Weekly Watch List

LULU (6/25/11, +10.77%)
AGP (3/5/11, +23.17%)
NFLX (7/30/10, +161.33%)
FOSL (3/12/11, +47.74%)
HS (3/5/11, +26.05%)
INFA (10/16/10, +60.19%)
ARUN (6/25/11, +11.61%)
PRGO (4/2/11, +11.75%)
ILMN (5/7/11, +6.79%)
HUM (6/11/11, +6.31%)
CVLT (6/4/11, +10.87%)



Last week, the major indexes all headed higher. The Nasdaq jumped 6.2%, the NYSE composite climbed 5.7%, the S&P 500 added 5.6%., and the Dow gained 5.4%. The week’s positive action was enough to change the IBD outlook to “uptrend resumes”. The stock buying lamp is once again lit.

This week, five of the watch list stocks, AGP, HS, INFA, ILMN, and HUM are at or near proper buy points. AGP, trading at $72.30, is still within 5% of a $71.81 buy point. HS, trading at $47.14, is still barely within 5% of a $45,21 buy point. INFA, trading at $59.40, has formed a square box base with a buy point of $60.08. ILMN, trading at $76.01, fas formed a base on base pattern with a buy point of $76.91. HUM, trading at $83.12, has broken out of a three weeks tight pattern and is still within 5% of a $80.93 buy point.

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