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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 3RD, 2013
Previous After Market Report Next After Market Report >>>
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DOW |
+23.65 |
14,833.96 |
+0.16% |
|
Volume |
787,072,450 |
+2% |
|
Volume |
1,565,248,950 |
+26% |
NASDAQ |
+20.33 |
3,610.20 |
+0.57% |
|
Advancers |
1,640 |
53% |
|
Advancers |
1,644 |
63% |
S&P 500 |
+6.80 |
1,639.77 |
+0.42% |
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Decliners |
1,365 |
44% |
|
Decliners |
892 |
34% |
Russell 2000 |
+5.37 |
1,016.26 |
+0.53% |
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52 Wk Highs |
50 |
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|
52 Wk Highs |
82 |
|
S&P 600 |
+2.30 |
575.12 |
+0.40% |
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52 Wk Lows |
62 |
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52 Wk Lows |
30 |
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Indices Gained Ground But Ended Off Highs of Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages gained ground on Tuesday but finished off their best levels of the day. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by an 8-7 margin on the NYSE and by nearly a 3-1 margin on the Nasdaq exchange. There were 31 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 a total of 15 stocks on the prior session. The list of stocks hitting new 52-week lows outnumbered new 52-week highs on the NYSE while new highs again outnumbered new lows on the Nasdaq exchange. There were gains for 15 of the 16 high-ranked companies currently included on the Featured Stocks Page. The market (M criteria) is technically still in a "correction", and historic studies suggest that no new buying efforts should be made during market corrections. An ideal turning point to watch for would be a solid follow-through day of gains greater than +1.5% from at least one of the 3 major averages with higher volume totals and an expansion in leadership (new 52-week highs).
The major averages initially rallied thanks to better-than-expected economic data. The ISM manufacturing index unexpectedly increased further above a two-year high and construction spending rose to the highest level since June 2009. However, the early advance faded as fears of an imminent attack on Syria resurfaced after President Obama received support for military action from the top two Republicans in the House.
Overall, eight of the 10 S&P 500 sectors gained ground. Financials and Consumer Discretionary paced the advance, led by Citigroup Inc's (C +2.15%) gain Amazon.com Inc (AMZN +2.78%). Meanwhile, the Technology sector eked out minor gains despite Microsoft Corp's (MSFT -4.55%) big loss following the announcement it will buy Nokia Inc's (NOK +31.28%) handset business. Telecommunications lagged behind as Verizon Communications Inc (VZ -2.8%) fell after agreeing to acquire Vodafone's (VOD -1/05%) stake in their Verizon Wireless joint venture.
In fixed-income, Treasury prices dropped. The 10-year note fell 20/32 to yield 2.86% and the 30-year bond lost over a full point and a half to yield 3.79%.
The Dow and S&P remain below their respective 50-day moving average lines, and rebounds above those short term averages would be another encouraging sign to watch for before one can truly consider those indices in "healthy" shape chart-wise.
Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert. The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.
PICTURED: The Dow Jones Industrial Average posted a small gain on Day 4 of its rally attempt. Losses must not undercut the indices' Day 1 lows, which would technically end the brief rally attempt and signal that the correction was worsening, The outlook is somewhat encouraging. It and the 3 major averages should be trading above its 50-day moving average (DMA) line. It is important to watch for a proper follow-through day (FTD) to signal convincingly that a solid rally is at hand before new buying efforts in stocks may be justified under the fact-based system. Patience and discipline remain paramount.
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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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Financial, Retail, Tech, Healthcare, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.47%) had a slightly positive bias while the Bank Index ($BKX +0.47%). Energy-related shares rose and boosted the market as the Oil Services Index ($OSX +0.67%) and the Integrated Oil Index ($XOI +0.71%) posted small gains. The Biotechnology Index ($BTK +2.09%) and the Networking Index ($NWX +2.12%) provided leadership while the Semiconductor Index ($SOX +0.86%), and the Internet Index ($IIX +1.18%) followed. Defensive groups also edged higher as the Gold & Silver Index ($XAU +1.21%) and the Healthcare Index ($HMO +1.32%) rose
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +1.26%) recently found support at its 50-day moving average (DMA) line near prior highs.
Oil Services |
$OSX |
258.39 |
+1.72 |
+0.67% |
+17.36% |
Healthcare |
$HMO |
3,390.70 |
+44.27 |
+1.32% |
+34.86% |
Integrated Oil |
$XOI |
1,378.03 |
+9.71 |
+0.71% |
+10.97% |
Semiconductor |
$SOX |
461.64 |
+3.94 |
+0.86% |
+20.20% |
Networking |
$NWX |
281.51 |
+5.84 |
+2.12% |
+24.26% |
Internet |
$IIX |
397.06 |
+4.64 |
+1.18% |
+21.43% |
Broker/Dealer |
$XBD |
132.68 |
+1.65 |
+1.26% |
+40.65% |
Retail |
$RLX |
812.91 |
+3.79 |
+0.47% |
+24.48% |
Gold & Silver |
$XAU |
104.69 |
+1.25 |
+1.21% |
-36.78% |
Bank |
$BKX |
62.50 |
+0.29 |
+0.47% |
+21.88% |
Biotech |
$BTK |
2,100.03 |
+43.02 |
+2.09% |
+35.75% |
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Consolidating Above Prior Highs and 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Biotauto Hldgs Ltd Ads (BITA +$0.23 +1.68% to $13.95) is consolidating above its 50-day moving average (DMA) line and prior highs. Disciplined investors always limit losses if any stock falls more than -7-8% from their purchase price. BITA was last shown in this FSU section on 8/07/13 with an annotated graph under the headline, "Found Prompt Support After Undercutting 50-Day Average", after highlighted in yellow with pivot point based on its 5/08/13 high plus 10 cents in the earlier mid-day report (read here).
This China-based Internet-Content firm reported Second Quarter 2013 financial results +109% on +41% sales revenues. Its quarterly and annual earnings (C and A criteria) history has been strong. It spiked to new highs with above average volume gains clearing its choppy 13-week base pattern on 8/08 and 8/09. The volume-driven gains triggered a technical buy signal and it quickly got extended.
Its small supply (S criteria) of only 13.9 million shares in the public float can contribute to great volatility in the event of institutional buying or selling. There are 25 top-rated mutual funds that currently own an interest in the company, a reassuring sign concerning the I criteria. Its Up/Down Volume Ratio of 1.6 is an unbiased indication that its shares have been under accumulation over the past 50 days.
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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 |
BITA
-
NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers
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$13.95
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+0.23
1.68% |
$14.40
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303,145 131.23% of 50 DAV
50 DAV is 231,000
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$18.10 -22.93%
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8/7/2013
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$12.01
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PP = $13.30
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MB = $13.97
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Most Recent Note - 9/3/2013 9:37:55 PM
G - Consolidating above its 50 DMA line and prior highs. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.
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C
A N
S L
I M
|
CELG
-
NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major
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$143.01
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+3.03
2.16% |
$144.73
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2,399,319 94.93% of 50 DAV
50 DAV is 2,527,400
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$149.92 -4.61%
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7/11/2013
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$133.25
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PP = $131.92
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MB = $138.52
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Most Recent Note - 8/27/2013 7:53:51 PM
Y - Down today amid widespread market weakness (M criteria). Still consolidating above prior highs in the $131 area and above its 50 DMA line, defining important chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2013. Click here.
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C
A N
S L
I M
|
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$105.80
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+2.69
2.61% |
$106.13
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509,185 75.66% of 50 DAV
50 DAV is 673,000
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$108.38 -2.38%
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8/19/2013
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$99.01
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PP = $100.97
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MB = $106.02
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Most Recent Note - 9/3/2013 9:36:46 PM
Y- Gain on light volume today for a best-ever close. Rising from an advanced "3-weeks tight" base, albeit a riskier "late stage" base. Keep in mind the M criteria argues against new buying efforts until a new confirmed rally. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2013. Click here.
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C
A N
S L
I M
|
GNRC
-
NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment
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$39.70
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+0.11
0.28% |
$40.20
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553,760 54.94% of 50 DAV
50 DAV is 1,007,900
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$44.30 -10.38%
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7/30/2013
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$42.60
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PP = $42.10
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MB = $44.21
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Most Recent Note - 8/29/2013 12:37:49 PM
Y - Testing support at its 50 DMA line today. Any further deterioration would raise concerns and trigger a technical sell signal. Stalled after a recent rally from an advanced "3-weeks tight" base as it priced a Secondary Offering. Disciplined investors always limit losses by selling if any stock falls more than -7% from its purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.
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C
A N
S L
I M
|
KORS
-
NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores
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$74.43
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+0.34
0.46% |
$75.01
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2,963,656 82.89% of 50 DAV
50 DAV is 3,575,300
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$74.28 0.20%
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8/6/2013
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$69.66
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PP = $66.28
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MB = $69.59
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Most Recent Note - 8/29/2013 6:24:31 PM
G - Finished at a new high close today with another gain on below average volume. Prior highs in the $66 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2013. Click here.
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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 |
LOPE
-
NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services
|
$35.01
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+0.50
1.45% |
$35.19
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185,950 42.49% of 50 DAV
50 DAV is 437,600
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$37.17 -5.81%
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6/19/2013
|
$31.47
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PP = $34.17
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MB = $35.88
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Most Recent Note - 8/28/2013 9:07:30 PM
G - Consolidating near its 50 DMA line, an important support level for chart readers. Recently reported earnings +15% on +19% sales for the Jun '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 8/14/2013. Click here.
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C
A N
S L
I M
|
PCLN
-
NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services
|
$942.83
|
+4.30
0.46% |
$953.65
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441,965 65.83% of 50 DAV
50 DAV is 671,400
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$994.98 -5.24%
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7/8/2013
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$878.28
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PP = $847.43
|
MB = $889.80
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Most Recent Note - 8/30/2013 4:48:13 PM
G - Consolidating above prior highs with volume totals cooling, extended from any sound base. Reported earnings +24% on +27% sales revenues for the Jun '13 quarter, just under the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2013. Click here.
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C
A N
S L
I M
|
PRAA
-
NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services
|
$53.14
|
+0.10
0.19% |
$54.30
|
452,330 86.03% of 50 DAV
50 DAV is 525,800
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$57.57 -7.69%
|
7/31/2013
|
$51.43
|
PP = $54.72
|
MB = $57.46
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Most Recent Note - 8/28/2013 9:06:04 PM
Y - Slump below its old high close ($53.86 on 6/17/13) completely negated the recent technical breakout. See latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2013. Click here.
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C
A N
S L
I M
|
PRLB
-
NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories
|
$72.50
|
+1.46
2.06% |
$72.69
|
287,108 63.90% of 50 DAV
50 DAV is 449,300
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$72.91 -0.56%
|
7/29/2013
|
$64.86
|
PP = $67.50
|
MB = $70.88
|
Most Recent Note - 8/27/2013 8:10:44 PM
Y - Pulled back on light volume today, consolidating above support at its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2013. Click here.
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C
A N
S L
I M
|
QCOR
-
NASDAQ
Questcor Pharmaceuticals
DRUGS - Biotechnology
|
$68.62
|
+1.94
2.91% |
$68.90
|
1,371,205 79.55% of 50 DAV
50 DAV is 1,723,800
|
$74.76 -8.21%
|
7/31/2013
|
$66.46
|
PP = $59.01
|
MB = $61.96
|
Most Recent Note - 8/30/2013 7:17:20 PM
G - Encountered mild distributional pressure with a loss on higher (near average) volume amid a widely negative market (M criteria). It is extended beyond its "max buy" level. >>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2013. Click here.
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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 |
SFUN
-
NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers
|
$47.12
|
+5.35
12.81% |
$47.48
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2,069,185 337.61% of 50 DAV
50 DAV is 612,900
|
$42.15 11.79%
|
7/16/2013
|
$29.54
|
PP = $27.90
|
MB = $29.30
|
Most Recent Note - 9/3/2013 12:38:04 PM
G - Gapped up today for another volume-driven gain into new high territory, showing strength and recent resilience amid widespread market (M criteria) weakness. It is extended from a sound base. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2013. Click here.
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C
A N
S L
I M
|
SSNC
-
NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software
|
$35.31
|
-0.08
-0.23% |
$36.32
|
202,453 48.09% of 50 DAV
50 DAV is 421,000
|
$38.80 -8.99%
|
7/11/2013
|
$35.80
|
PP = $34.54
|
MB = $36.27
|
Most Recent Note - 8/30/2013 6:59:28 PM
Y - Still quietly consolidating above its 50 DMA line and prior highs in the $34 area defining important support with volume totals cooling. Disciplined investors always limit losses if ever any stock falls more than -7% from their purchase price. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2013. Click here.
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C
A N
S L
I M
|
SSYS
-
NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals
|
$110.26
|
+2.99
2.79% |
$112.83
|
1,085,738 129.55% of 50 DAV
50 DAV is 838,100
|
$113.49 -2.85%
|
7/8/2013
|
$91.44
|
PP = $95.00
|
MB = $99.75
|
Most Recent Note - 9/3/2013 12:39:11 PM
G - Perched at its all-time high, extended from its prior base. Prior highs in the $96 area define initial support to watch on pullbacks. >>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2013. Click here.
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C
A N
S L
I M
|
STMP
-
NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services
|
$42.57
|
+0.69
1.65% |
$43.04
|
107,954 82.22% of 50 DAV
50 DAV is 131,300
|
$46.47 -8.39%
|
7/31/2013
|
$40.00
|
PP = $42.98
|
MB = $45.13
|
Most Recent Note - 8/30/2013 7:03:50 PM
Y - Posted a 3rd consecutive gain today against a mostly negative market backdrop (M criteria). Recently found encouraging support at its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2013. Click here.
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$99.35
|
+1.01
1.03% |
$100.26
|
1,070,493 77.52% of 50 DAV
50 DAV is 1,380,900
|
$105.40 -5.74%
|
4/30/2013
|
$60.24
|
PP = $76.66
|
MB = $80.49
|
Most Recent Note - 8/30/2013 7:05:51 PM
G- Holding its ground -6.7% off its 52-week high and recent insider buying while trading near its highs is an encouraging sign. Reported earnings +33% on +34% sales revenues for the Jun '13 quarter, above the +25% minimum earnings guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2013. Click here.
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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 |
YNDX
-
NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers
|
$32.02
|
+0.02
0.06% |
$32.50
|
1,743,479 72.44% of 50 DAV
50 DAV is 2,406,800
|
$34.79 -7.96%
|
7/10/2013
|
$29.29
|
PP = $29.59
|
MB = $31.07
|
Most Recent Note - 8/29/2013 1:06:01 PM
G - Enduring mild distributional pressure this week and nearly testing its 50 DMA line today, important near-term support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2013. Click here.
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A N
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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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