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AFTER MARKET UPDATE - THURSDAY, MAY 9TH, 2019
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Indices NYSE Nasdaq
DOW  -138.97 25,828.36 -0.54% Volume 833,917,730 +2% Volume 2,534,293,230 +17%
NASDAQ -32.73 7,910.59 -0.41% Advancers 1,222 43% Advancers 1,226 41%
S&P 500 -8.70 2,870.72 -0.30% Decliners 1,603 57% Decliners 1,798 59%
Russell 2000 -4.92 1,570.06 -0.31% 52 Wk Highs 61   52 Wk Highs 52  
S&P 600 -1.22 962.41 -0.13% 52 Wk Lows 85   52 Wk Lows 92  

Losses With Volume Totals Higher Reveal Distributional Pressure

Stocks finished lower Thursday as trade tensions between the U.S. and China continued to weigh on investor sentiment. The Dow lost 138 points while the S&P 500 briefly slipped below its 50-day moving average before closing down 0.3%. The Nasdaq Composite declined 0.4%. The volume totals reported were higher on the NYSE and on the Nasdaq exchange, indicative of more distributional pressure. Breadth was negative as decliners led advancers by a 4-3 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 18 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 14 on the prior session. New 52-week lows outnumbered 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices (M criteria) have seen their uptrend come under pressure while market leadership (stocks hitting new highs) has recently thinned. Healthy leadership must be present for any sustained market rally, so this will be watched very closely in the days ahead. ThFeatured Stocks Page provides the most timely analysis on high-ranked leaders.
Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index has encountered distributional pressure with 6 losses in the span of 7 sessions since reaching a new record high last week. It undercut its 50-day moving average (DMA) line yet promptly rebounded and ended near the session high.

A series of trade related headlines from both the U.S. and China called into question whether the two sides would be able to finalize a trade pact ahead Friday’s unofficial deadline. The major averages pared losses in afternoon trading after President Trump suggested the possibility remains that both parties could agree to a new accord. Treasuries strengthened amid the perceived “risk off” tone, with the yield on the 10-year note dropping three basis points to 2.45%. On the data front, core producer price inflation rose 2.4% in April, matching the prior reading. A separate report showed the U.S. trade deficit rose to $50 billion in March despite the shortfall with China narrowing to a multi-year low.

The Technology sector paced the decline as shares of Intel (INTC -5.32%) fell, which marked the 11th loss in the past 12 sessions for the semiconductor company. The Materials group also lagged as the spike in trade tensions weighed on commodity prices. In earnings news, shares of Disney (DIS -1.04%) fell even after topping analyst expectations.

In commodities, WTI crude slipped 0.9% to $61.58/barrel. COMEX gold added 0.3% to $1,284.80/ounce. Composite NYSE volume totaled more than 3.6 billion shares.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.


Retail, Broker/Dealer, Tech, and Commodity-Linked Groups Fell

The Retail Index ($RLX -0.60%), Broker/Dealer Index ($XBD -0.41%), and Bank Index ($BKX -0.10%) each lost groundThe tech sector had a negative bias as the Networking Index ($NWX -2.20%) and Semiconductor Index ($SOX -1.18%) both outpaced the Biotech Index ($BTK -0.23%) to the downside. Commodity-linked groups also had a negative bias as the Gold & Silver Index ($XAU -0.51%) and the Integrated Oil Index ($XOI -0.65%) booth ended modestly lower and the Oil Services Index ($OSX -0.06%) finished flat.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.41%) graph shows it slumping back toward its 50-day and 200-day moving average (DMA) lines.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  88.88 -0.05 -0.06% +10.27%
Integrated Oil $XOI  1,270.32 -8.31 -0.65% +9.60%
Semiconductor $SOX  1,476.80 -17.68 -1.18% +27.84%
Networking $NWX  588.38 -13.21 -2.20% +20.40%
Broker/Dealer $XBD  270.80 -1.13 -0.41% +14.10%
Retail $RLX  2,329.59 -14.10 -0.60% +19.38%
Gold & Silver $XAU  67.99 -0.35 -0.51% -3.78%
Bank $BKX  99.23 -0.10 -0.10% +15.67%
Biotech $BTK  4,616.06 -10.75 -0.23% +9.36%


Found Support and Closed in Upper Third of Day's Range

Epam Systems Inc (EPAM -$0.63 or -0.37% to $169.79) was highlighted in yellow in the earlier mid-day report (read here). Although it is extended from any recent base, after finding support at the 10 WMA it is considered a valid "secondary buy point" up to +5% above the latest high. It found support after gapping down today violating its 50-day moving average (DMA) line ($170). It was last shown in this FSU section on 10/05/18 with an annotated graph under the headline, "Slump Below 50-Day Moving Average Raised Concerns".

EPAM reported earnings +34% on +23% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. 
Fundamentals remain strong with a 95 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates.The Computer - Tech Services firm's annual earnings history (A criteria) has been strong. It showed resilience and strength after slumping below its 200 DMA line when dropped from the Featured Stocks list on 10/10/18.

The number of top-rated funds owning its shares rose from 462 in Jun '17 to 623 in Mar '19, a reassuring sign concerning the I criteria. Its small supply of only 51.3 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling. Its Relative Strength rating of 94 is above the 80+ minimum guideline for buy candidates.

Charts courtesy of 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
MLR - NYSE
Miller Industries Inc
AUTOMOTIVE - Auto Parts  
$33.62 +1.17
3.61%

$34.11

50,706
120.73% of 50 DAV
50 DAV is 42,000
$35.26
-4.65%
11/30/2018 $28.35 PP = $29.50
MB = $30.98
Most Recent Note - 5/9/2019 4:00:40 PM
G - Rebounded above its 50 DMA line ($32.84) with today's volume-driven gain. Prior low ($30.38 on 3/27/19) defines the next near-term support to watch. Reported March '19 quarterly earnings +29% on +24% sales revenues versus the year ago period, above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Below 50-Day Average After Damaging Losses - 4/8/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NSP - NYSE
Insperity Inc
Comml Svcs-Outsourcing  
$116.96 -0.25
-0.21%

$117.78

235,974
70.44% of 50 DAV
50 DAV is 335,000
$132.50
-11.73%
4/16/2019 $129.59 PP = $132.60
MB = $139.23
Most Recent Note - 5/7/2019 11:46:34 AM
G - Still sputtering in a tight range after it violated the prior low ($118) and tested its 200 DMA line ($111) with a damaging volume-driven loss last week following earnings news. Reported earnings +40% on +14% sales revenues for the Mar '19 quarter. A rebound above the 50 DMA line ($124) is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Needed - 4/23/2019
 |  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  
$195.54 -4.51
-2.25%

$199.96

710,381
154.10% of 50 DAV
50 DAV is 461,000
$237.15
-17.55%
2/14/2019 $198.10 PP = $184.85
MB = $194.09
Most Recent Note - 5/9/2019 3:37:29 PM
Slumping further with above average volume today and it will be dropped from the Featured Stocks list tonight.Failed to rebound since it violated its 50 DMA line with last week's damaging volume-driven losses after it reported earnings +14% on +9% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Following Latest Earnings Report - 5/3/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
FTNT - NASDAQ
Fortinet Inc
Computer Sftwr-Security  
$81.81 +0.16
0.20%

$82.26

1,448,517
81.61% of 50 DAV
50 DAV is 1,775,000
$96.96
-15.63%
4/10/2019 $89.76 PP = $88.70
MB = $93.14
Most Recent Note - 5/7/2019 6:17:53 PM
G - Suffered a 5th consecutive loss today with above average volume, slumping toward its 200 DMA line ($79.75). A rebound above the 50 DMA line ($87.07) is needed for its outlook to improve. Weak action came after it reported earnings +39% on +18% sales revenues for the Mar '19 quarter versus the year ago period.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain Cleared Flat Base and Little Resistance Remains - 4/10/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
SPSC - NASDAQ
S P S Commerce Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$103.26 -1.15
-1.10%

$103.71

95,172
64.74% of 50 DAV
50 DAV is 147,000
$115.00
-10.21%
3/26/2019 $107.12 PP = $113.41
MB = $119.08
Most Recent Note - 5/8/2019 1:37:07 PM
G - Consolidating near its 50 DMA line ($105.49). Prior highs in the $98-100 area define important near-term support to watch. Reported earnings +54% on +13% sales revenues for the quarter ended March 31, 2019 versus the year ago period.
>>> FEATURED STOCK ARTICLE : Sputtering Near 50-Day Average Line Building Base-On-Base - 5/1/2019
 |  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
SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$58.30 -0.60
-1.02%

$58.75

1,459,854
92.87% of 50 DAV
50 DAV is 1,572,000
$67.73
-13.92%
2/15/2019 $59.73 PP = $61.07
MB = $64.12
Most Recent Note - 5/8/2019 6:25:33 PM
G - A rebound above its 50 DMA line ($63.12) still is needed for its outlook to improve. Halted its slide after a damaging gap down violated its 50 DMA line triggering a technical sell signal noted on 5/01/19. Reported earnings +72% on +170% sales revenues for the Mar '19 quarter and fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Needs Rebound Above 50-Day Average for Outlook to Improve - 5/8/2019
 |  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  
$169.79 -0.63
-0.37%

$173.01

646,372
195.28% of 50 DAV
50 DAV is 331,000
$180.55
-5.96%
5/9/2019 $169.25 PP = $180.55
MB = $189.58
Most Recent Note - 5/9/2019 5:27:48 PM
Y - Showed resilience after gapping down today violating its 50 DMA line ($170). Highlighted in yellow in the earlier mid-day report, although it is extended from any recent base, after finding support at the 10 WMA it is considered a valid "secondary buy point" up to +5% above the latest high. Reported earnings +34% on +23% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. Showed resilience and strength after slumping below its 200 DMA line when dropped from the Featured Stocks list on 10/10/18. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support and Closed in Upper Third of Day's Range - 5/9/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AUDC - NASDAQ
Audiocodes Ltd
ELECTRONICS - Scientific and Technical Instrum  
$14.17 -0.10
-0.70%

$14.38

189,311
87.24% of 50 DAV
50 DAV is 217,000
$17.44
-18.75%
3/20/2019 $13.66 PP = $15.06
MB = $15.81
Most Recent Note - 5/7/2019 11:30:48 AM
G - Slumping below its 50 DMA line ($14.52) with today's loss. Found prompt support near that important short-term average after abruptly retreating on 4/30/19. Weak action came after reporting earnings +38% on +10% sales revenues for the Mar '19 quarter, still above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Earnings News Due for Israel-Based VOIP Firm - 4/29/2019
 |  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  
$67.38 -3.95
-5.54%

$68.69

974,495
314.35% of 50 DAV
50 DAV is 310,000
$72.67
-7.28%
3/15/2019 $66.05 PP = $64.90
MB = $68.15
Most Recent Note - 5/9/2019 12:32:52 PM
G - Gapped down today and undercut its 50 DMA line ($66.77) after reporting earnings +5% on +1% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). The prior high ($64.80 on 9/14/18) define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Another New High - 4/24/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LHCG - NASDAQ
L H C Group Inc
HEALTH SERVICES - Home Health Care  
$115.06 +4.81
4.36%

$115.11

353,040
129.79% of 50 DAV
50 DAV is 272,000
$116.74
-1.44%
4/29/2019 $110.94 PP = $115.64
MB = $121.42
Most Recent Note - 5/9/2019 3:58:09 PM
Y - Reported earnings +56% on +73% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. Found support near its 50 DMA line today, now challenging its all-time high and near the new pivot point cited based on its 3/22/19 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Found prompt support at its 200 DMA line.
>>> FEATURED STOCK ARTICLE : Sputtering Near 50-Day Moving Average Line - 4/1/2019
 |  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
ENSG - NASDAQ
Ensign Group Inc
HEALTH SERVICES - Long-Term Care Facilities  
$52.11 +0.30
0.58%

$52.46

204,989
73.74% of 50 DAV
50 DAV is 278,000
$54.56
-4.49%
4/30/2019 $51.46 PP = $53.30
MB = $55.97
Most Recent Note - 5/7/2019 12:41:48 PM
Y - Consolidating above its 50 DMA line ($50.32) and still perched within close striking distance of its pivot point. Color code was changed to yellow with new pivot point cited based on its 4/05/19 high while building on a double bottom base. Reported earnings +22% on +12% sales revenues for the Mar '19 quarter, bellow the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Two Damaging Losses Hurt Outlook - 4/17/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$173.71 -1.46
-0.83%

$174.89

1,216,231
53.84% of 50 DAV
50 DAV is 2,259,000
$179.50
-3.23%
3/28/2019 $169.20 PP = $164.89
MB = $173.13
Most Recent Note - 5/6/2019 6:27:50 PM
G - Still quietly hovering above the "max buy" level with volume totals cooling. Prior highs define initial support to watch above its 50 DMA line ($160.31).
>>> FEATURED STOCK ARTICLE : Breakway Gap Backed by More Than 6 Times Average Volume - 3/28/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NXST - NASDAQ
Nexstar Media Group Cl A
MEDIA - Broadcasting - TV  
$110.41 +2.53
2.35%

$110.58

460,842
82.00% of 50 DAV
50 DAV is 562,000
$119.93
-7.94%
5/1/2019 $115.33 PP = $120.03
MB = $126.03
Most Recent Note - 5/6/2019 6:39:22 PM
Y - Posted a gain today with above average volume after slumping near its 50 DMA line ($109) which defines near-term support to watch. More damaging losses would raise greater concerns. Due to report earnings results before the market opens on Wednesday, May 8, 2019. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Hitting New High and Very Extended From Prior Base - 4/4/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
RP - NASDAQ
Realpage Inc
REAL ESTATE - REIT - Diversified/Industrial  
$59.18 +0.50
0.85%

$59.27

894,365
137.09% of 50 DAV
50 DAV is 652,400
$66.25
-10.67%
5/6/2019 $62.97 PP = $65.92
MB = $69.22
Most Recent Note - 5/9/2019 3:44:17 PM
Managed a "positive reversal" after testing its 200 DMA line ($57.21) at today's low. Violated the 50 DMA line with a big volume-driven loss triggering a technical sell signal noted on 5/07/19. Weak action came after it reported earnings +8% on +16% sales revenues for the Mar '19 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Latest Quarter Fell Short of Minimum Earnings Guideline - 5/6/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ULTA - NASDAQ
Ulta Beauty Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$348.05 -0.10
-0.03%

$349.13

460,576
59.66% of 50 DAV
50 DAV is 772,000
$359.69
-3.24%
3/15/2019 $341.27 PP = $322.59
MB = $338.72
Most Recent Note - 5/8/2019 1:43:04 PM
G - Found support at its 50 DMA line ($338) which defines important near term support above prior highs. A violation of the 50 DMA line and recent low ($334.94) would raise concerns and trigger a technical sell signal
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling in Recent Weeks While Hovering Near High - 4/26/2019
 |  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
UBNT - NASDAQ
Ubiquiti Networks
TELECOMMUNICATIONS - Diversified Communication Serv  
$156.42 -9.40
-5.67%

$162.82

942,933
282.32% of 50 DAV
50 DAV is 334,000
$174.95
-10.59%
2/8/2019 $121.97 PP = $115.54
MB = $121.32
Most Recent Note - 5/9/2019 1:12:58 PM
G - Today's volume-driven loss undercut its 50 DMA line ($156) and nearly tested the prior high ($148.68 on 2/27/19) defining near-term support to watch. Due to report earnings news. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Bass and Wedging to New Highs - 4/12/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ESNT - NYSE
Essent Group Ltd
Finance-MrtgandRel Svc  
$46.81 +0.08
0.17%

$46.85

515,002
82.27% of 50 DAV
50 DAV is 626,000
$48.88
-4.23%
3/18/2019 $45.84 PP = $45.06
MB = $47.31
Most Recent Note - 5/8/2019 12:33:03 PM
Y - Sputtering since it recently reported earnings +15% on +20% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Found support above its 50 DMA line ($45) reassuringly during the recent consolidation. Faces very little resistance due to overhead supply up to the $50 level.
>>> FEATURED STOCK ARTICLE : Perched Above Pivot Point With Earnings News Due May 3rd - 4/25/2019
 |  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  
$136.58 -0.07
-0.05%

$137.95

592,487
52.85% of 50 DAV
50 DAV is 1,121,000
$148.22
-7.85%
4/11/2019 $132.05 PP = $133.75
MB = $140.44
Most Recent Note - 5/6/2019 6:34:25 PM
G - Pulled back today for a loss with near average volume. Recent gains lacked great volume conviction. Prior highs in the $133-136 area define initial support to watch.
>>> FEATURED STOCK ARTICLE : Finished Strong After Featured Again in Mid-Day Report - 4/11/2019
 |  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  
$270.49 +4.51
1.70%

$271.80

1,707,036
92.57% of 50 DAV
50 DAV is 1,844,000
$273.82
-1.22%
4/22/2019 $242.64 PP = $251.75
MB = $264.34
Most Recent Note - 5/9/2019 3:50:58 PM
G - Quietly rising near its all-time high with today's gain. Bullish action was noted after it reported earnings +20% on +34% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns, fundamentally. Prior high ($251.65 on 3/21/19) and its 50 DMA line ($247) define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Found Recent Support at 50-Day Moving Average - 4/15/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$237.83 -0.67
-0.28%

$237.99

825,596
66.15% of 50 DAV
50 DAV is 1,248,000
$260.63
-8.75%
2/25/2019 $233.54 PP = $239.60
MB = $251.58
Most Recent Note - 5/7/2019 6:15:11 PM
G - Color code is changed to green after today's loss on below average volume violated its 50 DMA line ($242.40) raising concerns. Prior lows in the $230-231 area define the next important support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior High and 50-Day Average - 4/3/2019
 |  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
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$86.39 -0.89
-1.02%

$86.83

257,479
78.96% of 50 DAV
50 DAV is 326,100
$98.30
-12.12%
5/2/2019 $91.25 PP = $98.40
MB = $103.32
Most Recent Note - 5/9/2019 3:48:45 PM
G - Testing its 50 DMA line ($84.44) today which defines near term support. Encountered distributional pressure in the past week after challenging previously stubborn resistance in the $97-98 area. Its Relative Strength Rating has slumped to 67, below the 80+ minimum guideline for buy candidates and its color code is changed to green. Improvement and subsequent volume-driven gains above the pivot point are needed to trigger a technical buy signal. Reported earnings +36% on +16% sales revenues for the Mar '19 quarter, continuing its strong earnings history.
>>> FEATURED STOCK ARTICLE : Rallying to Challenge Previously Stubborn Resistance - 5/2/2019
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PAYC - NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$207.89 +3.14
1.53%

$209.92

747,862
123.61% of 50 DAV
50 DAV is 605,000
$208.21
-0.15%
2/6/2019 $171.66 PP = $164.18
MB = $172.39
Most Recent Note - 5/9/2019 3:54:05 PM
G - Hitting another new all-time high with today's gain backed by above average volume. It is extended from any sound base. Reported earnings +25% on +30% sales revenues for the Mar '19 quarter. Its 50 DMA line ($188.76) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Paycom Software Quietly Hovering Near All-Time High - 4/16/2019
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PYPL - NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr  
$109.73 +0.66
0.61%

$110.13

4,654,280
72.18% of 50 DAV
50 DAV is 6,448,000
$113.69
-3.48%
1/24/2019 $92.56 PP = $93.80
MB = $98.49
Most Recent Note - 5/8/2019 1:34:46 PM
G - Hovering near its all-time high, extended from any sound base. Still well above its 50 DMA line ($104.36) which defines support to watch. Recently reported earnings +37% on +12% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Extended From Base After Gains in Recent Weeks Lacking Volume - 4/2/2019
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ALRM - NASDAQ
Alarm.com Holdings Inc
Security/Sfty  
$69.67 +0.10
0.14%

$70.52

677,620
157.59% of 50 DAV
50 DAV is 430,000
$71.50
-2.56%
1/22/2019 $60.52 PP = $60.30
MB = $63.32
Most Recent Note - 5/6/2019 6:24:27 PM
G - Still holding its ground stubbornly after wedging to new highs with gains lacking great volume conviction. Due to report financial results after the market close on Thursday, May 9, 2019. Found prompt support near the 50 DMA line after it reported earnings +12% on +25% sales revenues for the Dec '18 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average Following Sub Par Report - 3/29/2019
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PLNT - NYSE
Planet Fitness Inc Cl A
Leisure-Services  
$78.17 +1.48
1.93%

$78.17

1,486,865
96.74% of 50 DAV
50 DAV is 1,537,000
$77.34
1.07%
11/7/2018 $57.10 PP = $55.45
MB = $58.22
Most Recent Note - 5/8/2019 6:28:34 PM
G - Posted a third consecutive gain with near average volume for a new best-ever close. It remains very extended from any sound base. Found prompt support at its 50 DMA line ($69.59) when a big volume-driven loss came after reporting earnings +30% on +23% sales revenues for its first quarter ended March 31, 2019.
>>> FEATURED STOCK ARTICLE : Perched Near High Very Extended From Prior Base - 4/5/2019
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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
TEAM - NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs  
$125.13 +7.96
6.79%

$125.31

4,809,702
274.68% of 50 DAV
50 DAV is 1,751,000
$117.45
6.54%
4/16/2019 $114.77 PP = $116.80
MB = $122.64
Most Recent Note - 5/9/2019 1:05:56 PM
G - Today's 6th consecutive gain has it powering above the "max buy" price into new all-time high territory and its color code is changed to green. Prior session's gain above the pivot point backed by +104% above average volume clinched a convincing technical buy signal. Recently reported earnings +133% on +38% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Perched Near High Enduring Distributional Pressure - 4/9/2019
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GLOB - NYSE
Globant SA
Computer-Tech Services  
$80.00 -3.19
-3.83%

$82.52

329,960
167.49% of 50 DAV
50 DAV is 197,000
$85.00
-5.88%
2/15/2019 $69.35 PP = $70.00
MB = $73.50
Most Recent Note - 5/9/2019 3:40:41 PM
G - Due to report financial results for the quarter ended March 31st, 2019 after today's close. Volume and volatility often increase near earnings news. Pulling back for a 3rd loss in the span of 4 sessions marked by above average volume, encountering distributional pressure since touching a new all-time high last week. Extended from any sound base. Near-term support is at its 50 DMA line ($75.59) and the prior high ($74). Violations would raise concerns and trigger technical sell signals. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Earnings News Due While Perched Near All-Time High - 5/7/2019
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TTD - NASDAQ
The Trade Desk Inc Cl A
Comml Svcs-Advertising  
$189.92 -32.19
-14.49%

$218.00

8,942,959
650.87% of 50 DAV
50 DAV is 1,374,000
$232.70
-18.38%
4/22/2019 $211.03 PP = $214.80
MB = $225.54
Most Recent Note - 5/9/2019 3:35:13 PM
G - Color code is changed to green after violating its 50 DMA line with a big volume-driven loss today triggering a technical sell signal. Reported earnings +44% on +41% sales revenues for the Mar '19 quarter, continuing its strong earnings track record. Disciplined investors will note that gains above the pivot point did not have the volume necessary to trigger a proper new (or add-on) technical buy signal. The next important support to watch is the prior low ($178.30 on 3/27/19).
>>> FEATURED STOCK ARTICLE : Pulled Back Below "Max Buy" Level After Wedging Higher - 4/30/2019
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