From Investor’s Business Daily: 2024-05-03 15:53:00

IBD 50 stocks have broken out but are lingering in buy zones for weeks, possibly due to overall market negativity. Google’s parent company, Alphabet, finally reached its buy zone after a strong catalyst pushed the stock up. Royal Caribbean remains in a buy zone post-earnings report. Breakouts may stall in uncertain markets.

Google stock broke out but struggled due to weak volume until surpassing buy point after strong earnings. Stock hit a record high, then retraced but is now extended. Royal Caribbean hit an all-time high after earnings, briefly surpassing buy zone before retracing. Texas Roadhouse gapped up post-earnings.

Texas Roadhouse gapped up on strong earnings but remains uncertain if boost will continue. Texas and Arch Capital Group struggled to maintain momentum after initial purchase zone breakouts. Blue Owl Capital dropped from IBD 50 list after drifting back into buy zone, undercutting flat base buy point. Market trends key to breakout success.



Read more at Investor’s Business Daily: Google Stock Hit Highs After Earnings Jump