EB Watch List Update Report

Dear Members, A large number of stocks were removed from our Watch Lists late last week as they had seen very nice gains and earnings on several Watch List companies were just 2-3 weeks away. KEY EARNINGS REPORTS: There are no earnings reports of significance this week. I did not see ANY of our Watch List stocks scheduled to report earnings this week. ADDITIONS TO WATCH LISTS: There are no additions today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: HAR - Testing its 20 day EMA again today. LEN - Very nice winner the past week or two. It's overbought, so you could definitely take profits if you'd like. ORCL - Same as LEN - very nice action and overbought. ROC - Continues to ride above its rising 20 day EMA. SPLK - Nice doji candlestick on the rising 20 day EMA. VMC - Another strong push higher today. Mid Cap Watch List: ASNA - Excellent action today with its price nearing our Target Price of 22.00. CRR - Bouncing off the top of gap support. AWAY - Beginning to see its volume slow with a long-term negative divergence present. Taking profits at the current level would not be a bad idea, even though our Target Price is a few bucks away. LXK - Patience is a virtue, that's all I can say. OPEN - Also trying to hold onto its key moving averages. VIPS - Nice hammer printing today on the 20 day EMA. Small Cap Watch List: NTRI - Like today's candle (piercing) and the fact that it's printing at the top of gap support. RLD - Riding its 20 day EMA higher. DELETIONS FROM OUR WATCH LISTS: There are no deletions at this time. Happy trading and HAPPY NEW YEAR!!!! Tom Bowley Chief Equity Strategist EarningsBeats.com