EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: ADSK, ANF, BKE, DELL, DLTR, GME, GPS, INTU, MRVL, P, ROST, TFM, TGT Friday: ANN, CTB, PETM These are just a few of the companies reporting today and tomorrow. Please check earnings dates for any stocks you own. ADDITIONS TO WATCH LISTS: There are two additions to our Watch Lists today as follows: Mid Cap: VIPS, $4.45 billion market cap - entering at current price (79.88) with 2nd entry at 72.00. More details on annotated chart this evening. ECPG, $1.19 billion market cap - entering at current price (46.71) with 2nd entry at 44.75. More details on annotated chart this evening. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: SCHW - Hit our Target Price of 25.00 (high today was 24.99 at last check). GREAT TRADE!!! We will keep SCHW on our Watch List with new re-entry trading strategies reflected this evening. GOOG - Again challenging resistance near 1038. HAR - 81.82 is short-term price resistance. Today's high was 81.86. ILMN - Two days after triggering our Entry Price at 92.00, ILMN triggers out Target Price of 99.00. GREAT TRADE!!! I'll update re-entry trading strategies this evening. MCHP - Breaking out to fresh highs today. NUS - Hit our Target Price of 120.00 just a couple weeks after triggering an Entry Price of 111.00. GREAT TRADE!!! I'll update re-entry trading strategies this evening. ROC - One of the few Watch List stocks down today. It still has another .7% or so to go to hit our Final Entry of 66.58. Of note, ROC is challenging its 20 day EMA for the first time since breaking out with earnings. Mid Cap Watch List: LXK - Continues to hover just above its rising 20 day EMA. NTCT - Regaining strength off its recent 20 day EMA test. We're looking for a close above 29.92 on increasing volume to attract more technical buyers. NUVA - 33.51 represents the next breakout. It was trading at 33.49 at last check. RAD - Volume picking up on today's move higher just as its daily MACD attempts to reset near centerline support. VRNT - Volume accelerating here as well as VRNT was up nearly 3% earlier in the session. 38.20 represents short-term price resistance should it get that far. Small Cap Watch List: ELY - Potentially beginning to bounce at price support just above 8.00. RLD - Failed on its earlier attempt to breakout above 8.90 (hit 9.00 intraday). That might result in more short-term selling unless we see strength in the last half hour to push RLD back above 8.90. SIGM - Light volume, but continuing its recent surge. This appears to be a pre-earnings run up. Clearing 5.80 would likely attract more momentum traders. DELETIONS FROM OUR WATCH LISTS: There are no deletions from our Watch Lists today. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com