The market continues to act excellently, and we’re pleased to see more and more growth-oriented stocks flex their muscles, while many defensive sectors take a breather. Of course, part and parcel of that is that we’re seeing a little froth; investor sentiment is getting a bit giddy as some names explode higher. That doesn’t mean a top is imminent—our Market Monitor is solidly in the bullish camp—but it does mean you should be prepared for some news-driven potholes. Overall, you should be holding your best performers and putting more money to work at good entry points, but be sure not to get carried away after a good few months.
This week’s list has an impressive array of stocks that are showing extremely powerful accumulation. Our favorite of the week is
SodaStream (SODA), which is very volatile but just broke out on earnings last week on very big volume.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| Uni-Pixel (UNXL) | 0.00 | 33-35 | 29-30 |
| SodaStream (SODA) | 142.91 | 55-58 | 52-53 |
| Spirit Airlines (SAVE) | 57.03 | 27-28.5 | 25.5-26 |
| Oceaneering International (OII) | 0.00 | 70-73 | 67-68 |
| Ocwen Financial (OCN) | 0.00 | 41-42.5 | 37.5-38 |
| Meritage Homes (MTH) | 102.20 | 48.5-52 | 45-46 |
| MercadoLibre, Inc. (MELI) | 980.83 | 110-117 | 98-100 |
| Fortune Brands Home & Security (FBHS) | 81.02 | 38-40 | 35-36 |
| Electronic Arts (EA) | 0.00 | 20.5-22 | 19-20 |
| Ctrip.com International Ltd. (CTRP) | 34.94 | 27-28.5 | 23-24 |