William O’Neil has said that stocks that have gone public in the recent past and that are reaching new highs may be worth noting. As a recent IPO climbs there are many funds that will need to buy it. The following four stocks had an IPO since 2019 and reached an ATH on Friday. DUOL is 3.3x its 250 day low.
Below is the weekly chart of DUOL, which had unusual volume on the break-out after reporting earnings. DUOL has an IBD composite rating=98 and RS=99.
The GMI remains at 3 (of 6) but only because the first component cannot yet be computed on at least 20 stocks. The GMI is usually a little late at turning Green.