7 Stocks on the Cusp of a Major Move Higher
Years ago, I heard Leon Cooperman, widely viewed as a legendary investors, say that there are two types of stock investors: those who like to find stocks to buy that are rising and those who like to buy equities on weakness. Usually, I’m in the latter group. Once in a while, however, I do like to purchase equities as they’re rising. Consequently, I know a few methods of determining which stocks to buy that are on the cusp of major moves higher in the short-and-medium terms. An important rule for momentum investors is pretty obvious: Stocks that have gone up recently are, all else being equal, likely to continue doing so for a while longer. That’s particularly true of those names that have climbed despite declines in the stock market. Additionally, equities that have advanced significantly on above-average trading volumes and those that have surpassed their key moving averages are likely to continue climbing. Although I’m not a big fan of charts, I do consider equities that have shown an inverted head-and-shoulders pattern or have had one recently and kept rising as good stocks to buy.
7 Stocks on the Cusp of a Major Move Higher
Years ago, I heard Leon Cooperman, widely viewed as a legendary investors, say that there are two types of stock investors: those who like to find stocks to buy that are rising and those who like to buy equities on weakness. Usually, I’m in the latter group. Once in a while, however, I do like to purchase equities as they’re rising. Consequently, I know a few methods of determining which stocks to buy that are on the cusp of major moves higher in the short-and-medium terms. An important rule for momentum investors is pretty obvious: Stocks that have gone up recently are, all else being equal, likely to continue doing so for a while longer. That’s particularly true of those names that have climbed despite declines in the stock market. Additionally, equities that have advanced significantly on above-average trading volumes and those that have surpassed their key moving averages are likely to continue climbing. Although I’m not a big fan of charts, I do consider equities that have shown an inverted head-and-shoulders pattern or have had one recently and kept rising as good stocks to buy.