EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Monday: None
Tuesday: FDS, JBL, PAY, TECD
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 - Testing 50 day SMA, not bad initial entry for those wanting to establish a position.
SCHW - Again trying to close above 25.00. Could use more volume into the close.
HAR - Moving back above its 20 day EMA is a short-term positive.
MCHP - Bouncing some today after triggered our Second Entry at 41.50 last week.
NSC - Very nice recovery off 20 day EMA test.
NUS - Attempting its next breakout.
PRGO - Trying to establish 149-150 as solid short-term support.
ROC - The 20 day EMA seems to be a very solid entry level, if not in already.
TIF - Making its next breakout.
Mid Cap Watch List:
CRR - Not far from solid gap support near 113-114.
ECPG - Volume is light, but a bullish candle printing at support. Second Entry has triggered at 44.75.
FINL - MACD now in good shape with recent 50 day SMA test. Solid action today.
GNTX - Huge move today on big volume, breaking out to another high.
LOCK - Just below its 50 day SMA. Our Second Entry is at 15.05, still a ways to go to get there.
NTCT - Nearly triggered our Second Entry at 27.50 (intraday low was 27.58).
RAD - Big move today off its 20 day EMA support. Volume good too.
Small Cap Watch List:
ELY - Moving up solidly for the second consecutive day. Perhaps this is the beginning of a nice rally? We'll need to clear 8.00 first.
TASR - Narrowly avoided being stopped out on Friday, closing at 15.52 while the Closing Stop was at 15.50. TASR has rebounded today, however, up nearly 10% for the session.
DELETIONS FROM OUR WATCH LISTS:
There are no deletions today, other than those that could occur naturally due to closing stop violations.
Happy trading!
Tom Bowley
Chief Equity Strategist
EarningsBeats.com