Weekly Watch List


GMCR
LFT
PCLN
NVEC
NEU
JST
PEGA
CTRN
INT
CERN
CRI
CUB
UNFI
ROST
MICC
ADVS
AAP

Additions:
AAP
INT
JST
LFT
PEGA
ROST
UNFI

Subtractions:
HMSY

Last week was a rocky road with the market picking up a couple more distribution days. Still, with Friday’s strong finish, the major indexes rose once again with the NYSE composite up 2.5%, S&P500 up 2.3%, Dow up 2.2%, the Nasdaq 1.1% higher, and the market still in a confirmed uptrend.

This week, only one stock on the watch list, LFT, is setting up as a potential buy candidate. LFT is currently trading at $28.00 and forming a cup with handle pattern with arguably a couple different buy points. In my opinion, it’s probably best to use the higher buy point of $30.57 because if it clears that buy point on higher volume, there’s no remaining overhead resistence to overcome.

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

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