AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: Jonah Keri
If you're watching a stock that's been in a base for several months and hasn't yet broken out during the new bull market, ask yourself this: What's it waiting for? The market's leading stocks have long since run out of their bases and nabbed solid gains. Those still left in old bases will likely have low Relative Price Strength Ratings, having been lapped by faster-moving peers.
To find strong stocks setting up, look for those that broke out awhile ago and are now setting up in second-stage bases. Friday's WebLink highlighted Nasdaq-traded United Online as that kind of stock.
In this space, we'll look at ...