Pouring It On
When the stock of an old
company like JC Penney looks like it did after Monday’s close, can there be any
debate that retailers account for a big share of market leadership?
Note
the clear trend in price, uninterrupted by serious downside volatility, and the
confirmation by JC Penney’s
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The
April breakout leaders have continued to notch gains on healthy trade. Among
them, Hot Topic
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HOTT |
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PowerRating), Skechers
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SKX |
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AZO |
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PowerRating).
International
Game Technology
(
IGT |
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PowerRating) continued to demonstrate the fruits of staying long
through volatility bouts and pullbacks that don’t hit your stops. Fluor
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FLR |
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PowerRating)
is trying to consolidate as volume comes off the higher levels marked during
recent gains.
Remember
that all stocks are
speculative. On any new trade, be sure to limit your risk by limiting your
position size and setting a protective price stop where you will sell your 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.