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AFTER MARKET UPDATE - TUESDAY, JUNE 4TH, 2019
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Indices NYSE Nasdaq
DOW  +512.40 25,332.18 +2.06% Volume 889,341,960 -9% Volume 2,350,248,740 -9%
NASDAQ +194.10 7,527.12 +2.65% Advancers 2,375 82% Advancers 2,308 75%
S&P 500 +58.82 2,803.27 +2.14% Decliners 538 18% Decliners 783 25%
Russell 2000 +38.58 1,508.56 +2.62% 52 Wk Highs 122   52 Wk Highs 56  
S&P 600 +24.37 918.89 +2.72% 52 Wk Lows 20   52 Wk Lows 77  

Major Indices Posted Solid Gains While Rebounding

Stocks finished firmly higher Tuesday, notching their second best day of 2019. The major averages rebounded amid easing trade tensions and hints of more accommodative Fed policy. The Dow climbed 512 points, while the S&P 500 advanced 2.1%, eclipsing its 200-day moving average. The Nasdaq Composite was up 2.7%, bouncing out of correction territory. The volume totals reported were lighter on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 4-1 margin on the NYSE and by a 3-1 margin on the Nasdaq exchange. There were 31 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 22 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new 52-week lows still outnumbered new 52-week highs on the Nasdaq exchange. The major indices (M criteria) are showing action indicative of a more worrisome "market correction". The fact-based investment system discourages any new buying efforts and suggests selling stocks on a case-by-case basis, raising cash levels to reduce market exposure. ThFeatured Stocks Page provides the most timely analysis on high-ranked leaders.
Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average rebounded toward its 200-day moving average (DMA) line with its 2nd consecutive gain. 

The S&P 500 Index and Nasdaq Composite Index both rebounded above their respective long-term 200-day moving average (DMA) lines, however, the solid gains marked only Day 1 of a new rally attempt. Disciplined investors will be watching between Day 4 and Day 7 for a follow-through day of big gains (more than +1%) from at least one of the major indices backed with higher volume and an expansion in stocks reaching new 52-week highs - all of which are critical components for a new confirmed uptrend under the fact-based system.

Federal Reserve comments provided a tailwind to equities, as Fed Chair Jerome Powell signaled an openness to cut interest rates if the economic outlook worsens, noting policymakers will “act as appropriate to sustain the expansion.” In geopolitical news, trade tensions eased following perceived conciliatory remarks from China. Sentiment was further lifted on hopes that President Trump’s plan to implement tariffs on Mexican goods may be prevented by lawmakers. This followed reports that Mexico is exploring retaliatory measures, but would prefer a negotiated solution before next week’s deadline.

Ten of 11 S&P 500 sectors closed in positive territory, with Real Estate the sole decliner. Tech shares rebounded more than 3%, while Materials and Financials also outperformed. 

Treasuries declined from multi-year highs following the Fed comments. The yield on the 10-year note jumped five basis points to 2.12%. On the data front, factory orders slipped 0.8% in April, below the prior month’s downwardly revised 1.3% gain. Separately, durable goods orders fell 2.1% in April. In commodities, WTI crude added 0.6%, while COMEX gold edged 0.3% higher amid a weaker dollar.


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

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


Financial, Retail, Tech, and Commodity-Linked Groups Rose

The Retail Index ($RLX +2.35%), Broker/Dealer Index ($XBD +3.06%), and the Bank Index ($BKX +3.54%) each posted a solid gain. The tech sector had a positive bias as the Semiconductor Index ($SOX +4.24%), Biotech Index ($BTK +2.09%), and the Networking Index ($NWX +2.22%) each ended higher. Commodity-linked groups were also gainers as the Gold & Silver Index ($XAU +0.71%), Oil Services Index ($OSX +1.37%) and the Integrated Oil Index ($XOI +1.02%) each rose.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +2.35%) posted a gain rebounding near its 200-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  76.57 +1.02 +1.35% -5.00%
Integrated Oil $XOI  1,196.91 +14.50 +1.23% +3.26%
Semiconductor $SOX  1,355.26 +54.74 +4.21% +17.32%
Networking $NWX  551.45 +12.72 +2.36% +12.85%
Broker/Dealer $XBD  260.10 +7.76 +3.07% +9.59%
Retail $RLX  2,206.11 +51.69 +2.40% +13.05%
Gold & Silver $XAU  73.60 +0.60 +0.82% +4.16%
Bank $BKX  95.85 +3.26 +3.52% +11.73%
Biotech $BTK  4,504.84 +103.17 +2.34% +6.73%


Rebound Above 50-Day Moving Average Improved Technical Stance

Envestnet Inc (ENV +$2.62 or +3.95% to $68.90) posted a solid gain today and rebounded above its 50-day moving average (DMA) line ($68.27), helping its technical stance improve.  During the latest consolidation it stayed above the prior high ($64.80 on 9/14/18) which defines important near-term support to watch.

Volume and volatility often increase near earnings news. Weak action came after recently reporting earnings +5% on +1% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria). That report broke a streak to 8 consecutive quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings growth was flat in FY '16 but it has otherwise been strong. It still has a 91 Earnings Per Share Rating. 

The high-ranked Financial Services - Specialty firm was last shown in this FSU section on 4/24/19 with an annotated graph under the headline, "Negative Reversal After Another New High". It finished strong after was highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in the 3/15/19 mid-day report (read here). 

The number of top-rated funds owning its shares rose from 284 in Jun '17 to 386 in Mar '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has Timeliness Rating of A and Sponsorship Rating of C.

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
StockCharts.com Latest Chart for SPSC SPSC - NASDAQ
S P S Commerce Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$105.56 +3.57
3.50%

$105.58

211,699
134.84% of 50 DAV
50 DAV is 157,000
$115.00
-8.21%
3/26/2019 $107.12 PP = $113.41
MB = $119.08
Most Recent Note - 6/4/2019 6:19:36 PM
G - Rebounded above its 50 DMA line ($104.02) with today's 2nd consecutive volume-driven gain helping its technical stance. Still faces some resistance due to overhead supply up to the $115 level. Recent lows in the $98-99 area define important near-term support to watch. Fundamentals remain strong.

>>> 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 
StockCharts.com Latest Chart for EPAM EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$168.18 +5.31
3.26%

$168.25

780,643
161.62% of 50 DAV
50 DAV is 483,000
$180.55
-6.85%
5/9/2019 $169.25 PP = $180.55
MB = $189.58
Most Recent Note - 6/3/2019 9:04:22 PM
G - Met resistance near its 50 DMA line ($171) and slumped with losses on heavier than average volume for the past week. A rebound above that important short-term average is needed for its outlook to improve. Reported earnings +34% on +23% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
>>> 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 
StockCharts.com Latest Chart for ENV ENV - NYSE
Envestnet Inc
FINANCIAL SERVICES - Diversified Investments  
$68.90 +2.62
3.95%

$68.97

269,098
94.42% of 50 DAV
50 DAV is 285,000
$72.67
-5.19%
3/15/2019 $66.05 PP = $64.90
MB = $68.15
Most Recent Note - 6/4/2019 6:07:36 PM
G - Rebounded above its 50 DMA line ($68.27) today helping its technical stance. Weak action came after recently 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) defines important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Improved Technical Stance - 6/4/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TPL TPL - NYSE
Texas Pacific Land Trust
Real Estate Dvlpmt/Ops  
$753.00 +27.08
3.73%

$753.54

21,524
140.68% of 50 DAV
50 DAV is 15,300
$915.66
-17.76%
5/15/2019 $850.01 PP = $915.76
MB = $961.55
Most Recent Note - 6/4/2019 6:16:02 PM
G - Found support at its 200 DMA line with today's gain. A rebound above its 50 DMA line ($820) is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Keep in mind that the major averages (M criteria) need a follow-through day to confirm a new uptrend before any new buying efforts are justified under the fact-based investment system. Reported earnings +222% on +219% sales revenues for the Mar '19 quarter continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Recently Found Support and Rose Toward All-Time High - 5/17/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for LHCG LHCG - NASDAQ
L H C Group Inc
HEALTH SERVICES - Home Health Care  
$117.13 +3.19
2.80%

$118.13

181,779
72.13% of 50 DAV
50 DAV is 252,000
$122.20
-4.15%
4/29/2019 $110.94 PP = $115.64
MB = $121.42
Most Recent Note - 6/4/2019 6:22:49 PM
Y - Rebounded above its pivot point with today's 4th consecutive gain backed by lighter than average volume. Its 50 DMA line ($111) defines near-term support. Fundamentals remain strong.

>>> FEATURED STOCK ARTICLE : Long-Term Care Firm Hovering Near All-Time High - 5/14/2019
 |  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
StockCharts.com Latest Chart for ENSG ENSG - NASDAQ
Ensign Group Inc
HEALTH SERVICES - Long-Term Care Facilities  
$53.51 +0.50
0.94%

$54.04

272,736
91.22% of 50 DAV
50 DAV is 299,000
$58.14
-7.96%
4/30/2019 $51.46 PP = $53.30
MB = $55.97
Most Recent Note - 6/3/2019 9:01:17 PM
Y - Showing resilience in recent weeks after it reported earnings +22% on +12% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50 DMA line ($52.05) defines near-term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Resilient After Latest Quarterly Report Missed Minimum Guideline - 6/3/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for LULU LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$169.00 +5.13
3.13%

$169.36

1,273,545
55.52% of 50 DAV
50 DAV is 2,294,000
$179.50
-5.85%
3/28/2019 $169.20 PP = $164.89
MB = $173.13
Most Recent Note - 6/4/2019 6:10:26 PM
G - Rebounded but it is still below its 50 DMA line ($170.08) which may act as resistance. Found support last week near prior highs. Due to report Apr '19 quarterly earnings news after the close on Wednesday, June 12th. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Volume Light While Hovering Near High - 5/10/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for ULTA ULTA - NASDAQ
Ulta Beauty Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$335.53 +4.93
1.49%

$340.55

773,514
106.25% of 50 DAV
50 DAV is 728,000
$359.69
-6.72%
3/15/2019 $341.27 PP = $322.59
MB = $338.72
Most Recent Note - 6/4/2019 6:26:14 PM
G - Posted a gain today, but still needs gains above its 50 DMA line ($345) for its outlook to improve. Rebounded from a deep early loss on 5/31/19 after gapping down. Reported earnings +17% on +13% sales revenues for the Apr '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Faces resistance due to overhead supply up to the $359 level.
>>> 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 
StockCharts.com Latest Chart for ESNT ESNT - NYSE
Essent Group Ltd
Finance-MrtgandRel Svc  
$47.40 +0.60
1.28%

$47.64

1,086,227
182.87% of 50 DAV
50 DAV is 594,000
$48.88
-3.03%
3/18/2019 $45.84 PP = $45.06
MB = $47.31
Most Recent Note - 6/3/2019 9:05:20 PM
Y - Its 50 DMA line ($46.26) defines near term support to watch. Faces very little resistance due to overhead supply up to the $50 level. Still perched near its 52-week high. Recently reported earnings +15% on +20% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> 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 
StockCharts.com Latest Chart for FIVE FIVE - NASDAQ
Five Below Inc
Retail-DiscountandVariety  
$126.58 +2.08
1.67%

$128.18

1,209,210
101.36% of 50 DAV
50 DAV is 1,193,000
$148.22
-14.60%
4/11/2019 $132.05 PP = $133.75
MB = $140.44
Most Recent Note - 6/3/2019 9:19:04 PM
G - Slumped further below its 50 DMA line ($132) with today's big loss. Testing the recent low ($123.64 on 5/20/19) and its 200 DMA line defining the next important near-term support. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rallied But Slumped Back Near 50-Day Moving Average - 5/28/2019
 |  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
StockCharts.com Latest Chart for NOW NOW - NYSE
Servicenow Inc
Computer Sftwr-Enterprse  
$257.55 +9.17
3.69%

$258.07

1,520,080
85.59% of 50 DAV
50 DAV is 1,776,000
$281.74
-8.59%
4/22/2019 $242.64 PP = $251.75
MB = $264.34
Most Recent Note - 6/4/2019 6:17:35 PM
G - Rebounded above its 50 DMA line ($256) with today's big gain after finding support near the prior high ($251.65 on 3/21/19). Recently reported earnings +20% on +34% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns, fundamentally.
>>> FEATURED STOCK ARTICLE : Leader Consolidating Above 50-Day Moving Average Line - 5/29/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for QLYS QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$85.39 +3.51
4.29%

$85.42

318,589
101.49% of 50 DAV
50 DAV is 313,900
$98.30
-13.13%
5/23/2019 $90.43 PP = $98.40
MB = $103.32
Most Recent Note - 6/4/2019 6:13:29 PM
G - Rebounded near its 50 today after finding prompt support near its 200 DMA line. Its Relative Strength Rating is 77, below the 80+ minimum guideline for buy candidates. Met stubborn resistance in the $97-98 area. 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
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for VEEV VEEV - NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical  
$155.58 +6.37
4.27%

$155.97

2,323,528
192.35% of 50 DAV
50 DAV is 1,208,000
$156.98
-0.89%
5/30/2019 $154.32 PP = $145.80
MB = $153.09
Most Recent Note - 6/4/2019 12:40:31 PM
Y - Pulled back for 2 consecutive volume-driven losses after rallying from an advanced "3 weeks tight" base. Reported earnings +52% on +25% sales revenues for the Apr '19 quarter, marking its 5th strong quarter with earnings above the +25% minimum guideline (C criteria). Disciplined investors will note that no new buying efforts are to be made during market corrections (M criteria) under the fact-based investment system's rules. Watch for a confirmed rally with a follow-through day first. See the latest FSU analysis for more details and an annotated graph.

>>> FEATURED STOCK ARTICLE : Big Volume-Driven Gain for New High Following Earnings News - 5/30/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for PAYC PAYC - NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$209.02 +11.68
5.92%

$209.15

1,000,866
139.01% of 50 DAV
50 DAV is 720,000
$215.65
-3.07%
2/6/2019 $171.66 PP = $164.18
MB = $172.39
Most Recent Note - 6/4/2019 6:11:57 PM
G - Rebounded near its all-time high with today's big gain after testing its 50 DMA line ($197.77) which defines important near-term support to watch. Reported earnings +25% on +30% sales revenues for the Mar '19 quarter.
>>> FEATURED STOCK ARTICLE : Posted Volume-Driven Gain While Hovering Near All-Time High - 5/31/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for PYPL PYPL - NASDAQ
Paypal Holdings Inc
Finance-CrdtCard/PmtPr  
$108.73 +3.21
3.04%

$108.83

7,269,868
119.08% of 50 DAV
50 DAV is 6,105,000
$114.66
-5.17%
1/24/2019 $92.56 PP = $93.80
MB = $98.49
Most Recent Note - 6/3/2019 9:20:38 PM
G - Violated its 50 DMA line ($108.38) and prior low ($106.52) with today's big volume-driven loss triggering technical sell signals. Recently reported earnings +37% on +12% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Hovering Near All Time High Extended From Any Sound Base - 5/15/2019
 |  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
StockCharts.com Latest Chart for PLNT PLNT - NYSE
Planet Fitness Inc Cl A
Leisure-Services  
$77.51 +1.12
1.47%

$77.65

1,280,699
90.57% of 50 DAV
50 DAV is 1,414,000
$81.76
-5.20%
11/7/2018 $57.10 PP = $55.45
MB = $58.22
Most Recent Note - 6/4/2019 6:23:50 PM
G - Extended from any sound base, consolidating above its 50 DMA line ($73.96) and prior low which define near-term support levels to watch. Violations would raise concerns and trigger technical sell signals. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Pulling Back From High After Impressive Rally - 5/23/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for BLD BLD - NYSE
Topbuild Corp
Bldg-Constr Prds/Misc  
$81.62 +1.63
2.04%

$81.72

392,591
125.83% of 50 DAV
50 DAV is 312,000
$87.21
-6.41%
5/17/2019 $82.19 PP = $87.31
MB = $91.68
Most Recent Note - 6/4/2019 6:21:18 PM
Y - Posted a 4th consecutive gain today with ever-increasing volume. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Near Prior High - 5/20/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TEAM TEAM - NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs  
$122.65 +5.35
4.56%

$122.73

1,324,712
72.75% of 50 DAV
50 DAV is 1,821,000
$132.87
-7.69%
5/24/2019 $129.52 PP = $132.09
MB = $138.69
Most Recent Note - 6/4/2019 6:14:26 PM
Y - Posted a gain today with lighter volume after testing the prior high ($117) which defines important neat-term support to watch. More damaging losses would raise greater concerns and trigger a technical sell signal. Reported earnings +133% on +38% sales revenues for the Mar '19 quarter, continuing its strong earnings track record.

>>> FEATURED STOCK ARTICLE : Perched Near All-Time High After "3-Weeks Tight" - 5/24/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for GLOB GLOB - NYSE
Globant SA
Computer-Tech Services  
$89.88 +2.44
2.79%

$90.34

371,028
101.37% of 50 DAV
50 DAV is 366,000
$93.50
-3.87%
2/15/2019 $69.35 PP = $70.00
MB = $73.50
Most Recent Note - 6/3/2019 9:12:51 PM
G - Abruptly retreated from its all-time high with a big loss today on higher volume. Very extended from any sound base. Its 50 DMA line ($80.81) defines important support above the prior high ($74). Violations would raise concerns and trigger technical sell signals. Reported earnings +32% on +22% sales revenues for the quarter ended March 31st, 2019 versus the year ago period, continuing its strong earning track record.
>>> FEATURED STOCK ARTICLE : Earnings News Due While Perched Near All-Time High - 5/7/2019
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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