Don't Be Fooled by All the Bullish Setups
I get emails and tweets all the time from people asking about my opinion on a stock's chart. Most of the time, my answer goes something like this: "great chart but questionable fundamentals."
For example, someone asked me recently about specialty chemicals firm W.R. Grace (GRA). Its main positive qualities are that the stock remains under accumulation, and it's continued to set up in a bullish cup-with-handle pattern. Leadership is broad in W.R. Grace's industry group -- a good sign -- but I can't get excited about three straight quarters of decelerating sales growth....629 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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