Grouping Up
When you get several stocks in the same group trending, it is often a strong
indication that there are good candidates to continue that trend.
1-31-02
11:51:46
Beazer
Homes
(
BZH |
Quote |
Chart |
News |
PowerRating) is pulling back from its high of three days ago. BZH
is down 1.10 to 80.10 and is carrying a
3-month relative strength rank of 97 from TradingMarkets.com.
BZH has been exhibiting recent strength along with Pulte
(
PHM |
Quote |
Chart |
News |
PowerRating)
and Kaufman and Broad
(
KBH |
Quote |
Chart |
News |
PowerRating). When the stock moves back in the
direction of the recent trend, the opportunity for profit is there when the
stock moves more than 7 points higher out of the pattern over the next two days.
Combining industry group strength in addition to pattern will give you some
excellent chances for success.
Until tomorrow,
Duke