Posted: November 14th, 2009 at 12:16 pm EST
Though I still don’t want to add any new trades to the portfolio until we get a healthy, marketwide pullback, there are a handful of stocks I’ve got my eye on. Some of them have already been mentioned, while I’ve also got a few new ones. Here’s a quick rundown of what’s on the radar.
All the ideas we posted on the 4th are still possibilities.
Insulet Corp. (PODD)
With our last look at the chart I pointed out that resistance at $11.80 would need to be broken first before I was interested. Well, it was broken for a while, but the stock fell back under $11.80 last week. That’s ok though – I’d rather it build a solid foundation first (under resistance) and then move above it at a sustainable pace.

Insulet Corp. (PODD)
Healthspring Inc. (HS)
As of the 4th, Healthspring was on the verge of moving above a falling resistance line. In the meantime, that resistance was broken. Well, that line was topped last week. Volume’s been solid behind the gains made over the last three weeks as well. I still want to see how HS fares when facing a marketwide headwind, but I’ve got a feeling this one’s going to be added very soon.

Healthspring Inc. (HS)
Idex Corp. (IEX)
Same story as last time… IEX shares are in a pretty reliable bullish trading range. I’m just trying to time an entry at some point when the stock’s just brushing the lower edge of that zone. The fundamentals are ok; they’re better when the share price is priced at the support line than at the resistance line (there’s about a $4 differential between the two).

Idex Corp. (IEX)
Prior to November 4th we had mentioned a handful of other ideas, most of which are still on the table. Among the most interesting….
Universal Electronics Inc. (UEIC)
This chart was first reviewed back on October 16th. I wanted to see resistance at $22.50 snapped before diving in. Well, resistance was broken, and the stock’s now at $23.05. I don’t like the way it was broken though… all in one shot, with no progress since then. I have to question the sustainability of the move. Let’s see if UEIC can build a base here.

Universal Electronics Inc. (UEIC)
We’ve only got one brand new ticker to add to the watchlist…
A.M. Castle & Co. (CAS)
The current fundamentals don’t look all that great, but the forward-looking one look better (i.e. profitable). The chart’s been working on recovering as well. The key here will be getting over the hump at $13.70. We’ll look at it in more detail if/when the time comes.

A.M. Castle & Co. (CAS)