Last weeks watchlist was solid once again, with a few of our longs FDO and FNF bringing in quite a profit. Be cautious heading into next week as Economic News will be the catalyst for movement. Here are the tickets we like thus far…
Long
CTR – On a breakout of $19.
DLTR – On a breakout of $45.
LANC – On a breakout of $43.
MJN – Potential entry on this recent IPO, easy to manage the trade with a stop under Friday’s low.
NTES – On a breakout of $28.75.
Short
BAX – Shorting into resistance at $49/$50.
DVN – Triangle forming, we will watch for a break either way before taking the trade. It is currently in a down trend.
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