EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Wednesday: BBBY, GPN, MON, SCHN, STZ Thursday: AA, AYI, FDO, INFY, SNX (recent EB stock) ADDITIONS TO WATCH LISTS: There are no additions today although both APOL and MU are under consideration. I will watch to see how they trade technically into the close today and over the next couple days. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: LEN - Moved just below 38.00 and approached its rising 20 day EMA before bouncing. MCK - Up 5.4% on BIG volume today. Breakout. MCHP - Breaking out again on solid volume. MACD looks good, I expect higher prices. Target Price is 47.00. PRGO - Attempting another breakout. SPLK - Confirmed the breakout at Tuesday's close. The breakout measures to 80.00, which happens to be our Target Price. Mid Cap Watch List: ASNA - Continuing to weaken. 21.75 is an area likely to attract some buying interest. The rising 20 day EMA is the best re-entry price. CRR - Seems bent on testing price support near 108.00. LOCK - Trying to close over 17.00. 17.13, then 17.65, are the two resistance levels to watch. VIPS - Latest breakout measures to 101.00. Nice volume trends. Small Cap Watch List: NTRI - Held Closing Support on Tuesday and is recovering nicely today. RLD - I do not like the action today and will remove this one if it finishes today beneath 8.20. The next stop on RLD is 7.40-7.50. DELETIONS FROM OUR WATCH LISTS: RLD will be removed on a close beneath 8.20. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com