Health savings account administrator HealthEquity (HQY) and ammunition and specialty chemical maker Olin Corporation (OLN) are breaking out into buy range, as the Nasdaq reached a fresh high Tuesday.
HealthEquity shares soared 9.5% to 47.04 in the stock market today, breaking out of a flat base and flying past its 45.10 buy point. Health savings accounts are expected to get a boost as Republicans look to repeal and replace President Obama's Affordable Care Act.
Olin shares jumped 3.5% to 27.67, breaking out of a flat base with a 27.03 buy point. In November, it had struggle to break out of a cup base.
Meanwhile, online car auctioneer Copart (CPRT) rose 0.3% to 56.71, near a 57.08 buy point after topping that level earlier in the day.
And wearables medical device maker iRhythm Technologies (IRTC) rose 0.3% to 31.60, paring earlier gains after clearing a 31.79 buy point intraday. In 2015, 41% of its revenue came from the federal government agencies, including the Veterans Affairs Department, the Defense Department and the Centers for Medicare and Medicaid Services.
