Three Trains That Haven't Left the Station
Stock indices put in a strong performance yesterday, holding gains all day to close near the highs. This creates an interesting conundrum: if a stock broke out to new highs yesterday, do you really want to chase it today? And if a stock failed to gain any traction yesterday, should you even consider buying it?
After the close, I sorted through various sectors looking for good stocks that weren't over extended. There were plenty of glaring underperformers, but I'm not just looking for weak stocks that can't get it together. In fact, those would make great shorting candidates if I were looking to sell. With the S&P 500 trading at four-year highs, I'm focused on the long side. ...391 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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