Several recent top buys of top-performing funds appeared to
remain market favorites in May with their uptrends mostly intact,
if on shaky ground amid a wavering market.
IBD Leaderboard stocks found on the list includedLumber
),Ocwen Financial (
) andCelgene (
IBD 50 stocks were no strangers to the fund new buys list,
either. Those that weren't also on the Leaderboard includedGreen
Mountain Coffee Roasters (
),FleetCor Technologies (
),Lithia Motors (LAD) andTripAdvisors (TRIP) .
IBD found 42 top-notch funds buying Lumber Liquidators.
They've invested an estimated $60.4 million in the operator of
288 flooring stores.
The stock's 13% retreat below its recent all-time high has
been contained above its 50-day moving average. That's where it's
found support twice before since clearing a consolidation in
The pullback has taken it 6% below the 83.22 buy point of a
short-stroke pattern, which it cleared in early May.
Analysts see earnings rising 40% in Q2. That's a marked
slowdown from recent quarters, but still above the 25% you'd like
Analysts see 2013 earnings climbing 44% to $2.42 a share and
next year's up another 19%.
The company boasts a 99 Composite Rating, the highest possible
and higher than all other members of its industry group, which
ranks 44th out of the 197 that IBD tracks. Other high-ranking
companies in the group includeHome Depot (HD) andW.W. Grainger
Points to watch include how Lumber Liquidators' stock holds up
as the market works through its current phase, uptrend under
pressure. The stock's Accumulation-Distribution Rating has
slipped in recent weeks, even as volume has lightened up on the
None of the stocks making the Top Funds Latest Sells list
looked to be under serious distribution.
None had Acc-Dis Ratings below C-. Their Up-Down Volume ratios
were all above one and showed no drastic deterioration in recent
Of those most off their recent highs,Owens Corning (OC), down
6%, is still above its 10-week moving average and 3% below its
recent consolidation's buy point of 43.98.
Walt Disney (DIS), 5% off its high, has found support at its
10-week moving average.