Weekly Watch List


AGP
NFLX
CXO
ARUN
HS
BIDU
SINA
AAPL
ILMN
INFA
FFIV
CTSH
PRGO
ORCL

Additions:
AGP
HS

Subtractions:
EW
JNPR

Last week, all the major indices edged higher. The NYSE gained 0.4%, the Dow rose 0.3%, and the Nasdaq and S&P 500 each added 0.1%. The IBD outlook remains at “uptrend under pressure”. The Bulls seem tired, think about raising some cash.

With the market uptrend under pressure you need to be careful. This week, there are four watch list stocks that are possible buy candidates, if you dare, HS, BIDU, AAPL, and CTSH.

HS, trading at $37.39, has formed a three weeks tight pattern with a buy point of $38.85. The other three stocks have found support at their ten week lines. BIDU, trading at $122.34, is in buy range up to $138.21. AAPL, trading at $360.00, is in buy range up to $383.14. CTSH, trading at $76.32, is in buy range up to $81.52.

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

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