EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Friday: ANN, CTB, PETM Monday: NUAN, QIHU These are just a few of the companies reporting today and Monday. Please check earnings dates for any stocks you own. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - Hit the recent candle body high of 139.94 before backing off. Not bad volume so another breakout would be supported by volume if it were to occur. SCHW - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. After hitting our 25.00 Target Price, SCHW is seeing some profit taking today. GOOG - The inability to break out near-term could result in further consolidation to reset the MACD at or near its centerline support. HAS - In a cup with handle pattern. A breakout above 52.98 on confirming volume would measure to 55.50-56.00. 56.00 is our Target Price. ILMN - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. MCK - Breaking out again today. There's a negative divergence, BUT volume is increasing. If I was in, I'd keep an eye out for a reversing candle, then take profits. NUS - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. NUS is breaking out today on very nice volume. I'll watch it closely, but we may need to revise our trading strategies again soon because of the breakout. PRGO - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. ROC - Triggered our Final Entry of 66.58. A reversal today off of the top of gap support would be bullish, especially if ROC can close back above its 20 day EMA. VMC - Strengthening. Look for some possible resistance at 57.79. A close above this level on higher than normal volume would be bullish. Mid Cap Watch List: CRR - Challenged recent candle body high and now selling off from that level. FINL - Hit our Target Price exactly at 27.00 before reversing and printing a potential shooting star candle. Given the negative divergence, unless we see increasing strength this afternoon, expect some short-term weakness here. KFY - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. It's not likely that KFY will drop to the areas of our additional entry points, so we've raised them to 23.00 and 22.00, meaning that we'll actually average up on this one. NTCT - Hit 29.89 earlier. Remember, 29.92 represents breakout on a closing basis. Will need more volume to support its next breakout. Volume is very light today. RAD - Higher volume continues as it moves within one penny of our 5.40 Target Price. Unfortunately, RAD never hit our entry points. SNX - REMOVING FROM OUR WATCH LIST. SNX has been a great performer and moved past our Target Price of 63.00, but volume has been very light of late and earnings are just a few weeks away. If you own it, it's a nice profit to take off the table. VRNT - Doing little today after a strong move higher the past two sessions. VRNT will be reporting earnings in a couple weeks so taking profits at some point makes good sense. Certainly, any move to 38.00 and we'll remove it from our Watch List. Small Cap Watch List: BLDR - Continues to struggle on a relative basis, but volume trends are fine. We'll remain patient. LIOX - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. ZLC - ADDED A REVISED CHART WITH NEW TRADING STRATEGIES. DELETIONS FROM OUR WATCH LISTS: SNX is being removed from our Mid Cap Watch List as it's passed our target price, volume is dwindling to a very low level and earnings are only a few weeks away. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com