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.
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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