Two more stocks that we are starting to like here…
The following stocks are starting to show a little strength here. They are Wingstop (WING, $30.50) and Under Armour (UA, $19.66).
Wingstop has been moving sideways, but could have possibly just completed a Last Point of Support at the recent low at $28.30. Like the way it has rallied the last few days with the Wyckoff Wave under a little pressure.
Under Armour has been beaten up, but it is showing a little bit of outperformance short term. I would be looking to buy soon, and use a stop at the previous low of the test of the spring at $17.47. The O-P has been trending lower for weeks and just now starting to maybe show a little strength. The Technometer is overbought so it would be nice to see that come down a little in the few days ahead.