Weekly Watch List


FFIV
BIDU
NFLX
CXO
ARUN
SINA
ILMN
INFA
AAPL
VIT
CTSH
MELI
ABV
JNPR
ORCL
INFY

Additions:
MELI
ORCL

Subtractions:
EW

Last week, the major indexes moved higher. The Nasdaq climbed 1.9%, the S&P 500 added 1.1%, the Dow was up 0.8%, and the NYSE composite inched ahead 0.2%.The IBD outlook remains at “market in confirmed uptrend”. Feel free to make new purchases.

This week, four watch list stocks, FFIV, ILMN, INFA, and CTSH, are at or near proper buy points. FFIV, trading at $138.35, recently bounced off of its ten week line and is in buy range up to $150.93. ILMN, trading at $65.66, broke out of a five weeks tight pattern and then settled back just below its $66.69 buy point. INFA, trading at $44.89, broke out of a three weeks tight pattern and then settled back below its $45.96 buy point. CTSH, trading at $75.09, broke out of a three weeks tight pattern and is still within 5% of ia $74.89 buy point.

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

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