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Seek Leaders That Hold Up Even When Market's Down.(YOUR WEEKLY REVIEW)
Byline: NANCY GONDO
Since the market kicked off its current rally in October, many leading stocks have broken out and are extended from their ideal buy points.
So how can you build a list of the next potential winners? Try tracking stocks that hold up well even when the market is down hard on a short-term basis.
On Thursday, the Dow and S&P 500 tumbled 0.9% while the Nasdaq sank 1.3%.
You'd never know that by looking at the action of some Your Weekly Review stocks. Many took Thursday's selling in stride. Keep an eye on these standouts. They may pull back to their 10-week moving averages or form flat bases, offering opportunities to make new buys or add to existing positions.
Empire Resources, which rallied 74% in January after breaking out of a five-month base, surged 9% to an all-time high Thursday on heavy trade. The aluminum products ...
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