Four Stocks That Have Built Strong Bases
In yesterday's piece, I looked at very specific momentum plays with high levels of short interest. Today, let's take a broader approach, looking across multiple sectors for solid technical setups and evidence to support the idea that the recent breakouts in the indices have the underpinnings to hold their ground.
Many of the technicans on RealMoney Pro have cited their observations of stocks with basing patterns that began at the beginning of this past summer and now look as though they have matured and are ready to break to new levels. It is healthy action against a backdrop of intraday staccato bursts of debilitating euro-zone news. The market is a discounting mechanism, the Italian can should begin to get kicked down the strada, hedge-fund managers need to perform, and Christmas is just around the corner, so a rally is not an impossibility....502 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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