The Oxen Group Watchlist – May 16, 2011

The market is making buys tough. A lot of the stocks on our watch got slammed down today. Actually, they dropped so much that DKS actually is no longer a momentum play but actually could be a nice value play for a bounce back tomorrow. DKS is a strong company that has dropped over 5% today, and we continue to watch this one. We would love to buy it if it can get back over its 20-day EMA at 40.50.

We will also continue our watch of Buckle (BKE). This company is actually up on this down day and is looking strong. If we can get a really solid recovery day, BKE would definitely breakout and could make some very significant strides.