Weekly Watch List


GMCR
NEU
PCLN
CFSG
BIDU
MELI
PEGA
BWY
NVEC
ATW
SHOO
ISRG
BUCY
JOSB
BCSI
LFT
CERN
AM
GES
TECD
IBN
RKT
INT

Additions:
AM
ATW
BCSI
CFSG
IBN
INT
LFT
MELI

Subtractions:
SNDA

Last week the market lost ground with the NYSE composite slipping 2.8%, the S&P 500 giving up 2.2%, the Nasdaq falling 2% and the Dow down 1.6%. The IBD outlook is still “market in confirmed uptrend” although the indexes picked up a couple distribution days.

This week, the same two watch list stocks as last week are still potential buy candidates, GMCR and PEGA. GMCR, trading at $68.93, may be forming a handle on a cup pattern with a buy point of $72.10, wait for it to clear the buy point on volume. PEGA is trading at $33.25 and is in buy range anywhere up to $34.91 after finding support at its ten week line several weeks ago.

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

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