Pre-Market Update - Buy Alerts for MTH, WLT,CEDC,& DXPE

Meritage Homes Corp. (MTH) - Daily Chart
The daily chart of MTH shows that it is in a bullish falling wedge reversal. As you can see, MTH is in a wave (3) to (4) pullback. I am adding MTH to the portfolio table because the building sector is showing signs of a bullish reversal. I want to buy half now and then buy other half at the breakout. The chart shows that it had a bullish Aroon cross, the Williams % and PPO were bullish, but have dipped slightly. If the pattern fails, the downside risk is $2.00 from entry. The short term price target $65.00. Medium term price target is at the 50% Fibonacci retracement level at $74.00. Catalysts should be coming soon.

Walter Industries, Inc. (WLT)- Daily Chart
The daily chart of WLT shows that it is in a bullish pennant. Use the pivot table for entry at $66.37. Today WLT closed above the pivot at $66.40.

Central European Distribution Corp. (CEDC)
The daily chart of CEDC illustrates that it is an ascending triangle pattern. Indicators and oscillators are in a bullish trend reversal. The width of the triangle determines the distance of the move/price target which is $55.00 If it dips to the uptrend line, I would buy more around the $39.00 area. This stock has already reported. The breakout area is $44.00.

DXP Enterprises, Inc. (DXPE)
The daily chart of DXPE illustrates that it is an ascending triangle pattern. Indicators and oscillators are in a bearish trend reversal but starting to look bullish. The width of the triangle determines the distance of the move/price target which is $35.00. Risk reward is good because DXPE closed on the uptrend line. I would use the 200 EMA as a stop loss. Earnings have already been reported.