Weekly Watch List

LQDT (12/25/11, +0.00%)
MA (9/24/11, +12.20%)
ULTA (11/13/11, -8.42%)
ALXN (7/24/11, +17.12%)
GOLD (12/11/11, -3.80%)
DLTR (9/4/11, +16.92%)
DG (9/4/11, +14.31%)
HANS (10/16/11, +0.60%)
NUS (8/28/11, +22.64%)
AUY (12/25/11, +0.00%)
TJX (11/27/11, +11.17%)
TSCO (12/04/11, -4.08%)
VRSK (12/18/11, +0.58%)
CXO (12/04/11, -8.82%)
RGLD (10/30/11, -3.83%)
AAP (12/11/11, -0.04%)

AUY (12/25/11, +0.00%)
LQDT (12/25/11, +0.00%)

RL (11/27/11, +0.36%)

Last week, all the major U.S. indexes moved higher. The NYSE composite jumped 3.9%, the S&P 500 gained 3.7%, the Dow added 3.6% and the Nasdaq moved up 2.5%. Although it would have been nice to see it occur on higher volume, Tuesday was a follow through day and changed the IBD outlook to “confirmed uptrend”. It’s safe to make new purchases again.

This week, five watch list stocks are at or near proper buy points. LQDT, trading at $36.03, broke out of a late stage cup base and has settled just below a $36.22 buy point. MA, trading at $378.15, is still within 5% of a $362.04 buy point. ALXN, trading at $69.08, is forming a flat base with potential buy point of $70.42. DLTR, trading at $83.26, is in a four weeks tight pattern with a potential buy point of $84.09. DG, trading at $41.22, is just past a $40.81 buy point off a flat base.

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


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: