One thing that I am noticing with this market despite it being up close to 10 points as of this post, is that there isn't a lot of stocks following the rally. Instead there are a lot of individual stocks languishing while the SPX pushes closer to all time highs.
There are some out there that I really like though on this list. The first one is a trade that I took yesterday in Goldcorp (GG) which has formed an extremely nice base and looks ready to push higher in the days ahead as well as start a brand new uptrend.
Buffalo Wild Wings (BWLD) while I am no fan of the actual product, I do think that they have a nice opportunity to break above some major long-term resistance formed in March of 2012.
Finally, Hornbeck Offshore Services (HOS), has some very nice consolidation after a strong runup and may finally be ready to blaze a trail to new highs once it can effectlively cross the $45 mark.
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 >>
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