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With the market in an uptrend, it’s useful to scan for stocks that are near buy points or within a buying range.

Let’s look at stocks that appeared in the Stocks In The News screen this week through Thursday’s IBD.

Chipmaker ARM Holdings (ARMH) etched a three-weeks-tight in June. The potential buy point is 13.27. The stock is within striking distance but hasn’t cleared the buy point.

Cigarette maker Vector Group (VGR) also formed a three-weeks-tight in June. It cleared the 17.45 buy point on Friday in big volume, but the market was still in correction. It remains in the 5% chase zone.

Chilean bank Banco Santander (SAN) shaped a base on base. Banco cleared the 71.13 potential buy point in the handle, but volume was average to weak.

Medical device maker Micrus Endovascular (MEND) cleared a double-bottom base intraday in several recent sessions but has slipped. It is now under the 21.67 buy point.

Chipmaker Altera (ALTR) cleared a cup-with-handle base Wednesday in 23% quicker trade. A breakout should have at least 40% heavier volume than usual. Altera remains near the 26.44 potential buy point.

Specialty pharmaceutical company Hospira (HSP) cleared a cup-without-handle base in subpar volume. The stock is less than 1% above the potential 58.23 buy point.

Brazil-based soft drink and beer maker Companhia de Bebidas das Americas (ABV) recently added a high handle to a cup base. The potential buy point is 109.43.

Regards,

Don