It can be tough to find the time to comb through thousands of publicly-traded companies for potential investment candidates. But the MarketSmith Growth 250 can help you easily find top stocks to watch, like longtime medical sector leaderIntuitive Surgicaland IPO stock leaderPing Identity.
An easy way to quickly identify some of the top growth stocks near potential buy points is to use the MarketSmith Growth 250 Near Pivot sub-list. The premium list overlays the Pattern Recognition (real-time chart pattern analysis) over the Growth 250 (an institutional-quality list of top growth stock ideas) to create one list of top stocks near potential buy points.
Other sub-lists within MarketSmith Growth 250 include "Breaking Out Today," "Recent Breakouts" and "Tight Areas."
On Feb. 19, Near Pivot candidates include Intuitive Surgical and Ping Identity, as the current stock market uptrend continues, according to the IBD Big Picture. The Nasdaq and S&P 500 notched record highs Wednesday.Stocks To Watch: Intuitive Surgical's New Buy Point
On Thursday, Intuitive Surgical stock cleared a 616.66 buy point in a flat base, according to MarketSmith chart analysis. The stock regained its key 10-week moving average last week after breaching that level in heavy volume following the company's conservative 2020 outlook.
The current base pattern came after a solid move from a 549.10 buy point in a cup with handle pattern beginning with an Oct. 18 breakout.
The stock's strength paved its path into the IBD Leaderboard service on Oct. 21.
Join IBD experts as they analyze winning stocks on IBD Live every morning. Take a free trial!
Intuitive Surgical stock boasts a best-possible 99 IBD Composite Rating, according to the IBD Stock Checkup. The IBD Composite Rating helps investors easily gauge the quality of a stock's fundamental and technical metrics.
In other IBD ratings, Intuitive Surgical shows a 96 out of a highest-possible 99 EPS Rating and a superb A SMR Rating. The EPS Rating tracks a company's earnings strength, while the SMR Rating analyzes a company's sales, margins and return on equity.Ping Identity Stock Also Makes This MarketSmith Stock List
IPO Leader Ping Identity on Thursday rushed past a 28.11 buy point in a flat base and rallied as much as 6% above that entry. Shares of the IPO stock to watch are about 4% away from the correct buy point in the current stock market. The latest formation comes on the heels of a breakout past a cup without handle and its 21.10 buy point on Nov. 21.
Ping's fourth-quarter earnings are due out March 4 after the stock market close. Analysts expect the cybersecurity leader to earn 10 cents per share, vs. a net loss of 3 cents a year ago, on revenue of $65.7 million, up 11%.
Bullishly, the stock's relative strength line headed into new high ground. The RS line, which measures a stock's price performance vs. the S&P 500, should hit a new high on the breakout day or shortly thereafter. The RS line is the blue line on every IBD daily and weekly chart.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the stock market.
YOU MAY ALSO LIKE:
Join IBD Live For Stock Ideas Each Morning Before The Open
IBD's Stock Market ETF Strategy
Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists
Top Stocks Near Buy Zones With Stock Market At All-Time Highs
MarketSmith Provides Investing Tools That Are Easy To Use