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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 25TH, 2013
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Indices NYSE Nasdaq
DOW  -61.33 15,273.26 -0.40% Volume 641,263,150 -5% Volume 1,769,424,910 +2%
NASDAQ -7.15 3,761.10 -0.19% Advancers 1,534 49% Advancers 1,173 45%
S&P 500 -4.65 1,692.77 -0.27% Decliners 1,476 47% Decliners 1,314 50%
Russell 2000 -1.17 1,073.51 -0.11% 52 Wk Highs 109   52 Wk Highs 149  
S&P 600 -1.08 605.87 -0.18% 52 Wk Lows 20   52 Wk Lows 18  

Dow Slumped Below 50-Day Moving Average Line

The S&P 500 Index declined for a fifth day as it lost over 4 points to 1,692. Volume totals were mixed, lighter on the NYSE and higher on the Nasdaq exchange versus the prior session's volume totals. Advancers narrowly led decliners on the NYSE and decliners edged out advancers on the Nasdaq exchange.  There were 51 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the total of 65 stocks on the prior session. The list of stocks hitting new 52-week highs still easily outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 9 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

Washington's ongoing debt debate weighed on the major averages. The Senate and House are at odds over language that would defund President Obama's healthcare law as the budget deadline approaches. Congress has until October 1 to approve a funding mechanism that would avert a government shutdown with a key vote expected later this week. Stocks closed lower despite better than expected economic data.  In addition, bookings for durable goods rose by +0.1% last month, above the consensus projection to fall -0.2%, thanks to the strongest rise in vehicle demand since February.

Overall, most sectors finished lower. Consumer stocks were weak with Wal-Mart Stores Inc (WMT -1.45%) down after a report revealed the company is cutting supply orders amid an inventory backlog. Shares of D.R. Horton Inc (DHI +0.50%) ended off the session high while homebuilders traded higher after a report showed new home sales unexpectedly increased +7.9% last month after falling -14.1% in July. On the earnings front, AutoZone Inc (AZO +2.60%) rose after quarterly results topped analyst estimates. Financials including JP Morgan Chase & Co (JPM +2.74%) were among the best performing sectors, and Materials firms including Newmont Mining Corp (NEM +1.11%) rose as gold and copper prices rose for the first time in four sessions. Health care was down the most in the session. Baxter International Inc (BAX -6.40%) fell hard, and Stryker Corp (SYK -2.88%) fell after agreeing to purchase Mako Surgical for roughly $1.7 billion. Retailer J.C. Penney Co Inc (JCP -14.96%) was the worst performing stock in the S&P 500.

In fixed-income, Treasuries gained ground and a government auction of five-year notes garnered solid demand. The 10-year note was up 10/32 to yield 2.62% and the 30-year bond gained 7/32 to yield 3.66%.

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 Dow Jones Industrial Average closed below its 50-day moving average (DMA) line after 5 consecutive losses. The other major averages are still well above their respective 50 DMA lines.


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.


Bank, Networking, Oil Services, and Gold & Silver Indexes Led Gainers

The Retail Index ($RLX -0.77%) fell and created a drag on the major averages. The Bank Index ($BKX +0.72%) was a positive influence while the Broker/Dealer Index ($XBD -0.14%) edged lower. The Networking Index ($NWX +0.81%) led the tech sector, but the Biotechnology Index ($BTK -0.55%) dragged the tech sector lower, meanwhile the Internet Index ($IIX -0.08%) and the Semiconductor Index ($SOX +0.04%) were each little changed. The Oil Services Index ($OSX +0.67%) posted a modest gain while the Integrated Oil Index ($XOI +0.05%) finished flat. Defensive groups were mixed as the Gold & Silver Index ($XAU +1.66%) rose while the Healthcare Index ($HMO -0.72%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Internet Index ($IIX -0.08%) is consolidating above its August highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  273.08 +1.82 +0.67% +24.04%
Healthcare $HMO  3,468.99 -25.32 -0.72% +37.98%
Integrated Oil $XOI  1,414.53 +0.64 +0.05% +13.91%
Semiconductor $SOX  494.95 +0.22 +0.04% +28.87%
Networking $NWX  301.86 +2.44 +0.81% +33.24%
Internet $IIX  415.53 -0.32 -0.08% +27.07%
Broker/Dealer $XBD  138.76 -0.19 -0.14% +47.10%
Retail $RLX  843.47 -6.53 -0.77% +29.16%
Gold & Silver $XAU  95.28 +1.56 +1.66% -42.46%
Bank $BKX  62.74 +0.45 +0.72% +22.35%
Biotech $BTK  2,174.30 -12.07 -0.55% +40.55%


Extended Following Additional Volume-Driven Gains

Proto Labs Inc (PRLB +$0.63 or +0.81% to $78.83) is extended from its prior base following more volume-driven gains into new high territory. Disciplined investors avoid chasing stocks more than +5% above their prior highs. Patient investors might watch for a new base or secondary buy point to possibly form and be noted in the weeks ahead. Support to watch on pullbacks is at its 50-day moving average (DMA) line. PRLB has traded up as much as +57.8% since first featured at $49.97 highlighted in the 4/10/13 mid-day report (read here). Earnings were +50% on +33% sales revenues for the Jun '13 quarter, continuing its strong growth trend satisfying the C criteria and helping it earn a very high 98 Earnings Per Share rank. 

The high-ranked Electronic - Parts firm was last shown in this FSU section with an annotated graph on 8/27/13 under the headline, "Pulled Back on Lighter Volume". Since then it has distanced itself from prior highs and avoided damaging distribution days. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.  Its small supply of only 19 million shares (S criteria) in the publicly traded float is ideal, yet it can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 131 in Jun '12 to 228 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  
$25.49 -0.23
-0.89%

$25.89

595,286
66.37% of 50 DAV
50 DAV is 896,900
$26.56
-4.01%
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  
$16.00 -0.36
-2.20%

$16.43

451,042
113.56% of 50 DAV
50 DAV is 397,200
$18.10
-11.60%
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  
$145.56 -0.88
-0.60%

$148.02

1,948,987
77.51% of 50 DAV
50 DAV is 2,514,600
$151.95
-4.20%
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  
$27.75 -0.19
-0.68%

$28.19

61,325
82.43% of 50 DAV
50 DAV is 74,400
$28.43
-2.39%
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  
$110.93 +0.51
0.46%

$111.75

653,276
104.32% of 50 DAV
50 DAV is 626,200
$112.50
-1.39%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/25/2013 12:30:23 PM
G - Hovering in a tight range 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  
$43.48 +0.01
0.02%

$44.24

735,985
90.27% of 50 DAV
50 DAV is 815,300
$44.30
-1.85%
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  
$73.18 -0.98
-1.32%

$74.24

2,325,099
64.21% of 50 DAV
50 DAV is 3,621,200
$78.62
-6.92%
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  
$39.05 +0.55
1.43%

$39.45

319,963
81.66% of 50 DAV
50 DAV is 391,800
$39.99
-2.35%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/25/2013 5:51:11 PM
G - Holding its ground near its all-time high while enduring mild distributional pressure. 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  
$25.76 +0.04
0.16%

$26.24

19,891
55.10% of 50 DAV
50 DAV is 36,100
$26.96
-4.45%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/25/2013 5:52:09 PM
G - Hit another new 52-week high today. 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  
$997.32 -8.67
-0.86%

$1,008.77

335,878
54.82% of 50 DAV
50 DAV is 612,700
$1,013.63
-1.61%
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  
$60.24 +0.43
0.72%

$60.82

440,803
86.70% of 50 DAV
50 DAV is 508,400
$60.58
-0.56%
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  
$78.83 +0.63
0.81%

$79.18

239,473
58.32% of 50 DAV
50 DAV is 410,600
$80.66
-2.27%
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 9/25/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$50.00 +1.07
2.19%

$50.47

1,221,123
121.32% of 50 DAV
50 DAV is 1,006,500
$53.77
-7.01%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/25/2013 12:46:37 PM
G - Perched near its 52-week high., holding its ground stubbornly. 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  
$38.45 -0.24
-0.62%

$39.05

335,749
77.27% of 50 DAV
50 DAV is 434,500
$39.94
-3.73%
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  
$101.62 +1.06
1.05%

$102.41

756,945
69.62% of 50 DAV
50 DAV is 1,087,200
$113.49
-10.46%
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  
$45.13 -0.33
-0.73%

$46.00

73,339
56.16% of 50 DAV
50 DAV is 130,600
$46.47
-2.88%
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  
$17.85 -0.41
-2.25%

$18.28

316,223
180.08% of 50 DAV
50 DAV is 175,600
$18.61
-4.08%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/25/2013 5:49:36 PM
G - Encountered distributional pressure today with a loss on higher volume. Prior highs and its 50 DMA line define important support to watch on pullbacks.
>>> 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  
$23.91 +0.54
2.31%

$24.00

623,424
119.04% of 50 DAV
50 DAV is 523,700
$23.88
0.13%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/25/2013 5:55:12 PM
Y - Finished near the session high today with a solid gain backed by only +19% above average volume. Convincing volume-driven gains above its pivot point cited based on its May 2012 high plus 10 cents may signal the beginning of a substantial leg higher.
>>> 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  
$102.34 -1.39
-1.34%

$103.74

852,194
71.93% of 50 DAV
50 DAV is 1,184,800
$106.98
-4.34%
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  
$36.87 -0.61
-1.63%

$37.26

2,881,720
117.98% of 50 DAV
50 DAV is 2,442,500
$38.10
-3.23%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/25/2013 12:56:07 PM
G - Perched near its 52-week high and stubbornly holding its ground. Extended from a sound base after volume-driven gains lifted it above its "max buy" level. Prior highs in the $34 area and its 50 DMA line define support 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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