The following is the text for the watchlist in our weekly Growth Stock Journal.
February 25, 2001
We got enough selling to pull a couple of the stocks on the list into a buy range. I'd concentrate on AGY, BBBY, BOBJ, CHS, DRS, KLAC and SYK this week. Just two of the watchlist made a new 52-week highs last week, but the majority of the list is trading in the upper end of their range.
There were several good stocks to pick from for replacements this week, home builders, medical instruments, restaurants, and retailers were at the top of the weekly screening. I hated to see Best Buy get cut, it got tangled in the Circuit City warning, but the two additions should provide good trades, both CHS an UNH have been on our daily list. (see Updates).
AGY may be on the move back up, it is still close to the buy range and still looks good to me.
APOL hit the target exit Friday, looks like it is possibly breaking out now.
BBBY has come back down into its support. I'm a little worried about it since BBY had to be removed from the list, and like I've mentioned before, for some strange reason they seem to trade together. If that is the case this time, we may have see the last bounce on it. However, it might worth a trade with a buy closer to $32.
BOBJ is within a lowered target range, let it settle a day since it seems to have momentum to the downside.
BRO may have just carved it support range and this could be its week.
BSYS traded dropped Tuesday, but remained above its support range before moving back up to its target exit price.
CHS, (see Updates) may be just be dropping to support.
DHI hasn't come within range yet.
DLX is trading around its 7-day moving average, for this stock it is the low end of its range, I'd still like to see it closer to $45 to make a buy. It was mentioned in a Barron's story about debt, so I'd expect to see it get selling this week.
DRI (again), is still close to its 52-week high Thursday, and needs to come back down a couple dollars.
DRS is still working its way back up after hitting the buy range a week ago last Wednesday.
GTK needs to come down.
HRB made a new 52-week high on Thursday, it still needs to come back into support. HRB has earnings Wednesday this week.
KLAC is getting profit taking, may make a trade this week.
MHK is a run away train and needs some profit taking.
MME made a new 52-week high Monday, then got some selling, but not enough to buy on.
MNTG shot back up to its exit price, making another full round trip.
SYK might come into support this week.
UNH the other new addition on the week (see Updates), is trading at the high end of its range.
WLP is working is way back to support.
Sam |
