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Despite some sloppy charts throughout the broad market with technical damage sustained after the selling in the first few days of last week, another V-shaped bounce to new highs is always on the table. If we see a squeeze this week, then I think the education stocks are poised to put the hurt on bears leaning heavily the wrong way. You are talking a much-maligned sector with its fair share of massive short percentage of floats. Indeed, a squeeze would be painful.
On strength, I like the charts of the following education stocks the best.
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Like the COCO chart too.
Q: Is there a way to screen specifically for stocks that are basing on lower selling volume
I like stocks that are coming off sell-offs, with a rising RSI, and the MACD histogram printing shrinking ‘towers’ but can’t find a good screener for these parameters. looking for bullish divergence in these indicators.
Thanks!
Check out the extreme RSI and 25% short interest on CEPH. http://bit.ly/i1pYmr
Great to see you are back to blogging on individual stocks, it’s like real old school. I really missed it
I was in COCO and got stopped out for a small gain last week (+4%) but I love that set up and may re-enter. Thanks Chess.
One more thing, at the far right of the picture, is that the lady who played “Whitley” on the Cosby show spin off “A Different World”?
Stopped out of CVVT (-15%).