EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: ADBE, CIEN, HOV, LULU Friday: CTB 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 the Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - Approaching 50 day SMA, MACD centerline test and RSI 40 support. FSLR - We are removing since it violated our closing stop, but today's reversal, if it sticks, would be bullish for those continuing to hold. I'd be VERY careful if gap support just above 50 is lost. NKE - Nice looking hammer in play thus far. If it holds into the close, could mark a near-term bottom. NSC - Weak earlier, now seems to be just a rising 20 day EMA test. ROC - Testing its 20 day EMA. A close above it today would be better than the alternative. Mid Cap Watch List: ECPG - Triggered our Second Entry at 44.75, hitting that number right on the button at the low this morning. GNTX - Up nicely today (nearly 3%) on increasing volume. A close above 30.49 would represent a breakout. AWAY - Today's open triggered our Initial Re-Entry at 36.58. Our Second Entry would be 35.00 on continuing weakness. LXK - Moved below our Closing Stop of 32.90 earlier today, but has since reversed, potentially printing a hammer. The potential cup that has been mentioned previously is no longer in play, but we could still see a bullish sideways consolidation pattern take place. I'd continue to use the 32.90 Closing Stop. Small Cap Watch List: ELY - Has triggered our Final Entry at 7.55. MMSI - Resting on its 50 day SMA. A close below would likely lead to our Final Entry at 14.40. DELETIONS FROM OUR WATCH LISTS: FSLR has been removed from our Watch List for making a technical violation of our Closing Stop. Others could be removed for the same reason later today. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com