IBD gave up waiting for a follow-through day and now sees a resumed market up-trend. The GMI, however, has remained on a buy signal since late February. In fact, the QQQ may be about to break its recent top from last September. If it breaks through, we could have a large advance. Below are 10 stocks that came up in my new high and good earnings scan. They are all quite extended, but could be watched for a pull-back to support for entry. GWRE had a recent green line break-out to an all-time high and has a high IBD rating.
MELI very close to a green line breakout