Wingstop (WING) stock broke out of its recent consolidation on Monday, graduating to the MarketSmith Blue Dot scan in the process. Seven (7) stocks made the list, each from a diverse group of industries being accumulated by institutions.
- Earnings growing at a 19% clip
- Earnings growth 150% previous quarter
- RS Line 98
- Above average volume (+17%)
- Base breakout
The RS Line Blue Dot list identifies stocks whose relative strength lines are hitting new highs, while the stock is building a new base or breaking out past a new buy point.
MarketSmith Blue Dot Scan
MarketSmith Blue Dot scan found the seven stocks listed below the chart, in addition to Wingstop (WING), which surged +6.46 on Monday gaining more than 3.39%. The stock closed at 52 week highs, pushing its RS line to 98.
When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
Make your stock research more efficient. Get all the tools you need to find stocks, research their potential, and decide when to buy.
With Leaderboard, IBD’s experts give you a model portfolio of the best 10-15 stocks to buy, plus full trading plans for each pick.