Weekly Watch List


ALXN (7/24/11, +52.27%)
GNC (3/18/12, +0.00%)
LQDT (12/25/11, +27.34%)
ULTA (11/13/11, +23.84%)
MA (9/24/11, +26.13%)
MNST (10/16/11, +26.54%)
NUS (8/28/11, +52.92%)
DLTR (9/4/11, +31.57%)

Additions:
GNC (3/18/12, +0.00%)

Subtractions:
CATM (3/4/12, -3.36%)
DG (3/4/12, +4.63%)
GWW (1/15/12, +8.12%)
TJX (2/12/12, +10.88%)
VRSK (3/11/12, +0.27%)

Last week, the major U.S. indexes all moved higher. The S&P 500 and the Dow each added 2.4%, the Nasdaq rose 2.2%, and the NYSE composite tacked on 2.1%. The IBD outlook remains at “confirmed uptrend”. There was no new distribution days as the rally continued to plod ahead.

This week, two watch list stocks is are at or near a proper buy points. ALXN, trading at $89.01, broke out of a three weeks tight pattern and is still within 5% of a $87.73 buy point. GNC, trading at $33.71, has formed a four weeks tight pattern and is near a $33.80 buy point.

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

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