The 11 stocks below came up in my new high and good recent earnings scan and appear in one of my watch lists of stocks mentioned as promising by IBD.
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IBD: Market up-trend resumes, so doe XONE
After only two days since calling a correction, IBD now sees the market back in an up-trend. I am not the only one who can get whip-sawed by this market. The GMI Buy Signal remains in effect since late February. It will be important to see if the snap back rally on Thursday can continue into next week. Interestingly, XONE, came right back with the market on Thursday. I am holding this position, based on the exciting 3D printing concept. Note how XONE has found prior support at its 30 day average (red line). The ideal buy point for me would be at that average, but who knows if it will bounce there again? It all depends on the strength of the market.