Weekly Watch List


NFLX
BIDU
IGTE
PPO
MELI
CMG
APKT
CXO
HMIN
HLF
PRGO
ARMH
AAPL
SHOO
SAN
RADS
AKAM
SAM
SINA
CMI
FCFS

Additions:
CXO
FCFS
SAN
SINA

Subtractions:
HAS
LXK
ORCL
VGR

Last week, all the major indexes moved higher again. The Nasdaq added 2.8%, the Dow moved up 2.4%, the S&P 500 advanced 2.1%, and the NYSE composite rose 2%. The IBD outlook remains at “market in confirmed uptrend”. This rally has legs.

This week, three watch list stocks , MELI, HLF, and SHOO are at or near proper buy points. MELI, trading at $71.90, has formed a three weeks tight pattern with a buy point of $74.88. HLF is trading at $59.77, is still barely within 5% of its $57.69 buy point. SHOO, trading at $39.57, has formed a cup base with a buy point of $40.27.

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: