Charts Ready To Explode
The following charts
show the recent price action of stocks meeting low-volatility criteria as
specified by research from Larry Connors. These stocks also have short-term
consolidation patterns. Stocks exhibiting these characteristics have a
greater-than-normal tendency to explode from their consolidation.
Xilinx
(
XLNX |
Quote |
Chart |
News |
PowerRating)
Â
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
Â
Direct Focus
(
DFXI |
Quote |
Chart |
News |
PowerRating)
Hotel Reservations
(
ROOM |
Quote |
Chart |
News |
PowerRating)
Remember, this strategy does not predict the direction
of the move, simply that a move is imminent.
Always use protective stops on every trade. This material may be new for some of
you. For more detailed analysis of how to trade using volatility, please see Street
Smarts and Connors
on Advanced Trading Strategies.