The Closing Print live trading and financial blog during market hours.

These MarketSmith candidates are from last night’s Near Pivot” Scan. All stocks are near breakout pivots with RS line at new highs. Look for bullish market indices before considering new positions.


We’ll consider trades on some of the candidates today only if relative volume (RVOL) is elevated above 2.0. As a sidenote, we also wait until the opening range (9:30 AM ~ 10:00 AM) completes so that VWAP has time to mature and for price action to be above a bullish sloping line.

Consistently exercising this workflow helps us identify when institutions are interested.

Hubspot – HUBS

IBD 50 member Hubspot (HUBS) is an example of the “Near Pivot” scan results, as the stock completes a second-stage cup with handle  base with a 547.57 (+/-) buy point. RS line is rising at 95. This potential winner is within 2% of its break out pivot zone (blue shading) accompanied by elevated volume. In addition, 3.5% of the float is short. Sales growth continues, with the company scheduled to report earnings on May 5 after the closing bell.

Hubspot (HUBS) is trading (+3.84) in extended hours.


Hubspot has a 93 Composite Rating and holds the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. SPS Commerce (SPSC) and Bentley Systems Class B (BSY) are also among the group’s highest-rated stocks.

Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,


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Disclosure: As an #ibdpartner, that means my use of investors business daily suite of services is complimentary. I also receive compensation from the company for my technical analysis services.