Weekly Watch List


DDD (10/28/12, +39.51%)
FLT (11/25/12, +32.41%)
OCN (1/27/13, +8.65%)
MX (2/10/13, +2.49%)
WDR (2/3/13, +6.37%)
MPC (2/3/13, +8.33%)
PIR (12/30/12, +15.09%)
BLK (2/3/13, +2.56%)
HCA (2/10/13, -2.53%)
CVI (2/17/13, +0.00%)
CI (2/10/13, -1.37%)
JAH (2/3/13, +0.99%)
PKG (2/10/13, +1.22%)
AMCX (2/17/13, +0.00%)
EBAY (1/27/13, +0.30%)

Additions:
AMCX (2/17/13, +0.00%)
CVI (2/17/13, +0.00%)

Subtractions:
MA (2/10/13, +8.33%)

Last week the major U.S. indexes ended flat. The S&P 500 added 0.1%, the NYSE composite was unchanged, and the Dow and NASDAQ each gave up 0.1%. The IBD outlook remains at “confirmed uptrend”. The rally continues but it’s going nowhere fast. With the Monday holiday, a dearth of scheduled U.S. economic news, and the U.S. government essentially on break, don’t expect too much volume, volitility, or excitement this coming week. It’s not easy to make money on a boring tape, but it’s hard to lose money either. Stay the course, but study your charts in case the winds pick up and possibly change direction.

This week five watch list stocks are currently at or near proper buy points. DDD, trading at $59.53, is still holding its ten week line and is in buy range up to $75.58, although the recent distribution on volume is troubling. OCN, trading at $40.56, is still within 5% of a $39.35 buy point off of a 3nd stage cup with handle base. MX, trading at $16.04, found support at its ten weeks line an may also be forming a new base, in buy range up to $17.64. PKG, trading at $40.64, found support at its ten week line and is in buy range up to $42.25. EBAY, trading at $56.70, has formed a four weeks tight pattern with a potential buy point of $57.37.

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

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