Weekly Watch List


GMCR
SNDA
INT
NVEC
CERN
HMSY
QSII
PCLN
CRI
AAN
CUB
MFE
ROST
CEC
ASIA

Additions:
NONE

Subtractions:
AAP
EAT
MNRO
SY

Except for Wdnesday, last week was a pretty good week. On Friday, after meandering back and forth across the flat line, the last minute upside surge on the heaviest volume of the day was especially encouraging. This week there are two stocks on the list that are buy candidates, AAN and MFE. They’re not the best stocks on the list, but they are on the list and in technical buy range.

For the first time after a recent technical breakout, AAN pulled back and found support at its 50 day moving average. This is a secondary buying opportunity with a buy range of between $31.40 and $36.97. Obviously, since it’s okay to buy anywhere within the range, a lower price is better. AAN closed Friday at $32.57 so I preliminarily set a limit order at $32.50. I’ll be paying attention to how the stock and the markets look to open Monday and play it by ear. In any case, if you want to buy AAN here, you probably want to buy it either Monday or Tuesday so you’ll be holding it on Wednesday, which is the ex. dividend date for the next dividend (a whopping .0170/share), payable on 07/06/09.

MFE has formed a cup with handle pattern with a $41.04 buy point. The stock is currently trading at $39.23. I set a stop limit order with a $41.04 stop and a $41.15 limit, which means that if MFE does break out, I hope to fill my order somewhere between $41.04 and $41.15

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

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