STRZA (1/20/13, +3.31%)
Last week all the major U.S. indexes continued their winning streak. The Dow jumped 1.8%, the NYSE composite gained 1.3%, the S&P 500 tacked on 1.1%, and the NASDAQ added 0.5%. The IBD outlook remains at “confirmed uptrend”. With the current earning season on the wane, this week brings a first look at Q4 GDP and the January employment report. At the moment, the traditional wall of worry seems to to be more of a molehill for the market to step over rather than climb. The rally continues unabated, profit from the run up while it lasts.
This week two watch list stocks are currently in a proper buy range. PII, trading at $93.23, is still within 5% of a $89.93 buy point off of a 2nd stage flat base on base pattern. PIR, trading at $22.07, is still within 5% of a $21.34 buy point off of a 2nd stage base on base pattern.
/as usual, your mileage may vary, always do your own homework