The 10 stocks herein are from the Warren Buffett scan for Wednesday. Several of these stocks, including number one on the list, Meridian Biosciences (VIVO) are from the MarketSmith Blue Dot Scan and weekend video review shared with members two weeks ago.
Summary
Warren Buffett Scan
VIVO stock continues along a path to higher prices, with a RS line pegged at 99.
The company has a 97 Composite Rating, EPS growth rate of 23% and a 99 Relative Strength Rating.
Accumulation is the highest possible at A.
Meridian posted a 18% increase for the March quarter. Analysts expect a 16% decrease in annual EPS growth for both fiscal 2022 and 2023.
VIVO, PRVA and FNKO were the top three stocks on the MarketSmith blue dot scan the week of 06-19-2022. All three are continuing higher.
Join us today in the trading room for our LIVE 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,
Vinny
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Dollar Tree Inc. (U.S.: Nasdaq)
| AFTER HOURS 06:44 PM ET 7/6/2022 |
| $164.52 1.27 0.77% |
| Market Close |
| $165.79 | 0.95 | 0.58% |
|---|
| TRADE SETUP |
Currently a 2/3 position. Added as a full position on July 5 as stock broke a downtrend and tight area. Entry on SwingTrader at 160.50. Took off 1/3 position on July 6 at 166.28 with over 3% profit.
|
|---|---|
| IBD BUY ZONE | $159.38 – $163.36 |
| STOP LOSS |
Stop loss at close below 50-day moving average line (156.44 at time of entry).
|
| GOAL |
5% to 10% profit goal (168.53 – 176.55).
|