This stock market in recent weeks has no doubt scared some bulls and a lot of traders are really tentative about adding new positions to their portfolio. So that sent me on a quest to find those stocks that, despite the recent weakness we've been seeing in general, is managing to still trade near its recent highs and has the ability to move higher in the days and weeks ahead.
The one that I really like here is Amazon.com which is nearing a long-term trend-line quite nicely, and if this market gathers some buying interest in the near-term, it could do quite nicely for the bulls.
Here's 15 Stocks That Are Your Best Defensive Plays.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
Get Ryan's Top Six Trade Setups for Profitable Trading eBook for Free!