Wednesday, November 24, 2010

There's a big breakout in this unusual sector

From Bespoke Investment Group:

In case you haven't noticed, shoe retailers have been on a nice run lately.

Below are the six-month trading range charts of eight shoe stocks. All of them are trading either in or above extreme overbought territory. Foot Locker (FL), Dick's (DKS)...

Read full article...

More on trading:

 Top research firm: Don't get too bearish now

Top trader Gartman: The investing mistake you must never, ever make

Trader alert: Little-known pattern suggests gold is starting a parabolic move to $1,600


View the original article here

No comments:

Post a Comment