The stock market has raced off its recent lows to challenge its recent highs and in doing so, several leading stocks have done the same. After running a scan a couple days ago of stocks that meet IBD's growth criteria, I came up with a list of stocks worthy of keeping an eye on.
Below are charts of eight of these stocks that are teasing their recent highs. Not all these stocks are in leading industry groups nor do they all have the 17% ROE IBD likes to see, but you can't always get the super model either. Don't aim for perfection, aim for what is practical.
If this market is for real (IBD was hesitant in calling the current environment a market uptrend, so bear that in mind), several of these stocks could bust out of their consolidations and shoot right past their buy points without so much as kiss goodbye.
The daily charts of these stocks are all below. Do your research. I don't plan to buy all of them, only the ones that really catch my eye on a legit break out. Once again, thanks to http://www.freestockcharts.com/ for the charts, which you can use to get real, free time data. I am not paid to say this. I just like them very much.
Friday, April 1, 2011
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