One little pattern I have noticed in this market is that profits come at a premium. Especially when you consider it to how stocks moved two years ago. What I mean is that, unless you are buying and selling within a days times, stocks can still move higher, but it will take longer. Two years ago a 3% move on a particular stock seemed a waste of time, yet now that type of move is very enticing.
5 stocks with better odds of moving higher:
EMC Corp – EMC
Could it be that I have fallen into the love trap of this stock again? While the stock has ripped my heart out before, I am willing to give it another chance. I just can’t resists its curves.. on the chart that is. Look for a target of about $16.
Click on image to enlarge
WellPoint – WLP
Another nice chart with some room to run. Buy point looks good with a target of about $52.
Click on image to enlarge
Humana – Hum
As much as I hate the name of the company, can’t deny what the chart is trying to tell me. Like this stock with a target of $51.
Click on image to enlarge
Cigna – CI
This stock looks like it has some nice room to run, although there might be some resistance around $24. We’ll see if the stock can beat right through it.
Click on image to enlarge
Akamai Technologies – AKAM
Another stock that has created some nice running room. Like a price target of $28. Lets see if we can get there.
Click on image to enlarge
MarketClub - Check out a free trend analysis for the above stocks