Friday, June 26, 2009

11 Untouchables - Stocks in Most Persistent Uptrends

I am going to list some charts below of stocks that are on an incredible runs right now... basically the most '45 degree' angle like structure on the chart, without a lot of "gap ups" or "spiky" action. The market overall is really just a hodge podge mess, going nowhere for 2 months - but some action as always is happening under the surface. To clear out penny stocks or just daytrader specials, these all have at least 200K in volume on average, and a market cap over $300M.

We've already discussed Riverbed Technology (RVBD), and Palm (PALM) which also are on this list. Many of these names are so strong, they are at most pulling back to their 10 day moving average and not even within sniffing distance of their 20 day. One low risk way to play is buy the basket (preferably at the 10 day moving average or in between the 10 and 20 if possible), and place stops 2-3% below the 20 day moving average - rinse, wash, repeat on a weekly basis.

So with that... The Untouchables.

Long Starent Networks (STAR), Riverbed Technology (RVBD) in fund; long Riverbed Technology in personal account

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012