5 IBD 50 Stocks Are Holding Above This Key Level

There was a lot of turbulence in the market the last two sessions, with many stocks taking big hits and falling below their moving averages. As stocks start to recover, here's a look at five IBD 50 stocks that are holding above their 50-day lines: Google, Paycom Software, Foot Locker, Chipotle Mexican Grill and Constellation Brands. Google gapped up in big volume Wednesday, retaking its 50-day moving average. Shares are now about 10% below their all-time high reached on July 22. The search giant was upgraded to conviction buy from neutral by Goldman Sachs, which said that Google is "in the early stages of a multiyear cycle to expand margins." Paycom Software dropped below its 50-day line intraday on Monday, but closed above that level. Shares are 9% below their high reached last week and are trading below a 39.85 buy point from a price consolidation. Foot Locker was able to retake the 50-day line intraday, but fell below that level in afternoon trade. The stock is trading just 7% below its high reached last week. On Monday, Morgan Stanley raised its price target on Foot Locker, saying that the shoe retailer is "best positioned to benefit from the likely long-lasting health and wellness/athleisure trend." Chipotle might be on track for its seventh session of losses, but it has yet to breach its 50-day line, which recently crossed above the 200-day. That's a bullish sign that signals its recent performance has improved. Shares are about 8% below their high. Wedbush raised its price target on the fast casual Mexican food chain on Monday as its store checks indicated same-store sales growth reacceleration in August. And Constellation Brands is starting to recover from Monday's plunge, with shares trading 6% below their recent high. The stock is trying to bust back into buy range from a flat base with a 122.23 buy point. Last week, Constellation bought a minority stake in Crafthouse Cocktails, a Chicago-based maker of ready-to-drink cocktails.