EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: BMO, BOBE, UNFI Wednesday: ARO, AVGO, GES, KFY, SNPS, VRNT 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: FRX - Failed to mention yesterday, but our Target Price of 54.50 was hit. It's continued rising and reached a level of 58.32, more than 10 bucks from our Initial Entry. We're keeping it on our Watch List, but will modify our trading strategy over the next couple days. HAS - Testing both 20 day EMA support (52.43) and price support at 53.00 today. MCHP - Currently trading beneath its rising 20 day EMA - and on increasing volume. 41.75-42.25 remains solid price support. NUS - On fire. Up another 4.78% today. Unfortunately, this one never hit our re-entry price after the latest breakout. ROC - Confirmed its breakout at the close yesterday on very heavy volume. We expect higher prices in the days ahead. Our Target Price of 90.00 is a long ways off. During any pullbacks, 70.53 will serve as closing price support. There's also the rising 20 day EMA for support. VMC - Testing price support near 55.00 and also once again testing its uptrend line. Mid Cap Watch List: CRR - After just testing price resistance on Monday, CRR is selling off on increasing volume. The rising 20 day EMA and recent price lows near 117-118 should provide support. FOE - Finally showing some weakness off the long-term negative divergence. 11.20-12.00 is the wide support range on further selling. FINL - Testing recent price lows and rising 20 day EMA. GNTX - Bouncing off 20 day EMA support on nice volume. AWAY - The most volatile of our Watch List stocks has caught fire again today. Needs to close above 38.25 to effect the next breakout. Volume is confirming. KFY - REMOVING FROM OUR WATCH LIST TODAY AS IT REPORTS EARNINGS TOMORROW. NTCT - Thus far has lost price support at 29.92 after gapping beneath it at the open. The rising 20 day EMA should provide the bulls short-term support. VIPS - Continues to grind higher. Now up 5 bucks from our Initial Entry and just 3 bucks from our 88.00 Target Price. Small Cap Watch List: RLD - Nearly triggered our Second Entry at 8.20 on today's weakness (8.25 was the intraday low). It has recovered nicely on moderate volume, actually 2.5% higher on the session. TASR - Approaching significant price support near 16.00, while at the same time testing its 50 day SMA. Our Final Entry is at 15.75. DELETIONS FROM OUR WATCH LISTS: KFY will be deleted as it reports quarterly results on Wednesday. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com