Weekly Watch List


BIDU
PCLN
SIRO
WX
VRX
AAPL
ISRG
MELI
NETL
ATHR
SHOO
TSL
BRKR
HRBN
LL
BCSI
GRA
CTSH
NUS
CPLA
HLF
DSW
VECO
EL
CXO
XRTX

Additions:
HRBN
LL
VECO

Subtractions:
AMED
ASIA
COH
CREE
GES
GMCR
NNI
TPX

Last week all the major indexes reversed lower. The NYSE composite plunged 3%, the Nasdaq gave up 2.7%, the S&P 500 shed 2.5%, and the Dow lost 1.7%. Because of this negative action, the IBD outlook was downgraded to “uptrend under pressure”. Now is not the best time to be buying stocks. Keep a tight leash on your portfolio. Consider taking profits, don’t let a profit turn into a loss, and never let any loss extend more than 7-8% below your purchase price on any stock.

This week, two of the watch list stocks are in a proper buy range, PCLN and VRX. PCLN is trading at $262.05 and is in buy range up to $280.37 after finding support at it’s 10 week line. VRX is trading at $45.00 and is in buy range up to $46.83 after finding support at it’s 10 week line. However, be extremely cautious about making new purchases with the market uptrend under pressure.

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

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