PII (12/16/12, +0.00%)
CF (12/09/12, -2.98%)
Last week the major U.S. indexes finished narrowly mixed. The NYSE composite added 0.2%, the Dow inched down 0.1%, the NASDAQ dipped 0.2%, and the S&P 500 slid 0.3%. The IBD outlook remains at “confirmed uptrend”. The indexes picked up more distribution and the market uptrend, such as it is, is going nowhere fast. Investors are still collectively mesmerized, watching and waiting as the slow motion train wreck known as the “fiscal cliff” “negotiations” lurches down the dead end of the year track. Stay cautious and pray for good news, the country could sure use a good dose of good news.
This week one watch list stock is near a proper buy point. DDD, trading at $45.81, is still within 5% of a $44.90 buy point off of a 3rd stage cup base.
/as usual, your mileage may vary, always do your own homework