/2018 6:16:32 PM
Y - Still finding support above its 50 DMA line ($135.03). The recent low ($132.15 on 9/24/18) helps define important near-term support Recent gains lacked great volume conviction. 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.
>>> FEATURED STOCK ARTICLE : Wedged Higher Then Fell Below Pivot Point With Heavier Volume - 9/19/2018
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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
HQY - NASDAQ
Healthequity Inc
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$93.44 +1.40
1.52%

$94.02

416,862
57.34% of 50 DAV
50 DAV is 727,000
$99.99
-6.55%
8/13/2018 $82.39 PP = $83.44
MB = $87.61
Most Recent Note - 10/1/2018 6:05:36 PM
G - Extended from any sound base. Consolidating well above its 50 DMA line ($88.05) and prior highs in the $82-83 area defining near-term support to watch.
>>> FEATURED STOCK ARTICLE : Very Extended From Any Sound Base After Streak of Gains - 9/10/2018
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PYPL - NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr  
$87.15 +0.47
0.54%

$87.95

6,540,879
83.59% of 50 DAV
50 DAV is 7,825,000
$93.70
-6.99%
7/23/2018 $89.24 PP = $87.55
MB = $91.93
Most Recent Note - 10/1/2018 6:19:38 PM
G - Color code is changed to green while slumping below its 50 DMA line ($88.45). Only a prompt rebound would help its outlook improve. The next important support is at its 200 DMA line ($81.96) and prior lows in the $80-81 area.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Near High - 9/12/2018
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OLLI - NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety  
$92.02 -1.59
-1.70%

$94.46

929,325
153.35% of 50 DAV
50 DAV is 606,000
$97.61
-5.73%
7/12/2018 $74.43 PP = $77.60
MB = $81.48
Most Recent Note - 10/3/2018 12:39:09 PM
G - Pulling back from its all-time high after getting very extended from any sound base. Its 50 DMA line ($82.62) defines near-term support above prior highs in the $77 area. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hitting New Highs With More Volume-Driven Gains - 8/22/2018
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NOVT - NASDAQ
Novanta Inc
Elec-Scientific/Msrng  
$67.30 +0.39
0.58%

$67.53

148,375
68.38% of 50 DAV
50 DAV is 217,000
$78.85
-14.65%
7/12/2018 $65.90 PP = $68.10
MB = $71.51
Most Recent Note - 10/3/2018 10:04:22 AM
G - Still sputtering below its 50 DMA line ($71.24), and a rebound above that important short-term average is needed for its outlook to improve. Raised concerns while also undercutting prior highs in the $68-69 area triggering technical sell signals.
>>> FEATURED STOCK ARTICLE : Electronic Systems Leader is Extended From Prior Base - 8/30/2018
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TEAM - NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs  
$92.90 -0.70
-0.75%

$94.59

1,929,540
130.02% of 50 DAV
50 DAV is 1,484,000
$98.21
-5.41%
7/27/2018 $73.73 PP = $68.85
MB = $72.29
Most Recent Note - 10/1/2018 6:22:09 PM
G - Hit a new all-time high today but reversed into the red, ending a 5-session winning streak. Extended from any sound base. The 50 DMA line ($83.23) defines near-term support to watch on pullbacks. Fundamentals through Jun '18 have been strong.
>>> FEATURED STOCK ARTICLE : Extended From Base and Hitting Another New High - 9/14/2018
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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
SEND - NYSE
Sendgrid Inc
INTERNET - Content  
$35.51 +1.17
3.41%

$35.71

545,548
60.55% of 50 DAV
50 DAV is 901,000
$38.66
-8.15%
8/13/2018 $32.20 PP = $32.13
MB = $33.74
Most Recent Note - 10/1/2018 6:16:27 PM
G - Extended from any sound base. Its 50 DMA line ($33.13) and prior highs in the $32 area define near term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base Following Rally - 10/1/2018
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