Weekly Watch List


GMCR
NEU
PCLN
BIDU
CFSG
MELI
SIRO
ATW
PEGA
BUCY
INT
BWY
SHOO
GOK
NVEC
RKT
ISRG
IBN
LFT
VRX
GES
AM
BCSI
GOOG

Additions:
GOK
GOOG
RKT

Subtractions:
CERN
NTES

Last week the market was up again on generally positive earnings reports and economic news. The NYSE composite climbed 1.7%, the S&P 500 rose 1.5%, the Dow added 1.3%, and the Nasdaq eked out a 0.8% gain. Also, after Wednesday’s triple digit move on healthy volume to bring the Dow over 10,000, the IBD outlook was changed to “market in confirmed uptrend”. This means it’s okay to buy stocks, although there are still a fair number of distribution days hanging on the indexes.

This week, GMCR is the only stock on the watch list that’s in buy range. GMCR cleared a cup pattern, on excellent volume, at the end of September. Ever since then, it’s been vacillating near its $72.10 buy point. GMCR is currently trading at $73.35 and is in buy range up to $75.70.

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

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