Weekly Watch List


ALXN (7/24/11, +87.54%)
AAPL (4/29/12, +12.84%)
TDG (9/9/12, +0.00%)
FLT (9/2/12, +2.18%)
ROST (9/9/12, +0.00%)
TJX (3/25/12, +18.69%)
CF (9/9/12, +0.00%)
VAL (7/01/12, +5.26%)
JAH (9/9/12, +0.00%)

Additions:
CF (9/9/12, +0.00%)
JAH (9/9/12, +0.00%)
ROST (9/9/12, +0.00%)
TDG (9/9/12, +0.00%)

Subtractions:
GNC (9/2/12, +3.89%)
TFM (6/17/12, +10.06%)
ULTA (8/19/12, +10.55%)

Last week, the major U.S. indexes all pushed higher. The NYSE composite popped 2.7%, the NASDAQ climbed 2.3%, the S&P 500 rose 2.2%, and the Dow added 1.6%. The IBD outlook remains at “confirmed uptrend”. The main events this week will be the FOMC meeting as well as an expected ruling on Wednesday by a German court as to whether or not Germany can participate in the European bailout fund.

This week three of the watch list stocks are at or near proper buy points. ALXN, trading at $110.61, broke out of a 4th stage flat base on disappointing volume and sits just above a $110.06 buy point. TJX, trading at $45.85, has formed a four weeks tight pattern with a potential buy point of $46.77. VAL, trading at $55.25, is still within 5% of a $53.85 buy point after breaking out of a 2nd stage base on base cup with handle pattern on light volume.

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

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