EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: ACN, CCL, CTAS, DFS, KBH, NKE, RAD, RHT, WOR Friday: BBRY, CTB, FINL, KMX, NAV, WAG 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: We are adding two stocks to our Watch Lists today as follows: Large Cap: ORCL, $167.8 billion market cap, entry at the current price of 36.82 with Second Entry at 35.60. More details on the annotated chart later tonight. LEN, $7.2 billion market cap, entry at the current price of 37.02 with Second Entry at 35.40. More details on the annotated chart later tonight. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - Failed to hold onto Wednesday's nice gains, appears destined for its gap support zone between 127-130. GOOG - Attempting another breakout; could use more volume. M - Could close at its highest level since early in December. MCHP - Nice rally on big volume yesterday. Short-term trendline resistance just above 43.00, that's the next obstacle technically. PRGO - Volatility has exploded here with PRGO down 5 bucks today. Very strange action, but it would appear that 50 day SMA and MACD centerline tests are in order. Mid Cap Watch List: AYI - Hit 106.95 yesterday, just 5 cents below our Target Price. As far as I'm concerned, this is a target hit. Time for profits and see if another trade on AYI sets up. GREAT TRADE!!! ASNA - Rallying off of yesterday's bullish engulfing candle. CRR - Triggered our Second Entry at 113.50. A strong finish would be bullish. FDML - Has found support previously near 19.00. FINL - WE ARE REMOVING FINL FROM OUR WATCH LIST IMMEDIATELY AS THEY REPORT EARNINGS ON FRIDAY. FINL is up nicely from our last re-entry at the 50 day SMA. GREAT TRADE!!! AWAY - Huge winner off our last re-entry price. There's short-term resistance near 40.00 and volume is light so taking profits again on this one wouldn't be a horrible thing at the current level. We'll keep our 44 target, but 40 resistance could be a challenge. NTCT - Nice continuing rally off of the support test on Tuesday and Wednesday. OPEN - A move back above 80 with a close there would help the bulls' case here. TTEK - LOVED Wednesday's candle, holding support with a hammer. VIPS - Rally cap is on. Small Cap Watch List: ELY - Finally rebounding with gusto. Volume is strong today after this morning's gap higher. A close at or near the high would be more bullish. MMSI - Seems as though it's simply drifting towards our Final Entry at 14.40. Down over 3% today, but volume is extremely light. NTRI - 16.75 is our Second Entry and today's low was just four pennies away. RLD - Needs more volume. DELETIONS FROM OUR WATCH LISTS: FINL as they report earnings on Friday. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com