5 Strong Uptrend Stocks to Buy on the Next Dip
During bull markets, it’s not hard to find strong uptrend stocks. However, identifying such names during bear markets is a completely different story. In bear markets, the rallies do not tend to last as long, breakouts fail constantly, and the number of stocks that are experiencing high-quality moves decline considerably. What exactly is an uptrend? Specifically, it’s a technical development in a stock during which the price makes a series of higher lows, meaning each dip is shallower than the previous downturn. Ideally, uptrends also feature a series of higher highs that are above the stock’s short- and long-term moving averages. The more of these criteria that a stock meets, the stronger its uptrend. For instance, a stock can be in an uptrend, while simultaneously being below its resistance and|or its major moving averages. That situation is not ideal. We want the strongest of the strong. We want to identify all of the names that are trading above their resistance levels and key moving averages.
5 Strong Uptrend Stocks to Buy on the Next Dip
During bull markets, it’s not hard to find strong uptrend stocks. However, identifying such names during bear markets is a completely different story. In bear markets, the rallies do not tend to last as long, breakouts fail constantly, and the number of stocks that are experiencing high-quality moves decline considerably. What exactly is an uptrend? Specifically, it’s a technical development in a stock during which the price makes a series of higher lows, meaning each dip is shallower than the previous downturn. Ideally, uptrends also feature a series of higher highs that are above the stock’s short- and long-term moving averages. The more of these criteria that a stock meets, the stronger its uptrend. For instance, a stock can be in an uptrend, while simultaneously being below its resistance and|or its major moving averages. That situation is not ideal. We want the strongest of the strong. We want to identify all of the names that are trading above their resistance levels and key moving averages.