Weekly Watch List


NFLX
FFIV
CXO
BIDU
ARUN
ILMN
MELI
AAPL
INFA
VIT
CTSH
JNPR
EW
JENDP
ORCL

Additions:
JENDP
EW

Subtractions:
ABV
INFY
SINA

Last week, the major indices moved higher once again. The NYSE composite tacked on 2.4%, the Nasdaq rose 1.9%, the S&P 500 moved up 1.7%, and the Dow added 1%. The IBD outlook remains at “market in confirmed uptrend”. The buying lamp is lit.

This week, three watch list stocks, FFIV, ILMN, and CTSH, are at or near proper buy points. FFIV, trading at $144.17, recently bounced off of its ten week line and is in buy range up to $150.93. ILMN, trading at $69.05, broke out of a five weeks tight pattern and is still barely within 5% of a $66.69 buy point. CTSH, trading at $75.01, broke out of a three weeks tight pattern and is still within 5% of a $74.89 buy point.

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

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