The Dow Jones Industrial Average has climbed nearly 5% over a four-session buying spree, up about 1,000 points. On Monday, the popular benchmark held a 1% gain at around 1 p.m. ET. And the stock market today also shows the blue-chip Dow Jones achieving a critical technical milestone.
XMeanwhile, numerous stocks in the IBD Stock Spotlight stock list are showing true leadership potential amid the coronavirus stock market rebound. Gold cooled off. U.S. crude oil prices got hammered.
These Stock Spotlight companies include MSCI (MSCI), Tyler Technologies (TYL), Take-Two Interactive (TTWO), BioMarin Pharmaceutical (BMRN) and Freshpet (FRPT).
You can go to "Stock Lists" on the main navigation bar of Investors.com, then click on "Stock Spotlight" to view the list. Also, IBD Weekly featured a single line of concise chart analysis at the bottom of all 16 weekly charts to help readers identify the proper buy point and follow-on entries, as well as key sell signals.
Tyler Technologies Near A Buy Point
The latest story focuses on the fundamental and technical analysis of Tyler Technologies, which is forming a cup-with-handle base. The cup with handle began showing up as early as the 1880s, when railroad stocks ruled the market. It is a time-tested pattern that reflects human emotions, which drive stock prices.
The Dow Jones at one point showed gains of 1 point or more by at least a dozen of the 30 components. Home Depot (HD), money centers Goldman Sachs (GS) and JPMorgan Chase (JPM), and industrial giant 3M (MMM) paced the upside.
Also, the Dow industrials looks poised to close above the 50-day moving average.
That would mark the first such instance since Feb. 21. On Feb. 25, IBD downgraded the outlook on stocks to "market in correction." (For more details, please see this Feb. 25 IBD Big Picture column.)
To understand why IBD made a change earlier this month in the current stock market outlook, please read the Big Picture column each day as well as details on a follow-through day by the S&P 500 in the April 2 Big Picture story.
Beyond Dow Jones
The Nasdaq composite and the S&P 500 outperformed the Dow Jones industrials with gains in the 1.1% to 1.2% range.
Innovator IBD 50 (FFTY) rallied nearly 1.9% and rebounded back above its 50-day moving average.
Volume is running modestly higher vs. the same time Friday on both the Nasdaq and the NYSE.
MSCI Stock Analysis
MSCI, a play into the China financial markets as well as global investing services in general, sports a 98 Composite Rating on a scale of 1 (crumbled) to 99 (crushing it). The Composite rating ranks all stocks in the IBD database in terms of their fundamental, technical and fund ownership qualities.
The member of IBD's specialty financial services industry group has built a nine-week cup without handle, producing a 335.53 correct buy point.
MSCI has also garnered a spot in the IBD 50 frequently over the past 12 months.
In Leaderboard, chart annotations get added to the top 10-ranking stocks in the IBD 50 to help investors quickly locate buy points, sell signals, and other key changes in price and volume.
Please follow Chung on Twitter at @SaitoChung and @IBD_DChung for more on growth stocks, buy points, breakouts, sell rules and market insight.
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Dow Jones Rises 1,079 Points In 4-Day Run; These 5 Growth Stocks Set Up New Buy Points - Investor's Business Daily
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