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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 16TH, 2013
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Indices NYSE Nasdaq
DOW  +118.72 15,494.78 +0.77% Volume 654,653,210 +15% Volume 1,496,484,930 +5%
NASDAQ -4.33 3,717.85 -0.12% Advancers 2,054 66% Advancers 1,372 52%
S&P 500 +9.61 1,697.60 +0.57% Decliners 954 31% Decliners 1,138 43%
Russell 2000 +2.27 1,056.25 +0.22% 52 Wk Highs 236   52 Wk Highs 201  
S&P 600 +1.40 596.77 +0.24% 52 Wk Lows 26   52 Wk Lows 17  

Leadership Expands With Positive Breadth and Higher Volume

The Dow Jones Industrial Average and S&P 500 Index posted gains while the Nasdaq Composite Index which had been up as many as 34 points closed down 4 points at 3,717 on Monday. Volume totals were higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 2-1 margin on the NYSE, meanwhile, advancers had only a 7-6 lead over decliners on the Nasdaq exchange.  Leadership expanded encouragingly as there were 86 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, more than doubling the total of 35 stocks on the prior session. The list of stocks hitting new 52-week highs swelled and solidly outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 13 of the 21 high-ranked companies currently included on the Featured Stocks Page.

 

The major averages traded in positive territory for most of the session attributed to former Treasury Secretary Larry Summers withdrawing his name from consideration to be next Fed chairman. The market also climbed after the U.S. and Russia agreed on a plan to remove Syria’s chemical weapons. The market moved off the session highs as system issues caused a temporary halt in options trading. On the economic front, reports on manufacturing showed activity in the New York region slowed in September and industrial production grew 0.4% in August.

In M&A news, Boise Inc.(BZ +26.1%) rose after Packing Corp of America (PKG +10.78%) agreed to buy its rival for $2 billion. Eight of 10 sectors were up, led by advances in industrials and financials. Aircraft maker Boeing Co (BA +3.90%) and insurer The Travelers Companes Inc (TRV +1.21%) rose. Tech was the worst performing group with Apple Inc (AAPL -3.18%) and Hewlett-Packard Co (HPQ -1.50%) falling.

Treasuries were mostly higher with the 10-year note up 3/32 to yield 2.87%.

New buying efforts in stocks are justified under the fact-based system while the market (M criteria) is currently in a confirmed rally. 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 benchmark S&P 500 Index is up +19% year-to-date and perched very near its all-time high. It finished 12 points below its best-ever close. Gains above the prior high may help the broad-based rally gain additional upward momentum.


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, and Healthcare Indexes Rose

Gains for the Bank Index ($BKX +0.80%) and Broker/Dealer Index ($XBD +0.88%) helped underpin the major averages on Monday. The tech sector was mixed as the Networking Index ($NWX -0.49%) fell, the Internet Index ($IIX -0.07%) finished flat, yet the Biotechnology Index ($BTK +0.25%) and the Semiconductor Index ($SOX +0.43%) posted small gains.  The Oil Services Index ($OSX +0.73%) rose while the Integrated Oil Index ($XOI -0.12%) ended slightly lower on the session. Defensive groups were mixed as the Gold & Silver Index ($XAU -0.77%) edged lower while the Healthcare Index ($HMO +1.46%) posted a solid gain.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.26%) posted a small gain. It found support while consolidating after recently rallying above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  273.27 +1.98 +0.73% +24.12%
Healthcare $HMO  3,631.50 +52.22 +1.46% +44.44%
Integrated Oil $XOI  1,400.47 -1.73 -0.12% +12.77%
Semiconductor $SOX  490.35 +2.12 +0.43% +27.68%
Networking $NWX  300.28 -1.47 -0.49% +32.55%
Internet $IIX  414.81 -0.29 -0.07% +26.85%
Broker/Dealer $XBD  139.90 +1.22 +0.88% +48.31%
Retail $RLX  834.82 +2.14 +0.26% +27.83%
Gold & Silver $XAU  94.94 -0.74 -0.77% -42.67%
Bank $BKX  64.19 +0.51 +0.80% +25.18%
Biotech $BTK  2,213.81 +5.61 +0.25% +43.10%


Finished Lower After "Negative Reversal"

Eagle Bancorp Inc (EGBN -$0.27 or -0.98% to $27.26) was highlighted in yellow with a new pivot point based on its 7/25/13 high plus 10 cents in the earlier mid-day report (read here). It gapped up today and hit a new 52-week high, briefly trading above its pivot point, then reversing into the red. The technical term for that is a "negative reversal", and the action indicates that it encountered distributional (selling) pressure when poised to potentially produce a strong technical breakout. A subsequent volume-driven gain and close above the pivot point could trigger a proper technical buy signal. Disciplined investors will watch for proof of fresh institutional buying demand to confirm that demand is lurking which might lead to a meaningful advance in price. 

Not long ago it reported earnings +33% on +15% sales revenues for the Jun '13 quarter. It found support at its 50-day moving average (DMA) line again since noted in the 7/26/13 mid-day report - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years." The red circle indicates those years when earnings waned.

The number of top-rated funds owning its shares rose from 134 Sep '12 to 159 in Jun '13, a reassuring trend concerning the I criteria. 

 


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
AVG - NYSE
A V G Technologies N.V.
INTERNET - Internet Software and Services  
$24.60 +1.35
5.81%

$24.83

3,825,622
500.08% of 50 DAV
50 DAV is 765,000
$23.78
3.45%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/16/2013 7:00:13 PM
Y - Triggered a technical buy signal with 5 times average volume behind today's gain above the pivot point based on its 8/06/13 high plus 10 cents noted in the 9/13/13 mid-day report (read here). More details and an annotated graph were included on 9/13/13 in the latest FSU analysis under the headline, "Rallying Near Pivot Point With Greater Volume Conviction".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.

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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$15.62 -0.12
-0.76%

$16.62

434,787
126.83% of 50 DAV
50 DAV is 342,800
$18.10
-13.70%
8/7/2013 $12.01 PP = $13.30
MB = $13.97
Most Recent Note - 9/12/2013 4:02:47 PM
G - Gapped down today, retreating with heavy volume following a best-ever close on the prior session. During its choppy consolidation it found support above its 50 DMA line and prior highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.

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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$148.04 -1.44
-0.96%

$151.20

2,651,438
108.40% of 50 DAV
50 DAV is 2,445,900
$151.00
-1.96%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/12/2013 4:08:38 PM
Y - Wedging into new high territory this week with a streak of gains lacking volume conviction. New pivot point is cited based on its 8/01/13 high plus 10 cents, and subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. It formed a base-on-base type pattern. Its 50 DMA line defines important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.26 -0.27
-0.98%

$28.24

132,059
189.74% of 50 DAV
50 DAV is 69,600
$27.79
-1.91%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/16/2013 6:53:19 PM
Y - Finished lower today following a "negative reversal" after hitting a new 52-week high. Highlighted in yellow with a new pivot point based on its 7/25/13 high plus 10 cents. Reported earnings +33% on +15% sales revenues for the Jun '13 quarter. Found support at its 50 DMA line again since noted in the 7/26/13 mid-day report - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years." See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$108.47 +1.24
1.16%

$109.81

441,885
72.04% of 50 DAV
50 DAV is 613,400
$110.42
-1.77%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/12/2013 12:33:46 PM
G - Blasted beyond its "max buy" level to new highs after pricing a 2.75M share Secondary Offering at $105.25. FLT has traded up as much as +55% since first featured in yellow in the mid-day report on 3/21/13 (read here)
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2013. Click here.

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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
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$41.57 -0.08
-0.19%

$42.28

408,540
48.57% of 50 DAV
50 DAV is 841,200
$44.30
-6.16%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/12/2013 5:47:27 PM
Y - Rebounded above its 50 DMA line, its color code is changed to yellow while building on a new base with pivot point based on its 8/14/13 high. Subsequent volume-driven gains may trigger a new technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$74.30 +0.27
0.36%

$75.24

1,471,281
41.35% of 50 DAV
50 DAV is 3,558,500
$76.74
-3.18%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/10/2013 7:39:15 PM
G - Retreated from its high with above average volume behind today's big loss and it finished near the session low. Its 50 DMA line defines support above prior highs in the $66 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$36.88 +0.40
1.10%

$37.48

242,609
59.55% of 50 DAV
50 DAV is 407,400
$37.19
-0.83%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/12/2013 5:40:47 PM
G - Perched near its all-time high but fundamental concerns remain while technical action has been reassuring. See latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2013. Click here.

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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$25.06 -0.18
-0.71%

$25.50

54,741
146.76% of 50 DAV
50 DAV is 37,300
$26.96
-7.05%
9/9/2013 $25.75 PP = $26.07
MB = $27.37
Most Recent Note - 9/12/2013 12:52:07 PM
Y - Trading at a new 52-week high today. The company announced plans to pay a Special Dividend to shareholders of record 9/16/13. Held its ground stubbornly and rose since a volume-driven breakout gain on 9/05/13. See the latest FSU analysis for more details and an annotated weekly graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2013. Click here.

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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$967.74 +0.92
0.10%

$979.99

453,109
70.35% of 50 DAV
50 DAV is 644,100
$994.98
-2.74%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/13/2013 8:30:57 PM
Y - Color code is changed to yellow with new pivot point cited based on its 8/09/13 high plus 10 cents. Consolidating in an orderly fashion above prior highs, still building a new flat base. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2013. Click here.

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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
PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$58.97 +0.50
0.86%

$59.20

293,962
53.44% of 50 DAV
50 DAV is 550,100
$59.45
-0.80%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/10/2013 7:33:47 PM
G - Hit a new 52-week high and rallied above its "max buy" level with today's 6th consecutive gain and its color code is changed to green. Found support above its 50 DMA line during the latest consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$74.75 +2.49
3.45%

$75.47

244,435
61.28% of 50 DAV
50 DAV is 398,900
$76.73
-2.58%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/16/2013 6:54:53 PM
G - Gapped up today and posted a gain with light volume. Support to watch is at prior highs and above its 50 DMA line coinciding in the $67 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2013. Click here.

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QCOR - NASDAQ
Questcor Pharmaceuticals
DRUGS - Biotechnology  
$65.27 +2.20
3.49%

$66.23

1,122,489
66.56% of 50 DAV
50 DAV is 1,686,500
$74.76
-12.69%
7/31/2013 $66.46 PP = $59.01
MB = $61.96
Most Recent Note - 9/16/2013 6:57:03 PM
G - Consolidating above its 50 DMA line defining important near-term support. A subsequent violation would trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$45.20 -0.21
-0.46%

$46.60

892,273
105.37% of 50 DAV
50 DAV is 846,800
$53.77
-15.94%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/12/2013 3:58:49 PM
G - Retreating from all-time highs with above average volume behind today's 2nd consecutive loss. It is still very extended from any sound base. Recent highs near $42 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2013. Click here.

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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$38.19 +0.47
1.25%

$38.29

411,410
115.63% of 50 DAV
50 DAV is 355,800
$38.80
-1.57%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/10/2013 7:35:28 PM
Y - Rallied for a solid gain with 2 times average volume today while approaching a new pivot point cited based on its 8/02/13 high plus 10 cents. Subsequent volume-driven gains may trigger a new buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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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
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$93.45 +1.13
1.22%

$97.39

2,532,639
245.51% of 50 DAV
50 DAV is 1,031,600
$113.49
-17.66%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/12/2013 3:55:01 PM
Y - Color code is changed to yellow while slumping below its "max buy" level, sinking near its 50 DMA line and prior highs with above average volume behind today's 7th consecutive loss. Proposed a new Public Offering on 9/09/13 perched near all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. Click here.

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STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$43.47 -0.14
-0.32%

$44.83

71,419
55.02% of 50 DAV
50 DAV is 129,800
$46.47
-6.46%
7/31/2013 $40.00 PP = $42.98
MB = $45.13
Most Recent Note - 9/12/2013 3:56:42 PM
Y - Holding its ground stubbornly with volume totals cooling after 7 consecutive gains to a best-ever close. 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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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.93 +0.07
0.39%

$18.21

304,500
187.27% of 50 DAV
50 DAV is 162,600
$18.38
-2.45%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/12/2013 1:03:15 PM
G - Perched at its 52-week high today following a streak of 10 consecutive gains, extended from its prior base. Prior highs define important near-term support to watch near $16 on pullbacks. Rallied +12% higher since highlighted on 9/04/13 under the headline, "Forming Sound Set-Up While "M" Correction Remains Overriding Concern".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2013. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$22.72 -0.21
-0.92%

$23.49

481,220
96.21% of 50 DAV
50 DAV is 500,200
$23.72
-4.22%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/12/2013 1:34:42 PM
Y - Color code is changed to yellow with pivot point cited based on its May 2012 high plus 10 cents. Hovering at its 52-week high after recently topping its 2012 high with a recent spurt of gains backed by above average volume, and it is on track for its 16th weekly gain in the span of 18 weeks. Prior mid-day report repeatedly noted - "Fundamentals remain strong with great earnings increases through the Jun '13 quarter. Rebounded and rallied impressively following a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 8/28/12."

>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2012. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$101.22 +2.02
2.04%

$101.33

798,057
67.44% of 50 DAV
50 DAV is 1,183,300
$105.40
-3.97%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/11/2013 8:19:59 PM
Y- Color code is changed to yellow with new pivot point cited based on its 8/14/13 high plus 10 cents. Recent insider buying while trading near its highs has been noted as an encouraging sign. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. Click here.

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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
YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$34.91 +0.53
1.54%

$35.14

4,700,855
191.43% of 50 DAV
50 DAV is 2,455,700
$35.88
-2.70%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/13/2013 8:46:28 PM
Y - Tallied a 4th consecutive small loss today while holding its ground just -4.2% off its 52-week high.Found support at its 50 DMA line, important near-term support to watch. A valid secondary buy point exists up to +5% above its prior high.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2013. Click here.

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