EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: APOL, MU Wednesday: BBBY, GPN, MON, SCHN, STZ ADDITIONS TO WATCH LISTS: There are no additions today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: MCK - Big volume today to accompany its bounce off both 20 day EMA and 50 day SMA support. SPLK - Breaking out on big volume. A close today over 73.56 would be bullish. VMC - Bouncing nicely off of yesterday's 20 day EMA. WSM - 59.77 represents breakout. Today's intraday high was 59.87, but it's since backed off that level. Volume has been increasing, probably only a matter of time before we see the breakout. Mid Cap Watch List: ASNA - Struggling, as expected, off Monday's bearish candle. CRR - Been failing recently at 20 day EMA resistance so a close over that moving average is what we want to see. AWAY - Another breakout with nice volume, but there remains a long-term negative divergence. If you're in this one, I'd raise my closing stop to 40.75. LXK - Continuing to strengthen and with good volume. A close today over 36.00 would be nice action. LOCK - Patience is a virtue. Check out today's volume and advance. NUVA - Also breaking out on very heavy volume. Great action. OPEN - Up approximately 5% as volume surges. TTEK - Becoming a nice winner after holding trendline and price support. VIPS - Yesterday's Re-Entry Price at the 20 day EMA proved to be quite timely. Excellent 8% gain today. Small Cap Watch List: ELY - Trading in a very narrow 8.35-8.65 range primarily. Looking for another push higher eventually. NTRI - Changing the Closing Stop from 15.75 to 15.70 as the previous high close was 15.71. This one is weak today and will be removed if 15.70 is violated at the close. RLD - 8.20 is a big support level. Even though we have a Closing Stop much lower (at 7.40), those concerned could definitely use the 8.20 level as a much tighter closing stop level, if so inclined. DELETIONS FROM OUR WATCH LISTS: There are no stocks that currently would be removed from our Watch Lists, but NTRI should be watched closely into today's close for a violation of our Closing Stop. If it closes below, it comes off. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com