EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: ARO, AVGO, GES, KFY, SNPS, VRNT Thursday: AMBA, COO, DG, FNSR, IDT, MEI, RY, TD, ULTA, 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: SCHW - Downtrending slightly off recent 25.00 retest of price resistance. Our Target Price is now 27.00, but if you sold at our original Target Price of 25.00, initial re-entry at the rising 20 day EMA makes sense. FSLR - Attempting rebound on increasing volume. A strong finish today would be short-term bullish. HAS - Is trading below its rising 20 day EMA on increasing volume - bearish near-term action unless we see an afternoon recovery to the 53.00 area. Given the long-term negative divergence in play, HAS could be on its way to its rising 50 day SMA to reset its MACD near centerline support. That would simply bring our other entry levels into play. ILMN - Bouncing off our Re-entry Price of 96.50 once again. TIF - Challenged next breakout level at 89.14 earlier before reversing. The volume suggests the breakout is not likely to occur today. VMC - Don't like the move below 55.00 today. We'll stick with our 53.50 closing stop. A reversing candle on VMC would be bullish. Mid Cap Watch List: DWRE - Regaining strength after the recent secondary public offering announcement. Closing above 58.00 would be the next bullish step technically. AWAY - Hit recent closing price resistance at 38.25 before backing off. Volume is heavy so it does matter how this one finishes. Failure to make the breakout could suggest more short-term weakness ahead, while strength into the close would be bullish. Small Cap Watch List: BLDR - Weakening further today, but on light volume. We will remove it if it violates our closing stop of 6.50. Gap support is just above that level and buyers should be there. ELY - Struggling similar to BLDR, but we do have our Final Entry at 7.55, which is now only about 3% away. MMSI - Trading just beneath 15.50 where it's seen recent price support. TASR - Remains just above key support near 16.00. Gap support, the 50 day SMA and price support all converge in the 15.75-16.25 area. DELETIONS FROM OUR WATCH LISTS: There are no deletions today. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com