PANW stock, Zim Integrated Shipping Services (ZIM) and KBR (KBR) count among this week’s top stocks to watch, along with Live Entertainment Nation (LYV) and Photronics (PLAB).
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Palo Alto Networks (PANW) and these other stocks are showing relative price strength and setting up, as the market tries to rebound. Several are just below buy points after rebounding powerfully off key technical levels. But in the current wild market, investors should be building watchlists of stocks showing bullish traits, rather than focusing on buys.
In addition, ZIM stock earns a spot on the IBD 50 list of top growth stocks.
On a weekly MarketSmith chart, four of the five stocks have relative strength lines hitting bullish new highs while in bases, indicated by a blue circle at the end of their RS lines. The RS line for Zim shipping stock, the exception, is just below the Feb. 17 high.
A rising…
