ULTA (11/13/11, +6.86%)
ALXN (7/24/11, +27.84%)
LQDT (12/25/11, -3.47%)
AUY (1/8/12, +15.38%)
GOLD (12/11/11, +5.28%)
DLTR (9/4/11, +18.86%)
DG (9/4/11, +16.72%)
MNST (10/16/11, +13.95%)
MA (9/24/11, +3.49%)
RGLD (10/30/11, +3.96%)
AAP (12/11/11, +7.21%)
NUS (8/28/11, +31.37%)
GWW (1/15/12, -1.79%)
TJX (11/27/11, +14.67%)
VRSK (12/18/11, +2.18%)
CXO (1/29/12, +0.00%)
Additions:
CXO (1/29/12, +0.00%)
Subtractions:
TSCO (12/04/11, +0.27%)
Last week, the major U.S. indexes ended narrowly mixed. The Nasdaq added 1.1%, the NYSE composite rose 0.6%, the S&P 500 inched up 0.1%, and the Dow faded 0.5%. The IBD outlook remains at “confirmed uptrend”. The market rally is in good shape with a minimum of distribution days so far, the trend is your friend. However, the market has moved a long way in a short period of time, a consolidation or profit taking wouldn’t be at all surprising. It’s still a green light for making new purchases, just make sure you’re only buying quality stocks at proper buy points.
This week, three watch list stocks are at or near proper buy points. ULTA, trading at $77.31, broke out of a 4th stage cup base on low volume and still within 5% of a $75.80 buy point. ULTA has had a long run and this is a late stage base, insist on seeing some good upside volume before wading in. DLTR, trading at $84.64, is still just above a $84.09 buy point off of a three weeks tight pattern. DG, trading at $42.09, broke out of a 2nd stage flat base on good volume and has settled back to just below a $42.20 buy point.
/as usual, your mileage may vary, always do your own homework
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