Squinting for Playable Stocks
The market's starting to feel heavy, and not just because the Nasdaq closed near its low Thursday in higher volume. It's also because there are a lot extended stocks in my screens -- names that have been running higher since mid-December. Indeed, it's hard to think about buying blue-chip names such as Home Depot (HD) and Caterpillar (CAT) after such big gains already. Plenty of aggressive growth names are getting extended, as well, among them Equinix (EQIX) and Celgene (CELG).
The market could use a breather, and as fourth-quarter season winds down, it might just get it....529 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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