The VIX Index, commonly referred to as the ‘Fear Gauge’, had spiked more than 100% by early March from the beginning of the year as the Russia-Ukraine conflict and inflation concerns weighed on markets. The most oversold names that were hit hardest this year (including Chinese equities and domestic growth and technology companies) have displayed relative strength and directed this leg back up. Image Source: Zacks Investment Research Let’s take a deeper dive into two stocks that are backed by this leading industry group and are breaking out to new 52-week highs.