Currently, there are 17 stocks in Investors Business Daily’s Near Pivot scan. IBD defines near pivot as a stock that is forming a base with an intraday high 0% to 5% below their pivot price. I like to track this list because I believe that a lot of the names are actionable before they reach their “pivot” level.

$NGVT is one that I believe is actionable for a swing trade if it can get thru today’s high of 110.66 with a sell stop at 109.70. On the MarketSmith Chart below you can see what the company does, you can see the last four quarters of earnings and sales,  and the current earnings growth estimates for 2019 and 2020.




You Can Find Stocks Before They Breakout Here; and here