As expected, the market lost a little steam during the past few days, with buyers showing little interest after stocks ramped higher in previous weeks. Of course, the sellers aren’t showing much muscle, either, resulting in a short-term rotational, choppy environment. What about the long-term? Could the rally have already run its course? Sure, it’s always possible, especially given the stop-start environment since early 2011. But the evidence points to an intermediate-term (and longer-term) uptrend in the indexes and most stocks, so you should remain bullish. That doesn’t mean you can’t book a few partial profits on the way up, but you should also hold on to most of your best performers.
This week’s list has some different names, including a few that have recently strengthened after many months of idling. Our favorite of the week is
Jazz Pharmaceuticals (JAZZ), a former small-cap leader of 2010 and 2011 that consolidated for the better part of a year before breaking out last week.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| Computer Sciences (CSC) | 0.00 | 31.5-33 | - |
| Concur Technologies (CNQR) | 0.00 | 72-74.5 | - |
| Google Inc. (GOOG) | 0.00 | 710-730 | - |
| HCA Healthcare (HCA) | 137.60 | 31-32 | - |
| Jazz Pharmaceuticals (JAZZ) | 0.00 | 54-58 | - |
| Mellanox Technologies (MLNX) | 92.00 | 104-108 | - |
| MCO (MCO) | 0.00 | 44-45 | - |
| Phillips 66 (PSX) | 0.00 | 45-47 | - |
| Barrick Gold (GOLD) | 27.20 | 114-119 | - |
| Royal Gold, Inc. (RGLD) | 129.66 | 90-95 | - |