EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: ALTR, CY, DFS, ETFC, IGT, ISRG, JBHT, JCI, JNPR, KLAC, LMT, LUV, MCD, MSFT, NOK, PCP, SBUX, SYNA, UAL, UNP Friday: BMY, COV, GWW, HON, KMB, PG, STT ADDITIONS TO WATCH LISTS: We are adding the following stock to our Large Cap Watch List: FFIV - $8.04 billion market cap, initial entry at 103.15 (current price), second entry at 97.50 and final entry at 94.50. Those wanting less risk can wait to see if second and final entries trigger before taking a position. 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: ORCL - REMOVED FROM OUR WATCH LIST A WINNER AS IT CLOSED BENEATH 38.00 AT WEDNESDAY'S CLOSE. NICE TRADE!!! PRGO - Again testing its rising 20 day EMA. ROC - On its last closing high, actually printed a long-term negative divergence. So today's near 50 day SMA test shouldn't come as a total shock. I look for ROC to bounce from the 50 day. VMC - Big volume accompanying yet another nice breakout. Mid Cap Watch List: LOCK - Hit our Target Price of 19.75 and REMOVING FROM OUR WATCH LIST A BIG WINNER! GREAT TRADE!!! Small Cap Watch List: ELY - pulling back slightly, but should find at least initial support at 8.73. DELETIONS FROM OUR WATCH LISTS: ORCL has been removed for violating our raised closing stop at 38.00. LOCK hit our Target Price and has earnings coming out shortly so we're removing it from our Watch List as well. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com