When Stocks Talk, Listen
Stocks that defy the market are talking. If you are not going to trade with
the trend of the overall market, finding these stocks is your best bet at taking
some money off the table.
10:11:11
Surge Alert
VeriSign (VRSN)
has gained 2 points in the last 15 minutes, now up 2.61 to 36.77.
At the time of the post, VeriSign
(
VRSN |
Quote |
Chart |
News |
PowerRating) was moving in tandem
with the Nasdaq Composite, as it was running higher. What made VRSN stand out it
that it is displaying good intraday relative strength, continuing higher and
breaking out of consolidations as the COMPX was rolling over.
VRSN broke out of an ascending triangle and a mini cup and
handle over the course of today’s session and is now trying to break out from
another shallow cup and handle as this is being written.
Get in the habit of looking for stocks rising in the face of a
falling market and vice versa. Trading with the trend is a conceptually correct
methodology, but when a stock is talking, it pays to listen.
Have a great weekend!
Duke