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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 24TH, 2013
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Indices NYSE Nasdaq
DOW  -66.79 15,334.59 -0.43% Volume 673,756,600 -2% Volume 1,732,899,170 +5%
NASDAQ +2.96 3,768.25 +0.08% Advancers 1,644 53% Advancers 1,391 53%
S&P 500 -4.42 1,697.42 -0.26% Decliners 1,360 44% Decliners 1,115 43%
Russell 2000 +2.55 1,074.68 +0.24% 52 Wk Highs 144   52 Wk Highs 165  
S&P 600 +1.94 606.95 +0.32% 52 Wk Lows 26   52 Wk Lows 18  

Major Averages Ended Lower Even While Advancers Edged Out Decliners

The major averages finished mostly lower on Tuesday. The Dow was down 66 points to 15,334. The S&P 500 Index fell for the fourth straight session as it lost over 4 points to 1,697. The Nasdaq Composite Index eked out a gain of nearly 3 points to 3,768. Volume totals were mixed, lighter on the NYSE and higher on the Nasdaq exchange versus Monday's volume totals. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the NYSE and by a 7-6 margin on the Nasdaq exchange.  There were 65 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 the total of 48 stocks on the prior session. The list of stocks hitting new 52-week highs expanded and easily outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 12 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

A batch of mixed economic data caused some investor hesitation. Home prices increased over the last 12 months by the most since February 2006. On the downside, factory activity in the central Atlantic region declined more than expected in September and consumer confidence dropped to a four-month low. The budget battle in Washington added to the cautious tone as the deadline inches closer without a resolution to fund the government past October 1. Fed speak also garnered attention after Regional President Dudley said the central bank may taper its bond-buying program later this year if economic data improves.

Overall, most sectors declined. Telecommunications and Financials were the worst performing groups as Verizon Communications Inc (VZ -1.48%) and JP Morgan Chase & Co (JPM -2.22%) fell. Industrials and Energy advanced to help limit losses as Boeing Co (BA +1.27%) and Schlumberger Ltd (SLB +1.0%) rose.

In fixed-income, Treasuries gained ground and the government sold $33 billion of two-year notes. The 10-year note was up 13/32 to yield 2.65% and the 30-year bond gained over a full point to yield 3.67%.

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 S&P 500 Index made limited headway and stalled after rallying above its August highs. Below its 50-day moving average (DMA) line an upward trendline connecting its lows from November '12, June and August '13, defines the next important technical support level to watch on pullbacks.


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.


Healthcare, Semiconductor, and Retail Indexes Led Gainers

The Healthcare Index ($HMO +0.94%), Semiconductor Index ($SOX +0.70%), and the Retail Index ($RLX +0.35%) were influential groups that were gainers on Tuesday. Energy-linked groups had a slightly positive slant as the Integrated Oil Index ($XOI +0.20%) and Oil Services Index ($OSX +0.07%) edged higher.  The Networking Index ($NWX -0.51%) led the tech sector lower while the Internet Index ($IIX -0.16%), Biotechnology Index ($BTK -0.02%), and the Broker/Dealer Index ($XBD -0.04%were little changed. Weakness in the Bank Index ($BKX -0.42%) and the Gold & Silver Index ($XAU -0.37%) also weighed on the market.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -0.51%) is slumping under prior highs toward its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  271.26 +0.18 +0.07% +23.21%
Healthcare $HMO  3,494.31 +32.66 +0.94% +38.98%
Integrated Oil $XOI  1,413.89 +2.88 +0.20% +13.85%
Semiconductor $SOX  494.73 +3.44 +0.70% +28.82%
Networking $NWX  299.42 -1.53 -0.51% +32.16%
Internet $IIX  415.86 -0.65 -0.16% +27.17%
Broker/Dealer $XBD  138.95 -0.06 -0.04% +47.30%
Retail $RLX  850.00 +2.97 +0.35% +30.16%
Gold & Silver $XAU  93.72 -0.35 -0.37% -43.41%
Bank $BKX  62.29 -0.26 -0.42% +21.47%
Biotech $BTK  2,186.38 -0.33 -0.02% +41.33%


Forming New Set-Up After 50-Day Average Acted as Support

Stamps.Com Inc (STMP +$0.82 or +1.84% to $45.46) finished at a best-ever close with today's gain on light volume. A new pivot point was cited based on its 8/01/13 high plus 10 cents. Subsequent volume-driven gains to new highs may trigger a new (or add-on) technical buy signal. It was last shown in this FSU section with an annotated graph on 8/23/13 under the headline, "Stalled Following Gap Up Gain To New High ". It found encouraging support at its 50-day moving average (DMA) line and it has recently been wedging higher with gains lacking great volume conviction.

After clearing multi-year resistance in the $33 area it subsequently made steady progress. It reported earnings +50% on +14% sales for the quarter ended June 30, 2013 versus the year ago period, continuing its strong earnings track record. It has earned an Earnings Per Share Rating of 99, putting it in the top 1% of all publicly traded stocks based on its earnings history over the past 5 years. The Retail - Internet firm has other strong leaders in the group confirming the L criteria, as the group has an A Group Relative Strength Rating. Its annual earnings (A criteria) history has shown strong and steady increases since FY '09 following a couple of flat years. The number of top-rated funds owning its shares rose from 194 in Dec '12 to 207 in Jun '13, a reassuring sign concerning the I criteria. Its small supply of only 15.6 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.


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  
$25.72 +0.38
1.50%

$25.77

949,060
106.29% of 50 DAV
50 DAV is 892,900
$26.56
-3.15%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/23/2013 12:13:52 PM
G - Retreating from its 52-week high today after getting extended from its prior base with a spurt of volume-driven gains. Prior highs in the $23 area define initial support to watch.
>>> 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  
$16.36 +0.42
2.63%

$16.81

781,625
201.81% of 50 DAV
50 DAV is 387,300
$18.10
-9.61%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 9/24/2013 3:51:59 PM
Y - Color code is changed to yellow with new pivot point cited based on its 9/09/13 high plus 10 cents after an advanced "3-weeks tight" base. Above average volume behind today's 4th consecutive gain has it poised for possibly a best-ever close. A volume-driven gain above its pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line defines important support.
>>> 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  
$146.44 -0.34
-0.23%

$147.68

2,938,268
117.68% of 50 DAV
50 DAV is 2,496,900
$151.95
-3.63%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/24/2013 6:17:17 PM
Y - Encountered mild distributional pressure today. Hit a new 52-week high on 9/20/13 with +208% above average volume, but it finished the just below the pivot point. Its 50 DMA line ($142.14 now) defines near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.94 +0.19
0.68%

$28.43

181,231
253.47% of 50 DAV
50 DAV is 71,500
$28.24
-1.06%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/24/2013 12:22:51 PM
Y - Hitting a new 52-week high with above average volume behind today's 3rd consecutive gain while rallying above the pivot point based on its 7/25/13 high plus 10 cents. A strong finish may help to clinch a convincing technical buy signal.
>>> 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  
$110.42 +0.55
0.50%

$111.08

597,017
95.91% of 50 DAV
50 DAV is 622,500
$112.50
-1.85%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/24/2013 12:29:19 PM
G - Hovering near all-time highs after completing a Secondary Offering on 9/11/13. Its 50 DMA line and recent lows near $100 define important near term support to watch on pullbacks. FLT has traded up as much as +58% 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  
$43.47 +0.59
1.38%

$43.74

634,532
77.78% of 50 DAV
50 DAV is 815,800
$44.30
-1.87%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/23/2013 6:17:19 PM
Y - Pulled back today with lighter but above average volume. Closed at a new high after rallying above its pivot point on Friday with +47% above average volume triggering a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$74.16 -0.85
-1.13%

$75.15

1,837,752
50.24% of 50 DAV
50 DAV is 3,657,600
$78.62
-5.67%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/24/2013 6:12:39 PM
G - Extended from its prior base and consolidating near its 52-week high. Its 50 DMA line (now $70.64) 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  
$38.50 -0.53
-1.36%

$39.01

456,643
116.49% of 50 DAV
50 DAV is 392,000
$39.99
-3.72%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/18/2013 7:39:16 PM
G - Surged to a new all-time high with today's gain backed by above average volume. Fundamental concerns remain while technical action has been reassuring.
>>> 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  
$25.72 -0.14
-0.54%

$25.86

22,169
60.74% of 50 DAV
50 DAV is 36,500
$26.96
-4.60%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/20/2013 6:00:33 PM
G - Color code is changed to green as it is extended from its prior base. Perched at its 52-week high, stubbornly holding its ground and wedging higher with gains lacking great volume conviction since recently paying a $2.00 per share Special Dividend (latest Pivot Point, Max Buy and Featured Price were adjusted to accordingly).
>>> 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  
$1,005.99 +9.23
0.93%

$1,013.63

531,768
86.66% of 50 DAV
50 DAV is 613,600
$1,008.50
-0.25%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/19/2013 7:11:16 PM
Y - Inched higher on below average volume today, wedging above its new pivot point cited based on its 8/09/13 high plus 10 cents. Subsequent volume-driven gains may clinch a proper new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2013. 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  
$59.81 +0.64
1.08%

$60.58

335,293
65.38% of 50 DAV
50 DAV is 512,800
$59.94
-0.22%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/24/2013 6:14:31 PM
G - Hit another new 52-week high with today's gain on light volume, wedging higher and getting more extended from its prior base. 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  
$78.20 -1.08
-1.36%

$80.66

420,924
103.27% of 50 DAV
50 DAV is 407,600
$79.75
-1.94%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/19/2013 7:19:20 PM
G - Hit a new 52-week high with today's 4th consecutive gain with near average 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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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$48.93 -1.05
-2.10%

$51.14

1,497,147
152.20% of 50 DAV
50 DAV is 983,700
$53.77
-9.00%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/24/2013 12:51:08 PM
G - This high-ranked Internet - Content firm may go on to produce more climactic gains, but it is very extended from any sound base. Recent highs near $42 define initial support to watch above its 50 DMA line.
>>> 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  
$38.69 -0.10
-0.26%

$39.33

312,753
71.60% of 50 DAV
50 DAV is 436,800
$39.94
-3.13%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/20/2013 6:12:47 PM
Y - Posted a solid gain today with above average volume, finishing back above the pivot point cited based on its 8/02/13 high plus 10 cents. Recently announced a Secondary Offering while perched at all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$100.56 +2.33
2.37%

$102.00

1,221,324
113.23% of 50 DAV
50 DAV is 1,078,600
$113.49
-11.39%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/24/2013 3:56:29 PM
G - Consolidating above its 50 DMA line. Completed a new Public Offering on 9/13/13. Color code is changed to green while rebounding above its "max buy" level after finding support near prior highs. It has not formed a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. 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
STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$45.46 +0.82
1.84%

$46.00

108,337
83.79% of 50 DAV
50 DAV is 129,300
$46.47
-2.17%
9/24/2013 $45.54 PP = $46.57
MB = $48.90
Most Recent Note - 9/24/2013 6:07:40 PM
Y - Finished at a best-ever close with today's gain on light volume. A new pivot point was cited based on its 8/01/13 high plus 10 cents. Recently found encouraging support at its 50 DMA line. Volume-driven gains to new highs may trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$18.26 +0.10
0.55%

$18.61

178,129
102.55% of 50 DAV
50 DAV is 173,700
$18.38
-0.65%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/20/2013 6:02:09 PM
G - Rallied for a new high close with near average volume today. 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  
$23.37 -0.05
-0.21%

$23.83

524,444
99.27% of 50 DAV
50 DAV is 528,300
$23.88
-2.14%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/24/2013 6:11:35 PM
Y - Trading in a tight range without producing a convincing volume-driven gain since returning to the Featured Stocks list on 9/12/13. Holding its ground stubbornly while remaining perched near its pivot point cited based on its May 2012 high plus 10 cents.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2013. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$103.73 +0.65
0.63%

$104.69

1,965,707
167.04% of 50 DAV
50 DAV is 1,176,800
$106.98
-3.04%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/24/2013 5:36:05 PM
Y- Today's gain was backed by +67% above average volume, however it remains below the pivot point. Gains above the pivot point with volume at least +40% above average are needed to trigger a proper technical buy signal. Recent insider buying while trading near its highs has been noted as an encouraging sign.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. Click here.

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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$37.48 +0.79
2.15%

$37.50

2,819,669
116.12% of 50 DAV
50 DAV is 2,428,300
$38.10
-1.63%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/23/2013 1:22:12 PM
G - Consolidating near its 52-week high after volume-driven gains lifted it above its "max buy" level. Prior highs in the $34 area define support above its 50 DMA line to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. 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

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