Watchlist for April 9th

As a reminder, I am trading an Investors Business Daily swing type strategy right now.  I’m taking a break from the day trading and I’m watching high quality, IBD type stocks to buy and hold on to for a bit while I take care of some other business.

BCSI – Blue Coat Systems Inc – trading above it’s 50 day moving average, that has a good earnings per share ratio and has shown acceleration over the last few quarters and showing strong sales growth.  It’s trading at the end of a 3 weeks tight pattern and am looking for a breakout at 33.76

CTSH – Cognizant Technology Solutions Corporation – descent earnings per share, but really strong sales growth. Trading sideways in another tight pattern – possibly 5 weeks tight?  Looking for a breakout at 52.78.

CSTR – Coinstar, Inc – fundamentals not as great as I would like them to be.  Earnings per share change is 45% and average growth over the last 3 quarters is 52%, so that’s good.  But analysts estimate current quarter change is pretty low, but they still estimate the year will be around 50% growth.  It just passed a double bottom buy point and could have a chance to get in around 36.10 after breaking out of a cup base.

EZPW – EZCorp, Inc – I’m getting lazy, so I’ll just say it’s got strong fundamentals.  Good earnings, great sales, and it’s trading sideways in a tight pattern.  Watching for a breakout at 22.29.

VIT – Vanceinfo Technologies Inc American Depositary Shares – Impeccable fundamentals.  Trading in a double bottom base, waiting for a breakout at 23.85.

DBRN – The Dress Barn, Inc – Good earnings, descent sales.  Just past a buy point at 27.38 after a base-on-base pattern, but still close enough for me to potentally buy.  Keeping an eye on this one.  I don’t want to let it slip away.

NUS – NU Skin Enterprises, Inc. – tight pattern – watching it to hit a buy point of 30.33.