Here's a new screen that I'm rolling out today, and it involves a mixture of high-risk knife catching setups with out-sized reward setups, should the stock bounce as their internal indicators are starting to suggest. These stocks have taken a royal beaten of late, and while the trend could very well continue down in the short-term, there is becoming an increasing likelihood that these stocks could bounce any day now.
In fact, of one of those listed below, Corning Inc. (GLW), I bought today for my own portfolio, as it is sitting on the 200-day moving average with a bullish harami formed on the candles. It is possible that we see a 3-5% bounce in this play in the coming days. For now I have my stop placed at 19.04.
Here are 7 Stocks Ready For A Bounce.
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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. More >>