Vanceinfo Technologies (VIT ) is really taking off after it’s breakout 2 weeks ago. It’s too far extended to buy right now, but I might consider buying more if it starts another base. Earnings are due on 5/13.
* Medifast Inc. (MED): perfect fundamentals… trading on the right side of a huge cup. The buy point would be 36.68. Earnings are due on Thursday 4/29 so I’m going to watch for a good report to push it past the buy point on above average volume.
* Priceline.com (PCLN): good fundamentals… earnings due on 5/11. Pulled back into buy range after passing a buy point 267.12 after several weeks of consolidation. The max buy point I would use would be 280.48.
* Atheros Communications (ATHR): good fundamentals (let’s just assume “good fundamentals” for now on, otherwise it won’t be on the list.) Earnings are still a ways out – July 21st. Almost pulled back to buy range after clearing a cup with handle base. The target buy point was 39.34 and the max buy point would be 41.31. Going to watch for it to come back into buy range and possibly grab some then.
Still in the radar in buy range (ticker/buypoint/max buypoint):
Blue Coast Systems (BCSI/33.76/35.45)
Cognizant Technology (CTSH/54.45/57.17)
Coinstar (CSTR/35.45/37.22)
EZCorp (EZPW/22.29/23.40)
WebMD (WBMD/46.63/48.96)
Warner Chilcott (WCRX/28.49/29.91)
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