As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, QXO, Inc. (QXO), Summit Therapeutics (SMMT), and Pure Storage (PSTG), that are currently flashing Strong Buy signals. These stocks are showing bullish momentum and have the potential for short- to mid-term upside.
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Notably, technical analysis studies a stock’s past price movements and trading volume to predict future trends. It uses tools like moving averages, RSI, and chart patterns to identify Buy or Sell signals. Within this context, TipRanks’ Technical Analysis tool simplifies this process by combining multiple indicators into one easy-to-understand dashboard for users. Let’s dive into the details.
Is QXO a Buy or Sell?
QXO is a distributor of roofing, waterproofing, and related building products in the U.S. Year-to-date, QXO stock has gained by over 36%.
According to TipRanks’ technical analysis, QXO stock is currently in an upward trend. It holds a Strong Buy rating based on both overall technical consensus and moving average indicators. QXO is trading at $21.68, which is above its key moving averages: the 20-day ($21.27), 50-day ($17.75), and 200-day ($15.40), signaling a strong uptrend.
Is SMMT Stock a Good Buy?
Summit Therapeutics is a biopharmaceutical company focused on developing innovative cancer treatments. SMMT stock has grown by over 25% so far in 2025.
According to TipRanks’ technical analysis, SMMT stock holds a Strong Buy consensus, backed by 15 bullish, 3 bearish, and 4 neutral signals. One key indicator, the Rate of Change (ROC), which tracks momentum by measuring the percentage change in price over a set period, currently stands at 14.31 for SMMT. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Pure Storage Stock a Buy or Sell?
Pure Storage provides data storage solutions to help businesses manage and access data efficiently across cloud, AI, and enterprise environments.
From a technical analysis perspective, PSTG is rated a Strong Buy, backed by 15 bullish signals. It also earns a Strong Buy rating based on moving average consensus, with 11 bullish signals. Additionally, the stock’s ROC stands at 8.67, reinforcing the Buy signal with positive momentum. Additionally, the Williams %R, a tool that signals whether a stock is overbought or oversold, also shows a Buy signal for PSTG.