More High RS Health
The high RS base builders
continued to show strength Tuesday while the indexes meandered.
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating),
flagged in my Monday commentary, broke out of a handle or platform Tuesday on
more than double average volume.  Â
In the homebuilder group,
Meritage
(
MTH |
Quote |
Chart |
News |
PowerRating) moved higher on active trade.
Looking ahead, Synopsys
(
SNPS |
Quote |
Chart |
News |
PowerRating)
and SunGard Data Systems
(
SDS |
Quote |
Chart |
News |
PowerRating) may be setting up.
All stocks are risky. In
any new trade, reduce your risk by limiting your position size and setting a
protective price stop where you will sell your new buy or cover your short in
case the market turns against you. For an introduction to combining price stops
with position sizing, see my lesson,
Risky Business.