EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: NUAN, QIHU Tuesday: ADI, CHS, EV, HPQ, JASO, LDK, PLCE, PLL, TIF, ZLC 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 no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: FSLR - Attempting to reverse off its 20 day EMA test today. GOOG - Breaking out above 1038 on decent volume, but could use more. HAS - Confirming its next breakout on very nice volume. ILMN - Pulled back earlier within a dollar of our Initial Re-Entry of 96.50. M - Very nice volume accompanying yet another new high. ROC - Bouncing off Friday's successful test of its rising 20 day EMA after triggering all three entry points. VMC - 57.79 is the closing breakout level. Today's intraday high was 57.87, but VMC is now below the breakout level. Volume is strong so a big finish would be bullish. Mid Cap Watch List: CRR - Bouncing after testing its rising 20 day EMA for the first time since earnings. FOE - Breaking above our Target Price of 13.50. Unfortunately, this one never dropped far enough for entry. FINL - Big volume supporting yet another breakout. GNRC - Closing in on next breakout level (51.44). AWAY - Volume lessening, but the volatility is not. Down 2.75% at last check with the rising 20 day EMA the next significant support level. LXK - Nice reversal, again off 20 day EMA support. MEI - Breaking out of a bullish inverse head & shoulders pattern that measures to 31.00. Could use more volume, but not bad. NTCT - Came up one penny shy of 29.92 resistance earlier today. Looking for another breakout here soon. OPEN - Been weak lately on light volume. Could see a rising 20 day EMA test to further unwind recently overbought momentum oscillators. RAD - Confirming volume continuing to support this advance. Small Cap Watch List: LIOX - Simply won't slow down. Up another 5.6% on extremely heavy volume. RLD - 8.91 is the level to watch. A close over that number on increasing volume would likely encourage more technical buyers. ZLC - REMOVING FROM OUR WATCH LIST AS EARNINGS ARE DUE OUT ON TUESDAY. DELETIONS FROM OUR WATCH LISTS: ZLC IS BEING REMOVED AS EARNINGS ARE EXPECTED OUT ON TUESDAY. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com