Only 3 stocks came up in my new high and good earnings scan, two of which are above green line tops: DPZ and AAON. Under 100 stocks hit new highs on Thursday, down from 680 on Wednesday. T2108 is now in neutral territory at 64%. Over 200 stocks that hit a new high in the past month bounced from support on Thursday. Many of these would have been good buys during the early Thursday decline. Let’s see if they hold on Friday.
Dr. Wish
Markets still in up-trend
T2108 declines to 67%, still in neutral area. Only 12 of 44 stocks with good recent earnings that hit a new high on Wednesday closed above Tuesday’s price. Wednesday had a lot of stocks opening strong and selling off. Time will tell if this break brings in a significant decline.
Latest new high and good earnings scan identifies 12 IBD stocks
My new high and good earnings scan detected 12 stocks that have appeared in my IBD watch-lists. They appear below. LOPE broke out of a green line top this month. PODD and VIPS came up too and are not on my IBD list but are worth researching.
