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AFTER MARKET UPDATE - MONDAY, NOVEMBER 10TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+39.81 |
17,613.74 |
+0.23% |
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Volume |
699,268,730 |
-8% |
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Volume |
1,701,578,260 |
-2% |
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NASDAQ |
+19.09 |
4,651.62 |
+0.41% |
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Advancers |
1,759 |
55% |
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Advancers |
1,725 |
60% |
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S&P 500 |
+6.34 |
2,038.26 |
+0.31% |
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Decliners |
1,323 |
41% |
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Decliners |
1,078 |
37% |
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Russell 2000 |
+6.25 |
1,179.57 |
+0.53% |
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52 Wk Highs |
208 |
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52 Wk Highs |
137 |
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S&P 600 |
+2.33 |
681.39 |
+0.34% |
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52 Wk Lows |
27 |
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52 Wk Lows |
43 |
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Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages finished higher on Monday. The volume totals were reported lighter than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by about a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 97 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 74 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 10 of the 12 high-ranked companies currently on the Featured Stocks Page, a list which recently gained several new companies as broader market conditions improved. Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria.
PICTURED: The S&P 500 Index tallied its 4th consecutive gain. ending up 6 points at a new all-time high of 2,038.
Stocks pushed higher on Monday's session. The Dow advanced 39 points to a record level of 17,613. The S&P 500 posted 4th consecutive gain, The NASDAQ climbed 19 points to 4,651.
The major averages extended last week’s gains as investors focused on generally positive earnings. Overall, 80% of S&P 500 companies that have reported quarterly results have topped analyst estimates while 60% have beaten sales projections, according to Bloomberg. Shares of Sotheby's (BID +5.1%) and 3D Systems (DDD +5.1%) rose after both companies' results exceeded consensus projections. Dean Foods (DF +13.7%) surged after posting a narrower-than-expected loss and lifted its forward guidance.
Eight of the 10 sectors in the S&P 500 were up on the session. Health care was the best performing group. Shares of AbbVie (ABBV +3.7%) and Johnson & Johnson (JNJ +0.6%) were higher as reports surfaced that over $2 billion in Ebola contracts may be awarded soon. Chevron (CVX -0.7%) ended lower as the energy group faced pressure while WTI crude closed sharply lower. .
Treasuries were lower following today’s auction of $26 billion in 3-year notes. The 10-year note was 16/32 lower to yield 2.36%.
Large gains on 10/21/14 backed by higher volume totals while leadership (stocks hitting new 52-week highs) expanded met the definition of a "follow-through day" confirming a new uptrend for the market (M criteria). The S&P 500 Index, Nasdaq Composite Index, and the Dow Jones Industrial Average have collectively rebounded above their respective 50-day and 200-day moving average (DMA) lines, technically putting the market in a healthier stance.
The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic archives" to all prior pay reports published.
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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. |
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Retail, Financial, Biotech and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.70%) and financial shares had a positive influence on the major averages on Monday as the Bank Index ($BKX +0.38%) and the Broker/Dealer Index ($XBD +0.99%) rose. The Networking Index ($NWX -1.46%) dragged on the tech sector while the Semiconductor Index ($SOX +0.75%) and the Biotechnology Index ($BTK +1.16%) posted gains. The Gold & Silver Index ($XAU -5.72%) backpedaled abruptly following an impressive 2-day bounce of +11.7%. Energy-related shares were also weak as the Oil Services Index ($OSX -1.13%) and the Integrated Oil Index ($XOI -0.78%) pulled back.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +1.16%) is consolidating after a late-October rally to new 2014 highs.
| Oil Services |
$OSX |
246.03 |
-2.81 |
-1.13% |
-12.45% |
| Integrated Oil |
$XOI |
1,462.18 |
-11.51 |
-0.78% |
-2.72% |
| Semiconductor |
$SOX |
642.25 |
+4.77 |
+0.75% |
+20.04% |
| Networking |
$NWX |
337.22 |
-4.99 |
-1.46% |
+4.10% |
| Broker/Dealer |
$XBD |
177.46 |
+1.74 |
+0.99% |
+10.53% |
| Retail |
$RLX |
958.94 |
+6.67 |
+0.70% |
+2.04% |
| Gold & Silver |
$XAU |
65.09 |
-3.95 |
-5.72% |
-22.65% |
| Bank |
$BKX |
73.40 |
+0.28 |
+0.38% |
+5.98% |
| Biotech |
$BTK |
3,317.26 |
+38.00 |
+1.16% |
+42.35% |
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New High Close With Gain on Light Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Alexion Pharmaceuticals Inc (ALXN +$1.99 or +1.03% to $195.80) wedged higher for its best-ever close with today's gain on lighter than average volume. No resistance remains due to overhead supply. Prior highs in the $180 area define initial support to watch on pullbacks. It was last shown in this FSU section on 10/23/14 with annotated graphs under the headline, "Finished Strong After Gapping Up Above Prior High", after finishing strong when highlighted in yellow with a pivot point based on its 2/25/14 high plus 10 cents in the earlier mid-day report (read here). The big gain for a new 52-week high was backed by +106% above average volume and triggered a technical buy signal following a gap up clearing a recent high. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock which falls more than -7% from its purchase price.
The Medical - Biomed/Biotech industry group has demonstrated leadership and earned a 99 for its Group Relative Strength Rating, a reassuring sign concerning the L criteria. It reported earnings +53% on +38% sales revenues for the Sep '14 quarter, continuing its strong earnings history. It found support at its 200 DMA line during its long consolidation since noted in the 3/21/14 mid-day report - "Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. Fundamentals remain strong with respect to the quarterly and annual earnings (C and A criteria) history."
ALXN's Relative Strength Rank (93) remains high. It easily satisfies the C and A criteria with a very strong quarterly and annual earnings history which has earned it a highest possible 99 Earnings Per Share rank. The number of top-rated funds owning its shares rose from 1,325 in Dec '13 to 1,430 in Sep '14, a reassuring sign concerning the I criteria of the fact-based investment system. ALXN completed a new Public Offering on 5/25/12.
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
ACT
-
NYSE
Actavis plc
Medical-Generic Drugs
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$245.73
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-0.18
-0.07% |
$247.85
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1,615,668
69.82% of 50 DAV
50 DAV is 2,314,000
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$254.41
-3.41%
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6/20/2014
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$216.53
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PP = $230.87
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MB = $242.41
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Most Recent Note - 11/6/2014 5:38:55 PM
G - Perched at its 52-week high today following 2 volume-driven gains, extended from any sound base. Recent lows near $208 define initial support to watch below its 50 DMA line ($236) on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : New Highs Following Deep "V" Shaped Pullback - Not a Sound Base - 11/6/2014
View all notes |
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$50.54
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+0.65
1.30% |
$51.11
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965,129
100.85% of 50 DAV
50 DAV is 957,000
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$53.50
-5.53%
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10/17/2014
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$45.24
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PP = $46.02
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MB = $48.32
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Most Recent Note - 11/5/2014 6:23:12 PM
G - Tallied 4 consecutive gains with above average volume, rallying back toward its 52-week high. Found support at its 50 DMA line when abruptly retreating last week following an analyst downgrade. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : 50-Day Average Acted as Support Following Analyst Downgrade - 11/5/2014
View all notes |
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C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$195.80
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+1.99
1.03% |
$195.84
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754,824
61.52% of 50 DAV
50 DAV is 1,227,000
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$197.64
-0.93%
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10/23/2014
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$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 11/6/2014 5:41:54 PM
Y - Managed a best-ever close with today's gain on slightly higher than average volume. Prior highs in the $180 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : New High Close With Gain on Light Volume - 11/10/2014
View all notes |
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C
A N
S L
I M
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BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$247.58
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+11.04
4.67% |
$247.70
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4,155,280
108.89% of 50 DAV
50 DAV is 3,816,000
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$246.00
0.64%
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10/30/2014
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$234.08
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PP = $231.51
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MB = $243.09
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Most Recent Note - 11/10/2014 5:43:52 PM
G - Color code is changed to green after a big gain today on slightly above average volume for a new all-time high above its "max buy" level. Prior highs near $230 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout on Triple Average Volume Following Strong Earnings - 10/30/2014
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C
A N
S L
I M
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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$46.98
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+0.03
0.06% |
$47.16
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265,199
62.55% of 50 DAV
50 DAV is 424,000
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$50.00
-6.04%
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10/23/2014
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$45.21
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PP = $46.09
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MB = $48.39
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Most Recent Note - 11/10/2014 5:46:58 PM
Y - Managed a "positive reversal" today after dipping near prior highs in the $44 area defining initial support above its 50 DMA line ($42.49).
>>> FEATURED STOCK ARTICLE : Pulled Back After Challenging Prior Highs - 10/24/2014
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C
A N
S L
I M
|
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$75.00
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-0.60
-0.79% |
$75.48
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21,526,459
54.11% of 50 DAV
50 DAV is 39,782,000
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$81.16
-7.59%
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9/9/2014
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$76.67
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PP = $76.84
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MB = $80.68
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Most Recent Note - 11/10/2014 5:47:51 PM
G - Encountered resistance at its 50 DMA line following a violation on 3 times average volume on 10/29/14 that raised concerns and triggered a technical sell signal.
>>> FEATURED STOCK ARTICLE : Gapped Down Following Latest Strong Earnings Report - 10/29/2014
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C
A N
S L
I M
|
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$149.90
|
+0.72
0.48% |
$150.18
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682,545
96.00% of 50 DAV
50 DAV is 711,000
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$153.52
-2.36%
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10/31/2014
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$148.50
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PP = $146.29
|
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MB = $153.60
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Most Recent Note - 11/10/2014 5:50:08 PM
Y - Holding its ground stubbornly with volume totals cooling after highlighted in yellow in the 10/31/14 mid-day report (read here) clinching a convincing technical buy signal. It remains trading above its pivot point and below its "max buy" level.
>>> FEATURED STOCK ARTICLE : Strong Finish Following Gap Up After Earnings News - 10/31/2014
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$188.27
|
+1.92
1.03% |
$190.18
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1,226,855
97.22% of 50 DAV
50 DAV is 1,262,000
|
$197.37
-4.61%
|
10/22/2014
|
$188.77
|
PP = $182.27
|
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MB = $191.38
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Most Recent Note - 11/7/2014 6:00:16 PM
Y - Color code was changed to yellow after dipping below its "max buy" level. Prior highs near $182 define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Which Define Initial Support - 11/7/2014
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C
A N
S L
I M
|
NBCB
-
NASDAQ
First N B C Bank Hldg
Banks-Southeast
|
$37.41
|
+0.33
0.89% |
$37.51
|
111,921
127.18% of 50 DAV
50 DAV is 88,000
|
$37.83
-1.11%
|
10/31/2014
|
$36.31
|
PP = $35.93
|
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MB = $37.73
|
Most Recent Note - 11/5/2014 6:30:11 PM
Y - Pulled back today on higher (near average) volume following 8 consecutive gains. No resistance remains due to overhead supply. Highlighted in yellow in the 10/31/14 mid-day report (read here). Prior highs near $34 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Financial Firm at 52-Week High Tallied 8th Consecutive Gain - 11/3/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$109.02
|
+2.00
1.87% |
$110.16
|
1,738,792
762.63% of 50 DAV
50 DAV is 228,000
|
$108.50
0.48%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
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MB = $90.17
|
Most Recent Note - 11/10/2014 12:39:22 PM
G - Hitting a new all-time high with today's gain. Volume totals cooled in recent weeks, a sign that few investors have headed for the exit, however it has not formed a sound base. Its 50 DMA line ($99.50) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Rebound and Rally Leaves Tech Firm Extended From Base - 10/28/2014
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C
A N
S L
I M
|
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
SNCR
-
NASDAQ
Synchronoss Technologies
COMPUTER SOFTWARE andamp; SERVICES - Application Software
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$53.67
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+1.55
2.97% |
$54.00
|
600,158
111.97% of 50 DAV
50 DAV is 536,000
|
$53.47
0.37%
|
10/27/2014
|
$46.40
|
PP = $47.81
|
|
MB = $50.20
|
Most Recent Note - 11/6/2014 5:40:47 PM
G - Matched its best-ever close with today's volume-driven gain. Prior highs in the $47 area define initial support to watch above its 50 DMA line ($45.53) on pullbacks.
>>> FEATURED STOCK ARTICLE : No Resistance Remains; Perched at Secondary Buy Point - 10/27/2014
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C
A N
S L
I M
|
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$105.57
|
+0.61
0.58% |
$106.50
|
14,500
51.79% of 50 DAV
50 DAV is 28,000
|
$109.44
-3.54%
|
9/19/2014
|
$86.06
|
PP = $89.97
|
|
MB = $94.47
|
Most Recent Note - 11/10/2014 5:52:07 PM
G - Stubbornly holding its ground near its 52-week high, extended from its prior base after volume-driven gains. Prior highs in the $88 area define important near-term support to watch above its 50 DMA line ($87.27).
>>> FEATURED STOCK ARTICLE : Stock With Small Supply Quickly Got Extended From Prior Base - 11/4/2014
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C
A N
S L
I M
|
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|
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
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. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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