EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: ABT, ADTN, COH, EBAY, FFIV, GD, JEC, LSI, NFLX, NSC, NTRS, SNDK, UTX, VAR, WDC Thursday: ALTR, CY, DFS, ETFC, IGT, ISRG, JBHT, JCI, JNPR, KLAC, LMT, LUV, MCD, MSFT, NOK, PCP, SBUX, SYNA, UAL, UNP ADDITIONS TO WATCH LISTS: We are adding the following stock to our Large Cap Watch List: IHS - $7.83 billion market cap, initial entry at 115.68, second and final entry at 114.00. Tight closing stop beneath 113.00. More details to follow on annotated chart that will be provided tonight on the website. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: LEN - Attempting to close back above 38.00 and its 20 day EMA. ORCL - Same as yesterday - will remove if it closes below 38.00. There's a long-term negative divergence in play so we don't want to take any chances here. PRGO - Bouncing off both 20 day EMA and 50 day SMA tests from Tuesday. ROC - Breaking below short-term price support at 72.00 and the rising 20 day EMA, but volume is very light. I'd look for recovery sooner rather than later. TIF - Finding buyers at the top of gap support. Mid Cap Watch List: OPEN - Squeezing into that symmetrical triangle pattern, while hovering close to its 20 day EMA and 50 day SMA. VIPS - Becoming quite overbought. If in it, consider taking at least partial profits. Small Cap Watch List: No comments. DELETIONS FROM OUR WATCH LISTS: ORCL will be removed if it closes beneath 38.00. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com