My 5 Favorite Growth Stocks

Common sense tells me that those companies that continue to have growth in both Revenue and Earnings will also continue to have an increase in Price.  I use Value Line to find those stocks which are predicted to have at least a 10% increase in both Revenue and Earnings in the next 3 to 5 years.  I then load that list into Barchart and sort first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  I always use the Fliphart feature to review the charts for consistent price appreciation.  Today's Watch List includes:

Conn's (CONN), Nvidia (NVDA), Align Technology (ALGN), Cognex (CGNX) and IPG Photonics (IPGP)

Conn's (CONN)

Barchart technical indicators:

• 164.08+ Weighted Alpha
• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 29.82% in the last month
• Relative Strength Index 69.19%
• Technical support level at 26.65
• Recently traded at 29.70 with a 50 day moving average of 23.10

Nvidia (NVDA)

Barchart technical indicators:

• 149.72+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 10.36% in the last month
• Relative Strength Index 73.66%
• Technical support level at 195.33
• Recently trade at 197.59 with a 50 day moving average of 177.11

Align Technology (ALGN)

Barchart technical indicators:

• 138.09+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 2, 50 and 100 day moving averages
• 11 new highs and up 7.02% in the last week
• Relative Strength Index 75.84%
• Technical support level at 201.48
• Recently traded at 202.64 with a 50 day moving average of 184.12

Cognex (CGNX)

Barchart technical indicators:

• 132.20+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.89% in the last month
• Relative Strength Index 70.48%
• Technical support level at 121.81
• Recently traded at 122.48 with a 50 day moving average of 111.51

IPG Photonics (IPGP)

Barchart technical indicators:

• 126.29+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.24% in the last month
• Relative Strength Index 82.20%
• Technical support level at 203.48
• Recently traded at 208.53 with a 50 day moving average of 182.60

#CONN #NVDA #ALGN #CGNX #IPGP