EB Watch List Update Report

Dear Members, Happy New Year to all!!!! 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 50 day SMA today. MCHP - Hitting initial price support near 44.00, then comes the rising 20 day EMA. ROC - Another test of its 20 day EMA. SPLK - Big volume today as it moves higher - opposite the overall market. 73.56 represents the next breakout level. TIF - Shooting star (reversing) candle with a long-term negative divergence in place. Consider taking profits. Mid Cap Watch List: ASNA - Big volume and hit our Target Price of 22.00. GREAT TRADE!!! A close over 22 would be bullish. CRR - Keeps flirting with the top of gap support at 113.50. AWAY - Bouncing after nearly testing its rising 20 day EMA. LOCK - Rough day, but volume is just moderate. OPEN - Consolidating in a symmetrical triangle pattern. VIPS - Hit our Target Price of 88.00. GREAT TRADE!!! Small Cap Watch List: NTRI - Volume increasing on today's rise - bullish. TASR - Trying to bounce off today's earlier move below 15.00. A strong finish would be much better than the alternative. Our closing stop is at 15.50 so it'll be removed if it doesn't recover. RLD - Riding its 20 day EMA higher. DELETIONS FROM OUR WATCH LISTS: There are no deletions at this time, but TASR will be removed if it closes beneath 15.50. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com