Weekly Watch List

FFIV
BIDU
IGTE
NFLX
CXO
APKT
AAPL
RADS
INFA
HLF
ARMH
SINA
AKAM
ILMN
LFT
SOA
NOG
MELI
ORCL
PRGO
SHOO

Additions:
LFT

Subtractions:
None

Last week, all the major indexes moved higher again with NYSE composite popping 3.8%, the S&P 500 up 3.6%, and the Dow and Nasdaq both adding 2.9%. The IBD outlook remains at “market in confirmed uptrend”. Another positive development from last week is that several distribution days were wiped from the count.

This week, three watch list stocks, BIDU, NFLX, and INFA are at or near proper buy points. BIDU, trading at $108.80, has cleared a four weeks tight pattern and is still within 5% of a $107.29 buy point. NFLX, trading at $168.10, recently bounced off it’s ten week line and is in buy range up to $183.12. INFA, trading at $40.85, also recently bounced off it’s ten week line and is in buy range up to $41.16.

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