Weekly Watch List


LULU
BIDU
MELI
AAPL
VRX
ISRG
SHOO
CTSH
HLF
NETL
LFT

Additions:
LFT

Subtractions:
CPLA
LVS

Last week all the major indexes lost ground. The Nasdaq and the S&P 500 both dropped 3.7%, the NYSE composite slid 3.2%, and the Dow dipped 2.9%. By Thursday, this negative action caused the IBD outlook to roll over to “uptrend under pressure”. Buy stocks at your own risk.

Four watch list stocks are possible buy candidates this week, .LULU, BIDU, AAPL and CTSH. However, with the market uptrend under pressure, proceed with caution. LULU, trading at $41.06, found support at its 10 week line and is in buy range up to $48.81. BIDU, trading at $75.10, also found support at its 10 week line and is in buy range up to $81.86. AAPL is trading at $266.70 and is still within 5% of a $266.04 buy point. CTSH is trading at $52.58 and has formed a cup with high handle base, with a $54.91 buy point.

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

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