EB Watch List Update Report
Dear Members:
First, please note that we have updated the Candidate Tracker, removing some older stocks while adding almost 90 new candidates since May 26, so there are now 138 stocks on the list.
MARKET NOTE:
We've got a new trading day, week and month which is already off to a volatile start with all of the major indexes trading close to the flat line. This morning we saw mixed economic reports including a spending report that showed consumers aren't spending. Not exactly what the economy needs and helping to explain the negative GDP report from last week. The bulls know that if they can take the NASDAQ back to the recent high of 5119 it might help to generate some renewed buying interest.
ADDITIONS TO WATCH LISTS:
We are adding two stocks to our Watch list as follows:
VM Ware (VMW) at current entry price of $87.39
Interface Inc (TILE) at current entry price of $21.76
Full details on both stocks, including other entry points, price target and stop loss will be added to our site later today.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Short Watch List:
There are no Short Watch List stocks at this time.
Large Cap Watch List
GPRO - Up over 4% on solid volume on product announcement as remains strong
MAT - Bouncing off of its 50 day moving average; needs to get through its 20 day, now at $26.20.
MKC - Testing its 20 day moving average
Mid Cap Watch List
DLB - Hit second entry today at $38.77 and is bouncing with a nice looking hammer
RH - Hit brick wall again at $92.50; a close above would be bullish.
Small Cap Watch List
CAMP - Nice reversal today after trading below 20 day moving average
MMSI - Holding its 20 day moving average and a close above $21 on increasing volume would be bullish
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop loss.
At your service,
John Hopkins, Earnings Beats