Wednesday, April 11, 2007

Wednesday Watchlist

Here is my primary watchlist for the rest of the week. Of course, I'll add to it as the week goes on.

XOM: pb 76
CVX: pb 76
HES: pb 54-54.50
RIG: bo 84 or pb 80
VLO: bo 70
PXD: pb 44-45
HOKU: bpt 5.90-6.15
MVIS: pb 3.80-4.10
OSIR: 17-17.50
TZOO: 36-36.50
ALXN: bo 45
EWZ: pb 48-50
FUL: pb 26.60-27.10
GES: pb 40-41
CCOI: now
CP: pb 56-57
OEH: now
NCTY: 38-39.50
FCX: short at R --> risky
RIO: pb 38
STLD: pb pb 40-41, 50 day MA
EMR: bpt 42-42.20, bottom channel support
MWA: bpt 13.50-13.75, bottom channel support
WFR: now, 60-60.70

Stocks needing deeper pullbacks (at least 2 points):
BWLD, GROW, DGIT, FWLT, EDU, ZUMZ, FCL, MICC, HOLX

Note that there are a lot more pullback (pb) than breakout (bo) plays. The reason is so many of the momentum players I watch have already broke out and are extended. My homework for next weekend is to find stocks basing near resistance levels, which will give me more breakout plays.

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