As the market indexes jump back above key moving averages, IBD Leaderboard showcases stocks like Nvidia, Uber Technologies and fresh new IPO Nextracker. Plus, Crocs, Palo Alto Networks, Lattice Semiconductor, Dynatrace and more expand the list of top stocks to watch.
Further highlighting the renewed strength in growth stocks this year, six IBD Leaderboard or watchlist stocks have also landed spots on the IBD 50, including Uber, Crocs, Dynatrace, MercadoLibre, LPL Financial and Inspire Medical Systems.
NVDA stock and Uber join six other Leaderboard stocks trading within a buy range right now. Others include MercadoLibre, LPL Financial, Iridium Communications and Fluor.
Having just gone public on Feb. 9, solar stock Nextracker has already heated up a spot on the IPO Leaders stock screen. The maker of equipment to track solar rays was featured as the IBD Stock Of The Day on Friday. Showing how IPO stocks can be particularly volatile, Nextracker has reversed below the buy point in an IPO base it cleared on Friday.
Support, Volatility In Nvidia, Uber, Crocs And More
As the market's renewed uptrend tests its mettle, support and resistance at the 10-week and 50-day moving averages come into focus.
Uber is trading around a 34.43 buy point in the weekly chart while testing its 21-day exponential moving average. The ride-share leader has fashioned a big run in recent weeks. Uber continues to hold the bulk of those gains, staying above its 10-week line.
Nvidia briefly touched an 11-month high early Monday before slipping. But the fabless chip designer continues to hold nearly all of its big earnings gap-up from last month.
MELI stock cleared a base-on-base pattern entry at 1,250.48 Monday. The so-called "Amazon of Latin America" was today's IBD 50 Stocks to Watch selection.
Earning placement on the Leaderboard watchlist, CROX stock has found support at its 10-week line after blasting off it on last month's earnings report. The maker of popular foamy clogs and other comfortable shoes has consistently found support at that benchmark line as Crocs stock has galloped off its July lows.
