Weekly Watch List

BIDU
LULU
NFLX
MELI
CMG
SAM
CTSH
SHOO
AAPL
NETL
PRGO
HLF
INFA
HAS
ISLN
LCAPA
LVS

Additions:
CMG
HAS
LCAPA
LVS
NFLX
PRGO
SAM

Subtractions:
CPLA
CSTR

Last week, all the major indexes ended basically flat. The NYSE gained 0.5%, the Dow inched up 0.4%, the Nasdaq lost 0.7%, and the S&P 500 slid 0.1%. The IBD outlook remains at “market in confirmed uptrend”. It’s okay to buy quality stocks at proper buy points.

This week, four watch list stocks are potential buy candidates,BIDU, CMG, MELI, and CTSH. BIDU is trading at $81.41, still within 5% of a $78.69 buy point. MELI, trading at $60.50, cleared a $62.24 buy point and then pulled back under it. CMG, trading at $147.90, is working up the right side of a cup shaped base, with a buy point of $155.52. CTSH, trading at $54.56, has cleared a buy point of $54.91 and then pulled back under it.

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