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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 26TH, 2012
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -44.04 13,413.51 -0.33% Volume 738,642,000 -2% Volume 1,711,297,220 -10%
NASDAQ -24.03 3,093.70 -0.77% Advancers 1,229 39% Advancers 909 35%
S&P 500 -8.27 1,433.32 -0.57% Decliners 1,823 58% Decliners 1,530 60%
Russell 2000 -5.19 833.93 -0.62% 52 Wk Highs 99   52 Wk Highs 37  
S&P 600 -3.15 465.90 -0.67% 52 Wk Lows 20   52 Wk Lows 28  

Major Averages Consolidating Above Prior Highs

The major averages finished lower on Wednesday yet up from the session's worst levels. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange versus the prior session totals. Decliners led advancers by about a 3-2 ratio on the NYSE and on the Nasdaq exchange. The total number of new 52-week highs still outnumbered new 52-week lows on the NYSE on the Nasdaq exchange. There were only 8 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down abruptly from the prior session total of 58 stocks. There were gains for only 4 of the 22 high-ranked companies currently included on the Featured Stocks Page.

 

The major averages were lower as attention turned back to Europe's debt crisis amid uncertainty of whether Spain will request a bailout. Protests in Spain and Greece over austerity measures also weighed on sentiment for stocks.

Homebuilders were lower with Pulte Group Inc (PHM -4.73%) falling after a report showed new home sales unexpectedly fell -0.3% in August. Jabil Circuit Inc (JBL -9.87%) fell after the company reported an earnings shortfall. Apple Inc (AAPL -1.24%) extended its losing streak to a third day. Materials and energy stocks also led the market lower as The Dow Chemical Co (DOW -1.26%) and Halliburton Co (HAL -2.44%) were down. Utilities outperformed with Consolidated Edison (ED +1.06%) posting a modest gain.

The M criteria is still favorable as the major indices have maintained their previously confirmed rally with a healthy level of leadership (stocks hitting new 52-week highs).

Watch for an announcement soon via email concerning new monthly webcasts and a new "Market's Leading Groups" archives tab soon to be added on the Premium Member Homepage. These changes are aimed at satisfying member requests and improving the service.  We are sorry for the delay while working out the final programming necessary and we appreciate you patience.  If you have questions, comments or suggestions please let us know via the inquiry form here.  The most recent WEBCAST (Q2 2012) is available "ON DEMAND" - CLICK HERE

PICTURED: The S&P 500 Index fell for a 5th consecutive session, slumping toward its prior highs.


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.


Energy, Tech, Retail, and Financial Groups Fell

Weakness in energy-related shares dragged the Oil Services Index ($OSX -2.00%) and Integrated Oil Index ($XOI -0.91%) lower. The Networking Index ($NWX -1.46%), Biotechnology Index ($BTK -0.79%), Semiconductor Index ($SOX -0.64%), and Internet Index ($IIX -0.53%) finished with unanimous losses again. Modest losses for the Bank Index ($BKX -0.77%), Broker/Dealer Index ($XBD -0.34%), and the Retail Index ($RLX -0.35%) weighed on the major averages. Defensive groups were mixed, with the Healthcare Index ($HMO -0.58%) edging lower while the Gold & Silver Index ($XAU +0.34%) inched higher.

Charts courtesy www.stockcharts.com

PICTURED: The Internet Index ($IIX -0.53%) is consolidating above its 50-day and 200-day moving average (DMA) lines. It finished -5.7% off its 2012 high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  222.91 -4.56 -2.00% +3.07%
Healthcare $HMO  2,387.31 -14.02 -0.58% +4.63%
Integrated Oil $XOI  1,253.10 -11.52 -0.91% +1.95%
Semiconductor $SOX  376.97 -2.41 -0.64% +3.44%
Networking $NWX  207.43 -3.08 -1.46% -3.59%
Internet $IIX  316.99 -1.69 -0.53% +12.51%
Broker/Dealer $XBD  82.12 -0.28 -0.34% -1.38%
Retail $RLX  651.11 -2.27 -0.35% +24.45%
Gold & Silver $XAU  186.56 +0.64 +0.34% +3.28%
Bank $BKX  49.20 -0.38 -0.77% +24.94%
Biotech $BTK  1,544.24 -12.23 -0.79% +41.49%


Consolidating Above Prior Highs Defining Chart Support

Alexion Pharmaceuticals Inc's (ALXN -$1.94 or -1.70 to $111.96) pulled back from its 52 week high today. Its color code was changed to yellow after retreating below its "max buy" level. Gains above its pivot point backed by +69% above average volume on 9/21/12 confirmed a technical buy signal. The stock was last shown in this FSU section with an annotated graph on 8/23/12 under the headline, "New Pivot Point Cited While Building Orderly Flat Base", while consolidating above support defined by its 50-day moving average (DMA) line.

No resistance remains due to overhead supply. Prior highs in the $110 area near its pivot point define the important chart support above its 50 DMA line. ALXN's Relative Strength Rank (92) remains high. It reported earnings +62% on +48% sales revenues for the quarter ended June 30, 2012 versus the year ago period. It easily satisfies the C and A criteria with a very strong quarterly and annual earnings history which has earned it a highest possible 99 Earnings Per Share rank. The number of top-rated funds owning its shares rose from 842 in Mar '11 to 1,206 in Jun '12, a reassuring sign concerning the I criteria of the fact-based investment system. With the help of underwriters, its latest Public Offering may very likely have helped it attract additional ownership interest from the institutional crowd. ALXN completed a new Public Offering on 5/25/12. The Medical - Biomed/Biotech industry group has demonstrated leadership and earned a 97 for its Group Relative Strength Rating, a reassuring sign concerning the L 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
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$111.96 -1.94
-1.70%

$114.81

1,050,629
88.46% of 50 DAV
50 DAV is 1,187,700
$116.43
-3.84%
8/23/2012 $103.70 PP = $110.06
MB = $115.56
Most Recent Note - 9/26/2012 5:15:16 PM
Y - Pulled back from its 52 week high today. Color code is changed to yellow after retreating below its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/26/2012. Click here.

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ASPS - NASDAQ
Altisource Ptf Sltns Sa
REAL ESTATE - Property Management/Developmen  
$84.20 -1.07
-1.25%

$85.63

140,467
109.65% of 50 DAV
50 DAV is 128,100
$92.29
-8.77%
9/24/2012 $87.24 PP = $92.39
MB = $97.01
Most Recent Note - 9/24/2012 4:23:58 PM
Y - Color code is changed to yellow with new pivot point cited based on its 8/20/12 high plus 10 cents. Volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. Recent lows define near-term support along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2012. Click here.

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CFNL - NASDAQ
Cardinal Financial Corp
BANKING - Regional - Southeast Banks  
$14.37 -0.06
-0.42%

$14.55

113,549
166.01% of 50 DAV
50 DAV is 68,400
$14.79
-2.84%
8/17/2012 $12.84 PP = $13.31
MB = $13.98
Most Recent Note - 9/25/2012 11:56:59 AM
G - Trading near its 52-week high today, adding to its spurt of volume-driven gains and getting more extended from its prior base. Prior highs and its 50 DMA line define support to watch on pullbacks near the $13 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/25/2012. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$35.12 -0.74
-2.05%

$35.98

13,902,481
108.61% of 50 DAV
50 DAV is 12,800,600
$36.90
-4.82%
6/11/2012 $29.94 PP = $30.98
MB = $32.53
Most Recent Note - 9/21/2012 6:04:19 PM
G - Today's 3rd consecutive gain with above average volume for a new 52-week high helped it rise from an orderly flat base. No new pivot point was cited because of fundamental concerns raised by sub par sales and earnings growth in the Jun '12 quarter. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2012. Click here.

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DVA - NYSE
Davita Inc
HEALTH SERVICES - Specialized Health Services  
$100.96 +0.66
0.66%

$101.77

664,711
93.65% of 50 DAV
50 DAV is 709,800
$103.97
-2.90%
9/5/2012 $102.92 PP = $100.62
MB = $105.65
Most Recent Note - 9/21/2012 4:09:41 PM
Y - Considerable gain today and new high close above its pivot point was backed by more than 3 times average volume confirming a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2012. 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
ECPG - NASDAQ
Encore Capital Group Inc
FINANCIAL SERVICES - Credit Services  
$28.29 -0.06
-0.21%

$28.38

98,195
75.77% of 50 DAV
50 DAV is 129,600
$30.91
-8.48%
8/3/2012 $29.91 PP = $30.45
MB = $31.97
Most Recent Note - 9/24/2012 4:25:31 PM
Y - Slumping back into the prior base and near its 50 DMA line raising concerns. Disciplined investors always limit losses if ever a stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2012. Click here.

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EXPE - NASDAQ
Expedia Inc
INTERNET - Internet Information Providers  
$57.65 -0.49
-0.84%

$58.48

1,991,666
59.66% of 50 DAV
50 DAV is 3,338,200
$60.29
-4.38%
4/27/2012 $41.80 PP = $35.57
MB = $37.35
Most Recent Note - 9/21/2012 4:04:25 PM
G - Gapped up today and hit a new 52-week high with a volume-driven gain. No overhead supply remains to hinder its progress,however weak industry group action and iffy fundamentals were noted in the latest FSU as causes for concern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2012. Click here.

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GPX - NYSE
G P Strategies Corp
DIVERSIFIED SERVICES - Education and Training Services  
$19.43 +0.41
2.16%

$19.44

34,788
47.72% of 50 DAV
50 DAV is 72,900
$20.67
-6.00%
6/29/2012 $18.01 PP = $18.15
MB = $19.06
Most Recent Note - 9/26/2012 1:15:39 PM
G - Consolidating -6.9% off its 52-week high today after 6 consecutive losses, now testing support at its 50 DMA line. More damaging losses would raise concerns and trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2012. Click here.

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KH - NYSE
China Kanghui Hldgs Ads
HEALTH SERVICES - Medical Appliances and Equipment  
$24.50 +0.08
0.33%

$25.92

129,031
417.58% of 50 DAV
50 DAV is 30,900
$27.47
-10.81%
8/30/2012 $24.19 PP = $22.90
MB = $24.05
Most Recent Note - 9/26/2012 3:47:41 PM
G - Enduring distributional pressure this week. Consolidating above prior highs defining chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2012. Click here.

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LKQ - NASDAQ
L K Q Corp
WHOLESALE - Auto Parts  
$18.76 -0.45
-2.32%

$19.25

1,661,192
121.65% of 50 DAV
50 DAV is 1,365,500
$20.02
-6.27%
8/9/2012 $18.97 PP = $18.72
MB = $19.66
Most Recent Note - 9/26/2012 1:08:17 PM
Y - Overcame distributional pressure this week after undercutting its 50 DMA line noted as important chart support to watch on pullbacks.Do not be confused by a 2:1 share split effective 9/19/12 (Featured Price, Pivot Point and Max Buy were adjusted).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2012. 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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$118.00 -1.89
-1.58%

$119.50

1,854,414
75.25% of 50 DAV
50 DAV is 2,464,300
$125.50
-5.98%
9/5/2012 $113.25 PP = $113.10
MB = $118.76
Most Recent Note - 9/21/2012 4:12:00 PM
G - Hovering near its 52-week and all-time highs after today's 4th consecutive small gain on below average volume. Prior highs near $113 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2012. Click here.

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MIDD - NASDAQ
Middleby Corp
MANUFACTURING - Diversified Machinery  
$115.29 -1.19
-1.02%

$116.79

36,605
35.40% of 50 DAV
50 DAV is 103,400
$122.57
-5.94%
8/9/2012 $118.60 PP = $104.92
MB = $110.17
Most Recent Note - 9/26/2012 1:09:42 PM
G - Perched -5.5% off its 52-week high today. Extended from its prior base, and its 50 DMA line and recent lows define near-term chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2012. Click here.

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N - NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services  
$60.94 +0.00
0.00%

$61.91

1,255,648
200.04% of 50 DAV
50 DAV is 627,700
$63.25
-3.65%
8/20/2012 $55.88 PP = $59.32
MB = $62.29
Most Recent Note - 9/26/2012 3:45:21 PM
Y - Tallying a gain today with above average volume. Prior highs near $59 define initial support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2012. Click here.

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NSM - NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services  
$33.55 +0.53
1.61%

$33.89

1,303,196
139.23% of 50 DAV
50 DAV is 936,000
$34.90
-3.87%
8/29/2012 $27.96 PP = $28.85
MB = $30.29
Most Recent Note - 9/25/2012 12:12:06 PM
G - Spiking to another new 52-week high today with its 7th consecutive gain, getting extended from its prior base. Disciplined investors avoid chasing stocks more than +5% above their pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2012. Click here.

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OSIS - NASDAQ
O S I Systems Inc
ELECTRONICS - Semiconductor Equipment and Mate  
$75.14 -0.57
-0.75%

$76.24

90,059
73.40% of 50 DAV
50 DAV is 122,700
$78.58
-4.38%
9/5/2012 $74.39 PP = $75.10
MB = $78.86
Most Recent Note - 9/24/2012 4:27:10 PM
Y - Loss today with above average volume broke a streak of 5 consecutive gains. Prior rally above its pivot point clinched a new (or add-on) technical buy signal, yet it has not risen beyond its "max buy" level. Near term support is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2012. 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
RNF - NYSE
Rentech Nitrogen Ptnr Lp
CHEMICALS - Agricultural Chemicals  
$37.08 -2.21
-5.62%

$39.49

993,433
231.14% of 50 DAV
50 DAV is 429,800
$40.05
-7.42%
7/27/2012 $29.58 PP = $30.60
MB = $32.13
Most Recent Note - 9/26/2012 12:17:41 PM
G - Retreating from its 52-week high with above average volume behind today's loss. It is extended from its prior base. An upward trendline defines near-term chart support that comes into play above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2012. Click here.

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SWI - NYSE
Solarwinds Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$54.49 -3.44
-5.94%

$57.75

1,789,043
166.18% of 50 DAV
50 DAV is 1,076,600
$60.95
-10.60%
7/25/2012 $47.82 PP = $47.89
MB = $50.28
Most Recent Note - 9/26/2012 11:48:16 AM
G - Violated its 50 DMA line with a damaging loss today with higher volume raising concerns. Only a prompt rebound above that important short-term average would help its outlook.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2012. Click here.

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TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$141.04 -3.91
-2.70%

$145.58

888,596
231.47% of 50 DAV
50 DAV is 383,900
$146.72
-3.87%
8/16/2012 $132.23 PP = $136.44
MB = $143.26
Most Recent Note - 9/26/2012 12:26:53 PM
Y - Pulling back today and its color code is changed to yellow after retreating below its "max buy" level. Its 50 DMA line defines support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2012. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$96.48 -0.61
-0.63%

$97.38

512,055
63.77% of 50 DAV
50 DAV is 803,000
$103.52
-6.80%
9/4/2012 $93.17 PP = $98.52
MB = $103.45
Most Recent Note - 9/26/2012 1:11:16 PM
Y - Slumping further below its pivot point with a loss on light volume today, raising concerns. Disciplined investors always limit losses if ever any stock falls -7% or more from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2012. Click here.

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ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$97.76 -0.39
-0.39%

$99.20

121,857
76.16% of 50 DAV
50 DAV is 160,000
$106.40
-8.12%
8/27/2012 $98.36 PP = $99.19
MB = $104.15
Most Recent Note - 9/21/2012 4:19:29 PM
Y - Today marked is 4th consecutive small loss while consolidating near its all-time high. Prior chart highs define initial support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2012. 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
VSI - NYSE
Vitamin Shoppe Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$56.31 -0.77
-1.35%

$57.14

226,858
61.98% of 50 DAV
50 DAV is 366,000
$61.83
-8.92%
6/29/2012 $54.93 PP = $55.03
MB = $57.78
Most Recent Note - 9/21/2012 4:21:01 PM
G - Today marked its 4th consecutive small gain. It has not formed a sound new base. Prior lows near $52 define important chart support below its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2012. Click here.

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WPI - NYSE
Watson Pharmaceuticals
DRUGS - Drugs - Generic  
$82.83 -0.33
-0.40%

$83.73

480,148
43.40% of 50 DAV
50 DAV is 1,106,300
$84.59
-2.08%
8/24/2012 $82.90 PP = $81.10
MB = $85.16
Most Recent Note - 9/26/2012 1:12:50 PM
Y - Still holding its ground today in a tight range near its 52-week high. Prior highs in the $81 area and its 50 DMA line define important support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2012. Click here.

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