EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Thursday: AA, AYI, FDO, INFY, SNX (recent EB stock) Friday: None ADDITIONS TO WATCH LISTS: STZ looks solid, but we'd like to see a pullback before entering, so we'll hold off on Watch List additions for now. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - Continues to rally off its gap support zone test earlier this week. HAR - Nice volume to accompany its potential closing breakout above 85.00. MCK - Overbought, and our Target Price of 175.00 was reached with the gap open this morning. GREAT TRADE!!! And we're removing this one from our Watch List. SPLK - Retested its recent breakout level (73.56) and is bouncing. VMC - Making yet another breakout on decent volume. WSM - Struggling today - a close above the 20 day EMA would be best. Otherwise, price support near 57.50 should hold. Mid Cap Watch List: ASNA - Moved below 21.75, which was identified as a nice re-entry point off the bearish shooting star candle earlier in the week. FINL - Nice 20 day EMA test today. AWAY - Don't like the candle today given the long-term negative divergence. I'm removing this one if it closes beneath 41.00 today. LOCK - Possible bullish inverse head & shoulders pattern developing. Small Cap Watch List: MMSI - Volume increasing as it tests its falling 20 day EMA from underneath. A close above would certainly be more bullish near-term. NTRI - Would like to see this very recent pattern of higher highs and higher lows continue. DELETIONS FROM OUR WATCH LISTS: MCK hit our Target Price and is being removed. RLD closed below 8.20 at Wednesday's close and was removed. AWAY will be removed if it closes beneath 41.00. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com