Weekly Watch List


LQDT (12/25/11, -1.97%)
ULTA (11/13/11, +5.40%)
ALXN (7/24/11, +24.75%)
GOLD (12/11/11, +0.57%)
DLTR (9/4/11, +18.61%)
MA (9/24/11, +1.08%)
AAP (12/11/11, +6.36%)
DG (9/4/11, +13.59%)
TSCO (12/04/11, +8.12%)
MNST (10/16/11, +10.76%)
GWW (1/15/12, +2.01%)
NUS (8/28/11, +26.38%)
AUY (1/8/12, +6.36%)
VRSK (12/18/11, +1.55%)
TJX (11/27/11, +13.33%)
RGLD (10/30/11, -6.95%)

Additions:
None

Subtractions:
CXO (12/04/11, -3.12%)
QCOR (01/02/12, -12.27%)

Last week, the major U.S. indexes continued their steady melt up. The Nasdaq gained 2.8%, the NYSE composite rose 2.6%, the Dow moved up 2.4%, and the S&P 500 added 2%. The IBD outlook remains at “confirmed uptrend”. Earnings season rolls on as European fears appear to have faded, for now.

This week, five watch list stocks are at or near proper buy points. ULTA, trading at $76.26, broke out of a 4th stage cup base on low volume and is just above a $75.80 buy point. ALXN, trading at $73.58, is still within 5% of a $70.52 buy point from a 4th stage flat base. DLTR, trading at $84.46, moved past a three weeks tight pattern and is just above a $84.09 buy point. DG, trading at $40.96, found support at its 10 week line and is in buying range up to $44.20. TSCO, trading at $79.99, broke out of a 1st stage flat base and is still within 5% of a $78.32 buy point.

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

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s

%d bloggers like this: