Weekly Watch List


FLT (11/25/12, +36.38%)
GRFS (03/10/13, +0.00%)
MPC (2/3/13, +16.81%)
MX (2/10/13, +0.77%)
WDR (2/3/13, +5.50%)
BLK (2/3/13, +4.80%)
CVI (2/17/13, +5.92%)
JAH (2/3/13, +5.69%)
HCA (2/10/13, +0.08%)
PKG (2/10/13, +8.22%)
ABG (03/10/13, +0.00%)

Additions:
ABG (03/10/13, +0.00%)
GRFS (03/10/13, +0.00%)

Subtractions:
OCN (1/27/13, +8.21%)
PIR (12/30/12, +13.95%)

Last week all the major U.S. indexes marched higher. The NASDAQ vaulted 2.4%, the S&P 500 jumped 2.3%, the Dow gained 2.2%, and the NYSE composite added 2.0%. Last Tuesday’s 1.3% gain on the NASDAQ constituted a follow through day and upgraded the IBD outlook to “confirmed uptrend”. As follow through days go, this one wasn’t particularly powerful but hey, an uptrend is an uptrend. Don’t fight the tape, it’s okay to make new purchases again, ride the new rally while it lasts.

This week, two watch list stocks are in a proper buy range. HCA, trading at $37.25, found support at it’s ten week line, on good volume, and is in buy range up to $41.58. ABG, trading at $36.13, found support at it’s ten week line, on good volume, and is in buy range up to $39.58.

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

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