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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 23RD, 2013
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Indices NYSE Nasdaq
DOW  -54.33 15,413.33 -0.35% Volume 708,378,480 -6% Volume 1,824,755,020 +0%
NASDAQ -22.50 3,907.07 -0.57% Advancers 1,360 44% Advancers 1,003 38%
S&P 500 -8.29 1,746.38 -0.47% Decliners 1,643 53% Decliners 1,539 58%
Russell 2000 -4.70 1,110.93 -0.42% 52 Wk Highs 148   52 Wk Highs 152  
S&P 600 -1.80 632.08 -0.28% 52 Wk Lows 10   52 Wk Lows 22  

Leadership Waned as Major Averages Quietly Pulled Back

The major averages fell on Wednesday. The volume total was reported lighter on the NYSE while the volume on the Nasdaq exchange was near the prior session's volume totals. Breadth was negative as decliners led advancers by an 8-7 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 42 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down abruptly from 138 stocks on the prior session. The list of stocks hitting new 52-week highs contracted yet still outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 8 of the 27 high-ranked companies currently included on the Featured Stocks Page, a list that has recently been expanding.

 

The S&P 500 fell 8 points from its record high to close at 1,746.  The major averages finished lower amid concerns China's central bank may start tightening liquidity to temper the risk of inflation. Data on the U.S. economy was limited to a report that showed import prices grew +0.2% in September, in-line with the consensus estimate.  Market weakness was also attributed to a mixed bag of earnings releases. Treasuries were higher with the 10-year note up 5/32 to yield 2.49%.

Caterpillar Inc (CAT -6.1%) fell after posting a profit shortfall and cutting its full-year forecast. Shares of Broadcom Corp (BRCM -2.87%) sank after reducing its profit outlook. Boeing Co (BA +5.34%) rallied as quarterly results beat estimates and the company raised its full-year forecast. Norfolk Southern Co (NSC +6.77%) chugged higher after reporting an earnings beat.

All 10 sectors in the S&P 500 were down on the session with energy and financials the worst performing groups. EOG Resources Inc (EOG -3.62%) and Bank of America Corp (BAC -2.1%) fell. Corning Inc (GLW +14.14%) was a notable gainer, rallying after announcing a $2 billion share buyback and agreeing to purchase Samsung's stake in a joint venture. 

The market (M criteria) has established a confirmed uptrend. Disciplined investors might watch for opportunities to make proper new buying efforts. The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a new 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. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Dow Jones Industrial Average is perched -1.9% off its all-time high. It rallied from support at its longer-term 200-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.


Commodity-Linked Groups and Tech Groups Led Decliners

The Semiconductor Index ($SOX -3.35%) and Networking Index ($NWX -2.43%) suffered big losses leading the tech sector lower while the Internet Index ($IIX -0.95%) showed a smaller loss and the Biotechnology Index ($BTK +0.38%) eked out a small gain.  Commodity-linked groups were also hit with bug losses as the Gold & Silver Index ($XAU -2.62%), Oil Services Index ($OSX -2.23%), and the Integrated Oil Index ($XOI -1.23%) sank. While the Retail Index ($RLX -0.20%) did a better job of holding its ground, influential financial shares created a drag on the major averages as the Bank Index ($BKX -0.72%) and Broker/Dealer Index ($XBD -0.62%) finished modestly lower. The Healthcare Index ($HMO -1.57%) also slumped on the mostly negative session.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -1.23%) is consolidating above prior highs after rallying to new 2013 highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  283.40 -6.46 -2.23% +28.72%
Healthcare $HMO  3,442.83 -54.86 -1.57% +36.94%
Integrated Oil $XOI  1,445.10 -17.95 -1.23% +16.37%
Semiconductor $SOX  490.11 -17.01 -3.35% +27.61%
Networking $NWX  295.03 -7.34 -2.43% +30.23%
Internet $IIX  426.66 -4.08 -0.95% +30.48%
Broker/Dealer $XBD  140.73 -0.88 -0.62% +49.19%
Retail $RLX  866.97 -1.78 -0.20% +32.76%
Gold & Silver $XAU  95.35 -2.57 -2.62% -42.42%
Bank $BKX  64.68 -0.47 -0.72% +26.13%
Biotech $BTK  2,179.36 +8.33 +0.38% +40.87%


Fundamental and Technical Deterioration Raising Concerns

Eagle Bancorp Inc (EGBN -$0.62 or -2.20% to $27.62) reported earnings +10% on +8% sales revenues for the Sep '13 quarter versus the year ago period, raising fundamental concerns with results below the +25% minimum earnings guideline (C criteria). It pulled back three days in a row and had above average volume while retreating from its 52-week high. Recent lows and its 50-day moving average (DMA) line define near-term support. Due to weakening fundamentals and technicals, disciplined investors might be ready to make an exit and be on the watch for stronger buy candidates in the days ahead.

EGBN was last shown in this FSU section on 9/16/13 with an annotated graph under the headline, "Finished Lower After 'Negative Reversal'", after highlighted in yellow with a pivot point based on its 7/25/13 high plus 10 cents in the earlier mid-day report (read here). Subsequent volume-driven gains helped it rally beyond its pivot point and it was noted as extended from the prior base after eventually rallying beyond its "max buy" level. Not long ago it reported earnings +33% on +15% sales revenues for the Jun '13 quarter. Prior mid-day reports noted - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years." 

The number of top-rated funds owning its shares rose from 134 Sep '12 to 164 in Sep '13, a reassuring trend concerning the I criteria. 


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  
$23.14 -1.21
-4.97%

$24.24

611,124
76.49% of 50 DAV
50 DAV is 799,000
$26.56
-12.86%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 10/23/2013 6:12:54 PM
G - Violated its 50 DMA line with today's loss on light volume, finishing -12.9% off its 52-week high. Color code is changed to green and a rebound above its 50 DMA line is again needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Valid Secondary Buy Point After Resilient at 10-Week Moving Average - 10/21/2013
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   Daily Graphs Online Stock Checkup
BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$25.61 -0.28
-1.08%

$26.25

865,183
128.18% of 50 DAV
50 DAV is 675,000
$26.52
-3.43%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 10/22/2013 12:08:19 PM
G - Churning above average volume today and it touched yet another new high. Recently noted - "It may go on to produce more climactic gains, however it is very extended from its prior base. Prior highs in the $18 area define initial support to watch on pullbacks."
>>> FEATURED STOCK ARTICLE : Volume-Driven Gains Cleared Latest Pivot Point - 10/2/2013
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   Daily Graphs Online Stock Checkup
BLOX - NYSE
Infoblox Inc
COMPUTER HARDWARE - Networking and Communication Dev  
$45.78 -2.29
-4.76%

$47.90

1,081,089
138.46% of 50 DAV
50 DAV is 780,800
$48.97
-6.51%
10/11/2013 $43.02 PP = $45.60
MB = $47.88
Most Recent Note - 10/23/2013 12:01:47 PM
Y - Abruptly retreating from its new 52-week high with today's considerable loss. Prior highs in the $45 area define initial support to watch. Disciplined investors avoid chasing "extended" stocks and limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Finished Another Week Higher With Volume Behind Gains - 10/11/2013
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   Daily Graphs Online Stock Checkup
CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$160.00 -0.84
-0.52%

$160.67

2,381,968
91.05% of 50 DAV
50 DAV is 2,616,000
$161.64
-1.02%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 10/17/2013 4:08:28 PM
G - Wedged above its "max buy" level and its color code is changed to green after inching higher on light volume for a 6th consecutive small gain and a new all-time high. Found support at its 50 DMA line last week as it did on prior pullbacks. The recent low ($143.13 on 10/09/13) defines important near-term support where a subsequent violation may trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain Challenging New Pivot Point - 9/20/2013
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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.62 -0.62
-2.20%

$28.06

85,909
122.03% of 50 DAV
50 DAV is 70,400
$29.92
-7.69%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 10/23/2013 6:10:21 PM
G - Color code is changed to green after fundamental and technical deterioration has raised concerns. See the latest FSU analysis for more details and new annotated daily and weekly graphs. Recent lows and its 50 DMA line define near-term support.
>>> FEATURED STOCK ARTICLE : Fundamental and Technical Deterioration Raising Concerns - 10/23/2013
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   Daily Graphs Online Stock Checkup
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
EGOV - NASDAQ
N I C Inc
INTERNET - Internet Software and Services  
$24.67 -0.05
-0.20%

$24.85

223,784
73.86% of 50 DAV
50 DAV is 303,000
$25.99
-5.08%
10/18/2013 $25.17 PP = $23.66
MB = $24.84
Most Recent Note - 10/21/2013 6:40:54 PM
Y - Hit another new high today then reversed to close in the red, finishing near the session low with a loss on above average volume. See the latest FSU analysis for an annotated weekly graph. Volume was more than 3 times average behind the technical breakout from a "double bottom" base on the prior session.
>>> FEATURED STOCK ARTICLE : Technical Breakout From "Double Bottom" Base on 3 Times Average Volume - 10/18/2013
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   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$111.09 -2.27
-2.00%

$112.52

604,630
84.98% of 50 DAV
50 DAV is 711,500
$114.16
-2.69%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 10/23/2013 6:01:03 PM
G - Perched at its all-time high, extended from any sound base. Found prompt support near its 50 DMA line that helped its outlook after enduring distributional pressure.
>>> FEATURED STOCK ARTICLE : Extended After 13 Weekly Gains in Span of 14 Weeks - 10/7/2013
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GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$41.85 +0.30
0.72%

$41.93

959,128
143.82% of 50 DAV
50 DAV is 666,900
$44.30
-5.53%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 10/17/2013 12:35:53 PM
G - Prior lows in $39 area define important near-term support. Wedging higher with gains lacking great volume conviction, approaching its 50 DMA line which is now downward sloping and may act as resistance. A rebound above the 50 DMA line is needed to help its outlook and technical stance improve. Its Relative Strength rank has slumped to 79, below the 80+ minimum guideline for buy candidates. Disciplined investors limit losses by selling if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Pullback Following Friday's Technical Buy Signal - 9/23/2013
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JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$91.63 +1.12
1.24%

$92.43

748,815
107.37% of 50 DAV
50 DAV is 697,400
$93.84
-2.36%
9/30/2013 $93.20 PP = $89.10
MB = $93.56
Most Recent Note - 10/22/2013 4:04:03 PM
Y- Rebounded above its 50 DMA line with above average volume behind today's 5th consecutive gain and its color code is changed to yellow as its technical stance has improved. Held its ground after a damaging loss and technical sell signal noted on 10/08/13.
>>> FEATURED STOCK ARTICLE : Strong Finish With High Volume Indicative of Accumulation - 9/30/2013
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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$77.60 -1.10
-1.40%

$78.49

2,829,682
93.41% of 50 DAV
50 DAV is 3,029,200
$78.83
-1.56%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 10/17/2013 4:04:11 PM
G - Churned heavy volume today and finished with a loss while consolidating near its 50 DMA line. Found prompt support near that short-term average after a damaging loss on 10/08/13 triggered a technical sell signal. Recent low ($70.59 on 10/09/13) defines the next important near-term support area above prior highs in the $66 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Additional Volume-Driven Gains - 9/27/2013
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   Daily Graphs Online Stock Checkup
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
LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$43.66 +1.04
2.44%

$44.05

551,504
174.14% of 50 DAV
50 DAV is 316,700
$43.15
1.19%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 10/23/2013 5:56:30 PM
G - Volume-driven gain today for another new all-time high. Fundamental concerns remain while technical action has been reassuring.
>>> FEATURED STOCK ARTICLE : Formed Advanced Base But Fundamental Concerns Remain - 10/14/2013
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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$26.44 -0.30
-1.12%

$27.31

29,519
90.00% of 50 DAV
50 DAV is 32,800
$27.38
-3.43%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 10/23/2013 5:58:37 PM
G - Paused today at its 52-week high after 5 consecutive gains without great volume conviction. Found support at its 50 DMA line on the last pullback. Subsequent losses below the recent low ($23.25) would trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Faring Better Than Others While Testing 50-Day Average Line - 10/8/2013
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NOAH - NYSE
Noah Holdings Ltd Ads
FINANCIAL SERVICES - Asset Management  
$19.64 +0.27
1.39%

$20.55

1,284,767
175.75% of 50 DAV
50 DAV is 731,000
$22.99
-14.57%
10/15/2013 $19.10 PP = $18.33
MB = $19.25
Most Recent Note - 10/22/2013 3:54:01 PM
Y - Pulling back today for a 3rd consecutive loss following a "negative reversal" at its 52-week high after an impressive streak of volume-driven gains. Prior highs in the $18 area define initial support to watch.
>>> FEATURED STOCK ARTICLE : Finished Strong With Gain on 4 Times Average Volume - 10/15/2013
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NQ - NYSE
Nq Mobile Inc Ads
COMPUTER SOFTWARE and SERVICES - Application Software  
$22.88 -0.96
-4.03%

$23.71

4,638,286
122.76% of 50 DAV
50 DAV is 3,778,400
$25.90
-11.66%
10/22/2013 $23.31 PP = $26.00
MB = $27.30
Most Recent Note - 10/23/2013 6:14:13 PM
Y - Pulled back today for a 3rd consecutive loss while forming an advanced "ascending base" pattern. Subsequent volume-driven gains above its pivot point cited may trigger a technical buy signal. See the latest FSU analysis for more details with annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Pullbacks Give Look of Advanced Ascending Base Pattern - 10/22/2013
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OII - NYSE
Oceaneering Intl Inc
ENERGY - Oil and Gas Drilling and Explorati  
$83.00 -3.03
-3.52%

$85.07

638,889
102.88% of 50 DAV
50 DAV is 621,000
$87.64
-5.29%
10/16/2013 $83.08 PP = $84.74
MB = $88.98
Most Recent Note - 10/23/2013 6:15:29 PM
Y - Gapped down today and slumped back under its pivot point, closing back in the prior base and raising concerns. Prior highs in the $84 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Forming Set-Up Above 50-Day Moving Average Line - 10/16/2013
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   Daily Graphs Online Stock Checkup
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
PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,065.97 -9.66
-0.90%

$1,078.06

484,298
86.99% of 50 DAV
50 DAV is 556,700
$1,098.70
-2.98%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 10/22/2013 12:51:42 PM
G - It is extended from any sound base. Found support near its 50 DMA line after enduring damaging distributional losses.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs With Gains Lacking Volume Conviction - 9/19/2013
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   Daily Graphs Online Stock Checkup
PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$61.18 -0.47
-0.76%

$61.74

209,934
48.95% of 50 DAV
50 DAV is 428,900
$62.40
-1.96%
10/17/2013 $60.75 PP = $61.70
MB = $64.79
Most Recent Note - 10/18/2013 5:16:37 PM
Y - Wedged to a new 52-week high with today's 3rd consecutive gain lacking great volume conviction. Pivot point cited was based on its 9/26/13 high plus 10 cents after forming an advanced "3-weeks tight" base. Subsequent volume-driven gains may clinch a proper new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Wedging to New Highs With Gains Lacking Volume Conviction - 9/26/2013
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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$84.12 +0.69
0.83%

$84.38

352,450
103.72% of 50 DAV
50 DAV is 339,800
$87.93
-4.33%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 10/22/2013 3:55:55 PM
G - Hit a new 52-week high today then reversed into the red for a loss with above average volume after 3 consecutive gains into new high territory. Extended from a sound base after rallying since finding prompt support at its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Extended Following Additional Volume-Driven Gains - 9/25/2013
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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$53.87 -0.68
-1.25%

$54.10

1,746,285
127.88% of 50 DAV
50 DAV is 1,365,600
$59.50
-9.46%
10/17/2013 $58.02 PP = $53.87
MB = $56.56
Most Recent Note - 10/21/2013 6:37:38 PM
Y - Pulled back today on lighter than average volume following considerable volume-driven gains to new highs. Prior highs in the $53 area define initial support to watch.
>>> FEATURED STOCK ARTICLE : Following Great Rally No New Base Has Been Formed - 10/1/2013
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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$38.81 -0.36
-0.92%

$38.89

131,579
32.34% of 50 DAV
50 DAV is 406,800
$39.94
-2.83%
10/22/2013 $39.17 PP = $40.04
MB = $42.04
Most Recent Note - 10/22/2013 7:37:42 PM
Y - New pivot point is cited based on its 9/18/13 high plus 10 cents and its color code is changed to yellow. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Perched near its 52-week high after 5 consecutive gains on light volume. Completed a Secondary Offering on 9/20/13 while perched at all-time highs.
>>> FEATURED STOCK ARTICLE : Finding Support Near 50-Day Average After Secondary Offering - 10/4/2013
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   Daily Graphs Online Stock Checkup
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
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$107.32 -2.08
-1.90%

$108.58

616,866
53.70% of 50 DAV
50 DAV is 1,148,700
$113.49
-5.43%
10/11/2013 $102.94 PP = $105.38
MB = $110.65
Most Recent Note - 10/22/2013 7:42:13 PM
Y - Recently paused near its "max buy" level after rallying from a "double bottom" base with gains backed by above average but not especially strong volume. Gains must have at least +40% above average volume to trigger a proper technical buy signal, so confirming gains with higher volume would be a welcome reassurance in the days to come.
>>> FEATURED STOCK ARTICLE : Faltering and Relative Strength Waning After Offering - 10/9/2013
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STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$42.34 -2.79
-6.18%

$45.09

198,616
201.03% of 50 DAV
50 DAV is 98,800
$47.21
-10.32%
9/24/2013 $45.54 PP = $46.57
MB = $48.90
Most Recent Note - 10/23/2013 6:08:26 PM
G - Color code is changed to green as it violated its 50 DMA line today with a damaging volume-driven loss triggering a technical sell signal, and it ended near the session low while slumping badly in the final half hour. Although no resistance remains due to overhead supply, it has retreated into the prior base after a recent technical buy signal was noted.
>>> FEATURED STOCK ARTICLE : Forming New Set-Up After 50-Day Average Acted as Support - 9/24/2013
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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$18.58 -0.16
-0.85%

$18.80

76,845
42.41% of 50 DAV
50 DAV is 181,200
$19.14
-2.93%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 10/22/2013 7:43:14 PM
G - Touched a new 52-week high today then reversed into the red. Recent lows in the $17.25 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure While Consolidating Above Prior Highs - 10/3/2013
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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$24.30 +0.45
1.89%

$24.51

1,437,296
236.20% of 50 DAV
50 DAV is 608,500
$26.05
-6.72%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 10/23/2013 1:05:29 PM
Y - Gapped down today yet managed a positive reversal and it is trading near its "max buy" level. Prior lows and its 50 DMA line define important near-term support in the $22.50 area where violations would raise serious concerns.
>>> FEATURED STOCK ARTICLE : Gains Today Lacked Volume Conviction of Institutional Demand - 9/17/2013
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ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$149.17 -1.35
-0.90%

$150.56

118,131
89.22% of 50 DAV
50 DAV is 132,400
$152.55
-2.22%
10/16/2013 $142.95 PP = $151.18
MB = $158.74
Most Recent Note - 10/18/2013 5:12:48 PM
Y - Rallied near its best-ever close with and finished near the session high with a solid gain backed by +36% above average volume. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. See the latest FSU analysis for more details and annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Hovering Less Than -5% From 52-Week High - 10/17/2013
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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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$114.37 +1.84
1.64%

$114.60

1,162,377
104.78% of 50 DAV
50 DAV is 1,109,400
$115.40
-0.89%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 10/17/2013 4:00:18 PM
G- Inching higher with light volume, poised for a best-ever close and its color code is changed to green. Found support above prior highs defining important support in the $105 area.
>>> FEATURED STOCK ARTICLE : Found Support Above Prior Highs on Pullback - 10/10/2013
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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$41.00 +0.33
0.81%

$41.20

2,679,958
107.63% of 50 DAV
50 DAV is 2,489,900
$42.00
-2.38%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 10/18/2013 5:14:19 PM
G - Hit another new 52-week high today with a gap up and volume-driven gain. Extended from any sound base. Found prompt support above prior highs in the $34 area and its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Gains Lacked Volume Conviction While Hitting New Highs - 9/18/2013
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