Your stocks to watch for the coming week are J.B. Hunt Transportation Services (JBHT), Ulta Beauty (ULTA), Costco Wholesale (COST), Regeneron Pharmaceuticals (REGN) and Anthem (ANTM). Those stocks are nearing buy points or early entries.
X
Most of those stocks have been holding above their 50-day or 21-day lines — where most stocks have hit resistance.
The relative strength lines on these stocks are at or near consolidation or all-time highs. The RS line, the blue line in the charts provided, track a stock’s performance vs. the S&P 500 index. It’s an easy way to spot leading stocks in good markets or bad.
While these stocks are performing relatively well, they likely need the broader market to trend higher, or at least move sideways, to make much headway.
ANTM stock is on IBD Leaderboard. REGN stock, Costco and J.B. Hunt are on the IBD 50.
J.B. Hunt Stock
Shares fell 2.7%…
