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No. of Recommendations: 2

Lots of stocks have risen in the past week

Yep the general market trend has been up.

I reckon you gotta make a consideration based on were the stock, sector & general market has rallied from & what trend they were in before the rally. Then of cause you gotta consider over head reistance etc.
Many stocks have a lot of overhead resistance & much to short bases to give them the needed fuel to break above those resistance bands.

After all many stocks have been sold down & from a TA reading are in downtrends, counter rallys to the downward trend are expected & considered just that until they break & hold above those downtrend lines.

Interesting posts!!!

EGL is one you might like to check out.

JR

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