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Byline: NANCY GONDO
In a healthy market, how do you quickly spot high-quality stocks breaking out? The strongest industry sectors give clues.
Check IBD's new highs list each day (today on page B8). Stocks breaking out of bases soon hit new highs as they run up. Many may be too extended in price from their ideal buy point. But in a strong market, others in those sectors tend to follow suit into new high ground.
IBD research found that industry group and sector strength account for up to half of a great stock's power. That's why we rank all 197 industry groups based on their stocks' daily price performance over the past six months.
Stocks on …