Market Lab Report - Review of the Current VoSI Focus List as of August 12, 2016
Current VoSI Focus List as of August 12, 2016
Please note that all data and ratings shown on the spreadsheet above are provided by HGS Investor Software, LLC. Further information is available at www.HighGrowthStock.com.
Stocks pulling back into their 10-day moving average: AMZN, ELLI, EW, FB, GIMO, SIMO, UFPI, and VUZI (earnings expected on 8/15). As stated in prior updates, VUZI does not provide the augmented reality technology but provides eye wear for Pokemon Go platform to enhance the user's experience. Thus, do not expect VUZI to be a huge gainer. It may have already run its course, so keep stops tight.
Stocks pulling back into their 20-day moving averages: AMWD (earnings expected on 8/23), TEAM, BSX, EXP (on top of a prior base as well), ISRG, and JBT.
Stocks pulling back into their 50-day moving averages: EDU.
NVDA posted a buyable gap-up move on Friday following earnings. While we have not sent out a report on Friday's move, it is actionable using the 60.63 low as a selling guide. We have mentioned NVDA as actionable a number of times prior including its buyable gap up move on May 13.
Last weekend we indicated that members should watch FN for a possible recovery back above its 50-day moving average. The stock was able to move back above the line on Tuesday and the on Friday posted a big-volume pocket pivot. FN is expected to announce earnings on Monday, August 15.
MXL, VMC, and DY have been removed from the Focus List after they broke down following earnings. "Earnings roulette" is always an issue in this market, and members must always consider whether they will hold a position in a particular stock through an earnings report. Our view is that this is best done IF one has a decent profit cushion in the stock going into the report.
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