The IBD MarketSurge blue dot screen finds stocks whose relative strength lines reached a new high while building bases or during breakouts. McKesson stock and two others stand out in the list with bullish charts.
McKesson Stock Near Highs
McKesson is in a flat base with a 612.17 buy point. The entry coincides with its all-time high reached June 25. Its relative strength line hit a 52-week high on the weekly chart, as shown by the blue dot. The stock has climbed for seven straight sessions and has gained 31% so far this year vs. 14% for S&P 500.
Profit estimates for the fiscal year ending in March have been revised up to 16% growth and 13% in fiscal 2026. The company holds a 6 out of 99 IBD Earnings Stability factor, with a lower number indicating more stable earnings. McKesson reports its fiscal first-quarter results on Aug. 7 after the market close.
McKesson is one of the nation's largest distributors of pharmaceuticals and medical supplies. It also provides services to the health care industry.
Education Stocks Doubles
American Public Education is in a cup base with a 21.04 buy point. The base began forming after the stock spiked following its first-quarter earnings results on May 7 but immediately contracted. The current base is third stage, as the stock has more than quadrupled in less than one year.
The education provider reported a smaller-than expected first-quarter loss and higher sales in early May. The company has reported only one profitable quarter out of the last eight, according to MarketSurge. But quarterly estimates show American Public turning the corner, with the next four quarters expected to be profitable. Full-year earnings estimates call for 92 cents a share, then $1.69 a share in 2025.
The company's sales growth is projected to improve slightly to around 4% over the next four quarters. American Public Education reports its second-quarter results on Aug. 6. The educator serves adult learners including military service members, veterans and nurses.
New Issue LandBridge Nearly Doubles
LandBridge went public on June 28 with an initial offering price of 17 a share. The stock has nearly doubled since then and is forming an IPO base with a 32.91 buy point. Its relative strength line is at a new high and triggered a blue dot.
The company has been profitable over the last four quarters. Analysts' forecasts show quarterly profits steadily climbing from 40 cents a share in the June-ended quarter to 66 cents four quarters out.
LandBridge specializes in managing land and resources to support oil and natural gas production and other industrial land uses.
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