The IBD Sector Leaders screen, which spots leaders in IBD’s 33 sectors, remains light in numbers. Three are of note as their charts flash telling signals.
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Sector leader Tecnoglass (TGLS) fell below the 10-week moving average in heavy volume this past week and remains below it. This made for a sell signal, breaking support after the stock rallied from a successful breakout in November. Shares also made multiple tests of the 10-week line before breaking that level.
Shares fell after first-quarter earnings came out May 4. Sales grew 51% to $202.6 million while earnings per share of $1.08 were up 104%. Tecnoglass fell again on May 17 after news of a secondary offering of 2 million shares by Energy Holding at $43 each, which was lower than the prior day’s closing price.
Despite the weak chart, a strong growth record of sales and earnings has earned the stock a perfect EPS Rating of 99. The Colombia-based company makes architectural glass, windows and aluminum products for residential and commercial buildings.
Sector Leaders Dynatrace, Lantheus
Dynatrace (DT) is still in a buy range that goes up to 50.50. On May 18, shares broke out of a cup base at 48.10 on strong earnings. This IBD Sector Leader boasts a perfect Composite Rating and EPS Rating.
Sales of $314.5 million showed a 25% increase in the March-ended quarter, while earnings per share of 31 cents were up an impressive 82%. The Waltham, Mass., company makes software automation tools for business IT processes.
Lantheus (LNTH) is another IBD Sector Leader that has performed well after a breakout. It may be time to take profits on the stock as it hovers in the 20%-25% profit zone.
The stock broke out of a cup with handle in March at a buy point of 75.20, according to IBD MarketSmith.
It gapped up in heavy volume Feb. 23 following a surge in fourth-quarter earnings, a move that put the stock closer to its buy point.
The North Billerica, Mass., company makes diagnostics, targeted therapeutics and AI-enabled imaging platforms used by clinics.
It has a perfect Composite Rating of 99 and Relative Strength Rating of 97. For the first quarter, sales of $300.8 million rose 44% while earnings per share of $1.47 were up 52%.
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