Stocks that rose during Monday’s sell-off are exhibiting great relative strength and may lead the market higher when it rebounds. AAPL and TSLA both advanced on Monday. IRBT may have found support at its recent green line break-out. My perspicacious stock buddy, Judy, has been interested in IRBT for a long time. I own some IRBT and will hold it as long as it holds above its green line, around $40. (Click on chart to enlarge.)
MTRX hit a new high on Monday after holding its green line break-out. Note the huge volume spike when it first broke through its green line (all-time high base). IBD composite rating: 91
SALE also held its green line on Monday. IBD composite: 98.
