Slow crawl up | stockbee


Slow crawl up

Market has been slowly crawling up. In recent 8 trading days we have had positive breadth .

As you can see we are having good breadth thrust. As a result underlying breakouts on momentum stocks are working currently. But at the same time big moves are primarily happening on beaten down stocks. Three of the biggest winner in last 5 day are DNDN , LCAV, and REE. All three started their move from 52 week low.

Beaten down stocks continue to lead the action.

If you are looking for a nice breakout idea that might work for 10% kind of profit look at DFS. It is one of the financial stock near 52 week high and had high volume breakout yesterday.

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