EB Watch List Update Report

Dear Members, NOTE: There will be no Watch List Update Report on Thursday or Friday due to the Thanksgiving Day holiday. I want to wish everyone safe travels and a VERY Happy Thanksgiving Day weekend. We'll be back to our normal schedule on Monday. Historically, the stock market tends to perform very well the Friday after Thanksgiving Day. Hopefully, this will be the case again this year. On to today's report.... KEY EARNINGS REPORTS: Wednesday: GES Friday: None These are just a few of the companies reporting today and Friday. Please check earnings dates for any stocks you own. ADDITIONS TO WATCH LISTS: There is one addition to our Watch Lists, as follows: Large Cap: TIF, $11.26 billion market cap - entering at current price (87.99) with 2nd entry at the top of gap support at 86.09 and final entry at price support at 83.00. More details on the annotated chart, which will be provided tonight. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: FSLR - A 2% bounce today off of its rising 20 day EMA. Volume is light, but nonetheless, solid technical action. HAR - Consolidating in a bull flag, just beneath breakout. This is a bullish continuation pattern that requires a heavy volume breakout to confirm. NSC - Moving up today to once again challenge price resistance near 88.00. It could use more volume if the breakout occurs. ROC - Bouncing nicely after triggering all three entry points recently. Initial price resistance will be felt at 70.53. VMC - Once again challenged the breakout level of 57.79 (that was today's intraday high) without any success. A nice cup has formed here though so I believe it's just a matter of time before we see the next breakout. Mid Cap Watch List: ECPG - Moving higher to challenge short-term resistance near 48.00. A break above could lead to more technical buying to send shares back up to hit our 50.50 Target Price. AWAY - Now two dollars off of Tuesday's low in what may be the most volatile position on our Watch Lists. Superb volume trends in place. NTCT - Broke out above 29.92 yesterday on confirming volume. Today, it's backtesting that level. Holding above 29.92 on the close today would be more bullish than the alternative. Volume is light, however, so I wouldn't be overly concerned with a close beneath 29.92. It may simply be another upcoming 20 day EMA test. RAD - Steadily increasing volume supporting this move to the upside. It's a monster. VRNT - WILL BE REMOVED FROM OUR WATCH LIST. Hit our Target at 38.00 today and will be removed from our Watch List as earnings will likely be out next week. GREAT trade!!! VIPS - Nice recovery off 20 day EMA. Small Cap Watch List: BLDR - Small gain today, but adding to the breakout from Tuesday is not a bad thing. LIOX - As discussed yesterday, LIOX bounced just as it neared its 20 day EMA. RLD - Like NTCT, made a breakout yesterday on nice volume, only to backtest that level today. A close over 8.91 would be better near-term than a close beneath that level. SIGM - light volume today, but a strong move up as we near the next earnings date. Our Target is 6.60, but locking in profits a few days before earnings would not be a terrible thing. DELETIONS FROM OUR WATCH LISTS: VRNT is being removed from our Mid Cap Watch List as it hit our Target Price and its next quarterly earnings are due out next week. Happy trading and HAPPY THANKSGIVING! Tom Bowley Chief Equity Strategist EarningsBeats.com