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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 25TH, 2016
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DOW |
+68.96 |
19,152.14 |
+0.36% |
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Volume |
397,790,920 |
-51% |
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Volume |
699,377,230 |
-53% |
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NASDAQ |
+18.24 |
5,398.92 |
+0.34% |
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Advancers |
1,844 |
65% |
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Advancers |
1,733 |
64% |
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S&P 500 |
+8.63 |
2,213.35 |
+0.39% |
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Decliners |
994 |
35% |
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Decliners |
962 |
36% |
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Russell 2000 |
+5.11 |
1,347.20 |
+0.38% |
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52 Wk Highs |
209 |
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52 Wk Highs |
281 |
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S&P 600 |
+3.61 |
825.28 |
+0.44% |
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52 Wk Lows |
14 |
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52 Wk Lows |
15 |
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Major Indices Unanimously Closed at New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow and Nasdaq Composite were up 1.5% and the S&P 500 rose 1.4%. Stocks ended the week on a positive note. The Dow rose 69 points to 19152. The S&P 500 gained 9 points to 2213. The Nasdaq Composite increased 18 points to 5398. Volume totals on Friday's shortened session were much lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly 2-1 on the Nasdaq exchange and on the NYSE. There were 107 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 130 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
PICTURED: The S&P 500 Index hit another new record high.
The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages finished at record levels on Friday’s holiday shortened trading session. Defensive areas of the market led the advance with Utilities and Consumer Staples the best performing sectors. Dominion Resources (D +1.43%) rose. Shares of Hormel (HRL +1.79%) rose. Retailers were also active as consumers hit the malls looking for deals on the first day of holiday shopping season. Wal-Mart (WMT +0.51%) edged higher, Macy’s (M -1.71%) fell, and Amazon.com (AMZN +0.05%) was little changed. Energy was the lone sector lower on the session. Marathon Oil (MRO 3.01%) and ConocoPhillips (COP -1.17%) amid a decline in oil prices.
On the economic front, wholesale prices unexpectedly fell 0.4% in October versus a projected 0.2% increase. A survey by research firm Markit showed activity in the service sector slipped modestly in November.
Treasuries were mostly lower on the session. The 10-year note was down 3/32 to yield 2.36%. The 30-year bond was up 7/32 to 3.01%. In commodities, NYMEX WTI crude dropped 3.0% to $46.51/barrel. COMEX gold declined 0.7% to $1181.00/ounce. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech Sector and Bank Index Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.02%) and the Broker/Dealer Index ($XBD +0.03%) finished flat on Friday while the Bank Index ($BKX +0.22%) posted a small gain. The Gold & Silver Index ($XAU +0.26%) edged higher while the Oil Services Index ($OSX -0.78%) and the Integrated Oil Index ($XOI -0.43%) both edged lower. The Semiconductor Index ($SOX +0.19%) inched higher while the Networking Index ($NWX +0.56%) and the Biotechnology Index ($BTK +0.62%) both posted small gains. Charts courtesy www.stockcharts.com
 PICTURED: The Gold & Silver Index ($XAU +0.26%) recently slumped below its 200-day moving average (DMA) line. Its 50 DMA line has slumped below its 200 DMA line, technically termed a "death cross", which chart readers may recognize as a bearish indicator.
| Oil Services |
$OSX |
167.63 |
-1.31 |
-0.78% |
+6.28% |
| Integrated Oil |
$XOI |
1,191.17 |
-5.13 |
-0.43% |
+11.04% |
| Semiconductor |
$SOX |
890.97 |
+1.66 |
+0.19% |
+34.29% |
| Networking |
$NWX |
437.68 |
+2.43 |
+0.56% |
+16.42% |
| Broker/Dealer |
$XBD |
203.74 |
+0.06 |
+0.03% |
+14.40% |
| Retail |
$RLX |
1,387.34 |
+0.27 |
+0.02% |
+8.09% |
| Gold & Silver |
$XAU |
79.13 |
+0.21 |
+0.27% |
+74.68% |
| Bank |
$BKX |
86.91 |
+0.19 |
+0.22% |
+18.92% |
| Biotech |
$BTK |
3,366.15 |
+20.68 |
+0.62% |
-11.74% |
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Perched Near Highs Following Recent Technical Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Lemaitre Vascular Inc (LMAT -$0.15 or -0.62% to $24.09) remains perched near its all-time high while consolidating above its "max buy" level. It found support near prior highs in the $22 area when pulling back after its 11/09/16 technical breakout. No resistance remains due to overhead supply. It was last shown in this FSU section on 11/09/16 with an annotated graph under the headline, "Technical Breakout Backed By +151% Above Average Volume ". It was first highlighted in yellow with pivot point cited based on its 9/20/16 high plus 10 cents in the 10/27/16 mid-day report (read here).
The high-ranked Medical - Products firm recently reported earnings +55% on +22% sales revenues for the Sep '16 quarter, marking its 3rd consecutive quarter above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's fundamental guidelines. Earnings rose +18%, +38%, +40% and +55% in the Dec '15, Mar, Jun, and Sep '16 quarters, respectively, demonstrating encouraging sales revenues and earnings acceleration. Sales revenues rose +10%, +7%, +13% and +20% over that same span. Annual earnings (A criteria) history has been steadily improving since a downturn in FY '11.
Its current Up/Down Volume ratio of 1.4 is an unbiased indication that its shares were under accumulation over the past 50 days, a reassuring sign concerning the I criteria. The number of top-rated funds owning its share rose from 184 in Dec '15 to 197 in Sep '16. Its small supply of 13.1 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. |
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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 |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$22.33
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+0.01
0.04% |
$22.48
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77,281
35.29% of 50 DAV
50 DAV is 219,000
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$22.50
-0.76%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 11/22/2016 3:56:45 PM
G - Hitting another new high today, getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $18 area.
>>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 |
View all notes |
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Company Profile |
SEC
News |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.65
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-0.10
-0.51% |
$19.90
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32,926
45.73% of 50 DAV
50 DAV is 72,000
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$19.95
-1.50%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 11/23/2016 5:27:43 PM
Y - Color code was changed to yellow as it returned to the Featured Stocks list. Fundamentals remain strong. Recent volume-driven gains helped it rally to new highs and above the new pivot point cited based on its 9/06/16 high plus 10 cents. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Strength Returned for Previously Featured Leader - 11/23/2016 |
View all notes |
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News |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$67.20
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+0.10
0.15% |
$67.30
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139,105
33.20% of 50 DAV
50 DAV is 419,000
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$67.20
0.00%
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11/14/2016
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$63.30
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PP = $60.73
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MB = $63.77
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Most Recent Note - 11/23/2016 12:06:23 PM
G - Rallied to new multi-year highs with above average volume behind 14 consecutive gains, getting very extended from its prior base. Reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 |
View all notes |
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C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
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$227.09
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-4.49
-1.94% |
$233.88
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1,161,223
96.29% of 50 DAV
50 DAV is 1,206,000
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$272.58
-16.69%
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6/29/2016
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$182.42
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PP = $186.55
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MB = $195.88
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Most Recent Note - 11/25/2016 1:15:24 PM
G - Volume totals have been below average while still sputtering after damaging losses. A rebound above the 50 DMA line ($248) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 |
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C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$47.01
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+1.57
3.46% |
$47.06
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131,472
98.11% of 50 DAV
50 DAV is 134,000
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$48.14
-2.35%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 11/25/2016 1:14:05 PM
G - Rallied for its second-best close ever today. Consolidating above its 50 DMA line ($45.27). A damaging violation would raise concerns and deterioration below recent lows in the $41 area would raise more serious concerns and trigger a worrisome technical sell signal. Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns.
>>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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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 |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$24.09
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-0.15
-0.62% |
$24.44
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76,470
47.50% of 50 DAV
50 DAV is 161,000
|
$24.99
-3.60%
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10/27/2016
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$21.03
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PP = $22.60
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MB = $23.73
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Most Recent Note - 11/25/2016 2:01:09 PM
G - Is quietly consolidating above its "max buy" level. It found support near prior highs in the $22 area when pulling back after its recent technical breakout. No resistance remains due to overhead supply. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Recent Technical Breakout - 11/25/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$94.66
|
-0.53
-0.56% |
$95.00
|
365,298
52.87% of 50 DAV
50 DAV is 691,000
|
$95.47
-0.85%
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11/21/2016
|
$93.80
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PP = $88.66
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MB = $93.09
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Most Recent Note - 11/22/2016 5:21:36 PM
G - Color code is changed to green after rising further above its "max buy" level today. Finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here) as a gap up and big gain backed by +256% above average volume triggered a technical buy signal. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$71.96
|
+1.51
2.14% |
$71.97
|
44,129
50.15% of 50 DAV
50 DAV is 88,000
|
$70.88
1.52%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 11/25/2016 1:16:03 PM
G - Hit yet another new all-time high today, getting very extended from its prior base. Prior highs and its 50 DMA line in the $53 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 |
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C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$31.80
|
-0.20
-0.63% |
$32.20
|
303,868
37.38% of 50 DAV
50 DAV is 813,000
|
$32.68
-2.68%
|
10/4/2016
|
$27.36
|
PP = $28.70
|
|
MB = $30.14
|
Most Recent Note - 11/22/2016 3:55:10 PM
G - Posting another gain with higher volume today, hitting a new all-time high while rising further above its "max buy" level. Recent gains above the pivot point did not have at least +40% above average volume to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New High With Gain Lacking Great Volume Conviction - 11/10/2016 |
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C
A
S
I |
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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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