EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Tuesday: JPM, TECD, LLTC, WFC Wednesday: BAC, CSX, FAST, KMI, KMP, MTB, SCHW ADDITIONS TO WATCH LISTS: There are no additions at this time. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Large Cap Watch List: BCR - Chalenging 50 day SMA from underneath. A close above would be bullish. LEN - Finding price support just beneath 38.00 and the rising 20 day EMA also helping the bulls. MCHP - Solid day as semiconductors are leading the technology sector to outsized gains. MCHP has a Target Price of 47.00, which is not that far away now. PRGO - Pulled back to test the rising 20 day EMA, successful thus far. Mid Cap Watch List: CRR - Triggered our Final Entry at 108.00 just before the close on Monday. LXK - Clinging to 20 day EMA support. LOCK - Failed on yesterday's breakout attempt, but trying again today - on heavy volume too. NUVA - Has seen profit taking carry it back below 34.00 and to short-term price support. Looks good. VIPS - 93.00 is closing resistance and VIPS was at 92.90 at last check on average volume at best. If you re-entered at 83 on the 20 day EMA test, consider taking profits here and re-enter again on another rising 20 day EMA test. Small Cap Watch List: MMSI - Trying to close back above its 50 day SMA for the first time in 2-3 weeks. Price resistance is likely near 16.00, so a close over both the 50 day SMA and 16.00 would be much more bullish. DELETIONS FROM OUR WATCH LISTS: Technically, NTRI closed below its 15.70 Closing Stop (15.67) so we are removing it. Volume was fairly light, however, so I wouldn't blame you for holding. I'd now keep that 15.67 level as my closing stop, though. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com