Last week all the major U.S. indexes gained ground. The S&P 500 advanced 0.8%, the NASDAQ rose 0.7%, and the Dow and the NYSE composite each added 0.5%. The IBD outlook remains at “confirmed uptrend”. With the start of a new quarter, this week investors will be primarily focused on Friday’s employment situation report. The slow motion rally continues, keep taking what it’s giving.
This week, three watch list stocks are in a proper buy range. GRFS, trading at $29.01, found support at its ten week line and is in buy range up to $32.58. MX, trading at $17.31, is still within 5% of a $16.90 buy point off of a 1st stage flat base. HCA, trading at $40.63, broke out of a 2nd stage cup base and is still within 5% of a $39.70 buy point.
/as usual, your mileage may vary, always do your own homework