Despite the ability for the market to hold on to any of its gains, I have been pleasantly surprised with many of the stocks I have been holding/following.
I have been looking for stocks that have performed opposite to the S&P 500 or just show no resemblance. Right now these are mainly stocks that have managed to keep their gains or not wildly sell off into closing. It also helps if a company has no reach to Europe.
Below are some of the stock charts I like.
Kansas City Southern (KSU) – The chart shows a nice reversal setup, which is good. This company also doesn’t have much, if any, reach in Europe, so should run smooth into the summer.
Netflix (NFLX) – After hitting $100, this stock looks to be in sideways movement aka consolidation – a much needed move for the fast rising online movie rental company. Look for a breakout either way; preferably up.
Morgan Hotel Group (MHGC) – Somewhat similar to Kansas City Southern, this setup looks like a reversal is taking place; however, the rule of 3 would tell us a possible pullback is possible. Look for a break of $6.88 or bounce point around $5.90.
Clearwire (CLWR) – Is there any doubt about my infatuation with this stock. Sure, it isn’t a quick mover, but could take off with the “4G movement.” It also doesn’t hurt that this stock has not been too impacted by the overall market.
See the professional trend analysis for any of these stocks.