IBD sees resumed up-trend; GWRE: green line break-out

GMI6/6
GMI-26/8
T210865%

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.

0429Newhighscan

1 thought on “IBD sees resumed up-trend; GWRE: green line break-out”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: