Weekly Watch List

ARUN
FOSL
BIDU
AGP
NFLX
SINA
HS
INFA
PRGO
AH
CTSH
JOYG
ORCL
NTES

Additions:
AH
NTES

Subtractions:
ILMN

Last week, the major indices all made good upward progress. The Dow surged 2.4%, the S&P 500 and the NYSE composite both gained 2.0%, and the Nasdaq tacked on 1.9%. The IBD outlook remains at “confirmed uptrend”. Sell in May and go away? No way! Forget the clich├ęs and listen to what the markets are telling you.

This week, four watch list stocks, ARUN, AGP, AH, and ORCL are potential buy candidates. ARUN, trading at $35.92, is still in buy range up to $36.61 after finding ten week support. AGP, trading at $68.30, found support at its ten week line and is in buy range up to $69.66. AH, trading at $28.24, found support at its ten week line and is in buy range up to $29.50. ORCL, trading at $35.96, is still barely within 5% of a $34.53 buy point after breaking out of a cup with high handle pattern.

/as usual, your mileage may vary, always do your own homework

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