Two Breakout Candidates in Industrials
Two companies whose businesses include the manufacture and management of industrial goods and components have completed strong basing-price action and are moving above technical resistance today.
The first potential breakout candidate is Foster Wheeler Corp. (FWLT), a stock that has dropped precipitously off its 2011 high, down more than 56% at its October low. It has been able to hold above that $17 level and take out the steep long-term trendline and its 50-day moving average. The Relative Strength Index (RSI) has been tracking steadily higher for the past month, and both the daily and weekly MacD have made positive crossovers....362 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.